The problem is that it could take again many years to recover - page 2.

Argoo

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Quote from: seramania on May 03, 2021, 11:27:17 AM

Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.

I hope that if bitcoin further drops significantly in price, then some potential altcoins this time will still not follow the bitcoin price as strictly as it did in 2018-2020. The cryptocurrency market is changing and this will continue in the future. Therefore, a similar situation is hardly possible. Although, in general, the market falls, and the falls are large and long, there will also be more.

NelfiNovita

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the most important thing is we try while we still have strong energy, life and death no one knows.
I hope we will be given a long life so that we can enjoy the very expensive price of bitcoin in the future.
I really believe that as time goes by and more sophisticated technology, the price of bitcoin will continue to rise.

pawanjain

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Nothing lasts forever

Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

May be
May be not

There are two possibilities

1. Long bears are followed by long bulls - in this case what you said might be true

2. The previous bear trends were completely due to panic sellers and weak hands.
This time the institutional investors are here and it's kinda hard for long bears to occur again unless they leave the market.
Most of the corrections in last 8 months were short-lived and bought by the traders.

k@suy

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Quote from: Vishnu.Reang on April 27, 2021, 05:00:37 AM

LOL... don't be too hard on yourselves. Bitcoin can make you rich. But at the same time, don't expect Bitcoin to make you a millionaire overnight. You need to wait patiently. I first invested in Bitcoin almost four and half years ago. Back then, I purchased my first coins for $900 apiece. During 2017-21, I sold a part of my holdings to cash, but still I have the majority of my original coins remaining in my wallet. My final target is $250,000, but I understand that it may take 5 or even 10 more years to reach there. If you don't have the patience to wait till then, there is always the option to cash out. Even the current rates look very attractive, if you ask me.

Well in my personal experience way back 3 years ago I hodl also bitcoin and sadly I only have used half of my bitcoin to exchange in fiat but at that time the value of bitcoin was around $10000-$18000 if I am not mistaken, then all of a sudden the biggest downfall of bitcoin exchange rate happen and it is dropped to $3700. All I can say is the market of bitcoin was very volatile, we can't say that it will stay the same as the value today but we can't be so sire that the history may repeat itself in bitcoin also. I maybe loss my bitcoin wayback then but I am not hard on myself to think such things because I am so positive that bitcoin has still a bright future.

seramania

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Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.

South Park

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Quote from: arabspaceship123 on April 29, 2021, 01:20:58 PM

Let's say it takes 4 years of growth to achieve the next huge milestone does it matter? Cryptocurrency value is on the rise and it'll get there soon in a few years. Unlike the OP not investors are going to panic.

Quote from: online73 on April 22, 2021, 03:54:29 PM

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

It matters to some people, after all we know that traders only care about one thing and that is to make money, so if they have to wait for 4 years to make money from this market they are going to move on and not comeback until there is positive performance once again, only investors will be willing to wait for that long and even then it depends on the kind of investor you are and your circumstances, for example someone that is approaching retirement age cannot wait for an asset to begin performing positively again as they need the money now unlike someone that is younger and can wait.

arabspaceship123

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Let's say it takes 4 years of growth to achieve the next huge milestone does it matter? Cryptocurrency value is on the rise and it'll get there soon in a few years. Unlike the OP not investors are going to panic.

Quote from: online73 on April 22, 2021, 03:54:29 PM

Why worry so much? I agree with those who say that the best in this life sometimes has to wait for years. We, the participants of this forum, have some of the best days when the coins we have bought grow in value. There is a time when the market rises, there is a time when it falls - this is the main property that you need to use, and not worry about it, even if you have to wait for good growth for another 4 years.

KaliLinux

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Quote from: Kong Hey Pakboy on April 22, 2021, 12:48:20 AM

It's only a problem if you are an impatient person who wants to make a lot of money at a short timeframe. Think about it, if it takes long to recover then you will have more time to accumulate more bitcoin so when the time that it recovered, you will have a bigger profit because you hodl large amount of bitcoin over the course of the recovery of the bitcoin prices.

That true but most of us will not see this, Only if we understands that what ever the market situation for bitcoin is, we can take advantage of it then we wouldn't worry so much about some certain thing that are inevitable anyways. This corrections will always happen as we have noticed and from what every one is saying, we are here for the profits so learn how to make profits however the market turns and less worry about how long time it will take for recovery.

Ziskinberg

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Quote from: udidrone on April 28, 2021, 05:05:35 PM

Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I wouldn't think much about $100k or anything like that as long BTC not dumped hard. Grin

If we think it will disturb our life and just let it flow like what it must for. Honestly i never expect bitcoin will be reach this price when i first joined crypto and who know what can happen in future.

Not impossible but not so easy. Yes, it takes years, many years before we reach that price but I was wondering if poor people are able to invest with that price, they might only choose altcoins.

