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

[rosebrand]

I think not soon in future the Bitcoin will not hit 20k, the reason for the BTC to hit 20k last year was that the hype of BTC rises in last year as more and more people taught that it is the best way to get rich quick as the price of BTC was just going in inclined order. So as many people rush to buy BTC the demand rises so many people who were selling their BTC sold it at a little bit high price as compared to the current market price which makes the price of BTC to hit $20k.

last year the government had not attracted attention to crypto like this year. there are a lot of rumors to prevent prices from rising and there are indeed many holders who don't want to speculate further, but there are good things in December where sales trends will be very massive

with large volumes going directly to increase prices. because supply and demand will continue to grow. But I don't know for sure how much the maximum price will be valid according to the closing of the year.

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[OrangeII]

$20,000 is not a benchmark for bitcoin and we should expect more big figures to come up in some days to come.  Currently we are at a level were bitcoin is going to makes another move and we don't actually know we're it is going to lead to! It might end around $30,000 $100,000 or possibly $1,000,000.

we cannot confirm that, because we do not know the future. but of course bitcoin will continue to be developed to get high scores. I think the popularity of bitcoin will make the price of bitcoin even higher, whether it comes to a price of $ 20k or not, but I'm really sure of the price.

[JohnBitCo]

$20,000 is not a benchmark for bitcoin and we should expect more big figures to come up in some days to come.  Currently we are at a level were bitcoin is going to makes another move and we don't actually know we're it is going to lead to! It might end around $30,000 $100,000 or possibly $1,000,000.

Yes, at the present time, 20000$ seems very far away but with the passage of time we will see bitcoin crosses this figure and reach much more higher. Then 20K would not be seems as a giant figure and who knows we see strong support at this point and never see bitcoin below this value.

[TwtRedeo]

might see 5k or 5500 first but hopefully not 

Nobody knows how long it will take to reach $20000. Now a days the price of bitcoin is not acceding $7000 for permanent basis and therefore I think that it will take long time to hit $20000 if the price grows naturally and not due to big unnatural bump. The investment cap in not increasing too fast and that is the reason that it will take long time to get to that point.

[nightfury]

Yes it will reach 20,000$ again but not now, IMO. I think it can reach again 20,000$ next year or maybe in the next two years. The market just looks so weak and struggling since January and the dip that the market suffers could take time before it can recover fully.

[Shinpako09]

Of course we are going to see $20k again it's just we really don't know when. The previous all time high takes how many years before got beaten. Now that the ATH is higher than the previous one, I won't be surprised if it takes longer than last time.

[Barbarian]

Bitcoin soon after its introduction in 2008 became the only decentralized, transparent, fast and non-repudiable protocol. Bitcoin in no time underwent a significant growth by provoking a certain kind of hysteria in the investors and speculators to earn great profits. As the popularity of cryptocurrency rises, many countries like China started imposing strict restrictions in September, 2017 by calling it a ‘fraudulent practice’. Social media platforms like facebook, twitter and Google joined hands and banned all types of cryptocurrency ads. Since then, the value of bitcoin fell by large margins. As a result, many lost their confidence and interest in the market.

But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.

The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.

I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.

Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?

I have no doubts that bitcoin is going to recover and will surpass its previous ATH, but those thinking the recovery is around the corner are going to get disappointed since such a thing is almost impossible since the market is not ready to go through another bull run.

[eann014]

This year, bitcoin price will not reach $20k in my opinion, why? Because a lot of investors/big investors turn their back to bitcoin because they've lost a lot of their capital. A lot of news speading after bitcoin price drops. We all know that most of us lost our income because of that drop. Hopefully, by next year it will recover.

[sheenaedago]

Bitcoin soon after its introduction in 2008 became the only decentralized, transparent, fast and non-repudiable protocol. Bitcoin in no time underwent a significant growth by provoking a certain kind of hysteria in the investors and speculators to earn great profits. As the popularity of cryptocurrency rises, many countries like China started imposing strict restrictions in September, 2017 by calling it a ‘fraudulent practice’. Social media platforms like facebook, twitter and Google joined hands and banned all types of cryptocurrency ads. Since then, the value of bitcoin fell by large margins. As a result, many lost their confidence and interest in the market.

But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.

The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.

I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.

Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?

I have no doubts that bitcoin is going to recover and will surpass its previous ATH, but those thinking the recovery is around the corner are going to get disappointed since such a thing is almost impossible since the market is not ready to go through another bull run.

   Exactly, beccuse the market still on rapid growing and it doesn't shown any sign to pump up. But I am certain that bitcoin will surpass and consistently grown and reach $20k, maybe in the near future because as of now we can not determine on market stability.

[StarofBTC]

Not this year if i have to speculate it regarding on the status of bitcoin. It might be next year that the price of bitcoin will rise drastically again that may even break the 20,000$ all time high.

Same here, I also bitcoin can't able to reach that $20k again this year because the market is often bearish for the past nine months. There is still no clear sign of bullish trend in this 4th quarter and the price growth is still slow compared to last year. For the past few weeks, bitcoin experienced some price uptick or slight increase of price followed by dip again. $20k might be reach again or even surpass it next year if the factors for reaching higher growth are present.

