pooya87
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December 28, 2019, 05:30:45 AM |
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Ever since strict regulations were introduced in 2017, we've seen a substantial decline in Bitcoin's price across the market.
WRONG. ever since bitcoin price entered a gigantic bubble that had no other way but to burst, the price entered the bear market after 3 years of bull run and has dropped for nearly a year before it started rising back up again for the past year. The introduction of new regulations, ETFs, futures trading, and Bitcoin forks (BCH, BSV, etc.) could've had an impact over Bitcoin's price.
there hasn't been any ETFs to want to affect bitcoin price and altcoins such as BCH and BCHSV have no long term effects on bitcoin price. Whales could be manipulating Bitcoin's price as we know, preventing the pioneer cryptocurrency for reaching new All-time-highs in price.
manipulation is part of any market and maybe on a bigger scale in bitcoin market but manipulators can not "prevent" price from going back up ever or even keeping it down. It's been almost 2 years since a bear market occurred (2018), and could last longer as we know it.
wrong again. bear market ended a year ago. 2019 was a bull market or have you missed out on the 330% rise that we had this year?!!
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BeManga
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December 28, 2019, 05:45:56 AM |
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Ever since strict regulations were introduced in 2017, we've seen a substantial decline in Bitcoin's price across the market. It's believed that 2017 was the year where Bitcoin and other cryptocurrencies went "mainstream" as many people adopted them for their own benefit. The introduction of new regulations, ETFs, futures trading, and Bitcoin forks (BCH, BSV, etc.) could've had an impact over Bitcoin's price. Whales could be manipulating Bitcoin's price as we know, preventing the pioneer cryptocurrency for reaching new All-time-highs in price. Imagine if every Bitcoin halving, prices would remain the same or lower than they were before. This would turn out to be completely unsustainable for miners, resulting in decreased security of the Bitcoin blockchain. Of course, the way Bitcoin was designed tells us that price should be going up over time. But I've seen how regulations and events in the mainstream world have negatively impacted Bitcoin's price to a point where it has taken a very long time to rise back up to its original levels. It's been almost 2 years since a bear market occurred (2018), and could last longer as we know it. As it's said, "Patience is a virtue". We as "hodlers" of Bitcoin should be patient in order to see better results in the future. But, what if Bitcoin never reaches a new ATH? Then, I'm afraid that most people "hodling" Bitcoin will lose all of their investment in the long run. What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) there is only a small chance price of bitcoin will not reach the ATH before the halving but if it will not happen before the halving im sure it will still reach the ATH in the year or next year after the halving mining is one of the reasons many people get attracted to bitcoin if some of the miners give up because it's not profitable I think there will be more new miners that will take their spot.
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Edraket31
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December 28, 2019, 06:08:34 AM |
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ATH is not that necessary. What to me is more essential is that we have higher demands over Bitcoin by adoption, effectively increasing its price on a steady level, that could be much above where it is right now. If you're anticipating new ATHs, and treating Bitcoin only as a speculative asset for investors to gamble on, it's way off what Nakamoto has it intended for. Though this is what happens this days, it's just not that right to be.
I would agree with that than to have a bubble that bursted easily. What we need more is an organic growth that could sustain in the long run moreover will be beneficial for long term holders. I guess we should not expecting ath for now and for next year while it's actually tiring to speculate. Just wait it to happen unexpectedly hence it will come in time. Who knows. This will not really a problem at all, it will depend on us how we prepare ourselves for this, if we have been be very careful what we are doing then for sure that we are aware what are the consequence, if ever we many not reach the new ATH means the hype is over and the market is going strong not just a pure manipulation by whales.
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southafricadude
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December 28, 2019, 06:10:20 AM |
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These are the same concerns that people have every few years with bitcoin. At the end of the day, just give it time. The odds are in favour that a new ATH will be reached within 2 to 3 years. The halving combined with the increased demand, and fomo of new users will mean the price will go up, overshoot its realistic price, and turn into a bubble and reach a new ATH.
At the moment, a news story can have the effect of the price jumping overnight....people are easily influenced. Just like before, when the price starts going up fast, there are more and more news stories about it. Everyone starts getting excited and fomo buy in, and the bubble starts to build up speed. It becomes a mania, and the price goes up 'too fast', and that means more news, and more buyers etc. until the bubble bursts.
