Bitcoin spike

[Baofeng]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

Again, we don't know what's could be the next all-time-high, but it could be around around the $30k-$50k levels in the next 2-3 years. I don't want to put exorbitant numbers like 6 digits or something because I don't honestly think we can get to their after the next block halving. So I'm putting a estimate that I think within our reach in 2020-2021.

[gabmen]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

Again, we don't know what's could be the next all-time-high, but it could be around around the $30k-$50k levels in the next 2-3 years. I don't want to put exorbitant numbers like 6 digits or something because I don't honestly think we can get to their after the next block halving. So I'm putting a estimate that I think within our reach in 2020-2021.

Hopefully. If ever we get to another ath soon i think the halving next year would have a lot to do with that. What i'm not very confident about is the manner of how we'll get another all time high. I think it's going to be difficult to start another fomo given the state btc was left after this bear market. But my fingers are crossed lol.

[ultrloa]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

Again, we don't know what's could be the next all-time-high, but it could be around around the $30k-$50k levels in the next 2-3 years. I don't want to put exorbitant numbers like 6 digits or something because I don't honestly think we can get to their after the next block halving. So I'm putting a estimate that I think within our reach in 2020-2021.

Hopefully. If ever we get to another ath soon i think the halving next year would have a lot to do with that. What i'm not very confident about is the manner of how we'll get another all time high. I think it's going to be difficult to start another fomo given the state btc was left after this bear market. But my fingers are crossed lol.

I also think that way since thinking about on where would the pump to start and when would the ath would come is so absurd. Since for looking the situation drag by halving we can say that we might gonna experience that huge surge when that times comes and maybe by now to reach that level we might need a huge news about certain strong adoption of crypto.

[Xxmodded]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

no one can predict for sure before there are indicators that cause the surge to occur, there are many factors that occur in 2017 one of which is the bitcoin hardfork.
so it would be too early to predict it for now and I think it would only be a waste of time to guess carelessly

[jossiel]

next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out. a solid rise of about 2-3x per year then when the rise and profit is seen a lot of newbies rush in and drive the price up into a bubble. we are now on the groundfloor of that upcoming bubble. the solid rises will start this year and price will reach probably lower but close to $10k and then in 2020 as the halving hype and a bunch of others start the rises become faster and as $20k is reached the FOMO buys are going to start and the launch to the moon will start. eventually end up with a big bubble above $100k, I chose $300k because I would be a much smaller version of 2017 rise so I gave you an under-speculation to have a better chance of being correct.

Very interesting.

This is much better version that the other speculations that I've read and heard lately. I agree with your observation that there's a solid increase per year though it's shaking without any accurate price. The bubble burst late time and for this year, we've seen that there's more people that are putting interest to bitcoin.

And we all know when bitcoin starts to increase in price again, those people that lost interest to it will comeback and will contribute to make the volume higher again.

[STT]

Spike represents inaccuracy in the price and is actually something you dont want long term.   It means volatility which is some discouragement for all and food for the bears to say it was never real.

Do you want the temporary or the permanent rise in usage really, because its far better if it can get a stable base and then any spike from that base in your bullish scenario.   I think we are still forming a base and to think more is jumping the gun.

Could we exceed 20k ?  I think so but I'd prefer if it was years ahead not in months and then another sell

[buwaytress]

I expect to see very high prices in 3 years, yes 3 years is far away if we think about it right. But this time the price will increase slowly. For what reason do I believe that the price will increase a lot in 3 years? Many governments will recognize bitcoin, some regulators will approve activities related to cryptos, people will be able to buy cryptos with greater ease. Institutional investors will be able to enter this market because it will be a properly regulated market. The exchange will have to provide good quality services due to the competition and the regulations. all these factors that I mentioned will make the price very high in the next 3 years

I only expected a recovery in 2020, and this has been anyway my minimum target for personal reassessment even since Jan 2018. So, everything that's happened since has been more or less expected. Perhaps my only surprise is that we haven't plumbed lower depths as yet, but because of that I still believe we're in for even more lows this year.

3 years would mean 2022, which probably still fits my medium-term expectations. Japan's regulations would have matured by then, as would the EU's AMLD5 so Bitcoin should be that much clearer in the eyes of the law.

That would be a while away after halving, and smack during World Cup (I know, no correlation!) but I tend to measure my life in WC;)

[exstasie]

next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out.

