Bitcoin has now gone 173 days without a new high. - page 3.

0xBitcoins

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Quote from: First77 on June 10, 2018, 09:44:40 PM

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

It is right that the price is not growing and is going down and down with the passage of time. It will take long time to cross the previous highest level which was $20000 and you are right that it may take more 10 year to cross that level. To see this I prefer to invest in small coins because they possess more potential than big coins like bitcoin and Ethereum.

justspare

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Quote from: shulio on June 08, 2018, 10:54:10 AM

We have to wait for 2-3 years for another ATH. The bubble has popped. We should test again lower prices to determine the real BTC price and it could take years.

The problem is that, these days people are always in a hurry to make money and not even ready to care how things should necessarily be. The bubble could have popped which obviously we all know last year price was a bubble and uncalled for but one thing for sure, is that this is not 2013 and a lot has changed. We may actually still get to see more higher lows as the case may be, but at the same time, nothing is predictable and we only have time to see how things will play out but in the same way, we just keep accumulating.

I am also counting days for new peak as it is the real indicator for assuming bitcoin is into bullish mode. When bitcoin was surging up to $9800 levels, I was not happy actually as only new peaks will make me happier. Similarly market started showing down trend even without testing $10k levels. Hitting new high is the only way to measure the growth of entire bitcoin ecosystems.

Johnyz

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Quote from: West0813 on June 14, 2018, 06:41:37 PM

I think even though bitcoin will not reach its all time high again it is still ok for us. As long as it will not drop again. Just like what is happening in the past few days.

I don't think bitcoin will not drop again, this is the whole trend this year the pumps and dump so technically it will still fall but I just hope that it will be in the higher level around $15k. Let's all be patient and believe that bitcoin can still hit a new all time high this year but yeah no matter what happen with the price I still choose to hold bitcoin.

West0813

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I think even though bitcoin will not reach its all time high again it is still ok for us. As long as it will not drop again. Just like what is happening in the past few days.

dbshck

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Well, 1000 days left from a new high, right? I'm sure I can wait for it Cheesy

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

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.

Quote from: dothebeats on June 08, 2018, 04:10:29 PM

I don't think that's a problem as long as we don't cross $7000 or $6000 since that would be a different story.

Now that it almost breached $6000 yesterday, don't you think the bearish sentiment is strong now?

ReiMomo

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Crypto currency market is always volatile and there is no high price or low price fixed. Bitcoin was trending lower than what was expected by everyone now but its alright I think since the price will increase very fast. When ever there is a sharp price drop, there will be a high price expected and I expect a very high price rise from the very low price featuring now.

bengsabeng

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no problem, 2018 is still very long. anything can happen in the last 6 months, many people say bitcoin prices will rise towards the end of the year. I hope that's true

ASHLIUSZ

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Quote from: jrrsparkles on June 14, 2018, 03:26:18 AM

Quote from: First77 on June 10, 2018, 09:44:40 PM

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

Actually I didn't even expect the price of bitcoin to reach $20K in 2017 itself because at the middle of 2017 we are speculating that bitcoin will reach $25000 in 2025 or even more so now the people are more greedy after saw that growth so don't expect too much from your investment still I consider the current price is pretty good for it.

Agreed, similar speculation same as that mentioned by the above user was getting circulated around the forum. Later things happened in an unexpected manner taking the price towards a new ath closer to $20000. Once after that people realized the potential, and started to expect more from the bitcoin. This is the reason that has lead to a drastic change in the community. Hope, in the falling days the expectation will be fulfilled.

jrrsparkles

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Quote from: First77 on June 10, 2018, 09:44:40 PM

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

Actually I didn't even expect the price of bitcoin to reach $20K in 2017 itself because at the middle of 2017 we are speculating that bitcoin will reach $25000 in 2025 or even more so now the people are more greedy after saw that growth so don't expect too much from your investment still I consider the current price is pretty good for it.

stellgod

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Quote from: magneto on June 11, 2018, 03:24:03 AM

Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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?

I don't think that just because there is a dump, it'll make the recovery any harder.

In fact, this dump was completely expected since the beginning. There is virtually no point panicking over losses right now, especially if you bought in near the peak, which you shouldn't have done in the beginning. I personally believe that being patient and waiting for the next bull market, which may take some months/years, is the best strategy right now for holders.

I'm pretty sure that if you looked at historical data, having a few hundred days of bearishness across the market is completely normal. Gives time for the markets to consolidate, essentially. Happens every bear market, so I don't get why people are saying this one is any different (it's the end, etc.), it's absurd.

