Bitcoin Price History 2010-2021 in 2 minutes can help you to be less panic

[SilverCryptoBullet]

The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.

[Alpha Marine]

I have often said that when you know the price history of Bitcoin you'll understand Bitcoin better and that would help you are a holder of Bitcoin, especially a long-term holder. I even made a top about it.
studying bitcoins price history will help you see that there is nothing that is happening to bitcoin today that hasn't happened before. It may not be exactly as it happened before, but it usually follows the same pattern. Price history will help you understand the events that led to a dip or a bull, it will also help you understand why certain news and rumours affect bitcoin.

I remember when the phrase "Bitcoin is dead" was flying up and down after the FTX saga. A lot of people even believed Bitcoin would never rise this high again, certainly not in such a short time. As someone who was not into bitcoin at that time to witness such, what you need is the price history of bitcoin so you can have an understanding of what bitcoin has been through and it's still here today bigger and better. Finally, it will help you understand that Bitcoin will still go through similar paths. It may be worse, it may not be that bad, but brace up.

[Dunamisx]

We make learning by watching through visual aids like we already have as recommended by OP, but we shouldn't forget that there are more other means by which we can still arrived on the same target through other means, learning is multidimensional, we can read through articles, make a practical view in learning with the use of the markets indications, now the essence of my approach here is to help us identify that we can engage on the same intention but on different means to achieve the same purpose, whereby we make use of both the visual and other learning tools to achieve our purpose on the market price.

[buwaytress]

Yup, knew people who quit in 2020. Seemed inexplicable to me, seeing as they'd held in the previous cycles and while I never lived through them, I felt they were far more devastating, given how young markets were.

Can't imagine anyone letting go since the 16k low though, Bitcoin's hardly threatened 30% from ATH, let alone those years of -85% floors.

[Fivestar4everMVP]

The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.

As much as I agree with you that the above video can act as a motivator for newbies not to panic into selling their bitcoin when they actually should be buying more, I would also say that it's impotant that we understand that the bitcoin of those days is not the bitcoin of today.

And in today's bitcoin, every holder ought to know how to trade, this is one of the wayz to really make money in this space specially in time of high volatility like we saw yesterday, those who know how to trade can easily monitor the market well, sell, wait and buy back at a lower price, this, I have a friend who made good profit from yesterday's dip, he sold all his bitcoin earlier at around $59k and was lucky enough to buy a huge amount back at around $49,800 yesterday, and today, bitcoin is back above $54k.
By all means, learn to trade, it's a good added advantage to have as a crypto investor.

[anarkiboy]

If you are panicking then it means you have invested more than you can afford to lose  

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  

If you look at the chart upside down, you can see it has tendency to stay low much longer than up  Far from being a Gold

[SilverCryptoBullet]

As much as I agree with you that the above video can act as a motivator for newbies not to panic into selling their bitcoin when they actually should be buying more, I would also say that it's impotant that we understand that the bitcoin of those days is not the bitcoin of today.

If I missed yesterday, and check price today, I would see no big differences of today price and Close prices on 4 August ($60,739) and 5 August ($58,006). If I lived in the market yesterday, when Bitcoin had time of dropping under $50,000, I would feel very panic and fearful.

By all means, learn to trade, it's a good added advantage to have as a crypto investor.

Today is different than the past days, 2024 year is different than 2009 and other earlier years. 2024 year will be also different than future years too and we are here in 2024 as participants in this market, joining it sooner than latecomers in coming years. We have better opportunities and prices to accumulate bitcoin than latecomers.

[anarkiboy]

If you're not already a millionaire, you won't become one from buying and holding Bitcoin at today prices.
You had your opportunity when the price was sub 1k.

This is a response to all the "It's still early" bullshit, No it's not, it's very late, too late.
People in this space often pretend to be investors but don't know any better and just FOMO into old asset that is already overvalued and hope it will make another 10x or even more.

You can easily make more money outside cryptocurrency space, Bitcoin had it's time and it was great.
As time goes on, there will be less people willing to buy it because volatility is increasing and possibility of doing even 2x is shrinking.
So what you call "latecomers" are more likely "nevercomers", you can as well buy facebook stocks without all the drama or some other old stock.

Bitcoin is very old in tech world and there are better options today, you just bought BS that all the people in the world will want Bitcoin someday - no they won't, they don't even want it today even if given for free.
As an example, In El Salvador people sold BTC they were given by gov to USD right away ($30 worth of BTC).  
Most people don't want to hold, most people want to use it as money and Bitcoin is far from being usable money and it never will be money.

But hey, that's your money and your choice only (or your influencers choice haha).
There are plenty of echo-chambers for Bitcoin holders/buyers, like youtube video you have linked to keep your analytical mind off and keep it dreaming.
The biggest echo-chamber of them all is /r/Bitcoin, it's so detached from reality it's funny, this people live in a religious cult - it has nothing to do with investing

I doubt Bitcoin will ever get to 100k, I think it's already struggling to stay where it is.

I have made a lot of money in the past 20 years from investing, mainly in tech companies so I think I can speak about investments  

[o48o]

The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.

