Bitcoin Can Gain 100% In 2020 - Halving Not Priced In, Says Fundstrat

[Savemore]

Why would I believe to their statement? Is the writer is from the future? He has not have enough evidence to say that. People always getting hype to many prediction that can lead to huge losses. People are too excited on the prediction all ove the internet. It not makes sense after all so it is better if we will just focus on present situation.

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[EdvinZ]

Halving of Bitcoin, which is expected in the spring of this year, should undoubtedly be a good reason to buy It. Many expect an increase in the price of digital gold in connection with this event. It should be noted that these expectations are not groundless, because during the previous halvings, the price of Bitcoin grew. We do not know whether the price will increase twice or less, but it is very unlikely that the price will not react to this event in any way.

[pikkie]

no one can provide predictions of that price increase because some time ago bitcoin also experienced halving but the price still could not rise, bitcoin price increases could be done when there were many who bought bitcoin and increased demand for bitcoin, for example many countries began to receive payments using bitcoin then that can provide a guarantee of rising prices because there will certainly be many who use bitcoin to make payments and it will be increasingly difficult to get bitcoin.

[meliodas]

We are still in the early stage to tell if the halving price is in. All I know is the price of bitcoin is so undervalued right now and it deserve to reach at least x3 of its current price for us to tell that the price of bitcoin is normal. Halving and upcoming blockchain adaptions are assurance that the price of bitcoin will continue to strive in the next years.

[exstasie]

Tom Lee has often been a contrarian indicator. However, this may be one of those "even a broken clock is right twice a day" moments.

I'm glad to see his prediction for 2020 (>100% gains) is relatively tame. That doesn't even suggest a new ATH this year. I guess he learned his lesson after becoming the butt of every joke in 2018.

The motive behind suspect crypto news published in 2019 remains undetermined.

It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin. To create a lower buy in point. With the end goal of maximizing profits from bitcoin's 2020 halving.

I think BTC's 350% rally in the first half of 2019 just triggered major profit-taking and correction. No market goes up in a straight line after all. And during bear markets (like the last 6 months) commentators tend to focus on negative stories because they're trying to explain price drops.

[The Sceptical Chymist]

The motive behind suspect crypto news published in 2019 remains undetermined.

It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin.

I don't regularly read crypto news, but my impression has been that their standard of journalism is extremely low, i.e., that they don't just report facts but might have biases toward or against certain coins and rely on rumors and/or sketchy sources for news.  I'm not really sure there's anything external like a bunch of whales or anything like that, but it's certainly possible.

Bitcoin certainly could gain 100% or more in 2020--it did that in 2019, too.  That's not much of a prediction IMO.  As far as whether the halving is already priced in....well, that's something I've been wondering about myself.  I thought it was in 2016 and then the price went haywire afterward, so who knows.  I also don't know if the gains we've seen recently have anything to do with it, but I'm not going to lose any sleep because I can't explain it.

We are still in the early stage to tell if the halving price is in.

I'm not sure how you can ever tell.  Even if the price rises after the halving, there's no telling what caused the rise with certainty. 

[bitcampaign]

news articles are indeed one of the sources to manipulate the market, I have learned a lot from the experts in this forum do not even believe in crypto news sites that often do this manipulation, bitcoin increase in 2020 whether it's before or after halving is already far many people predicted why that could happen, this question is easy to answer which is that maybe a lot of people who lost money since 2 years ago bitcoin fell bloody in the bear market, maybe now investors and traders feel confident that it's time for the bitcoin market to be bullish now, we are already here now

[monineklutak]

We are still in the early stage to tell if the halving price is in. All I know is the price of bitcoin is so undervalued right now and it deserve to reach at least x3 of its current price for us to tell that the price of bitcoin is normal. Halving and upcoming blockchain adaptions are assurance that the price of bitcoin will continue to strive in the next years.

in terms of reasons it is true halving will have a positive impact, but it all depends on demand, it's useless if the future demand is getting lower, Bitcoin must prioritize a mass adoption

[Genemind]

I'm one of those believers who certainly believe that Bitcoin halving would affect the price of Bitcoin positively. I believe that it's one of the best things that could influence the market situation. Lots of us have been waiting for this time to come so I'm hopeful that most of us could gain a good profit this year. I just wish that the Bitcoin price would go better in the coming  days.

