What if BTC never reaches all time high? - page 7.

BlackFor3st

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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)

You have your point but in crypto world anything is possible and it is very hard to predict what will happen in the future that is how volatile the market it. So let's say that your statement is 30-40% right because in my side, I truly believe that bitcoin will create a new ATH in the next bull run.

But the main problem is we are not yet sure when is the next bull run to happen as many are waiting for this moment. 20k$ bitcoin price can be break easily especially if the big whales will take the lead and the small investors will follow.

GreatArkansas

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Quote from: ?? on ??

Its going to hit the ATH. Don't worry about it, it will come you just have to wait. You'll have to wait til miners will only get few BTC on their wallet and they will just sell what they have for $20000 each in the market to cover their cost. That time will come whether we like it or not. The only we are doing today is keep accumulating or you'll run out of BTC to play in the market.

It is easy to say, that we can see a new All-Time-High, but the OP want's to know "WHAT IF". Well, if that happens, for me, there's a lot of people who will get disappointed? Because some people expected Bitcoin is good for investment for the long term since the value of it is increasing.
But on the other side, there are also a lot of lessons we will get and lot of people will appreciate the really use of Bitcoin, that it's not only about the price of it.

jhonjhon

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Quote from: ?? on ??

Its going to hit the ATH. Don't worry about it, it will come you just have to wait. You'll have to wait til miners will only get few BTC on their wallet and they will just sell what they have for $20000 each in the market to cover their cost. That time will come whether we like it or not. The only we are doing today is keep accumulating or you'll run out of BTC to play in the market.

Let's have to wait by then. We are still in the crisis period and ain't to expect that the market will work that way, it probably after the war is over, Q3, Q4...things to see how the market behaves. Bitcoin move slowly backing up high, it sounds like we are in the recovery.
I hope that we are able to see another ATH but I'm not really crazy to think it always but rather to get surprised... Grin

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What a stupid analysis Cheesy

.

I'm not a good analyst but basing these 2 assets isn't worth it for me. Its just a coincidence. Tell this if there are other assets that are the same as Bitcoin and Nikkei 225. After that maybe some will believe in you. You also created a new account just to post this thread.

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

Only pump and dump by whale price manipulators from now on but can only reach All time high again?

I understand your comparison but who cares if the price of BTCitcoin does not reach its all time valuation, is that the only reason we are into BTCitcoin Wink

, there is a big misconception in your comparison of a regional exchange to a global market and this is just a young market and keeps on growing and in the coming years we will see more investors in the market and that will help the market push to another all time high valuation but to expect the market to touch an all time valuation all the time does not make any sense.

Quote from: hatshepsut93 on April 01, 2020, 03:25:19 PM

But, Bitcoin's usability as a currency wouldn't be affected. It would hurt its attractiveness as a store of value though, because a good store of value should be retaining its value and be predictable.

The value of BTCitcoin as a store of value will be tested when the recession hits and with the situation we have right now we do not need to wait for a long time to test the waters as we might head into a global recession in the coming months and then we can very well claim how investors consider BTCitcoin as a store of value or a mere speculative market.

hatshepsut93

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First, there's no such things as "second all time high", there can be only one all time high, isn't it obvious? The correct term should be "second peak".

So, what if Bitcoin never overcomes the all time high of $20,000? That would be quite bad for its price, because since it's so speculative, a lot of the current price is based on the hopes of reaching $100,000 or even higher. If Bitcoin will keep failing to break past the old resistance levels, it will trigger a bearish market when Bitcoin will have to defend its old support levels. So, trading below $1,000 would be very possible.

But, Bitcoin's usability as a currency wouldn't be affected. It would hurt its attractiveness as a store of value though, because a good store of value should be retaining its value and be predictable.

jacafbiz

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I do know for a fact Bitcoin would reach All time high again and even surpass it, but when this is going to happen is what I do not know. If you are a good trader you would know that the 13k, 9k 7k and 6k price floor are all Fibonacci retracement of the previous highs, I know some people do not believe in it

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I think Nikke and bitcoin are not the same, and both Nikke and bitcoin don't have the same pattern. I think that happens because of a coincidence if you see the same pattern. I believe that bitcoin will reach ATH again in the future, and if that is not happening this year, bitcoin still has the future, which we don't know what will happens with bitcoin. It is better you watch the bitcoin journey and enjoy the ride while you can still buying bitcoin from now on before the price start to increase.

20kevin20

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Makes no sense to compare BTC's price evolution to the Japanese stocks. That's pure coincidence. If Bitcoin never reaches ATH, nobody will put their money in BTC anymore to get rich overnight so it's partially a good thing. On the other hand though, that means there isn't demand for it. With decreasing demand, the utility of BTC is decreasing too..

Just sit back and wait. Anything is possible but I doubt BTC will never peak again. Remember, we're witnessing TRILLIONS of dollars pumping into circulation..

valuater

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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...

