Can Bitcoin cross $50,000 by Dec 2020?

[Wysi]

The price of bitcoin cannot be ascertained by certain people, but many say that the rise of bitcoin starts in December, this is my prediction that bitcoin will not be possible to reach $ 50k that is too far for me to target bitcoin at the beginning of the year $ 15k but that is just a prediction cannot make sure and we wait for the right time.

Bitcoin's golden days used to start in the month of December was a common perception after 2017 but last year it was not the same way and I believe $50,000 is easily achievable for bitcoin but it's almost impossible to achieve within the month of December looking at the current market affairs. As mentioned we can expect somewhere between $12K to $15K by the end of the year if prediction hits bulls-eye this time.

[CarnagexD]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

It is possible that bitcoin can cross 50,000$ and we all know that 2020 is the year for another bitcoin halving. We always know that every last quarter of the year is the quarter of pump which we might experience long uptrend. But for me, I guess bitcoin can cross around 20,000$ up to 30,000$ by December 2020.

[NathanJB]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

First of all, it is worth acknowledging that Bitcoin is behaving in ways we cannot exactly predict. But my limited observation is telling me that $50,000 by December of next year is too high to reach. Even if we will reach again the ATH of Bitcoin within this year, it is still hard for Bitcoin to double that $20,000 ATH in only a year, especially because we are not anymore talking about $2,000 or even $5,000. $20,000 is a lot of money.

[michellee]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Wow, that will be expensive for bitcoin. But I am sure bitcoin can cross $50k, but no one knows when it will happen. I guess that before bitcoin price can hit that price, we will see so many up and down in the market, and that will make people panic to save their money before they lose. But for sure, I think bitcoin will hit $20k again in the next year or the middle of the next year. And then the price will start to increase and decrease, and that is interesting to follow the bitcoin journey.

[Oasisman]

For me it is impossible to reach $ 50,000. After Bitcoin halving, we will see a sharp decline in the price and will not see the effects of halving only after several months and perhaps a year.
Excessive optimism about rallies to these levels will reinforce concerns about manipulation, especially as the price rally at $ 20,000 was due to a lot of manipulation and weak censorship.

Probably a lot of Bitcoin miners will quit as the rewards are becoming smaller after the halving. Thus, miners who quits will sell their Bitcoins as well. Judging how the market reacts to the first and second halving, It seems like It has a long term effect on Bitcoin price and It seems like it became a trend. Bullish market occurs every one year after the halving.

[SaShiRaJaVu]

Probably a lot of Bitcoin miners will quit as the rewards are becoming smaller after the halving. Thus, miners who quits will sell their Bitcoins as well. Judging how the market reacts to the first and second halving, It seems like It has a long term effect on Bitcoin price and It seems like it became a trend. Bullish market occurs every one year after the halving.

Lets say that miner will quit mining when the rewards go down after the halving but why would they sell their coins when they are not earning anymore coins, they invested in mining because they trusted bitcoin to give them the profit, so it does not make sense either and now coming back to the facts none of the miners will stop mining because of halving and historically there is no evidence to say so.

[CryptoBry]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

You mean to say that with all the altcoins around also getting their share of the market, Bitcoin can still be able to grow more than $50K around 14 months from now? My answer is a big NO. Actually, altcoins don't have that major effect on Bitcoin as it is the other way around. Nevertheless, if we analyze Bitcoin by itself, that $50K prediction can be too much. The last ATH almost reached $20K and it came around after heavy speculations and after Bitcoin made a big buzz everywhere online.

Next year, we are not sure if the hypes and FUDs surrounding the halving can reach a fever level but definitely there will be some good uptick because of it. Personally, I am predicting around $25K on December next year and I even consider it a little bit high. Anyway, it can be fun to speculate on what will be and watching which prediction can be coming true in this fickle-minded market. 

[AliMan]

Since many altcoins roaming around these days at the marketplace, it would be hard for bitcoin to build demand so fast and reach that $50k per btc on December 2020. Take note folks, it's not 2019 but rather in 2020 year end month. Who knows bitcoin that time on year 2020 first quarter we will see at least $15k stable price for bitcoin.

[el kaka22]

Is it possible? Sure it is possible, if a person buys all of the bitcoins from here to 50k then the price will be 50k, as simple as that, that answers the "possible" part. Is it probable? I doubt so, 50k is just way too much for bitcoin to be right now and December 2020 is not really that further away, it is about one year away.

Many things change in bitcoin world and last year around these times we were once again 6.5k (in a month we would drop to 3.2k of course) so it looks like nothing changed but if you look at what happened in between there are tons of stuff happened, yet we are still at the same place in the end. So I would say anything under 4k and anything over 15k looks like not going to happen anytime soon, something huge has to happen which is definitely possible but until then we going to be around the same numbers constantly going up and down.

[Reid]

A long way to go.
Maybe you should just buy first specially now when the price is still cheap.

