Bitcoin at USD20,000

[Tonestra]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

[1715095851]

1715095851

[1715095851]

1715095851

[1715095851]

1715095851

[Erelas]

I wish I knew the answer to that question, and then had the power to make it happen (within ethical means, of course).

Seems like there is too much profit taking right now, maybe by the second quarter?

[First77]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

Today Bitcoin is at $11,000. When the buying stops, the killing will too.

If you buy Bitcoin at $1,000 after the price falls, you get/save $10,000. That's profit.

When Bitcoin goes $1,000 to $2,000, you get $1,000 profit.

[Tonestra]

In my own view, we need many big players like hedge funds to get involved. Also spreading less FUD can be helpful also.

[neo444]

Me too for very long time i search the response to that question

[ManaMan]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

We can slowly see that we are getting out of the market correction which happened due to ATHs went so fast. It is possible to hit it again I mean you never know how situation will unfold, other thing is that I do not think it will happen but it is still possible.

[BingoDog]

The end of first quarter is close, only a short time away, so I don't think the bitcoin price will reach 20000$.
I'm not saying it's impossibe but I'm more keen to theory that bitcoin price will stay somwhere between 11000$ or 15000$ at max. And it's very hard to predict what will influence the price, market has its own behaviour model and I don't think that politics can significantly influence on it.

[civiszero]

Anything is possible in the cryptomarket, look how fast btc went up from 2.5 k like it was yesterday.
So many swing traders got rekt trying to time the market

[plaintiff77]

Last year december bitcoin value reaches $20k not only in a short period of time,However bitcoin price is volatile so maybe for now it drops but still i really believe that by the end of this year bitcoin will still rise and reaches $20k so its better to save bitcoin now and sell it when the value reaches $20k again.

[brickafterbrickwalldpt]

More and more countries and people seem to become interested in Bitcoin which will eventually lead to its price grow. Bitcoin is slowly getting better, soon it should be able to handle thousands of transaction per second thank to the Lightning Network. SegWit was activited a few months ago and that's when price increases started. It's interesting because there were many people who were against SegWit, a lot of people sold their BTC before the 1 August (the date of SegWit activation). Bitcoin stopped growing due to extremely high fees which are now really low.

[jhache]

Political decisions can play a very important role in pushing the Bitcoin prices to the said heights. If countries embrace bitcoin and legalize its usage, its market value will be increased as more people will have the opportunity to fearlessly venture into bitcoins. Its the political issues are a major contributor to bitcoins valuation

[dado7]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

Technically - the improvement of scalability through the lightning network, improvement of network usability through the adoption of smart contracts and improvement of security through SegWit2x.
Economics and marketing - the adoption that will follow up after the technical issues will be solved (or at least improved).

[shata]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

We cannot predict the exact time where bitcoin will stock up into 20,000 USD. But its because of the demand and the active users and sellers of bitcoin. If they really tried to get involved in bitcoin, It will increase. It is just depended on the supply, demand and the fluctuations of it.

[SuperD007]

I think $20k would be very achievable this year, as we all know already it doesn't really take that much time. With the the bankers and traders getting in on the action now u can almost guarantee that there will be large-scale manipulation going on... even worse when u consider the fact that Circle bought Poloniex (Circle is backed by Goldman Sachs) So market manipulation is inevitable..... $20k is very likely... ending the year at $40+ I think is also a possibility...but who knows...right now, ANYTHING is possible..

[Davidbugs2]

It doesnt look to go cross 20K in the first quarter, but it may go cross 20K in the end of second quarter.

[Kildin11]

20,000 dollars is real, but only in a crypto-currency winter. But spring is coming soon and we are waiting for growth!

[simple999]

it is unlikely he will rise to 20, has little faith, although it may be by the end of summer!

[Bolt Brownie]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

Well in terms of regulation, I think that if more countries start accepting bitcoin as legal tender, like Japan, Switzerland, and now Germany, it will help adoption, because merchants will have more incentives to use it. Since in terms of development, bitcoin is getting better, all we need are good tax regulations, so that it's adoption increases.

If adoption kicks in, and big names like amazon move into crypto, we will see a huge boom in it's price, like we saw in 2017. There is a chance that these thing take time, and that we will see a hole year of consolidation where nothing happens. Let's not forget the halve in 2020, so that could work as a catalyst as well. Not really worried about that though. We had plenty of periods lie this, where people thought bitcoin was "dying", and then we had the 2017 boost.

[v_Harley]

At the end of the second quarter, the first quarter is almost over, but the price of BTC has not gone up, so I don't think it will go up in the short term.

[Bayoe_noe]

What are the economic and political dynamics that can positively drive bitcoin price  to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?

I think bitcoin will reach $ 20k in the middle of the year. then the price will come back down and stable. and after that will come back up at the end of the year...