Topic: Bitcoin in the last 5 years compare to now (Read 579 times)

The technology bitcoin uses hasn't changed much since its launch. So if people are interested in it right now then there is slight chance that the interest will fade away. You are talking about the use of bitcoin by companies which is a positive side but i am not seeing much adoption here. What we are seeing is that some big institutions like microstrategy, tesla etc are taking a large sum of bitcoin out of circulation. Even the biggest asset manager blackrock will do something similar. They will buy bitcoin from the market and offer their holding as a share to their customers. Where is the use of bitcoin in all these? The only use case it is serving is to be used as a store of value. 

It's just whales that mainly focus on Bitcoin, but I believe mid-level investors always have their eyes on certain altcoins because of the growth potential they carry. A coin priced $10 can go up multiple folds very easily if there is money being poured in it compared to a coin priced $10k which will barely be able to double its price during an uptrend, and this is the biggest reason why some big or mid-level players always have their hands on some altcoins as well.

Many people avoid altcoin investments because of the risks they carry because they know Bitcoin is better in terms of safety since you don't stay worried about it going straight down from where you've bought and even if there are dips and corrections, you know that it will eventually recover again.

I agree, I think it will gradually become more and more common for companies to have bitcoin on their balance sheet, in the same way that they can now hold shares in other companies or bonds, for example. I don't think they will all become believers overnight, Saylor style, but I think that slowly and gradually more and more companies will do so, in the same way that bitcoin will become more and more used by the population.

Definitely yes. Not exactly the same trend but yes it will continue to increase its value and open opportunities.. The cryptocurrency's acceptance as a valuable asset by both large and small companies indicates a growing trend. While btc is very volatile, its continued integration of Bitcoin into various sectors suggests its significance will likely endure but its still very important to have thorough research. I think everyone is looking forward to it.

During the period of 2018, it was very difficult to earn in Bitcoin and cryptocurrency because we were in a bear market period during those times. Then I didn't keep up with the bull run in 2021.

But this year, 2023, the state of the market has been quite good, and of course, I also believe that somehow the profit of cryptocurrency can be established. Especially since we are going back to the bull run season next year because there is also an upcoming Bitcoin halving.

The answer is capital YES, the demand for Bitcoin by both large and small institutions will continue, and even on the increase rate when compared to what we have seen now as Bitcoin supply gets reduced over time thereby making Bitcoin more scarce.

Wrong I can't recall seeing the price of Bitcoin trade around $21k as of 27th October 2023, based on the date that you published this thread. However, if you check over the years, according to you five years down here, Bitcoin has done tremendously well in terms of price and hopefully will have a greater price in the future, if we go more five years from here too.

It is true that Bitcoin is a second-party mechanism for carrying out global transactions, and this will become more so as the value increases. Many people trust this early Bitcoin technology because they believe in Bitcoin. They believe, this technology can be permanent and secure, and they can achieve financial freedom through it. In addition, Bitcoin is a new financial system that is decentralized so that there is no middleman between users. For this reason, people are using Bitcoin with conviction and it is providing them with a financial management compared to the institutional medium. Bitcoin has gained a lot of role in recent years and more administrative and ethical stability is currently being created for this cryptocurrency. This may actually lead to Bitcoin being used by more people in recent years, as well as increasing its usage opportunities.

In just 5 years everything has changed dramatically, so how will it change in the next 5 years?  we don't even have to wait another 5 years, there will be even bigger changes in the next bull season.  once the ETF is approved, it will be much easier to promote bitcoin to greater popularity.  once the ETF is approved, we will see more corporations and institutions pouring money into this asset and we will achieve global popularity faster than we think.  Once bitcoin achieves global adoption, the value of bitcoin will increase significantly as demand will exceed supply.

There is a very big difference between five years ago and now, because it is quite visible in terms of price and many people's assessment of Bitcoin has also changed a lot. Now there are more and more Bitcoin enthusiasts and the level of stability of the price of Bitcoin itself is also very visible, so things like adoption in several countries by shop or restaurant owners are also starting to be seen, which is also a difference in Bitcoin over the last five years. And other new things may still appear in Bitcoin for the next five years.

Cryptocurrency has already made its place in the technology world many countries around the world have started legalizing cryptocurrencies like Bitcoin. Many big companies are working with cryptocurrency bitcoin is becoming more popular than ever compared to the last 5 years and its price has increased both in demand and supply. Day by day bitcoin is becoming a powerful currency and many countries around the world are validating bitcoin to develop their economy because there is no impact on bitcoin. Private organizations are thinking about keeping bitcoin safe.

If that's how things are going to happen then I guess the best course of action for retail investors like me is to just accumulate more bitcoin and hope that things are going to my way and hopefully reap a really good profit. I'm so scared and excited at the same time that the possibility of more corporations/institutional investors are getting in bitcoin is just getting more clear, I know that when they get in that the prices are going to go up in a way that some of us might've never imagined but at the same time, I fear that we might see these corporations at the long run, the only group that's circulating bitcoin because the retail investor can't buy a lot of bitcoin anymore or that the market manipulation will just get more rampant.

They are big difference comparing in five good year's which is coming with big hugs amount of return investment profits that always cause by Bitcoin halving. When the price of Bitcoin keep appreciate and get more scarce by miner reduction.

As long as companies, people are using this currency, there's always the possibility that the demand will further increase in the coming years.
Worry if we are seeing that the popularity of crypto market is waning down. That's when you need to seriously look out for what may possibly happen with this technology.
This is why it is safe to say that the number of users today is more than what we had 5 years back. We have seen a lot of people trying to join this market.
Of course, the hope of getting high profits is always there. And volatility factor is one major reasons why people are getting enticed to hold some of this currency.

If that is what you see and it happens now, then it is absolute that it will grow demand and its adoption.

We'd never think this thing happened because what is in our mind is full of uncertainties but we believe it now that this new technology gives us something new. As the years come by, we can expect more things like this -- and more people gain interest in investing, trading, and using this as a payment option. It is really true that the development and acceptance of the community takes years, not just a single day.

Banning Bitcoin in several countries is also not a serious enough obstacle for Bitcoin to continue to grow and even new people continue to like Bitcoin when looking at some well-known investors who still like Bitcoin today which means it will continue to provide a positive boost to Bitcoin in the future to come as it will only take time to see more adoption occurring in various countries for Bitcoin. Moreover, there are many people who experienced a clear life change when Bitcoin peaked in its bullish condition and that has also become a positive proof for Bitcoin in attracting many enthusiasts for the future.

If you look closely at the price of Bitcoin over the last five years, you will see that the price of Bitcoin has risen substantially every year. In these five years Bitcoin touched its highest price in history and then touched the highest price and fell far below that means everything happened in these five years in the Bitcoin market. The price of Bitcoin is now hovering around $36,000. 
2023 is almost the end of a new year and Bitcoin is likely to touch new horizons in the new year. The end of 2023 has ended well for Bitcoin and now we are looking forward to a good start to the Bitcoin market in 2024. Hopefully Bitcoin will break all the records that Bitcoin has touched in the last five years in 2024.

bitcoin has the potential to be used by more people in the next few years for their transactions or investments. we can see how bitcoin has developed in recent years. even though many parties reject and ban bitcoin, that doesn't stop the adoption of bitcoin, in fact bitcoin continues to grow and can even reach its ath. with the developments it has shown, we can now conclude that the potential for bitcoin to be used by more people in the future is quite high and i am confident about this.

By looking at the development of bitcoin from the beginning until now, this will continue in the coming years, especially if more and more countries approve the use of bitcoin either as an investment or an alternative means of payment besides money.
That will provide a faster path for bitcoin to grow even bigger and more investors will come and start investing in bitcoin. In terms of price, there will be a very high price spike. Maybe after the halving occurs because of the scarcity of bitcoin, it will cause the price to increase.
In the near or medium term, there will be a price increase, which might reach its final ATH and after that, there will be a high increase to make a new ATH.
But unfortunately, we can only wait and prepare ourselves before the time comes.

