Topic: Bitcoin in the last 5 years compare to now - page 4. (Read 597 times)
Circle Bitcoin will remain the same. Prices Fall Investors, Institutions and even a Country are starting to buy and stock Bitcoin as an investment asset, and as the price of Bitcoin rises there will be those who sell to take advantage of their investment profits. I think this will continue as a cyclical chain in Bitcoin.
Bitcoin's rise from $4,000 to roughly $69,000 is remarkable. It shows volatility, potential, and speculative nature of it. However, these numbers must be examined alongside their underlying drivers. The embrace of Bitcoin by Tesla is not a casual investment strategy. It proves the digital currency's potential as a hedge, asset, and mainstream payment. But, is Bitcoin's popularity due to its worth or speculation?
Institutions want diversified portfolios due to low interest rates and high asset prices in the global economy. Bitcoin provides that. Regarding your trend continuity question: While business giants have validated Bitcoin's utility as an asset, its volatility is clear. As corporations experiment, the stakes rise. The next few years are crucial. Bitcoin's trajectory depends on regulations, institutional interest, and market dynamics. Not just growth, but strategic and sustainable growth.
Institutions want diversified portfolios due to low interest rates and high asset prices in the global economy. Bitcoin provides that. Regarding your trend continuity question: While business giants have validated Bitcoin's utility as an asset, its volatility is clear. As corporations experiment, the stakes rise. The next few years are crucial. Bitcoin's trajectory depends on regulations, institutional interest, and market dynamics. Not just growth, but strategic and sustainable growth.
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Asides the comparison of the value of bitcoin between now and the last five years, bitcoin has also shown growth in the form of increased popularity. More people know about bitcoins now, than five years ago, and that is how it will continue to be, that is more people knowing and hearing about bitcoins until there is no one left without knowledge of bitcoins. The duration it will take for it to be achieved will be determined by how committed we are to letting people know. With more commitment, it should be achievable faster than expected.Today will one day become the past also, and a reference point to the future.
The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
This will continue in the coming years and beyond and it can only be seen by the way this companies keep coming into this project and invest their assets in them. They are among the key players in the bitcoin markets known as whales (big investors). In the past years, not many companies have key into this project because they haven’t saw the potential in it and some are being sceptical about their investments.
The earliest that invested reaped the profits of their investments, so this has brought about the interest of others to invest into this and hope for a better return in the future which they will undoubtedly benefit from also. As whales, they can sometimes manipulate the market but not without the consent of many other investors and miners which is very hard to happen.
It is true that Bitcoin awareness has gotten deep but this is just the beginning. As time progresses many institutions and countries will join Bitcoin after seeing the successes of those who have been there.
I'm optimistic that the major Bitcoin ETFs will be approved and when this happens, many large institutions will have the confidence to invest in Bitcoin, thereby leading to high price of the asset.
Bitcoin will perform better than it has done in the last 5 years becauze the potential is there. Besides, the doubt around Bitcoin is fading day by day as many people are not realising that those lies about Bitcoin being bubble were promoted by those who are afraid of the power of Bitcoin. We should look forward to a future of hope for Bitcoin because those of us early to this will really enjoy the fruit of the choices we make now.
I'm optimistic that the major Bitcoin ETFs will be approved and when this happens, many large institutions will have the confidence to invest in Bitcoin, thereby leading to high price of the asset.
Bitcoin will perform better than it has done in the last 5 years becauze the potential is there. Besides, the doubt around Bitcoin is fading day by day as many people are not realising that those lies about Bitcoin being bubble were promoted by those who are afraid of the power of Bitcoin. We should look forward to a future of hope for Bitcoin because those of us early to this will really enjoy the fruit of the choices we make now.
The price of bitcoin is rotational and its not something that is been stagnant in price, the price recycle every year and everytime, actually in 2017 we experienced a heavy increase in bitcoin and 2021 we also experienced another mighty increase in bitcoin, so when you cross check the prices you will confirm that each of the year price in bitcoin market interchanges and it never remain the same price.
When bitcoin price reached to sixty nine thousand [69k] some people never believed that the price can fall to any point lower than fifty five to sixty thousand [55k-60k] then, so that is while always emphasising that bitcoin market price is unpredictable and you can depends on the price.
Since three days now bitcoin has been to thirty three thousand to thirty four thousand [33k-34k] so that is to say each of the year have it price tag in bitcoin, and especially the highest price of any year, when you invest in bitcoin base the increase in market this year and invest next year it will be that the price will not reach to the point you expected, it can neither falls or increase, because the possibility is there due to the market determination.