That's what I would project based on the past. But as everyone knows, we shouldn't frame future expectations based on past performance. From a statistics perspective we only have a few data points (the 2011, 2013, 2017 bubbles) and with such little data we can't be confident that aberrations from the trend won't happen.

If you think of Bitcoin like a traditional tech adoption curve, then assuming we're on a log growth trend is ruling out the possibility we are actually leading up to an S curve. An S curve could take us to $10 million+ very quickly. I know that sounds crazy but looking at other tech adoption S curves like mobile phones, etc. it's really not if you consider Bitcoin's spot market scarcity. We haven't even tasted mass adoption yet. Just imagine what will happen if we do.

[barota]

The spike on December 2017 was slightly a Bitcoin bubble and I thought that the price would subside for a good reason.

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

bitcoin will rise to 20k after 1 year or by mid 2020 , crash take 1.5 ----2.5 years it start in january 2018 (the current crash that start in 2018 is like crash of 2014 that already finished in mid 2015)

[coinplus]

Do you really think anyone knows the answer to that question ?
Like, if we knew when it would be don't you think we would be selling every single thing in our possession to buy bitcoin ?

If I had known exact date of when bitcoin would go up in 2017 for example, I would have sold my house, my car, my clothes even(!) to buy more bitcoin and when it skyrocketed I would have sold way before it reached 20 thousand dollars, I would have started selling around 10 thousand dollars even if I knew it would reach 20 thousand dollars because I wouldn't want to make a huge ass sale all at once, I would want to spread it around so it wouldn't destroy the market.

Unfortunately, we didn't know 20 thousand dollars would happen, it was a shocking thing for us and we don't know if there will be a next one and when it will be .

[Oasisman]

The spike on December 2017 was slightly a Bitcoin bubble and I thought that the price would subside for a good reason.

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

It went that high because of some good reasons that creates a hype in crypto space. Gradually, the price subsides due to withdrawals after the hype.
Although the chart or the historical data of Bitcoin could be a good guide on when to enter the market, but good activities and news that are coming could be a great factor too, as it will create a positive outlook to the investors.
Anyway, thats a great observation on the price movement right there.

[peter0425]

The spike on December 2017 was slightly a Bitcoin bubble and I thought that the price would subside for a good reason.

The hype was punctuated when CBoE and CME offered bitcoin future contracts. That put bitcoin in a bubble and a subsequent correction followed.

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

I'm speculating that it could even higher than that. History shows us that every bull run, bitcoin always for new all-time-high so I'm expecting that in the start of 2020 and moving forward we may see more than $20K.

[figmentofmyass]

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

I'm speculating that it could even higher than that. History shows us that every bull run, bitcoin always for new all-time-high so I'm expecting that in the start of 2020 and moving forward we may see more than $20K.

it's strange how everyone always sets their expectations so low for the next bull market. long term bear markets have a funny way of facilitating that sort of mentality among investors.

we shouldn't be aiming near the old ATH. by the time we approach $20k again, 2-3 years will have passed since the last bubble popped. there's no way we're going to form a double top after that much time has gone by and we retest the highs. all the old supply will have been bought up by then. another bubble is going to erupt and we're gonna go parabolic after breaking $20k.

don't sell too early!

[ajqjjj]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

no one can predict for sure before there are indicators that cause the surge to occur, there are many factors that occur in 2017 one of which is the bitcoin hardfork.
so it would be too early to predict it for now and I think it would only be a waste of time to guess carelessl

Nothing is waste of time in case because most of the time positive feedback make good response in market and peoples are analyse the upcoming events in crypto platform so many peoples are believe the crypto investment so this year we will see some big jump in the market.

[Pursuer]

next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out.

That's what I would project based on the past. But as everyone knows, we shouldn't frame future expectations based on past performance. From a statistics perspective we only have a few data points (the 2011, 2013, 2017 bubbles) and with such little data we can't be confident that aberrations from the trend won't happen.

If you think of Bitcoin like a traditional tech adoption curve, then assuming we're on a log growth trend is ruling out the possibility we are actually leading up to an S curve. An S curve could take us to $10 million+ very quickly. I know that sounds crazy but looking at other tech adoption S curves like mobile phones, etc. it's really not if you consider Bitcoin's spot market scarcity. We haven't even tasted mass adoption yet. Just imagine what will happen if we do.

I agree that we can't speculate only based on past performance but that was not exactly what I had in mind. I am also taking into consideration how the conditions in the past that has led to those performances have not changed for example adoption is still happening with the same rate as before with the same acceleration too.

