Bitcoin Forum

This isn't sponsored or paid post by Coingecko.

I was just browsing and saw their post on their Facebook page and it hits me after reading it. A throwback Thursday and it's been a year already since bitcoin has reached $64K+ (actually $66k on CMC's chart as for checking it) and there's more to this price because this wasn't the highest. But considering this throwback and this price is closest to the ATH that we've made last year. I'm sure that many will reminisce that moment when you're about to sell but didn't because you think that the price will go higher until you were not able to sell and missed it. And also those that have bought at the top and then has to hold it until now or sold when it's a bit lower to cut losses.

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.

https://talkimg.com/images/2023/07/04/SeCJ5.png (https://www.facebook.com/coingecko/posts/pfbid02KEdDQenDurduwJ45wZyWSNfiC7n6pJ7mHq1uFZw1wnv4ay1WfxhQDgcPBk6aHLFXl)
Source (https://www.facebook.com/coingecko/posts/pfbid02KEdDQenDurduwJ45wZyWSNfiC7n6pJ7mHq1uFZw1wnv4ay1WfxhQDgcPBk6aHLFXl)

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.

You can say that bitcoin was 10x return a year back and it was a good time to sell. But do you remember when bitcoin was at 69,000$, the whole media, everyone was shouting for 100K bitcoin? At that point, it was hard to sell when everyone was anticipating 100K.

You can call this greediness, but these whales make such an environment that a common man like us never sells and keep holding.

I didn't realize it's been a year already, to be honest. It's also almost a year since the ATH, it seems. Well, there are always some setbacks, and there have been pretty bad years for the price of Bitcoin, much worse than the current one. I don't regret anything, and I am sure that Bitcoin recovery is just a matter of time. Hopefully, those who had something significant at $60k+ and didn't sell aren't too sad either if they're still hodling. After all, perhaps the price will be $100k in a couple of years. Maybe it won't, and I'm not saying it's a good strategy to never sell, but regretting not selling is IMO also unnecessary.

When you click the graph you can see how much of an anomaly that 64k was compared to the average price in the previous years.
2017-2020 the price was steadily growing by 2k a year and then it exploded to the ATH and got back down. If 2021 was 15k we'd have an almost perfect rising curve with 19k today.

Have confidence in bitcoin. People in 2015 and 2019 also had their regrets and hopes not knowing that they're so close to another high.

Yes indeed time goes so fast that we often do not realize that the time has passed so long. That means we will also feel the same way when bitcoin reaches its ATH again. Perhaps we would say, "it doesn't feel like the time has gone by when bitcoin has had such a deep decline". This should motivate us that time is slow because today the market is not doing what we want. I believe if we are patient with eating we will not feel long in waiting for the bull market to come.

You are both right in different ways, I would say as from 60k and above was a good time to sell but @virasog pointed out, with such prediction from whales, it was difficult for many investors to make that move to sell. I believe this does serve as a lesson in the sense that every investor should have a goal and a target point so that they don't get confused when the price surpass their target and keeps going. It is a tough but necessary decision to be made.

The hope is always here as long as more and more people are going into this market.
Get nervous if no one is talking about btc market anymore. But with how things are happening these days,
it seems more and more countries are recognizing the potential of btc, making it as legal tender by small countries.
Also, the adoption is further increasing because more merchants are integrating the crypto payment in their system.
Just look at how many crypto casinos we have today. If there are no people patronizing it, they won't survive.
So this year, we may have not seen an ATH, but the hope of recovering this market is high because of these circumstances.

I don't think this was sponsored or paid post. Who will pay for that? However, it's a good reminder for Bitcoin lovers, and should take a lesson not to panic sell. This day Bitcoin was near ATH and we know history repeats again for Bitcoin. We don't know what will happen this day next year or after a few days. It's all about the investor's interest. Some people indeed lost who bought in ATH and some made money who sold. Bitcoin is highly volatile and that's why it's the most popular cryptocurrency.

Tbh, whenever I remember that bitcoin has made above $60k, I always have doubt that it will reach that high again. But I have no option than believing the system.  I believe the system but I feel it will be many years coming for bitcoin to reach another ATH. It will not happen fast to happen and If it happens, it will mark the change of the cryptocurrency industry. Many individuals, government and industries will troop into the cryptocurrency industry.

That's how greed works and hype. Everyone was happy during that time and they are always thinking that we will still go up but shit happens.
So for now, I am curious why people not buying anymore despite of that all-time-high year ago, maybe they are still waiting for some good position or they will be aboard once that all-time-high breaks? We'll never know.

Based on the 100 Bitcoin (https://100bit.co.in/) data the price of Bitcoin in the previous year same day falls below

2013 - $172
2014 - $380
2015 - $270
2016 - $629
2017 - $5953
2018 - $6484
2019 - $7950
2020 - $11752
2021 - $64518
2022 - $19012

This shows that the market during the month of October is in good position in almost all the year.

How times flies. Just now, a year has rolled over and we have now today bitcoin priced at $19k as against $64k daging down to today from a year ago. A difference of over $43k. That's so much for a year and yet, people don't see a buy opportunity nor anticipate the market to have gotten to its dip already.

I think there is no other good opportunity for anyone to buy than now and be ready to wait the time and even more time, it took bitcoin to get to this point in the bearish market before one can hope for some profit in the bulls when it comes.

For those that still hope for a dip below the $17k mark we already have, you might be playing around with an opportunity that could be forever missed. DYOR!

Bitcoin once reached such high prices, will this happen again?

I am sure that this history will repeat itself and will be even more so. Time flies so fast, it's been a year ago. well, This is the Bitcoin cycle where there is a bullish and bearish era. As long as we are able to survive in this bearish era, we will most likely encounter a bullish period that is more wow than before.

What we are doing today is enough to be patient, especially if we have free money to invest in Bitcoin, this will be more promising than just complaining about the current Bitcoin price.

The truth is, all investments are risky. Whether you are investing in stocks or Bitcoins, the most you can really do is choose an investment opportunity that matches your risk-profile. And as far as Bitcoin goes, it is clear that the potential for profit has never been higher. While short-term price movements may be uncertain, the long-term trend for Bitcoin remains bullish, and many experts believe we will eventually see Bitcoin prices surpassing last year's all-time high.

Bitcoin has its cycle of bullish, bearish, bullish with a period that last about 4 years. The 4 year cycle is affected mainly by Bitcoin block reward halving after each 210,000 blocks. With an average block time is 10 minutes per block, each halving has a period about 4 year.

You can get estimated next block halving day from  https://www.bitcoinblockhalf.com/

It would be some day around May 2024, not too far from now.

In history, with each halving, Bitcoin will make a new all time high in its new bullish market. I believe $64,000 will not be a price we have to worry about in 2024.

Double throwback - two years ago Bitcoin price was almost two times less than it is now. Hope that information will calm down those who worry about loosing opportunity to sell at $64k. And it just shows that holding is one of the best solution. Imagine a person has bought Bitcoin two years ago and made x2 minimum and x6 maximum.

Time passes quickly as usual. I still remember BTC soaring to that magical price point and I kept thinking that $100K was right around the corner. It's sad to see it struggling to even rise above 20 grand these days, but this is simply a bad phase.

All currencies(FIAT and Crypto) are suffering these days thanks to inflation etc.

Am confident that BTC will rise slowly and steadily back to its previous ATH and surpass it once the global economy recovers completely which probably might take a couple of years.

