FUN FACT: 5 Years Ago on 10/11/2021, Bitcoin Hit $69,000

[Aliciaworld]

On November 10, 2021. After almost 847 days of waiting since the previous cycle top, BTC finally broke through and printed a new ATH of $69,000 - $69,044 to be exact on most exchanges.
A couple of things fueled that price such as:

• El Salvador had just made BTC legal tender

• NFTs, DeFi, memecoins, everyone and their grandma was talking about crypto
• The Fear & Greed Index was at 72, extreme greed

• Coinbase had IPO'd earlier that year

But today, even after 5 years, $69k doesn't look so crazy anymore. But back then it felt like the moon and everyone was happy. Where were you on Nov 10, 2021? Did you sell, hold, or buy the top?

[Bitcoin-Forever]

This is to show you how valuable bitcoin has been performing in respect to time, this is one of the reason why we have to decided for bitcoin adoption because of it increasing value, sometimes you can also experience a repeated performance at the exact time on previous years, while in some cases it may not really upon the same way we had it over the past, we only have to keep on with the market speculations to know where the direction is moving towards at a given time, this helps for proper positioning over the market for our profitability.

[hd49728]

On November 10, 2021. After almost 847 days of waiting since the previous cycle top, BTC finally broke through and printed a new ATH of $69,000 - $69,044 to be exact on most exchanges.

This site is Bitcoin price on current date chart, and it is helpful for your need to check Bitcoin price on a same date over years.
https://charts.bitbo.io/price-current-date/

But today, even after 5 years, $69k doesn't look so crazy anymore. But back then it felt like the moon and everyone was happy. Where were you on Nov 10, 2021?

Bitcoin has grown very strongly with time, years and market cycles, and after 5 years, Bitcoin is already in a new market cycle, so it's low price in this new market cycle can be higher than high prices in a previous market cycle.

People only feel magic when Bitcoin makes a new all time high, hits that price a first time ever. Anytime in the future, they will no longer feel similarly excited if Bitcoin hits that price again because they are already familiar with a new higher price band of Bitcoin.

[Free Market Capitalist]

But today, even after 5 years, $69k doesn't look so crazy anymore. But back then it felt like the moon and everyone was happy.

Of course we were happy, but five years later, Bitcoin has underperformed the S&P 500 and gold—to give just two examples—something that had never happened before in its history.

There was one person who had just jumped on board and ended up building a business model based on the assumption that Bitcoin would have a 30% CAGR, when in fact, if we look at the last five years, it hasn’t even reached 3%.

People only feel magic when Bitcoin makes a new all time high, hits that price a first time ever. Anytime in the future, they will no longer feel similarly excited if Bitcoin hits that price again because they are already familiar with a new higher price band of Bitcoin.

It depends. If the ATH for the next cycle is $150K and it drops again from there, I don't think we'll be quite so elated.

[GreatArkansas]

(....)

But today, even after 5 years, $69k doesn't look so crazy anymore. But back then it felt like the moon and everyone was happy. Where were you on Nov 10, 2021? Did you sell, hold, or buy the top?

To be honest? I didn't sell back then, even though we were able to reach $69,000, which at that time was mega mega huge already, and after that, we dumped to $16,000, where everyone was saying Bitcoin is dead, Bitcoin is going to zero. But even though my number of Bitcoins that reached $69,000 back then was able to increase, as I was able to buy more during the dump after that.