Bitcoin Price Prediction

[BitcoinYu]

Hey guys.

I am continuing to write articles for Paybis and I want to share my new one with you.

Ok, so a lot of people and especially beginners who are thinking about investing in Bitcoin are getting more interested in this because of the recent price changes.

That is why I created a post about the Bitcoin price prediction. 
Well, of course, you cannot predict a price to anything but at least you can try to get close to that.

What do you think about the Bitcoin price, what will be this year high and how much you think it will reach by 2020? Also, I want to know your opinion about this topic in general.

Here you can read my post- https://paybis.com/blog/bitcoin-price-prediction/

And by the way, some of you asked me if I write only for Paybis and I will answer that here - No I don't, whoever pays I write for. But I do good research for that and talk with people so my articles are not ready in 1 or 2 days.

I try to bring the most value out of it.

[muslol67]

Have you ever tried google it? I think you should try. I am reading hundred new a day about "Bitcoin price prediction". For example Tom Lee changes his idea every day!

Try it here;
https://www.google.com/search?q=bitcoin+price+prediction&oq=Bitcoin+price+predi&aqs=chrome.2.69i57j69i60j0l4.5359j1j7&sourceid=chrome&ie=UTF-8

[harvestt]

I do not believe in price predictions, it is nothing more than an accident

[rodel caling]

Have you ever tried google it? I think you should try. I am reading hundred new a day about "Bitcoin price prediction". For example Tom Lee changes his idea every day!

Try it here;
https://www.google.com/search?q=bitcoin+price+prediction&oq=Bitcoin+price+predi&aqs=chrome.2.69i57j69i60j0l4.5359j1j7&sourceid=chrome&ie=UTF-8

Well that is true every financial expert or not expert in financial they predict their own analysis and opinion about bitcoin price reach in the future.
For me my own prediction and view of bitcoin for the year 2020 for the reality 30,000$, 100,000$ is so very obvious is too expensive mor etear to wait before they can reach.
And according from the article came from the op share I also agree bitcoin is the solution of worldwide problem.

[BitcoinYu]

Have you ever tried google it? I think you should try. I am reading hundred new a day about "Bitcoin price prediction". For example Tom Lee changes his idea every day!

Try it here;
https://www.google.com/search?q=bitcoin+price+prediction&oq=Bitcoin+price+predi&aqs=chrome.2.69i57j69i60j0l4.5359j1j7&sourceid=chrome&ie=UTF-8

Why do you tell me to Google something? It doesn't even make sense in this case.

[Slow death]

I am reading hundred new a day about "Bitcoin price prediction". For example Tom Lee changes his idea every day!

hundred?



and talking about Tom Lee:

JUL 15, 2019

Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Are Good

He is making very moderate comments.

OP, your article is very good, but on the $100,000 forecast I still do not believe that we will see this price within 3 years, if one day it reaches the price of  $100,000 will be in 7 or 10 years. I know that you made comparison with the gold marketcap and if bitcoin had the marketcap that gold has, then the price would be very high. But still I do not believe we'll see $100,000 in less than 7 years

[bright4mech]

I have go through your article presentation, is a very good one, which  show more courage to invest now, base on the current prize, Nevertheless bitcoin can't be predictable to get accurate prize, but is very good to invest for a future.

[kryptqnick]

I also think that the article is pretty informative and well-written, but predictions are indeed not something that works great with Bitcoin. And I totally understand those fears and panic selling. I mean, I thought I was strong when I didn't sell my BTC when it was $20k per coin but turns out I was just unreasonable because during the year I needed the money and sold pretty much everything I had and more for $6k per coin and sometimes even lower. The situation right now is not clear. Some believe that what we see now in the beginning of another bearish year, the one that'll be way worse than the one we just had. Just look at the price chart and you'll see how similar two peaks of recent times are to those of the ATH time. But that eventually Bitcoin will cost the hell lot - that I believe is indeed something that makes it the best investment of the century.

[muratsink]

I predict that BTC will only reach $ 18,000 this year.  I see Libra becoming a competitor for BTC.  but halving BTC will control the BTC market, so Libra will not have a negative influence on BTC.  trader predictions will be more specific to create profit from any volatility.  investors and holders will see BTC reach $ 30000 in March 2020.

[YuginKadoya]

In my opinion, 2020 prediction that the price may hit a bigger All-time high has a small probability, Because it is a small-time for the price to take up the momentum it needs to lift up so much, But if you would say that the price may increase a notably higher than the last All-time high I can say that 2022 has the probability to really make it and of course let's not forget about the upcoming halving if it will continue, but I guess it is inevitable for the price to not make another all-time high but when it can happen, I guess 2022 is the year we can make it.

[omonuyak]

I do not believe in price predictions, it is nothing more than an accident

I feel disappointed yesterday after see and read through all the prediction and short my position and after 15 minutes I see a great volatile in the pricing that hit my stop loss and I have to lose some Satoshi. I think we should not depend on prediction but not that predictions are bad.

[Oceat]

I do not believe in price predictions, it is nothing more than an accident

I feel disappointed yesterday after see and read through all the prediction and short my position and after 15 minutes I see a great volatile in the pricing that hit my stop loss and I have to lose some Satoshi. I think we should not depend on prediction but not that predictions are bad.

Speculate on your own and do not trust any prediction that you see on the internet. With proper knowledge on how to actually know the closest possible price of Bitcoin is your main key to successfully get the profit that you wanted. Watch the price prediction here and also watch some news and read some articles to know more about of the market situation.

[BitHodler]

I feel disappointed yesterday after see and read through all the prediction and short my position and after 15 minutes I see a great volatile in the pricing that hit my stop loss and I have to lose some Satoshi. I think we should not depend on prediction but not that predictions are bad.

