Some people were smart 10 years ago, some were not...

[SmartGold01]

-snip-
It was quite unfortunately I didn't start then and I am not luck to have bought when it was too cheap far way back to 2015 to 2018.

2015-2018 was the time when Bitcoin started to grow, and then it was very volatile because I was in those years.
Had bought quite a lot and finally gave up when selling Bitcoin as ATH 2018 at $17k, it was already a very high price in my opinion at that time.

But looking at now, the price of $17k will never be seen again.
Regret it or not, certainly not because it was part of my journey in crypto and is a success story to date.

Exactly, the more people talk about Bitcoin, the more it makes the price of Bitcoin very expensive. The beginning of the Bitcoin price movement was around 2015. After that, with a very short time in 2021, it could reach the latest ATH and currently 2024 is also printing its newest ATH. This shows that Bitcoin has a bright future.

No one will let Bitcoin price fall to $17k. It might take really bad news to cause whales to sell Bitcoin cheaply and market conditions go haywire. Everything collapsed and it seemed like chaos like that wouldn't happen until the end of the world.

Like I do say anything is still possible in crypto space even though we think so strong that nothing can't happen to bitcoin but still negative news could hit up the market and the movement turns immediately without control, although I know that people are so relaxed that since bitcoin has spent 15+ years and nothing has altered it so make holders to have this strong belief that it has come to stay and of course bitcoin has come to stay and nothing shall make it lose its value even the government has tried their possible best to fold it up but still didn't succeed instead their targets are now channelled to centralized exchange where they could start regulating everything within their power to impose taxation on crypto traders.

[taufik123]

-snip-
No one will let Bitcoin price fall to $17k. It might take really bad news to cause whales to sell Bitcoin cheaply and market conditions go haywire. Everything collapsed and it seemed like chaos like that wouldn't happen until the end of the world.

I don't know, anything can happen in crypto in just a flash.
It could suddenly rise to $100k in the near future or even drop to a base price that was never predicted.

Bitcoin is highly volatile and influenced by many factors.
Whales will probably play with market prices and the psychology of small traders.
Now we just need to focus on adding bitcoin to get ready to hit the new ATH again.

[Dr.Bitcoin_Strange]

         -    Well, he was not wrong in his prediction, and now it is around 60 000 dollars more than one bitcoin. Maybe the woman who interviewed him today is all sorry for the prediction; she said she wished she had believed Tim Draper.

I noticed in the woman's smile that she doubted Tim Draper's prediction, and many people before didn't believe in the Bitcoin price that it could reach. But now the people who doubted bitcoin before are now tripping over how to have it.

You wouldn't really blame the woman or anyone else for not believing in TIm or those who had disbelief in the potentiality of bitcoin.
Way back then, Bitcoin was merely a relatively new technology, unlike the world had ever seen before, so it sure would've taken a lot more than just someone telling you Bitcoin had so much potential for you to believe it, I'm pretty sure even some of those who held Bitcoin at its earliest stage when it was almost worthless didn't even believe in the vision.
That's why not all early investors of Bitcoin can claim to be proud of their current holding because some sold at a relatively low price which they believed was the peak or enough profits for them.

Just imagine the cautionary tale of the man who bought 2 pizzas for over 10,000 BTC, if he had seen the vision, I'm pretty sure he wouldn't have initiated such a transaction, although this story is remembered and celebrated every year as the first bitcoin transaction in exchange for actual goods, and to some it may be a good thing to talk about,but to the person directly involved, I'm pretty sure he wouldn't be saying the same thing right now.

[dekafee79]

-snip-
No one will let Bitcoin price fall to $17k. It might take really bad news to cause whales to sell Bitcoin cheaply and market conditions go haywire. Everything collapsed and it seemed like chaos like that wouldn't happen until the end of the world.

I don't know, anything can happen in crypto in just a flash.
It could suddenly rise to $100k in the near future or even drop to a base price that was never predicted.

Bitcoin is highly volatile and influenced by many factors.
Whales will probably play with market prices and the psychology of small traders.
Now we just need to focus on adding bitcoin to get ready to hit the new ATH again.

A price of 17k seems unlikely to happen this year and next year, even though the price of bitcoin is very volatile. Whales will continue to play here and maintain the price above 55K, that's in my opinion, if it drops to $17K, it's best to prepare USD and buy as much as possible.

[Dr.Bitcoin_Strange]

-snip-
No one will let Bitcoin price fall to $17k. It might take really bad news to cause whales to sell Bitcoin cheaply and market conditions go haywire. Everything collapsed and it seemed like chaos like that wouldn't happen until the end of the world.

I don't know, anything can happen in crypto in just a flash.
It could suddenly rise to $100k in the near future or even drop to a base price that was never predicted.

Bitcoin is highly volatile and influenced by many factors.
Whales will probably play with market prices and the psychology of small traders.
Now we just need to focus on adding bitcoin to get ready to hit the new ATH again.

