Bitcoin has now gone 173 days without a new high. - page 4.

richardsNY

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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.

That's perfectly fine with me if so, but due to how many crazy bullish developments we'll be going through, it will not take that long to break the current all time high. I think that if we allow the market to slowly climb up, 2019 might be the year we demolish that CBOE & CME peak. Current time allows accumulation to take place on a longer term scale, which is something we should all be happy with.

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

We should test again lower prices to determine the real BTC price and it could take years.

There is no real Bitcoin price in general terms. I won't buy Bitcoin if I think its overvalued, and you won't do that either. It's all based on what you as individual wants to pay for it, and that price will be the real Bitcoin price for YOU.

followmenot

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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.

harizen

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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?

Is this really important? I mean the streak? It doesn't really making sense to me since even with no established ATH, we can take advantage of bitcoin price.

As always, if people's goal is to hold for long then just acquired and increase bitcoins on our respective stash no matter what then patiently and calmly wait for that dream of going again to the moon.

People just have to "TRUST THE PROCESS" instead of using the term "RUSH THE PROCESS".

Tagus45

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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?

Do not be discouraged, because bitcoin is not over yet. Currently the market is falling, but you must have confidence that the crypto market will be able to bounce back. Bitcoin falls for 173 days, but between 174 - 360 days bitcoin definitely has an opportunity to increase.

shulio

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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 Sceptical Chymist

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

GAME OVER

Nah, this is a healthy sign. True, the speculators who are expecting nothing but an upward trajectory for bitcoin are probably moving on to...whatever...but everyone else who's been through weird markets before knows that's not possible.

As pointed out, bitcoin went a hell of a long time before reaching new highs between 2013-2017, and I remember those days vividly. I thought bitcoin was dead at that point, and then at some point it fell below $200 and I was sure it was in the coffin--but it wasn't. Nor is it this time. The doldrums have to shake out the weak people in the market before it can start booming again. So stay tuned.

GalahadSeika

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So sad that we haven't got any since 173 days. Well, just stay positive. I think we can get through of this. Probably late August or September and we're on just like last year Cheesy

.

fabiorem

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Quote from: 1Referee on June 08, 2018, 08:16:32 AM

1) The current price isn't low at all, meaning miners have plenty of room to keep making profits even if the difficulty keeps increasing further and the price doesn't.
2) The current price is close to break-even levels, but miners mine anyway and accumulate in anticipation of higher prices later on.

Option 1 is the most viable in my opinion. Miners in most cases only care about the economical gains they can book right now.

Is the mining calculator wrong, then?

https://www.cryptocompare.com/mining/calculator/btc

Febo

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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 dotn understand why people keep repeating that because of current awareness, things are much different. It is normal that awareness is higher. So it is price. Last ATH was at $1200 now is at $20000. So yes much higher awareness is needed to reach $20k then $1.2k.

carlisle1

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Quote from: BitcoinNewbie15 on June 08, 2018, 12:10:10 AM

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.

True and lets not exaggerate making the last hype of $20,000 is the basis of the price because we all know that it was a bubble and it will take long time before reaching it again in a normal way no bubbles ,$10,000 is the highest value that for sure will happen this year but if growth go over that then lets all be thankful but expectation will only bring us bitterness

hugeblack

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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

1Referee

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Quote from: Wind_FURY on June 08, 2018, 01:51:09 AM

OP, then what are you waiting for? Find a job, a second job, any job and accumulate more Bitcoins while the price is under $10,000! This is an opportunity of a life time, do not waste it.

No need to exaggerate things.

The difficulty went up nearly 15% a few days ago, and it currently signals a +6% difficulty adjustment for next period. It means two things;

1) The current price isn't low at all, meaning miners have plenty of room to keep making profits even if the difficulty keeps increasing further and the price doesn't.
2) The current price is close to break-even levels, but miners mine anyway and accumulate in anticipation of higher prices later on.

Option 1 is the most viable in my opinion. Miners in most cases only care about the economical gains they can book right now.

KrishaBitcoin

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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?

At least Bitcoin price is healthy at $7,000. As i remembered last year we are waiting for a very long time for the Bitcoin price to reach the $5,000 value so if we compare the performance of today from last year then still this price is still considerable and stable. Its just happen that the price of Bitcoin is high as $19,800 last year that most of us are really eager to hit that mark again but better we should use to this current price while we are waiting for future progress of the Bitcoin value.

Tankdestroyer

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

will make it more difficult for BTC to reach new highs?

I think bitcoin being overbought for the past 6 months would not make it more difficult for it to reach new all time high, but i'd say we might see lesser action for the next coming weeks and might get stable to the current price range for a while(especially now that institutional money has started coming into crypto space). IMO, bitcoin atm is on the accumulation stage, getting ready for the next bullish run.

oegarod

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Quote from: BitcoinNewbie15 on June 08, 2018, 12:10:10 AM

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.

It took 1000+ days when it had a very low circulation compared to the present. By those days it was in its early days of into evolution and truly requires time to gain potential. Now the scenario is different, it has the potential and due to some sort of manipulation from large scale investors the price isn't growing high.

St4yInTh3D4rk

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If the price is low for too long then you have more time to invest on but surely the price will reach new high sooner or later but definitely it will.Still the price of bitcoin is decent and it is waiting for to break the resistance at $9700 maybe it will happen at the second half of this year so we may see the new ATH at the end of this year.

Idrisu

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That means bitcoin is getting stabilize and it can be relay on to be used by business. Bitcoin is going to get upwards movement very soon though we need more stability than pumping if bitcoin will or should be used as money. We should be more optimistic about this new discovery.

Wind_FURY

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OP, then what are you waiting for? Find a job, a second job, any job and accumulate more Bitcoins while the price is under $10,000! This is an opportunity of a life time, do not waste it.

davis196

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The December 2013 BTC price ATH is no longer an ATH.All the older all time hights are no longer ATHs.
The only ATH of btc price we should talk about is the December 2017 price.That 1,176 days streak isn`t important at all.People are analysing the btc price movement based on historical price movements,which is wrong.The new btc ATH might happen after 20 days,or it might happen after 2000 days.Who knows?

Herbert2020

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there is nothing significant about this in my opinion. the trend is the important part.
our current All Time High is sitting at $20,000 and we may not see a new "high" for another year but we can see a bull trend of a slower but a much solid rise from $7k towards that ATH and the number of days with a new high can grow a lot more than this. but would anybody mind it? no. a solid rise is more important than setting a new high every couple of months.

Topic: Bitcoin has now gone 173 days without a new high. - page 4. (Read 729 times)