Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$

[justdimin]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

First of I think the highest price of bitcoin in the year 2017 is only 18 to 19k, not 20k while on this year, we are not sure yet if we will end this year with a price of 20k or not because there are still some months left and there's always a chance for the BTC price to change. In the event the price didn't recovers a lot, then what can we do?

You can always expect that each new year, BTC will also reach a new ATH. That's wrong as that's not how this market works but there are two cycles here which needs to be followed. The bear and bulls can occur at a random time I believe. That is why. BTC may lost its momentum for a while but it surely can come back much stronger next time so no, hodling and buying BTC is not pointless.

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[goaldigger]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Why it’s pointless? What’s your basis for this one?
Bullish trend is not forever, in order to reach a healthy peak we should experience a down trend since we cannot always pump. Bitcoin is still worth it, but if you don’t see that then I think something is wrong with your analysis and you have to review that again, or else you might lose some opportunities with Bitcoin.

[BuNga_cute]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

First of I think the highest price of bitcoin in the year 2017 is only 18 to 19k, not 20k while on this year, we are not sure yet if we will end this year with a price of 20k or not because there are still some months left and there's always a chance for the BTC price to change. In the event the price didn't recovers a lot, then what can we do?

You can always expect that each new year, BTC will also reach a new ATH. That's wrong as that's not how this market works but there are two cycles here which needs to be followed. The bear and bulls can occur at a random time I believe. That is why. BTC may lost its momentum for a while but it surely can come back much stronger next time so no, hodling and buying BTC is not pointless.

Many people are tired of facing the bear market that happened this year, that's why they think Bitcoin will never recover and think holding
Bitcoin is pointless. I'm sure the OP said that because he doesn't understand how Bitcoin works, but this is how Bitcoin moves, we can't expect
Bitcoin to be bullish continuously. Bitcoin will indeed experience a bearish trend and we must be patient with it, because only a patient person
can make a profit from Bitcoin.

If we learn from the bear market in 2018, which I think is worse than what happened this year. Even I still remember a lot of people who think
Bitcoin will die when the bear market in 2018. The reality is people who believe in the future of Bitcoin and collect Bitcoin in 2018, then hold Bitcoin
until 2021, they can make big profits. We should be able to learn from the history of Bitcoin movement, never doubt the future of Bitcoin.
Holding Bitcoin at least until 2025, I believe we can make huge profits and no longer consider Bitcoin holding pointless.

[bluebit25]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

So what have you done with them so far? Don't make such silly comparisons. The opportunities for movement they offer are numerous, unfortunately for those who are not knowledgeable enough to join the journey it has taken. At this point, perhaps many people are skeptical about it in terms of growth or decline. Of course, from a long-term perspective, I believe in the value they bring to hoarding assets. And don't look at price that way either, but look at the start of the present and the future opportunity it creates.

[adaseb]

I remember back when we were at $60K. I told people to buy at 200 WMA which was like $25K. And people called me crazy.

Now it’s the complete opposite. When it’s a good time to buy people are saying Bitcoin is dead or that they will buy it at $10000 or something like $4000 instead.

Huge sentiment shift.

[lienfaye]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

If you're not happy then you can quit and find somthing that might be profitable for you. Bitcoin is a crypto and an investment opportunity to those who wants to take advantage the volatility but not everyone can understand how it works. So if you feel its not what you expected it to be then you're free to do what you think is right for you.

But remember, 5 years ago the ath of Bitcoin is $20k, after that the ride didnt turned out smooth but the price still managed to climb up. Thus if you're one of those investors who take advantage the price increase, you'll not be dissapointed as what you are now. You just need to be patient and be optimistic. But its not surprising since weak investors tend to sell in times of bearish season because of FUD.

[Bobrox]

But remember, 5 years ago the ath of Bitcoin is $20k, after that the ride didnt turned out smooth but the price still managed to climb up. Thus if you're one of those investors who take advantage the price increase, you'll not be dissapointed as what you are now. You just need to be patient and be optimistic. But its not surprising since weak investors tend to sell in times of bearish season because of FUD.

We can't remember what happen with last several year when bitcoin still going dump, just check last years when bitcoin reaching all time high above $65,000 and right now drop drastically almost 50% down. I think Bitcoin is worth for investing assets but need to be patient without entry before checking with bitcoin have reach higher price or moment for bitcoin going dump. Every one will not disappointed with bitcoin if know right time have to buy and sell bitcoin, not to be most loyal keep holding bitcoin when get time for selling and price reaching up, but you need make good controlling when have to sell and buy bitcoin before losing chance.

[inanilujimi]

In 2017 for me it's part of the foundation of the building and for 2022 the price is $20k as the ground floor for the next step up. 2017 some people don't really understand bitcoin but over time until now bitcoin has been accepted even as a transaction tool in some countries, it's clear that growth will continue and we are now heading to the next better ladder. So I think buying more is a good option for the future.

[btc_angela]

I remember back when we were at $60K. I told people to buy at 200 WMA which was like $25K. And people called me crazy.

Perhaps they don't understand why we need to buy at certain points when our TA says so. And then you proved your pint months ago, so it's theirs lost.

Now it’s the complete opposite. When it’s a good time to buy people are saying Bitcoin is dead or that they will buy it at $10000 or something like $4000 instead.

Huge sentiment shift.

