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

[angaper]

No matter how good a person is in reading charts, even explaining all the lines, indicators or whatever method they applied, still it's not a strong basis for price to reach the $20,000, and I doubt even at $10,000 it will struggle.

Bitcoin price can't always be predict if it's all about trading lines, those lines shows the past movement and "possible" moves in the future. What is the cause of that movement must consider. The obvious thing to happen while bitcoin is progressing, there will be some issues that will meet in the road. Whether it's good or bad, it will surely give impact to the price, donwtrend or uptrend.

Your post is so typical. You should find some posts from 2013 and previous years and you'll see people were writing the same exact thing, but with different numbers.
If instead of $20000 and 10000 you put 2000 and 1000, that would place your post somewhere in the early 2013.

Of course, events will impact prices, nothing new, but $10000 is very probable with the current state of affairs. 

This altcoin economy is so new to the global economy that it is difficult to predict how far the price can go, but taking into account that this is just beginning and the market is still small compared to other markets, there is still a lot of room for expansion so a scenario of $20,000 does not seem so impossible in the medium term.

It is true that there is a lot of irrationality in pushing the price so high in such a short period of time, but it is well known that in every market there is always a high dose of emotionality, and this altcoin market will never be the exception because there are real human beings behind every buy or sell decision.

[DoomDumas]

Since BTC stalls at 300 for a while, I'm sure that it will be over 12k before 2018.  Each time I tought someting like that, BTC got much higher than I tought, so 20k before 2018 is reallity in my mind.  I may sell some fraction around 20k to buy back on the correction to 10k.. then it may stall again for a year or two in the 8k to 12k range, rinse and repeat !

[DoomDumas]

Remember, there will never be more than 21 millions of those.. kinda scarce stuff, compared to human count !

[KennyR]

Who said it's a bubble? The normal popularity of bitcoin is increasing and I agree with this

all it needs is more buyers than sellers.

To make it possible the price of bitcoin reach $20k soon we need more investors that will generate profit to the old investors and the cycle goes one.

More investors are required to make the price reach big. In reality we can expect more Countries participation into bitcoin. Already Japan has made its entry and now Australia is expected to come into the bitcoin acceptance. Also more experienced people of cryptocurrencies have predicted that the price will go high as $50000. Hope this comes to reality.

[PokerFace3]

Who said it's a bubble? The normal popularity of bitcoin is increasing and I agree with this

all it needs is more buyers than sellers.

To make it possible the price of bitcoin reach $20k soon we need more investors that will generate profit to the old investors and the cycle goes one.

More investors are required to make the price reach big. In reality we can expect more Countries participation into bitcoin. Already Japan has made its entry and now Australia is expected to come into the bitcoin acceptance. Also more experienced people of cryptocurrencies have predicted that the price will go high as $50000. Hope this comes to reality.

I believe more number of investors is easily possible than the need of big investors  
When bitcoin is attaining big price levels, we can be sure that more people will be interested for adopting bitcoins for any reasons similarly we can expect countries to join the club of where Japan is already enjoying.

I just want to second the possibilities of $50k, yes definitely it is simply possible over the course of time as new high prices will be supporting bringing new investors.

[batang_bitcoin]

Remember, there will never be more than 21 millions of those.. kinda scarce stuff, compared to human count !

Yes scarcity will make bitcoin's price to reach it's high potential. And in that way, it's going to be hard to get bitcoin and each satoshi will be having good value to all of us. So I will keep on holding because I believe that the price of bitcoin will be reach this amount but not for now maybe for the next years.

[Wekkel]

Looking at certain historical metrics, it seems we are not even close to hysteric bubble proportions. But 2017 is still young.... 

[richardsNY]

Remember, there will never be more than 21 millions of those.. kinda scarce stuff, compared to human count !

Yes scarcity will make bitcoin's price to reach it's high potential. And in that way, it's going to be hard to get bitcoin and each satoshi will be having good value to all of us. So I will keep on holding because I believe that the price of bitcoin will be reach this amount but not for now maybe for the next years.

There is no real scarcity when it comes to Bitcoin. People shouldn't focus on the coin cap of 21 million -- don't forget that 1 BTC is the same as 100,000,000 satoshi's. If you switch to mBTC, or even Bits, you'll understand that there are enough coins/units left in the market to nurse the demand for many many more years. By the time Bitcoin reaches an insane amount as value, exchanges will switch mBTC by default, while it's just an optional change right now.

[mindrust]

Remember, there will never be more than 21 millions of those.. kinda scarce stuff, compared to human count !

