Bitcoin will never reach 20,000 again

[tabas]

HODL method is just what it is...

I can say that HODLING gave great return when it reached the peak so why just forget that HODLING is simply the best. If you think that bitcoin will never reach $20,000 again, you probably sold some at the bottom?

[tylerderden]

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth.  The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

Yup buddy you are absolutely right 😑 in the past year's start I was having 3 bitcoin and those were about 90k INR and in the end when bitcoin was at its highest those 90k INR were about 4200k INR........ You can see in this example that holding method is shit and day trading is the real deal, but in fact if you take a single wrong step in day trading then you would probably be left with melons so best strategy is ofcourse holding, but trading is actually pretty good for some people with luck as I have seen people who have made a fortune while trading.

[Btc_1856]

Chances of increasing the price is high but for that we need to have lot patience. Already the price is kept decreasing in the market but we need to have lot of patience because bitcoin price will not increase very fastly.

[Harlot]

Do you have any evidence supporting your claim? 5-10% gain is not bad but I don't think a whale will be satisfied with just about that. I mean look at the price rally last year from 1,000$ to 20,000$ it simply tells us how whales have the ability to move the market in a short period of time. The decrease you are seeing now is how they buy and accumulate more Bitcoin at a cheaper price. Even us small players benefit from it. 20,000$ now looks like a big number but if we break pass it, it will just be another number that Bitcoin has achieve reaching.

[nightfury]

Who knows that bitcoin will rise again drastically before this year ends. As we know it, bitcoin is full surprises, volatile, dominant, and mainstream that can lead to a high increase of demand of people. But i wouldn't be surprise anymore if bitcoin will reach or exceed more than 20,000$ this year.

[dewi91]

Bitcoin Will reach $ 20k again because still many people interested and buy bitcoin as a Investment, they are still assume that bitcoin is promising Investment. Nowaday some of country try to accept bitcoin and As long as enthusiasts of bitcoin are continue to grow, the price of bitcoin also will continue to increase.

[NeuroticFish]

After MtGox Bitcoin dropped, then dropped more, and more ... people said back then the Bitcoin will never reach 1200$ again. Well, it did and even surpassed 19000$.
Now we had another bad episode in December and it looks like the history will repeat itself. This would mean much higher levels than 20000$.
I still believe that right now the market is strong enough to pass this moment, meaning that we will not go too low before the next growth.

Too many just wait the right moment to post against Bitcoin. There are far too many "bitcoin doomsday" posts. People, use your brain and think why this blatant manipulation is attempted.

[TERA2]

Here is how an EW analyst might see the future.  (abc would be longer time but I couldn't fit on chart).  I could try to rationalize the peak with something like  ' all governemnts ban btc once it is big enough to pose an actual threat to fiat currency' or 'catastrophic protocol failure or unresolvable scalability issue', 'world financial meltdown / wars' or simply 'competition from something better'.

[poshat]

I think YES, because bitcoin is very old currency with many downside. So many new cryptocurrencies and crypto technologies more, more better and interesting.

[terrific]

I think YES, because bitcoin is very old currency with many downside.

So what if bitcoin is very old? it's the prime currency of all so what do you think about fiat? It has a lot of downside too.

So many new cryptocurrencies and crypto technologies more, more better and interesting.

Yes so many new cryptocurrencies that are totally useless and just came out from the idea of bitcoin.
It's better to consolidate and everyone just invest to prime crypto which is bitcoin.

[Cacingkemi]

I think so BTC will reach 20K anymore,if whales take 5 to 10 percent profit then BTC will not survive in 10K place will definitely go down further drop cause whales can lower market price.Currently the whales are not moving on BTC or any other ALT they are staying for a surprise attack this year.

[denny27]

Slow movements to the higher direction, it's more showing that today., there're more traders than investors.
It will be reached again or not, I'm sure most people are still many who expect the price can go back to 20k. From many predictions it can't be sure that it will reach it or not, let the time that answering it.. because there are still many things we do not knowing from what happens next, which it can affect to the price.

I'm just optimistic for that, and keep do the best effort that can I do.

[SummerBliss]

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth.  The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

Have you any fact or figure stating the argument for the point you have put forward and if no then its totally useless.The last year traders get profits which they can't even imagine because of the huge price boost and now it's the first quarter of 2018 and your are asking these things.The whales have tried everytime harder to put it down and gain profits and it had always show its potential.If you dont seem any future in this market you can leve it as there is full year ahead and true supporters of btc know it will rise again and mock down every obstacle in the way.And $20k will be achieved soon.

[zarados]

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth.  The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

Hopefully, someone will hear your advice and get out of the train. Well, by the way, last year most people predict bitcoin will touch $ 10k at the end of the year based on their special calculations. But the reality is different, bitcoin was able to penetrate 2x of the number is one cause because viral bitcoin that managed to touch $10k. It does not last long, massive sell occurs after bitcoin records ATH, and until now bitcoin is still stable in the range of $ 10k- $ 11k. So let's just say this point as the lowest bit of the current bitcoin, and the bitcoin's transient prediction will reach $50k, but it could be that it returns with 2x the prediction.

[Ektra]

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth.  The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

I really can't believe how many times over the past few years I've seen people project the current market conditions forward indefinitely because they can't think beyond the now. Really interesting example of limited human thinking I'd say!

[alyssa85]

After MtGox Bitcoin dropped, then dropped more, and more ... people said back then the Bitcoin will never reach 1200$ again. Well, it did and even surpassed 19000$.

Took ages to recover though, didn't it? The MtGox collapse happened in 2014. The price didn't bottom out till the end of 2015 at $170. And then it was a slow painful climb back up in 2016.

So if you bought just before the MtGox crash, you had to wait three years to see the same price. At that rate we will have to wait till 2021 to see $20,000 again.

[Kingofbitcoin12345]

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth.  The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

I pity those who lose their patience and being tired fast enough and surrender because they came here for short small profit.. They don’t hold bitcoin as they don’t believe it has future,, but they can’t see it for they are blinded by fear.. If those users in the past have the same characteristics as the new investors now,, then they should’ve not been a millionaire investing on crypto in earlier years and patiently waiting for the right timing..

[Slash61]

You are just racing on the current price alone, your thinking is very short to state all that. This is not the time to give up even last year many predict the price of bitcoin down, but kenyaatannya turned. No one is accurate in predicting this, nor are you. We pray that I hope the price can reach 2x from the maximum price ever reached bitcoin in 2017.

[Dele2018]

That is a very big possibility,it might even go above 50,000 this year.

[Bardman]

When real regulated exchanges start coming out, the money will too and then all the hype will return and push the price even higher, possibly.

We already have regulated exchanges. On top of that, this market is known to start rushing up when people don't expect it. People have been spoiled with how much the price has gone up lately, and for that reason aren't used to consolidation anymore. From their perspective current market looks bad, and as long as the major part of the market keeps thinking like that, the smarter part of the market accumulates till the bomb explodes again. Once the price has gone up significantly already, the people feeling bad about the market right now will at that point be confident enough to finally pull the trigger to start buying, and that's when we will be ready to sell them our 'expensive' coins. It's a never ending cycle for noobs.

We really don't have regulated exchanges, I mean real regulated exchanges. https://www.engadget.com/2018/03/02/japan-cryptocurrency-exchange-regulation/

We are starting to see action from different governments about ICO's and cryptos in general which is a good thing. People seem to fear regulations but we need them, all these crappy exchanges are not helping the crypto market.

Most noobs are leaving the market now, volume has dropped and we won't see them again until we breach 20k again. All the hype will comeback soon enough and another crash will eventually happen again.