The problem is that it could take again many years to recover

[Tekunda]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

[1715691456]

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[Lucius]

I would expect a post like this from a complete beginner, but not from someone who has been a member of the forum since 2017. The cryptocurrency market is not as stable as, say, the gold market, so everyone should accept sudden price changes and not start immediately with stories that a bear market is starting.

We are in less than 1 year after halving, and in a year when institutional players are entering huge amounts of money into Bitcoin, so the best is yet to come.  Consequently, all those who want a more cheap BTC do everything in their power to create fear, uncertainty, and doubt (FUD) and thus lower the price. Judging by the comments I read yesterday and today, they succeeded in that - so everywhere we have questions about how long the bear market will last - and we are in the middle of a bull market that has experienced only a minor correction.

Recover from what? So at the beginning of the year the price of 1 BTC was around $30 000 - who with a little common sense can say that $55 000+ is not more than a satisfactory price at the moment?

[velosepur]

Hi, I fully agree. Stable? Not yet, cos we need much more time to get that moment. Every of us need to be smart enough to expect anything. Market is workin on ups and downs. Economy rule. cheers, good luck.

[aoluain]

Again, an irrational comparison between 2017/2018 and 2021/2022. The two time frames
are different, there is a different mix of people involved now compared to 2017. As @Lucius
has commented there are institutional investors in Bitcoin now and in 2017 there were none.
Institutional investors for the most part are using Bitcoin as a hedge against inflation, they
are not thinking of selling Bitcoin back into the very thing they are escaping.

There are plenty of people who are predicting that there wont be a bear market.

[DooMAD]

it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

So?  It's not a get-rich-quick scheme.  Stop treating it like one.  The function and purpose of Bitcoin is of greater importance than the fiat value ascribed to bitcoins.  The network itself has no concept of your desires for arbitrary round numbers with lots of trailing zeroes.  That's not a priority.

[virtualdn]

Sell all your Bitcoins now and take this thought off your chest. All good things in life take patience, you can't get rich over night. I'm HODLing since 2013 and haven't cashed out a satoshi. Is it hard? Yes. Impossible? No.

[bosede1]

As I was reading this post and ponder on it, I try to understand what you meant by it could take forever before it recovers from your point of view because really I am not getting the point you wanted to prove even during the dump from 2018 till late 2020 I don't think the topic really covers for it.

[headingnorth]

Bitcoin is already bouncing back from the latest flash crash and took less than a day to begin to recover not many years lol. Bitcoin does this kind of correction practically every month so if you don't have the stomach for it you should not be putting your money into crypto, or putting your money into anything else for that matter because everything goes up and down including the stock market. Even the strongest stocks like Amazon, Tesla, Apple etc, has a major correction every once in a while but they always bounce back.

[Fundamentals Of]

If you think this is the way that Bitcoin is going to take then sell your Bitcoins and have a life away from it. But if you don't care to die before Bitcoin will reach $100,000, then leave your Bitcoins to your family. In that way, you are saved from all kinds of worries and anxieties that are obviously troubling you now. You seem to be very emotional and without patience. Bitcoin is not for you if this is how you react every time Bitcoin goes through a correction.

[arabspaceship123]

As investors you've got to accept cryptocurrency markets are troublesome so you've got to think hard before investing. When prices crash it shouldn't be too long before they get to record highs because it's a repetitive cycle. To save from losses it's a matter of trying to sell before the crash.

One thing we've regularly seen with cryptocurrencies is prices will drop so Bitcoin, Ethereum and the rest of them will be affected. They've all been pumped and dumped but after Bitcoin had the record high of $64800 this month it's going to be difficult for many people to cope if the crash devalues Bitcoin too much.

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

[yazher]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Don't worry whether they will gonna be alive when the price reaches that high. Just think of the possible earnings you can get when the price will fall back this coming days and you buy some BTC and wait for it to rise again. that will surely happen because of the strange phenomenon that happened in the BTC market where the price won't gonna fall to zero. there's always a way to rise back again especially right now when the big-time companies are linked to the bitcoin economy.

[tranthidung]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.

The market has its ups and downs. Every market has its own cyclical periodicity. Bitcoin has a four-years periodicity and others have theirs that are different than 4 years.

So should this be the major, expected drop, it could again take many years for BTC to reach 100k.

It will but when? In this year or 4 or 5 years later?

Many people will be dead before BTC will reach 1 mio.

Do you really think so? Never. In worst performance, bitcoin will reach $1 million after 3 or 4 more halving rounds. I believe it will happen sooner, in the next 1 or 2 halving rounds (in 2024 or 2028).

$100,000 for this year, $300,000 in 2024 or 2025, and $900,000 to $1 million in 2028 or 2029.

[virtualdn]

Considering Mastercard will accept BTC later this year and the fact that many investors will join aboard, personally I believe it will reach $200K per coin before the end of the year. $100K will be reached before the end of July. These are my personal predictions and shouldn't be taken for granted

[AmoreJaz]

If you think this is the way that Bitcoin is going to take then sell your Bitcoins and have a life away from it. But if you don't care to die before Bitcoin will reach $100,000, then leave your Bitcoins to your family. In that way, you are saved from all kinds of worries and anxieties that are obviously troubling you now. You seem to be very emotional and without patience. Bitcoin is not for you if this is how you react every time Bitcoin goes through a correction.

what more can i say? i dont know why some people think that bitcoin seems to be at the dead end, just because it has this kind of drop? and the price is still more than 50k, which i think he has only seen this year. but people are complaining when this situation occurs and conclude something negative. definitely, it will happen as correction is necessary in the market. guess, some people just want btc to increase forever. if they feel this market is causing them anxiety or distress, yeah, better get out and encash your btc  

[Tekunda]

I would expect a post like this from a complete beginner, but not from someone who has been a member of the forum since 2017. The cryptocurrency market is not as stable as, say, the gold market, so everyone should accept sudden price changes and not start immediately with stories that a bear market is starting.

We are in less than 1 year after halving, and in a year when institutional players are entering huge amounts of money into Bitcoin, so the best is yet to come.  Consequently, all those who want a more cheap BTC do everything in their power to create fear, uncertainty, and doubt (FUD) and thus lower the price. Judging by the comments I read yesterday and today, they succeeded in that - so everywhere we have questions about how long the bear market will last - and we are in the middle of a bull market that has experienced only a minor correction.

Recover from what? So at the beginning of the year the price of 1 BTC was around $30 000 - who with a little common sense can say that $55 000+ is not more than a satisfactory price at the moment?

I don't think it has to do with being naive, if I state that - should we have entered a bear market indeed - it might take many years for a recovery.
I joined this forum in 2017 at the height of the 2017 euphoria, only to see the drop to $3700 and a long recovery phase.
I don't know if this drop is just a correction,or if we experience the same as in 2017/2018, but if we have entered a bear market, we can expect to see the same picture we experienced from 2018-2021. That was all. Short phases of "bitcoin mania", interrupted by drawn out phases of recovery.
Yes, you and many here are correct, btc is more a "generational thing" than a get rich quick scheme. For that, if you are lucky, you have the altcoin market.

[Beparanf]

The difference was, A lot of big player such as billionaires, company and institutional investors are already involve in cryptomarket compared to 2017 bull run which is purely hype by influencers and some famous people like McAfee. The current market is supported by an organic volume and not by a bubble volume. You can notice that whenever there is a massive sell off, Bitcoin always manage to recover strong since it break the 20k ATH of 2017.

