Bitcoin Forum

I remember a few years ago, not so long ago but 3, 4 years ago, When we used to dream and talk about mass adoption, institute investments, big sharks, and companies coming for the take just to bring us the opportunity to benefit from the Bitcoin, I'm talking about us, the small ones, little ones, us the community behind the Bitcoin, believing in it and supporting it with whatever we've got. What we were dreaming is now the reality.

We used to dream about prices above $20k, but now look at the price, it's way more above $30k, of course, we have had our ups and downs, our peace and war, agreements and disagreements, but now we stand victor, years of disbelief, understatement, hate speeches, haters, etc.

Holders of yesterday now are the winners, this is the fruit of their patience now, do not stop believing in Bitcoin, fight as you have fought before, go on and keep going, if you feel it's time to get out, then cash out and go home, if you still believe in the system, then keep holding and wait for the big turn ahead, because the ride has just started, and there is a long road ahead of us.

I would like to congratulate everyone who believed and stood by Bitcoin, hope to see more and big changes for us all in the years to come.
many of us never thought about the price to rise this much, of course, we used to speculate and dream about it, but now that we are in this moment, it just feels unreal, happy to be a part of this community, cheers everyone!

True, not long ago when everyone were selling bitcoin under panic due to bear market and threats from the government authorities there were few who stood against all the odds and didn't give up on Bitcoin, indeed this is a rewards for trusting bitcoin which they have reaped today but when we speak about dreams and discussion lole mass adoption, institutional investment, it still create concern in my mind because the more institutional investment gets into bitcoin the more power they achieve to manipulate the price.

Congratulations to you. We're all winners who have held for a long time and just as we're thinking of it for the past few years. What's funny to see today are the media taking bitcoin's price move bringing feat to the small investors again.
They've never changed just like when bitcoin crossed to $40k-$42k then it had a nosedive to $30k-$32k, that's the definition of them as a crash. Yet the pricing is still high.

Imagine how negative the mindset of people when bitcoin reached at $3k+ level and many truly believe that it will die at that point since that dump is so deep but look what happen now the price sky high so much which creates more earners and it's good to see people celebrating due to the earnings they get right now.

Also it shows that there's nothing to doubt with bitcoins since even if huge dump came massive pump follows.

For those people who bought at about $3k level, and hold this long, this is their huge reward. Getting about 11x of their initial funds is such a huge blessing. Truly, patience is needed in this market. If you believe in bitcoin long time ago, you are now reaping your rewards big time. That is, if you want to sell in the current market, but if you decide to hold more, that's fine also.

Bitcoin is indeed well known as an asset with high volatility, even can said to be extreme. When it goes up, the price will skyrocket, on the contrary when it goes down it will fall very deeply.
On Monday, bitcoin had dropped in price by over 20%, erasing a $42k gain this year. And for those who sell, can’t get a cheap price anymore. Bitcoin has been one asset of speculation whose prices are constantly rising and profitable for those who dare to hold it until now.

Actually i probably witnesses many talking about bitcoin power. Because it's a first cryptocurrency that's why everyone support bitcoin as well. I was hearing hardship since btc price was 900$. It's now 40x obviously. Obviously bitcoin will be always volatile assets. Buy the dip when negative occur, sell like a king.

You are bringing back discussions from maybe 4 years ago but there are far better threads on this forum.

6 years ago people thought it was the end of Bitcoin and we'd never see 1000 USD again after that Gox fuckup. You could see people calling others bagholders because they did not sell at 1000 dollars.
Time flies. I'm sure we'll see many similar situations in the next 5 years. It's hard to imagine but there will be people complaining about not buying at 50 thousand when it was still cheap :D

Well the reason is there are too many institutions or big people in industries that believe in bitcoin and now they are also accumulating bitcoin. I want to congratulate people who were not able to convert their bitcoin to fiat during crisis time and that was the time when there is a pandemic. People at that time were in a financial problem status and for sure some of them converted their bitcoin to fiat and now they will perhaps regret to see that bitcoin was pumped up doubled than we expected. Indeed, congratulation on everyone who gained a profit by the bullish time.

I guess though it's inevitable, it is bound to happen and it just speed up when the Covid-19 infection spread (I'm not saying that we have to thank that, because it's not when millions are dying). But with government printing money and QE, retail and institutions will have to look for ways to hedge their wealth and Bitcoin is the answer.

That's why we have seen it's tremendous growth at the end of the year, breaking all time high after all time high in record numbers.

Most believer always had that faith that the price will be trading above $20k at some point. The signs where just everywhere, the demand was continuously increasing while supply was decreasing as a result of more investors buying bitcoin off the exchange and storing in their cold wallet. Also the halving mechanisms was superb for decreasing the circulation of bitcoin in the market.

