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Author Topic: What if Bitcoin never reaches a new ATH?  (Read 1593 times)
bering
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December 29, 2019, 02:49:06 AM
 #61

I will ruled out other factors because it's too complicated but in my view if bitcoin never reach new ATH again i think eventually bitcoin will lost the investors because it's became an common reasons if every bitcoin bag holders want to take profit from bitcoin and every from them will expect their bitcoin more valuable than the previous one so if bitcoin never reach new ATH anymore then investors will lost their confidence to invest at bitcoin and possibly they will attempts to find new alternative investment tools as the replacement of bitcoin

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December 29, 2019, 03:01:13 AM
 #62

It’s sad to think that there is a possibility where you cannot reach the ATH.

There is always a possibility where you could reach ATH because
  • People are using it more often
  • It is accepted worldwide

There is always a possibility where you could NOT reach ATH
  • People lost interest and have disbelief in Cryptocurrencies
  • Not completely accepted everywhere

I think that’s what we are here for, to promote the use of it and maybe, it could have a ripple effect on people that it’s not a negative thing to use Bitcoin but an improvement on ways we transact. There are a lot of factors to consider, but there’s no 100% correct prediction on what the future would be unless you are a real time traveler.

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December 29, 2019, 03:41:16 AM
 #63

yes maybe bitcoin will not reach the new ATH even though bitcoin has been reduced by half in may 2020. because the current crypto market conditions are different from the past. we have to accept it, but I am sure there will be true bitcoin holders who will keep holding even though bitcoin is not bull run in 2020. We must not despair because the amount of bitcoin available in the future will be increasingly low. in theory if bitcoin is getting less while demand is constant or increased then the price in the future will increase. we must be patient again.

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December 29, 2019, 03:53:49 AM
 #64

it is really alarming having this thoughts because the most affected parties for sure are Miners,but we are getting close to mined all bitcoins so it means for the next year bitcoin will conitue to grow even without halving,and besides even if they stopped mining?we have enough volume of bitcoin to be used so the chance of bullying is always there.though the effect will punish some,but reward many..
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
that's it,Bitcoin is always triumphant and we have seen this many years now,though from 2018 to 2019 becomes bearish doesn't mean we will stay this way,remember that Halving is soon to come so the waiting might be over next year.









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December 29, 2019, 05:04:18 AM
 #65

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.

it is because of lots of FUD that has convinced most people that regulations are ALWAYS bad so now they are scared whenever they hear the word "regulation". otherwise regulations could be both good and bad. sometimes (on rare cases) they could slow down the adoption such as ridiculous license for businesses, high taxes,... and some times (in most cases) they help the adoption. for example in 2017 Japan regulated bitcoin and price went from $1000 to $20,000

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December 29, 2019, 08:14:15 AM
 #66

You do not need to say on a fixed investment at bitcoin....
That's the easy part to answer it. Just for for a diversified portfolio with other cryptocurrencies if that is your issue (afraid of).

Bitcoin will always reach new All Time Highs in the future. We can only speculate and estimate it when based on news feedback.

Or you can simply gamble with it and win profit without trading it.


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December 29, 2019, 08:37:00 AM
 #67

of course we have to accept it sincerely if bitcoin cannot reach the new ATH. and maybe we have to be patient a little longer until bitcoin can reach the price of another $ 20,000. but if we look at halving day bitcoin before, bitcoin will always increase after halving. because the number of blocks being mined decreases but this constant or increasing demand will make the price of bitcoin increase.

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December 29, 2019, 08:54:09 AM
 #68

of course we have to accept it sincerely if bitcoin cannot reach the new ATH. and maybe we have to be patient a little longer until bitcoin can reach the price of another $ 20,000. but if we look at halving day bitcoin before, bitcoin will always increase after halving. because the number of blocks being mined decreases but this constant or increasing demand will make the price of bitcoin increase.
Looking back and the benefits of halving if the same thing happened like before there's relationship with increasing the value of Bitcoin. We have to be patient and aim for benefitable position before taking any action. The market will bring good outcome to those who are willing to take the risk and have a good faith with this industry.
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December 29, 2019, 09:00:22 AM
 #69

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
this is the advantage of being Holder mate,we can adjust to the market as we dont care what is the price for specific date as we have our own time frame and even if this not come sooner?still we can afford to extend the waiting because we use to be like that.so for me?even if the bear stays for another year?i will just take the opportunity to buy than to sell.

