A new ATH

[magneto]

Each time when bitcoin experiences a bull market, at the end there will always be a huge correction that brings prices down. That in the current scenario is what happened in January to February - a panic dump, that caused prices to plummet.

Right now what the market is doing is consolidating. We actually may go to lower prices, but I don't think we'll see prices go down by much more. After we consolidate near the bottom, the recovery should happen sooner or later.

Cycles take time, they are not something that happens overnight.

But history seems to tell us that each time bitcoin has recovered from a bear market, it has come back and set another all time high. Since institutional investors have only just started to become interested in BTC, I think the bull market this time, when it comes, will probably yield another all time high price, regardless of how much exactly it goes to.

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[YTBitcoin]

I remember the time when there were many thread around everywhere about the death of bitcoin and many people were speculating about the death of bitcoin but now just take a look everywhere you will not find them. Bitcoin is now doing much better at least the haters now have accepted that bitcoin cannot die. A time will come when they will realize that the rise of bitcoin cannot be stopped and so they will run away from here with their failed mission.

[mig5000]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

[Lucius]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

So you say no 20k $ again, means never? But then you say this will not happens this year but in some future point...It does not make sense, it will happen again or never, you have to decide. You should also assumed all the potential that BTC have and look in the future, 9 years ago it was just joke and you can buy like 500 BTC for 1$ - and faucets give 5 BTC for solving one captcha. Pull out your wallet and count the money for 1 BTC, it is 75x100 $ bills, or go to faucet and try claim some BTC, I assure you that the amount is much smaller then 5 BTC

[bozo333]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

This year surely it will reach 20k USD because many experts are said this year many countries implementing the Cryptocurrency legalisation so many peoples are interesting to buy this coin it will reflected in market so automatically Bitcoin is going to moon.

[gentlemand]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

Unless something fundamental breaks, a return to 20 grand is in the bag. There's a lot more head room left.

The other question is when and I don't think it's going to be this year either. I'm not too sold on next year as well but my predictions have always been useless.

[Febo]

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000

2018 and 2019 can be both under $6000.  2020 cant anymore.  But I agree, ATH is really so momentum event that no one really catch it.

I agree with this sentiment, and I actually think this is the likely outcome. Surely BTC will drop below $6k. It has tested that range twice, and I am certain it will happen again. Early 2020 is when the block halving happens, so it is very possible we will see a new ATH at the end of 2020.

Why does it surely have to drop below 6k? If anything I would be bullish when it nears 6k as that to me seems like a great support line. Combine that with the fact the hashrate has been ever increasing since December and you have a lot of bullish signs. I am not convinced of this drop that will happen to 1k and will only believe it when I see it due to the heavy support present at 6k.

Nothing is ever sure. But there is quite high possibility that Bitcoin goes unred $6000 this or next year.   Not sure what you meant with 1k.  There is really tiny chance we would see bitcoin at $1000 ever again.

[Denker]

In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer
bitcoin fails to deliver the great expectations of some people.

It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately and so are willing to throw
the toy out or smash the sand castle because their wills are not met now.

There are times when we need to visit the whitepaper to realise what it was all
invented for and to have patience.

https://bitcoin.org/bitcoin.pdf

That's the problem many people in the crypto space have. It can not get quick enough for them.
What they often forget is that we are still at the beginning of something really massive, something which will change our entire future in terms of how we will act with money.
Understanding Bitcoin and why it was created in the first is something many people have absolutely no clue about. For them it's just about get rich quick and that's it.
They will get burned. leave the space and call Bitcoin a fad or a fraud. If however you have patience, learn the technical basics, and try to keep yourself updated, you will be rewarded big in the future.

[Bardman]

all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

once you grasp that mindset. people can learn to chill

Let's also just look at the market cap in total instead of just bitcoin, a lot of cryptos are going to die, maybe even bitcoin but I'm 100% confident that we will see a new ATH, a new total marketcap ATH.

[Jorosss]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

This year surely it will reach 20k USD because many experts are said this year many countries implementing the Cryptocurrency legalisation so many peoples are interesting to buy this coin it will reflected in market so automatically Bitcoin is going to moon.

We are not in year ends so why lose hope of not going to reach $20k again. I am positive btc can reach $20k we are still in early months so it is possible dude. Yes many people interested in bitcoin so many users comes in bitcoin.

[Slow death]

[...]

Many people bought bitcoin because they heard many positive comments, such as:" in 2 months bitcoin will be worth $ 10,000. " Analyst X predicts bitcoin prices in 2050 will be $ 50,000 "How many comments of this kind did not we see? type "bitcoin will be worth 100,000 within 3 years" we did not see it obvious that people would buy bitcoin after hearing this kind of positive news, but the price fell and the expectations of those people were dropped, the dream of these people went to waste. With regulations the situation worsened for bitcoin. So it's normal to have dump

[wuvdoll]

all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

once you grasp that mindset. people can learn to chill

Nice one franky1. Unfortunately, since a lot of people always like to rush to make decisions and not do some research, they simply do end up making the wrong decisions or panicking over nothing. This is a wake up call for those who may actually be thinking that their investment is gone since they apparently thought bitcoin is just some get rich quick scheme. Only those who have that mentality always end up getting screwed by selling at loss out of panic and buying into FOMO. This figures year in year out alone, is enough for anyone to take a chill pill.