I also agree with the S curve theory of how bitcoin price is going to be like. but again the speculation is based on IF the conditions don't change. for instance back in 2016 I was predicting price to be at least $2k in a year (it was around $600-$700 at the time) based on the performance of that time. I had no way of foreseeing the big adoption that happened in 2017 and certainly no way of predicting the end of the 4 year long scaling debate to happen in 2017! both of which contributed to that rise.

in the near future we can have similar cases. for example something unlikely like Amazon accepting bitcoin or better yet doing it through LN is going to shoot the price up at least 500%

[btc78]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

Look how stulid this question is.do you really think that this is answerable?all answers that you will get here is just speculation because the market is volatile so nothing is specific here

But i am pretty sure that this will not happen this year,and 20$k is so far from reality again.

What is needed now for investors is to hold our cryptocurrency and never sell in this bear market

[Naida_BR]

The spike on December 2017 was slightly a Bitcoin bubble and I thought that the price would subside for a good reason.

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

It may bounce but don't you think that with the facts that we have right now, 20k is really big pump?
If there will be not any positive news, that will bring more people to the cryptocurrency community, or fasten mass adoption, I don't think that there is a chance to make such a huge bounce. We need to evolve the ecosystem in order to increase the price.

[magneto]

next bubble is going to be $300,000 ($300k) and it will happen in 2021.

why? because that is the trend that bitcoin has always been on if you zoom out. a solid rise of about 2-3x per year then when the rise and profit is seen a lot of newbies rush in and drive the price up into a bubble.

I certainly think that the halving will have a significant impact on the psychological aspect of traders, which is usually what matters the most in determining the market cycle and which phase of it we're in. The market sentiment in my opinion is more important than any TA that you can do.

And given that past bull markets have always peaked around 1 year after the halving, it wouldn't surprise me if prices do run up significantly between 2020 to 2021. The increased scarcity in newly created coins, as well as people's psychology will most likely make this happen.

However, I wouldn't go to the lengths of trying to predict how high it goes. The rallies could be significantly lesser this time round due to the more mature market, and larger market cap, which tends to suggest that volatility will be down and lower percentage gains will be seen. I don't think that 6 figures is necessarily out of the equation given the fact that adoption has actually continued to pick up despite the bear market, and firms like Goldman Sachs are actively trying to enter the bitcoin trading industry, but it's certainly not a guarantee solely based off past performance.

[StarofBTC]

Bitcoin's spike 20$k on December 2017
What cloud be the next spike level and when???

If I am to speculate the spike for this year, we might be looking at roughly $6000 because I don’t see BTC spiking to that amount this year again since the halving of BTC will not occur until next year.

The increase that will be experience this year will just be the normal market doing fine as a result of more users coming into the system but practically, bull run , I don’t see it any time soon, what happened in 2017 was abnormal and that was why it corrected itself, the price was too high  that if it had continued, poor people would have become poorer while rich people become richer because talking about BTC investment, it is only a very reach man than can invest and but over a thousand btc at once.

[Whosdaddy]

I feel that the price of Bitcoin will again reach the $20k mark on 2021 because when you look at the history of Bitcoin itself you can see that every 3 years after a massive downfall it bounces back and even set an all time high.

I'm speculating that it could even higher than that. History shows us that every bull run, bitcoin always for new all-time-high so I'm expecting that in the start of 2020 and moving forward we may see more than $20K.

it's strange how everyone always sets their expectations so low for the next bull market. long term bear markets have a funny way of facilitating that sort of mentality among investors.

we shouldn't be aiming near the old ATH. by the time we approach $20k again, 2-3 years will have passed since the last bubble popped. there's no way we're going to form a double top after that much time has gone by and we retest the highs. all the old supply will have been bought up by then. another bubble is going to erupt and we're gonna go parabolic after breaking $20k.

don't sell too early!

I understand we should also be positive about our investment but sometimes, we just have to set or expectations right and walk it through the part of reality. Reality is what matters here,  we speculate a lot based on our own opinion and not based on fact or theory.  I see a lot of people shouting $50K, $100K and so on as just mocking the system.

First we need to consider the factors that will push the price up, secondly, you mentioned something about old supply being bought and so, If bitcoin was the only crypto now, I would not have doubted your prediction but after the last bull run, remember we have so many coins that has come into the market all dragging investors to invest in them.