[Fundamentals Of]

If you think this is the way that Bitcoin is going to take then sell your Bitcoins and have a life away from it. But if you don't care to die before Bitcoin will reach $100,000, then leave your Bitcoins to your family. In that way, you are saved from all kinds of worries and anxieties that are obviously troubling you now. You seem to be very emotional and without patience. Bitcoin is not for you if this is how you react every time Bitcoin goes through a correction.

what more can i say? i dont know why some people think that bitcoin seems to be at the dead end, just because it has this kind of drop? and the price is still more than 50k, which i think he has only seen this year. but people are complaining when this situation occurs and conclude something negative. definitely, it will happen as correction is necessary in the market. guess, some people just want btc to increase forever. if they feel this market is causing them anxiety or distress, yeah, better get out and encash your btc  

People are extremely greedy. They seem to want Bitcoin to just increase forever no end. They seem to treat Bitcoin as a mere money making machine that should not stop giving them easy money. What the heck!

March started with Bitcoin at $45,000. We are still in April. There is a correction which pulled Bitcoin's price down to around $53,000 and someone is already talking of a major drop from which Bitcoin would take years to recover. Such a joke! A big correction at $53,000 is something we should even be thankful of.

[dkbit98]

Many people will be dead before BTC will reach 1 mio.

So what?
Around 100,000 people die every day worldwide and almost none of them are thinking about Bitcoin, bear market, recovery or reaching new all time high, and you don't have some crystal ball to predict anything about future.
Correction in Bitcoin is expected to happen at some point and everyone will know when it comes, but I don't think you have to worry about it since you are mostly active in altcoins since 2017.
Zoom out when you look at Bitcoin chart.

[Lucius]

I don't think it has to do with being naive, if I state that - should we have entered a bear market indeed - it might take many years for a recovery.
I joined this forum in 2017 at the height of the 2017 euphoria, only to see the drop to $3700 and a long recovery phase.
I don't know if this drop is just a correction,or if we experience the same as in 2017/2018, but if we have entered a bear market, we can expect to see the same picture we experienced from 2018-2021. That was all.

I don’t know why someone is constantly going back to 2017 or 2018 and comparing it to 2020 or 2021 - and even if someone wants it then it’s completely wrong - because 2017 was the peak that followed the 2016 halving - and by that 2021 by no means can not be a year to expect what happened in 2018 - because as I wrote in a previous post, halving was less than 1 year ago.

What you call the bear market has happened several times this year, so I will give you some dates that prove it.

- February 21, 2021 - $57 700 -> February 23, 2021 - $47 600
- March 14, 2021 - $60 700 -> March 16, 2021 - $54 900
- March 24, 20121 - $57 000 -> March 25, 2021 -$50 900
- April 14, 2021 - $64 300 -> April 18, 2021 - $54 600

Source

Given the data I have shown you and given that the market is slowly recovering, can you now conclude that what happened yesterday is nothing new and does not deserve any panic or comparisons with 2017/18?

[7788bitcoin]

So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

If you think that you will be dead by the time bitcoin reaches a million dollar then it is a different emotion  . You cannot reach the conclusion that we are on the verge of a major correction as the market is showing signs of recovery and one thing i do think is that if there is a major correction then we should wait for another 4 years for the market to rally again. You need patience to make money and if you have that you are bound to be successful and probably make a fortune.

[jakelyson]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Probably true. Considering we will all be dead before the last bitcoin will be mined, then it is also possible that most of us are dead when it reaches a million dollar a piece. But since we also were here when it is just a few cents a piece, it is just fair.

These retracements is like a cycle in bitcoin. Just make the most out of it. Buy when it retraces and don't just wait for it to reach new ATH.

[hatshepsut93]

If that's a problem for you, then simply don't buy in the bull market, unless for short-term speculating, and accumulate coins during bear market. A lot of investors who joined in bull run are likely going to take profit during the run, instead of hodling for years and experience a crash like in the past. Risk and opportunity always go hand in hand, the point of investing is to find investments that have more opportunities than risks.

[Bitstar_coin]

Again, an irrational comparison between 2017/2018 and 2021/2022. The two time frames
are different, there is a different mix of people involved now compared to 2017. As @Lucius
has commented there are institutional investors in Bitcoin now and in 2017 there were none.
Institutional investors for the most part are using Bitcoin as a hedge against inflation, they
are not thinking of selling Bitcoin back into the very thing they are escaping.

There are plenty of people who are predicting that there wont be a bear market.

This is what many fail to understand,  2017/18 was then while 2020/21 is now, and from the look of things more influential investors are in btc now than before,  they will dip that is inevitable but it won't be as bad as back in 2017 neither will it take that long to recover or go to the next ath,
People will continue to trade and buy btc, they won't seat back and wait for the next 4 years before engaging in crypto.

[Woodie]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Are you implying any major retracements will take 4 years to make new highs??

I don't think so, FYI you can't compare how the crypto markets were back then when we had less player's on the market that could provide the liquidity to push markets high to what we have today, and afaik we have more people around the world aware of crypto which is a big plus and coinbase going public is another plus which will add to the crypto markets growth.

[Iranus]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

What situation makes you think like this? is Bitcoin breaks its support area? isn't Bitcoin bounced from here anytime? Even when Bitcoin was dumped in 2017, many said that Bitcoin would never be able to cross the previous ATH. Proving everyone's idea wrong, that bitcoin has now reached the quota of 60,000. Nothing is impossible for Bitcoin. Epidemics like COVID-19 has not been able to stop this growth of Bitcoin. So don't spread rumors, work for Bitcoin adoption and validation. It is hoped that Bitcoin will be officially accepted by Govt and Bank soon.

[fiulpro]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

But doesn't it give you the perfect opportunity to buy ? At the same time the big whales in the market are not going to sell right now for sure. What they have Invested in bitcoins is far too big to loose. They will keep on waiting for the time the BTC reaches an ATH again or at least near the previous one. So we should tread carefully around that point in the market, since this is not always going to be a good decision. Do keep a check on the market and be careful of the Manipulations. Holding is the way to go we have seen this time and again, I do think people would not just jump out due to a small downfall which is to be expected since the pandemic is literally stretching a lot. Let's see how it goes. The future is bright , it does not matter what the price is.

[Kasabus]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

What situation makes you think like this? is Bitcoin breaks its support area? isn't Bitcoin bounced from here anytime? Even when Bitcoin was dumped in 2017, many said that Bitcoin would never be able to cross the previous ATH. Proving everyone's idea wrong, that bitcoin has now reached the quota of 60,000. Nothing is impossible for Bitcoin. Epidemics like COVID-19 has not been able to stop this growth of Bitcoin. So don't spread rumors, work for Bitcoin adoption and validation. It is hoped that Bitcoin will be officially accepted by Govt and Bank soon.

Maybe the OP gets too emotional of this btc dropdown of price. But don't forget that bitcoin has always its roller coaster price changes because of its high volatility so we cannot expect that bitcoin will always stay on top. The price will definitely drop down like we have witnessed now. For old traders, this is not something new to worry about but for beginners, this will be a big threat for them to come up with panic selling.

[Henrobakkara]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

  A lot of people are already dead between yesterday to today and that dont have anything to do with whether Bitcoin will get back to $100k before a proper bear market or not. However it is not any time we see a correction, we scream bear market, all this shift are expected in the crypto market and if it so turned out to be the real Bear trend, then you know you most have been preparing for it all the while you where trading and dont be caught up. Lets not forget that this season, there where more Institution Investment into Bitcoin and other cryptos and I am hoping that this will change the nature of the length of the bear market if it does commence.   

[isaac_clarke22]

Well thing is that nobody knows as well how long should we wait.
Nobody knows what is in the mind of the investors and even whales if they would even try to take the opportunity or just completely get out of crypto at all, unless someone has the proper statistics on that kind of matter or topic.
Years is a quite a long time actually, OP.

