Topic: What if BTC never reaches all time high? (Read 1157 times)

Hello. Some people say that Bitcoin can coexist with Ethereum.  How will that work? Is that like having US Dollars and Pesos such that Bitcoin can be used for some things and Ether can be used for other things? That seems confusing and complicated?  Can any cryptocurrency ultimately be used for everything universally?

Halving will not give any sharp explosive rise in price, the market will need time to feel a shortage of coins. Last time, it took about 1.5 years. And looking back at that time, then the price was still very strongly inflated by whales, and a bubble formed. This time, I think, everything will be smoother.

I'm also fine with it, but it's unlikely, Bitcoin all time high was almost $20 k, it is easily reachable given that the supply is cut in half and adoption is in progress, there could be delay, but definitely another all time high is coming.

No one knows what Bitcoin's price will be in the future. It could hit $50k, $500k, or even $1m in a few years from now. The fact that Bitcoin's block reward will experience a reduction every 4 years, tell us that Bitcoin should be more valuable over time. It's very unlikely Bitcoin will never reach a new ATH, since there's always demand for it on the market. The "pumpers" and whales will always exist in the crypto world. It's no secret that Bitcoin's halving event brings more hype than anything else. People will gain the sentiment of "FOMO", contributing towards a massive increase in Bitcoin price over the long term.

It's important to recognize that Bitcoin is a new type of asset class that's completely different from what we've been accustomed for a long time. Stocks, precious metals, and traditional Fiat can never be compared with Bitcoin directly. It was designed to be independent from the world's monetary system, making it a truly sovereign form of money for the whole wide world to use. Sooner or later, Bitcoin will reach a new ATH. The question is when will this happen? In the uncertain world of crypto, no one knows for sure. As long as you continue to buy Bitcoin, you can contribute towards a price increase on the market. Let's hope that there are more buyers for Bitcoin than sellers to see higher prices in the long term. Just my opinion

But even that if it is a great year still did not manage to make a new ATH right?and besides we are short by almost $6k so there is nothing to be compared with specially about the topic of this thread that asking for ATH thing.
actually it took long before the the effect comes here because the Virus is starts spreading last 2019 december yet we only felt the damage last march.
there will never be quickly overcoming because experts are saying the effect willstay for another couple of years so there is changes by then.

Definitely, the ATH was just $20K and bitcoin had reach over $10k last 2019 or even higher, so it's not impossible that bitcoin will pump.
Also, we've seen bitcoin pump significantly in just a day, a pump like $20% or 30%, so it's normal for bitcoin to pump and dump as well, an ATH will be achieve if not this year, then we can always expect that to happen every following year.

If bitcoin does not get to all time high then wouldn't it mean that it will have stable prices and we will never have to worry about large dumps at the price but we also do not get a large skyrocket that most investors and traders wanted, I hope that day will not come because if not many, some traders will get out of the trading scene. Plus I believe that the future of bitcoin is bright because it is still a young technology and a pioneer at the same time, we can always expect that it will reach all time high, a little faith would not hurt. Remember the time when they did not believe it would be worth $1 then it was worth more than that then they said it will never go up, they never rode the hype train and now they are regretting it.

Hello everybody. What attracts me the most in bitcoin is precisely its huge variation in price. The opportunity to buy it for 3 thousand dollars and sell it for 14 thousand - where else can you find it? I think the comparison with the index here is not entirely correct, yet Bitcoin has a great chance to conquer new price peaks, if only because of the limited number of them. I try to accumulate available funds for the purchase of bitcoin at the level of 2-3 thousand dollars, I am more inclined to the fact that the price will most likely go in that direction than it will conquer 20 thousand again. As for the talk about a million dollars for one bitcoin, I’m 46 years old, I think it is unlikely in my life to meet such a price. Although ... who could imagine once that the price from zero will reach 20 thousand. I try not to worry - you need to live today.

That comparison will Nike doesn't make sense to me, comparing apples to oranges.
Bitcoin will easily reach that ATH again, it maybe won't reach 1 million like some have predicited but it should go much higher than what it is now. 

it actually doesn't matter whether Bitcoin remains stable or continues its growth.

The only thing that really matters is the absolute number of Bitcoin users. The more users, the more Bitcoin needs to grow in value to maintain its utility, it's simple economics.

You cant have 1 billion people using a cryptocurrency with a market cap of $100 billion... That means an average distribution of $100 per person, when it should actually be more like $20,000.

Bitcoin differs greatly from conventional assets such as stocks and commodities, so its pricing calculation relates to some advantages. Since the official price of bitcoin does not exist, some sites and companies calculate its index based on the existing data. To this end, they weigh the value in various leading currencies according to the volume of sales and reach their average.

