Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$

minime0105

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Quote from: suzanne5223 on August 05, 2022, 03:19:31 AM

Quote from: Reid on August 05, 2022, 02:35:01 AM

You just urged me to buy more. I appreciate the reverse psychology of your statement. Cheesy

There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Apart from the OP comparison not being correct, she claims Bitcoin has lost it's bullish and there's no point in holding which makes me believe she didn't understand the 4 years cycle of the Bitcoin market or she's just after the bullish market.

I knew that some people will be reasoning that cryptocurrency have breakout from the bearish and enter bullish market. Bitcoin is just coming up from the bullish, i will advice people to hold their bitcoin because bitcoin is still have a long time to rise again, i looked at the some people who think that Bitcoin has arrived to the standard price. Because i know that Bitcoin will still rise to reach 60k again. investors supposed to hold their coin

wxa7115

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Quote from: Ziskinberg on August 12, 2022, 07:06:58 PM

Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

If you are here and invested in Bitcoin last 2018-2019, certainly you will appreciate and tell that holding become the last option.
Because what we have today is not the worst-case scenario happening in crypto, the market is still healthy (just for me). But the reason why we have to hold and have to wait is that the market couldn't recover instantly, unlike what you think.

Perhaps, you can't also think that we are always in the bullish season, sometimes we got to fall...that is the meaning of volatility (up and down).

The OP is simply being irrational, if the price of bitcoin had not moved at all during that time then he may have a point when he argues that holding bitcoin has become pointless, but the only thing that you need to do to know that he is completely mistaken is to open a chart and see what happened during those years.

And you'll see that there was intense activity and the price went up and down at an amazing rate during that period of time, so anyone that during that time decided to use a dollar cost averaging strategy, bought before that time and held their coins or simply bought the dip whenever they had cash on their hands made money during that time.

Ziskinberg

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Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

If you are here and invested in Bitcoin last 2018-2019, certainly you will appreciate and tell that holding become the last option.
Because what we have today is not the worst-case scenario happening in crypto, the market is still healthy (just for me). But the reason why we have to hold and have to wait is that the market couldn't recover instantly, unlike what you think.

Perhaps, you can't also think that we are always in the bullish season, sometimes we got to fall...that is the meaning of volatility (up and down).

Baofeng

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Quote from: Smitty Werben Man Jensen on August 12, 2022, 02:27:14 PM

Bitcoin 2022 hits low at $17k, how? I think $17k is indeed a bottom,
because this month there are a lot of altcoins that recover up to 100% more,
of course this can be a good signal that hopefully $17k is indeed the bottom of the bitcoin price, but I don't know,
if bitcoin can survive above $24k then this good, if not then bears are still dominating

Well probably we have hit the bottom at $17k and now been trading above $20k for weeks now after that last lower low. I'm not sure what you mean by altcoins recovering to 100%, if that is the case then it could have been a low marketcap coins, pump and dump scheme and pure manipulation and cannot be sustain in the long run.

We have reach above $24k if I'm not mistaken, then some minor dips, and yet there is no big one. Meaning that investors are now willing to at least gamble some money on the market in order to gain and profit either short or long term.

darewaller

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Quote from: burky156 on August 10, 2022, 08:20:16 AM

Although the price of bitcoin has fallen very deep from last year's ATH level, I don't think that bitcoin has lost its bullish momentum. From the first, negative sentiments about bitcoin have often occurred, causing the price of bitcoin to plummet. But the price is always going up even the bitcoin price is currently at $23k a few months ago it fell to the $18k-$17k area. Better to hold bitcoins for now and don't panic. I'm sure we'll see the market recover in the near future and bitcoin will be bullish again.

I do agree that most of the drop was caused by three things that regular retail investors didn't intended to. First of all, it was manipulation, because there were a lot of hedge funds and billionaires like Elon who manipulated the market along with nations like China (people may have forgotten but China banned bitcoin again for a dozenth time when fall started).

Secondly it was speculation, people who are afraid of bitcoin going down who ended up selling and screaming fire, if they didn't, it wouldn't have gone down like this but since they did, they turned out to be right thanks to themselves. Last but not least, liquidation of all the long future bets, that turned bitcoin into USDT to pay for it. None because of "market decided to sell" type of reason to be fair.

Smitty Werben Man Jensen

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Bitcoin 2022 hits low at $17k, how? I think $17k is indeed a bottom,
because this month there are a lot of altcoins that recover up to 100% more,
of course this can be a good signal that hopefully $17k is indeed the bottom of the bitcoin price, but I don't know,
if bitcoin can survive above $24k then this good, if not then bears are still dominating

tygeade

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Quote from: Ararbermas on August 11, 2022, 09:40:13 AM

Quote from: Mario Yamasaki on August 11, 2022, 09:10:29 AM

Until now it can still be said that the trend every 4 years is repeated, the price of dropping more than 60% since ATH and in 2018 also drop the price of more than 60%, namely 7 months since ATH in December, but if we focus on profit then the best thing is Be patient and don't panic.

correct it's all about the profits that we can get not the situation itself aftee making ATH. infact we must be thankful that now we have another chance to buy low and soon surely we can make a good return.. Just take advantage the situation instead of complaining why this always happen after all, because indeed we such scenario we cannot make profits again and again since from the beginning.