Just make sure that you have your limit orders set with trailing stop, so that you can ride the price up, and sell near the top. My 'guestimate' is that the price will pump to around $150k before dumping down to around $45k where it will range again for the next couple of years before the next cycle.
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joinfree
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December 28, 2019, 06:25:07 AM |
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hahaha, i doubt this strongly. The price of bitcoin will certainly reach an all time high again but i think it would only come when many governments start to approve of it. This would certainly increase its use within the world and its price in the long run. This would certainly not happen soon so holders should have patience and stay strong.
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Crypto Enthusiast supporting innovative ideas for the Liberalization of the world from the Centralized Institutions.
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Eugenar
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December 28, 2019, 07:39:09 AM |
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If everyone is fearing about bitcoin never reaches ATH at this time, for me, as long as its all time low is not getting lower than ever then the market is in a good condition. We always hope for the good market price, to be exact, a sudden increase in price which we are calling the bull run, but as long as we are convincing people to adopt to cryptocurrency, we don't have to fear anything. The market price development might be slow, but it would be for sure make the all time low higher each year. With this, I probably advise to hodl for a long term.
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piebeyb
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December 28, 2019, 08:09:13 AM |
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your account was created since 2014, where the price of bitcoin fell at that time, you might have seen the impossible happen to bitcoin in 2017, many speculative prediction analyzes say that bitcoin will not reach the new ATH will not possibly touch above $ 1000 at that time around 2014 - 2015, but finally all of that can be broken, people say about the futures market is always a reference that makes it difficult to reach the new ATH bitcoin price after halving, where people also once hoped Bakkt would make the price of bitcoin better but it turns out the opposite, so do you say the futures market will make it difficult for bitcoin prices to rise to reach the new ATH
my goal is to say this is to let people focus on history and not hear anything about speculation and analysis from news sites, to be honest they made the news just to make money not to provide information for you here, so I hope you understand about it, I still focus on history so that I am more inclined to analyze with charts and see a little about the economy out there, not just analyzing focusing on the development of bitcoin and crypto, I am just waiting for some economic problems in 2020 and if that happens we will see about the price of bitcoin, it can't predicted by anyone but let's just look
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codegnome
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December 28, 2019, 08:16:07 AM |
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Bitcoin ATH is only a matter of concern for those who have bought bitcoin at ATH. They can get rif of bitcoin if it again reaches ATH. If I buy bitcoin at current price of 7300$ then my only wish will be that bitcoin go up to 10k $ so I may get good profit. I was not the one who bought during ATH season and I am not looking for ATH price.
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tsaroz
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December 28, 2019, 08:28:44 AM |
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In even such dire consequences, the bitcoin would survive. It would led to some loses to miners and long time holders but the market would sustain itself. As the number of miner decrease, so would the difficulty and as the prices remain the same or low, it would be more usable as a merchant coin. But no restrictions or manipulation can always keep the price down. Bitcoin would rise to a new ATH in 2020.
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Kunnu
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December 28, 2019, 08:36:12 AM |
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I appreciate the spirit of Bitcoin holders they are still waiting for a good result with full of patience and confidence but only holding Bitcoin is not a good idea in my opinion they should understand the market situation and use at least half of the amount in trading so it will be a good use. Anyway it's hard to estimate when we can expect the next ATH of Bitcoin because we know that some governments are creating barrier between the growth of Bitcoin and now some big companies are involving to stop the growth of Bitcoin but I believe we will see some positive results in near future.
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Astvile
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December 28, 2019, 08:51:27 AM |
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Bitcoin never set a new ATH is a real possibility but the bigger chance stands with bitcoin creating and setting a new ATH maybe not this year nor next year but I'm sure in the future year's bitcoin will reach a new ATH. The regulation indeed affected the price I think, some actions became limited by that time. We the holders should trust in bitcoin, just like what they say trust the process.
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Kupid002
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December 28, 2019, 08:56:35 AM |
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Bitcoin never set a new ATH is a real possibility but the bigger chance stands with bitcoin creating and setting a new ATH maybe not this year nor next year but I'm sure in the future year's bitcoin will reach a new ATH. The regulation indeed affected the price I think, some actions became limited by that time. We the holders should trust in bitcoin, just like what they say trust the process.
