Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => On Youtube => Topic started by: toheed2x on April 06, 2019, 11:59:57 AM
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$55,000 Bitcoin By May 2020 Halvening! Why? Big Stock/Flow Ratio & Scarcity!
Are you agree with this whats your thoughts about that!
Source:
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I don't know, mate. But I'm curious in what way, he can determine the date, month, and year for the prediction. Yes, I agree if in 2020, the price of Bitcoin is predicted to bounce back and the increase looks like quite significantly. But I doubt about the maximum price to reach.
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It is possible that Bitcoin will rise to 55 thousand dollars and it is quite possible that this will happen closer to May 2020. But I think that this is a rather cautious forecast, because its price may well rise above this level, and in a few more years it may be higher than 100 thousand dollars if the development of cryptocurrency proceeds at the same pace as now.
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I strongly agree if the Halving event will make the bitcoin price increase higher, but can not estimate how high the increase will occur. If it is the fair that it is a very good thing.
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Everyone has its predictions, there is no wrong about that. But I guess, it's just premature to conclude that it will reach that high. After the hype last 2017, everyone think that at 2018 bitcoin could even reach to $100k, but look what happen to btc last 2018. It goes the other way around. The possibilities are there but lets just cross the bridge when we get there.
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I think it is a too high expectation, bro. $55,000 seems too high rate that Bitcoin should reach. Even if it is possible but I think it is likely hard to reach. I assume the possible price is about $10,000 to $20,000. If the price can reach it, the value of Bitcoin has already high enough. I am trying to think realistically, so yes it is my own view.
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I often discuss this in Telegram and local forums, because Halving Bitcoin has a big effect on rising Bitcoin prices.
Rare and rewarded miners are the reference and from now on I have to HODL a lot of Bitcoin.
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I think it's not posable to bitcoin price 55000$ in 2020. I think bitcoin price will be 2000$ in 2020. it's posable.
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I don’t think that high, perhaps about $20,000 is maximum, possible reach the ATH and then consolidate yo a higher price
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I think that predicted price is too much, but who knows? even the $20k ATH is unexpected but happened,
Perhaps halvening means the rewards will be getting lowered thus making it more difficult to get which can cause a lower supply to get from the miners.
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i think now is the best time to buy more bitcoin and hold for a long time or just hold until you make a profit. So fill your bags guys and girls, and holding, wait for good news and why not for a new all time high for bitcoin
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not forum related - wrong section :
-3 karma from me