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

[RAppleby]

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.

Here's a look at the one-year chart. Buying Bitcoin now can the price rise tenfold by this time next year? When the unit of the chart is year, it can indeed be seen simply and clearly that there has been a substantial rise or fall. But the daily changes are small, and we may not be able to make the right choice. So making the right choice at the right time is extremely important.

[tabas]

Feels like a very long time ago the price was in the $60,000’s. It’s going to take 2 years or so but we will hit a new ath & go far higher than the current ath.

Only the strongest hands can handle the volatility of bitcoin & the long, bleak bear markets we have to endure.

Stay patient & stack sats.

I really hope so. Bitcoin's been often proclaimed as the new "safe-haven" asset in times of crisis, but what I've seen is all of the contrary. I know BTC is for the long-term, but most people are really looking into short-term results. Something that could protect them at a time when there's global uncertainty just like Gold. The latter hasn't experienced a large decline in price, unlike Bitcoin. I guess people still trust Gold more than they would trust Bitcoin. I don't blame them since Bitcoin is still relatively new to the world. Gold has been around for centuries, while Bitcoin is only 13 years old.

Bitcoin really became a safe haven especially in these times when there were too many uncertainty that comes in the market. Projects collapsing, exchanges filing bankruptcy. While for bitcoin, we'll unlikely going to see it come. So while those investments are into different projects that have been trusted by investors, they don't want to get on bitcoin because of mere reasons that they're justifying as an expensive asset. Well, they don't want it so they experience a more expensive lesson. Those that are in the short term will realize how easy it is to just go long term with bitcoin and be patient because it's all worth of the risk they're taking. And for the gold investors, it's okay, respect to the older ones but they'll soon realize that they have to hold bitcoin too.

I think BTC needs more time to mature for it to become a reliable store of value. Maybe 2024 will take us all by surprise with BTC crossing its latest ATH of over $60k per coin? Just my opinion

2024 and so on is likely going to come again by storm. And many will be encouraged again and will this market but will dislike it once the bear market occurs again, the typical cycle we get.

Here's a look at the one-year chart. Buying Bitcoin now can the price rise tenfold by this time next year? When the unit of the chart is year, it can indeed be seen simply and clearly that there has been a substantial rise or fall. But the daily changes are small, and we may not be able to make the right choice. So making the right choice at the right time is extremely important.

If we look at the daily changes, they're really unrecognizable because they're small. But you see how far it can go with all of those changes that we see for bitcoin's price. And with a span of a year, too many things can really happen and done.

[minime0105]

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.

When you noticed, you will see that the people who are curious of thinking that since the Bitcoin price is coming down probably they have lose in Bitcoin, but that's not right, because the future of Bitcoin always relates that they do go up and down, so i believe that Bitcoin from the day of it's introduction it has not a fixed price via cryptocurrency, i know that, as well that Bitcoin price always go up and down, and no day or season the price have become stagnant from my understanding, so those panicking for the poor price of Bitcoin currently should be newbies in Bitcoin investment.

[Newlifebtc]

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.

Here's a look at the one-year chart. Buying Bitcoin now can the price rise tenfold by this time next year? When the unit of the chart is year, it can indeed be seen simply and clearly that there has been a substantial rise or fall. But the daily changes are small, and we may not be able to make the right choice. So making the right choice at the right time is extremely important.

This is the best time someone can buy Bitcoin because buying bitcoin now and hold for long periods whenever it's a prize increase you will realise the prophet because in 2009 when bitcoin was Martin those people who buy bitcoin and the hold are now a billionaire because of the increment of bitcoins

[serjent05]

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.

When you noticed, you will see that the people who are curious of thinking that since the Bitcoin price is coming down probably they have lose in Bitcoin, but that's not right, because the future of Bitcoin always relates that they do go up and down, so i believe that Bitcoin from the day of it's introduction it has not a fixed price via cryptocurrency, i know that, as well that Bitcoin price always go up and down, and no day or season the price have become stagnant from my understanding, so those panicking for the poor price of Bitcoin currently should be newbies in Bitcoin investment.

People should look forward if ever the bought Bitcoin at the higher price.  Bitcoin is cyclical, it only means that after this dip, Bitcoin will recover and eventually surge again.  If they look at the chart price history of Bitcoin, Bitcoin always surges after halving.  They just need to hodl and ignore the paper loss.  Unless they sell, they never lose anything.  The problem for most of holders is they lack patience and faith in Bitcoin.

[Hamphser]

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.

