What could be All time high for Bitcoin for all time?

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

If @OP asks what is the highest Bitcoin value, we can only say that the highest Bitcoin price ever reached is around $60k. But in the future, there is a possibility that Bitcoin prices could rise higher than yesterday's ATH and possibly reach more than $100k.

But the problem is that we don't know when the next Bitcoin high will occur and we can only wait for it to come. And before the highest price of Bitcoin comes again, we are still allowed to accumulate more.

And with Bitcoin's trend still tending to decline, we have to use the opportunity to buy more Bitcoin so that when the price increases, we are ready to sell it at the high price we want. But we also have to know that the price of Bitcoin will not increase significantly because there are stages that must be achieved. And this is where our patience is tested.

CageMabok

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

If you ask about the highest price that Bitcoin has ever reached, you can check the price of Bitcoin in 2021 because that year the highest price of all time occurred for Bitcoin. But if you ask about the unprecedented high price of Bitcoin, I will be quite difficult to answer even though some people say that in the next year there is a possibility for Bitcoin to pass the highest price ever achieved before. However, the exact figure will always be difficult for everyone to guess because reaching $70K alone is already the highest price of all time for Bitcoin.

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Quote from: Bazzu on September 04, 2023, 11:05:22 PM

What I know is that the highest price for BTC in 2021 will be around $69k and of course we won't know the price of BTC during the next bull run, but I hope Bitcoin surprises and forms a new ath exceeding $100k.

In my opinion, the price of BTC will continue to grow because people adopting BTC are increasing, while the supply of BTC is limited, namely only 21,000,000, so I think the price of BTC will continue to grow. but we also have to be able to take advantage of the volatility and fluctuations in the price of bitcoin.

It will continue to grow if we're going to base it from its current price and it could be as high as $100k or more than that.
We just don't know when and if the situation will allow that to happen, maybe not this time but more of the chance happening it post-halving.
The care will be shown when everyone starts to get greedy again and the market don't have much motion, so start from analyzing what move should be done when we're not yet on another ATH.

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

I think that BTC and other cryptocurrencies are testnets for novel digital financial solutions. Blockchain is a data-storing technology, so its development should be financially beneficial. I suppose that's why BTC price is rising. Moreover, beneficial projects create "secondary" projects in many fields (hard and soft production, trading, ad placement, etc).

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The all-time high (ATH) reached by Bitcoin represents a form of price rejection, where at that peak, people tend to employ rational thinking to gauge the latest price range of the Bitcoin market.

In my opinion, at the $69k level, the price was exceptionally high, even for Bitcoin in 2021. Consequently, a correction occurred from that lofty price point, bringing it down to a more reasonable level. This established a market price range between $20k and $30k, and it has been hovering around $25k ever since.

The potential scenario that may unfold next 2025 is as follows:
If, following the next halving event (2024), there is a price surge to $100k, it's conceivable that the BTC market price could be in the range of $60k-$70k. This is purely a personal speculation.

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Quote from: CryptoBuds on September 05, 2023, 08:00:58 PM

Agreed, manipulation always exists in every financial market, those with a lot of money will never ignore this easy way to make money. But the crypto market has more manipulation than any other market, because with a small cap, without much regulation...manipulation becomes easier than in other markets.

Whales in traditional markets don't ignore chances to make money by market manipulation in this cryptocurrency market because total market cap of this market is small together with less regulations are very attractive with market manipulators.

They would prefer to use their capital for manipulations in this market, that is more easily in traditional market, with less risk of regulations, legal problems than in traditional markets. In addition and most important, they can gain bigger profit with same capital used for manipulation in cryptocurrency market than in traditional ones.

Quote

But many people still naively assume that bitcoin is decentralized and cannot be manipulated, LOL. Yes, the bitcoin network cannot be manipulated, but the price is too easily manipulated.

Being decentralized in its network hashrate distribution is not related with coin distribution among holders and market manipulations. In addition, to manipulate successfully whales have to collect coins very slowly with time. They do their games slowly and silently enough to avoid noises in the market as well as on-chain indicators. When we realize it, it's too late and game is already in play.

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Quote from: hd49728 on September 05, 2023, 06:35:23 AM

Quote from: CryptoBuds on September 04, 2023, 11:21:06 PM

Manipulation and speculation are inevitable in the market and I also believe that the majority of short term movements are manipulative rather than supply and demand based movements.

Manipulations are in all markets and they execute their plans silently and very patiently after a long time. At a right time, they pull a trigger and release news, fuds to cause panic in the market, then forced liquidations will happen on exchanges because in the market, there are always many gamblers who believe that market will serve them and move in a same direction of their open positions.

Supply and demand make sense for market growth in a very long term. Short term, it's all related to manipulations and liquidations.

