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

[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.