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...
Topic: Are we repeating the 2014 BTC crash??? - page 12. (Read 14603 times)
It could not go to zero no...
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.
Price of bitcoin is very volatile, right now price is going down now and maybe tomorrow it will go up again.
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.
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.
I don't think that what has happened in 2014, would repeat in future. Because Bitcoin is more popular than it was in 2014. At present, a lot of investors are supporting bitcoin, so the price wouldn't crash.
I think if you think BTC will repeat 2014 crash then I will advice you sell all your BTC, 2014, BTC went from $1000 to $200 that is 80% loss of the value from the ATH, the BTC ATH was $20k and the current price is $10k, that is 50% from the ATH. So people should make their own decision on these figures
I am an altcoin guy so I hold very little BTC...which I did use yesterday to buy alts that dropped in price.
...in a way, I already did what you suggested.
I buy BTC so I can buy alts.
I think if you think BTC will repeat 2014 crash then I will advice you sell all your BTC, 2014, BTC went from $1000 to $200 that is 80% loss of the value from the ATH, the BTC ATH was $20k and the current price is $10k, that is 50% from the ATH. So people should make their own decision on these figures
There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.
My point is...everything up to this minute seem to match...including that breakout you are talking about.
Again, I am also praying current trend breaks away from the 2014 trend.
It does matter to me since I plan on buying BTC. I hate FUD and this post is not geared towards that. It is cautionary and last I checked, historical fact does not fall under FUD. This 5 month match is just too much for me to ignore and might smack myself if BTC price does fall shortly.
It does look quite similar. It wouldn't be too unreasonable to suggest that we may be in for a 2-year long bear market.
All of a sudden there is massive fud and negativity again and the market is suffering, mostly it is fake manipulation like exchange hack, china ban etc all of them seem to be same old method to create panic.
so you believe that there is a plot to push people to panic and sell their bitcoin at a low price, every thing is possible anyway 
There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.
My point is...everything up to this minute seem to match...including that breakout you are talking about.
Again, I am also praying current trend breaks away from the 2014 trend.
it is fascinating to compare the German and the English community, here in the English area is written so much negative, every day a new thread is opened in which the doom is prophesied ... Quite different from the German part ... real facts and informative is discussed .. about technology and so on ... almost everyone thinks positively, although the people have become a little more cautious but still it is more pleasant to talk there
All of a sudden there is massive fud and negativity again and the market is suffering, mostly it is fake manipulation like exchange hack, china ban etc all of them seem to be same old method to create panic.
There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.
My point is...everything up to this minute seem to match...including that breakout you are talking about.
Again, I am also praying current trend breaks away from the 2014 trend.
Friends, I really appreciate your opinion. What do you think today's situation in the cryptocurrency market can mean? Just a month and a half ago, the total capitalization was $ 1 trillion. What is happening?
There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.
Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash. The chart similarity is eerie. 
https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4
I hope and pray we break away from it though.
https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4
I hope and pray we break away from it though.
Shit thread share the negativity about the bitcoin. In 2014 very few people only invested on cryptocurrencies. There is no ICOs at that time. I do not understand from which planet from you guys are coming.
You know that this kind of news great bad impact but you written like you are pray for good deed happen in future.
If possible lock this thread and do not create any fake news thread more.
OTHERS DO NOT BUMP THESE OF SPAMYARD THREADS.
Guess what? You just did. LOL
If history can help us AVOID same mistake... why not learn from it?
Watching BTC dip down to $9,450 at GDAX right now...
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.
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.
I agree with you, there is lots of differencr between 2014 and today. It can crash now but rise can happen in a shorter time compated to 2014 crash
Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash. The chart similarity is eerie.
https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4
I hope and pray we break away from it though.
https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4
I hope and pray we break away from it though.
Shit thread share the negativity about the bitcoin. In 2014 very few people only invested on cryptocurrencies. There is no ICOs at that time. I do not understand from which planet from you guys are coming.
You know that this kind of news great bad impact but you written like you are pray for good deed happen in future.
If possible lock this thread and do not create any fake news thread more.
OTHERS DO NOT BUMP THESE OF SPAMYARD THREADS.
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.
But the last 2, although the price has gone down the dominance has gone up. I don't know about you guys but that seems like a bullish sign to me, last time that happened Bitcoin casually mooned up to about 20k 
. Practice some patience, the markets will move in due time. 
Oh that would be lovely if it happened, because more than two years later, Bitcoin reached the old ATH and all hell broke loose with almost 20x gain. If it crashes now, I would just be getting more Bitcoins. And patiently wait for 2021 to reach old 20k ATH and who knows, 100k?
Bitcoin does not repeat itself, it just follow similar patterns. If anyone knew for sure, then we would not have winners and losers, would we?
Bitcoin does not repeat itself, it just follow similar patterns. If anyone knew for sure, then we would not have winners and losers, would we?
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