Bitcoin Forum

Why or why not?

I can also say bitcoin will reach $100.000 or even $1, but who knows? no one can answer it, you will see it yourself in the future.

Don't get tricked by hidden spam on this forum (https://bitcointalk.org/index.php?topic=5190848.00)

The answer to 99.9% questions concerning bitcoin's price: NO ONE KNOWS.

The answer to the topic title is "could be, but nobody knows for sure"


Because, you know, time travel and crystal balls don't actually exist, so nobody knows what future holds.

Nostradamus predicted several events accurately so why someone couldn't do the same with Bitcoin?  :D
</joking>

On the serious side, we have more chances to see it happens than not. I mean, if you see the number of people predicting 1BTC could be worth $100k or 1 sat=1$ and the number of people telling us Bitcoin will collapse soon or later...

It's just speculations but statistically seeing how things are going for a decade there is a high probability to hit the $20k line again. (I can bet money)
At least I hope we won't need to say "The good old time when a bitcoin cost $20k"

That's correct. I actually expect we'll also have the days when we'll say "The good old time when a bitcoin cost $20k" (!).
Still, OP asked if that will happen. No event in the future has 100% probability, hence that answer of mine.
If he would have asked "do you expect..." or "is there a good chance....", then the answer would have been ... the speculations  ;)


Edit: and I never trusted/believed the junkie dreams of Nostradamus.

Ask yourself something, Will you buy some Bitcoin at $20k?

There are so many threads created the same question what you ask so best to use the search before creating the same thread like this since its not necessary to put thus here while there is an existing one.

Sti I will give you my outlook about this.

Yes I believe that bitcoin willgo to 20,000 since people are thinking about positive future about this and we might see that bitcoins would rise to triple digit number since thus one is predicted by many people. but I also doubt for now since crisis is still here might the crisis  will prolong since there's a pandemic.

When Bitcoin got up to 20,000$ nobody even think it was possible and BTC surprised everyone with it's bull run. What I'm trying to say is there is a possibility it will happen but if you are asking when and how we won't have an exact answer for that since we aren't even half way to the ATH. So what can we do if we don't know when it will exactly happen? You have no choice but to always monitor Bitcoin's activity through its price chart and see his price action if it is considerable to make a move to 20,000$ again.

Nobody knows for sure but we're all hoping for that price to come again. Bitcoin is speculative and that's ok to think if it will get back to $20k or higher or if there's a thinking that it won't be getting back to that. It's a personal intuition and that becomes stronger if you have seen it on your own or you have done a mistake with a higher hope during those all-time high days. That affects your belief whether it can go back to that price or not but trust me, most of the people believe that it will.

No one will know about that. We don't need why and why not because that will come out of our expectations. We can prepare ourselves for coming if that will really happen in the future, and if that will need years to happen, then we can try to work hard so we can have more bitcoin from now on. When we can have much bitcoin, we can sell the bitcoin at any price we want, and I am sure that we can make a profit from that. It is better to be ready in any condition so we can act based on the current situations, and we can know we should do.

In 2010, when Bitcoin was worth pennies, the idea of a coin being worth a whole dollar was a pipe dream.

In 2011 after it had passed $30 and crashed down under $5, the idea of a $100 coin was laughed at.

In 2013 when it had soared up to $266 and crashed down to $50, a $1000 coin was a fantasy.

In 2014-5, after it had reached $1100 and dropped down under $200 people mocked those who talked about $10k coins and wondered if it would ever hit a grand again.

Now we have people questioning if we'll ever see $20k again. Twenty grand? Been there, done that.

Bitcoin is still very much in its early stages. While most people have now heard about it, very few really understand how it works or what it can be used for. Even fewer actually own any or participate in it. Even fewer than that use it on a day-to-day basis.

As adoption grows, demand grows. Supply is limited to 21m coins. With the halving the daily supply of new coins has been reduced. The price will continue to rise as the years go by.

