What if Bitcoin never reaches a new ATH?

[bozicso]

I think it's a mistake that BTC only looks through the price. He needs to adapt in creating life. Make it normal to buy something with him. Nobody keeps a dollar or a euro because they think their value will grow

[thirdlight]

I think it's a mistake that BTC only looks through the price. He needs to adapt in creating life. Make it normal to buy something with him. Nobody keeps a dollar or a euro because they think their value will grow

I think that in order for Bitcoin to adapt in everyday life, it needs to be used in everyday life, which is not the case right now, Bitcoin needs to be regulated.

[Betwrong]

I think it's a mistake that BTC only looks through the price. He needs to adapt in creating life. Make it normal to buy something with him. Nobody keeps a dollar or a euro because they think their value will grow

In fact, many people are doing exactly that. Hundreds of millions of people in developing and underdeveloped countries are holding hard currencies, such as USD and EURO, because they are considered good as a store of value. And, indeed, their value is growing in comparison with local currencies. Yes, we need more adoption and utilization for Bitcoin, but there's nothing wrong in holding it as something precious.

Regarding a new ATH, I wish to all of us to see it in 2020.

[perla]

I think it's a mistake that BTC only looks through the price. He needs to adapt in creating life. Make it normal to buy something with him. Nobody keeps a dollar or a euro because they think their value will grow

I think that in order for Bitcoin to adapt in everyday life, it needs to be used in everyday life, which is not the case right now, Bitcoin needs to be regulated.

Really need time for bitcoin to be adapted. Especially with this condition which government really strict about it and others are blocked it. Maybe if superpower country start to support it, the others will follow to support and bitcoin can be legal in a lot of countries.

[longyenthanh]

If bitcoin never crosses its previous ATH then miseries of all those who bought bitcoin at ATH will continue, no else will be affected due to this. Since 2017 we are waiting for ATH of bitcoin but no succes. I am happy I am not the one who bought bitcoin when it was at its ATH. Make it a habit never buy anything when it was at its peak.

[davinchi]

If the price of Bitcoin doesn’t reach another ATH price then we are just going to keep making use of it as a method of transaction only, and btw that’s even the purpose Bitcoin was created for, we all know that it was diverted to use as an investment because of its volatile nature, if not it would have been strictly for payment.

Assuming that it becomes a bit stable next year, and bit volatile of course, I would like it that way. But, since we can’t really predict what the future has for us, we are just going to cross our arms and wait for what will happen. I personally believe 2020 will be a different year than what we had in 2018 and 2019. So, let's wait and watch.

[Blackdeath]

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?

We need to keep are hopes high that bitcoin will reach it's new ATH in 2020 or in the future because if bitcoin didn't reach its new ATH a lot of people would really upset and disappointed that they will stop buying bitcoin and they will lose their patience that they will sell it.

[trickshot22]

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.

[MuffinMaster]

Nobody knows about this question that is echoing since Dec 2017. Two years passed but bitcoin price went nowhere near to its ATH. This doesn’t mean that ATH is not attainable by bitcoin. Best way to keep moving with bitcoin is to define your own buying and selling strategy. Wild swings of bitcoin are always there to buy and sell while maintaining good ratio of profit.

[Silberman]

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"?!  

Bitcoin is simply too good to stop being adopted and used by people all over the world, as the political situation all over the world begins to worsen and their economies worsen as well we will begin to see people looking for alternatives to what the government offers and bitcoin will be there for them, also people are not going to go against what it is on their best interest if they have a neighbour that became rich because he invested in cryptocurrencies you can be sure they will try their luck with cryptocurrencies as well.

[the rise]

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.

adoption will continue to run well, but the sentiment is somewhat reduced and there are some manipulations that expect a sustained downtrend, they expect a market panic that always results in a recurring retracement. The most important thing is continuity to maintain a never-ending circulation, ATH will emerge because bitcoin can open people's insights about its advantages compared to fiat.

[Asuspawer09]

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?

In my opinion, through adaptation and implementing bitcoin in a lot of countries all over the world, I think bitcoin should reach the all-time high over time as the bitcoin community is getting bigger.
As the demand of bitcoin increases and supply is decreasing making the market price to pump it should reach and surpass the ATH price of bitcoin.

If bitcoin never reaches a new ATH maybe bitcoin was not a successful digital currency or cash in the market, right now bitcoin was already getting started and if it doesn't increase its price something is going to surpass it.

[Rosilito]

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?

That's completely a not-so-good mindset. Intelligent hodlers aren't settling for one option. You have to deal with bitcoin's price volatility, Waiting for a new ATH was somehow a good option but it wasn't as good as selling coins accordingly to the price movements as it gives you more options to take rather than just waiting for a once-settlement. In addition to this, it takes too much time (of course) that in such time length you might have probably earned some good-to-go profits, lastly you didn't have any piece of idea when ATH will come, right? What's much worse with this is that"what if Bitcoin never reaches a new ATH?" Then what would you do? as you don't have any sort of options or plan b.