That chance will go away soon if we do not react quicker. I mean it's obvious that people will approach this thing like it's one of the most important parts of bitcoin world but the reality is that ATH is not the important part, it's the least important part because we all believe that it will happen again.

What we should care about is the part where we know that it will go down as well and if we catch up and buy some more there then we could profit the most. People who are afraid of the situation then it's going to be a trouble and that's why I do not think that we shouldn't really consider it as a trouble and we should see it as a beneficial thing to us.

Ararbermas

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Quote from: Mario Yamasaki on August 11, 2022, 09:10:29 AM

Until now it can still be said that the trend every 4 years is repeated, the price of dropping more than 60% since ATH and in 2018 also drop the price of more than 60%, namely 7 months since ATH in December, but if we focus on profit then the best thing is Be patient and don't panic.

correct it's all about the profits that we can get not the situation itself aftee making ATH. infact we must be thankful that now we have another chance to buy low and soon surely we can make a good return.. Just take advantage the situation instead of complaining why this always happen after all, because indeed we such scenario we cannot make profits again and again since from the beginning.

Mario Yamasaki

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Until now it can still be said that the trend every 4 years is repeated, the price of dropping more than 60% since ATH and in 2018 also drop the price of more than 60%, namely 7 months since ATH in December, but if we focus on profit then the best thing is Be patient and don't panic.

tbterryboy

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Quote from: burky156 on August 10, 2022, 08:20:16 AM

Although the price of bitcoin has fallen very deep from last year's ATH level, I don't think that bitcoin has lost its bullish momentum. From the first, negative sentiments about bitcoin have often occurred, causing the price of bitcoin to plummet. But the price is always going up even the bitcoin price is currently at $23k a few months ago it fell to the $18k-$17k area. Better to hold bitcoins for now and don't panic. I'm sure we'll see the market recover in the near future and bitcoin will be bullish again.

It did really lost its bullish momentum because bears have entered and currently we are still at it. There is a slight increase but too early to feel bullish as bull traps are still around the corner. It's possible for bitcoin to recover but I think it's wrong to say that it always go up because if it is then we shouldn't be in this low.

We have experienced a long time where the price is stable or stagnant and then it also drops. For those who bought at a much higher price then they should hodl their btc's but for those who bought when btc fell off to under 20k then its fine if they can sell some. Other than selling and hodling, buying should also not be forgotten.

burky156

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Although the price of bitcoin has fallen very deep from last year's ATH level, I don't think that bitcoin has lost its bullish momentum. From the first, negative sentiments about bitcoin have often occurred, causing the price of bitcoin to plummet. But the price is always going up even the bitcoin price is currently at $23k a few months ago it fell to the $18k-$17k area. Better to hold bitcoins for now and don't panic. I'm sure we'll see the market recover in the near future and bitcoin will be bullish again.

Ayers

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Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

It feels like now continuing to hold BTC is pointless ...

pointless? what do you mean?
you should sell all your bitcoins and get out of the market asap, because if you keep holding I believe you will incur additional losses
you cannot make a profit investing without knowledge and belief in bitcoin

you want a market that only goes up and doesn't go down, you don't want to do anything and still have money, bitcoin isn't like that and it's not for you.

suzanne5223

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Quote from: SaveOurSea on August 07, 2022, 02:43:22 PM

Quote from: suzanne5223 on August 05, 2022, 03:19:31 AM

Quote from: Reid on August 05, 2022, 02:35:01 AM

You just urged me to buy more. I appreciate the reverse psychology of your statement. Cheesy

There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Apart from the OP comparison not being correct, she claims Bitcoin has lost it's bullish and there's no point in holding which makes me believe she didn't understand the 4 years cycle of the Bitcoin market or she's just after the bullish market.

if you look at the chart of Bitcoin in 2018, then you will know how much Bitcoin will fall this time,
I tried to measure it, from 2017 ATH Bitcoin fell -84% in the 2018-2019 bear market,
and in 2021 Bitcoin ATH was at $66k and so far it has fallen -74% from ATH,
of course this is a sign that the bear market is not over, and maybe Bitcoin's last drop is at $12k

Based on the historical price of the Bitcoin market during the bearish market. Bitcoin always downtrends 80%-90% of its ATH price and this is what I used to judge the bottom price of the current bear market. Besides, according to the record, the last bottom price always happens in Q4 and this is the reason why I believe people prepare some capital for this moment because it always started fast before it maintains a certain price level.

