What if BTC never reaches all time high? - page 8.

arwin100

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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...

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.

TheNewAnon135246

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Bitcoin will still be Bitcoin, regardless of its price in fiat.

NeuroticFish

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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...

mk4

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I heavily doubt bitcoin wouldn't reach it's previous ATH; it's mostly just a matter of when. But if not, let's say it's been a hundred years and bitcoin still didn't go back to $19,800+, then fine. As long as Bitcoin remains a decentralized currency, I don't see the problem.

Also, why are we even comparing bitcoin to stocks?

barto123

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Bitcoin should never be put in the same category as stocks. Stocks are an IOU that you own a share in a company. Bitcoin is like having something physically valuable in digital form, which can be easily divided then transacted or traded.

In my mind Bitcoin's price is either going to moon like crazy and eventually become the global reserve currency & digital gold or die a horrible death. You could say the risk of the investment is binary (1 or 0).

In a Bitcoiner's eyes, the chance of it succeeding far outweighs it's death. Bitcoin has been designed to be extremely robust on the internet (Distributed, Decentralized, Neutral, Censorship resistant etc). It has an 11 year track record of being extremely bullish. It's overall growth of development, infrastructure, adoption etc is not slowing down.

I personally think after you've done a certain amount of research, your decision will become very easy to make.
You will eventually come to the conclusion of BUY, HODL & continue to stack sats (DCA - Dollar cost averaging).

Short term price movements are a distraction to shake you out.

Meowth05

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It could be a coincidence, NK225 is a Japanese stock so maybe there must a reason that it didn't reach is that there must a timeframe that is so long that we may not reach because we don't have the patience. Bitcoin on the other hand is more currency sided which means that its price will surely skyrocket but not that much and we also have to wait for it.

oilton16

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

pooya87

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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.

JustFFFgame

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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)

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