When bitcoin price reached to sixty nine thousand [69k] some people never believed that the price can fall to any point lower than fifty five to sixty thousand [55k-60k] then, so that is while always emphasising that bitcoin market price is unpredictable and you can depends on the price.
Since three days now bitcoin has been to thirty three thousand to thirty four thousand [33k-34k] so that is to say each of the year have it price tag in bitcoin, and especially the highest price of any year, when you invest in bitcoin base the increase in market this year and invest next year it will be that the price will not reach to the point you expected, it can neither falls or increase, because the possibility is there due to the market determination.
@ your time of making this thread at OP, Bitcoin was around $34K and not $21K as said.
Contrarily, Bitcoin does not have a positive value because it is a volatile currency hence, it has a positive potential whereby, despite its deflations and inflations seasons, there are tendencies to a higher increment in just matter of time backed with the scenero of OP pointing at the coin at $4K in couple of years past but today has it a bull run comparing to the pasts and however, more increments is expected to strike in the value of the coin but still matter of time.
This is why patient is a keyword to its investors who trades on the digital marketing with the potentials to make interest because, some person's beholds the coins not basically for investment as a case of making profits but with the reason of exchange for services as alternative to fiat currencies.
Contrarily, Bitcoin does not have a positive value because it is a volatile currency hence, it has a positive potential whereby, despite its deflations and inflations seasons, there are tendencies to a higher increment in just matter of time backed with the scenero of OP pointing at the coin at $4K in couple of years past but today has it a bull run comparing to the pasts and however, more increments is expected to strike in the value of the coin but still matter of time.
This is why patient is a keyword to its investors who trades on the digital marketing with the potentials to make interest because, some person's beholds the coins not basically for investment as a case of making profits but with the reason of exchange for services as alternative to fiat currencies.
Well, it's nice to see how Bitcoin has changed in the last 5 years.back in 2017 Bitcoin was around $4000, and there a lot of speculation if it will be a good ideal of investment. With the pass years we have seen the up and down with price of Bitcoin nearly $69,000 @ November 2021, the price today of Bitcoin is around $21,000, which is a big huge change from the past few years. Bitcoin have a positive value, it can also used as and asset. In the past five years has been a huge growth, however institution that held Bitcoin and investment on it like Tesla , having a amount of Bitcoin on their account. This has brought a huge profit. The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
There's no doubt Bitcoin has come a long way in the past five years and it's showing no signs of slowing down. One of the biggest changes for Bitcoin over the past five years has been the growing interest and investment from institutional investors. it's now considered a legitimate investment opportunity by major banks and hedge funds.
Now to answer your question, The short answer is yes because I think that the use of Bitcoin by companies and organizations will continue to grow in the coming years. A convincing number of large corporations like tesla that you mentioned and some others like Microsoft and PayPal are now accepting Bitcoin as payment and I believe more and more small businesses are also beginning to accept it. I think this trend will continue as cryptocurrency becomes more mainstream and as more people become comfortable with using it. We still have a long way to go thou.
the price today of Bitcoin is around $21,000,
I suggest you take a look at the charts next time you wanted to start a topic like this and spend a moment contemplating it!Last time price was $21k was about 7 months ago on 2023-03-13 with all the market manipulations and dump attempts only could bring it down to $25k (the new bottom and a strong support). Not to mention that today price is closer to $35k!
As for the past 5 years, the world is not the same though. A lot of things have changed. We've endured 2 recessions, one because of the pandemic and the other because of the proxy war between East and West that is still ongoing. That affects the global economy which in turn affects bitcoin market.
I hoped you did your research well for the history of the price of BTC for the past five years. Of course, there is no question that just within that time period Bitcoin made a very impressive growth leading to the present $34K level...and with 2024 scheduled to be its halving and the offing ETF approval many experts are now telling us that there can be a big possibility for a bull run in 2024. Will BTC be reaching a new ATH next year? That is something we should be excitedly watch for developments. One thing for sure HODLING is the best strategy one can do especially if one is not a certified trader.
Of course, this will continue in the years to come. Bitcoin has changed in the last five years and has received the attention of many people and large companies. They have seen what benefits Bitcoin can provide.
I agree with @Yaunfitda, who said that 2017 was an exciting year. In that year, Bitcoin gave big profits and many altcoins also gave big profits. From there, people started to pay attention and join in crypto.
You can continue if you want to buy Bitcoin again for long-term investment. The current Bitcoin price is still worth buying, even though there was an increase to $34k yesterday. And a correction has come so that the price of Bitcoin declines again to $33k. That is a lower price than yesterday. In the coming years, mass adoption will likely occur. So prepare yourself before that happens.