[acroman08]

bitcoin literally had 3(not including this one) price dip this year and each time it dipped it would reach a new ATH, what makes this recent price fall so special that I see people already making assumptions that bitcoin will crash? also, I don't see why is it a problem if bitcoin would require years to recover if its price suddenly crash.

[kryptqnick]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You're right that the price might explode again and be followed by years of stagnation at a very low price level. However, I don't think it's really a problem. That's just how Bitcoin is, and it still manages to move forward. It takes 5 steps ahead and then makes 3 steps back, but after some time it makes another round of 5 steps ahead, so the overall tendency of Bitcoin's price growing remains very visible over the years. If Bitcoin doesn't fall below $10k this time, it will be a big accomplishment. If it stays above $20k, that will be very impressive. In any case, the price isn't the most important thing.

[CLS63]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You are missing a point. This big decrease in the price doesn't mean that we won't see a big surge soon again.

On February 21, the price was around $57k. After only one week, it decreased very sharply to a level around $43k. But in only two weeks, it recovered highly and reached even $60k.

So, we don't know what can happen. We can see a similar thing and the price can reach a new ATH too.

[Tekunda]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

  A lot of people are already dead between yesterday to today and that dont have anything to do with whether Bitcoin will get back to $100k before a proper bear market or not. However it is not any time we see a correction, we scream bear market, all this shift are expected in the crypto market and if it so turned out to be the real Bear trend, then you know you most have been preparing for it all the while you where trading and dont be caught up. Lets not forget that this season, there where more Institution Investment into Bitcoin and other cryptos and I am hoping that this will change the nature of the length of the bear market if it does commence.   

If it is really true that the situation is different than 2017/2018 because of institutional money, then we should see a massive rise soon after such a fall, because this is a great opportunity for institutions to load up on crypto.
We will see soon if this scenario will come to pass.

[bitzizzix]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I understand because you are a beginner who doesn't really understand how bitcoin moves, unlike those who have been in the industry for a long time and would think that what is happening now is commonplace.
Bitcoin's price drop does not exceed the 50K price which I think is still a good price from previous years, and the growth in adoption is also growing along with some recent good news and lots of good news about other bitcoins.
So I don't think Bitcoin will fall very deep and there is a chance it will go up again and be patient, you should take advantage of this drop to buy bitcoin and store it for the long term.

[Reatim]

I have no problems seeing a bright future for BTC,

So i don't care whats your view on this because your post below tells that you care also nothing for this.

but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700.

are you referring to what is the drop last March 2020? if does then this is not the right way to address the situation because the drop last march happens only when the pandemic attack and supposedly the start of bullish.

It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

But what drops are you talking here? the price drops only not under 10% and you are claiming as if we are in bearish market?

[XZERO1]

I highly doubt that the next bear market is going to be anything close to the last ones, I believe the whole market is getting healthier and those days that any minor bad news could result in 50% or more dump in price is over, this market is not 2017-2018 or even 2020 market when it touched $3k and a lot has changed since then.

When the next bear market comes after this big move I think it wouldn't last more than a year and it will recover soon after without going down that much you'd expect it to, in my opinion the lowest price Bitcoin could reach in the next bear market is $10k, so $3k range is probably a history now.

[Spack17]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I think it's a very pessimistic point of view. We've seen so many times that Bitcoin recovered from really big falls. I think this is one of them too. The price is already 56k dollars now. I wouldn't be very surprised if the price reaches 60k again soon.

Bitcoin has a volatile nature like other cryptos and it's quite normal to see this kind of big corrections. Of course, it doesn't mean that the price will never come down to 20k, for example.

[davis196]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

1.We still don't know if this a price correction or a bull market,that will last for years.
2.Who cares,if there's a bull market.We know that the Bitcoin price will eventually hit a new ATH.It can happen in the next month or after several years.Bitcoin will always remain bullish in the long term.
The scarcity of Bitcoin remains.Institutional investors are here to stay.Adoption of Bitcoin will continue slowly.
All those factors are pro-bullish.

[sheenshane]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

1.We still don't know if this a price correction or a bull market,that will last for years.
2.Who cares,if there's a bull market.We know that the Bitcoin price will eventually hit a new ATH.It can happen in the next month or after several years.Bitcoin will always remain bullish in the long term.
The scarcity of Bitcoin remains.Institutional investors are here to stay.Adoption of Bitcoin will continue slowly.
All those factors are pro-bullish.

I tend to agree and you actually right.
I don’t really see the point of Bitcoin becoming a stable coin as since it was created, the only reason why we're all here is that we have the benefit of it being volatile.  It is really pointless to compare two waves as they have different approaches and reasons for becoming bullish.

Have you ever think why did we have this bull market that we enjoy today?  
Was the reason the same as what we have on the previous bull run?

IMO, I never expected the reason why it has reached what it is today.  It was a very strange approach but It happened.  Bitcoin was always an open book and I think if you don’t know it yet you had to read and study before you lose (just in case you have something to lose though).  The cryptocurrency will never please a person with your perspective.  So I would suggest for you to learn from it then.

[Sled]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

even it takes a decade for Bitcoin to reach $100k, people are still willing to wait that moment. As long as the crypto market exists, it doesn't important how long to wait for that. Perhaps, early adopters are not here for they think that Bitcoin will reach $20k, $50k, and to the current ATH. It was not their pursuit but they are here as they are enjoying the market and they are profiting.

[nightxglow]

That's true, it's what i'm afraid too. I'm there at that time when bitcoin price went down so great, and people lose hope about bitcoin already, but then 4 years later suddenly bitcoin price went up so high, even surpassing that price that time. Now then, will it be a bubble again, and burst like before? Especially many new people are coming to crypto, and who knows what the might do that can affect the market negatively right? I'm afraid the same thing will happen and bitcoin will lose the value again, i guess it might really take so long before we can reach one million.

[arabspaceship123]

These fluctuations have always been linked to cryptocurrencies so it shouldn't be a surprise to anybody when Bitcoin increase or decreases. It isn't just Bitcoin look at Ethereum and the rest they're all affected with fluctuations. Even if there's a crash it'll bounce back, it might take a few years but it always does.

That's true, it's what i'm afraid too. I'm there at that time when bitcoin price went down so great, and people lose hope about bitcoin already, but then 4 years later suddenly bitcoin price went up so high, even surpassing that price that time. Now then, will it be a bubble again, and burst like before? Especially many new people are coming to crypto, and who knows what the might do that can affect the market negatively right? I'm afraid the same thing will happen and bitcoin will lose the value again, i guess it might really take so long before we can reach one million.

[Yatsan]

People might always take a look back from the past and always do comparison of what they think would link and explain something that is unusual for them to further understand. Yes, from the past Bitcoin have suffered a low price after the ATH that happened way back 2017 and turn into crash by the early 2018 and took 3-4 years in the making before reaching what Bitcoin have been into right now. But we cannot hereby state that same thing will happen just because we are seeing dropping in the price and that it will take years before it can once again recover. If ever proven true, surely there are still lots of people who are willing to wait until such time comes for they have already witness the importance of Bitcoin.

[bounceback]

1 million is a very high price, in my opinion this is not impossible for bitcoin because bitcoin has a fantastic value, so to reach that high price of course it will take a very long time and on the other hand everyone must have at least 1% bitcoin to hold.

[seoincorporation]

I agree with OP, Now bitcoin has been pure love this year, but when the crash comes it could take some years to recover, and as an example, we have the first time when it hit $20, then it drops down to $8k and takes some years to come back, and those years means to have the stoped money all that time to wait for the right time to recover and not to profit.

1 million is a very high price, in my opinion this is not impossible for bitcoin because bitcoin has a fantastic value, so to reach that high price of course it will take a very long time and on the other hand everyone must have at least 1% bitcoin to hold.

