Topic: The problem is that it could take again many years to recover - page 3. (Read 1048 times)
Even if Bitcoin price recovers in a few years for example, it's not a problem for HODLers I think. I'm as well a HODLer and I don't see it as a problem. But for short-term investors, it must be really annoying.
Don't worry if you still loss hold and wait several years later you can see altcoin and bitcoin increase to higher price. Waiting is the best way than you want to cut loss with how much assets loss so far. I think you can get more later if patient wait and see bitcoin or altcoin raise to higher price, how ever always have chance to get back again to higher price.
You shouldn't be so sure about it already. The price had a similar period before too and managed to recover. Maybe we can see the same thing again this time too. The price managed to go above 50k again. It could be a sign of a recovery.
It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.
I agree with you and why some people get panic when Bitcoin or cryptocurrencies in general are going down, others are actually waiting for such occasion to be able to acquire more of this assets on the down side but you can only see this if you really have the interest of good investment and not just for get rich quick investment. I agree with OP, Now bitcoin has been pure love this year, but when the crash comes it could take some years to recover, and as an example, we have the first time when it hit $20, then it drops down to $8k and takes some years to come back, and those years means to have the stoped money all that time to wait for the right time to recover and not to profit.
1 million is impossible if we see it from the market capitalization view... I feel like there is not enough money to send Bitcoin to 1 million. Right now bitcoin has almost the same market capitalization as Microsoft. So if we see bitcoin as a company, it would be in the top 10, so, already is on the moon and $1 million is only a dream.
1 million is a very high price, in my opinion this is not impossible for bitcoin because bitcoin has a fantastic value, so to reach that high price of course it will take a very long time and on the other hand everyone must have at least 1% bitcoin to hold.
1 million is impossible if we see it from the market capitalization view... I feel like there is not enough money to send Bitcoin to 1 million. Right now bitcoin has almost the same market capitalization as Microsoft. So if we see bitcoin as a company, it would be in the top 10, so, already is on the moon and $1 million is only a dream.
You are wrong. Market cap doesn't mean total amount of money in the system. market cap = current price X current supply. the price or supply change first then you get the market cap. you can't change add or decrease market cap to get different price. 5 billion dollar market cap doesnt mean there is 6 billion in the system. it means that the entire supply is worth 6 billion at current price.
i think it doesn't matter. because You can add an infinite zero to the fiat. if i'm wrong please correct me.
I wouldn't mind taking it's time to recover I think we should be happy if that happens because we could accumulate more at a low price before it sky rocket again.
It is better for me than suddenly skyrocketing the price once again at least we could get ready for it.
I mean those who are like me who doesn't have much could take time to save money and invest unlike if it suddenly skyrocket most of the people who could invest are only those who have enough or rich.
It is better for me than suddenly skyrocketing the price once again at least we could get ready for it.
I mean those who are like me who doesn't have much could take time to save money and invest unlike if it suddenly skyrocket most of the people who could invest are only those who have enough or rich.
anyone who is capitalizing on buying after the drop will not have any problems with the number of years it will take to recover. thats how the trend has been. only a newbie will be surprised with this. you cant always expect price to keep going up it dosent work like that. people only want to see price go up and not come down, market dosent work like that. please watch market cycle.
It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.
I agree, with bitcoin proven to return profits at an exponential percentage, I think that all we can do is wait, accumulate and hodl because we can't do anything if we look at short-term and panic sell, you only lose more money and get unnecessarily frustrated when things could've been preventable in the first place. I believe that maybe in years we can bounce back or if not then probably at the next halving. 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.
We have compared so many times how bitcoin moved in 2018 and 2021 is completely different. 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.
The problems of the last few days are still symptom dull and likely to last longer. But this was the most successful year for bitcoin. Values from it, conditions, .. etc. It's all in sync and it will reach $ 100k this year. I am very optimistic!
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.
I couldn't have said it better. You're absolutely right, the worried party (IMHO) are those who are attracted to crypto in a strictly "get rich fast" way. Never before I saw so many topics like "my plan: make $$$$$$$ from initial 20 bucks and then retire" LOL
Those who are panicking today are those that have bought bitcoin at a higher price and now, they are scared that they will lose their funds on this market. So they are giving unreasonable statements, which can give negative outlook to most newcomers. However, for those that have seen bitcoin in a roller coaster ride throughout the years, they will just ignore these negativities.