There is a chance that it will also happen next year but not sure it will depend on the market move before the year end by 2020. Since halving is coming it will help the price of bitcoin to increase but to be able to make ATH its need more people to addopt bitcoins.
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figmentofmyass
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December 28, 2019, 08:58:08 AM |
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Imagine if every Bitcoin halving, prices would remain the same or lower than they were before. This would turn out to be completely unsustainable for miners, resulting in decreased security of the Bitcoin blockchain. the blockchain is probably more secure than it needs to be, regarding hash rate. miners are in an arms race to accumulate bitcoins right now. in the future, hash rate will probably be more closely correlated to (block rewards x price). an eventual plateauing and orderly decline in hash rate is fine to an extent. we just don't want to see hash rate plunge. As it's said, "Patience is a virtue". We as "hodlers" of Bitcoin should be patient in order to see better results in the future. But, what if Bitcoin never reaches a new ATH?
life will go on. the price was never guaranteed to keep rising forever.....
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michellee
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December 28, 2019, 09:05:35 AM |
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I think that will not be a problem if bitcoin never reaches a new ATH, we still have many times to wait for the price to increase. Even if the price is turn around at $7000-$10k, people will accept the situations because they cannot push the price increase higher. But I am sure that many people are waiting for bitcoin to reach the new ATH because bitcoin halving will happen in the next years. So they are prepared from now by buying bitcoin at a price now.
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batang_bitcoin
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December 28, 2019, 09:11:24 AM |
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It's a given situation and speculation and is part of everyone's what if. But being in the bitcoin space for a few years, I'm not trying to push myself into this negativity because as what the chart says, there's a big tendency that we won't stay at the current prices. Satoshi has given an opinion about a win or lose situation for bitcoin within the next years and it's on us how we'll rely on the changing pattern of the market cycle. It's okay if we'll never see a new all time high as long as we stay at the current price is good for me, I just don't know with others. If price can't sustain the miners, I think there will be some alternative for them or there will be an entry for new miners. I don't know the tech terms with it because I'm not a miner but it is probably something like that.
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Rent this sig space so that BTC goes to $100k.
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Sadlife
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December 28, 2019, 09:22:43 AM |
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This previous months bitcoin came into a recession forcing it to go down to the lower levels it even hit the $4000 price range. The point is, when you buy BTC when it fluctuates and even manage to get a cheap price due to patience. It doesn't matter even BTC doesn't reach new ATH just by buying and selling for example $7000-$10000 it could still be profitable.
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samcrypto
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December 28, 2019, 09:57:29 AM |
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There’s no assurance for everything, anything can happen and we have to accept that bitcoin is still unstable and can’t be consider as a legal currency right now. If bitcoin can’t make it, some coin should make it and cryptocurrency will stay if you only believe on that. I still believe on the impossible things, bitcoin will make it in time.
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luckyflop
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December 28, 2019, 10:04:18 AM |
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This previous months bitcoin came into a recession forcing it to go down to the lower levels it even hit the $4000 price range. The point is, when you buy BTC when it fluctuates and even manage to get a cheap price due to patience. It doesn't matter even BTC doesn't reach new ATH just by buying and selling for example $7000-$10000 it could still be profitable.
Well, I haven't seen Bitcoin price drop to 4000$ last month, Bitcoin has been stable at 7000$ in recent months and this is a good signal for us to see a new growth in 2020. And if Bitcoin never achieves ATH then I think investors who bought BTC at 15k-20k will have to cut losses and reinvest from the beginning or they may leave the market forever after cutting losses. Those are just my predictions, but I firmly believe that Bitcoin will surpass ATH in the future, it's just a matter of time and we need to be patient.
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ubercool
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December 28, 2019, 10:36:40 AM |
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I think the real holders will not be bothered about an all time high as long as Bitcoin is above a certain level. Real supporters are always trying to implement the crypto into the real uses and make world a better place.
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Lee01
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December 28, 2019, 10:55:00 AM |
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I think Bitcoin would soon reach another ATH and this might be at the time of another bitcoin halving this is because the idea of halving was put through by Satoshi to keep inflation in check,the law of supply and demand as economic theory that explains how supply and demand are related to each other and how that relationship affects price. It's a fundamental economic principle that when supply exceeds demand, prices fall. When demand exceeds supply, prices tend to rise.
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