[sana54210]

Considering we have started the year around 7k levels, going over 14k wouldn't really be a difficult challenge for us. I mean surely we can hope for a 14k in a year where halving will happen right? We almost reached 14k last year when there was nothing major going on, 13.8k is fairly close to 14k.

However reality is, peaking at 14k is way different than staying at 14k. If we are going to reach 14k this year but fall back to lower levels later, that doesn't really mean anything, we reached there in 2019 as well and actually spent a lot of time at around 10-11k levels as well, for months we fought against dropping under 10k, in the end we finished the year at 7k nevertheless. So, I am hoping to "stay" around 14k and not just reach it, reaching wouldn't matter.

[wildan88]

Why would I believe to their statement? Is the writer is from the future? He has not have enough evidence to say that. People always getting hype to many prediction that can lead to huge losses. People are too excited on the prediction all ove the internet. It not makes sense after all so it is better if we will just focus on present situation.

You are right, there are many people out there who often predict anything about bitcoin in the future, of course everyone is easy to say anything about bitcoin but no one can predict it exactly. but as long as it predicts about future increases I am always happy to hear it, because I have good optimism about bitcoin in the future. its right, it's better to focus on quantity.

[Wysi]

Why would I believe to their statement? Is the writer is from the future? He has not have enough evidence to say that. People always getting hype to many prediction that can lead to huge losses. People are too excited on the prediction all ove the internet. It not makes sense after all so it is better if we will just focus on present situation.

You are right, there are many people out there who often predict anything about bitcoin in the future, of course everyone is easy to say anything about bitcoin but no one can predict it exactly. but as long as it predicts about future increases I am always happy to hear it, because I have good optimism about bitcoin in the future. its right, it's better to focus on quantity.

This year had started with positive trend which makes us believe in positive predictions and let's hope this year will be the year of bitcoin after a long bearish market, even I was optimistic about bitcoin until it dropped under $5k so let's focus on reality and consider predictions but not rake action only based on predictions.

[worle1bm]

The motive behind suspect crypto news published in 2019 remains undetermined.

It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin.

I don't regularly read crypto news, but my impression has been that their standard of journalism is extremely low, i.e., that they don't just report facts but might have biases toward or against certain coins and rely on rumors and/or sketchy sources for news.  I'm not really sure there's anything external like a bunch of whales or anything like that, but it's certainly possible.

I remember watching a video on YouTube which outlined all famous responses from big celebrities like CEO of JP Morgan as well as articles published by famous new media sites and how all these were linked with the fall of Bitcoin prices in 2018. It may sound like a big accusation but I strongly believe that fall in the value of Bitcoin during 2018 was orchestrated. Big fishes tried to demean Bitcoins, thereby prices fell and they accumulated big chunk of supply.

In 2019, the number of such statements and articles reduced dramatically. As a result, price is rising again. So maybe we all are unaware and it is possible that big billionaire forces trying to control Bitcoin market.

[wildan88]

Why would I believe to their statement? Is the writer is from the future? He has not have enough evidence to say that. People always getting hype to many prediction that can lead to huge losses. People are too excited on the prediction all ove the internet. It not makes sense after all so it is better if we will just focus on present situation.

You are right, there are many people out there who often predict anything about bitcoin in the future, of course everyone is easy to say anything about bitcoin but no one can predict it exactly. but as long as it predicts about future increases I am always happy to hear it, because I have good optimism about bitcoin in the future. its right, it's better to focus on quantity.