When you noticed, you will see that the people who are curious of thinking that since the Bitcoin price is coming down probably they have lose in Bitcoin, but that's not right, because the future of Bitcoin always relates that they do go up and down, so i believe that Bitcoin from the day of it's introduction it has not a fixed price via cryptocurrency, i know that, as well that Bitcoin price always go up and down, and no day or season the price have become stagnant from my understanding, so those panicking for the poor price of Bitcoin currently should be newbies in Bitcoin investment.

People should look forward if ever the bought Bitcoin at the higher price.  Bitcoin is cyclical, it only means that after this dip, Bitcoin will recover and eventually surge again.  If they look at the chart price history of Bitcoin, Bitcoin always surges after halving.  They just need to hodl and ignore the paper loss.  Unless they sell, they never lose anything.  The problem for most of holders is they lack patience and faith in Bitcoin.

You should always put up into your mind that even if you had bought on cheaper price doesnt mean that you should panic sell to cut losses which is really a very wrong mindset to have.
As long you dont sell then you dont lose nothing and its better to accumulate more since the price is really that cheap nowadays which its is ideal if you do really consider out
on buying as of this moment because this market cant really be like this forever which means that there would really be a time where everything would really be having recovery or even have that bull run.
Good into those days where price do hits up 64k but we cant really be having a market to have continous price increase which it would be normal that there would be a correction
and it would really be just a normal market cycle.

[Vaskiy]

It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.

[Fivestar4everMVP]

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.

How time indeed flies, right here and now, it's still feel like it was yesterday that bitcoin reached this all time high.
And it is unfortunate for those who bought at this top, most especially for those who wanted some quick profit and never intended to hold for long, they had (and for those that haven't sold) still have the option to either sell at a loss or keep holding waiting for the next break which will put bitcoin back to this price and above.

Halving is coming for sure, but my question is, has halving become the major and only  catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...

[South Park]

It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.

While it is true that the bitcoin in your wallet remains the same regardless of its value in fiat, when the price goes down by so much it is difficult for most people to accept this because as we know more than anything they are looking to obtain benefits in fiat terms, so I think a better way to motivate those people to keep holding their coins is to show them the charts of bitcoin and demonstrate to them that bitcoin will eventually recover and go even higher than its previous ATH if given enough time.

[carlfebz2]

It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.

While it is true that the bitcoin in your wallet remains the same regardless of its value in fiat, when the price goes down by so much it is difficult for most people to accept this because as we know more than anything they are looking to obtain benefits in fiat terms, so I think a better way to motivate those people to keep holding their coins is to show them the charts of bitcoin and demonstrate to them that bitcoin will eventually recover and go even higher than its previous ATH if given enough time.

No need to demonstrate and it would be much better if they are the ones who do make out those realizations on the first place because if you do really make out some in depth research then you could really find
out these information which you are the ones who would really be realizing if its really that worth or not.
Its true that it cant really be avoided for you not to panic whenever you do see your bitcoin value in terms of fiat is dropping then it could really make you that impulsive and everyone do surely be able to
experience it because this is how market behaves.
This is where peoples experience and awareness do really works on which you would really be acting out basing into your own personal experience which you are aware
on what you should gonna do on such situation.

[tabas]

It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.

Yes, the equivalence of bitcoin remains to be there. And when someone is feeling down with the market, they can just go back to a thread like this or any other thread that's showing how huge the market has went already. If it's not for the cycle and pattern that has been shown, many won't be optimistic as we are because we know that the same thing will just happen and repeat.

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.

How time indeed flies, right here and now, it's still feel like it was yesterday that bitcoin reached this all time high.
And it is unfortunate for those who bought at this top, most especially for those who wanted some quick profit and never intended to hold for long, they had (and for those that haven't sold) still have the option to either sell at a loss or keep holding waiting for the next break which will put bitcoin back to this price and above.

Halving is coming for sure, but my question is, has halving become the major and only  catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...

Sadly, those that have bought at the top has to keep until it goes back there but those that have no chill and lost their patience, they've probably sold at loss already. About your question with halving, well, it's a sure boost to bitcoin's price because on how it cuts the reward for the miners, we're just going to look at the part of its lesser supply but higher demand. It's really the main factor of why the price of bitcoin goes up, it's been recorded if we start looking at those numbers in the past up to this time.

[cheezcarls]

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

And until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on.

I blame myself for being hesistant in buying BTC with my extra “not beer money”.

Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all.

[Minor Miner]

Halving is coming for sure, but my question is, has halving become the major and only  catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...

What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not.

