Bitcoin might never reach it's ATH anymore

[Botnake]

Maybe this topic is not in a good timing, bitcoin is bullish now, it has breached the $10k mark already, and slowly it's building a FOMO.

Again, we are in the situation where bitcoin will try to break the heavy resistance, if it can do it, then expect a possible FOMO and the timing was really good as we might end up this year with a new ATH in case that would happen. I have no doubt with bitcoin now because looking at the global market, crypto stands out against the stocks and this should be seen as a positive news for us and be bullish expecting bitcoin could potentially surprise us again.

[lienfaye]

The price of bitcoin does matter for holders, though it is created to be an alternative for fiat currency, we cant expect everyone to use it mainly as digital currency since some of us buy or the main purpose of owning bitcoin is to make money. The volatility is good because that's how we can earn from it but saying that it wont reach the last ath again has no certainty, the market is unpredictable so we really cant say.

[bittraffic]

I thought the breakout will happen in the Q4 of the year.
Now that the price keeps going up, the Defi projects are also dipping, I think this is how the pumping will arrive to its ATH again. Once the pumping stops the Defi will once again rise up, this will seem to be an endless pumping. It will reach its ATH in time. There is just time to wait before it reaches there.

[ancafe]

i won't think that bitcoin will not reach the ATH last 2017 coz we don't know what will happen in future. No one can ever predict it. If mass adoption will happen, there is a higher chance of a possible ATH in the coming years but we have to be patient. As long as there is a market, traders and people who get interested with cryptocurrency then there is a chance.

ATH bitcoin is indeed very high when viewed from current prices, but I am not sure that there is no chance to reach a new ATH. Well, for now, I also don't want to think about this, because we can see the real opportunity at the end of this year. if the price of bitcoin can reach $ 16k, then the opportunity for a new ATH will be reborn.

[Yamifoud]

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

You can't either stop people to be bullish in mind, though the reality isn't it and they are actually wrong but that it gives them encouragement. Maybe a lot of people think differently and we can't have them all to think the same (bearish minds, better to be bullish instead).

I consider myself being a bullish person but not that much to think about $100k, $500k, or more...I was looking for another $20k, maybe it wasn't bad at all and besides, it is near to reality than those I've mentioned above.

Recently, we have a breakthrough at $10k, and the good thing is that it keeps that level until now. I'm not sure will be the start for Bullrun but I was then very optimistic to see it in awhile once again.

[mintme.com]

It simply doesn't matter how much it will be worth, as long as it replaces global finances or at least becomes sane alternative to them

[Velkro]

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

Nothing bad in dreaming big dream tho.
I think with volume money is printing nowadays Bitcoin can easily reach 1 million USD but then it won't be as much as you feel it is today.
This is big catch here , anyway, Bitcoin is for holding value, its great.

[michellee]

Right now, we see the new ATH for bitcoin price because the price can reach $11k, and we will see another high price, and that could be the next new ATH. Who knows that the price can still have more power to go up, but we must be careful because the correction will come after the price reaches the high price. People need to get out for a while if the correction so they can buy back bitcoin again at a low price.

[Shasha80]

Don't be pessimistic about the price of Bitcoin, moreover have the assumption that Bitcoin might never reach all time high again.
Don't have negative thoughts like that, right now the price of Bitcoin is back to $ 10,900. This means that the Bitcoin price is
just a little back to the all time high price, there is even a possibility that it will reach new all time high. We just need to be
patient and from now on continue to collect as much Bitcoin as possible.

[bryant.coleman]

Right now, we see the new ATH for bitcoin price because the price can reach $11k, and we will see another high price, and that could be the next new ATH. Who knows that the price can still have more power to go up, but we must be careful because the correction will come after the price reaches the high price. People need to get out for a while if the correction so they can buy back bitcoin again at a low price.

Actually we were expecting a similar spike in mid-May, when the block reward halving kicked in. For some unknown reason, the block reward halving didn't resulted in any spike back then. A number of reasons were given, such as the impact from the ongoing COVID 19 pandemic. But now I guess the impact of the block reward halving is starting to be felt at the market. And I hope that the current trend will continue for the next few months.

[bithisach]

Betcha op was not feeling the bull run that just washed over us. But not to derail into price discussion (too effortless), It's easy to overlook the good aspects of btc, it will ALWAYS have use, even if you yourself have stopped using it or perceive it as non important, it just means it has evolved. Personally I don't think I'll never not have use for bitcoin in my life. Even if it doesn't go to ATH again, I'll still partake in the ecosystem.

[TopTort777]

Bitcoin might reach ATH only if each country prints more fiat money and distribute them to locals. Without new or fresh money ATH is not reachable. Part of the World population tries to save themselves from covid-19 and economical crisys, others simply saving their asses. Bitcoin and cryptocurrency so far is not the object of prime necessity.

