Topic: Bitcoin Price History 2010-2021 in 2 minutes can help you to be less panic - page 2. (Read 586 times)

I am not here to argue with you, but will point out that you are making interpretations of what I wrote and again - I used word doubt not sure so your interpretation really doesn't matter.

 

Have a great day 

There is no point in waiting 10 years to prove something - I will link you when the price reaches $100k, and that will probably be much sooner than you think.


Regardless of the way you interpret it, it is quite clear to me what you think about it. You completely ignore the success that Bitcoin achieved from 0 - $70k+ in some 15 years, and at the same time, without any logic, you think that this is the maximum that it will ever achieve.


I do not advise anyone to invest in anything, not even Bitcoin, but I will always advise people to choose Bitcoin among all available altcoins - after all, we are on a Bitcoin forum and there is nothing strange that people give such advice. Calling people idiots because of that is a bit idiotic - I was called that by some people when I advised them to invest $200 and buy 1 BTC some ten years ago - today they feel a bit like idiots, but at the end of the day everyone decides for themselves.

No point to argue today, I will link you to this thread in 2034.

But the difference here is that I said I doubt it will go to 100k, I didn't said I'm sure it won't go to 100k.
People who say they are sure it will go up are bonkers and shouldn't give any advice to anyone.  

Just look up this idiots above, I wouldn't have anything against someone who believes it will go up but giving it as an advice for investing is disgusting.
Maybe I'm being too "touchy", people really believe in BTC going up forever and think they are doing good by sharing their love  

Will be back in 2034 to confront it. 

If we had this discussion 10 years ago, you probably would have written that the price of Bitcoin will never reach $10 000, and 5 years ago that it will never reach $50 000 - that means that only the numbers change, and the opinions of people like you remain the same - do you have a picture of Warren Buffett above your bed?


When did you start trading, in the nursery? I ask because you obviously still consider yourself a "boy" (because of your name), and if what you say is true, then you are at least 40 or more years old, so I am surprised that someone with "20 years of experience" thinks that Bitcoin has reached its full potential (in terms of price). Obviously, those characters who manage companies with trillions of dollars have no idea what they are doing - maybe you should look for a job at BlackRock or try to save Saylor and his company from failure?

Oh great, another one that promises me fortunes!

Why ? because you tell people it will surely go up when given enough time but no one can be sure of that.
By telling people to invest because it's 100% sure win, you are lying and putting people in danger.

So maybe stop telling people they will 100% gain money from holding Bitcoin ? because it may happen that some people lose a lot of money because of this "advice".
And if you really want to give this kind of assurance, give it on paper - put your money where your mouth is.
After all, you are SURE it will go up, so you have nothing to lose.

I swear, some people shouldn't have access to the Internet.  

The question is,
Why should anyone do that for you? Why would anyone go the length of signing a document just to prompt you to invest while they’ve got no gains from the investment and could be at the risk should it come to a loss, which would be largely due some  poor management from you!
It’s okay, at least at your level to not invest or believe that Bitcoin does dump and pump.

It doesn’t make sense trying to dispute or not make meaning out of what is right before you. Bitcoin has been and still is a very volatile currency, from even your own observation, price haven’t dumped and stayed that way. It always pumps as at time due.

That’s the rise being talked about, you hold until it happens but, in Bitcoin for sure.

It is easy said than done, OP I agree with all you said and you can't use the past to motivate newbies of today (well you can with some newbies) who find it hard to let go when it comes to situation where the price of Bitcoin is losing the strength of giving them profit, they have no choice I mean some newbies to sell instead of to hold and wait because Bitcoin always go down and when it starts bouncing back up it give a massive return, so I'd say is a very hard one to hold when the price isn't favorable to some newbies. Is only if they are being monitored by someone who they see as a mentor or something, but aside from that they'll do things the way they feel is better to avoid losing.

That's true, we must know our history to not repeat erros of the past (sell during dips)

I like how it's made. It's good to see how Bitcoin price moves over time, and how at some points during the bull markets the scale rapidly changes because of how far Bitcoin is getting. However, I think that somehow a video like this makes an impression that Bitcoin is growing enormously during each bull run, at least that's how it looks on the scale. But that can lead to a wrong assumption that Bitcoin can easily grow 10x in the next bull run, which isn't true. It was 20x growth between 2013 and 2017, but only 3x growth between 2017 and 2021. Then it was less than 2x between 2021 and 2024. The multiplier's reduction is an important thing for newbies to notice to avoid forming unrealistic expectations.

This type of stuff is the thing that makes it so entertaining to own bitcoin, because we know that it is going to do fine and we have lived this and we know that it will do the same again. I know that there are a lot of people who are new to this market and that's why they do not know what's going to happen, but that doesn't mean that we are going to keep dropping, as we can see here that it is going to have ups and downs, and when there are downs, ups are on their way as we can see here.

Just this week, in the last few days, we have seen a big drop but then we have seen a big recovery as well, all within the same week and yet people still doubted it, which is questionable if you have been around for a while, you shouldn't feel that way at all. I have been here for a long time so I knew that this would be nothing at all and I ended up doing fine, because I knew that it would go back up and that's why I was holding it and did not sell.

Many people who have been here for a long time did the same thing, in fact most of them even bought more because they knew that it would recover, and I think it is going to be easy to see both of those things being possible, as long as you have money you buy, if you don't then you hold.

