Bitcoin Forum

if we look at the all the news and all this corporate interest in bitcoin ....
10 k look like ico offering price lol:D

if we look the scale how big the institutions will make it then we are just ICO stage of bitcoin  now ;D ;D

If you say that bitcoin's 10k price is like an ICO's pricing stage, then does that mean that bitcoin will crash back down in the long term like how pretty much 99% of altcoins ICOs did? 🧐

https://media0.giphy.com/media/2H67VmB5UEBmU/giphy.gif

techically every coin is ico and every stock is ipo. as far i undestood its just some coin has more support and bigger community and utility can go bigger and go longer.

 ;D

Don't know why he made such comparison in ICO pricing stage? And 10k per coin is actually very expensive if you are talking about ICO price. Won't even think about such logic applied to btc as it has been introduced without collecting money from the community. But it is true that most alts that did have their ICO already crashed their value. And most of them were long dead after few months of trading.

Comparing it with the ICO market that is unstable and full of scams may not be the best idea.
I'm a believer who thinks that every 5 years or so people will reflect back on the old days and say "why didn't I go all in back then", but if you look at the big players on the market right now, if you were able to stay invested for decades, you did good no matter which of them you chose. Google, Amazon, Microsoft, Tesla... they all started low and exploded.

It's funny how people have negative opinions about Bitcoin and say it's a bubble, while Tesla is in a similar bubble right now. It was worth 7 USD in 2013 and went to 440 in 7 years. We're talking about 60x growth when Bitcoin barely went from 1k USD to 11k in that time (11x). Based on the above, I say that Bitcoin is yet to see a real bubble that will easily take us to 50k USD.  

Stop comparing bitcoin to ICO because it was Bitcoin who made a success first before ICO was introduce, ICO produces Altcoins but bitcoin is the main coin, so  you can't compare. Bitcoin has not ICO price, it's price is high now but due to its big potential, you can still consider buying it and hold, but don't consider it as an ICO so people will not be mislead.

Bitcoin was in no way an ICO though. Bitcoin is proof-of-work[1] not like how tokens are(proof of stake), people were just free to mine bitcoin using their computers back then.

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[1] https://en.bitcoin.it/wiki/Proof_of_work


I get what OP was trying to say, I was just messing with him with my response lol. If I understand correctly, OP was pretty much just saying that it's still really really early and bitcoin still has the potential to increase a lot from the current price.

OP could've honestly used a far better analogy than ICOs though, like probably saying that bitcoin's current state is like the IPO stage of a huge stock like AAPL or AMZN.

so bitcoin had no ico so the ico is now ...lol:D  for its peak but for instutions the 10k is bargain price and ico so its ico for them

I totally get what you're trying to say. You just really chose a bad analogy(ICOs). You know how bad the reputation of ICOs are pretty much anywhere. :P

i wanted make it more funny:D  if the btc ever can hit the ATH even over 100k and who knows maybe even more then we can look back and say that 10k is an a ico price:D

This is quite correct. A coin having large community of users will be able to stand longer in this market than to those of the majority of ICO tokens wherein projects are temporarily active, which is the most observable difference of Bitcoin from ICOs. Community of users won't be enough, there is something in Bitcoin which keeps its market price, and that might be its reputation as a digital currency.

Just like what other users have mentioned, a better analogy would help. We do get the point. The market price of Bitcoin is volatile, given that companies are getting their interests into it, there is a tendency for the market price to increase eventually which would seem that the $10k usd, in this case, is an ICO price only due to the increase in demand. What made the analogy quite sketchy is the fact that what happens most of the time is that, after the ICO, the price of a token is on downfall direction which is somewhat in contrast with what is more likely to happen with Bitcoin's market value eventually. Still, the thought is there.

This is not a newbie section and older accounts do understand the sarcasm.  ;D
Get a bitcoin now while the offer last, would this have been a more suitable way to send the message... Lol

there is a big difference between sarcasm and trolling. if you check OP's history you can see which one they have been doing recently. the funny thing is that during price rises a lot of accounts like OP are created posting all kinds of weird things...

I agree. We're early investors then. I have 0.002BTC in my account and I'm gonna be a whale!!!

The adoption is coming and it's possible that a few BTC on your wallet is going to be your most valued possession in life. But lets not just set an ICO price of BTC, after all it did start with no value if it weren't for the pizza. Back in 2016, reaching the $3000 price was already the glorious day.

