Topic: Throwback: Bitcoin was $64k today, a year ago. - page 2. (Read 1538 times)

such question is really hard to answer as there's more than meets the eyes in this market. most of them are getting interested because they are thinking that this is their ticket to being rich. but it is not. would be better if they need to equip themselves with some information or at least educate themselves with the risks involve in this market. they should understand that it is not all profits that they will get here but should expect losses esp if you are a newcomer on this industry.

The difference this time is that, more newbies have made their research before committing their investment on bitcoin. They want to be sure of it so they did the DYOR thing and that has helped them to buy at the right time which is this time. I'm one that have believed of $100k on the last bull run but I'm not disappointed because I saw how high it reached and I'm willing to wait for the next time to see some peek of it.

100 years is too long wait and most of us are no longer here. But it's true that cycles aren't identical as they are but most likely, they're close to what it's been in the past.

So true, we'll see. 2 halvings will pass by that time and I'm excited thinking on how high it can be by that time.

They've got the paperloss and we don't know if they've sold already at losses. But if they're firm in holding, they have to wait again until the bull run comes back. That's only if they listen to the people who have experienced about the bulls and bears before and what's the best thing to do.

The known tip we always say, buy the dip or buy when it's low.

We don't know if bull run will come again by 2024, what we're sure about is that halving will take place by that year and then will be followed by the bull run.
We're lucky if we actually see it followed on the same year but most likely, the predictions again are telling that the bull run might happen by 2025. We're all speculators on this speculative market. 

And I just remember a lot of newbies jumping into it, and also, the NFT world has risen. I've seen a lot of posts on social media, this time speaking about bitcoin everywhere. It's because of its price, and also, some of my relatives reach out to me asking how they can earn it (easy to ask the question, but the answer is complicated), to which I respond with what the most known to earn or get bitcoin is. Then the small dump came, and I saw many newbies ranting about it and videos talking about its price, like financial advice. I was just shocked that when the price of bitcoin hits its ATH, a lot of people then get interested in it, unlike before.

The last ATH that Bitcoin has made was priced at $68,789 on November 10, 2021 and is by far the highest price that has occurred. You are right that right now it is indeed a bear market situation and this will continue to happen until next year because it is estimated by many economic observers that the world is entering a crisis.
of course a situation like this is indeed very profitable if you have the funds to continue buying and investing in bitcoin, but you must remember that the investment time will be long, so the funds will be absorbed there for a long time.

I feel bad for those who buy in the All-Time High expecting a $100k, I mean, that $100k should happen at any point but it could take some years.

And this time bitcoin is closing the year as a terrible investment, $17k is just too low for what people expected, But the good news is that next year it will have a happy end because it can't crash more and there is only one way to move, and that's the up way. So, let's see how 2023 rolls for Bitcoin.

A year has passed since bitcoin reached its all-time high. I could still picture the joyous party that followed bitcoin's spectacular rise to $100k last year. Everyone was making predictions about how much money their bitcoin investment would yield.

Comparing the price of bitcoin today to the price from a year ago shows that no one can accurately anticipate what the price of bitcoin will be in the future (skyrocket or decrease in price).

However, as we start to move away from the current bearish market and into a closer bull run by 2024, we are unsure of what the coming year will bring for us in the cryptocurrency market. Crossing my fingers until then

Most people want more at high prices and less at low prices.
Few people can sell at the highest price and buy at the lowest.

It will actually look very painful for people that buy Bitcoin at a higher price of maybe $50-60k then thinking it will reach $100, if they are still holding it will look somehow as their wallets will be red due to the price of Bitcoin now. But one good thing is that, in two years coming, the story will actually look different because we hope that Bitcoin price will be above $100k then.

Bitcoin have made so many people to be balance financially and has also made some loss half of their property if not all their property. Bitcoin is very important in our modern generation, it's very rare to see people not investing their assets in bitcoin, because it's the future and so many hopes depends on it. Bitcoin was $64k a year ago, if invested wisely, some investors would have been smiling by now after pulling their profits off it and some who weren't smart enough would be in big regrets.

The sky is the limit to how far Bitcoin will go in price. If it continues to rise in popularity, then the pioneer cryptocurrency would be set to destroy Fiat for good. We're going to have to see how everything will play out as crypto/Blockchain tech matures itself in the mainstream world. I believe Bitcoin will go higher than just $64k per coin, especially when it hasn't reached the world yet. There are a lot of people worldwide who haven't even used Bitcoin before. If we include these people, the price (and market cap) of a Bitcoin would be a lot higher than what it is right now. I'm pretty sure it will be in the "millions" within a couple of years from now.