Such a low price of bitcoin at $ 3,700 four years ago sounds a bit out of focus. It happened exactly on January 13, 2019 when bitcoin touched the price of $ 3,405.89 according to Coingecko.
As most members say bitcoin is not for weak hands, as we follow the bull run of bitcoin we must continue to learn its behavior.
Follow this man to learn and stay calm.☝️
As most members say bitcoin is not for weak hands, as we follow the bull run of bitcoin we must continue to learn its behavior.
Quote
Nothing goes up in a straight line. #bitcoin has gone up 6 months in a row, until this month. This looks like the mid-way dip that we also saw in 2013 and 2017.
https://twitter.com/100trillionUSD/status/1385607970059345924?s=19
https://twitter.com/100trillionUSD/status/1385607970059345924?s=19
Follow this man to learn and stay calm.☝️
It doesn't matter if it takes years to recover after the sell-off, I see it as an opportunity to buy more for a longer period of time. With that, I can accumulate more Bitcoin before it take off again. A good project will take time to recover and materialize its use. Let us all be patient and brace ourselves to the coming innovation that will make history - Bitcoin as a currency worth USD 500,000.
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.
Lets forget maybe never check again with your loss asset, I believe if bitcoin always progress on higher price almost altcoin assets back to higher price, but need time one or two year and some time more than three year to see your assets get much profit. Lest close all your exchange account and open back one or two years later. 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.
I couldn't have said it better. You're absolutely right, the worried party (IMHO) are those who are attracted to crypto in a strictly "get rich fast" way. Never before I saw so many topics like "my plan: make $$$$$$$ from initial 20 bucks and then retire" LOL
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.
This question is from a newbie perspective of seeing bitcoin dominant and constant price, I know its worth asking such question as to why it takes 4 years for bitcoin to recover from $20k to the latest new ATH. The point is that, there are many large companies buying bitcoin now as a means of saving company funds, this only keep the price stable and moving up gradually, note that the last bullrun only occur within one month, do you noticed this bullrun experience new ATH every months? Answer yourself this question and you know the time it will take for bitcoin to recover or not at all.
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 know the market isn't predictable, right? You also know that the crypto market doesn't follow any pattern. What makes you think this drop is the same as the one that took place 4 years ago? And what makes you think a significant drop has taken place? The price just went above $60,000 USD for few days. And it is not back to it's normal price.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.
This is nothing new. Threads and posts like this only creates FUDs and FOMOs. If you want to make posts like this, make a post with facts backing up your claim.
And yes, people die every day. Many people will dies before bitcoin crosses $100k. What are you trying to say over here?
or this is the same on what happened before with that 2018 market crash without even realizing on what are the things that we had able to reach out in terms of adoption and recognition.
Market is way too unpredictable and there are indeed no patterns that had been followed or to presume on and this is what makes hard for us to know on what would be the next possible movement.
When it comes to recovery then its inevitable, what comes up must come down and its a typical thing and isnt a surprising one.
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 $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
Kinda hard actually to predict or know the timing to sell your bitcoin and most of the time only a few people are lucky enough to make a great timing and sell at the peak of the market.
In my opinion, having a big drop at this moment in the market of bitcoin is unlikely to happen because of the market manipulations and giant companies that are getting interested and using bitcoin.
I think what could happen is it gonna pump in a big price like 100k$-150k$ and then will go drop big time, if I think about the giant companies that are holding it is almost impossible to expect a drop if they don't sell, companies are just buying and buying bitcoin at this moment and probably will sell in the future.
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 know the market isn't predictable, right? You also know that the crypto market doesn't follow any pattern. What makes you think this drop is the same as the one that took place 4 years ago? And what makes you think a significant drop has taken place? The price just went above $60,000 USD for few days. And it is not back to it's normal price.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.
This is nothing new. Threads and posts like this only creates FUDs and FOMOs. If you want to make posts like this, make a post with facts backing up your claim.
And yes, people die every day. Many people will dies before bitcoin crosses $100k. What are you trying to say over here?
Bitcoin has already experienced several falls if you look at its history. Yes, four years ago, the fall was quite sharp and one might even say landslide. Panic provoked a sharp decline and the price of bitcoin remained in the range of up to $ 10 thousand for a long time. But every decline and fall in price is a time of opportunity for those who know how to wait and know that Bitcoin will rise in price anyway. This time, even if the correction continues, I doubt that it will be sharp and move to panic sales.
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