In 2017, Bitcoin went from $3k to $20k because it got public attention. Everyone got hyped up about crypto and started buying a ton, but then China banned Bitcoin and the price tanked. We’re kinda in the same boat now, with Bakkt making waves but still seeing a drop.
Honestly, I don’t see $20k happening this year. It feels like we’re stuck. Glad we’re not at $5k anymore but it’s a stretch to think we’re hitting $20k anytime soon. Maybe next year will be better, but right now, it’s all about adoption.
LOL, really? So 2017 was just because people heard about Bitcoin? That’s laughable. Bitcoin’s had several bull runs and every time, folks jump in late. It’s not hard to tell when it’ll rise again. Halving’s coming next year, and history shows a price bump after that.
Comparing 2017 to today is tricky. Sure, we see pumps and dumps, but it’s hard to predict prices based on past patterns. Relying on Bakkt isn’t a solid strategy, but I still hope we can beat the old highs.
Bakkt has just made things worse, like it’s dragging the market down instead of lifting it. We’re overly optimistic thinking $20k is easy. Prices are dropping and nobody knows if we’ll rally any time soon. Time to take a step back and not stress about every dip.
Bitcoin could hit $20k again, but not this year. Remember 2013 and 2017? Those surges happened around halving. So who knows what 2021 holds! Whales are stocking up, I’m sure.
The price drop is due to all this negative news. Governments and big figures are trying to slam crypto down harder than before. It’ll retrace when the conditions are better.
Everyone thought Bakkt would boost Bitcoin but it’s been a letdown. Thought Libra and Bakkt would get us close to $20k, but now it’s looking like we’re in for a longer wait.
Most newbies hop on the bandwagon without knowing much about Bitcoin. They freak out with dips and pumps. But there’s still hope for $20k, patience is key.
If we compare what's happening today with 2017, the differences are huge. Back then, everyone was rushing in mostly blind. Now there's more caution since regulations popped up.
Totally agree, we’re still in the adoption phase. So many don’t know or are unsure about Bitcoin. We need time for the market to balance out. Hoping for better news in a couple of years.
It’s tough to tell right now, sentiment is bearish. We need a catalyst to spark some FOMO. 2017 had tons of it, but nothing’s igniting that current craze.
If gold and oil shoot up, we might have a shot. I can’t explain why, but I’m still hopeful for October. Thought Bakkt would help, but it’s just confusing right now.
When the gold and oil goes back, there's a chance. I don't know the mere explanation regarding this but still hoping that bitcoin will increase this october. I thought bitcoin will go up when BAKKT is up but what's happening now?