1 million is impossible if we see it from the market capitalization view... I feel like there is not enough money to send Bitcoin to 1 million. Right now bitcoin has almost the same market capitalization as Microsoft. So if we see bitcoin as a company, it would be in the top 10, so, already is on the moon and $1 million is only a dream.

[lixer]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Anyone that is seeing the current price that we have now would be happy! Whether there will be a price of hundred thousand dollars and above or not shouldn’t be a problem. Let’s admit it, most of us that were here earlier when it was all still new, we never expected an increase as huge as this because of the way the market is now, so I don’t know why you’re trying to make it seem like there is anything special if the market should reach hundred thousand dollars, I don’t see anything so special about it, it doesn’t change anything.

Moreover, we all know for the fact that cryptocurrency market is volatile that it is not going to be that stable, it’s always going to be a case of going up and down.

[goldade]

Just because the bearish run of 2018 was so severe that bitcoin bits $3000 from its then ATH doesn't mean the same will happen with the correction happening with bitcoin.
This is nothing like that. This is just some market correction and will soon blow over. Believe me you, posts like this will only make people panic and then they panic-sell.
If you've got bitcoin, don't sell yet. Just keep on hodling

[Shasha80]

Investing in Bitcoin really requires patience, I agree that if Bitcoin goes down its price sometimes takes a long time to recover. And it is also possible
for Bitcoin to hit a price of $ 100k not this year, but a few more years. Or maybe we were dead when Bitcoin hit $ 1M. Why worry about all that,
because you want instant profit from Bitcoin, which may not come true. I think because we all agree Bitcoin has a bright future, so holding the Bitcoin
that we have without thinking about the target in the near future. That way we will find it easier to invest in Bitcoin. The most important thing is
not to panic seeing the correction that is happening to Bitcoin at this time, because it will not necessarily recover for long.

[Naughty Princess]

If that's a problem for you, then simply don't buy in the bull market, unless for short-term speculating, and accumulate coins during bear market. A lot of investors who joined in bull run are likely going to take profit during the run, instead of hodling for years and experience a crash like in the past. Risk and opportunity always go hand in hand, the point of investing is to find investments that have more opportunities than risks.

I agree. Buying in bull market is not good decision to when you dont see opportunities on what you invest. Price has pump and drop and even year way back, the market is the same the best thing to do is to hold since many institutions are also in bitcoin which is an opportunity that it wont stay there. Market price will be more better. Opportunist takes opportunity but risk takers stays on what they have and take chances to add more while in drops situation.

[jerrison]

While the bull season persist, people should understand that the market has correction strategy that is often deployed in accordance with the principles of market trading and structure. I only feel for those who do not take profits because if the price of cryptocurrency drops to even as little as 40% it will have a negative effect on traders and holders and I know they will not be comfortable with that.

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

[Ridwan Fauzi]

I guess it doesn't take 4 years to create new all time high, remember bitcoin price was dumping 2018 ago after reach an all time high $20.000 but at that time bitcoin price was showing a good increase and until reach the previous all time high 2020 ago, it means just need two years for its price create new all time high.

As for your question, this bull run season is really different with the previous bull run season. At that time, there is some companies who stated that they tried to support crypto currency. But now, it is really different almost technological companies also is accompanied by instutional investor are supporting bitcoin. So as for the chance bitcoin price dump like 2018 ago is very small to happen.

[Sihab76]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I agree with you because I also sold bitcoins at the highest dumping position and after a long wait came back to the highest position and sold bitcoin.  So you must wait a long time to repeat a market.

[oktana]

Hmm... Bitcoin is only started and you're talking about years. Believe me, bitcoin has the potential of reaching 100k within the next 1 year. Mehn people are trooping in on a daily basis! and yes, It may have some ups and downs before getting to 100k but, it'll be like a dream to you

[xSkylarx]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

A massive correction like that is not likely to happen again because many big institutions already invested in bitcoin and more countries now starts to adapt the use of digital currencies unless there is a big fud that can result for bitcoin to have 80% correction again. The ATH way back 2017 is purely driven by hype, now there are many fundamentals that support bitcoin is a good investment to have. All of us are afraid for that to happen again and since we experienced it, we should be prepared if that happens again.

[Henrobakkara]

Just because the bearish run of 2018 was so severe that bitcoin bits $3000 from its then ATH doesn't mean the same will happen with the correction happening with bitcoin.
This is nothing like that. This is just some market correction and will soon blow over. Believe me you, posts like this will only make people panic and then they panic-sell.
If you've got bitcoin, don't sell yet. Just keep on hodling

I believe that if there are going to be panic sellers those will mostly be newbies but for those that have been in the system and understands the dynamics of what the market is now and the kind of investors that have come to invest in Bitcoin, this correction wouldn't move them much instead, it will also server as some profit making as most will buy the dips again. 

[DigitalFox]

Yes, it might take a "long time" to recover after price drop, but so what? Those who are looking for quick gains will be burned, those like me who don't care and don't sell will look at the chart and say - ah well, there it goes again. And then we'll keep accumulating it like we always do.
It's very tempting to try and catch the market to increase my btc holdings but I rather take it steady and slow without trading. Well, maybe for a small fraction of my holdings.

[Kittygalore]

Yes, it might take a "long time" to recover after price drop, but so what? Those who are looking for quick gains will be burned, those like me who don't care and don't sell will look at the chart and say - ah well, there it goes again. And then we'll keep accumulating it like we always do.
It's very tempting to try and catch the market to increase my btc holdings but I rather take it steady and slow without trading. Well, maybe for a small fraction of my holdings.

Who says that it will take a long time, there is no such thing as accurate oracles so I don't believe that what OP is saying that 1 million is not possible in our timeline. Good thing that I don't get a lot of bitcoin yet so I really don't pay no mind about trading it.

[jjdub7]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I don't know why you're talking about a recovery, when the price of Bitcoin has only been on an upward trend since the beginning of the year. On January 1, Bitcoin was $ 46,000.



The only time BTC was around $ 54,000 was again in March this year and such market corrections are normal.

[AakZaki]

Although it will take many years, some Bitcoin investors or holders will have their own strategies. They will hold a portion of their bitcoins to hit the next ATH target.

But at the moment it is still not certain that the decline in bitcoin this time will be a full decline like in previous bearish years. More and more investors are coming in, a lot of big adoption is being made to bitcoin. The era of bitcoin is advancing, of course, some history will change and it will not be the same as the previous history.

[arabspaceship123]

I'm sharing your opinions I don't care about charts. Too many look for quick gains by buying and selling fast believing what economists publish but traders who've held long term haven't lost out on Bitcoin and aren't going to. Those tempted to trade early might live to regret it when Bitcoin closes in on $100,000

Yes, it might take a "long time" to recover after price drop, but so what? Those who are looking for quick gains will be burned, those like me who don't care and don't sell will look at the chart and say - ah well, there it goes again. And then we'll keep accumulating it like we always do.
It's very tempting to try and catch the market to increase my btc holdings but I rather take it steady and slow without trading. Well, maybe for a small fraction of my holdings.

[judas]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

It's hard to predict but I don't think it will take so long to recover and go back to 60k dollars again. It looks like it will stay at these levels for some time though. As long as we don't see a very serious drop again soon, the probability for a recovery will be higher I think.

[Oasisman]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Man, you cannot compare every bullrun from 2017. It was completely different.
Have you seen many institutions, big names, and companies coming in in 2017?
Have you seen ICO's trying to pump everything in crypto market these days?
Absolutely no.
Before we end this 4 year cycle, we're already passed $100,000.
And we're not in a major retracement, we're still in a bull season. Until the strong support don't break, we're not seeing any major retracement.

