Post
Topic
Board Speculation
Re: will bitcoin rise up to $20000?
by
Xenoph0bia
on 29/09/2018, 16:48:21 UTC
i think bitcoin will rise again,up to $20000in december hahaha,because last year bitcoin rised to $20000 in december.

The first time I heard a prediction of such magnitude was about three years ago, when there prevailed an atmosphere of great optimism about the prominent place that Bitcoin would have in the economy of the future. Today the bets towards Bitcoin do not seem to be so high, and even seem to have stagnated in quite conservative predictions. Personally, I do not see Bitcoin well beyond $20,000 in the medium term, despite the efforts of speculators like McAfee to reinvigorate optimism for the future of bitcoin.

It doesn't mean that it will rise again but i think that it would be hard to get back to $20k but there are many news and many panic buying that could make bitcoin price to reach again $20k.
But again if the bitcoin price reaches $20k then there would be that the transaction fees will cost too much like we saw recently when the price of bitcoin was double than the actual price. After a while we will see how large will the bitcoin price be because there will available less bitcoins than before (There will be mined less bitcoin).
Yew bitcoin will rise up to $20,000 but not now because the price of Bitcoin is already down and its demand is also decreasing in the market.Bitcoin is unable to recover from the downfall of its price from a very long time now.People are selling their Bitcoins at lower prices only.I think Bitcoin will recover soon but definitely this will take a lot of time as the prices are dependent on the forces of demand and supply,how much investment is done in Bitcoin and several other factors.