What if BTC never reaches all time high?

[jacafbiz]

I do know for a fact Bitcoin would reach All time high again and even surpass it, but when this is going to happen is what I do not know. If you are a good trader you would know that the 13k, 9k 7k and 6k price floor are all Fibonacci retracement of the previous highs, I know some people do not believe in it

[hatshepsut93]

First, there's no such things as "second all time high", there can be only one all time high, isn't it obvious? The correct term should be "second peak".

So, what if Bitcoin never overcomes the all time high of $20,000? That would be quite bad for its price, because since it's so speculative, a lot of the current price is based on the hopes of reaching $100,000 or even higher. If Bitcoin will keep failing to break past the old resistance levels, it will trigger a bearish market when Bitcoin will have to defend its old support levels. So, trading below $1,000 would be very possible.

But, Bitcoin's usability as a currency wouldn't be affected. It would hurt its attractiveness as a store of value though, because a good store of value should be retaining its value and be predictable.

[eaLiTy]

Only pump and dump by whale price manipulators from now on but can only reach All time high again?

I understand your comparison but who cares if the price of BTCitcoin does not reach its all time valuation, is that the only reason we are into BTCitcoin , there is a big misconception in your comparison of a regional exchange to a global market and this is just a young market and keeps on growing and in the coming years we will see more investors in the market and that will help the market push to another all time high valuation but to expect the market to touch an all time valuation all the time does not make any sense.

But, Bitcoin's usability as a currency wouldn't be affected. It would hurt its attractiveness as a store of value though, because a good store of value should be retaining its value and be predictable.

The value of BTCitcoin as a store of value will be tested when the recession hits and with the situation we have right now we do not need to wait for a long time to test the waters as we might head into a global recession in the coming months and then we can very well claim how investors consider BTCitcoin as a store of value or a mere speculative market.

[LogitechMouse]

What a stupid analysis .

I'm not a good analyst but basing these 2 assets isn't worth it for me. Its just a coincidence. Tell this if there are other assets that are the same as Bitcoin and Nikkei 225. After that maybe some will believe in you. You also created a new account just to post this thread.

[jhonjhon]

Its going to hit the ATH. Don't worry about it, it will come you just have to wait. You'll have to wait til miners will only get few BTC on their wallet and they will just sell what they have for $20000 each in the market to cover their cost. That time will come whether we like it or not. The only we are doing today is keep accumulating or you'll run out of BTC to play in the market.

Let's have to wait by then. We are still in the crisis period and ain't to expect that the market will work that way, it probably after the war is over, Q3, Q4...things to see how the market behaves. Bitcoin move slowly backing up high, it sounds like we are in the recovery.
I hope that we are able to see another ATH but I'm not really crazy to think it always but rather to get surprised...

[GreatArkansas]

Its going to hit the ATH. Don't worry about it, it will come you just have to wait. You'll have to wait til miners will only get few BTC on their wallet and they will just sell what they have for $20000 each in the market to cover their cost. That time will come whether we like it or not. The only we are doing today is keep accumulating or you'll run out of BTC to play in the market.

It is easy to say, that we can see a new All-Time-High, but the OP want's to know "WHAT IF". Well, if that happens, for me, there's a lot of people who will get disappointed? Because some people expected Bitcoin is good for investment for the long term since the value of it is increasing.
But on the other side, there are also a lot of lessons we will get and lot of people will appreciate the really use of Bitcoin, that it's not only about the price of it.

[BlackFor3st]

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)

You have your point but in crypto world anything is possible and it is very hard to predict what will happen in the future that is how volatile the market it. So let's say that your statement is 30-40% right because in my side, I truly believe that bitcoin will create a new ATH in the next bull run.

But the main problem is we are not yet sure when is the next bull run to happen as many are waiting for this moment. 20k$ bitcoin price can be break easily especially if the big whales will take the lead and the small investors will follow.

[Reid]

Doesn't matter at all.
It is actually in a good number by now than 2 years ago.
It's better than gold or anything out there which are also just being bought as store of value.

Although, it should not be about the price anymore. It is about how valuable bitcoin is.
If only people could look at that way easier then perhaps all bitcoin supporters will be glad at it. It doesn't need to go 20k or even 100k.
It won't matter if the USD value also goes south.

[ballerin and giroud]

But you have to realize that bitcoin and tradition market in case stock market is different. Bitcoin should be mined first before it being traded on the market and its supply is limited, can give me one traditional market which has limited amount? There is not, most of them are managed by its creator. This limited amount will help bitcoin price going to up even more then its all time high. When many people are trying to hold their bitcoin that they have then the chance for its price increase is widely open. Moreover with halving event factor it will be the second factor that help bitcoin is up more then its priviously all time high.