This year had started with positive trend which makes us believe in positive predictions and let's hope this year will be the year of bitcoin after a long bearish market, even I was optimistic about bitcoin until it dropped under $5k so let's focus on reality and consider predictions but not rake action only based on predictions.

So you're saying you're optimistic that bitcoin price will drop to $5k? as you said this year has started a positive trend, and in my opinion there will be no correction to $ 5k.
3-4 months ago the support was quite strong at 6500 and has never even touched below 6k so far. of course I focus on reality and look at the chart and it will help a little.

[Webetcoins]

The motive behind suspect crypto news published in 2019 remains undetermined.

It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin.

I don't regularly read crypto news, but my impression has been that their standard of journalism is extremely low, i.e., that they don't just report facts but might have biases toward or against certain coins and rely on rumors and/or sketchy sources for news.  I'm not really sure there's anything external like a bunch of whales or anything like that, but it's certainly possible.

I remember watching a video on YouTube which outlined all famous responses from big celebrities like CEO of JP Morgan as well as articles published by famous new media sites and how all these were linked with the fall of Bitcoin prices in 2018. It may sound like a big accusation but I strongly believe that fall in the value of Bitcoin during 2018 was orchestrated. Big fishes tried to demean Bitcoins, thereby prices fell and they accumulated big chunk of supply.

In 2019, the number of such statements and articles reduced dramatically. As a result, price is rising again. So maybe we all are unaware and it is possible that big billionaire forces trying to control Bitcoin market.

It is rising because of its strength and widely acceptance. It will surely rise high in this year also. I have placed great hopes with crypto market this year also. As it didn’t disappointed us in past we will not be disappointed in future also. Beside that loses are also part of business it makes you more expert of your trade. We will get more positive reviews this year also.

[maye5104]

It's very difficult and reminds a conspiracy theory. It is more realistic to believe that the effect of upcoming halving has started showing in and hence we are seeing a surge in bitcoin price.

[worle1bm]

~unquoted text~

It is rising because of its strength and widely acceptance. It will surely rise high in this year also. I have placed great hopes with crypto market this year also. As it didn’t disappointed us in past we will not be disappointed in future also. Beside that loses are also part of business it makes you more expert of your trade. We will get more positive reviews this year also.

Can you tell me single major factor beneficial for Bitcoin's price that happened this year? Nope, right. Then why Bitcoin has risen more than 25% this year? Acceptance don't increase without any reason. There has to be some reason which can spark the price rise and then price successively increased thereafter due to ripple effect. So believe it or not, if none other solid reason is involved then the main reason of current rise is market manipulation which has been eventually supported by genuine traders.

[TastyChillySauce00]

Year 2020 is still a long way to go but depending too much on halving and expect it to give us miracle is wrong. People always say halving make the price go this direction and trying to make overly optimistic statement about how halving could miraculously double the price of bitcoin although that's in my favour I just don't really sure. people free to believe his statement but I'd prefer to not overly optimistic but instead being realistic about how the price could possibly become.

[Karmakid]

This is possible because of the hype created by the holders and old cryptocurrency users. We knew that the hype can easily drive the price crazy so a lot of people are taking advantage to buy bitcoin while it is still under $10k. A lot of people are doubting bitcoin because they are calling it as a bubble again because of the recent price spike but this time, the market is more mature so it will not dump fast again. People nowadays know the best thing to do and that is to trust the process and just hodl.

[HabBear]

In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.

Wow, you quoted the entire article...that's all there was! I'd expect a bit more explanation for such a prediction, but for Fundstrat it's par for the course. They're usually big on opinion and light on sharing their fact-based analysis.

Ok, my question for you all: WHY does the Fundstrat crew believe that the halving was not yet priced into the current price of Bitcoin? HOW could they determine if this event that's guaranteed to happen hasn't been considered in how the global investor population has made their buying or selling decisions?