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

[justdimin]

Oh well how time flies isn't it, yeah I still remember when the price is above $60k because when I check my wallet I was surprised to see how much it has increased although I sold some earlier. (I still have some though up to this day and continue to accumulate).

Anyhow, history will repeat itself again, maybe in 2025, when the price is around 6 digits there will be a lot of tweets about the current price.

I do agree that we do not know the time when it will repeat itself, but I know that it will definitely happen eventually. This is why I think investing right now is such an easy decision, it should be reaching to a level where it could be a lot higher, and that would be seriously good for our wealth, and we do not have to do anything about it, the result is already there, you just buy right now, and wait for it to go up just like everyone expects it to go up and you will profit from it.

I believe that this is the best decision of my life, I am going to profit from it very easily and it will not take too long neither, just a few years and I will have a great return.

[1714847754]

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[Daltonik]

Hype and greed have done their job before, it will also happen in the future, any ATH is someone's profit and someone's pain, perhaps a hundred years from now, the price for bitcoin of $80,000 will look like a rollback on the next bearish cycle, unless of course something extraordinary happens.

[LogitechMouse]

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.

I think I'll put this on my mind starting from now.
TBH, I'm only having an unrealized loss right now just because I didn't sell my Bitcoins, but I'm holding it for long term. Because of this advice, I will sell a portion of my Bitcoin portfolio to buy something that I need. I mean it isn't just because of this advice that I will sell my Bitcoins, but I already planned of selling it when the bull run starts again.
I was a year ago, but I didn't feel that it really is.

This just shows that Bitcoin is very volatile. It can make your money x10 in just a matter of 3-4 years but at the same time, it can make your capital go down 10 times. Bitcoin is volatile but that volatility makes millionaires. This also shows that if you already bought at the top by mistake, it would be better to not panic and just hold it until the new bull run starts again.

[Sterbens]

Hype and greed have done their job before, it will also happen in the future, any ATH is someone's profit and someone's pain, perhaps a hundred years from now, the price for bitcoin of $80,000 will look like a rollback on the next bearish cycle, unless of course something extraordinary happens.

Yes you are right, the price we now see as the previous bitcoin ATH will probably be the lowest price for the future. Yes, that's something we might see in the future. Many people have complained that the price of bitcoin 100k is considered a bear market. Everything that looks hard to happen will all be different if we have stepped on that price. It just takes time for us to see it actually happen.

[qwertyup23]

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.

I remember the time where BTC reached this price peak and I refused to convert it to cash thinking that the trend would to increase. A few months after such peak, its price dropped and slowly it failed to recover from this price point.

I definitely agree with your statement- if the price increases tenfold or at least the initial price, then it is a good time to sell at least 50% of your total coins. You will definitely never know when its price would increase/decrease as it is also dependent on current events.

[DapanasFruit]

Good to see that a year has passed since Bitcoin reached the $60K level zone. I can still remember that in those days, many people and crypto supporters thought that it would most likely be $100K as BTC's next stop. Unfortunately, things did not work out as we know that the price slide down slowly to where we are right now. Well, we have nothing to regret all because we know that Bitcoin is very unpredictable...and soon we don't know just yet BTC can be back to where it was before...right at its ATH.

[gunhell16]

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

All I can say is that at the time it was 64k$ per bitcoin and those who sold it for around 60k$-64$k were real winners and they made a lot of money. Now, to those who were not able to sell at that time although they had bitcoins then and until now they still hold them in the belief that they will increase or exceed 64k$ each maybe or probably these holders feel great regret for themselves why they didn't sell. But even so, they have nothing to regret because the important thing is that they still hold their bitcoin holdings, the value is just low at the moment.

And then for sure after 2 years from now, they will see the result of their handling of their bitcoins in this coming period.

