Topic: A new ATH - page 2. (Read 690 times)

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

Im sure it will happen one day. I debate with myself when it will happen. I too don't think it will happen this year, as Bitcoin usually goes through these long bear markets after exponential price increases. However, Bitcoin has had significantly more coverage this year, and everyone knows about it now. Things will be very different this time around.

batang_bitcoin

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2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

This! Most of the newbie investors doesn't really care about this and won't understand this.

In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer

FUDs are going on ATH too? I didn't noticed that but you've got to be right. Grin

bitcoin fails to deliver the great expectations of some people.

This ain't the part for bitcoin, this goes to our part. We are expecting too much and if it wasn't met, we put all the blame to bitcoin. Just let those people who are demanding for high price as they are looking to bitcoin as a way to become rich easy and so quickly.

wuvdoll

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all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

once you grasp that mindset. people can learn to chill

Nice one franky1. Unfortunately, since a lot of people always like to rush to make decisions and not do some research, they simply do end up making the wrong decisions or panicking over nothing. This is a wake up call for those who may actually be thinking that their investment is gone since they apparently thought bitcoin is just some get rich quick scheme. Only those who have that mentality always end up getting screwed by selling at loss out of panic and buying into FOMO. This figures year in year out alone, is enough for anyone to take a chill pill.

Slow death

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Quote from: bozo333 on May 31, 2018, 09:47:39 AM

[...]

Many people bought bitcoin because they heard many positive comments, such as:" in 2 months bitcoin will be worth $ 10,000. " Analyst X predicts bitcoin prices in 2050 will be $ 50,000 "How many comments of this kind did not we see? type "bitcoin will be worth 100,000 within 3 years" we did not see it obvious that people would buy bitcoin after hearing this kind of positive news, but the price fell and the expectations of those people were dropped, the dream of these people went to waste. With regulations the situation worsened for bitcoin. So it's normal to have dump

Jorosss

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Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

This year surely it will reach 20k USD because many experts are said this year many countries implementing the Cryptocurrency legalisation so many peoples are interesting to buy this coin it will reflected in market so automatically Bitcoin is going to moon.

We are not in year ends so why lose hope of not going to reach $20k again. I am positive btc can reach $20k we are still in early months so it is possible dude. Yes many people interested in bitcoin so many users comes in bitcoin.

Bardman

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all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

once you grasp that mindset. people can learn to chill

Let's also just look at the market cap in total instead of just bitcoin, a lot of cryptos are going to die, maybe even bitcoin but I'm 100% confident that we will see a new ATH, a new total marketcap ATH.

Denker

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Quote from: salterious on May 30, 2018, 01:37:11 PM

In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer
bitcoin fails to deliver the great expectations of some people.

It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately and so are willing to throw
the toy out or smash the sand castle because their wills are not met now.

There are times when we need to visit the whitepaper to realise what it was all
invented for and to have patience.

https://bitcoin.org/bitcoin.pdf

That's the problem many people in the crypto space have. It can not get quick enough for them.
What they often forget is that we are still at the beginning of something really massive, something which will change our entire future in terms of how we will act with money.
Understanding Bitcoin and why it was created in the first is something many people have absolutely no clue about. For them it's just about get rich quick and that's it.
They will get burned. leave the space and call Bitcoin a fad or a fraud. If however you have patience, learn the technical basics, and try to keep yourself updated, you will be rewarded big in the future.

Febo

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Quote from: BitcoinNewbie15 on May 30, 2018, 10:40:44 AM

Quote from: Febo on May 29, 2018, 06:08:46 PM

Quote from: aoluain on May 28, 2018, 04:00:00 PM

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000

2018 and 2019 can be both under $6000. 2020 cant anymore. But I agree, ATH is really so momentum event that no one really catch it.

I agree with this sentiment, and I actually think this is the likely outcome. Surely BTC will drop below $6k. It has tested that range twice, and I am certain it will happen again. Early 2020 is when the block halving happens, so it is very possible we will see a new ATH at the end of 2020.

Why does it surely have to drop below 6k? If anything I would be bullish when it nears 6k as that to me seems like a great support line. Combine that with the fact the hashrate has been ever increasing since December and you have a lot of bullish signs. I am not convinced of this drop that will happen to 1k and will only believe it when I see it due to the heavy support present at 6k.

Nothing is ever sure. But there is quite high possibility that Bitcoin goes unred $6000 this or next year. Not sure what you meant with 1k. There is really tiny chance we would see bitcoin at $1000 ever again.

gentlemand

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Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

Unless something fundamental breaks, a return to 20 grand is in the bag. There's a lot more head room left.

The other question is when and I don't think it's going to be this year either. I'm not too sold on next year as well but my predictions have always been useless.

bozo333

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Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

This year surely it will reach 20k USD because many experts are said this year many countries implementing the Cryptocurrency legalisation so many peoples are interesting to buy this coin it will reflected in market so automatically Bitcoin is going to moon.

