Topic: What have changed in BTC price - page 3. (Read 506 times)
I think 2021 is really one of the best, if not the best, years for crypto. We had really interesting spring, both BTC and ETH hitted their ATHs. Then crypto crushed but it's still was higher than it was a year ago. And now it's coming back.
You are just looking at the present, have you take time to look at the past by this I mean the first quarter of this year and have you seen bitcoin reach the price of 60k and also you don't know what the last quarter hold for this coin in particular, if I were you I would wait before asking this question.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Can we now call 2021 the year of Bitcoin/crypto adoption year?
This kind of situation in the crypto market is quite common for some people who experience even greater than this one. There was a time when the price increases 50% in just a week and another 50% after that. Volatility is still there when the price rises like that, there is a tendency that it will go does like that as well. As we are in the 2nd quarter of this year, there are lots to happen and there is still some chance for the market to regain its price again so that sign is good enough for the investors to consider to buy bitcoins again before another bull-run comes.
This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Nah. In 2013 it went from $10 to $1300 and in 2017 from $1800 to $19000. Both of those times were bigger than 2021's. Sure, this year hasn't ended yet, we may see some huge spikes like moving above $100k-200k, which would then mean that we should expect huge drops.I don't think price is the right indicator for the rate of adoption though. Obviously we got new ATH, but it's not the biggest jump if you compare it with the previous ATH. I think the hype is always bigger for each bull cycle, compared to 2017 it was definitely bigger imo.
Just to add something. In 2013, it cut the reward from 50 BTC to 25 BTC. In 2017 from 25 BTC to 12.5 BTC. In May 2020 it went from 12.5 to 6.25. It is justified to not jump same like in the previous halvings, because it is now slowly making the supply less responsible.
Before 2 days everyone was shorting bitcoin and investors have fully believed and market situation giving signal tha it looked like it was going to dump. One whale makes a big buy, and off to the races with the stop losses getting hit and the shorts becoming longs
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Well, we can call 2021 is the year of bitcoin since bitcoin broke his own record of ATH at $63,000 this year. And today, after such a deep dip the price of bitcoin slowly increasing day by day. I believe the price of bitcoin is going higher and at least touch down its ATH again.
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I'll call the 40k right now as of writing this. 
It could be too sudden from what how I checked the price like 12 hours ago, as it was still around 34k-ish before.
I am not kind of expecting it just yet to get back to our last ATH, but who knows.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
we still can't call this year the year of BTC adoption because there is still a lot of resistance...Can we now call 2021 the year of Bitcoin/crypto adoption year?
some time ago I saw on Twitter there was a group of people in El Salvador who balked at BTC being a legal tender there besides that there are still many countries that refuse to recognize Bitcoin. btw, I really believe that in the next 5 to 10 years BTC and other cryptocurrencies will be mass-adopted.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
that there are lots of changes that did really happen in decades time and comparing on the level of adoption then we are really able to identify on how far we had able to reach out.
For now the best thing to do is to go with the flow and if you are a short trader then you would definitely be minding on how to make profits in long term basing on current
price movements.
2021 is indeed the most Bitcoin adaption year. And we have seen a new ATH this year as well. Most probably it's because of this adaption. But it doesn't mean the price wouldn't drop and always should up only. Bitcoin is the most volatile cryptocurrency and most probably that's the reason why it's most popular than other cryptocurrencies in the market. By the way, just now I have seen in Binance Bitcoin trading above $39K and trying hard to break the $40K zone. It's because most likely Amazon going to adopt Bitcoin.
Today, bitcoin has risen well in price, I think this was facilitated by the news from amazon that this giant wants to accept bitcoin for payment at the end of the year,they also want to start developing their own cryptocurrency, I would like to read such news more often.
The question in everyone's lips now is, if the bitcoin bullrun is back because, it surely looks like it. At the moment, the price has risen to $39.5k and it isn't done yet. That's the best part of it all. Something hodlers have been looking forward to though, so long as ots still far below the ATH which numbers around $60k, I'm still hodling and would continue to hodl.
It's going to feel really sad for those who sold too for various reasons related to the fud being passed around, from Tesla to China attack on miners. Its all coming to an end now but the harvest isn't ripe yet. Hodling remains the way to go and most importantly, still buy if you can and your ready to hodl. Its not too late for an investment.
It's going to feel really sad for those who sold too for various reasons related to the fud being passed around, from Tesla to China attack on miners. Its all coming to an end now but the harvest isn't ripe yet. Hodling remains the way to go and most importantly, still buy if you can and your ready to hodl. Its not too late for an investment.
It's a pity for everyone who sold at below $30K and between $30K to $35K because the price bounced back hard, even better than I initially expected! Now, I'm macro bullish and I feel like the worse is behind us. We might have a little correction after this but it should give way to higher highs. With the milestone price of $100K in mind, I would continue holding and won't sell. I didn't sell when price dumped hard then I won't certainly sell now.
