There is another thing to consider that years before did not exist in bitcoin and that is the sheer amount of people aware of it. yes bitcoin was already growing popularity in years prior but now we see it more and more even becoming a feature in political talks.
In short, more eyes are now on bitcoin and these eyes are expectant and impatient. Personally I find it a blessing that bitcoin has not reached a new ath just yet as this means I can still continue to buy more bitcoins at a relatively low price
Topic: Bitcoin is performing just fine currently - page 4. (Read 541 times)
In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
The bull run is still here and not ended yet. It's hard to think that the bull run as a start for a new market cycle that usually lasts four years in previous cycles, will stop only 2 months after a halving in April 2024.Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
It's harder to believe that a new ATH is only a little bit higher than 2021 ATH and if we count inflation issues of fiat currencies since Covid-19, it's difficult to consider highest price in 2024 is a new ATH.
Many months for 2024 and 2025 bull run to complete, it's not time to feel uncertain and fearful.
I think there is something you didn't mention or do I say you are skipping it?
Yes let me recall your attention and refresh your memory towards this that those who are complaining or lamenting of sudden drop of bitcoin price are equally right to say because when they invested at 73k and expect the price to hit 100k but instead it was on the reverse so they must complained and tweet whatever they want. If you say that bitcoin was 69k those who invested at 50k from the last ATH before this new ATH are still now in a profits therefore they wouldn't lament much on the price except those who venture into the market at the pick.
Yes let me recall your attention and refresh your memory towards this that those who are complaining or lamenting of sudden drop of bitcoin price are equally right to say because when they invested at 73k and expect the price to hit 100k but instead it was on the reverse so they must complained and tweet whatever they want. If you say that bitcoin was 69k those who invested at 50k from the last ATH before this new ATH are still now in a profits therefore they wouldn't lament much on the price except those who venture into the market at the pick.
Anyone who thinks bitcoin is under performaning must be a newbie in the bitcoin world. I have been in other forums and even newbies too do understand that bitcoin has been great.
If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.
So history is enough to teach everyone.
If anyone wants to invest in bitcoin they must look at the past of bitcoin and make decisions from their. bitcoin will always be bitcoin by repeating patterns.
So history is enough to teach everyone.
Recently, I have seen often talking about how Bitcoin is not going up fast enough, I usually see this mostly on social media. I haven't really seen it on this forum but I'm bringing it here just in case there are people here who have similar views
Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?
I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.
In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?
I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.
In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
Jump to: