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Topic: Bitcoin Price History 2010-2021 in 2 minutes can help you to be less panic - page 3. (Read 591 times)

jr. member
Activity: 42
Merit: 10
Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  Cheesy
It can be a reference and IMO, it's more volatile in the past when they've got no support from the government, financial institutions. They're living like in the hood that no one recognizes BTC yet.
You are wrong, Bitcoin was more stable before institutional money came, it was most stable when it was actually used for payments.
Bitcoin volatility today is crazy, 50-70% pumps and dumps are a normal thing and it will only get worse.
Most on chain action is from trading bots and ordinals spam, it's usage as money has been dropping for a long time and LN usage has been dropping as well.

But it's through that it can go $100k and even more. History might repeat itself but as we knew Bitcoin, it's full of surprises and does things unexpectedly.
People see only the bright side when blinded by the dreams or pure greed. But it can as well go to $10k (and even less).

... Bitcoin is STILL a new Asset ...
It may be new to you but it is old for everyone else.
It's a technological asset, they mature a lot faster and I would say it is very old in tech world and so financial opportunity is small.

The difference between investor and gambler is that investor has it's rules, gambler has it's prayers.
All I see in this post are prayers.

I wish you all that Bitcoin pumps to $1 million USD but for me wishes are not good enough to stand on.
I need solid ground for investing and seeing as Bitcoin is losing it's utility as payment processor to other projects I just don't see it as a good investment anymore.
Chart patterns are not enough to convince me into investing, I need solid proof that this technology is better than the competition or otherwise I just invest in the competition.

You may have other views on investing but it has been working for me for a very long time and I am happy with my results.
I don't put money where my heart is, I put money where the future is and it's not Bitcoin.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
If you are panicking then it means you have invested more than you can afford to lose  Wink
They just can't take the volatility and I agree that they should haven't invested the money that they can't afford seeing decreasing in value due to the nature of BTC's volatility.

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  Cheesy
It can be a reference and IMO, it's more volatile in the past when they've got no support from the government, financial institutions. They're living like in the hood that no one recognizes BTC yet.

But it's through that it can go $100k and even more. History might repeat itself but as we knew Bitcoin, it's full of surprises and does things unexpectedly.

hero member
Activity: 882
Merit: 1873
Crypto Swap Exchange
If somebody is panicked about Bitcoin drops then they probably have way too much Money in it and next time they should think their Investments more thoroughly.  I understand why some people panic logically but on the other hand this is Money you should be ready to lose at any time.  Particularly considering Bitcoin is STILL a new Asset that may or may not have a future in the following decades.  It is after all an experiment.

Also.  Just because the Charts looked similar from 2010 to 2021 it does not mean the same thing happens in the following years.  While it is great to hope, try to be realistic with your expectations and about the possibilities of things happening.  You simply never know what happens next.  Hell.  We may reach the brink of a huge War in the next few years, which would render all the previous Charts useless.
legendary
Activity: 3066
Merit: 1169
Leading Crypto Sports Betting & Casino Platform
The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.
Would be even better if that was slower and there were all these fud and fomo threads / comments that people were saying at the time. And maybe headlines.

I am not sure what people get from that video. Maybe it helps some people, but it's really hard to transfer the feeling i had back in time at all. Fear of losing everything and frustration, and all that surreal maddness isn't easy to capture in hindsight. Years worth of drama happened in just one week almost every week, trying to keep following everything was just too much. But at least it was easy for influencers to get content.

These days this craziness is more public, and people are at least trying to keep up appearances.
jr. member
Activity: 42
Merit: 10
If you're not already a millionaire, you won't become one from buying and holding Bitcoin at today prices.
You had your opportunity when the price was sub 1k.

This is a response to all the "It's still early" bullshit, No it's not, it's very late, too late.
People in this space often pretend to be investors but don't know any better and just FOMO into old asset that is already overvalued and hope it will make another 10x or even more.

You can easily make more money outside cryptocurrency space, Bitcoin had it's time and it was great.
As time goes on, there will be less people willing to buy it because volatility is increasing and possibility of doing even 2x is shrinking.
So what you call "latecomers" are more likely "nevercomers", you can as well buy facebook stocks without all the drama or some other old stock.

Bitcoin is very old in tech world and there are better options today, you just bought BS that all the people in the world will want Bitcoin someday - no they won't, they don't even want it today even if given for free.
As an example, In El Salvador people sold BTC they were given by gov to USD right away ($30 worth of BTC).  
Most people don't want to hold, most people want to use it as money and Bitcoin is far from being usable money and it never will be money.

But hey, that's your money and your choice only (or your influencers choice haha).
There are plenty of echo-chambers for Bitcoin holders/buyers, like youtube video you have linked to keep your analytical mind off and keep it dreaming.
The biggest echo-chamber of them all is /r/Bitcoin, it's so detached from reality it's funny, this people live in a religious cult - it has nothing to do with investing Grin Grin Grin

I doubt Bitcoin will ever get to 100k, I think it's already struggling to stay where it is.

I have made a lot of money in the past 20 years from investing, mainly in tech companies so I think I can speak about investments  Cool
member
Activity: 97
Merit: 43
As much as I agree with you that the above video can act as a motivator for newbies not to panic into selling their bitcoin when they actually should be buying more, I would also say that it's impotant that we understand that the bitcoin of those days is not the bitcoin of today.
If I missed yesterday, and check price today, I would see no big differences of today price and Close prices on 4 August ($60,739) and 5 August ($58,006). If I lived in the market yesterday, when Bitcoin had time of dropping under $50,000, I would feel very panic and fearful.

Quote
By all means, learn to trade, it's a good added advantage to have as a crypto investor.
Today is different than the past days, 2024 year is different than 2009 and other earlier years. 2024 year will be also different than future years too and we are here in 2024 as participants in this market, joining it sooner than latecomers in coming years. We have better opportunities and prices to accumulate bitcoin than latecomers.
jr. member
Activity: 42
Merit: 10
If you are panicking then it means you have invested more than you can afford to lose  Wink

Price history doesn't mean S**T, it can go to 100k USD and it can go to 10k USD then sit there for 10-15 years  Cheesy

If you look at the chart upside down, you can see it has tendency to stay low much longer than up  Grin Far from being a Gold

legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.
As much as I agree with you that the above video can act as a motivator for newbies not to panic into selling their bitcoin when they actually should be buying more, I would also say that it's impotant that we understand that the bitcoin of those days is not the bitcoin of today.

And in today's bitcoin, every holder ought to know how to trade, this is one of the wayz to really make money in this space specially in time of high volatility like we saw yesterday, those who know how to trade can easily monitor the market well, sell, wait and buy back at a lower price, this, I have a friend who made good profit from yesterday's dip, he sold all his bitcoin earlier at around $59k and was lucky enough to buy a huge amount back at around $49,800 yesterday, and today, bitcoin is back above $54k.
By all means, learn to trade, it's a good added advantage to have as a crypto investor.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
Yup, knew people who quit in 2020. Seemed inexplicable to me, seeing as they'd held in the previous cycles and while I never lived through them, I felt they were far more devastating, given how young markets were.

Can't imagine anyone letting go since the 16k low though, Bitcoin's hardly threatened 30% from ATH, let alone those years of -85% floors.
hero member
Activity: 952
Merit: 555
We make learning by watching through visual aids like we already have as recommended by OP, but we shouldn't forget that there are more other means by which we can still arrived on the same target through other means, learning is multidimensional, we can read through articles, make a practical view in learning with the use of the markets indications, now the essence of my approach here is to help us identify that we can engage on the same intention but on different means to achieve the same purpose, whereby we make use of both the visual and other learning tools to achieve our purpose on the market price.
sr. member
Activity: 686
Merit: 332
I have often said that when you know the price history of Bitcoin you'll understand Bitcoin better and that would help you are a holder of Bitcoin, especially a long-term holder. I even made a top about it.
studying bitcoins price history will help you see that there is nothing that is happening to bitcoin today that hasn't happened before. It may not be exactly as it happened before, but it usually follows the same pattern. Price history will help you understand the events that led to a dip or a bull, it will also help you understand why certain news and rumours affect bitcoin.

I remember when the phrase "Bitcoin is dead" was flying up and down after the FTX saga. A lot of people even believed Bitcoin would never rise this high again, certainly not in such a short time. As someone who was not into bitcoin at that time to witness such, what you need is the price history of bitcoin so you can have an understanding of what bitcoin has been through and it's still here today bigger and better. Finally, it will help you understand that Bitcoin will still go through similar paths. It may be worse, it may not be that bad, but brace up.
member
Activity: 97
Merit: 43
The video is there
https://www.youtube.com/watch?v=cxrffRNJNKM

It is for Bitcoin price history from 2010 to 2021, not till today in 2024, in live action. By watching this live price video, we can feel how challenge it was for people who owned and held bitcoin previous years, especially in very earliest years.

By watching this, it can help newbies to feel more confident on Bitcoin survival and its strength, to give them own strength to be less panic, and hold their bitcoin.

Be strong and keep holding your bitcoin. If you sale off in panic, you will be like many people in the past.
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