Post
Topic
Board Speculation
Re: Will Bitcoin exceed 20k this year like in 2017?
by
South Park
on 25/05/2020, 22:17:44 UTC
Well, it had possibilities, even in January, I thought we are gonna have another bull run like 2017, but after Coronavirus and all this harm throughout the world, my expectation is gone now! I don't think it will happen this year, there was huge hype about the Halving but you saw Bitcoin price did not increase enough. Though I don't want to mention 3800$ collapse, that was manipulation for a very limited time.
At the beginning of this year people were very excited with the positive movements of bitcoin, but quite honestly it was nothing but a mirage, the price was going up but the volume was not doing the same which meant that the whales were manipulating the price and as such the crash was inevitable, the coronavirus was actually not directly responsible for the crash since it could have happened anyway, however it was responsible for making the crash even bigger than what it would have been otherwise and it is responsible for the slow growth we are seeing now.