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

[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.