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Author Topic: Bitcoin in 2020?  (Read 2238 times)
team87 (OP)
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October 22, 2019, 08:50:41 PM
 #1

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool
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October 22, 2019, 09:58:53 PM
 #2

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

Most people including me say the same thing because there are too much expectations about Bitcoin halving in 2020. When the block rewards of miners will be cut by half on halving, it is expected to effect the Bitcoin price in a very positive way.

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October 22, 2019, 10:11:42 PM
 #3

Probably not by early 2020 but after that.

Most people including me say the same thing because there are too much expectations about Bitcoin halving in 2020. When the block rewards of miners will be cut by half on halving, it is expected to effect the Bitcoin price in a very positive way.
Yes, everyone is believing that halving will cause positive result just like what it did for the past years. You can start comparing on how much it increased after the event. I'm also hoping for that but let's all wait and see if the same effect would come.

Seven months to go.

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October 22, 2019, 10:14:28 PM
 #4

Possibly not early in year we'll see a lot of price bumps, the halving events won't be happening very early on, around May, I believe.

I also don't reckon we'll see a lot of adoption in the future, we are going to see a lot of focus placed on stablecoins and the government created crypto-currencies, but not on unstable options like Bitcoin.

In 2020, I reckon a huge focus is going to be on DEX's, especially with the issues we are seeing that are emerging out of centralized options.

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October 22, 2019, 10:42:19 PM
 #5

Yes, there are many who think bitcoin will rise in 2020 because of halving, I personally believe that without halving too
bitcoin will experience a price increase in 2020. Many factors make bitcoin stronger and the price will slowly rise. One factor
is that more countries in the world are adopting bitcoin in the lives of their people. And also the launching facebook crypto
which is libra could be the reason why bitcoin prices will soar high. Maybe there is no correlation because libra is a stable coin,
different from bitcoin. But I have my own belief that libra will make bitcoin rise. just see how bitcoin develops in 2020.

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October 22, 2019, 10:54:26 PM
 #6

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool
We are not sure about this but hopefully the halving will make a big pump next year. Bitcoin is the gold of our era and in time it will rise without any limit, a lot of hodlers are very optimistic they support bitcoin from bottom to top and that can also help the price up. The new ath will be made with a very much convincing volume from the buyers.
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October 22, 2019, 11:35:49 PM
 #7

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

When Lambo? when Moon? LOL. Too early to say that Bitcoin will rise in early 2020, halvening is in May if I'm not mistaken, however, don't expect that the price will shoot up overnight. Everyone should be patience and wait for months or even years to see the price going into another all time high. You also have to understand that everything is based on the law of supply and demand. So obviously, when there is huge demand in the next coming years then the price could shoot up, but no one has the crystal ball to see when it's going to happen so you have to wait and let the ecosystem flow.
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October 22, 2019, 11:37:00 PM
Merited by xiboothrezi (1)
 #8

So far, I just know one big reason, it is about "Halving" that is predicted to happen on May 2020.
You must know it since it is already stated many times on various discussions about Bitcoin price prediction in the next year.
Below, some articles related to Bitcoin halving :
1. https://www.coingecko.com/id/explain/bitcoin_halving
2. https://www.forbes.com/sites/billybambrough/2019/10/14/bitmain-ceo-jihan-wu-made-an-uncertain-2020-bitcoin-warning/#96f77af1ecc6
3. https://www.forbes.com/sites/billybambrough/2018/05/29/a-bitcoin-halvening-is-two-years-away-heres-whatll-happen-to-the-bitcoin-price/#68ffe7a55286

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October 22, 2019, 11:43:04 PM
 #9

is there any clear source .. ?? or you just guessed it, I'll just tell you, if more people know and deal with bitcoin, the price of bitcoin will actually decrease / cheaper, so the transaction is considered normal. but if the transaction is only certain people it will make bitcoin an antique ..

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October 23, 2019, 12:25:08 AM
 #10

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool
It's no question that bitcoin, and other crypto would become more popular as time passes by. We see continuous adoption by providers and retailers, even by some governments. The next halving would also occur estimated by 2020, so higher chances are it would create another pump in the prices. This is due to its increased scarcity/rarity, slower generation of blocks that provide new BTC, decreasing supply whilst maintaining high demand would likely increase the prices. People would also start to hodl more, refusing to sell their bitcoins because of its high value. Other miners may also give up, making it harder for mining pools to generate new blocks, potentially increasing the price because supply cannot keep up with the demand.
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October 23, 2019, 01:02:29 AM
 #11

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

Probably it will happen and maybe it will happen after the halving and price could reach not more than the ATH but it will stabilize the value between the range of $15k - $18K. And that is why it is important to have more bitcoin and best way to accumulate is to buy and sell some of the altcoins that is active and has big volumes.

Better to buy more while it is cheap because there is n way going back just like the last time it goes down below $3K. Also it will give us a lot of profit and really goos for long tterm holding.
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October 23, 2019, 01:11:37 AM
 #12

Many people are expecting that the next halving will cause the next bull-market, and many believe in the parabolic cycle. We cannot assure that 2020 is the year that it will occur but a lot of people are positive about it, that is why people are starting to accumulate bitcoin while the price is cheap.