Everything was pre set-up. Bitcoin was the perfect investment for the future, it has it all what a promising investment should have. We're still very early as there are more opportunity for growths in the future. The institutional investors are coming in steadily but this isn't their best, there's more incoming and the best thing to do now is get in solid position by buying bitcoin (that's if you don't have have any yet) and for those that already have, they should increase their portfolios holding.

Steadily the industry will dominate the financial industry, we're yet to see the government adopting the technology. When that happens then we can fully say our dreams hads been fulfilled as I believe that's what most enthusiast are waiting on although it shouldn't be so.

The FUDs did work their magic on making people panic somehow but we still stood by and now here we are at the top. When the time that the bear comes back, FUDs will start pouring and we will still do the same as we did back then. Good thing about FUDs is that they keep bitcoin being a relevant topic which could catch an eye for someone that might want to invest and get their lives changed. We do not have to be a sycophant about what is happening though, the market is not perfect so we should know when to separate reality from the hype, no sense being in a bitcoin circlejerk.

True but to be fair we are still very far from mass adoption and the real dream about bitcoin was never about some arbitrary price target to be reached but for it to be used all around the world as a "peer to peer electronic cash system". When you see people still call bitcoin an "asset" (even in this topic), a store of value, gold 2.0,... you know that the dream is far away from becoming a reality still.
Interestingly enough part of it is because of the price rise since when price keeps going up people view bitcoin as more of an investment rather than a currency.

That is true, years ago, a lot of people doubted Bitcoin, its potentials and what it stands to offer in the future, many even got fed up that they sold their Bitcoins for peanuts, some gave up because the anticipated price or ATH was not forthcoming and some also got fed up because the anticipated mass adoption was not forthcoming, but in the space of a year everything changed even in a time where every country is battling with their economy due to Covid-19. It was last year that many platforms, adopted Bitcoin, it was also last year that a big attention was channelled on Bitcoin by institutional investors thus seeing the price growing as massive as any one could imagine. Because of the potential and value achieved, many people who lost or misplaced their private keys started looking for it, this is to show how valuable Bitcoin really is and will be in the future.
Also, the lesson to learn from Bitcoin thus far is that, the future of Bitcoin is very bright and that although there will be many ups and downs, although there will be many challenges but let it be known that, Bitcoin has come to stay with us and of course will keep enriching those who believes in it.

Last year it made me reflect a lot about Bitcoin, never before had I been so attentive day by day to what was happening around it.
The pandemic has been the most shocking event in my life but as time went by I was able to allay my fears by watching the behavior of bitcoin.

We have received important news around it which shows that it is marking a before and after in our economy. Resulting in the technological advances that will transform the digital economy by using blockchains, bitcoin, crypto and new digital assets.

Mass adoption is the biggest problem that we need to tackle because bitcoin has a limited supply and there a lot of coins that are lost in the cyberspace or in dumpsters. My dream is for gold to become the most recommended asset than any other investments out there, with this one, it is more likely that we can reach this goal rather than pushing for the former(mass adoption).

We have institutional investments and high price as well as people who profited from this immensely, but I don't think we have mass adoption of Bitcoin as money. It's still a dream, and we didn't move significantly in that direction since 2017 from what I see. People barely mention Bitcoin as something to buy stuff with these days, and even when businesses "adopt" Bitcoin, it turns out they're transferring funds to BTC instead of letting people pay for goods and services with it. And I find it deeply disturbing that even though Bitcoin is clearly gaining more trust and popularity, it's a very unpopular thought nowadays.

The ones who survived are the ones who knew it will be worth a lot in future and if possible, should continue to hold it irrespective of falls in between it has come through. It is a roller coaster rise always with bitcoin so those who feared would have sold it and unless they had bought back again, they are just witnessing as an audience these new heights. This high of touching 40k might be a big change it can bring in 2021 as those who were still out might now jump in to buy and become part of it too.

I now regret not getting rid of my bitcoins in time. Unfortunately, I made the wrong decision a couple of years ago

Still, a lot of the so called "experts" believe that bitcoin is in a bubble, and are too stubborn to change their beliefs and accept how the world is progressing. No doubt, bitcoin, or atleast a form of cryptocurrency is probably one of the currencies that will drive the future, but even though we are excited, we do have to accept the flaws. High transaction fees and long block confirmation times play a major role in hindering widespread bitcoin adoption in day-to-day usage. Also, the volatility of the market does tend to discourage consumers from using it. Some new technologies and updates like SegWit and the Lightning Network are working to get these issues ironed out, but each has their own pros and cons.

That being said, its no denying that as the adoption of bitcoin increases, its market cap will too, and its been a great thing for long time HODLers who sold in the recent ATH/planning to do so in the future. I unfortunately used a lot of it up lol, so thats a shame, but I guess we do learn from our mistakes eh?

