The last time we saw 16K on Bitcoin price

[sapnu]

As fas as I remember, the last time that bitcoin reached $16k is in the year 2017 wherein every projects that time succeeds. Different platforms and blockchain technology is being proposed and there so many investors who are really supporting every promising project. Every ICO that time succeeds but still there are some scam projects that time so I am careful joining particular signature campaign to join so that my time and effort is worth it.

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[SirLancelot]

People have been saying this same thing for a long time now, so there is nothing new about it. It’s like something we all knew was going to happen, no matter how long it was going to take we knew that the price will eventually increase later on after it fell in 2018, and that’s what is about to happen this time around.

I was not even expecting it to be this high this year, because right from time what I had in mind was that 2021 was going to be the year that we will see the price increasing this high, but it seems things have changed and 2020 will likely be the year.

[otto2012]

Bitcoin is $16,800 and rising. Where do you expect the next stop to be? Any pullbacks?

[CryptopreneurBrainboss]

History repeats itself often, we have seen Bitcoin at 10k on several occasions, possibly in the next $ 16k price zone.

I'm thinking bitcoin crossing $20k wound be one of its biggest challenges of 2020 if that can even be achieved before the year runs out. We might experience similar price reaction like we experienced at $10k that saw the price struggling to break out with the $18-19k trading price. Bitcoin haven't left the $10k zone yet we might still experience that price in future especially when there's a retraced.

I remember when the story was the $5k price zone was never to be experience after an astonishing 2017 bull run but it all shocked the industry when the corrections took the price below that mark.

[rodskee]

Since the last time on 2018 when was 16K many shit/alt coins we changed in price some of them are fallen down and some others are still rising. As you may know, Bitcoin could recover a huge part of price fall after 2017, but many other big shitcoins still couldn't recover. That's reason why we love it.

Chainink

2018
1.04$
2020
12.89$

Ripple

2018
1.87$
2020
0.25$

Litecoin

2018
239$
2020
65$

Ethereum

2018
1337$
2020
463$

Actually I don't believe in the word "We Love It" because we are only buying coins make money and not to truly support those coins.

But on the other hand it is better that we have this treatment so we won't be engaged too close to each coins we are buying instead
we are always ready to release in any point.

today Bitcoin is trying to break the $17,000 barricade as we can see the price now is $16,700+ too close for the next level and to finally
create a new ATH either this year or the next.

[traderethereum]

The probability for bitcoin to recover by the end of this year still high considering how the market still in a bullish condition, today bitcoin will retesting $16,5k resistance, if it works then $17k is closer than what we may think. 2021 and 2022 will be a different story for bitcoin, depend on the new ATH, probably $25k or $30k, the correction may cause a big dump to a certain level but it should be able to recover faster than the last time. hopefully, we could see bitcoin reach $50k by the next year.

With the price now at $16,500-$16,600, I think we will see the $17k almost at the end of this month because the price is moving too high or down too low.
So we need to give it up more time for bitcoin price to increase, and maybe there will be a pump for bitcoin to jump to the $17k in shortly.
I guess that the new ATH can be at $25k-$35k or even higher because the last ATH will be at $19k, so the price could be double at the last ATH.
But that could be wrong since that is the only a prediction because people predict that bitcoin price can be at more than $50k.
But we need to be careful with the correction because the correction can be too deep before the price increase or jump to a high level.

[imstillthebest]

As you may know, Bitcoin could recover a huge part of price fall after 2017, but many other big shitcoins still couldn't recover. That's reason why we love it.

Actually I don't believe in the word "We Love It" because we are only buying coins make money and not to truly support those coins.
But on the other hand it is better that we have this treatment so we won't be engaged too close to each coins we are buying instead
we are always ready to release in any point.

thats it . you love to make money , you love when the price of the coins increase but you dont literality love the coin by heart . thats was yours decision but we also have ours . i believe the op was talking to btc . he loves the fact that btc can recover after any dump .

 btc isnt just any other ordinary coin but btc was loved . its okay if we wont treat the same to other coins but loving btc as a whole is a must thing to do as a cryptocoiner - bitcoiner .