SaveOurSea

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Quote from: suzanne5223 on August 05, 2022, 03:19:31 AM

Quote from: Reid on August 05, 2022, 02:35:01 AM

You just urged me to buy more. I appreciate the reverse psychology of your statement. Cheesy

There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Apart from the OP comparison not being correct, she claims Bitcoin has lost it's bullish and there's no point in holding which makes me believe she didn't understand the 4 years cycle of the Bitcoin market or she's just after the bullish market.

if you look at the chart of Bitcoin in 2018, then you will know how much Bitcoin will fall this time,
I tried to measure it, from 2017 ATH Bitcoin fell -84% in the 2018-2019 bear market,
and in 2021 Bitcoin ATH was at $66k and so far it has fallen -74% from ATH,
of course this is a sign that the bear market is not over, and maybe Bitcoin's last drop is at $12k

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Quote from: ?? on ??

Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

I think so, the price of Bitcoin will always fluctuate there is always an opportunity to buy if we think today is the best price to sell, too long Hold is not effective at this time, it is better to sell at least 10%, I do the technique for almost 4 Moon and the results are satisfying.

I think everyone will have an analysis of what they will do, so there are those who still want to stick with what has been done not to sell it, maybe because they have no other alternative and still believe that the time will come for bullish.
but there are also minds like you pal, who make sales, but I agree that not to sell them all because it's too risky to get the best price again when you buy it.
there is always a belief that bitcoin will repeat itself and will achieve its glory even if it may take too long.

ethereumhunter

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Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Feel free to say that holding BTC is pointless because we are free to think that way. But if people still intend to hold on to their BTC, you can't force what you say on them. BTC has not lost its bullish momentum and will again in the days to come so those who are still holding their BTC today and even still buying every BTC in the market will earn decent profits in the future. Who knows if the price of BTC will increase again this year or next year but it will happen again, considering we have seen what has happened with BTC so far. I still believe BTC will rise again.

Nrcewker

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Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Different people have different opinions.
And yes different people also have different mindset.
A person like me who has been in this crypto field for more than 8 years, know the true value of Bitcoins.
Believe me I have seen couple of bear markets and also seen the all time high price of Bitcoins.
So it’s totally worth to hold the Bitcoins. These bear markets are common, often newbies like you will fear to hold their coins.
Nevertheless let’s hope for the best and respect each other’s ideologies.

Shasha80

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Quote from: Furious 7 on July 29, 2022, 04:39:18 PM

Quote from: MikeRpod on July 26, 2022, 03:23:21 PM

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...

Maybe something like this will be useful if you tell people who don't like bitcoin that they can give more derogatory alibis and they still have material for distrusting bitcoin Cheesy

But here I think you will only be considered as a joke if you say something like this because this is indeed one of the things that can be considered stupid (sorry to say this).
But I like the opinion of @a1 Hashrate LLC2022 you could say this to create panic for some newbies because you are ready to buy, Nobody knows about it lol.

Most of the members on this forum strongly believe in the future of Bitcoin and would never think holding Bitcoin is pointless. Even for people
who have known Bitcoin since 2017, seeing the current bear market is increasingly motivated to collect as much Bitcoin as possible.
Because the history of Bitcoin movement has proven that Bitcoin prices always recover, and a very profitable thing if we can hold Bitcoin
in the long term.

So if someone says Bitcoin won't be bullish anymore and holding Bitcoin is a waste of time, of course it's a big joke in my opinion. I understand
a lot of people are tired and panicked by the bear market that hasn't ended this year yet. Even though it is natural that throughout this year
there will be a bear market, especially in 2021 there has been a bullish trend, so now is the time for correction. So we have to be patient holding
Bitcoin, never give up seeing the price of Bitcoin that has not recovered until now, because it is like the crypto world works, we can not expect
profit instantly. Sometimes it takes a long time to wait for Bitcoin to recover.

suzanne5223

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Quote from: Reid on August 05, 2022, 02:35:01 AM

You just urged me to buy more. I appreciate the reverse psychology of your statement. Cheesy

There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Apart from the OP comparison not being correct, she claims Bitcoin has lost it's bullish and there's no point in holding which makes me believe she didn't understand the 4 years cycle of the Bitcoin market or she's just after the bullish market.

Reid

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You just urged me to buy more. I appreciate the reverse psychology of your statement. Cheesy

There's a bit wrong on how you look at the charts. You compared the ATH of 2017 at the bottom of 2022.
It should be December 2017 - $20k vs November 2021 - 64k.
If we want to compare what happened after 9 months of the ATH then here is the numbers.
September 2018 - $6k vs August 2022 - 23k. That should correct it. See how far the difference is if we are using that kind of comparison?

Topic: Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$ (Read 455 times)