The question in everyone's lips now is, if the bitcoin bullrun is back because, it surely looks like it. At the moment, the price has risen to $39.5k and it isn't done yet. That's the best part of it all. Something hodlers have been looking forward to though, so long as ots still far below the ATH which numbers around $60k, I'm still hodling and would continue to hodl.
It's going to feel really sad for those who sold too for various reasons related to the fud being passed around, from Tesla to China attack on miners. Its all coming to an end now but the harvest isn't ripe yet. Hodling remains the way to go and most importantly, still buy if you can and your ready to hodl. Its not too late for an investment.
It's going to feel really sad for those who sold too for various reasons related to the fud being passed around, from Tesla to China attack on miners. Its all coming to an end now but the harvest isn't ripe yet. Hodling remains the way to go and most importantly, still buy if you can and your ready to hodl. Its not too late for an investment.
Statista's visualization looks very weird, I don't think it's helpful in seeing the general trend, given how it's more detailed closer to the current date. But blockchain offers data of their own, and the adoption rate going higher in 2021 than could be expected from the graph is more obvious there. But still, 75 million users is close to nothing when we compare it with the world's population, and at this rate true mass adoption (similar to that of smartphones or the Internet) is unlikely within our lifetimes.
Therefore, I provide a note below so as not to use what I say as a benchmark to see the current statistical comparison. And with that I totally agree with you that the mass adoption that is happening is more of a big big act which we can access via smartphones.
After the price reached the ATH this had to get some correction and rest in lower levels to save the potential for reaching a new ATH. There are many factors for bitcoin to start growing and some factors are actually happening, when the prices reach lower prices levels and people start to buy dip greedy the first factors will happen, and since the price could reach nearly 29.2K, many people were greedy and this greed made the bullish cycle get started, also we should consider the fundamental side of the story were Dorsey and Mask made a positive fundamental effect that's how everything changed on market.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Bitcoin or any other cryptocurrency present today is still undervalued and still has low adoption. Rember that every year, there are more and more bitcoin adoption that is happening. Just like the recent news in which some countries lawfully turned bitcoin as their currency. Imagine having more countries doing that in the next years. Can we now call 2021 the year of Bitcoin/crypto adoption year?
Just like what others said, adoption doesn't necessarily mean it affects the price directly.
It might seem so, @2021 being the year of bitcoin adoption in comparison to the past years and there is way too much events to have made this transformation possible. The 2020 year was a year clouded with events. From the biggest event of all which was the covid pandemic, the bitcoin halving and the bullrun followed by Elon musks Tesla bitcoin purchase. All these contributed to why bitcoin had the sort of surge it had this year and why the bearish looks of the market is most likely to take a while before we see some substantial move towards the bullish side that would last much longer. The market is a bit stabilized now the way I see it. Still hoping it stays so though.
Hopefully, the bear trend is leaving the market and the bull trend comes to the market as we know that the price has already increased and back to $34k.
But if that is about bitcoin/crypto adoption, I think that already happened a few years ago and maybe it started from 2013-2015.
Maybe the peak of the adoption happened in 2017 as the bitcoin price reached $20k but unfortunately, the price is down too deep and makes many people frustrated to see the price.
But in this year, people see that bitcoin price get the chance to increase and they see bitcoin already hit $64k.
That makes the adoption process run and gives courage to some countries to accept bitcoin.
But if that is about bitcoin/crypto adoption, I think that already happened a few years ago and maybe it started from 2013-2015.
Maybe the peak of the adoption happened in 2017 as the bitcoin price reached $20k but unfortunately, the price is down too deep and makes many people frustrated to see the price.
But in this year, people see that bitcoin price get the chance to increase and they see bitcoin already hit $64k.
That makes the adoption process run and gives courage to some countries to accept bitcoin.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago.
Can we now call 2021 the year of Bitcoin/crypto adoption year?
Can we now call 2021 the year of Bitcoin/crypto adoption year?
What do you mean? bitcoin has been rebounding since hitting $29k, perhaps it was really cheap for the majority of us and bought a lot during this dip. No, 4 years we will see the price moving very high, it's cyclical, so there's no such thing as highest price movement because obviously the next couple of years we will see another exponential growth. Same as crypto adoption, every year it's growing, so there is no definite "Bitcoin/crypto adoption year".
Every 4 year cycle is different.
As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price.
I think we've been in the bear market for months now, and I don't see any signs of recovery. As for the price growth, it was higher in 2017 than in 2021.If you look at the various statistical data on Bitcoin adoption so far, then I really agree that the increase is much more significant than in previous years. I really can't show all the evidence and data related to it all. maybe there are some pictures that I can show, regardless of the relevance it goes back to the extent to which you understand all the context of Bitcoin adoption from various elements.
You can see the source here:
https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
Statista's visualization looks very weird, I don't think it's helpful in seeing the general trend, given how it's more detailed closer to the current date. But blockchain offers data of their own, and the adoption rate going higher in 2021 than could be expected from the graph is more obvious there. But still, 75 million users is close to nothing when we compare it with the world's population, and at this rate true mass adoption (similar to that of smartphones or the Internet) is unlikely within our lifetimes. You can see the source here:
https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
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