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Author Topic: Will Bitcoin ever be 20K USD again?  (Read 577 times)
Wilhelm
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May 20, 2020, 11:16:37 PM
 #21

The answer to the topic title is "could be, but nobody knows for sure"

Why or why not?

Because, you know, time travel and crystal balls don't actually exist, so nobody knows what future holds.

Time travel does only in the wrong direction 🤣

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May 21, 2020, 12:48:00 AM
 #22

Ask yourself something, Will you buy some Bitcoin at $20k?

It's not about us. We're already in from much lower prices. It's about mainstream retail investors watching BTC get hyped on CNBC and FOMO buying into a BTC bubble.

Breaking the 2017 ATH after 2-3 years of consolidation will look extremely bullish from a TA perspective. From the look of the current chart, I'm betting we'll see $20K by 2021.

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May 21, 2020, 06:35:13 AM
 #23

And why not?
 We are in a cryptocurrency where in the market is volatile which means bitcoin will gonna reach $20k, $30k or more. But the question is, who knows when will it reach then?
 We saw it already reached that $20k before so I don't think there is no reason for it not to pull up again.
 
 And why are you asking these? Have you ever doubt about it?  Grin
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May 21, 2020, 06:41:43 AM
 #24

Why or why not?
I think it will peak again but not in 2020. Although bitcoin halving has already taken place and good news is being rolled out regularly, with the current economy I think growth will be quite difficult. At the highest level, bitcoin could only rise to $ 16k and then collapse. when a lot of people lost faith in bitcoin then it rebounded and could break out old ATH. 2021 will be an exciting year.
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May 21, 2020, 07:29:26 AM
 #25

Why or why not?
According to the recent effect of Halving the movement is plain and normal,we have no Big dump happens and slowly moving
up so in this sense there are no chance to predict what will coming next and besides this is
 very early to predict as the volatility still showing up regularly.



Look at the price chart and you will find the similar answers ,i have been watching the flow since the day Halving happens in
 May 11 yet nothing Crypto has been proving aside from having 11% max growth for
 this event for Miners but of course nothing is certain because the market can
 Go high later or fall down tomorrow.
Why or why not?
I think it will peak again but not in 2020. Although bitcoin halving has already taken place and good news is being rolled out regularly, with the current economy I think growth will be quite difficult. At the highest level, bitcoin could only rise to $ 16k and then collapse. when a lot of people lost faith in bitcoin then it rebounded and could break out old ATH. 2021 will be an exciting year.
The pandemic effect will stay according to the expert until next year so if this is indeed then we might see growth middle
of next year 2021 or at least end of 3rd quarter ,Though we are all praying that the
much awaited Bull appears early this time.

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May 21, 2020, 09:10:23 AM
 #26

If somebody knows this shitty question then that person must've been rich by know.

We don't have any crystal ball to answer that question and that is asked many times already.
Its not only matter of why but it is only a matter of when that will happen. After the halving, many are believing that there is a chance for Bitcoin to reach that price again. When?? That is the thing that we don't know. I have watched a video on youtube and based on his analysis, it can happen in 1-1.5 years but still its a speculation and the only thing we can do right now is to speculate its price.

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May 21, 2020, 01:08:57 PM
 #27

Why or why not?

Of course halving just finished and the incoming supply is now minimal and adoption is in progress, we just have to look on history of the price after the halving for us to believe that $20,000 is not only possible but will definitely happen and I'm excitedly waiting for it to happen.

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May 21, 2020, 04:23:38 PM
 #28

Why or why not?

I believe that we are going to reach this level again.
Maybe this is going to happen is a huge rise is going to happen and the price is going to be stabilized around 13k first.
If the price is going to move around 13k then people will start to believe that we are going to a new high and they are going to buy in more.
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May 21, 2020, 06:46:03 PM
 #29

Just be patient, that is the answer. We will see bitcoin price reach $20k again although we don't know when the time to hit that price. We can buy and sell bitcoin to make a profit, or we can hold bitcoin until the price increase more than $15k. But we need to enjoy the price now while we have more chance to buy more bitcoin.

