[2018-12-12]BTC Price: Will We See Bitcoin Rallying its Way up to the Moon in 20

[Vladdirescu87]

BTC Price: Will We See Bitcoin Rallying its Way up to the Moon in 2019?

Over the largest part of this year, the crypto market has remained bearish, with rapid corrections continuing no more than a couple of weeks. Now traders are scared and confused about taking any further steps with the fintech. Luckily, some experts claim investors have nothing to be afraid of.

The value of Bitcoin has decreased almost twice since mid-November, from $6,400 to $3,490. Despite this tremendous drop, some analysts remain optimistic, saying that bitcoin will easily exceed the mark of $20,000, the last year high, and skyrocket to the moon.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/will-we-see-bitcoin-rallying-its-way-up/

[Slow death]

BTC Price: Will We See Bitcoin Rallying its Way up to the Moon in 2019?

why the hell do many people in the crypto community want to see the cryptos going to the "Moon"? if we were priced at $ 20,000 for many months, people would be complaining and asking when the price would go to the moon. always will be like this

answering this question: forget the moon, forget for some time that the price has reached $ 20,000 and we focus on creating a large community to increase adoption and manage to use bitcoin as a means of payments around the world. If we spend every month talking things like "going to the moon" then governments and banks will just look at cryptos as something just speculative

[Betwrong]

The ending of this article is a bit confusing to me.

However, he[ John McAfee] also mentioned that the actual value of this sum of money can be drastically affected by fiat currency issues, including hyperinflation.

Isn't that obvious that people count out a possible hyperinflation when talking about the future Bitcoin price? Who needs 30k USD for 1 BTC in times when USD is devalued and you can actually buy only 3k USD(of December 2017 buying capacity) worth of goods and services?

So, when John McAfee is stating that Bitcoin’s value may reach $1 million by 2020, and, at the same time, is saying that maybe a million dollars in 2020 "may only buy you a toothpick", it doesn't make much of a sense.

[1Referee]

The ending of this article is a bit confusing to me.

However, he[ John McAfee] also mentioned that the actual value of this sum of money can be drastically affected by fiat currency issues, including hyperinflation.

Isn't that obvious that people count out a possible hyperinflation when talking about the future Bitcoin price? Who needs 30k USD for 1 BTC in times when USD is devalued and you can actually buy only 3k USD(of December 2017 buying capacity) worth of goods and services?

So, when John McAfee is stating that Bitcoin’s value may reach $1 million by 2020, and, at the same time, is saying that maybe a million dollars in 2020 "may only buy you a toothpick", it doesn't make much of a sense.

Right. That actually reminds me of how people were hyping up that Bitcoin reached all time high levels in Turkey, while most of the noobs don't realize that the price hasn't actually gone up, but adjusted itself to match the US dollar equivalent.

Similarly, USDT lost a considerable amount of its value which inflated the prices of coins prices against USDT, which got people hyped up, and they failed to understand that the price hasn't gone up at all. It was yet again nothing more than an adjustment to levels to match the US dollar equivalent.

Banks and the MasterCards of this world screwing people over, that signals Bitcoin's usefulness and results in worthwhile price increases, not currencies losing value which makes Bitcoin increase as well, but without a gain in purchasing power.