Bitcoin Forum

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

GAME OVER   ;D

173 days? That's nothing. It took 1000+ days for Bitcoin to return to its all time high that it hit all the way back in November 2013 ($1100+). It could take just as long for all we know, but 173 days is nothing to worry about. It is different this time around due to the increase in interest, but I don't think it will make it more difficult for BTC to reach new heights.

If we are making comparisons, don't you think its rather unfair to compare movement in 173 days with movement in 1,176 days without bringing in other factors that could have affected price of bitcoin to swing both sides. For me, if you restrict the previous 1,176 days to 173 then compare with what we have currently, you will agree that price is not doing badly at all and the all time high that we witnessed towards the end of last year opened everyone eyes to how far can price go without any basis and we are yet to recover from but the earlier the better as that is when we will start seeing potentials in the current situation.

doing your own research also needs experience. you need to know what to search and what to look for!

for instance in this case what you should have done was to search about ALL the other times we had a bear market after a huge ATH. and there are at least 5 or 6 other times other than the Mt Gox 2013 ATH. but unfortunately people don't  care about that, they just stick to the last time and analyze everything based on that!
for instance there was much shorter bear markets (2-3 months) in the past.

there is nothing significant about this in my opinion. the trend is the important part.
our current All Time High is sitting at $20,000  and we may not see a new "high" for another year but we can see a bull trend of a slower but a much solid rise  from $7k towards that ATH and the number of days with a new high can grow a lot more than this. but would anybody mind it? no. a solid rise is more important than setting a new high every couple of months.

The December 2013 BTC price ATH is no longer an ATH.All the older all time hights are no longer ATHs.
The only ATH of btc price we should talk about is the December 2017 price.That  1,176 days streak isn`t important at all.People are analysing the btc price movement based on historical price movements,which is wrong.The new btc ATH might happen after 20 days,or it might happen after 2000 days.Who knows? 

OP, then what are you waiting for? Find a job, a second job, any job and accumulate more Bitcoins while the price is under $10,000! This is an opportunity of a life time, do not waste it.

That means bitcoin is getting stabilize and it can be relay on to be used by business. Bitcoin is going to get upwards movement very soon though we need more stability than pumping if bitcoin will or should be used as money. We should be more optimistic about this new discovery.

If the price is low for too long then you have more time to invest on but surely the price will reach new high sooner or later but definitely it will.Still the price of bitcoin is decent and it is waiting for to break the resistance at $9700 maybe it will happen at the second half of this year so we may see the new ATH at the end of this year.

It took 1000+ days when it had a very low circulation compared to the present. By those days it was in its early days of into evolution and truly requires time to gain potential. Now the scenario is different, it has the potential and due to some sort of manipulation from large scale investors the price isn't growing high.

I think bitcoin being overbought for the past 6 months would not make it more difficult for it to reach new all time high, but i'd say we might see lesser action for the next coming weeks and might get stable to the current price range for a while(especially now that institutional money has started coming into crypto space). IMO, bitcoin atm is on the accumulation stage, getting ready for the next bullish run.

At least Bitcoin price is healthy at $7,000. As i remembered last year we are waiting for a very long time for the Bitcoin price to reach the $5,000 value so if we compare the performance of today from last year then still this price is still considerable and stable. Its just happen that the price of Bitcoin is high as $19,800 last year that most of us are really eager to hit that mark again but better we should use to this current price while we are waiting for future progress of the Bitcoin value.

No need to exaggerate things.

The difficulty went up nearly 15% a few days ago, and it currently signals a +6% difficulty adjustment for next period. It means two things;

1) The current price isn't low at all, meaning miners have plenty of room to keep making profits even if the difficulty keeps increasing further and the price doesn't.
2) The current price is close to break-even levels, but miners mine anyway and accumulate in anticipation of higher prices later on.

Option 1 is the most viable in my opinion. Miners in most cases only care about the economical gains they can book right now.