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May 21, 2020, 08:16:15 PM
 #30

 
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May 21, 2020, 08:21:06 PM
 #31

keep calm and be patient is one of the keys you can succeed later, the price of Bitcoin will be kept by miners so it does not go down less than $ 8000, and for $ 20000 can happen, seeing the current state of Bitcoin is very promising, my advice is to buy when the price of Bitcoin goes down and make purchases step by step;)

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May 23, 2020, 11:15:42 AM
 #32

It is very hard to predict if bitcoin's price will reach to 20 K USD again because the market is volatile that no one can really say when will bitcoin's price will go increase or decrease. But good thing even bitcoin halving is finished, the price of bitcoin still stays in $9,000, so maybe it is a sign for bitcoin to reach 20 K USD next year or in the future.

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May 23, 2020, 11:19:27 AM
 #33

There is no reason for me not to believe that bitcoin will hit $20,000 again, I have been investing in bitcoin and I am more on long term, and also I have bought a decent amount during the peak last 2017 so I guess I will just continue to hold until bitcoin will break $20,000 and make a new ATH.

There is no limitation when it comes the price if the demand is continues, while people keep holding their bitcoin and the demand increases then we will eventually see bitcoin to rise at that level, it could be faster than what we expected and if bitcoin able to made an ATH in just 3 months last 2017, then for sure it would happen at the right time.

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May 24, 2020, 01:03:23 AM
 #34

The price is quite stable at $9K right now, I guess that is fine.

We don't know when will be the price of Bitcoin reaching another ATH, no one can really tell, we can predict though. Since a lot of countries are suffering right now because of the pandemic, I guess we might see next year another ATH. Or maybe it will be next month, or the next one. All we know is that it has the possibility to reach that we just don't know when.
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May 24, 2020, 01:06:52 AM
 #35

Yes, it will and even go beyond that but it is going to take a while to achieve that, Reason: You just have to check numerous advantages bitcoin has over fiats, and with growing adoption, it is not hard to see bitcoin well beyond the 20 k levels
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May 24, 2020, 07:18:07 AM
 #36

The price is quite stable at $9K right now, I guess that is fine.

We don't know when will be the price of Bitcoin reaching another ATH, no one can really tell, we can predict though. Since a lot of countries are suffering right now because of the pandemic, I guess we might see next year another ATH. Or maybe it will be next month, or the next one. All we know is that it has the possibility to reach that we just don't know when.
it's just that, the potential for bitcoin is now greater than ever before. however, I am pretty sure the price of bitcoin can approach the old ATH this year. however, the clarity that the price of bitcoin stands at $ 9k is really very clear. I believe that beginning of June the price of bitcoin will start to rise again.


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May 24, 2020, 11:36:51 AM
 #37

Why or why not?
Its difficult to say. But don't see any possibilities within this year cause btc got drop after halving, that's unexpected. But don't lose hope cause it's not impossible for btc to hit $20k again. Keep an eyes on btc

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May 24, 2020, 04:21:25 PM
 #38

very able !, $ 20000 for Bitcoin in a situation like this is very achievable,
but it only takes time and patience, if you succeed patiently then your HOLD will not be in vain

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May 24, 2020, 04:43:45 PM
 #39

Why or why not?

No one knows. It depends entirely on the demand, which causes the market price to rise or fall. But not impossible, I think Bitcoin will be able to cross the 20k level near future. The popularity of Bitcoin is growing day by day, which makes it more likely that large investors (who have not yet invested in BTC) will enter the market. But now the problem is that the world economy is not doing well. When the world situation improves, we will see better changes in the bitcoin market.

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May 24, 2020, 05:12:33 PM
 #40

Why or why not?
Bitcoin's price will reach $ 20k easily in the coming years but not this year. because halving event can make price increase but it takes time. When miners are no longer profitable, it is imperative that the whales will have to push the price of bitcoin higher in order to continue manipulating the crypto market. You're probably wondering why I said that, simply because this is a "pricing" market. The whales create volatility to manipulate amateur traders and make money from them. and of course, the whales have a responsibility to push the price of bitcoin so that miners create more bitcoins so they can manipulate it more easily.


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