Topic: To the OG's from before 2016. What do you expect the price to be in 2021? (Read 188 times)

nothing about a 85% drop is normal, as it wasn't normal to rise >100% in one month in the last month of 2017. and just because someone experienced previous similar drops, it doesn't make the newer ones "normal" in my opinion.

with that said, it is pretty much the same as previous times, if that's what you are asking. we had a solid rise which created a lot of hype and attracted a lot of global attention which eventually led to a huge bubble at $20k and like other times, this bubble caused a long bear market.
and similar to all those times, bitcoin is still bitcoin and is constantly improving and its adoption is still growing. so to answer your other question, price at 2021 should be much higher than this. and by then we will have seen another new ATH for sure and will probably be in a similar situation as these days after the bubble burst but at a higher price, maybe $60k this time.

No one from 2016 or 2015 is OG. Even 2014 and 2013. True OGs are 2010 and 2011. Those from 2012 are OG Jr.

Price on January first 2021 will be exactly $17642.

It’s a natural correction from a new ATH. We’ve seen this twice previously in bitcoin’s short existence.

We’re now beginning the start of a new cycle. What we’re currently experiencing is the accumulation phase, you should be basically buying now whilst the price is at or seems very close to the bottom. Don’t let this period pass you by, you need to load up on what you can afford to buy now.

The next halving is mid 2020. The price will in around 6 months or less recover & start a new uptrend as we get close to the halving.

In my experience & personal opinion the price could reach six figures during this new cycle but it’ll most likely be in 2021/22.

Disclaimer - I am currently high but the above is what I think & would say sober

I got into bitcoin at late 2012, early 2013 times, it was the first time it hit either 150 dollars or 250 dollars ( I do not remember right now) and have been around ever since. Honestly, I would like to say I didn't really thought about 2021 during those days, I didn't even think of today during those days. If I was a smarter person I would buy as much as I can or at least try to earn as much as I can, instead of saving all bitcoins I had I usually spent it on stuff.

Talk about 2021 today however I can say that I have no idea what the price will be (most probably higher, doubt it will be lower) however I know one thing for sure, bitcoin and crypto will be more involved in our life at 2021, it will be much more used and accepted and will become more mainstream, still nowhere the fiat levels but better than today, hence I think it is still a great long term investment.

I've been in the game quite a long time, mined my first 2.2 BTC with GPU cards in a short time .
This is my take on the situation based on the past.

When an ATH hits it is after a period of stupid euphoria. This is when your parents and colleagues ask you how to get into Bitcoin.
Then the bear market slowly starts and then it keeps on going down. Then the hammer comes down hard.

I know we hit the bottom when even I start losing faith, which has been a while back. Because I've seen it all before I'm ok with it.
Usually it dumps 3 to 5 times after you think the bottom is in.
This is what has been happening the last year or so. I do think we will be close to or at the bottom.

What then tends to happen is that Bitcoin stabilizes even if still slowly going down.
Then the trend will slowly go horizontal and then even up slightly.

I will call this the sideways period. This can take quite some time (maybe 2 years).
Usually most people lose interest because nothing seems to be happening.

The trend will go bullish but not at a fast pace. Most will not notice it happening.
Eventually the price will gradually rise, nothing major.
During the rise we will continously have people exiting because they still want to cut their losses especially just before or above the previous ATH.

After all weak hands have dumped on the upwards trend the true believers will remain and the pace will pick up more and more rapidly.

Then we will go to a new ATH.

... the cycle continues again ....


So 2021 I will predict that we are in a slight stable upwards trend. Maybe at $5k or so. I hope better but I'm being cautious.
I'd rather say $20k but I'd rather be wrong with my $5k

I've not experienced the highs nor the lows of anything prior to 2017 and 2018. Read about it, sure, as it happened, but never owned a single satoshi until I entered properly in 2016.

So when it happened as I held/owned some, it was exhilarating. But not completely surprising. I suppose the extreme volatility, the sustained price increases followed by the occassional periods of stability and then intermittent sideways trading that's punctuated the slide since 13 months ago, these have all been mildly surprising. But taken with a healthy dose of objectivity, nothing surprised me.

You know what the surprise was? That long time holders and supposed permabulls thought this was the end. These were guys that were around for a long time... so I thought they'd be prepared to weather the storm.

It seems totally normal. An 84% crash after a bubble is right in line with past cycles. In 2011, BTC dropped 94% from the peak, so that gives you an idea how much worse it could get. We also shouldn't be surprised to see a bear market lasting multiple years given the 2014-2015 bear market.

In late 2021, I'm guessing we'll be trading above $20K.

A lot of people here have experienced crypto crashes before. Does this "seem" normal to you? If yes, where do you think we will be in late 2021 pricewise?