The fact is that the hopes and efforts of the bitcoin community in general and in particular have been fought for have come true. This is where the role of the bitcoin community becomes an important indicator in the development of bitcoin from year to year. Although still on a small scale, they are still part of it. And we as newcomers are grateful that without your hard work, we wouldn't have been able to love Bitcoin this far.

Basically people talk about something when its enough potential and have bright future. I am agree with you that few years back people were talking about the legality of bitcoin and its real use. At the same moment some people took their best decision and now enjoying the result of their investment. Yeah its true that there was a time when we were talking about bitcoin expected price where some were expecting it will never touch 20k. Its quite common and we can't blame them for their negative thinking about bitcoin because when is a matter of investment you will have to keep both minds open for it but now bitcoin have already showed its worldwide popularity and demand.

I believe in upcoming days we will gonna see lot more things where bitcoin price can get lower or much higher but people's negativity and fear about bitcoin will be decreased for sure.
 
Holders are always winners but you jut have to know when to hold and when its time to sell. In most cases traders are making much profit than holders by continuing their trades and they are continuously increasing the amount of bitcoin on their wallet. Although i suggest people not to start trading without gathering proper knowledge about this field but in recent time a big number of bitcoin holders are choosing trading as their source of regular income.   

It became so real to me when PayPal made their announcement, I was a bit surprised to learn that a company like PayPal have agreed to include the acceptance of btc among their services, and then there ws another headline about the US lawmaker proposing the use of btc curb their economic crisis, this are things a btc supporters can only dream of back in the days, but now it is no longer a dream,
With much persistent, institutions are joining and more are also planning on joining  ;D

Perhaps people don't need bitcoin as a means of payment? 

The main advantage of Bitcoin is that it is a deflationary asset.  Also its value is that the Bitcoin network is decentralized. 

Why do people need a new payment system?  Don't people have the ability to buy coffee or a pack of cigarettes with a bank card?  At the same time, humanity really needs a worldwide decentralized reserve currency. 

Many countries do not trust each other.  People want to save their capital from inflation.  In our volatile world, there is a need for a deflationary asset.

That's the breaking point that allows more people to learn this system, after PayPal joined the ride the market reacts positively, we've seen

more good market movements even the situation during this pandemic didn't stop bitcoin to continue moving forward, the dream before are

now being happily enjoyed especially for those who manage to store their assets and now seeing the actual value.

remembering the unforgettable past, whether I was a part of it all or not. but I am very happy to hear that so far it has made us want to return to those times. ah never mind as a parent I enjoy this struggle. bitcoin is growing more mature, so it will really grow day by day.

Congratulations to you, too! Never really doubted that one day, my efforts in this community and field will pay off. And it did. When many told us that what we are dealing with is just a scam and won't bring us anywhere, we stood tall, did not allow their opinions hinder our support to bitcon, and here we are. Many of us are already harvesting the fruit of our labor and I'm sure that it tastes sweet. Sure, there are still things that do not go the way we want them to but there are still more things to be grateful for.

Hopefully, more people will see what we see in bitcoin. Looking forward to that time. Anyway, cheers to us!

Bitter truth, The hardest part is if the government is against crypto then you can't even share these stuff with your friends or family because the first thing they would say is it's illegal as government is not supporting 😂. And after holding BTC for years suddenly big whales will enter to manipulate the price so that they can buy it in cheap, after holding nerves and your uff patience you will get reward finally. It will be like I have done something big thing in my life ;D

before it was only a dream for us seeing that btc will reached 40k dollar but for a long years of waiting it finally turned into reality , how cool was that ? but it wouldve been really cool if we still have our coins with us but no because we got tempted and sold early .

im talking to the majority because i know that they can relate to this but for the few , are there really be able to hodl for so long ? they are the real legends . props to them .

In terms of price you are right but what about others, the most important?, we envisage the institutional investors alongside retailers which we have seen in recent bull market. What we should be interested in at this time is: bitcoin to become what the fiats is used for (there should be more companies that accept bitcoin for their goods and services), buying of goods and services as we have it in fiats. Until this is achieve there are some big dreams still awaiting reality IMO.

Just because the price reached  $40,000 does not mean that we should think that this is everything and do not need anything else! Bitcoin is not used as a means of payment in many countries, in my country for example I doubt that more than 10% of the population uses bitcoin and the less than 10% of the population uses bitcoin as an investment and with many constraints such as: it will be difficult to withdraw for bank because it has high fees and also when buying bitcoin it has annoying KYC and pays high fees.

Bitcoin has not yet been legalized in many countries, not even in the U.S. has not yet legalized bitcoin, it just allows people to use bitcoin. but laws that benefit bitcoin have not yet been created in many countries, we are far from perfect

It is true. I have enjoyed recent times very much after having been holding for a few years. The ATH after ATH, the excitement in following the price, the entrance of institutional investors, the predictions that talk more and more about higher prices...