Rightly so. We cannot continue to follow the hype without having our own target in this cryptocurrency market. We all invested at different times and ought to be looking at different profit-taking points however if we feel we want to continue HODLing through the continuous Bears and Bull market without selling, then those are the Diamond Hands  8) but Bitcoin that we have come to know will surly rally back but only a matter of time.

I can tell you from experience that it is the greatest accomplishment, if you hodl through the hard times and you get to a new ATH with huge profits. I was there when it hit the ATH in the $40k price range and I sold some coins.... but I kept on to some more coins and the price dropped to $3000.

I did not panic and I held onto those coins and it went past the $60 000 price ....gaining me some VERY good profits. The reward that are gained from that, can be compared to you having your first child, because all the emotions come boiling out.... after it reaches that climax. (It just kills all those skeptics and naysayers)   ;D ;D ;D

Are you saying that you sold some coins at $40,000 and after that the price dropped to $3000 ? Am I getting you correctly?
If so, I don't remember the price ever dropping from $40,000 to $3,000.
Bitcoin dropped to around 3000 dollars in December 2018 and the ATH was around $19,800 at that time. Bitcoin reached $40,000 in January 2021 and $60,000 in March 2021.

Oh well how time flies isn't it, yeah I still remember when the price is above $60k because when I check my wallet I was surprised to see how much it has increased although I sold some earlier. (I still have some though up to this day and continue to accumulate).

Anyhow, history will repeat itself again, maybe in 2025, when the price is around 6 digits there will be a lot of tweets about the current price.

My throwback comes in a month. I actually remember the day of ATH, the day after very well, mostly because I was at an event that isn't normally part of my regular life, and I was, also rarely, in the company of fellow Bitcoiners.

I'd already sold a year ago, forced hand. Still hurts a little that I lived through an entire cycle and didn't actually sell at ATH, but happy that I'll be wiser and not worst off anyway had I not entered in 2016.

Time flies, for sure, as I also recall where I was in 2017 on that ATH =) A digital-heavy memory though, as a lot of us were chatting online as it happened.

Time flies so fast that we hope that the price will reach that high again. Looks like we will gonna experience such a scenario soon when the bitcoin halving will come and surely after that we will gonna write another milestone regarding the bitcoin price. It's really an unexpected turn of events despite the trauma of the pandemic, people didn't hesitate to invest and the price surprisingly beat its old record by multiple folds. I wonder what will gonna trigger the price to rise up to that high again? because the war and the world crisis inflation are making it hard to believe that we will ever reach that price again. but one thing we can assure you, bitcoin price history never ceases to rise just after the bitcoin halvings.

Bitcoin took some of us by surprise, during when the Covid-19 was gaining momentum, BTC slumped to about $3500 in march 2020 and did the unexpected and went straight up with over 18x, you have got to respect bitcoin, next bull run may run to $100k, when is what I can't say. It's wise to keep what we have and not listen to FUDers.

You meant 2018? Bitcoin didn't drop below 10K this year.

It's been a year and the price is still at $19k.
But don't worry because bitcoin has not lost its power to increase again and we still have a chance to see it start to increase.
And before the price increases, you can buy more from now on because if you buy it later when the price starts to go up, it may be too late because the increase will probably move very quickly.
It's just a matter of time before the higher bitcoin price comes and it's better not to think about it but to be prepared for now.

Don't be doubtful my friend, if you look at past performance of btc since inception, it is more than possible it will surpass this recent ath. Btc has just been listed in the Guinness world record (something majority of people never thought could happen) That singular act alone has put btc on another level, government and none government institutions are definitely picking more interest.
Who ever thought google will one day announce to provide btc service to customers? and so the news keep coming of btc acceptance from different economic sector.
It may not be immediate but am sure btc will break another ath record that will left many doubting Thomas speechless.  ;)

The last ATH was $64k and the current last price was $19k. There seems to be a -$45k reduction. Of course, the reduction is extraordinary, and the bitcoin crash for 1 year has made many people start to clean up and start buying bitcoin for the long term.

The bitcoin price of $19k is a low price, there's no harm in buying at the current price, but another crash is possible. Be prepared with spare money that you still have, of course, it will be very helpful to buy even cheaper. Buy and hold for the long term, Bitcoin won't disappoint, ATH $64k might be a very low price in the future. Do your research, manage money well, and find out your best strategy.

If i see other altcoins price pumped 10x+ and the users did not sell then I call that greedy, because we all know altcoins can't be trusted, anything can happen at any moment, but when it comes to bitcoin, Holding your bitcoin after 10x+ is not greed, that's smartness, we all see that bitcoin price is down currently, but am not even disturbed about it, I keep on accumulating more bitcoin whenever am having extral cash, I don't even care about the price, am not having plans to sell bitcoin soon even if It pump by 10X am ready to hold for year's. We all know what bitcoin price was 10 years ago, those that sold after doing 10x will definitely be regretting now, if they are still holding till now, do you know many times bitcoin will have multiple their money for them? So don't think after bitcoin have don 10x if you didn't sell that's greed, it's not greed but smartness.

Yup, greediness will make you miss the hit and that's why just learn from it and sell when you're in profit.

This is actually a good website you've made. Right now at this date, bitcoin was at $66k.

I guess you've priced it wrongly because bitcoin didn't plummet to $3k after reaching highs of $40k but I do get the idea of it. Didn't sold mostly at the top because of the holding attitude and then saw the bottom.

It's because we've thought that bitcoin will reach $100k and that's the goal of majority then. But that's okay, at least we've seen a glance of nearly $70k and the next time the market goes on a bull run, it is an exciting thing to see if it will surpass that price or if there will be another parabolic move that we shall see.

After the halving, we guess? Yeah, that's what likely it is going to happen. That will make everyone crazy again and very positive on the market and will buy at highs instead of buying at lows.  :P

And at these times, DCA is the best strategy that one can do and that's through every price that we can considered as low. $19k is low, we've seen a bit of $18,900 a while ago and then $17k months ago.

Damn the year went by fast, I haven't thought about the high bitcoin price last year for a while. Crazy how the world changed completely in so little time. Honestly, who would have thought 2022 is going to look like that. It would be nice for bitcoins to rise to it's old ATH again, but that is not realistic at the moment. The global economic situation have completely changed, more and more sanctions are being issued, the inflation is destroying wealth rapidly and the prognose for next year is not really better. Right now investors are very cautious and afraid to buy risky assets like crypto currencies or stocks. The world needs to normalise again until we see higher bitcoin prices. It's still nice to dream and remember how good we had it in 2021.

I think this post and the post of coin gecko would somewhat serve as a sign or a perspective on what Bitcoin can do in the long run and how its importance in the world, not just as a speculative asset. But it's important not to forget people who have also purchased at the top and lost money right now. But if they are to wait and believe that it could go back, it is going to work.

That is, if people can see the potential that bitcoin can give them. But unfortunately, people don't think so and only want short or medium term profit and only make bitcoin a speculative asset. I think some still hold their bitcoins even though they bought above and lost, but they realize that buying at the bottom can reduce their average buyer price so that their purchase price can go down if they still decide to buy at the bottom price.

They haven't really lost money if they have not sold, just unrealize lost but whoever is investing in Bitcoin must know that Bitcoin investment is for the long term and should be able to wait out the market turbulence of the bears season and also understand that there have been no bear market thus far that Bitcoin has not come back from and I believe this time is not going to be any different. 

I didn't bought from the top. I've just regretted letting go of BTC too early when it was around $12k when it suddenly pumped to $30k by the end of 2020. I was even hesitant to buy because I am hoping for it to go down again to at least $15k, but instead it shoot up to $60k+.

