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

[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.