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Casdinyard
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December 04, 2020, 11:59:17 PM
 #41

Based on the comparison it could reach 2x higher than we expected, no one knows the market conditions in December but we expect the best market conditions in history to emerge, if large-scale take profit conditions occur maybe it will be something bad next month.
The market is now fairly balanced. But observe the market from past history. It is seen that the market is strong in November and December. Bitcoin began to fall in January for no reason. So be prepared to accept that the market will be down next months.
Patterns are not working in this industry. What happened before will not determine what will happen this year. The market price have developed eversince it was introduced to the masses and we could see its progress in all aspects. But the thing here is inconsistencies with regards to its market price. It could either reach a new ATH this year or just have another market price correction. We just never know.

For sure many people who were in doubt before to the potential of Bitcoin are seeing the reality. And  it's price development speaks for this technology in general.

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December 05, 2020, 02:26:05 AM
 #42

$50,000?HuhHuh

Will Bitcoin reach this target this year?
With the current situation of bitcoins price I think it would be impossible for bitcoin to reach what you are expecting this year. We still have approximately 3 weeks before 2020 ends and I think that 3 weeks will be sufficient for bitcoins price to beat up the last 2017 ATH. I think that $50k is still possible if the bullish trend will continue to year 2021.

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December 05, 2020, 02:29:27 AM
 #43

$0.00 January 2009

$0.10 10th October 2010

$1.00 9th February 2011

$10.00 2nd June 2011

$100 3rd April 2013

$1,000 8th November 2013

$2,000 20th May 2017

$3,000 11th June 2017

$4,000 Aug 13, 2017

$5,000 1st September 2017

$10,000 28th November 2017

$15,000 7th December 2017

$20,000 17 December 2017

$50,000?HuhHuh

Will Bitcoin reach this target this year?

Source coinmarketcap

I guess bitcoin will peak in mid-2021 because at the moment maybe some investors are vacationing for Christmas and commemorating the end of the year. And they will be back active by the middle of the year to make new history in the price of bitcoin.

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December 05, 2020, 07:18:09 AM
 #44


$50,000?HuhHuh

Will Bitcoin reach this target this year?

Source coinmarketcap
$50K this year isn't so realistic at all even if we had a good run in the past couple weeks,
I still thinks it is still far fetch to say that we could see it this year.
I also think that it couldn't reach it even next year.
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December 05, 2020, 07:42:55 AM
 #45

Will Bitcoin reach this target this year?
I like the optimism but NO it will not get reached this year.

We already seeing that the $20,000 is a very strong resistance as of now and it tried to push through it twice but it didn't pass through. Even though the $50,000 price of Bitcoin is quite conservative, I don't think that it will be reached even though in 2021. Ask it again if 1 Bitcoin = $40,000 already Smiley.

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jeniferqueen0409
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December 05, 2020, 04:50:48 PM
 #46

$0.00 January 2009

$0.10 10th October 2010

$1.00 9th February 2011

$10.00 2nd June 2011

$100 3rd April 2013

$1,000 8th November 2013

$2,000 20th May 2017

$3,000 11th June 2017

$4,000 Aug 13, 2017

$5,000 1st September 2017

$10,000 28th November 2017

$15,000 7th December 2017

$20,000 17 December 2017

$50,000?HuhHuh

Will Bitcoin reach this target this year?

Source coinmarketcap
I think Bitcoin is likely to hit $20,000 by the end of December. The price of $50,000 is not possible this year. Because Bitcoin takes more time to break at the $20,000 price it takes to jump.
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December 05, 2020, 05:04:34 PM
 #47

$0.00 January 2009

$0.10 10th October 2010

$1.00 9th February 2011

$10.00 2nd June 2011

$100 3rd April 2013

$1,000 8th November 2013

$2,000 20th May 2017

$3,000 11th June 2017

$4,000 Aug 13, 2017

$5,000 1st September 2017

$10,000 28th November 2017

$15,000 7th December 2017

$20,000 17 December 2017

$50,000?HuhHuh

Will Bitcoin reach this target this year?

Source coinmarketcap

It could hit $20,000 by the end of the year but I think it will be hard for it to reach $50,00 until the first quarter of 2021. However, I'm not disregarding the possibility that it could reach higher because if we'll look at its history, we could see that it could reach more than our expectations. From $0 to the current price, I do not doubt that Bitcoin would still be able to surprise us in the future.
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December 05, 2020, 05:41:15 PM
 #48

Bitcoin really comes a long way from no value to $19,000 as of now previous investors were pretty lucky they gain so much profit too bad for other early adopters
who sell their coins for a few bucks before. I'm one of them by the way  Grin

ya.ya.yo!

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December 08, 2020, 07:01:47 AM
 #49

$0.00 January 2009
$0.10 10th October 2010
$1.00 9th February 2011
$10.00 2nd June 2011
$100 3rd April 2013
$1,000 8th November 2013
$2,000 20th May 2017
$3,000 11th June 2017
$4,000 Aug 13, 2017
$5,000 1st September 2017
$10,000 28th November 2017
$15,000 7th December 2017
$20,000 17 December 2017

$50,000?HuhHuh

Will Bitcoin reach this target this year?