Lucius

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Quote from: BitcoinNewbie15 on May 30, 2018, 10:40:44 AM

Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

So you say no 20k $ again, means never? But then you say this will not happens this year but in some future point...It does not make sense, it will happen again or never, you have to decide. You should also assumed all the potential that BTC have and look in the future, 9 years ago it was just joke and you can buy like 500 BTC for 1$ - and faucets give 5 BTC for solving one captcha. Pull out your wallet and count the money for 1 BTC, it is 75x100 $ bills, or go to faucet and try claim some BTC, I assure you that the amount is much smaller then 5 BTC Wink

mig5000

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Bitcoin is not going to reach $20k again, and if that happens at some point, it wont be during this year just like many people is thinking that it is going to be in here. I have already assumed that.

YTBitcoin

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I remember the time when there were many thread around everywhere about the death of bitcoin and many people were speculating about the death of bitcoin but now just take a look everywhere you will not find them. Bitcoin is now doing much better at least the haters now have accepted that bitcoin cannot die. A time will come when they will realize that the rise of bitcoin cannot be stopped and so they will run away from here with their failed mission.

magneto

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Each time when bitcoin experiences a bull market, at the end there will always be a huge correction that brings prices down. That in the current scenario is what happened in January to February - a panic dump, that caused prices to plummet.

Right now what the market is doing is consolidating. We actually may go to lower prices, but I don't think we'll see prices go down by much more. After we consolidate near the bottom, the recovery should happen sooner or later.

Cycles take time, they are not something that happens overnight.

But history seems to tell us that each time bitcoin has recovered from a bear market, it has come back and set another all time high. Since institutional investors have only just started to become interested in BTC, I think the bull market this time, when it comes, will probably yield another all time high price, regardless of how much exactly it goes to.

salterious

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Quote from: Febo on May 29, 2018, 06:08:46 PM

Quote from: aoluain on May 28, 2018, 04:00:00 PM

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000

2018 and 2019 can be both under $6000. 2020 cant anymore. But I agree, ATH is really so momentum event that no one really catch it.

I agree with this sentiment, and I actually think this is the likely outcome. Surely BTC will drop below $6k. It has tested that range twice, and I am certain it will happen again. Early 2020 is when the block halving happens, so it is very possible we will see a new ATH at the end of 2020.

Why does it surely have to drop below 6k? If anything I would be bullish when it nears 6k as that to me seems like a great support line. Combine that with the fact the hashrate has been ever increasing since December and you have a lot of bullish signs. I am not convinced of this drop that will happen to 1k and will only believe it when I see it due to the heavy support present at 6k.

aoluain

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Quote from: Lucius on May 30, 2018, 08:08:31 AM

Quote from: Theb on May 30, 2018, 06:41:12 AM

Just in case you haven't notice people who are posting threads about negativity are members who have ranks "Members" and below it. This gives us a clue that they are just new people who just have entered in the market because of the recent buzz it created by Bitcoin and other cryptocurrencies on their past rally on December. Of course right now we are in a bear market and they don't know what to do, a lot of them have cut their losses and some of them are holding BTC with a paper loss on their portfolio, these people who experienced the bloody market on their first time don't have anything good to say to BTC.

This is true, I also notice that, many of them are burned in their expectations to get rich overnight and today price is for them like game over/dead Bitcoin. They just need to change their thinking and look on things from another perspective, time will come when price will be even bigger then in December 2017. I guess some will bring a similar conclusion to themselves, but there is also those who will always write and think negatively.

Yes this is what i mentioned above in a cynical sort of way, there have been
great expectations from nearly all newcomers to the forum. Anyone who has
been around for over 8 months or so on the forum will be more in tune with
what bitcoin markets do.

It can be quite frustrating i imagine if you have financed you bitcoin investment,
something we know now is a big no no.

dothebeats

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Most people who came in late in the game only regard bitcoin as a means to get rich quickly and those who complain about the low prices without understanding the economic state of bitcoin. Bitcoin might possess the characteristics of a balloon but it's not that easy to inflate it once it gets deflated. There needs to be a period wherein all the gains would be redeemed or 'corrected' before it goes crazy all over again. If only these people direct their attention towardsa higher bottom, they wouldn't bother much about the ATH.

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Quote from: Febo on May 29, 2018, 06:08:46 PM

Quote from: aoluain on May 28, 2018, 04:00:00 PM

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000

2018 and 2019 can be both under $6000. 2020 cant anymore. But I agree, ATH is really so momentum event that no one really catch it.

I agree with this sentiment, and I actually think this is the likely outcome. Surely BTC will drop below $6k. It has tested that range twice, and I am certain it will happen again. Early 2020 is when the block halving happens, so it is very possible we will see a new ATH at the end of 2020.

Lucius

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Quote from: Theb on May 30, 2018, 06:41:12 AM

Just in case you haven't notice people who are posting threads about negativity are members who have ranks "Members" and below it. This gives us a clue that they are just new people who just have entered in the market because of the recent buzz it created by Bitcoin and other cryptocurrencies on their past rally on December. Of course right now we are in a bear market and they don't know what to do, a lot of them have cut their losses and some of them are holding BTC with a paper loss on their portfolio, these people who experienced the bloody market on their first time don't have anything good to say to BTC.

This is true, I also notice that, many of them are burned in their expectations to get rich overnight and today price is for them like game over/dead Bitcoin. They just need to change their thinking and look on things from another perspective, time will come when price will be even bigger then in December 2017. I guess some will bring a similar conclusion to themselves, but there is also those who will always write and think negatively.

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Quote from: Wind_FURY on May 29, 2018, 02:44:20 AM