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What is the price of bitcoin in 2020?

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In 2019 i expected that btc hit the price of 20000$ but now i saw the market btc never move like my expectations but in my opinion market goes high again and maybe cross the price of 20000$ and btc future is most bright

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8 hours ago, Syedbesharat said:

BTC will hit $25K in 2020 least.But low is not fix of it.So hold tight and jump at the right moment on BTC.Because its all about timing in Crypto.

That was good hope but i think we can expect first bitcoin will atleast will reach $10k and stable on that price until upcoming bitcoin halving and maybe we can see the price will rise slowly, Well let's hope everything will be same as our forecast.

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I would like to know about Bitcoin prices in the future, as I want more people to express their opinion.  Because I am also looking for important information about Bitcoin.  Because I plan to buy Bitcoin, to be used as a savings, if Bitcoin goes ahead for many people I will not hesitate anymore.

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20 minutes ago, Irin3 said:

I would like to know about Bitcoin prices in the future, as I want more people to express their opinion.  Because I am also looking for important information about Bitcoin.  Because I plan to buy Bitcoin, to be used as a savings, if Bitcoin goes ahead for many people I will not hesitate anymore.

Bitcoin and crypto currencies are much more volatile than savings accounts ... think well before you jump!


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1 hour ago, Shahadatbd said:

I were thinking Bitcoin and others altcoins price will up in the January first week. But now I can see the dump price of all crypto. I am very disappointed to see this lower price.

It was clear that this was going to happen. Don't be disappointed ... this is a good buying opportunity.

 

I expect it to go even a bit lower this month, but it will also rise again. So seize the day.

Edited by johant123

Finally a currency which I believe might become a stable coin with a good future (community controlled Ecoin)

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Bitcoin (BTC) has already set a new record in 2020 as the cryptocurrency network hash rate has risen once. Data from multiple monitoring resources including Blockchain  have confirmed that the hash rate is higher than ever on the first day of the new year.

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Bitcoin price is around $7500 right now. I think in 2020 bitcoin price will go upto $20,000. I am going to hold my coin for 2020. i also suggest you for hold your bitcoin for 2020.

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1 minute ago, mukty said:

I think in 2020 bitcoin price will increase and it will be above 10000$.  If we hold bitcoin now in future when bitcoin price increase we will be more benefited from this  

Let's hope so, it should be imho, but i've been wrong again and too many people seem to think that it moons in 2020, and bitcoin doesn't listen to anyone.

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I can not agree that the price of bitcoin for the future will be known by anyone. what we just do is assumption because last year, no body expected price to surge the way it did and collapse immediately.


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16 hours ago, doriahailee said:

That was good hope but i think we can expect first bitcoin will atleast will reach $10k and stable on that price until upcoming bitcoin halving and maybe we can see the price will rise slowly, Well let's hope everything will be same as our forecast.

I will its not speculations ,its simple analysis .You see all market is running on analysis so we have to confident on BTC and make preparations for Sudden pump up .So we can cash the opportunity.

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5 hours ago, Syedbesharat said:

I will its not speculations ,its simple analysis .You see all market is running on analysis so we have to confident on BTC and make preparations for Sudden pump up .So we can cash the opportunity.

I see, Well for now we just can wait until it's happens especially until bitcoin halving and we can see the real answer, Anyway btc price now was stable and rising slowly and maybe that possible though.

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Bitcoin is never been trusted its price give many shocks in recent and we are going to something like this in near future as I am not hopefull for some good price but still I am going for bitcoin to touch 10000$ in this year and its sure but for very high price we have to wait for some more.

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Price Bitcoin in 2020 i predicting around $9,000. My opinion is based Bitcoin Halving. With that event will bring demand to going up and the supply is slowing down. With that system will bring people who regularly buy Bitcoin more hard to find who want sell their Bitcoin. So the price will increased time to time. Also i sure the adoption Bitcoin never stopped. That is also will keep Bitcoin demand increased everyday.