Agreed, manipulation always exists in every financial market, those with a lot of money will never ignore this easy way to make money. But the crypto market has more manipulation than any other market, because with a small cap, without much regulation...manipulation becomes easier than in other markets. But many people still naively assume that bitcoin is decentralized and cannot be manipulated, LOL. Yes, the bitcoin network cannot be manipulated, but the price is too easily manipulated.

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Quote from: kryptqnick on September 05, 2023, 07:52:15 AM

Op's correct that there's no reason why Bitcoin must always recover after another bear market and reach a new ATH. Of course, at some point, it might reach a new ATH which it will never surpass. It's just that it hasn't happened yet, and there don't seem to be any good reasons for that to happen either, so people rely on observations of the past.
So if the thread's question is about that, about Bitcoin reaching a certain point and never going past it, it's hypothetically possible. If it's about a specific value, regardless of when it happens, I don't think it's possible to reasonably answer this question, because it can be around for decades, it can be around for centuries, human civilization can experience growth or a downfall in the meantime, and fiat currencies in which we currently measure BTC value can decrease so much that a price won't mean much or just become a thing of the past.

Bitcoin's recovery has been somewhat cyclical, but you're correct; past performance does not guarantee future results. The problem comes down to the fact that Bitcoin is inherently unstable and that its external factors are always changing. These include, but are not limited to, laws, the acceptance of institutions, and the stability of the global economy.

Lets compare this to how standard markets have changed over time. Many traditional financial instruments have become more stable over time, thanks to large part to laws and market structures that have been around for a long time. Bitcoin is still a pretty new thing. One important thing to think about is how foreign currencies affect the value of Bitcoin. Should fiat currency lose a lot of value or become useless, the way we measure Bitcoin's success would change.

So, to answer your question, it is possible, but not likely, that Bitcoin will hit an all-time high that cant be beaten. The fear of an ATH that we never get past could be trumped by our boredom with the way our economies are set up now.

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Quote from: un_rank on September 04, 2023, 01:46:08 PM

You cannot predict the highest it will ever get to cause it is impossible to predict the global economic situation in a century or a millennium from today. There will be so many changes in the value of fiat and even the existence of fiat and if the world moved from the current monetary system to a different one.

Inflation will always exist and will factor in for anything Bitcoin is priced against and a time could come when it is valued as a currency and not a product.

- Jay -

Right, but not only that. Maybe the world will go to shit because of a nuclear war in a few years and the ATH will have been the highest it has ever been until then. Or it's the Bitcoin that goes to shit in 50 years no matter how hard it is for us to conceive.

The point is that the price will most likely continue to rise in the long run, albeit with volatility, for two reasons: the devaluation of fiat currencies, which is not going to stop, and that Bitcoin will be an increasingly appreciated and scarce asset.

Making guesses about what the peak will be in 100 years does not make much sense, because you would have to factor in dollar inflation as well, if the dollar still exists by then; let alone the peak of all future history.

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Quote from: kryptqnick on September 05, 2023, 07:52:15 AM

Op's correct that there's no reason why Bitcoin must always recover after another bear market and reach a new ATH. Of course, at some point, it might reach a new ATH which it will never surpass. It's just that it hasn't happened yet, and there don't seem to be any good reasons for that to happen either, so people rely on observations of the past.
So if the thread's question is about that, about Bitcoin reaching a certain point and never going past it, it's hypothetically possible. If it's about a specific value, regardless of when it happens, I don't think it's possible to reasonably answer this question, because it can be around for decades, it can be around for centuries, human civilization can experience growth or a downfall in the meantime, and fiat currencies in which we currently measure BTC value can decrease so much that a price won't mean much or just become a thing of the past.

When it comes to the future, every scenario is possible and we can only predict, nothing else. For me, once I choose to invest in bitcoin, I will always believe in it and believe that it will reach ATH over time. That's my belief in bitcoin, but if unfortunately it won't generate a new ATH then that's not too big of a deal for me. Because sometimes life won't be what we expected and then we just need to find a way to get through it. Everything is not a serious problem if we accept it and are ready to face it.

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

every single one of us are looking for this , we are actually thinking that bitcoin will be pegging for this specific amount and will never fall again and instead continues to increase.
but all of this for now are prayers and hopes.
and also you cannot call its all time high when there is another increase in the coming days.
and for now? what I wanna know is how much the price to take in the next bull run.

kryptqnick

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Op's correct that there's no reason why Bitcoin must always recover after another bear market and reach a new ATH. Of course, at some point, it might reach a new ATH which it will never surpass. It's just that it hasn't happened yet, and there don't seem to be any good reasons for that to happen either, so people rely on observations of the past.
So if the thread's question is about that, about Bitcoin reaching a certain point and never going past it, it's hypothetically possible. If it's about a specific value, regardless of when it happens, I don't think it's possible to reasonably answer this question, because it can be around for decades, it can be around for centuries, human civilization can experience growth or a downfall in the meantime, and fiat currencies in which we currently measure BTC value can decrease so much that a price won't mean much or just become a thing of the past.

hd49728

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Quote from: CryptoBuds on September 04, 2023, 11:21:06 PM

Manipulation and speculation are inevitable in the market and I also believe that the majority of short term movements are manipulative rather than supply and demand based movements.