With my extra money every month, I just put a percentage of it to DCA with Bitcoin and also adding Ethereum as well. I just don't know when will it be going up again but I always believe that the best time to build and accumulate wealth is when things are going quiet like the bear market we have nowadays.

Yeah, time flies so fast that we haven't noticed it's already a year when we've been in the ATH. We all just have to wait again for it to comeback to the last ATH. It's going to be another matter of time until we see it again, the world economy situation is somewhat unstable and so does bitcoin.

Those that have experienced many bull runs and bear markets would have the idea already on what can happen in a short period of time. Like those that have bought at the top of 2017 that was followed by a bear on 2018, if they've waited for about three years, they're in recovery. And might be the same for the case that have bought last year at ATH, they could do the same thing for three years and accumulate more.

You're not alone with that, when we have to sell even not at the top of its surge. That's okay, as long as you're able to put that money in good cause, you can still consider it as a good sold time. And with your strategy of DCA at this time, just be consistent with that and you'll see how profitable it is but it has to take time.

Time flies so fast that you don't realize that bitcoin ever touched the price of $64000 and that's a fact that will probably be hard to forget. I really enjoyed the moment a lot of things from each trade paid great profits, despite some annoying FUD in May of last year, but that's okay it's all one of the journeys in the bitcoin ATH cycle.

Last year's ATH was at $67k in November, I remember it and now we're at $19k, which is a normal drop since we're in bear season, past bearish cycles may have been worse than the present. No one can be sure if bitcoin can crash further but $19k is a pretty good price to buy in. As long as we are patient with bitcoin, bitcoin will never let us down, I believe this is the last time we can see $19k of bitcoin. Just one more bull cycle and we will have to buy bitcoin at much higher levels than we are now.

I do agree that we do not know the time when it will repeat itself, but I know that it will definitely happen eventually. This is why I think investing right now is such an easy decision, it should be reaching to a level where it could be a lot higher, and that would be seriously good for our wealth, and we do not have to do anything about it, the result is already there, you just buy right now, and wait for it to go up just like everyone expects it to go up and you will profit from it.

I believe that this is the best decision of my life, I am going to profit from it very easily and it will not take too long neither, just a few years and I will have a great return.

Hype and greed have done their job before, it will also happen in the future, any ATH is someone's profit and someone's pain, perhaps a hundred years from now, the price for bitcoin of $80,000 will look like a rollback on the next bearish cycle, unless of course something extraordinary happens.

I think I'll put this on my mind starting from now.
TBH, I'm only having an unrealized loss right now just because I didn't sell my Bitcoins, but I'm holding it for long term. Because of this advice, I will sell a portion of my Bitcoin portfolio to buy something that I need. I mean it isn't just because of this advice that I will sell my Bitcoins, but I already planned of selling it when the bull run starts again.

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I was a year ago, but I didn't feel that it really is.

This just shows that Bitcoin is very volatile. It can make your money x10 in just a matter of 3-4 years but at the same time, it can make your capital go down 10 times. Bitcoin is volatile but that volatility makes millionaires. This also shows that if you already bought at the top by mistake, it would be better to not panic and just hold it until the new bull run starts again.

Yes you are right, the price we now see as the previous bitcoin ATH will probably be the lowest price for the future. Yes, that's something we might see in the future. Many people have complained that the price of bitcoin 100k is considered a bear market. Everything that looks hard to happen will all be different if we have stepped on that price. It just takes time for us to see it actually happen.

I remember the time where BTC reached this price peak and I refused to convert it to cash thinking that the trend would to increase. A few months after such peak, its price dropped and slowly it failed to recover from this price point.

I definitely agree with your statement- if the price increases tenfold or at least the initial price, then it is a good time to sell at least 50% of your total coins. You will definitely never know when its price would increase/decrease as it is also dependent on current events.

Good to see that a year has passed since Bitcoin reached the $60K level zone. I can still remember that in those days, many people and crypto supporters thought that it would most likely be $100K as BTC's next stop. Unfortunately, things did not work out as we know that the price slide down slowly to where we are right now. Well, we have nothing to regret all because we know that Bitcoin is very unpredictable...and soon we don't know just yet BTC can be back to where it was before...right at its ATH.

All I can say is that at the time it was 64k$ per bitcoin and those who sold it for around 60k$-64$k were real winners and they made a lot of money. Now, to those who were not able to sell at that time although they had bitcoins then and until now they still hold them in the belief that they will increase or exceed 64k$ each maybe or probably these holders feel great regret for themselves why they didn't sell. But even so, they have nothing to regret because the important thing is that they still hold their bitcoin holdings, the value is just low at the moment.

And then for sure after 2 years from now, they will see the result of their handling of their bitcoins in this coming period.

Nice observation but certainly not a good memory to behold, especially if the person is one of the holders of BTC till now. There is hope, better days are still ahead as BTC is concerned. By calculation, in just 365 days, a very huge loss of almost divided by 3.5 has happened, which might have caused a serious panic if it were to be the stock of a company. But here we are, BTC is still moving and has a better hope of rising back, we should get ready for it.

Inflation and economic issues around the world added to the losses, but from 2023, better economic recovery would help it, while halving will push it even higher in 2024 and beyond.

This is sad to see that one time we were in the $60k price range and now it's over full year we are struggling to rise and now stand at $19k so much down from ATH but it's time factor as you see few years back in 2017 ATH was around $20k at which we are sad now.But I am sure after few years we will realise how this phase also passed for holders.There is panic and sell off situation in market for those who see it as sign to sell but it's opportunity to buy and long term holding so grab it if you can.

Bruh now isn't the right time to buy altcoins, do not be deceived by their cheap prices in the bear market, so many of them will not recover from the bear market, and they may never rise higher than the 'cheap price' they are trading at now, by the time the cypto winter is over so many altcoins wouldn't even be tradable anymore. As you are looking for coins that will be profitable for you in the next few years, then altcoins are not for you, but bitcoin, start buying BTC now using DCA, so you would not miss the bull train when it starts to move fast.

That's correct, and when that comes, those that have never taken the advantage of taking their profits on the last run will learn their lesson. And when there's some shoot up to the price, many will start doing their thing and I do agree that the next ATH could be the bare minimum of the future's price.

It's so quick that it's been a year already and we're now missing to stay at the ATH but we'll be back there soon. And about bitcoin's nature of volatility, this is what I like it the most when we're unsure what's going to be ATH of it but we're assure that we're at the right placing of it when it happens.

I can say that there are also unrecognized winners and those are the folks that have bought when it's on all time low of $3k and then managed to keep it up to the ATH and sold it. While some of them might have bought at the $3k range and then haven't sold but they're still up in profits til' this date.

Yeah, but we can look at it as the brighter side because despite of these things and issues, bitcoin remained steadfast and firm and became one of the best performing assets and will retain that place as everything recovers.

Now that I have a few dollars worth of Bitcoin, I want Bitcoin to do that magic again.

Bitcoin may be struggling to get past $20k these days, but we cannot deny the fact that Fiat currencies have fared worse with ever-rising inflation rates. To say the least, Bitcoin has performed pretty well during these hard economic times. It has retained a price range of $18k - $20k, despite further pressure on the global economy. Considering that Bitcoin is still going strong, we can say it's the best-performing asset on Earth.

You can bet BTC will soar well above just $64k per coin once everything goes back to normal. This is nothing more than the perfect time to accumulate as much BTC as you can while it's still "cheap". Who knows if you'll become the next Bitcoin millionaire someday? Just my opinion :)

Now is the time to buy bitcoin, not altcoins, that will be the only coin that will be able to recover from this bear market. Altcoins are too risky to buy during bear season even though their prices are cheap but there is no guarantee that your alts will recover like bitcoin. Remember that the old altcoins of 2017 they cannot revert to ATH and are replaced by new altcoins.

