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

[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.

[1715538349]

1715538349

[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.