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Author Topic: CAN BITCOIN EVER PASS THE LAST ATH?  (Read 143 times)
BitHodler
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August 03, 2018, 12:32:24 AM
 #21

After the dip from 100k to 40k people will ask the same question.
That will be a brutal dip. Imagine someone buying 1BTC with his life savings for $100,000 and it drops 60% in a matter of months.

Technically it's the same as when people buy Bitcoin right now with $100,000 and it drops 60% in value, but psychologically a 60% drop meaning 1BTC loses $60,000 is different from 1BTC losing $6000 with a 60% drop at current levels.

On the other hand, if institutions gain an upper hand in this market, we may not even see corrections of that magnitude anymore. It's very likely that we'll see exchanges enforce stock market security measures.

One way or another, the market will change, and if it becomes more stable due to these changes, it's a great step forward to make Bitcoin even more usable as a currency. Stability is key.

BSV is not the real Bcash. Bcash is the real Bcash.
entrepmind23
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August 03, 2018, 01:19:52 AM
 #22

With the current bear market I'm sceptical of the bulls ever coming to take charge of the crypto space. Late 2017 was great for all crypto enthusiast.

It seems that you are losing hope for this market. There is still a chance that bitcoin would be able to surpass its all-time high because there are still many events that the cryptocurrency enthusiasts are anticipating. Bitcoin always surprise and when the time comes that many people are getting discourage about the market then it would be the time when the price would be slowly creeping up.

do you see anything changed about bitcoin? of course not.
bitcoin is still the same decentralized currency that has no match in the world and it still also has the same limited supply while its demand is increasing.
there is no way to prevent the price of this permissionless currency from rising back up! you can always delay it and cause dips in short term but in the long term the market always wins.

Speaking of dips, a dip is happening now but then the buyers are slowly appearing and if you are still uncertain if it's the right time to buy then think of it for the long term. As what you say, many people are getting expose to crypto and with the same supply and increasing demand, price would eventually go up and surpass all-time high.

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