Maybe you could add up to your own way of providing information with the use of references to back up your discussion, we all know that bitcoin has outrightly performed well in the past and still doing thesame till present and future to come, but when we have samples of situation, scenarios where this performance were made or achieved, it could give more explanation to buttress your point on this subject matter, you can next time show a chart that comprises bitcoin performance period within the last five years as you've targeted.

No one wants to lose money but someone has to as this is how to markets work, however while the price at which you bought your coins is without a doubt important, I consider a more important factor to be simply your patience as an investor, since most of the time the ones that lose their money are the ones which want to earn a lot of it as fast possible, and not only they give themselves a period of time too short to achieve their objectives but they use leverage and other risky strategies that eventually cause them to sell their coins for a loss.

It is a harsh truth and shows how people often take advantage of Bitcoin's ability to respond quickly to changes in the news. Big players are more interested in Bitcoin than in altcoins. This isnt just a chance; i's a well-thought-out strategy based on Bitcoin's rise and its natural ability to generate huge returns.

But ignoring altcoins as chess pieces waiting to be moved on the big board of crypto investments makes me wonder how dynamic market trends really are. Given how circular financial ecosystems are, is it possible that we're not giving altcoins their due credit? A sharp eye might see an opening when the big players dont seem to be interested.

No one will want to miss the opportunity but the cause is money if you have money you can easily invest but if you don't have money then even if you desire to invest you will not. Bitcoin once touched the value of 69k$ so those who buy bitcoin in the price of above 40k$ they cannot sell bitcoin yet and they will wait until it cross the value of 69k$ again. No one wants to loss money therefore everyone will have specific target at which they will sell their bitcoin and target is possible to achieve only during halving.

steadily but surely bitcoin is pumping as it moves from the price of 26k$ towards 35k$ so it acts as a green light towards Bull run which is possible to be happen in coming year. Time is necessary so if you are thinking that you will make 100$ from 10$ in few days then you are wrong because selling and buying has its own timing and your patience is a major key to lead you to a Victorious destiny.

The cryptocurrency market is too manipulative to see only positive news every day, and Bitcoin is the most prominent coin in this market, so you understand that there are many who want to profit from its volatility. And since Bitcoin reacts very well to news, both positive and negative, there will always be people willing to try to make a profit from it.

And if we take into account how well Bitcoin has grown compared to altcoins, then I can conclude that Bitcoin has received much more attention from big players, and altcoins at this stage are not so interesting for them, perhaps their turn will come, as has always happened in the past , but so far Bitcoin looks significantly better than any altcoin.

Bitcoin price will continue to increase in the future due to the fact that it really gives a solution for financial freedom and secured assets for every holder. As we can see right now, big companies are also holders of bitcoins, and others that are in their caliber are honestly interested in buying their own bitcoins. If only mainstream media are fair, we can see some good news every day with bitcoins and the positive progress that it has reached throughout these years.

No one knows what will happen in the future they say, but some people do have strong mind and they believe in things when others failed to, I am jealous of the strength in those early bitcoin adopters that believed in Bitcoin years ago and still hold it till now, like how the hell did they do it?

Those who are new to bitcoin today don't know how hard it would have been to have trust in Bitcoin when it was less popular, there was not much hope in Bitcoin and the internet was full of negative judgment about Bitcoin, they called in the next bubble that will burst, I read this a lot and part of me was scared because I really want Bitcoin to survive.

Today, Bitcoin is more easier to believe in, you now have bigger people investing in Bitcoin, your favourite millionaires are into crypto, so the fear and thoughts of maybe it will fail is no more.

I wouldn't say it's "possible" and instead, I'm sure it will continue and be even stronger than before. Because many countries and governments are also slowly realizing the huge potential of bitcoin and proof of that is that bitcoin ETFs are on their way to being approved. Even though that hasn't happened yet, it will definitely happen and is inevitable. Therefore, we can confidently and without hesitation say that the development of bitcoin cannot be stopped and will continue in the future.