[aomakun]

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.

adoption will continue to run well, but the sentiment is somewhat reduced and there are some manipulations that expect a sustained downtrend, they expect a market panic that always results in a recurring retracement. The most important thing is continuity to maintain a never-ending circulation, ATH will emerge because bitcoin can open people's insights about its advantages compared to fiat.

market manipulation that makes people panic, but actually it is very difficult to do market manipulation and is usually done by whales who have a lot of funds. but with pure market circulation makes it difficult for those who manipulate it. therefore panic should not occur, because what helps market manipulation is panic sell

[plvbob0070]

First, I believe that crypto adoption will continue to increase, so I will not believe that bitcoin will not reach its new ATH due to its limited number of supply. the math is very simple with bitcoin, price will increase as the demand increases and one thing that could drive a new ATH is the hype in the market and the whales still has the power to manipulate the price.

The whales always have the power to manipulate the market and the price so by just simply blink of seconds they can dump or pump the price of a cryptocurrency. There is always a way to hit the all-time high price of bitcoin just like what have you said in adoption. Years passed by and bitcoin was recognized, it will still continue. By just increasing the adoption of cryptocurrency we can now reach or set a new all-time high price.

[Edraket31]

I am willing to wait to see Bitcoin reached at the new ATH, it may not be this year or the year 2021 but fore sure that it will still come as the fame of Bitcoin is continuously progressing and adoption of it is continuously evolving all over the world. Worrying doesn't help at all, let's just do our part to market it.

[Abiky]

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?!!

For me, 2019 was still a bear market as Bitcoin didn't get past its latest ATH of $20k per coin. It was hovering between the $6.5k - $8k range during the course of the year. While I didn't invest into Bitcoin while it soared to $20k per coin, I regret myself not having sold my coins when they were that high. I could've made a lot of profit by then. Instead, I've "hodled" my coins as I believed Bitcoin was going to go much higher than that by 2018.

Anyways, it's 2020 now and prices are still below $10k. Maybe the next halving would trigger an increase in price? Because if Bitcoin stays at the $7.5 - $8k range, then it would turn out to be quite unprofitable for those mining it. Let's hope that won't be the case and Bitcoin soar towards new ATHs within the upcoming years.

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"?! 

That's certainly true, mate. I guess we'll have to wait and see what happens with BTC's price every 4 years after each halving of the block reward. If Bitcoin mimics Gold as a store of value, prices should definitely go up within a couple of years from now. Of course, we cannot deny the fact that whales and regulations manipulate the market in every way. I'm guessing that demand for BTC will grow as people realize the true benefits of the Lightning Network. No one knows what BTC's price will be in the future.

I've said "never" because it's taking too long for Bitcoin to reach at least $10k per coin. The high price volatility is extremely risky for any "hodler" today. Imagine if Bitcoin would go lower than $5k this year, instead of going higher by the next halving? Anyways, I think it's best to cash out to Fiat every once in a while and never have to worry about Bitcoin prices ever again.

[Betwrong]

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?!!

For me, 2019 was still a bear market as Bitcoin didn't get past its latest ATH of $20k per coin. It was hovering between the $6.5k - $8k range during the course of the year. While I didn't invest into Bitcoin while it soared to $20k per coin, I regret myself not having sold my coins when they were that high. I could've made a lot of profit by then. Instead, I've "hodled" my coins as I believed Bitcoin was going to go much higher than that by 2018.

Anyways, it's 2020 now and prices are still below $10k. Maybe the next halving would trigger an increase in price? Because if Bitcoin stays at the $7.5 - $8k range, then it would turn out to be quite unprofitable for those mining it. Let's hope that won't be the case and Bitcoin soar towards new ATHs within the upcoming years.

I personally can't see any problem here. Yes, if the price stays below $7,500 after the halving, it can be unprofitable to mine for those who have to pay above $0.05/KWh for electricity, and also to pay for rent etc. But it would be unprofitable for the current number of miners. If this number decreased  3 times, we would still have a secure blockchian, while mining would become 3 times easier.

Correct me if I'm wrong. Do we really need the current number of miners to maintain the high level of security?

[red4slash]

I am willing to wait to see Bitcoin reached at the new ATH, it may not be this year or the year 2021 but fore sure that it will still come as the fame of Bitcoin is continuously progressing and adoption of it is continuously evolving all over the world. Worrying doesn't help at all, let's just do our part to market it.

to target a new ATH on bitcoin it will be difficult to find certainty, but I am pretty sure that the growth of Bitcoin can reach the new ATH going forward. it's only a matter of time until the market shows a new ATH price on bitcoin, and for this year I hope bitcoin can reach a better price than now.

[fireball4]

I strongly doubt that. Bitcoin's price would undoubtedly once again hit an all-time high, but I believe it would come only when other governments decide to accept it. In the long run, this would certainly increase their use in the world and their quality. It definitely wouldn't happen soon, so holders should be careful and stay strong. Hopefully bitcoin will hit millions in the distant future.