Bitcoin Forum

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

I wish I knew the answer to that question, and then had the power to make it happen (within ethical means, of course).

Seems like there is too much profit taking right now, maybe by the second quarter?

Today Bitcoin is at $11,000. When the buying stops, the killing will too.

If you buy Bitcoin at $1,000 after the price falls, you get/save $10,000. That's profit.

When Bitcoin goes $1,000 to $2,000, you get $1,000 profit.

In my own view, we need many big players like hedge funds to get involved. Also spreading less FUD can be helpful also.

Me too for very long time i search the response to that question

We can slowly see that we are getting out of the market correction which happened due to ATHs went so fast. It is possible to hit it again I mean you never know how situation will unfold, other thing is that I do not think it will happen but it is still possible.

The end of first quarter is close, only a short time away, so I don't think the bitcoin price will reach 20000$.
I'm not saying it's impossibe but I'm more keen to theory that bitcoin price will stay somwhere between 11000$ or 15000$ at max. And it's very hard to predict what will influence the price, market has its own behaviour model and I don't think that politics can significantly influence on it.

Anything is possible in the cryptomarket, look how fast btc went up from 2.5 k like it was yesterday.
So many swing traders got rekt trying to time the market

Last year december bitcoin value reaches $20k not only in a short period of time,However bitcoin price is volatile so maybe for now it drops but still i really believe that by the end of this year bitcoin will still rise and reaches $20k so its better to save bitcoin now and sell it when the value reaches $20k again.

More and more countries and people seem to become interested in Bitcoin which will eventually lead to its price grow. Bitcoin is slowly getting better, soon it should be able to handle thousands of transaction per second thank to the Lightning Network. SegWit was activited a few months ago and that's when price increases started. It's interesting because there were many people who were against SegWit, a lot of people sold their BTC before the 1 August (the date of SegWit activation). Bitcoin stopped growing due to extremely high fees which are now really low.

Political decisions can play a very important role in pushing the Bitcoin prices to the said heights. If countries embrace bitcoin and legalize its usage, its market value will be increased as more people will have the opportunity to fearlessly venture into bitcoins. Its the political issues are a major contributor to bitcoins valuation

Technically - the improvement of scalability through the lightning network, improvement of network usability through the adoption of smart contracts and improvement of security through SegWit2x.
Economics and marketing - the adoption that will follow up after the technical issues will be solved (or at least improved).

We cannot predict the exact time where bitcoin will stock up into 20,000 USD. But its because of the demand and the active users and sellers of bitcoin. If they really tried to get involved in bitcoin, It will increase. It is just depended on the supply, demand and the fluctuations of it.

I think $20k would be very achievable this year, as we all know already it doesn't really take that much time. With the the bankers and traders getting in on the action now u can almost guarantee that there will be large-scale manipulation going on... even worse when u consider the fact that Circle bought Poloniex (Circle is backed by Goldman Sachs) So market manipulation is inevitable..... $20k is very likely... ending the year at $40+ I think is also a possibility...but who knows...right now, ANYTHING is possible..

It doesnt look to go cross 20K in the first quarter, but it may go cross 20K in the end of second quarter.

20,000 dollars is real, but only in a crypto-currency winter. But spring is coming soon and we are waiting for growth!

it is unlikely he will rise to 20, has little faith, although it may be by the end of summer!

Well in terms of regulation, I think that if more countries start accepting bitcoin as legal tender, like Japan, Switzerland, and now Germany, it will help adoption, because merchants will have more incentives to use it. Since in terms of development, bitcoin is getting better, all we need are good tax regulations, so that it's adoption increases.

If adoption kicks in, and big names like amazon move into crypto, we will see a huge boom in it's price, like we saw in 2017. There is a chance that these thing take time, and that we will see a hole year of consolidation where nothing happens. Let's not forget the halve in 2020, so that could work as a catalyst as well. Not really worried about that though. We had plenty of periods lie this, where people thought bitcoin was "dying", and then we had the 2017 boost.