Over the past few years, Bitcoin adoption has continuously increased, and more institutional investors are now interested in Bitcoin investment. There are chances that this trend will continue to rise in the coming years. As far as the BTC price cycle is concerned, it will repeat itself after a few years, as we have seen in the past. Things changed a lot over the past few years, and now ETFs are coming into play; with this, we might not see Bitcoin at this level ever again. So, invest in bitcoin while you still have a chance and hold for a few years to maximize your profit.

We just celebrated the 15th anniversary of the bitcoin whitepaper being published, and to be more precise, bitcoin has been around for 15 years, not 13 years.

OP seems to be new to the market and he probably hasn't experienced any bull seasons or the exciting experiences that bitcoin has to offer. So it's understandable that questions like this come from newbie, we don't need to be too strict with them. Even if they read and research the entire history of bitcoin, if they don't have too much experience with it, doubts will always exist in them. Only if they are here with bitcoin for a long time will they have as strong a belief as we do. Newbies need encouragement and time to learn things.

Bitcoin already shows the possible what can do in the market, as we can see from the previous down of the Bitcoin on that month of March which we saw sitting actually around $3k and making pump until 60k$ and we now see that the lowest price of the bitcoin is coming from 24$k but currently sitting around with the 30k$, this takes time and also the upcoming halving is nearby people now accumulate as they can because the bitcoin shows the potential of another pump could be another 60k$ or more than that. If you have a budget will you skip this opportunity?, i guess not and grab those chances of the market dumps.

Lets count how many years bitcoin existence , 13 years? have how many halvings? and how many bull that happened so do you still ask if this will continue over the years, you track bitcoin back so that is enough for you to understand all the possibilities and how bitcoin is great for long term and not just this short hand checking.try not to be affected by FUD and wrong speculation because we have proven how great bitcoin can be so that should be enough for you to believe in its capacity.

It's true that no one knows what will happen in the future, but judging by the history of Bitcoin's adoption, speculation, popularization, demand, and supply, I think that the value of Bitcoin will always continue to grow just like it has. The demons of 2011, 2015, and 2017 till date have all varied. In the future, more individuals will be convinced to invest in Bitcoin, and demand will increase. Bitcoin makes it possible for one to easily convert from their fiat to Bitcoin, which holds a great value, whereas fiat is losing value, and individuals are looking for a trusted means to secure their money without facing devaluation. If most Bitcoiners aren't convinced to adopt Bitcoin, the demand will keep growing just like that, and just as El Salvador has legalized Bitcoin, who knows what's more to come?

Of course. It is just basic math. Bitcoin has limited supply and the central banks will always keep printing more FIAT because that's their job. Obviously there will be some corrections every once in a while but bitcoin will always have a new ATH in the long run. The good thing with bitcoin is, it is not a stock like TSLA. That means bitcoin has no earnings, has no sales etc... That is important because that means bitcoin cannot go bankrupt. It is because bitcoin is a commodity with a limited supply. People don't call it "the perfect money" for no reason. It really is. You just need to sit tight and hold your coins and eventually you will make huge profits. Better yet, just forget that you own any bitcoin. That's the easiest way. Come back and check your stash 10 years later.

To be fair we have gone up previous 5 years too, but the most recent 5 years was different. If we were to put it in perspective, the last 5 years is 2019 to 2023, as full years (19-20-21-22-23) and before that it was 14-18 years and to be fair those years seen some increases too but not like this. Difference is that during the 2014-2018 period we have gone from "what is even bitcoin? is that legal? isn't that something about drugs?" into actually being known, not really gone up huge in value compared to other markets, but gone up HUGE compared to itself, from few hundred to as much as 20k. However, since 2019, we have gone to a level where its literally in the market with billion even trillion dollar companies, that's not just growth in price, the marketcap alone is getting insane.

With the amount of adoption and how small and major institutions are investing in bitcoin, you don't need to be convinced that bitcoin will grow beyond what most people have predicted in the future years. Why would many people continue to invest in an asset that will not yield a profit in the long run? Such a scenario becomes impractical and illogical. Too many people cannot be interested in a particular thing if it doesn’t have a future in it. So there’s a future in this, that’s why the investors keeps increasing.