Indirectly, bitcoin has its own uniqueness compared to stocks like Nikkei, because the movement of bitcoin triggers only from speculators who are selling and buying, so as long as speculators still do that the same thing will continue to happen.

However, there is a different view this year when the movement of the exchange is too weak, but bitcoin can still be stable at the price of $6000.

I think the price of bitcoin will soar soon, because some countries are not impossible to legalize bitcoin as an alternative to keeping the price of the country's currency stable.

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Quote from: arwin100 on April 01, 2020, 03:53:17 AM

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...

Yeah right there's no big deal for that since imagine how big the calamity happening right now and provably all people are in recovering phase since most of the people are gaining back their normal life together with their crypto activity so even if bitcoin didn't reach for ATH still this is the top coin on the space and the earning potential never stops there.

Yes I think for now, just imagine what are the possible things that would happen like the mega dropped and reaching the highest rate, anything are possible. But the real good thing is that Bitcoin is unpredictable where you can watched it to gained and lost hundreds it means there is a high possibility that it could still reach it's high rates from the bottom. But for now, as this pandemic still arising no one knows what will happen in the next few months so let's just have faith and patience on this that everything will be back to normal. Wait until BTC, stabilize itself. Yes indeed our environment or this crisis did affect bitcoin hard but it should be normal to us because if you know the market you are in, you'll just be calm and waiting for a great opportunity in bitcoin.

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Quote from: oilton16 on April 01, 2020, 02:55:46 AM

???I don't want to admit it but second all time high now would be also fine

why does it matter so much? if you take advantage of price fluctuations you will have a lot of profit. Now if you are just following the path of Hold, then you will have to be patient and wait at least 2 years to see the price again reach $20,000. I believe that in 2 years we will see the price reach $20,000

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

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?

there are many investors who are buying bitcoin, if the price dropped a lot it was for the same reason that it caused other markets to fall. I believe you know that

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Quote from: jossiel on April 01, 2020, 06:38:42 AM

We will never know but like pooya mentioned it's not about the price but the development that it has for being a payment method. That would be a great day to see most of the countries start using it.

We'll just think of the price secondarily.

Never say never, but no one said it had to be "soon", it could take years, or the USD may collapse tomorrow for the inducing inflation of printing trillions of extra dollars that did not exist before.

While i understand the intent, what pooya said is silly. Bitcoin will always fluctuate, but less and less over time. It will also keep climbing, also slower over time. This is why i am sure it will eventually breach that 19.8k price, tho it might not be soon.

And no, people will not wait until bitcoin magically stabilizes (it never will) to use it. People are already using it, you just have to abandon all your Chicago school of economy misconceptions; it is easy to use a coin that doesn't lose value over time: just use what you need and keep the rest safe. No debts, no banks. Logically, prices and wages will go down too naturally as the coin gains value. Prices in a free market are never fixed, periodically contracts are renewed, etc.

Reatim

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Comparing Bitcoin to Stocks is a Foul because both are too different thing.

But if ever happens that we did not reach the High price like what we have in 2017 even we have halving season now?this is normal since there is a Pandemic now.

but i know after this the effect of Halving will be in place and we will see growth again even if some thinks it will be late compared to the past halving seasons.

Akiko

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It doesnt matter if btc will not reach his all time high. The use of btc is more important than the price as long as it has a value and still usable as payment option then its ok.

Those people waiting for ATH is those persons who only want to earn and not want to use it as normal currency that can be use any where in the world.

jossiel

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We will never know but like pooya mentioned it's not about the price but the development that it has for being a payment method. That would be a great day to see most of the countries start using it.

We'll just think of the price secondarily.

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Quote from: pooya87 on April 01, 2020, 02:51:13 AM

it would be a great day because you will finally realize that bitcoin is not defined by its price but by the utility that it provides as a decentralized payment system.

Sadly, or not, that great day will likely never arrive for most people already hopelessly fixated by price. If they haven't already understood and fallen in love with bitcoin for aforementioned reasons today, I doubt they can ever find the will to do so. That's why speculators be leaving and coming in waves.

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It's different all time high everytime Cool

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

What if BTC never reaches all time high?

Who cares?Bitcoin will remain Bitcoin even if there is no another ATH sooner.

Bitcoin has been a Symbol of Financial Freedom for more than 10 years and there is no need to rush about the Price since this is not the true meaning why this is created instead this is a currency and not a store value.

and what always made me think is a Newbie account with single post bringing issues like this?whats the intention Behind this?

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Its probably because of the trading platform today that were created for milking from the market like the BAKKT using their imaginary coins and the options trading but if the halving will really act as the catapult for the bulls, we may beat that $20k again. The coins are very limited, the supply will run out when these coins reached into the hand of the holders.

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