Will Bitcoin ever be 20k again? Why or why not?

[SyrulRamadhan]

I am optimistic that bitcoin prices will reach $ 20,000 or more. its just need time I believe maybe this will happen next year. Be patient is the key now because if you panic you will miss something big

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[Idaujotaite]

I really doubt it, if it will jump to those numbers it will fall back down real fast.

[merkuriya]

It will definitly touch $20 k and that to this year itself, but there will be many corrections before that as people stuck with their investments will sell. Thereafter, it will go up very fast.

[hongtham]

I am sure that BTC will skyrocket, maybe 20k
The highest point of the 17K BTC would be far reaching
The only problem is time

[evermak]

It will certainly reach $20 k again, you can expect that in next 3-4 months only.  And the "ever" you used is laughable actually as some people expect it to reach even a million mark one day.

[TRAID]

Absolutely. Crypto market moves in cycles and we're currently in a bearish cycle. Once we the global uptrend starts we should surpass 20k and reach a new ATH

[Script3d]

We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.

All of this fear of BTC never reaching it’s all time high again is causing the price to drop and it will probably continue doing so until at least one crypto project finds mass adoption. Will it be Ethereum or Bitcoin or some other coin, we can’t know. Ripple has the biggest chance right now since they are the only ones trying hard to sell their product to banks and money transfer agencies.

To keep this answer short, I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less.

I am optimistic in saying that it would surpass the ATH but i am not sure whether 2018 is the year that it would happen. Dont put too much high hopes that it is happening this year because in the end you might be getting disappointed about it.

im pretty sure it will rise back to all time high this year its a posibility it will not reach the all time high but i have high hopes for it to reach or even surpass the price there are alot of adoptions happening more and more people will use bitcoin and companies might use also use bitcoin as payment method or use its blockchain technology.

[bellamente]

Whales continue to try to take money from large market players.

In order for the market to become more active, it is necessary to grow the Crypto-currency by 100% or more

[nazaididuan1]

BTC will rise to $20,000 again, we just need to wait slowly!

Now the difficulty of mining is increasing, and BTC is accepted by more people, and the BTC circulating in the market is decreasing!

These factors will inevitably result in the price of BTC going up!

[zacjones8]

I think it will but not anytime soon!

The road from 0$ to $1000 is way more difficult than from $1000 to its encoded value

we will see what effect the FIFA World Cup has on its price!

[cryptoknows]

This year will be a repetition of the past with an accuracy of 100%. Bitcoin price 100% will be 20k + over a period of time. Whales will not miss the chance to raise the price to heaven with nothing, prepare your portfolios for replenishment this winter.

[cryptoknows]

Whales continue to try to take money from large market players.

In order for the market to become more active, it is necessary to grow the Crypto-currency by 100% or more

The whales themselves will increase the market by 100% +. They should let the slightest information guide and raise the price a little as all media will remember the last year's success of the crypto currency. Everything is very simple.

[Ailmand]

We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.

All of this fear of BTC never reaching it’s all time high again is causing the price to drop and it will probably continue doing so until at least one crypto project finds mass adoption. Will it be Ethereum or Bitcoin or some other coin, we can’t know. Ripple has the biggest chance right now since they are the only ones trying hard to sell their product to banks and money transfer agencies.

To keep this answer short, I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less.

I think it will, in time. It's just a matter of convergence of all the factors that have the capacity to help it grow and rise up in value. If those factors will collide once more like what happened in the last quarter of last year, then it would be a good turning point for this market because the people who are holding Bitcoins would surely have the chance to make it big by disposing off their held Bitcoins, which I am sure, they have been patiently holding for a long time.

[Veterock]

One million dollars for a coin isn't a real result for bitcoin, because it will be at death if it can't solve the problem of transaction speed

[fork100]

In general, here again 50 to 50 and both theories are possible. Since he had once pierced this boundary, he could shoot this, or maybe another, situation, that this peak was the only one for all his existence.

[kjnfmplm]

Yes. Of course. Mass adoption will play a big part in growing the crypto market. Because, I think that most of the people doesn't even know that cryptocurrencies exist. And even if almost all people in the world knows it, not all will invest. But we can still see some improvements in the value if that were to happen. It can surpass the all time high but not today and not also in the early future.

[Xester]

If you really trust bitcoin then do not hold bitcoin for a short time and hold it for a long time a few years maybe. Bitcoin will really hitback 20k$ this coming december and it will continue to go up until next year. Though it is not 100% guaranteed but there is a huge possibility that it will occur so let us keep holding and buy more bitcoins.

[eikzbtc]

That is actually the problem.  The more people hold their coins, the less coins are in circulation. The market works improperly, and it should be revitalised. The reason for it is not only the fact that people wait to get profits, but the fact that there are not much things you can do now, except drugs and trading. This has to be changed before btc can go up to $20k and maybe more

[djmixen]

Well i think if this would happen then there are many bitcoiner who will become millionaire, i want them to happen if i have many bitcoin on my wallet, but the saddest part is we do not have any idea for that and besides we can't predict the price of bitcoin, but for now i think it's impossible to happen in a short period of time.

[NeuroticFish]

That is actually the problem.  The more people hold their coins, the less coins are in circulation. The market works improperly, and it should be revitalised. The reason for it is not only the fact that people wait to get profits, but the fact that there are not much things you can do now, except drugs and trading. This has to be changed before btc can go up to $20k and maybe more

This is how deflationary coins work. At start the number of coins increases because of the emission. Then over time the number of coins in circulation is decreasing because of HODLing and people losing their coins. All make the coins get more and more precious.
Is this a bad economic model? With 8 decimal places it may not be that bad yet.

Do you want inflationary coin? Dogecoin is one such example...