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

[Swordsoffreedom]

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.

Iirc, one of the people who helped popularize the idea of Bitcoin hitting $100k back then was PlanB, with his S2F model. A lot of folks bought into that prediction and held on, missing their chance to take profits.

We saw the same thing this cycle when BTC hit $100k , then $126k. Plenty of holders didn't take profits because they bought into the supercycle narrative the KOLs were hyping all over social media.

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.

It also shows that our returns depend on a lot of factors, including when we buy, entry price and how much capital we have. Making huge profits from Bitcoin isn't as simple as just buying and holding, like a lot of people wrongly assume.

[SquirrelJulietGarden]

Iirc, one of the people who helped popularize the idea of Bitcoin hitting $100k back then was PlanB, with his S2F model. A lot of folks bought into that prediction and held on, missing their chance to take profits.

We saw the same thing this cycle when BTC hit $100k , then $126k. Plenty of holders didn't take profits because they bought into the supercycle narrative the KOLs were hyping all over social media.

I used to believe in PlanB and his S2F model but I was more impressive with a note on his site "All models are wrong but some are helpful" - not sure it is still there now.

It's an important note for everyone, and they should never completely trust any model, and build up their plans for finance and investment on any single model and a scenario they believe to happen.

The interesting fact we all witnessed is, even S2F model was wrong, Bitcoin still reached to $100,000, even rose to about $130,000 one market cycle after that. This is an example that "don't time the market", with Bitcoin new all time highs will be reached, it's only matter of time. If you don't time the market, you won't feel too stressful with Bitcoin market movement.

[Faisal2202]

On November 10, 2021. After almost 847 days of waiting since the previous cycle top, BTC finally broke through ...
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 when it hit the all-time high and when El Salvador accepted it. I was not too active in trading back then, but the hype was way higher than this, if I am not wrong. Because now, even at $80k, a lot of us are not happy, but when we compare it with the past, we understand how far it has come already.

We have to stop our chase for higher highs every month or every year. As a long-term investor, I don't take the current dump seriously. Instead, it's a golden opportunity for everyone to buy again.

[Alphakilo]

On November 10, 2021. After almost 847 days of waiting since the previous cycle top, BTC finally broke through ...
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 when it hit the all-time high and when El Salvador accepted it. I was not too active in trading back then, but the hype was way higher than this, if I am not wrong. Because now, even at $80k, a lot of us are not happy, but when we compare it with the past, we understand how far it has come already.

We have to stop our chase for higher highs every month or every year. As a long-term investor, I don't take the current dump seriously. Instead, it's a golden opportunity for everyone to buy again.

While the $69k peak price was driven by ETFs, as hedge against rising inflation and peak liquidity, it was actually a time when institutional adoption measured up with retail investors just before the 2022 market correction.
So far, so much has happened and even with policies and reserve banks in its name, stability seemed to have rocked harder than volatility and though there's a dump in price because we were expecting an ATH to about $120k, Bitcoin is still performing better for long term investment plan and accumulators and much of an opportunity to those who still have faith in it.

[Richbased]

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?

Just like you said, in 2021, a lot of things fuelled the price to hit that all time high of over x3 of previous ATH in 2017 bull run. You should also know that as the price of bitcoin is going high that is how volatility is slowing and there are few factors that are impacting the market which institutional inflows and whales purchases are among. There's no much positive news and events that would have aided a rapid growth as it did after the last US elections in 2024.

However, never use the past performance of bitcoin to compare with the present because bitcoin is no longer at the price it was in those years, it is difficult to afford 1BTC now unlike when investors were buying as many as they can because the price was quite affordable. Yes, I sold some bitcoin when it hit the top in 2025 and i have some Bitcoin in my portfolio which I intend to hold for a long term and if the price also falls further I will accumulate more.

[Smartprofit]

In November 2021, I sold some of my satoshis. I realized that Bitcoin had peaked and a bear market was ahead. 🙋

At the time, the market was largely driven by Elon Musk's Twitter posts. Shortly before the Bitcoin price crash, he posted a cartoon of a man and woman engaging in sex in the 69 position. There was a TV in the room showing a Bitcoin chart and its final price of $69,000. As soon as I saw this image, the whole puzzle fell into place. I realized that Bitcoin should be sold, not bought, and that we wouldn't see a price of $100,000 anytime soon.

I recently watched an interview with Elon Musk in which he said that our world is inherently "ironic."  The irony of the current moment, in my opinion, is that yesterday we saw the exact same price on the charts as five years ago ($69,000). Moreover, over those five years, the US dollar has depreciated significantly and lost its former purchasing power. But Bitcoin's price hasn't changed. The world is truly a very ironic place! 💁

[Accardo]

2021 was entirely bullish in crypto, every coin followed up with bitcoin's ATH, while it's bearish right now, fear is around the corner but it's the right moment to purchase bitcoin. What I'm thinking, if the bearish price of today is same as the bullish price of 5 years ago, the next bullish price would be a lot more than the previous ATH we saw last year. The truth about bitcoin is that it still opens a portal for everybody to buy at a cheaper rate before it moves up again.

[Ahli38]

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

At the end of 2017 the price of Bitcoin hit an all-time high of around $20000. In October 2021 the price of Bitcoin nearly reached $70000. And in October 2025 the price of Bitcoin hit an all-time high of around $126000. I’ve noticed that the price of Bitcoin continues to rise every four years. And Bitcoin consistently sets new all-time highs a few months after each halving event. I personally think people are expecting the same thing for the next halving period. Perhaps Bitcoin miners and even Bitcoin holders are also looking forward to this so they’ll hold onto their Bitcoin until it experiences a significant price increase in the future. On the other hand I think discussing Bitcoin’s future growth potential is better than dwelling on the past so we can reap the benefits. Reflecting on the past is important only so that we don’t miss out on good opportunities in the future.

[L E G E N D A R Y]

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

At the end of 2017 the price of Bitcoin hit an all-time high of around $20000. In October 2021 the price of Bitcoin nearly reached $70000. And in October 2025 the price of Bitcoin hit an all-time high of around $126000. I’ve noticed that the price of Bitcoin continues to rise every four years. And Bitcoin consistently sets new all-time highs a few months after each halving event. I personally think people are expecting the same thing for the next halving period. Perhaps Bitcoin miners and even Bitcoin holders are also looking forward to this so they’ll hold onto their Bitcoin until it experiences a significant price increase in the future. On the other hand I think discussing Bitcoin’s future growth potential is better than dwelling on the past so we can reap the benefits. Reflecting on the past is important only so that we don’t miss out on good opportunities in the future.

Well you know what they say about historical performances not being able to guarantee future results. Historical cycles can actually give us some useful insights, but I wouldn’t advise anyone to simply assume the next halving would behave exactly the same way the previous one did, even if it’s most likely to be that way. Bitcoin has actually grown and evolved into a totally different market, with way more institutional participation and several other factors that now influences demand. Rather than just waiting for history to repeat, it’ll be more profitable to try to understand these changes.

[fillippone]

Lol on this image.
Bitcoin has been flat, underperforming T-bills, yet it over performed all the Shitcoins, and did so by a large measure.
Something to remember when someone tells you a given shitcoins is the “next bitcoin”.