Are we repeating the 2014 BTC crash??? - page 11.

ingiltere

legendary

Activity: 2982

Merit: 1485

Quote from: debuni on March 07, 2018, 12:41:33 PM

Stop with those charts. Bitcoin is not FOREX.

Current situation situation have nothing in common with 2014. You can't compare 2014 market cap with the current nearly half a trillion market. Dips like this is completely normal for crypto's.

Actually all these pumps have similar patterns. OP has a point.
Luckily we are experienced so we exit from the top. Most of the people complain in forums are newbies. Experienced investors knew the risks and managed it well. Don't expect a trillion dollar marketcap value overnight.

EastSound

sr. member

Activity: 1377

Merit: 268

Quote from: Poink on March 07, 2018, 12:33:31 PM

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash. The chart similarity is eerie. Shocked

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

if ever it comes to that again then this is the right time to invest in bitcoin rather than sell all the investment we have and loss a huge profit in the next years to come .

okissabam

sr. member

Activity: 700

Merit: 250

I hope it won’t crash, I have hold a few of my bitcoins for long term and I am not expecting it to crash down below $6k. It would be like going from the start when I started out trading. The reason why it is decreasing is because of the FUD about a certain exchange site, but hopefully it’ll recover again and tries to slowly go back up.

Pulsar1x

newbie

Activity: 36

Merit: 0

Back then it BTC crashed around 97% This is not the same even I wouldn't mind getting some cheap coins. The market is bigger and that kind of hit would need a serious action. Every decade we could see some very big crashes, but I think this is too early to see it this year.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Quote from: Poink on March 07, 2018, 12:33:31 PM

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash. The chart similarity is eerie. Shocked

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

Given that sec is trying to regulate exchange and there is vast amount of interest in bitcoin, we are in much better position than we were in 2014. Chart may look similar but you have to look at other things too which are much more important.

Dertcoin

jr. member

Activity: 39

Merit: 1

Quote from: Alanin on March 07, 2018, 03:28:45 PM

Quote from: Dertcoin on March 07, 2018, 12:46:04 PM

The truth is, bitcoin goes up and down every 2 months. It could go all the way down to zero just to climb back up to 15k in a matter of 69 days.

It could not go to zero no...

Of course it can. Why not?

But in all honesty,, I thought this dip would be a temporary thing... But now I'm thinking this is another "heading for 6k then moon" thing.

I honestly never thought it would reach 9.8k... thought we would've bounced back from 10.4k into moon.

quotextecome

newbie

Activity: 6

Merit: 0

I do not think we will return because the blockchain has improved

robynmario

newbie

Activity: 168

Merit: 0

Quote from: Poink on March 07, 2018, 12:33:31 PM

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash. The chart similarity is eerie. Shocked

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

Yes, I have a look. There are surprising coincidences. However, the past and present are two different periods of user community as well as the bitcoin mass discovered. The market is very different. I do not believe history repeats. I will forget about Bloomberg statistics Angry

sirenmoon

member

Activity: 121

Merit: 13

Quote from: Dertcoin on March 07, 2018, 12:46:04 PM

The truth is, bitcoin goes up and down every 2 months. It could go all the way down to zero just to climb back up to 15k in a matter of 69 days.

Bitcoin is volatile and every correction phase acts on its own terms. I agree with your statement. Bitcoin can fall fast and climb fast. We have seen its potential last year and we all expect even more from it. Investors base is high, demand is high, usage is high; there is no reason for the Bitcoin to drown. Patience is the key in such phases. People often panic; It can be seen every day. Bitcoin has gain reputability through the years and even the situation with the Tether was fastly resolved. There is no reason to panic because all market is red. It is better for all of us to do investment right now based on our financial capabilities.

clartedscunner

member

Activity: 159

Merit: 10

Interesting but those are "just lines"

Johnny134

newbie

Activity: 14

Merit: 0

A lot of people would be really happy for some sort of crash so they could get in on btc cheap. If it does crash , have your fiat ready to buy some more!

bandar

sr. member

Activity: 686

Merit: 251

Wgy do people look at the last month or 3 only?? Look at the graphs starting last summer. Bitcoin went down to 1,8k and it rose up to 20k. Hawe we forgotten how steep that rise is? What would you expect? More rise? x10? It's not because 90% of the people on this forum bought in at >5k and probably 50% at more than 10k that this situation is bad or a disaster. It's STILL way way up and so are eth and all the alts. Do not forget we are still very high. Of course it can go down way more, what would you expect?