In 2017 crypto was hyped with ICO, not DeFi is trying to do the same. But not really succeeding in it. ICO used each and every crypto dev, but DeFi is not having such reputation and demand so far.

[michellee]

Right now, we see the new ATH for bitcoin price because the price can reach $11k, and we will see another high price, and that could be the next new ATH. Who knows that the price can still have more power to go up, but we must be careful because the correction will come after the price reaches the high price. People need to get out for a while if the correction so they can buy back bitcoin again at a low price.

Actually we were expecting a similar spike in mid-May, when the block reward halving kicked in. For some unknown reason, the block reward halving didn't resulted in any spike back then. A number of reasons were given, such as the impact from the ongoing COVID 19 pandemic. But now I guess the impact of the block reward halving is starting to be felt at the market. And I hope that the current trend will continue for the next few months.

But at that time, everything was changed, and the situations are not looks as what we want. Covid-19 is one of many reasons why the spike does not happen in those months, so the price still moves as what we saw. But this end of this month, bitcoin give a good move and makes the price have a chance to break $10k, even the price can be able to break $11k. But we will see another correction before the price can increase again, and seems, the correction is already coming. The current trend will continue in the next months, and we will have a chance to buy more bitcoin.

[Memminger]

How could you be so sure about it we don't even know how much it could grow in the future.
We couldn't be so sure about it because the market could always go up or down anytime so we could never know if it would or even go over it's ATH.
You don't call this a price speculation but you are speculating the price of Bitcoin by saying that it might never reach it's ATH again.

[Debonaire217]

Most of the cryptocurrency scam schemes are comprised of paraphrase: "get rich quick", "earn as much as" and more. It is easy to do it with cryptocurrency mainly because most of the people didn't really know all about crypto, so with the curiosity, they might follow these scammers instruction seeing that these people looks knowledge for what they are doing but in fact, performing tricks to victims already. So without knowledge to crypto, it is hard to increase adoption because of this risk of getting hacked.

If we want to increase bitcoin adoption, we should be straight to the point, to attract people by teaching how to use bitcoin, and not as a quick rich scheme.

[mintme.com]

How could you be so sure about it we don't even know how much it could grow in the future.
We couldn't be so sure about it because the market could always go up or down anytime so we could never know if it would or even go over it's ATH.
You don't call this a price speculation but you are speculating the price of Bitcoin by saying that it might never reach it's ATH again.

Im not sure about the price, but I'm sure about it's use case. It was clearly written in Satoshi whitepaper and while obviously price speculation is part of it, it is not main part of it. And we should do the same if we want Bitcoin to succeed, make sure we of course look at price, but we don't focus only on it.

[Mpamaegbu]

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

Nope, it won't be any good. A major part of the excitement around Bitcoin is even the speculation of where price will move to at any point in time. Remove this speculation and you will have successfully killed that excitement. Come to think of it, price speculation is what drives any business. Bitcoin is a business (whether we like that tag or not) and price speculation is in order. Is there any businessman or woman who goes into a business venture without factoring in the risk involved? Here, risk is equated as gain. And gain is derived from price. It's that simplified.

[erikoy]

There is a lesser chance that it could not hit iits all time high because we do not really know its capability when the demand for bitcoin could not be measured. All Time High could be determine only if all the its potential users invest to it and it will reach the maximum market price that can never be beaten. The 2017 ATH is not really the ATH for me because it can be easily beaten if all the potential users will going invest all in at the same period.

[finaleshot2016]

There is a lesser chance that it could not hit iits all time high because we do not really know its capability when the demand for bitcoin could not be measured. All Time High could be determine only if all the its potential users invest to it and it will reach the maximum market price that can never be beaten. The 2017 ATH is not really the ATH for me because it can be easily beaten if all the potential users will going invest all in at the same period.

Since you've mentioned capability, so maybe there are still chances that bitcoin can still reach another ATH. Also, bitcoin price value have already surged again recently and reach the $11k mark, and I'm looking forward that this month, it can reach the $12k mark.

Bitcoin Statistic Hit A New High, BTC Surged 3.5x

Imagine if the bitcoin rallied again with a 250% uptrend that happened last year? Can we still say that it has a lesser chance for reach its new ATH?

[Eugenar]

The word "might" is simply the answer.
Bottomline is lack of assurance. No one really knows what could happen given how unpredictable the market is, in the first place so what more on its "content", referring to cryptos not only bitcoin.

Going back, Bitcoin's ATH is indeed far from its market value at this moment. Recently, there is an observable uprise movement in its price which lifted the hopes of the majority that its market price will again reach or even surpass is ATH, and there are people who are anticipating a sudden dump in its value, ofcourse planning to invest at a certain point, relating to what OP have mentioned-- this is already an speculation, regarding with the market value behavior to be more specific.

One could look at the future as something positive, and one could be pessimistic about it. The thing is that, no one has that assurance.