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.

[EL MOHA]

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.

Most surprising thing was that bitcoin dip down below $16000 exactly one later after the All time high was reached and instead of people who were making up stories of bitcoin been too expensive as at that time when it reached $69000 couldn’t capitalize on the dip and get bitcoin at that $16000 rather the narrative changed to bitcoin was heading down is dead. This is to tell you that regardless of the price of bitcoin some people aren’t interested in buying at all rather just to try to push FUD.

As for intending investors, this dates and prices are really good to remind us that bitcoin price of today would be some wish price tomorrow. For example three years ago $69000 was a very high price but now should bitcoin drop to that price there will be FUD spreading about it dying. Take opportunity of this price now and invest, I doubt we will have anything like it again

[Rikafip]

Where were you on Nov 10, 2021? Did you sell, hold, or buy the top?

I have a tendency to take some profits every time bitcoin reaches a new all time high, so that's what I did. Maybe not exactly on the day it happened, but sometime in the days around it.

That being said, I always plan to sell much more bitcoin than I actually end up selling, and this strategy has worked pretty good so far so there is no reason to change it.

[LFC_Bitcoin]

I sold some in 2021 and bought a house, I bought back in the bear market at a huge discount too. $69,000 was euphoria back then, $69,000 is part of a forming bear market bottom in 2026. That’s an important distinguishing factor. $69,000 is cheap now, we will be much higher in a year or so.

[hmbdofficial]

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?

Did you miss Elon musk investing about 100billion dollars into bitcoin around that time? I guess it was the major news around bitcoin that time that even brought about the All time high of that time and also made him the world richest man when he was worth around 200 billion dollars just after putting that huge amount into bitcoin investment and he got the highest turnover he never thought about.

[BIT-BENDER]

I sold some in 2021 and bought a house, I bought back in the bear market at a huge discount too. $69,000 was euphoria back then, $69,000 is part of a forming bear market bottom in 2026. That’s an important distinguishing factor. $69,000 is cheap now, we will be much higher in a year or so.

What is considered bear and bull market will constantly change but it will be very memorable when one makes the most of it just like your story, I doubt you will ever forget that period.
The train is on the move, to those new who 2021 was their beginning being a diamond hand will help you create a success story for yourself.

[Bitcoin_Arena]

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?

I remember that bull run like it was yesterday. Some people actually believe that Bitcoin would at least try to go somewhere near $100K or even attempt to go past it, but the $69K targeted seemed the roof at that time.
What I noticed is that with each passing cycle, the percentage increase in the Bitcoin price to a new all-time high from the previous all-time high keeps reducing.

[hd49728]

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.

It depends on people's entries (averaged entry price) and exits (at one take profit sell or averaged price) because ROI can be from price around market bottom to around a next all time high or from a previous market cycle's all time high to a next market cycle's all time high.

People who DCA bitcoin especially buying around bear market bottom will have better ROI than people who invested in the last market cycle around ATH and no longer had money for DCA recent months but they still have profit if they hold till a next market cycle and its ATH. They will only have smaller ROIs but it's profitable investment and they will still feel happy.

https://becoin.net/price-history/bitcoin
https://thecryptoinvestors.com/bitcoin-price-cycle-history/

[Die_empty]

Did you miss Elon musk investing about 100billion dollars into bitcoin around that time? I guess it was the major news around bitcoin that time that even brought about the All time high of that time and also made him the world richest man when he was worth around 200 billion dollars just after putting that huge amount into bitcoin investment and he got the highest turnover he never thought about.

I don't think Elon Musk's involvement in crypto was the main driver of this move. His influence was felt earlier in 2021, not in November. Another reason, apart from those mentioned by the OP, was surging inflation data and the approval of Bitcoin futures exchange-traded funds in the US. As inflation was rising, the younger generation was buying Bitcoin as a hedge against inflation. The approval of the Bitcoin futures gave Bitcoin the needed publicity and institutional acceptance.

[m2017]

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.

Soon, this fun fact (bitcoin for $69,000) will repeat itself again. Just take a look at what’s happening in the market and the global economy. Some experts are already suggesting a potential drop in value.

