Bitcoin Forum

There is a reason why bitcoin price surge in 2017
from three thousand us dollar to five thousand then goes up to 20k
during that time bitcoin is Introduce to public  and they are slowly
getting interest to invest on crypto , suddenly it started a bull run
and the public goes crazy over it excitement and everything
they buy bitcoins to hoard, then a news breakout china is banning bitcoin and exchanges, also closing mining firms, all kinds of fud
release over the internet, and the price declines
Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
feel free to share your thoughts dont be rude to everyone smile

I don't think so we are moving slowly and sometimes the price is dropping, we're like in a limbo
$20k is out of the question this year I don't want to say it's impossible but the pieces are not adding up for us to think that there's a possibility
Let's just be happy that we out of the $5k level danger level, maybe next year holds a lot of promise, or still danger, all I know is we are still in the adoption period.

What the hell. Bitcoin was introduced to the public and that's why it went up in 2017? WTF. That's hilarious. There's been 3 times bitcoin has been pumped like that and every time the public flooded in and bought it. So I have no idea what they hell you're talking about.

Here's what often happens. bitcoin price drops way down, usually leading up to a halving and then starts to climb. As it climbs more and more people see it happening and jump in. The media gets involved which brings even more and more as it snowballs. It's not rocket science. Bitcoin halves again next year.

Last time though I think it went a lot higher than it "should" have. I remember there was some billionaire that made the prediction it would be over something like 10k by 2018. The trend was indicating it wasn't going to happen and then as it got closer it started to take off. For all we know his ego was so big he just had to ensure his prediction came true.

All us little people have no idea of all the manipulation that goes on behind the scenes. Crypto is filled with pump and dumps all the time. Doge for example would go through one pretty much every year like clockwork. With bitcoin, it just requires some bigger whales. With this sudden drop in bitcoin, it wouldn't surprise me in the least if there weren't some whales wanting to get the price down prior to the halving.

Its really hard to compare the period of btc reaching 20k to now. And besides, coin dumps and pumps are a common thing since forever so you can't really read how the prices would go. Prices dropped like quite a bit of times and went up sometimes. Resting its increase on the recent release of Bakkt aint that good. Although it is a nice rope to cling to and hope that bitcoin would really surge up cause of it, its not the only factor involved. But I do hope it goes back to its prime or maybe exceed it though.

Bakkt never has a good impact on the market instead, it drags the market down. We are just over speculated the market and we think that having $20k again is pretty easy but what it happens now? We are dropping hard and not surely if we could make a big run next month or even this year. Though we are an optimistic person but totally not confident of what the market had shown to us.

It may be this is a time to refresh our mind and not to think too much with the market so we can't feel worries and disappointment in every time the market suffer price fall.

bitcoin could reach 20k more or more than that, but in my opinion not for this year
a really high bitcoin surge occurred during the halving block of 2013 and 2017 ... which means the next 2021
I think now the Whales are being accumulated for 2021

The maximum that we can see this year is the price of 15,000.
Bitcoin makes very large corrections. Do not be in 2019 bitcoin for 20 000 USD

The reason why the price is falling it because of all the negative news the government and the big personalities are suddenly trying to figure out a way to bring the cryptocurrencies down , it has been on since it was developed but now the intensity is increasing and they are trying to ban it..
I think it was easily retrace the price when the favourable conditions arrise.

There was a lot of optimism about Bakkt having a good impact on the value of Bitcoins and now it's having a negative impact on it far from what we anticipated, I initially believed that with the launch of both Libra and Bakkt we would be able to get back to $20K but it seems we would have to wait a bit later.

The chance of Bitcoin not making it back to 20k are slim to none. The entire crypto infrastructure relies upon Bitcoin to this day, and it maintains a near 70% dominance rates which is incredible considering how many major cryptos there are now.

Well many users is still new in bitcoin and most of them dont like digging the background of what they are dealing withmost of them just join and hop at the hype and get shock or devastated when price pump or dump.

The main thing is there still hope for bitcoin to get back to $20k we just need to wait a littlebit longer I think

I know bitcoin can make it back. But nobody knows when. I think we just need a little bit hype from the news. Because the reason why it falls down is the bad news so we just need some good news to make it happen.

If we look at the events that lead to the bitcoin rise back in 2017 and what is happening today we will see a big difference in how things are going and even in how people are thinking and their vision in bitcoin as an investment, back in 2017 all the new people and the new investors that have put their money into it were blinded by its rising value and that was one of the main reasons that made its value going up and that is the constant flow of new people investing in it, until things happend and governments started the regulations and the price and the investments declined , nowadays people are more aware of the risks and won't invest a lot of money into bitcoin like they did and that is one the reason the bitcoin won't reach 20k at least this year, as for next year and one we get close to the halving thing might change and we might see a big spike in the price.

from today the course begins to grow, but I think that it will grow slowly, and in the near future will not reach 20,000.

I totally agree that we’re still in the adoption period. Many people still has no idea about BTC or many of them have some doubts and hesitations about the future of crpto. We still need time people to understand all the benefits and quality of Btc. On the other hand, i don’t think Btc to hit $ 20k in the coming months. It seems like the market needs some balance first. I’m hoping to see better things in the next 2 years tho..