In my opinion, people who argue that bitcoin has never been reached all time high certainly do not have confidence in the future of bitcoin.
For me bitcoin will definitely reach all time high, but it might not be achieved in the near future. My estimation is likely achieved 2 years
from now. I think so because I see that many countries have legalized bitcoin and also slowly the number of merchants receiving bitcoin
payments is increasing. With that in mind, proven bitcoin demand is increasing. If this continues it can make the price of bitcoin continue to
rise, and I'm sure in the end bitcoin can reach an all time high price.

if Bitcoin not at all overcomes the all time high. That would be somewhat decomposing for its price, for the reason that since it's accordingly speculative, a plight of the existing penalty is based on the hopes of attainment $50,000 or smooth higher. If Bitcoin will care for lacking to become public ancient the one-time resistance levels, it will trigger a bearish sell while Bitcoin will receive to defend its childhood crutch levels. So, trading below $1,000 would be exceptionally possible.

You're comparing a stock , an equity vs a cryptocurrency coin.  The comparison doesn't really add up. One is backed by actually business and they other a currency in it's infancy.  If Bitcoin never reached it's all time high again, than in my opinion bitcoin will have failed.  The main goal for bitcoin is to make it a global currency.  If it never gets to those heights again, that means it was never adopted on a very high level, it was not accepted in mainstream as a payment type.  I don't think there is any way bitcoin has become a "success" if it doesn't get back to that point and then some.

For what I know, Bitcoin's prices are truly unpredictable. No one knows what will happen in the future. Bitcoin could go all the way to the moon like it did back in 2017, or all the other way around. A lesson I've learned is that one shouldn't focus on Bitcoin's price, but rather on how useful it is for daily payments. 1 Bitcoin will always be equal to 1 Bitcoin regardless of its price on the market. Price volatility is not much of a concern if you use Bitcoin directly without depending on Fiat as a unit of account. I've seen many jobs paying in Bitcoin, and merchants/businesses accepting Bitcoin directly as payment method. As long as you forget about how much a Bitcoin is worth, you'll see great results in the future.

Technically speaking, Bitcoin should rise in price by each halving of the block reward. We're very close to the next Bitcoin halving, so that should increase prices a little within the short term. I don't think Bitcoin will never reach a new All-time-high since demand will rise according to its limited supply. The more scarcer Bitcoin gets, the more money will pour across the crypto market. One thing for sure is that the crypto market is completely different from the regular stock market. The high fluctuations in price brings many profit opportunities with it. But at the same time, it can lead to many losses. Stocks are much more stable than Bitcoin, but they're centralized and highly attached to events in the mainstream world. Negative news greatly affect stock's prices than it does on Bitcoin itself. The current COVID-19 outbreak is a good example of this.

If you believe in Bitcoin, you'll stay in it for the long term. There's a lot of work to be done, in order to make Bitcoin the best money the world has ever seen. Don't let panic sells on the market make you determined to get out of Bitcoin ASAP. Always keep watch of Bitcoin's latest development efforts in the crypto space, to make a decision with your BTC holdings. As long as there are people who buy Bitcoin on the market, there's hope that prices will rise more than $20k sometime in the future. Just my thoughts

well, I don't think so, the fact that it as a limited supply, it cannot be a online currency only as eventually the demand will increase and how would bitcoin will handle that, it cannot make additional supply as its not part of its system.

Also, people who invested in the early time, they know it's gonna be useful in the future and its demand will increase, so they are holding some supply and they are making a fortune already even if they will sell now.

Regardless of the price bitcoin was not created to be an investment tool on the first had. It was created to be an alternate medium of exchange and no one even predicted that the price would be this massive compared to when it was created. There is a huge difference between the two you were comparing so I guess comparing the similarity ont he percentage is irrelevant, bitcoin has not reached the peak of mass adaptation yet.

we cant compare stocks to btc because btc is a new technology and people are still starting to appreciate it while stocks are already known  .

more chance that more money can still flow around btc makes its value to grow more  but let say if ever btc never touches ath again , i think no one will change  .  people are still here hoping   . those who buy at ath ofc cant recover anymore but there are many people that buys on the dip so they can still recover and earn some profits  .

I think coincidence is a real thing here, we know that cryptocurrency has a volatility state that everyone couldn't guess or predict what could stable price should be. Perhaps we may know what is next pumping or falling of price by understanding some trends and issues, analyzing market current situations that may occur in cryptocurrency and also in Bitcoin.

That's certainly true, mate. People just want to make a quick buck with Bitcoin, rather than believing in its core technology to change the world for the better. It's all about freedom/decentralization, than making money. After all, Satoshi designed Bitcoin to be independent from the world's current monetary system. But people are still putting their faith on Fiat instead of Bitcoin, despite being subject to manipulation or fraud. Whenever there's a bear market, most people cash out their Bitcoin for Fiat. Almost everyone is waiting for Bitcoin to reach a new All-time-high to make profit. Lower prices across the crypto market, tends to scare people away from the industry. With a Bitcoin halving every 4 years, you'd expect prices to become higher over time.

It doesn't matter if Bitcoin reaches a new ATH in price or not, since it was designed as an alternative monetary system to existing Fiat. As long as the BTC blockchain is still alive and running, there should be nothing to worry about. Decentralization/censorship-resistance is key to achieving financial sovereignty. That's what matters here. And Bitcoin can be used directly for peer-to-peer payments regardless of its price across the market. Once you focus on Bitcoin's utility, you won't need to worry on its price ever again. Just my thoughts