I do not think the "new high" will take all that time "1,176 days (from Dec 2013 to Feb 2017)". Single good news "LN activation" is enough to raise the price to $ 10,000 again.
There is no need to repeat the time events, the decline in the past has its reasons, which are entirely different from now.
With the current upturn on bitcoin, the probability of a return included because this decline is a correction

True and lets not exaggerate making the last hype of $20,000 is the basis of the price because we all know that it was a bubble and it will take long time before reaching it again in a normal way no bubbles ,$10,000 is the highest value that for sure will happen this year but if  growth go over that then lets all be thankful but expectation will only bring us bitterness

I dotn understand why people keep repeating that because of current awareness, things are much different.  It is normal that awareness is  higher. So it is price. Last ATH was at $1200 now is at $20000. So yes much higher awareness is needed to reach $20k then $1.2k.

Is the mining calculator wrong, then?

https://www.cryptocompare.com/mining/calculator/btc

So sad that we haven't got any since 173 days. Well, just stay positive. I think we can get through of this. Probably late August or September and we're on just like last year :D.

Nah, this is a healthy sign.  True, the speculators who are expecting nothing but an upward trajectory for bitcoin are probably moving on to...whatever...but everyone else who's been through weird markets before knows that's not possible. 

As pointed out, bitcoin went a hell of a long time before reaching new highs between 2013-2017, and I remember those days vividly.  I thought bitcoin was dead at that point, and then at some point it fell below $200 and I was sure it was in the coffin--but it wasn't.  Nor is it this time.  The doldrums have to shake out the weak people in the market before it can start booming again.  So stay tuned.

We have to wait for 2-3 years for another ATH. The bubble has popped. We should test again lower prices to determine the real BTC price and it could take years.

Do not be discouraged, because bitcoin is not over yet. Currently the market is falling, but you must have confidence that the crypto market will be able to bounce back. Bitcoin falls for 173 days, but between 174 - 360 days bitcoin definitely has an opportunity to increase.

Is this really important? I mean the streak? It doesn't really making sense to me since even with no established ATH, we can take advantage of bitcoin price.

As always, if people's goal is to hold for long then just acquired and increase bitcoins on our respective stash no matter what then patiently and calmly wait for that dream of going again to the moon.

People just have to "TRUST THE PROCESS" instead of using the term "RUSH THE PROCESS".

I still feel like its not enough to clean bitcoin's price. As you already said yourself bitcoin needed 1000 days to reach its former all time high. I think it will be shorter this time but 173 day waiting is nothing.

That's perfectly fine with me if so, but due to how many crazy bullish developments we'll be going through, it will not take that long to break the current all time high. I think that if we allow the market to slowly climb up, 2019 might be the year we demolish that CBOE & CME peak. Current time allows accumulation to take place on a longer term scale, which is something we should all be happy with.


There is no real Bitcoin price in general terms. I won't buy Bitcoin if I think its overvalued, and you won't do that either. It's all based on what you as individual wants to pay for it, and that price will be the real Bitcoin price for YOU.

Likewise, we did have a long correction in 2015 loosing more than $1K lose when the value was too low. $1k value is too much. But just look at the hike takes place right after every correction. There will be huge hike and hope to have the same hike by end of this month. Fluctuations are normal with crypto currencies and the wise uses this fluctuations wisely. Never give up at any situation. If the value drop try buying more coins and hold back, if the value grows up, sell all the coins and profit yourself.

I don't think that's a problem as long as we don't cross $7000 or $6000 since that would be a different story. People seem to care about bouncing back to $10k or even $15kish knowing that everything at that point wouldn't hold, or isn't stable to say the least. With that said, consolidating @ $7k levels before making a push is better rather than sudden spikes only to see ourselves getting lower lows, or worse, slipping down back to $5k. It's not entirely a bad thing to stay sideways for a couple of weeks/months especially if there aren't any strong bearish sentiment building.

