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Author Topic: What if BTC won't see ATH again?  (Read 1434 times)
MainIbem
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April 29, 2023, 10:21:21 PM
 #81

Sometimes I kept wondering why people over bothered them selves with bitcoin prices, there are still time for us and bitcoin is here to stay and doesn't have where to go we'll leave it and go one day so people are still yet to know about bitcoin.

With time the whole world will get to know about bitcoin then we may know we had a better chance to buy at cheap price but instead we always get worried of the price or even focusing on seeing new All-Time-High which I think isn't pretty cool with us.


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April 29, 2023, 10:45:44 PM
 #82

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.

So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.  

Some reasons collected so far:

1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."
2. "... as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong."
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."
Even if we think differently, Bitcoin will be at the top of the global economy in the coming days. Usually many people are busy buying gold and land to protect their wealth from inflation but Bitcoin has gained huge popularity among everyone to make the situation more transparent and faster. People can easily control these digital assets. Day by day people's demand is increasing and they are also getting huge incentive to collect Bitcoin so there is no doubt that Bitcoin will be bullish again in the coming days. Bitcoin is needed not only for temporary profit but also to protect assets from this inflation.

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April 30, 2023, 05:32:18 AM
 #83

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.

So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.  

Some reasons collected so far:

1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."
2. "... as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong."
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."
Of course, this will never happen as we can see how much the cryptocurrency market has changed compared to the past. If Bitcoin does not ATH again then the entire cryptocurrency will be destroyed. and you can wait and see what the future holds for Bitcoin. It won't take much time for the market to ATH where it is currently. We may soon see the Bitcoin market grow again.

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April 30, 2023, 08:52:40 AM
 #84

it never crossed many people's minds that bitcoin touched $ 50k but in fact bitcoin has reached that price, now people are asking whether bitcoin will touch $ 100k, and although no one can confirm it is 100% but bitcoin will definitely touch value $100k/BTC.
Perhaps, it was possible but I haven't think it right now. Because reaching $100k is not that easy, not that we think when people and these investors never know how to hold but just sell their Bitcoins when there are short pumps. We'd see the price before keep on growing, we make it as a basis for the future, we are able to reach $20k, another $60k for new ATH, and we are expecting a higher price in this bull season. That is how we viewed the journey of Bitcoin and we gain some faith but couldn't assure that it all be happening this time as it remains unpredictable.

of course, it's not an easy thing for bitcoin to reach $ 100k (besides needing good news, it also requires big adoption) but back to how people thought about the value of bitcoin in the past, even in 2016 many people never thought the price of bitcoin would touch $10k (that's why many people are trivial with the bitcoins they get either from the faucet - airdrop - mining).
now we all have to be able to learn from experience and everyone must have an investment in bitcoin regardless of whether the price of bitcoin will touch $100k or not because bitcoin is an investment asset that is very strong and resistant to anything even if it is very volatile (unstable like the price of gold).



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April 30, 2023, 03:35:59 PM
 #85

While there are no assurances , Bitcoin's thriving institutional adoption, circumscribed supply, and decentralized nature makes it an enticing substitute to local currencies, which could contribute to another all-time high in the future.

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April 30, 2023, 04:34:22 PM
 #86

There are no real assumptions for something like this because indeed in this case I think it's one of the risks and the worst possibility that will happen but the problem is with the current conditions I think ATH will still happen sooner or later something like this is still possible to happen.
What you said about there are still many people who still don't buy and even know BTC is true but on the other hand it doesn't matter, adoption is still continuing and we have to be aware of the current conditions that more and more people know BTC believe it or not a chart like this will continue to rise.
Even though all possibilities are still going to happen considering the Volatility but for ATH I'm still sure of that.

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April 30, 2023, 04:45:08 PM
 #87

Of course, this will never happen as we can see how much the cryptocurrency market has changed compared to the past. If Bitcoin does not ATH again then the entire cryptocurrency will be destroyed. and you can wait and see what the future holds for Bitcoin. It won't take much time for the market to ATH where it is currently. We may soon see the Bitcoin market grow again.
The crypto industry will continue to grow regardless of whether bitcoin can mint new ATH or not. Actually bitcoin ATH is not the determining factor that will keep the crypto industry going, but bitcoin ATH can have an impact on the enthusiasm and confidence of many people to hope for a better future.

Fundamentally the future of bitcoin is also undefined because of ATH, I tend to think that growing adoption and real use cases will keep bitcoin around and used rather than just hoping for ATH. ATH is desirable because bitcoin is considered an investment and trading asset, while some consider it a store of value. But if you're using bitcoin as a means of payment, then I think you're very likely not to care too much about ATH.

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April 30, 2023, 09:45:47 PM
 #88

Of course, this will never happen as we can see how much the cryptocurrency market has changed compared to the past. If Bitcoin does not ATH again then the entire cryptocurrency will be destroyed. and you can wait and see what the future holds for Bitcoin. It won't take much time for the market to ATH where it is currently. We may soon see the Bitcoin market grow again.
The crypto industry will continue to grow regardless of whether bitcoin can mint new ATH or not. Actually bitcoin ATH is not the determining factor that will keep the crypto industry going, but bitcoin ATH can have an impact on the enthusiasm and confidence of many people to hope for a better future.

