Bitcoin 2018 vs 2022 - page 2. | Bitcointalksearch.org

TravelMug

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Quote from: Semar Mesem on June 15, 2022, 11:32:22 PM

It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

There are definitely some similarities, but I wouldn't say that it was the same pattern. But then again, we will have to look as well regarding the factors affecting the market crash. I can't recall what's the world economy that time in 2018 maybe we are in a recession, but definitely there was no pandemic and no war. And maybe this is a big influence to what will be the lowest price that we will see this year or in this bear market Could be lower that what the OP has predicted or just about right and it will be validated.

Semar Mesem

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It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

ImThour

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Idea got well executed. Price reached $20,830. Wink

Sir Legend

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If we the history, there are many similarities between 2018 and 2022, many analysts believe that the 2018 trend will repeat itself in 2022 when the ATH occurred in december 2017 was around $19k but in 2018 it dropped to below $7000 or more than 50%, when it's happening the same thing i.e. ATH for the month of november 2021 is over $68k and the current price is around $29k or a drop of more than 50%.

Silberman

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Quote from: Quidat on May 14, 2022, 05:43:08 PM

Quote from: Silberman on May 14, 2022, 11:42:01 AM

It seems that at least for now the downtrend has stabilized, however bitcoin is having problems going above the 30k level, before 30k was a support level and now it has become a resistance level, lets see if the bulls can increase their demand and make bitcoin to surpass that level as it is critical, if bitcoin remains below it for long this may cause yet another important drop in its price, which will bring yet another round of FUD and crash the markets again.

Im not really that confident when it comes to stabilization because anything or everything could really happen which would really be resulting into impulsive kind of selling or buying decisions.
Its not something new and been common and comparing out into those years between in the market then you couldnt really be sure if there would be some sort of pattern or not.
Everything is unpredictable and cant be known thats why its up to someones decisions and awareness on how they would really be making action.

You are right when you say that there is not any assurance that we are not going to see a massive drop like that again, however I think it was caused mostly by Terra Luna, now that things are clear the chances this will happen are lowered, also now many weak hands have sold their coins already and their coins are in stronger hands now, something that aid us as those people are not going to sell their coins so easily, with this in mind I think the chances the price goes down even further are reduced but they are not zero.

peter0425

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Quote from: ImThour on May 08, 2022, 06:37:14 AM

Bitcoin 2018 vs 2022:

its almost there , we are now at 30% drop and seeing the market there might be more to come and if that happens then your prediction might be what we are waiting before buying it again.
so lets call this a waiting time and things will come in the right time .

I want to see this happening lower than what expected at least 50% fall? that will be a largest discount for me as I have a ready funds to buy more from that dumping stage.

suzanne5223

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Quote from: lornadane on May 14, 2022, 12:48:02 AM

I don't know when this decline will end so that the chaotic situation disappears.
This situation makes us frustrated and crazy as if everything has been lost.
Many big investors end their lives because they are not mentally strong enough.

The current situation of the crypto market will only make naive crypto investors frustrated and crazy because the market always experience this situation after the ATH market. Besides, you ought to look into the evidence provided by the OP and this is what I always told some people that believe the Bitcoin market to receive a $100K price when the next step is a market correction.

Quidat

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Quote from: Silberman on May 14, 2022, 11:42:01 AM

Quote from: RealMalatesta on May 13, 2022, 02:14:29 PM

Quote from: danherbias07 on May 13, 2022, 08:04:56 AM

Found this somewhere that compared the same year fluctuations, this is just better with graphs. Yes, the dump may not be over. The first wave upwards will be the investors who are waiting for their moment, maybe new ones who feel like this is it and purchased in a rush.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.

I believe that what we are seeing right now would probably be something that will happen only once in a while and not that frequently, so another fall is unlikely. I am not saying that it can't go lower, it can but it wouldn't be this harsh anymore, it will be a lot less, like maybe 10-20% more but that's about it.

