Ninjastic
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Board Speculation
Re: Bitcoin in 2020?
by
Omega Weapon
on 30/11/2019, 01:55:16 UTC
Quote from: Blackdeath on November 21, 2019, 03:20:05 PM
Quote from: team87 on October 22, 2019, 08:50:41 PM
Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks. Cool
I think bitcoin will have difficulties to increased it's price in the year of 2020 because bitcoin's price is down to 7,771.27 USD, that is why it will take a lot of time for bitcoin's price to increased it's price back to 20,000 USD. But if bitcoin halving will start to continue i think it will be easy for bitcoin to gain back it's price again.
Bitcoin has shown time and time again that it can move extremely quickly if there is enough demand for it, what we do not know is how much demand we will have for bitcoin in 2020 because even if we know the halving will take place if the price of bitcoin keeps going down then it is very likely that many of those that are holding their coins for the long term will be unable to hold those coins any longer and will have to sell their coins making the price to go down instead of up during the halving.