[Fatunad]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Man, you cannot compare every bullrun from 2017. It was completely different.
Have you seen many institutions, big names, and companies coming in in 2017?
Have you seen ICO's trying to pump everything in crypto market these days?
Absolutely no.
Before we end this 4 year cycle, we're already passed $100,000.
And we're not in a major retracement, we're still in a bull season. Until the strong support don't break, we're not seeing any major retracement.

You cant really blame out people to have those kind of emotions and perceptions towards the market thats why they do keep trying to connect on what happened in the past.
For now we can bit assure that market wont really be crashing soon because if we do consider on how many strong supports are there then its really hard to
tell that it would be breached or break out if a certain drop happens but we have seen on that recent drop that we didnt get past below 50k
which is a solid indication.

[pixie85]

So should this be the major, expected drop, it could again take many years for BTC to reach 100k.

I don't really care as long as it gets there.

Inflation is taking away my hard earned savings. I'm much better off holding Bitcoin even if it goes back down to 20 thousand and takes 5 years to reach 100.

You're overthinking it. If you knew your money is going to multiply would you let that opportunity pass and just hold it in a bank that takes 3% each year?

[CarnagexD]

Doesn't matter. The fact that we can expect an ATH, is good news in itself. The ones that see the long wait as a problem are the people who sees bitcoin as nothing but a get-rich-quickly scheme which it certainly isn't. You'd have to invest both your time and money here if you want good gains. Otherwise if you're just looking for another scheme that promises you profits and then pulls a 360 on you then I'll gladly show you the way out.

[Twentyonepaylots]

Things like this happen not only with bitcoin but to almost all of assets out there, and people who have invested in bitcoin and are wise enough to see what this is all about know for a fact that as long as we get a confirmation that we'd be getting a new ATH or at least recover, we're good. Bitcoin isn't your everyday get-rich-quick scheme, regardless of what people who brought you in have told you, as one guy in this forum said you'd have to invest your time, more than your money because bitcoin is a long-term investment.

[AniviaBtc]

That's why patience is one of the most vital traits that you should practice in a bitcoin investment.

Also controlling your emotion is needed, you should not panic and become sad about the fall of bitcoin's price. Remember that it is volatile in the market and can increase or decrease its price depending on the factors that can affect it. Also practice fundamental and technical analysis so you have expectations and everything is under control.

Maybe in mid 2021, bitcoin's price will surpass the ATH we never know.

[Kong Hey Pakboy]

It's only a problem if you are an impatient person who wants to make a lot of money at a short timeframe. Think about it, if it takes long to recover then you will have more time to accumulate more bitcoin so when the time that it recovered, you will have a bigger profit because you hodl large amount of bitcoin over the course of the recovery of the bitcoin prices.

[Alucard1]

You compared different years and a lot of things have already changed, we won't get back to the old days as what happened in the year 2017, there are already a lot of factors that make bitcoin reach the new ATH, there are a lot of people are now being involved so I don't think that we can see again the things that happened before, a lot of companies and countries are now involved with bitcoin and actually, the mass adoption is now happening little by little, and if the bitcoin will be accepted worldwide then bitcoion could go higher and higher.

[DigitalFox]

You compared different years and a lot of things have already changed, we won't get back to the old days as what happened in the year 2017, there are already a lot of factors that make bitcoin reach the new ATH, there are a lot of people are now being involved so I don't think that we can see again the things that happened before, a lot of companies and countries are now involved with bitcoin and actually, the mass adoption is now happening little by little, and if the bitcoin will be accepted worldwide then bitcoion could go higher and higher.

I wouldn't be so sure. Yes, now we're looking at completely different picture comparing to 2017-18, but it won't stop btc from a massive drop. Maybe not as sharp as in was in 2018, but I can see it losing 50-60% of it's current value.

[izsara]

very nice.
it may take a little longer if we look now to reach new ath but we all already understand because everything also takes time it takes a process to achieve this. because what I apply while in bitcoin is patience. there is nothing instant in becoming rich.

[mrongoz_imut]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Yes need four year but when bitcoin above $10,000 look easy make new all time high, maybe support with many project and company make bitcoin dominance in global economic. How ever if bitcoin only have investor impossible can make new all time high for bitcoin price, have company want to publish with investing and accepting bitcoin make all people now believe and hold bitcoin.

[Gamerholic]

Bitcoin has already experienced several falls if you look at its history. Yes, four years ago, the fall was quite sharp and one might even say landslide. Panic provoked a sharp decline and the price of bitcoin remained in the range of up to $ 10 thousand for a long time. But every decline and fall in price is a time of opportunity for those who know how to wait and know that Bitcoin will rise in price anyway. This time, even if the correction continues, I doubt that it will be sharp and move to panic sales.

[adzino]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You know the market isn't predictable, right? You also know that the crypto market doesn't follow any pattern. What makes you think this drop is the same as the one that took place 4 years ago? And what makes you think a significant drop has taken place? The price just went above $60,000 USD for few days. And it is not back to it's normal price.
This is nothing new. Threads and posts like this only creates FUDs and FOMOs. If you want to make posts like this, make a post with facts backing up your claim.
And yes, people die every day. Many people will dies before bitcoin crosses $100k. What are you trying to say over here?

[Asuspawer09]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Kinda hard actually to predict or know the timing to sell your bitcoin and most of the time only a few people are lucky enough to make a great timing and sell at the peak of the market.

In my opinion, having a big drop at this moment in the market of bitcoin is unlikely to happen because of the market manipulations and giant companies that are getting interested and using bitcoin.

I think what could happen is it gonna pump in a big price like 100k$-150k$ and then will go drop big time, if I think about the giant companies that are holding it is almost impossible to expect a drop if they don't sell, companies are just buying and buying bitcoin at this moment and probably will sell in the future.

[dunfida]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You know the market isn't predictable, right? You also know that the crypto market doesn't follow any pattern. What makes you think this drop is the same as the one that took place 4 years ago? And what makes you think a significant drop has taken place? The price just went above $60,000 USD for few days. And it is not back to it's normal price.
This is nothing new. Threads and posts like this only creates FUDs and FOMOs. If you want to make posts like this, make a post with facts backing up your claim.
And yes, people die every day. Many people will dies before bitcoin crosses $100k. What are you trying to say over here?

Some words that you can actually read up from time to time when the market do really make out some correction where there are threads that would just popped out and telling that it is going down to zero
or this is the same on what happened before with that 2018 market crash without even realizing on what are the things that we had able to reach out in terms of adoption and recognition.
Market is way too unpredictable and there are indeed no patterns that had been followed or to presume on and this is what makes hard for us to know on what would be the next possible movement.
When it comes to recovery then its inevitable, what comes up must come down and its a typical thing and isnt a surprising one.

[blackened515]

This question is from a newbie perspective of seeing bitcoin dominant and constant price,  I know its worth asking such question as to why it takes 4 years for bitcoin to recover from $20k to the latest new ATH. The point is that, there are many large companies buying bitcoin now as a means of saving company funds, this only keep the price stable and moving up gradually, note that the last bullrun only occur within one month,  do you noticed this bullrun experience new ATH every months? Answer yourself this question and you know the time it will take for bitcoin to recover or not at all.

[online73]

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

[DigitalFox]

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

I couldn't have said it better. You're absolutely right, the worried party (IMHO) are those who are attracted to crypto in a strictly "get rich fast" way. Never before I saw so many topics like "my plan: make $$$$$$$ from initial 20 bucks and then retire" LOL

[mrongoz_imut]

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

Lets forget maybe never check again with your loss asset, I believe if bitcoin always progress on higher price almost altcoin assets back to higher price, but need time one or two year and some time more than three year to see your assets get much profit. Lest close all your exchange account and open back one or two years later.

[tatalin]

It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.