It is kinda hard to tell now because the market sentiment is becoming bearish, though I believe it will someday.  Others keep comparing the price movement of Bitcoin on 2017 and 2019,  the thing that is missing today is the catalyst to trigger FOMO.  FOMO were inevitable last 2017, people keep on thinking that Bitcoin will continue to increase in price so they blindly stockpile Bitcoin.  As of Bitcoin going back to $20k by November, I haven't known any catalyst that can trigger FOMO to the masses so I think we need a longer time frame to reach $20k again.  It will, but not this November IMHO.

The cryptocommunity had mixed reactions when it comes to speculating BTC's future price but judging from its price history, we can say and with a great sense of optimism that it will again hit a new ATH as overall fundamentals remains positive and consistent but the only question is when will it happen? And with this, I guess no one knows when since most predictions before have all been proven wrong!

Although, I still think that there has to be some kind of "spark" or a "catalyst"   needed (as previously mentioned) to ignite the next bull run and important events will occur first leading to it. Moreover, some notable crypto investors predicted that the next bull run will be massive and grandiose in scale as compared to the 2017 event so that we can say that a 20k price target is very conservative. Lets just hope that the next bull run will begin very soon! :)

October or November 2019 bitcoin will increase, I think that's possible.  But there must be a fundamental factor that affects it.  I think a big increase will occur after halving happens and that is right in 2020.

I would put the odds of 20 grand in November somewhere around - 0.1%. You of course never know but I don't see where the will or inspiration will come from within such a short period of time.

The chances of it next November are higher but I'm looking to 2021 for some proper movement. Until then the price action isn't of huge interest to me.

https://i.redd.it/4xotqzk845p31.jpg

When the gold and oil goes back, there's a chance. I don't know the mere explanation regarding this but still hoping that bitcoin will increase this october. I thought bitcoin will go up when BAKKT is up but what's happening now?

In my opinion, Bitcoin won't be able to reach 20k dollars this year after this hard fall. I am waiting for SEC to decide whether accept or decline Bitcoin ETF. If we get good news from it, then Bitcoin can stand up faster.

I'm sure they are relating each other .. the fact that my associates ( 2 out of 4 ) who put more than $100k in bitcoin withdrawing themselves to grab some profit opportunity in stocks since few months ago , any chance most people around the world did the same thing? I guess so, bitcoin is indeed a free market that nobody knows what exactly causing all of these drops.

At least that's the nearest evidence that I've got .

$20k this year isn't impossible but realistically I'm afraid it won't happened.

The reason I do not believe in 20k again soon is the fact that people that bought in 2017 and lost money, won't buy again, they are probably afraid to put any money in BTC again

I don't know man I thought the crypto market would go up too like the way the BTC futures excitement played out in Dec 2017 and Jan 2018.  No excitement then the SEC delays a bitcoin ETF and then everything falls 10-25% :'(.  I don't even care much anymore about the SEC approving a Bitcoin ETF for Vaneck solidX and BAKKT are allowing institutional investors now to invest, I am just tired of the market going down because of their delays or rejections when the prices especially altcoins are not high at all anymore >:(.  Looks like the emotion of disappointment is fading and things are going up but we got a ways to go and 3 months after Fidelity Digital Assets launched and I think Amazon acceptance was when bitcoin went to 13400 from 3500 back in April to June 25th.  So I hope the prices for cryptocurrencies get better than this for there are most major altcoins like XRP 3.4 to 0.24, DASH 1,600 to 70 and ZEC that are trading next to their very lows. https://athcoinindex.com/

It is possible, but whats questionable is the time it would take. There is a chance that this price might be reached again at the halving bull run, if not, then maybe some years later.

Currently December means nothing, it is the halving the most significant Bitcoin event that matters, and that is expected to be in May. Historically there is a little fluctuation before the Chinese New Year, in theory they sell to get money to travel home etc, or so goes the tale. I doubt the Chinese whales need that.

Invest money you don't need, and then wait it out (aka. hold).

One thing no one should be factoring in is any type of ETF approval. It's just as far away as it's ever been. I expect their upcoming withdrawals and rejections to pass with little effect or note. For now it's a dead idea. A lot will have to change before the SEC starts to look favourably upon the thought.

No doubt Bitcoin price will be bounce-back very soon, but I don't think BTC price will be 16-20K USD by this year! Therefore we don't know what gonna happen in the next three months! The present crypto market seems unpredictable, we can see a bear run too!

You are right. SEC won't accept Bitcoin in near future and I am sick of these SEC/ETF things. We should move on from these approval things. Bitcoin won't get the actual mass adaption very soon, it will take a long time, and we should be used to with it.

I don't think the price of Bitcoin will increase in October or November this year. I think the price of Bitcoin will continue to be under $ 10,000 until the end of this year.

we wait until 2021. and maybe a drastic increase will be there.

november 20, 2017 price of bitcoin was $8150. Price today is $8150. And it is no more stable now then it was then. So if you held through the bull and the bear you actually lost money lol. bitcoin is getting to be a tough sell. I think by this time next year or early 2021 we are over $20k and the only reason I think this is that it has to or it never will.

This relation which you're mentioned, can you explain to us?
20k seems impossible. But when you talking about BTC's prices, don't be sure. It rose from 3200$ to 13500$ in just a month last time. I won't be shocked if it will reach 20k tomorrow morning.

It can if we will hold

But the thing is, they are not the only people who have interest on Bitcoin.  Adoption is increasing everyday.  Yes, someone left but they were replaced by these new people.  Aside from that, Bitcoin market is unpredictable, there is a big chance that Bitcoin may crash but there  also this remaining chance that Bitcoin will rally towards the predicted price.  As long as  there is time, there is always a possibility that Bitcoin will rally to $20k before Nov. no matter how slim the possibility is.  So we shouldn't make a last statement regarding the possible price of Bitcoin in the next month.  Even professional TA have this "if"  conditions before saying their predicted amount.

It is only a question of time when will we gonna hit that price again. In this market, there's always possibility of everything because of its price volatility. However, from my end, I don't think $20k level will be achieved this year. Mass adoption is increasing everyday as there are more big companies getting interested in blockchain technology, more crypto users are installing crypto wallet in their smartphones, more merchants and shops are integrating crypto as payment method and many others. So it is not a miracle that if one day, bitcoin price will go higher than its current value and hit again the $20k range.

You know what’s the true reason why bitcoin price is dumping?its because of people like you that always looking for the price to grow up and not even letting the market dictates the value?

Why not just instead for seeking high price and stop acting as if bitcoins obligation to bring  you profit is  help the community become more mature?by posting helpful ideas and encouraging words and not just like this who’s sometimes brings negative to readers

It depends on a large part by some well known bulls who do some price predictions. They have an audience. Or they themselves are buyers, or know someone, or they make bets on the price. So ... in order to win, they have to do some actual buys on exchanges which triggers other people to buy. Again, snowball effect.

It's going to go back to 20k, it's not a matter of if, but a matter of when. This year, maybe. Next year, more likely. The further along and the more probability simply because that's just how it works. The halvening in 2020 may already be priced in, but I'm kinda thinking people haven't acted yet on that and will do so next year.

If you look back a little into the history or bitcoin there has been up and down through the years. Like down 80 - 90% and then reach ATH, down again and then reach new ATH. For sure it will surpass that last ATH on 2017 some experts says charts never lies. In addition some country is tokenizing their national currency great adoption is starting.

Bitcoin at present isn't that bullish, it has just dropped its value. I see it a beginning for a bigger push forward. Anytime the whales could act and take back the price to the dropping point. As the price is strong above $8000 there is more chances for slow and steady increase over the falling months.

Bitcoin reached the price of $ 20k in November in my opinion is difficult because we have at the end of September and currently the price of bitcoin is in the range of $ 8100. I think we should be realistic that this year is already good enough for bitcoin because the price of bitcoin has increased after falling below $ 3,500

I think this year maybe, because as you can see in bitcoin price chart every year it set's its all time high, but last year was exemption. and I think this year, maybe this year it will hit the new all time high. Bitcoin mass adoption is starting so it is very possible to happen.

Another opinion, can BTC return $ 500 ??? If this happens, it will be fomo or dump. What do you think about this? As for the $ 20k increase, I don't think it will happen this year, perhaps in the next few years, as the number of people who know about BTC will grow stronger.

First of all, does this thread belong in this section? Just in my opinion this thread is really deserve belong in the speculation board.

Indeed, 2017 was surprised momment when bitcoin price creeped up even I'll say it was not from $3000 but from $900 and touch the high price i.e $20.000 at that time.

But at this time I just wanna say it's really different, there are many countries who don't have any interest to cryptocurrencies and even most of them just banned it and for the othere solution they will make their own crypto to rateably the function of cryptocurrency that can be use by their citizens.

And about Bakkt service, I don't understand when it was launched the price of bitcoin just slumped down and touch the new support which previously traded in the range above $ 10,000 but now it is trading at $8200 which is mean that is the lower price.

I should have been ranting all over but because of this line I would rather not. Thanks for the reminder. Let's keep it cool, then.  ;)

Well, first and foremost, that $3,000 to $20,000 surge in 2017 is as mysterious as the sudden drop of prices that happened just recently. And just like the recent price drop, there were also overflowing speculations and theories when that happened, news looks brilliant with all their speculations. The same thing happened when the chart suddenly turned upside down days after that.

Well, $20,000 by October of this year? That is too optimistic of you. We are only a couple of days shy and it is October already. And I cannot seem to see any sign in the horizon that says we are going to meet $20,000 very soon. How about cut the expectation in half?

I don't see it hitting 20k+ this year and I prefer a slow increase rather than what happened way back 2017. Don't listen to those speculations that would make you buy because of FOMO. Just look at Bakkt, many expected it to pump bitcoin but it just dump $2k since it was opened.

People hope that at the launch of BAKKT yesterday it could raise the price of Bitcoin, but we are wrong, the price of Bitcoin actually dropped even more after BAKKT was launched, and I think need time to be able to return to the price of 16k, I am a little doubt if in November the price of Bitcoin can reach $ 20k.

It's hard to predict about the price but I believe it can reach to $20,000 but not on November since the possibility seems so low. Let's be real here, it's almost October and it's still far from reaching $16-20k. It's more possible next year but not this year so let's try not to give false hope... That's all. Have a nice day

return to 16k usd ? i though btc was valued at 10k + usd before it falls down  .  the price now was at 8k + usd and it does not take too much time for it to return to 10k usd   . maybe a week or two we can expect that the value will be in good shape again but for the 20k usd that your talking about , i dont think thats possible to achieve until november   .   we are ending september but look at the value ,  the value is struggling and dont show any positive signs of a bull run  .  i believe 20k dream is possible next year or two   .

Btc is always stable at $10k and that makes me worried because the last time that btc was stable for a long time, it  dropped hard like when it was $6k and $8k in 2017 for a long time. I believe that if btc will show aggressiveness again like what happened in the first half then we can surely see it hitting back to $20k but I am also sure that next year is very bullish so maybe that is a good time for the $20k.

As far as I can sense it, there is now a growing consensus among Bitcoin holders, lovers and enthusiasts that their favorite coin has a lesser chance of getting back to the $20K level within 2019...but there is a big possibility for that to happen next year as it is the year of halving and many positive developments are expected to transpire that can push more excitement and adoption. Now, the question is this: What if 2020 will turn out to be just another 2019 will bitcoin be falling out of flavor or will hope spring eternal?

No doubt if bitcoin will be back to $20k, it's only about time that will answer when the price can increase in that number. But now, we need to enjoy the price while we have a good opportunity to buy bitcoin at below than $10k and buy bitcoin as much as we can. Until the halving arrives, the bitcoin price might be difficult to increase so higher. We don't have to complain why the price cannot stay at above $10k and only stay below than $10k. But that is what happens in the crypto market, and we should accept it.

But we should be glad for now because although bitcoin price does not increase higher, we see altcoin is increased for a small price, so that will help us to make a profit in bitcoin or usdt. That will be another profit that we can get from trading, and if we can get the right coin in trading, I am sure that we can make a bigger profit too.

No doubt! Btc can rise and it will. The only thing we are not sure is when. Before 2019 starts, all of us thought that it's gonna be our year but unfortunately the price just play around the $8k - $10k mark so we hope again that maybe it will happen this -ber months (like just what happened last 2017) and yet nothing changes. It's September already but we're still far from reaching $20k. So I guess we will have a not so happy Christmas this year but I'm not losing hope, maybe next year will be finally good for us :).
If that will be the case then so be it, that's the life of a crypto holder. You only have two options to do, whether you will continue holding or decide to leave the market already. Choose wisely.

Bitcoins price this past few weeks are doomed and what we hope that can help bitcoin price surge end up likely killing it and after the launch of BAKKT bitcoins price drop good amount.I think time is what bitcoin needed to get back to $20k mark again just few months or even years and we can see bitcoin up again

Actually, yes it is still possible that bitcoin might back at the price of 20000$ but we do not sure when it is. Even there are a lot of people who get interested in bitcoin I still do not know if bitcoin will reach the 20000$ or it may surpass its all-time high price. It seems many people still hoping that in the last quarter of this year the price will gonna go up just like what in the year 2017 and as one of the believers of bitcoin I also hope that it will totally happen so that we may experience new bull run.

All-Time High is a rare event, not a repetitive event, with all the awareness about Bitcoin we have globally, we should have been now easily at $20,000 per coin. The mistake of many is this trend is to think they are the only ones to understand what means Bitcoin but Wrong! most of the rich people on this planet have a great understanding of what Bitcoin is, but there is like 100/200 Million wealthy people on this planet and at least 10% know enough goodies about Bitcoin. Would they have invested at least 1 BTC? I don't think so.
The end of the story, Bitcoin is not attractive to the all if not most of the investor community. So seat and enjoy posting but in the near future don't expect to see much of miracles I'd say.

I doubt we will see prices anywhere near 20k by the end of 2019, maybe even 2020, except we see something really big, like a big company officially embracing it.

It will get there (probably) but imo it will keep hovering around 10k possibly less.. In the meantime I will just keep accumulating, and wait for the right time to sell.

I don't think it will go to $ 20,000 in November. Most Bitcoin traders accept November and December as a medium of entertainment. It takes enough time for trading. At that time they are busy celebrating Christmas Day and cleaning their houses.

No, Bitcoin will not reach 20000$ this year, such predictiom is too optimistic. If it crosess 10000$ again that will be success and that might happen closer to the end of the year. Having in mind current conditions im the market 20000$ is not likely at all and also there is so little time left so price should rise very fast all the time and that is not going to happen.
Don't expect to see 20000$ as a Christmas gift.