I'd say the current bear market is the perfect opportunity for you to buy as much Bitcoins as you can for a huge discount. Who knows if buying now will lead you towards untold riches in the future? Just my thoughts

Yeah, that's nice and all, but imagine looking at this tweet after 5 years.

The cycle cannot always repeat. Otherwise in 100 years 1 BTC would be more than the GDP of all countries combined 

Not an exact science I'm stating here but there is always a ceiling...

Although the price of Bitcoin was high a year ago, more and more people have entered the cryptocurrency market this year. Many countries also allow bitcoin payments. Everyone shouted that Bitcoin could reach 100,000, but now it seems that it is not impossible. After the price of Bitcoin rises this time, it has the potential to reach 100,000. Because there are more people using Bitcoin now than last year. Persevere and you will see hope.

The cycle always repeats after halving, it will enter a bullish period and BTC will reach the latest ATH after which the market will again enter a bearish period, it's just that last year there were so many predictions that the price could reach $100,000 but it was not achieved so there were those who had not sold it at the highest price last year, I believe that after the 2024 halving Bitcoin will again reach the new ATH, how much is that? don't know. However, those who are patient by continuing to hold it for up to 10 years have seen their BTC increase by hundreds or thousands of percent. always look at history.

The halving is the only hope we have to see BTC reach a new ATH in price. But that would be subject to global economic conditions. If the global economy worsens by 2024, don't expect Bitcoin to go higher in price anytime soon. We're going to have to wait and see for how long central banks will keep raising interest rates. I'm pretty sure they won't be increasing rates forever since that would cause severe pain to the economy. Once they stop increasing rates (especially The FED), then it's likely the crypto market will turn bullish.

I'd suggest anyone to buy more Bitcoin when the market is in a downslide, to accumulate as much profits as possible when everything goes back up again. This is a once-in-a-lifetime opportunity to become filthy rich. As long as you don't put all of your life savings into Bitcoin, you'll have nothing to worry about. Just my opinion

History will repeat itself for sure, but we don't know when. I am sure it will happen in a few years. Bitcoin will again break its multiple ATHs in the near future since this is always happening in bitcoin and it is confirmed when we see the chart, it is almost identical. That is why most experienced traders and long-time holders keep saying that now is the best time to buy and hold bitcoin. Let's see what will happen after the halving of the price that bitcoin could reach at that time.

Everytime I think of the previous price of Bitcoin, years ago (lowest and ATH), I realized that I made a mistake for not buying before the price drastically increased. It's because of the doubt and fear of losing my money. But as time goes by and witnessing the ups and down, what i'm certain is, whatever price Bitcoin might have right now, it's not permanent.

I'm optimistic Bitcoin will reach (or might surpass) the ATH last year again in the future though it's uncertain when exactly. It could be after halving, only time can tell.

The fact is that no one is able to predict the future with any certainty, but I also believe that bitcoin will recover and be able to reach its ATH within the next halving. I also believe 20k or under 20k maybe this is the last we will see it, like 3k happened during bear season in 2018, a lot of people regretted not buying bitcoin at that time and now history is repeating itself. We cannot say that holding bitcoins will make us rich but we will certainly have a better life if we invest in bitcoin.

Bitcoin has always bounced back in price, even when it has gone through the worst. I'm pretty confident the same will happen again after the next block reward halving. Those who didn't buy BTC when it was trading below $20k, will regret themselves when BTC gets past $100k per coin. After the pioneer cryptocurrency reaches a new All-time-high in price, it's very unlikely it'll be worth less than $20k again. That's why it's important to take advantage of every dip in price to help secure your financial future.

Who knows if buying BTC now will make you extremely wealthy in the long term? As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts

Yes!!
To add more details to it -
As per CoinPedia Price prediction Novemeber 2021 -
September 7th 2021 was a historic day for Bitcoin, as it became a legal tender in El-Salvador, which pushed the price to $53k. The price of Bitcoin took a move to a New ATH of $69,045 on the 11th of November.

and look at today's bearish market. Bitcoin attempted to begin with a recovery phase last week, but this black friday BTC crypto price has dropped by around 2% diving the prices lower close to $16,400 at the moment which may be extended below $16,000 very soon.