At the end of the second quarter, the first quarter is almost over, but the price of BTC has not gone up, so I don't think it will go up in the short term.

I think bitcoin will reach $ 20k in the middle of the year. then the price will come back down and stable. and after that will come back up at the end of the year...

I think if the world's largest market, China, if they declare that the BTC is legal and does not prohibit the trading of digital currency, I think the opportunity price will rise to $20,000!

to go to the same coin price as the end of last year, it is not difficult, because it has been bitcoin do, even I have confidence that bitcoin price will be equal to akhit year can be reached this april, and will go up

Last year, bitcoin was able to hit the 19k mile stone, and if it wasn't for the huge traffic that the network have witnessed that lead to the miner fees going crazy and transactions taking a lot of time to get verified, and alongside that the goverments were starting to take some decisions concerning cryptocurrency overall, bitcoin would have continued to go up and break the 20k and even beyond, currenctly things are starting to go back to normal, with transaction' fee being low, and lower confirmation taime, we can definetly see the bitcoin's price going up again, but the most important thing in my opinion that will truely help the price reach high levels is the decisions made by goverments.

Why we always looking at china to gives support to bitcoin and then bitcoin rises. China has declared a number of times that they are banning the bitcoins and the ICO. So we should look to other parts of the world who are accepting bitcoins. Japan has legally accepted bitcoins. USA is opening the biggest mining farm soon. Wallmart to Use the blockchain technology for their deliveries. All this things has positive impact on bitcoins and due to this reason, the bitcoin is stable at 11,000$ now and will surely cross 20,000$ later this year.

If we can understand it with a very fluctuating bitcoin price it will be the main attraction for traders because of the rise in bitcoin prices and will be very profitable. and if we talk about the factors that cause the rise and decrease of bitcoin price is one of them is the bitcoin volume level is not too big if the bitcoin demand increases then the price will increase and vice versa if the demand falls then the price will decrease.

It is pretty seems possible because Q4 is the peak season of cryptocurrencies and it might surpass 20K because bitcoin will have another new ATH in the next months but be ready with corrections.

I wish it would reach $20k by the first quarter of this year but that would need a lot of entities to be able to achieve such heights. What the authority could help to drive investors to invest in bitcoin is to spread the good side on this investments and stop spreading FUDs and fake news about cryptocurrency.

Unlike what has been happening with some banks not supporting crypto if they can reverse this action its possible that this could drive bitcoin price up and more people will get to use cryptos without the fear of bank accounts being limited.

It is possible for cryptos to end the first quarter on a high note as these digital currencies are unpredictable.

If you look at the chart now, then bitcoin falls in price and falls significantly, then in the next 2 months bitcoin will fluctuate around these figures. But at the end of the year I think he will skip. All analysts say this.

It just requires one remarkable event to shoot the pice up. Imagine what would happen if Russia legalised bitcoin and China lifts its ban across the board.

In my opinion the bitcoin will exceed $ 20000. At that time, many people would invest in bitcoin. will appear more bitcoin billionaire.

In my opinion it is not and for me, rhe thing that could make this thing possible is when Bitcoin become legal to more countries in order for the demand to increase which highly affects its market price. I am expecting that it will be able to achieve a price of 20 on the last quarter of this year since the market is currently having conflicts with the demand.

As March end is close I think he will not rise to 20 until then. But in March we will see some upward movement.
Last year in March we had some positive uptrend.

I personally do not think this is possible before the end of the first quarter. Or there have to be some really big events in the global economy and politics to make it happen so soon.  :)

Bitcoin price at USD20,000 is not impossible this year. If there are more people that will continue investing in bitcoin, the price will move up and reach USD20,000 or even higher than that.

I think that bitcoin price will be $20,000 very soon not first quarter of 2018. because bitcoin price is now increasing now bitcoin price is $11,000 up. so don't panic about this matter.  

