What if BTC never reaches all time high?

[JustFFFgame]

What if BTC never reaches all time high?

Look what happened to Japan stock index Nikkei 225:
https://adjusted-for-inflation.com/japanese-stock-market-nikkei-225/

It peaked in year 1990 at 38800 and only managed to get back to 24800. Now it looks likely it will never reach its all time high anymore.

Now let do a simple comparison:
Nikke 225
All time high 38800.
Second All time high 24800.
Second All time high to All time high ratio: 24800/38800 = 64%

Bitcoin
All time high 20000.
Second All time high 13000
Second All time high to All time high ratio: 13000/20000 = 65%

We can see that their Second All time high to All time high ratio are almost the same.

Is that the same pattern bitcoin will follow? Only pump and dump by whale price manipulators from now on but can only reach All time high again?

Do you own research on the Nikkei 225 index historical patterns and make your conclusion.

(you can view detailed Nikkei 225 index data here: https://www.tradingview.com/chart/?symbol=TVC%3ANI225)

[pooya87]

it would be a great day because you will finally realize that bitcoin is not defined by its price but by the utility that it provides as a decentralized payment system.

[oilton16]

 ???I don't want to admit it but second all time high now would be also fine

[Meowth05]

It could be a coincidence, NK225 is a Japanese stock so maybe there must a reason that it didn't reach is that there must a timeframe that is so long that we may not reach because we don't have the patience. Bitcoin on the other hand is more currency sided which means that its price will surely skyrocket but not that much and we also have to wait for it.

[barto123]

Bitcoin should never be put in the same category as stocks. Stocks are an IOU that you own a share in a company. Bitcoin is like having something physically valuable in digital form, which can be easily divided then transacted or traded.

In my mind Bitcoin's price is either going to moon like crazy and eventually become the global reserve currency & digital gold or die a horrible death. You could say the risk of the investment is binary (1 or 0).

In a Bitcoiner's eyes, the chance of it succeeding far outweighs it's death. Bitcoin has been designed to be extremely robust on the internet (Distributed, Decentralized, Neutral, Censorship resistant etc). It has an 11 year track record of being extremely bullish. It's overall growth of development, infrastructure, adoption etc is not slowing down.

I personally think after you've done a certain amount of research, your decision will become very easy to make.
You will eventually come to the conclusion of BUY, HODL & continue to stack sats (DCA - Dollar cost averaging).

Short term price movements are a distraction to shake you out.

[mk4]

I heavily doubt bitcoin wouldn't reach it's previous ATH; it's mostly just a matter of when. But if not, let's say it's been a hundred years and bitcoin still didn't go back to $19,800+, then fine. As long as Bitcoin remains a decentralized currency, I don't see the problem.

Also, why are we even comparing bitcoin to stocks?

[NeuroticFish]

What if BTC never reaches all time high?

If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...

[arwin100]

What if BTC never reaches all time high?

If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...

Yeah right there's no big deal for that since imagine how big the calamity happening right now and provably all people are in recovering phase since most of the people are gaining back their normal life together with their crypto activity so even if bitcoin didn't reach for ATH still this is the top coin on the space and the earning potential never stops there.

[bittraffic]

Its probably because of the trading platform today that were created for milking from the market like the BAKKT using their imaginary coins and the options trading but if the halving will really act as the catapult for the bulls, we may beat that $20k again. The coins are very limited, the supply will run out when these coins reached into the hand of the holders.

[carlisle1]

What if BTC never reaches all time high?

Who cares?Bitcoin will remain Bitcoin even if there is no another ATH sooner.

Bitcoin has been a Symbol of Financial Freedom for more than 10 years and there is no need to rush about the Price since this is not the true meaning why this is created instead this is a currency and not a store value.

and what always made me think is a Newbie account with single post bringing issues like this?whats the intention Behind this?

[buwaytress]

it would be a great day because you will finally realize that bitcoin is not defined by its price but by the utility that it provides as a decentralized payment system.

Sadly, or not, that great day will likely never arrive for most people already hopelessly fixated by price. If they haven't already understood and fallen in love with bitcoin for aforementioned reasons today, I doubt they can ever find the will to do so. That's why speculators be leaving and coming in waves.

[jossiel]

We will never know but like pooya mentioned it's not about the price but the development that it has for being a payment method. That would be a great day to see most of the countries start using it.

We'll just think of the price secondarily.