The trick is that when we start to go back up, it would be hard to calculate when it will stop, and that's not going to be easy, I personally do not know when it will start to go back up, but I know it will, yet I have zero clue about when it will start to go back down again after it goes up. If you know that, you are going to profit from the future.

It seems that at least for now the downtrend has stabilized, however bitcoin is having problems going above the 30k level, before 30k was a support level and now it has become a resistance level, lets see if the bulls can increase their demand and make bitcoin to surpass that level as it is critical, if bitcoin remains below it for long this may cause yet another important drop in its price, which will bring yet another round of FUD and crash the markets again.

Im not really that confident when it comes to stabilization because anything or everything could really happen which would really be resulting into impulsive kind of selling or buying decisions.
Its not something new and been common and comparing out into those years between in the market then you couldnt really be sure if there would be some sort of pattern or not.
Everything is unpredictable and cant be known thats why its up to someones decisions and awareness on how they would really be making action.

eaLiTy

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Quote from: lornadane on May 14, 2022, 12:48:02 AM

I don't know when this decline will end so that the chaotic situation disappears.
This situation makes us frustrated and crazy as if everything has been lost.
Many big investors end their lives because they are not mentally strong enough.

This will be a conundrum that we will be facing because at the moment the cryptocurrency market reacts to other global financial markets and now we are in a situation where inflation is looming and everyone is expecting a financial crisis we cannot expect and invest in the cryptocurrency space thinking it would be a safe heaven apart from the fiat world. So it is a tricky situation and i am expecting it would take a long time to recover. Safe bet is always having the patience till the next halving Wink

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Shasha80

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Quote from: TheGreatPython on May 14, 2022, 02:08:10 PM

Quote from: Sebas.tian on May 13, 2022, 05:08:04 AM

The decreased of bitcoin has caused a lot of panic to those sellers who are planning to sell their bitcoin in this month of May to improve their businesses and other things in the community. I think, it will be difficult for bitcoin price to hit $100,000 this year 2022, because the price has dropped to $27,000 that made many people to hold their coins not to experience losses from the market. I believe the price of bitcoin will not decrease more than $27,000 because the price is preparing to move back to $45,000 before the end of this month to allow people to recover from their losses they experienced from the market early this year.

What's with this month and why they picked up may? Is this a lucky year for building and improving a business and communities? I think they are new in investing because old investors don't have a specific month for selling but the month of may haven't ended yet, we are almost half way. They should have waited first before they sell.

To me, if there are a good month for selling, that will be November or December because this is usually the time where the price of btc rises. The price is so low and it makes us think that btc cant reach 100k anymore but we shouldn't think like that. Let us not forget that btc loves to make surprises.

No one knows why there must be a very drastic decline this month, we certainly don't panic with the current market crash. Because Bitcoin
has experienced a very deep decline in 2018, so for those who have experienced what happened in 2018, dealing with what happens in 2022 is easier.
In fact, I am still optimistic that the decline that occurred this month will not last long. I predict at the beginning of next month Bitcoin's performance
will slowly recover and finally at the end of this year at least Bitcoin can pump back to the price of $50k-$60k.

As you said usually in November and December Bitcoin performance often increases, and if we want to sell Bitcoin it is better at the end of the year
when the price is high. Selling Bitcoin right now just out of panic, will make us regret. So my advice is to be more patient as long as the market is
still in a bearish trend, because as long as we don't sell the Bitcoin that we have when the price is low, then we haven't experienced a loss.
I also agree that Bitcoin always surprises us, so we have to believe in the bright future of Bitcoin.

Emitdama

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Quote from: speedy963 on May 12, 2022, 09:26:07 AM

Great chart. Although not completely disregarding the possibility, I honestly thought a few weeks ago that it was quite impossible to get near let alone go below 35k but it did and just went lower and lower. Right now we are at 28k and about to go to lower again at 27k+. A couple of hours ago, we went as low as 26k+. This sell pressure is quite worrisome and as much as I hate it, your prediction may really happen. I just hope that when it does, a bounce will also follow to signal another bull run and not just another long term back and forth movements on several price ranges.