Yes bitcoin reaches a low price that everyone is waiting for. In the meantime, it is not very large, all are bought and sit on standby.

Yes we can expect the same price or milestone or previous high it touched and reversed back for major correction.The only thing which can drive btc up is only buying pressure and the volume which is driving the same.Next, if some countries accept the btc even the same drive in the direction of 20k.Also, some positive news with the btc developers can also drive it to that mark.Rest market corrections happen and disappear as well.

In my opinion, this may be the removal of BTC's trade prohibitions in some countries, then its price will go up. But when can this happen, I can not say it. I think by the end of 2018 we will see a BTC above 15K.  :)

maybe that bitcoin can get that price again but now it's rerecover first altcoin and token in cmc right now buy bitcoin right now while it's pretty good to climb the good thing is hold first now and bitcoin also reaches its previous price

All hope everyone is here. and indeed very convincing when we look from the past, even higher than $ 20. The most important is we continue to buy in the present for more value than now.

I am quite positive that bitcoin will make 20k this year.

When the bitcoin reaches $ 20000, it creates a record of value. Then there will be many billionaires appear. Many people invest heavily in bitcoin. The bitcoin market will be very exciting.

Maybe 20,000 is not the limit. The price can go so far away from the current state. It is difficult to predict how the market will behave in the future.

I want to say that it will be $20k first quarter of this year. now bitcoin price is increasing. now bitcoin is stable at 11,000$ i think it will be cross 20,000$ in this year 2018.

Well, it depends on economy. it is all about investor. though it has high demand while supply is lower than demand. that's law is gonna say btc will increase more but no one can say perfect prediction like $20k.

Bitcoin is not growing for 2 months because many newcomers lost their money invested in BTC last fall. At the time when bitcoin was growing to $20,000, the market was in great demand and millions of new investors joined it. Now, most of them are disappointed and are afraid to invest in BTC.  However, in the case of bitcoin will overcome the price of $13,000-$15,000, a scenario is possible in which the rush will start again and the price of  BTC  will skyrocket.

Here 12k is going to be a big test, if break the resistance the race is on. Literally we have a long way to go before testing that 20k mark again. Meantime get the profit from this trend.

The price is going to have an increase that will look like the thousands were nothing. It's either that or Bitcoin is not being used.

I think its LN (Lightning Network can be implemented within this year, it can greatly impact the price in the positive way and push it to $20K again.Or unless big economic nation suddenly legalized like Japan did.

Currently, the price of bitcoin is stuck at $11K and its really hard to make a push even at $12K. Although eventually it will be shattered, but for me it will took another month to go beyond that price.

It looks like we have to wait a bit longer to get bitcoin prices to be at $20k because until now bitcoin still difficult to penetrate the price of $ 12k. But, I am still convinced that by the end of this year at least bitcoin can break through to the price of over $15k. Maybe my speculation is a bit excessive but I hope that speculation can come true so we can get the benefits together.

I believe it will top 40000 this year

Thank you for your articulate post. It informed me quite a bit.

Bitcoin and other major cryptocurrencies are just recovery from a full out media attack an respective bans especially from Asian countries - Asian investors are said to hold at least 20% of the major cryptos. So I think reaching $20,000 in the first quarter (End of March) is too soon. The likelihood of it could be by the end of the 2nd quarter.

"There is no reason why we couldn't see bitcoin pushing $50,000 by December." told Thomas Glucksmann of Gatecoin.
Source: https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html

You may be right. But what does that change? Will you sell your bitcoins right away? I am sure that nothing will happen. Everyone will keep their coins and wait for the price of 40,000 dollars. And so it will be forever. So I'm not interested in the price of bitcoin. I earn enough for a lifetime of coins at any price. This is what I like bitcoin.

