Could Bitcoin increase as in 2017?

[Youri.btc]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

[btc_angela]

To be honest, no one really know's what the future will bring to us. Everyone here wishes to experience and see another bull run like in 2017. But you have to keep in mind that  (1) crypto market is very volatile and unpredictable (2) it is a speculative asset, there could be people behind that can manipulate the price. The only thing that can potentially push the ecosystem in the block halving in 2020. And that is what people are waiting that can start a bull run and see another price boost similar to 2017. But the price won't go to $20k overnight, it might takes months or years.

[figmentofmyass]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

in other words: "question #1, will bitcoin make me rich?"

there's a wide spectrum of opinions. nouriel roubini (famous NYU economist) says it's headed to $0: https://www.cnbc.com/2018/02/06/bitcoin-price-will-crash-to-zero-nouriel-roubini-says.html

some bitcoiners around here think each BTC will be worth millions someday. others believe the early fast growth area is waning and the gains will be much smaller in the future. meanwhile, the elliott wave believers are planning on a prolonged bearish cycle back to $1000 or below even if we go to the $30ks first: https://bitcointalk.org/index.php?topic=5128394.msg53171045#msg53171045

there's something for everyone!

[rdluffy]

A lot of people will say yes, but you have to consider the situation of 2017, a lot of people in my country sold cars, stuff and even houses to buy bitcoin, this was the reason of that insane pump
After that, people lost money, and these people won't buy btc again, so we need new people or big investors to create a huge rally like the one of 2017

[STT]

Price is not first, usage is first and Roubini sees BTC as heading to zero as he believes it has no use.   Yet recently I heard him recommend those in Lebanon who have corrupt government have their best option in Bitcoin so he finally sees a usage for those most in need.     There you have it, Bitcoin is an essential fallback for society that is centralised to the point of failure.  
    I do follow many of these big bears who predict the downfall of Bitcoin, because they comment on macro economics and BTC is very much a global phenomena so relevant.   The most reasoned response I hear for BTC for any who believe it will not have success globally is that it will always have some value in the hundreds of dollars as a useful online tool in a token type way.    Of course why should Bitcoin not be traded as many things are online, its just a far more fungible and more divisible unit then the barter type trade that goes on in all sorts of ways.  Of course the origins for BTC ran parallel to a card trading site, not surprising as people can and do value and market trade almost anything at all.
  In a weak currency environment we have the promotion for many types of trading, from classic cars and art to little toy trinkets these are prices related to currency strength and fine art can be used as currency by those who wish to avoid registering large dollar amounts.
   BTC is at least at a level where it will keep some value as a base line because if secure it is useful to many and has demand in some unique way.

The bigger picture is does Bitcoin accumulate in value and use by an increasingly wider audience.   Forget price really as that does follow this question will Bitcoin be more useful then alternatives, if you can really figure out its competitive advantage over the alternatives then you got the strong basis whether to invest or not and what are your risks long term in doing so.

[carlisle1]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

just read the answers on this thread https://bitcointalk.org/index.php?topic=5205956.0 since almost the same question,the only difference is the title lol.

if 2017 did break the all time high Before that day,so why cant in the next years?specially now that halving is on the way?of course it will grow more than 2017 ATH.

[jossiel]

It is bitcoin and its known for having a character of volatility. Yes, we may see or we may not see an increase just like what 2017 did in the past. It wouldn't be the same as quick in skyrocketing but there is a chance as usual for bitcoin to get back on that track.

Are you thinking of investing right now because of that possibility?

[NeuroticFish]

If we'd be able to read the future, we could have been already rich. So no, we don't know what will happen.
There's a pretty good chance a 2017-like FOMO bubble will happen again, but nobody can tell you when that'll happen.


PS. Let's not be fooling each other, this is a question from people "passionate" about their investment returns, not really the technology.

[CryptoBry]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

The right answer is that nobody knows what can be. Now, if you are looking for speculations, ideas and opinions then those can easily be found online. Right now, because of the coming Bitcoin rewards halving, there can be an increase of the FOMO maybe starting next month right after the end of the holiday season, people for this month are busy with the coming Christmas and New Year celebrations. We should always remember that predictions coming human beings and even robots usually do not come true. We can only hope, wish and even pray that Bitcoin can be jumping like a kangaroo and reach the "moon" just like 2017 but at the end of the day those are just what they are.

[mk4]

You're in a bitcoin forum, full of long-term bullish bitcoin people. What opinions do you expect? Of course you're mostly going to get "yes" answers. If people here think that bitcoin wouldn't be able to reach it's all time high of around $19,700 in the future, then I can almost guarantee that there will be only a few people holding bitcoin.

