Bitcoin might never reach it's ATH anymore - page 7.

carriebee

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Quote from: Bitcoin_bullish on August 06, 2020, 01:56:56 AM

Honestly, it is Bitcoin's price that draw people into it.

Still people in Twitter and other social media are certainly looking desperate to shill their bags and the way they promote Bitcoin is actually having opposite effects.
Bitcoin does not need the Bitconnect Ponzi promoters as influencers and it seems a lot of influencers are just having similar strategy.

Bitcoin's price is speaking on its own. Once and if it makes a new ATH it is the price that will be making the talk. Noone actually cares to buy if a few twitter accounts with paid followers are shilling Bitcoin 24/7. The price will make headlines again and this will create interest. The rest are individuals trying to make themselves known.

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.

tiktokcoin

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Quote from: Traderbtcc on August 06, 2020, 04:21:51 PM

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.

Still sounds like a speculation tho.
Alot of people jump into crypto for the wrong reasons,most of them think it's a "it's a get rich quick" stuff as you mentioned, but we won't blame them, because that's what the media normally publicize, and about bitcoin breaking its ATH price I think this will only happen when more countries starts adopting/legalizing it.

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

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.

Seems like everyday there's always a new analyst who would come up with a new ATH price for Bitcoin, LOL,these are some of the things that make people think crypto is a "get rich quick" scheme.

bitcoin ATH will keep rising, it is very near to the gold market, we keep saying it is never going to be more expensive, but it just keeps going higher and higher.
yes sometimes it is getting a bit cheaper other times it gets stable and then it keeps going up again.

for long term investment, I think BTC is going to get more and more expensive, but the issue will be if there is an alternative to replace the BTC and this would be very hard to find

Traderbtcc

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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.

Still sounds like a speculation tho.
Alot of people jump into crypto for the wrong reasons,most of them think it's a "it's a get rich quick" stuff as you mentioned, but we won't blame them, because that's what the media normally publicize, and about bitcoin breaking its ATH price I think this will only happen when more countries starts adopting/legalizing it.

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

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.

Seems like everyday there's always a new analyst who would come up with a new ATH price for Bitcoin, LOL,these are some of the things that make people think crypto is a "get rich quick" scheme.

jademaxsuy

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Quote from: samuraijin on August 06, 2020, 02:24:19 AM

everyone is free to talk and speculate, you also do things that invite people to think what you think, but you don't want people to be free to think what they think, it's true that most of them often write about price speculation that doesn't enter sense but believe that bitcoin always has a surprise for the price, have you ever suffered a big loss so you made this thread

Yes it is true that bitcoin market value is unpredictable. This is why there are so many speculations with the different basis on how they make the speculations. But only few guess will be right and it is hard also to guess it correctly. However what really matter is about bitcoin that really done good and slowly recover or even it surpasses the previous market value after the ATH. BTC reach to almost 10k-12K usd but it rarely happen because bitcoin could hary stretch to 12k usd above in terms of its market value.

samuraijin

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everyone is free to talk and speculate, you also do things that invite people to think what you think, but you don't want people to be free to think what they think, it's true that most of them often write about price speculation that doesn't enter sense but believe that bitcoin always has a surprise for the price, have you ever suffered a big loss so you made this thread

Bitcoin_bullish

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Honestly, it is Bitcoin's price that draw people into it.

Still people in Twitter and other social media are certainly looking desperate to shill their bags and the way they promote Bitcoin is actually having opposite effects.
Bitcoin does not need the Bitconnect Ponzi promoters as influencers and it seems a lot of influencers are just having similar strategy.

Bitcoin's price is speaking on its own. Once and if it makes a new ATH it is the price that will be making the talk. Noone actually cares to buy if a few twitter accounts with paid followers are shilling Bitcoin 24/7. The price will make headlines again and this will create interest. The rest are individuals trying to make themselves known.