I agree with @Yaunfitda, who said that 2017 was an exciting year. In that year, Bitcoin gave big profits and many altcoins also gave big profits. From there, people started to pay attention and join in crypto.
You can continue if you want to buy Bitcoin again for long-term investment. The current Bitcoin price is still worth buying, even though there was an increase to $34k yesterday. And a correction has come so that the price of Bitcoin declines again to $33k. That is a lower price than yesterday. In the coming years, mass adoption will likely occur. So prepare yourself before that happens.
Mass adoption by institutions will continue, and while retail investors can influence prices and market sentiment, large institutions wield even greater power through their actions with Bitcoin. More companies will start securing Bitcoin in their own wallets, anticipating a future filled with surprises from Bitcoin, courtesy of these major corporations.
In the years ahead, Bitcoin is poised to unveil more surprises, further increasing its value. Its limited supply compels everyone to vie for ownership, and Bitcoin ETFs serve as a significant gateway for institutional investors to enter the market on a grander scale.
Now, 1BTC =
In the years ahead, Bitcoin is poised to unveil more surprises, further increasing its value. Its limited supply compels everyone to vie for ownership, and Bitcoin ETFs serve as a significant gateway for institutional investors to enter the market on a grander scale.
Now, 1BTC =
Do you think this will continue in the coming years?
Yes, it will continue in the coming years, that's Bitcoin for you. There are still a lot of opportunities for the participants be they individual or corporate, once they invest their money, they get to make their income in multiples.Come to think of it, let's say that a company with a huge amount invests $1B in Bitcoin. And in just a year after, if Bitcoin grew just 4 times the amount of its price at that time (which will be easily possible), the company would have made $1B. This is as easy as that, as though they did nothing but earn more.
How many investments and business contracts could do that?
Well, it's nice to see how Bitcoin has changed in the last 5 years.back in 2017 Bitcoin was around $4000, and there a lot of speculation if it will be a good ideal of investment. With the pass years we have seen the up and down with price of Bitcoin nearly $69,000 @ November 2021, the price today of Bitcoin is around $21,000, which is a big huge change from the past few years. Bitcoin have a positive value, it can also used as and asset. In the past five years has been a huge growth, however institution that held Bitcoin and investment on it like Tesla , having a amount of Bitcoin on their account. This has brought a huge profit. The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
Just for the record, the price right now is almost $34k not $21k,Quote
BTC
Bitcoin
BTC
$33,993.40
$33,993.40
2.22% (1d)
Bitcoin
BTC
$33,993.40
$33,993.40
2.22% (1d)
https://coinmarketcap.com/currencies/bitcoin/
Not sure if you have been here in 2017, but yeah, it was a very good time back then, not just Bitcoin but even altcoin market back then are booming with their ICO. Regarding your question of institutional money flowing in the market, yeah why not? You don't need to worry about those institutions though, as retail investors just like you and me are very important on the market. We are the one going to push for the price in the next bull run. So the question is, are you ready? have you accumulate enough to make profits? If not then you still have months to save and buy Bitcoin.
Well, it's nice to see how Bitcoin has changed in the last 5 years.back in 2017 Bitcoin was around $4000, and there a lot of speculation if it will be a good ideal of investment. With the pass years we have seen the up and down with price of Bitcoin nearly $69,000 @ November 2021, the price today of Bitcoin is around $21,000, which is a big huge change from the past few years. Bitcoin have a positive value, it can also used as and asset. In the past five years has been a huge growth, however institution that held Bitcoin and investment on it like Tesla , having a amount of Bitcoin on their account. This has brought a huge profit. The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
First of all, your five-year history is not correct. You really don't know why you're misinformed. Do you know the history of five years? I will give you five years of history.
Here is 2010 To 2022 Price Of Bitcoin
Now 2023 and now the price of bitcoin is running 34K+ and this is the 10-year history of bitcoin.
Do you think this will continue in the coming years?
If you meant price increase and continued adoption on the institutional side, then yes — because if most of us didn't think this, we simply wouldn't be here and continue to be buying bitcoin. Simple as that.
Well, it's nice to see how Bitcoin has changed in the last 5 years.back in 2017 Bitcoin was around $4000, and there a lot of speculation if it will be a good ideal of investment. With the pass years we have seen the up and down with price of Bitcoin nearly $69,000 @ November 2021, the price today of Bitcoin is around $21,000, which is a big huge change from the past few years. Bitcoin have a positive value, it can also used as and asset. In the past five years has been a huge growth, however institution that held Bitcoin and investment on it like Tesla , having a amount of Bitcoin on their account. This has brought a huge profit. The way Bitcoin is been used by large and small companies and organizations. Do you think this will continue in the coming years?
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