If you really want to know what people think, ask elsewhere. Though you're going to get mostly "bitcoin is a scam" replies lol.

[LFC_Bitcoin]

We will see the same kind of % in price rise as seen in late 2017 but it won’t be until possibly 2021, the reduced supply of coins on the market due to the halving in May 2020 will take some time to take effect.

[Theb]

The one we have experienced in 2017 wasn't really expected to happen and the price increase was actually brought by FOMO more than the demand itself that's why it went up to almost 20,000$. So to answer your question yes it's possible to reach that price again and maybe more but the reason of the increase might be because of the increase in demand and not the FOMO since we are having a hard time going back up there even with just the FOMO alone.

[Hippocrypto]

We will see the same kind of % in price rise as seen in late 2017 but it won’t be until possibly 2021, the reduced supply of coins on the market due to the halving in May 2020 will take some time to take effect.

Hopefully this situation will not be bearish just like what is happening several months until December. We seem to experience more dipping of bitcoin price together with other promising alts in the market. The halving influenced a lot of variations, which contributes to the unpredictable market price.

[Leon83]

The one we have experienced in 2017 wasn't really expected to happen and the price increase was actually brought by FOMO more than the demand itself that's why it went up to almost 20,000$. So to answer your question yes it's possible to reach that price again and maybe more but the reason of the increase might be because of the increase in demand and not the FOMO since we are having a hard time going back up there even with just the FOMO alone.

At the next bullrun (late 2020 to 2021?) the FOMO effect might happen amongst 3 different groups. All with the 2017 bullrun in mind.

- Traders/investors that are already in the crypto space.
- Institutional investors(!).
- New people that has been on the sideline and being sceptical about crypto since 2018/2019. These will even FOMO in at $50k+ !

[Reid]

If my belief will be question then "Yes". But when? I dont really know. I just have the feeling that it will reach that number again and maybe more.

It is difficult to believe though but when you have been thru it and saw how it happened, there is this deep instinct that it can reach amounts that could never be done by any commodity.
Still, it would be your decision. I don't want to force anyone to my own belief. I am just sharing here and I hope you do respect my opinion.
If ever it happens, then we are one hell of a lucky investor. 

[arwin100]

We will see the same kind of % in price rise as seen in late 2017 but it won’t be until possibly 2021, the reduced supply of coins on the market due to the halving in May 2020 will take some time to take effect.

Hopefully this situation will not be bearish just like what is happening several months until December. We seem to experience more dipping of bitcoin price together with other promising alts in the market. The halving influenced a lot of variations, which contributes to the unpredictable market price.

More people hope that there will be a good thing happen on December and hopefully we will not experience more dip since it's really depressing to see those price to go down for more since maybe it could create a fear. That's why we need to see a great things from the market today so that the confidence will grow and the adoption will follow.

Let's hope for the best on upcoming 2020 next block halving.

[AliMan]

If my belief will be question then "Yes". But when? I dont really know. I just have the feeling that it will reach that number again and maybe more.

It is difficult to believe though but when you have been thru it and saw how it happened, there is this deep instinct that it can reach amounts that could never be done by any commodity.
Still, it would be your decision. I don't want to force anyone to my own belief. I am just sharing here and I hope you do respect my opinion.
If ever it happens, then we are one hell of a lucky investor. 

You got my respect man, it's not a problem if we share good thoughts here and that up to anybody who embrace that ideas. Nobody can say a specific words for bitcoin to commence at similar increase to be compared from year 2017, because we still on the worst situations which needs to be corrected. I wonder why other people was dreaming of huge price over the current scenario, since weren't yet recovering from bearish market domination.

[Naficopa]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

If you're passionate about Blockchain technology, then you should first ask yourself if you think this technology is good and will change the future. If you think so, then look that the adoption is just starting the same as the adoption of Bitcoin. When it is accepted by the entire world market, its price may rise much more than in 2017.

[wheelz1200]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

Oh course anything can happen.  To say something definately cant happen would not be able to be said in terms of price for bitcoin.  Will it happen or is the probability high that it will happen is another question.  I do believe their is another parabolic raise in price that will edge bitcoin towards mainstream we are still so far away

[Clement Kaliyar]

We will see the same kind of % in price rise as seen in late 2017 but it won’t be until possibly 2021, the reduced supply of coins on the market due to the halving in May 2020 will take some time to take effect.

Majority of the investors are expecting this to happen after the halving but my doubt is that is it even possible to have a rally like that, reduction of coins that is available in the market is a fact but you need more investors in the market too, the last rally was made possible because there were many new investors in the market because of the introduction of options market and there was a huge hype and exposure and if we want to see the same rally we need to have that kind of hype and investment pouring in the market.