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Author Topic: Speculation will drive the btc ride further as always  (Read 755 times)
fullhdpixel
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December 13, 2019, 02:50:07 PM
 #41

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 are people who are not interested in buying, their problem is that they hate cryptocurrency and they hate that there are people who became millionaires by investing in Bitcoin, so they just want it to fall and vanish for good. Just like some of my friends that hates cryptocurrency for same reason, and that's part of the reason I chose to stop telling them about it.

They are pissed that I was able to achieve something from it and they think it's too late for them and they might invest and lose their money. So they are scared to invest and therefore they are calling Bitcoin and keep saying that one day it will crash for good and the world will forget about it lol. I will be happy if the price should go up again Cheesy.

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Inkdatar
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December 13, 2019, 04:59:47 PM
 #42

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.
Everyone can speculate about btc to what prices it will headed. That halving I believe there is a tendency about bitcoin to increase in the market. Everything can happen in bitcoin but one thing I am positive about is it's value that may pump soon.
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December 13, 2019, 06:47:25 PM
 #43

Speculations will go on as long as Bitcoin exists since the market is so volatile, a lot of people will make a bet and continuously predict the price of Bitcoin in the future but I agree with what OP said that speculations may somehow attract other people to invest in Bitcoin because of FOMO.

 
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December 13, 2019, 08:18:54 PM
 #44

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.

All the virtues that bitcoin has are thrown aside when one looks at how much price varies. Each year has been special to itself, and it's no wonder if that just happens, but maybe now it's being ordered to go $ 40k +
I sincerely hope that the bitcoin satan is still in the game, and that as many people use it, and I'm not worried about the future.
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December 13, 2019, 09:07:55 PM
 #45

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.
Therefore, demand and supply will always be there and we cannot conclude if there is no demand in the market, because as long as there is any market there at least crypto has become another preferred option for a certain majority, besides that there are still other factors that will keep prices going pushed upwards because with the big event that will happen later at least it becomes something that will be very possible for a large pump.

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December 13, 2019, 09:42:40 PM
 #46

Speculations will go on as long as Bitcoin exists since the market is so volatile, a lot of people will make a bet and continuously predict the price of Bitcoin in the future but I agree with what OP said that speculations may somehow attract other people to invest in Bitcoin because of FOMO.
Recently, I have observed a positive trend regarding bitcoin.Many influential people at the seminars recommend that investors spend up to 20% of their assets to buy bitcoin.And many do follow these tips.So it is difficult for me to predict what the price will be in the future,but the fact that many people already see a potential benefit in bitcoin is already good.
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December 13, 2019, 09:53:53 PM
 #47

Bitcoin is under constant pressure, speculation takes bearish and bullish extremes, for that reason the ups and downs occur, however in the long term, the upward trend is expected to continue, there are good expectations for the year 2020.
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December 13, 2019, 10:26:29 PM
 #48

Bitcoin is under constant pressure, speculation takes bearish and bullish extremes, for that reason the ups and downs occur, however in the long term, the upward trend is expected to continue, there are good expectations for the year 2020.
That expectation will not disappoint us next year, greater heights can be reach and the progress will continue. Speculation gives different perspective especially if its a FUD but if in the long run we will still go up because that is the goal for bitcoin. Halving will become the best reason for that, prepare now while you still can because the cheap price of bitcoin is on the market now.

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December 14, 2019, 07:53:44 AM
 #49

No offence at OP but currently speculation alone can't push bitcoin to such crazy prices again. We need more people using bitcoins to increase the demand of it so as to bring the prices up. Another thing that can also help increase the price of bitcoin is the halving of bitcoin block reward come May 2020. These are some of the factors that i think can bring real value to bitcoin in the nearest future.

yes, I agree with that we cannot rely on speculation to drive the price of bitcoin. in my opinion we have to use real bitcoin so that demand for bitcoin continues to increase and makes the price go up. bitcoin prices are greatly influenced by demand and supply. then these requests and offers are greatly influenced by news, FUD and FOMO. if we just hold and speculate then I think it will not have an impact on the price of bitcoin.

 
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December 14, 2019, 08:31:17 AM
 #50

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.

The only thing I can say about this coin halving is that it's so much overrated. Last time we have coin halving was in 2016 and nothing notable happens. Very recently Chinese presented statement on blockchain created a pump that vanished very quickly. If any hike in price happen due to coin halving it will be short-lived and will not last very long.