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December 29, 2019, 09:16:36 AM
 #70

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
this is the advantage of being Holder mate,we can adjust to the market as we dont care what is the price for specific date as we have our own time frame and even if this not come sooner?still we can afford to extend the waiting because we use to be like that.so for me?even if the bear stays for another year?i will just take the opportunity to buy than to sell.
Indeed, even bitcoin never reach its new ath, we can just wait a little longer and wait for the market to increase its price. Months or years, there is no problem with that, as long as we have our expectation, bitcoin will never fail to meet that expectation.



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December 29, 2019, 09:49:20 AM
 #71

Well the thing is , it's not important for bitcoins to reach the new or even the old ATH , what important is that it actually gets adopted by all the countries as a whole , what I know is even though the bitcoins is facing a backlash still at the same time it is able to get the job done , some countries are still making it legal and take an example of Ukraine , it's now legal here.
Even if the price stays right here and the adoption increases it will benefit the market in a very good way and eventually the price will rise.

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Bitcoin_bullish
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December 29, 2019, 10:51:31 AM
Last edit: December 29, 2019, 10:00:02 PM by Bitcoin_bullish
 #72

Bitcoin is about to reach 80% dominance, crashing shitcoins to zero and still we watch and care about youtube shills that offer nothing to the community.
This is what needs to be fixed.

Any new person while searching for Bitcoin he finds videos shilling Cardano, XRP and other vaporware. Until he finds Andreas Antonopoulos videos it is too late and he already bought at the top price the next Binance chinese shitcoin. He listens to ridiculous conversations about how XRP will reach 589 dollars and how Cardano vaporware is better from EOS nonsense. Anyone wanting to buy Bitcoin ends up buying what shitcoiner youtubers promote. That's why I'd be totally happy if youtube bans them. They don't help Bitcoin and only care about pocketing the marketing funds from shitcoins.

All these youtubers don't inspire anyone either, as it is obvious that they have a fake interest in crypto and most of the times they just want to finish the daily routine and pocket the money.

There are a few that care more about Bitcoin but they feel that they need to shill a few alts because their audience is asking.
I hope they clearly understand that their audiences mostly don't care about these shitcoins and these people asking opinions and commenting about alts are usually the devs of these shitcoins.
I have stopped watching youtube since an interview of Charles Hawskinson with Ivan on Tech, this June I think. I was disgusted with what I saw.
Price of Cardano was at 0,10cents at that point. It was an obvious attempt to dump at a high price and they marketed this very cleverly.
Where is shitcoin Cardano now? 70% down at 0,03$ . Best way to treat your audience Ivan on Tech, promote this shitcoin and make them lose all their money.
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December 29, 2019, 10:59:40 AM
 #73

Even if the price stays right here and the adoption increases it will benefit the market in a very good way and eventually the price will rise.
Once it’s adopted then for sure the price will increase, it may not reach a new ATH but if adoption happens it can effect the price for good and hopefully reach a new set of record of ATH, even it’s not necessary It’s good to think that it still able to do it even there are countries who didn’t implement btc now it’s good to let them know that even without them BTC is able to create new ATH.

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December 29, 2019, 11:35:40 AM
 #74

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.

I would not agree that that BTC ETF, if one day be approved by the SEC, will have no effect on price. Most agree that it will have a very big impact on price, but that in the long run it will cause big problems. Futures and forks are already known facts that affect the market in the short term, but they quickly fall into oblivion.

One good post written by our admin theymos in response to Andreas Antonopolous :

Quote from: healingpainter
Andreas Antonopolous: ETF's are NOT good for bitcoin as the centralized custodian can decide what to do with the bitcoin they're holding.
Agreed, an ETF will almost certainly turn into a disaster at some point. The coins will be stolen, forks will be handled controversially, there will be issues with fungibility (eg. someone will "trace stolen coins" to the ETF's stash), the world will freak out when a bunch of retirees lose their life savings after doing the equivalent of buying BTC at $20k, etc. etc. It'll also get the sort of people who love regulation more into BTC, which is never good.

