Post
Topic
Board Speculation
Re: Bitcoin up to $20,000 before 2020?
by
Rose_btc
on 21/09/2019, 12:40:53 UTC
My key takeaways:

  • More and more people are using crypto as a way to diversify their investment portfolio

In Dec 2017 comparatively less people knew Crypto but still the price hit ~$20000. So, more people knowing is one factor that effects gradually not instantly. And the days left for 2020 is less to educate that huge crowd(that can actually effect the price) to get into crypto.

I think it is more because of Halving rather then the list you have mentioned.

FOMO worked very well in 2017. There is no guarantee that this will happen again. But if it happens, as you said, FOMO will raise the price much higher.

Yes, I do agree with you. What I meant was, that currently the price is ~$10000 doubling it within end of the year that to with the factor of more people knowing it is not that logical.

Hope you got me right.