You again, you really do not give up on continuing to post your poison all over Bitcointalk.

OP, do not worry, because eventually the price will increase, it may take years but the price will increase. That's because governments will eventually soften up with their regulations.


are more likely to happen

I wouldn't be surprised if there was a few hundred more days at least until the next bull market is able to get started. And even then, an all time high is not guaranteed. It will probably take at least until 2020 for us to reach the previous all time high, in my opinion.

And this is all due to historical indicators. Usually, bitcoin prices move up as the halving comes by, and 2020 is the halving.

Markets are going to be pretty quiet over the next year or two, however. Sideways movement is going to be the main theme here, and don't be surprised if prices go down further in the short term either.

Agree. After this 6 months of fluctuations Bitcoin have not moved to high price worries me a lot and the price isn't moving forward with any rigor. I think the current market situation is bad and the investor are split their investment into other altcoins which give some extra profit that Bitcoin. There are numerous ICO in place and investors buy those with bonus rather than buying Bitcoin may also be one of the reason but not too sure about it.

Correct! It will take maybe 365 days less than that. Mark your calendars on May 15 - 25, 2020. Around those dates is when the halving will happen. I am very confident that the new all time highs might happen 3 months before that or 3 months after.

we really do not have to worry about it because such a bitcoin, bitcoin trickle and down its value because many investors and miners who hold the bitcoin where they sell at high prices are decreasing bitcoin price is down, so now is the right time to invest in bitcoin to buy it at lower prices and sell from higher prices.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

I don't think that just because there is a dump, it'll make the recovery any harder.

In fact, this dump was completely expected since the beginning. There is virtually no point panicking over losses right now, especially if you bought in near the peak, which you shouldn't have done in the beginning. I personally believe that being patient and waiting for the next bull market, which may take some months/years, is the best strategy right now for holders.

I'm pretty sure that if you looked at historical data, having a few hundred days of bearishness across the market is completely normal. Gives time for the markets to consolidate, essentially. Happens every bear market, so I don't get why people are saying this one is any different (it's the end, etc.), it's absurd.

Does anyone here, in this forum, realise that they already won again. By them I mean Wallstreet. They created futures to got cryptomoney for themselves. As always. Without institutional money bitcoin and other cryptos will be a toy. That is how it works in modern world. Of course, I believe in blockchain tech. But we neeed years, may be decades, for real adoption. What you can buy with bitcoin now? The right answer is: nothing. Few shops, few services and thats all. The only chance if something will happen to US dollar itself. That is the truth.

In my opinion the previous pump was not according to the investment cap and was unnatural. In this year that pump was recovered and now the price is normal. It has been corrected so many times and I think it is good for new investors because in the future the price will increase gradually with the increase in investment capital. Let’s see what happens.

Actually I didn't even expect the price of bitcoin to reach $20K in 2017 itself because at the middle of 2017 we are speculating that bitcoin will reach $25000 in 2025 or even more so now the people are more greedy after saw that growth so don't expect too much from your investment still I consider the current price is pretty good for it.

Agreed, similar speculation same as that mentioned by the above user was getting circulated around the forum. Later things happened in an unexpected manner taking the price towards a new ath closer to $20000. Once after that people realized the potential, and started to expect more from the bitcoin. This is the reason that has lead to a drastic change in the community. Hope, in the falling days the expectation will be fulfilled.

no problem, 2018 is still very long. anything can happen in the last 6 months, many people say bitcoin prices will rise towards the end of the year. I hope that's true

Crypto currency market is always volatile and there is no high price or low price fixed. Bitcoin was trending lower than what was expected by everyone now but its alright I think since the price will increase very fast. When ever there is a sharp price drop, there will be a high price expected and I expect a very high price rise from the very low price featuring now.

