Will Bitcoin Hit $20K in few weeks time?

[fairy_fries]

Do we expect Bitcoin to have a big comeback after its downfall on January and early Feb?
Coz many expected it Will hit $20K when New Year was coming last year, but as we witnessed, it disappointed many hodlers and unestors with its unfaithful fall, but now we see this bouncing back, and hopefully it Will continue to do so.

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[Cryptogid]

Yep! The prediction of bitcoin sky rocketing is here and working out itself to even greater heights, even to say that :it will exceed 20k..is very possible and real... Cos the rising of bitcoin has always beaten humans imagination..

[senin]

In a few weeks, bitcoin is unlikely to return to its previous record of $ 20,000. I think it will continue to grow more slowly, moving back periodically. However, in a few months, perhaps, he will achieve this course. Here, external factors will be of great importance and then whether it will be able to eliminate its shortcomings with scalability.

[acha1217]

I think for few weeks bitcoin can't reach $20.000 in price, because to reach $20.000 that need time arround 2-3 month and that's continued untill the price more than $20.000, lets we see together because not all forecast are accurate, remenber that's just forecast! We don't know what news will be come when the price reach $20.000. But usually will be come so many bad news and that will be make bitcoin price go down again.

[Fuhre]

it's very early to reach $ 20,000 most likely, a number with a high spike will cause something new to happen again. hot potatoes, I think everyone wants to quickly see the $ 20,000 figure. I think this figure is difficult for this week. It took us 2month to reach that number. I think this figure is better to increase slowly as the saying goes "better safe from harm"

[alia]

This is wholly my opinion (not based in any truth or fact whatsoever, nobody can predict the markets) - but I opine that the market is still in need of a very deep and painful cleansing. ICOs are still earning many millions with a weebly site and a shitty whitepaper. These gains came too easily, they have to be lost. I believe that the price of BTC will go sub-$6k at least once in 2018, if not much lower, before it proceeds upwards. $20k is not out of the question, but beware.

[Svafnir74]

Do we expect Bitcoin to have a big comeback after its downfall on January and early Feb?
Coz many expected it Will hit $20K when New Year was coming last year, but as we witnessed, it disappointed many hodlers and unestors with its unfaithful fall, but now we see this bouncing back, and hopefully it Will continue to do so.

Not only 20 thousand dollars, but even 40 thousand some analysts forecast by the end of 2018. By the way, I also think that the price of bitcoin will be within these limits.

[LoudA__]

Nothing is impossible since bitcoin has a lot of investors since the dump. Last year, the price pumps and reach close to $20K in just a month and now seeing the price at $10K, it will now continue gaoing back to the prediction of having an ATH at $20K and maybe $50K this year. Let's just be patient and HODL.

[Yakamoto]

Do we expect Bitcoin to have a big comeback after its downfall on January and early Feb?
Coz many expected it Will hit $20K when New Year was coming last year, but as we witnessed, it disappointed many hodlers and unestors with its unfaithful fall, but now we see this bouncing back, and hopefully it Will continue to do so.

I'm going to be betting against anything like a rise to $20k happening in a few months time, let alone a few weeks time. There's nothing that is going to kick it up that high without either some intensive manipulation or a lot of people falling for the meme and holding their Bitcoin and artificially restricting the supply, something that could happen but is unlikely to do so again.

A big thing with the last rise was that everyone and their mom was getting invested in Bitcoin, and that inflated the price. There's nothing to push it in that same way so, as I said, doubtful.

[amwer]

Once eyes shift back onto Bitcoin, I suspect its market dominance will increase from its current level all the way up to 50% again. At the current cryptocurrency market cap, that would put Bitcoin at $23,000.

[nullius]

This is wholly my opinion (not based in any truth or fact whatsoever, nobody can predict the markets) - but I opine that the market is still in need of a very deep and painful cleansing. ICOs are still earning many millions with a weebly site and a shitty whitepaper. These gains came too easily, they have to be lost. I believe that the price of BTC will go sub-$6k at least once in 2018, if not much lower, before it proceeds upwards. $20k is not out of the question, but beware.

Spot on about all the ICOs and other scams.  A “very deep and painful cleansing” may well be an understatement as to what will necessarily happen there.  But how much will that affect Bitcoin?  It seems to me that Bitcoin leads the market with all the “weeply site and a shitty whitepaper” stuff riding on its coattails; how much could collapse of the latter affect the former?

N.b. that I’m not a speculator.  I sometimes watch the market, but I don’t try to play it, nor do I have any desire to.  I actually have only a vague idea of what the BTC/fiat exchange rates may be at this particular moment; I usually look up the pertinent rate when I need to buy something denominated in fiat, and I don’t shop very much.  Thus, my opinion here may not be adequately well-informed.

[alia]

This is wholly my opinion (not based in any truth or fact whatsoever, nobody can predict the markets) - but I opine that the market is still in need of a very deep and painful cleansing. ICOs are still earning many millions with a weebly site and a shitty whitepaper. These gains came too easily, they have to be lost. I believe that the price of BTC will go sub-$6k at least once in 2018, if not much lower, before it proceeds upwards. $20k is not out of the question, but beware.