You were right about thinking it wouldn't happen, not because it is impossible but because we were talking about something expected vs what the reality brought which was unexpected and shocking thing. When something this big happens, it is normal to be unexpecting of such a thing. This is what crypto teaches us, even when everything shows one direction, we could go towards other direction if something unexpected happens.

Nobody expected Elon to write tweets about doge and take it from 3 cents to 71 cent neither, and yet that happened. If we accept that a good possibility could happen, then we need to realize that the bad one could happen as well.

TheGreatPython

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Quote from: Sebas.tian on May 13, 2022, 05:08:04 AM

The decreased of bitcoin has caused a lot of panic to those sellers who are planning to sell their bitcoin in this month of May to improve their businesses and other things in the community. I think, it will be difficult for bitcoin price to hit $100,000 this year 2022, because the price has dropped to $27,000 that made many people to hold their coins not to experience losses from the market. I believe the price of bitcoin will not decrease more than $27,000 because the price is preparing to move back to $45,000 before the end of this month to allow people to recover from their losses they experienced from the market early this year.

What's with this month and why they picked up may? Is this a lucky year for building and improving a business and communities? I think they are new in investing because old investors don't have a specific month for selling but the month of may haven't ended yet, we are almost half way. They should have waited first before they sell.

To me, if there are a good month for selling, that will be November or December because this is usually the time where the price of btc rises. The price is so low and it makes us think that btc cant reach 100k anymore but we shouldn't think like that. Let us not forget that btc loves to make surprises.

Silberman

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Quote from: RealMalatesta on May 13, 2022, 02:14:29 PM

Quote from: danherbias07 on May 13, 2022, 08:04:56 AM

Found this somewhere that compared the same year fluctuations, this is just better with graphs. Yes, the dump may not be over. The first wave upwards will be the investors who are waiting for their moment, maybe new ones who feel like this is it and purchased in a rush.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.

I believe that what we are seeing right now would probably be something that will happen only once in a while and not that frequently, so another fall is unlikely. I am not saying that it can't go lower, it can but it wouldn't be this harsh anymore, it will be a lot less, like maybe 10-20% more but that's about it.

The trick is that when we start to go back up, it would be hard to calculate when it will stop, and that's not going to be easy, I personally do not know when it will start to go back up, but I know it will, yet I have zero clue about when it will start to go back down again after it goes up. If you know that, you are going to profit from the future.

It seems that at least for now the downtrend has stabilized, however bitcoin is having problems going above the 30k level, before 30k was a support level and now it has become a resistance level, lets see if the bulls can increase their demand and make bitcoin to surpass that level as it is critical, if bitcoin remains below it for long this may cause yet another important drop in its price, which will bring yet another round of FUD and crash the markets again.

tabas

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Quote from: gantez on May 13, 2022, 06:30:46 PM

I think panic buying is also coming in on the current situation of the market and that causing the large dropped of lately.

There's always a panic, whether it'd be buying or selling when times like this comes.

Quote from: gantez on May 13, 2022, 06:30:46 PM

Bitcoin always drop this way gradually when it starts to fall and more weak hand fear and panic to sell . This is making that the price of bitcoin losing a high percentage when it fall .

And when this comes, everyone must have understood that it won't be back to the high price yet. It will require another a lot of time before we see those ATHs that we've used to see before. It's going to be another round of waiting and this is where the good time to be far from charts if you're a holder that's starting to feel panic.

