[WE DID IT! IT is 20k!!!] We are still not in a bubble! 20k$ is INCOMING!

[mindrust]

1btc=$20k!

16.12.17

Hey yo, check this out:

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We are not in a bubble unless we touch 20k$/piece in the near future!!! (like in 2-3 months) Spread the news!!

It is a healthy growth and a bull run. This also means if things get out of hand, 20k$ is near.

That analysis was made 11 days ago.

Now check my graph:



Hype is just starting! When it ends, 20k$$$$!!!

Updates:

From reddit:


Today's topic: https://www.reddit.com/r/Bitcoin/comments/7eo9rq/interesting_to_see_how_accurate_this_2014_price/

It seems somebody made a similar simulation in 2014 too!

Btw that guess is not mine originally. I linked the original source in my op. I just think that it is a very high possibility to become real.

Over $9000 boois!

Next stage is Super Saiyan and much more till Ultra Instinct  

26.11.17

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[sweetdesirez]

Nothing can be taken for granted in this universe. Yes, speculation suggest that Bitcoin price will ht 20K soon, but then there are some other factors which can just hinder the steep rise. Afraid, if the Governments start to interfere in blockchain and take control one day.

[Idrisu]

We would be in bubble if we touch 50k to me. Bitcoin enemy are make fake price clash predictions on economic section. But I can till you that before the end of this month bitcoin is going to touch $3000 and we are still at the accumulation stage compared to what will happen in days to come.

[Noctis Connor]

I think this may happens by end of the year or not unless other country will pumped the price of bitcoin in to price of $5000 and surprize dumped will happen what do you think? I think there still dump will be encounter i don't even know when or what exact month it will happen if the bitcoin price touch $3000 time to sell my coins.

[secretservice]

Not so fast, it's a very short period for such a rise. But crypto always surprises us, let's see what happens. I wonder when the capital invested in alts will come back to Bitcoin. The price will certainly rise significantly.

[Catmony]

We are not in a bubble unless we touch 20k$/piece in the near future!!! (like in 2-3 months) Spread the news!!

I don't think $20k is possible in this short term bull run. I am also quite sure that this is not just another bubble but whenever there is big pump many traders will start to pull out some profit that makes some correction. And I am actually waiting for that correction to buy more.

[mindrust]

We are not in a bubble unless we touch 20k$/piece in the near future!!! (like in 2-3 months) Spread the news!!

I don't think $20k is possible in this short term bull run. I am also quite sure that this is not just another bubble but whenever there is big pump many traders will start to pull out some profit that makes some correction. And I am actually waiting for that correction to buy more.

You don't get it. It is not about possibility. The dude who created this graph makes sense perfectly. Have you checked the graph?

20k$ of course doesn't make sense, that's what make it a BUBBLE yo! You don't believe 20k$ but you find bitcoin's pump from 1k$ to 3k$ perfectly logical?

1k$ was a bubble in 2013 and according to his algo 20k$ of next months (end of July) will have the same effect of 1k$ from 2013.

I'm telling you the ultimate sell move so you can collect you coins back from the bottom.

[ktabb]

Hey yo, check this out:

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We are not in a bubble unless we touch 20k$/piece in the near future!!! (like in 2-3 months) Spread the news!!

It is a healthy growth and a bull run. This also means if things get out of hand, 20k$ is near.

That analysis was made 11 days ago.

Now check my graph:



Hype is just starting! When it ends, 20k$$$$!!!

***can a mod move this to speculation, i made a mistake***

People can draw lines on a chart to create "technical indicators" of whatever type of price movement they want. I could draw a chart that suggests it will tank and looks just as convincing as this one. There is no doubt whatsoever that we are in, or at least entering, a bubble. Bitcoin hype is so high that it is impossible for it to not be the case that investors will overbuy it. It is inevitable. Any asset with this much hype and frenzy buying must necessarily form a bubble. It's just investor psychology. While bitcoin is becoming more valuable, it is not increasing in value nearly as fast as its price is rising. $20k would indicate an even greater exponential growth than we are seeing, and therefore an even bigger crash WHEN it does crash.

[BitHodler]

Nice story here, but why would one coin cost $20k?

The chance that some other alt coins will increase heavily is unlike higher than bitcoin will go to $20k.

Also, would there be still Fiat money left if a coin costs $20K?

Why? Increasing global demand. Bitcoin is nothing more than a tiny dot right now. Just look at what this little bit of attention has done to the price.

Imagine how the market will look after several years of experiencing growth on a global level. I can definitely see the price reach $10,000 within 5 years, and $20,000 within 10 years.

Other than that, I don't really understand your point ~ why wouldn't there be any fiat left? $20,000 is just over 8 times the value of 1BTC right now.

[babymoney]

Bit coin is something that you want to hold for the future. There is no doubt that bit coins price will continue rising with more and more institutions adopting bit coin.  Demand is only going to increase in the foreseeable future.

