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Topic: 2014 vs 2018 - page 2. (Read 406 times)

hero member
Activity: 3010
Merit: 794
November 18, 2018, 04:37:56 PM
#10
I've already seen lots of charts anywhere telling on past histories that do happen on bitcoins price.I agree that we are still on a good range
but people cant really easily accept on declining price, they love to see continuous growth due on being too optimistic with bitcoin.


At least its alot faster than traditional stocks if you hold them.
Stocks would be an another story and most people do knows that.
legendary
Activity: 1806
Merit: 1521
November 18, 2018, 03:33:08 PM
#9
I'm glad to see sentiment finally changing around here. Even a month or two ago, most people were in denial that we could see a bear market like 2014. This is at least a sign we could be nearing the end of the distribution phase.

After that comes the long, boring sideways. Wink

The way bitcoin currenly scales the only valid use case is storage of wealth, which looks like it has failed miserably over the last 11 months.

If you take an 11-month snapshot of price after the end of a bubble, that's always going to be the case.
member
Activity: 308
Merit: 35
November 18, 2018, 03:11:01 PM
#8
When history repeats itself, people say: I told you so!

When history doesn't repeat, people say: I told you this time it's different!

Who's right and who's wrong when everyone can simply adjust his prediction based on the changed market sentiment? I like Tim Draper because he sticks to his prediction, regardless of the sentiment.

He knows that there is no point looking at what happens in the coming months, because it's way more likely to be wrong, and looking at all the perma bulls we have seen pop up, they have been wrong time on time again.

Tim Draper knows how things work, and he knows what it is to see the price tank to the bottom while hodling tons of coins. He is one of us, not one of those who only talk like an expert but not own any coins themselves.

Draper would still be a billionaire if bitcoin went to zero, he is not one of "us" for that reason.
Bitcoin needs scaling solutions such as lightning network or next pump won't happen is my prediction. Bitcoin slow and expensive trxs were what sent bitcoin falling on it's head. The way bitcoin currenly scales the only valid use case is storage of wealth, which looks like it has failed miserably over the last 11 months.
legendary
Activity: 1526
Merit: 1179
November 18, 2018, 02:40:19 PM
#7
When history repeats itself, people say: I told you so!

When history doesn't repeat, people say: I told you this time it's different!

Who's right and who's wrong when everyone can simply adjust his prediction based on the changed market sentiment? I like Tim Draper because he sticks to his prediction, regardless of the sentiment.

He knows that there is no point looking at what happens in the coming months, because it's way more likely to be wrong, and looking at all the perma bulls we have seen pop up, they have been wrong time on time again.

Tim Draper knows how things work, and he knows what it is to see the price tank to the bottom while hodling tons of coins. He is one of us, not one of those who only talk like an expert but not own any coins themselves.
hero member
Activity: 798
Merit: 527
November 18, 2018, 12:32:47 PM
#6
The similarities have been talked for a long time and honestly there are too many similar stuff going on but I still think it is not as close to it as you think.

Yes, there was a huge drop in the price and all that but before the 2014 drop there was mt.gox which was basically the biggest exchange at the time almost like only good exchange and there was talk about how they were hacked and all that going around but as soon as it was finalized that no one would get their money back people started to realize all their money was gone and that made a huge drop in volume and interest towards bitcoin, these were the people who had hundreds of bitcoin because they got in really early and lost all their money, a total of 200 thousand bitcoins and more was lost during that time. Nothing even close to that happened this year.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
November 17, 2018, 02:55:36 AM
#5
when you look at history and compare the current market with that you should also consider the differences between the two times. for example the size of the 2014 market is nowhere near the size of the market in 2018. and that growth means things such as bear market and accumulation,... basically the transition phases don't have to take as long. not to mention that there were other reasons accompanying the downtime of 2014 which do not exist today.
jr. member
Activity: 229
Merit: 3
EndChain - Complete Logistical Solution
November 16, 2018, 08:31:20 AM
#4
I think that looking at the past is very useful to see that this has happened before. It can calm down people, at least a certain amount. Bitcoin is still dominant. I do not need proof that this is not the end for Bitcoin but I am glad it existes.
newbie
Activity: 97
Merit: 0
November 16, 2018, 08:27:29 AM
#3
Not only that, but it took how long for bitcoin to reach another all time high at that time from the $1000+ peak? A few years. The peak was at December 2013, and the new all time high took place at
May 2017 (look at chart below). It took more than 3 years for bitcoin to reach another all time high. Holding bitcoin is probably not for you if patience is an issue. Bitcoin is a huge ass waiting game.

A graph showing December 2013 to May 2017 BTC prices:
*with a crappy yellow line drawing attempting to show the part where bitcoin had the next ATH*

https://i.imgur.com/p9qadaD.png

source: https://coinmarketcap.com/currencies/bitcoin/

At least its alot faster than traditional stocks if you hold them.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
November 16, 2018, 08:12:47 AM
#2
Not only that, but it took how long for bitcoin to reach another all time high at that time from the $1000+ peak? A few years. The peak was at December 2013, and the new all time high took place at
May 2017 (look at chart below). It took more than 3 years for bitcoin to reach another all time high. Holding bitcoin is probably not for you if patience is an issue. Bitcoin is a huge ass waiting game.

A graph showing December 2013 to May 2017 BTC prices:
*with a crappy yellow line drawing attempting to show the part where bitcoin had the next ATH*



source: https://coinmarketcap.com/currencies/bitcoin/
newbie
Activity: 4
Merit: 1
November 16, 2018, 07:50:13 AM
#1
Relax!

in 2013 bitcoin was $1045 and in January 2015 bitcoin has seen $207!

We are seeing the same problem right now. Bitcoin has fallen 80 percent! just 3 years ago.

Bitcoin will rise again. It takes time to see another bull run.

Bitcoin might see $4000 and it is totally normal.

If you compare 2013 and 2017, the chart is almost the same.
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