Inasmuch as the adoption of Bitcoin keeps increasing, and yet more projects are been built on the blockchain technology which allows the smooth use of Bitcoin to execute transactions across the globe, I don't think this Bitcoin will ever fade away, because the more it's value increases, so is it likely to attract more investors, who won't want to miss out as price value starts skyrocketing. Hence, the same way we have had a massive increase both in the use-case and price of Bitcoin just within this 5 years, so are we likely to experience such in the future, and as such now is the best time to accumulate as much as you can now with the little fund you can afford.

Bitcoin will continue with its trend with some institutions adopting bitcoin more in the future. The price may change but from bullish to bearish phases there will always be highs and lows.
Not only Tesla has a number of bitcoins, there are even large institutions that have more than that, don't be surprised if they have started to have millions of dollars from now on in preparation for the next bullish and don't be surprised if a company they have silently invested in bitcoin real things like this are still very much to be seen later.

I really don't know if they will continue in the coming years. But I think it is more important to increase the number of ordinary people's Bitcoin adoption than the Bitcoin adoption of these big organizations. But it must also be accepted that the Bitcoin adoption of these large organizations will influence the adoption of Bitcoin among the general public.
First of all, I would like to say that the reason for the increase in the price of Bitcoin is not only because such companies are barred for adoption, but after each Bitcoin halving season, the mining reward is halved and for this miners have to sell Bitcoins to cover their mining costs, moreover, the amount of Bitcoin adoption is increasing day by day. Overall, Bitcoin price increases after each halving season.

Bitcoin has reached this far only because it is decentralized. Freedom seeking people will take Bitcoin over anything because it can provide them the freedom they want. Doesn't matter if US, UK, or China adopts between first or not. When everyone else around them keep on adapting to Bitcoin, they will have no other choice but to accept it anyway. Bitcoin is the technology for the future. When they will be left behind and others around them will continue to grow and take advantage of the technology that Bitcoin provides, they will be forced to accept it. Who wants to be left behind? Only a fool we'll miss the chance.

Water droplets coming together creates the ocean. Think of every small country coming forward to accept Bitcoin as the water droplets. When everyone combines, how those big country are going to survive in that ocean? If you have faith in Bitcoin, just keep believing on it. Little by little it will achieve success one day that's for sure. All we need to do is wait for it. Bitcoin did not come this far in a short period of time. It took a lot of time for Bitcoin to be what it is today. So it may take a little bit more time to be accepted all over the world.

I do not know about any other person, but I personally do believe that we are yet to see the best of bitcoin, there is still a lot of developments in the pipeline which will ensure steady growth of bitcoin both in monetary value and popularity.

The coming approval of the Bitcoin ETF is one of such developments, coupled with the halvings that happens every four years, plus the coming regulatory laws coming for bitcoin and cryptocurrencies in general, all this will make bitcoin become even more popular and gain worldwide acceptance, even from people who are currently not investing in bitcoin because they fear what the stance of the government is concerning it.

Overall, I personally believe that bitcoin will continue to grow, and with its limited supply, monetary value may reach millions of dollars some day that is not too far away.

The huge increase in Bitcoin's price was somewhat expected, at least for me. I knew that it would happen if there were no major issues that would cause Bitcoin to break. Everything has gone smoothly so far and this is how it should be progressing. From 2017 to now, we've witnessed significant volatility in Bitcoin's price, ranging from $4k to $69k which is quite normal.

Now at this current time, Bitcoin is almost at $35k which is an incredibly high price, and I didn't expect it to reach this level especially this year. It might even reach around $40k by December, who knows?

I have faith in Bitcoin and believe it will continue to grow next year, especially after the halving.

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.

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.

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.

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.

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.

@ 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.

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.

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.

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.

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Now, 1BTC =

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?

Just for the record, the price right now is almost $34k not $21k,


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.

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.

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?