[blckhawk]

Some good comparisons there OP. Compared to some of the other altcoins, Dogecoin actually hasn't done too bad in the past 2 year period.
Dogecoin November 1, 2018 High- $0.004 USD
Dogecoin November 1, 2020 High- $0.0029 USD
Source: https://finance.yahoo.com/quote/DOGE-USD/history?period1=1447459200&period2=1605312000&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true

Personally I feel that anything other than a very short term investment with altcoins is highly risky. Most altcoins are very influenced and affected by Pump & Dump schemes and unless you are able to watch the market for your altcoin holdings nearly 24/7 you are likely to miss out on the highs and lows. For instance you could be away from your phone/computer for 24 hours and have missed your altcoin catapulting to its All-time High and then dropping down to its All-time Low shortly after once all of the big traders/holders dump their coins.

And that could be the evidence that not all altcoins were shitcoin. Yeah, they haven't recovered as Bitcoin did right now but I believe that there is another season for them, it is just it isn't their time.
Now getting back, that is the reason why most of my holdings are in Bitcoin. The fact that Bitcoin is the most popular coin among all the cryptocurrencies that is why it getting much attention and being purchase by newcomer investors. The number of users is increasing and giving the reason for its demand to increase as well, in addition, those companies who are venturing to the use of Bitcoin makes a big impact as well.

[samputin]

It's hard to believe that bitcoin reach 16k$ once again but I guess this could only mean one thing for most of the investors, surely the potential for profit is high, Bitcoin market price could easily skyrocket up to 20k$ hopefully in the coming months.

~

I read somewhere that it will actually happen maybe next month or Q1 of 2021  and I believe in that, that's why I am holding my money now and wait for it to pump because I feel it! 20k is coming, maybe it will go some dump now but eventually it will go higher so keep your bitcoin now, get away to some fud and trust bitcoin.

Personally, I don't focus much on bitcoin's price. I mean, if it's down that's okay. And if it's going up, then that's better. I just don't take a look at it from time to time just so I can avoid getting sad if the situation is the former.

But earlier today, I checked my bitcoin wallet. I didn't know bitcoin's price is at 16k that's why I am so shocked that my money there increased pretty good. I actually cursed upon seeing it — curse of joy, though. And at that moment, I became so excited. I'm also holding my money and I really do hope it reaches 20k! Looking forward to seeing that.

[Ratash]

Its true a lot of these altcoins that we thought they could challenge bitcoin have lost some of their values and could not recover from the price downfall but  some of them maintained their value like eth because its still needed as the father of erc20 tokens and i think it will go back to the same price as 2018.

[ufaiz50]

We now have to look up and the upward trend has now started well in the last period. Just had a small dip earlier this year, but fully recovered now.
I think we should now look towards the 20k and then quickly to the 25k.

[Ridwan Fauzi]

Chainlink has been rising just because its DeFi system, we don't know how its price now if it just like another altcoin. Because, as you may know DeFi system is booming right now, it likes ICO when bull run 2017 ago.

Bitcoin has given a signal that it is not a ponzi scheme or bubble like many people think. Because if they think that bitcoin is bubble then its price will not recover as we can see now. Bitcoin is like gold, the dumped price 2017 ago just a beginnin, there were still many people who reluctant against it. But, now I guess there is no people who will think that bitcoin is bad.

[Yamifoud]

This year is totally different from what the crypto market had shown before. The market recovery is very slow even Bitcoin had also experienced such struggles.

Just TBH, the crypto market now has failed to fully recover this time, or even we think that we are already in the bullish season.
BTC did the rising trend but wondering why altcoins are still in the deep and the sad thing is that even potential altcoins haven't even stepped outside from the red line.

And if we look at OP, it is clear to see the huge difference in the current year vs last year.

[Pamadar]

This year is totally different from what the crypto market had shown before. The market recovery is very slow even Bitcoin had also experienced such struggles.

Just TBH, the crypto market now has failed to fully recover this time, or even we think that we are already in the bullish season.
BTC did the rising trend but wondering why altcoins are still in the deep and the sad thing is that even potential altcoins haven't even stepped outside from the red line.

And if we look at OP, it is clear to see the huge difference in the current year vs last year.

With a lots of new trneding projects, the money are splits from different projects.

