Throwback: Bitcoin was $64k today, a year ago.

[tabas]

This isn't sponsored or paid post by Coingecko.

I was just browsing and saw their post on their Facebook page and it hits me after reading it. A throwback Thursday and it's been a year already since bitcoin has reached $64K+ (actually $66k on CMC's chart as for checking it) and there's more to this price because this wasn't the highest. But considering this throwback and this price is closest to the ATH that we've made last year. I'm sure that many will reminisce that moment when you're about to sell but didn't because you think that the price will go higher until you were not able to sell and missed it. And also those that have bought at the top and then has to hold it until now or sold when it's a bit lower to cut losses.

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.


Source

[BitcoinBarrel]

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.

[100bitcoin]

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.

Just to let everyone know, you may check Bitcoin Price on Current Date for Last 10 Years on 100 Bitcoin everyday.

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

I know many, who did not sell at 10x and now sitting way over 100x.

[virasog]

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.

You can say that bitcoin was 10x return a year back and it was a good time to sell. But do you remember when bitcoin was at 69,000$, the whole media, everyone was shouting for 100K bitcoin? At that point, it was hard to sell when everyone was anticipating 100K.

You can call this greediness, but these whales make such an environment that a common man like us never sells and keep holding.

[kryptqnick]

I didn't realize it's been a year already, to be honest. It's also almost a year since the ATH, it seems. Well, there are always some setbacks, and there have been pretty bad years for the price of Bitcoin, much worse than the current one. I don't regret anything, and I am sure that Bitcoin recovery is just a matter of time. Hopefully, those who had something significant at $60k+ and didn't sell aren't too sad either if they're still hodling. After all, perhaps the price will be $100k in a couple of years. Maybe it won't, and I'm not saying it's a good strategy to never sell, but regretting not selling is IMO also unnecessary.

[darkangel11]

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.

Just to let everyone know, you may check Bitcoin Price on Current Date for Last 10 Years on 100 Bitcoin everyday.

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

I know many, who did not sell at 10x and now sitting way over 100x.

When you click the graph you can see how much of an anomaly that 64k was compared to the average price in the previous years.
2017-2020 the price was steadily growing by 2k a year and then it exploded to the ATH and got back down. If 2021 was 15k we'd have an almost perfect rising curve with 19k today.

Have confidence in bitcoin. People in 2015 and 2019 also had their regrets and hopes not knowing that they're so close to another high.

[Sterbens]

I didn't realize it's been a year already, to be honest. It's also almost a year since the ATH, it seems. Well, there are always some setbacks, and there have been pretty bad years for the price of Bitcoin, much worse than the current one. I don't regret anything, and I am sure that Bitcoin recovery is just a matter of time. Hopefully, those who had something significant at $60k+ and didn't sell aren't too sad either if they're still hodling. After all, perhaps the price will be $100k in a couple of years. Maybe it won't, and I'm not saying it's a good strategy to never sell, but regretting not selling is IMO also unnecessary.

Yes indeed time goes so fast that we often do not realize that the time has passed so long. That means we will also feel the same way when bitcoin reaches its ATH again. Perhaps we would say, "it doesn't feel like the time has gone by when bitcoin has had such a deep decline". This should motivate us that time is slow because today the market is not doing what we want. I believe if we are patient with eating we will not feel long in waiting for the bull market to come.

[Anonylz]

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.

You can say that bitcoin was 10x return a year back and it was a good time to sell. But do you remember when bitcoin was at 69,000$, the whole media, everyone was shouting for 100K bitcoin? At that point, it was hard to sell when everyone was anticipating 100K.

You can call this greediness, but these whales make such an environment that a common man like us never sells and keep holding.

You are both right in different ways, I would say as from 60k and above was a good time to sell but @virasog pointed out, with such prediction from whales, it was difficult for many investors to make that move to sell. I believe this does serve as a lesson in the sense that every investor should have a goal and a target point so that they don't get confused when the price surpass their target and keeps going. It is a tough but necessary decision to be made.

[TimeTeller]

I didn't realize it's been a year already, to be honest. It's also almost a year since the ATH, it seems. Well, there are always some setbacks, and there have been pretty bad years for the price of Bitcoin, much worse than the current one. I don't regret anything, and I am sure that Bitcoin recovery is just a matter of time. Hopefully, those who had something significant at $60k+ and didn't sell aren't too sad either if they're still hodling. After all, perhaps the price will be $100k in a couple of years. Maybe it won't, and I'm not saying it's a good strategy to never sell, but regretting not selling is IMO also unnecessary.

Yes indeed time goes so fast that we often do not realize that the time has passed so long. That means we will also feel the same way when bitcoin reaches its ATH again. Perhaps we would say, "it doesn't feel like the time has gone by when bitcoin has had such a deep decline". This should motivate us that time is slow because today the market is not doing what we want. I believe if we are patient with eating we will not feel long in waiting for the bull market to come.

The hope is always here as long as more and more people are going into this market.
Get nervous if no one is talking about btc market anymore. But with how things are happening these days,
it seems more and more countries are recognizing the potential of btc, making it as legal tender by small countries.
Also, the adoption is further increasing because more merchants are integrating the crypto payment in their system.
Just look at how many crypto casinos we have today. If there are no people patronizing it, they won't survive.
So this year, we may have not seen an ATH, but the hope of recovering this market is high because of these circumstances.