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December 14, 2019, 09:26:33 AM
 #51

There will always be different speculations about the future price of Bitcoin. There are people who have quit and chose to leave there target goals unreached because they're doubting about the future of BTC. As for me, a good profit will still come to those who have the patience to wait until it reaches a good value in the future and I have no doubt of its capability.
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December 14, 2019, 09:33:49 AM
 #52

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.
As we all know the market price of bitcoin depends on the supply and demand , as of today the market price of bitcoin was low and I think the market price of bitcoin will recover in the coming months since there are so many many delays in the market price of bitcoin. A lot of speculations but surely bitcoin market price will recover the price go down quickly and surely a lot of investors could easily reinvest.

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December 14, 2019, 10:02:54 AM
 #53

No offence at OP but currently speculation alone can't push bitcoin to such crazy prices again. We need more people using bitcoins to increase the demand of it so as to bring the prices up. Another thing that can also help increase the price of bitcoin is the halving of bitcoin block reward come May 2020. These are some of the factors that i think can bring real value to bitcoin in the nearest future.

Bitcoin already had a value, It just need people to believe on this technology's capability. It did reached the $20,000 level, and that time Bitcoin began to have a lot of people/followers who invested with the hopes of "getting rich overnight", or we call them the weakhands.
Though, the market has been manipulated by big players, but retail investors role is somehow vital for the future of Bitcoin. 
Manipulation, speculations, and sentiments are the factors that drives the market value of Bitcoin.

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December 14, 2019, 10:26:09 AM
 #54

We always hope for the best to come and I believe it will come. As to when, its still a question. That May 2020 speculation is somehow achievable. But of course we must not be expectant about it. Its better just to jold btc for now as soon as the best will come. Bitcoin will always go further as always.

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December 14, 2019, 10:36:46 AM
 #55

It is true that speculation sometimes influences bitcoin price movements, although now I see that there are two parties who make speculations.
The first party really expects the price of bitcoin to fall below $ 7,000 and the second party expects bitcoin to be hold until 2020. Each party has
its own interests, the first party expects bitcoin to fall below $ 7,000 because it wants to buy bitcoin on cheap prices. While the second party
expects bitcoin to be hold because they have already bought bitcoin above the price of $ 7000, and are expecting bitcoin will bull run until halving
in 2020. In order to get a big profit.If it bitcoin bull run until halving the price of $ 40k is too optimistic to achieve, in my opinion a realistic price of
$ 20k. Let's just wait and see bitcoin will move which way.

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palle11
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December 14, 2019, 10:50:23 AM
 #56

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

This areas of 6k would have had some analysis because this is the first thread I see that feels such bear is considered by the time around the halving. Almost everybody is toping btc to bull by such time.
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December 14, 2019, 12:25:28 PM
 #57

It all comes down to one's personal beliefs. However, I see current situation being manipulated by the whales through artificial sell orders. They are, too, anticipating for the next halving, pushing the price further down to buy at its lowest. Which might prove the point of speculation, but soon, when adoption becomes more widespread, Bitcoin could be used more and thus demand follows.
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December 14, 2019, 01:11:48 PM
 #58

It all comes down to one's personal beliefs. However, I see current situation being manipulated by the whales through artificial sell orders. They are, too, anticipating for the next halving, pushing the price further down to buy at its lowest. Which might prove the point of speculation, but soon, when adoption becomes more widespread, Bitcoin could be used more and thus demand follows.
We can't stop people from being optimistic for the upcoming halving and pretty excited to see how it affects the trend. But couldn't think that whales are also anticipating such possible bullish and they try to take advantage of the current market price. I'd never think that we are fully manipulated by whales, we know what they are capable of besides, they do this before but the trend we have today is something different.
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December 14, 2019, 02:11:18 PM
 #59

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.

I'm very excited about the realization of all these predictions, speculators will never stop speculating and shills and FUDS will continue to play their games, it's given but in the end, the positive speculators will win the game and will push Bitcoin to another all-time high, everybody it seems are on high gear right now.

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December 14, 2019, 02:16:25 PM
 #60

It all comes down to one's personal beliefs. However, I see current situation being manipulated by the whales through artificial sell orders. They are, too, anticipating for the next halving, pushing the price further down to buy at its lowest. Which might prove the point of speculation, but soon, when adoption becomes more widespread, Bitcoin could be used more and thus demand follows.
I do speculate the prices but didn't follow it somehow. It's like we need to weight whether we trust our instincts or skill too much or just simply playing safe. But as long as many believes and provide better services like in blockchain and crypto projects adoption can always happen, we just need to be more focus improving the products that may adopt by many.
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