The only thing that can be predicted about Bitcoin's price is that eventually it will keep going up. This is why selling unnecessarily is foolish.

$20k is just another stepping stone along the way.

Answers to this type of question are difficult to make.

It could be just simply, maybe or maybe not.
Have you look at the graph of bitcoin from its inception up until now?
Is there a way that you could see when and how it goes that way?

But there is always a better conclusion. It goes up. Take that 20k 2017 history away from your mind. Forget it.

Obviously it will be $20k one day, not saying any dates when it will be, but eventually it will be. Why it will be? Because there are less and less bitcoins in the world every single day, versus there are more and more dollars (or fiat in general) printed every year. Which means eventually fiat will become less valuable, it has happened every single day in history and it will continue to happen as well.

Think about what you could have bought with 100 dollars 10 years ago, and compare it to today, look at 20 years ago, 50 years ago, 100 years ago. The further back you go, the more things that 100 dollars could buy, the closer to today, the less it can buy. Which means you will see that bitcoin will be one of those things that you can't buy as much with 100 dollars in the future.

This isn't impossible, but you will not get exact answer ever that when it will happen. If previously bitcoin could touch $20K then why its impossible once again? It's possible, but the answer always will be same if you ask when. There is possible answers if you ask why, its because of adoption. Since we all know bitcoin is limited supply, and as far as we can see the community of bitcoin expanding day by day. Although there is no much adoption lately but we would see slow adoption. For that reason we would encounter huge demand of bitcoin especially when we will able to use it almost everywhere at least on the online. So this demand automatically will lead to bump on the price and most likely then we will encounter previous ATH of $20K. But for again, we don't know when it will happen. I don't care who are predicting unrealistic price.

I expect $20k price yes. It has happened and why not at the era of new halving, it should. But when that will happen is what is missing. I can not say that could be anytime soon or what time in the future but it a possibility that awaits us.

Why? Because why not?

Why not? Because why?

Don't seek an answer to that. That's the question that even the most professional traders can't answer.

But as always, it has the possibility. For what is the reason why it is possible, better do the research by yourself.

20K is not sure and no one can give you any time frame for this because we already face many other predictions about this all and most of them are not touching to reality any thing is possible we can touch this landmark and we can go down very big as well.

Even if things were boring but still alive and relatively lively, though not at all bubbly, it would simply get there because of dollar inflation eventually.

Why - Increasing education, awareness, avenues to buy and sell, less production.

Why not - the world going to shit.

Instead of asking if ever there will be a possibility for Bitcoin to reach $20,000 again, speculate instead when will this happen.

Both questions aren't answerable but at least it's more interesting to speculate when your dream price will happen.

As far as the bitcoin progress is concerned, it's always possible for Bitcoin to established again another ATH. Of course, it will take time. If you are looking for a technical analysis of why this $20,000+ price should happen again, I think it's not necessary.

I don't know the purpose why you asked that question but if you are the one who bought at the peak, you should be move on by now and already knows what to do after all these years.

Time travel does only in the wrong direction 🤣

It's not about us. We're already in from much lower prices. It's about mainstream retail investors watching BTC get hyped on CNBC and FOMO buying into a BTC bubble.

Breaking the 2017 ATH after 2-3 years of consolidation will look extremely bullish from a TA perspective. From the look of the current chart, I'm betting we'll see $20K by 2021.

And why not?
 We are in a cryptocurrency where in the market is volatile which means bitcoin will gonna reach $20k, $30k or more. But the question is, who knows when will it reach then?
 We saw it already reached that $20k before so I don't think there is no reason for it not to pull up again.
 
 And why are you asking these? Have you ever doubt about it?  ;D

I think it will peak again but not in 2020. Although bitcoin halving has already taken place and good news is being rolled out regularly, with the current economy I think growth will be quite difficult. At the highest level, bitcoin could only rise to $ 16k and then collapse. when a lot of people lost faith in bitcoin then it rebounded and could break out old ATH. 2021 will be an exciting year.

