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Author Topic: What if BTC never reaches all time high?  (Read 1154 times)
Japinat
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May 03, 2020, 07:55:46 AM
 #141

What if BTC never reaches all time high?

That comparison will Nike doesn't make sense to me, comparing apples to oranges.
Bitcoin will easily reach that ATH again, it maybe won't reach 1 million like some have predicited but it should go much higher than what it is now. 

Definitely, the ATH was just $20K and bitcoin had reach over $10k last 2019 or even higher, so it's not impossible that bitcoin will pump.
Also, we've seen bitcoin pump significantly in just a day, a pump like $20% or 30%, so it's normal for bitcoin to pump and dump as well, an ATH will be achieve if not this year, then we can always expect that to happen every following year.

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May 03, 2020, 08:56:59 AM
 #142

it is easy to return to ATH if the economy is really developing. As you can see, 2019 was a great year and bitcoin grew well without historical dump.
But even that if it is a great year still did not manage to make a new ATH right?and besides we are short by almost $6k so there is nothing to be compared with specially about the topic of this thread that asking for ATH thing.
But when the virus came and signaled a danger to the current economy, the market immediately sold off. so the return of ATH to Bitcoin will depend heavily on the overall economy.
actually it took long before the the effect comes here because the Virus is starts spreading last 2019 december yet we only felt the damage last march.
and if this epidemic is quickly overcome, I think by 2020 BTC will return to the ATH level.
there will never be quickly overcoming because experts are saying the effect willstay for another couple of years so there is changes by then.
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May 04, 2020, 12:55:41 AM
 #143

That comparison will Nike doesn't make sense to me, comparing apples to oranges.
Bitcoin will easily reach that ATH again, it maybe won't reach 1 million like some have predicited but it should go much higher than what it is now. 

No one knows what Bitcoin's price will be in the future. It could hit $50k, $500k, or even $1m in a few years from now. The fact that Bitcoin's block reward will experience a reduction every 4 years, tell us that Bitcoin should be more valuable over time. It's very unlikely Bitcoin will never reach a new ATH, since there's always demand for it on the market. The "pumpers" and whales will always exist in the crypto world. It's no secret that Bitcoin's halving event brings more hype than anything else. People will gain the sentiment of "FOMO", contributing towards a massive increase in Bitcoin price over the long term.

It's important to recognize that Bitcoin is a new type of asset class that's completely different from what we've been accustomed for a long time. Stocks, precious metals, and traditional Fiat can never be compared with Bitcoin directly. It was designed to be independent from the world's monetary system, making it a truly sovereign form of money for the whole wide world to use. Sooner or later, Bitcoin will reach a new ATH. The question is when will this happen? In the uncertain world of crypto, no one knows for sure. As long as you continue to buy Bitcoin, you can contribute towards a price increase on the market. Let's hope that there are more buyers for Bitcoin than sellers to see higher prices in the long term. Just my opinion Smiley

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