Well, 1000 days left from a new high, right? I'm sure I can wait for it :D

Yes, it'll be much more difficult to reach new high when the previous high is ridiculously high like $20K. Keep in mind that we're reaching $20K because institutional exchanges are opening BTC markets in the US. It's not just about time, I simply don't have any idea what fundamental thing could bring BTC back to $20K and break it.

Now that it almost breached $6000 yesterday, don't you think the bearish sentiment is strong now?

I think even though bitcoin will not reach its all time high again it is still ok for us. As long as it will not drop again. Just like what is happening in the past few days.

I don't think bitcoin will not drop again, this is the whole trend this year the pumps and dump so technically it will still fall but I just hope that it will be in the higher level around $15k. Let's all be patient and believe that bitcoin can still hit a new all time high this year but yeah no matter what happen with the price I still choose to hold bitcoin.

The problem is that, these days people are always in a hurry to make money and not even ready to care how things should necessarily be. The bubble could have popped which obviously we all know last year price was a bubble and uncalled for but one thing for sure, is that this is not 2013 and a lot has changed. We may actually still get to see more higher lows as the case may be, but at the same time, nothing is predictable and we only have time to see how things will play out but in the same way, we just keep accumulating.

I am also counting days for new peak as it is the real indicator for assuming bitcoin is into bullish mode. When bitcoin was surging up to $9800 levels, I was not happy actually as only new peaks will make me happier. Similarly market started showing down trend even without testing $10k levels. Hitting new high is the only way to measure the growth of entire bitcoin ecosystems.

It is right that the price is not growing and is going down and down with the passage of time. It will take long time to cross the previous highest level which was $20000 and you are right that it may take more 10 year to cross that level. To see this I prefer to invest in small coins because they possess more potential than big coins like bitcoin and Ethereum.

You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.

If people will keep on selling their coins then the price will really dump even more, the condition of the market today is in favor of those people who wants to invest because the price is very low so you should invest today while you have time and do not look at it as a bad thing.

Since the last crash took so long for a recovery, this tells us that we should be patient and be prepared for this recovery to last a little while longer. I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years. That doesn’t really bother me because I wasn’t buying at those all time highs 6 months ago, so I don’t need a new high to make a decent profit.

173 days is actually nothing, but who cares anyway, bitcoin is still going to be having the up and down fluctuations even in between the longer time frame down trend, and that is enough. Also, at least we will end up having some sanity for a while before we start seeing more days of huge green and that as well is something to be happy for. How many days it is going to take before we start experiencing new highs is something we cannot know but at least time will tell. I am still seeing the possibilities to have new high within this year. It means those 173 may not count up to 365.

If bitcoins prices is not increasing then it was still fine because you are having more time to invest today, not every people who are holding cryptocurrency today in the market is wealthy and that is the reason why dumping time is also fine because it lets other people to invest on the market while the price is still low.

Many had expected for the price of bitcoin reaches 20,000$.I had seen continues raise from from August to December last year.And this is the hope for the people to inverse in bitcoin.I had holding bitcoin from this year start,when the price reaches high price.I will sell and get profit.

We always expecting a new all time high happened every year which it's sounds a little bit greedy.i would prefer expecting a massive adoption... Even it won't affected the price later , at least the cryptocurrency has been considered as a well known / popular thing in financial world.
Another good things happened, then the price may follows .

There is no such a thing as reasonable or not reasonable since this market can change literally in an instant. People just assume that we have to wait 3 or 4 years before we break another high, but that's based on nothing but current bearish sentiment. As soon as the price breaks through $10,000 in the coming months, people will start speculating about $20,000 and higher before the end of this year. People fail stick to one long term prediction that makes sense, and that while fundamentally nothing has really changed. The price corrected in a healthy manner, and that's just it. I stand by my $50,000 before the end of 2020 prediction, even if we dip below $6000.

of course we are. people are always expecting for a new ath to happen , not just only every single year but always every time because we all want to get an easy money here in crypto . Everybody wants to earn huge profit and i think it is not greediness but rather that is only willingliness.



