Bitcoin might never reach it's ATH anymore - page 6.

mydona

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I disagree on that cause i still believe that bitcoin can go back to its last ATH this year and make another record high next year. Bitcoin is so powerful asset.

the first jump was mostly caused by non-crypto guys who saw a big small jump and kept buying in BTC and by that time most known coin was BTC and yet it is but it is not the best solution too, but the new ones in the market only know it, this can be repeated, and if it gets repeated will be higher than before, but it has a lower chance, I expected it to rise during a pandemic but instead, people went for gold as usual.

the point is we will never know because it is the biggest use that it is placed on all changes, and high market cap and thousands of different wallets, and now ATMs.

the difference is now bitcoin shares all its fame and integrations with thousands of altcoins it is weaker than before. and harder to reach but still possible, who knows?

RokokGudangGaram

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I highly think that the volatility of Bitcoin is what drove people to practice this treatment to the price of Bitcoin when investing and trading.

lebregone

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I agree with you but I can't blame others also especially the traders, short term and long term investors if they using bitcoin as a way to earn a decent profit. The investors
are taking advantage only the vulnerability of bitcoin price as they were able to profit from it especially if they were able to buy it low and sell high.

Don't blame them also if they are aiming that high like new ATH record of bitcoin in every bull season because that is the only way for them to earn a profit. And for those too
much hype like 1m usd in just a year, just ignore them as I am not so sure whether they are being paid to spread that hype or not.

MainIbem

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Quote from: mintme.com on July 23, 2020, 09:37:27 AM

People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.

People are already doing this. Because at every price in the market, someone will definitely buy BTC. The people depending on ATH price are a few who are in a class of investors different from the majority of people getting into cryptocurrency.

AjithBtc

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Quote from: kotajikikox on August 10, 2020, 07:06:55 AM

Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

One point is that particular halving, the difficulty of getting bitcoin from the mining industry.

While it's difficult to mine with more people start to gain interest, there's positive reactions that will take.

And yes, don't take any words but instead deal with your research and decide base from how you understand the potentials.

Mining difficulty will keep on popping up, but one who can afford to make a big farm and generate the highest hash can generate/mine good sum of cryptocurrencies yielding good revenue. As far concerned compared to the days of bitcoin reaching the peak, now we've got high number of people getting into mining. Halving and the entry of more people into mining too increase the difficulty for small mining farms.

nnedigood

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I agree that bitcoin holders should applied decorum in handling Bitcoin. The cryptocurrency market is speculative in nature and anything can happen in such market situation. The ATH for bitcoin was December 2017 when it touches $20,000 USD and today we have touched $12,000 or there about. It is still possible that we hit the 2017 mark very soon.

Alert31

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Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

Right!We have a different view regarding bitcoins value and for me,the other reason why there is a huge possibility for another bitcoin ATH in a near future is the limited supply of bitcoin and other percentage of it is not usable because either it was lost or forgotten to someone wallet and just stay in the air.

Rebek

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People yearn to hear sweet news and that has also attracted many people to join the crypto industry. Obviously not everyone is interested in crypto or specifically bitcoin in the long term basis. It is clear that some individuals got into into crypto expecting a 'get rich quick event' but just like the OP stated, bitcoin is not a ponzi scheme as some people on the outside assume it to be.

GarenCoiner

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Quote from: kotajikikox on August 10, 2020, 07:06:55 AM

Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

One point is that particular halving, the difficulty of getting bitcoin from the mining industry.

While it's difficult to mine with more people start to gain interest, there's positive reactions that will take.

And yes, don't take any words but instead deal with your research and decide base from how you understand the potentials.

from this point, halving is a great reason for increasing the price, but if you think about the pandemic and how everyone was expecting to happen in the crypto world in such particular situation when we can't access fiat without making hands dirty

there are a lot of factors no normal human brain can analyze it all together to decide or be 100% sure about the future of BTC

what we can do is only predicting with a small percentage of knowledge and relying on luck more (we prefer to call it calculated risk)

kotajikikox

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Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

One point is that particular halving, the difficulty of getting bitcoin from the mining industry.

While it's difficult to mine with more people start to gain interest, there's positive reactions that will take.

And yes, don't take any words but instead deal with your research and decide base from how you understand the potentials.

Latviand

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Quote from: ethereumhunter on August 10, 2020, 06:16:48 AM

Bitcoin will get ATH this year or next year. Before bitcoin prices can get a high peak, people will see how strong bitcoin at the market and try to buy bitcoin before it's too late. Every year bitcoin prices fluctuate, and the halving makes the reward reduced, which can trigger the price to increase significantly in the future. We will see how high bitcoin price will be in the future, but meantime, we can prepare ourselves by having many bitcoin from now on.

Basically if we search for the pattern, you will found out that the all time high occurs 1 year after the halving occurs. This just my speculation and this is no 100% true, this just based on my thoughts and thinking. Maybe in 2021, bitcoin's price will soon goes up like another ATH but it still depends on the factor that will affect its price.

But we should not rely on that information, as bitcoin is very volatile and as we are patient, we should always keep our mind on track in the market so that we are ready when its price suddenly moves.

