Why Bitcoin will not hit 20000 soon?

[0virtual]

I think ICO can't affect Bitcoin. Now the bitcoin price is mainly due to the lack of funds. The incredible pump of Bitcoin last year was inseparable from the crazy purchasing power of Japanese and Koreans. The reason why Bitcoin is so low is mainly because many predators have cashed out.

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[chuyengia2244]

Whales and investors panic are the main cause. Whales have withdrawn most of their money from the market after they have earned horrible profits from last year. They haven't returned yet this year, so the price hasn't yet reached $20000.

[mornabo]

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.

Yeah I think we don't have much power to make the price go back up to $20k, even to be able rise to $8k is very difficult especially to reach that price again? somehow the price could reach $19k last year? I think also because of the conditions very supportive like a lot of positive news?

[Keyboard PC]

maybe because this bitcoin has begun to lose interest and maybe no one has dared to buy bitcoin because we know a lot of information that bitcoin is circulating in some countries that prohibits the circulation and use of bitcoin so it can be an influence for bitcoin to experience price increases...

[andycarrol]

maybe because this bitcoin has begun to lose interest and maybe no one has dared to buy bitcoin because we know a lot of information that bitcoin is circulating in some countries that prohibits the circulation and use of bitcoin so it can be an influence for bitcoin to experience price increases...

There is always a phase where the price would be difficult to increase and the time is decreased, so many others who want to get bitcoin at a cheap price, you can see the history of bitcoin prices from year to year.
I think the price will touch $20k again when the next halving in 2020. but it could just happen in 2019, because we do not know the movement of bitcoin always arriving.

[Ronyx]

You have to understand the market situation this year, bitcoin will be able to increase to 20k if many investors adopt bitcoin, but this year it looks like a lot of people sell and make the market fall, and a lot of negative news that makes the situation more panic. I'm sure the price of bitcoin will arrive at 20k, but not for 2018.

[celtic99]

I still think bitcoin will actually surpass 20,000 by the end of this year.  It happened last year so there is no reason it won't happen again since adoption is rising and supply is decreasing.

[Barbut]

I still think bitcoin will actually surpass 20,000 by the end of this year.  It happened last year so there is no reason it won't happen again since adoption is rising and supply is decreasing.

We will see about that, I doubt in such big rise in next 3 months. Yes it happen last year, but next time may come only in few years, cause its how much people waited for recovery when bitcoin surpassed 1,000$ for the first time, next over 1,000$ came only after few years. I think everything is possible with bitcoin price, I learned that long time ago, but I still try to be as much grounded as I can, I never believe in anything 100%. The best is to wait and see, of course to hold some bitcoins for that moment when price start to rise.

[maarx]

It is very hard to hit 20000 this year, because still the market is in volatile condition. The price increase or decrease is normally happens. Only three more months left for end of this year but still bitcoin is struggle to reach 10000 then how can it will hit 20000.

[Bonsaiav]

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.

Because most of the bitcoin users more to choose to be silent and they can only hope without doing activities which means its weakness is retarding growth. So that it makes the price of bitcoin tend to be stagnant and even the value sometimes gradually decreases.

[Xenoph0bia]

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.

Because most of the bitcoin users more to choose to be silent and they can only hope without doing activities which means its weakness is retarding growth. So that it makes the price of bitcoin tend to be stagnant and even the value sometimes gradually decreases.

This is because the price of Bitcoin is very low and so does its demand.People are selling their Bitcoins at very low price which is leading to the fall in price of Bitcoin.Some countries have also banned Bitcoin due to which the price of Bitcoin is falling.Bitcoin is also bit complex and so many people find it difficult do use Bitcoin initially.Bitcoin also requires internet connection which is not possible the every corner of the world and so everybody cannot use it.So the demand remains lower.

