Post
Topic
Board Speculation
Re: Bitcoin at 20 000$ tomorrow?
by
developer101dev
on 14/07/2018, 15:33:53 UTC
It will not be possible. bitcoin will return value 20k, but it takes time to restore confidence from investors. If it's a long-term investment, it's going to be easier, but with many investors seeing the bitcoin value as a whole, they are already hurt by the psychology and the big swings. wait and be patient ... bitcoin will be safe in the long run.

It will really take some time before investors could go back to the ecosystem. Not with all the regulations and the FUD and government banning. We need something concrete that will restore their confidence and says that bitcoin is still a good investment. Its really hard to imagine going from $19K to $6K but who knows, maybe next month we will hear something good that will change the attitude of our investors and suddenly pour their cash on the market.
Not everything is possible as there are somethings that are not actually realistic. No one should deceive themselves as this can only happen in a case where the trading volume is probably just $100.

We are talking about a huge capitalization here and even though it may not be that huge compared to when institutions want to kick, but obviously institutions always look forward to buying at dips and not just buying everything at once all the way squashing the sell walls. Moreover, market will always have a way of playing out and that includes several moves to try to break resistance or hold at a particular support.
It will take long time to reach to $20k again not tomorrow. Now the price is on the track and there is no big pump and dump in the price. Now it is normal and the previous big pump had been corrected. I think if the price increases by this ratio it will take 2 to 3 years to reach to $20k. we should be optimistic about the bright and good future of bitcoin.

There is a huge chance for the market price of bitcoins to return or surpass even more the previous market price which is $20k dollars because there are a lot of people today who are investing a huge amount which increases the demand in the market.