Since there are only 27 days to the end of first Quarter in 2018 and the price is still around 11-12,000 USD, I find 20,000 USD prediction not so realistic. It is more likely to happen in the first half of 2018, but in crypto world no one knows what will happen.

Bitcoin could be 20,000 dollars without 2018 but it could also be a decline because my thinking Bitcoin would have a big decline at first and then output 20,000 dollars.

It is possible that the price will be in the range of 20,000 thousand dollars even by the end of 2018. All the same, capitalization is growing. Also, the situation with the course is less stable. Bitcoin rose in price. So I will hope for a price increase

Everyone wanted to see a big rally in the price of bitcoin and i am sure everyone is waiting for another rally too soon :D with regulations being implemented across the world we would see some corrections on the way too,so i do not expect any rally till everything clears out,but there are some bold predictions that it would raise to all time high at the end of this year,anything is possible.

by the way 20,000usd price of bitcoin almost hit last year 2017 in the of december the price ranging more  than 19,000usd, i think is possible to reach of bitcoin 20,000usd before end of this year, almost 10mos for bitcoin reach the 20k usd price expectation, hoping the demands value of bitcoin increase to reach their price the year end of 2018.

I believe that the price of 10-15 thousand for bitcoin is absolutely normal and optimal. If we are talking about a price of 20 thousand, then the popularity of bitcoin should greatly increase.

if the capital dumped during the bull session of btc and crypto markets somehow returns into the overall market cap than it would be so easy to see that rise again in the first quarter of 2018

That would be a normal price for Bitcoin. Does the price look like it's going to get there in the next couple of days?

Btc today is less than $12k, compared with its price last december 2017 where it hits its highest price which is $14k. Reaching $20k by the end of the first quarter may not be possible. Its already march and it still need more than $5k to reach that amount. Besides,we cant do anything to manipulate its price, because its price solely depend on its supply and demand. $20k is possible, may by the end of year or maybe next year. No one knows.

The following are the values ​​of bitcoin 10k. The bitcoin, which is higher than the months that we have been passing by, will continue to rise past its former position towards the end of the year, according to estimates. Governments' attitude towards bitcoin can change the situation.

Bitcoin is becoming more and more popular in the world, Bitcoin is well known, I think when Bitcoin is widely known, there will be dark acts, such as sending money to Bitcoin criminals. money laundering, etc. These actions will make the governments of each country issue more strict prohibitions in Bitcoin. This would adversely affect Bitcoin prices, which would reduce Bitcoin prices.

It will be hard for Bitcoin to reach 20K within a month. The G20 discussion on cryptocurrencies this month will make clear whether there will be worldwide regulations. Cryptocurrencies could then be accepted worldwide and Bitcoin could increase in price. But it also means that it's no longer decentralized. That could result in a stabilized pricing, so 20K will be even harder to reach.

Bitcoin is inching up higher and it may not be long before we hit the magic price. Stable news and tapered government interference seem to be paving the way for a gradual growth

I think the second quarter though the first quarter is almost gone is not impossible when entering the beginning of the second quarter will approach USD20,000, because we do not know a day or 2 days later bitcoin prices go up drastically, thanks.......

Bitcoin's market price has now reached and hovering 11,000$ mark for several days now. I believe that a 20,000$ mark can be reach early anytime this year if the momentum shown to us by bitcoin continues.

In terms of political dynamcis I would say the recent statement be SEC and CFTC.
Furthermore Putin's statement to Blockchain Technology. This however doesn't mean russia is going to support the crypto space in any way officially.
Japan and South Korea are the leading nations in terms crypto adoption.
The recent statement by Germany and the EU Commission I see as positive as well. They know if they want to get left behind they'll have to go with crypto as well.
In terms of economics this was discussed several times. We know the legacy system is in big trouble and many markets overvalued and pumped by the nations' QE.
Bitcoin reaching 20k at the end of Q1 will not happen! If we reach that level at the end of the year I would already be very satisfied. We had 2 years of a crazy run. Therefore I think we shouln't complain and always asking for more in a short time frame.
On the other hand it's possible we are close to an exponential rise of s-curve adoption the next 1-2 years. So anything can happen.

