Topic: Throwback: Bitcoin was $64k today, a year ago. - page 4. (Read 1538 times)

Optimism is important, after all what we don't believe today about bitcoin might happen in the future. I realize that bitcoin is a highly volatile asset, so anything is possible when there is a lot of fresh money coming into the market. You and I may not know what will happen at the end of the year especially regarding the bitcoin price, but anything is possible.

Beginners who come will surely believe that in 1 year Bitcoin will rise again because they do not know the previous market situation and only remember from the sweet words of others that Bitcoin is easy to rise, that's bullshit we are still in the same situation seeing the price of Bitcoin from ATH continue to fall to $20k and of course we expect another increase but because we are familiar with the market it certainly doesn't take 1 year to soar even a few years have to pass how we survive in a stuck Bitcoin situation so now we understand from this 4 year cycle it can also be possible maybe not but history records it always repeats itself, so when it's down or bearish it's time to buy and hold Bitcoin in our bags so far it becomes easier to buy lower.

sometimes it is true that high desires will not always be accompanied by certainty that can soon be realized, all may hope but the reality may not be in accordance with what is expected. indeed last year when bitcoin was moving to continue to increase, many predicted that the price would be able to reach $100K by the end of the year, but the fact was not fulfilled it could only reach $68K+ which is the latest ATH.
agree that what everyone's mind wants may not be in line with what bitcoin will do, even though the character of bitcoin is to keep repeating.
but in a situation like this which is in a prolonged crisis, I also agree that bitcoin will not be able to move towards improvement in the near future and it is not impossible until next year, the possibility of a repeat will occur after the 2024 halving.

It is true that time flies, we are still battling a volatile market caused by war and inflation without even knowing that a year has passed. But I don't think bitcoin drop is unexpected, like 2018 cycle when bitcoin hit $20k ATH people believe it will hit $25k, similarly, when bitcoin hits $69k, everyone wants it to hit $100k. It's our greed and that's why many losers when believe bitcoin will hit $100k. Bitcoin does not follow our thoughts, it is we who have to run after it, so never set your goals too high and then be disappointed.

Newbies have the mistaken idea that the markets can go parabolic forever as they do not understand the concept of cycles, and how bitcoin can do well during a period of time and then it can crash after it has reached a new all time high.

However for those of us which know what it is going on this is a good time as we can get bitcoin for a good price and by just holding it for a few more years we can achieve profits which are almost impossible to get with other assets, however newbies do not see things in the same way, and instead they are afraid of investing when the price is low as they also believe the markets can crash forever.

Similar was the price in the earlier years. Once after reaching peak value, there is some kind of cooling period. This is the time period availed to buy as much possible. Everyone who have experienced previous bullish move reaching the peak and dropping down to the range of $3k will be much confident of the market bounce. For now we've been experiencing the downturn, and hope the same will create momentum for the upward move at the earliest.

We all know Bitcoin wasn't going to go up forever. What goes up, has to come down sooner or later. While I'm confident prices will rise back up again, it's going to take some time before we're able to see any positive results. Maybe 2024 will lead BTC towards $64k and above? That is if the Russia-Ukraine crisis is over by the time Bitcoin's block reward is cut in half. If the pandemic and the war persist, don't expect Bitcoin to reach a new All-time-high in price anytime soon.

At least, the Blockchain is alive and healthy as ever. Surprisingly, BTC's network hashrate has increased over the past months. This shows us there's still interest in helping support the Blockchain despite rising energy costs worldwide. Market prices have been steady between the $18k - $20k range these days, so I'd suggest anyone to buy more BTC before it's too late. Just my thoughts

In the original plan we were indeed going to sell at the highest price and buy again at the low price, but the high price which we thought was already very high had not yet reached its peak and when buying at the price we thought was very low, it still had not reached its bottom.
This prediction will not work 100% also depends on how the market is and the state of market sentiment from outside the market.
Don't just wait for it to recover, waiting by buying some Bitcoins or potential altcoins will be great, when the new ATH is reached we will all party. But remember one thing, the market will not go according to our predictions 100%, we must have a plan B and have spare money for buybacks.

Well, that won't be enough but at least you'll get some margin from that when bull run comes again.

Yeah, that was like the time that we're all expecting that price would certainly hit $100k back then. We're all invested on our emotion by that time because it's really achievable during that time and then, we all know what has happened because it's not met. The same bull run and it can be as huge as it was or bigger when the next halving comes.

Very much usual to see it drop because that's how the cycle of bitcoin's work. We may see it go at the top again but after that another drop will surely come. I wasn't surprised when it has come but it's disappointing because I thought that it will be longer but no. Whether there will be another rise for a year or two, we can have that positivity remain after the next halving.

We're all looking forward on that day that bitcoin will surpass that ATH and will go into an entry of another ATH and much higher than the pass. And it's like that the last ATH will be likely as the support just like these times. We've been $20k as the ATH of 2017 and today, it's just the support.

If the price is lesser but it's still in profit because you've bought it lower. That's still a plus and profit but the profit was lesser than the ATH. I think, you can have the typical mindset of making from there and you have to think positively that you need to accept and be satisfied with the sale you've made. Because not everyone sells in profit, and many are selling at losses when their expectation wasn't met.

