What if BTC never reaches all time high? - page 5.

Janation

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Quote from: Shasha80 on April 03, 2020, 05:45:01 PM

Don't compare bitcoin with the stock market, because investing in both is much different. If now the Nikkei 225 stock index data is the same
with bitcoin is just coincidence. Because I'm sure bitcoin will reach all time high, but it is not in the near future. I remain optimistic about the
future of bitcoin, in fact I am sure the price of bitcoin will exceed all time high in a few more years.

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.

FlightyPouch

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Quote from: Chris Barth on April 03, 2020, 04:45:32 PM

Quote

Now it looks likely it will never reach its all time high anymore.

I enjoyed reading this statement cause you said "It looks like". Actually, bitcoin as I believe will go beyond it's all time high even if not soon but then, is bitcoin all about the money? Or an idea created for making payments?

Well, for you it might be a great way to make payments, to pay loans and something like that for most people it's about the profit they are getting from trading and long term holding. I don't really look at the future movement as it will just stir my mind so instead, I will just meddle on what's in front of me. I can't mold the future but what I can do right now is be ready for what may happen.

Kelvinid

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when lambo...

Quote from: Shasha80 on April 03, 2020, 05:45:01 PM

Don't compare bitcoin with the stock market, because investing in both is much different. If now the Nikkei 225 stock index data is the same
with bitcoin is just coincidence. Because I'm sure bitcoin will reach all time high, but it is not in the near future. I remain optimistic about the
future of bitcoin, in fact I am sure the price of bitcoin will exceed all time high in a few more years.

You are right, crypto investment is different from the real investment but then, the risk found in crypto is really high. I know that almost all of us here are meant to be optimistic and think for another ATH but not really that is easy. It relies on the market resistance and something it misses these days when we are at war against COVID-19. This year is really a big challenge for all of us but despite this, we are still able to cope it up and still stood strong.

DarkDays

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If Bitcoin is to achieve mass adoption, then it will need to reach at least the market capitalization of circulating US dollars. That's around 2 trillion USD in bills, or approximately 17.5x higher than the current valuation of Bitcoin. At that value, each Bitcoin would be worth approximately $100,000.

If Bitcoin never achieves wide-scale adoption, then it will never reach anywhere near this value. The fact is, further growth from this point pretty much relies on Bitcoin achieving some form of adoption, and that's simply not going to happen in its current slow iteration.

Shasha80

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Don't compare bitcoin with the stock market, because investing in both is much different. If now the Nikkei 225 stock index data is the same
with bitcoin is just coincidence. Because I'm sure bitcoin will reach all time high, but it is not in the near future. I remain optimistic about the
future of bitcoin, in fact I am sure the price of bitcoin will exceed all time high in a few more years.

Utoy101

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With massive adoption and usage of cryptocurrency, i think bitcoin can attain unimaginable price value even higher than it's previous ATH. After the bull run of the 2017, a lot of people remove money from the cryptocurrency market because of lot of scam ICO that leverage the nice trend gather by the cryptocurrency market. The current market capitalization is less than half of what we had in 2017 which validates the fact that rate of adoption is the key to cryptocurrency price increment. I can't wait to see the marketcap rose above trillion dollars

Rengga Jati

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Quote from: JustFFFgame on April 01, 2020, 02:32:44 AM

We can see that their Second All time high to All time high ratio are almost the same. Is that the same pattern bitcoin will follow?

I don't think that they are the same, you just make it the same with your calculation above. Stock and crypto shouldn't have the same pattern, they are a bit different. Yep, what's happening on Nikkei 225 cannot be compared with Bitcoin because they are different in history, function, and characteristics. At least, you know that Bitcoin is like the main coin in crypto and has high volatility. It is much different than Nikkei 225. So, I believe that Bitcoin never follows the pattern of Nikkei 225.

Chris Barth

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Quote

Now it looks likely it will never reach its all time high anymore.

I enjoyed reading this statement cause you said "It looks like". Actually, bitcoin as I believe will go beyond it's all time high even if not soon but then, is bitcoin all about the money? Or an idea created for making payments?

xiboothrezi

sr. member

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So what? It doesn't matter if it doesn't reach ATH, as long as BTC still exists and is used or traded or invested, IMHO. Prices will always be there, volatility will be there, as long as demand and supply flood the market. We can know that ATH is not really the final destination, because new peaks and new valleys are always dynamic, taking advantage of existing patterns.

I am sure, one day the previous ATH can be exceeded, when? I don't know, no one can guess for sure, just limited to speculation. Sooner or later even relatuif, it's only a matter of time. The problem is we miss a lot of opportunities to get profits.

Youghoor

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I think everybody has his/her own all time for bitcoin now. As an investor you need to set your targets of profits with every asset that you purchase but don't go with the popular chorus of over $20K because if you do you are likely never going to cash out any profits. For instance if you bought bitcoin way below $4k and now it has increased about 50% I don't see the reason why you can take this profit and buy when it dips again. It's all about setting targets folks, don't wait for $20K before taking profits out of your investment.

Jako0203

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Quote from: JustFFFgame on April 01, 2020, 02:32:44 AM

What if BTC never reaches all time high?