Would be even better if that was slower and there were all these fud and fomo threads / comments that people were saying at the time. And maybe headlines.

I am not sure what people get from that video. Maybe it helps some people, but it's really hard to transfer the feeling i had back in time at all. Fear of losing everything and frustration, and all that surreal maddness isn't easy to capture in hindsight. Years worth of drama happened in just one week almost every week, trying to keep following everything was just too much. But at least it was easy for influencers to get content.

These days this craziness is more public, and people are at least trying to keep up appearances.

[PrivacyG]

If somebody is panicked about Bitcoin drops then they probably have way too much Money in it and next time they should think their Investments more thoroughly.  I understand why some people panic logically but on the other hand this is Money you should be ready to lose at any time.  Particularly considering Bitcoin is STILL a new Asset that may or may not have a future in the following decades.  It is after all an experiment.

Also.  Just because the Charts looked similar from 2010 to 2021 it does not mean the same thing happens in the following years.  While it is great to hope, try to be realistic with your expectations and about the possibilities of things happening.  You simply never know what happens next.  Hell.  We may reach the brink of a huge War in the next few years, which would render all the previous Charts useless.

[passwordnow]

If you are panicking then it means you have invested more than you can afford to lose  

They just can't take the volatility and I agree that they should haven't invested the money that they can't afford seeing decreasing in value due to the nature of BTC's volatility.

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  

It can be a reference and IMO, it's more volatile in the past when they've got no support from the government, financial institutions. They're living like in the hood that no one recognizes BTC yet.

But it's through that it can go $100k and even more. History might repeat itself but as we knew Bitcoin, it's full of surprises and does things unexpectedly.

[anarkiboy]

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  

It can be a reference and IMO, it's more volatile in the past when they've got no support from the government, financial institutions. They're living like in the hood that no one recognizes BTC yet.

You are wrong, Bitcoin was more stable before institutional money came, it was most stable when it was actually used for payments.
Bitcoin volatility today is crazy, 50-70% pumps and dumps are a normal thing and it will only get worse.
Most on chain action is from trading bots and ordinals spam, it's usage as money has been dropping for a long time and LN usage has been dropping as well.

But it's through that it can go $100k and even more. History might repeat itself but as we knew Bitcoin, it's full of surprises and does things unexpectedly.

People see only the bright side when blinded by the dreams or pure greed. But it can as well go to $10k (and even less).

... Bitcoin is STILL a new Asset ...

It may be new to you but it is old for everyone else.
It's a technological asset, they mature a lot faster and I would say it is very old in tech world and so financial opportunity is small.

The difference between investor and gambler is that investor has it's rules, gambler has it's prayers.
All I see in this post are prayers.

I wish you all that Bitcoin pumps to $1 million USD but for me wishes are not good enough to stand on.
I need solid ground for investing and seeing as Bitcoin is losing it's utility as payment processor to other projects I just don't see it as a good investment anymore.
Chart patterns are not enough to convince me into investing, I need solid proof that this technology is better than the competition or otherwise I just invest in the competition.

You may have other views on investing but it has been working for me for a very long time and I am happy with my results.
I don't put money where my heart is, I put money where the future is and it's not Bitcoin.

[passwordnow]

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  

It can be a reference and IMO, it's more volatile in the past when they've got no support from the government, financial institutions. They're living like in the hood that no one recognizes BTC yet.

You are wrong, Bitcoin was more stable before institutional money came, it was most stable when it was actually used for payments.
Bitcoin volatility today is crazy, 50-70% pumps and dumps are a normal thing and it will only get worse.
Most on chain action is from trading bots and ordinals spam, it's usage as money has been dropping for a long time and LN usage has been dropping as well.

Well, you're right about that before but there were also scenarios like this that a sudden flash crash and heavy dumps have came in the past. But it's true about Bitcoin being used as a payment before was proliferated but now, it's not the same anymore because everyone is holding it as an asset and store of value. We're missing those days and speaking of the ordinals spam, brc20s, etcs. They've made the network too busy and one of the reasons before that the first time in history that I've seen the fees went high more than $100 per transaction.

But it's through that it can go $100k and even more. History might repeat itself but as we knew Bitcoin, it's full of surprises and does things unexpectedly.

People see only the bright side when blinded by the dreams or pure greed. But it can as well go to $10k (and even less).

That's what volatility means to most of us, we're not blinded because of greed and dreams but it's pure hope that we've seen in the past that it can go as high as it can be but we're not forgetting that these dumps are giving us the idea to remember that it can go as low as $10k as you've said and there are people that still hopes for $3k.

[anarkiboy]

it can go as low as $10k as you've said and there are people that still hopes for $3k.

People who want it to go down that low just to buy more don't know how catastrophic it would be for maintaining security by the miners.
If it got that low, mining industry would never recover and Bitcoin security would crash.

We all know this people care only about FIAT gains, if Bitcoin was acting like a stable coin and maybe even increasing in value just enough to counter FIAT inflation, this people would never bought it.
It's just a casino for them.

