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May 02, 2023, 02:49:03 PM |
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If bitcoin cannot pass or create new ATH again, of course there will be boredom and panic from investors, people will think that bitcoin has lost interest so that prices cannot pass through ATH, and if that happens of course we have to prepare the best thing to leave bitcoin immediately.
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Franctoshi
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May 02, 2023, 03:13:53 PM |
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In the market two things will always happen either the price rises or falls due to the law of supply and demand, when it comes to Bitcoin we all are aware from Satoshi's Bitcoin white paper that not more than 21M Bitcoin can ever be created, so I wonder what will stop the price from increasing over time , let's for instance comparing the worlds population which is about 6-7 Billion to 21M number of Bitcoin's total suply and It just happened that only 1 Billion out of 7 Billion population owns Bitcoin across the world in the future, not taking into account the individuals that already owned a thousand (1000+BTC), the demand will everly be there and definitely the price will increase and hence creating new ATH.
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Latviand
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May 02, 2023, 03:42:11 PM |
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If bitcoin cannot pass or create new ATH again, of course there will be boredom and panic from investors, people will think that bitcoin has lost interest so that prices cannot pass through ATH, and if that happens of course we have to prepare the best thing to leave bitcoin immediately.
That's really a hard sell, people not interested in bitcoin? No way, not to mention that there's more people that are into cryptocurrency than ever before, I don't think it's really impossible that we won't see another ATH, bitcoin has already disproven a lot of it's doubters back when the prices were still in the 4 digit range, I don't think that it's going to be any different. Just let things move the way it intends to move, people will panic today and then regret it tomorrow.
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sana54210
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May 02, 2023, 06:33:49 PM |
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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 am not sure if it will see that right now, or not, it may see that level or maybe it will go up but not that much. However, I agree with you on the direction part, I agree that it will go up and I agree that it will do well. Hopefully that will go towards a situation where it will be greater than what it is today. I feel like finishing this year with 50k is not out of question, maybe we are both wrong and it will not reach those levels but I feel like it will probably reach those levels. This is why it is important to focus on what you can do with it. I believe that if you could invest carefully today, then you should probably be making a good return eventually, and that should give you a better return without a doubt.
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Baoo
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May 02, 2023, 09:19:31 PM |
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What if you stop being pessimistic? And Bitcoin will definitely hit ATH again but certainly not in the near future. To be honest, that may take a long of time to be achieved due to this current stability will continue during this year. From my perspective, Bitcoin will increase significantly after the next halving specifically by the end of 2024. It would be better if we keep holding and investing due to the recent price is still affordable and suitable until it reaches all time high. In fact, I realized that Bitcoin is related the global inflation, it means the more the rate of deficit financing increases, the more Bitcoin price rises.
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Fatunad
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May 02, 2023, 09:56:34 PM |
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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 am not sure if it will see that right now, or not, it may see that level or maybe it will go up but not that much. However, I agree with you on the direction part, I agree that it will go up and I agree that it will do well. Hopefully that will go towards a situation where it will be greater than what it is today. I feel like finishing this year with 50k is not out of question, maybe we are both wrong and it will not reach those levels but I feel like it will probably reach those levels. This is why it is important to focus on what you can do with it. I believe that if you could invest carefully today, then you should probably be making a good return eventually, and that should give you a better return without a doubt. Bitcoin didnt failed on surprising us, it is really just it do really takes time for it to show up some numbers or able to reach out those all new all time highs when it comes into its price. People who do keep on complaining and saying some stuff about it then it is really just they cant really just wait for the right time and they are really that impatient and this is why they would really be making out some claims that it wont really be seeing its ATH. We know that there's no way on knowing on what the future looks like but speaking about its potential and seeing its community support, then you could really tell that it does have that chance on breaking out those resistances that we do have.It isnt really that something that we could assure off but at least we are really that seeing the potential. This is why it would really be depending on how you would really be handling up yourself not only mentally but also emotionally considering that this market is really that something that cant be known when it comes into its movements. Wont be seeing new ath? Then if thats your mindset then you would really be hindering yourself on buying because of having those doubts.