Marvell1

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Quote from: Sebas.tian on May 13, 2022, 05:08:04 AM

Quote

Bitcoin has dropped to $27k and has even touched $24k on Binance, of course this is a pain,
but the OP has provided very helpful information, and I thank you, we can see $20k will be Bitcoin's strongest support and we everyone hopes that,
but indeed if you want to take the risk, don't forget to put the stop loss and stay calm

The decreased of bitcoin has caused a lot of panic to those sellers who are planning to sell their bitcoin in this month of May to improve their businesses and other things in the community. I think, it will be difficult for bitcoin price to hit $100,000 this year 2022, because the price has dropped to $27,000 that made many people to hold their coins not to experience losses from the market. I believe the price of bitcoin will not decrease more than $27,000 because the price is preparing to move back to $45,000 before the end of this month to allow people to recover from their losses they experienced from the market early this year.

Currently, bitcoin is trading at $28.8k we have 15 days to the end of May and the distance from 28 to 27 is only 1 or 2 units apart.
I think bitcoin will most likely happen again even under $25k before it can bounce back. We definitely can't see $100k ATH this year. The market will continue to turn for the worse this year with upcoming Fed rate hikes, this year is a bear year only suitable for holding and accumulating rather than waiting for a bull season.

speedy963

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Quote from: lornadane on May 14, 2022, 12:48:02 AM

I don't know when this decline will end so that the chaotic situation disappears.
This situation makes us frustrated and crazy as if everything has been lost.
Many big investors end their lives because they are not mentally strong enough.

Indeed it does. Not just big investors but also the small ones that invested more than they can afford to lose. Although the warning "only invest money you can afford to lose" is always present and can easily be seen several times in this industry, some people just won't listen and still want to gamble with their money on crypto instead of being patient and more cautious. What's worse is that people does this mostly on meme coins or shitcoins just because of witnessing some hype or some random influencer shilling it. A tough and expensive price to pay for a valuable lesson in life. I just hope they do not end up giving up and actually ending their lives. As long as there is breath, there is hope.

lornadane

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Quote from: gantez on May 13, 2022, 06:30:46 PM

Quote from: Yamifoud on May 13, 2022, 03:56:32 PM

Panic selling is the cause of the last 2018 huge drop and yes, I'd never see this activity which helps to keep the price still high.

I think panic buying is also coming in on the current situation of the market and that causing the large dropped of lately. Bitcoin always drop this way gradually when it starts to fall and more weak hand fear and panic to sell . This is making that the price of bitcoin losing a high percentage when it fall .

I don't know when this decline will end so that the chaotic situation disappears.
This situation makes us frustrated and crazy as if everything has been lost.
Many big investors end their lives because they are not mentally strong enough.

ultrloa

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Quote from: gantez on May 13, 2022, 06:30:46 PM

Quote from: Yamifoud on May 13, 2022, 03:56:32 PM

Panic selling is the cause of the last 2018 huge drop and yes, I'd never see this activity which helps to keep the price still high.

I think panic buying is also coming in on the current situation of the market and that causing the large dropped of lately. Bitcoin always drop this way gradually when it starts to fall and more weak hand fear and panic to sell . This is making that the price of bitcoin losing a high percentage when it fall .

I'm not surprised to see this scenario since in fact once there's a drop happen many newbie people think about the bearish times happen and they start to sell off. But what most important thing we need to see on how whales react on every market condition since from there we can actually picture out what will be the outcome in the day. Always see the news since this will help traders to know the market sentiments.

gantez

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Quote from: Yamifoud on May 13, 2022, 03:56:32 PM

Panic selling is the cause of the last 2018 huge drop and yes, I'd never see this activity which helps to keep the price still high.

I think panic buying is also coming in on the current situation of the market and that causing the large dropped of lately. Bitcoin always drop this way gradually when it starts to fall and more weak hand fear and panic to sell . This is making that the price of bitcoin losing a high percentage when it fall .

Yamifoud

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I didn't see the market will turn like in 2018, not anymore for I know that people had already changed and learned from their mistakes 4 years ago. As I analyze the current market sentiment, many don't get fall with their emotion and worried too much. The price didn't move down fast which is a good thing to see and that is probably because there is no huge selling happened.

Panic selling is the cause of the last 2018 huge drop and yes, I'd never see this activity which helps to keep the price still high.

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