Bitcoin up to $20,000 before 2020?

[Reid]

Okay, that could really work if all of it will happen specially those who are fearing of missing out.
But during December 2018 it did not happen.
A lot did expect that history will repeat itself but it did not.

Now, a dump is happening again without any good reason.
But it could be a preparation to buy cheaper before the year ends. So, your speculation could come true and I bet a lot of users here are hoping the same.

[STT]

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Negative things have been happening every year that I can remember for decades and it doesnt have to boost anything else because of it, it might just be a negative and less trade is done perhaps.    What is really needed to see a boost is the alternative currency option of BTC is genuinely offering a pathway for trade that is blocked elsewhere.    Brexit is largely just politics, ultimately the EU wont block trade with a nation that buys alot from it, they'll have to work out a deal to exchange goods just like EU does with every nation.  It would quite difficult to justify cutting off a nation that had exact same rules for decades and has only slightly varied while leaving the union, to say we will not do trade now would be a deliberate block not applied to any other nation and nonsense.   That scenario is self damaging as less trade done is less jobs within that nation.    
  How BTC can help with a political block of trade I dont know really, BTC is best suited to resolve digital goods rather then physical things like cars which are slow to transport anyway.

So 20k because negatives occur doesnt add up to me.   Most likely is inflation causing loose pricing in lots of assets, that is a negative from failing currency but its a gradual effect usually and there are many varied alternatives to FIAT, many assets besides BTC.

[Dr.Osh]

Okay, that could really work if all of it will happen specially those who are fearing of missing out.
But during December 2018 it did not happen.
A lot did expect that history will repeat itself but it did not.

Now, a dump is happening again without any good reason.
But it could be a preparation to buy cheaper before the year ends. So, your speculation could come true and I bet a lot of users here are hoping the same.

the potential that can occur in 2020 is different from 2018. I am pretty sure the price of bitcoin can be approached, or even past the price of $ 20000 in 2020. Well, there is no special development that occurred in 2018. In fact, there is a lot of bad news on That year, like Facebook, Google, Twitter, and China try to banned bitcoin. because of that, the price dropped quite far. however, this year and 2020 are different. they began to provide an opportunity for bitcoin to develop.

in addition, the price reduction that occurred at the end of this month, this is common. a few months ago also showed the same pattern at the end of the month, prices always dropped, then at the beginning of the new month prices will rise. I'm sure a pretty good increase will occur in the rest of the month this year. I think we should remain optimistic about this  .

[Vaculin]

Okay, that could really work if all of it will happen specially those who are fearing of missing out.
But during December 2018 it did not happen.
A lot did expect that history will repeat itself but it did not.

Now, a dump is happening again without any good reason.
But it could be a preparation to buy cheaper before the year ends. So, your speculation could come true and I bet a lot of users here are hoping the same.

It's not a serious dump, bitcoin is not strong and stable I guess since if it will dump, it will not dump below $9K and it could easily recover.
There's still 3 months left in this year, and that's plenty of time to make a good run and if bitcoin will just end over $10k this year, that's already a great achievement as we were just at over $3K at the start of the year, its more or less 200% in a year, not bad..

$20,000 is a big dream now, but I'm not saying it's impossible as during the last bull run, btc make a an ATH in less than 3 months, so we need a history to repeat itself to make it possible.

[beerlover]

The more the time passes the less chance I see it happening, I mean I totally believe that there is still more than 1 year left in 2020 which means bitcoin could still go to $20k but how long do we keep that faith? What if one day we wake up and bitcoin still is at like $10k and it is summer of 2020, will we really keep believing that it will become $20k in the end?

I doubt that is the case man, I still think that bitcoin will be basically $10k at the end if its like that in the summer. However, if there are some changes and price starts to go up than I will gain that faith back and start to think bitcoin is still going for that $20k before 2020, it all depends on what bitcoin will do in the next 6 months for me, no moves equals me losing hope but some good moves equals to me regaining hope.

