The problem is that it could take again many years to recover - page 5.

Sihab76

full member

Activity: 1302

Merit: 100

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 agree with you because I also sold bitcoins at the highest dumping position and after a long wait came back to the highest position and sold bitcoin. So you must wait a long time to repeat a market.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

I guess it doesn't take 4 years to create new all time high, remember bitcoin price was dumping 2018 ago after reach an all time high $20.000 but at that time bitcoin price was showing a good increase and until reach the previous all time high 2020 ago, it means just need two years for its price create new all time high.

As for your question, this bull run season is really different with the previous bull run season. At that time, there is some companies who stated that they tried to support crypto currency. But now, it is really different almost technological companies also is accompanied by instutional investor are supporting bitcoin. So as for the chance bitcoin price dump like 2018 ago is very small to happen.

jerrison

full member

Activity: 1442

Merit: 106

While the bull season persist, people should understand that the market has correction strategy that is often deployed in accordance with the principles of market trading and structure. I only feel for those who do not take profits because if the price of cryptocurrency drops to even as little as 40% it will have a negative effect on traders and holders and I know they will not be comfortable with that.

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.

Naughty Princess

full member

Activity: 952

Merit: 107

Quote from: hatshepsut93 on April 19, 2021, 11:54:53 AM

If that's a problem for you, then simply don't buy in the bull market, unless for short-term speculating, and accumulate coins during bear market. A lot of investors who joined in bull run are likely going to take profit during the run, instead of hodling for years and experience a crash like in the past. Risk and opportunity always go hand in hand, the point of investing is to find investments that have more opportunities than risks.

I agree. Buying in bull market is not good decision to when you dont see opportunities on what you invest. Price has pump and drop and even year way back, the market is the same the best thing to do is to hold since many institutions are also in bitcoin which is an opportunity that it wont stay there. Market price will be more better. Opportunist takes opportunity but risk takers stays on what they have and take chances to add more while in drops situation.

Shasha80

sr. member

Activity: 1876

Merit: 318

Investing in Bitcoin really requires patience, I agree that if Bitcoin goes down its price sometimes takes a long time to recover. And it is also possible
for Bitcoin to hit a price of $ 100k not this year, but a few more years. Or maybe we were dead when Bitcoin hit $ 1M. Why worry about all that,
because you want instant profit from Bitcoin, which may not come true. I think because we all agree Bitcoin has a bright future, so holding the Bitcoin
that we have without thinking about the target in the near future. That way we will find it easier to invest in Bitcoin. The most important thing is
not to panic seeing the correction that is happening to Bitcoin at this time, because it will not necessarily recover for long.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

Just because the bearish run of 2018 was so severe that bitcoin bits $3000 from its then ATH doesn't mean the same will happen with the correction happening with bitcoin.
This is nothing like that. This is just some market correction and will soon blow over. Believe me you, posts like this will only make people panic and then they panic-sell.
If you've got bitcoin, don't sell yet. Just keep on hodling

lixer

hero member

Activity: 2688

Merit: 588

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.

Anyone that is seeing the current price that we have now would be happy! Whether there will be a price of hundred thousand dollars and above or not shouldn’t be a problem. Let’s admit it, most of us that were here earlier when it was all still new, we never expected an increase as huge as this because of the way the market is now, so I don’t know why you’re trying to make it seem like there is anything special if the market should reach hundred thousand dollars, I don’t see anything so special about it, it doesn’t change anything.

Moreover, we all know for the fact that cryptocurrency market is volatile that it is not going to be that stable, it’s always going to be a case of going up and down.

seoincorporation

legendary

Activity: 3346

Merit: 3125

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.

Quote from: bounceback on April 20, 2021, 01:21:12 PM

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.

bounceback

sr. member

Activity: 2086

Merit: 283

Vave.com - Crypto Casino

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.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

People might always take a look back from the past and always do comparison of what they think would link and explain something that is unusual for them to further understand. Yes, from the past Bitcoin have suffered a low price after the ATH that happened way back 2017 and turn into crash by the early 2018 and took 3-4 years in the making before reaching what Bitcoin have been into right now. But we cannot hereby state that same thing will happen just because we are seeing dropping in the price and that it will take years before it can once again recover. If ever proven true, surely there are still lots of people who are willing to wait until such time comes for they have already witness the importance of Bitcoin.

arabspaceship123

full member

Activity: 896

Merit: 193

web developer for hire

These fluctuations have always been linked to cryptocurrencies so it shouldn't be a surprise to anybody when Bitcoin increase or decreases. It isn't just Bitcoin look at Ethereum and the rest they're all affected with fluctuations. Even if there's a crash it'll bounce back, it might take a few years but it always does.