Massive adoption or regular adoption can always lead to price changes specifically a price hike because new people will enter the crypto scene. Sooner or later there is a chance that the price can inflate if the adoption will slowly spread and continue all over the world.

I agree I think we don't need to worry it's almost a 173 days compare to the days that bitcoin is down and a thousand days before bitcoin recover yo highest price. Maybe it's slowly grow but i think bitcoin bitcoin will be recover at this down time.

According to the latest high (not including 2013) that's the biggest correction since then, or should I  say the trend down. However, some analysis of mine shown that the longer we do not see new highs, the higher it will be. However, it is very hard to make an analysis on such much as crypto, especially when it is relatively young market. Anyways, we stay encouraged.

It hardly to think that we are having trouble in recovering from dip but it won't be enough to say that crypto will fall deeply and gone. I don't think that cause even though it goes into 1 yr of having same scenario I'm still keep on believing bitcoin and I know there is a light after these.

you should not expect a new all time high during this year because it will be almost impossible to be honest, better to be confident in that it will remain stable

Yes sometimes it take some long time to reach to a new height but do not worry as it will go in the long term. Actually it all depend on us if we will promote the word bitcoin among our friends and family then it will get more audience and they will also share the word with other people. This is a free promotion of bitcoin. In the wake of this promotion we can get a lot of new investors to bitcoin.

Just play, each development of the price of cryptocurrency is not determined by the time, as long as the cryptocurrency market is in the bearish time area it will only make any psychological user will be disturbed. They will be fixated on the decline in price compared to the price increase. The fundamental factor will dismiss all your views about the 173 days or wherever it is. Cryptocurrency markets can rise within a few moments, entrusting to the fundamental factor is the best thing for an investor.

we need to have a sense of attitude and patience because there is a set time for bitcoin price increases, the best thing to do today is publishing digital currency around the world.

Bitcoin may not reach another all-time high this year but there are still some positive growth coming in the second half of this year. I think the whole year of 2018 is the accumulation time for bitcoin with some solid growth not the hyped one. After accumulation time, there might another bullrun on 2019 that may lead to another new high. Growth take time so what we need now is patience while waiting for the next bullrun.

there is still plenty of time to reach new high prices this year, anything can still happen within 6 months. if you remember in 2017 bitcoin prices reached the highest price at the end of the year. I'm sure the same thing will happen this year.

In 2017, the maximum was really reached in December, but you forgot to say that the price growth continued throughout the year. It wasn't spontaneous. This year, all 6 months of continued steady decline in prices. By analogy, maybe in December we will reach the minimum? Think about it and don't relax.

What is happening to bitcoins now has happened in the past before and I don't see it as a new phenomenon. I presume the by the start of August of this year, bitcoins will target the price of 10,000 and maybe end the year with an all time high of 22,000 USD.

173 days is nothing if we compare with how long bitcoin survive. keep patience until the end of year, if we keep to buy bitcoin may be in a few months bitcoin will reach a new high. do not doubt about bitcoin because it will increase again soon.

I dont think $20000 is high price. Yes it is high right now, but not in future. Eventually countries will start buying Bitcoin. Right now rare institutional investors does. There is still long way to go.

thats right. 173 days is still little when compared to the first existence of bitcoin in 2009. bitcoin had always have an increase every single year and for sure it can also increase again this year.  the best thing we can do for now is to keep on hodling and wait until november or december because these months will surely the best months for bitcoin to make a good comeback.


20k is already a high price and we did already earn huge income before bitcoin reach this ath. however 20k is not the highest amount that bitcoin can reach . bitcoin do still have a long way to go.

If you're the true holders, you'll never be affected of this situation, this is good chance to add your bitcoin budget and keep trust on bitcoin. I know that people start to be anxiety with this condition. But we need more patient to hold our bitcoin and make better profit when the people regret because of selling their bitcoin.

