Quote from: GideonGono on August 14, 2020, 07:51:22 PM

We couldn't be so sure about it I mean just look at what price it is right now we only need less than $9k to reach the ATH.
And nobody expects it to reach it's current ATH back then nobody knows how much this crypto could worth in the future so I wouldn't say that we might never reach it's ATH anymore,
Because we have been seeing a good climb ever since it fall down to $4k or $6K if I am not mistaken.

we can't be 100% sure if it is going to reach ATH or not, but by analyzing what happened back then and comparing it to current events, we are in 2020 have much more projects based on the blockchain, more exchanges, more integration, more market cap.

but, the main reason that BTC have reached this ATH back then was the trend, everyone was speaking about it and almost everyone thought about buying some (for no reason just to sell it and earn) this gives a false value to the coin because the people who are holding it are willing to sell massively in huge numbers once they feel danger.

and this is what happened, they sold when they felt danger, and you see how bad was the drop.

will this be repeated?
according to my expectations, I don't think so. the whole world already knows about BTC and a lot of people learned that it is risky and not all the time going up as gold because simply there is no value in the BTC it is just being used for holding virtual money to donate, supply or fund projects and other coins, but it is not having a problem to solve anymore, it was the best, oldest and first solution. but now Altcoins are taking charge