Bitcoin Forum

Bitcoin price will crash below 1k in 2020 zengo ceo jokingly predicts (http://)

https://i.imgur.com/1BToS1v.png

Source: https://cointelegraph.com/news/bitcoin-price-will-crash-below-1k-in-2020-zengo-ceo-jokingly-predicts

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This may have been a joke, but if everyone follows the bitcoin-related news channels they must have read a lot of price forecasts made in 2019 that didn't come true. For this year we have Bitcoin halving in May (for those who want to follow this event: https://www.bitcoinblockhalf.com). What is the most realistic price bitcoin can reach for this year? I will be the first to forecast:

In my opinion the price will reach $15000 this year

Image shows a crystal ball? Its quite funny to look at.As said about speculation from big news site doesnt really happen most of the time.
Even to those analysis made by those so called popular personalities isnt really that different compared to a normal person who do guess up on what would be the price.
For now we can conclude yet but lets hope that this would be a good year not only on bitcoin but on the entire crypto market.

that's what Ohayon said.  i have no idea how safe his zengo but he is probably serious when he said TRX and XRP are going to be the most important crypto lol these are likely the only tokens deposited in zengo.  not sure why cointele ever give him the stage.

i don't think satoshi will be identified, he will have to prove his sign message even if all evidence is pointing to such person.

Yes

https://i.pinimg.com/originals/70/e6/d4/70e6d45d537df0749ab8dafa8db43a27.gif


Well, it seems that bitcoin-related news channels are agreeing on this apocalyptic price issue:

Elliott Wave Theory Suggests Bitcoin May Be Due For Biggest Correction Yet (https://www.newsbtc.com/2020/01/02/elliott-wave-theory-suggests-bitcoin-may-be-due-for-biggest-correction-yet/)

Bitcoin Current Price:

https://i.imgur.com/xbPni36.png

This is an important support, I wonder what happened if break. Well my prediction is towards the end of this year, so there's still a lot of time to materialize

Would not surprise me, anything is possible with Bitcoin  ;D

Precisely today I saw that analysis of the trader with Elliot on twitter, he said according to Elliot that it was going to reach $ 1k (Fortunately, Elliot is a mathematical tool and not an indicator of the Real Supply-Demand), and I have seen this problem, I think It can reach $ 1 or $ 1M, this is Crypto, but the main reason I think it can't reach $ 1k is because they won't kill the market, they know very well that the money that is handled is of high volumes, extremely high, they will not kill the castles in the air of people, except now that an adoption current is developing (for my part, I rule out that possibility of $ 1k) the idea of ​​reaching $ 1M for now no I do not see it, such Once $ 50k is a more reasonable number.

The intentions of doing that kind of analysis can be to create panic in weak hands and produce massive sales so that the whales buy cheaper (I believe in that type of manipulation).

I’m preparing for the best price and a worst case scenario, everything is possible. That crystal ball can tell the truth or a lie, and bitcoin is still depend on the news, demand and supply. If the halving can’t bring good prices, then we might see the real bottom of a new decade, just be ready for that and still hope for the best.

Aren't they just hyping the fear for Bitcoin so that the bigones could actually keep buying BTC at low prices? Then they suddenly hype it out after the halving or half a year or so, creating a situation where they actually buy low and sell high for that time period. Well, it was made into a joke so I guess all's well and fine I'd say. As for BTC Price next year, A minimum of 100% increase should be expected right? That is if no bubble occurs that causes the market to crash below the expected stabilized price, i'd say the year would end around 14 - 15k. Quite an acceptable ending if so right?

Well, it is a joke so and even with lies/jokes containing a bit of truth, I really doubt Bitcoin would actually go to $1k. Especially since there is no factors that would involve any correction to it at the moment and well, the price being stabilized right now. Bitcoin price drops because of either a sudden rise which causes the market to stabilize or the market suddenly deemed it to be useless, dumping their coins, which is the possiblity of it happening is close to null at the moment. Even if we take into account China's recent development of crypto currency, I'd doubt any country would actually follow suite anytime closer and would cause massive price drops. That's taking into account the more than 5 years development of China for their crypto currency.

Probably, and most media outlets are obviously have some incentives behind writing useless articles to sow fear from newbie investors. It's one of the most effective methods, sad to say.