[proudhon]

Bitcoin is staying under $10k at this point, so no, definitely not $20k before 2020. We're witnessing the failure of bitcoin to "take-off" after nearly 2 years from its ATH, which just confirms that things have finally settled in. The price will never go above $20k again, and 5 years from now we'll be able to look back and see that from the $20k high it was, on average, all down hill from there. Sometimes it takes a long time for something to die.

[Ridwan Fauzi]

This is a crucial year for the user of bitcoin, because there are many good news which can be use as a benchmark to stay hold or to buy more.

These points that you mentioned on the OP most likely will be right at the end, new investor will pay attention to bitcoin since the conventional investment will have a high risk because some regulation and end up with recession, I believe it will happens.

So, there is no a good way expect we should keep our bitcoin although at the current situation is going down but it is just for a while. Bakkt affect's not seen yet thus far and I just thinking that the price of bitcoin will going down first and after that we can see its price will pass the ATH last years.

[btc78]

Hopefully..and for sure i am the one who really still believe that bitcoin will have a chance to increase the low value price of bitcoin now. Coz for now only prediction's are the one who's still running in the market. So hopefully bitcoin up's and hit the 20$k before a year end.

Where did you get this assumption?as if you really holds some Bitcoin on your wallet?

Thousands of people here are still holding bitcoin waiting patiently for the right time to profit and now your claiming that your the only one who’s believing bitcoin will reach 20k$ again?lol watts joke

[peter0425]

Bitcoin up to $20,000 before 2020?

Some people believe that aliens speak to them thru jiffy pop pop-corn in the microwave.

Does not make it true.

Odds are closer to
Bitcoin down to $2,000 before 2020

After crying in your thread here

https://bitcointalk.org/index.php?topic=5187178.0

Now you are spreading ”FUD” in other thread ? I’m wondering how much have you lose in investing that’s why you are so eager to make people believe in your statements?

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

[Vaculin]

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

That's pretty doable this year, $20,000 in the past quarter sound hard but its not impossible.
People can spread what they want actually, this is a free market, and we can see more people like him, not because we are in the forum we all have the same prediction, if they believe it will dump to $2,000, that's their own prediction, besides the market is so unpredictable so we cannot control it to happen.

When people spread FUD, it will result to a healthy market, because when they fear, the smart will take over and will buy their dumps, and eventually we don't know we are creating a stronger community that are willing to hold and wait, and that would make bitcoin stronger in the long run.

[Fesatmas]

But I am sure once Bitcoin price hit more than 10k$ again you will zip your mouth and gone in forum just like many accounts before who make same strategy as yours

That's pretty doable this year, $20,000 in the past quarter sound hard but its not impossible.
People can spread what they want actually, this is a free market, and we can see more people like him, not because we are in the forum we all have the same prediction, if they believe it will dump to $2,000, that's their own prediction, besides the market is so unpredictable so we cannot control it to happen.

When people spread FUD, it will result to a healthy market, because when they fear, the smart will take over and will buy their dumps, and eventually we don't know we are creating a stronger community that are willing to hold and wait, and that would make bitcoin stronger in the long run.

It's hard to predict $ 20,000 by the end of this year, we all want it to happen but experts say this won't happen, they say we don't panic FUD is being spread and we have to find the right information.

[Taskford]

The trend was too crucial for bitcoin these days, and I believed that this was very serious situation to consider right now. Expecting that expensive price before 2020 is unpredictable, so we shouldn't expect so much. Just wait until what happen for next year, reality will show us the proof for every speculations.

Those presumptions are unrelevant since as stated we cannot predict the actual price for it and we shouldn't expect to much on it since there are lot of things will happen  at that time and there are things that needed to consider, and it's best to guess on actual flat rate since it can possibly reach to our expectation and let see what the real score will happen in future.

[davinchi]

The trend was too crucial for bitcoin these days, and I believed that this was very serious situation to consider right now. Expecting that expensive price before 2020 is unpredictable, so we shouldn't expect so much. Just wait until what happen for next year, reality will show us the proof for every speculations.