According to the recent effect of Halving the movement is plain and normal,we have no Big dump happens and slowly moving
up so in this sense there are no chance to predict what will coming next and besides this is
 very early to predict as the volatility still showing up regularly.

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Look at the price chart and you will find the similar answers ,i have been watching the flow since the day Halving happens in
 May 11 yet nothing Crypto has been proving aside from having 11% max growth for
 this event for Miners but of course nothing is certain because the market can
 Go high later or fall down tomorrow.
The pandemic effect will stay according to the expert until next year so if this is indeed then we might see growth middle
of next year 2021 or at least end of 3rd quarter ,Though we are all praying that the
much awaited Bull appears early this time.

If somebody knows this shitty question then that person must've been rich by know.

We don't have any crystal ball to answer that question and that is asked many times already.
Its not only matter of why but it is only a matter of when that will happen. After the halving, many are believing that there is a chance for Bitcoin to reach that price again. When?? That is the thing that we don't know. I have watched a video on youtube and based on his analysis, it can happen in 1-1.5 years but still its a speculation and the only thing we can do right now is to speculate its price.

Of course halving just finished and the incoming supply is now minimal and adoption is in progress, we just have to look on history of the price after the halving for us to believe that $20,000 is not only possible but will definitely happen and I'm excitedly waiting for it to happen.

I believe that we are going to reach this level again.
Maybe this is going to happen is a huge rise is going to happen and the price is going to be stabilized around 13k first.
If the price is going to move around 13k then people will start to believe that we are going to a new high and they are going to buy in more.

Just be patient, that is the answer. We will see bitcoin price reach $20k again although we don't know when the time to hit that price. We can buy and sell bitcoin to make a profit, or we can hold bitcoin until the price increase more than $15k. But we need to enjoy the price now while we have more chance to buy more bitcoin.

 
 B дoлгocpoчнoм пpecпeктивe к кoнцy гoдa мы мoжeм yвидeть цeнy 15000$ .20-25000 $ceнтябpя 2021гoдa.

keep calm and be patient is one of the keys you can succeed later, the price of Bitcoin will be kept by miners so it does not go down less than $ 8000, and for $ 20000 can happen, seeing the current state of Bitcoin is very promising, my advice is to buy when the price of Bitcoin goes down and make purchases step by step;)

It is very hard to predict if bitcoin's price will reach to 20 K USD again because the market is volatile that no one can really say when will bitcoin's price will go increase or decrease. But good thing even bitcoin halving is finished, the price of bitcoin still stays in $9,000, so maybe it is a sign for bitcoin to reach 20 K USD next year or in the future.

There is no reason for me not to believe that bitcoin will hit $20,000 again, I have been investing in bitcoin and I am more on long term, and also I have bought a decent amount during the peak last 2017 so I guess I will just continue to hold until bitcoin will break $20,000 and make a new ATH.

There is no limitation when it comes the price if the demand is continues, while people keep holding their bitcoin and the demand increases then we will eventually see bitcoin to rise at that level, it could be faster than what we expected and if bitcoin able to made an ATH in just 3 months last 2017, then for sure it would happen at the right time.

The price is quite stable at $9K right now, I guess that is fine.

We don't know when will be the price of Bitcoin reaching another ATH, no one can really tell, we can predict though. Since a lot of countries are suffering right now because of the pandemic, I guess we might see next year another ATH. Or maybe it will be next month, or the next one. All we know is that it has the possibility to reach that we just don't know when.

Yes, it will and even go beyond that but it is going to take a while to achieve that, Reason: You just have to check numerous advantages bitcoin has over fiats, and with growing adoption, it is not hard to see bitcoin well beyond the 20 k levels

it's just that, the potential for bitcoin is now greater than ever before. however, I am pretty sure the price of bitcoin can approach the old ATH this year. however, the clarity that the price of bitcoin stands at $ 9k is really very clear. I believe that beginning of June the price of bitcoin will start to rise again.

