Bitcoin Forum

Did bitcoin just become a history in 2021 ago where the price of bitcoin was able to get the most expensive price of $60k and was dubbed the most expensive price in bitcoin history.
And Could there be more history in this year or the price of bitcoin will end up below $60k.
And ETF may return to support bitcoin as it did in 2021 which gives mainstream investors exposure to bitcoin that will be the starting point for the crypto industry and drive greater acceptance of the digital asset on Wall Street.

You have been in forum since 2017 when the Highest price recorded almost 20,000 $  and yet here you are doubting the capacity of this coin?

and correction it is almost 70k because bitcoin reached more than 68,000$ .

and about ETF? haven't you tired of talking this same thing over and over .

According to CoinGecko, Bitcoin has reached the all time high of $69,044.77. That happened on November 10 in 2021. That is around four months ago. So this is the history price of Bitcoin. The near future price is much higher. There will surely be more history for Bitcoin. Adoption is not yet on full throttle. Anything lower than $69,044.77 does not make a special spot in history because it already happened in the past.

ETF is already offered in many places even in the US. Spot ETF is what the US SEC has yet to allow.

Have you been following the price of Bitcoin lately. It passed $60K last year and at the end of the year it almost touched $70K. Why? It was mostly due to the fact that an Bitcoin ETF was listed on the US stock market. It was basically a sell the news event.

Right now Bitcoin is in a tough spot. Due to inflation it should go up but due to correlation with stocks it should go down went stocks go down. There is decoupling from time to time. However in the long term it seems to trade as a risk on asset. Which is not good if a recession presents itself. During a war? Who knows.

This is not a question of a doubt about the current price of bitcoin.
But I ask a belief whether all of that will only be history in 2021 only.
There is no need to be angry or emotional when someone wants to know because all of that is also a sense of reassurance to others.
 It's not that I don't know the development of the bitcoin price from 2017 to 2021 but indeed the price in 2021 was so very different that other people also thought it was the highest price in history.
And consider this the year of burning bitcoin.

I think it's just the beginning because the potential for bitcoin to get another high price is still wide open and it is likely to happen this year or in the years to come. Yes, I believe that there will be more history to come this year and the coming year and it is not only about the price but also how much support bitcoin will receive.

So maybe bitcoin will be something that will attract more people on Wall Street and they will contribute to bitcoin. We still have time to own more bitcoins, so don't miss the opportunity.

This year will probably be a history where the price of bitcoin can rise very high, even three times from the highest price in 2017 and people will remember this as a moment where they probably wouldn't be able to buy bitcoin at the current price if they were in this future. It's like when I saw the condition of bitcoin in 2013 where the bitcoin price was below $1,000 and I can only see it as history and I'm happy to be a part of that history.

You do realize that the price of BTC has been far below $60k for a while now, right? or am I missing something here?

https://www.coingecko.com/en/coins/bitcoin

This year may not that favour bitcoin in price but adoption will still later continues, the purpose of bitcoin is beyond this year but always. I have gone more bearish on bitcoin this year and still thinking the price at $40000 or above is still to much, the price can go below $30000 but this is just for some time, the bull market will start again. After many bull and bear market, bitcoin price will still reach all-time-high.

It wasn't exactly that different? I mean we're still in the $40k levels, after that rise from 2021, I'm pretty sure we're still standing at a pretty good place. Sentiments are pretty low though due to it dropping off from ath, but again, that's pretty normal imo, we won't see any market that wouldn't have any dumps and only pumps.

The year isn't so favorable so far, but it doesn't mean that it'd go down for the rest. I'd expect a steady movement so far, but reaching a new ATH doesn't seem that likely anymore. But who knows really, the year is still long, we're not even halfway through it.

For me now, the only problem I see with Bitcoin's price is volatility. With the current price of Bitcoin and you compare it a few years ago, it is really fantastic, the return is good if you really invested on cheap.
OP also got a point about ETF. Especially if you take a look at Gold, when ETF started in GOLD, the price of the GOLD has rally upside ever since. But for me now, even with or without ETF, it's good.

it all depends what will be the results before mid year IMO because indeed 2022 is just started and for me athough market is gradually showing positive signs at the moment its still not a strong proof that there will be a good bounce in the future. So we need more results on this situation especially what is happening on other country that seems crypto market is affected.