Spot on about all the ICOs and other scams.  A “very deep and painful cleansing” may well be an understatement as to what will necessarily happen there.  But how much will that affect Bitcoin?  It seems to me that Bitcoin leads the market with all the “weeply site and a shitty whitepaper” stuff riding on its coattails; how much could collapse of the latter affect the former?

N.b. that I’m not a speculator.  I sometimes watch the market, but I don’t try to play it, nor do I have any desire to.  I actually have only a vague idea of what the BTC/fiat exchange rates may be at this particular moment; I usually look up the pertinent rate when I need to buy something denominated in fiat, and I don’t shop very much.  Thus, my opinion here may not be adequately well-informed.

Usually the on-ramp to an ICO is BTC or ETH. To buy AliaCoin, you have to buy ETH, and sometimes to buy ETH, you have to buy BTC. The ICO thing is going to hit people hard. Sure, the BTC bubble may not have such a terrible crash - in fact, we may have already seen it happen - but it is undeniable that people are taking these gains for granted. "HODL", "BTFD", etc.: online sentiment shows that almost everyone thinks that BTC will always have an upward trajectory, and such optimism inevitably indicates a coming crash. Could be wrong entirely tho because bitcoin tends to defy all logic anyway

[Kemarit]

Do we expect Bitcoin to have a big comeback after its downfall on January and early Feb?
Coz many expected it Will hit $20K when New Year was coming last year, but as we witnessed, it disappointed many hodlers and unestors with its unfaithful fall, but now we see this bouncing back, and hopefully it Will continue to do so.

Of course. If you are going to look at bitcoin's previous history, what follows is all-time-high after a big crash. Just like what we have witness, which the price fell to 60%. So expect something big in the coming weeks or month. But we need to start baby steps, I would rather see bitcoin increasing in a steady manner as compare to what we have seen last December. Scary to see bitcoin dramatically rise to $19,000 and then followed by a big market crash. Let me say that it will take some time to see it get into the $20,000 barrier, so I wouldn't worry about it because eventually we are going to touch and even surpass it this year.

[Tukazzz]

Everything is possible. I hope what you think will come true. A trust for digital money enthusiasts.

[nullius]

Spot on about all the ICOs and other scams.  A “very deep and painful cleansing” may well be an understatement as to what will necessarily happen there.  But how much will that affect Bitcoin?  It seems to me that Bitcoin leads the market with all the “weeply site and a shitty whitepaper” stuff riding on its coattails; how much could collapse of the latter affect the former?

Usually the on-ramp to an ICO is BTC or ETH. To buy AliaCoin, you have to buy ETH, and sometimes to buy ETH, you have to buy BTC. The ICO thing is going to hit people hard. Sure, the BTC bubble may not have such a terrible crash - in fact, we may have already seen it happen - but it is undeniable that people are taking these gains for granted. "HODL", "BTFD", etc.: online sentiment shows that almost everyone thinks that BTC will always have an upward trajectory, and such optimism inevitably indicates a coming crash.

It would be interesting to know quantitatively what proportion of the fiat-to-BTC exchange is only an “onramp” to alts.  I expect the proportion to be relatively small, as indicated by relative market caps.  Also, I have no idea what the three-way price interactions would be across a fiat-BTC-alt transaction.

As for taking these gains for granted, well—there must be a limit somewhere, but I myself think we’re far from it.  Limited BTC supply, geometrically increasing demand, etc.  I do not think there is or has yet been a Bitcoin bubble.  I do think there are and will continue to be severe corrections along the way, as all the idiots who believe they can get rick quick buying BTC get sheared and shaken out of the market.  Small, temporally limited bubbles, if you will.  Long-term increase in demand then picks the price back up.

Could be wrong entirely tho because bitcoin tends to defy all logic anyway

No, Alia:  The only thing here which defies logic is how thrilling I suddenly find it to be holding a discussion amidst one of these torrential speculative threads in Bitcoin Discussion.

[Herbert2020]

online sentiment shows that almost everyone thinks that BTC will always have an upward trajectory, and such optimism inevitably indicates a coming crash.

the online sentiments are either too excited kids who got some big profit all of a sudden who are not wishing for the moon, or the shorters who are spreading a lot of FUD saying bitcoin is dropping. it doesn't show anything. in fact there may be enough of both of them to cancel each other out and wise people don't even care what "online sentiment" says.

besides it is not all optimism to say bitcoin, which has not yet reached mass adoption and is growing each year, will be on the rise in long term.

[krishnaverma]

Do we expect Bitcoin to have a big comeback after its downfall on January and early Feb?
Coz many expected it Will hit $20K when New Year was coming last year, but as we witnessed, it disappointed many hodlers and unestors with its unfaithful fall, but now we see this bouncing back, and hopefully it Will continue to do so.

$20000 will not be possible in few weeks. I see it happening in June or July this year if everything goes good. Personally, I am holding my bitcoin investments for 2-3 years.

[warning_btc]

Bitcoin can add +100 to their price in one month, wee see this already, one or two good news enough for this

[Saddam Bin Delowar]

Obviously, I think Bitcoin will Hit $20K in few weeks time. Bitcoin is much better to grow slowly than it grows faster.

[Bytem3]

It would be very unlikely. I think Bitcoin price can reach $15k by the end of the month but it's gonna stabilize around that price.