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Author Topic: 2020 will be a material year for crypto. What do you think?  (Read 1345 times)
The Cryptovator
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January 01, 2020, 05:14:12 AM
 #21

2019 was positive for bitcoin from both side prices and development. I really don't care about price that some people predicting about it will go million bla bla bla. More important is how bitcoin community expanding worldwide. Bitcoin fully decentralized currency and it's just depend on community. So when community will more stronger then we don't need to worry about prices. It will raise automatically. Also we have seen some development on last year on bitcoin like Lightning network, hope we will see more developments on this current year also. More Merchants adding bitcoin as a payment option and I believe it will increase more in 2020.

When more people could use bitcoin for real uses like buy goods etc then more new users will enter on it. And that's how 2020 would be a wonderful year for bitcoin users. I am expecting more countries will accept bitcoin legally on this year. Let's invite more newbies on bitcoin and build more strong community.
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January 01, 2020, 07:07:30 AM
 #22

Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.
this progress is what we all hope for here, this development and adoption will continue to be interesting plus halving is imminent, high hashrate and many others may jack up the price of bitcoin slowly and not make people suddenly get heart disease


Didn't someone say the same last year?
but 2019 has a difference in taste with 2020 will not be the same, so try to see in the near future

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January 01, 2020, 07:35:30 AM
 #23

2019 was positive for bitcoin from both side prices and development. I really don't care about price that some people predicting about it will go million bla bla bla. More important is how bitcoin community expanding worldwide. Bitcoin fully decentralized currency and it's just depend on community. So when community will more stronger then we don't need to worry about prices. It will raise automatically. Also we have seen some development on last year on bitcoin like Lightning network, hope we will see more developments on this current year also. More Merchants adding bitcoin as a payment option and I believe it will increase more in 2020.

When more people could use bitcoin for real uses like buy goods etc then more new users will enter on it. And that's how 2020 would be a wonderful year for bitcoin users. I am expecting more countries will accept bitcoin legally on this year. Let's invite more newbies on bitcoin and build more strong community.
           I think that is the exact mindset that should be spread thoroughly. So many predictions and chart readings so far many years ago, and some are accurate while some were not. I believe that what you've said is true and i support the idea of building the community to further spread the idea of what it is being discussed here.

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January 01, 2020, 07:42:53 AM
 #24

Yes, the team needs to focus on the technical aspect and latest technologies in order to make it lightning-fast as it takes hours to make a transaction through BTC and when it comes to price we are all aware it will increase some or the other day but we need to make it more adaptable so that BTC can be more widely used.

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January 01, 2020, 07:52:21 AM
 #25

I do agree 2020 will make things even spicier for Crypto specially bitcoin.

Loved to hear about splicing and dual funding, first time i hear of such stuff which looks really great so far.
About new technologies, it has always been like that during the course of forward / future time, evolution is the key in these days.

And you are right, considering there will be a halving, prices will get bigger due to the demands required by the miners and buyers.

Nothing to see here
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January 01, 2020, 07:58:11 AM
 #26

Yes, the team needs to focus on the technical aspect and latest technologies in order to make it lightning-fast as it takes hours to make a transaction through BTC and when it comes to price we are all aware it will increase some or the other day but we need to make it more adaptable so that BTC can be more widely used.

There are numerous topics concerning on how to efficiently utilize bitcoin transactions in limiting its power consumption needed for each block transaction to be processed. With this regard, many said we need to improve our source of electricity but in fact, it is quite easier and efficient if we improve the technicalities of bitcoin in its internal coding structures. In addition, we could add more updates to better open up opportunities for bitcoin to be widely accepted throughout the entire world.
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January 01, 2020, 11:45:54 AM
 #27

It has always been a significant year every year. We always see this kind of post. I think it is best just to see any progress this year and don't put too much hope on the upcoming halving so that we won't be disappointed. This year had already been great since there had been a significant rise on the market price of bitcoin, compared to the price last 2018.

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January 01, 2020, 12:00:10 PM
 #28

Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.
I agree, mining is going to become a whole lot more difficult and expensive after the Initial Block halving.
From here on out things begin to seem centralized, a small few who control the majority share of the mining.
  This is why I believe Bitcoin is open source, so that resolutions can be made in the form of better consensus algorithms, scalable blockchains, and any other problem Bitcoins original code can't address.