Quote from: nightxglow on April 20, 2021, 07:54:44 AM

That's true, it's what i'm afraid too. I'm there at that time when bitcoin price went down so great, and people lose hope about bitcoin already, but then 4 years later suddenly bitcoin price went up so high, even surpassing that price that time. Now then, will it be a bubble again, and burst like before? Especially many new people are coming to crypto, and who knows what the might do that can affect the market negatively right? I'm afraid the same thing will happen and bitcoin will lose the value again, i guess it might really take so long before we can reach one million.

nightxglow

sr. member

Activity: 700

Merit: 251

That's true, it's what i'm afraid too. I'm there at that time when bitcoin price went down so great, and people lose hope about bitcoin already, but then 4 years later suddenly bitcoin price went up so high, even surpassing that price that time. Now then, will it be a bubble again, and burst like before? Especially many new people are coming to crypto, and who knows what the might do that can affect the market negatively right? I'm afraid the same thing will happen and bitcoin will lose the value again, i guess it might really take so long before we can reach one million.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

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.

even it takes a decade for Bitcoin to reach $100k, people are still willing to wait that moment. As long as the crypto market exists, it doesn't important how long to wait for that. Perhaps, early adopters are not here for they think that Bitcoin will reach $20k, $50k, and to the current ATH. It was not their pursuit but they are here as they are enjoying the market and they are profiting.

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: davis196 on April 20, 2021, 06:24:54 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.

1.We still don't know if this a price correction or a bull market,that will last for years.
2.Who cares,if there's a bull market.We know that the Bitcoin price will eventually hit a new ATH.It can happen in the next month or after several years.Bitcoin will always remain bullish in the long term.
The scarcity of Bitcoin remains.Institutional investors are here to stay.Adoption of Bitcoin will continue slowly.
All those factors are pro-bullish.

I tend to agree and you actually right.
I don’t really see the point of Bitcoin becoming a stable coin as since it was created, the only reason why we're all here is that we have the benefit of it being volatile. It is really pointless to compare two waves as they have different approaches and reasons for becoming bullish.

Have you ever think why did we have this bull market that we enjoy today?
Was the reason the same as what we have on the previous bull run?

IMO, I never expected the reason why it has reached what it is today. It was a very strange approach but It happened. Bitcoin was always an open book and I think if you don’t know it yet you had to read and study before you lose (just in case you have something to lose though). The cryptocurrency will never please a person with your perspective. So I would suggest for you to learn from it then.

davis196

hero member

Activity: 3150

Merit: 937

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.

1.We still don't know if this a price correction or a bull market,that will last for years.
2.Who cares,if there's a bull market.We know that the Bitcoin price will eventually hit a new ATH.It can happen in the next month or after several years.Bitcoin will always remain bullish in the long term.
The scarcity of Bitcoin remains.Institutional investors are here to stay.Adoption of Bitcoin will continue slowly.
All those factors are pro-bullish.

Spack17

sr. member

Activity: 1750

Merit: 293

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 think it's a very pessimistic point of view. We've seen so many times that Bitcoin recovered from really big falls. I think this is one of them too. The price is already 56k dollars now. I wouldn't be very surprised if the price reaches 60k again soon.

Bitcoin has a volatile nature like other cryptos and it's quite normal to see this kind of big corrections. Of course, it doesn't mean that the price will never come down to 20k, for example.

XZERO1

member

Activity: 518

Merit: 33

I highly doubt that the next bear market is going to be anything close to the last ones, I believe the whole market is getting healthier and those days that any minor bad news could result in 50% or more dump in price is over, this market is not 2017-2018 or even 2020 market when it touched $3k and a lot has changed since then.

When the next bear market comes after this big move I think it wouldn't last more than a year and it will recover soon after without going down that much you'd expect it to, in my opinion the lowest price Bitcoin could reach in the next bear market is $10k, so $3k range is probably a history now.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

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

I have no problems seeing a bright future for BTC,

So i don't care whats your view on this because your post below tells that you care also nothing for this.

Quote

but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700.

are you referring to what is the drop last March 2020? if does then this is not the right way to address the situation because the drop last march happens only when the pandemic attack and supposedly the start of bullish.

Quote

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.

But what drops are you talking here? the price drops only not under 10% and you are claiming as if we are in bearish market?

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

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 understand because you are a beginner who doesn't really understand how bitcoin moves, unlike those who have been in the industry for a long time and would think that what is happening now is commonplace.
Bitcoin's price drop does not exceed the 50K price which I think is still a good price from previous years, and the growth in adoption is also growing along with some recent good news and lots of good news about other bitcoins.
So I don't think Bitcoin will fall very deep and there is a chance it will go up again and be patient, you should take advantage of this drop to buy bitcoin and store it for the long term.

Tekunda

member

Activity: 204

Merit: 10

Quote from: Henrobakkara on April 20, 2021, 12:09:10 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.

A lot of people are already dead between yesterday to today and that dont have anything to do with whether Bitcoin will get back to $100k before a proper bear market or not. However it is not any time we see a correction, we scream bear market, all this shift are expected in the crypto market and if it so turned out to be the real Bear trend, then you know you most have been preparing for it all the while you where trading and dont be caught up. Lets not forget that this season, there where more Institution Investment into Bitcoin and other cryptos and I am hoping that this will change the nature of the length of the bear market if it does commence.

If it is really true that the situation is different than 2017/2018 because of institutional money, then we should see a massive rise soon after such a fall, because this is a great opportunity for institutions to load up on crypto.
We will see soon if this scenario will come to pass.

Topic: The problem is that it could take again many years to recover - page 5. (Read 1103 times)