You can see how insane they are when looking at posts like "I am happy, opportunity to buy more!" when price crashes by 30%.
It's not a rational mind of an investor, this are gambling fools that don't know any better.

They want to go back in time and buy Bitcoin for cheap because they don't know how to discover new opportunities, it's pathetic to say the least.
But that's because they never had a mind of an investor, just adult kids crying about lost opportunity and wishing it will repeat for them on the same asset.
By doing so they are missing new opportunities but they are too blind to see it.

This same people who praise Bitcoin today will call it a scam in future when their goal of becoming a crypto millionaire fails.
Their knowledge mainly comes from youtube and social influencers...

Madness. Pure MADNESS.

But that's why ratio of wealthy people vs average people is what it is, follow the crowd and find out that masses are never right as they are all blinded by money dreams instead of doing actual research.
Or they go into one of the many echo-chambers and call it a research.

Anyway, you do you, I keep doing what I've been doing and everything is in place 

[passwordnow]

it can go as low as $10k as you've said and there are people that still hopes for $3k.

~snip~

I don't think that there's something to do with their rational mind if they want to see a lower price of Bitcoin. That's what they think and it's normal because everyone has been on that point that we want cheaper Bitcoins because we've missed buying before it went to the peak of it. And as for the miners, I'm sure that if the price goes down. It won't have something to do with its security. If there will be lesser miners that will continue to mine because of the lesser price of it and they'd be out for a while.

It's possible that there will be new miners that are going to take over and will start to look at that point for which the difficulty will be taken by them and it's going to be noticeable. But I don't want to look into those moments that the possibility of going down or low is there for its price. Volatility will speak for itself as Bitcoin what usually does, now we're back to $62k and this isn't an unusual move for Bitcoin.

Looking at it when it temporarily down to $49k, back to $55k and now a sudden skyrocket of $62k. It's always been amazing and this is why Bitcoin is giving always the chilling effect for most holders that have decided to long.

[GreatArkansas]

I admire OP for sharing this kind of motivation, Bitcoin OGs that are still here are proof of how the Bitcoin market is a roller-coaster.
That's why, the best advice is "ZOOM OUT".
Bitcoin is not about based on the price from 1 week, 1 month, 1 year or more. Because the fact that Bitcoin is still here for many years already is the only proof that we must not panic at all.

[PrivacyG]

It may be new to you but it is old for everyone else.
It's a technological asset, they mature a lot faster and I would say it is very old in tech world and so financial opportunity is small.

I was talking about Assets.  Bitcoin is a relatively new Asset.  There is no way it can be considered an old one.  Old Assets are Silver, Gold and others.  Bitcoin is new, and there is so much space for it to still continue growing.

The difference between investor and gambler is that investor has it's rules, gambler has it's prayers.
All I see in this post are prayers.

Well.  There are prayers when the Stock Market crashes too, and there are prayers when the Market does not crash but players play it wrong.  This does not make the Market a Casino, does it?  I do not get what your point is.

[examplens]

The difference between investor and gambler is that investor has it's rules, gambler has it's prayers.
All I see in this post are prayers.

Well.  There are prayers when the Stock Market crashes too, and there are prayers when the Market does not crash but players play it wrong.  This does not make the Market a Casino, does it?  I do not get what your point is.

God: Hold my beer, this one is begging me to turn the market around and provide him with extra profit that he will spend on drugs and alcohol. I have to help.
If anyone enters the market with a prayer book, then it is better to change his occupation. After all, is there an official instruction on which prayers are acceptable and in which specific language?

[anarkiboy]

The difference between investor and gambler is that investor has it's rules, gambler has it's prayers.
All I see in this post are prayers.

Well.  There are prayers when the Stock Market crashes too, and there are prayers when the Market does not crash but players play it wrong.  This does not make the Market a Casino, does it?  I do not get what your point is.

God: Hold my beer, this one is begging me to turn the market around and provide him with extra profit that he will spend on drugs and alcohol. I have to help.
If anyone enters the market with a prayer book, then it is better to change his occupation. After all, is there an official instruction on which prayers are acceptable and in which specific language?

Haha good one. That's the problem with cryptocurrency kids - they think they are investors but don't know anything outside of charts and on how to do proper study on the market.
So all they have left is prayers and HODL!/Buy more! narration

You have put money into project and just holding for dear life ? You're a gambler.
At least have some balls to admit it  

[HajiBagi]

The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.

Yeah, this will make some newbies understand more about Bitcoin and also stop them from panicking about Bitcoin when they invest in it, bitcoin is not that easy to invest but as an investor, you have to trust whatever you are doing and believe in it most especially with things that you have seen many people have done it and they have enjoyed the outcome of it, before investing in bitcoin or engaging in crypto you have to understand that the nature of anything that concern cryptocurrency so that if you find yourself in any situation or the market price is going down you will know that is the nature of it and it will surely rise again, what I’m saying is that before you jump into investing in bitcoin you have to understand it and you don’t need to panic when things are not going well, although anything that concern money is not funny when it comes to the investment we should try to understand it.