why do people continue to make comparisons with the past? if we assume that everything is as in the past, then we are programmed robot to do the same things. I see a very different scenario from the past... Our biggest obstacle is the regulations and the lack of clear regulations on bitcoin.
Because it is the only thing we can do. We cannot compare the future since it is yet to happen. And the recent event is just happening and you cannot compare one self to itself. Looking back at the history or past make us learn something and diversify things to survive in the coming days. This is called adaption. We learned to adapt by learning things that happen our way. And we learn it through looking at this experience or data that is written at the past.
I do not know if we will ever see the price reach $50,000 to $200,000, but I believe that buying now and Hold is a good idea because the price may increase a lot in the next years
It is always good to be optimistic it gives hope. I am with you in this, since I believe, Bitcoin with its finite supply, halving rewards and people adopting cryptocurrency, there will be more demand with less supply in the coming year thus making Bitcoin price to go up.