Findingnemo

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Bitcoin = Financial freedom

Quote from: ene1980 on August 05, 2020, 05:20:40 PM

Quote from: Findingnemo on August 01, 2020, 10:44:25 AM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

The valuation of bitcoin and world wide adoption are two different things, it is a known fact that big financial houses are investing pretty heavily into bitcoin and it is more evident with the valuation, when ever there is a minor correction you see the price jumping up again which indicates that there are billion flowing into bitcoin knowing that we will see a rally and with the global financial system struggling to cope with the pandemic cryptocurrency market is gaining momentum.

I guess the traditional investment market also growing now so this rally is not only in cryptos but it is good to see the bullish trend bank in the crypto market and if the trend follows for long time then it will create considerable effect on the financial market and also among the new investors.

ene1980

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Quote from: Findingnemo on August 01, 2020, 10:44:25 AM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

The valuation of bitcoin and world wide adoption are two different things, it is a known fact that big financial houses are investing pretty heavily into bitcoin and it is more evident with the valuation, when ever there is a minor correction you see the price jumping up again which indicates that there are billion flowing into bitcoin knowing that we will see a rally and with the global financial system struggling to cope with the pandemic cryptocurrency market is gaining momentum.

ololajulo

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Some people just enjoy spreading such negative news in the space, if you dont have any business with bitcoin why join the forum? but sadly most people that enjoy such herald already have good amount of bitcoin in a wallet before spending the energy and time here, it is mere distraction and wish moderator control such spam topics,to that extent of opening 2 thread with same topic. This are thread that will be locked when the full bull market resumes.

Wawa2013

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I think talking about the price of Bitcoin is interesting, moreover providing predictions about the price of Bitcoin.
For some people consider that is not healthy, there may be a truth. Because many people are affected and will buy
Bitcoin in large quantities at high prices. Because their hope Bitcoin will reach ATH in the near future, even though
there is no certainty when Bitcoin will reach ATH again.

online73

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Hi, I agree that there should be a healthier approach to cryptocurrency, but claiming that Bitcoin can never reach ATH again is also not consistent with a healthy approach. People are just people - the search for freebies and quick money is one of the main goals of most of the people. Many people just love the process. People have a lot of "should", but usually it turns out as it turns out. If people did everything they were obliged to do, paradise would reign on earth, but paradise is in a completely different place ... Of course, this is a great invention, but unfortunately, ordinary swindlers attach themselves to everything great and spoil everything positive. I am also tired of talkers who are incessantly screaming at every corner about the price of Bitcoin at 100,000, 1,000,000 ... dollars, but again, the best of us will certainly figure out where the windbag is, and where the essence is, and will give this "great "The invention is more attractive and useful than the manipulators and useless talkers.

Twentyonepaylots

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Quote from: ?? on ??

You sound very pessimistic we cannot control how people treat Cryptocurrency and Bitcoin, they have motivation on that, and by the way Bitcoin all-time high was almost $20000, and the current price is $11400 as I'm posting this, not really that far and still attainable, as we are only two months after the halving and four away before the end of 2020, there could be another all time high before the end of the year.

Pessimistic as it sounds but that's a natural call because it is his speculation, "you cannot control how people treat cryptocurrency", you just said it so I guess whatever it sounds to you, you just need to walk pass on it. Bitcoin has been showing good movement from the past weeks, though we got a quite pullback from the price I still believe that we are going to get $13000 mark before this month ends. Talking about the ATH, if we are going to reach that far it will be a very different one, not a single click boom from what we have seen last 2017. Dramatically different as they say, but it's possible still.

Debonaire217

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Quote from: ?? on ??

You sound very pessimistic we cannot control how people treat Cryptocurrency and Bitcoin, they have motivation on that, and by the way Bitcoin all-time high was almost $20000, and the current price is $11400 as I'm posting this, not really that far and still attainable, as we are only two months after the halving and four away before the end of 2020, there could be another all time high before the end of the year.

Maybe he is also trying to "reverse psychology" the situation that most of the people nowadays are focusin in bitcoin as a quick rich scheme, and posting too "hyped" statements that could turn out to not happen as predicted which wasted many speculations. I can see, there's no problem here actually. There are two types of person, those who start doing things on their own by buying bitcoins and promoting it genuinely, and those who just talk and predict price without any reasons. If we were to choose between these, ATH could be achieve by truly understanding bitcoin's value and not thinking about it as a quick reach scheme by speculating too much about its price.

tiktokcoin

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Quote from: ?? on ??