[Ucy]

Bitcoin actually reached $69,000 last year. I remember it miraculously reached that price when it was claimed that our chance of getting paid for doing some work depends on price reaching $69,000—70,000. The price eventually got to the level soon and people were happy even though the price increase was attributed to someone else instead of the ONE who made it possible.

[Yatsan]

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

And until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on.

I blame myself for being hesistant in buying BTC with my extra “not beer money”.

Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all.

Ease your mind. The market has still a tendency to be at that point again we all need to be patient. Avoid yourself from selling not unless necessary or you are needing money but as much as possible don't. You might be aware of this alreadym Losses from a market price downfall are just temporary and will only be permanent if you would sell it at a lower point. And we just don't want that to happen as investors. For sure having huge losses is tough. If you really trust this technology, buying at this point, to add up your asset would be better, as long as you can endure a couple of months more of being in red marks.

Halving is coming for sure, but my question is, has halving become the major and only  catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...

What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not.

History repeats as well in this industry but don't expect for same thing to occur exactly as it was 'coz there is no consistency with market behavior. The only pattern we can see as investors are up and down trends. So be cautious still.

[tabas]

And until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on.

I blame myself for being hesistant in buying BTC with my extra “not beer money”.

Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all.

I feel you brother! But don't you worry, everything's going to be fine again soon. And as you DCA, keep doing it and don't lose hope because you're doing the right thing at this time. You may have lost that opportunity from the last bull run, there's still going to be the next bull that we'll see a few years from now. There's no guarantee but we all know how cycle works and we've seen it happen before and there's a bigger chance and possibility that it will.

Bitcoin actually reached $69,000 last year. I remember it miraculously reached that price when it was claimed that our chance of getting paid for doing some work depends on price reaching $69,000—70,000. The price eventually got to the level soon and people were happy even though the price increase was attributed to someone else instead of the ONE who made it possible.

Yes, the ATH was $69k and the $64k was just a way of it. But those tasks that were paid in dollars, they're converted into bitcoin and they got lesser because of the high price during that time.
Is that someone else you're talking about is Elon Musk? Or there's someone that has been attributed with that price increase and ATH?

[Pam beasely]

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

Yes!!
To add more details to it -
As per CoinPedia Price prediction Novemeber 2021 -
September 7th 2021 was a historic day for Bitcoin, as it became a legal tender in El-Salvador, which pushed the price to $53k. The price of Bitcoin took a move to a New ATH of $69,045 on the 11th of November.

and look at today's bearish market. Bitcoin attempted to begin with a recovery phase last week, but this black friday BTC crypto price has dropped by around 2% diving the prices lower close to $16,400 at the moment which may be extended below $16,000 very soon.

[Abiky]

What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not.

Bitcoin has always bounced back in price, even when it has gone through the worst. I'm pretty confident the same will happen again after the next block reward halving. Those who didn't buy BTC when it was trading below $20k, will regret themselves when BTC gets past $100k per coin. After the pioneer cryptocurrency reaches a new All-time-high in price, it's very unlikely it'll be worth less than $20k again. That's why it's important to take advantage of every dip in price to help secure your financial future.

Who knows if buying BTC now will make you extremely wealthy in the long term? As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts

[Minor Miner]

What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not.

Bitcoin has always bounced back in price, even when it has gone through the worst. I'm pretty confident the same will happen again after the next block reward halving. Those who didn't buy BTC when it was trading below $20k, will regret themselves when BTC gets past $100k per coin. After the pioneer cryptocurrency reaches a new All-time-high in price, it's very unlikely it'll be worth less than $20k again. That's why it's important to take advantage of every dip in price to help secure your financial future.

Who knows if buying BTC now will make you extremely wealthy in the long term? As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts

The fact is that no one is able to predict the future with any certainty, but I also believe that bitcoin will recover and be able to reach its ATH within the next halving. I also believe 20k or under 20k maybe this is the last we will see it, like 3k happened during bear season in 2018, a lot of people regretted not buying bitcoin at that time and now history is repeating itself. We cannot say that holding bitcoins will make us rich but we will certainly have a better life if we invest in bitcoin.

[lienfaye]

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.

Everytime I think of the previous price of Bitcoin, years ago (lowest and ATH), I realized that I made a mistake for not buying before the price drastically increased. It's because of the doubt and fear of losing my money. But as time goes by and witnessing the ups and down, what i'm certain is, whatever price Bitcoin might have right now, it's not permanent.

I'm optimistic Bitcoin will reach (or might surpass) the ATH last year again in the future though it's uncertain when exactly. It could be after halving, only time can tell.