History may repeat itself, bitcoin recovers altcoins will be displaced, focus on bitcoin if you want to feel happy again when the bull season returns, when bitcoin will hit $100k.

That was not the only thing that happened. I think most of us were expecting the price to go much higher. At least 100,000 USD, and that was one of the most bearish predictions out there. There were also a lot of people and institutions using leverage, which were subsequently cascaded out, houses like Celsius and others had the problems that we all know.

Now we just have to look at the next halving and what will happen next. I think the price will go up before the next halving but we will have a lot of monotony.

I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.

We will cross that threshold too, one day. BTC is now chilling at 20k+ price point. It is still not bullish yet as far as i can see. but be assured that we will cross the 100k+ mark in no time. Maybe not today or tomorrow, hopefully soon that will happen for sure. It's just a matter of time.
Bear market is an opportunity. Fill your bags and just forget about it.

That's also if people can see the current opportunity to buy more and fill their bags. Otherwise, they will wait and do nothing but watch the price move up and down. Those who see it as a great opportunity to buy more in this bear market will surely get a bigger profit than others. And with the bitcoin price returning to $20k now, it can give hope that any bitcoin high will be broken and eventually, we will see another bull run. And while that hasn't happened yet, we should be able to seize the moment to buy more.

I can still clearly remember when the price of bitcoin was at that level; I had no idea that it had already been a year. Back then, it was the topic of conversation in the media, and anyone who had bitcoin was regarded as the wealthiest person in town. Those, among other factors, sparked my interest in learning more about bitcoin, although it took me some time before I joined this forum for that purpose.


For those who held it back then and for those wishing to enter it now, these could serve as a lesson. People who held bitcoin back then and hoped to sell it for $100,000 but were unable to do so or who later sold it for less money will be saddened. This can be attributed to pure greed. And those who profited by selling at a greater price, regardless of how little, relished such times. By identifying the traits of a successful trader or investor, one may distinguish between these two types of people.

So are you regretting that you aren’t unable to sell the coins at that time? I mean who knows what gonna happen in future. You can only say anything based on luck. I myself had bought Bitcoins at 50k usd and right now holding it. Does that make me impatient? Nevertheless coming back to OP, it’s really great to see that BTC has impacted a lot in many people’s life. Definitely I can proudly say that after 3-4 years when BTC will be at 100k usd or more, people will recall this time and will frown that wish they had bought Bitcoins in the bear market when BTC was around 20k usd. Let’s not expect more and wait to see what happens next.

Nice with congecko remember us about one year left with Bitcoin touch all time high price and right now drop drastically almost 60%, still believing for Bitcoin can reach higher price one day later and actually I think Bitcoin can reach more than $64,000 most higher from ATH did last one years ago. Every one hope Bitcoin can back again to higher price and need to see one day another new ATH happen with Bitcoin, have bad position right now with altcoin holder or investor after Bitcoin crash and dump under $20,000 many bad news happen with Altcoin. I don't think soon Bitcoin can reach higher price again but still have hope to see with new all time high one or two years later.

That's the thing about bitcoin, we do face some troubles here and there, but then we go up a lot afterwards. Yes, we have faced a trouble with crypto in the last few months but that doesn't mean that we should be just be fine with it, and that’s the good thing.

I believe that we should be seeing over 64k in a matter of few years at most, and not that many things could give you 3x return in that span of time, so it’s still good, and we will go higher. That 100k is the one I am waiting for, that’s the most important one, and I believe that we will go up a lot more in the long run, it’s going to be a huge increase in the end when the time comes for sure.

Currently the bitcoin price is starting to strengthen above $20,000 and this proves that BTC is still strong enough to survive and continue its journey. When bitcoin hit ATH to $64,000 I expected the market to drop soon, but this year's decline was a pretty strong drop and crashed to hit the $17,000 support. It will take some time to hit the new ATH again, but Bitcoin will definitely hit it, now is a good time to buy and hold it for the long term.

Huge drop indeed, but Bitcoin remains at the level where it left off from its past ATH for 1 year. That alone indicates that Bitcoin is in no doubt gonna bounce back stronger. It will definitely hit a new ATH, it might hit the 6 digit figure as well.
Bitcoin is most likely going to have another run late in 2023 or somewhere mid 2024 or after the Bitcoin halving. The 4 year cycle will break the bear.

We are all indeed having those kind of hopes considering that we've seen on what happened on the past which it would really be that we are that optimistic when it comes to this.
The thing we do have in mind is that if we do able to sell into that peak then we indeed make a profit and buy later on when the price hits low ones.It cant be avoided and even myself
do always have these kind of thoughts that if we should have known that the market will correct this low then i might already had sold up my holdings into those particular price point.
Lets just wait but we dont know on how long it would taken up for us to recover or seeing these new ATH.

Bear market is discount but people are even more afraid of bear markets than the bull market as it’s easy to make quick profits without stress.
There is a logic that people missed out in bear market, investors becomes less interested in the market and that’s always the best time to scoop your sats in your bag and by the time bull market comes, you don’t have to worry what is even driven the market, all you have to do is relax and watch your portfolio becomes multiple in usd and sell if you feel the market has top but it’s sad that people prefer to be genius(dullard) in bull market where everyone literally becomes a market expert.

It seems surprising for the newcomers but for those who have already been familiar with the market, this is a common scenario to see, dumps will undoubtedly come after the bull season. Yea, it was terrific to remember the past days, I didn't even figure out that it was already 1 year since we reached the ATH. For sure a lot of people had missed that situation and made it this year to take in preparation for the upcoming Bull season. I just hope everyone has done filling their bag/s ready for it because we are expecting Bitcoin will reach more than $64k as its new ATH.

Well, that won't be enough but at least you'll get some margin from that when bull run comes again.

Yeah, that was like the time that we're all expecting that price would certainly hit $100k back then. We're all invested on our emotion by that time because it's really achievable during that time and then, we all know what has happened because it's not met. The same bull run and it can be as huge as it was or bigger when the next halving comes.

Very much usual to see it drop because that's how the cycle of bitcoin's work. We may see it go at the top again but after that another drop will surely come. I wasn't surprised when it has come but it's disappointing because I thought that it will be longer but no. Whether there will be another rise for a year or two, we can have that positivity remain after the next halving.

We're all looking forward on that day that bitcoin will surpass that ATH and will go into an entry of another ATH and much higher than the pass. And it's like that the last ATH will be likely as the support just like these times. We've been $20k as the ATH of 2017 and today, it's just the support.

If the price is lesser but it's still in profit because you've bought it lower. That's still a plus and profit but the profit was lesser than the ATH. I think, you can have the typical mindset of making from there and you have to think positively that you need to accept and be satisfied with the sale you've made. Because not everyone sells in profit, and many are selling at losses when their expectation wasn't met.

Depends on how soon is what you believe. But we're all agreeing that someday bitcoin will eventually hit $100k and that could be the most surprising moment and as many have learned the lesson, many will start selling at that point.

In the original plan we were indeed going to sell at the highest price and buy again at the low price, but the high price which we thought was already very high had not yet reached its peak and when buying at the price we thought was very low, it still had not reached its bottom.
This prediction will not work 100% also depends on how the market is and the state of market sentiment from outside the market.
Don't just wait for it to recover, waiting by buying some Bitcoins or potential altcoins will be great, when the new ATH is reached we will all party. But remember one thing, the market will not go according to our predictions 100%, we must have a plan B and have spare money for buybacks.