Now I just hope that it is true what some say that we are on the bottom of the S-curve and that the best is yet to come.

all also of course expect that and we can see the fact that ATH will continue to be updated every time by continuing to direct the improvements that are very much awaited.
improvement, of course, if it can involve everything, not only bitcoin because the impact is not too pronounced for those who hold altcoins, which may be more than those who hold bitcoin.

Yes, something that was dreamed of has come true but with this high achievement I personally am still worried that a big dumping will occur. That is just a worry because even I still hold bitcoin and some altcoins until now, believing the price will still go higher, if that worry happens then at least I am ready to overcome it. However, I just don't want to get carried away with high prices, because the market's hope to always be like this is still a big dream so that dreams will go on through time.

For the Bitcoin believers, this is like the dream comes true, believing that Bitcoin can bring the future better, can have a significant increase, and also can make our life-changing. They would still buy and kept their Bitcoin to wait for a moment like this.
But, for those who love Bitcoin when the price is high, they may regret it, regret why he panic enough, sold their Bitcoin when in the bear market, and not paying attention to collect more Bitcoin for HOLD.
This happens because we don't know exactly the future. But for believers, believe that Bitcoin always has a brighter future

Yeah we have achieved something that we wanted before, instutional and an adoption for bitcoin that has made its price bounce 2x from its previous all time high.

But, we are human. We will always not be satisfied with the achievements that have been made, we will make a new hope for the price of bitcoin going forward.

Even, some people there have made that the current price is still low for bitcoin. They believe, bitcoin still have a chance to reach $100.000 at this year, It is very interesting to see where a coin that is widely considered a scam but is now triumphant to beat any investment.

In my opinion, the very high price of bitcoin as it is today is a gift to investors who do not panic and sell bitcoin when bitcoin is down because of threats from government authorities, and in my opinion, only a few people are brave and don't panic.

What was felt by the opening post I also felt it, and I am happy that all dreams related to Bitcoin have come true one by one. It's true that
everything must start from a dream, we don't need to be afraid to dream for the future of Bitcoin. This is what motivates us to achieve all of
our wishes for Bitcoin to become more popular and widely used by the world's population. I am all shocked by what Bitcoin has achieved now,
and I believe Bitcoin can still be much better than now. So continue to collect Bitcoin according to our respective abilities, we will be given an
even bigger surprise.

Human nature, that's what we call for that kind of yearning.
Once we achieved something, we are looking for more.
We are not contented for what we have, I guess, that's what humans are.
But it is up to us how we will take advantage of this situation.
We are in the level that we have not seen in bitcoin's lifetime.
And yet, most of us are not satisfied as we are asking for more.

I'm so happy as well as being a part of this community. Congratulation to those who are able to hold their Bitcoin during the crisis time, I appreciate their optimism and mindset. But, I'd blame myself for being a panic seller and don't have the courage to stand strong and keep the faith.

Anyway, that was a sort of learning. We can't improve ourselves if that never happens to us. Bitcoin still exist, we can still make an investment with it. The next stop will be $50,000, $100k. But just to wait for the momentum to slow down and start buying.

People were speculating about the price to reach above $20000 to mark its ath. As expected the growth happened and people who had patience to experience the real high are enjoying. Most of the users have the belief, but they don't have the ability to keep hold of the bitcoin. This is all because of the change in the market and the necessity to meet life needs. Very few have truly enjoying the reality whereas majority are feeling bad of missing the days, because they've sold earlier.

I would be more happy if BTCitcoins gets an adoption where many users are getting involved rather than corporate fund houses pumping their money and making their profit. It would be great if more companies start accepting BTCitcoin as an alternative payment method and these are the adoption i look forward rather than institutional investors pumping the market.

I am one of those who wake up with a good reality, all feel the same way before in 2018 we all dream of wanting to repeat like in 2017 and now all of that is manifested even better than 2017 I say to those of you who still hold your bitcoin registered as a person success.

IMO most of the dreams come true. $20k, $30k, $40k... $50k maybe?

I never dreamed about mass adoption as I know it's impossible until you can make crypto work as easy as our grandparents can use it.

How long? Yes, now bitcoin is at its best, and everyone who dreamed about it and had investments in this coin in the 7th heaven, but how long this growth trend will continue is unknown.

I think this is full of regrets to those people who didn't trust this coin then it's too late to make a decision I just imagine the price of the bitcoin comes up just 10-15k but the bitcoin surpass the speculation now we are on the top and waiting for another move which is the comeback to 40k USD to 50k but right now the traders and investor keep pushing down the market. It's not the end instead we have a lot of time to earn more courage and money to invest because always happens on the upcoming Chinese new year is another dump and follows for another pump.