Fundamentally the future of bitcoin is also undefined because of ATH, I tend to think that growing adoption and real use cases will keep bitcoin around and used rather than just hoping for ATH. ATH is desirable because bitcoin is considered an investment and trading asset, while some consider it a store of value. But if you're using bitcoin as a means of payment, then I think you're very likely not to care too much about ATH.
We know that Bitcoin did really be able to prove out on whats its worth and its been up and able to be on the top for a decade+ which does signifies that demand and recognition is really there. We cant really be able to
deny that people would really be always having that huge support to it and it would really be always be on where it is really just that normal that it would really be having that kind of approach and beliefs
and thats why it would really be having that continous kind of support no matter what. Speaking about new ATH or wouldnt be able to touch up its ATH ever then it should be fine though but in the sense that you are
an investor who do really love on investing and making profits then you might be considering some other options because if you cant be able to utilize and possibly be making some huge profits on
bitcoin investment then you would definitely be looking on altcoins which there's no other way we could really be able to look out.

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May 01, 2023, 10:39:39 AM
 #89

Quote from: Nrcewker
BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.

I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment.

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May 01, 2023, 10:57:54 AM
 #90

Quote from: Nrcewker
BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.

I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment.


I agree with the thought that the bitcoin price will continue to rise and that creating an ATH shouldn't be too difficult for bitcoin. It's only a matter of time for that to happen. But I disagree that the bitcoin price will break records and hit new ATHs this year. I would like to reiterate that bitcoin only hit a new ATH after the halving, and we are far from the halving, so expecting a new ATH this year is a bit unrealistic.

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May 01, 2023, 12:38:50 PM
 #91

Quote from: Nrcewker
BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.

I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment.

Might we see a huge pump this year but I would say that I don't reach for another ATH this year. As I recall on the previous bull run where the price of Bitcoin reach its new ATH it was 4 years after the last 2017 ATH. And trying to count it, it was predicted to have a rally 2 years from now (2025). If we can see the price of Bitcoin will reach $70k, therefore, I would say that the market had really changing fast.
I hope I was wrong but this is what I see in the market now and this is based on the previous market record.

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May 01, 2023, 02:10:32 PM
 #92

What do you mean "What if BTC won't see ATH again? " are you giving  us a hint that bitcoin could be closing shop Huh Because its the only way this could happen...and unfortunately this being a digital age bitcoin is here to stay!!!

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.
You know the thing about most of us crypto enthusiasts, we want these crypto assets to remain bullish for the rest of their life time and when ever these coins see red we want a response to happen by tomorrow, but that's not how markets work.

If we look at one of the oldest assets out there "Gold", you will learn that its ATH was set several years ago and it took a long time before the ATH was breached again and this same assumption can be applied to BTC...it might not happen today or tomorrow but the fact remains that this ATH will be broken one day!
 

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May 01, 2023, 05:17:36 PM
 #93

Quote from: Nrcewker
BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.

I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment.


I agree with the thought that the bitcoin price will continue to rise and that creating an ATH shouldn't be too difficult for bitcoin. It's only a matter of time for that to happen. But I disagree that the bitcoin price will break records and hit new ATHs this year. I would like to reiterate that bitcoin only hit a new ATH after the halving, and we are far from the halving, so expecting a new ATH this year is a bit unrealistic.
We can talk about New ATH for Bitcoin after the Bitcoin halving, for now it is very likely that Bitcoin will be really volatile,
I don't know whether Bitcoin can breakout from $30k again or not, because $30k is the key for Bitcoin to continue its bullish trend.

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May 01, 2023, 05:53:53 PM
 #94

The future of Bitcoin is not easy to predict correctly because there are many different factors that can affect the market but at least it can help one not to get caught up in overly confident or certain issues or statements about Bitcoin price movement in the future.

The future is actually very easy to predict, from how Bitcoin was created, the supply will always be limited and that means the price is going to always increase in price. We're just impatient and that's why we're doubting the future of Bitcoin. Bitcoin price will always increase after every four years so we shouldn't be in a hurry to expect the price to increase during the bear market.

I agree to a certain degree with this statement, based on the Bitcoin's havling that occurs every 4 years, but the exception to this rule is if there is a dramatic decrease in adoption. Ultimately, price only increases because the adoption increases (or at least the demand is maintained after the halvings). So it is possible that price won't increase if the adoption doesn't continue to increase, not that I believe this will happen.

In 2025, I don't think there'll be anything that'll stop the price from reaching a new all time high, I have no doubt of some of the government in different countries secretly buying Bitcoin. El Salvador are doing it publicly because they have accepted the currency but I have a feeling countries like China (Hong Kong) is doing it secretly.