We all know Bitcoin wasn't going to go up forever. What goes up, has to come down sooner or later. While I'm confident prices will rise back up again, it's going to take some time before we're able to see any positive results. Maybe 2024 will lead BTC towards $64k and above? That is if the Russia-Ukraine crisis is over by the time Bitcoin's block reward is cut in half. If the pandemic and the war persist, don't expect Bitcoin to reach a new All-time-high in price anytime soon.

At least, the Blockchain is alive and healthy as ever. Surprisingly, BTC's network hashrate has increased over the past months. This shows us there's still interest in helping support the Blockchain despite rising energy costs worldwide. Market prices have been steady between the $18k - $20k range these days, so I'd suggest anyone to buy more BTC before it's too late. Just my thoughts ;D

Similar was the price in the earlier years. Once after reaching peak value, there is some kind of cooling period. This is the time period availed to buy as much possible. Everyone who have experienced previous bullish move reaching the peak and dropping down to the range of $3k will be much confident of the market bounce. For now we've been experiencing the downturn, and hope the same will create momentum for the upward move at the earliest.

Newbies have the mistaken idea that the markets can go parabolic forever as they do not understand the concept of cycles, and how bitcoin can do well during a period of time and then it can crash after it has reached a new all time high.

However for those of us which know what it is going on this is a good time as we can get bitcoin for a good price and by just holding it for a few more years we can achieve profits which are almost impossible to get with other assets, however newbies do not see things in the same way, and instead they are afraid of investing when the price is low as they also believe the markets can crash forever.

It is true that time flies, we are still battling a volatile market caused by war and inflation without even knowing that a year has passed. But I don't think bitcoin drop is unexpected, like 2018 cycle when bitcoin hit $20k ATH people believe it will hit $25k, similarly, when bitcoin hits $69k, everyone wants it to hit $100k. It's our greed and that's why many losers when believe bitcoin will hit $100k. Bitcoin does not follow our thoughts, it is we who have to run after it, so never set your goals too high and then be disappointed.

sometimes it is true that high desires will not always be accompanied by certainty that can soon be realized, all may hope but the reality may not be in accordance with what is expected. indeed last year when bitcoin was moving to continue to increase, many predicted that the price would be able to reach $100K by the end of the year, but the fact was not fulfilled it could only reach $68K+ which is the latest ATH.
agree that what everyone's mind wants may not be in line with what bitcoin will do, even though the character of bitcoin is to keep repeating.
but in a situation like this which is in a prolonged crisis, I also agree that bitcoin will not be able to move towards improvement in the near future and it is not impossible until next year, the possibility of a repeat will occur after the 2024 halving.

Beginners who come will surely believe that in 1 year Bitcoin will rise again because they do not know the previous market situation and only remember from the sweet words of others that Bitcoin is easy to rise, that's bullshit we are still in the same situation seeing the price of Bitcoin from ATH continue to fall to $20k and of course we expect another increase but because we are familiar with the market it certainly doesn't take 1 year to soar even a few years have to pass how we survive in a stuck Bitcoin situation so now we understand from this 4 year cycle it can also be possible maybe not but history records it always repeats itself, so when it's down or bearish it's time to buy and hold Bitcoin in our bags so far it becomes easier to buy lower.

Optimism is important, after all what we don't believe today about bitcoin might happen in the future. I realize that bitcoin is a highly volatile asset, so anything is possible when there is a lot of fresh money coming into the market. You and I may not know what will happen at the end of the year especially regarding the bitcoin price, but anything is possible.

Anything is indeed possible but we shouldn't really make ourselves that too hopeful for things that might take up for too long or wouldnt really happen at all.Its true that we didnt really expect that bitcoin would

reach up $64k into its ATH which it is really indeed a mistake for those people who had been holding on not to sell into that price point but since we dont know on how things do really end up then we are

really still hoping that it could reach up on 6 digits which i couldn't really blame people for that.This is why we should really be wise on making a sell whenever we do have hunches that this
might be the peak for us on at least having that kind of advantage and doesnt really need to wait up for that long.

Feels like a very long time ago the price was in the $60,000’s. It’s going to take 2 years or so but we will hit a new ath & go far higher than the current ath.

Only the strongest hands can handle the volatility of bitcoin & the long, bleak bear markets we have to endure.

Stay patient & stack sats.

Well we won't be able to forget that easily, and in less than 2 weeks from now we will be celebrating last year's ATH. The next ATH is not yet known, but of course we are on our way to that ATH in the next 2 or 3 years. It probably won't take too long, but don't expect it to fail.

You're right about this, strong hands for big profits. So really we really have to ignore a lot of negative issues out there about this investment that are always associated with the current state of the world economy. If this is the future, then we should take advantage of it from now on. Collect more, invest more, hold more.  ;)

I really hope so. Bitcoin's been often proclaimed as the new "safe-haven" asset in times of crisis, but what I've seen is all of the contrary. I know BTC is for the long-term, but most people are really looking into short-term results. Something that could protect them at a time when there's global uncertainty just like Gold. The latter hasn't experienced a large decline in price, unlike Bitcoin. I guess people still trust Gold more than they would trust Bitcoin. I don't blame them since Bitcoin is still relatively new to the world. Gold has been around for centuries, while Bitcoin is only 13 years old.

I think BTC needs more time to mature for it to become a reliable store of value. Maybe 2024 will take us all by surprise with BTC crossing its latest ATH of over $60k per coin? Just my opinion :)

Here's a look at the one-year chart. Buying Bitcoin now can the price rise tenfold by this time next year? When the unit of the chart is year, it can indeed be seen simply and clearly that there has been a substantial rise or fall. But the daily changes are small, and we may not be able to make the right choice. So making the right choice at the right time is extremely important.

Bitcoin really became a safe haven especially in these times when there were too many uncertainty that comes in the market. Projects collapsing, exchanges filing bankruptcy. While for bitcoin, we'll unlikely going to see it come. So while those investments are into different projects that have been trusted by investors, they don't want to get on bitcoin because of mere reasons that they're justifying as an expensive asset. Well, they don't want it so they experience a more expensive lesson. Those that are in the short term will realize how easy it is to just go long term with bitcoin and be patient because it's all worth of the risk they're taking. And for the gold investors, it's okay, respect to the older ones but they'll soon realize that they have to hold bitcoin too.

2024 and so on is likely going to come again by storm. And many will be encouraged again and will this market but will dislike it once the bear market occurs again, the typical cycle we get.

If we look at the daily changes, they're really unrecognizable because they're small. But you see how far it can go with all of those changes that we see for bitcoin's price. And with a span of a year, too many things can really happen and done.

When you noticed, you will see that the people who are curious of thinking that since the Bitcoin price is coming down probably they have lose in Bitcoin, but that's not right, because the future of Bitcoin always relates that they do go up and down, so i believe that Bitcoin from the day of it's introduction it has not a fixed price via cryptocurrency, i know that, as well that Bitcoin price always go up and down, and no day or season the price have become stagnant from my understanding, so those panicking for the poor price of Bitcoin currently should be newbies in Bitcoin investment.

This is the best time someone can buy Bitcoin because buying bitcoin now and hold for long periods whenever it's a prize increase you will realise the prophet because in 2009 when bitcoin was Martin those people who buy bitcoin and the hold are now a billionaire because of the increment of bitcoins

People should look forward if ever the bought Bitcoin at the higher price.  Bitcoin is cyclical, it only means that after this dip, Bitcoin will recover and eventually surge again.  If they look at the chart price history of Bitcoin, Bitcoin always surges after halving.  They just need to hodl and ignore the paper loss.  Unless they sell, they never lose anything.  The problem for most of holders is they lack patience and faith in Bitcoin.