$14k-$15k is quite conservative estimates. The halving this year will create a lot of hype on Bitcoin again so I wouldn't be surprised if we reach $20k at the end of the year. Although I'm not sure if that is sustainable long term.

I think it will be easy after halving $14k- $15k because in terms of now investors like it haven't saved a lot about bitcoin and I'm sure this year bitcoin will reach the highest level, in fact I often see the forecast happen before but not yet, I want to know This comes true and investors will smile if everything has happened to know this.

Most bitcoin holders expect and predict bitcoin prices will reach ATH $ 20k after being reduced by half. and some predict that bitcoin will reach $ 30k later this year.
I think their expectations are too high. my prediction is the same as op in the last quarter of this year the price of bitcoin is $ 15k. I did not expect too high because I know the current state of the crypto market from the 2016 crypto market is very different. so I don't think bitcoin increases will be as high as the previous year.

My prediction is that it will get to about $20k before the halving. But will fall back afterwards as people take profits, and then settle at around $13k to $15k.

That's sort of what happened to litecoin during it's halving last August (a pump prior to the halving, and then a sell off as people took profits).

I think bad prediction and he made joke with bitcoin back lower price under $1000 in this year, I have opinion about bitcoin price with new year where can reached above $20k where bitcoin will faced with bitcoin halving for giving price up, big effect from bitcoin halving because many investor still trust with halving become most happiness moment to make bitcoin back to higher price.

I'm not going to lie. I've given up on caring what channels and "news" are predicting for the price. I really only believe that that the long term it is going to rise. I did make a prediction guess in Micgoosens latest giveaway, which is definitely on the highside for this quarter, but it's more of what I would expect a high of this year to reach, and that's 14 950 or so - real close to you.

In the end I've funnily moved towards the 1BTC = 1BTC, it will just depend how much of it I have to use to buy what I need or sell for what I need that will change. Probably not what you are looking for  ;D
It's just the mindset I've found myself left with after pulling at threads the last few months.

These news magazines are online producing headlines for klicks, mostly based on some random bogus technical analysis based on a random twitter post. Zero credibility. Just buzzwords trying to lure you into the click trap.

Nothing on the charts especially shows big negatives, it shows price finding resolution after vast movement in 2019 and in revision we find a base and then a trend.  That process can take the whole of 2020 though we all seem to expect events to trigger something more excitable then just sideways or price revolving as it has in prior months.
    Till I can see otherwise I think we may peak in the summer but I think 2020 is a base forming year not the bigger year that BTC can sometimes have.   So you know if I was stating numbers I would say something quite within the region we tracked in the last quarter.

Wow this is getting very interesting, hours after I created this thread, I went to sleep and when I woke up I looked at the price and saw this:

https://i.imgur.com/uHKDW7S.png

The price jumped from $6900 to $7200 when I woke up, and for the day to get even more interesting when I went to read the news I saw this:

Bitcoin can hit 50k in 2020 very easily nexo ceo tells bloomberg (https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg)

I wonder where is Tom Lee? He hasn't shown up yet to make predictions.  ;D

Yeah $15k is very conservative considering it hit $13.9k last year. Now if the end of the year has a down spell it could END the year at around $15k, but I think this year at some point it'll be around $20k. Price in the past has gone exponential the year after the halving. So I think we should expect gradual price increase this year, with the second half of the year probably being in general in the $15k - $20k range. 2019 saw a 100% gain from start to finish, I think it will be a bit more than that since Bitcoin should be getting closer to the next huge bull run, so I'd say closer to 200% gain this year. So possibly topping the all time high, or at least building up close to it this year, in preparation for leaving it in the dust next year.

I roughly agree, though I think $20K is aiming too high. In 2016, the May/June pre-halving pump only netted ~80% gains. Plus I think bears will attempt to paint a "double top" in the $14K area. So my target will be in that area.

I think David has the right idea with this projection: https://bitcointalk.org/index.php?topic=5140701.msg53389283#msg53389283

It might look good, but all we did is have a minor increase to test the downwards sloping resistance of the descending triangle we're in. We have thus far not managed to close a 4H candle above it, which seems pretty indicative of sellers happily selling that most likely to be top. We will likely see a break before the end of next week. These patterns are bearish so don't be shocked to see the price dump to low $6000's.

Positive note is that we yet again have hit an all time high in hashrate, which could be an indication that miners for now are done dumping and thus there is less selling pressure. In case the descending triangle has a bullish breakout, low $8000's is a realistic next target. We'll see how it goes.