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October 23, 2019, 01:29:00 AM
 #13

for the circulation of bitcoin I think there are many reasons that can trigger people to use bitcoin, one of which is to use bitcoin, all transactions become more convenient and faster and guaranteed efficiency, so if in 2020 many people use bitcoin as a transaction then the price of bitcoin can be very expensive and I'm sure that will happen.

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October 23, 2019, 01:35:28 AM
 #14

Many people are expecting that the next halving will cause the next bull-market, and many believe in the parabolic cycle. We cannot assure that 2020 is the year that it will occur but a lot of people are positive about it, that is why people are starting to accumulate bitcoin while the price is cheap.

2020 is the block halving year so don't expect something big to happen just because of that event. If bitcoin is a cycle, previous halving historical graph says 500 days before we see ATH on the first one, from it's lowest low and then 1000 days during the said halving.

So it might take longer to see another ATH after the schedule halving in 2020. Lowest price is $3k in 2018 so that will be the starting point as to how much parabolic rise we're going to see.

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October 23, 2019, 01:50:14 AM
 #15

okay okay okay
Everyone knows that the bitcoin halving is going to happen next year. Don't think that the event will make bitcoin rise in value... the hot hand fallacy. Just because the patterns show that it has happened in the past doesn't necessarily mean it will happen in the future. Maybe because it is so well known now it is already priced in the market.
The price of bitcoin in terms of USD value will increase if demand increases. This can happen in many sorts of ways... political uncertainty, current fiat monetary issues, capital controls imposed by governments, etc...
Or maybe the newly imposed QE of the Fed, ECB, and other central banks will create another boost in markets which in turn causes asset prices to increase, stocks could reach all time highs again, the housing market could continue its bull run, and even things like precious metals could reach new highs. With so much available cheap credit investors will be looking for good assets to "invest" in and many could flock to crypto and being that Bitcoin is king we could see all time highs in BTC as well.
We have never seen anything like this before in monetary systems at such a global scale, anything could happen. One thing I do predict is Bitcoin still has a major battle ahead. I believe the US government will eventually try to ban Bitcoin (as they have with gold bullion in the past) once it becomes a threat to the US dollar. Remember those who control the currency control the people. Governments will not just stand by and let a free currency flourish without a fight.
I am a huge believer in BTC and I hope for the best. I do not trade and I try to buy whatever I can with bitcoin to contribute to the ecosystem. I just regularly buy bitcoin every week, and pay my cell phone bill, VPN service, internet bill, merchandise, etc. Most people just hodl to "get rich" which imho is stupid. The best way to help bitcoin become mainstream is to actually use it as a medium of exchange. I hope 2020 will be a great year for BTC as most of my net worth is held in BTC and I'd like to buy me a Tesla next year... idk why so many people talk about Lambo's, bitcoin is the future, why not buy the cars of the future?...

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October 23, 2019, 02:03:47 AM
 #16

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

Hy also!  Grin Is that all there is to it? Actually, we've already landed on the moon when Bitcoin hit $100. Right now we have passed through it and are gone outside the milky way galaxy.

More and more people are familiar with crypto and the digital world. But how many, or perhaps few, of these people are looking at Bitcoin and crypto beyond their price in USD? 

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Fappanu
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October 23, 2019, 02:33:38 AM
 #17

Probably not by early 2020 but after that.

Most people including me say the same thing because there are too much expectations about Bitcoin halving in 2020. When the block rewards of miners will be cut by half on halving, it is expected to effect the Bitcoin price in a very positive way.
Yes, everyone is believing that halving will cause positive result just like what it did for the past years. You can start comparing on how much it increased after the event. I'm also hoping for that but let's all wait and see if the same effect would come.

Seven months to go.

Bitcoin halving in 2020 is the most awaited event for crypto lovers. But I'm still not convinced that this will cause the price of bitcoin and other altcoins to rise again. Because ICOs were also heavily involved in the past, prices of other altcoins were rising. But let's see, maybe by the end of the year we will see bitcoin prices rise slightly.
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October 23, 2019, 02:34:38 AM
 #18

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

Hy also!  Grin Is that all there is to it? Actually, we've already landed on the moon when Bitcoin hit $100. Right now we have passed through it and are gone outside the milky way galaxy.

More and more people are familiar with crypto and the digital world. But how many, or perhaps few, of these people are looking at Bitcoin and crypto beyond their price in USD? 
The ratio of people knowing bitcoin to the number of people using it is very low. This difference will change slowly with more and more adoption of bitcoin. As stated already bitcoin has touched the moon when there isn't any expectation or prediction about that particular price. Now the scenario is different, people keep on predicting based on various factor and important is the increasing usage.

Not this year or the previous year, long back itself there is big expectation over the year 2020. There is no concrete reason other than the halving, but almost every cryptocurrency enthusiasts and experts who are into the market used to put forth this statement. Let's hope for the best and experience good growth.

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October 23, 2019, 02:35:58 AM
 #19

I Bitcoin will be profitable in 2020. Just like on what happened in year 2017, the price of bitcoin becomes $20,000. I could still imagine it next year; hopefully, everyone gets chance to gain an investment next year.

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October 23, 2019, 02:41:17 AM
 #20

Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool

Not gonna be in early 2020. If you're talking about the Bitcoin halving in 2020, then probably the price will skyrocket on the last quarter of 2020 or early in 2021. If you follow the trend from the first halving in 2012, the price had grown 100x the year after the halving, and the same goes from the 2016 halving, where we had the whopping $20,000 Bitcoin ATH in 2017.

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