In the long term, the power of Bitcoin will increase, although now it reaches its maximum values during the development of the project. It is more difficult to predict the BTC price, but leading experts say that it will take more time to reach new highs, while the cycles themselves will expand and become more stable due to increased market capitalization. Bitcoin will start to attract more large investors and traders.

I agree with your opinion.  There are still many people who believe that in the long run bitcoin will increase.  Although now the price continues to fall, but I'm sure the increase will occur and large investors are waiting for that moment.
Compared to last year, on September 30, 2018 the price of bitcoin was $ 6626. It is clear that today September 30, 2019 the price of bitcoin is $ 7765 on a binance exchange. The price difference every year can be good news for me and others out there who still always believe in bitcoin.

Maybe it's possible to make it back for several years, but it's not taking easy when we expect it this year. It sounded frustrating to see but the reality is the naked proof. If adoption could increase again and fluctuating price will not worsen in which could pull down the price, hopefully that $20k will be achieved.

Well, even though there is quite a lot of good news, the price of bitcoin has been steadily decreasing. I began to doubt what was happening at the moment. however, the price of bitcoin is currently at $ 7800, but I still expect a high increase this year. although there is still a lot to consider before reaching the price of $ 20k, preparing bitcoin prices back to the price of $ 10k is a pretty good idea for now.

This drop is not over, recent news are that it's going to 6000 dollars, after that we can expect some uptrend. Judging by the market conditions it's very possible to happen like that. I think that 20k is coming after the halving, not rih9away after having of course, it will take some time but that price will come. Until then price will continue to fluctuate,  we can just hope that 6k will be the bottom and that range of fluctuations will be between that 6k and 10k.
I agree with you that even 10k sounds like a good idea in this moment, if we are lucky we will see that price before new years evening.

the point that I marked really can happen anytime. This is very confusing. when I held bitcoin and was sure that the price would rise to $ 20k by the end of this year, suddenly, the price began to drop from $ 10k to $ 7k in a short amount of time. in this case, I do not really know whether to panic, and return to ETH / FIat, or continue to hold my belief that prices will be very high at the end of this year. for now, I just hope the price can recover, and not decline to the price of $ 6k.

I think everyone is hoping for a bit too much here - I doubt we'll ever see such a huge movement like the old bull run to 20,000.

BTC is pretty stable currently, and during the past year, it's been 20-30 percent around the 10,000 USD mark -and it's probably never going to leave that price range, too many investors now and people have gotten a lot smarter.

Although, could always be wrong - but I love the current market, let's altcoins thrive and BTC is pretty stable.

I think it is depends on people's mental to hold. If you are strong, no matter what price will come you must not panic. If you really sure about that $20k at end of this year, i think it is worth to believe in yourself. Don't be regret if you lose because of yourself, you still can learn what to be your mistake with it.

Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.

We know it looks impossible due to its current situation, but we can't simply disclose any chance that (maybe) we could see another brighter side of crypto.
We can't think it now and mostly we are in negative thought, we can also be positive sometimes knowing the fact that bitcoin was still valuable.

As we notice that almost every year Bitcoin's price keeps moving high and it possibly we gonna see it back again at $20k or it much more.

I think people just really need to stop being so wildly positive or negative. I mean, I get it, my heart flutters too when I check prices (so I don't so often these days) but we got to really wrap our heads first around this being a long-term thing.

For me, if Bitcoin gets to ATH soon, okay yay. I can cash out a little and enjoy some good times.

But if it doesn't, and I hope it doesn't, it lets me accumulate and work hard during the next few years -- good for me professionally.

For once we should really need to get and clear our minds for another all time high. Obviously, we don't know when it's going to happen. I'm sure majority of us didn't saw that $20k coming in 2017, after all we started that year less than $1k. Why not just work our asses off if we really wanted to make money here in crypto. Bite every opportunity we see and then adjust our investment strategy and just prepare for the worst. We also need to evolved as well as the price keeps on fluctuating and not have a fixation on a new all time high or even getting to $20k this year.

History says bitcoin always comes back strongly breaking ATH every time. But there is no way to predict when and what do you mean by ''they''? People who are saying that bitcoin will hit $16k on October lying as they're holding bags they want to sell and get rich quickly. 2017 Bitcoin moves were by panic buyers who want quick bucks. Though recently big institutional buyers came to the market. They are not crazy they will buy slowly. It's actually good for bitcoin. The market will be more stable in the future. If the price rise slowly that's good for everyone as we saw in the past. 2017 bitcoin price grow up so quickly and fall hard so quickly as well.

Don't take headache over price keep holding as more adoption will drive the price up. Bitcoin can surely cross ATH but there is too little chance to happen in this year.

I can not give you an opinion what the price will be after a long time but the future halving will affect the price well. It is also likely to increase at the end of this year. Even we can expect it to be above $20k in the coming years. But there is no main reason behind any of these thoughts, just predictions. So instead of gambling, wait, take action when you find a thought and answer that makes sense.

I disagree with some of the things you say about reasons why Bitcoin is had an extremely successful year (2017) in terms of value, but also in raising awareness among people about its existence, advantages, and disadvantages. It is not true that 2017 starts with $3000, it was only $1000 at the beginning of the year, but it was only around $400 one year before that (2016).