In my opinion the previous pump was not according to the investment cap and was unnatural. In this year that pump was recovered and now the price is normal. It has been corrected so many times and I think it is good for new investors because in the future the price will increase gradually with the increase in investment capital. Let’s see what happens.

jadenunderhill

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Does anyone here, in this forum, realise that they already won again. By them I mean Wallstreet. They created futures to got cryptomoney for themselves. As always. Without institutional money bitcoin and other cryptos will be a toy. That is how it works in modern world. Of course, I believe in blockchain tech. But we neeed years, may be decades, for real adoption. What you can buy with bitcoin now? The right answer is: nothing. Few shops, few services and thats all. The only chance if something will happen to US dollar itself. That is the truth.

magneto

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Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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?

I don't think that just because there is a dump, it'll make the recovery any harder.

In fact, this dump was completely expected since the beginning. There is virtually no point panicking over losses right now, especially if you bought in near the peak, which you shouldn't have done in the beginning. I personally believe that being patient and waiting for the next bull market, which may take some months/years, is the best strategy right now for holders.

I'm pretty sure that if you looked at historical data, having a few hundred days of bearishness across the market is completely normal. Gives time for the markets to consolidate, essentially. Happens every bear market, so I don't get why people are saying this one is any different (it's the end, etc.), it's absurd.

First77

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Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

Jerald

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we really do not have to worry about it because such a bitcoin, bitcoin trickle and down its value because many investors and miners who hold the bitcoin where they sell at high prices are decreasing bitcoin price is down, so now is the right time to invest in bitcoin to buy it at lower prices and sell from higher prices.

Wind_FURY

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Quote from: hugeblack on June 08, 2018, 08:21:13 AM

I do not think the "new high" will take all that time "1,176 days (from Dec 2013 to Feb 2017)". Single good news "LN activation" is enough to raise the price to $ 10,000 again.
There is no need to repeat the time events, the decline in the past has its reasons, which are entirely different from now.
With the current upturn on bitcoin, the probability of a return included because this decline is a correction

Correct! It will take maybe 365 days less than that. Mark your calendars on May 15 - 25, 2020. Around those dates is when the halving will happen. I am very confident that the new all time highs might happen 3 months before that or 3 months after.

xuv500

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Agree. After this 6 months of fluctuations Bitcoin have not moved to high price worries me a lot and the price isn't moving forward with any rigor. I think the current market situation is bad and the investor are split their investment into other altcoins which give some extra profit that Bitcoin. There are numerous ICO in place and investors buy those with bonus rather than buying Bitcoin may also be one of the reason but not too sure about it.

timerland

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I wouldn't be surprised if there was a few hundred more days at least until the next bull market is able to get started. And even then, an all time high is not guaranteed. It will probably take at least until 2020 for us to reach the previous all time high, in my opinion.

And this is all due to historical indicators. Usually, bitcoin prices move up as the halving comes by, and 2020 is the halving.

Markets are going to be pretty quiet over the next year or two, however. Sideways movement is going to be the main theme here, and don't be surprised if prices go down further in the short term either.

Slow death

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Quote from: First77 on June 07, 2018, 11:30:15 PM

GAME OVER

You again, you really do not give up on continuing to post your poison all over Bitcointalk.

OP, do not worry, because eventually the price will increase, it may take years but the price will increase. That's because governments will eventually soften up with their regulations.

Quote from: shulio on June 08, 2018, 10:54:10 AM

We have to wait for 2-3 years for another ATH.

are more likely to happen

dothebeats

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I don't think that's a problem as long as we don't cross $7000 or $6000 since that would be a different story. People seem to care about bouncing back to $10k or even $15kish knowing that everything at that point wouldn't hold, or isn't stable to say the least. With that said, consolidating @ $7k levels before making a push is better rather than sudden spikes only to see ourselves getting lower lows, or worse, slipping down back to $5k. It's not entirely a bad thing to stay sideways for a couple of weeks/months especially if there aren't any strong bearish sentiment building.

DeadCoin

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Quote from: DamCryp on June 07, 2018, 06:52:22 PM

"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?

Likewise, we did have a long correction in 2015 loosing more than $1K lose when the value was too low. $1k value is too much. But just look at the hike takes place right after every correction. There will be huge hike and hope to have the same hike by end of this month. Fluctuations are normal with crypto currencies and the wise uses this fluctuations wisely. Never give up at any situation. If the value drop try buying more coins and hold back, if the value grows up, sell all the coins and profit yourself.

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