That 50k could be reach if we could support it more.
We cannot just speculate here but we could act as an arbiter for bitcoin and spread the word.
That way demand will increase and that is one reason for the price to go up.

[The Sceptical Chymist]

Is it possible? Sure. Does that mean the market this for sure going that way? No, nobody knows and if they were for sure they could make a lot of money and wouldn't tell anyone. (But knowing the future isn't real)

Yeah, it sure as hell doesn't look like the market is going to be moving on pace to hit $50k in a year.  I agree it could happen, but it just doesn't seem likely at the moment, does it?  On the other hand, nothing would really surprise me as far as bitcoin's price swings go and I do think there will be a rally at some point between now and the end of next year.

The abundance of altcoins doesn't have much to do with how bitcoin is going to behave IMO.  The size of the bitcoin community basically dwarfs all of the other ones and if any coin is going to achieve close to a 10x gain in a year, it'll be bitcoin.  The rest of the altcoins are just tagging along with it.

[unicode.03C0]

Is it possible? Sure. Does that mean the market this for sure going that way? No, nobody knows and if they were for sure they could make a lot of money and wouldn't tell anyone. (But knowing the future isn't real)

Yeah, it sure as hell doesn't look like the market is going to be moving on pace to hit $50k in a year.  I agree it could happen, but it just doesn't seem likely at the moment, does it?  On the other hand, nothing would really surprise me as far as bitcoin's price swings go and I do think there will be a rally at some point between now and the end of next year.

The abundance of altcoins doesn't have much to do with how bitcoin is going to behave IMO.  The size of the bitcoin community basically dwarfs all of the other ones and if any coin is going to achieve close to a 10x gain in a year, it'll be bitcoin.  The rest of the altcoins are just tagging along with it.

[Darooghe]

More complicated than you think. I think $50.000 is perfectly feasible, but it will be more than double the previous all time high, so it is not directly easy. even with considering the halving event. I expect that BTC will be worth $20,000 around 2020.

It seems difficult to see the development of BTC now which is difficult to achieve higher numbers than ATH. But still it might happen If the mass will start investing in BTC, it could reach price you will never know. If we start considering a BTC as an asset and store of value like Gold, it will worth a hell of money. All the banks are against that because they can't control it. all depends when the ESF will be accepted as soon it happen be ready for a huge pump.

[darkangel11]

Can it? Sure it can! Will it? That's a different question. I think it will but why should it and why shouldn't it that's what you all should think of.
It should go to 50k if it follows the exponential trendline. It should at least go to 10k USD low if it follows the trendline that it is following for 10 years.
It should because the rewards will be worth half of what they are now and because the halving event should and will start a bull run.
It shouldn't because it's being manipulated by whales, USDt, fake volume and more.

[Oceat]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Wait a minute, what would altcoin do if Bitcoin starts to bullish by the end of the year in 2020? And I don't know if there is a possible chance that Bitcoin would reach $50,000 by December 2020. Next halving of Bitcoin in May 2020 will give us the heads up if there is a chance to meet that $50,000 by the end of the month in 2020.

[Dreamr]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

Wait a minute, what would altcoin do if Bitcoin starts to bullish by the end of the year in 2020? And I don't know if there is a possible chance that Bitcoin would reach $50,000 by December 2020. Next halving of Bitcoin in May 2020 will give us the heads up if there is a chance to meet that $50,000 by the end of the month in 2020.

Nah. there is no sign for bitcoin price to even break the ATH and now you are talking of $50,000?
What are you thinking man? I don't think bitcoin will even recover to the all-time high price of $20,000.

[gentlemand]

If the batty numbers are to arrive I don't think it'll happen in 2020. There might be the beginnings of some rumblings of interest by that point, but my guess is it'll remain relatively uneventful overall until the following year.

If nothing of note happens in 2021 I wonder what people will make of it. I for one will be half unsurprised and half shocked out of my panties.

[Wexnident]

Bitcoin has the potential to reach 20k, but in the end, it is only potential. It depends on how the community squeezes out the potential of bitcoin completely and only then will we see Bitcoin reaching the top. Imo though, it would reach 20k not at Dec 2020 but rather the Q1 of 2021 instead. Dec 2020, we could still see the effects of the halving and comparing it to the past halvings, BTC price always goes down whenever halving occurs and only after a year would it start a bullish run. I do expect another ATH once 2021 or 2022 rolls out.

[MI6]

With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?

$50k, really have small possibility to happen. Maybe big pump, if i want to speculate is around january or maybe march because people will start to buy if they want to not late at halving. Halving ETA date is on May, so i think before that day, price can be pumped. But until how much i am not really sure.

[Ferris419]

No one knows actually. You can dream of it, even some people say Bitcoin will hit 100K USD, some say 1 Million, but no one can ensure you. To me, this is just daydream, Bitcoin won't hit 50K or 100K USD in 2020! I think it will go to 20K USD within the next year, that can be a good start for the next bull run!