Bitcoin future?

Unstable and uncertain but in the next two months seems to take bullish move as per recent predictions and market situations lets see

BTC will reach $20k again next year I am sure of it. We have had years of uncertainty and now is the time for crypto to shine 2020's will be the start of the crypto dominance

AniLorak posted:

TheGreatRecycler posted:
BTC will reach $20k again next year I am sure of it. We have had years of uncertainty and now is the time for crypto to shine 2020's will be the start of the crypto dominance

Till now we are in bear market; no bullish movements till now! Really frustrating!

We are very near of BitCoin Halving; so I am expecting bullish moves here! Maybe from the Feb-20, we’ll have impulsive moves from the buy side!

AmDiab posted:

AniLorak posted:

TheGreatRecycler posted:
BTC will reach $20k again next year I am sure of it. We have had years of uncertainty and now is the time for crypto to shine 2020's will be the start of the crypto dominance

Till now we are in bear market; no bullish movements till now! Really frustrating!

We are very near of BitCoin Halving; so I am expecting bullish moves here! Maybe from the Feb-20, we’ll have impulsive moves from the buy side!

I think we already have some. 😉

When is the halving happening?

Well, bitcoin has future, but it is not that good as it is used to think. I remember times when it was 25k fo 1 bitcoin and everyone though that it will cost 100k in few months, but what did we see? It fell in 10 times. I decided not to sell it and wait what would happen soon. I still have good amount of money on my bitcoin wallet, but I can't enter it now. I will recover password with https://gpu-hash.com/ when price will be nice.

Guys,

One fundamental indicator is price...and what does price indicate ? Price indicates just that...price - aka - the price you pay for something; but in the markets it is also an indicator of the VALUE of something (actually, not just in the markets).

So BTC at 20k lets say... WHY is 1 BTC worth 20k ??? Why would it bee 100k or 500k like McAfee said it was going to hit ???

The thing is, value is what the market goes by, and market makers go by it too...price fluctuates a bit up and down but it comes down to value.

I personally see BTC at 18-20$ per value. And that is about where it's real value is.

Other than that...as far as the next 2 years go... I expect a discount to about 1300$. No real reason just where I see it heading...buyers are constantly buying the price up, but the reality is sellers are not giving a and simply pushing it lower.

And one more thing...

in my opinion the only thing that 'rally' to 20k is supposed to do - and it does it well - is to remind you - - of itselt...

It means, that rally is supposed to remind you of the rally - aka - attract buyers...all who will be dissapointed when price starts to match actual value

ReMOT3KonTRoLLiO posted:
Guys,

One fundamental indicator is price...and what does price indicate ? Price indicates just that...price - aka - the price you pay for something; but in the markets it is also an indicator of the VALUE of something (actually, not just in the markets).

So BTC at 20k lets say... WHY is 1 BTC worth 20k ??? Why would it bee 100k or 500k like McAfee said it was going to hit ???

The thing is, value is what the market goes by, and market makers go by it too...price fluctuates a bit up and down but it comes down to value.

I personally see BTC at 18-20$ per value. And that is about where it's real value is.

Other than that...as far as the next 2 years go... I expect a discount to about 1300$. No real reason just where I see it heading...buyers are constantly buying the price up, but the reality is sellers are not giving a and simply pushing it lower.

$18-20 per BTC? fall to $1300? C`mon let`s talk seriously ok?

Sagarmatha posted:
When is the halving happening?

May 2020 (this year).

Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

birthtamper posted:
Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

Well said & I agree with you! We are too early in BTC, in this decade there scenario will be totally different!

The future of BTC is too unknown right now. It is impossible to predict. It is feasible that it could reach over $20k again but it is also feasible that it will be band or confidence will be lost resulting in $0. Anyone who predicts correctly is just lucky

Adribaasmet posted:

birthtamper posted:
Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

Well said & I agree with you! We are too early in BTC, in this decade there scenario will be totally different!

Well said? Nothing personal but i don`t think so. What will be the scenario this decade?

cravenprofession posted:
... resulting in $0...

Really think so...?😁

Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Bitcoin lasts a long time. This is the first cryptocurrency, and it has the trust of people.

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Any real and specific arguments for this statement?

BTC is losing momentum and is no longer a 'fashionable' asset which sparks a lot of speculative interest. This could return but at the moment I see price levelling out and gradually declining until $0 . Other crypto could replace it if they are actually useful as currency but these will probably be priced according to a basket of fiat currencies