[verita1]

Such a low price of bitcoin at $ 3,700 four years ago sounds a bit out of focus. It happened exactly on January 13, 2019 when bitcoin touched the price of $ 3,405.89 according to Coingecko.
As most members say bitcoin is not for weak hands, as we follow the bull run of bitcoin we must continue to learn its behavior.

Nothing goes up in a straight line. #bitcoin has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.

https://twitter.com/100trillionUSD/status/1385607970059345924?s=19

Follow this man to learn and stay calm.☝️

[tippytoes]

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

I couldn't have said it better. You're absolutely right, the worried party (IMHO) are those who are attracted to crypto in a strictly "get rich fast" way. Never before I saw so many topics like "my plan: make $$$$$$$ from initial 20 bucks and then retire" LOL

Those who are panicking today are those that have bought bitcoin at a higher price and now, they are scared that they will lose their funds on this market. So they are giving unreasonable statements, which can give negative outlook to most newcomers. However, for those that have seen bitcoin in a roller coaster ride throughout the years, they will just ignore these negativities.

[NeverSop]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

We have compared so many times how bitcoin moved in 2018 and 2021 is completely different.
The problems of the last few days are still symptom dull and likely to last longer. But this was the most successful year for bitcoin. Values ​​from it, conditions, .. etc. It's all in sync and it will reach $ 100k this year. I am very optimistic!

[Lorence.xD]

It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.

I agree, with bitcoin proven to return profits at an exponential percentage, I think that all we can do is wait, accumulate and hodl because we can't do anything if we look at short-term and panic sell, you only lose more money and get unnecessarily frustrated when things could've been preventable in the first place. I believe that maybe in years we can bounce back or if not then probably at the next halving.

[jahepahit]

anyone who is capitalizing on buying after the drop will not have any problems with the number of years it will take to recover. thats how the trend has been. only a newbie will be surprised with this. you cant always expect price to keep going up it dosent work like that. people only want to see price go up and not come down, market dosent work like that. please watch market cycle.

[acener]

I wouldn't mind taking it's time to recover I think we should be happy if that happens because we could accumulate more at a low price before it sky rocket again.
It is better for me than suddenly skyrocketing the price once again at least we could get ready for it.
I mean those who are like me who doesn't have much could take time to save money and invest unlike if it suddenly skyrocket most of the people who could invest are only those who have enough or rich.

[bureuk]

I agree with OP, Now bitcoin has been pure love this year, but when the crash comes it could take some years to recover, and as an example, we have the first time when it hit $20, then it drops down to $8k and takes some years to come back, and those years means to have the stoped money all that time to wait for the right time to recover and not to profit.

1 million is a very high price, in my opinion this is not impossible for bitcoin because bitcoin has a fantastic value, so to reach that high price of course it will take a very long time and on the other hand everyone must have at least 1% bitcoin to hold.

1 million is impossible if we see it from the market capitalization view... I feel like there is not enough money to send Bitcoin to 1 million. Right now bitcoin has almost the same market capitalization as Microsoft. So if we see bitcoin as a company, it would be in the top 10, so, already is on the moon and $1 million is only a dream.

You are wrong. Market cap doesn't mean total amount of money in the system. market cap = current price X current supply. the price or supply change first then you get the market cap. you can't change add or decrease market cap to get different price. 5 billion dollar market cap doesnt mean there is 6 billion in the system. it means that the entire supply is worth 6 billion at current price.

i think it doesn't matter. because You can add an infinite zero to the fiat. if i'm wrong please correct me.

[Henrobakkara]

It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.

I agree with you and why some people get panic when Bitcoin or cryptocurrencies in general are going down, others are actually waiting for such occasion to be able to acquire more of this assets on the down side but you can only see this if you really have the interest of good investment and not just for get rich quick investment.

[Bilgent]

You shouldn't be so sure about it already. The price had a similar period before too and managed to recover. Maybe we can see the same thing again this time too. The price managed to go above 50k again. It could be a sign of a recovery.

[mrongoz_imut]

Don't worry if you still loss hold and wait several years later you can see altcoin and bitcoin increase to higher price. Waiting is the best way than you want to cut loss with how much assets loss so far. I think you can get more later if patient wait and see bitcoin or altcoin raise to higher price, how ever always have chance to get back again to higher price.

[ILuckyGuyI]

Even if Bitcoin price recovers in a few years for example, it's not a problem for HODLers I think. I'm as well a HODLer and I don't see it as a problem. But for short-term investors, it must be really annoying. 

[South Park]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You are exaggerating OP, the crash that we saw at the end of 2017 was significant but I doubt a crash as big as the one we saw back then is going to appear again and more than anything this has to do with institutional investors, if the price holds up above 30k or 40k even if the bull market disappears the idea of bitcoin being a store of value will take an even stronger place in the narrative bringing even more institutional investors to the market and helping it to recover way sooner than that.

[veznata]

I think it will take many hours to recover  . some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

[Sled]

I think it will take many hours to recover  . some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision.  We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

[2double0]

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision.  We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

Traders tend to be very oversmart by not selling their btc and just hodling it ( this is not about hodlers). To better trade these opportunities, selling during the dips and wait for a better entry is a good sign of making more profits than sitting with our coins. There are support areas where enough liquidity is available for which, bears sell their btc to remove the stops of those areas. I learnt this through a trader who taught us how to look for liquidity areas and decide if the trend will continue or it will reverse.

[gurunanakji777]

We all do not want to see the huge retracement as we witness in the previous bear market when Bitcoin touches $3700 after hitting a 20,000$ high. But I personally feel now the market is quite different from the 2018 market and we have already seen many Big influenced people or big investor invested huge money in the bitcoin and some are saying they will hold it for long and no plan to sell their holdings So I am positive this time market will not make a huge retracement as earlier did even I don't think we will ever see Btc to 20,000$ level. Honestly speaking I don't know when Btc will hit 1 Million dollar value but I am positive it will keep rising in the coming years. I don't expect again a huge bear market.

[rodskee]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Sorry but Take years to recover? haven't you seen what happened in 2020? when the price drops down to the lowest value for many years? but after couple of months and when the Last quarter comes.
and also before 1 year from the lowest fall, the price of Bitcoin made the ATH and the value that has not been expected by many, climbing more than 10 folds from that 37 hundred your talking.

[Vishnu.Reang]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

LOL... don't be too hard on yourselves. Bitcoin can make you rich. But at the same time, don't expect Bitcoin to make you a millionaire overnight. You need to wait patiently. I first invested in Bitcoin almost four and half years ago. Back then, I purchased my first coins for $900 apiece. During 2017-21, I sold a part of my holdings to cash, but still I have the majority of my original coins remaining in my wallet. My final target is $250,000, but I understand that it may take 5 or even 10 more years to reach there. If you don't have the patience to wait till then, there is always the option to cash out. Even the current rates look very attractive, if you ask me.

[mrongoz_imut]

I think patient is most important it really investing in cryptocurrency, many people not have enough time waiting for when bitcoin back to higher price, I see many people want to get profit fast and not have time waiting when bitcoin can take profit. Some time when bitcoin correction and dump they panic for selling and never want to hold few monts.

[South Park]

I think it will take many hours to recover  . some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision.  We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

60k could be seen again in just a few weeks and in the worst case scenario we could see it in a few months but I do not see it taking years, even if the market crashed I do not see the crash being as big as the one we watched during 2017, which means the recovery will happen sooner and the market will not go through the pessimism that we saw during 2018 and 2019 in which many people thought the price will never recover and they sold their coins because they were disappointed on what the market had become.

[Maslate]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

People had come and invest not because they are desperate to wait for how many years before the market price will recover when it turns down. They are here because they believe and positively thinking that Bitcoin will grow someday after a very tragic fall. Besides, think that Bitcoin started almost nothing and now it reaches $60k, it was an eye-opening for newcomers indeed, and even those who are here already that Bitcoin has truly had such a market value. Because I know that people could manage themselves and willing to wait for the recovery.