[layoutph]

Ok lets say we are at the peak of that Bubble, whats the best way to preserve that Bitcoin value? Sell it to dollars? Or Buy altcoin? And what altcoin? Some say the peak of Bubble is 5K-10K. Where did you get that 20K?

[mindrust]

Ok lets say we are at the peak of that Bubble, whats the best way to preserve that Bitcoin value? Sell it to dollars? Or Buy altcoin?[/b]

Dollars. Bubble hits all the cryptos. Check eth/usd and btc/usd (biggest 2 cryptos) of the last 24H. They have exactly the same pattern. When a bubble starts to pop, all cryptos will have their fair share.

Where did you get that 20K?

If you weren't a lazy shit poster you would have clicked the link i posted, examined it, and understood it, but instead, you post shit without even reading the first post in the thread.

[layoutph]

Haha relax dude, dont call me shit.  And dont get mad, do you have menstration?
$20K sounds good. Your graph is kinda convincing. And theres a possibility it might happen very soon.

Ok lets say we are at the peak of that Bubble, whats the best way to preserve that Bitcoin value? Sell it to dollars? Or Buy altcoin?[/b]

Dollars. Bubble hits all the cryptos. Check eth/usd and btc/usd (biggest 2 cryptos) of the last 24H. They have exactly the same pattern. When a bubble starts to pop, all cryptos will have their fair share.

Where did you get that 20K?

If you weren't a lazy shit poster you would have clicked the link i posted, examined it, and understood it, but instead, you post shit without even reading the first post in the thread.

[theunbeatable]

Nothing can be taken for granted in this universe. Yes, speculation suggest that Bitcoin price will ht 20K soon, but then there are some other factors which can just hinder the steep rise. Afraid, if the Governments start to interfere in blockchain and take control one day.

True. I think what we have here is just a speculation based on the past events, but it won't always work that way, it is not about only getting up. It would be more convincing if we can solve it mathematically (formula of appreciation, engineering economics), but because there are so many factors to consider (like people's change of heart in decisions that is mathematically impossible to solve), we just have a speculation. Well my prediction on BTC in the next two years will be 10k $ but still 20k might be in the four years or so. Everyone became so excited in the last price hike that lead to them that BTC will grow up to 1million$. Still time can only tell.

[mattinzane@comcast.net]

Here's how you know that there is a bubble in crypto, when you go to a party and everyone is takling about how much money they are making in cryptocurrencies, then sell all of your coins and go on vacation for a few months. Just like the stock market bubble when everyone was making so much money in stocks, then it crashed and they all lost their money. Or the housing bubble when strippers and plumbers had 3 houses each and were making sooo much money, when this happens there is no one left to buy. Nobody I know
has any idea about crypto, except that they heard about bitcoin. This market is currently valued at 68 Billion dollars worldwide, by comparison the stock markets worldwide total 70 Trillion dollars. If crypto rises to even 1% of stocks it would be hundreds of billions of dollars, this market has a lot of room to run over the next few years.

[Yanisumin]

Bitcoins price reached an all-time high of over $2,500 on the 25th of May, a very promising price and many people are still holding their BTC because they thought that it will reach 5000$ to 20000$. This is highly probable because of the increased demand and the adoption of some countries to bitcoins making it legally accepted as a way of payment, that means people will start buying it especially in the first world countries to have a more secure transactions (medium and cash to buy is not really a problem in the first world). 20000 is coming of course but I think in the next 3 years because as we can see the price is going low again (up and down Inna scale of more than 20%). What we can do right now is work hard to be able to earn more BTC, the. We will be at ease when the price go to 1 million $.

[angaper]

It is very easy to draw some lines in a chart to justify our high expectations, but the technical analysis tools are still too imprecise to foresee the long-term behavior of markets that using the same chart some other analyst can predict an imminent crash.

Because out of this poor analysis, I can't see realistic arguments to think that this current rally is really sustainable, and sufficiently strong to send the bitcoin price to $20,000 in next days.

[darthmaul]

Thats really looks like too off the record hype. Cant imaging bitcoins rising that high in such short period of time. Though bitcoin had pump of double throughout the night but it doesn't mean it will rise all the way upto 20K $ by any means. There are so many protocols that developers still solving and that is restricting bitcoins being raised to that much value. I think we have to wait for long until that day comes. Be patient don't make fuzz so soon. Lol.

[freebutcaged]

So we should wait one more day and then the journey starts right? I'm not stupid to buy Bitcoin at $20,000 while I could potentially mine for much cheaper prices.

Checkout the halving schedules and estimate the average difficulty increases over time, compare the past difficulty with the past prices in the market.

Calculate how much will the price be, I've done it already and it's not $20K. you are admitting if price goes up that much then it's a bubble so why should we enter in such dangerous market?

I'd say it's safer if we just start buying now while price is low and sell when bubble started to grow up to $5K+ levels.

[European Central Bank]

i hope this doesn't happen because the fall will monstrous and the hangover will last for what feels like forever. too many people would get burned for it to be looked back on as anything other than a major setback.