Topic: What if BTC never reaches all time high? - page 4. (Read 1157 times)

Maybe this indicator is just a coincidence,

Hey guys, bitcoin enthusiasts are always increasing because bitcoin is a decentralized digital currency, when you buy a cup of coffee, and pay it with 1Lot of shares, the coffee seller will refuse your payment ,
but if you pay for coffee with bitcoin, the coffee seller will receive your payment

Bitcoin is a different market, there's no competition on bitcoin, it is dominating the crypto market so if crypto would boom, bitcoin should lead the way.
This is a revolutionary invention, when people keep adopting to crypto, that would only mean a growth of demand and the growth of demand will simply increase the price, we can only use a simple math here and for sure we will see what's its future be look like.

It is no problem if bitcoin never reaches an all-time high, but I wonder if that is right or not because the last time higher is almost at $20k, and the second is at $13k. I am expecting the next higher bitcoin price is at $15k-$17k before we make another high price, and that means, the bitcoin price can go more than $20k. It is interesting to wait for the price can make the new highest price, whether it will happen in this year or next year. So we need to wait and see while we can do another thing to pass the time.

well for now maybe some traders are still waiting and saving up for investment, lets just wait for them and then the btc price will become high again and soon i believe that it will reach its high peak again like the price way back 2018 when it reached the 20,000 dollars that time and i cant wait for that to happen again soon. and for my advice as an investors we should wait for others to become a part of our this forum again

Indeed. There could be some people who will lose their interest to maintain their long term investment in bitcoin if it doesn't reaches the all time high because their expectations will end up a disappointment. But i still believe that bitcoin will still reach it's all time high that it really takes a lot of time for it to reach.

If bitcoin never reaches all time high maybe people will not going to be more excited on investing into it. If bitcoin is remain its value from the start maybe it will not going to be exciting. Bitcoin is amazing because it is high on volatility and everyone can really earn on it depending on how we take action or handle our emotions on crypto feild.

It will happen again for sure, since we already witness that before and history will repeat itself  the all time high will be reach. You have to position yourself and make sure that you are ready and willing to take the risk knowing that there's no certain and active time frame for this new height
The last time high went to the peak of $20k. Lots of people are still hoping that it will be back or much better to surpassed that amount and reached more than the last time high.

As a bitcoin hodler, Reaching ATH again is a chance that we can never let go. I hodl bitcoin for-profit and buying and hodling it in some way that I am earning some profit. As you said it is not impossible that's why many of us is wishing that moment will happen again and bitcoin will surpass its ATH again.

I have no problem if BTC can't reach its ATH again. My target in Bitcoin investment isn't the ATH but certain rates to reach to be considered for selling. For me, if the price can grow up until $20k, it is more than enough. About the ATH of Nikkei 225, it is incomparable with ATH in BTC. We have unstable and unpredictable price moves, so it isn't impossible to see it suddenly improve someday. 

Btc and stock market is different. The price in stock market is influenced by many factors include companies performance where there is dividend rate that offered by that companies while there is no dividend for btc holder. Btc price is compared against fiat price where fiat price or value is always decrease because of inflation. So bitcoin price will reach $20000 again due the decreasing value of fiat. There is a case where japan's nikkei 225 was in a parabolic bubble in the 1980s when the Dow jones industrial average had a steady rise, even nikkei has not recovered while the Dow jones fully survived its biggest one-day decline on October 19, 1987. Its proof that nikkei 225 performance is not so good.

Not sure how come you are comparing those Japanese stocks with bitcoin. Look, the supply of bitcoin is limited to 21 million coins. No new coins will be added to the market after 21 million coins has been reached, but their will be increase in the demand of the coin each and everyday. The population is not limited, remember that. As days pass by, more crypto currency users will be created, thus creating more demand for the coins which in turn will cause the price to rise.
Yeah, we might not  see it in the short run, but we may see the price rising  and reaching the all time high in the long run.

What's wrong with speculation then? the core of the price is the speculation from people behind your bitcoin. With the price of it right now, it seems like we are getting back on our feet to continue the phase of halving, yet I'm very positive that we are heading a good market, a bullish one.

I hope so, there is a huge chance of cryptocurrency to be fully recognized and adopted by the government after this. Crypto payments are already in the reality, however it is not that fully utilized by many so I'm thinking that we are going to see more often of cryptocurrency payments in malls and online shops.