Yeah we don't know when this bearish will end but $20k will certainly happen again but maybe not for this year, we are still stable at
price $6k and maybe there won't be many changes until the end of the year, I really hope prices can be better next year

Of course, one thing that I am sure of is that bitcoin would one way or the other switch trend and we will get to see the market really getting to grow pretty big in coming years, which makes me not to even bother myself about what we are going through in the market currently, as it would most definitely pass away. Will we ever see $20k again ? Absolutely.

I am so optimistic about that and even more, but one thing for sure no one can tell is when, so patience is all that is required and at least some knowledge if you want to be taking advantage of the short term fluctuations.

[ngusmin]

I'm sure it can reach a price of 20k because bitcoin is the most trusted coin. Be patient, because to achieve bitcoin the price of 20k takes time to recover, because now crypto conditions are not so good.

[Lotermity91]

Yes it will reach 20,000$ again but not now, IMO. I think it can reach again 20,000$ next year or maybe in the next two years. The market just looks so weak and struggling since January and the dip that the market suffers could take time before it can recover fully.

In fact in current time its look like very difficult but in future when more and more investors will come to the market, I hope that bitcoin price will then start increasing again and we will even see the bitcoin price trading above 20k in next few months.

[wumBowo]

everyone hopes the same so do i, its nice to see if bitcoin can reach it's ATH

[joshv06]

everyone hopes the same so do i, its nice to see if bitcoin can reach it's ATH

It would be great if bitcoin reaches the prestigious mark of $20k again, But it looks tough this year. Things are completely different this year than what it was last year and i think nobody can predict whether bitcoin will reach $20k or not due to the volatile nature of crypto and unpredictable market which has had wild swing this year proving all the predictions as incorrect.

[ELOCIN]

I don't know if it will ever come back again this year or in the coming year(s). But if bitcoin will have a burst factor in this quarter, there is a good possibility that we can still reach back to 20,000$ this year.

[Question123]

There is possibility that bitcoin will increase again to 20k dollars and also not to reach again remember the price is depends on the people how they care bitcoin if many people buy more bitcoin of course they will see bitcoin back to 20k dollars but if they going to continue on excel for sure bitcoin will decrease more or drop the price and 20k will not happen again.

[davit putra]

Of course bitcoin will be able to reach 20k, it's just that it's difficult to happen this year. I do not doubt that the price of 20k will be achieved by bitcoin, but to reach the price of 20k, bitcoin requires a process and time and I believe that by 2019 bitcoin has more power to reach 20k.

[Barbarian]

Bitcoin soon after its introduction in 2008 became the only decentralized, transparent, fast and non-repudiable protocol. Bitcoin in no time underwent a significant growth by provoking a certain kind of hysteria in the investors and speculators to earn great profits. As the popularity of cryptocurrency rises, many countries like China started imposing strict restrictions in September, 2017 by calling it a ‘fraudulent practice’. Social media platforms like facebook, twitter and Google joined hands and banned all types of cryptocurrency ads. Since then, the value of bitcoin fell by large margins. As a result, many lost their confidence and interest in the market.

But by far, Bitcoin has lived in a “space of unknown” to the general public with less crypto-educated people. Once that changes, bitcoin will once again see the paradigm shift to find its stable place in the market.

The question of whether bitcoin will ever hit 20k again has turned around the minds of all sleepless investors who entered the market of cryptocurrency in 2017.

I believe that Bitcoin has a lot of potential in surpassing the past records if the concept of cryptocurrencies reaches its true potential and is adopted worldwide.

Let me know your thoughts? Do you think Cryptocurrency is past its heyday and no longer going to revisit or surpass its past glory days?

I have no doubts that bitcoin is going to recover and will surpass its previous ATH, but those thinking the recovery is around the corner are going to get disappointed since such a thing is almost impossible since the market is not ready to go through another bull run.

   Exactly, beccuse the market still on rapid growing and it doesn't shown any sign to pump up. But I am certain that bitcoin will surpass and consistently grown and reach $20k, maybe in the near future because as of now we can not determine on market stability.

We know that is going to happen eventually, the issue is if people have the confidence and the patience to hold their coins despite the amount of time it may take to bitcoin to reach that price and unfortunately for many people in the forum they do not really have what it's necessary to hold their coins for so long.

[Rune]

I think eventually bitcoin can return to 20k but it will be a long time there just not as much room for it to go up before we have more real world adoption.
I guess this scare with tether as subsided but I am not done worrying about a possible drop not bullish yet!!
Always be cautious in times like these the hype is over

[Pumapipa]

in my opinion, bitcoin had already reached its prime. we should remember that there is a constant change in blockchain technology and new coins are emerging everyday (though some of these coins are considered trash coins in a metter of 2 to 3 years) in addition to that, forks are continuously happening. If BItcoin continues to behave in the market this way, soon enough Bitcoin will be overtaken by other competitive coins offerring much greater service.
$20k is way too much for bitcoin to reach right now and for the coming years.