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

Even now, there is some fairly positive news within the cryptoindustry, such as ongoing acquisitions and the accumulation of BTC-reserves (if one chooses to overlook the constant hacking of everything in sight), yet this still fails to act as a catalyst for the price to climb any higher than its current levels.

But today, even after 5 years, $69k doesn't look so crazy anymore.

Believe me. It will seem look (so crazy) that way, if bitcoin drops back down to this level. After all, a single piece of negative news is enough, isn't it?

But back then it felt like the moon and everyone was happy.

And right now, this would feel like a flight straight to hell.

Where were you on Nov 10, 2021? Did you sell, hold, or buy the top?

Accumulate and hold -  that’s the real BTC-strategy.

[Charles-Tim]

Seriously, it is 5 years ago. It looks like 3 years ago to me.

Yes, bitcoin increased to $69000 and it was highly volatile, making it went back to $15500 before another bull market started that got bitcoin to $126200.

The price we saw to be very high to us is no more high as it is now looking like the bottom or close to the bottom of this bear market.

[fillippone]

A lot of people will tell you that Bitcoin is flat over 5 years, barely beating a very boring T-bill account.
What they underestimate is the fact that this is a unique moment to accumulate intergenerational wealth, thermodynamically secured by mathematics.
At least, this is my take.

[MusaMohamed]

A lot of people will tell you that Bitcoin is flat over 5 years, barely beating a very boring T-bill account.
What they underestimate is the fact that this is a unique moment to accumulate intergenerational wealth, thermodynamically secured by mathematics.
At least, this is my take.

Bitcoin price is not flat but 1 bitcoin is always 1 bitcoin, this chart is flat.

With the same price but at different times and market phases, people would feel very differently like bullish and positive in a bull market while bearish and negative during a bear market. Like Bitcoin price at $20,000 in 2017 and in 2024 could give people very opposite feelings.

Similarly this chart can make some people bullish, some others bearish, people are always different and we need to let them be. Who have right mindset will do right things, and Bitcoin will help them getting profit and richer.
https://charts.bitbo.io/price-current-date/

[7juju]

Seriously, it is 5 years ago. It looks like 3 years ago to me.

Yes, bitcoin increased to $69000 and it was highly volatile, making it went back to $15500 before another bull market started that got bitcoin to $126200.

The price we saw to be very high to us is no more high as it is now looking like the bottom or close to the bottom of this bear market.

That is to show that people’s expectations on bitcoin is just so high. I don’t know if it is normal or people should start to cut down their expectations on bitcoin. With the current price of bitcoin, many people are trembling and shouting that the market is crashing. But 5 years ago we were celebrating this current price. We saw it as bitcoin is increasing. I think sometimes investors should lower their expectations on bitcoin. Just imagine what we are scared of today was our happy moment 5 years ago.

[ObeyKnock]

I remember that bull run like it was yesterday. Some people actually believe that Bitcoin would at least try to go somewhere near $100K or even attempt to go past it, but the $69K targeted seemed the roof at that time.
What I noticed is that with each passing cycle, the percentage increase in the Bitcoin price to a new all-time high from the previous all-time high keeps reducing.

That's a good observation. However, it's worth noting that it just means that it's not necessarily appreciating as much in absolute terms. For instance, whilst going from $20K to $69K is a 245% increase, going to $126K from there is only around an 83% increase. But there is more dollar value gained. So as the market cap increases, more capital is required to make the same percentage gain. This therefore can be quite misleading when looking at percentage gains.

[Bitcoin_people]

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?

5 years ago today, the price of Bitcoin reached its highest level at $69k, but today this price seems to us to be much lower. At that time, many of us were so inspired by the price of Bitcoin that the market entered the highest level, which gave us more faith and confidence. However, at that time, most people sold out, seeing such a change in the price of Bitcoin, they could not hold on to the Bitcoins they had accumulated. Again, there are many people who held for a long time and they did not sell at that time, thinking about the future. Those who are patient investors did not sell at all during the highest ATH in 2021, they held on and their goal was to get more value. However, I sold the Bitcoins that I had at that time, but later I bought them again. Although I do not have that many Bitcoins at present, I am trying to hold on to the fractions that I have.