[Akiko]

It doesnt matter if btc will not reach his all time high. The use of btc is more important than the price as long as it has a value and still usable as payment option then its ok.

Those people waiting for ATH is those persons who only want to earn and not want to use it as normal currency that can be use any where in the world.

[Reatim]

Comparing Bitcoin to Stocks is a Foul because both are too different thing.

But if ever happens that we did not reach the High price like what we have in 2017 even we have halving season now?this is normal since there is a Pandemic now.

but i know after this the effect of Halving will be in place and we will see growth again even if some thinks it will be late compared to the past halving seasons.

[Artemis3]

We will never know but like pooya mentioned it's not about the price but the development that it has for being a payment method. That would be a great day to see most of the countries start using it.

We'll just think of the price secondarily.

Never say never, but no one said it had to be "soon", it could take years, or the USD may collapse tomorrow for the inducing inflation of printing trillions of extra dollars that did not exist before.

While i understand the intent, what pooya said is silly. Bitcoin will always fluctuate, but less and less over time. It will also keep climbing, also slower over time. This is why i am sure it will eventually breach that 19.8k price, tho it might not be soon.

And no, people will not wait until bitcoin magically stabilizes (it never will) to use it. People are already using it, you just have to abandon all your Chicago school of economy misconceptions; it is easy to use a coin that doesn't lose value over time: just use what you need and keep the rest safe. No debts, no banks. Logically, prices and wages will go down too naturally as the coin gains value. Prices in a free market are never fixed, periodically contracts are renewed, etc.

[Slow death]

???I don't want to admit it but second all time high now would be also fine

why does it matter so much? if you take advantage of price fluctuations you will have a lot of profit. Now if you are just following the path of Hold, then you will have to be patient and wait at least 2 years to see the price again reach $20,000. I believe that in 2 years we will see the price reach $20,000

Is that the same pattern bitcoin will follow? Only pump and dump by whale price manipulators from now on but can only reach All time high again?

there are many investors who are buying bitcoin, if the price dropped a lot it was for the same reason that it caused other markets to fall. I believe you know that

[panganib999]

What if BTC never reaches all time high?

If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...

Yeah right there's no big deal for that since imagine how big the calamity happening right now and provably all people are in recovering phase since most of the people are gaining back their normal life together with their crypto activity so even if bitcoin didn't reach for ATH still this is the top coin on the space and the earning potential never stops there.

Yes I think for now, just imagine what are the possible things that would happen like the mega dropped and reaching the highest rate, anything are possible. But the real good thing is that Bitcoin is unpredictable where you can watched it to gained and lost hundreds it means there is a high possibility that it could still reach it's high rates from the bottom. But for now, as this pandemic still arising no one knows what will happen in the next few months so let's just have faith and patience on this that everything will be back to normal. Wait until BTC, stabilize itself. Yes indeed our environment or this crisis did affect bitcoin hard but it should be normal to us because if you know the market you are in, you'll just be calm and waiting for a great opportunity in bitcoin.

[valuater]

What if BTC never reaches all time high?

If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...

Indirectly, bitcoin has its own uniqueness compared to stocks like Nikkei, because the movement of bitcoin triggers only from speculators who are selling and buying, so as long as speculators still do that the same thing will continue to happen.

However, there is a different view this year when the movement of the exchange is too weak, but bitcoin can still be stable at the price of $6000.

I think the price of bitcoin will soar soon, because some countries are not impossible to legalize bitcoin as an alternative to keeping the price of the country's currency stable.

[20kevin20]

Makes no sense to compare BTC's price evolution to the Japanese stocks. That's pure coincidence. If Bitcoin never reaches ATH, nobody will put their money in BTC anymore to get rich overnight so it's partially a good thing. On the other hand though, that means there isn't demand for it. With decreasing demand, the utility of BTC is decreasing too..

Just sit back and wait. Anything is possible but I doubt BTC will never peak again. Remember, we're witnessing TRILLIONS of dollars pumping into circulation..

[michellee]

I think Nikke and bitcoin are not the same, and both Nikke and bitcoin don't have the same pattern. I think that happens because of a coincidence if you see the same pattern. I believe that bitcoin will reach ATH again in the future, and if that is not happening this year, bitcoin still has the future, which we don't know what will happens with bitcoin. It is better you watch the bitcoin journey and enjoy the ride while you can still buying bitcoin from now on before the price start to increase.