[batang_bitcoin]

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

This! Most of the newbie investors doesn't really care about this and won't understand this.

In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer

FUDs are going on ATH too? I didn't noticed that but you've got to be right. 

bitcoin fails to deliver the great expectations of some people.

This ain't the part for bitcoin, this goes to our part. We are expecting too much and if it wasn't met, we put all the blame to bitcoin. Just let those people who are demanding for high price as they are looking to bitcoin as a way to become rich easy and so quickly.

[BitcoinNewbie15]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

Im sure it will happen one day. I debate with myself when it will happen. I too don't think it will happen this year, as Bitcoin usually goes through these long bear markets after exponential price increases. However, Bitcoin has had significantly more coverage this year, and everyone knows about it now. Things will be very different this time around.

[Bardman]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

Im sure it will happen one day. I debate with myself when it will happen. I too don't think it will happen this year, as Bitcoin usually goes through these long bear markets after exponential price increases. However, Bitcoin has had significantly more coverage this year, and everyone knows about it now. Things will be very different this time around.

I'm personally just hoping for more fiat pairs. It's annoying that everytime bitcoin falls everything else also falls. It's not healthy for the market so before bitcoin can reach the ATH again I hope we have more fiat pairs.

[BitcoinNewbie15]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

Im sure it will happen one day. I debate with myself when it will happen. I too don't think it will happen this year, as Bitcoin usually goes through these long bear markets after exponential price increases. However, Bitcoin has had significantly more coverage this year, and everyone knows about it now. Things will be very different this time around.

I'm personally just hoping for more fiat pairs. It's annoying that everytime bitcoin falls everything else also falls. It's not healthy for the market so before bitcoin can reach the ATH again I hope we have more fiat pairs.

I agree, this would be very nice. Bittrex I hear has partnered up with a bank and now offers USD trading pairs. This is huge news for the altcoin space for sure. It's going to be interesting to see how/if this will affect Bitcoin in the future.

[richardsNY]

Bittrex I hear has partnered up with a bank and now offers USD trading pairs. This is huge news for the altcoin space for sure. It's going to be interesting to see how/if this will affect Bitcoin in the future.

Fiat trading involves pretty firm regulations, which means that it is very likely that Bittrex will up their verification standards to match their progress. On the more positive side, having a popular crypto exchange make it possible to enter the market directly with fiat, will hopefully decrease Tether's dominance in this market. Nearly all the top exchanges are Tether exchanges, which is pretty worrying. Of course, there is no proof that they are gaming the system, but them refusing to have whatever entity audit their reserves is pretty alarming. If you don't have anything to hide as completely legal business, then what's the point of avoiding an audit the entire crypto market is waiting for....

[vickybitcoin]

In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer
bitcoin fails to deliver the great expectations of some people.

It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately and so are willing to throw
the toy out or smash the sand castle because their wills are not met now.

There are times when we need to visit the whitepaper to realise what it was all
invented for and to have patience.

https://bitcoin.org/bitcoin.pdf

If only possible, what we need is not price increase but to eliminate those vultures greedy cheaters  those who created false price increase so that the market of cryptocurrency will bloom by its own true capacity and not the false promises.

[Herbert2020]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

Im sure it will happen one day. I debate with myself when it will happen. I too don't think it will happen this year, as Bitcoin usually goes through these long bear markets after exponential price increases. However, Bitcoin has had significantly more coverage this year, and everyone knows about it now. Things will be very different this time around.

I'm personally just hoping for more fiat pairs. It's annoying that everytime bitcoin falls everything else also falls. It's not healthy for the market so before bitcoin can reach the ATH again I hope we have more fiat pairs.

just having the pairs may not solve anything at all. people need to first want to use those pairs then after that the altcoins should become stand alone REAL projects not just a useless token that you use to increase your bitcoin.
so far the sole purpose of the whole altcoin market has been a speculation place for people to go and invest their "bitcoin" to make profit on it. and that is the main reason why altcoins drop each time bitcoin drops.

[Harlot]

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here.  I have already assumed that.

This year surely it will reach 20k USD because many experts are said this year many countries implementing the Cryptocurrency legalisation so many peoples are interesting to buy this coin it will reflected in market so automatically Bitcoin is going to moon.

We are not in year ends so why lose hope of not going to reach $20k again. I am positive btc can reach $20k we are still in early months so it is possible dude. Yes many people interested in bitcoin so many users comes in bitcoin.

Hard to say that one of you is wrong as we really don't know how the market will end this year. Like last year we didn't know that the cryptocurrency market could end 2017 with a very bullish point, so bullish that a lot of new cryptocurrency entered in to the top 10 cryptocurrencies. The same can be said this 2018 we don't know when will this bearish market end or if this is just a setup for a even bigger ATH for the market. Let us just be prepared on both occasions happening in the future.