Bitcoin Revival is On The Way - According to a trader

[pushups44]

I think we're long overdue for a bull market, given that this has statistically been the longest bear market ever. With the halving around the corner, it's only a matter of time for a breakout.

[Ipwich]

I think we're long overdue for a bull market, given that this has statistically been the longest bear market ever. With the halving around the corner, it's only a matter of time for a breakout.

Agree with that, we should not be surprise of what we are seeing now.
The bullish trend has commence and time to make our dreams alive, we will break the ATH and that's my prediction that will take place soon.
This year started very well, I'm hoping we will end this year very well also.

[shamc]

Fiat isn't dead yet, online payments via credit card is still pushing strong and soon rfid payments will take over cards. It is the shape of the economy that will dictate how well bitcoin does as you can see in other countries like venezuela

[aprilnot]

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

for the near future, I don't think that's possible. even if the government is currently making regulations regarding bitcoin payments it is still not strong enough to encourage bitcoin. after the fall some time ago, people were more careful in making decisions. therefore a lot of good news cannot make an increase.

[cizatext]

Scot can never see the fundamental of the bitcoin change but the $4000 bitcoin Price have been sustained for some time now and that is an indication that the change we are expecting is not far again.

[ramsdaj28]

What does he mean by "PSYCHOLOGICAL LEVEL"?
Anywho, yes, I do believe the value will go up again, in time.

PSYCHOLOGICAL LEVEL in a sense that traders are on the line of either keeping it or trading it for a tendency of the btc's value to either take a high jump or drop. This is a bit similar to panic buying/selling where traders feel worried about something that might happened right before their eyes, especially in the world of cryptocurrency where every crypto's value might just take a big change in a matter of seconds.

We're really hoping for btc to regain its high value, and that it will reach the $20,000 level again one day. It's just awkward to think that btc value has once reached $20,000, and then later on, wasn't able to maintain it.

[aioc]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

I'm 100% sure that Bitcoin will be soaring high in the future, next year we will see a positive sign that Bitcoin will hit another all-time high again, I don't need these experts opinion they are just riding the waves, the main reason, of course, is the Bitcoin halving and the coming approval.

[ethereumhunter]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

I'm 100% sure that Bitcoin will be soaring high in the future, next year we will see a positive sign that Bitcoin will hit another all-time high again, I don't need these experts opinion they are just riding the waves, the main reason, of course, is the Bitcoin halving and the coming approval.

No doubt for that. I will prepare myself to sell some bitcoins and make money again like before. I hope that the price can increase and make the highest price again. Maybe we will see a surprise from bitcoin before the halving happens, and then after halving, the price will increase. Although we still don't know how much the price can reach, I still believe that the price will reach more than just $7000.

[ChrisPop]

I believe that 2020 will mark the beginning of the actual cryptocurrency era. The financial system needs and not only needs a serious upgrade. And cryptocurrencies are the right answer in my vision.

[SiDtHeBeSt]

Some say Bitcoin would sore up in value some say it won't go any further but what I think is Bitcoin value might increase in the coming time but it would take time because of all the government rules and regulations and also the acceptability of Bitcoin in every country. I won't predict that Bitcoin value would hit 20k once again it might but maybe a lot later for now it should rise up to like 10k .

[lovesybitz]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Bitcoin is a good way to send money anywhere / everywhere in the world at an instant that's why many are attracted to how the bitcoin is used in sending and receiving money aside of buying and selling online to those who accept cryptocurrency. Whatever the market condition is, the journey of bitcoin is still early to tell and people accept the fact that it will stay long because of its usefulness and revival is not a question but how it will rebound sooner.

Here in my country Bitcoin was most often being used for sending money through remittances, paying bills, and tuition fee, also bitcoin now in a couple of days past, I had noticed that it goes little by little which I think We are now entering into bull run I guess, so hold on tight for now guys.

[ranman09]

~

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

I'm 100% sure that Bitcoin will be soaring high in the future, next year we will see a positive sign that Bitcoin will hit another all-time high again, I don't need these experts opinion they are just riding the waves, the main reason, of course, is the Bitcoin halving and the coming approval.