[udidrone]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I wouldn't think much about $100k or anything like that as long BTC not dumped hard.  If we think it will disturb our life and just let it flow like what it must for. Honestly i never expect bitcoin will be reach this price when i first joined crypto and who know what can happen in future.

[Ziskinberg]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I wouldn't think much about $100k or anything like that as long BTC not dumped hard.  If we think it will disturb our life and just let it flow like what it must for. Honestly i never expect bitcoin will be reach this price when i first joined crypto and who know what can happen in future.

Not impossible but not so easy. Yes, it takes years, many years before we reach that price but I was wondering if poor people are able to invest with that price, they might only choose altcoins.

Anyways, it was not our focus here. Everything is unpredictable, $100k, $80k, are not what I'm thinking now, what I am asking and hoping that the market will able to sustain and stay for long. People are enjoying this thing, it even helps us more by simplifying our workloads and that was enough more than the price.

[KaliLinux]

It's only a problem if you are an impatient person who wants to make a lot of money at a short timeframe. Think about it, if it takes long to recover then you will have more time to accumulate more bitcoin so when the time that it recovered, you will have a bigger profit because you hodl large amount of bitcoin over the course of the recovery of the bitcoin prices.

That true but most of us will not see this, Only if we understands that what ever the market situation for bitcoin is, we can take advantage of it then we wouldn't worry so much about some certain thing that are inevitable anyways. This corrections will always happen as we have noticed and from what every one is saying, we are here for the profits so learn how to make profits however the market turns and less worry about how long time it will take for recovery.

[arabspaceship123]

Let's say it takes 4 years of growth to achieve the next huge milestone does it matter? Cryptocurrency value is on the rise and it'll get there soon in a few years. Unlike the OP not investors are going to panic.

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

[South Park]

Let's say it takes 4 years of growth to achieve the next huge milestone does it matter? Cryptocurrency value is on the rise and it'll get there soon in a few years. Unlike the OP not investors are going to panic.

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

It matters to some people, after all we know that traders only care about one thing and that is to make money, so if they have to wait for 4 years to make money from this market they are going to move on and not comeback until there is positive performance once again, only investors will be willing to wait for that long and even then it depends on the kind of investor you are and your circumstances, for example someone that is approaching retirement age cannot wait for an asset to begin performing positively again as they need the money now unlike someone that is younger and can wait.

[seramania]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.

[k@suy]

LOL... don't be too hard on yourselves. Bitcoin can make you rich. But at the same time, don't expect Bitcoin to make you a millionaire overnight. You need to wait patiently. I first invested in Bitcoin almost four and half years ago. Back then, I purchased my first coins for $900 apiece. During 2017-21, I sold a part of my holdings to cash, but still I have the majority of my original coins remaining in my wallet. My final target is $250,000, but I understand that it may take 5 or even 10 more years to reach there. If you don't have the patience to wait till then, there is always the option to cash out. Even the current rates look very attractive, if you ask me.

Well in my personal experience way back 3 years ago I hodl also bitcoin and sadly I only have used half of my bitcoin to exchange in fiat but at that time the value of bitcoin was around $10000-$18000 if I am not mistaken, then all of a sudden the biggest downfall of bitcoin exchange rate happen and it is dropped to $3700. All I can say is the market of bitcoin was very volatile, we can't say that it will stay the same as the value today but we can't be so sire that the history may repeat itself in bitcoin also. I maybe loss my bitcoin wayback then but I am not hard on myself to think such things because I am so positive that bitcoin has still a bright future.

[pawanjain]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

May be
May be not

There are two possibilities

1. Long bears are followed by long bulls - in this case what you said might be true

2. The previous bear trends were completely due to panic sellers and weak hands.
This time the institutional investors are here and it's kinda hard for long bears to occur again unless they leave the market.
Most of the corrections in last 8 months were short-lived and bought by the traders.

[NelfiNovita]

the most important thing is we try while we still have strong energy, life and death no one knows.
I hope we will be given a long life so that we can enjoy the very expensive price of bitcoin in the future.
I really believe that as time goes by and more sophisticated technology, the price of bitcoin will continue to rise.

[Argoo]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.

I hope that if bitcoin further drops significantly in price, then some potential altcoins this time will still not follow the bitcoin price as strictly as it did in 2018-2020. The cryptocurrency market is changing and this will continue in the future. Therefore, a similar situation is hardly possible. Although, in general, the market falls, and the falls are large and long, there will also be more.

[willoweb]

I don’t see a problem in the fact that someone will not wait for the price of $ 1 million per bitcoin. The main thing is that we are young and active investors waiting for even more modest indicators. For example, if the price reaches 100 thousand dollars, it will already be a historical success. On the one hand, such a level will be a rather strong resistance level, where many will take profits, on the other hand, if we pass it and the price goes higher, the same level of $ 100k will become a support level.

[Henrobakkara]

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.

I hope that if bitcoin further drops significantly in price, then some potential altcoins this time will still not follow the bitcoin price as strictly as it did in 2018-2020. The cryptocurrency market is changing and this will continue in the future. Therefore, a similar situation is hardly possible. Although, in general, the market falls, and the falls are large and long, there will also be more.

I agree and I think there will always be that circle for the cryptocurrency market and I really dont see that as a major problem because the market system has offered us different options of trading it and if you really are in it for good, i bet you have to give it your best to understand both kind of trading that is, not just spot but futures markets too so you dont worry much about if there will be a long bear market.

[Ewox]

Maybe people need to read more about Bitcoin and what its real purpose is. The way I see it, it seems like you are worried it’ll drop off at a certain amount and that it’ll take a few years for you to gain interest from the amount you’ve invested in Bitcoin. Trading is not for the weak of heart, and you’ll never know Bitcoin might slowly recover just like what happened in 2017. You just need to hodl your coins or you can sell them if you feel like you’re not getting a lot of interest from it.

[Golftech]

Maybe people need to read more about Bitcoin and what its real purpose is. The way I see it, it seems like you are worried it’ll drop off at a certain amount and that it’ll take a few years for you to gain interest from the amount you’ve invested in Bitcoin. Trading is not for the weak of heart, and you’ll never know Bitcoin might slowly recover just like what happened in 2017. You just need to hodl your coins or you can sell them if you feel like you’re not getting a lot of interest from it.

You have to set your priorities and not just investing without any knowledge about the platform, Bitcoin is for

those who have a strong nerve and willing to hold and add more when the market is falling, they are the best

benefactors from this venue of investment. Anticipate and try to work for your deeper knowledge, you ca change

your view point after learning the process.

[bosede1]

With the rate at which I see bitcoin this year I will not be surprised to bitcoin reached 100k this year but I million I can't really say. But to talk of people all been dead I will not concur to that. Holding is the key for now and just relax

[imstillthebest]

you just proved that your only here for the pump and not for the dump .
 thats your personal problem anymore and we cant help you by that because we are already contented on what btc has to offer .
 im used to the dump after a pump because once i sell i can buy at low again and so what if theres no 100k , 1million , and so on but as long as value recover and pass more than its last value   , i can still earn something  .

[k@suy]

Maybe people need to read more about Bitcoin and what its real purpose is. The way I see it, it seems like you are worried it’ll drop off at a certain amount and that it’ll take a few years for you to gain interest from the amount you’ve invested in Bitcoin. Trading is not for the weak of heart, and you’ll never know Bitcoin might slowly recover just like what happened in 2017. You just need to hodl your coins or you can sell them if you feel like you’re not getting a lot of interest from it.