The reason for this price increase was certainly not the FOMO created by the media, we can maybe say it was an effect of pre-halving&post-halving which lasted almost 2 years, until its culmination in December 2017. The correction that followed was quite normal, China ban of crypto exchanges come later, and they also ban ICO which greatly reduced the need for investment in Bitcoin.

I'd say it's pretty frivolous to forecast that the price of Bitcoin will double of today's $8000 to $16 000 in just 30 days, and that November can bring $20 000. This is not 2017, and this kind of speculation doesn't make much sense unless some billionaire plans to invest whatever he has in Bitocin - or SEC finally approves ETF.

It was way different than it was with 2017 and now.
Difficult to make some good comparison.

One reason. Altcoins.
2017 was not the time of altcoins but more of bitcoin.
Look at the market now?
Look at how much money is being spent buying other coins.
The money is now divided to different investments and bitcoin cannot escape that.
Somehow, others are selling their bitcoin in exchange for the new one thinking it has better feature.
Same thing is happening now with Bakkt.

Yeah, as per the current market trend I don't think the year 2017 is going to repeat for now as 20k$ from here seems quite harder. And this trend is changed with the coming up of the new altcoins as the investment priorities of many the investors have changed but right now many of the alts have also lost their 99% value...

I am happy to say that bitcoin price can increase up to $8119 according to Poloniex so I expect that in October, we might see the increasing of bitcoin price. If everything run well, we will see bitcoin price can be back to break more than $10k, which will still increase to the higher price. And maybe the price can reach $15k before the end of this year, so we need to calm down waiting for that moment and prepare to sell at the highest price.

Bitcoin will definitelly hit it's previous highs. $20k is extremly possible but it needs some time. If you zoom out BTC/USDT charts then you can clearly see that we're in similiar possition to previous BTC crashes which means that sooner or later we will see a new bullish trend

Reaching the price back to $20,000 is probable but it might take sometime. The prices are slowly recovering and I think this increase is healthier than havong the price pumped in a surge. We need more development and adoptation yo be able to increase the demand in cryptocurrency.

There is a possibility indeed that bitcoin price may reach 20k as the price lately is slowly recovering. The most answer to this is we do not know when bitcoin can make it back to that value. On my view, I think not this year probably the following year. Once more adoption and more demands the possibility is high to reach to 20k.

Right now, there are two questions in this section that makes me laugh so much when I see them. Just recently this topic was created (okay maybe not that recently) that showed people are optimistic about bitcoin and considering a possibility of $20k in the year 2019 which is like only 3 months more. And now that the drop happened and we are all feeling bearish because of manipulators doing whatever they want with public, we are literally considering if $3k is possible so there is another topic asking for that.

So, now we have two topics getting messages, one is "will bitcoin be $20k this year" and the other is "will bitcoin be $3k this year". Isn't that kinda show you guys what bitcoin is? Like there is x7 difference between $3k and $20k yet people think both are quite possible.

Actually, we never knew when bitcoin will pump again just like it had before but I am pretty sure that it will happen, bitcoin will get it back like it was before or even more. All we can do is to wait and HODL if you are going for long term investment, grab all the opportunity ahead and be ready for next pump. Actually, it is vague if bitcoin will truly hit 16k this October but as for sure purchase now as long as the price is not high.

It is possible that this drastic drop leads to bull run for us really, as the piece is cheap for people that wants to use the bakkt platform, and many people too will rush to want to buy it at this price when they see sign of recovery, one reason why we have not really see rush as this price dropped to $8k is because many people are still patient to see if that is the final drop for now or it could still drop further.

once they get it clearly now that it is the final drop the moment there is sign that it wants to recover, I am sure that the bull run will trigger and we will see the price start mooning again which could see us go close to that $16000 dollars as early as October before we see it crumble again to the semi bear market ahead of the next final bull run that will occur next year.

$20K is inevitable because Bitcoin is not being used less or is less know than in 2017, on the contrary. Also 2.5x rise or fall in price is nothing if you consider the Bitcoin price history. The price should go back to the ATH this year, or next year at worse. Now is a good time to accumulate more bitcoins.

What kind of development you are waiting to happen in this market, any idea on how to increase the demand  :P.

So both of you accept on one thing, more adoption and demand will boost the price  ;).

These are fun threads to have some laugh. Mods will close these kind of thread after a while and the same topic will start again and it keeps on continuing just like that.

I do accept the fact that it is the best time to accumulate more bitcoin.

The market influence the movement of bitcoin, without any further interest it will not proceed to rise back from the last time ATH. behavioral concern with investors next targets. if there's many more people to buy again and new players will bring more funds it will possible to happen maybe in the mi of next year. Time for keep buying those available cheap coins inside the market while waiting for another pump.

Lol i think there have been quite a lot of threads about bitcoin going back  20k even from last year. Some comments are basically the same though of course, these threads discuss only speculations about what btc price will be in the next few years. Majority of us i think, believe that 20k is not the final ath since crypto is generally still at an early stage. It's just a question of how long people are willing to hold on to their assets.

