Post
Topic
Board Speculation
Re: Bitcoin might never reach it's ATH anymore
by
romero121
on 11/10/2020, 02:48:21 UTC
Currently, many people bought bitcoins at a very low price during the bitcoin downtrend of 2018, and many have bought bitcoin before. Bitcoin price increases, you have to perform profit-taking to ensure profit, before reaching 20k bitcoin will have to pass different prices. Everyone's mindset is to make more profits than buying, but Bitcoin can still hit the new ATH threshold because the future is unknown.

we will never know if the coming trend is going to be high or down, it depends on a lot of factors
hopefully, it is going to be a high trend and we will all gain profits Smiley be optimistic
I am positive that we will hit the All-Time-high in the coming year because of a few reasons I am listing below

The pandemic is not towards the sunset and economies are recovering so as BTC held high even during these tough times when everyone was selling their coins we should expect only growth when pandemic is gone.
The economy recover when everything is allowed to function without restriction. In an year or two the vaccine will be developed. Upon that we can't relate the growth of bitcoin to happen relative to the pandemic.

There has been a significant importance of the crypto market because of the blockchain technology and more people are getting into it with time.
Slowly the blockchain technology gained its importance in all sectors. With time the blockchain technology is getting widespread. This will surely create positive growth over cryptocurrencies in larger scale and generate more job opportunity.
There is the DeFi thing that is still in its baby steps and might carry the crypto market alone.
DEFI is in its infancy, when things go advanced there'll be better things. As of now it is a big thing to the cryptocurrency market.
Let us be positive and what bitcoin has for us in future is not something even satoshi would predict cause the nature of the bitcoins being decentralized.
The decentralized operation of the bitcoin is truly the value generating system in accordance to the demand to supply availability. If this has been under any central authority now this could've been destroyed out of hard manipulation. Hope the system stays decentralized even with the entry of the big corporates of the globe.