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21 hours ago, doriahailee said:

I see, Well for now we just can wait until it's happens especially until bitcoin halving and we can see the real answer, Anyway btc price now was stable and rising slowly and maybe that possible though.

Yeah,btc is making little bit changes but these up down is not noted by analysers they are just making various arguments  about btc future that's making doubts in peoples mind whether btc gonna fail.

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Actually every day bitcoin price up and down. But I think it is not a big problem. People now work in this forum and earn bitcoin then they sell their bitcoin and earn more money.

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The current price of BTC is a little above 7000 and is also showing great  potential to grow than that and remember the year is just beginning.

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15 hours ago, AHSANUL31 said:

Bitcoin Can Hit $50K in 2020 'Very Easily' — Nexo CEO Tells Bloomberg. Bitcoin is making the U.S. dollar look like the German papiermark of the 1920s, says Antoni Trenchev as BTC/USD hits $7,30

Still sounds like wishful thinking to me ... I don't see the basis for that, within 12 months!

 

Personally, if we can make 30% or 50% profit this year, I think we are doing already very well, compared to other assets.

 

Of course ... if I am wrong, and we hit 50K indeed this year, I'll be over the moon 😛 (I just don't see it happening)


Finally a currency which I believe might become a stable coin with a good future (community controlled Ecoin)

Look, read the FAQ, and sign up for free here: https://ecoinofficial.org/referral/n9zk2s0

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2 hours ago, johant123 said:

Still sounds like wishful thinking to me ... I don't see the basis for that, within 12 months!

 

Personally, if we can make 30% or 50% profit this year, I think we are doing already very well, compared to other assets.

 

Of course ... if I am wrong, and we hit 50K indeed this year, I'll be over the moon 😛 (I just don't see it happening)

That profit expectation was really reasonable though since we can reach $10k some few months before and i think we can atleast see $10k very soon (Maybe on February or march), For now let's hope everything will run smoothly especially for crypto market.

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I'm also hold some satoshis I think bitcoin pumps In 2020 near about 12000$ to 15000$ it is not my personal opinion I search some trade analysists and bitcoin experts they are all say bitcoin must be pump in 2020


 

   

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6 hours ago, Fabrick said:

Bitcoin price can't predict easily. Sometimes we can see the sudden pump and dump of bitcoin because it is using all over the world. But in 2020 BTC price can go for minimum 20000$.

Your minimum is too high, although it can happen nothing is impossible with bitcoin

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I think Bitcoin price will rise up bigger in 2020.First 5 days of this year bitcoin price grown up.Now their price is 7400+ dollars.I thnk bitcoin will growing up to 1200 dollars in this year

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I think the bitcoin price will increase substantially by 2020 and again in the end of 2020 and one of the reasons is that gradually the global bitcoin has created a stir by 2020 and by the end of those influencers we are all overUnderstand that, and thus, I think that the whole world will get acquainted with bitcoin and invest a lot in it

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Bitcoin is fluctuating and we can't guess it always especially the value of it. But it is really helpful to everyone.

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Year-on-year, the CPI decreased from 2.3% to 2.0%, reaching the Bank of England's (BoE) target for the first time since October 2021. The core index (Core CPI), which excludes volatile components such as food and energy prices, also showed a significant decrease from 3.9% to 3.5% year-on-year.   According to the report from the Office for National Statistics (ONS), presenting the final data on 28 June for Q1 2024, the UK economy grew by 0.7%, higher than the previous value and forecast of 0.6%. Year-on-year, real growth was 0.3%, exceeding the previous value and expectation of 0.2%. This was the best dynamic since Q4 2021.   If the UK parliamentary elections on 04 July and the inflation report on 17 July do not bring significant surprises, the markets predict that the BoE will start lowering rates at its nearest meeting on 01 August. 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Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. 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CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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