This scenario is quite possible. Bitcoin was originally designated as a currency. So rather than the exchange rate, the adoption and acceptability levels are more important for Bitcoin. If Satoshi is still alive, then he will be concentrating more on these aspects rather than the exchange rate of Bitcoin. But naturally as the acceptability increase, the prices should also go up. If it is not happening, then there is some manipulation going on.

If it reached ATH, then that's great, if it doesn't that's okay too, as long as BTC stay as BTC and all that matter is we reach that consistent up and not DIP that low that will cause a panic for everyone.

Exactly. Bitcoin was never meant to be a dependent currency from the world's monetary system. It was created to be largely independent from the centralized infrastructure that's prone to corruption and fraud. People have used Fiat as a unit of account to measure Bitcoin's value. Prices go up and down in a blink of an eye as they're the ones who determine its value instead of a central authority. Since there's no company, central operator, or middleman behind it, the pioneer cryptocurrency can never be compared to the likes of traditional stocks in the mainstream world. Comparing Bitcoin vs stocks is like comparing apples vs oranges. Stocks cannot be used as money for daily payments unlike Bitcoin. The pioneer cryptocurrency allows you to use it as both a store of value and a currency for daily payments. It's like combining the best of both worlds.

Saying that Bitcoin will never reach a new ATH, is a pessimistic attitude. Given that Bitcoin was designed to be a deflationary cryptocurrency, it's supposed to rise in price over time. The rules of supply and demand tells us it should be this way. While Bitcoin is still speculative, its use cases in the mainstream world are expanding far beyond reach. With the Lightning Network, it's now possible to use Bitcoin for daily payments just as you would with cash. Instant transactions and low fees will make Bitcoin highly attractive to the masses. As a result, demand for Bitcoin will increase alongside its price across the crypto market. If you believe in Bitcoin's core Blockchain technology to change our world for the better, you'd "hodl" it no matter what. Otherwise, Bitcoin is not for you.

What's important is not how much Bitcoin is worth in terms of USD (Fiat), but how useful it is for censorship-resistant payments worldwide. So far, Bitcoin has done an excellent job in preserving decentralization/censorship-resistance where no one has been able to disrupt the chain in its entirety. This gives us freedom to transact with anyone in the world without the fear of getting our funds confiscated or our account frozen by a third-party. In a world where the banking system is about to collapse in its entirety, Bitcoin serves as a "safe-haven" asset which operates 24/7 regardless of negative events in the mainstream world. It's unstoppable unlike any other currency worldwide. With good patience, you'll be able to see great results in the future. Let's hope that with the upcoming halving, prices start to rise across the crypto market at a fast pace. Just my thoughts

I think many people are upset they lost out when crypto was still very new just after 2010 but in foresight, it's easy to say that. Even if you flip a coin and get heads not tails you could just say to yourself you should have picked tails. I think most people that talk about the price high are wanting a second chance at glory but they should not forget at other currencies too. When crypto really picks up and tokens have real-world value and tokens act more like stocks in a company then those tokens will soar in price along with the new project that backs them.

Why are we even judging it by its price? Sure, talking about if it could reach another new high is fun and all, after all, if you hodl and that happened, easy profit. But that doesn't mean that THAT itself defines what BTC is. If it never reached it, then so be it. It's not like that BTC code has a self-destruction sequence that states that when it doesn't reach the ATH in x amount of time, the system would be destroyed or something like that. BTC isn't an investment in the end, it's just a means just like fiat. A medium of transaction which is basically done over the internet, one that no central power has control of.

If it's not then it's not, as simple as that. However, I doubt about that possibility because in my point of view btc grow bigger and bigger which later can definitely result to price increase later. After this pandemic, there's a big chance that many government around the globe will realized how significant a cashless transaction is and this is where Bitcoin may enter . They may finally accept crypto payments within their countries, more and more people might adopt such kind of technology, and big businessmen might also invest unto it. Who knows ?

I'm extracting what he said about the development and it's a good point to take that base from what OP was asking. Yes, given that the USD may inflate soon since the stimulus was already there.

And that's the exciting part where we will be heading after this crisis.

What we can do now is to wait for what will happen.

It is said that the pandemic can't affect the price of Bitcoin directly but that is not the same with those people that are having a hard time now with the quarantine. This pandemic will not be that easily dispersed and we might wait for a longer time for our lives to be normal. Even with the halving, we can't really say that it would be the same as last year's result.