Its difficult to say. But don't see any possibilities within this year cause btc got drop after halving, that's unexpected. But don't lose hope cause it's not impossible for btc to hit $20k again. Keep an eyes on btc

very able !, $ 20000 for Bitcoin in a situation like this is very achievable,
but it only takes time and patience, if you succeed patiently then your HOLD will not be in vain

No one knows. It depends entirely on the demand, which causes the market price to rise or fall. But not impossible, I think Bitcoin will be able to cross the 20k level near future. The popularity of Bitcoin is growing day by day, which makes it more likely that large investors (who have not yet invested in BTC) will enter the market. But now the problem is that the world economy is not doing well. When the world situation improves, we will see better changes in the bitcoin market.

Bitcoin's price will reach $ 20k easily in the coming years but not this year. because halving event can make price increase but it takes time. When miners are no longer profitable, it is imperative that the whales will have to push the price of bitcoin higher in order to continue manipulating the crypto market. You're probably wondering why I said that, simply because this is a "pricing" market. The whales create volatility to manipulate amateur traders and make money from them. and of course, the whales have a responsibility to push the price of bitcoin so that miners create more bitcoins so they can manipulate it more easily.

That is hard to tell.
In the period when Bitcoin reaxhed that price that was certainly the peak that was result of current circumstances in the market and all favourable factors that influenced price in.such positive way.
Now the situation is quite different and we can all see that even 10000$ is barrier hard to cross so it's not easy to predict how the price will react. To my opinion there will not be some huge price jump in near future.

People are really expecting to see that price again but it's only lasted for a few weeks then what you saw after is a very hard drop. I don't like to wait for the peak to happen it's just that if I saw an opportunity to buy and invest I'll buy. We might see a bit bigger than 20k USD in the future, maybe? Who knows? Bitcoin price is always unexpected that's why no one could tell the future price exactly.

I think that we should not expect such a price increase in the near future. The world situation does not contribute to this price increase. However, no one can know for sure. At any moment something that no one expects can happen.

in order for the bitcoin price to reach $20,000 it is necessary that there is a lot of demand. the demand we saw in December 2017 was due to the fact that many people were interested in the ICOs that predicted high returns, of course there were ICOs that really gave high returns and there were other factors like the hard fork and the entry of Futures, people looked at this opportunity to invest a lot of money in this market. In order to have something similar it will be necessary for many wealthy people to start looking at bitcoin as a good investment and it will take time

We expect that price, it's in our vanes! It will happen one day, but for now, BTC is in a bear market, maybe a good opportunity for shorting, some people expect BTC to go to $5k once again. I don't know when we will see $20k again, but that will happen, just before that time we will experience many more drops and rises, don't let that to discourage you!

No problem if we expect that price at this time because that will give us hope to see the price will increase to that price. Although we don't know when the price will get back to that price, we can wait for the coming, and we can try to buy more and more bitcoin. But I believe that the bitcoin price will reach that price, no matter if that will happen shortly or in the future.

After the ICO ended, the demand for the market also declined and unlike in December 2017, even now the IEO that has been a lot of success cannot return the demand like ICO used to have bitcoin reached $ 20,000.

Now we can see the fact that demand is getting smaller and even old investors are now turning to others like the property business and so on, therefore the price will not make up for $ 20,000 if conditions are still like this it will be difficult too if you continue to see the market moving slowly.

The fact is no one in this entire forum knows what will happen in near future, one thing you need to understand is crypto is a long-term asset if you want to make short-term money it's very very risky.

Also price will increase only if there's demand else it might be in stable or it will go down, however if you have Invested in BTC just hold it till your expectation is met..

Uncertainty surely is the bitcoin business. After getting to $10,000 last week, the price has dropped back to $8,867 today. This is the time for a possible buy because it might be a correction that has been speculated after it has a stop in $10,000.

