What if Bitcoin never reaches a new ATH?

[CarnagexD]

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.

It does not need any government at all given its decentralization system. It already reached an ATH, a massive ATH way back in 2017 without any prior notice from any government so it would probably be at it again. If this happens then most probably it will beat its own ATH ($20000+) perhaps that will be another key to open great doors of reality not only with the government.

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[Darooghe]

Confidence will take time to return. after the 2014 crash, it took over 1 year to reach the bottom, and another 2 years to get back to the ATH. once that milestone was passed, things went into overdrive and BTC went from $1,000 to $19,500 in less than a year. Nobody knows what will happen but this looks to be just part of the boom bust cycles bitcoin has been experiencing since the beginning. you should have seen the insights and rhetoric thrown around when bitcoin dropped from $1,200 to $180. Not everyone is an investor with short time horizons that trade emotionally.

[blipblip]

Interesting topic, first of all we have seen both 10k and 14k in 2019, that tells me that the price has come up alot since we saw 3k and there is still interest.

Depending what you describe as ”mainstream” but i don’t think 2017 was mainstream, for me mainstream is when Bitcoin/Cryptocurrencies is alot more known and used. Today we don’t have that and can’t see it either, partly because we can’t send transactions fast enough.

One very big problem in 2017 was slow transaction speeds and high fees, if you reed around the internet you see alot of threads/discussions talking about this problem. Today it’s probably a bit faster but not that much, this would mean that 20k today with the same ”bullrun” would cause the same problem, so you could argue that we can’t see 20k today because we haven’t fixed the problem we had 2017.

Another big problem was exchanges, in 2017 the exchanges couldn’t handle the traffic, this became a big problem, today we have stronger exchanges with alot better servers and staff, however the transaction speed and cost is still a problem. We also have alot of problems with exchanges get hacked, Decentralized exchanges is also something we need.

Can we see a new ATH? Yes, but probably not today and if we would see a new ATH anytime soon there is a big chance we see a crash as well, however with the upcoming halving no one knows where the price can go.

I think we nee to see a good scaling solution, maybe Lightning Network, which by the way have made big improvments this year. We have also seen alot of companies beginning to research blockchain and we have much more interest in the blockchain today compared to just a few years ago. I could say we have made alot of ATH in blockchain space but not in ”price”

2017 was a interesting year but also a very dangerous time, alot of new people entered crypto with the minset ”buy now before it is too late” when in fact it was already too late to invest. Now alot of peolpe are just waiting to get out. Crypto is not always a ”price” but have usecases.

Just my thoughts.

[airdnasxela]

Why would they lose their investment just because Bitcoin cannot reach a new ATH? As long as your investment gains, then it's not a loss. Right now it's hard to see that we can reach new ATH but we never know in the future, after years. And since it seems so hard for Bitcoin to reach it with the current situation, we don't have to aim for ATH. Maybe at least a big pump will do.

[Gotumoot]

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?

Bitcoin investors now are smart and i think bitcoin price will be more volitle because when bitcoin dump many people will sell immideiatly and they will wait for more dip to buy again then they will wait to price increase. 

And i think bitcoin price after bitcoin halving will not reach All time high , because many investors will sell immideiatly to secure profits.

[senne]

See, you trade on probability and in trading every outcome is possible. So, yes there is a possibility that Bitcoin never beats its ATH of 19.5k. if you are only looking for that number to trade, you should probably get out of crypto right now.
But that is not the case, right? You can always swing trade with whatever price. You can always take up the opportunity of the high crypto volatility. Price reaching the ATH back again or not shouldn't be the concern at all.

[betty11]

I believe the price of bitcoin will skyrocket next year just before or after the bitcoin halving. As the price begins to go up, people will run to quickly buy, this includes companies who don't want to miss out on the gain. I am as a believer of bitcoin.

[Lucius]

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.

Bitcoin is still in the early stages, even though some think 10 years is a long time, which is true if we look only from the perspective of the duration of human life. But your thinking just showing that most people see BTC only as an investment, and they are in a panic when price is not going up. I would like to see a much bigger price in the next 5-10 years, but if this does not happen it won't be the end.

People will lose their money only if price is go down, but they always have a choice to sell today or any time they want. No one is saying that investing in BTC is not a risk, quite the opposite. Only invest what you are prepared to lose, so there will not be losses and disappointments in the long run.

One very big problem in 2017 was slow transaction speeds and high fees, if you reed around the internet you see alot of threads/discussions talking about this problem. Today it’s probably a bit faster but not that much, this would mean that 20k today with the same ”bullrun” would cause the same problem, so you could argue that we can’t see 20k today because we haven’t fixed the problem we had 2017.

Another big problem was exchanges, in 2017 the exchanges couldn’t handle the traffic, this became a big problem, today we have stronger exchanges with alot better servers and staff, however the transaction speed and cost is still a problem. We also have alot of problems with exchanges get hacked, Decentralized exchanges is also something we need.

No doubt 2017 bull run is caused very big problem with transaction cost and slow confirmation, but part of problem was also in big spam from BCH which aimed to show how their BTC is better/faster/cheaper than original. It is also fact that we did not have SegWit then, and most exchanges did not use batch transaction. But I hope exchanges learn something from that time, especially with regard to better infrastructure.

The next bull run will show how much progress we have made since 2017, but there is no doubt that we are in a much better situation than two years ago, and that there is still time for improvement.