Probably we can expect a good results unless Ukraine and Russia relies with crypto because surely there will be a massive impact in the market this year.

Yes ETFs are very influential, even the price of gold is still going up and in contrast to the price of bitcoin, which is still decreasing.
But this is not an impossible thing when the price of gold is expensive and bitcoin is declining.  because the price movement of gold and bitcoin is very very much different.

What do you mean? for sure you have heard 'all time high'? and that's what we achieved last November.

We might be in a bear market so expect the price to really go down this year.

Forget about ETF? we have been in existence and have reach new height regarding the price, We heard it like in 2018 and so far there is no sight of this ETF.

EFT you mean ETF? I thought we already know ETF news is not really important? Sure it gives investor confidence but Bitcoin does not need to be moving in stock markets or index,,, it has strong foundation statistics that grows stronger every year.

Even though retail buying may not be a lot but I still believe people using and spending and trading every day is what eventually puts price at a strong foundation for the FOMO to build on.

That's not going anywhere, I am pretty sure that it's one of the many beauties of bitcoin. Also, can't you like use the market volatility to your advantage? Like many people can capitalize on the prices suddenly going down by buying and then waiting for it to go up and then sell it where they get a big profit.

It happened 2011 then 2014 then in 2017 and again in 2021 so the growth is still on and when you take a look at history just look at it completely. As of now the price is below $40K but it was expected to be in bearish mode but the war mode helped the Bitcoin to recover.

the year of burning bitcoin may not be a good term. we may witness a rise in Bitcoin to about 100,000 dollars, but we are back again to about 30,000 dollars.

• The only thing for sure is that it is very difficult to return to levels below 20,000 dollars
• we are currently close to the bottom and there are many reasons why Bitcoin rises to more than the current levels.
• we have tried to break the resistance point above 45,000 several times

therefore reaching 50,000 dollars is closer to us than returning to 32,000 or less.

The highest price in 2021 did almost make everyone surprised by the achievement of Bitcoin at that time, there were many long term holder who immediately got rich suddenly. The history of bitcoin will not be broken in the past year, we may see new highs in the future, who knows when it is but for sure it will happen. There has been a lot of speculation between 100K as well in the past, it's possible the price will hit that level.

Bitcoin hits that peak last year, there’s no doubt about that and the incoming halving could affect the price of Bitcoin again so expect a much expensive Bitcoin.

Despite of the trend right now, Bitcoin is still aiming for the peak price and we are not done yet. The adoption will also happen, so keep your eye watching Bitcoin because the good price is yet to be seen. Don’t ever doubt Bitcoin again, everything is possible here.

I'm not expecting ETF's effect to be that very big. What I'm expecting is the news that it builds that shall create the positive effect to the market.
What is a better take is not just look at the highest or all time highs of bitcoin in the history. But also to look at the all time lows, this is a very encouraging and optimistic part of history that shall make you believe that there's more and better price that will come in the future.

I strongly believe, the ATH last year can be surpassed in the next coming years.
It may not be this year but if the adoption is growing and the demand is continuously increasing.
The probability that we will see another ATH is very high. We can't tell the highest peak yet as its market is still alive.
For those who want to see the positive side, you're right, just think of the all time lows, and you will be encouraged to invest on btc.

The highest price I was able to sell anything at was $57K as we started heading downward.  I sure hope that wasn't the best sale I'll ever get.  I'd like to at least sell a little over $100K (but it would be nice to sell a lot at $200K).  Here's hoping all the financial wizards on Wall Street are able to take over where genuine innovation and engagement left off.  I think many of us would like to see a massive bubble, just so we can move on to other things without feeling like we left a bag on the table.  It seems clear at least from the community level, that Bitcoin has been losing supporters that helped carry the project here, while coveting support from people like Michael Saylor.  It's sad, but so long as we see new highs in the next year, I'll send Michael Saylor a thank you card myself.

