The point of no return - page 5. | Bitcointalksearch.org

hatshepsut93

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Quote from: kelz1 on January 22, 2019, 02:17:08 AM

At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?

Paraphrasing Satoshi, Bitocin is either going to 6 figures and more, or to zero. And I think it doesn't really matter what happens in short term, I can easily imagine having drops to $2,000 or even below $1,000 and then still recovering later and suprassing the last ATH.

What is important is that Bitcoin keeps getting improvements, because they are the fundamentals that give it its value. Adoption and price increase will come with time, it took many years to stop the masses from thinking that Bitcoin is a ponzi, it will take years for people to start adopting it.

NoviceInvestor

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Quote from: kelz1 on January 22, 2019, 02:17:08 AM

At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?

There is no point from which Bitcoin cannot recover. No matter what levels it falls to, there is the possibility that there will be a bull run in the future. That doesn't mean that it will reach an all time high again, but there is always the possibility of a bull run, and significant increases in value.

Compared to historical values, $3000 is still 'glory days'.

Naida_BR

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Quote from: kelz1 on January 22, 2019, 02:17:08 AM

At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?

I think that 20k wasn't a price that was illustrating the market at that period of time. Now it is a good timing for the price to go up. 3500 support seems to endure the pressure and as the time goes by this support is going to be stronger. There is a lot of time that bitcoin moves around 3500 so I think that we are near to the point of seeing a higher price.

ralle14

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There's always a possibility for the price to go back to where it was before. Having a certain price floor doesn't mean it can't go back up. Give it more time and if everything goes well for Bitcoin you'll see the price recover until it breaks the previous high. Don't count Bitcoin out yet it's only the start and several things can quickly change in less than a few years.

Quote from: Pursuer on January 22, 2019, 03:31:31 AM

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Is $3000 the low point after which there is limited chances of it returning to the glory days?

bitcoin's "glory days" are not days that price is shooting up. in fact those days are the worst because although you may be blinded by the profit, the reality is that we are entering bubbles at those times and bubbles are never a good thing.

True, and it's not just the bubble that was problematic during that time the network was overflowing with too much transactions causing miner fees to spike.

yulchatar

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If to argue from the point of view of the price of bitcoin, then it came back from the worst positions in past, and this didn't prevent it to stay afloat all these 10 years. But I think that the glorious days of bitcoin will come when its mass adoption and legalization comes. While everyone is waiting for a high price and keep bitcoin in their wallets, this slows down the process a bit.

mk4

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Quote from: talkbitcoin on January 22, 2019, 04:33:17 AM

Quote from: mk4 on January 22, 2019, 04:27:44 AM

unless every single person just completely abandons bitcoin, which as we know is very very unlikely.

i disagree with this because i believe something like that is either guaranteed or impossible. there is nothing in the middle like being unlikely.

at this point we have no reason to believe bitcoin is going to be abandoned. because bitcoin is just getting started, some newcomers like OP who read some FUD most of the times may not see this now but that is happening. so at this point it is impossible. and the only option is to grow more.

My bad, as I should've worded my statement correctly. What I meant was, it's very very unlikely for people to abandon bitcoin anytime soon, unless bitcoin just simply becomes completely obsolete(for some reason), and a better alternative comes in(regardless if it uses blockchain or not).

With that said, I still think it's really unlikely. As even if bitcoin becomes completely obsolete a lot of decades from now, I'm pretty sure there will still be people running nodes, holding bitcoin as a sort of collectible.

clonely

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There is no limit for Bitcoin. It always can fall under 3K and goes the top of last ATH again.

Last three big corrections shows us a Bitcoin's potential. And it can come back quickly when its be ready.

talkbitcoin

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Quote from: mk4 on January 22, 2019, 04:27:44 AM

unless every single person just completely abandons bitcoin, which as we know is very very unlikely.

i disagree with this because i believe something like that is either guaranteed or impossible. there is nothing in the middle like being unlikely.

at this point we have no reason to believe bitcoin is going to be abandoned. because bitcoin is just getting started, some newcomers like OP who read some FUD most of the times may not see this now but that is happening. so at this point it is impossible. and the only option is to grow more.

mk4

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Bitcoin can literally drop to $1 or even 5 cents and still get back to it's all-time-high price after a certain amount of time. It's really just a matter of 'when'. There's no such thing as "point of no return" when talking about price; unless every single person just completely abandons bitcoin, which as we know is very very unlikely.

Pursuer

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Quote from: kelz1 on January 22, 2019, 02:17:08 AM

At which price do you think bitcoin will not be able to recover from?

what makes you think that there is some arbitrary number that if it is reached then there is no return?

Quote

There is strong support at $3500 but is now at risk of being breached.

no, the strong support is at $3000. $3500 is the secondary strong support which is formed after reaching the lowest level. and both of them are prices far below the intrinsic value of bitcoin.

Quote

Is $3000 the low point after which there is limited chances of it returning to the glory days?

bitcoin's "glory days" are not days that price is shooting up. in fact those days are the worst because although you may be blinded by the profit, the reality is that we are entering bubbles at those times and bubbles are never a good thing.

Malam90

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Quote from: kelz1 on January 22, 2019, 02:17:08 AM

At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?

There is no such price level of Bitcoin. No one can exactly predict about this. Now it is moving around $3500-$4000. If market moves forward, it will surely raise but no huge pump is expected. Investors are now very much aware about this.

TimeTeller

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Quote from: Herbert2020 on January 22, 2019, 02:19:09 AM

there is no such price unless you think bitcoin is dead and its adoption is no longer growing.

otherwise as long as the adoption is growing (which it is) the price will continue to go up no matter how low it gets at some point due to heavy manipulation of the market. eventually the buying forces will overcome that manipulation and the price will shoot up.

Exactly. You can never tell when will it hit the hardest.
But without a doubt, bitcoin is not going to die anytime soon especially that mass adoption is going stronger everyday.
More and more establishments are accepting cryptocurrencies as a means of payment method and so with BTC, as this is the most popular cryptocurrency that is being used up until today.
So you can't tell to yourself, this is the point of no return. You will give yourself a headache by just thinking of that.

jossiel

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We can't tell, no one knows. Bitcoin's very volatile and you just can't expect things to be perfect along it's way from down to recovery. It may go as low as $2,000 like the most lowball predictions that I've heard but it's up to you if you'll believe them.

Even price will go as low as that those real believers will start to take the advantage of buying more if ever bitcoin goes on very deep point of decrease. It's the logic that lies, it can go very low but it will recover afterwards.

Herbert2020

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there is no such price unless you think bitcoin is dead and its adoption is no longer growing.

otherwise as long as the adoption is growing (which it is) the price will continue to go up no matter how low it gets at some point due to heavy manipulation of the market. eventually the buying forces will overcome that manipulation and the price will shoot up.

kelz1

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At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?

Topic: The point of no return - page 5. (Read 694 times)