Bitcoin Forum

The Bitcoin Cherry Burst at $41,515 Jan 8,2021.

Are you ready to wait 4-5 years before the next one?

That will be 4-5 years of lowering and stagnating bitcoin prices, as history has repeated since bitcoin began.

Or

Do you believe history will finally quit repeating itself and your Lambo is on order.  :D


 8)

Oh well, thank god for Tesla  ;D

Do you really think that $41K is the top? Michael Saylor recently said MicroStrategy bought another $10 million worth of BTC at $31.8 on average. Surely he sees more growth. I saw an article in passing with a headline that says an institutional investor dump their BTC holding because of the FUD caused by the fake double spend. Now that that's been cleared, it's time for another round.

I don't mind some quiet months. This will allow me to collect fiat to buy more crypto :) I don't know why people are killing bitcoin and the whole industry every couple of days or after every 10% dip.

Because they're noobs who don't know any better.

I can wait for that long but it's not going to be long anymore before we see a new ATH. It can happen by this year and you're comparing the wrong year with the ATHs that we've gone including that $41k. It may or may not repeat but the motion of bitcoin relies to the demand which is high by now because of the institutions. What do you think will happen if most of the exchanges started to limit the buy orders for bitcoin? Etoro just did that and it's possible to happen for the other exchanges.

We are just humans and theres no way for us to predict on whats ahead but at least we do already have the glimpse on what things happened in the past.

History repeat itself? Depends because if we do compare to those years where adoption isnt really the same on what we had reached as of this moment then
we can really tell the difference.

Bubble burst on that time and now i dont really be seeing the same scenario.Well, its not a sure thing though yet chances will always happen.
So it will vary on the demand.

4-5 years or even more years to come, it is okay for me. It is advantage that given to me to accumulate more Bitcoins at cheaper price, you get my point?
Around 20% - 25% correction, some already said we are already in bear market? Hmmmm, seems confusing. This time is different, increasing volatility these past few days is normal and a correction like this is making Bitcoin's price action become more healthy.

Don’t rush to get rich because its not healthy, I’m fine to see big corrections again and I’m ready to buy the dip even if I need to wait for 5-10 years, I’m willing to take the risk. I don’t think history will quit from repeating itself, because it is meant to, then so be it. I don’t mind people panicking because I know, bitcoin is good and its meant for great heights.

We haven't started the bull run in 2021 so I don't think that we are going to wait for 4-5 years because obviously $41k is not the ceiling price of bitcoin this year. If history are going to repeat itself, you have to look at the start of 2017 and then the eventual bull run in the end. <$1k at the beginning and finished it's cycle at almost $20k.

Although this is not going to happen as bitcoin exponential growth is going to slow down, but a $100k price is doable this year. So no we are not going to wait for another 4-5 year to see the price goes in a massive rally again. Bitcoin's narrative has change as well if you are not aware of.

Perma bears declaring "the top" every time BTC pulls back. We saw a whole lot of that in 2017. 8)

I'm still not sure whether the bottom is in or not, but it's definitely close. I was looking for a 30-40% correction and we already got 31.5%. Bears, believe me, this is not the time to get greedy.

Even if we enter a bear market after this bull run and it takes us another 3 years to reach a new high, show me a better investment. I held coins since 2015 and obtained most of them below $1k. In the first 3 years i made 20x gain to ATH, even after the pullbacks in 2018 my coins were still worth 5 times what I paid for them. Then 2 years later my profit was a whopping 40x!
If I kept money on a savings account, I'd probably make 10% in 5 years.
If I bought an apartment and rented it out I'd make 50%.
You think I'm afraid of a bear market? Please...

Bitcoin will go above $42k this or next year. That is 100%.   But to wait 5 years. Should that be a problem? Why?  Sooner or latter(this or next year) BTC will reach ATH and after that time we will see 2 years of bear market. Why should that be a problem? Why?