A price of 17k seems unlikely to happen this year and next year, even though the price of bitcoin is very volatile. Whales will continue to play here and maintain the price above 55K, that's in my opinion, if it drops to $17K, it's best to prepare USD and buy as much as possible.

There are so many predictions about Bitcoin price this year and none of it says there's a possibility of Bitcoin going even lower than 20k. So that means the possibility of Bitcoin  dropping to 17k this year is totally uncertain.

Although according to Techopedia's Bitcoin prediction for 2024, the lowest Bitcoin can go is around 38k, and they also predicted the average price to be around 60k and the highest to be around 85k.

While there's a possibility of this prediction being true, it's also important to note that cryptocurrency market is very volatile and unpredictable, so it's important to always do DYOR before making any investment or taking any financial decisions.

[taufik123]

-snip-
Although according to Techopedia's Bitcoin prediction for 2024, the lowest Bitcoin can go is around 38k, and they also predicted the average price to be around 60k and the highest to be around 85k.
-snip-

$38k is a pretty low price, but looking at the current price that breaks through the $56k price is a pretty deep drop.
Bitcoin is really under pressure to keep falling, but you must also know that after this decline occurs there will be a crazier rise so that it will reach a new ATH.

[doc]

-snip-
Although according to Techopedia's Bitcoin prediction for 2024, the lowest Bitcoin can go is around 38k, and they also predicted the average price to be around 60k and the highest to be around 85k.
-snip-

$38k is a pretty low price, but looking at the current price that breaks through the $56k price is a pretty deep drop.
Bitcoin is really under pressure to keep falling, but you must also know that after this decline occurs there will be a crazier rise so that it will reach a new ATH.

I agree with your opinion, after a sharp decline the price of bitcoin will rise and reach a new ATH, this is just a correction and maybe very deep. But it is still normal, because Bitcoin will experience a decline after the halving and will rise again and touch a new ATH. We as investors who may have experienced several 4 year cycles see that this is something that is normal, because usually whales always play with market prices.

[Lucius]

There are so many predictions about Bitcoin price this year and none of it says there's a possibility of Bitcoin going even lower than 20k. So that means the possibility of Bitcoin  dropping to 17k this year is totally uncertain.
~snip~

The fact that no one has written somewhere does not mean that it is not possible, but in the end it is all speculation, many of which are very likely malicious in order to direct the market in a certain direction. Right now the market is upset with some news that in itself is not nearly as apocalyptic, but the average BTC investor does not understand that 50 000 BTC in the market is not something that represents a problem, considering that the daily volume every day is several times higher than $3 billion how much those coins were worth at one point.

In the long run, all this means nothing except small obstacles on the way that can be easily overcome.

[Dr.Bitcoin_Strange]

There are so many predictions about Bitcoin price this year and none of it says there's a possibility of Bitcoin going even lower than 20k. So that means the possibility of Bitcoin  dropping to 17k this year is totally uncertain.
~snip~

The fact that no one has written somewhere does not mean that it is not possible, but in the end it is all speculation, many of which are very likely malicious in order to direct the market in a certain direction. Right now the market is upset with some news that in itself is not nearly as apocalyptic, but the average BTC investor does not understand that 50 000 BTC in the market is not something that represents a problem, considering that the daily volume every day is several times higher than $3 billion how much those coins were worth at one point.

In the long run, all this means nothing except small obstacles on the way that can be easily overcome.

I couldn't agree more! I think you rightly said it and your observation was quite apt. One must accept the fact that the crypto market is intrinsically unstable and vulnerable to manipulation through conducted rumors and unfounded hype. But as you rightly noted, in the bigger picture these are just barriers that slow down progress and are not actual hindrances at all.

Long-term thinking and no panic should become the guiding principle for investors, who should not be swayed by emotions and should consider investments in bitcoin as long-term investments. That is why, being quite realistic, it is crucial to keep a levelled head and stay focused and informed about possible fluctuations.

[ZAINmalik75]

Yeah I made money but I did not believe in BTC until Dec 2017.

I could have done worse but I could have done better.

There are so many possibilities and choices that a person could have made. Just like the movie dark matter where on every choice his timeline created for that choice. Same way if you have adopted BTC earlier the choices will be different. You could have done better but who knows maybe if you had adopted it earlier you could have done worse even. Some people adopt things on the basis of their guts and think that it's enough to make them trust their choices.

While some are in uncertain even if they are shown the right path by the right people they will say no it's not right. They will say I am not sure to follow this path. Choices should be made on proper and bold moves. I adopted BTC late but thank god I adopted it at last because adopting it is better than adopting it late.

[JunaidAzizi]

There are so many possibilities and choices that a person could have made. Just like the movie dark matter where on every choice his timeline created for that choice. Same way if you have adopted BTC earlier the choices will be different. You could have done better but who knows maybe if you had adopted it earlier you could have done worse even. Some people adopt things on the basis of their guts and think that it's enough to make them trust their choices.