As always, if you can't stand the heat, stay out of the kitchen...

Jeff-reY

jr. member

Activity: 54

Merit: 3

Quote from: 3DBrushes on March 07, 2018, 03:25:21 PM

Nobody knows exactly for sure.
2014 crash was because of Mt.Gox hack and some kind of China FUD. At that time China was a massive player in the cryptocurrency space. Hack consisted of nearly quarter + bitcoins in circulating at that time so it was really a massive one.

This is why the market is bleeding right now.

1. Mt.Gox dumping around 400mil in BTC in 2 months
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/?utm_content=buffer219f0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

2. The Japanese Exchanges are under fire
https://www.reuters.com/article/us-crypto-currencies-japan/japan-to-punish-several-cryptocurrency-exchanges-sources-idUSKCN1GJ1AE

3. Sec release statement
https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading?utm_content=buffer400eb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

4. Binance hack rumor
https://www.coindesk.com/funds-safe-binance-denies-crypto-hack-rumors/

Poink

full member

Activity: 350

Merit: 122

Quote from: JCLee on March 07, 2018, 03:53:49 PM

I don't really care if Bitcoin will crash the same as it was in 2014 cause after the crash in 2014, Bitcoin is still alive until now and it's still the king of crypto world so I think if Bitcoin is going to crash this year, it'll come back with a new ATH price soon cause at the moment everything is different with 2014 so don't compare Bitcoin in 2018 with Bitcoin in 2014, it's not the same anymore.

As I said earlier, it matters to me since I am buying in. If it will fall, I'd rather buy the dip. Wouldn't you?

Poink

full member

Activity: 350

Merit: 122

Quote from: imperatron on March 07, 2018, 03:49:33 PM

Dudes, just relax guys. This is not the end of crypto... We are just in a dip and bitcoin is in a healthy correction and it will recover sooner or later. It is a bad time to sell your coins, so hold!

WHO talked about end of Crypto? Only you mentioned it.

JCLee

full member

Activity: 280

Merit: 100

I don't really care if Bitcoin will crash the same as it was in 2014 cause after the crash in 2014, Bitcoin is still alive until now and it's still the king of crypto world so I think if Bitcoin is going to crash this year, it'll come back with a new ATH price soon cause at the moment everything is different with 2014 so don't compare Bitcoin in 2018 with Bitcoin in 2014, it's not the same anymore.

imperatron

sr. member

Activity: 459

Merit: 250

Dudes, just relax guys. This is not the end of crypto... We are just in a dip and bitcoin is in a healthy correction and it will recover sooner or later. It is a bad time to sell your coins, so hold!

go4crypto

sr. member

Activity: 798

Merit: 263

Not easy to know and compare that time-period but present BTC correction seems mostly over.

Poink

full member

Activity: 350

Merit: 122

Quote from: babygun on March 07, 2018, 03:27:54 PM

These new topics keep popping up, displaying new charts and graphs with analysis, and all are meaningless.
Price of bitcoin is very volatile, right now price is going down now and maybe tomorrow it will go up again.

I agree but for them to match over 8 months... yes 8 MONTHS or so, it is hard to ignore.

altcointalk14

sr. member

Activity: 751

Merit: 253

Quote from: debuni on March 07, 2018, 12:41:33 PM

Stop with those charts. Bitcoin is not FOREX.

Current situation situation have nothing in common with 2014. You can't compare 2014 market cap with the current nearly half a trillion market. Dips like this is completely normal for crypto's.

Yes, it is true. In last 4 years bitcoin and all cryptocurrency was really change. You can not compare this two moments because now these situactions are normal

Topic: Are we repeating the 2014 BTC crash??? - page 11. (Read 14571 times)