Just as you stated it "might" never reach it's ATH but it isn't for sure and we are already at $11K and it's current ATH is only around $20K.
We couldn't be so sure about it since we already see it go more than $14K if I am not mistaken after it hit so low at 2018 so there is still a chance that it could reach it and even go way more higher.

I think it is going to reach more than $20k by the end of the year, a new bubble? i don't think so, if it would reach another bubble, it would have reached it during the pandemic peak. now it is a normal increasing time.

but still, if people have no trends, and some media adopted the case of increasing to the price again it will make a huge jump and people will be thinking that we missed the previous bubble we need to buy now.
if this scenario happens it will be a mess and will go above 20k and even 50k

GarenCoiner

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Quote from: stiffbud on August 02, 2020, 09:51:17 AM

Quote from: Findingnemo on August 01, 2020, 10:44:25 AM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

The long pump is not because of the speculators joining in the pump, it occurs because of the shorts being liquidated by the margin trading exchanges and when this happens it creates more buying pressure in the market and hence the price goes up. Only people are calling longs now on every price point which is escalating the price movements now and once these calls will be put on halt that's when we will see the selling pressure and ultimately there will be a big fall in price of bitcoin.

the hidden hand theory, I don't think so, most of these pumps up and down are random, no matter how they can affect the market, it can't be always the reason at least not the only reason.

the crypto world is much harder to control than world finance which also a lot of people think it is being controlled by a small group. the crypto market can't be the same, it has very different rules to play in.

stiffbud

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Quote from: Findingnemo on August 01, 2020, 10:44:25 AM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

The long pump is not because of the speculators joining in the pump, it occurs because of the shorts being liquidated by the margin trading exchanges and when this happens it creates more buying pressure in the market and hence the price goes up. Only people are calling longs now on every price point which is escalating the price movements now and once these calls will be put on halt that's when we will see the selling pressure and ultimately there will be a big fall in price of bitcoin.

infocoino

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Quote from: Findingnemo on August 01, 2020, 10:44:25 AM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

people rush into anything that will give more value than normal rate, it is like Dopamine addiction. instant money and richness level varies between people. some can see that level is enough and decide to sell even if they reach the desired level of profit that can make them rich enough, and avoiding to lose this, some can reach that level and get greedy even although that they don't know how they earned this and didn't lose expecting to not lose more.

this depends on each character each case and each market and media speaking about the crypto level.

Findingnemo

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Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

Eugenar

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The word "might" is simply the answer.
Bottomline is lack of assurance. No one really knows what could happen given how unpredictable the market is, in the first place so what more on its "content", referring to cryptos not only bitcoin.

Going back, Bitcoin's ATH is indeed far from its market value at this moment. Recently, there is an observable uprise movement in its price which lifted the hopes of the majority that its market price will again reach or even surpass is ATH, and there are people who are anticipating a sudden dump in its value, ofcourse planning to invest at a certain point, relating to what OP have mentioned-- this is already an speculation, regarding with the market value behavior to be more specific.

One could look at the future as something positive, and one could be pessimistic about it. The thing is that, no one has that assurance.

finaleshot2016

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Quote from: erikoy on July 30, 2020, 05:48:48 PM

There is a lesser chance that it could not hit iits all time high because we do not really know its capability when the demand for bitcoin could not be measured. All Time High could be determine only if all the its potential users invest to it and it will reach the maximum market price that can never be beaten. The 2017 ATH is not really the ATH for me because it can be easily beaten if all the potential users will going invest all in at the same period.

Since you've mentioned capability, so maybe there are still chances that bitcoin can still reach another ATH. Also, bitcoin price value have already surged again recently and reach the $11k mark, and I'm looking forward that this month, it can reach the $12k mark.

Bitcoin Statistic Hit A New High, BTC Surged 3.5x

Imagine if the bitcoin rallied again with a 250% uptrend that happened last year? Can we still say that it has a lesser chance for reach its new ATH?

Topic: Bitcoin might never reach it's ATH anymore - page 7. (Read 1740 times)