I think Bitcoin EFT may be too risky for new investors because it is not close to retail investors with high costs associated with rotation of contracts of up to 5–10%. And to be honest, ATH will hardly be a hot topic for BTC in 2022, but further into the future, we will still be very happy with this market. There's a lot of evidence that a spot Bitcoin EFT will be approved this year, but I don't think it will have a huge impact on the current market.

It's true that ETF approval has had a huge impact on the increase and support for bitcoin prices to bounce back.
As was the case in 2021 when the US Capital Markets Regulator (SEC) would allow American bitcoin futures ETFs to open up new avenues for investors to gain exposure to emerging assets.
We hope that the ETF will quickly get good support from the SEC so that it quickly gets approval from the SEC.

This is very likely to happen if the pattern still follows previous years where when BTC reaches its highest price then the following year there is a decline but the pattern can also change.
ETF or something new hopefully comes that can have a good impact on Bitcoin so that it can also attract other investors to BItcoin.

Every 4 years we are recording the Highest in history so you can post this now  but surely in the next 4 years there will be another same thread that History is in the making.

ETF? What ETF? do you really believe that this has something to do with the recent pump? and do you really believe that Bitcoin climb that high because of this?

Common man , there are so much good things comes in 2021 that we already forgot about that ETF thing.

There's so much more than the ETF when we're talking about Bitcoin's price pump.
One of the main thing is the mass adoption. I remember Bitcoin ETF approval doesn't have that massive impact.
As I've said there's more than just the ETF.
However, this year might not gonna be as good as the 2021 run, but there will always be a chance for another run especially that more and more government are recognizing Bitcoin.

If someone has a functional crystal ball maybe they could answer the question, otherwise everything is at the level of mere speculation. You should be grateful that despite everything that is happening, the price of BTC is not a drop much lower than some expected considering the four-year cycle.


Futures-based BTC ETF was not something that should have had a significant impact on the price, because it is not about physically buying BTC, which would definitely have an impact if a physically-based BTC is approved one day in the US. The only thing that is certain is that less than 2 years have passed since halving, and that 2024 is very close - then many will say that they regret not buying BTC under $100k - the same old story that is repeated every few years.

The price of bitcoin at $60k a few months ago was indeed the highest price that bitcoin has achieved, but I'm sure that price can still be even higher in the future. Yes, this year, there will be another surprise from bitcoin, and maybe we will see another high price that will be achieved by bitcoin. Hopefully, it becomes a reality to be a sign for altcoins to rise again and reach the next highest price this year because many altcoins have not reached their highest price after a long wait.

I really don't understand why people started to write off bitcoin when the price goes down.

Yes, we have achieved a all time high last November, but we also have to understand the up and down and the supply and demand. Bitcoin can't just continue to go up and goes on a parabola. Sooner or later the price will have to correct itself and then we have it's 4 year cycle that we have to cope too. Forget about ETF, I don't think it will have a significant effect on the price, on the contrary it could be very well put the market in a bubble.

Definitely it will. Just like 2017, that ATH was never thought that it will be surpassed by 2020-2021.

From $38k, there's a quick jump to $42k. This is the kind of good that we always want to see. It's going to have a decline then a sudden quick rise will happen. That's the skyrocket that we don't anticipate to come but when it does, it's really satisfying.

Every ATH that we would reach would really be having that corresponding history which people wont really able to forget about just like on that 19k-20k ATH which we had stayed below for a while
until we do able to break it and reach out 68k as far as i remember which is a  record holding after a decade of Bitcoins existence.We wouldnt know on what would be this year looks like
speaking into its price  whether we do see new ATH or would keeping below on what we are seeing as of this moment.It would really vary in lots of factors which no person could
ever know on where it would be heading.

Speculation is speculation, people think that when you make some guesses, that is a given information or like data, it is not. Unfortunately, there are too many people out there who call themselves "influencers" and they say things like "x will go up" or "y will go down" and that is why many newbies think that we are talking here with the same confidence.

Reality is that they do not know what they are talking about and neither do we. We just make assumptions and sometimes we are right and sometimes we are wrong. At the end of the day, there is a good amount of deal where we could make a good income from the predictions if we are right, but if we are wrong, we should not take down others with us.

exactly mate, we must take a look at both side and not just for the the record of Growth in which we knew happens after Bear and the bull after bear.
this means healthy of market keeps showing for all time so best to check what can bitcoin give and what can bitcoin get.
this will further to expect another ATH but at least to expect another Dumping
I'm also afraid if people will only look at what can bitcoin give and never for what this can take .

