That still depends, I’m open to a good discussion on what makes cryptocurrency go up and down
Bitcoin needs to get close to 2500$/btc to get enough momentum to attract buyers.
There was an survey, that the crypto market has 3 circles, so now is going to start the inovation stage. It means that in 2019/2020 the market will start to be bullish again
Market incentive might have already changed, but it’s going to take some time to breach the levels you’re hoping for.
So which cycle are we now in?
Hard to say. I think it has some time to get there.
The bull market will probably come back at the end of 2020, but for now, it is more likely that we’ll just be inside a more stable market, BTC trading at $3.8
All the coins give positive prediction about 2020, I agree. But the volatility of the market doesn’t allow us to be so trustfull
Yeah, sure, but it won’t happen so soon
As I have written, we are going to start the inovation stage:)
As an investor we all want to have the bear just walk its butt back into the forest, but personally as a pessimistic person. I dont see the projection for 2020 being a year that this will happen, over time it took to get BTC to this current price point, as i do believe history repeats itself. I wonder how long was BTC stable at a given number before it broke out and made historical jumps. Maybe this will give me something to do today, and just see time, length and also what each break out and drop then dwell for each price point. I rather have an educated guess than a regurgitated one.
[Edit] OK so I left the original post and will do this edit with Img’s :
Link to where i got all numbers and screen shots : https://coinmarketcap.com/currencies/bitcoin/#charts
The First standing bull was back in Nov of 2013, this was a few years (2009 according to google) after the creation. The peak price for BTC at this time was 1,122 per coin. This lasted and did not platue for some time.
Zoomed in View:
As you can see (Below) that it trended for a solid 4 years before it Bulled again.
Once the trend was over you can see that the Bull ran but only for a short time. This was a good run as it was up over (estimated) 1000%.
I used Power point to create this overlay and to show you what each looks like on top of each other.
The Darker and more gain was from Nov 2013 while the background (in red pink) was from this last bull.
Now that i got all this out and keep in mind i am just a normal person, i work have family and i am not some CryptoDad or what ever that live and only trade no normal job (9-5) type. I like to think from 2017 till the next (maybe) bull will be about the same trend and be done around 2021.
Hope all understand why i will continue to doubt that the breakout of bear and bull will come again wont happen till after 2020. around Nov 2021, both Bulls happened in the Nov time frame (weird).
Dude, no one can predict the bitcoin market. Check the price in Nov 2016. It was 400$. And it was stale for 2 years before. Moving between 300 - 800$/btc. The all of a sudden ot rose to 20,000$ in just 8 months - from May 2017 until January 2018. Thats 50 fold increase. I believe the idea behind bitcoin is to cost a million USD. A satoshi then would cost 1 cent.
@RedneckJoe I completely agree, all i was saying is like many others, there is a trend, and to say that the market will be Bull in 2020 is a bit of a stretch, the market jump in 2013 and the jump in 2017 were 4 years apart and they stated the same once the bull ended in 2013 , but it the bull in 2017 was very unexpected. Which blew so many people minds and introduced new breed of people, but these people were not aware " what goes up will go down"
Okey, great, gonna follow you guys
Agreed. But I think the idea behind bitcoin is to be the first currency in the world
By value? Hard to imagine but definitely not impossible.
Yes, it is hard to imagine, but I hope it will happen
Yes, but bct should keep up with other altcoins in terms of technology
I suppose it is just a matter of time!