Bitcoin Forum

CEO of Celsius Network, another crypto asset startup predicted that the crypto will be around $30,000 by the end of 2020. He also regarded that people underestimate the effect of the approaching halving event. Reportedly, his prediction falls in line with other predictions that the helving event could shoot BTC price upwards.

Also, it has been predicted that BTC could be around $16,000 by June 2020 after the halving event as this would align with Mashinsky’s price prediction of $30,000 by year-end.

Source : https://paperblockchain.com/tom-lee-2020-bitcoin-price-prediction/ (https://paperblockchain.com/tom-lee-2020-bitcoin-price-prediction/)

If that really happens then I'm happy to see bitcoin reach the highest price at least close to ATH, but can the prediction be more accurate? because you haven't been able to prove whether bitcoin will go well in the future ??
Yes of course by approaching halving many think bitcoin will be more translucent to high prices, the core is we are ready to hold bitcoin in the future.

That would be healthy as far as I'm concerned, but $30k in 2020 might not be--and believe me, I'd love to see bitcoin hit that price, but if it does hit it too soon we could be looking at an epic crash.  But who knows, I could be thinking about it all wrong and bitcoin might be able to sustain that price. 

I'm wary of listening to a prediction made by a crypto startup, however.  They may or may not be correct about the effect the halving is going to have, but they're obviously biased in favor of a bullish prediction.  One thing is for sure, it'll be very interesting to see what really happens when the halving occurs and where bitcoin ends up at mid-year.  I do have a feeling it'll be higher than it is right now, but I'm not sure it'll get to $16k.

I agree, parabolic upticks only creates huge bank runs down when it does dip.  Most people are in the green when we shoot up that quick so when profit taking starts everyone jumps in.  Slow movements creates stability in the amount of buys and sells.  An epic crash on a bi yearly basis is not healthy and can ultimately lead to a false ceiling

I can accept prediction that will predict Bitcoin to shoot up to the moon, even if the predictions are not realistic because of the very high prediction or coming from newbies or experts this is the time where people comes up with their own analysis and predictions because they know that many people are looking for positive things that will convince them to invest more.

There is really a great chance for Bitcoin to pump severely because, the halving would in fact, reduce the supply of Bitcoin that would generally lead to higher demand from the Bitcoin users. $30, 000 is a huge value but, the possibility that the value of Bitcoin would shoot up more than that is great because everyone would try to hold and wait for the big pump to sell their Bitcoin.

I'd rather believe this shy type of a prediction rather than $100k.  :D

Most of them are going upwards but let us also be real at what is in front of us.
Ethereum also has an upcoming event which is already pulling a lot of buyers.
That just means the invested money is being divided. They might stay with the bitcoin which they already have and not add more.
But, they will always try the cheaper coin. I won't go XRP of course, I also would rather pick Ethereum.

Why would the price forecast from a CEO of a company in the crypto space be worth anything? He'd be very biased...

Many people say that the halvening is going to affect the price positively but it's just speculation and it's already likely that it was priced in before too! I just think that such predictions aren't to be taken seriously anyway, but coming from someone as biased I think it's just to get the word of their firm out.

Why even take note of the prediction? Just so it could align with Mashinsky's? I see no need tbh. and honestly, a $30k year-end seems way too farfetched. I mean, who wouldn't be glad to see an ending like that? But honestly, a 100% increase from the start of last year? Even with the halving, I doubt it could happen. Especially with the hodlers watching the market, preparing to exit at a suitable time where they'd most likely profit, all the while not letting their greed take over them.

A crash would probably happen by the $20k mark, making the $30k vision seem far away. Ngl, human greed is spread out and all, but I really think most would exit the market by $20k and start hoarding once a good period for accumulation comes in again.

$30K seem conservative speculation and very possible to happen than $100K.
Its always going to be worth waiting than selling the coins you have right now. This is why the only BTC I have is kept in my personal wallet and not on exchanges this time. $30K is more than enough for altcoins to also rise above to its current price.

This is prediction will likely be the closest one to this year 2020, halving will surely create more hype and once the market will not shrink after the halving then bull will surely to occur.

The prices will continue to increase and bitcoin price will likely to hit new ATH record this year, so 30-35k usd is the closest price of bitcoin by the end of this year. Unlike other predictions that are too much, they are promising a very difficult price for bitcoin like 60k and up before this year will end.