[EarnOnVictor]

Nice observation but certainly not a good memory to behold, especially if the person is one of the holders of BTC till now. There is hope, better days are still ahead as BTC is concerned. By calculation, in just 365 days, a very huge loss of almost divided by 3.5 has happened, which might have caused a serious panic if it were to be the stock of a company. But here we are, BTC is still moving and has a better hope of rising back, we should get ready for it.

Inflation and economic issues around the world added to the losses, but from 2023, better economic recovery would help it, while halving will push it even higher in 2024 and beyond.

[worle1bm]

This is sad to see that one time we were in the $60k price range and now it's over full year we are struggling to rise and now stand at $19k so much down from ATH but it's time factor as you see few years back in 2017 ATH was around $20k at which we are sad now.But I am sure after few years we will realise how this phase also passed for holders.There is panic and sell off situation in market for those who see it as sign to sell but it's opportunity to buy and long term holding so grab it if you can.

[Z-tight]

interesting to share this information, reminiscent of last year's history of profit buying some altcoins and selling them exactly a year ago, now is the right time to buy them back at cheap prices, I know it will be profitable for me in the next few years, believe me buy it now is the right time

Bruh now isn't the right time to buy altcoins, do not be deceived by their cheap prices in the bear market, so many of them will not recover from the bear market, and they may never rise higher than the 'cheap price' they are trading at now, by the time the cypto winter is over so many altcoins wouldn't even be tradable anymore. As you are looking for coins that will be profitable for you in the next few years, then altcoins are not for you, but bitcoin, start buying BTC now using DCA, so you would not miss the bull train when it starts to move fast.

[tabas]

Hype and greed have done their job before, it will also happen in the future, any ATH is someone's profit and someone's pain, perhaps a hundred years from now, the price for bitcoin of $80,000 will look like a rollback on the next bearish cycle, unless of course something extraordinary happens.

That's correct, and when that comes, those that have never taken the advantage of taking their profits on the last run will learn their lesson. And when there's some shoot up to the price, many will start doing their thing and I do agree that the next ATH could be the bare minimum of the future's price.

I was a year ago, but I didn't feel that it really is.

This just shows that Bitcoin is very volatile. It can make your money x10 in just a matter of 3-4 years but at the same time, it can make your capital go down 10 times. Bitcoin is volatile but that volatility makes millionaires. This also shows that if you already bought at the top by mistake, it would be better to not panic and just hold it until the new bull run starts again.

It's so quick that it's been a year already and we're now missing to stay at the ATH but we'll be back there soon. And about bitcoin's nature of volatility, this is what I like it the most when we're unsure what's going to be ATH of it but we're assure that we're at the right placing of it when it happens.

All I can say is that at the time it was 64k$ per bitcoin and those who sold it for around 60k$-64$k were real winners and they made a lot of money. Now, to those who were not able to sell at that time although they had bitcoins then and until now they still hold them in the belief that they will increase or exceed 64k$ each maybe or probably these holders feel great regret for themselves why they didn't sell. But even so, they have nothing to regret because the important thing is that they still hold their bitcoin holdings, the value is just low at the moment.

And then for sure after 2 years from now, they will see the result of their handling of their bitcoins in this coming period.

I can say that there are also unrecognized winners and those are the folks that have bought when it's on all time low of $3k and then managed to keep it up to the ATH and sold it. While some of them might have bought at the $3k range and then haven't sold but they're still up in profits til' this date.

Inflation and economic issues around the world added to the losses, but from 2023, better economic recovery would help it, while halving will push it even higher in 2024 and beyond.

Yeah, but we can look at it as the brighter side because despite of these things and issues, bitcoin remained steadfast and firm and became one of the best performing assets and will retain that place as everything recovers.

[Odo1972]

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.

https://i.imgur.com/yY1Og9t.png
Source

Now that I have a few dollars worth of Bitcoin, I want Bitcoin to do that magic again.

[Abiky]

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.

Bitcoin may be struggling to get past $20k these days, but we cannot deny the fact that Fiat currencies have fared worse with ever-rising inflation rates. To say the least, Bitcoin has performed pretty well during these hard economic times. It has retained a price range of $18k - $20k, despite further pressure on the global economy. Considering that Bitcoin is still going strong, we can say it's the best-performing asset on Earth.