Yes, that's how I read it. I do think that a lot of the interest in low cap altcoins is from people who are new to crypto and feel they've 'missed the boat' on bitcoin, because it has already increased in dollar value so much since its inception. However this viewpoint does I feel overlook bitcoin's true potential. Cryptocurrencies can be truly revolutionary. Although marketcap is to an extent a flawed indicator, and tends to overstate true value, Bitcoin's current marketcap is almost infinitesimally tiny compared to the total money in the world. We are heading into an area of abstraction, so figures are of course approximate, but if we assume they are correct to an order of magnitude, then the table below does give some context. This is a few months out of date (May 2020), but as I say we can take it as an order of magnitude illustration.

If bitcoin does go on to fulfill its promise, then now is by no means too late to buy in.

https://i.imgur.com/lGGhbgl.jpg
         
_{https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/}

Nah, doesn't make any sense to compare the two, ICO died already after it's bubble, while bitcoin continue it's lifecycle, went down hard but bounce back, while ICO didn't have a chance because it was replace by something new, IEO->Defi Hype, etc. etc.

And the reason why big institutions and companies are getting into bitcoin is that they saw the potential, imagine putting their reserves to bitcoin and two years after it grows, win-win situation for them.

There are more accounts like OP in this forum, whether the aim is only to enliven or deliberately want to influence other members with their wrong statements.
This is just a trolling endeavor that doesn't matter at all. he is also only a new member who registered in April 2020 and does not understand about ICO and IEO. and he said that the current Bitcoin price is like the ICO pricing stage.

This is the exact problem in the crypto space . The lack of understanding of the market cycles and creating a fomo . Bitcoin price will go up and down regardless of who invests in it , that's just normal.

If we compare bitcoin to ICO then this could be the longest ever and there are no stopping unless we have mined 99% of all bitcoins. So we are in the stage wherein the price has somewhat stabilized but no doubt that it could still gain x10-x100 or eve more in the future. So just imagine a ICO that will go on our lifetime and the huge profits in the future and then the cycle repeats all over again.

I have same questions in mind. Would it be similar to plunged down its price on just like what most ICO projects did? No it wont be the same.

10k as an ICO price on Bitcoin? Being optimistic isn't bad but to consider on how far we have gone when it comes to its starting price.I don't see for current btc price
to be cheap for someone can easily buy on.

Well, no one can tell but this for sure isn't an ICO price stage.I do rather believe that we are on the middle section but who knows if 5k will be the typical price in the future.
No one can tell.

Altcoin ICO is far different from Bitcoin investment, ICO's is still crownfunding, and still struggling to get investors while Bitcoin already stabilize has a good number of people already HODLING, and is introduced as viable asset by both Crypto and stock market investors/traders. The only difference now, is more Institutional investors have started to migrate into it, and allocated Millions of their portfolio's to it.

ICO stage ?
Are you sure ?
How can you even decide any stage of bitcoins when it's non centralized and doesn't even have a central authority which influences the price. At the same time the ICO's are way different. They need a lot of support , trust and there is again a lot of competition.
But bitcoins have already gained all of this and it's actually amazing to see the growth since 2009. Most of the ICO's generally die in a while and 5K is not going to be the typical price. How would you even come to that point ? Due to Demand and Supply the price is ofcourse going to climb up very soon. There might be some downs but at the end ofcourse it is going to be good for the long term holders.

I think bitcoin price now 10.7k+ is not a small matter.but bitcoin is the King's of crypto ,if crypto survive btc will pump sure .so that point ,btc price can be pumping more in near future but still price is not under control for lots of people.

I read your point & i am  agree with you ,10k per coin is not easy to invest for everyone

From the  scratch I don't really comprehend you because these illustrations is making me to reason both positive and negative about bitcoin, but I don't know if really I could comprehend these.

Bitcoin is still a good stage that is still attract many investors to use bitcoin because is well stable and in good condition compare to ICO which has loose value in the market during the pandemic that make so many investors quite the project because is not a reliable project.
Those that still holding their coins over some months now hoping that market will change for them to release their coin to market. I think this is the season for bitcoin to be more stable than any other coin.
ICO cannot be use to compare bitcoin in terms of price. Bitcoin still more valuable than ICO in the market despite what the covid-19 has caused to others currencies in the world.

I agree. Haven't remembered any ICO ranging into such amount of $10,000 like Bitcoin did so strongly the comparison of Bitcoin to ICO and not that appropriate for those are two different things on their own unique way. Added by the fact that you are right on which $10,000 is pretty much expensive for a price of a single coin of an ICO.

With regards to Bitcoin alone, it is worthy for investment for we have witnessed that even at the time of pandemic, it still work on keeping its price up although it was slightly affected by the negative impact of the pandemic when it started way back the month of March but the good thing is that it still manages to recover from such drop down and stand along way having an impressive price improvement amid with the existence of this pandemic.