You should always put up into your mind that even if you had bought on cheaper price doesnt mean that you should panic sell to cut losses which is really a very wrong mindset to have.
As long you dont sell then you dont lose nothing and its better to accumulate more since the price is really that cheap nowadays which its is ideal if you do really consider out
on buying as of this moment because this market cant really be like this forever which means that there would really be a time where everything would really be having recovery or even have that bull run.
Good into those days where price do hits up 64k but we cant really be having a market to have continous price increase which it would be normal that there would be a correction
and it would really be just a normal market cycle.

It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.

How time indeed flies, right here and now, it's still feel like it was yesterday that bitcoin reached this all time high.
And it is unfortunate for those who bought at this top, most especially for those who wanted some quick profit and never intended to hold for long, they had (and for those that haven't sold) still have the option to either sell at a loss or keep holding waiting for the next break which will put bitcoin back to this price and above.

Halving is coming for sure, but my question is, has halving become the major and only  catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...

While it is true that the bitcoin in your wallet remains the same regardless of its value in fiat, when the price goes down by so much it is difficult for most people to accept this because as we know more than anything they are looking to obtain benefits in fiat terms, so I think a better way to motivate those people to keep holding their coins is to show them the charts of bitcoin and demonstrate to them that bitcoin will eventually recover and go even higher than its previous ATH if given enough time.

No need to demonstrate and it would be much better if they are the ones who do make out those realizations on the first place because if you do really make out some in depth research then you could really find
out these information which you are the ones who would really be realizing if its really that worth or not.
Its true that it cant really be avoided for you not to panic whenever you do see your bitcoin value in terms of fiat is dropping then it could really make you that impulsive and everyone do surely be able to
experience it because this is how market behaves.
This is where peoples experience and awareness do really works on which you would really be acting out basing into your own personal experience which you are aware
on what you should gonna do on such situation.

Yes, the equivalence of bitcoin remains to be there. And when someone is feeling down with the market, they can just go back to a thread like this or any other thread that's showing how huge the market has went already. If it's not for the cycle and pattern that has been shown, many won't be optimistic as we are because we know that the same thing will just happen and repeat.

Sadly, those that have bought at the top has to keep until it goes back there but those that have no chill and lost their patience, they've probably sold at loss already. About your question with halving, well, it's a sure boost to bitcoin's price because on how it cuts the reward for the miners, we're just going to look at the part of its lesser supply but higher demand. It's really the main factor of why the price of bitcoin goes up, it's been recorded if we start looking at those numbers in the past up to this time.

And until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on.

I blame myself for being hesistant in buying BTC with my extra “not beer money”.

Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all.

What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not.

Bitcoin actually reached $69,000 last year. I remember it miraculously reached that price when it was claimed that our chance of getting paid for doing some work depends on price reaching $69,000—70,000. The price eventually got to the level soon and people were happy even though the price increase was attributed to someone else instead of the ONE who made it possible.

Ease your mind. The market has still a tendency to be at that point again we all need to be patient. Avoid yourself from selling not unless necessary or you are needing money but as much as possible don't. You might be aware of this alreadym Losses from a market price downfall are just temporary and will only be permanent if you would sell it at a lower point. And we just don't want that to happen as investors. For sure having huge losses is tough. If you really trust this technology, buying at this point, to add up your asset would be better, as long as you can endure a couple of months more of being in red marks.
History repeats as well in this industry but don't expect for same thing to occur exactly as it was 'coz there is no consistency with market behavior. The only pattern we can see as investors are up and down trends. So be cautious still.

I feel you brother! But don't you worry, everything's going to be fine again soon. And as you DCA, keep doing it and don't lose hope because you're doing the right thing at this time. You may have lost that opportunity from the last bull run, there's still going to be the next bull that we'll see a few years from now. There's no guarantee but we all know how cycle works and we've seen it happen before and there's a bigger chance and possibility that it will.

Yes, the ATH was $69k and the $64k was just a way of it. But those tasks that were paid in dollars, they're converted into bitcoin and they got lesser because of the high price during that time.
Is that someone else you're talking about is Elon Musk? Or there's someone that has been attributed with that price increase and ATH?

Yes!!
To add more details to it -
As per CoinPedia Price prediction Novemeber 2021 -
September 7th 2021 was a historic day for Bitcoin, as it became a legal tender in El-Salvador, which pushed the price to $53k. The price of Bitcoin took a move to a New ATH of $69,045 on the 11th of November.

and look at today's bearish market. Bitcoin attempted to begin with a recovery phase last week, but this black friday BTC crypto price has dropped by around 2% diving the prices lower close to $16,400 at the moment which may be extended below $16,000 very soon.

Bitcoin has always bounced back in price, even when it has gone through the worst. I'm pretty confident the same will happen again after the next block reward halving. Those who didn't buy BTC when it was trading below $20k, will regret themselves when BTC gets past $100k per coin. After the pioneer cryptocurrency reaches a new All-time-high in price, it's very unlikely it'll be worth less than $20k again. That's why it's important to take advantage of every dip in price to help secure your financial future.

Who knows if buying BTC now will make you extremely wealthy in the long term? As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts ;D

The fact is that no one is able to predict the future with any certainty, but I also believe that bitcoin will recover and be able to reach its ATH within the next halving. I also believe 20k or under 20k maybe this is the last we will see it, like 3k happened during bear season in 2018, a lot of people regretted not buying bitcoin at that time and now history is repeating itself. We cannot say that holding bitcoins will make us rich but we will certainly have a better life if we invest in bitcoin.

Everytime I think of the previous price of Bitcoin, years ago (lowest and ATH), I realized that I made a mistake for not buying before the price drastically increased. It's because of the doubt and fear of losing my money. But as time goes by and witnessing the ups and down, what i'm certain is, whatever price Bitcoin might have right now, it's not permanent.

I'm optimistic Bitcoin will reach (or might surpass) the ATH last year again in the future though it's uncertain when exactly. It could be after halving, only time can tell.

History will repeat itself for sure, but we don't know when. I am sure it will happen in a few years. Bitcoin will again break its multiple ATHs in the near future since this is always happening in bitcoin and it is confirmed when we see the chart, it is almost identical. That is why most experienced traders and long-time holders keep saying that now is the best time to buy and hold bitcoin. Let's see what will happen after the halving of the price that bitcoin could reach at that time.

The halving is the only hope we have to see BTC reach a new ATH in price. But that would be subject to global economic conditions. If the global economy worsens by 2024, don't expect Bitcoin to go higher in price anytime soon. We're going to have to wait and see for how long central banks will keep raising interest rates. I'm pretty sure they won't be increasing rates forever since that would cause severe pain to the economy. Once they stop increasing rates (especially The FED), then it's likely the crypto market will turn bullish.

I'd suggest anyone to buy more Bitcoin when the market is in a downslide, to accumulate as much profits as possible when everything goes back up again. This is a once-in-a-lifetime opportunity to become filthy rich. As long as you don't put all of your life savings into Bitcoin, you'll have nothing to worry about. Just my opinion :)

The cycle always repeats after halving, it will enter a bullish period and BTC will reach the latest ATH after which the market will again enter a bearish period, it's just that last year there were so many predictions that the price could reach $100,000 but it was not achieved so there were those who had not sold it at the highest price last year, I believe that after the 2024 halving Bitcoin will again reach the new ATH, how much is that? don't know. However, those who are patient by continuing to hold it for up to 10 years have seen their BTC increase by hundreds or thousands of percent. always look at history.