I do not know why, but whenever I hear only positive predictions from each side, I have a very strong impression that the price will start to drop significantly. Of course, I would not like this to happen, and probably will happen what investors want, but in this case it seems to me that it is too early for price increases. I also think that $30k level is achievable in this year, but in my opinion the price will not start rising until August or September. By the time of halving, there may still be a big drop in price.

at a time like this the price of Bitcoin is easy to manipulate, especially with statements from famous experts and artists, Tom Lee said that Bitcoin could go to $ 30000 this year, yeah it would be interesting, but on the other hand, Warren Buffer said that Bitcoin would return to zero, What is your opinion? and the result is that the price of Bitcoin has fallen back to as low as $ 9500 today

This could be true but the price that we are talking about is all time high so understandable that all experts and would be experts are all about talking price within $20 k up, honestly I'm comfortable and will be very happy if the price will just hit another all time high and it will be a big bonus if it hit higher than $30k.

Nice prediction, I agree with that as long as the market will be bullish, this coming halving is really big and I believe bitcoin will have it's new high this year and $30,000 is quite realistic, I am a fan of this guy, he is always bullish on bitcoin but gives realistic prediction unlike John McAfee.

I hope that will be happen even I'm expecting that the price will be more $30.000.

But we have reality, such as now when bitcoin price was increasing day by day and there are a lot of people guessed that the bull run has came but bitcoin price is falling again.

I think many people there have regreted ans they will be more careful to hold their bitcoin. They will sell bitcoin when the decrease price comes and they only have a little confident to hold it for long term.

Not only Tom Lee most of the analysts are predicting a massive pump in BTC but to see that in reality we have to wait for few more days, there are lots of positive notes as halving could be a turning point because the demand will automatically increase and we can expect a big change in the market. I would be so happy to see the price like 30k by the end of this year.

I somehow speculate that we will not see a $30000 Bitcoin this year. But I also speculate that once Bitcoin price reach $30000 it will go much higher fast. So this predictions are very away from my predictions.

We should only reference such predictions. Because no exact prediction is made, the bitcoin price is manipulated by whales and it can go up to 100k $ or down to 1k $ anytime. So we don't need to waste time predicting it

Are we should believe this startup prediction?
I don't think so,  but if it happens for real, then we are going to be happy because we have been waiting a lot for that moment, in the past years , we were faced to many disappointments but despite all of these issues we are still trusting Bitcoin.
In addition to that, fortuntaly the halving  event is close to happen just few months left after that it is certain that Bitcoin's price will pump significtaly.

This dude keeps saying higher and higher prices and for some reason people still make news about it. I mean do we really need to get one more article about tom lee? Should he be asked what he thinks bitcoin will do once more? Whenever you are in doubt what tom lee things (which nobody ever wonders) you can just 3x or even 5x the current price and that is exactly what he thinks bitcoin price will be like.

When the price was around $3k to $5k he was asked and he said $15k, now he is saying $30k, I swear to god if we ever reach to $20k price once again and he was asked what the price will be in the future, he will give a $60k to $100k answer to that as well. Dude is constantly bullish on bitcoin and always gives a 3x to 5x answer to the future of bitcoin prediction questions.

Anyone can make prediction but there is no one in this forum to give a genuine prediction because of its volatility, either BTC can pump or it may dump.

As the BTC halving event is all set to come most of them are coming with new predictions, Tom Lee has told that BTC can deliver 100% transfer to its investors this year where he believes BTC might reach all time high by the end of the 2020 guys let's wait and watch like how it works.

We should understand where these guys are coming from. They all have vested interested on crypto that's why they make exorbitant predictions. Of course, we wanted the price to see on a higher levels this 2020. But I wouldn't put too much emphasis on predictions coming from those people who are simply trying to shill because they benefit more when the price goes to the moon again.

$16,000 by June this year might not be reached. The market will go in a slow-motion and would find its place first before going to a complete bull run. It has to break $10k for several weeks up to months then we can finally be confident that it'll go that way.
I'd rather wait before predicting again or naming price just like what they did during the bearish market. And that made them quiet for awhile because it didn't go accordingly.

I also think the price is still too volatile to talk about the beginnings of increases. The period before halving event will be very turbulent and in my opinion whales will still try to lower the price. What we see in recent days confirms that declines are more likely over the next few weeks rather than increases. Let's wait for halving and then we can say something more. It is now too early for predictions.

The market is starting to decline and I think if we would have a bounce back it would be slow and wouldn't be that high.
But the prediction is for the whole 2020 and we are still on the first quarter so I hope that he would be right about Bitcoin reaching $30K,
And if not I hope it reach even the half of it $15K wouldn't be so bad after all.

actually it is not that huge compared to what Bitcoin climb last halving right?when bitcoin reached $20k in 2017 that is much higher than expecting a $30k this year.and i think it is worth the wait of all from 2018 and 2019 dumps.
and also yeah the demand will be great in halving time so the more we hold is the more the demand will grow High.but like what happens each time expectation brings failure so maybe it is good to just wait and see what happens next.

All of this withdraw to lower levels gives me even more hope that Tom Lee could be actually right this time around. People are forgetting that when bitcoin goes down it goes down HARD and very swiftly, when it does moves like this I know that it is getting ready for an increase.