I guess it would be
1. Adoption
2. Legalization
3. No taxation.
This month is still long so it has enough time and space to reach $20,000.

Bitcoin survive the biggest correction I’ve ever seen and I believe because of this we can see bitcoin on its higher value again in the coming months, I think yeah 2nd quarter would be great for all the hodlers and believers here. Its a great coin that every one should have.

Yes it can be happen to $ 20,000. Many prediction bitcoin price can reach $ 30,000 in this first quarter. Anything can be happen, no one knows.
I know bitcoin now around $ 12,000 and increase a little bit slow. I hope bitcoin this year have high value more than last year after drop down.
Bitcoin has a new rival in this year, name is Octoin.

Honestly, BTC price of $20k by end of Q1 2018 is a little bit unlikely. The current movement in BTC now is finding a new support level with gradual increase over a period of time. This is healthier than a sudden price increase. Economic and political influences in crypto is a good thing. They have no other option but to embrace what the people trusts and give freedom for their wealth.

The price of is started to increase due to some positive news from Germany.I had got one news,very soon U.K bank and Bank of U.S will accept the bitcoin as legal one.But I was sure this will not occur in one or two days.Atleast it need 5- 6 months,this is not sure.It may reach before this specific period or more than this one.

That's a good news, i guess because of that matter increasing of value of bitcoin will be affected. But for now let's cheers because bitcoin price are started to grow up, I have no doubt that before end of this year bitcoin value were reach $20,000 before end of this year.

I don't think 20K USD is possible before the end of Q1 this year. The resistance make it even hard for bitcoin to reach 12.5K USD for bitcoin this week and may continue for a couple of days before we can reach 12K USD mark. So i don't think it is possible to reach 20K USD with just more than a month remaining in the 1st quarter.

So far, we have switched to an uptrend and the same way the market when it switched to a downtrend tried to break so many support downwards e is the same way we are going to have this one trying to break so many resistance upward. However, like you said, we can never know how things will always turn out. We may be in a trend now and it can reverse at any time it wishes. It is just how things are most of the time.

My guess would really be mainstream adoption, having a full confirmation that even during an extremely heavy usage, the scaling issue has been solved to some extent with the segwit adoption, and the fact that big merchants are adopting it, will definitely give us the chance to see the market at that level anytime soon. No one can say if this is possible before the end of first quarter, but if I am to say from the look of things and the possibilities of how the market plays, I would say forget about the end of first quarter.

IMO, 20k is not possible for this year unless if there's no another manipulation of price  from the whales . Ans aslo for sure the price will continue to grow if there's no fud's around the internet. Because that is the main reason why some of the interested investors become afraid to adapt crypto. And maybe that is the reason also why bitcoin value nowadays keep fluctuate on 11k value. 

It's positive, bitcoin can reach 20,000 USD or even higher in this year base on my analysis every year the price of bitcoin currency always pump a massive amount before year end there is a new record for the price of bitcoin. But if the FUD's and whales are acted to re-manipulate the price of bitcoin for self-interest. we can do nothing about that.

for this month, there are no signs showing that it will happen. but sooner or later, bitcoin prices will definitely reach $ 20,000, even if it still shows a stable price at $ 11k. all we have to do is hold back the bitcoin we have.

More good news will make the price back up to $20,000. A gov't that will state that they are not going to ban bitcoin can have a very big impact.
It will for sure.

   It will not happen this month nor the next month, but this year or next
one it will. Bitcoin will reach much higher price, I plan to hold until then no
matter what! I plan to hold and to add more when ever I can!
   I believe in Bitcoin, I invested money in Bitcoin and other crypto-currencies.
It is how much I believe in all this. I do not expect prices to go up with light
speed, they will grow slowly and in 2+ years this will be much bigger then it is
now.

