Bitcoin is following the same path of 2017 - page 11.

gabmen

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Quote from: imstillthebest on April 17, 2019, 03:16:42 AM

Quote from: PlusOne88 on April 17, 2019, 03:02:02 AM

I think it is, but I don't think it will repeat just the same. The number of usage or bitcoin holder transactions is more than what was once before,

Thats it . more btc holder/transaction means there are more demand on btc these days compare to was before . meaning the price thesedays or on the future can probably double than what we experience on the late 2017 but still lets not forget the fact that btc is still a volatile type of crypto which means the price can still drop no matter how much is the total number of btc hodlers .

Lol. I hope it does follow the 2017 path up to the december run. But i doubt it'll repeat that soon. I'm pretty sure people wi start selling when the price even goes close to 10k. Things are different now than when 2017 started.

Romeotom

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We can not even tell anyone what the value of Bitcoin can hold for the future. But we can invest and trade if we want Considering the price of Bitcoin daily. More people have forgotten 2017 and they think it will not come back easily. But I think there is no need to be upset because bitcoin can come back at any time according to your needs.

imstillthebest

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Quote from: PlusOne88 on April 17, 2019, 03:02:02 AM

I think it is, but I don't think it will repeat just the same. The number of usage or bitcoin holder transactions is more than what was once before,

Thats it . more btc holder/transaction means there are more demand on btc these days compare to was before . meaning the price thesedays or on the future can probably double than what we experience on the late 2017 but still lets not forget the fact that btc is still a volatile type of crypto which means the price can still drop no matter how much is the total number of btc hodlers .

PlusOne88

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I think it is, but I don't think it will repeat just the same. The number of usage or bitcoin holder transactions is more than what was once before, so I think changes that could happen will not be the same. Consider looking at the graphs of transactions made in this graph below. This could suggest that even when the price was low, the people's usage was increasing and was not even decreasing with the price. This could only suggest the big difference should there be an all-time-high same as the year 2017. Refer to link.

https://bitinfocharts.com/comparison/bitcoin-transactions.html

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Quote from: Vaculin on April 16, 2019, 06:33:26 PM

Quote from: Spaffin on April 16, 2019, 02:30:50 PM

No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

I agree. What had happened last 2017 was totally a blast for bitcoin because its price has made a huge price increase in just a very short span of time. This year we can observe a little by little good price increase in the market until we can see a bull run waiting for us in the end.

I think we can not get ahead so much, because this is crypto, everything can happen, and we are in a phase of accumulation that can last for months or even years, the best thing for now is to wait to see until the millionaire bitcoin portfolios can reach the 70-80% of accumulated bitcoins, currently going for 62% of accumulated bitcoins, is for that reason that one should wait and have patience, because all movements currently made could turn out to be in some bullish traps.

Vaculin

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Winding down.

Quote from: Spaffin on April 16, 2019, 02:30:50 PM

No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

I agree. What had happened last 2017 was totally a blast for bitcoin because its price has made a huge price increase in just a very short span of time. This year we can observe a little by little good price increase in the market until we can see a bull run waiting for us in the end.

Spaffin

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No, there will be no such scenario of the cryptocurrency market growth, which we observed in the second half of 2017, in the next few years. After such a long period of decline and stagnation of the cryptocurrency market, a long period of its recovery is also needed. Now investors will still be cautious and will not invest more in cryptocurrency. For the time being, the slow growth of the cryptocurrency market may and does resemble someone in 2017, but the second half of the year, however, should be different. This year, bitcoin, I think, will continue to grow as slowly. By the end of the year, it can reach $ 10,000 - $ 12,000.

surgical_duude

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The market has experienced a recession since last year, causing investors to worry. Therefore, the market needs a long time to recover and grow again. Maybe BTC can reach $ 20k. The price of the ongoing BTC to increase from $ 4000 to $ 5k1 shows the return of the bull. 2020 will be the year when the BTC reaches its peak in the market.

bering

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I do have same mind with OP that 2 year cycle will happend this year and starting last month with bitcoin gradually rise up and there are similarities from 2017 that since beginning of year the sign showing bitcoin move into positive trend but do not too euphoria because possibly it could be missed