Bitcoin is one crypto currency that has one of the highest returns over a long period of time and that is the reason a majority of bitcoin holders often constantly emphasize on long term holding. Some alt coins may have good profits over a very short period of time. However when it comes to long term store of value and continuous long term returns in profit, bitcoin is the best option.

I have often times come across a couple of topics with discussions concerning if bitcoin is gradually drifting from it's initial plan of a P2P currency. The fact is bitcoin being a good form of investment overtime  just can't be over looked.

Will you give it to me on paper, signed that this is a financial advice you're giving ? and that you will refund me if it doesn't rise again ?
You can send me digitally signed PDF as well.

These people  

Yeah, this will make some newbies understand more about Bitcoin and also stop them from panicking about Bitcoin when they invest in it, bitcoin is not that easy to invest but as an investor, you have to trust whatever you are doing and believe in it most especially with things that you have seen many people have done it and they have enjoyed the outcome of it, before investing in bitcoin or engaging in crypto you have to understand that the nature of anything that concern cryptocurrency so that if you find yourself in any situation or the market price is going down you will know that is the nature of it and it will surely rise again, what I’m saying is that before you jump into investing in bitcoin you have to understand it and you don’t need to panic when things are not going well, although anything that concern money is not funny when it comes to the investment we should try to understand it.

Haha good one. That's the problem with cryptocurrency kids - they think they are investors but don't know anything outside of charts and on how to do proper study on the market.
So all they have left is prayers and HODL!/Buy more! narration

You have put money into project and just holding for dear life ? You're a gambler.
At least have some balls to admit it  

God: Hold my beer, this one is begging me to turn the market around and provide him with extra profit that he will spend on drugs and alcohol. I have to help.
If anyone enters the market with a prayer book, then it is better to change his occupation. After all, is there an official instruction on which prayers are acceptable and in which specific language?

I was talking about Assets.  Bitcoin is a relatively new Asset.  There is no way it can be considered an old one.  Old Assets are Silver, Gold and others.  Bitcoin is new, and there is so much space for it to still continue growing.

Well.  There are prayers when the Stock Market crashes too, and there are prayers when the Market does not crash but players play it wrong.  This does not make the Market a Casino, does it?  I do not get what your point is.

I admire OP for sharing this kind of motivation, Bitcoin OGs that are still here are proof of how the Bitcoin market is a roller-coaster.
That's why, the best advice is "ZOOM OUT".
Bitcoin is not about based on the price from 1 week, 1 month, 1 year or more. Because the fact that Bitcoin is still here for many years already is the only proof that we must not panic at all.

I don't think that there's something to do with their rational mind if they want to see a lower price of Bitcoin. That's what they think and it's normal because everyone has been on that point that we want cheaper Bitcoins because we've missed buying before it went to the peak of it. And as for the miners, I'm sure that if the price goes down. It won't have something to do with its security. If there will be lesser miners that will continue to mine because of the lesser price of it and they'd be out for a while.

It's possible that there will be new miners that are going to take over and will start to look at that point for which the difficulty will be taken by them and it's going to be noticeable. But I don't want to look into those moments that the possibility of going down or low is there for its price. Volatility will speak for itself as Bitcoin what usually does, now we're back to $62k and this isn't an unusual move for Bitcoin.

Looking at it when it temporarily down to $49k, back to $55k and now a sudden skyrocket of $62k. It's always been amazing and this is why Bitcoin is giving always the chilling effect for most holders that have decided to long.

People who want it to go down that low just to buy more don't know how catastrophic it would be for maintaining security by the miners.
If it got that low, mining industry would never recover and Bitcoin security would crash.

We all know this people care only about FIAT gains, if Bitcoin was acting like a stable coin and maybe even increasing in value just enough to counter FIAT inflation, this people would never bought it.
It's just a casino for them.

You can see how insane they are when looking at posts like "I am happy, opportunity to buy more!" when price crashes by 30%.
It's not a rational mind of an investor, this are gambling fools that don't know any better.

They want to go back in time and buy Bitcoin for cheap because they don't know how to discover new opportunities, it's pathetic to say the least.
But that's because they never had a mind of an investor, just adult kids crying about lost opportunity and wishing it will repeat for them on the same asset.
By doing so they are missing new opportunities but they are too blind to see it.

This same people who praise Bitcoin today will call it a scam in future when their goal of becoming a crypto millionaire fails.
Their knowledge mainly comes from youtube and social influencers...

Madness. Pure MADNESS.

But that's why ratio of wealthy people vs average people is what it is, follow the crowd and find out that masses are never right as they are all blinded by money dreams instead of doing actual research.
Or they go into one of the many echo-chambers and call it a research.

Anyway, you do you, I keep doing what I've been doing and everything is in place 

Well, you're right about that before but there were also scenarios like this that a sudden flash crash and heavy dumps have came in the past. But it's true about Bitcoin being used as a payment before was proliferated but now, it's not the same anymore because everyone is holding it as an asset and store of value. We're missing those days and speaking of the ordinals spam, brc20s, etcs. They've made the network too busy and one of the reasons before that the first time in history that I've seen the fees went high more than $100 per transaction.

That's what volatility means to most of us, we're not blinded because of greed and dreams but it's pure hope that we've seen in the past that it can go as high as it can be but we're not forgetting that these dumps are giving us the idea to remember that it can go as low as $10k as you've said and there are people that still hopes for $3k.