Topic: Bitcoin in the last 5 years compare to now - page 3. (Read 597 times)

Definitely, 100%.
It is not a question anymore if bitcoin is going to continue for the next years. Of course it will. The institutions are just even starting to look at the positive side of being interested on it and that's why if you're having doubts til' now, you should change your mindset because it certainly will.
When OP posted this thread, he said $21k but look at the price of bitcoin now staying on $34k and if it goes down, $30k is likely going to be the bottom of it.

Currently Bitcoin is still widely discussed and has received a positive response from the world community, Bitcoin is still felt to have a good impact on everyone, from year to year we can see that the development of Bitcoin continues to develop perfectly. It can be seen that since it was listed in 2009, it has been running for 14 years, this is a sign that Bitcoin has made great progress in all markets around the world.

My understanding is that Bitcoin continues to develop and progress as long as there are humans who are willing to adopt and trade online, as long as humans can operate exchanges and trade Bitcoin will still get good value in the market, it can be speculated based on once every four years there is a reduction and it continues to happen, that is what makes Bitcoin attractive to all people, especially crypto users and investors.

The adopting of bitcoin has increased tremendously in the last five years to now, and it's still increasing. It's awareness as an alternative means of payment and currency for trading and investment, plus being a digital decentralized currency that has no boundaries, makes it's adoption to have even more advantage to the holders. The facts that established firms like Tesla and countries like El Salvador, have seen the advantages of bitcoin, shows that in the nearest future more companies and countries will embrace the adoption. I'm also impressed that some small businesses are now accepting bitcoin payments, this will be the best driver of the adoption in a few years to come.

Despite the fact that the central bank in my country has placed a ban on banks to facilitate crytocurrency transactions, still the adoption and transactions have continued to increase over the years.

I have the believe that the volatile nature of bitcoin that makes it's price to fluctuate, will be a favorable asset in the hands of investors, because it'll give them the choice to know when to sell or buy bitcoin. Also the price fluctuations necessitates bitcoin trading.

Bitcoin's price will continue to grow more in the coming years, remember that bitcoin's not yet fully adopted in terms of globally and I don't think that we're going to be ready for the price when that finally happens. Given that there's currently 2 prominent conflicts in the world right now (Ukraine vs Russia, Israel vs Palestine), we might see a slow but steady growth but when the time of peace comes and people are still alive all over the world, we might see bitcoin as a way to help those devastated by the war and if that ever happens, that can be a good spotlight for bitcoin if it helps the people.

Investing in Bitcoin for the long term has given us proof, especially for those familiar with Bitcoin before 2017. They can see that the current price is higher than the ATH that year but has yet to reach the previous ATH.
But that will be achieved soon, whether at the end of the year, before or after the halving, or in 2025.
The market has started to leave the bearish market because prices have risen gradually, although it is still not a significant increase.
But we can breathe easier because the price of bitcoin can increase and will increase soon.

There's no doubt that Bitcoin will continue to rise in value until 2023. As you correctly pointed out, its growth has been very fast and has often caused problems for traditional banking systems. One of the best things about Bitcoin is that it is decentralized, which makes control very hard. What are the effects of broad adoption by strong nations? Thats the question we need to ask.

If big countries like the US, UK, Russia, and China all started using Bitcoin, it would have an impact on the world that has never been seen before. Although, these countries are having a hard time with the thought of using a currency that they can't control. Governments want to be in charge, but Bitcoin fights this idea. Would this change the value of Bitcoin if government control became too strong? Your point about the possible loss of trust is smart and should be thought about more.

Absolutely. Over the time Bitcoins will gain more popularity. Hence more people will show interest to buy the coin. Now more people are interested, hence this will lead to the increase in demand to accumulate bitcoins. Now we know if the demand increases and the supply is less or fixed, then the price automatically goes up. Therefore, in the coming years the price will go up only. So yes, if you want to make maximum profit, then buy as many coins as you can in this cheap price.

