[2020-06-04] Bloomberg: “Bitcoin Toward $20,000 in 2020"

[reliable]

So far, there has been some stagnation, the price has hardly changed recently.

Patience is key. Over the course of months, who knows.  Over the course the the last decade, well, everyone knows what happened.

Fall from 12k to close to current price 10300$ has hit little bit else it was expected to can cross 13k etc. But sill we have quarter and 15 days of sept and if it can rise and cross above 12 k then we can atleast look forward for a price of above 13k by year end or may be little more than that. But now it requires some push so that it can be near that 12k levels.

[Slow death]

Whenever these exaggerated price forecasts are made, the price never rises much and the year ends with the worst possible performance. I don't understand why the hell they don't expect to see at least the price reach $ 17,000 and then make those $ 20,000 forecasts. Now it's September (almost towards the end of September) and I don't see how from $ 10,000 it will jump to $ 20,000, I get angry with these price prediction guys

Bitcoin whale cluster at $10,570 is the most important level right now

It is better that people do not forget to put Stop - Loss. it looks like another dump is coming

[bryant.coleman]

Fall from 12k to close to current price 10300$ has hit little bit else it was expected to can cross 13k etc. But sill we have quarter and 15 days of sept and if it can rise and cross above 12 k then we can atleast look forward for a price of above 13k by year end or may be little more than that. But now it requires some push so that it can be near that 12k levels.

We had the block reward halving less than four months back, and it's impact is not yet visible at the market. From what happened after the first and second block reward halving (in 2012 and 2016 respectively), I would say that this impact will become visible in 6 to 12 months time after the halving event. So you can expect a big spike sometime in November or December this year. And this spike will not be a minor one, which takes the exchange rates from 10k to 12k. This time, we may witness a new ATH.

[pixie85]

Now it's September (almost towards the end of September) and I don't see how from $ 10,000 it will jump to $ 20,000, I get angry with these price prediction guys

Maybe in the same way that it went from 3000 in September 2017 to 19000 in December? 

Usually people assume that if something happened once it can happen again and I don't blame them for it. 20 thousand is a really modest prediction especially when you compare it to what McAfee used to say

[Vishnu.Reang]

Now it's September (almost towards the end of September) and I don't see how from $ 10,000 it will jump to $ 20,000, I get angry with these price prediction guys

Maybe in the same way that it went from 3000 in September 2017 to 19000 in December? 

Usually people assume that if something happened once it can happen again and I don't blame them for it. 20 thousand is a really modest prediction especially when you compare it to what McAfee used to say

No one takes McAfee seriously these days. He caused losses worth hundreds of millions of USD, by promoting scam ICO projects in 2017 and 2018. Back then he was very desperate to stay in media limelight and in order to do that he made crazy predictions such as the million dollar Bitcoin. None of his predictions came true recently. BTW, does anyone know what happened to the over-hyped McAfee Dex? 

[bitcoinisbest]

Now it's September (almost towards the end of September) and I don't see how from $ 10,000 it will jump to $ 20,000, I get angry with these price prediction guys

Maybe in the same way that it went from 3000 in September 2017 to 19000 in December? 

Usually people assume that if something happened once it can happen again and I don't blame them for it. 20 thousand is a really modest prediction especially when you compare it to what McAfee used to say

We are almost at 11k range now and bitcoin has closely recovered 1k $ in last few days. This is a good sign and if it can cross 11k and keep moving upward then the next and major huddle seems to be 12k level again which last time it could not sustain above that price. Let’s see if can rise and move above it and then may be above 15k could be the year end closing if the demands continue to rise and prices keep moving up gradually.

[Sithara007]

It makes sense. But why isn't this happening now? Can this really last until the end of the year?

I don't think that we'll witness $20,000 per coin anytime soon. From what I could see, there is no noticeable growth in the number of users, or in adoption. The last time I heard about some major online store accepting Bitcoin as a medium of payment was a couple of years ago. It looks as if the growth has stagnated, due to a variety of reasons. I would say that Bitcoin would remain in the $10,000-$12,000 range for the next 7-8 months at least.

[reliable]

It makes sense. But why isn't this happening now? Can this really last until the end of the year?

Hope that it touches 20k as soon as possible. Though not sure if this will happen in 2020 or 2021 but wishing that someday soon  we all will even witness crossing that 20k levels mark and for investors who waited for so long will be able to make some good profits as well with that bull run.

[Renampun]

It makes sense. But why isn't this happening now? Can this really last until the end of the year?

Hope that it touches 20k as soon as possible. Though not sure if this will happen in 2020 or 2021 but wishing that someday soon  we all will even witness crossing that 20k levels mark and for investors who waited for so long will be able to make some good profits as well with that bull run.

Bitcoin 24 hour trading currently -1.7%...
even so, the trading in the last 1 week has been very good. Bitcoin to $ 20k is not impossible but the timing is still a matter of debate. I'm personally not sure Bitcoin will hit $ 20k before the end of this year..

[Slow death]

again:



we’re already in November and we’re at $ 12900, so there’s less than 80 days to see $ 20,000, I’m still waiting and funny that when paypal said that it will allow people to buy bitcoin using paypal I keep seeing images of rockets going to the moon and news like this:

Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall Street’

but why not wait for the first weeks after paypal executes this service to know the real effect it will have on the market? why run to make optimistic forecasts without any solid foundation? and to make matters worse it seems that John McAfee's prediction is already being a standard for some people, let's see:

Bitcoin price rise to $500k is inevitable, Winklevoss twins say

500k is inevitable?

