BTC 2020 Predictions ... Well grounded or simple speculation?
This prediction is something that I dare not bet, logically it is my personal opinion, since there are people considered experts in cryptography, especially in BTC, they with the authority that grants their knowledge and cryptographic studies make predictions that arrive to surprise both experts and newbies, reaching the highest expectations around the price of BTC.
I began to listen to cryptocurrencies just two years ago, at this time I have tried to understand the behavior of the market, not by careful observation or study of it, but rather reading "scholars" or "gurus" in cryptographic matters, some more credible than others but all very passionate about this new form of economy.
Predictions.
Trying to predict the future is not something simple, knowing where we will be in four years is very difficult to say, but since it is numbers, it is said that mathematics is accurate and infallible, which leads to many "experts" in the Mathematical calculations to study patterns that are capable of repeating, in order to try to make calculations that allow them to risk predicting the price of a given currency, in a given year.
In my opinion, (without knowing much about the market) I believe that the crypto market has proven to be very capricious and unpredictable, and today 2020 has baffled and confused many experts in this area, and that it doesn't matter the studies on which they base their BTC predictions behaves capriciously and does not seem to be predictable.
The truth of all is that no matter how respectable, accurate, serious or even irresponsible the predictions are, we all seem to be waiting for these predictions to come true in this way, as my brother says "to scare poverty" .
Without further ado I will refresh some ambitious permissions for BTC this year 2020, you will draw your own conclusions, according to your personal criteria:
Antoni Trenchev, co-founder of Nexo, said in this interview to Bloomberg that BTC could reach $ 50,000 this 2020, something we have to Wait to see if it happens.
For Tim Draper, the price of Bitcoin can reach a wonderful sum of $ 250,000. In a Interview conducted by BockTV Draper said this could happen between 2020 and 2021.
Conclusions
There are different predictions for this 2020 that place the price of BTC in different ranges, there are those who place it at $ 22,000, $ 32,000, $ 75,000, there are even the most conservative who think that Bitcoin will maintain the tendency it brings to be between $ 6,000 and $ 14,000, of course we cannot fail to mention the famous prediction with promise included of McAfee who places the price of Bitcoin at $ 1Million for this 2020.
All these predictions are based on the "halving" that will occur this year approximately in May, this action will reduce by half the rewards and the amount of BTC that each block produces taking them from 12.5 BTC that currently produces to 6.25 BTC .
Let me know your opinion and your personal prediction!
What price will BTC reach this 2020?
What is your opinion of the predictions?
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The idea of things taking off in 2020 seems very sentimental to me. 2020 is, after all, just a number that we give a lot of importance to because it’s round.
All the patterns seem to point to a long accumulation phase where we slowly breach our all time high, and another exponential growth period occurring after that. I think we will spend most of the year below 15k and break all time high once before perhaps coming back down a bit this year....or maybe breaking all time highs and then finding support around that 20k mark
Sometime Next year is where I think things will get really crazy. This year the best I’m hoping for is to break that all time high mark which I think is realistic thanks to the halving.
But what do any of us know, really?
Hello my dear @whatamidoing thank you for joining this discussion, welcome.
From what I have read, I also think it is realistic to think that it can approach or even exceed its maximum historical after halving.
But if we realize the behavior of the market, everything remains speculation.
This is the reality! It can only be speculated and caulcular, but being accurate is something very difficult.
But the shear roundness of it!
Hi @fucho80
It is very difficult to project something when it is driven by a muzzle market,
And that is the problem while in the markets they are the most speculative ways to earn more regardless, we will be tied to those that happen in them.
I could not say that it can happen however my desire is that it is upward.
Hello dear @lanzjoseg, thanks for your comment.
Yes friend, I also think it is very difficult to know what will happen, however, we all want the price to rise.
I'm looking at a breaking of the recent high near semana santa, in the run up to the halfening in May. After, we might see some up, I believe its all eyes on the US Economy over the next four years for btc. While fund managers cite historical data about btc being acyclical, to me btc has become anti-cyclical with gold and upcoming, price moves will depend more on global economic realities than before.
In the end though, while btc price may go even as crazy as McAfee says, I doubt it will last long as BTC has no real utility. Eventually, and maybe this is in 50 years or more or less, BTC will fall from its dominant position, if indeed if ever even makes it to global dominance it matters not.
Hi @ecoinstar, thanks for intervening.
I always wonder what will happen when the last BTC is mined, what will happen after that? What will happen if people lose interest in it?
For me this is crazy, to maintain this I believe that new elements around cryptocurrencies must emerge.
Nice article about bitcoin predictions. But then, I strongly believe that there will be a significant increase in the price of bitcoin. My reason is based on what you mentioned here:
Yes, recalling what happened the last time bitcoin halving occurred gives big reason for our optimism. Personally, i will invest little by little until the event occurs.