Although the price of Bitcoin was high a year ago, more and more people have entered the cryptocurrency market this year. Many countries also allow bitcoin payments. Everyone shouted that Bitcoin could reach 100,000, but now it seems that it is not impossible. After the price of Bitcoin rises this time, it has the potential to reach 100,000. Because there are more people using Bitcoin now than last year. Persevere and you will see hope.

The cycle cannot always repeat. Otherwise in 100 years 1 BTC would be more than the GDP of all countries combined  :)

Not an exact science I'm stating here but there is always a ceiling...

Yeah, that's nice and all, but imagine looking at this tweet after 5 years. ;)

The sky is the limit to how far Bitcoin will go in price. If it continues to rise in popularity, then the pioneer cryptocurrency would be set to destroy Fiat for good. We're going to have to see how everything will play out as crypto/Blockchain tech matures itself in the mainstream world. I believe Bitcoin will go higher than just $64k per coin, especially when it hasn't reached the world yet. There are a lot of people worldwide who haven't even used Bitcoin before. If we include these people, the price (and market cap) of a Bitcoin would be a lot higher than what it is right now. I'm pretty sure it will be in the "millions" within a couple of years from now.

I'd say the current bear market is the perfect opportunity for you to buy as much Bitcoins as you can for a huge discount. Who knows if buying now will lead you towards untold riches in the future? Just my thoughts ;D

Bitcoin have made so many people to be balance financially and has also made some loss half of their property if not all their property. Bitcoin is very important in our modern generation, it's very rare to see people not investing their assets in bitcoin, because it's the future and so many hopes depends on it. Bitcoin was $64k a year ago, if invested wisely, some investors would have been smiling by now after pulling their profits off it and some who weren't smart enough would be in big regrets.

It will actually look very painful for people that buy Bitcoin at a higher price of maybe $50-60k then thinking it will reach $100, if they are still holding it will look somehow as their wallets will be red due to the price of Bitcoin now. But one good thing is that, in two years coming, the story will actually look different because we hope that Bitcoin price will be above $100k then.

Most people want more at high prices and less at low prices.
Few people can sell at the highest price and buy at the lowest.

A year has passed since bitcoin reached its all-time high. I could still picture the joyous party that followed bitcoin's spectacular rise to $100k last year. Everyone was making predictions about how much money their bitcoin investment would yield.

Comparing the price of bitcoin today to the price from a year ago shows that no one can accurately anticipate what the price of bitcoin will be in the future (skyrocket or decrease in price).

However, as we start to move away from the current bearish market and into a closer bull run by 2024, we are unsure of what the coming year will bring for us in the cryptocurrency market. Crossing my fingers until then

I feel bad for those who buy in the All-Time High expecting a $100k, I mean, that $100k should happen at any point but it could take some years.

And this time bitcoin is closing the year as a terrible investment, $17k is just too low for what people expected, But the good news is that next year it will have a happy end because it can't crash more and there is only one way to move, and that's the up way. So, let's see how 2023 rolls for Bitcoin.

The last ATH that Bitcoin has made was priced at $68,789 on November 10, 2021 and is by far the highest price that has occurred. You are right that right now it is indeed a bear market situation and this will continue to happen until next year because it is estimated by many economic observers that the world is entering a crisis.
of course a situation like this is indeed very profitable if you have the funds to continue buying and investing in bitcoin, but you must remember that the investment time will be long, so the funds will be absorbed there for a long time.

And I just remember a lot of newbies jumping into it, and also, the NFT world has risen. I've seen a lot of posts on social media, this time speaking about bitcoin everywhere. It's because of its price, and also, some of my relatives reach out to me asking how they can earn it (easy to ask the question, but the answer is complicated), to which I respond with what the most known to earn or get bitcoin is. Then the small dump came, and I saw many newbies ranting about it and videos talking about its price, like financial advice. I was just shocked that when the price of bitcoin hits its ATH, a lot of people then get interested in it, unlike before.

The difference this time is that, more newbies have made their research before committing their investment on bitcoin. They want to be sure of it so they did the DYOR thing and that has helped them to buy at the right time which is this time. I'm one that have believed of $100k on the last bull run but I'm not disappointed because I saw how high it reached and I'm willing to wait for the next time to see some peek of it.

100 years is too long wait and most of us are no longer here. But it's true that cycles aren't identical as they are but most likely, they're close to what it's been in the past.

So true, we'll see. 2 halvings will pass by that time and I'm excited thinking on how high it can be by that time.

They've got the paperloss and we don't know if they've sold already at losses. But if they're firm in holding, they have to wait again until the bull run comes back. That's only if they listen to the people who have experienced about the bulls and bears before and what's the best thing to do.

The known tip we always say, buy the dip or buy when it's low.

We don't know if bull run will come again by 2024, what we're sure about is that halving will take place by that year and then will be followed by the bull run.
We're lucky if we actually see it followed on the same year but most likely, the predictions again are telling that the bull run might happen by 2025. We're all speculators on this speculative market.  :P

such question is really hard to answer as there's more than meets the eyes in this market. most of them are getting interested because they are thinking that this is their ticket to being rich. but it is not. would be better if they need to equip themselves with some information or at least educate themselves with the risks involve in this market. they should understand that it is not all profits that they will get here but should expect losses esp if you are a newcomer on this industry.

These incidents paved path for more common people to get into the market. Same didn't last for longer time period and we can't be sure of the Market to be bullish forever. The real growth is happening, and we're experiencing the bear market for now. The transition from the bear market will happen at the earliest.

Many people want to have quick returns. One year seems like a lifetime for some, but for Bitcoin that's still short term.

We live in a society now that has very short attention span, but if you learn to be consistent over long periods of time, then you will probably benefit from Bitcoin.

If you can delay gratification for, say, a decade, then you will most definitely will be able to grow a reasonable amount of money in Bitcoin.

The issue for some is that they want to trade in and out of Bitcoin with fiat in a matter of weeks and expect to keep getting more and more money from it somehow. The reality is that exchanges make their fortunes from those people.

The FTX collapse set the crypto industry back a few years, so it's going to take quite a long time before BTC goes all the way to $100k per coin. Many are panicking thinking it's the end of crypto. But let me tell you there's more to Bitcoin than meets the eye. This is a once-in-a-lifetime opportunity to grab as much coins as you can for a steep discount. Once the tide is over, Bitcoin may never go below $20k again.

Remember, wealth is built during bear markets (not the other way around). I'm pretty sure Bitcoin will make a comeback sooner than later. Who knows if BTC goes even higher than just $100k sometime in the future? Just my thoughts ;D

Why the FTX collapse only? Don't forget before it, we already have wars, other economic crises and then the main thing would be the bear market. The price fell down and it made it look like we are back at the early years of BTC but it didn't take away our progress. The people's awareness about BTC is still twice bigger than what we have on the past. Most of them will re-enter BTC again once some things have sorted out.

This is why I do not think it will take time before we recover to our last ATH and after it, we will slowly create a brand new ATH. We will soon get to that $100k most of us are assuming of but for now, all must prepare a fund for stacking more coins.

I do not think that it set it back for "few years", maybe few months at best. If we set back a few years anytime something went low, we wouldn't be here today and we would be doing much worse. The reality is that crypto was in a bear market to begin with and the world economy hasn't recovered neither and bitcoin doesn't have a reason to recover at the current moment.