[The Cryptovator]

I don't think this was sponsored or paid post. Who will pay for that? However, it's a good reminder for Bitcoin lovers, and should take a lesson not to panic sell. This day Bitcoin was near ATH and we know history repeats again for Bitcoin. We don't know what will happen this day next year or after a few days. It's all about the investor's interest. Some people indeed lost who bought in ATH and some made money who sold. Bitcoin is highly volatile and that's why it's the most popular cryptocurrency.

[uchegod-21]

Source

Tbh, whenever I remember that bitcoin has made above $60k, I always have doubt that it will reach that high again. But I have no option than believing the system.  I believe the system but I feel it will be many years coming for bitcoin to reach another ATH. It will not happen fast to happen and If it happens, it will mark the change of the cryptocurrency industry. Many individuals, government and industries will troop into the cryptocurrency industry.

[GreatArkansas]

I still can't believe that some people sat on their hands while BTC was at 67,000$, everyone expected 100k for one BTC and they missed the opportunity, now history is repeating the same thing, sitting on their hands waiting for 10,000$ for one BTC before they start buying.

That's how greed works and hype. Everyone was happy during that time and they are always thinking that we will still go up but shit happens.
So for now, I am curious why people not buying anymore despite of that all-time-high year ago, maybe they are still waiting for some good position or they will be aboard once that all-time-high breaks? We'll never know.

[romero121]

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.

Just to let everyone know, you may check Bitcoin Price on Current Date for Last 10 Years on 100 Bitcoin everyday.

Based on the 100 Bitcoin data the price of Bitcoin in the previous year same day falls below

2013 - $172
2014 - $380
2015 - $270
2016 - $629
2017 - $5953
2018 - $6484
2019 - $7950
2020 - $11752
2021 - $64518
2022 - $19012

This shows that the market during the month of October is in good position in almost all the year.

[Mr.right85]

How times flies. Just now, a year has rolled over and we have now today bitcoin priced at $19k as against $64k daging down to today from a year ago. A difference of over $43k. That's so much for a year and yet, people don't see a buy opportunity nor anticipate the market to have gotten to its dip already.

I think there is no other good opportunity for anyone to buy than now and be ready to wait the time and even more time, it took bitcoin to get to this point in the bearish market before one can hope for some profit in the bulls when it comes.

For those that still hope for a dip below the $17k mark we already have, you might be playing around with an opportunity that could be forever missed. DYOR!

[Rengga Jati]

Source

Bitcoin once reached such high prices, will this happen again?

I am sure that this history will repeat itself and will be even more so. Time flies so fast, it's been a year ago. well, This is the Bitcoin cycle where there is a bullish and bearish era. As long as we are able to survive in this bearish era, we will most likely encounter a bullish period that is more wow than before.

What we are doing today is enough to be patient, especially if we have free money to invest in Bitcoin, this will be more promising than just complaining about the current Bitcoin price.

[Stalker22]

The truth is, all investments are risky. Whether you are investing in stocks or Bitcoins, the most you can really do is choose an investment opportunity that matches your risk-profile. And as far as Bitcoin goes, it is clear that the potential for profit has never been higher. While short-term price movements may be uncertain, the long-term trend for Bitcoin remains bullish, and many experts believe we will eventually see Bitcoin prices surpassing last year's all-time high.

[OcTradism]

Bitcoin has its cycle of bullish, bearish, bullish with a period that last about 4 years. The 4 year cycle is affected mainly by Bitcoin block reward halving after each 210,000 blocks. With an average block time is 10 minutes per block, each halving has a period about 4 year.

You can get estimated next block halving day from  https://www.bitcoinblockhalf.com/

It would be some day around May 2024, not too far from now.

In history, with each halving, Bitcoin will make a new all time high in its new bullish market. I believe $64,000 will not be a price we have to worry about in 2024.

[bakasabo]

Double throwback - two years ago Bitcoin price was almost two times less than it is now. Hope that information will calm down those who worry about loosing opportunity to sell at $64k. And it just shows that holding is one of the best solution. Imagine a person has bought Bitcoin two years ago and made x2 minimum and x6 maximum.

[Haunebu]

Time passes quickly as usual. I still remember BTC soaring to that magical price point and I kept thinking that $100K was right around the corner. It's sad to see it struggling to even rise above 20 grand these days, but this is simply a bad phase.

All currencies(FIAT and Crypto) are suffering these days thanks to inflation etc.

Am confident that BTC will rise slowly and steadily back to its previous ATH and surpass it once the global economy recovers completely which probably might take a couple of years.

[KaliLinux]

Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.

You can say that bitcoin was 10x return a year back and it was a good time to sell. But do you remember when bitcoin was at 69,000$, the whole media, everyone was shouting for 100K bitcoin? At that point, it was hard to sell when everyone was anticipating 100K.

You can call this greediness, but these whales make such an environment that a common man like us never sells and keep holding.

You are both right in different ways, I would say as from 60k and above was a good time to sell but @virasog pointed out, with such prediction from whales, it was difficult for many investors to make that move to sell. I believe this does serve as a lesson in the sense that every investor should have a goal and a target point so that they don't get confused when the price surpass their target and keeps going. It is a tough but necessary decision to be made.

Rightly so. We cannot continue to follow the hype without having our own target in this cryptocurrency market. We all invested at different times and ought to be looking at different profit-taking points however if we feel we want to continue HODLing through the continuous Bears and Bull market without selling, then those are the Diamond Hands  but Bitcoin that we have come to know will surly rally back but only a matter of time.