Post
Topic
Board Bitcoin Discussion
Re: What if Bitcoin never reaches a new ATH?
by
southafricadude
on 28/12/2019, 06:10:20 UTC
These are the same concerns that people have every few years with bitcoin. At the end of the day, just give it time. The odds are in favour that a new ATH will be reached within 2 to 3 years. The halving combined with the increased demand, and fomo of new users will mean the price will go up, overshoot its realistic price, and turn into a bubble and reach a new ATH.

At the moment, a news story can have the effect of the price jumping overnight....people are easily influenced. Just like before, when the price starts going up fast, there are more and more news stories about it. Everyone starts getting excited and fomo buy in, and the bubble starts to build up speed. It becomes a mania, and the price goes up 'too fast', and that means more news, and more buyers etc. until the bubble bursts.

Just make sure that you have your limit orders set with trailing stop, so that you can ride the price up, and sell near the top. My 'guestimate' is that the price will pump to around $150k before dumping down to around $45k where it will range again for the next couple of years before the next cycle.