Why Bitcoin will not hit 20000 soon?

[$anounimus$]

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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[Yatsan]

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.

[liseff3]

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.

[Rooster101]

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.

[BlackSociety]

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?

[slyfox]

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.

[gabmen]

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.

[rickadone]

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.

[Roni116]

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.

[talenah kotang]

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.

[PalindromemordnilaP]

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.

[realBitcoiner]

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.

It is because the price is below $6500 and there is a long way to go to reach to $20000. The current market situation shows no signs for growth in short time, therefore it is hard to tell when will it hit again the previous highest price. the price predictions are too ambiguous that I do no tbelieve in that and mostly they are against the facts. Just wait and see.

[lingwistiko]

That's because bitcoin remains under the bullish line and it seems that it will stay indefinitely. I really haven't feel the bullish market yet but no matter how long it takes, i am willing to wait for it because i am holding my digital assets in a long term plan.

[Farma]

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.

a lot of things to think about before thinking that the price of bitcoin reaches the price of $ 20,000. well, we all have to remain optimistic about this. because we are all crypto users, and hope the price is high. but, I think, to arrive at the $ 20,000 price, that requires a little encouragement by a big company, or a big power.

[Nyak put]

Because i think bitcoin price will increase if there is many new invest join in this market. At the end of 2017, a huge of investor join in ICOs so it pushes the market up .

[Ozero]

After such a prolonged stagnation of the crypto-currency market, it is unlikely that bitcoin will be able to grow rapidly in price. The growth of bitcoin to $ 20,000 will also be hampered by the similarity of the situation with the end of last year and this time investors will already be cautious.
  Also, in my opinion, the number and state of the ICO can not in any way affect the price of bitcoin. Rather, the price of bitcoin influences the process of activity and quality of the ICO.

[Himanshu111]

After such a prolonged stagnation of the crypto-currency market, it is unlikely that bitcoin will be able to grow rapidly in price. The growth of bitcoin to $ 20,000 will also be hampered by the similarity of the situation with the end of last year and this time investors will already be cautious.
  Also, in my opinion, the number and state of the ICO can not in any way affect the price of bitcoin. Rather, the price of bitcoin influences the process of activity and quality of the ICO.

This is because the demand of Bitcoin is very down and the market of Bitcoin is decreasing day by day due to the fall in price.Bitcoin is not able to recover from a very long time now.The investors are suffering from losses as they have invested their money in Bitcoin.Countries are also banning Bitcoin due to its volatility and decentralized nature which is contributing to the downfall of price.Many other cryptocurrencies are also coming in the market.

[putrii]

it seems like no no, but more precisely the price of bitcoin cannot touch the price of $ 20,000 anymore because there is no good news that can trigger an increase in bitcoin prices, if there is anything that can trigger a bitcoin price increase as in the past year which has very high demand then it is definitely prices can be very expensive.

[airdrophunter]

People have different point of view regarding bitcoin's price in before this year will end. I think 20,000$ is reachable because 1 year ago this month, bitcoin is also down but it really surprise me as it started to rise since then until it hits the 20,000$ mark.

[hawkins]

People have different point of view regarding bitcoin's price in before this year will end. I think 20,000$ is reachable because 1 year ago this month, bitcoin is also down but it really surprise me as it started to rise since then until it hits the 20,000$ mark.

well, but the beginning of the price increase did not start with the price as it is now, and I think in 2017, it is different from this year. Well, this year there were so many blows for bitcoin and ETH that I thought it was a little difficult to make the price reach $ 20,000 this year.