0t3p0t

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Maybe there could be coincidences but it really depends on how the community, investors and enthusiasts believe on thwir own predictions because changes might happen anytime. If Bitcoin is following the same path as 2017. If that will really happen I think only those who bought Bitcoins will have a good harvest. 2017's luck will still be affected as they will continue to make thisngs more favorable to big players.

arpon11

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That is why some of us that has been in this market since 2015 keep saying bitcoin may recover this year because of the patern that it has been following since 2016. It might be difficult to believe this but bitcoin is following the recovery faces that we witnessed in 2016. I am not seeing much bullish trend this year but the market might be a bit better this year than last year and we might be heading toward the type of bullish market we have in 2017 at 2020.

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Quote from: kemetz on April 16, 2019, 08:13:06 AM

Quote from: D3m1r4wanti on April 15, 2019, 08:50:17 AM

even though currently the price of bitcoin is developing well, but if it has to be equal, level it with 2017 is still very far away.
but everything is possible within a few hours the price can change quickly.

it doesn't have to be the same but the graph of the bitcoin price movement this year is almost the same as last 2017,
maybe if this year the bitcoin trade will continue to be the same as in 2017 and at the end of the year there will be a significant increase again even though the price doesn't return to ATH.

Even though we have the rising track of prices but still far from what it shown last 2017. For me, it is impossible to duplicate that kind of movement cause we know already how investors today look for crypto. They aren't be kind of long term holder, instead they are the kind who are easily to change and mostly do panic selling. This could be a reason that will stop crypto from soaring high and completely recover from dips.

Apened

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Quote from: cybersofts on April 06, 2019, 06:45:16 PM

The bitcoin behavior this year is mimicking 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with a slight difference.
If bitcoin gets to the new ATH in December, who's buying the LAMBO with me? Grin

Compare April-May 2017 to now and see what I'm talking about!

I don't see what you saw but i check the chart amd from other replies chart whilst i been thinking that it was not that same path. I am not yet convinced with the current set up even there are plenty of good news about cryptocurrency and bitcoin. In short i feel like there's one more way down and to stay a bit there before we saw another good path like in 2017.

kemetz

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Quote from: D3m1r4wanti on April 15, 2019, 08:50:17 AM

even though currently the price of bitcoin is developing well, but if it has to be equal, level it with 2017 is still very far away.
but everything is possible within a few hours the price can change quickly.

it doesn't have to be the same but the graph of the bitcoin price movement this year is almost the same as last 2017,
maybe if this year the bitcoin trade will continue to be the same as in 2017 and at the end of the year there will be a significant increase again even though the price doesn't return to ATH.

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Quote from: Betwrong on April 16, 2019, 04:59:42 AM

Quote from: deisik on April 15, 2019, 02:27:53 PM

Even if Einstein's General Theory of Relativity got a lot of traction as well as application starting in 1960's (let's assume you are correct), he didn't live up to that anyway. In this manner, if Bitcoin succeeds big time in, say, 22nd century, we are unlikely to witness its triumph, so it is definitely not something we should be looking and still less waiting for. Thus, if Bitcoin is to make a second coming which would be better than the first, it should hurry up

It should, and it will. Things are happening increasingly faster these days. What took 50 years back then can take 15 years now. And considering that 10 years have already passed, it seems fair to say that we are close

But people are tremendously impatient these days

So if Bitcoin doesn't deliver any time soon, they will definitely start complaining. Wtf, Bitcoin's price had been stuck in a tight range between 3.5k and 4k for nearly two months (maybe even for a little longer than that), and folks already started wining that the market was boring. But that's not my point. If Bitcoin is going to rise and shine again, what should that be if not hype (the odds of which are small anyway)?