The price of Bitcoin had be fluctuating for long now and for those who are still holding without any plans ilof selling their assets will gain a nice profits if they can still hold till when Bitcoin would reach $100k. This might take more years for that price to be attained so we all need to be patient enough for when the time would come. Holding is one thing and making profits is another things. Those who can hold for a long time will be rest assured to make significant profits in a long run of keeping their Bitcoin and leaving it to grow like grass does.

 Bitcoin has proven to be one of the most valuable asset of 2023, if world power countries like the US, UK, Russia and china finally adopts Bitcoin, we will see Bitcoin in the mainstream markets. There is possibility of Bitcoin getting adopted soon. Its constant growth becomes so difficult for these countries to suppress the flow and growth of Bitcoin. Bitcoin is not under any entity its decentralization makes it impossible to control.  Bitcoin 5years ago was like safe haven for everyone who acquired it. We saw Bitcoin in its glory and everyone wanted to make a move on the market before its decrease. People who made the move on Bitcoin made a lot of wealth depending on the capital you use to invest and the time of investing.
  Bitcoin is here to stay and we will see greater moves than before if the coin finally gets adopted by most countries, bitcoin and blockchain is one of the new technologies in the world everyone is currently looking forward to. They are lot to navigate in the blockchain ecosystem, in this way one can master whatever works for them and be master in the field. With blockchain technology and Bitcoin lives will be better and easier, we don’t have to worry about taxes in the cryptocurrency space, government don’t have a hold of it. This is why government are trying really hard to regulate it so that they have something to gain from what ever transaction happening in the spaces. I feel like if government has control,Bitcoin will lose its credibility.

It is obvious that only Bitcoin is leading the crypto market. Try long-term investment. And we have also seen that, with each passing year, its value in the market did not decrease.

Now, 5 years ago, that was 2018, these are the times when we are about to enter the bear market these days, but if you really look at the difference between these times, the difference from now is actually very far. And during our time, I was having a bit of a hard time generating profit here in the crypto space.

First it is not past 5 years instead 6 years because from 2017 we are in 2023 now and that is 6 years in total.
 second it is not 21k but now we are at 34k and I believe that just right after you post this bitcoin price starts to climb and yeah make it high
 instantly breaking 30k and above . also why need comparison just only from 5 years when you can try ringing from the beginning and see how
high it climbed each 4 years. and continuing in the coming years? this only shows how you are not really digging inside this market and just
putting your thoughts in short knowledge .
Mate if you are only reading the date when you are quoting , this thread created week ago so meaning that the
price really changed from October 27 the thread creation till now that we have already had a great climb last week.

But my question is, will people actually buy if bitcoin drops to $27k or lower? I really doubt it, I think when bitcoin dropped from $34k to $27k, many people wouldn't buy it and wait for it to fall further. This is not new, when bitcoin falls, people just wait for it to fall further to buy, but in the end it does not fall as they expected but increases. After that, they regretted it and did not dare to buy bitcoin at the current price of 34k$. If we want to buy bitcoin, buy it as soon as possible, don't wait.

That is the problem and fears many individuals and corporate bodies are having patterning to bitcoin on how you just invest your money a something that's not controlled by any centralized authority and it yields profits for you within a medium or long time. But it's just a simple application to note that they don't understand the bitcoin blockchain network and worst still they haven't taken time to research about the whole technology for themselves.

Over the centuries people have gotten accustomed to sweating their balls in a contract investment or of any kind of investment before making profits from it and since bitcoin investment doesn't work that way where an investor (hodler) gets to take up certain tasks and hassles before profit can be made they seem to be baffled and overwhelmed by the results bitcoin is yielding in profit to investors. However, this is the 21C and live has got to make a meaning in an entirely different perspective and we've to follow the wave never to be static.

We all wish to have bought more bitcoin while its price was cheaper, but as long as you got some then that is more than enough as we lack the ability to control the price of bitcoin and we are the ones that need to adapt to its erratic movements, however while most traders expect for the price to keep increasing, the possibilities are not zero we could see another correction, and if that happens then we need to be ready to take advantage of it as it is unlikely such correction could last for long.