But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)

An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.

Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it.

Bitcoin is about to reach 80% dominance, crashing shitcoins to zero and still we watch and care about youtube shills that offer nothing to the community.
This is what needs to be fixed.

Fix it in what way? The only way is to completely ban everything related to crypto on YT, but it's not a good solution. I agree that most of these videos just mislead viewers, but still, everyone should try to understand how today's marketing works, not just on YT, but on all other media. Everyone has to choose when investing their money, every coin has its risks, and so does BTC. Far greater security is when investing in BTC, because there is some sense and purpose behind this project, but if one wants to invest in Cardano or ETH, let them learn from their mistakes.



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Pinkris128
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December 29, 2019, 12:24:34 PM
 #75

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
In my own opinion, if bitcoin never reaches the new ATH next year or in the future. I think a lot of people would really stop holding bitcoin because most of them are expecting that bitcoin would have a new ATH. But for sure bitcoin will reach the new ATH because there are a lot of people who haven't use bitcoin, so bitcoin would increased it's price much higher than we expect.
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December 29, 2019, 12:28:22 PM
 #76

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
In my own opinion, if bitcoin never reaches the new ATH next year or in the future. I think a lot of people would really stop holding bitcoin because most of them are expecting that bitcoin would have a new ATH. But for sure bitcoin will reach the new ATH because there are a lot of people who haven't use bitcoin, so bitcoin would increased it's price much higher than we expect.
Uhmm not necessarily, there's many reasons why bitcoin might not potentially climb back up to the new ath, ever. First of all, potential bugs in the code, like the inflation bugs that happened twice already. This can lead to people not trusting bitcoin and selling it off. Moreover, if most governments banned it, it would lead to a massive sell off and the crash in price. Then miners capitulating and selling off the btc for other crypto mining. The problem is that people take everything in bitcoin for granted, the fact that we made all time highs every three years, doesn't mean it has to happen again.

 
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December 29, 2019, 12:36:56 PM
 #77

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
In my own opinion, if bitcoin never reaches the new ATH next year or in the future. I think a lot of people would really stop holding bitcoin because most of them are expecting that bitcoin would have a new ATH. But for sure bitcoin will reach the new ATH because there are a lot of people who haven't use bitcoin, so bitcoin would increased it's price much higher than we expect.
No thats not will be a reason for stop holding bitcoin, if you are holding bitcoin just for profit then you are just investing just to earn  money and not for the technology behind it. There is something wrong with this idea people buy bitcoin not only for profit but because its usable as currency and you can easily send money any where and any time without the need of 3rd party.

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December 29, 2019, 12:53:32 PM
 #78


No thats not will be a reason for stop holding bitcoin, if you are holding bitcoin just for profit then you are just investing just to earn  money and not for the technology behind it. There is something wrong with this idea people buy bitcoin not only for profit but because its usable as currency and you can easily send money any where and any time without the need of 3rd party.

Well, we can't force anyone to use bitcoin to be a currency. I did force someone to take bitcoin as payment but he doesn't want it. It is not the reason that it is a scam but with its volatility, he is avoiding that it might fall down and will lose his profit from what I've bought. It is usable as a currency but does all of the people think like that?

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December 29, 2019, 01:49:16 PM
 #79

i dont know if ATH is must for people to sustain their investment in bitcoin, there were lots of holders in the market are just only spectating in the market and there were no eagerness for the ATH because for me as long as the price are moving there is no reason for someone to panic.
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December 29, 2019, 01:53:29 PM
 #80

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
Confidence will surely lost specially if hodlers do wait up for too long or shall we say it take up for more years.Nothing is certain on any investment even though we do see the potential of crypto specially with Bitcoin.

What if it never reaches new ATH? We would stay on low levels but it would be good if its price is somewhat had some strong foundation which cant be easily be dumped nor manipulated but well
this thing i do ask is somewhat impossible.

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