Vatimins

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You know what, you are absolutely right. I really couldn't agree more. But the thing is, even if we ourselves do it, not everyone would be able to see this post. And not even everyone in all the people who would get to read this would even consider the idea since obviously, greed will overpower them or get the best of them. Well, if people explaining things like this would work, it would have worked. A long time ago already since i have seen countless people who had expressed almost the same thought. Sadly, in reality this isn't just possible to happen.

ethereumhunter

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Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

Bitcoin will get ATH this year or next year. Before bitcoin prices can get a high peak, people will see how strong bitcoin at the market and try to buy bitcoin before it's too late. Every year bitcoin prices fluctuate, and the halving makes the reward reduced, which can trigger the price to increase significantly in the future. We will see how high bitcoin price will be in the future, but meantime, we can prepare ourselves by having many bitcoin from now on.

arwin100

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Quote from: imstillthebest on August 10, 2020, 04:54:06 AM

Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

thats also a turn off to some people if they found out that difficulty increases to btc and they will stop supporting btc but that was only on the mining side. there are still many ways to get btc easily so the potential for the btc to reach its all time high is still there .

listen mate the difficulty problems you explained above caused by halving is not a theory but its a fact and its also true that experts and lost of users believe that price will skyrocket after the halving .

Difficulty is not seems the issue since it never been talk in any articles since provably investors and real supporters knows on how they can yield their investment on the top crypto in the world. But try to see the current status of bitcoins right now the price is slowly rising up since it creates a hype after the halving and already it gain trust since even if there's a crisis the price still pumping up and for sure investors loves to see that.

imstillthebest

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Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

thats also a turn off to some people if they found out that difficulty increases to btc and they will stop supporting btc but that was only on the mining side. there are still many ways to get btc easily so the potential for the btc to reach its all time high is still there .

listen mate the difficulty problems you explained above caused by halving is not a theory but its a fact and its also true that experts and lost of users believe that price will skyrocket after the halving .

mydona

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Quote from: dimastegar on August 09, 2020, 06:35:25 PM

Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

exactly, the problem is we always tend to believe what we want to happen, ignoring the other side of view. if you want to really know and understand what is going to happen (which is almost impossible because you won't have the time and resources or access to analyze every small side will be affecting the market)

so, no matter how strong are the signs that it will go up or down you need to be sure that there is always another side of the story, another side of the coin, which can be flipped anytime, and then you would have nothing.

in the same time, you need to prepare and accepting such facts to know if you are truly able to take such shock or won't be able to survive it.

dimastegar

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Basically, the possibility of Bitcoin getting ATH is very big. We know that the halving years made Bitcoin mining even more difficult. And we know that mining costs are not small. I am sure that going forward, with Bitcoin being difficult to mine, it will make changes to the interest and price of BTC.
But, don't easily believe this theory. Because everyone has a different view. Cool

cristiano77

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Quote from: philipma1957 on August 08, 2020, 07:20:07 AM

Quote from: mintme.com on July 23, 2020, 09:37:27 AM

This is not a price speculation thread, but a call.

People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.

Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the top of it. That is simply wrong.

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

It will never be digital money.

It will be and is digital wealth storage.

Much like a 30 year treasury bill in the amount of 10k usd or more.

It is fairly secure from theft or loss and is easy to move from country to country.

LTC and Doge are far better to be used as smaller transactional 'money' digital coins.

It is not much more complicated than that statement I just typed and bolded.

That said it is pretty nice to be able to send 10,000 , 20,000 , 50,000, 100,000 quickly, safely and to any place with internet access.

a great realistic brief describing the situation in a very objective way.
but, it is also can be replaced by new technologies.
we don't know what will be important in 30 years to judge that, maybe we will be back to ancient ways or replace the whole currencies systems with a very simple points system to be used in the whole world replacing all Fiat and cryptocurrencies. at least I hope so Cheesy

philipma1957

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Quote from: mintme.com on July 23, 2020, 09:37:27 AM

This is not a price speculation thread, but a call.

People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.

Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the top of it. That is simply wrong.

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

It will never be digital money.

It will be and is digital wealth storage.

Much like a 30 year treasury bill in the amount of 10k usd or more.

It is fairly secure from theft or loss and is easy to move from country to country.

LTC and Doge are far better to be used as smaller transactional 'money' digital coins.

It is not much more complicated than that statement I just typed and bolded.

That said it is pretty nice to be able to send 10,000 , 20,000 , 50,000, 100,000 quickly, safely and to any place with internet access.

Zackgeno96

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Quote from: carriebee on August 08, 2020, 07:03:09 AM

Bitcoin really shows a progressive price these days and even other people predicted it might never reach ath there’s still some optimistic about it. We cannot halt them for those desperate people talking about bitcoin and treated it as Ponzi scheme. Others lurking around about bitcoin that gives a negative impact there’s a possibility it will reach the all time high again.

Just because someone said that bitcoin won't reach the ATH again, it doesn't mean that it wouldn't reach the ATH anymore in the future, maybe the person was crazy for getting attention and he said that comment just in order to gain some attention or there can be many reasons behind his statement. But as more and more people are joining the bitcoin buying spree we can actually see the bitcoin price skyrocket one more time in the future and this time it will most probably reach the ATH and more than $25k should be the next target after breaching the previous high of $20k.

Topic: Bitcoin might never reach it's ATH anymore - page 6. (Read 1740 times)