How come BTC is not at least $75,000 yet?

[JohnBitCo]

What's the rush?

That's the thinking for most of the people as they do not feel eager to buy bitcoin when it is cheap under 40k. Do you know when people will rush to buy bitcoins?
I tell you this strange behavior of bitcoin investors. You will find the rush of people to buy bitcoins and FOMO when bitcoin reached again All time high. When bitcoin will reach 100,000$, you will find even more rush from retail and the general public to buy bitcoins.

[virtualdn]

What's the rush?

Bitcoin is working as expected, this is how it compares to the USD in the long term

The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.

[KingsDen]

There is a very big gap between the informed and the uninformed. See what I have to show you below, which is the reason of no rush.

The first world countries
These countries are somewhat stable and the citizens of these countries are satisfied with what they have. Perhaps they have job security and a reliable retirement plans as individuals and provided by the government. So, they might not see the need to invest in what they do not understand.

The third world countries
These countries lack genuine information as they are often misinformed by their leaders. They have no option than to believe and rely on the fiat which is tangible and dear to then.

The poor
The poor doesn't have the money to invest. Even if bitcoin falls to $100, there are millions of people that cannot afford it. So, how do you expect them to rush at $36,000?

The rich
The rich will always go to the bank and borrow the savings of the  poor and become richer. So, why the rush?

Btc will get there, no rush...

[Finestream]

What's the rush?

Bitcoin is working as expected, this is how it compares to the USD in the long term

The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.

You could have sold it last year when bitcoin had reached its ATH twice. Definitely, not today since all your efforts from hodling will be totally gone, better keep on buying this time while there is good opportunity to buy. However, if you're not still in need of fiat or don't have any urgent needs, so what's the use of selling? You can generate more profits if you can hodl them for a longer time since bitcoin gives a new peak every year, much higher than the last years ATH.

[ultrloa]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

Why buy like crazy while you can do it slowly? We don't need to do that actually since upon buying we need to think smart since in the first place bitcoins is mot majorly adopted yet and people mostly here are buying it for investment purposes. Many are just flipping it up to earn additional money so its bad if we got caught on its bad day since we will let our money sleep worrying about on when this one pump up.

[lalabotax]

BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich.

BTC is cheap? It is only based on your perception, I don't think BTC price is cheap right now. Moreover, we know that we are going to have a bearish season, the price of BTC to start decreasing much. So, people who didn't buy BTC right now can't be said very bad or stupid because they know when the best time to buy is. Sometimes, we don't need to hurry buying BTC, before buying we must learn the market condition and wait for the lowest price.

[Wexnident]

I'm guessing they're still thinking that Bitcoin isn't needed for the inflation that's happening. Or, a lot of people just don't know about it. Not to mention that the general trend of Bitcoin right now has been downward, so it pretty much just added a reason for people to actually avoid investing in crypto. Most people wouldn't even start thinking of Bitcoin as a way to avoid inflation, after all, it didn't become famous (to most hype investors) because of that, it was because it could bring in money.

[TravelMug]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

Perhaps there are still people who really can't grasp the concept of bitcoin. Specially on how volatile it is, maybe they question on how it could be a hedge for their wealth, so they are not willing to take the risk.

And I would say, only hard core bitcoin enthusiast are left in the market right now, those investors like you and me, and the speculators, who traded and make some short and quick money out of the market.

[oemar bakrie]

from my point of view maybe it's all a market game, and for sure one day there will be a price increase when the transaction volume increases and maybe the role of famous people can change the price of bitcoin to be high again.
Let's just follow the current movement, that is don't let it there are downsides and regrets when trying to invest in crypto, especially bitcoin..

[lienfaye]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.

[cabron]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.

And we are still in the situation that we can't use BTC in making transactions too. The need to convert the coins to fiat in order to buy something out of a store. The price of BTC being $37K already is actually very high for regular people which if they discover the volatility they will back away from BTC and just hold fiat. Although its a good time for an investor who has money, it might not be a good time for someone who sees uncertainty of the future.

Chatting with someone who had traded Bitcoin for a while and he is just going to enter BTC again when it's a clear green sign like a green indicator for him. He says its a good time to buy but he himself is not doing it.

[pooya87]

The first world countries
These countries are somewhat stable and the citizens of these countries are satisfied with what they have. Perhaps they have job security and a reliable retirement plans as individuals and provided by the government. So, they might not see the need to invest in what they do not understand.

The third world countries
These countries lack genuine information as they are often misinformed by their leaders. They have no option than to believe and rely on the fiat which is tangible and dear to then.

That's not true at all
For example we can consider US a "first world" country, meanwhile the biggest misinformation is given to citizens by the US leaders. In fact when it comes to bitcoin the biggest FUDs are coming from Americans whereas third world countries have either adopted bitcoin without that much lies or simply placed restrictions and were done with it.
As for job security, it has nothing to do with the country's ranking. It is a complicated matter that depends on a lot of factors and you can find lack of it anywhere.

[virasog]

What's the rush?

Bitcoin is working as expected, this is how it compares to the USD in the long term

The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.

You could have sold it last year when bitcoin had reached its ATH twice. Definitely, not today since all your efforts from hodling will be totally gone, better keep on buying this time while there is good opportunity to buy. However, if you're not still in need of fiat or don't have any urgent needs, so what's the use of selling? You can generate more profits if you can hodl them for a longer time since bitcoin gives a new peak every year, much higher than the last years ATH.

Its difficult to sell the bitcoin at all time high prices becasue we never know what is the all time high and greediness never make us sell our coins. However , when the the prices are down we have so much fear of going more down and this makes us sell the coins.
Anyways i will never sell my bitcoins even if the prices is 75,000 or 25,0000.
I will contiune to hold my bitcoins unless i see a 100K- 200K bitcoin prices and at that momnet, i will not off load all my bitcoins. Will keep some save with me forever.

[CryptopreneurBrainboss]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead.

Why isn't fiat dead, I think that's the most important question. Why is there so much trust in system that have been proven to be a fraud over the years. The answer is just we humans aren't ready to accept the truth. We know our local fiats aren't worth holding but yet we hold then and sell assets that should be held for as much as possible. What's funny is people sell Bitcoin for fiats immediately the opportunity present itself and that's what's keeping us this low with all the exposure Bitcoin has been getting lately.

With time people will realized the importance of Bitcoin and the price wouldn't be as low as it's. We just need one economical meltdown to open their eyes. For the moment we just have to stock up as many as our financial capabilities can get us knowing the true value of the currency.

[Poker Player]

In the evolution of asset prices most of the time we are in stages of overvaluation or undervaluation, very few times the price matches what would be its intrinsic value. I believe that at the moment we are in undervaluation, which means that the current price is below its value, and this is influenced by several causes that have been mentioned, but there is another one that has had an influence: the prospect of a rise in interest rates. This has influenced the markets in general and Bitcoin with them. In the long term it will continue to rise, but in the short term it is influenced by these ups and downs.

[franky1]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead.

Why isn't fiat dead, I think that's the most important question. Why is there so much trust in system that have been proven to be a fraud over the years. The answer is just we humans aren't ready to accept the truth. We know our local fiats aren't worth holding but yet we hold then and sell assets that should be held for as much as possible. What's funny is people sell Bitcoin for fiats immediately the opportunity present itself and that's what's keeping us this low with all the exposure Bitcoin has been getting lately.

With time people will realized the importance of Bitcoin and the price wouldn't be as low as it's. We just need one economical meltdown to open their eyes. For the moment we just have to stock up as many as our financial capabilities can get us knowing the true value of the currency.

if it wasnt for laws that empower fiat. fiat would be dead (zimbabwe dollar is dead because the government changed the laws)
fiat lost its backed value(cost of creation), its not backed/pegged by gold mining cost for 50 years.
you can buy 26x less value than you could (less than 4% its buying power)
but what keeps it alive is that laws of taxes, minium wage, legal tender that keep it 'useful'

[Japinat]

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.

I guess we can't control the world, specifically the people living in it. Everyone has their own choices in life because we live with different perspectives. We may see that bitcoin is very valuable  now, but still most of the people don't even recognize it. So let's just trust the process, and everything will be in perfect timing when time comes. No need to convince that buying bitcoin is the best thing to do, let the people discover bitcoin and see its worth. Eventually, they will be the one to come rushing in the market.

[hugeblack]

I remember less than a year ago when Bitcoin broke the $40,000 barrier for the first time.

 - Therefore, when we say that this price is cheap after less than a year, it does not seem accurate.
 - The price was around $7000 two years ago and now we may reach the $70,000 levels.

In general, historically, the price during February always closed in the green, and then we may assume that we will not see such prices less than 30K by the end of this month, and therefore the possibility of $75k  is not a dream.

Inflation and all of it are positive things for Bitcoin, but we will not benefit from it unless people decide to trust Bitcoin against inflation, there are still other attractive options such as gold, real estate and others.

[Obito]

from my point of view maybe it's all a market game, and for sure one day there will be a price increase when the transaction volume increases and maybe the role of famous people can change the price of bitcoin to be high again.
Let's just follow the current movement, that is don't let it there are downsides and regrets when trying to invest in crypto, especially bitcoin..

That will always be the case, I mean we should still be grateful that bitcoin has steadied towards a 5 digit price because for many people in the past, it's probably difficult for them to believe that it will ever come to this point, as @oemar bakrie said, it's a market game and if you don't have the ability to join the waiting game, you're probably going to need to find other means to make money.

[Fundamentals Of]

There is every reason to believe that Bitcoin is going even higher in the future. Bitcoin remains the most attractive and best currency the world can offer. On the other hand, fiat is a dying old currency that is fast losing value and sense. So there is no other direction for Bitcoin really but up. These bearish moments may remain part of Bitcoin but the price will inevitably increase. In the near future we will see a bearish Bitcoin with a six-digit figure.