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Author Topic: Why Bitcoin will not hit 20000 soon?  (Read 647 times)
slyfox
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August 12, 2018, 02:57:11 AM
 #181

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange.
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August 12, 2018, 03:30:24 AM
 #182

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange.

Yes, that is true. I recently read an article about ico. Basically only a handful of icos made it far enough. I recently looked at ico stats and the statistics were not so bright for much of the recent ICO's. In a sense, projects attracted attention to crypto space because it looked innovative, a fintech revolution. Thus, people invested in ICO's but the ICO's teams don't invest in Bitcoin alternatively. So yes, lots of link between two subjects.

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August 28, 2018, 12:36:30 AM
 #183

I cannot completely agree with you.The growth of Bitcoin was never dependent on any ICO and nor shall it ever will. There will always be fluctuations in the cryptocurrency market and we have to accept them as investors. I don't thing that ICO is the reason behind Bitcoin's price not reaching 20k dollars.
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August 28, 2018, 03:03:31 AM
 #184

No, my friend. We don't have that enough support right now to make it to the $20k mark. But I know that we will be able to recover more than $12k by the end of December to at least show the world that our market our still alive and will continue to survive as long as we are here.

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August 28, 2018, 04:17:02 AM
 #185

I think that might be because there is no good news that can trigger investors to buy bitcoins, making it difficult for bitcoin prices to rise in price, but I don't think it will last long, there will certainly be good news that could trigger bitcoin prices to rise.


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September 03, 2018, 01:13:03 PM
 #186

I think that might be because there is no good news that can trigger investors to buy bitcoins, making it difficult for bitcoin prices to rise in price, but I don't think it will last long, there will certainly be good news that could trigger bitcoin prices to rise.
I agree with this. There is a conflict in between the beliefs of users and with the real capacity of bitcoin. People continuously doubt the improvement the bitcoin and give. In this way they probably do not want to invest more and more because of the volatility. We must consider that bitcoins market depends on its user. The more people engaged with it then the more people will benefit. Bitcoin will soon get what people wishes for.


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September 03, 2018, 06:51:33 PM
 #187

I think that might be because there is no good news that can trigger investors to buy bitcoins, making it difficult for bitcoin prices to rise in price, but I don't think it will last long, there will certainly be good news that could trigger bitcoin prices to rise.
I agree with this. There is a conflict in between the beliefs of users and with the real capacity of bitcoin. People continuously doubt the improvement the bitcoin and give. In this way they probably do not want to invest more and more because of the volatility. We must consider that bitcoins market depends on its user. The more people engaged with it then the more people will benefit. Bitcoin will soon get what people wishes for.

True, even though some bad news continues to hit bitcoin user confidence, which in turn causes some investors to doubt. But I am still convinced, their love of bitcoin still exists, and at any time it will make bitcoin grow better perhaps in a way that's unpredictable by anyone.

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September 04, 2018, 07:11:22 AM
 #188

I think it will take some time before the price of the climb back to $20k again. This year is mostly bearish for the whole cryptocurrency market and bitcoin can't even climb back to at least $15k since it's started going down last January this year. There are some upcoming developments that may help the bitcoin to be bullish again but I doubt if it can make another all-time high before the year end.

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September 04, 2018, 07:30:41 AM
 #189

No matter what kind of cryptocurrency follows the same principle, when the investor buys it its price will rise, and bitcoin wants to touch 20,000 dollars again, then the number of investors needs to triple it! But where do these investors come from?

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September 05, 2018, 09:17:44 PM
 #190

From my perspective I don't think that ICO is related to BTC price based on this market is so volatile so it is really tough to predict but the main reason are based on investors and banned issues it cannot possible I think because if BTC is acceptable to every country then it can be reaching 20000.   
slyfox
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September 16, 2018, 03:01:33 AM
 #191

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange.

Yes, that is true. I recently read an article about ico. Basically only a handful of icos made it far enough. I recently looked at ico stats and the statistics were not so bright for much of the recent ICO's. In a sense, projects attracted attention to crypto space because it looked innovative, a fintech revolution. Thus, people invested in ICO's but the ICO's teams don't invest in Bitcoin alternatively. So yes, lots of link between two subjects.
This is what is keeping icos down, it seemed that we were seeing some kind of revolution similar to what we saw with the dot com bubble, but now people have realized that it was not the case and many icos were nothing but scams or projects that were released by developers that had no idea what they were doing and now no one wants to invest in icos for the time being.
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September 16, 2018, 11:48:37 AM
 #192

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange.

Yes, that is true. I recently read an article about ico. Basically only a handful of icos made it far enough. I recently looked at ico stats and the statistics were not so bright for much of the recent ICO's. In a sense, projects attracted attention to crypto space because it looked innovative, a fintech revolution. Thus, people invested in ICO's but the ICO's teams don't invest in Bitcoin alternatively. So yes, lots of link between two subjects.
This is what is keeping icos down, it seemed that we were seeing some kind of revolution similar to what we saw with the dot com bubble, but now people have realized that it was not the case and many icos were nothing but scams or projects that were released by developers that had no idea what they were doing and now no one wants to invest in icos for the time being.

And that's why i don't think icos will have any significant effect in bitcoin movement this year or the years after. 20k is still achievable of course though people who bought in close to that value would have to have enormous amount of patience to hold that long.

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September 16, 2018, 03:16:57 PM
 #193

For the price to reach $20k levels it needs a rallying up, which means there needs to be more people looking to buy than looking to sell, which would create a market where there are people who are willing to sell for $20k but nothing lower at one point for us to reach those levels.

Now, considering the price has not been there for a long time for us to go there we need to convince other people to keep their bitcoins because we are going up and they will sell it at $20k soon because we are going up, however considering most people lost faith in us being capable of doing that, I doubt anyone would believe it, which would cause them to sell before $20k and than we can't reach that level.

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Roni116
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September 16, 2018, 05:42:38 PM
 #194

Increasing bitcoin depends on market adoption, and when the market is sluggish, and that will make the increase in bitcoin slow down, and to get the price to reach 20k then you have to be patient.

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talenah kotang
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September 16, 2018, 07:31:43 PM
 #195

The main problem at the moment in my opinion is that there is a lot of negative news about bitcoin so reaching $ 20k is difficult. Investors consider this to be bad but not entirely true. this is an assumption and possible.
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September 16, 2018, 10:52:25 PM
 #196

Because bitcoin is still in the bearish market and correction of market price is dominant than having and inflation of price. With just the remaining final quarter, bitcoin needs to breach lots of crucial resistances that may prove its way back to 20,000$ mark.

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