Isn't that happening after halving and then after a year has passed or a few months later the crypto season really happened so that many ICO projects have sprung up, all of which happened because of the crypto season itself. If indeed ICO projects have the ability to pump bitcoin prices, then why with something new with safer labels like many IEO projects and programs are not even able to recover the price of bitcoin to 20k?
Indeed, it is not possible to return to 20k at this time, but if this scenario is the same as before then it is very likely that in 2021 the crypto season will come and if it does, at least 20k will definitely pass.

Because it happened in the past so why not again?

Bitcoin is getting more and more attention when days passes if it gets adopted as a payment then surely it is going to reach more high than we are expecting.

sounds easy and achievable eh ? but why btc was still at under 10k usd  and now its droping even more again  . the longer this happen the more the chance i think like the op   . there are happenings on the past didnt happen again on the future  , i have alot of coins that perfect for this example    .  maybe this applies to btc too  but that was still okay   . i dont ask for 20k usd either  but seeing price return to 10k usd and seeing it sitting on there can already bring satisfaction to most of us

The answer to this question lies within Dollar not BTC so much, despite appearances the Dollar is the more changeable of the two and has no set protocol or rules.    That is the opposite of what the vast majority of the world believes, its also why its subject to such a great change.   Now BTC doesn't have to succeed but of the two options I would bet 20k does happen again and higher and its more probable then the alternate choice of never again, I think the odds are above 50% and its not a silly bet to make.   Hence people should have at least a slight bias long term to long BTC over time.

Lets stop about that 20k$ value because Bitcoin is currency so why always look for that value when we can use Bitcoin on its value everytime.

Let us not look for Bitcoin as an investment all of the time but lets find it as a currency that needs to be use and circulate.

We will be seeing that depending on the movement next month.

It is like nothing really changed after the halving but it is better than it will just dump, right? Since the price right now is going back and forth at $8K and $9K, I guess it might stay that way this month. Next month, I guess we could see some movements, dump or pump we will jus wait since I know that the effect of halving is not always sudden after.

Next month? Its early to say that while the current month is ending and still we are still almost at half of the price, maybe we can tell on what will be the price to come by 4th quarter of this year since if something good changes coming every month then provably a $20,000 is possible to see by us. But I'm curious on what will happen next month since I'm curious to know if we can see above $10,000 price.

Ever since bitcoin was created it keeps reaching new high after every cycle and it happened many times so why not again one more time? People said the price will bubble when bitcoin reaches 3 digit value but if they trusted and held them until now they could be a millionaire now.

Yes. Of course, yes. For those who say no one knows, they should know that Bitcoin is just a tadpole to a frog, a caterpillar to a butterfly. If it happened in the past, it is bound to happen again.

If $20,000 happened from $0, it will happen again and much easier from $9,000.

That's right. It's only a matter of time before the price can go up and break the highest price.
Probably, it will not happen in a short time, but I believe that will happens in a long time.
If people still don't believe in bitcoin, they will look by themselves, and they will regret it.
I am glad to see the price now can break $9,300, and seems, the price will still increase to $9,500 soon.

We’ll see $20,000 in 2021, I’m very confident about that, just have some patience. The halving has just passed, the reduction in new coins mined will eventually have a positive effect on the price.

This looks like it may take some time before it happens again. I used to believe that "since we did it once, we can do it again" type of mentality and I still think that bitcoin will "eventually" be 20k in the end but I do not believe it will be quickly anymore. It has already been over 2 years now, so we can say that it already didn't happen quickly.

What we need to focus is how we could go above 10k without dropping back up very quickly. Since, those 20k peak times we dropped under 10k, and ever since that moment whenever we go above 10k we crashed under very quickly. There is this limit at 10k when we pass everyone starts to sell and we drop. Even when we broke over 14k last year we still went under very quickly to 7k levels as well. So, my new aim is not even 20k, it is about sustaining above 10k levels.