How long has Bitcoin been sold at 20k? And what was the volume? I think it was just a momentum. To consider it as an ATH is an exaggeration. What would be shocking is if the price on any day of the year was less than the price of the same day in the previous year.

We are in a different situation and we can't compare today against last year performance as we all know that we are in a stage that regulation has come to take control of this technology. I think investors had taken slowly due to regulations and bad news around crypto. This will take enough time to return the confidence of the investors to invest again. Making to $12k for this year is a good enough for me and we still have time for next year to continue the rally to push the price higher. Be patient always it's a volatile market indeed.

It needs a catalyst for people to buy.

Do you remember a few months ago when Trump pulled out of the Iran deal and some people speculated that there would be a middle east war? Both bitcoin and gold rose in price.

Now that there is no middle east war and even north korea looks safe, both gold and bitcoin have fallen back.

Bitcoin is a safe haven. and when things are going well people don't need it.

Noting is difficult for bitcoin as you see the previous record of BTC you may notice that how it have gone to 20K in just limited time. In Year 2017, BTC has done a tremendous job and hopefully it will be doing even more amazing job at the end of this year. At this time BTC is just checking the patience of new traders and junior members like us. 

yes that's right,  true holders never be affected on any situation even it is worse . And always keep believing that bitcoin will recover again and will never die. which is always keep buying as well at dip instead of worrying and panicking , that is the true holders "no matter what happens just keep holding!)

Don't be too high on conclusions, besides, 173 days is just too short for you to feel and conclude that nothing will happen or that their won't be hopes in the time being. There have been time in the history of bitcoin whereby the price was stable with a low price and without no single increase for up to a year. Time files and then, it hits $1000k and above. As time goes on, hopefully, there might be an increase.

To me i think that 273 is a big time for bitcoin, that is has not touched a new high, but i think that it will take a some more time, because currently bitcoin price is facing so many issues, which is not letting bitcoin price to increase, i am hopeful that it will now take some time when bitcoin price will set a new all time high price record.

Yep. This trend worries me very much as like others and my hope for Bitcoin reaching the new height this year is slowly reducing day by day. I don't know the real reason for the dip in price for past 6 months and to be specific, Bitcoin has reached its highest price of this year of $10k just once and most of the times it is around $7k or 8k range. Whales playing with the price it seems.

Lol. Seriously, you're counting the days? Considering how high the ath is at around 20k, I think we're going to have to wait a lot longer if you're expecting to see another ath or even come close to that. I know there are many people who've been saying this year would see btc to around 35k but I'm keeping it real :p

It is unlikely we are not going to reach a new all time high before that but I keep thinking it is going to take at least a year and maybe even more time to see those prices again, so people need to really prepare for the worst scenario, if you cannot hold your coins for that long then you are probably going to be unable to get any profits in this market.

It seems 193 days now. Soon 200.

It would be way better to search for the date of bottom then for date of next ATH.

Bitcoins right now is on the long run before it goes up again because there are fud that is spreading all over the other countries which makes the price of cryptocurrency to go down so try to hold your coins right now or invest even more in order to earn more profit when the market goes back to normal.

Users having disappointed in these trends for more months now without new changes. We expects indeed to reach all time high as before. Our best options or choice these days during this time without new high is holding our btc.

yes for now there is nothing you can do waiting to wait until the price back up again and really hope there is good news that can trigger a rise in bitcoin prices so that bitcoin prices can be re-voting again and can make everyone can benefit again.

In my own opinion, the market price will be just keep on dumping the price, there are several news in which other countries right now are creating laws and policies for cryptocurrency, that is the reason why most of the people are preferring to sell their coins and the market prices are dumping.

There is no major change is expected as per the current market situation and Bitcoin at the current price is expected to fall beyond that of around $4000 within another couple of months I think. The negative news was impacting previously but not some big exchanges have been hacked which in turn the Bitcoin price is dipped a lot due that factor.