Yes scarcity will make bitcoin's price to reach it's high potential. And in that way, it's going to be hard to get bitcoin and each satoshi will be having good value to all of us. So I will keep on holding because I believe that the price of bitcoin will be reach this amount but not for now maybe for the next years.

There is no real scarcity when it comes to Bitcoin. People shouldn't focus on the coin cap of 21 million -- don't forget that 1 BTC is the same as 100,000,000 satoshi's. If you switch to mBTC, or even Bits, you'll understand that there are enough coins/units left in the market to nurse the demand for many many more years. By the time Bitcoin reaches an insane amount as value, exchanges will switch mBTC by default, while it's just an optional change right now.

Actually anything less than 0.001 (maybe even 0.01) is nearly worthless right now because the only option you can pass them to another person is the off chain one. The transaction fees became insanely high.

I just checked on electrum and if i had to send 0.001btc from my wallet, i had to pay 76ksatoshi as a fee. (default lowest, not manually set) That's fucking insane and makes that transaction completely useless.

There isn't enough bitcoins for everyone, till we get segwit activated.  

[BitcoinPanther]

Who said it's a bubble? The normal popularity of bitcoin is increasing and I agree with this

all it needs is more buyers than sellers.

To make it possible the price of bitcoin reach $20k soon we need more investors that will generate profit to the old investors and the cycle goes one.

These needed investors will be provided by countries that will accept Bitcoin as money.  We got one that produces lots of investors and that is Japan, next would probably Australia, just a month from now we can see another boost on bitcoin adoption.  Though I thought Russia would be next in line but sad they are thinking to create their own digital currency but well I am positive on this since this will also give demand to bitcoin.

[batang_bitcoin]

Remember, there will never be more than 21 millions of those.. kinda scarce stuff, compared to human count !

Yes scarcity will make bitcoin's price to reach it's high potential. And in that way, it's going to be hard to get bitcoin and each satoshi will be having good value to all of us. So I will keep on holding because I believe that the price of bitcoin will be reach this amount but not for now maybe for the next years.

There is no real scarcity when it comes to Bitcoin. People shouldn't focus on the coin cap of 21 million -- don't forget that 1 BTC is the same as 100,000,000 satoshi's. If you switch to mBTC, or even Bits, you'll understand that there are enough coins/units left in the market to nurse the demand for many many more years. By the time Bitcoin reaches an insane amount as value, exchanges will switch mBTC by default, while it's just an optional change right now.

Well majority mostly focused with whole BTC and thanks for reminding me anyway that there is still divided portion for bitcoin and there are the smaller units. That only means that every single bits by that time will be mostly important. And if that happens also, the fees will be a burden to us as if we don't want those fees soon.

[JL421]

20k is really lot , it's not yoir fault either many people and investors have started expecting too much from bitcoin when it isn't the correct time. I'm not saying bitcoin can never reach 20k it surely has a really good potential on reaching 20k but now is surely not that time for it. A target like 4k would surely sound better

[Odalv]

With Sidechains, $20 / milibitcoin (100 000 Satoshis) is very low price.

[wxa7115]

I can't believe every single person in this topic just didn't get the main idea I stated in the OP. Maybe it was my fault, i just couldn't describe it.

Main Idea 1: The price what we have now is far from being a bubble. So it is perfectly safe to buy between 1.5k$-2.5k$range.

Main Idea 2: The recent pump (2.8k$) we had has a chance to trigger a major buy mania (take a look at the pink line again)  which will have a similar effect what we had with Gox and that bubble will have the top price of 20k$ if it happens in the next 3-4 months. This expectation is not certainty. It is a possibility.

The dude who created this assumes that bitcoin is following a pattern "bull, hype, bear," and all he does is wondering about if we will be in a hype phase again.

Main Idea 3: He already predicts that bitcoin will be at 5k$ price range in 2020 if nothing extreme happens.

Please post after you examine the graph and the notes beneath it.

1. So you are trying to say that a rise in price of 1,200% in 2 years is not a bubble? Has the intrinsic value of bitcoin risen by 1,200%? (hint: the answer is no) As a result, this is indisputably a bubble. It is absolutely not "safe" to buy bitcoin now, or really any time.

2. The recent pump to $2.8k WAS a buying mania! That was absolutely insane, billions were added and removed to the bitcoin market in a single day. That being said, there is still room for it to hit new highs before it crashes down to an appropriate and reasonable price far below where it is now.

3. This is reasonable, but it definitely will be a bumpy ride there.

I disagree, you are assuming that the value of bitcoin is what the market is deciding, bitcoin even at the current price is undervalued, this is nothing but a correction of that, bitcoin is going to be worth a lot more than that because it is worth it, this is not a bubble.