. You still have a chance. Well, maybe it is too late to buy bitcoin right now because it may drop at a certain price and you will lose your investment. Instead of buying, why not trade in that way you could still earn from bitcoin. You could take advantage of its volatility. I also regret not buying a lot of bitcoin in the past. That's why I'm catching up in the form of looking for a way to earn through bitcoin. The government can completely ban the bitcoin because they can't stop people from investing in it. There are tools to be used if, for instance, they will implement the banning of bitcoin. And if the governement will ban the bitcoin it only shows that they are afraid of the threat on how powerful bitcoin is, which is true if bitcoin still there in a few years bitcoin will be used widely.

Today's price is $34k, not $21k, I wish it was still so cheap so I could buy more, unfortunately it is not. Anyway I really don't see why bitcoin shouldn't keep getting better and better, at this point is clear that the major governments are not going to ban it, more businesses accept bitcoin, more people know what they are, I mean, everything looks pretty great.

I think this will be continued in the upcoming years. Because, adoption of BTC is increasing day by day thus the volume is also increasing and big candles are proof of that. Demand increases over supply which is one of the main factors for the BTC price to increase. But the concerns here are not about BTC price but about adoption of BTC.

Talking about adoption, I will mention some platforms that have recently adopted BTC or changed there opinions about BTC and why did they think they made a wrong choice of not adopting BTC earlier.

• Tesla, a company of Elon Musk, which accepted BTC as payment method in 2021 maybe but refused later, and now in 2023 they accepted it again for buying Tesla cars
• Namecheap a web hosting and domain service providers.
• Microsoft
• Honda car company also accepts BTC as payment method but not directly, they use some third party partner to make payment in crypto
• Rakuten
• Etsy

These are few names, but you will find many actually this list is of 2023 only after searching more you can see how many companies have adopted it really. I forgot to mention that 2 countries accepted it as legal tender too.

I am confident about the fact that many more companies and many individuals will come forward to accept Bitcoin in the near future. Countries like El Salvador coming forward to recognize Bitcoin as a legal currency have already pushed it to a level where we can speculate that more will come forward and recognize it the same. Bitcoin is on a track in which it will only move forward from here. There's nothing that is going to stop it from happening.

The history speaks for itself. We can see what has been happening and with that information, it becomes clear that Bitcoin is here to stay. It not going anywhere. The more you ignore Bitcoin the more you stay behind in the race. So I don't think any big company will miss the chance to grab that opportunity to stay at the top. The more we move towards the future the more we will see Bitcoin getting adopted in many places including countries.

If you do not have information, Tesla has sold 75% of its total investment in Bitcoin, and if there is a company that wants to invest and build long-term positions for the coming years, now is the right time, and we will see who bought in Q4 data of this year when it is disclosed.

https://www.wsj.com/livecoverage/tesla-earnings-q2-2022-elon-musk-live/card/tesla-sells-75-of-its-bitcoin-purchases-tgkMdMf1EHDvdniqHu8S#:~:text=Tesla%20Inc.%20said%20it%20has,earnings%20impairment%20linked%20to%20bitcoin.


If companies decide to invest up to 3% to 7% in Bitcoin, then it will be the real change in the game.
It is difficult to predict the direction of Bitcoin based only on the last 5 years, it will give misleading results.

Oh yes. Definitely.

I also think we will see somebody post a similar thread in 5 years time, saying how crazy it is that only 5 years ago, Bitcoin was only $30k.

To be honest, it would be history repeating itself because 5 years ago and 5 years before that, people were posting threads just like this one, saying how surprised they were that Bitcoin reached such leaps in price.

I am not going to be one of those people in 5 years because I will be hodling. No surprises. Only happiness.

I recommend others who are currently investing in the wrong coins to rethink whether they want to be part of Bitcoin history or not. Now is one of the most exciting times- Countries have started adopting Bitcoin. It starts small, at first. But the Bitcoin adoption is now unstoppable.