I see this price as something extremely exaggerated, and I thought I wouldn't hear that price again

[bryant.coleman]

Bitcoin 24 hour trading currently -1.7%...
even so, the trading in the last 1 week has been very good. Bitcoin to $ 20k is not impossible but the timing is still a matter of debate. I'm personally not sure Bitcoin will hit $ 20k before the end of this year..

Do you remember what happened in 2017? Back then also the exchange rates moved in a similar pattern. It will be clear if you check the coinmarketcap charts from October 2017 to December 2017. There was a gradual increase from $4,290 during the first week of October to $19,750 in the third week of December. There were temporary spikes and dips. And you can see that it is not a straight line.

[gysjeUh]

I think it is impossible to reach 20,000$  Here I hope to know more friends who understand foreign exchange, and come to discuss the foreign exchange market.

[error08]

again:



we’re already in November and we’re at $ 12900, so there’s less than 80 days to see $ 20,000, I’m still waiting and funny that when paypal said that it will allow people to buy bitcoin using paypal I keep seeing images of rockets going to the moon and news like this:

Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall Street’

but why not wait for the first weeks after paypal executes this service to know the real effect it will have on the market? why run to make optimistic forecasts without any solid foundation? and to make matters worse it seems that John McAfee's prediction is already being a standard for some people, let's see:
~

I love this meme still waiting for $20K.
a lot can happen in a week, we are not yet in November but the price right now at $13,700, quite promising for a further leap over $14K and short dip to $13K.
is this occur because of PayPal? it's not just PayPal entering the crypto market, several institutional investors such as Microstrategy and others, seems like a snowball effect.
Personally, I'm not expecting bitcoin to reach $20K by the end of this year, but anything can happen in 2 months, so keep watching the movement and be ready to buy and sell at the right time.

[cr1776]

again:



we’re already in November and we’re at $ 12900, so there’s less than 80 days to see $ 20,000, I’m still waiting and funny that when paypal said that it will allow people to buy bitcoin using paypal I keep seeing images of rockets going to the moon and news like this:

Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall Street’

but why not wait for the first weeks after paypal executes this service to know the real effect it will have on the market? why run to make optimistic forecasts without any solid foundation? and to make matters worse it seems that John McAfee's prediction is already being a standard for some people, let's see:

Bitcoin price rise to $500k is inevitable, Winklevoss twins say

500k is inevitable?

I see this price as something extremely exaggerated, and I thought I wouldn't hear that price again

Let's just face it, Bloomberg is just guessing.  No one knows.  They want clicks and will publish articles to get them using just opinion.

The same type people who are doubting that it will hit $20000 were doubting that it would reach and then even maintain dollar parity. And then $10 and then $30 and then $100 and then $1000 etc. No one knows, but the last decade of experience should have taught people that bitcoin has great benefits and as more and more people realize it, the price will continue to rise.

[Lanatsa]

I love this meme still waiting for $20K.
a lot can happen in a week, we are not yet in November but the price right now at $13,700, quite promising for a further leap over $14K and short dip to $13K.
is this occur because of PayPal? it's not just PayPal entering the crypto market, several institutional investors such as Microstrategy and others, seems like a snowball effect.
Personally, I'm not expecting bitcoin to reach $20K by the end of this year, but anything can happen in 2 months, so keep watching the movement and be ready to buy and sell at the right time.

Don't know on why the hell people are way too impatient to look or reach that $20k stuff? Not to be bitter but its more preferred on this way where you can play out with
price volatility.You wont really be minding much if price can go into a certain point specially if you are doing active trades.

When it comes or do talks about reasons on such price increase then we know that majority is been talking about that Paypal thing but as mentioned there were
several factors that do add up into that.

2 months time is really just too short to consider on reaching out 20k usd price but who knows right?

[Karartma1]

again:



we’re already in November and we’re at $ 12900, so there’s less than 80 days to see $ 20,000, I’m still waiting and funny that when paypal said that it will allow people to buy bitcoin using paypal I keep seeing images of rockets going to the moon and news like this:

Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall Street’

but why not wait for the first weeks after paypal executes this service to know the real effect it will have on the market? why run to make optimistic forecasts without any solid foundation? and to make matters worse it seems that John McAfee's prediction is already being a standard for some people, let's see:

Bitcoin price rise to $500k is inevitable, Winklevoss twins say

500k is inevitable?

I see this price as something extremely exaggerated, and I thought I wouldn't hear that price again

Let's just face it, Bloomberg is just guessing.  No one knows.  They want clicks and will publish articles to get them using just opinion.

The same type people who are doubting that it will hit $20000 were doubting that it would reach and then even maintain dollar parity. And then $10 and then $30 and then $100 and then $1000 etc. No one knows, but the last decade of experience should have taught people that bitcoin has great benefits and as more and more people realize it, the price will continue to rise.

Yep, everybody is making wild bitcoin price guessing at this point. From an editorial point of you you are most certainly right considering that now bitcoin is the most important trend in financial news. Other than that, I have no crystal ball but I am completely certain 20k will be destroyed soon. It's just a matter of time (an no, we will not become all bones while waiting).

[Lanatsa]

Bitcoin crossing 14.7k and this is looking good to move upwards 15k levels as well.  If we continue at this pace and do not see any major huddle in coming weeks, then we may be somewhere close 18k atleast if not less for this year end closing. Though somehow, I feel on top price a major selling might start to happen and resulting in some correction happening but let us hope for best.

Its already on 15k level and still holding strong at the moment.If it would able to held up its price for more days or weeks then we can presume that we will be heading next in 16k.

$20k price isn't too far off and now to those people who had anticipated that 20k wont really happen in 2020 then better to think twice yet there might be a possibility before this year end.

Honestly, we are just too fast when it comes to movement but it isn't really that too far off to tell that we would able to reach or see 20k price once again which is really great.