Now again BTC price changed and dropped a bit, I have zero belief that bitcoin will be $20k before 2020, I used to think it is bitcoin and it could literally do whatever it wants whenever it wants but as it looks there is really no reason to believe bitcoin wants to go $20k.

I mean when it wants to it can totally go there, it all depends on public reactions and hype people built around bitcoin and bitcoin being on mainstream media etc etc but from the looks of it that is not gonna happen. It means bitcoin is not going anywhere near $20k and I am not entirely sure it will go above $10k until 2020 neither, maybe it will stay here or maybe it will go down which means its looking awfully dark in the near future for bitcoin. I personally wouldn't buy right now, not for a while at least.

[Silberman]

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/


My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio
• Brexit is a mess and this only helps Bitcoin
• The trade war is a mess too and this only helps Bitcoin
• Price patterns favor a $20,000 bull-run by the end of the year
• There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Most of your points are correct however all of them have to do with fundamental analysis and while fundamental analysis can be a great way to find the general direction that a market may take it doesn't really tell you when that will happen which is what we all want to know, if that was not enough the recent crash in the market that we have experimented doesn't really favour your theory however it is obvious that at some point bitcoin will surpass its previous all time high.

[Pab]

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

[TriplexXx]

Between Trump's stupid tariffs and Boris Johnson's british crisis, I'm surprised Bitcoin is not up to $100,000 already

Lol, I think bitcoin price will reach $20,000 by the end of the year 2020. People underestimate the bitcoin journey to $20,000 I don't know why but it is not going to be quite easy though, it's still a huge milestone - Bitcoin has a long way to go.

[kentrolla]

The chances are very very low as the recent market clearly seems to be a bear market, I am not saying we are in bear trend but still the situation looks complicated. I don't think there are possibilities to touch 20k by 2020, as a lot of challenges are moving across the crypto market as centralised coin/ new projects are focusing to dominate the market.

[CarnagexD]

Great analysis imo! https://cryptotradernews.com/cryptocurrency/will-bitcoin-reach-20k-before-2020/


My key takeaways:

• More and more people are using crypto as a way to diversify their investment portfolio
• Brexit is a mess and this only helps Bitcoin
• The trade war is a mess too and this only helps Bitcoin
• Price patterns favor a $20,000 bull-run by the end of the year
• There is a massive FOMO sentiment amongst crypto enthusiasts

Thoughts?

Maybe the number of people who buy or do investment in bitcoin will really affect the price to increase but there are only 3 months left before the end of this year 2019 and the price of bitcoin is still around 7000$-8000$ and maybe it will face some challenges before it hit the price of 20000$. I still hoping that before the bitcoin halving next year the price of bitcoin will hit the 20000$ so after the halving it will surpass its all-time high price.

[Nnuego]

We shouldn't imagine such ''bitcoin hitting $20k before 2020''. We're in Q4 and bitcoin is still struggling around $10k. I would have accepted and believe it easily if that you assumed that bitcoin will hit $15k before the end of the year. Am expecting bitcoin to hit above $20k next year not this year

[ene1980]

I don't believe in any 2K for bitcoin.Reason is simple .There is cost of mining.Currently cost to mine 1 btc is about 6K .Do you think miners will sell below price.Sure it can be massive manipulations what will cause flash crashes but it will be short lived.We will have some nervous days but rebound will be strong and unexpected .More fud faster and stronger rebound will be

The price of bitcoin does not mean that you need to have a price well above break even profit for miners, finance does not work like that and that is the case with bitcoin too, the miners does not control the price of bitcoin to think like that, there was a time when the miners were at loss when the market was well below $500 a few years back, so thinking that the price of bitcoin has any relation with the profit miners get is just bogus.

We shouldn't imagine such ''bitcoin hitting $20k before 2020''. We're in Q4 and bitcoin is still struggling around $10k. I would have accepted and believe it easily if that you assumed that bitcoin will hit $15k before the end of the year. Am expecting bitcoin to hit above $20k next year not this year

If there is a big rally it is not that hard to catch these valuations in a short period of time, bitcoin has shown those in the past and it can happen in the future too.