Bitcoin will never reach 20,000 again

[bigink]

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...

[Kate Beckett]

I would not be so pessimistic. The growing trend in bitcoin remains in force. Indeed, some market participants will want to record profits, but at the same time another part of investors will buy, believing in the continued growth. Some of the crypto-investors do not even look at the fiat accets at all, without seeing any prospects in them. In 2018, the bitcoin rate may rise above $ 20,000 again. However, growth will not be recoilless - downward correction will also occur.

[HabBear]

and the HODL method is just what it is...

Hodling Bitcoin last year returned far greater return than any trader was able to make, I assure you.

Other coins have different stories. The reality is that timing the market is tough, and most traders get their a** handed to them and lose all their money. If you don't believe Bitcoin will hit $20,000 again you should get out for good.

[Domenc]

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...

OK, that's one side of the point but what if whales changed their mind and tried to do something off the track according to your argument. Despite that without any clear instances or facts you simply cannot have such belief just on one point. It’s Q1 of 2018 and things might not be working so well but there is big year ahead in front of us and things might change with the flick of coin.

[swogerino]

Whales are only a small percentage compared to the rest of the bitcoin eco system. Price of bitcoin is determined by many factors , one of them being whales trying to make profits which is standard now and nothing new. In the bitcoin price impact can be decided by how many people who use bitcoin, in how many different scenarios is possible to use bitcoin, why is bitcoin better than other payments systems, bitcoin can safeguard my identity when buying some digital goods etc.

When all the above are assessed by many persons and these many persons believe in those values that can impact bitcoin price, bitcoin will go easily above 50.000 dollars.

[Hui8]

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...

Thats really negative thought and I already don't like it into your heading! Bitcoin will reach that mark in the future for sure, no one can predict when but it will reach surely. There were lots of whales in previous time also who used to do the same thing, hold and take the profits from 5-10% hikes. The swing trades are anyway common anywhere but they are not risked by whales at all. There holdings are enough for them to get started and grab the profits (huge one) even if the bitcoin moves little bit upwards. I think whales are the smartest people who wants bitcoin to spike to 20K and I think they are not the opposite one.

[bigink]

Whales are only a small percentage compared to the rest of the bitcoin eco system. Price of bitcoin is determined by many factors , one of them being whales trying to make profits which is standard now and nothing new. In the bitcoin price impact can be decided by how many people who use bitcoin, in how many different scenarios is possible to use bitcoin, why is bitcoin better than other payments systems, bitcoin can safeguard my identity when buying some digital goods etc.

When all the above are assessed by many persons and these many persons believe in those values that can impact bitcoin price, bitcoin will go easily above 50.000 dollars.

It sounds good and I hope you are right but more and more people are taking the icing off the cake.

[imapessimist]

Whether or not Bitcoin will ever reach 20k again is anybody's guess.  But I think all the holders need to think again because there are too many day traders taking profit all the time for any growth to be sustained.  If money keeps coming out how is the price to go up. 

[mrtryonebiggums]

You have taken on micro point of the ecosystem and focused just on that, and I don't for the life of me know why. Try understanding the macroeconomics behind Bitcoin and the whole system, and I would be hard pressed to see you making this statement again. Never is a strong word in this sense, and although I won't say it will reach 20k 100%, there is quite a high possibility it will. You see the difference there? What you should ideally say is I don't think it will reach 20k, nobody can say anything for certain in this space.

[ruletheworld]

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...

Never is a strong word in this context. This isn't even the worst 'crash' in BTC's price - nowhere close. It can fall by another 50% and still be similar to the price crash after MtGox. There's demand building on the institutional side. Once they have the infrastructure in place, they can enter the market too. Time will tell.

[Reyan]

Like bitcoin forum have some specified specific rules and regulations which we require to abide in the same manner it is essential to understand how does bitcoin price works and it works on the economic principle demand and supply. After understanding it you will be clear about price

[milhaop]

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 disagree. I understand your point, but the crypto market as a whole is still too small. A whale today, probably won't be a whale in some months. Everything is gonna change. It's not about to be optimistic or pessimistic, it's about business facts.

[bigink]

You have taken on micro point of the ecosystem and focused just on that, and I don't for the life of me know why. Try understanding the macroeconomics behind Bitcoin and the whole system, and I would be hard pressed to see you making this statement again. Never is a strong word in this sense, and although I won't say it will reach 20k 100%, there is quite a high possibility it will. You see the difference there? What you should ideally say is I don't think it will reach 20k, nobody can say anything for certain in this space.

Thanks bro. I respect that...

[Washball]

It's sad but true, the 20K high price of bitcoin is what triggered the attention of governments worldwide. Now they will all regulate and there will be no decentralized cryptocurrencies anymore. Which means Bitcoin will not reach 20K anymore.

[novikov433]

If the dollar continues to fall and eventually will be introduced to the forks and forging coins, the bitcoin rate will begin to grow again as it will be returned.

[GoldAura17]

I think it will reach 20k. It is perhaps more a desire or an assumption than a certainty. Nobody can be sure, but analysts of the bitcoin phenomenon say it will grow even more than 20k to 100k.

[SixOfFive]

I don't agree. I think BTC will surely reach at $20k mark again. Its true that BTC is struggling hard to cross $12k mark but experts says BTC will skyrocket again after march. Moreover, BTC has shown good steady growth in last few days which has created good hopes in investor's heart.

[daarul50]

It is difficult for bitcoin to reach the price of $20k again because until now any bitcoin has not been able to successfully penetrate the price of $12k. Maybe this year will not be like last year but I remain optimistic that bitcoin can reach at least $15k price this year and it looks like the price will happen in the last months of this year.

[trumper]

Actually I agree with you to some extent except that bitcoin will never reach 20.000 again, everyone knows it will but it will take lots of time, there is always day trading now as you said.

[bitcoinstress]

Im sure Bitcoin price will back may be we can see more than $20,000 because when Bitcoin price increased, I heard there is a lot new Bitcoin user. It will useful later.