I guess that the beauty of crypto investment, people are very irrational, same as those who buy at the top of 2017 and 2021 bull run. And then they bitch around saying that bitcoin is dead.

[Lucius]

I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH shitcoins than BTC in the future.

And after 6 years, you have this conclusion? I think you have completely misunderstood some things and think that Bitcoin is a money machine from which you can withdraw more and more money as time goes on. If you have already started making comparisons, you could also put 2015 as relevant with a price of $200, which compared to today is only 120 times more or 60 times more compared to 2016. Bitcoin has become part of the market, and if you haven't noticed, the situation has not been great lately - all of this had to be reflected in the price of Bitcoin.

That altcoin you mention is planning to replace POW with POS this year, and that is not something that can have a positive impact on the price (at least not in the long term).

[Furious 7]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Maybe something like this will be useful if you tell people who don't like bitcoin that they can give more derogatory alibis and they still have material for distrusting bitcoin
But here I think you will only be considered as a joke if you say something like this because this is indeed one of the things that can be considered stupid (sorry to say this).
But I like the opinion of @a1 Hashrate LLC2022 you could say this to create panic for some newbies because you are ready to buy, Nobody knows about it lol.

[Silberman]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

This is a very superficial analysis, if the price had remained static or close to it for so long then you may have a point, but that was not the case, the price went as low as 3k and as high as 69k during that time, the volatility was extreme and that volatility is what gives you the chance of making a lot of money as a trader by timing the market or as an investor by buying the dip or using the dollar cost averaging strategy during that period of time.

[GreatArkansas]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Bitcoin stayed above $20,000 when the month of July closed, I'm very happy and positive about that, and for the month of August I am still bullish.
Resistance is $30,000 and support is still $20,000.
This is just showing how the peak of 2017 is a strong support right now.

[Lantind]

Your perception is wrong in this case, the momentum of a declining coin is almost inseparable in the market, in fact the coin's journey will be faced with two problems, namely correction and increase, if your assumption of holding bitcoin is useless, many people will leave crypto, bitcoin itself is the source of many of the coins that exist today, even if you can take advantage of short trades for bitcoin, while at this time can also make small profits, try to think big for the impossible.

[Reid]

You just urged me to buy more. I appreciate the reverse psychology of your statement. 
There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

[suzanne5223]

You just urged me to buy more. I appreciate the reverse psychology of your statement. 
There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Apart from the OP comparison not being correct, she claims Bitcoin has lost it's bullish and there's no point in holding which makes me believe she didn't understand the 4 years cycle of the Bitcoin market or she's just after the bullish market.

[Shasha80]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Maybe something like this will be useful if you tell people who don't like bitcoin that they can give more derogatory alibis and they still have material for distrusting bitcoin
But here I think you will only be considered as a joke if you say something like this because this is indeed one of the things that can be considered stupid (sorry to say this).
But I like the opinion of @a1 Hashrate LLC2022 you could say this to create panic for some newbies because you are ready to buy, Nobody knows about it lol.

Most of the members on this forum strongly believe in the future of Bitcoin and would never think holding Bitcoin is pointless. Even for people
who have known Bitcoin since 2017, seeing the current bear market is increasingly motivated to collect as much Bitcoin as possible.
Because the history of Bitcoin movement has proven that Bitcoin prices always recover, and a very profitable thing if we can hold Bitcoin
in the long term.

So if someone says Bitcoin won't be bullish anymore and holding Bitcoin is a waste of time, of course it's a big joke in my opinion. I understand
a lot of people are tired and panicked by the bear market that hasn't ended this year yet. Even though it is natural that throughout this year
there will be a bear market, especially in 2021 there has been a bullish trend, so now is the time for correction. So we have to be patient holding
Bitcoin, never give up seeing the price of Bitcoin that has not recovered until now, because it is like the crypto world works, we can not expect
profit instantly. Sometimes it takes a long time to wait for Bitcoin to recover.

[Nrcewker]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Different people have different opinions.
And yes different people also have different mindset.
A person like me who has been in this crypto field for more than 8 years, know the true value of Bitcoins.
Believe me I have seen couple of bear markets and also seen the all time high price of Bitcoins.
So it’s totally worth to hold the Bitcoins. These bear markets are common, often newbies like you will fear to hold their coins.
Nevertheless let’s hope for the best and respect each other’s ideologies.

[ethereumhunter]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Feel free to say that holding BTC is pointless because we are free to think that way. But if people still intend to hold on to their BTC, you can't force what you say on them. BTC has not lost its bullish momentum and will again in the days to come so those who are still holding their BTC today and even still buying every BTC in the market will earn decent profits in the future. Who knows if the price of BTC will increase again this year or next year but it will happen again, considering we have seen what has happened with BTC so far. I still believe BTC will rise again.

[yohananaomi]

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

I think so, the price of Bitcoin will always fluctuate there is always an opportunity to buy if we think today is the best price to sell, too long Hold is not effective at this time, it is better to sell at least 10%, I do the technique for almost 4 Moon and the results are satisfying.

I think everyone will have an analysis of what they will do, so there are those who still want to stick with what has been done not to sell it, maybe because they have no other alternative and still believe that the time will come for bullish.
but there are also minds like you pal, who make sales, but I agree that not to sell them all because it's too risky to get the best price again when you buy it.
there is always a belief that bitcoin will repeat itself and will achieve its glory even if it may take too long.