There is mathematically no way that bitcoin could stay at these prices for a long term because it would hurt the miners most and we are talking about people who are capable of mining and selling around 1000 bitcoins (and maybe some altcoins as well) so they do have a power and a say in this and as long as they actually support the bull side, we are not going to see these prices for too long. It means we are around these prices maybe for another 6 months or so but eventually it will have to get higher.

good predictions and I'm quite interested that after halving, precisely this June, the price of bitcoin can get to the level of $ 16,000. however, I want to trust his predictions, because that is a crazy price. even I predict at the end of this year, the price of bitcoin will not reach the price of $ 20,000.
Well, I think, if the prediction is correct, the price of bitcoin should have started to rise to more than $ 11,000- $ 12,000 by the end of March-April. looking at the current price of bitcoin, I think reaching $ 16,000 in June will be quite difficult, it looks like a 2x fold increase in a few months.

There is a lot of possibilities this year as we have just been through an unexpected pump when we were expecting the market to go through further dumps and if we look at it from a broader poin of view this is just a normal fluctuation which was expected to take place before the Bitcoin halving and I am sure Bitcoin will bounce back and yes there are possibilities that it might reach it's ATH this year.

And the lowering of price actually happened already and we've touched to $8800 level again. There is probably more to come but we don't have control to it. This is a squeeze for everybody and I say that don't be too emotional with such movements and know more about your position.
These predictions might help for you to get encouragement but don't be too dependent to them.

we have to work with facts, here is the current price: $8800, the price dropped from $9200 to $8500. The price failed to stay above $10500 and all attempts to reach $10500 resulted in a big price drop. If couldn't break $ 10500, how can you dream of $30,000?


I believe that he must be sorry to have made this prediction, the problem of people in the crypto world is dominated by emotions. As the price increased so much that it reached $10,000, they think that it would continue, they never put the possibility that this would be the limit

---

about what Tom Lee said in the article I disagree with him, with the coronavirus the bitcoin price will fall instead of increasing. just think: if a person is sick, why the hell would they buy bitcoin? furthermore, if governments quarantine, how the hell are people going to buy bitcoin if they are quarantined?

Interestingly, if we take the history of these “forecasters” who are only expressing their opinion, will the accuracy of their forecasts be very different from the “forecasts” that can be obtained from tossing a coin? I have a feeling that many would even lose to coin  ;D
It is more interesting to observe the opinions of companies/people who make financial decisions based on their opinions. But even they do not know the future and may be wrong.

I think I will follow this guy from now on.
Why not? The numbers are quite better than $200k or $1M.
Better than that antivirus guy who would suck his dick and then take back what he said.

2021. I think that is the year where everything will change. A great shock will happen to all the crypto enthusiast out there, be it analyst or not.
This year is just the introduction. It may go upwards but not to the extent that it will be like 2017 again.

The new ATH price predicted by Tom Lee is still fair than others but bitcoin new ATH price will outperform his prediction for this year. With that been said, only crypto newbies will believe or care about Mcafee's price prediction and i dont think he care about what people say about him because he totally doing it to get more attention.

I just wished that we will surpass $10k breakdown and beyond that price range I would be feeling surprise if more than that value would be achieved further. Whether it may go upward, it's very rewarding for all of us because it could attract several projects to become active on their respective communities. This is possible to obtain a great demand as well as increasing price trend along the entire 2020.

I'm not a very superstitious person bt i feel like every time Tom Lee makes one of his super bullish predictions Bitcoin really shows him the middle finger and goes down.

There are good analysts who predict big moves and are right 60% of the time and there are bad analysts who can never hit their targets but Tom is on another level. When he says 20k Bitcoin goes to 5. That's how accurate he is.

well that is not even harder to happen because we have a good start this year with a  growth 505 in just below 2 months this year?that is a good indication that we are heading Great this 2020 halving year.

and now the correction is happening meaning soon next month we are expecting more hype and $30k?a peanut because last halving we made more than 100% of the price before halving effect then what about this year?
so yeah in this i am with Tom Lee,we are going to Hit or passed that amount.

Too optimistic IMO.

People will assume something again when this happens. Just like how it is December 2017 when all predictions suddenly was way upward until 1 million dollars.
20k might even be hard to reach this year.
A big sell might happen after the halving, those who are pumping the price of bitcoin now will take their profit.
Short term investors that is not real supporters of bitcoin but just for cash.

his predictions (or better said random guesses) are equally crappy as all those others guessing ridiculously high prices in very short time frames and is just as crappy as those who predict unreasonable drops out of nowhere.
the fact is that most of the times bitcoin price is moving with a much reasonable pace and only has wild jumps near the end of its big bubbles.