You can bet BTC will soar well above just $64k per coin once everything goes back to normal. This is nothing more than the perfect time to accumulate as much BTC as you can while it's still "cheap". Who knows if you'll become the next Bitcoin millionaire someday? Just my opinion

[Minecache]

interesting to share this information, reminiscent of last year's history of profit buying some altcoins and selling them exactly a year ago, now is the right time to buy them back at cheap prices, I know it will be profitable for me in the next few years, believe me buy it now is the right time

Now is the time to buy bitcoin, not altcoins, that will be the only coin that will be able to recover from this bear market. Altcoins are too risky to buy during bear season even though their prices are cheap but there is no guarantee that your alts will recover like bitcoin. Remember that the old altcoins of 2017 they cannot revert to ATH and are replaced by new altcoins.

History may repeat itself, bitcoin recovers altcoins will be displaced, focus on bitcoin if you want to feel happy again when the bull season returns, when bitcoin will hit $100k.

[Don Pedro Dinero]

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.

That was not the only thing that happened. I think most of us were expecting the price to go much higher. At least 100,000 USD, and that was one of the most bearish predictions out there. There were also a lot of people and institutions using leverage, which were subsequently cascaded out, houses like Celsius and others had the problems that we all know.

Now we just have to look at the next halving and what will happen next. I think the price will go up before the next halving but we will have a lot of monotony.

[jakdanyel]

I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.

[tjtonmoy]

We will cross that threshold too, one day. BTC is now chilling at 20k+ price point. It is still not bullish yet as far as i can see. but be assured that we will cross the 100k+ mark in no time. Maybe not today or tomorrow, hopefully soon that will happen for sure. It's just a matter of time.
Bear market is an opportunity. Fill your bags and just forget about it.

[ethereumhunter]

We will cross that threshold too, one day. BTC is now chilling at 20k+ price point. It is still not bullish yet as far as i can see. but be assured that we will cross the 100k+ mark in no time. Maybe not today or tomorrow, hopefully soon that will happen for sure. It's just a matter of time.
Bear market is an opportunity. Fill your bags and just forget about it.

That's also if people can see the current opportunity to buy more and fill their bags. Otherwise, they will wait and do nothing but watch the price move up and down. Those who see it as a great opportunity to buy more in this bear market will surely get a bigger profit than others. And with the bitcoin price returning to $20k now, it can give hope that any bitcoin high will be broken and eventually, we will see another bull run. And while that hasn't happened yet, we should be able to seize the moment to buy more.

[Asiska02]

I can still clearly remember when the price of bitcoin was at that level; I had no idea that it had already been a year. Back then, it was the topic of conversation in the media, and anyone who had bitcoin was regarded as the wealthiest person in town. Those, among other factors, sparked my interest in learning more about bitcoin, although it took me some time before I joined this forum for that purpose.

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.

For those who held it back then and for those wishing to enter it now, these could serve as a lesson. People who held bitcoin back then and hoped to sell it for $100,000 but were unable to do so or who later sold it for less money will be saddened. This can be attributed to pure greed. And those who profited by selling at a greater price, regardless of how little, relished such times. By identifying the traits of a successful trader or investor, one may distinguish between these two types of people.

[Nrcewker]

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.

So are you regretting that you aren’t unable to sell the coins at that time? I mean who knows what gonna happen in future. You can only say anything based on luck. I myself had bought Bitcoins at 50k usd and right now holding it. Does that make me impatient? Nevertheless coming back to OP, it’s really great to see that BTC has impacted a lot in many people’s life. Definitely I can proudly say that after 3-4 years when BTC will be at 100k usd or more, people will recall this time and will frown that wish they had bought Bitcoins in the bear market when BTC was around 20k usd. Let’s not expect more and wait to see what happens next.