Topic: A new ATH (Read 690 times)

It is but bittrex isn't exactly very reliable considering they pretty much forced everyone to verify their accounts and then it took 5+ months to do it because their support system was garbage.

It will come eventually, but try to do not worry and think much about this, because it will happen at some point, but not any time soon, so just be patient for it.

That patience is obviously what some people will not have since they ended up having the wrong idea of investing in this space in the first place. A lot of newbies thought this is a chance for them to get rich overnight, decided to jump into a moving train and then all of a sudden, they are here now angry that bitcoin is dead or something. I guess they never did go back to the future to see the level at which bitcoin has gotten to thus far even at the low and then be able to use that to see great potential for the future.

Depending on what we prefer, it can be a store value since its an investment and can be a peer to peer currency,this what makes crypto currency interesting since it have many beneficial use.

If you are looking at the core of this platform then it must be used as a peer to peer currency and not as a store of value and people must not care about the store of value and if that happens there is no fake news and other manipulation, but things have changed a lot and now it is mainly a store of value because there are many obstacles to scale, we have a solution in papers and until it is implemented we cannot call it as a scaling solution and that is a fact we have to accept, price will grow if it is used as a currency and not just as a store of value.

The more we waited for it the more we might get depress so better enjoy each ride and use every opportunities we can use to earn, will go there without us noticing it at all.

Yeah newer members of our bitcoin family don't believe our past dreams. We olders invested for technology and alternative financial instruments. Now everyone seek speculative ath. Just stop thinking about ath and enjoy revolution. It will happen eventually itself..

What happens after every fomo run? The price corrects massively to levels close to where it started.

We don't need more fomo runs, but something that is sustainable and makes sure we can build on it for a long period of time. Another fomo run right now would actually cause more harm than good with how this ecosystem just isn't ready for it, and neither is Bitcoin itself ready for it. We just have to face the reality and accept that something needs to change fundamentally in order to move forward.

Fomo run will once again result in;

- natural transaction fee inflation.
- bcrash camp spamming the network.
- artificial transaction fee inflation.
- exchanges not being able to handle all the use.
- exchanges to halt registrations.
- exchanges taking weeks to solve deposit issues.
- exchanges becoming less solvent due to traders withdrawing large amounts of fiat.

I prefer this calmer market, because it allows this ecosystem to adapt properly. It's a process that can take more than a year, and right now we aren't even 6 months clear from what happened during and after the peak.

Right. That will make another ath run to be quite difficult to hit since it's certain that we'll have more challenges even at this current rate. Though i'm not feeling very negative about btc's chances as well. The price can pump very quick to all time high through fomo. If triggered, btc price can shoot to the moon.

The majority of manipulation has mainly been centered around negative press and a lot the FUD is from lack of expectations being met that much is certain but the market isn't in a bad position overall

The most recent bubble burst and there will likely be more bubbles in the future

There will always be thread like that and it will never stop coming. If we are to be counting the thread of dead bitcoin right from when this forum has been live or when bitcoin hit the market, I am sure it should be a huge one to count by now. We may be experiencing a downtrend now, but those who can see the potential in the future obviously know better that we are not done with the era of ATHs and it may not be this year or next year, but it will always come.

You said again like you can actually see the future. That is some baseless stuff to say bro. Bitcoin will still reach $20k again and surpass it; but obviously we cannot know when it will and if anyone is giving a specific time, then that is just absurd. You should go back to check threads, where bitcoin has been declared over priced by some at $15, and may be you will understand the possibility of what the future holds for bitcoin.

In trading a coin or investment in the world of our cryptocurrency as a holder of funds should be patient if you want to get big profits. Not even rash in a critical situation right now.

Very well said! A lot of new investors got into BTC during its 10x increase in price from Oct-Dec 17 to an ATH, and they are disappointed and fudding after the 60% loss of value in Jan 18 and sideways movement the 5 months since then. I prefer to look at the long term fairly steady parabolic growth of BTC the last 7 years since 2010, as you can see in this log graph I recently constructed of BTC’s price from 2010 to early 2018 - https://imgur.com/gallery/9iF3t .

And I believe that factors are positive for bitcoin to continue this long term parabolic growth for the next 7 years (recognition of BTC and interest in it by >50% of the world population, effective secure use for 8 years, 200+ dedicated developers making 6 major improvements to BTC, <1% of population currently own or use BTC which should increase to 10%+ over the next 5-10 years), which would take the value of a BTC to $1 million by early 2025 as the projection of continued parabolic growth in the log-graph shows.

But as the shorter term growth rates in the graph shows (red dots upward drowsy, green dots sideways movement of price) - there have been 5 consecutive periods since 2010 of 12-24 month periods of upward growth followed by 12-18 month periods of sideways movement of BTC’s price before the next upgrowth cycle. We are currently 6 months into the 6th period of sideways movement of BTC’s price since the ATH in Dec 17. History suggests the BTC price will move sideways at $8-10K until near the end of the year, before an upwards period of growth in 2019 to a new ATH of ~$50K from the long term parabolic growth line. I’m sure all the current nathsayers will be changing their tune then!

I think the message with BTC should be a positive one, and that we are very early adopters of a technology that will change the world, and that there will be a big ROI over the next 5-10 years for anyone owning or buying BTC now!

yes it is true this news has been discussed for a long time about btc death but we see until now we can still feel btc no death whatsoever just the price is decreasing now but I believe it will improve.

Hard to say that one of you is wrong as we really don't know how the market will end this year. Like last year we didn't know that the cryptocurrency market could end 2017 with a very bullish point, so bullish that a lot of new cryptocurrency entered in to the top 10 cryptocurrencies. The same can be said this 2018 we don't know when will this bearish market end or if this is just a setup for a even bigger ATH for the market. Let us just be prepared on both occasions happening in the future.

just having the pairs may not solve anything at all. people need to first want to use those pairs then after that the altcoins should become stand alone REAL projects not just a useless token that you use to increase your bitcoin.
so far the sole purpose of the whole altcoin market has been a speculation place for people to go and invest their "bitcoin" to make profit on it. and that is the main reason why altcoins drop each time bitcoin drops.

If only possible, what we need is not price increase but to eliminate those vultures greedy cheaters  those who created false price increase so that the market of cryptocurrency will bloom by its own true capacity and not the false promises.

Fiat trading involves pretty firm regulations, which means that it is very likely that Bittrex will up their verification standards to match their progress. On the more positive side, having a popular crypto exchange make it possible to enter the market directly with fiat, will hopefully decrease Tether's dominance in this market. Nearly all the top exchanges are Tether exchanges, which is pretty worrying. Of course, there is no proof that they are gaming the system, but them refusing to have whatever entity audit their reserves is pretty alarming. If you don't have anything to hide as completely legal business, then what's the point of avoiding an audit the entire crypto market is waiting for....

I agree, this would be very nice. Bittrex I hear has partnered up with a bank and now offers USD trading pairs. This is huge news for the altcoin space for sure. It's going to be interesting to see how/if this will affect Bitcoin in the future.

I'm personally just hoping for more fiat pairs. It's annoying that everytime bitcoin falls everything else also falls. It's not healthy for the market so before bitcoin can reach the ATH again I hope we have more fiat pairs.