Honestly speaking I am worried also in the thought that if bitcoin exchange rate will going to drop off again, and if it would be like a bear market wayback 2-3 years ago from now then it only shows that the history repeat itself and maybe the market of bitcoin can recover within 3 years.
And also as what I have see in the market today, the crypto market was far different from that time. Crypto market now was being able to adopt and used in some transactions or even accepted as a payment is grocery store or in any kind of products and services as an exchange. If the dip may occur then it is just a price correction i think.

[South Park]

Maybe people need to read more about Bitcoin and what its real purpose is. The way I see it, it seems like you are worried it’ll drop off at a certain amount and that it’ll take a few years for you to gain interest from the amount you’ve invested in Bitcoin. Trading is not for the weak of heart, and you’ll never know Bitcoin might slowly recover just like what happened in 2017. You just need to hodl your coins or you can sell them if you feel like you’re not getting a lot of interest from it.

That is the thing, they do not care about the real purpose of bitcoin they only care about one thing and that is to make money and as long as that is the case those people are never going to become holders as for them there is not really any need to do so, they think of bitcoin as nothing more but a way to make some easy money and the moment that is not the case then they leave the market, I do not blame them however very few people can make money doing something like this which is why we see so many stories of people losing everything they invested in just a few months.

[BitcoinPanther]

That is the thing, they do not care about the real purpose of bitcoin they only care about one thing and that is to make money and as long as that is the case those people are never going to become holders as for them there is not really any need to do so, they think of bitcoin as nothing more but a way to make some easy money and the moment that is not the case then they leave the market, I do not blame them however very few people can make money doing something like this which is why we see so many stories of people losing everything they invested in just a few months.

Isn't Bitcoin created for transactions since it was made to function as a currency?  So why are you so concern about people not holding Bitcoin since Bitcoin purpose is not holding it but rather transact with it.  And, isn't holding Bitcoin's aim is to make money through price increase, holding Bitcoin doesn't sounds any different than having a goal to make money?

[raji1995naya]

Yes, it will take four years, but if bitcoin reaches $10,000, it appears that it will be simple to set a new all-time high. With the help of many projects and companies, bitcoin may become the dominant currency in the global economy. However, if bitcoin just had investors, it would be hard to set a new all-time high for the price of bitcoin, and if a firm wanted to publish with investment and accepting bitcoin, everyone would believe in and keep bitcoin.

[judas]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

[dunfida]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

And that changes had already happened.

https://www.theguardian.com/technology/2021/may/12/elon-musk-tesla-bitcoin
https://edition.cnn.com/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html

Expect for other such changes on other companies as well.

[harapan]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

That is not the case because right now, the overall market picture is still very bullish. This correction is essential for a good market growth. There's no way the market would just keep pulling down resistance upon resistance and not get a chance to correct and this id one of such chances. There have been a couple of these chances since bull market started and there would be more too as the trend continues upward. The who tesla thing was just a baseless fud from elon musk himself.

[geegaw]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

That is not the case because right now, the overall market picture is still very bullish. This correction is essential for a good market growth. There's no way the market would just keep pulling down resistance upon resistance and not get a chance to correct and this id one of such chances. There have been a couple of these chances since bull market started and there would be more too as the trend continues upward. The who tesla thing was just a baseless fud from elon musk himself.

Looking at the adjustment of this time and comparing with the most recent adjustments, you will no longer feel that this picture is as colorful as usual, it is becoming a sad gray color, previous corrections did not have such a long duration, we can see bitcoin can automatically trigger a defensive state very quickly. While the onslaught and correction right now is overwhelming, the damage is more severe than ever, Tesla and Elon Musk may be hoaxes but if the explanation right now will change anything, the community is still panicking, it is difficult to hear such statements

[Yamifoud]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

And that changes had already happened.

https://www.theguardian.com/technology/2021/may/12/elon-musk-tesla-bitcoin
https://edition.cnn.com/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html

Expect for other such changes on other companies as well.

But I don't think that the sudden drops are all about Elon's statement towards Bitcoin's acceptance as payment. Maybe there is another reason or we are already reaching the limit and it is a need for Bitcoin to rest sometimes including altcoins. I think everyone is aware already of this possible scenario.
We have to remember that not all the time the market is in hypes, it sometimes goes down and rises again in the future.

[BChydro]

you just proved that your only here for the pump and not for the dump .

Everyone is bound to watch the market dump and there is nothing that is going to prevent that. He can sell the coins and watch as a spectator when the market goes down and that is what majority expect to do until they invested after the rally reached its highest valuation as they are once who are usually forced to sell at a loss.

im used to the dump after a pump because once i sell i can buy at low again and so what if theres no 100k , 1million , and so on but as long as value recover and pass more than its last value   , i can still earn something  .

It is a general expectation that the market would build stronger with time and till now we have not seen the support valuation we see before the rally after the bull run even after a major crash and when that cycle is breached we might see more panic in the market .

[MrPB3N]

it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

So?  It's not a get-rich-quick scheme.  Stop treating it like one.  The function and purpose of Bitcoin is of greater importance than the fiat value ascribed to bitcoins.  The network itself has no concept of your desires for arbitrary round numbers with lots of trailing zeroes.  That's not a priority.

Extremely well put. Bitcoin is an amazing innovation (which will reward those who've held it). No need for FUD and selling for fiat.

[bitzizzix]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

And that changes had already happened.

https://www.theguardian.com/technology/2021/may/12/elon-musk-tesla-bitcoin
https://edition.cnn.com/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html

Expect for other such changes on other companies as well.

But I don't think that the sudden drops are all about Elon's statement towards Bitcoin's acceptance as payment. Maybe there is another reason or we are already reaching the limit and it is a need for Bitcoin to rest sometimes including altcoins. I think everyone is aware already of this possible scenario.
We have to remember that not all the time the market is in hypes, it sometimes goes down and rises again in the future.

Everything will be fine and what is happening in the market especially bitcoin is normal, it needs to rest after a long and significant increase and what is happening in the market today is nothing new.
and elon or other news is just a mental test for us and even if it is true, it will not affect old users in the industry, but will affect those who are new and weak hands which will make things worse.
and this decline is only temporary and the market will recover in the coming months.

[Xinarae*]

BTC certainly has a bright future crypto market means rise and fall when the price of currencies goes up a lot then it starts going down. But there is nothing to be disappointed about the bull run in the market and the market will recover very soon the market is being corrected I think it's the right time to buy coins Elon Musk statement will make bitcoin stronger and the price will remain stable for a while but the market will rise again. Many people will not die in the future the price of coins may increase.

[Argoo]

Elon Musk and Tesla hit the market really hard by the decision he made about Bitcoin payments. This has really mixed up things in the market. This may even cause the bull market to end which I don't wish for absolutely.

And that changes had already happened.

https://www.theguardian.com/technology/2021/may/12/elon-musk-tesla-bitcoin
https://edition.cnn.com/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html

Expect for other such changes on other companies as well.

But I don't think that the sudden drops are all about Elon's statement towards Bitcoin's acceptance as payment. Maybe there is another reason or we are already reaching the limit and it is a need for Bitcoin to rest sometimes including altcoins. I think everyone is aware already of this possible scenario.
We have to remember that not all the time the market is in hypes, it sometimes goes down and rises again in the future.

Yes, it’s quite possible. We were already expecting a deep correction in the market and we just needed some reason for this to happen. Elon Musk's recent statement about the negative environmental impact of Bitcoin mining would otherwise have a short-term impact on the market. However, this has now served as the impetus for a deeper and more prolonged fall. Although it may still be that after a short period of time, bitcoin will recover and the next wave of growth will begin.
Overall, I do not think that after a deep fall in prices, the market will need several years to recover. The overall situation on the market is better now than it was in 2017-2018.