Time is the only question here because we know that bitcoin is capable to do a better pump but right now its not good to talk about the new peak because it is still dump. Bitcoin should make new ATH or else it will go lower and die which can be the worst scenario with bitcoin and it can stop the run of cryptomarket.

The market really not good to see especially for altcoin but what we can see Bitcoin is still in good shape. But it isn't enough to make a huge pump that surprises us again just like it did last 2017 bull run. In myself, I'd never chasing bull run again but to be satisfied enough of what Bitcoin can give to us today and in the coming days. Cause chasing bull run again is just giving us desperation especially when the market fails just like what it happen last year.

I am pretty sure that Bitcoin will return to the $ 20k price, but that will not happen in 2019. I think it will be possible until the end of 2020 for Bitcoin to return to the $ 20k price.

I predicted a few months ago that bitcoins would be worth over $15k per coin by the end of September, cause I was extremely bullish at that time. Now? Not so much. The price is tied down to so many factors, and that makes it difficult to predict what direction we are going to go.

Ideally, we could get to $20k before the end of the year, as every value is plausible. But realistically, I don't think we'd reach the all time high this year, or surpass it.

Looking for that $20,000 value again is like a dreaming for something that you really don’t understand,market has been cruel for long time and now still continue to ask for high value
Market is showing enough for people to trust the capability yet insisting that price must grow faster and when they fail and end up losing will blame others.

I still doubt if we could even get closer to the ATH judging how the market behaves nowadays. We've seen a lot of positive news in crypto space lately, but the result we expected from the price went the other way. Bakkt was a very bullish news remember?

I might say, I'll give Bitcoin till 2020 halving we will hit another ATH. The market really needs to recover after a long bearish run.

In my opinion, it is now hard for bitcoin to reach $20,000. Why? For me, the reason why bitcoin price goes up last 2017 because also of SCAMMERS. Why again? They use bitcoin for them to gain a lot of investors, BIG investors. They put a lot of money with bitcoin that's why the price of bitcoin increases at the same time, a lot of us put our money with it, most of us believe that bitcoin will gain its price more. Then after that, scammers get their money to bitcoin that is also why bitcoin goes down fast also. A lot of big investors think that bitcoin is a SCAM which is not because they put their money with those scammers and not exactly to bitcoin. Why do I know about it? Because there is a scammer here in our country who does it and expose what they do.

There's no certain date and time to see that price of $20K to be obtained, and as far as the trend right now it's very slow to gain. Sadly the market response isn't progressive, although there's still people who continue patronizing bitcoin but the FUD was increasing and tried to pull it down. I don't know the reasons behind it, but what's in my mind right was it's due to market competition between fiat and digital currency economy.

Very healthy I must agree. 20k will come, but with a gradually process.
Unfortunately people are not seeing it that way, many people are believing or want the price of Bitcoin to skyrock like that of 2017 which will again lead to price correction. Though price correction is a good thing but too much of it could have been an unnecessary delay that could have been avoided.

I think the possibility of bitcoin prices exceeding $ 10k this month is a little reduced. in fact, for now, the price of bitcoin is still struggling to exceed the $ 8,300 level. this is clearly quite far away with our hopes that the price of bitcoin can reach $ 16,000 this month. although it's possible, I think it can happen next year. however, I feel when bitcoin is recovering this month, I think it only reached the level of $ 9,000.

 I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less...

In my own personal opinion, bitcoin could really get back it's price up to 20k USD, but not for now it can't because bitcoin is still recovering it's price from it's downfall in the year of 2017. I think bitcoin could reach it's 20k USD price in the year of 2021 because bitcoin halving will happen in the starting year of 2020.

Almost all crypto users say that the price of bitcoin will reach $ 20000 by 2020, and they say that because of Good information support. although like that, we don't know exactly when the price of bitcoin can reach the price of $ 20000 by 2020, but many people analyze that the price of bitcoin will arrive at the price of $ 20000 in May 2020.

Won't happen this month, but bitcoin *will* get back to its all time high eventually, and I've been saying it for a few months now.  The old spark of interest just needs to get back into the market, and we've seen a little of it lately.  I'm hoping at some point next year it'll happen and hopefully no sooner.  I'm not one who's always hoping bitcoin will hit $20,000 within a month, because that would be too quick.

You get it, unlike so many others here who don't understand markets or why bitcoin crashed in 2018 and took so long to recover.  I don't want that again and I'm not sure why so many others seem to.

Won't happen this year, actually, and yes, the tendency is to believe that Bitcoin, if it continues at this pace in terms of fundamentals, that price is not only achievable, it's inevitable.

But just because you've been saying it for a few months don't mean it'll happen. Lots of other experts have been insisting on the same for months stretching back to even 2018.

Mind you, just because guys like me keep saying it won't happen don't mean it won't either;)

Bitcoin has maximum chances of repeating 2017 itself in 2020 and we shall not depend on news from markets that are portraying bitcoin as something negative. If you want to hold bitcoin for long time, the most important thing for staying patient and calm regarding dumps is to avoid rumors about bitcoin. Try to read optimistic views of experts. By the end of 2019, it would be near 15k dollars almost.