Bitcoin will surely get to 20.000$ at a certain time but i dont think it is going to happen by the end of the first quarter of 2018. The price is stable at 11.000$ right now and it doesnt show any sign of growing soon. It will probably grow slowly and get to 20.000$ at the end of the year because i dont think that could happen sooner .

As you can see, from the past two months Bitcoin price is kept increasing in the market from 8000$ to 11,500 $. Still, there is one more downfall in this month which it can re-bounce to 12000$ by the end of this month. By the end of the year, the price of Bitcoin will surely reach to more than $20k.

Right. Better to see bitcoin touching $20K in Q2 of this year. If $20K will be hit at the end of the month, I'm afraid that its another bubble that will be burst anytime. So a steady growth is much acceptable at this time and its a better option in my opinion.


Actually the bottom that we hit is $6K. So if we hit $12K at the end of the month then its already a 50% recovery which is not that bad after a big crash of almost 70%. So if the pattern will continue, we can really see bitcoin hitting about $20K at the end of the year.

I do not think it's possible to reach 20k $ by the end of Q1. The price is growing, but for now it is a slow increase. The price can not touch 12k $. Maybe at the end of the year will be 20k $.

it seems that bitcoin does not have good news that is clear from the good news about bitcoin will make the price can be high and trigger the investors to re-buy bitcoin, but if there is no good news it seems to be heavy.

No one can obviously know the answer to that, but I would rather be looking at the first half of the year than trying to concentrate on the end of first quarter. The end of first quarter does not really look realistic at this point that much since we are already in it, unless we end up seeing a huge news that can just drive the market crazy overnight and breaking resistances without stopping and I am trying to imagine the kind of news that can perform wonders like that.

Spreading less FUD is something that you may end up seeing for a very long time because it will keep happening since the whales derive a lot of benefit from it, and most of the time, that happens when there is just a lot of greed in the market. I have always loved slow moving market, staying on a support for a while, testing resistances gradually before breaking it and not just a market that will keep moving up like it is going to puncture something in the sky the way the 2017 bull run happened.

 I dont think someone could answer this question right now since we're still at the early stage of the year like what you said, but certainly political involvement with crypto does only affect small portion of the price. The huge part is being played by the big players in the crypto world. I mean it's safe to say that crypto currency and its price can be manipulated. Now, if you notice the usual trend of BTC price flow, during the 1st quarter from the years passed seems similar. I hope we will be seeing similar result during the mid and final quarter from last year to this year as well again.

If you have joined Bitcoin inthe beginning of 2017 or earlier I think you will agree that in Bitcoin you will never know what will actually happen at the end of the year. Based on the trend of the last quarter of 2017, Bitcoin unexpectedly soared and many users have suddenly become millionaires out of it and we can only hope that the same thing would happen on 2018 and the years to come.

Bitcoin's price may be due to economic and political dynamics but what affects it greatly is due to peoples demand over it. A 20,000$ worth per bitcoin is achievable if the demand of people becomes high again. With bitcoin's recent pump to 11,000$ from 5,000$ in just 2 weeks is a good sign that bitcoin still has the power and strength to climb back to that market value within this year.

to date, the forum bitcointalk gathered a huge number of people who make predictions about the prospects for Bitcoin for the future of a very fantastic nature. They would in time help Stephen Spielberg write stories for fantastic films about high technology. We see today the real prices for Bitcoin.

I don't lose hope,lm wishing that this coming months bitcoin will rise up to $20000.l know bitcoin will not frustrate bitcoiners to win the promising price of bitcoin to make the world a progressive currency to all the world. That bitcoin will be the hope of all nations to wipe out poverty to all countries. Bitcoin will be powerful because even the powerful people of this earth will amazed to bitcoin because of what bitcoin can give.