[thecodebear]

Bitcoin certainly won't hit $20k again any time soon. It went from $6k to $20k last year in a month and a half because we were in the mania phase at the tail end of a bull market. Now we are at the end of the bear market and have entered into the transition phase between bear and bull markets. First we have to go through this transition phase in which the price stays fairly steady as the market forces switch from negative to positive, then we have to slowly build up the price as people slowly come back to or get interested again. It isn't gonna skip straight from end of bear market to the next mania/hype phase, so yea it will take a while. I think we can expect a year of steady growth until late 2019 before it gets back to $20k, then 2020 we'll see another hype year in which the price grows exponentially again. But yea no one should even be thinking about $20k right now, there are many months of sustainable growth to get through before we see that price again.

[chickenado]

maybe because this bitcoin has begun to lose interest and maybe no one has dared to buy bitcoin because we know a lot of information that bitcoin is circulating in some countries that prohibits the circulation and use of bitcoin so it can be an influence for bitcoin to experience price increases...

This isn't a certain info to be feed on our minds right now, and with respect to the statements that due to other country's prohibitions really had affected the suppression of potential $20K hit this year. However, even how worst the situation is we still managed to overcome our frustrations over it.

[sandra_x]

The price of bitcoin is not negatively correlated to the number of ICOs project launched nor is it related to the amount of  tether being "printed", If anything, having so much ICOs may help boost the bitcoin adoption a bit. Total some of money raise from ICOs is a just about 6 Billion $ and much of those funds find their way back into bitcoin as the price of those coins plunge after listing on exchange. More also, ICOs are facing some tough times.Only about 40 M$ raised so far in september.
If we hit a bull run, it wont take bitcoin more than a few weeks to beat its ATH

[wildflower18]

I think bitcoin could not hit 20000 soon were already close to year ends and no good news to boom the price. Also, Ico’s has nothing to do with the bitcoin price to increase. Price is unpredictable it cannot be predicted ever since, but once demands grow bitcoin price could grow also.

[Kasabus]

As we all through these trend of market, it surely Bitcoin price won't get back into $20k again as we nearly ended of this year but it could be possibly happen again maybe early next year. Holding might be good right now and wait for its pump in the next quarter. We be able to manage to control our self and still be positive all the time

[batang_bitcoin]

Whales and investors panic are the main cause. Whales have withdrawn most of their money from the market after they have earned horrible profits from last year. They haven't returned yet this year, so the price hasn't yet reached $20000.

We can't be sure if they haven't returned yet however institutional money is said to be the one that shall come next.

But once the bull came in, expect that no one can stop it and it can run until the end of the year. We have to realistic and on this very volatile market its a yes and no. These days, predicting is now harder than before but bullish people are encouraging that it will.

[WUUEX79]

Because bitcoin's still constrained by some problems that have not been resolved to date. This problem is not focused on bitcoin itself, but it occurs in some countries that impose too high taxes, on many exchange accounts, both in the US, China and Korea. With the high tax imposed, of course this thing will be a big problem for some of its users. Sometimes, I feel sorry for investors in their country whose enthusiasm's broken by the crazy tax rate.

[Mespirst]

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.

Yeah I think we don't have much power to make the price go back up to $20k, even to be able rise to $8k is very difficult especially to reach that price again? somehow the price could reach $19k last year? I think also because of the conditions very supportive like a lot of positive news?

The market cap in not increasing because people are not interested in bitcoin anymore or they have withdrawn most of their investment. All these because of the whales. They will not let small investors to make money in bitcoin. If I lose my money after waiting for long time why would I invest in such field? Everyone wants to earn money from his investment.

[KalaiBTC]

maybe because this bitcoin has begun to lose interest and maybe no one has dared to buy bitcoin because we know a lot of information that bitcoin is circulating in some countries that prohibits the circulation and use of bitcoin so it can be an influence for bitcoin to experience price increases...

Definitely it will reach to $20000, but it hard to say when it will reach because the investment capital is not increasing. Therefore I think it will take long time to hit $20000. If bitcoin recover its reliability, and people return to it, then the price will go up and may more than $20000. In these days most of the people are putting their money in Altcoin because of the high potentiality.