Today is 1 year since Bitcoin price reach its ATH (~$20,000)

[Bttzed03]

I was actually searching when it happened. Thanks for posting this.

Some say it will be 2020 when BTC will reach $20K again but I am not optimistic on that prediction.
I would be happy if it reaches $10K, a slow and steady growth.

[MULTIK888]

Yes, it was a great time - December 2017. Portfolio for 1 month increased by more than 15 times! Today we see the opposite picture - the Portfolios of all players were emptied 15 times.
How long will we wait for the next take-off? I don't know, but I still believe in it and I like this market. There are only those who are not afraid to lose their money and believe in bitcoin!

[funchiestz]

Bitcoin reached $20,000 a year ago since today. It's been quite a huge drop since then (over 80% drop since then).



There's been quite a few similar drops over the years:


When do you think we will reach new ATH?

I think I miss the excitement of that market, rather than the price of $ 20,000. Of course, the high price is also important. It is important to be more profitable. I think next ATH will be about 70K before next big correction.

[susila_bai]

Didn't noticed that its already a year since the all time high days. If we will compare 2015 and 2018 which means 2016 doesn't really have much action so be it by 2019, we'll experience the same?

The chart is okay but I don't think 2019 will don't create a buzz. Institutional money is about to enter the market so I think it will be the entrance of big investors by 2019 and probably the start of the bull.

Institutional money will enter but you forget that even futures and margin trading is also entering the market and big institutional investors can also short it and enter in low also. So even it is possible that we can see a very low value of bitcoin when the institutional investors will start to invest. As they will need to clear the panic sellers and all lower traders so that they can raise the price without any problem.

[ranman09]

...but I do hope that developments and cool projects continue to rise on the cryptocurrency sphere even if the price continues to stall. There's more to bitcoin and crypto than price alone, and we already witnessed several great projects come to fruition due to their inspiration from the said tech.

Same here! been waiting for a cool project where we can really use bitcoin. Been seeing this VRChat gameplays on youtube and just watched ready player one movie. I hope they combined! I wanted to buy stuff with bitcoin soon thru a virtual world.

[Harlot]

Just like before which Bitcoin has proven and tested it will rise again but there is no clear answer on when it will reach its previous ATH at the moment. Before we even think about reaching 20,000$ again we need to re-test several resistances most importantly the ones near in our current level. After that the true retest for Bitcoin is reaching once again back above 10,000$ which will be a long way to go as we are not even half of that price yet.

[shield132]

The CEO of Circle, Jeremy Allaire said that Bitcoin and Ethereum dropped because they were heavily oversold but despite that they have a very bright future.

Check out this video by CNBC:
https://coincodex.tv/videos/522/the-circle-co-founder-jeremy-allaire-expects-crypto-valuations-to-increased-have-a-bright-future/

To be fair I don't give a shit what famous people say on crypto because usually they say it's scam, manipulated or someone comes and somehow says goods, without amy facts and arguments, it's annoying for me.

One year ago we were having more than enough investors trooping in to simply get a bite out of the cake,but right now only the genuine ones who believe in the tech would remain

And that's exactly what makes the system unpredictable,as we do not know what can happen next as regards whether or when we'll be seeing an all time high anytime soon

That's not so easy to stay with crypto, there is no guaranteed reason that bitcoin will reach or surpass it's all time high, also when investor looks situation, it's 100x hard to decide whether hold coins or not because you don't know how situation will go and this withdraw may be your only escape from huge loss or even opposite can happen.

[coinwizard_]

Some people have left, but others remain in the game. The non-believers were just here for some quick cash. When you get deep into crypto you never want to leave, and the profits will follow when you understand the game

[The Cryptovator]

Yes that days was today on last year. But no one can say when it will hit again ATH. But positive thing is, seems Bitcoin start correction from today. Just noticed now on Binance Bitcoin hit 3580 from 3200 zone. Look like effecting last year bull run today. But I don't think it will grow very fast like last year. Who know it might be bull trap or correction. But I will say it's positive that same day run up like last year. Hope soon will recover at least 6K zone. From that zone it was dropped much. So it should be recover first on 6K zone.

[SyrulRamadhan]

yes it is a beautiful memory. I think there are many people who became rich last year and in 2018 many people are sad now because they hope that the events of last year can be repeated and they may suffer a lot of losses because hoping that

[Harlot]

Some people have left, but others remain in the game. The non-believers were just here for some quick cash. When you get deep into crypto you never want to leave, and the profits will follow when you understand the game

The funny thing is the ones who wants "quick cash" all end up in losses because they really don't know what they are entering and they are unprepared to do so. All of them got blinded with the big price gains Bitcoin is receiving that is why they think it is the best opportunity for them to enter the market which is the wrong the idea, if we are seeing Bitcoin going up then it is too late to enter the market as you are buying a position without any safety. People who really don't know what they are doing is they don't see the current market situation we are in as an opportunity they just think that this is where BTC is "dying" and won't go to its former glory.

[MiguelCryptoss]

Waoo.. how fast is time moving. I think that the price of bitcoin as at 2017 which was ATH has began to display as the market appreciate in price as at the time of this report. Hope are very high because of this rise in price, maybe the bull run is gradually setting in....

[Dreamace7]

Well there is really not much to celebrate with just one year on and the price has gone way below that it's really not an encouraging sign but we still have to be patient

[stiffbud]

Didn't noticed that its already a year since the all time high days. If we will compare 2015 and 2018 which means 2016 doesn't really have much action so be it by 2019, we'll experience the same?

The chart is okay but I don't think 2019 will don't create a buzz. Institutional money is about to enter the market so I think it will be the entrance of big investors by 2019 and probably the start of the bull.

We have been hearing this statement from a pretty long time, the government is lacking interest in making bitcoin ETF fast, they should have already legalized it by now but there isn't a thing about it till now. The government is killing the buzz about bitcoin and institutions are making this dump longer because they could buy in cheap as when the next bull run will start then there would be no end to it this time as the institutions are risking their money now. I even found a video that was saying many experts of Wall Street are now investing in bitcoin in secret but telling the people opposite about bitcoin.

[keyscore44]

Nobody can predict when the new ATH will be, but if I had to choose a period, I would bet around the nearest halving ... I think 2-3 months before halving.
Of course, a lot can happen by then, so as I wrote it is only my guess.

[arnelandvik]

Oh, how quickly the time passed. It feels like just yesterday I hoped that it wasn't a good idea to withdraw money right now, and Bitcoin will reach at least 25000$

[Kemarit]

When do you think we will reach new ATH?

Really funny though that at the eve of the last all-time-high, Bitcoin suddenly jump to $3500-$3600 today, and majority thinks this could be the start of a recovery, but I doubt it. Anyways, yes, I still remember the massive growth we can seen last year that culminates into all-time-high. Even wallets that I have back then with dust amounts turns into gold, LOL. As for the a highs, might take years to reach though, it's going to be a long road. Most probably prior or after the next block halving in 2020 will be a good bet to see whether we can see another all-time-highs.

[FedorIzmailov]

I am sure that in the next two years we will definitely see a price of more than 20k dollars for one bitcoin

[irenegaming]

Celebrating with new lows every week, haha, but well this market is like that, in one year we are in ATH, the other in ATL and so we go year after year reaching different goals, that's what makes it so exciting, the variety that the market has.

[robelneo]

i honestly believe that Bitcoin all-time high can have a repeat and it can even that $20000 level, it just shows that Bitcoin has a huge potential for profit and adoption and this is just a hint of much more bull run to come 2019 we are going to have a great run.