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Negotiation
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May 03, 2023, 04:17:53 AM |
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If bitcoin cannot pass or create new ATH again, of course there will be boredom and panic from investors, people will think that bitcoin has lost interest so that prices cannot pass through ATH, and if that happens of course we have to prepare the best thing to leave bitcoin immediately.
The market is currently volatile according to my personal opinion, this trend will continue. Because the US wants to bring the market under control, two storms can happen in the market. I think the downward trend in prices will continue for a few more days. But I don't think we should give up on Bitcoin immediately because the price of this currency is going down and it will go up again.
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Marvell1
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May 03, 2023, 05:20:38 AM |
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If bitcoin cannot pass or create new ATH again, of course there will be boredom and panic from investors, people will think that bitcoin has lost interest so that prices cannot pass through ATH, and if that happens of course we have to prepare the best thing to leave bitcoin immediately.
Not everyone participates in the market for profit, some still use bitcoin as a currency, a means of payment, and some use it for privacy purposes. So if bitcoin no longer generates new ATH, it will lose some users but not all. But in case it does not generate new ATH but maintains volatility, we still have the possibility to profit from it, many people will also stay in the market. I also won't give up entirely if bitcoin stabilizes because it is still useful as a currency, especially since bitcoin still helps me to be my own bank, my assets are not controlled by the government and banks.
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Paul Pogba
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May 03, 2023, 06:51:36 AM |
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For us of course this is not a problem, we can still get profit even though bitcoin will not touch ATH again, price fluctuations that can reach more than 1% per day make a good opportunity to get profit, if we trade with a value of $ 100k and profit 1% then we get $ 1000 per day.
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Strongkored
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May 03, 2023, 09:58:48 AM |
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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.
Like what you said also, there will also be no rules that will make Bitcoin follow what you say with prices only rotating in that range. If you think that every bitcoin reaches the latest ATH just because of a 4 year cycle that is wrong, because what makes the price reach ATH is that many people have an interest in being able to see the btc price reach highs again and again, including miners who have spent large sums of money to mine and they need returns so that they remain profitable, also big institutions that invest in bitcoin by owning large amounts they have not only want to own but because they want to make a profit by making the price higher than the purchase price, so the increase in the price of bitcoin is a concern for many parties.
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Joshapat
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May 03, 2023, 10:46:46 AM |
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To pass ATH or set a new price record it takes a long time, in 2013 the price reached over $1000 and it took almost 4 years to get past the $1000 price, then the price drops again and it takes a long time to cross the ATH, if no ATH happens again then I'm sure it won't be too impactful for users, they can get profit from daily trading.
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5thangel
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May 03, 2023, 11:01:41 AM |
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I believe in BTC and the more i see post like this i feel even better, because this resits every year .... lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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fzkto
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May 03, 2023, 11:08:41 AM |
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I believe in BTC and the more i see post like this i feel even better, because this resits every year .... lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It seems to me that one day there will be a breakdown in cycles anyway, because it turns out it is very easy to buy bitcoin before the halving and sell afterwards. One day there will be a manipulation which will panic on the market and most people will lose money. Statistically there is no 100% repeat of cycles, especially in such a manipulative market as cryptocurrencies.
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dezoel
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May 03, 2023, 08:08:40 PM |
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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.
That is such a great way of approaching bitcoin, and funny enough that is the reason why it will see ATH as well. I do not care about what the price is because I will keep using it and that's the thing that matters the most for me. People who are not really considering that are making a mistake. I personally hope that the best thing to do right now is to make sure that we invest accordingly and that is the most important thing. I know not many people will be able to actually do something that will matter, but as long as it does then I will be fine with it. I hope that it gets at a better point and we will not see it do too badly, but that doesn't mean that we will not be able to actually lose money, we just don't care about the price when we are using it.
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Dr.Bitcoin_Strange
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May 03, 2023, 08:30:20 PM |
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I do not care about what the price is because I will keep using it and that's the thing that matters the most for me. People who are not really considering that are making a mistake. I personally hope that the best thing to do right now is to make sure that we invest accordingly and that is the most important thing.