No doubt for that. I will prepare myself to sell some bitcoins and make money again like before. I hope that the price can increase and make the highest price again. Maybe we will see a surprise from bitcoin before the halving happens, and then after halving, the price will increase. Although we still don't know how much the price can reach, I still believe that the price will reach more than just $7000.

I have known by researching here that halving (payment on miners divided in half) happens every four years "by design". But I didn't know that it needs approval? *see bold.

And how exactly it will affect prices to soar high? Is this based on statistics, history or economics?

[TalkStar]

Bitcoin recent price showing good signs for worldwide crypto traders. Its obvious that bitcoin will start its run soon but one thing makes me surprised that bitcoin still keeping strong support on 4000$. which traders have got vast knowledge about the crypto bump market situation already getting back on their favourite exchanges IMO. you can see the great difference if you just keep your attention on some exchanges current total volume. where some days earlier in many exchanges volume was far lower but now its increasing day by day. Bitcoin golden time going to come again soon and just be prepared to see that moments.

[Indrawan77]

I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction

[CaVO32]

I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction

though it is not the second most popular payment method at the moment, I believe we are going to that direction. if big online merchants will start accepting bitcoin or other altcoins as their payment method, then we might see an immense effect on bitcoin's price. til then, it is better to have a steady increase rather than a steep climb, which is usually  a scary thing in crypto.

[jakezyrus]

I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction

though it is not the second most popular payment method at the moment, I believe we are going to that direction. if big online merchants will start accepting bitcoin or other altcoins as their payment method, then we might see an immense effect on bitcoin's price. til then, it is better to have a steady increase rather than a steep climb, which is usually  a scary thing in crypto.

second ? no its not   . bitcoin is the top and will always be the top payment method online  . and i agree on you guys that its better to see steady small increase than huge pumps but in volatile conditions  . when it comes to rivals , sure there are lots of rivals for bitcoin but none of them ever succeed to de throne bitcoin  .  now there is another rival on  the way ?  well good luck to him  .

[muratsink]

First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.

[timerland]

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

I think you're stretching it a bit too much here unless you are classifying FIAT as literally every payment if so, the only 2 payment methods in the would-be Crypto and Fiat, and the difference is huge here.

Fiat will mostly be on top for regular purchases, like buying coffee or paying for dinner at a restaurant, I don't think mainstream businesses will adopt this new payment method, especially since transactions on BTC takes upwards of 15 mins to confirm, maybe eth since that confirms within   a minute.

Bitcoin will most likely be used for new tech, and buying and doing stuff related to it, I feel crypto will dominate online payments over the next 20 or so years.

[Johnzky]

What does he mean by "PSYCHOLOGICAL LEVEL"?
Anywho, yes, I do believe the value will go up again, in time.

PSYCHOLOGICAL LEVEL in a sense that traders are on the line of either keeping it or trading it for a tendency of the btc's value to either take a high jump or drop. This is a bit similar to panic buying/selling where traders feel worried about something that might happened right before their eyes, especially in the world of cryptocurrency where every crypto's value might just take a big change in a matter of seconds.

We're really hoping for btc to regain its high value, and that it will reach the $20,000 level again one day. It's just awkward to think that btc value has once reached $20,000, and then later on, wasn't able to maintain it.

Wow very complete and understandable explanation,and its bad that even that people know the volatility and decentralization of cryptocurrency still they are panicking without constant trust in each coins they bought,and most specially in bitcoin that everybody knows how consistent in recovery and regaining its momentum

[aad140386]

In any case, today Bitcoin was finally able to break through the resistance and rushed to $ 5,000 for Bitcoin. I don’t know how long this growth will be, but in spite of everything, bitcoin is still fundamentally strong. The blockchain continues to evolve, the demand for blockchain specialists is growing, the number of transactions in the network is steadily increasing. Many large companies create departments for the prospects of implementing the blockchain in their activities. It seems to me that the current fall in prices throughout the year should be viewed not as a bear market, but as a correction after a rise. This is especially evident on the monthly chart.