With how volatile the current market is and in some moments low in liquidity, significant price movements should be expected. I'm not sure how tight your stop was, but always allow room for a wick so that it doesn't trigger your position.

The lower the leverage counts are that you use, the less likely it is for wicks to harm you. Anything over 10x leverage is similar to gambling at this stage. Don't underestimate the volatility and willingness of market markets to trigger stops.

[Stedsm]

@Op,
The article was really good and I believe BTC is in its chase mode but still, after the leverage was introduced to BTC and both shook hands, it actually destroyed BTC as it gave a reason to SHORTS to short BTC and they did the exact thing - Massive selloff. I think it'll take a bit more longer for it to reach $100k as it's 10x of 10k, not to forget that higher the price we want to reach, bigger the volume we'll need to be able to stretch it there. I think the highest I'd be seeing this year would be BTC breaking above $17500, and speaking about 2020 would be a stupidity but still I'd stick to my old prediction and say that it may go above $63k (not so far below $100k).

--snip--

The lower the leverage counts are that you use, the less likely it is for wicks to harm you. Anything over 10x leverage is similar to gambling at this stage. Don't underestimate the volatility and willingness of market markets to trigger stops.

This is what killed the Chinese trader Hui You who didn't control his emotions while betting on leverage and a single mistake resulted into losing 2000 BTC. It was actually an example that the bigger the whale you are, the higher the chances of getting crushed down by the biggest sharks out there waiting for the best moment, while watching out the money that enters the markets in pieces. Even when you see that there are 1/2 or 1/3 of shorts over longs, or vice versa, stay away from the markets or play with least capital and leverage against the side that's looking to manipulate because then, these sharks come and drag the markets against high orders to liquidate them and steal away their money "legally".

[exstasie]

I think it'll take a bit more longer for it to reach $100k as it's 10x of 10k, not to forget that higher the price we want to reach, bigger the volume we'll need to be able to stretch it there.

Not necessarily. That's an intuitive assumption but it assumes an equal distribution of BTC at all price levels. In reality, the BTC supply on exchange order books mostly disappears during bubbles. The thinner the ask side gets (as people refuse to sell their BTC) the higher the price can go on very little volume. That's why reaching $20K was so easy in 2017.

[BY_ATOM]

I think it'll take a bit more longer for it to reach $100k as it's 10x of 10k, not to forget that higher the price we want to reach, bigger the volume we'll need to be able to stretch it there.

Not necessarily. That's an intuitive assumption but it assumes an equal distribution of BTC at all price levels. In reality, the BTC supply on exchange order books mostly disappears during bubbles. The thinner the ask side gets (as people refuse to sell their BTC) the higher the price can go on very little volume. That's why reaching $20K was so easy in 2017.

I think you're a little wrong, $ 20K was achieved because of the very big hype caused by the very extensive PR in social networks and the media. And as a result, many people lost their investments. Now everything will develop along a different route. be careful of the purchase, probing the market, quick exchanges. And the course because of this will fluctuate, in fact, we are now seeing these jumps.

[exstasie]

Not necessarily. That's an intuitive assumption but it assumes an equal distribution of BTC at all price levels. In reality, the BTC supply on exchange order books mostly disappears during bubbles. The thinner the ask side gets (as people refuse to sell their BTC) the higher the price can go on very little volume. That's why reaching $20K was so easy in 2017.

I think you're a little wrong, $ 20K was achieved because of the very big hype caused by the very extensive PR in social networks and the media. And as a result, many people lost their investments.

That's what happens every time. Doesn't mean order book supply is static, nor that we need increasing dollar volume to increase price. It's supply and demand, not just demand.

The smaller the supply, the higher the price. The larger the demand, the higher the price.

Now everything will develop along a different route.

It'll be different this time? Nah, I don't think so. Bitcoin loves to go to the moon then crash back to Earth. The next bubble and subsequent bear market will surpass all expectations in both directions.

[Red-Apple]

It'll be different this time? Nah, I don't think so. Bitcoin loves to go to the moon then crash back to Earth. The next bubble and subsequent bear market will surpass all expectations in both directions.

to be fair the "crash" is not "back to earth" it is only part of the bubble + a little bit more.
for example last time we started from $150 bottom, went to the $20000 bubble and crashed down to $3200 so that is 2033% rise from that bottom.
if that is to be repeated from this time's bottom then price needs to crash down to $68256. god knows how big the bubble is gonna be this time! $300000 maybe?

[Cherylstar86]

   From the long term bearishness bitcoin's value has bouncing at $11k due of high phenomenal volatilization. Somehow, its demand suddenly break in a violent way which meanly caused by dumping. And what really happen in the market phase is about correction and it diffinitely expand through our accurate vision and totally hit with promising peak by the next following months.

[Lucius]

~snip~

In general it is good article, but maybe too long for average reader.

I can only speculate about price as others in this forum, or as some experts who think they know something more about bitcoin. Most of speculation is based on bitcoin history, halving, and supply&demand theory, and some on number of bitcoin address (Tom Lee). It is always easier to speculate about something if you have something for what you can catch, and bitcoin is have some patterns for which we hope will be repeated in the future.

Since price is usually exploded after halvings, and I share the thought of many that next big thing should happen in late 2020 or during the 2021. This actually coincides with the prediction of some experts, and most of them are predict at least $100k or even more in next 3 years.

I would say it is all about institutional money, possibility of ETF approval, and all other ways of easier and safer investments in Bitcoin. I am not sure how will ordinary people react on new FOMO, many are burn hard in last bull run, but maybe we will see fresh new army of small investors if media is pump story about Bitcoin at $100k.