Anyways, it was not our focus here. Everything is unpredictable, $100k, $80k, are not what I'm thinking now, what I am asking and hoping that the market will able to sustain and stay for long. People are enjoying this thing, it even helps us more by simplifying our workloads and that was enough more than the price.

udidrone

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Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

I wouldn't think much about $100k or anything like that as long BTC not dumped hard. Grin

If we think it will disturb our life and just let it flow like what it must for. Honestly i never expect bitcoin will be reach this price when i first joined crypto and who know what can happen in future.

Maslate

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Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

People had come and invest not because they are desperate to wait for how many years before the market price will recover when it turns down. They are here because they believe and positively thinking that Bitcoin will grow someday after a very tragic fall. Besides, think that Bitcoin started almost nothing and now it reaches $60k, it was an eye-opening for newcomers indeed, and even those who are here already that Bitcoin has truly had such a market value. Because I know that people could manage themselves and willing to wait for the recovery.

South Park

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Quote from: Sled on April 25, 2021, 05:17:01 PM

Quote from: veznata on April 25, 2021, 03:39:01 PM

I think it will take many hours to recover Cheesy

. some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision. We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

60k could be seen again in just a few weeks and in the worst case scenario we could see it in a few months but I do not see it taking years, even if the market crashed I do not see the crash being as big as the one we watched during 2017, which means the recovery will happen sooner and the market will not go through the pessimism that we saw during 2018 and 2019 in which many people thought the price will never recover and they sold their coins because they were disappointed on what the market had become.

mrongoz_imut

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I think patient is most important it really investing in cryptocurrency, many people not have enough time waiting for when bitcoin back to higher price, I see many people want to get profit fast and not have time waiting when bitcoin can take profit. Some time when bitcoin correction and dump they panic for selling and never want to hold few monts.

Vishnu.Reang

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Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

LOL... don't be too hard on yourselves. Bitcoin can make you rich. But at the same time, don't expect Bitcoin to make you a millionaire overnight. You need to wait patiently. I first invested in Bitcoin almost four and half years ago. Back then, I purchased my first coins for $900 apiece. During 2017-21, I sold a part of my holdings to cash, but still I have the majority of my original coins remaining in my wallet. My final target is $250,000, but I understand that it may take 5 or even 10 more years to reach there. If you don't have the patience to wait till then, there is always the option to cash out. Even the current rates look very attractive, if you ask me.

rodskee

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Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

Sorry but Take years to recover? haven't you seen what happened in 2020? when the price drops down to the lowest value for many years? but after couple of months and when the Last quarter comes.
and also before 1 year from the lowest fall, the price of Bitcoin made the ATH and the value that has not been expected by many, climbing more than 10 folds from that 37 hundred your talking.

gurunanakji777

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We all do not want to see the huge retracement as we witness in the previous bear market when Bitcoin touches $3700 after hitting a 20,000$ high. But I personally feel now the market is quite different from the 2018 market and we have already seen many Big influenced people or big investor invested huge money in the bitcoin and some are saying they will hold it for long and no plan to sell their holdings So I am positive this time market will not make a huge retracement as earlier did even I don't think we will ever see Btc to 20,000$ level. Honestly speaking I don't know when Btc will hit 1 Million dollar value but I am positive it will keep rising in the coming years. I don't expect again a huge bear market.

2double0

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Quote from: Sled on April 25, 2021, 05:17:01 PM

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision. We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

Traders tend to be very oversmart by not selling their btc and just hodling it ( this is not about hodlers). To better trade these opportunities, selling during the dips and wait for a better entry is a good sign of making more profits than sitting with our coins. There are support areas where enough liquidity is available for which, bears sell their btc to remove the stops of those areas. I learnt this through a trader who taught us how to look for liquidity areas and decide if the trend will continue or it will reverse.

Sled

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Quote from: veznata on April 25, 2021, 03:39:01 PM

I think it will take many hours to recover Cheesy

. some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

Depends on the target price, if you are expecting a $60k from this drop, I guess it will take more than hours to recover, probably months or years, we never know but what we have to do now is to monitor the market and make the right decision. We are currently witnessing a drop again, either we hold or convert our btc to stable coin to be a little safer, then accumulate at a more cheaper price.

veznata

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I think it will take many hours to recover Cheesy

. some months from now strong hands will enjoy crossing the psychological 100K. it will be one of the hardest limit to cross. from there on we can move to 120K so fast that we could hardly have time to react. of course there will be standard 15-40 % dips along the road above.
by the way this https://ibb.co/SRXrLnS by Hal Finney (the btc creator exactly following first bitcoin appearance) predict bitcoin price is set to be worth $10 millions.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Tekunda on April 19, 2021, 05:04:03 AM

I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

You are exaggerating OP, the crash that we saw at the end of 2017 was significant but I doubt a crash as big as the one we saw back then is going to appear again and more than anything this has to do with institutional investors, if the price holds up above 30k or 40k even if the bull market disappears the idea of bitcoin being a store of value will take an even stronger place in the narrative bringing even more institutional investors to the market and helping it to recover way sooner than that.

Topic: The problem is that it could take again many years to recover - page 2. (Read 1103 times)