[Wysi]

One way or another bitcoin will reach its ATH. It could be because of the halving or for other reasons. Looking at the parabolic cycle and considering that bitcoin and crypto haven't reached the peak of adaptation yet, and not to mention the limited supply of crypto, the price of crypto will reach another ATH.

In any case, everything is just a prediction. Currently, the market is difficult to achieve ATH like 2017, but in the future no one knows in advance. We are currently only speculating and hoping the price will increase in the future, with what BTC is showing and every day more people know about BTC, achieving ATH is only sooner or later.

Many are worried about the new ATH, especially Bitcoin keepers. But do not be upset, because there are investors who believe in the new ATH. You need to wait a little and who knows, maybe after the month of May, Halving Bitcoin will make you speak differently.

Halving has become a last hope for many but it's not wise to be dependent on halving alone as recently Stellar XLM burned half of its unused tokens to push the value of XLM but we could hardly see around 10% pump and then dropped down again. We need to look for alternative rather than completely hoping on halving.

[Colt81]

In my own opinion, if bitcoin does not reaches the new ATH, a lot of people would be disappointed that no one would keep their patience any longer to hold their bitcoin for more years because they are expecting that they would get a good profit from it. But we can't really if bitcoin will reach or will not reach the new ATH, that is why we should keep our patience for bitcoin to increase it's price even more in the near future.

[Kambal2000]

In my own opinion, if bitcoin does not reaches the new ATH, a lot of people would be disappointed that no one would keep their patience any longer to hold their bitcoin for more years because they are expecting that they would get a good profit from it. But we can't really if bitcoin will reach or will not reach the new ATH, that is why we should keep our patience for bitcoin to increase it's price even more in the near future.

They will just get disappointed but for sure they will still continue to support Bitcoin and cryptocurrency as we cannot stop the disruption of crypto in the world as we are all aware that technology is evolving and innovating so we cannot stop it anymore, so if we stop to support it, others will and for sure they will benefit of it, so we should support no matter what.

[ChrisPop]

If the prices will remain the same or further decrease once the halvening takes place I do expect that a lot of miners to plug off their equipment. But that isn't a problem, because the difficulty will readjust itself as the algorithm is designed this way. So the miners will get a bigger part of the 'pie' with the same hashing power, but in order for the difficulty to drop so much that the remaining miners would mine double the Bitcoins with the same power just to remain above b/e level - a major player in the market would have to pull the plug on its rigs which I think is highly improbable as they usually have a lot of financial resources to sustain mining at a loss for a long time.

[pgbit]

You might not know this but the supply of bitcoin is actually reducing since more and more people are losing the keys to wallets and some people have even died and their bitcoin wealth are lost forever and would likely never be recovered, more and more people want a piece of bitcoin and there is just not enough to go around with Billions of people in the world and just less than 18 million bitcoin in circulation, it's inevitable that the price of Bitcoin would rise unless something goes absolutely wrong.

[StephenieDuong]

I think buying bitcoin just because of halving is a bad invest option. Halving may not have effect to bitcoin price and betting to buy might make investors take lots of risk. For me, i invest into bitcoin just because i believe crypto will be the key to future and bitcoin may be the leader. 

[Silberman]

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?

You are only seeing how world events could negatively affect bitcoin but you are not seeing how world events could help bitcoin to get adopted and to reach a new all time high, and one of the best examples of this is Venezuela, Venezuela is a country in a deep economic crisis caused by its government and its policies and in that country people are trying to do their best to get a good currency like the dollar, the euro and some cryptocurrencies, if this happened through the whole world we will see the same that it is happening in Venezuela and that will help bitcoin in a huge way.

[Excell110]

Definitely it will, it might take a while, but it will get there.
 Btc has come a long way and the journey has not been very smooth, but one thing is certain, it always triumphs

[NeuroticFish]

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?

No new ATH would mean not much further evolving of Bitcoin - as technology and as acceptance/use too. It would mean Bitcoin dying. It would make the miners leave. It would be bad.
But I don't think that this can realistically happen.

Also, how many years means "never"?!  

[rdluffy]

It's a very good question and complicated to answer

I'm prepared if BTC never reaches again the same levels of 20k USD again, but I don't know other people

You don't have to worry about miners, because miners are making a lot of money, even with these prices os sub 8k, the main problem is, people have to be optmistic to buy, believing in a potential rise, if people stop to belive that BTC can reach a higher value, we'll have problems to sustain prices

[hatshepsut93]

How can regulations kill the bullishness? Stock markets are much more regulated than Bitcoin, and big tech giants like Facebook and Apple are almost always at their ATH because they keep growing and growing. If it were like you say and the whales could no longer manipulate the market, it would be a good signal to investors and the price would grow in long term and eventually reach a new ATH.

ETFs, futures trading, and Bitcoin forks (BCH, BSV, etc.) could've had an impact over Bitcoin's price.

Those things have zero long-term impact on Bitcoin's price, and even in short term they are barely noticeable.

[KnightElite]

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?

No new ATH would mean not much further evolving of Bitcoin - as technology and as acceptance/use too. It would mean Bitcoin dying. It would make the miners leave. It would be bad.
But I don't think that this can realistically happen.

Also, how many years means "never"?!  

For me it is not possible, bitcoin will surpass its previous all time high but it will take time. But if the bitcoin will not achieve the new all time high then it means that the demand is gradually decreasing and the buyers are overwhelmed by buyers. As time passing by technology become more advanced and we humans need improvement and for sure that there are many people who wants to adopt bitcoin.