Quickly jump and down for bitcoin price but never give us surprise for bitcoin can break higher price above $10k, when break out from $6,900 then up to $7,000 then bitcoin price back down with lower price under $7,000. Always repeat the same moment with bitcoin price every time and look with the lower price always, we need big change for bitcoin during when halving time raise up above $10k.

any prediction can be made, and any statement about bitcoin is free. in other sub topics many bitcoin predictions will pump. so no need to be confused. convince ourselves by reading information coming from bitcoin. I am personally optimistic that bitcoin will rise above $ 10,000 +

It was from harry potter forgot her name but she was a fortune teller. Well, quite connected to what the OP was trying to address.
Anyway, I couldn't agree more to this man. We try to figure it out but in the end we're just failing to do it so. Even the popular people out there ain't getting it right. Bunch of claims yet others get it close but most of it isn't exact. We can just conclude for now but the right action for such price would follow if it really happens.

Let's accept the brilliant ideas with respect on awesome predictions every now and then. Making such conclusive statements was really disappointing to many people who read our comments, that's why we need to be careful in so many ways. Because we can't prevent emotional struggles isn't avoidable due to attitude problems of different person.

It is very possible.  Bitcoin goes up to $14k last year without any major event being announced so why would it not reach $15k due to halving.  We all know that halving often gives the market a great hype and history had shown that BTC price goes up before and after the halving event.  Investors think that due to halving of the block reward, Bitcoin became more scarce and that means more demand and less supply.  With this in mind FOMO may possibly break out pushing the price of BTC higher.

It would be great if Bitcoin halving can happen at $15k price, that would be a record and great start for any further pump after the halving. We opened this year with a price of Bitcoin over $7k, it's a double more than the last year at the same time! If we see bitcoin at double price, that means $14k, at the beginning of the next year that will be an amazing success!

At the current moment 15000$ looks very far away although it's not impossible. The year has just begun and there is plenty of time for price to grow but I don't think that halving will be trigger for price pump. It might have positive effect but that will probably only be temprary and it will not be so significant. If price reaches 15000$ to my opinion that might happen in the second part of year.

Bitcoin raise above $15000 I think needed one year and last December 2020 become true if bitcoin keep stable with higher price, but when bitcoin always with lower price maybe many loss hope for bitcoin raise above $15000, for bitcoin raise above $10,000 in this months maybe possibility and have big chance with issue of bitcoin halving.

yes we should not believe too much in predictions or such because it will not really happen.
so just respond appropriately, and also this year there will be lots of new news about crypto, hopefully that gives good news.
hope no more big crash in this year  :'(

I stop looking at predictions, will not do it again this year. Will just watch how the candlesticks in graphs will react and perform or better will just focus in trading that waiting too much in terms in altcoins.

why should $ 1,000 why not predict to $ 0, it is more likely whether he wants to buy when it falls at a price of $ 1000, if $ 0 I will give it free for him, many predictions say prices will bleed again in 2020 and drop dramatically, was 2 years ago it's not enough for the bloody market for bitcoin and crypto, it looks like it seems like crypto experts and experts missed out on buying at $ 3,000 that time so they expect it again, I bet they force the market to go down once again, I can only give the middle finger to those who say bitcoin prices will go down and bleed for 2020 - 2021, stop other stupid plays  ;D

I am glad how market is still not ready to give up to bears. It is successfully maintaining the price range above $7k and bears are losing their hold. A good sign for bulls and if they push enough, price can easily go to $9k as there aren't many strong resistance till $9k if the one at $7500 is broken. I am just waiting for it to breached.
This year on the whole can be profitable due to the halving as well.

well prediction means a forecast about something, it does not means that the prediction is real statement, it may be true or false but here the fall of bitcoin to only $1k is very much impossible, it is all about to afraid the members and make them to sell in panic, but i hope that this year will bring something good and new, and the price will not fall.

I don't even think the bears are even holding the market anymore. 2019 for has been a good year in spite of us going down from above 10k. If you consider how we started that year, this is more than a decent improvement. If we can sustain this kind of movement for majority of 2020, i think there's a good chance of breaking 10 to 12k. I'm not even thinking about all time highs here. It probably will take another year or two before we get to that point again.

