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

[Kemarit]

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 you still have to remember that we are still in the early state. There could be a lot of negatives news about it but I'm sure people are not losing their confidence. They are just waiting in the wing, ready to pounce when they see the market somewhat started to make a break out run.

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.

Again, this is a journey, everyone started with zero knowledge of crypto but as they go along they have learn a thing or two so sooner or later we will see. that there will be shift, specially the mentality that its not a get rich scheme.

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?

Definitely, $20,000 is doable. We just need one catalyst that will push the price to go even further. As I have mentioned we are still very young, significant things can happen in the next 2-5 years that will broken the current all-time-high.

[Lorna111]

I sincerely do believe that bitcoin will indeed rise again and hit greater heights than $20K in the near future and though it will take time I believe that it will. We can see that it's been stabilized for a while now and from its stability, we are going to see a rise in value.

   That's a one million dollar question as posted. Some speculators on the Crypto Currency Market, often give their own opinion on what to become of Bitcoin on the price value in the Market trading of Crypto? one should remember that Market is Volatile, it is unpredictable, anything can happen during the trading market, there are some indicators to note that market movement is always dependent on the Consumers level of confidence, the volume also play a degree of reference on its market status. Bitcoin price may even surpass the 20k in the near future once it breaks all market resistance and accepted globally by the Financial Institution and by the Government.

[Reid]

Have you ever thought of something like: How many people are already using crypto currencies? Does a large portion of the population knows about it?

Because the answer for your question might be there.
I do think it is the answer. Once people are adapting how the blockchain works then they will soon change the traditional way of doing transactions.
I did. So, I am basing it on my experience on how I got in with the crypto world.

That time where a large population of the whole world is using it, we will see a better value. Maybe not $20k. It could be better than that.

Or we could resurrect Nostradamus and ask him.

[paulk11087]

I don't know if we see 20k, but in a short time, I think we'll come to 10k. I also think that people will be a little more positive with new ETF decisions and new investments will increase.

[BrewMaster]

usually when a certain price level is reached it will be reached again at some point too simply because people will psychologically expect the value to be that much.

that is the simple way of looking at things. more detailed way is the fact that bitcoin potential is still a lot more than just $20k! there is much bigger target for the price speculated to be reached that $20k will look like nothing in comparison.

[Tramle091296]

Its to Soon for 2018 because the market we experience now is stable at $6000 - $7000 this can be not enough to reach that $20000 if the whale manipulated it and some economic crisis that experience by other country it can help the price grow rapidly. We expected more investor now in 2018 and some of them our dont have enough capital to affect the price of bitcoin. as long the investor getting more and more the price of bitoin can reach that $20000 target.

[Ruffian1314]

As i saw from bitcoin guru who forecast the the bitcoin price said that it won't reach $10k at the end of the year but thats only a prediction and only based from the data for the past years so we won't know for sure if it is correct. But maybe next year will reach its ATH again but not this year for sure.

[Thyristor]

Bitcoin would be 20K but not in this year. Still dip ongoing in cryptocurrency market, but i hopefully market will overcoming a couple of months.
This is unpaired market it was not expecting. BTC will grow 8K$ in this year and obviously next year will reached 20K$ we can hope.

[kram31]

Bitcoin will recover the 20,000 USD value or even higher.
But not to expect it to come this year as we are now short in time.
we just need for further development and approval from different regulations.
50K USD will be possible on 2019.

[jademaxsuy]

Probably it will going to happen. We will just have to wait for it to happen though for now there is no clear direction on the bitcoin market price if there is a bull run. We should wait and should also expect that much for it. Anyway, the good thing is that we are near to the 2018 year peak season and this will be a factor that bitcoin could make a bull run.

[bitbunnny]

Here we go again, talking about 20000$ price like it's some majic number.
Yes, I beleive Bitcoin will reach this price again and even more but this will not happen according to our desires but when the market will be ready. And this will definetely not happen this year. Actually it might take another year or two, such a bull run doesn't happen so often, even if Bitcoin is involved.
But instead to be so much focused on achieving 20000$ again let's try to get the most out of current situation at the market and current price.

[dablatair]

Hello,

We don't know when, but there is a big chance that yes it will rise up again. It could be long depending of a lot of parameters but I would not see BTC stagned like this according to the huge interest of it. Especially when more and more steps are achieve towards general acceptance.

[killat]

Everything is possible in crypto. When something is used as an investment and not as a consumption good, the price itself does not matter. Only what the investors think the price in the future will be matters. For example, it does not matter if the current price of stock X is $100 or $100k if people expect it to rise 20% in a year. They'll buy regardless.

Same for Btc, if price will start raising constantly, price could recover and exceed 20k one day.

[LeGaulois]

As soon the Bitcoin price hits $20,000 again people will start to sell most of what they own, thinking "this time I won't miss the opportunity. With a large volume of sales we can expect to then see the price decreasing again.
With the next halving I doubt the price will go up to $20k again, but we can hope

[kwakufavour]

Definitely it will. I am sure people never thought it will even reach as high as $20k but it did. Since it has reached that, it will surely surpass the previous all time high. Many factors led to the fall of bitcoin. This is not even the first time it has crashed. In my opinion, it will rise past the $20k in some years to come which will not be just a currency but with time, it is going to be an asset  .

[Kaan53]

Bitcoin, I think, would be able to find 20k because Bitcoin is now the most widely known currency, and it is still moving forward, so Bitcoin will rise and rise above 20k

[darkangel11]

As soon the Bitcoin price hits $20,000 again people will start to sell most of what they own, thinking "this time I won't miss the opportunity. With a large volume of sales we can expect to then see the price decreasing again.
With the next halving I doubt the price will go up to $20k again, but we can hope

Not necessarily. Check out the previous bull rally when we were passing $1000 USD. You could expect that after the low of $300 people will unload everything at $980 , but we haven't seen any red candles until $1030, so $1000 did not act as a psychological barrier. Even the 1030 caused just small sell off that took us down by $30 and failed to break below $1000. I believe that if we ho to 19k with high volume we'll repeat the same pattern.

[jvdp]

As soon the Bitcoin price hits $20,000 again people will start to sell most of what they own, thinking "this time I won't miss the opportunity. With a large volume of sales we can expect to then see the price decreasing again.
With the next halving I doubt the price will go up to $20k again, but we can hope

Price bump will be there in the cryptocurrency market but many people does not know that simply they are out of the investment and hodling nowadays since they sold the fiats and other alts.


If the price value grows up in this year end we will be find the same bump how we saw in last year hope the people hodling the fund and invested in this bearish market to boom themselves.

[seramania]

$ 20k is a high price for bitcoin, now we have not been able to give speculation on price earnings for bitcoin. so I think it might be possible to see the potential of bitcoin in the future, but when the right time is unpredictable.

[kaya11]

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?

It will.
Because bitcoin has a really unique feature that other payment system don't have.
Market already stagnat for at least 1 month, we will see market movement soon

Tell me more about the uniqueness about Bitcoin aside from being the first coin ever made in history. As far as I know it is a model of the alts and most are copied from the idea of BTC. It has never had a unique system but it was the first and more coins are better than BTC in terms of transaction cost and speed. Anytime one of the top coins in the market can overcome its price so we don't know for sure.