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Author Topic: Why Bitcoin will not hit 20000 soon?  (Read 1991 times)
Pump N Dead
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August 03, 2018, 04:35:26 PM
 #81

I think it will grow even if ICO are popping up day by day. Since many investors are already avoiding ICO, they will protect their portfolio by holding Bitcoin. Only ICO token will suffer if Bitcoin rise just like what happened recently.
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C0ld_Zero
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August 03, 2018, 04:46:45 PM
 #82

At this time, I think the whales want to kill miner. You know, the miner holding more btc which can take effect to crypto currency.
And the people are losing faith in BTC.
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August 03, 2018, 04:53:14 PM
 #83

The nosedive of the bitcoin price early this year was a result of certain cumulative factors that hit hard the price. These include but not limited to massive dump of coins, hyper purchase of coins as a reason of a long run of increase, non compulsive actions of bitcoin holders such as holding and not divesting....etc. The price of the bitcoin may take a while to come back to area $20k home run as day by day the community is assailed by many actions within and without the bitcoin community. A prop of the prices by way of continual purchase, promotion and nonnegative media presentation will help the price climb back again. However this is also a collective effort in the right direction.

Bitcoin1216
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August 03, 2018, 04:56:52 PM
 #84

I think bitcoin needs extraordinary things so it can reach $ 20k soon, for example there is a country that makes bitcoin as legal currency substitute fiat or international transactions legalize bitcoin.

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August 03, 2018, 05:00:05 PM
 #85

I do not agree with you that ICO is the reason why bitcoin will not reach 20K soon, rather I think it is the regulation issue bitcoin is having in major populated countries such as China and Korea. ICOs contributes little to the price drop of bitcoin
2fresh
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August 03, 2018, 05:03:07 PM
 #86

bitcoin has suffered from the competition of alts very hard, but this has not reached too much the capacity of bitcoin to be the leading crypto currency, now we are witnessing a revenge of bitcoin as it manages to regain its value while alts still red

Which alts are really competing with bitcoin? We have some good alts, but nothing as big as bitcoin.
irenegaming
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August 03, 2018, 05:24:29 PM
 #87

The reasoning that Bitcoin wont grow till ICOs exist is very wrong. The reason why Bitcoins price isn't going towards the ATH is cause Bitcoin cycles don't move so quick and the market needs to correct before starting to recover. But rest assured the price of Bitcoin is going to break its ATH like always.

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August 04, 2018, 05:22:14 AM
 #88

The ICO has nothing to do with the price of the BTC. The price will rise but this is hard to say if it will rise to $20k or not, given there was an 11% drop in the price of BTC recently.
Cidolfusorlandeau
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August 04, 2018, 05:26:45 AM
 #89

Calm down, i think bitcoin has to go slow but surely not like a blow up then disappear right ?
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August 04, 2018, 05:29:32 AM
 #90

The cost of bitcoin is can't be anticipated in light of the fact that bitcoin is unstable, unpredictability is ordinary, it implies that its cost is eccentric to know whether it will increment or decline. The cost of bitcoin will possibly increment or lessening before the year closes, much the same as a year ago. Lets simply trust that bitcoin will increment and achieve its pinnacle simply like a year ago or significantly higher than that.
Niggasdonttalktome
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August 04, 2018, 05:58:43 AM
 #91

I think bitcoin has to more common to the whole world and it will help bitcoin get more investors and the prices will go up then it can hit $2000.
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August 04, 2018, 06:05:50 AM
 #92

I think bitcoin will hit $20000 in the end of the years or next years, surely that bitcoin prices gonna increase, all we need is have to wait for it.
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August 04, 2018, 06:10:29 AM
 #93

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.

I'm not sure whether this is the truth or not, but you got some point. If people are investing in ICOs, they're not investing the very same money into the bitcoin. But I like to have rather more projects than one
millgates
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August 04, 2018, 06:12:48 AM
 #94

Not enough market sentiment to make bitcoin price reach $20000 again. Too many bad news that spread now and many people blame bitcoin because its price that fall. When more investors buy bitcoin then bitcoin price will be rise.
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August 04, 2018, 06:15:01 AM
 #95

The main problem for this is, any country not yet ligalize bitcoin there currency. But I think Bitcoin will hit 20000$ surly but slowly.
daoquanghuan
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August 04, 2018, 06:25:08 AM
 #96

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 one can predict what the market price will be like. However, looking at the price of bitcoin in the past will find a similarity is that whenever the bitcoin price peaked in a short period of time there will be a correction phase. This correction can take months or even years to recover. So, I believe the bitcoin price will soon recover and surpass $ 20000 mark
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August 04, 2018, 06:31:40 AM
 #97

Today, for BTC to reach the $ 20000 price will be very difficult, because the market is constantly falling, may never be the same price at the end of 2017, the market today no chance for BTC to increase as high. so
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August 04, 2018, 06:37:06 AM
 #98

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.


wrong assumption
I think the decline that occurred in early 2018 to date is the result of accidents and correction of very rapid growth in the previous year, and other factors such as the ban in some countries have had a big influence on the growth of bitcoin. so, the bitcoin points will not depend on ico or ico will affect bitcoin. the fact that happens, bitcoin is very influential on other crypto.
lamcouz
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August 04, 2018, 06:40:39 AM
 #99

Many reason for us to buy Bitcoin now. For one thing. It's very cheap now and should be taken serious. Few years from now, we wouldn't see this price of Bitcoin again. This is the only opportunity we have to buy Bitcoin at cheap. Once the bull race begins, there will be regret of not buying.
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August 04, 2018, 06:42:27 AM
 #100

It's a tough situation for this platform. Day by day Bitcoin is becoming a popular virtual currency but without any proper designation, people are losing the hope of this system also day by day. So the ETF is a mandatory issue of this system. I think if Bitcoin can gain the ETF then Bitcoin price will hit 20000$ after joining ETF.
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