No one really know what is going to happen this year, the 1k predictions may be a joke but who knows, we don’t know after halving me might experience a very low price though we are not sure to what extent it will go. This new year can either give miracles to the other way around we should be ready all the time because we don’t hold the future thus, might as well make the most of what we have while it last.

after all it's just a prediction of why we have to really believe it some people also say bitcoin will reach 1 million dollars by the end of 2020 which sounds impossible for now. so let's think of it as entertainment don't take it too seriously.

I'm not looking at worst case scenario in this year. I'm expecting that price will increase. At least for the past 3 years or so, we have had low price and very low price from what we got use to , back down to $3k.

The expectation of halving is capable of shooting price up. So I'm optimistic for price increase.

I love it more when they say it is not a joke. That will be more funny.

As of my own prediction, it might stabilize at $8-10k. It might stay that way even after the halving.
People will buy, that is a truth. They are just waiting for the right time.
Now, if this $7k will not go down anymore then they will forced to buy making demands higher again.

It will not exceed to like 5k of increase but 1k will be more realistic.

It was just a joke, nothing more than that, you just have to read a little further than the title.

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Speculation is ultimately just speculation, and should not be taken too seriously, especially if it's just jokes. I think people are expecting too much from 2020, just because halving is going to happen. But that is unlikely to cause any drastic changes this year, at least judging by the first two halvings. Although it is quite difficult to speculate about something as volatile as BTC, I do not believe that the price can remain at this level for a long time. Accordingly, I hope there will be a positive period after halving and that the year could end with a price of between $12 000 - $15 000.

Our desires are one thing, but the reality is something else - be prepared for the bad things too, wars, a possible recession, big exchange hack and other things that are a big unknown in a rather complicated equation.

I'm not looking or preparing for the worse scenario because the crypto market always make a new ATH once the bitcoin halving effect take over the market and i strongly believe Zengo CEO prediction is not what will determine the future trend of the bitcoin market. Besides, prediction are always 35% right and i also believe Zengo and the rest that predicted bitcoin market to experience worse occasion are using LTC halving result to compare bitcoin upcoming halving.

Yes, speculation are always guessing method in another words gambling but to be honest i totally hate the expensive joke the Zengo CEO ost on Twitter because it will mislead a lot of newbies including some high ranking members who can't go deep in the issue and my prediction for the end of this year bitcoin market is $19000.

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Guys the prediction is not real here is the evidence
https://i.imgur.com/fuVrgcU.jpg

It's pretty strange I got to say, the technicals are really still quite firmly bearish, the 6800 bounce was expected, but we should have seen another serious retest of 7200 support -- which we did not. Also pretty cool seeing Sunday action back to familiar buyer territory, so far, anyway. American east coast is up now and they do seem keen on presenting Tokyo with a 7500 support level from the action I can see going on right now.

ATH hash rate, ATH Segwit, LN starting 2020 strong. All things to challenge TA!

As i have once said in one of post something needs to be done to penalize people that give out false information about the crypto market because the crypto sphere dont joke with every news that have to do with the market future price and some people might have sump their holding due to this false statement made by the Zengo boss.

The major events last year were libra+bakkt, people never realized it but those increases were because of the upcoming halving+bakkt moves plus even a bit of libra news, you think that people who get prepared for halving or bakkt only buys it at the exact date of those things?

If anyone of you here think that the second halving happens price will go up, you have no idea how markets work and should sell all your bitcoins and live a fiat life. That is why the real deal is this year will have no events, this years increases or decreases will be for no reason, all events you see in 2020 already considered in the current price already, however thinks "bitcoin price may go up after halving" already bought their coins anyway, so whatever happens now all will be for 2021 and not right now.

Wow the price increased a lot and as expected the forecast guys decided to appear on the news channels:

Ronnie Moas and Vinny Lingham come to blows over 20k bitcoin bet (https://cointelegraph.com/news/ronnie-moas-and-vinny-lingham-come-to-blows-over-20k-bitcoin-bet)

Now that the price is rising a lot, all analysts are optimistic, but when the price drops a lot everyone made very dark predictions. I start thinking that analysts are playing guesswork

actually I also have a question, why does the price drop like that when halving will arrive?
Well, however, regarding speculation, I assume that the price of bitcoin will reach a high price. I even feel that the price of bitcoin can exceed $ 13000 because that is the highest price in 2019. So, I think that this year the price of bitcoin can reach a higher price because of the many developments that occur in the coming days.