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Author Topic: Will we ever see 20k+ again?  (Read 1622 times)
rudito
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June 03, 2018, 03:47:26 PM
 #341

(I'm all-in in Bitcoin for the record) I don't want to be a pessimist but I'm kinda going in to that direction.

We all know crypto bled quite bad the past week. Because of bunch of government issues, futures contacts, unconfirmed transactions and what not... We all also know that Bitcoin is neither the fastest nor the safest crpto currency out. The 3rd generation coins are way more in demand and people are in talks of the 4th generation. I'm wondering if BTC will ever see the light of day.

Tether deposited another 400 million USD to BTC, and it's said this is the reason BTC had an upward movement. However, my perspective is a bit blurred and I can't help myself but get more pessimistic about it.


When Bitcoin was around 18k, the only thing that was talked was whether it was the biggest bubble in history or not and (if it is) when it's going to burst. Now that it went up to 20k and went back down to 9k, it looks more of a bubble than not.

I'd like to hear what forum people say.

Be patient in your beliefs, and you will see bitcoin at the price of 20k. Currently the market is unstable and but in the future it will definitely improve, bitcoin will surely increase to 20k and even exceed it.
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Freegan
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June 04, 2018, 10:46:44 PM
 #342

Of course the price will return to $20,000, and perhaps much further. However, we must be aware that there are many economic interests now involved in the bitcoin market since big capital has come to speculate with its price. But also keep in mind that a market as aggressively bullish as was observed in 2017 was something truly exceptional, compared to what was observed in previous years, so a possible recovery in the price of bitcoin could take several weeks, months or even years.

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June 05, 2018, 07:17:11 AM
 #343

Of course it will, it is given that the value of bitcoin will rise abd rise as time pass by in the long run. The casual drops of it currently are just in the volatility of it which is in its nature not to mention because of its gaining populariry attracting more investors. For it to reach $20k again at this year, I don't know but it is very possible but still we have to consider its unpredictability.
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June 06, 2018, 06:49:24 AM
 #344

I think we can, but we need to have patience to see this moment because it will not happen in the near future
20k dollar is nothing for the Bitcoin because we know that this coin has a lot of potential and can lead us to the highest possible market. Bitcoin market will soon uplift in the upcoming days and this is saying by the demand supply rate which is increasing these days that is why a constant increase is observing in the market price. If this constant price continues then the market will soon shift to the high market.

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June 06, 2018, 06:55:27 AM
 #345

Give it time. The next halving might not be enough to push it sustainably beyond $20k but imagine when the next 2 halving seasons come. BTC's gonna be so scarce it's price would be really really high.


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Ewinsane
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June 06, 2018, 09:49:34 AM
 #346

Of course the price will return to $20,000, and perhaps much further. However, we must be aware that there are many economic interests now involved in the bitcoin market since big capital has come to speculate with its price. But also keep in mind that a market as aggressively bullish as was observed in 2017 was something truly exceptional, compared to what was observed in previous years, so a possible recovery in the price of bitcoin could take several weeks, months or even years.
I am also preaching this thing everywhere that we simply need to be patient with bitcoin, nothing else. This is not for the first time that market is going through some hard dump. I am sure that bitcoin is going to rule our hearts again by the end of the year just the way it did last year. We are not supposed to distrust it in any way if we had enjoyed massive incomes with it last year. All is going to be okay soon.

                                       
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June 06, 2018, 08:34:34 PM
 #347

Bitcoin at least has risen in price from $ 7.100 to $ 7.626 in the last two days. Digital currency has shown its ability this month, although it has faced some drastic setbacks, over regulatory incidents some time ago. However, bitcoin prices will not touch $ 20,000 this month but maybe in November or December to come.
  We know that the Bitcoin is responsive towards us and we should invest in it so as to get benefit of it, similarly if more people demand for it then the value will go on increasing. We will see the rise again which is depending upon us, same is happening in the market these days as more people are investing in the market because the price is achievable and the market is low.

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June 06, 2018, 09:15:48 PM
 #348

Of course we will, sure thing $20k isn't the highest price of btc. Although if you think $20k is a lot of money but if you're going to think that it's the highest of btc, it's kinda low. If not this year maybe in the next two years were gonna see it again.
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June 06, 2018, 11:58:51 PM
 #349

I think yep we can see at the end of year, because if we predict price with technique analysis, we can see more price than at the price of the previous year.
Yes that is right, no doubt about it to see 20K again, i think that we will see the price again before ending 2018, and hopefully 2018 will be the more good year for bitcoin than 2017, because still most of the people are too much interested to invest money in bitcoin, and still more and more people are getting knowledge about bitcoin.

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June 15, 2018, 04:01:53 AM
 #350

Here's to hoping this was the bottom and we're headed back for a strong recovery.  With the recent announcements from the SEC it would be nice to see some strength return to the market.

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