Speculation will drive the btc ride further as always

[enhu]

On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

We cannot be overly optimistic and we cannot make comparisons with the past. the current price is dropping every day, the current price can't keep above $10,000 and see that there is currently Bakkt that many people (including me) believed would make the price much higher than $9000 . But the reality is that the price is not getting above $10,000.

or without New Fools, Bitcoin may drop to $zero.  

this is something very difficult to happen, especially in the very advanced adoption stage that bitcoin currently has

Bakkt were meant to stabilize the price of BTC which they are dealing fiat instead of real BTC. We can't expect the traders there to lift the price up when all that there is in bakkt are shorting for fiat. They were trying to subdue the market but when bullrun comes, probbaly after May 2020 they are going to lose money there because the real market of BTC are the exchanges where traders can actually send out the BTC going to the external wallets to our desktop wallets.

[darkangel11]

It also seems to me that now someone is manipulating the price, such a change is not typical for bitcoin.

It is easy to do because of small volume on bitcoin exchanges. When you're able to influence the market and start a panic or a rally by only throwing less than 1% of the supply to an order it's turning into speculator's dream.
This is also a good thing because there will always be greedy people willing to play the pump and dump game like in gambling there are always those willing to risk it even when the odds are against them.

We will see another BTC pump for sure!

[Kprawn]

The only speculation that is happening here, is your reasons for the use case for Bitcoin. There is a lot of speculation that Bitcoin is used on Dark

markets and that it is the primary use case, but if you actually go to Tor and browse around on these markets, you quickly realize that most of the

Dark market deals are done with Dash or Monero.     When you fire up your Firefox or Chrome and you browse around on the normal Internet

(ClearNet) you will notice that most online merchants accept Bitcoin as a legal payment option.  

[harizen]

Some says there is no use of btc and hence no demand of btc. So no one is buying.

You have to take note that massive buying can't be done by overnight even BTC is widely used or let's say heavily demanded.

Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.

Quick profit?

In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Speculation alone is not enough or should I say can't be the sole reason why BTC should reach $20,000, $40,000, $60,000. Also not a reason for BTC to go sub $6,000. There are already lots of positive predictions and speculations with a good analysis crashed along the way. Meaning, there are lots of factors to consider for this big pump or dump to happen.

Remember the last ATH? People are too optimistic back then that there is no chance we can see BTC again at sub $10,000 and the uptrend will just continue. That was big positive speculation that the majority takes, to the point that some sold their assets just to be involved in crypto. And what happens next?

Bitcoin will surely establish again it's another ATH. But for when, no one knows.

[pixie85]

Sure it will. Speculation is the fuel for Bitcoin. Of course Bitcoin has other qualities that can start a rally but sooner or later it comes down to speculation.

Like some rallies start with seller exhaustion, some with news of adoption, some with a whale buying a lot but they all end with speculators overbuying and hurting themselves so you can be sure that speculation will make BTC pump again.

[romero121]

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

[AmoreJaz]

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

what more can i say? adoption is growing so it means that there is actually demand for crypto or bitcoin in particular. merchants are accepting the fact that there is volatility risk involved, yet, they are now bolder in accepting crypto as payment method.
increasing number of entities accepting crypto, means they somehow believe in crypto or blockchain tech. because without any faith, i dont think they will join this revolution

[DevilSlayer]

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

what more can i say? adoption is growing so it means that there is actually demand for crypto or bitcoin in particular. merchants are accepting the fact that there is volatility risk involved, yet, they are now bolder in accepting crypto as payment method.
increasing number of entities accepting crypto, means they somehow believe in crypto or blockchain tech. because without any faith, i dont think they will join this revolution

The non-crypto users are now starting to adopt cryptocurrencies and it means that the crypto community is continuing to grow. The demand is increasing due to the awareness of the people. There are now also merchants that are now want to accept bitcoin. As the mass adoption is occuring, the bitcoin are continuing to gain power and many more governments are want to legalize it.

[Artemis3]

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Well i don't agree with the 40k, you are trying to do "twice" the latest peak, but it doesn't work like that. The natural price increase would be always lower as time passes. Something like 30k is tops. The entire history of bitcoin price clearly shows this logarithmic curve, which happens to match the price of things like precious metals.

Right now its 7k ish so something under 14k would be more natural think 12k or 10k.

As more time pass, less fluctuation in price will occur. Any deviation will eventually correct itself.

Because that 20k was way over its natural price, it corrected over the following year, so assuming that again as base doesn't make sense.

Of course, it all falls in the realm of speculation, but zoom out that graph and see for yourself. Now compare historic prices of other things, see where else this logarithmic curve appears. Yes, it starts with great rises and it slows down overtime. Think of this, Bitcoin going from 1 to 10, is the same as today going from 7k to 70k, which is clearly not happening at least not in a similar time period. What took days yesterday, may take months today and years tomorrow. That is how that logarithmic curve works.