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January 01, 2020, 12:09:33 PM
 #29

Waiting for second week on January 2020 with bitcoin keep lower price or will grow up to higher price, we only trust bitcoin can back to higher price because always in four each year bitcoin price give something bigger to investor with bitcoin halving and can make price on the top, maybe need take time when bitcoin and altcoin back with higher price.
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January 01, 2020, 12:52:12 PM
 #30

Waiting for second week on January 2020 with bitcoin keep lower price or will grow up to higher price, we only trust bitcoin can back to higher price because always in four each year bitcoin price give something bigger to investor with bitcoin halving and can make price on the top, maybe need take time when bitcoin and altcoin back with higher price.

bitcoin always gives an increase in price when halving, if the price can then there will be a bitcoin opportunity to pump. and this is really awaited by many people, usually when the pump price will be a lot of new investors coming and hopefully a lot of good this year

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January 01, 2020, 01:42:30 PM
 #31

I feel 2020 will be a year of consolidation and accumulation price wise before continued exponential growth in 2021, as the technical and development side still needs time to catch up to implement improvements, but it doesn't seem that far off either. The hash rate for example is 700% (8x) higher than it was when Bitcoin was at $20K, but I feel the technical side isn't 8x better than the end of 2017, even if it's maybe 3-4x better at best. I feel the tech also has to reflect a $50K-100K Bitcoin value, before price starts to move in that direction.
Once the dev improvements have caught up with the network strength (fundamentals), price will follow suit in my opinion.

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January 01, 2020, 03:13:44 PM
Last edit: January 01, 2020, 03:24:43 PM by cryp24x
 #32

If we will base our answer on the chart, I think it will be a difficult to determine. But everything is possible in Cryptocurrency due to volatility and because of that year 2020 will be a possible year for Crypto. What we must do is to ensure that we are always ready for this event. Predictions are good but being ready is better.
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January 01, 2020, 03:36:17 PM
 #33

As the supply will become scarse demand will be increased. The cycle is going to turn with all the developments going on technically and will halving people will start buying again.
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January 01, 2020, 03:45:09 PM
 #34

in fact, people are still trying to develop bitcoin until now, whether it's for technological or business developments. but, it seems like the development of bitcoin is currently still focused on the payment system and also the acceptance of other countries. a few months ago countries in Europe began to open the door to this technology, I think they will also try to develop this technology and use it to their advantage.
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January 01, 2020, 04:08:10 PM
 #35

Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding.
I am looking after the technical development and we need a good solution for scaling than the system we have right now, i am not a big fan of lightning network and i do not consider it as a solution for scaling but a side project but i am looking forward for another solutions and i am not expecting something emerging just like that but in the next five years, when it comes to price i am expecting a good year by 2021 after the halving but as a bitcoin fan i want the perfect scaling solution for it to become a global currency.
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January 01, 2020, 04:41:37 PM
 #36

Didn't someone say the same last year?

There was quite a lot of material progress in 2019. Price was around $3500 at the start of the year, it's now about $7,200. So double. One of the best asset performances across the world.

That's pretty good progress. If we end next year doubling again at $14,000, that will be extremely good progress too.
i agree those people who invest in bitcoin at the start of the year already gain some profit and halving will come in May this year
im just also expecting for the price to double before or after the halving





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January 01, 2020, 04:48:25 PM
Last edit: January 01, 2020, 05:06:37 PM by bobitza
 #37

Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.
Happy new year 2020! Wish all the best! I agree with your comments. We all have high expectations for Bitcoin in 2020. Bitcoin will rise in price and reach new heights. If bitcoin becomes the official currency and goes into use in daily life, then bitcoin investors are lucky and make a lot of profit from investing in bitcoin.

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January 01, 2020, 04:51:06 PM
 #38

Honestly I think BTC will make progress , not only in price progress but also  technical development will be happened. And we, most of the crypto lover dont focus upon that point. It is Lightening network. The core team is working on it. The team will implement new changes to support basic multi paths payment. There will be 2 new technologies, splicing and dual funding. And both of them will improve the user experience.
And halving will make mining more expensive and production cost will correlates the ultimate market value of btc.

Well surely bitcoin has gone through some phase and they get more experience, and to put it mildly.
But again, the biggest problem is price volatility, leading to less application around the world, and what matters is that bitcoin is consumer-friendly and hinders bitcoin mining.
It is very important for users to be satisfied when using btc.
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January 01, 2020, 05:08:14 PM
 #39

I think we're in for a change, but I'm afraid it's only going to get worse. We just have to wait.

Be prepared for everything that are possible happen so you won't regret because you are already ready. For example, you want to invest for bitcoin then save some money that you can use so you can hold it for another year at least you can you another money.



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Rainbot
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January 01, 2020, 05:10:52 PM
 #40

Didn't someone say the same last year?

No, no one can say this last year because this is the halving year and not the last one. This year is the much awaited year because we are going to experience halving in the mid of this year and that will be the start of the another bull run.
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