Topic: Bitcoin has now gone 173 days without a new high. - page 2. (Read 709 times)
What is happening to bitcoins now has happened in the past before and I don't see it as a new phenomenon. I presume the by the start of August of this year, bitcoins will target the price of 10,000 and maybe end the year with an all time high of 22,000 USD.
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.
In 2017, the maximum was really reached in December, but you forgot to say that the price growth continued throughout the year. It wasn't spontaneous. This year, all 6 months of continued steady decline in prices. By analogy, maybe in December we will reach the minimum? Think about it and don't relax. 
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.
Bitcoin may not reach another all-time high this year but there are still some positive growth coming in the second half of this year. I think the whole year of 2018 is the accumulation time for bitcoin with some solid growth not the hyped one. After accumulation time, there might another bullrun on 2019 that may lead to another new high. Growth take time so what we need now is patience while waiting for the next bullrun.
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.
Just play, each development of the price of cryptocurrency is not determined by the time, as long as the cryptocurrency market is in the bearish time area it will only make any psychological user will be disturbed. They will be fixated on the decline in price compared to the price increase. The fundamental factor will dismiss all your views about the 173 days or wherever it is. Cryptocurrency markets can rise within a few moments, entrusting to the fundamental factor is the best thing for an investor.
Yes sometimes it take some long time to reach to a new height but do not worry as it will go in the long term. Actually it all depend on us if we will promote the word bitcoin among our friends and family then it will get more audience and they will also share the word with other people. This is a free promotion of bitcoin. In the wake of this promotion we can get a lot of new investors to bitcoin.
you should not expect a new all time high during this year because it will be almost impossible to be honest, better to be confident in that it will remain stable
It hardly to think that we are having trouble in recovering from dip but it won't be enough to say that crypto will fall deeply and gone. I don't think that cause even though it goes into 1 yr of having same scenario I'm still keep on believing bitcoin and I know there is a light after these.
"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?
According to the latest high (not including 2013) that's the biggest correction since then, or should I say the trend down. However, some analysis of mine shown that the longer we do not see new highs, the higher it will be. However, it is very hard to make an analysis on such much as crypto, especially when it is relatively young market. Anyways, we stay encouraged.
173 days? That's nothing. It took 1000+ days for Bitcoin to return to its all time high that it hit all the way back in November 2013 ($1100+). It could take just as long for all we know, but 173 days is nothing to worry about. It is different this time around due to the increase in interest, but I don't think it will make it more difficult for BTC to reach new heights.
I agree I think we don't need to worry it's almost a 173 days compare to the days that bitcoin is down and a thousand days before bitcoin recover yo highest price. Maybe it's slowly grow but i think bitcoin bitcoin will be recover at this down time. You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.
We always expecting a new all time high happened every year which it's sounds a little bit greedy.i would prefer expecting a massive adoption... Even it won't affected the price later , at least the cryptocurrency has been considered as a well known / popular thing in financial world.Miners have always been interested by the profits more than anything else btw.
Another good things happened, then the price may follows .
of course we are. people are always expecting for a new ath to happen , not just only every single year but always every time because we all want to get an easy money here in crypto . Everybody wants to earn huge profit and i think it is not greediness but rather that is only willingliness.
Quote
i would prefer expecting a massive adoption... Even it won't affected the price later ,
Massive adoption or regular adoption can always lead to price changes specifically a price hike because new people will enter the crypto scene. Sooner or later there is a chance that the price can inflate if the adoption will slowly spread and continue all over the world.
I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years.
There is no such a thing as reasonable or not reasonable since this market can change literally in an instant. People just assume that we have to wait 3 or 4 years before we break another high, but that's based on nothing but current bearish sentiment. As soon as the price breaks through $10,000 in the coming months, people will start speculating about $20,000 and higher before the end of this year. People fail stick to one long term prediction that makes sense, and that while fundamentally nothing has really changed. The price corrected in a healthy manner, and that's just it. I stand by my $50,000 before the end of 2020 prediction, even if we dip below $6000.
You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.
We always expecting a new all time high happened every year which it's sounds a little bit greedy.i would prefer expecting a massive adoption... Even it won't affected the price later , at least the cryptocurrency has been considered as a well known / popular thing in financial world.Miners have always been interested by the profits more than anything else btw.
Another good things happened, then the price may follows .
Many had expected for the price of bitcoin reaches 20,000$.I had seen continues raise from from August to December last year.And this is the hope for the people to inverse in bitcoin.I had holding bitcoin from this year start,when the price reaches high price.I will sell and get profit.
"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?
If bitcoins prices is not increasing then it was still fine because you are having more time to invest today, not every people who are holding cryptocurrency today in the market is wealthy and that is the reason why dumping time is also fine because it lets other people to invest on the market while the price is still low.
I still feel like its not enough to clean bitcoin's price. As you already said yourself bitcoin needed 1000 days to reach its former all time high. I think it will be shorter this time but 173 day waiting is nothing.
173 days is actually nothing, but who cares anyway, bitcoin is still going to be having the up and down fluctuations even in between the longer time frame down trend, and that is enough. Also, at least we will end up having some sanity for a while before we start seeing more days of huge green and that as well is something to be happy for. How many days it is going to take before we start experiencing new highs is something we cannot know but at least time will tell. I am still seeing the possibilities to have new high within this year. It means those 173 may not count up to 365. "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?
Since the last crash took so long for a recovery, this tells us that we should be patient and be prepared for this recovery to last a little while longer. I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years. That doesn’t really bother me because I wasn’t buying at those all time highs 6 months ago, so I don’t need a new high to make a decent profit.
"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?
If people will keep on selling their coins then the price will really dump even more, the condition of the market today is in favor of those people who wants to invest because the price is very low so you should invest today while you have time and do not look at it as a bad thing.
You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.
Miners have always been interested by the profits more than anything else btw.
Jump to: