Topic: Bitcoin has now gone 173 days without a new high. (Read 642 times)
There is no major change is expected as per the current market situation and Bitcoin at the current price is expected to fall beyond that of around $4000 within another couple of months I think. The negative news was impacting previously but not some big exchanges have been hacked which in turn the Bitcoin price is dipped a lot due that factor.
"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
In my own opinion, the market price will be just keep on dumping the price, there are several news in which other countries right now are creating laws and policies for cryptocurrency, that is the reason why most of the people are preferring to sell their coins and the market prices are dumping.
yes for now there is nothing you can do waiting to wait until the price back up again and really hope there is good news that can trigger a rise in bitcoin prices so that bitcoin prices can be re-voting again and can make everyone can benefit again.
Yep. This trend worries me very much as like others and my hope for Bitcoin reaching the new height this year is slowly reducing day by day. I don't know the real reason for the dip in price for past 6 months and to be specific, Bitcoin has reached its highest price of this year of $10k just once and most of the times it is around $7k or 8k range. Whales playing with the price it seems.
Users having disappointed in these trends for more months now without new changes. We expects indeed to reach all time high as before. Our best options or choice these days during this time without new high is holding our btc. we need to have a sense of attitude and patience because there is a set time for bitcoin price increases, the best thing to do today is publishing digital currency around the world.
Bitcoins right now is on the long run before it goes up again because there are fud that is spreading all over the other countries which makes the price of cryptocurrency to go down so try to hold your coins right now or invest even more in order to earn more profit when the market goes back to normal.
"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
It seems 193 days now. Soon 200.
It would be way better to search for the date of bottom then for date of next ATH.
"Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
It is unlikely we are not going to reach a new all time high before that but I keep thinking it is going to take at least a year and maybe even more time to see those prices again, so people need to really prepare for the worst scenario, if you cannot hold your coins for that long then you are probably going to be unable to get any profits in this market. 173 days is nothing if we compare with how long bitcoin survive. keep patience until the end of year, if we keep to buy bitcoin may be in a few months bitcoin will reach a new high. do not doubt about bitcoin because it will increase again soon.
To me i think that 273 is a big time for bitcoin, that is has not touched a new high, but i think that it will take a some more time, because currently bitcoin price is facing so many issues, which is not letting bitcoin price to increase, i am hopeful that it will now take some time when bitcoin price will set a new all time high price record. Lol. Seriously, you're counting the days? Considering how high the ath is at around 20k, I think we're going to have to wait a lot longer if you're expecting to see another ath or even come close to that. I know there are many people who've been saying this year would see btc to around 35k but I'm keeping it real :p
Yep. This trend worries me very much as like others and my hope for Bitcoin reaching the new height this year is slowly reducing day by day. I don't know the real reason for the dip in price for past 6 months and to be specific, Bitcoin has reached its highest price of this year of $10k just once and most of the times it is around $7k or 8k range. Whales playing with the price it seems.
173 days is nothing if we compare with how long bitcoin survive. keep patience until the end of year, if we keep to buy bitcoin may be in a few months bitcoin will reach a new high. do not doubt about bitcoin because it will increase again soon.
To me i think that 273 is a big time for bitcoin, that is has not touched a new high, but i think that it will take a some more time, because currently bitcoin price is facing so many issues, which is not letting bitcoin price to increase, i am hopeful that it will now take some time when bitcoin price will set a new all time high price record.
Don't be too high on conclusions, besides, 173 days is just too short for you to feel and conclude that nothing will happen or that their won't be hopes in the time being. There have been time in the history of bitcoin whereby the price was stable with a low price and without no single increase for up to a year. Time files and then, it hits $1000k and above. As time goes on, hopefully, there might be an increase.
If you're the true holders, you'll never be affected of this situation, this is good chance to add your bitcoin budget and keep trust on bitcoin. I know that people start to be anxiety with this condition. But we need more patient to hold our bitcoin and make better profit when the people regret because of selling their bitcoin.
yes that's right, true holders never be affected on any situation even it is worse . And always keep believing that bitcoin will recover again and will never die. which is always keep buying as well at dip instead of worrying and panicking , that is the true holders "no matter what happens just keep holding!) "Bitcoin has now gone 173 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
Noting is difficult for bitcoin as you see the previous record of BTC you may notice that how it have gone to 20K in just limited time. In Year 2017, BTC has done a tremendous job and hopefully it will be doing even more amazing job at the end of this year. At this time BTC is just checking the patience of new traders and junior members like us.
there is still plenty of time to reach new high prices this year, anything can still happen within 6 months. if you remember in 2017 bitcoin prices reached the highest price at the end of the year. I'm sure the same thing will happen this year.
It needs a catalyst for people to buy.
Do you remember a few months ago when Trump pulled out of the Iran deal and some people speculated that there would be a middle east war? Both bitcoin and gold rose in price.
Now that there is no middle east war and even north korea looks safe, both gold and bitcoin have fallen back.
Bitcoin is a safe haven. and when things are going well people don't need it.
We are in a different situation and we can't compare today against last year performance as we all know that we are in a stage that regulation has come to take control of this technology. I think investors had taken slowly due to regulations and bad news around crypto. This will take enough time to return the confidence of the investors to invest again. Making to $12k for this year is a good enough for me and we still have time for next year to continue the rally to push the price higher. Be patient always it's a volatile market indeed.
How long has Bitcoin been sold at 20k? And what was the volume? I think it was just a momentum. To consider it as an ATH is an exaggeration. What would be shocking is if the price on any day of the year was less than the price of the same day in the previous year.
If you're the true holders, you'll never be affected of this situation, this is good chance to add your bitcoin budget and keep trust on bitcoin. I know that people start to be anxiety with this condition. But we need more patient to hold our bitcoin and make better profit when the people regret because of selling their bitcoin.
173 days is nothing if we compare with how long bitcoin survive. keep patience until the end of year, if we keep to buy bitcoin may be in a few months bitcoin will reach a new high. do not doubt about bitcoin because it will increase again soon.
thats right. 173 days is still little when compared to the first existence of bitcoin in 2009. bitcoin had always have an increase every single year and for sure it can also increase again this year. the best thing we can do for now is to keep on hodling and wait until november or december because these months will surely the best months for bitcoin to make a good comeback.
I dont think $20000 is high price. Yes it is high right now, but not in future. Eventually countries will start buying Bitcoin. Right now rare institutional investors does. There is still long way to go.
20k is already a high price and we did already earn huge income before bitcoin reach this ath. however 20k is not the highest amount that bitcoin can reach . bitcoin do still have a long way to go.
But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
Yes, it'll be much more difficult to reach new high when the previous high is ridiculously high like $20K. Keep in mind that we're reaching $20K because institutional exchanges are opening BTC markets in the US. It's not just about time, I simply don't have any idea what fundamental thing could bring BTC back to $20K and break it.I dont think $20000 is high price. Yes it is high right now, but not in future. Eventually countries will start buying Bitcoin. Right now rare institutional investors does. There is still long way to go.
173 days is nothing if we compare with how long bitcoin survive. keep patience until the end of year, if we keep to buy bitcoin may be in a few months bitcoin will reach a new high. do not doubt about bitcoin because it will increase again soon.
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