Source coinmarketcap
I think Bitcoin is likely to hit $20,000 by the end of December. The price of $50,000 is not possible this year. Because Bitcoin takes more time to break at the $20,000 price it takes to jump.

Instead, I have a different belief, maybe bitcoin will fall back to a rate that is considered stable enough before stepping to jump. but bitcoin is currently unpredictable and there are many possibilities, but we can be sure that a sharp increase is not happening this year.
Bitcoin will reach its newest ATH next year and it is not known what month and how many.
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December 08, 2020, 03:55:25 PM
 #50

It is a good to look back on where it all started good old days with BTC earning on every way as a newbie,
If we look at the price now and compare it tothe pastI think most of us would be amazed on how much it grow.
But even in those huge increase that it received over the past years I don't think that we are already heading to reach $50K.

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December 08, 2020, 04:20:05 PM
 #51

This is what makes Bitcoin so special, we know that Bitcoin is just a digital number that had no value when it was first launched,
but now Bitcoin is the talk of the world, if Bitcoin is able to reach $ 300k, of course this will be the biggest hype in the world.

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December 08, 2020, 10:40:06 PM
 #52

history price patterns and experts statements.....everything points that we are heading to 50-100K till 2021 end. the only thing that worries me a bit is the fact that when something is expected to happen at a specific timeframe by everyone usually fails to happen. this is likely cause some delay in the next ATH. personally I decided to wait mostly 1-1.5 year before i sell my BTCs because it was over 6 years of HODL and almost no cashout at all so far.
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December 08, 2020, 10:49:29 PM
 #53

I liked that you wrote the milestones that Bitcoin has taken on it's path to $20,000 USD. As optimistic as most of us are on Bitcoin, there is no chance that Bitcoin will reach $50,000 USD by the end of this year. There is less than a month until 2021 begins, and $25,000 would be a better target. That being said, it is very possible that Bitcoin can reach $50,000 and possibly even $100,000 in the upcoming year, with more and more companies incorporating Bitcoin into their business.
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December 08, 2020, 11:09:11 PM
 #54

It was a milestone but no one surely knows where are heading in the next 5 years, 10 years, or in the future. I'll keep believing that Bitcoin will still be growing in no such a time frame.
That everything it happens in the future will remain unpredictable and worth surprising. From scratch to a precious coin in crypto space, I'll be thinking more than this. whether the price will go higher ($50k), doesn't matter to me, what most important thing is that Bitcoin stays in the market and helping us in some other way.
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December 08, 2020, 11:16:06 PM
 #55

As we've already found out, $50,000 is definitely not going to happen this year. But maybe next year something will change.

I'm reluctant to agree that 50,000 isn't in sight for 2021. There can't be this level of certainty, though it is true that given how everything dumped right now with BTC at low 18,000 this may sound unlikely but you can't say impossible.

I say this as many things can happen... Maybe this is the end to the bull run we've enjoyed so much or maybe this is preparation for the better wave to come - who knows  Embarrassed
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December 08, 2020, 11:22:00 PM
 #56

Thank you for reminding me about Bitcoin's performance, if we look at the data in the opening post it is very clear that the price
increase of Bitcoin is very fast. Especially what happened in 2017 must have surprised many people, imagine in May 2017 the price of
Bitcoin only $ 2000, but December 2017 was $ 20,000. This is so amazing, no other asset can do what Bitcoin has done. Regarding
the $ 50,000 target, I am optimistic that it should be achieved 3 years from now. This year Bitcoin will likely only hit a price of $ 22,000.

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December 10, 2020, 08:33:18 PM
 #57

Thank you for reminding me about Bitcoin's performance, if we look at the data in the opening post it is very clear that the price
increase of Bitcoin is very fast. Especially what happened in 2017 must have surprised many people, imagine in May 2017 the price of
Bitcoin only $ 2000, but December 2017 was $ 20,000. This is so amazing, no other asset can do what Bitcoin has done. Regarding
the $ 50,000 target, I am optimistic that it should be achieved 3 years from now. This year Bitcoin will likely only hit a price of $ 22,000.


Yes, bitcoin has become a highly sought after commodity and has become a very profitable investment. I'm just making it clear my pal that 2017 was where the bitcoin ATH happened was amazing and nobody predicted it. but if you look at the Halving prediction it is no longer strange and it is indeed proven.

This year the third halving has occurred, usually when the halving is finished a year later bitcoin will climb high. and the first and second% halving is very significant, if that is a benchmark then it can be ascertained that in 2021 bitcoin will increase sharply and there will be renewable ATH. not according to your prediction that will happen in 3 years but it is in 2021.
but all predictions and analysis may change and we cannot avoid that fact because crypto is very unique.

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