[maxreish]

Some says there is no use of btc and hence no demand of btc. So no one is buying.

You mean, less buyers or less investors. Those who do not want to take the risk and not aware about btc's use were the one's who missed the opportunity.

Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Investors or traders want the dip, it is the opportunity to buy more btc at a lower price. Everyone make sentiments but at the end we only want profits. As you have said, halving event of btc will soon to happen and we can not do anything but to hold and wait for the major pump.

[CryptoBry]

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

And a very exciting, pulsating roller-coaster it is. Bitcoin is known to be a very volatile asset and this is where many traders can be making good money if they are playing their cards well but can also be a big risk when calculations are not made correct. There will always be speculations on Bitcoin all because we know so well its history and how it can be moving so fast or go down so quickly. In a way, we are all speculators with Bitcoin as nobody will be buying an asset convinced that it is going to be nothing but a thrash.

[Murat]

I don't think so, even I don't believe this way, day by day Bitcoin is becoming a complex platform for us because of its trend, we had a lot of expectation to this year that Bitcoin price would go up but we have seen the opposite situation, This time is so early to predict about the 40k, It's huge, following my recent time experience, I don't think Bitcoin price will go above 15k within a year because of not getting treated properly, not only that but also the trading platform is not running well because of losing value of every cryptocurrency at a time, whatever the situation, it should get fixed.

[btc78]

I don't think so, even I don't believe this way, day by day Bitcoin is becoming a complex platform for us because of its trend, we had a lot of expectation to this year that Bitcoin price would go up but we have seen the opposite situation,

thats wrong mate because we have reached $14,000 this year so for me that is more valuable than what we had the whole 2018

This time is so early to predict about the 40k, It's huge, following my recent time experience, I don't think Bitcoin price will go above 15k within a year because of not getting treated properly, not only that but also the trading platform is not running well because of losing value of every cryptocurrency at a time, whatever the situation, it should get fixed.

but yeah 40k$ is too much to look at when the truth is market is going in different way,i think instead of expecting high is we buy more and more bitcoin so investors will be lured when they see that market is growing righ?t

[crossabdd]

it's all just a prediction. in terms of use, bitcoin is still useful in sending funds, extensive transactions. it's just that, a lot of effort to weaken Bitcoin. so a lot of bad news about bitcoin. but believe me, bitcoin is always the best in crypto. prices will be high.

[LogitechMouse]

But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Since Bitcoin is considered a speculative market, I can say that yes speculation can drive Bitcoin but either to an uptrend or a downtrend since we don't know what can happen to the market.

You are only saying that Bitcoin can exceed 40k on May 2020 because of the halving that will happen on that month. If you will see the past movements of Bitcoin after halving, it rose up after halving but it took a long time and the same can happen again. I believe that Bitcoin will rise up in the future but it will take time to do it.

[topbitcoin]

Bitcoin is a completely new technology and a completely new experience. Let's wait and see where it would lead us. At least for the sake of being a pioneer, Bitcoin may survive for a long time. For the prediction of just 2020, I'm bullish. The halving would make bitcoin generation rarer.

Bullish too in here. As OP said might be high price can be reached because there are actually a lot of bitcoin uses  still happen. And for speculation, right or not nobody can really guess to where bitcoin price will go. For me, as long it really can be bull run, i think no matter time i hold for my bitcoin.

[peter0425]

it's all just a prediction. in terms of use, bitcoin is still useful in sending funds, extensive transactions. it's just that, a lot of effort to weaken Bitcoin. so a lot of bad news about bitcoin. but believe me, bitcoin is always the best in crypto. prices will be high.

for long years we have been seeing those Fudders and Fraudster yet what they prove?nothing but failure.at some point they take effect but in the long run?still Bitcoin comes to High and valuable.
being best online payment material?there are lots of things can be expected maybe not this soon but in future as that is proven already for how many years now.this year alone we've got 14$k and what more in future again?

[BeManga]

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

there is really a chance that bitcoin price will increase in May 2020 due to halving
there will be a price correction because the rewards will decrease in half the price will match the supply and demand.
this is not baseless speculation but a big fact about bitcoin.

[Bonenx14]

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

there is really a chance that bitcoin price will increase in May 2020 due to halving
there will be a price correction because the rewards will decrease in half the price will match the supply and demand.
this is not baseless speculation but a big fact about bitcoin.

but what you said hasn't happened yet and I think it's not a fact but it's just speculation. and we have to wait for this time to prove the speculation can only be said a fact. and to this day it is still said to be just research

[Orochimarukin]

I want to see bitcoin sub 6k so I can grab some then I want it to moonshot straight to 100k where I'll sell and it'll dump back to 10k(another 90% dump). Well we all speculate,  project and analyse but at the end of the day the market will do what it will. The halvening is already a major factor for speculation and I can confidently say that it will drive prices up quickly.