Quote from: Betwrong on April 16, 2019, 04:59:42 AM

Among other things, blockchain technology, and Bitcoin in particular, can be used effectively for fighting corruption in the government sector. But those who are in power are either too lazy or too stupid to grasp the idea, and there are also others who simply want to continue plundering their countries

The powers that be will never agree

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Quote from: deisik on April 15, 2019, 02:27:53 PM

Quote from: Betwrong on April 15, 2019, 05:44:16 AM

Quote from: deisik on April 14, 2019, 02:46:21 PM

Quote from: Betwrong on April 14, 2019, 11:11:34 AM

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

I think there is a chance for making another impression that can be better than the first one. For example, Einstein published the final form of his General Theory of Relativity in 1916, but it did not appear to be as useful at the time. And only in 1960s and later, when various astronomical phenomena that confirmed the theory were discovered, it became central to physics and astronomy. I'm sure other examples of such sequences of events can be found as well. It's just Bitcoin was a bit ahead of its time. But its time will come

But there's a catch

Even if Einstein's General Theory of Relativity got a lot of traction as well as application starting in 1960's (let's assume you are correct), he didn't live up to that anyway. In this manner, if Bitcoin succeeds big time in, say, 22nd century, we are unlikely to witness its triumph, so it is definitely not something we should be looking and still less waiting for. Thus, if Bitcoin is to make a second coming which would be better than the first, it should hurry up

It should, and it will. Things are happening increasingly faster these days. What took 50 years back then can take 15 years now. And considering that 10 years have already passed, it seems fair to say that we are close.

Among other things, blockchain technology, and Bitcoin in particular, can be used effectively for fighting corruption in the government sector. But those who are in power are either too lazy or too stupid to grasp the idea, and there are also others who simply want to continue plundering their countries. But this will come to an end soon since high standards of morality and ethics are more and more in trend in these recent times.

pinoycash

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Quote from: deisik on April 14, 2019, 02:46:21 PM

Quote from: Betwrong on April 14, 2019, 11:11:34 AM

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

There are no more dumb investors that will rush into buying BTC just to make x2 of their money. Media are in full bad publicity mode to prevent retail investors in making the same mistake again in 2017, We are lucky if we can see $10,000 USD this year.

Osarman

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Quote from: deisik on April 14, 2019, 02:46:21 PM

Quote from: Betwrong on April 14, 2019, 11:11:34 AM

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

Yep, who doesn’t want an increase? A lot of people has been disappointed, although majority of them were newbies who thought they were going to get in and make quick money, due to what they were told. But a lot of us who have been into it for long and invested after the last bull are also expecting the next to happen anytime soon.

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Quote from: Betwrong on April 15, 2019, 05:44:16 AM

Quote from: deisik on April 14, 2019, 02:46:21 PM

Quote from: Betwrong on April 14, 2019, 11:11:34 AM

Yes, we can't expect surpassing the previous ATH 16 times, as it happened in December 2017, but we can expect surpassing it 4 times, which means that Bitcoin can reach $75,000 in December 2019

Too good to be true

If you ask me, it would be a miracle if we just came close to the December 2017 highs in the coming years (let alone months). If you don't ask me, I'd still say we are unlikely to see the amount of hype and steam we saw back in the day. It could be said that the novelty of crypto has worn out but as they say, there's no second chance to make a first impression (read, the days of the wild hype are over and probably for good)

I think there is a chance for making another impression that can be better than the first one. For example, Einstein published the final form of his General Theory of Relativity in 1916, but it did not appear to be as useful at the time. And only in 1960s and later, when various astronomical phenomena that confirmed the theory were discovered, it became central to physics and astronomy. I'm sure other examples of such sequences of events can be found as well. It's just Bitcoin was a bit ahead of its time. But its time will come

But there's a catch

Even if Einstein's General Theory of Relativity got a lot of traction as well as application starting in 1960's (let's assume you are correct), he didn't live up to that anyway. In this manner, if Bitcoin succeeds big time in, say, 22nd century, we are unlikely to witness its triumph, so it is definitely not something we should be looking and still less waiting for. Thus, if Bitcoin is to make a second coming which would be better than the first, it should hurry up

logicgate

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Quote from: Astvile on April 14, 2019, 07:50:00 AM

This years gonna make new history but i think not as much as we expect,many people loss money the last time they bouoght last year,most of them are new comers people who get hyped and bought bitcoins at peak.Im sure it will still pump but not at fast phase like last years pump

If price is certainly gonna pump then there is nothing bad to hold and to wait as we know time makes things good so the same in crypto currency we know in 2017 price was very high, those who sell at that price are lucky because they have become milliners, so being a good investor now I am hoping for another peak price year.

Topic: Bitcoin is following the same path of 2017 - page 11. (Read 2074 times)