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

[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.