I'm not sure there's many governments that can get away with "secretly" buying Bitcoin, as generally they have to be relatively transparent their reserves. But I do think there will be more countries in the near future adopting a Bitcoin strategy like El Salvador. Already since El Salvador the Central African Republic has also made Bitcoin legal tender, and it's likely that the success from these experiments will encourage other African or Latin American companies to do the same. As otherwise, for countries with stable currencies like China, I don't see the incentive to adopt what is generally considered risky strategies.

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May 01, 2023, 07:53:15 PM
 #95

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.
If you and I were to be completely honest with the crypto market, we would understand that it has a mechanism whereby a new ATH is set aside every four years regardless of what, despite the fact that there is no rule stating that bitcoin should hit another all-time high.

The fact that bitcoin establishes a new ATH every four years makes it appear difficult for someone who has been involved in the cryptocurrency industry for a long time to assume or agree that there won't be another ATH of bitcoin other than the $69k price that occurred last two years ago. The reason now is that as the awareness of Bitcoin is spreading, that's now how the adoption of bitcoin will be also and this will trigger its future price to another ATH every time

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May 01, 2023, 07:54:36 PM
 #96

The basic question should be when will Bitcoin find another ATH, not if it will find it. Of course, it's a given that Bitcoin will continue to find fresh ATH within every of its circle.



I remember Bitcoin being called "A Peer-to-Peer Electronic Cash System" not a quadruple your money every cycle earning scheme.
Let's be realistic here – how many people (investors) would be interested in Bitcoin if it weren't for the fact it serves as both investment and asset instrument. I'm not sure the P2P factor would've got it to this point in price than the "quadruple" effect is doing.

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May 01, 2023, 07:57:32 PM
 #97

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.

So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.  

Some reasons collected so far:

1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."
2. "... as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong."
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."

when considering global market history how confident that you are? answer will give to answer for your argument
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May 01, 2023, 08:36:44 PM
 #98

I agree with the thought that the bitcoin price will continue to rise and that creating an ATH shouldn't be too difficult for bitcoin. It's only a matter of time for that to happen. But I disagree that the bitcoin price will break records and hit new ATHs this year. I would like to reiterate that bitcoin only hit a new ATH after the halving, and we are far from the halving, so expecting a new ATH this year is a bit unrealistic.
I also believe that Bitcoin price will continue to increase and it should create another ATH in the next bullrun season. But surely it won't happen this year because we are still in the bearish season. The next bullrun season is predicted to happen after the upcoming bullrun season, so it probably happens in 2024-2025. Of course, it is impossible if we want to see Bitcoin hit a new ATH this year. The current price is still far from the ATH, it is not the right time to expect another ATH.  Wink

Anyway, the price move gradually nearing the ATH, so it won't create a new ATH suddenly. People who expect the ATH to happen this year, probably don't know about Bitcoin price history. They never understand about bearish-bullish season, too.


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May 02, 2023, 09:42:23 AM
 #99

Quote from: Nrcewker
BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.

I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment.


I agree with the thought that the bitcoin price will continue to rise and that creating an ATH shouldn't be too difficult for bitcoin. It's only a matter of time for that to happen. But I disagree that the bitcoin price will break records and hit new ATHs this year. I would like to reiterate that bitcoin only hit a new ATH after the halving, and we are far from the halving, so expecting a new ATH this year is a bit unrealistic.
We can talk about New ATH for Bitcoin after the Bitcoin halving, for now it is very likely that Bitcoin will be really volatile,
I don't know whether Bitcoin can breakout from $30k again or not, because $30k is the key for Bitcoin to continue its bullish trend.

To me, the volatility of bitcoin is unpredictable, there is no key or resistance level to confirm it will continue to rise or fall, any scenario is possible. The $30,000 goal, we hit it in April, so it's only a matter of time before it comes back.

()

 People who expect the ATH to happen this year, probably don't know about Bitcoin price history. They never understand about bearish-bullish season, too.


Not only are newbies making those predictions, but a lot of long-time investors, even they have experienced 2 previous bear seasons. But they still confidently predict that there will be ATH this year. I don't know why they have that mindset, but it's just an expectation anyway, and there's nothing wrong with it. Time will answer all.

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May 02, 2023, 12:06:39 PM
 #100

Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.

So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.  

And why do you think it's even really necessary to see another all-time high? ATH or no ATH, there are people who will still adopt Bitcoin because it provides a digital means of handling our financial records in a decentralized manner and allows users to be in full control over their assets. Perhaps the whole population of this world doesn't need to own Bitcoin for its purpose to be fulfilled. Even if the total supply of Bitcoin were divided among the world population, no one would own up to 0.5 Bitcoin, at which point the total supply of Bitcoin would not even be enough for the already existing Bitcoiners because there are still thousands of people who don't yet hold even up to 0.1 Bitcoin.

So my point here, @OP, is that Bitcoin has all possible reasons to still see a new all-time high based on the total supply, and also that Bitcoin was not even created for the ATH we keep speculating about; Bitcoin's purpose is for the common man and woman to have full control of their assets in a digital way and to carry out money transactions with anyone around the world.

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