Look at stocks and how they are doing and you will see that it's not doing that great and it should probably stay that way for a while longer. I know it's not going to be as simple as "stocks go up, crypto goes up" type of deal but there is a correlation for sure and when they are both down, no logic for it to be separating now.

it seems that when the price increases, many are interested and want to try to get more detailed information, but sometimes what we will explain will not be easy and acceptable to people who are new to bitcoin, there will always be misunderstandings in the explanation, what are you saying is reality.
when the price increases, everyone is interested, but when the price drops, many don't understand about bitcoin, the voice is clearly heard with disappointment, this continues to happen, but they don't want to continue learning about bitcoin, which will continue to experience things like that.

Bitcoin stood above 50000 exactly a year ago but this year Bitcoin has lost 62% of minus and currently stands at $16700. In fact, such a bloody year for Bitcoin happened once before in 2018. Bitcoin crashed 62% in 2022, marking the second biggest bloody year of all time. However, many expert investors and experts have expressed different views on the future of Bitcoin. They believe the Bitcoin market will exceed $100k in the middle of February and March 2024, centered around the Bitcoin Halving. However, there is no clear consensus on how the Bitcoin market will fare next year, i.e. 2023. However, Mark Mobius has sent a bearish comment saying that the Bitcoin market will fall below $10,000 in 2023. This is undoubtedly a scary theory for Bitcoin.

In 2022 we have experienced many difficulties like war and economic crisis but the thing that made the market worst was the crash of FTX, I agree with @Abiky's thinking. The crash of FTX has scared more investors than ever, even though the death of FTX has nothing to do with bitcoin but outsiders can't tell the difference, and they think the two are the same. This has caused a general bad reputation for the entire crypto industry. But this is also not the first time a centralized exchange has crashed, after all, I believe bitcoin will recover and will reach new ATH is quite sure.

FTX bankruptcy may not have nothing to do with Bitcoin, but it's how the people thinks. Since FTX is one of the biggest exchange in the crypto industry. Sooner or later, another exchange may fall again and a lot of people will lose their hard earned assets again. So, there will be a temporary fear for what happened with FTX, that's like a natural human reaction when something bad happened to a neighboring exchange.

There are many predictions that never came through, hopefully, BTC going as low as 10k will be one of such prediction. Although It is not an impossible thing to happen after seeing what happened these last few weeks,  This bear period can certainly be seen as one of the bloodiest but that should give investors the desire to buy at a cheap price when they look back at 2018 and how btc was able to recover and hit another ath.

Hard to believe we're 14 months from the high already.  I must admit that this drop didn't hurt as bad as prior ones in previous cycles.  Hopefully things repeat and we start moving up from here to the good times once again.  With a recession closing in, rates increasing, and overall chaos in the government, it seems like maybe it will be different this time?  I'm not betting on it, but I sure hope we don't see a massive recession that brings an end to crypto.  I have a feeling if we do see a bad recession, it will be the biggest test yet that Bitcoin has faced.

The good old days of BTC, but unfortunately we can't live in the past as bitcoin over the months has taken several steps back to where it all began. Coming to think of it, we all know this isn't unusual for bitcoin to pull such  moves...it's all cyclical and part of the big move yet to happen, let's hold on a little longer.. maybe stay away from the charts for the time being while Operation $70K is in process.

Good old days will come again. By the time we need to be good with the holdings that can give good return. Making use of the bear market is the best one can do to experience good profit out of the investment. As said whenever the market turns bearish you should focus on accumulating more or you should not watch the market. For now it takes time to reach $70k again. Based on different predictions it is 2024 to experience new ath.

The market is impossible to be bullish forever and that's why whenever we enter to a bull run, it's anticipated that you should start to take your profits and then stack it up first. So, you'll have the cash or stable coin prepared whenever the end of it has come. And when you've seen the price drops, that's when you should start buying then and wait until it goes on high again.

Yes, many are believing that bitcoin will certainly pass $100k mark soon. It may not be as immediate as we have thought last year but it will definitely going to hit it soon once the bull is back. Whoever is saying that next year is still a bear market, respect to them, any opinion that thinks it's going to be high or low. One thing we're sure about, this bear isn't going to last forever and as we're in cycle, this is about to end maybe or maybe not by next year but sure, it will come to an end.

Yeah, it didn't hurt that much because things likely happened so fast. And the low from this bear market was the highest on 2017 before the more bloody bear of 2018. All those folks that have been through those bears and bulls understand that this isn't really a lot for a bear market.
But with comparison to the percentage and lost since the last bull market, we can have those numbers to be that much.

Those that can't take away and still can't move on, they have to move themselves away from the market. Aside from not looking to the charts, they should make themselves busy with other things so they can forget what's up with the market and how low it has been since then.

Indeed. A lot of negative events have impacted crypto market prices. 2022 has been a very bad year for both crypto and stocks (especially for crypto). It's going to take quite some time before we see any signs of recovery. First, confidence into crypto assets needs to be restored for demand to soar like crazy. And second, the global economy needs to recover back to the way it was. Unless these two issues are sorted out, don't expect to see a new ATH in price anytime soon.

At least, we know Bitcoin won't be going anywhere. That's thanks to the way it was designed. Satoshi never intended Bitcoin to be used as an investment tool anyways. It was always meant to be used as a currency. Maybe some day we'll forget about the price, and use Bitcoin for its intended purpose? Just my thoughts ;D

Many people are duscouraged about the height at which bitcoin has dropped in price. Honestly I would feel the same if not for the fact that I know bitcoin price acts in cycles. Then again knowledge could only get you so far, you must really know the timing at which things go especially in this venture. Otherwise you'd find yourselves waiting for the next high until you hit another bear market. Which happened to a lot of us because we were so sure back then that 2021 would be the year bitcoin would reach 100k, considering how booming the crypto space is back then.

Bitcoin is more than just the price, it's money that is directly held by you, without any 3rd party, and that you can send to anyone in the world.

It's really the best money ever invented, and the price is just going to increase over the long term.

For example, in 2025 central banks will be allowed to have up to 2% of their reserves in Bitcoin.

The lofty heights of $64,000 & how we miss them hey. At the time I predicted we’d go much higher, I couldn’t have been more wrong though. I definitely think COVID & what happened with the world due to lockdowns stunted the price run up. I think without all that we would have gone much higher. China banning bitcoin at the same time wrecked us too.

We will get back to those prices though & go higher. It’s just going to take a few years though. We must have lots of patience but it’ll be rewarded.

It's going to be a long wait, especially when everything is going downhill in an instant. We should just focus on filling our bags with crypto before the market turns bullish again. If things work out the way we hope for, Bitcoin could easily reach $100k per coin.

I'm in no hurry to see BTC reach a new ATH, as long as it works as intended. Crypto is all about utility instead of the price. With some countries gradually adopting Bitcoin as legal tender, it should only be a matter of time before the cryptocurrency rivals the existence of Fiat. Who knows how far will it go? Just my thoughts ;D

As I bumped the old thread (https://bitcointalk.org/index.php?topic=5440532.0) I've made for encouraging people to continue holding. This thread was made on October 2022 and I posted about the throwback of $64k. In just 1 year and 5 months we're almost back to $64k and close to the ATH too. Just this day, Bitcoin hit $63k and on the past days I've read in some posts outside forum that Bitcoin was able to hit $64k, I haven't verified that but we're too close again. If people that are still bearish and doubtful about Bitcoin, you will never see an asset like this that have been very resilient. Take note that we're not yet on the halving and that's suppose to happen next month, the impact of it will be much greater and we might able not going to need a year until we see a new ATH. So, those that have been calm and holding until now, I'd like to congratulate each and everyone of us for being patient over all these years and not just that, more years to come to all of us.