[ophyrim]

Who said it's a bubble? The normal popularity of bitcoin is increasing and I agree with this

all it needs is more buyers than sellers.

To make it possible the price of bitcoin reach $20k soon we need more investors that will generate profit to the old investors and the cycle goes one.

Yea you are right more investors means more money and rise of the price. But how do you think new investors will invest their money in bitcoin? Of course, if new money enters to the bitcoin market, the price obviously will rise. And when the price is relatively high... no new investors and no money entry....

We need the increase of use of bitcoin and also popularity. This will bring the increase of bitcoin's preciousness and then rise of the price.

[ktabb]

I can't believe every single person in this topic just didn't get the main idea I stated in the OP. Maybe it was my fault, i just couldn't describe it.

Main Idea 1: The price what we have now is far from being a bubble. So it is perfectly safe to buy between 1.5k$-2.5k$range.

Main Idea 2: The recent pump (2.8k$) we had has a chance to trigger a major buy mania (take a look at the pink line again)  which will have a similar effect what we had with Gox and that bubble will have the top price of 20k$ if it happens in the next 3-4 months. This expectation is not certainty. It is a possibility.

The dude who created this assumes that bitcoin is following a pattern "bull, hype, bear," and all he does is wondering about if we will be in a hype phase again.

Main Idea 3: He already predicts that bitcoin will be at 5k$ price range in 2020 if nothing extreme happens.

Please post after you examine the graph and the notes beneath it.

1. So you are trying to say that a rise in price of 1,200% in 2 years is not a bubble? Has the intrinsic value of bitcoin risen by 1,200%? (hint: the answer is no) As a result, this is indisputably a bubble. It is absolutely not "safe" to buy bitcoin now, or really any time.

2. The recent pump to $2.8k WAS a buying mania! That was absolutely insane, billions were added and removed to the bitcoin market in a single day. That being said, there is still room for it to hit new highs before it crashes down to an appropriate and reasonable price far below where it is now.

3. This is reasonable, but it definitely will be a bumpy ride there.

I disagree, you are assuming that the value of bitcoin is what the market is deciding, bitcoin even at the current price is undervalued, this is nothing but a correction of that, bitcoin is going to be worth a lot more than that because it is worth it, this is not a bubble.

I'll refer you to my last comment on page 3. Also I'm not sure where you got the idea that I'm saying the value of bitcoin is what the market is deciding... I've been saying the exact opposite of that. I've been saying that the market is assigning a price to bitcoin that absolutely does not reflect its value. If you think bitcoin is worth so much, then please explain why?

The rise in price is not a correction, in fact it is the opposite. The fall we saw from $2800 to ~$2200 was a minor, partial correction. Once again, refer to my last comment on page 3 for an explanation why.

[passwordnow]

20k is really lot , it's not yoir fault either many people and investors have started expecting too much from bitcoin when it isn't the correct time. I'm not saying bitcoin can never reach 20k it surely has a really good potential on reaching 20k but now is surely not that time for it. A target like 4k would surely sound better

It's a lot and it's in the middle of exaggerated and possible speculation. Once we are able to be good at $5k or above that will be the start of 5 digit valued virtual soon. I will keep on holding no matter what but I will still have time to use it for sometime.

[cryp24x]

I so wish that bitcoin will reach 20k usd, but I think it wont happen anytime soon.  Probably it needs another 2 years or halving before it happens.  I am very positive because Japan and Australia already accepted bitcoin and I believe more country will follow their lead which can result to Bitcoin FEVER and price will certainly increase exponentially.

[Yanisumin]

bitcoin is never reach 20k dollar if only 2-3 month
maybe 5 year again after halving bitcoin price can reach 5000 - 10k dollar, not 20k dollar

That is right, and it did not even touch $3000 yet, we are still so far away. How can you say that it will reach $20K when the time it reaches $2500 it dump because of the price correction? We can't make such prediction yet, that price is so exaggerated.

Good point. Price is being so exaggerated ( low price and high price ), and leaded to panic selling. Yeah we get the point that BTC is being popular and the people who uses it is increasing tremendously. What I'm trying to say is I hope before we reach this prices (10K to 1 million), I'm hoping that we fixed some really expensive fees and a week pending of transactions. Economists predicted that BTC price will be at least 10k dollars in the next few years which I think is true, but 20k is a little off. Well it's a digital world so whatever may happen will happen.

[Silberman]

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$$$$!!!

Well, anyone thinking this is a bubble is mistaken, bitcoin is having real growth in price that is derived from its utility, the bad economic shape most world economies have and also that people are finally starting to believe in bitcoin, it seems people are finally accepting the fact bitcoin is not going to disappear overnight and they are going to lose all their money.