Manipulations are in all markets and they execute their plans silently and very patiently after a long time. At a right time, they pull a trigger and release news, fuds to cause panic in the market, then forced liquidations will happen on exchanges because in the market, there are always many gamblers who believe that market will serve them and move in a same direction of their open positions.

Supply and demand make sense for market growth in a very long term. Short term, it's all related to manipulations and liquidations.

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Quote from: Afnan_faizah on September 04, 2023, 10:38:49 PM

I think the biggest factors that make bitcoin price reach new ATH is because of speculative investors who looking for profit in good trend only. the growing number of bitcoin adoption will make it's price rise constantly but the pump and dump is made by those speculative investors, they use their fund to buy bitcoin and make it's price pump and when they sell it then the price will fall to it's true price. that's my opinion.

Manipulation and speculation are inevitable in the market and I also believe that the majority of short term movements are manipulative rather than supply and demand based movements. But I don't think bitcoin's ATH is purely based on speculation. As you said, the demand for bitcoin is still increasing every day so it can be said that bitcoin could reach an ATH because adoption is still happening. It is also the reason the price increases every year and bitcoin is unlikely to return to its old levels even if manipulated. I mean, let's look at the 2018 low of $3k and we'll never see bitcoin at that low again. Similarly, the $15k price level is said to be the bottom of this bear season and we will never get a chance to see it again in the future.

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

is true that Bitcoin has always madeIt higher highs over time. However, there is no guarantee that this trend will continue indefinitely. There are a number of factors that could cause Bitcoin's price to plateau or even decline.

One possibility is that Bitcoin becomes more widely adopted as a currency. If more people start using Bitcoin to buy goods and services, the demand for Bitcoin would increase, which could drive up the price. However, it is also possible that Bitcoin becomes more regulated, which could make it less attractive to investors.

Another possibility is that a new cryptocurrency emerges that is more efficient or secure than Bitcoin. If this happens, investors could start to shift their money to the new cryptocurrency, which could cause Bitcoin's price to decline.

Ultimately, the future price of Bitcoin is uncertain. However, the fact that it has always made higher highs in the past is a positive sign for its long-term prospects.

As for your point about Bitcoin not yet starting a trend, I would say that it is still early days. Bitcoin is a relatively new asset, It took the stock market over a century to establish a clear trend, so it is unrealistic to expect Bitcoin to do the same in such a short period of time.

Bazzu

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What I know is that the highest price for BTC in 2021 will be around $69k and of course we won't know the price of BTC during the next bull run, but I hope Bitcoin surprises and forms a new ath exceeding $100k.

In my opinion, the price of BTC will continue to grow because people adopting BTC are increasing, while the supply of BTC is limited, namely only 21,000,000, so I think the price of BTC will continue to grow. but we also have to be able to take advantage of the volatility and fluctuations in the price of bitcoin.

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

It is true that Bitcoin is always at a high value, and that has been proven many times. Even so far, Bitcoin is still the leader when it comes to price. Now, if you are asking what its ATH will be when the bull run comes, my answer is that I don't know. Because everything that anyone says in the crypto space right now is pure speculation and nothing is accurate, it's up to you which of the predictions to believe and hold on to. I hope those who predicted a high value will see it happen so that everyone is happy. As far as I can see, maybe by next year it won't be less than 50k each in Bitcoin.

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I think the biggest factors that make bitcoin price reach new ATH is because of speculative investors who looking for profit in good trend only. the growing number of bitcoin adoption will make it's price rise constantly but the pump and dump is made by those speculative investors, they use their fund to buy bitcoin and make it's price pump and when they sell it then the price will fall to it's true price. that's my opinion.

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It can be any value above the currently ATH. We have no idea where Bitcoin is going to reach futurely as each new cycle is always a new surprise. Who could have imagined we would go from 21,000$ in 2017 to 69,000$ in 2021? These things happen suddenly as golden opportunities, so investors aren't able to prepare themselves if they aren't already long term investors.

The only thing we know is that Bitcoin is a scarce asset with growing demand and adoption since its creation 14 years ago.

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Quote from: Ruhila7 on September 04, 2023, 12:46:51 PM

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

The statement that Bitcoin will always go high is true since the price of Bitcoin has kept recovering over the years. The coin has gone through several price losses but has always recovered. Bitcoin all all-time high now is $68,789.63 and Bitcoiners expect that Bitcoin having next year might take the price above it. We have had many predictions about the price of bitcoin but most of them turned out to be false, this is because the price of Bitcoin is affected by many factors, and in most cases these factors are unpredictable. We can only speculate, nobody can perfectly predict the future price of Bitcoin. If you want to invest, this time gives such opportunity to buy and hodl.

Topic: What could be All time high for Bitcoin for all time? (Read 334 times)