While some are in uncertain even if they are shown the right path by the right people they will say no it's not right. They will say I am not sure to follow this path. Choices should be made on proper and bold moves. I adopted BTC late but thank god I adopted it at last because adopting it is better than adopting it late.

Human nature is rational; they can reject or accept things based on their understanding levels. If something looks suspicious, they won't go there, and if something looks good, they go there without any hesitation. For example, investing in real estate business: some will go there, and some will not. If others try their best to explain how profitable it is, but if they don't understand, they will ignore it. The same case occurs with Bitcoin. Some people understand Bitcoin and started buying it, while some people reject Bitcoin and laugh at others, saying they are wasting their money because they don't understand what Bitcoin is, how it works, and its potential to change their destiny. So, those people who bought at that time are the happiest people now.

[pieppiep]

There are so many possibilities and choices that a person could have made. Just like the movie dark matter where on every choice his timeline created for that choice. Same way if you have adopted BTC earlier the choices will be different. You could have done better but who knows maybe if you had adopted it earlier you could have done worse even. Some people adopt things on the basis of their guts and think that it's enough to make them trust their choices.

While some are in uncertain even if they are shown the right path by the right people they will say no it's not right. They will say I am not sure to follow this path. Choices should be made on proper and bold moves. I adopted BTC late but thank god I adopted it at last because adopting it is better than adopting it late.

Human nature is rational; they can reject or accept things based on their understanding levels. If something looks suspicious, they won't go there, and if something looks good, they go there without any hesitation. For example, investing in real estate business: some will go there, and some will not. If others try their best to explain how profitable it is, but if they don't understand, they will ignore it. The same case occurs with Bitcoin. Some people understand Bitcoin and started buying it, while some people reject Bitcoin and laugh at others, saying they are wasting their money because they don't understand what Bitcoin is, how it works, and its potential to change their destiny. So, those people who bought at that time are the happiest people now.

Not many people understand the benefits obtained from Bitcoin well. But for those who already understand Bitcoin price movements, it will be easy to make a profit as you say. When Bitcoin was first launched, many people underestimated its development. But when the price of Bitcoin is this expensive, more and more people are curious and get into Bitcoin, but it is too late because the current price of Bitcoin is too expensive to buy.

[NikeFit_7777]

@NikeFit_7777, why is it strange that coins from 2018 moved, even on the exchange - when we have situations where coins from 2009 and 2010 move regularly even some people though they have been lost a long time ago? I have some coins from 2014 that I have never sold, but I didn't sell them just because I didn't need it.

Whoever is the real owner can be really satisfied with the profit he can make if he realizes the sale, but I'm sure that person or maybe the company was rich even before they invested in BTC - $30 million is not a small amount of money.

Yes, I don't argue that it is possible that a person has kept accumulated btc (or other cryptocurrency, for years) - but we should not exclude the factor that it can be just a manipulator. It's not always as obvious as it may seem to you and me.

P.S. Again, I am not imposing my thoughts - just writing what I personally think. If you think otherwise = you have every right to do so. 

[Lucius]

~snip~
Long-term thinking and no panic should become the guiding principle for investors, who should not be swayed by emotions and should consider investments in bitcoin as long-term investments. That is why, being quite realistic, it is crucial to keep a levelled head and stay focused and informed about possible fluctuations.

The problem may be that the crypto market is mostly made up of people who are inexperienced and prone to panic. Such people will panic already when they see that they have "lost" 5%, and at 10% they start mass selling to protect themselves from an even bigger loss - even though the price of BTC can stabilize in a very short time.

If you ask me personally, it all sometimes looks like too many children are playing with fire, and then something has to burn, right?

[Dr.Bitcoin_Strange]

~snip~
Long-term thinking and no panic should become the guiding principle for investors, who should not be swayed by emotions and should consider investments in bitcoin as long-term investments. That is why, being quite realistic, it is crucial to keep a levelled head and stay focused and informed about possible fluctuations.

The problem may be that the crypto market is mostly made up of people who are inexperienced and prone to panic. Such people will panic already when they see that they have "lost" 5%, and at 10% they start mass selling to protect themselves from an even bigger loss - even though the price of BTC can stabilize in a very short time.

If you ask me personally, it all sometimes looks like too many children are playing with fire, and then something has to burn, right?

Sometimes your can't really blame these inexperienced and naive children for their actions and reactions towards market fluctuations.
Some/most of these people delve into the crypto space without first doing their deligence and also due to misinformation and being misguided by the sources from which they gained their informations.

Some of them were told that Bitcoin investment were all bed of roses and a safe haven where investors can come to and make maximum profits without losses. While this is half-truth, they fail to realize that only those who persevere are able to reap from these underlying benefits in Bitcoin investment.

There are rules, techniques, dos and don'ts one needs to adhere and observe and adults to do that would incur unimaginable losses. Most of these inexperienced investors or should I say gamblers are only considering Bitcoin for its short-term gains, and so when there are short-term fluctuations, they panic and end up taking drastic actions that'll end up affecting their investments.