So-called experts or influencers do what they know best to make a profit, and I agree that most have no idea what they are really talking about, but they don't care too much as long as there are enough people who trust them. However, I would not agree that everyone is in the same category and that no one knows anything, especially if we consider this forum and people who do solid analysis, although they may not always be right.


In the past 2 months, those who follow Bitcoin could see more than obvious patterns that show how someone very skillfully manipulates the market with a very simple method - "buy low, sell high, repeat all over again". I will not repeat the same things again, but I wrote my opinion on this in this post (https://bitcointalk.org/index.php?topic=5388670.msg59451812#msg59451812).

I guess that you(just like 99% of the Bitcoiners) are obsessed with the Bitcoin price,not with the current condition of the Bitcoin Core blockchain nor the adoption of Bitcoin as a payment method across the globe.
Is it really that important for Bitcoin to hit another ATH in 2021?Would it even matter,if the Bitcoin price gets pumped via some price bubble/FOMO phase/artificial ETF hype to 60-70K USD for a week,and then crash back to 30-40K USD?Some traders will make big profits,many naive buyers will buy BTC right before the bubble pops.Long story short,lots of money will change their owners,but nothing else will happen for Bitcoin and the blockchain.Do we really need this?
The Bitcoin price makes history,but Bitcoin will not become history,if you know what I mean. ;D
 

I became friends with an influencer. She is a person who is great at auditing projects but she doesn't charge any money, she works for the people and investors and not for the projects.

It means that she has a whole group of people who are investors that follow her, and then if there is a project many people on that group keep wanting all the time, and talk her about it, then she will do an audit for the code itself, and share what she finds. That is a legit person right? Even she gets paid by the companies for sharing it on her website or twitter.

Even people who are legit end up getting paid, and maybe it doesn't reflect on what they find, but it does change the tone if she finds nothing. A project that finds nothing is "nothing wrong on this one" whereas one that pays "we are partnering with X project and they are the most awesome code I saw", same zero errors, and yet two different approach.

If these people will start to look at all time lows, they'll understand why is it that many of us are still holding and believing in bitcoin. These slow price movements are normal.
These price dumps are normal but in the long term, they'll get to see what we've seen and it will make them realize why bitcoin is considered one of the best assets of all time. These gains are incredibly high compared to other assets over time.

I agree that we cannot say that all people who do such work are doing something bad, there are always exceptions. If that person is helping you and others to be successful in their investments and is not yet asking for any compensation, then this is one of those exceptions.

However, all those influencers that I personally had the opportunity to see on YT are not worth anyone's time, let alone investments. If you understand Bitcoin at least at a basic level, no one has to tell you what will happen in 1 or 5 years - look back and you will easily understand in which direction we are going.

Or we can say that everyone is really here for the money, it's that simply. Just a handful maybe that will legitimate help you out. But I would say base on observation, majority of the influencers and the major motivation for them is to make money out of their subscribers, regardless of their experience. And usually those who are loud and making a lot of noise in YT doesn't have any experience at all, and yet they still have a lot of followers, short of just they are blatantly scamming others with their so called experts advise.

We can count only on fingers on how many of those influencers provides quality content to their subscribers and majority of them if not hyping a project sharing some unrealistic insights towards the movement of cryptocurrency. This is one of the reason why we need to help ourselves to research because this is the best way to know more better on what we are trying to do if we invest on crypto specifically with bitcoin

I guess it did? because I don't remember any year, not even this year where BTC reached 60k. That's high but that was not the last, there could be more than that in the future. Bitcoin value can go below 60k this year but that does not mean that it cannot make a history because making a history wasn't only about how high the value of bitcoin can go but also if how low its value can touch. That will only shock us more than the shock that we feel when the price rises above 60k because it was still new to us.

I didn't know that it was ETF that help bitcoin last year, I thought ETF was bogus as it is always been cancelled a lot of times in the past.