You know, sometimes people are just doing the wrong thing with their Bitcoin investment or have the wrong perspective on investing in Bitcoin (why?). Because, even before I started my journey, I had been hearing, "Only invest what you can afford to lose." Which means I should invest so I will not really suffer some phycological challenges should the investment go wrong. I believe no one knows what will happen in the future, which is why investment specialist always advise that individuals should only invest what they can afford to lose. So, the problem some people have is that they don't read. Even if they don't read, they are not ready to learn something about what they are putting their money into; all they are concerned with is making profit. Definitely, you should think about making a profit, but not to the extent that you feel less concerned about the risks attached to your investment. Like you said, the best thing is to invest according so that no one will get blamed at the end of the day, God forbid, but even if Bitcoin doesn't see another all-time high again, some people will not be shaken. That's because they have made profit from Bitcoin in the past and also because they understand the purpose of Bitcoin.
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fullhdpixel
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May 04, 2023, 02:34:14 PM |
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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. Even if there is no ATH but as long as the price can be able to recover to our last ATH or at least close to it, many of us will be happy and contented already because that still gives us a chance to earn a nice profit. ATH is not important but price volatility is, as this was the reason on why we can buy low and sell high. Many are wishing for it to be gone. I think those who said this are the people who only use their BTC as a currency. They are just selfish but they can still use their BTC as a currency even if there are volatility. No one is forced to use or own a BTC because BTC will not replace the traditional fiat system that we have so don't worry about its supply.
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OgNasty
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May 04, 2023, 02:51:12 PM |
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I believe in BTC and the more i see post like this i feel even better, because this resits every year .... lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It seems to me that one day there will be a breakdown in cycles anyway, because it turns out it is very easy to buy bitcoin before the halving and sell afterwards. One day there will be a manipulation which will panic on the market and most people will lose money. Statistically there is no 100% repeat of cycles, especially in such a manipulative market as cryptocurrencies. I think the fall from $69K down to $16K lost a lot of people a lot of money. It seems that we're now on the way back up and I personally believe that we'll see a new ATH sometime in the next two years. As 5thangel says, this seems to be a pattern that repeats, although I would say every 4 years. Bitcoin does need a "wall of worry" to climb if the price is going to keep rising, and it seems like that worry is coming and has already started taking a toll on other assets internationally. The big question that remains is if Bitcoin is going to rally through a recession, or experience it's first break from the 4-year price cycle.
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rhodelmabanal
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May 05, 2023, 03:42:57 AM |
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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."
We cannot control the market and we also didn't know what will be the future of bitcoin that's the reason why there are a lot of people who didn't buy bitcoin, the risk of the possible loss is very big and taking big risk is only for the brave investors who can afford to loss. Bitcoin will surely hit another all time high but we didn't know when and when we already found out the exact date of the bull market we will become late, so buy bitcoin today to avoid regrets just like what already happen before.
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Similificator
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May 05, 2023, 04:09:09 AM |
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I find it kind of hard to believe that Bitcoins will ever be rid of the potential to reach an ATH again. there are just too many big names and group of people involved in it already that even imagining it end is quite impossible now. And keep in mind the total supply plus the big number of people that are yet to discover or to jump into this industry. There's just no other way but up in the long run. I mean, even governments and banks can't fully suppress Bitcoin, just imagine how stronger it would become in the years to come as mass adoption rate increases. A few years from now, the ATH that we witnessed liked the other ones in the past would only seem too low compared to what's yet to come.
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G_Besar
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May 05, 2023, 04:43:02 AM |
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I believe in BTC and the more i see post like this i feel even better, because this resits every year .... lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It means that you are one of those people who easily believe what you have read and seen in life, for example like this where you immediately believe when you see a post like this about Bitcoin. In general, it's not wrong, but what I'm really afraid of is that one day it will be easier for you to believe when you see bad news addressed to Bitcoin and it's really sad if you can really believe in it. It seems to me that one day there will be a breakdown in cycles anyway, because it turns out it is very easy to buy bitcoin before the halving and sell afterwards. One day there will be a manipulation which will panic on the market and most people will lose money. Statistically there is no 100% repeat of cycles, especially in such a manipulative market as cryptocurrencies.
There is no complete repetition of the cycle or one that is almost similar to the previous one, but for the four-year cycle it is still very possible to occur even though it will never be the same as the previous cycle. And panic only arises for some people who are more easily frightened when they see something they don't want happening in the market so that triggers some people to release their cryptocurrency into the market quickly.
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