For now this observation was true as we are not seeing any major bull run from the last ath of those known alts, not even bitcoin is really
moving strong, the bullish trend for bitcoin ain't affecting the alts communities that much, some are moving but still low in terms of last time high, though it's still early and we can't conclude what will be the next moves from those well known projects maybe it will breakout the same way from the last time bull.

[Yatsan]

The past will stay up in the past. There will be things will never get back again into the usual thing they looked way back years ago. The last time that we saw Bitcoin's price at $16,000 way back 2018 and now 2020 where the price rises up and exceeds that price mark, there are altcoins that on 2018 that managed to keep up cannot do the same thing again this year 2020 like what the Bitcoin have done to recover. We can see the difference between Bitcoin and Altcoins when it comes to recovery but those must not be served into comparison for they are different quantities having their own identities. It is just a matter of demand, volume, popularity and other contributing factors that enable a certain coin to do recovery or just remain the same even after the years that have passed. The experiences we have with those shit coins will serve as a memory or lesson that we must be picky on the coin we will get engage with to avoid the same thing to happen once again.

[mangsitin]

everyone doesn't like shit coin.  Bitcoin is the priority of the whale.  I see, now the whales are controlling the market.  shit coin did not follow bitcoin's volatility, in 2017, some small coins like Flixxo followed bitcoin price, but now Flixxo is falling and has no value.  Bitcoin charts today are like charts in 2017.

[lienfaye]

Bitcoin and altcoins has different uses and its base on their supporters if they think the specific coin is worth to buy and hold. Majority of altcoins cant even reach half the price of their last ath but its not a problem since we can choose where we want to invest our money to the coins we believe in.

Bitcoin is undeniably the most reliable coin for investment. It can turns up and down but will surely recover even it takes time. Better to not look on the price. If you truly believe in btc even the price is in dip you'll buy because you're confident for its future.

[dunfida]

The past will stay up in the past. There will be things will never get back again into the usual thing they looked way back years ago. The last time that we saw Bitcoin's price at $16,000 way back 2018 and now 2020 where the price rises up and exceeds that price mark, there are altcoins that on 2018 that managed to keep up cannot do the same thing again this year 2020 like what the Bitcoin have done to recover. We can see the difference between Bitcoin and Altcoins when it comes to recovery but those must not be served into comparison for they are different quantities having their own identities. It is just a matter of demand, volume, popularity and other contributing factors that enable a certain coin to do recovery or just remain the same even after the years that have passed. The experiences we have with those shit coins will serve as a memory or lesson that we must be picky on the coin we will get engage with to avoid the same thing to happen once again.

Past would  really be past but people cant avoid not to look up on what happened wayback and presuming that it might happen in the present.
We have seen that those coins that had pumped out in 2018 had never ever the chance on recovering on the same way on where bitcoin is
trying to achieve now which do prove out that bitcoin is mainly being supported by many and alts would remain alternative in the end of the day
but somehow they are still trying to reach those ATh's but its still way too far off.

[24Kt]

Bitcoin and altcoins has different uses and its base on their supporters if they think the specific coin is worth to buy and hold. Majority of altcoins cant even reach half the price of their last ath but its not a problem since we can choose where we want to invest our money to the coins we believe in.

Bitcoin is undeniably the most reliable coin for investment. It can turns up and down but will surely recover even it takes time. Better to not look on the price. If you truly believe in btc even the price is in dip you'll buy because you're confident for its future.

Most alts can't recover as they have no use case in the first place. Most alts were created to fund the pockets of the devs. So once they hit the exchanges, the price is in continuous decline, with no sign of recovery. Only those with real applications and continuous development will survive and that is small in number. Whereas, btc, will go up and down in the market but this one will always be the number 1. And seems that we will 20k very soon.

[crossabdd]

yes, because bitcoin still hasn't reached the top. so altcoins, especially old altcoins, are still not going up. it is different from altcoins like the link which was released in late 2017. where the price fell has started. but $link succeeded in making the project grow and develop in the 2018 when crypto crisis. so that it was able to survive. while old coins had made a lot of growth before 2017. nowadays altcoins like XRP, Litecoin, stellar, Xlm like are losing their volume. as many investors move to new, more rapidly growing projects