[kotajikikox]

it is not fair to compare stocks from from Crypto market because we have different approach and market.

but if BTC won't reach another record?i believe it doesn't concern us at all because we have been in lowest market level for couple of years now so it is not the top value again but at least make some good move up to prove that market is Healthy and there is a bright future ahead of all.

[samcrypto]

Time can tell and we should calm down and don’t think too much, if bitcoin can’t reach another peak then so be it we cannot force bitcoin to hit a new $20k mark or more. If there’s a great demand then we have a better chance, but right now we have to be wiser and make no panic at all. If you believe on bitcoin that’s good because for me, bitcoin will continue to improve our lives and I’m confident bitcoin will make a new peak even if its take another decade.

[Assface16678]

Time can tell and we should calm down and don’t think too much, if bitcoin can’t reach another peak then so be it we cannot force bitcoin to hit a new $20k mark or more. If there’s a great demand then we have a better chance, but right now we have to be wiser and make no panic at all. If you believe on bitcoin that’s good because for me, bitcoin will continue to improve our lives and I’m confident bitcoin will make a new peak even if its take another decade.

If the market price does not become volatile and does not have any move or changes it does not become a good market price because the reason why does it become more stable is because of the trading and transaction always happen and collected by the blockchain to make the accurate calculations of the total market price. Also if we want to make changes in the market we need to contribute all to have a lot of trading also if the whales now will release the huge amount of coins there is a huge change too and we are looking toward to the market price of 20k dollars but still, it takes a lot of time before it happens in make a huge comeback to the income of the bitcoin market price.

[Akiko]

it is not fair to compare stocks from from Crypto market because we have different approach and market.

but if BTC won't reach another record?i believe it doesn't concern us at all because we have been in lowest market level for couple of years now so it is not the top value again but at least make some good move up to prove that market is Healthy and there is a bright future ahead of all.

The value of it right now is much better compare to what is the price of bitcoin in 2016 which is around 1k$ so this current value is not that bad after all. If we cant get another ATH its not a big problem as long as the value is still alive and we can use it as normal currency and can easily convert to fiat money there is no problem.

The only problem if the will continue to decrease then that's means adoption decrease also.

[Sanugarid]

Bitcoin will make a new all time high, this is just a dump history of bitcoin and I’m confident for the better days will come in time. Bitcoin will stay with us, and it is meant to become a better currency online which we can use without spending big money on the fees. Bitcoin is bitcoin, it will rise again and for sure $30k will be the new target for bitcoin.

Yeah, just speculate and claim it that bitcoin will go over all time high or at least make it to last all time high, or at the very least pass the $10K range. I know these past few months are getting hard for 2020, bitcoin shows dump that might be actually because of the corona virus, we can't really tell, but I'm sure there are people who are waiting for the time, the exact moment to inject before halving. There will be a point where the will start to run skyrocketing the bitcoin price. If bitcoin does not get that then it might be another year of waiting.

[pawanjain]

Bitcoin should be known for it's decentralized distributed payment method and not for how high it's price can go.
Although there is one huge benefit of the high price of bitcoin that the higher the price of bitcoin the less number of Satoshis we would use for the payments and hence we would be saving the rest of it. The more Satoshis we save right now, the more profit we will have out of it in the future.

[Kez1817]

If Bitcoin never reach all time high again,it's fine as long as it is useable as decentralized digital currency and still have a great value. The value of bitcoin is different from the stock,so the comparison of bitcoin all time high value and Nikkie225 is just coincidence.

[moonblocks]

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)

What if Bitcoin never ever supersedes its prior ATH of $20,000~ odd well that's something no one can tell because there's no crystal ball just intelligent charting and lots of optimism, however, there's potential in it at least having a moderate impact in traditional markets over the next couple of years if the economic climate worsens globally eventually there'll be less alternatives to turn to and hopefully this asset will be one of them because just a small amount of capital from the trillion dollar markets would see it climb to new highs provided the global outlook doesn't get too gloomy else we'll have a $1,000 bitcoin on our hands but I doubt that will ever happen

[Alanin]

how can there be a "second" all time high, when its called "all time high"? 

[princerepon]

First silly thing you made to compare between stocks and crypto currency. And in my opinion i can't see any single point why btc won't reach all time high price again..? We all care about btc price because we all want to earn profit from it. But i will love to say that people should focus on btc as a decentralized payment system over centralized fiat money.

[CaVO32]

it is not fair to compare stocks from from Crypto market because we have different approach and market.

but if BTC won't reach another record?i believe it doesn't concern us at all because we have been in lowest market level for couple of years now so it is not the top value again but at least make some good move up to prove that market is Healthy and there is a bright future ahead of all.

I think it is only a coincidence that their percentage matches. what about others? So i don't think btc will follow its movement. We can never tell if btc will not achieve its ATH again. We have long years of adoption already and as it sits, the adoption is slowly growing so the likelihood of increasing btc's value is very high. People should not be too pessimistic.