Depends on how soon is what you believe. But we're all agreeing that someday bitcoin will eventually hit $100k and that could be the most surprising moment and as many have learned the lesson, many will start selling at that point.

It seems surprising for the newcomers but for those who have already been familiar with the market, this is a common scenario to see, dumps will undoubtedly come after the bull season. Yea, it was terrific to remember the past days, I didn't even figure out that it was already 1 year since we reached the ATH. For sure a lot of people had missed that situation and made it this year to take in preparation for the upcoming Bull season. I just hope everyone has done filling their bag/s ready for it because we are expecting Bitcoin will reach more than $64k as its new ATH.

Bear market is discount but people are even more afraid of bear markets than the bull market as it’s easy to make quick profits without stress.
There is a logic that people missed out in bear market, investors becomes less interested in the market and that’s always the best time to scoop your sats in your bag and by the time bull market comes, you don’t have to worry what is even driven the market, all you have to do is relax and watch your portfolio becomes multiple in usd and sell if you feel the market has top but it’s sad that people prefer to be genius(dullard) in bull market where everyone literally becomes a market expert.

We are all indeed having those kind of hopes considering that we've seen on what happened on the past which it would really be that we are that optimistic when it comes to this.
The thing we do have in mind is that if we do able to sell into that peak then we indeed make a profit and buy later on when the price hits low ones.It cant be avoided and even myself
do always have these kind of thoughts that if we should have known that the market will correct this low then i might already had sold up my holdings into those particular price point.
Lets just wait but we dont know on how long it would taken up for us to recover or seeing these new ATH.

Huge drop indeed, but Bitcoin remains at the level where it left off from its past ATH for 1 year. That alone indicates that Bitcoin is in no doubt gonna bounce back stronger. It will definitely hit a new ATH, it might hit the 6 digit figure as well.
Bitcoin is most likely going to have another run late in 2023 or somewhere mid 2024 or after the Bitcoin halving. The 4 year cycle will break the bear.

Currently the bitcoin price is starting to strengthen above $20,000 and this proves that BTC is still strong enough to survive and continue its journey. When bitcoin hit ATH to $64,000 I expected the market to drop soon, but this year's decline was a pretty strong drop and crashed to hit the $17,000 support. It will take some time to hit the new ATH again, but Bitcoin will definitely hit it, now is a good time to buy and hold it for the long term.

That's the thing about bitcoin, we do face some troubles here and there, but then we go up a lot afterwards. Yes, we have faced a trouble with crypto in the last few months but that doesn't mean that we should be just be fine with it, and that’s the good thing.

I believe that we should be seeing over 64k in a matter of few years at most, and not that many things could give you 3x return in that span of time, so it’s still good, and we will go higher. That 100k is the one I am waiting for, that’s the most important one, and I believe that we will go up a lot more in the long run, it’s going to be a huge increase in the end when the time comes for sure.

Nice with congecko remember us about one year left with Bitcoin touch all time high price and right now drop drastically almost 60%, still believing for Bitcoin can reach higher price one day later and actually I think Bitcoin can reach more than $64,000 most higher from ATH did last one years ago. Every one hope Bitcoin can back again to higher price and need to see one day another new ATH happen with Bitcoin, have bad position right now with altcoin holder or investor after Bitcoin crash and dump under $20,000 many bad news happen with Altcoin. I don't think soon Bitcoin can reach higher price again but still have hope to see with new all time high one or two years later.

So are you regretting that you aren’t unable to sell the coins at that time? I mean who knows what gonna happen in future. You can only say anything based on luck. I myself had bought Bitcoins at 50k usd and right now holding it. Does that make me impatient? Nevertheless coming back to OP, it’s really great to see that BTC has impacted a lot in many people’s life. Definitely I can proudly say that after 3-4 years when BTC will be at 100k usd or more, people will recall this time and will frown that wish they had bought Bitcoins in the bear market when BTC was around 20k usd. Let’s not expect more and wait to see what happens next.

I can still clearly remember when the price of bitcoin was at that level; I had no idea that it had already been a year. Back then, it was the topic of conversation in the media, and anyone who had bitcoin was regarded as the wealthiest person in town. Those, among other factors, sparked my interest in learning more about bitcoin, although it took me some time before I joined this forum for that purpose.


For those who held it back then and for those wishing to enter it now, these could serve as a lesson. People who held bitcoin back then and hoped to sell it for $100,000 but were unable to do so or who later sold it for less money will be saddened. This can be attributed to pure greed. And those who profited by selling at a greater price, regardless of how little, relished such times. By identifying the traits of a successful trader or investor, one may distinguish between these two types of people.

That's also if people can see the current opportunity to buy more and fill their bags. Otherwise, they will wait and do nothing but watch the price move up and down. Those who see it as a great opportunity to buy more in this bear market will surely get a bigger profit than others. And with the bitcoin price returning to $20k now, it can give hope that any bitcoin high will be broken and eventually, we will see another bull run. And while that hasn't happened yet, we should be able to seize the moment to buy more.

We will cross that threshold too, one day. BTC is now chilling at 20k+ price point. It is still not bullish yet as far as i can see. but be assured that we will cross the 100k+ mark in no time. Maybe not today or tomorrow, hopefully soon that will happen for sure. It's just a matter of time.
Bear market is an opportunity. Fill your bags and just forget about it.