Look what happened to Japan stock index Nikkei 225:
https://adjusted-for-inflation.com/japanese-stock-market-nikkei-225/

It peaked in year 1990 at 38800 and only managed to get back to 24800. Now it looks likely it will never reach its all time high anymore.

Now let do a simple comparison:
Nikke 225
All time high 38800.
Second All time high 24800.
Second All time high to All time high ratio: 24800/38800 = 64%

Bitcoin
All time high 20000.
Second All time high 13000
Second All time high to All time high ratio: 13000/20000 = 65%

We can see that their Second All time high to All time high ratio are almost the same.

Is that the same pattern bitcoin will follow? Only pump and dump by whale price manipulators from now on but can only reach All time high again?

Do you own research on the Nikkei 225 index historical patterns and make your conclusion.

(you can view detailed Nikkei 225 index data here: https://www.tradingview.com/chart/?symbol=TVC%3ANI225)

its because of the people around the world panicking because most workers have no work because of this pandemic, so they withdraw their bitcoins in their wallet and use this money to provide what his/her family needs for everyday, but theres still chance that bitcoin will go high again, if this pandemic ends then the bitcoin circulation in the market will be balance again

maxig.boroday

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well, BTC has its purpose anyways. we aint just always looking for the price but for the utility of it as well.

wingfield_crypto

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We do not know if Bitcoin will reach the $ 20,000 mark as of December 2017, taking into account the difficult context we are going through, because of this COVID-19. The BTC price is likely to exceed that value threshold, but we cannot know when that will happen. For me the BTC remains something special, because more important than its price is its utility in daily transactions, a good alternative of FIAT currencies.

rexxarofmoknathal

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Quote from: ?? on ??

You can't compare crypto to anything else outside it although they both have value to USD. Does it matter if BTC never reaches another ATH? Imagine if that happens, surely people would still consider buying it because it will surely have lower prices then. Demand might burst and it should inevitably increase in price.
But if it isn't then I think consider using Bitcoin already from what it is made to be an alternative payment method.

In effect, I don't see a future where BTC will not reach ATH. Crypto is the future of finance and this pandemic has just demonstrated this. In my opinion it is a matter of time until crypto gets recognised as the future and when it does, those that believed in the industry will profit, though the time is more of a concern now rather than if it will ever get to ATH.

thesmallgod

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Quote from: NeuroticFish on April 01, 2020, 03:49:30 AM

Quote from: JustFFFgame on April 01, 2020, 02:32:44 AM

What if BTC never reaches all time high?

If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...

Maybe op is among those people that bought during the time the btc price was highest. Unfortunately, it could be possible only if a kind of revolution drives people to massively adopt the use of bitcoin and the demand is high. Aside that, I think bitcoin will just be struggling

Maestro75

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The world economy is in a turmoil because of coronavirus yet bitcoin is not so much affected. Does that not tell you something? It shows the strength of the crypto. Staying above $6,000 for weeks now means a lot to its price and I believe that halving which will occure on Bitcoin next month will further strengthen it. The second ATH of $13,000 should he crossed before the end of 2020.

BitcoinTurk

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If Bitcoin prices rise to the peak of all time, great days are waiting for us because if this price increase occurs in a healthy way, all crypto markets will move upwards. If you need to consider various positive scenarios such as an active bull period, rapidly rising market and new investors entering money in this market, I can easily state that it will be a process that we can all be very happy with. Moreover, with such a possible situation, the popularity of both Bitcoin and cryptocurrencies will increase and will contribute to the disappearance of cash in human history. On the other hand, to say something about the possibility of a single negative scenario, if Bitcoin reaches the peak of all time with high dominance, then there will be very dark and brutal days for alternative cryptocurrencies. For this reason, we must follow this situation correctly and evaluate it according to the market conditions.

bangdik123

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Quote from: Sadlife on April 02, 2020, 08:56:41 PM

Nikke is different from Bitcoin that is an innovative technology that could an alternative to a possible financial crisis, sure any whale could sell and buy the price but that's the beauty of free market. But no one could manipulate the price movements and make it go back to zero value that's why i prefer decentralization. Unlike banks fiats and stock that a central authority can freely control the price just by printing money and lower interest rates to stimulate the market.

A good answer, because the calculation of stocks is not impossible there is no manipulation of bankers to play in the market so that price movements are no longer transparent, of course this is inversely proportional to a decentralized market because everything is transparent and cannot be manipulated to a value of 0 if it is still there is a trade that continues.

verita1

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BTCitcoin in the face of the current crisis is responding well. Perhaps it is the lifeline of some investors who have not yet considered it.
Also, it will demonstrate all the usability that it can be capable and all will depend on our ingenuity.
Anything related to its price should be considered pure speculation.

rodskee

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★Bitvest.io★ Play Plinko or Invest!

I never expect another Hype this soon ,i mean i don't look for the more than 20k$ value sooner because i know that it will never happen looking at the market now.
yeah Halving is soon to happen but not but the pandemic is also in the circulation so the more we expect is the more failure might come also.
so for me what ever market Gives me is i will accept open handed.

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