If the value of bitcoin reaches more than the ATH then what will happen after the following months? Does the price will be at stable at its current value? There is so many question about the value if it will rise and were hoping the value will surpass the all time high price.

Making a prediction is easy but we don't know what will happen in the future and i am very bullish that bitcoin and some altcoins will go uptrend.

people are indeed starting to make spectacular predictions about bitcoin, unfortunately, I'm also not sure if the price of bitcoin can reach a price of $ 20k this year, even the opportunity is very small. however, we always argue that the price of bitcoin can reach $ 20k by 2020, but it's not clear when this will happen.

this is the same as the CEO of binance mentioned on his status on twitter, he feels that the price of bitcoin can reach the level of $ 16k. however, the most important thing to underline is his words that say "so easy to predict prices, it's just hard to predict the time"

Well it's nice to hear all these speculation because it kinda excites me but please be reminded these are mere speculations meaning it may or may not happen. I'm not saying that bitcoin will not reach $20k, I know it will reach that point but we just don't know when, no one can really say the exact time, it can happen probably early next year or maybe a year after, better enjoy what we have now while waiting for that moment.

   Due to volatile nature of bitcoin, no one is able to point out the exact day or month of 2020 when bitcoin will be going beyond 20k dollars but there is a range given by experts. Most of the people are speculating that bitcoin will reach this magnificent price in the first quarter of 2020. So in short bitcoin supporters do not have to wait so long now. We are already approaching the end of 2019.

$20K price of bitcoin is now easy to achieve because of these things
So many expactations about price will go above 100,000$
Bitcoin halving next year
President of china introduces blockchain
More and more companies accepting crypto as payment.

These are valid fundamentals that is capable of pumping the price of bitcoin to $20k, the price had ranging above the $9K support for many days now shows that the price would not pullback and  touch the support $7K as widely speculated however your predicted price mark of $100K is not feasible I believed in 2020 crypto market will thrive based on all these positives news which will serve as catalyst that would triggers the expected bullish runs.

It is much hard to predict where this market go to but recent development showing a wonderful future is just ahead I believe before halving event price could touch $20k easily and than it will keep moving to achieve further milestones. $100k is not a big task if BTC will keep moving with current momentum.

Don't be so focused on 20000$ like it's some magic number. Of course that price is possible again but you have to look the overal situation in the market and current price environment. At this moment this is not very likely to happen and neither in near future. So why don't think in more realistic way and how to use current situation on the market instead of waiting for miracle to happen.

For me, bitcoin will have a hard time to reach 20000 again this year or maybe next year. As of now, we see bitcoin is really having a hard time but I still see potential with it, maybe it will rise but it will not reach 20000 again that fast. As what I observe the year 2017 has a lot of scammers using bitcoin to scam big investors. Maybe that is also why bitcoin value drops again so hard because bitcoin investors didn't trust bitcoin because of what happened.

Yes, agree with you, now that we are at the end of the year there is no way that bitcoin will reach $ 20,000 this year. I wonder with some people why they always think of a bitcoin increase. no need to think hard bitcoin will definitely go up. we just need to be patient and wait. rather than the time we used up to think about increasing bitcoin which is not necessarily better we use our time to collect bitcoin. we can participate in faucets or projects that pay us with bitcoin. like the project that I'm currently taking on.

Definitely it can and I believe it will but it's not clear how long that will take.

If you're in it for investing, I would suggest not to obsess over it too much as we could be waiting a while.

Actually, better to concentrate on fiat earning endeavors and then convert some of that fiat into crypto.

Wait MINIMUM 5 years if HODLing. It'll go past not just 20k but probably 100k too.

There is a speculation that it might hapoen soon but just to make sure that we will not be left behind if it hits $20k then we need to accumulate more. And it think more people will get interested again once it reach above the ATH.

And as you know a lot of people will invest again in cryprocurrencies once they see the big potential of this technology and making a huge profit and not like the stock market that it would take time and not 24/7 market.

I believe Bitcoin price will attain the value around 10k at the time of Bitcoin halving and after that like we see in 2016 halving we will find the decent growth in the bitcoin marketplace.
Kindly ignore the negative speculation and go to investment now to make the profit and I personally exchange the cryptos for BTC it will help you sure.

If you are interested in being invested in bitcoin for the long term then it does not matter if it happens during the next months or if take years for bitcoin to reach those levels again, so you should concentrate in accumulating all the coins you can, but if you are a trader then when it could happen is really important, many thought we were headed towards those levels when we hit 14k during this year and then the price has been going down since then and now there are speculations we could reach those levels at the end of this year but personally I think it is still too soon for that to happen.

The bitcoin price will recover back to $20,000 but the issue is when? To be realistic, no one really knows the exact answer to that maybe by the end of the year 2020. The bitcoin price is currently on the path to recovery, it started from $3200+ to reaching almost $14,000 all in this year. Perhaps, very soon the entire market will recover as well.