Bitcoin is following the same path of 2017 - page 13.

Natalim

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BTC to the MOON in 2019

Quote from: daarul50 on April 13, 2019, 03:14:07 PM

At a glance, if seen from the overall graph, it might be similar, but if we look at the volume, it is very different wherein 2017 the increase was caused by the volume and very large market capitalization that made a bomb at the end of that year.

There was a huge increase of the trading volume, the volume was doubled at one time, and even higher and that tells us
there's more money flowing in this year compared the year 2017.
There's lots of bad coins in year 2017 due to some fake ICO that just pump their coin then dump, people got FOMO and that's one of the reason.

daarul50

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At a glance, if seen from the overall graph, it might be similar, but if we look at the volume, it is very different wherein 2017 the increase was caused by the volume and very large market capitalization that made a bomb at the end of that year.

KlepZ

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maybe bitcoin follows the price like in 2017 up to the price of 20 K USD, the possibility of a price increase won't be as fast as it was in 2017 because in that year there was a wannacry virus attack on all major companies in the world. to eliminate the virus must be paid with bitcoin so that the price of bitcoin at that time was very high.

coolcoinz

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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.

In 2017, since January, we could see higher highs and higher lows. It was a very long uptrend that became more volatile in May and June, with prices going up without backtracking to retest the newly established supports. This was the result of a confirmed bull market in late 2016, which ended in a crucial bull run in December, that took us to the previous ATH of 1.1k USD.
We are nowhere near that now. You're comparing a year where we came back to the ATH after 2 years of bear market to a year where we are struggling to go back over 5000 dollars (25% of the previous ATH).

Again, in case you you didn't get it. 100% previous ath and a bull run in 2017 vs 25% of ATH and still a bear market now.

Quote

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!

Even if we reach a new ATH I'm not going to buy something as trivial as an expensive car made of plastic and glass fiber, that burns 3 times more fuel than a normal sports car and costs 5 times more to repair if something fails. There are more important things in life, really.

deisik

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Quote from: Betwrong on April 13, 2019, 11:25:51 AM

And that's why I think that the new ATH can just as well happen in August 2019 as it can in December 2021 or in December 2020

In simple terms, we don't know

We don't even know with certainty whether it is going to happen again (well, at least in the coming years). I for one think that the 2017 rush was a one-off event explained by people finding out about crypto en masse. Now that they have tested the waters and given the natural limits in the expansion of such knowledge set by the size of the world's population, we can't actually expect a new rush for the same reason (unless aliens start to use Bitcoin as well, of course). There might indeed be other reasons involved in the future surge if it is about to come, but so much for the repetitive patterns

Betwrong

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Quote from: deisik on April 13, 2019, 10:03:32 AM

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!

Honestly, I don't see a lot of similarity. To begin with, the rise which culminated in the December 2017 ATH had started as back as the second half of 2015. In this way, if you are looking for similarities, you should look deeper into the history. If anything, the current dynamic looks more like the first half of 2015 rather than early 2017. In other words, we should be hitting new all-time highs no sooner than December 2021 when the effect of the 2020 halving should come into full force. That's what mimics tell us

Anyone with me on this?

I agree with you on that there's not much similarity between the current market behavior and that in 2017. Overall, I think that all cases are different and that there are too many factors to consider, and normally we have no idea about half of them, and that's why we can't say with certainty to what degree is one situation similar to another. However, like with fingerprints, leaves, snowflakes etc., we can say with certainty about any two periods of time in the market that they are not completely alike. And that's why I think that the new ATH can just as well happen in August 2019 as it can in December 2021 or in December 2020.

deisik

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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!

Honestly, I don't see a lot of similarity. To begin with, the rise which culminated in the December 2017 ATH had started as back as the second half of 2015. In this way, if you are looking for similarities, you should look deeper into the history. If anything, the current dynamic looks more like the first half of 2015 rather than early 2017. In other words, we should be hitting new all-time highs no sooner than December 2021 when the effect of the 2020 halving should come into full force. That's what mimics tell us

Anyone with me on this?

Godday

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Quote from: Chikito on April 11, 2019, 10:20:03 PM

i see positive graph you showed. it's similiar or not same 2017, we could happy to be high price over.

I think, every crypto move will not be the same, because every situation is different. especially nowadays there are many who know crypto, of course the movement is different. if for the same movement I don't think like that.

Ridwan Fauzi

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I came to invested in bitcoin or know bitcoin at november 2017 so I didn't know what happen in a few months before november 2017. You may know how the movement price before november 2017 til you have an assume that this recent price movement is the same with that. However, I still have a big doubt for bitcoin meet increased price again and reach $20.000 as the achievment in 2017 ago. An information will change per years, we don't have a way to same it all the time and this is pointed out we don't have any assurance the price bitcoin same with 2017, moreover for the current situation and we had been in the bearish market for one year and more.

amonymous

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No, I still can not see any such intensity and Bitcoin price may take more time as going up of 2017. Because investors are getting more losses in 2018 for some scams and unless icos. So, now investors will take a lot of awareness for their investment.

upsidedown75

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Quote from: Choyor on April 11, 2019, 02:45:13 AM

I didn't see that, but if it really happened this year, then we should be grateful because for a long time we were looking forward to a positive market change this year after being trapped in a downtrend.

It will be impossible for bitcoin to follow the same pattern it followed last year, they might look similar but not because it’s a patter it has to follow, the investors we got into the system are different from the last one and there is no way the number of investors this year or current crypto user this year will tally with that of 2017, except it’s a coincidence.

Pattern aside, crypto currency this year is expected to boom to a significant level that will make every one satisfied and have the assurance that we are completely out of the bear market, but whatever bull run or value we are targeting may not be this year until next year, since its halving is slated for then.

Japinat

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Quote from: Commitments on April 12, 2019, 03:01:31 AM

We will face the same path of bitcoin price in 2017 when the moment is come true about 2021 year, maybe will be getting higher than how bitcoin in 2017 because in 2021 bitcoin more higher again.

2021, that's another year, if we will have a good year going forward then I'm sure we will have a new all time high that time.
BTC is undergoing a big correction last year but now started to bounce back and its recovery seems to be doing better, we bottomed out, at least that's my opinion and with that said, I believe bitcoin is ready to create a new journey going uptrend.

terrorJR

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Quote from: nur rochid on April 11, 2019, 11:27:49 PM

Quote from: nasipadang on April 11, 2019, 09:06:47 PM

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 think it's the same as seen from different conditions and paths, so maybe it's just a different perception, and I think I'll buy some and wait for lambo this is just your speculation and I agree. just in case I diversified my investment.

whatever the perception is, I think what we need is healthy growth, during 2017, we see drastic growth and a drastic decline as well, my hopes of the current increase are healthy and correction is healthy too

Indeed, growth and decline are very significant but I think in the long term in early 2020 bitcoin will experience more stability and there will be no drastic decline because it will be regulated by the government if it is legalized.

Commitments

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We will face the same path of bitcoin price in 2017 when the moment is come true about 2021 year, maybe will be getting higher than how bitcoin in 2017 because in 2021 bitcoin more higher again.

GunsLair

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Quote from: Aldrinx00 on April 12, 2019, 12:14:10 AM

It has similarities but we know that in 2017 people bought bitcoin just because of hype and trend that they will take easy profit. This year 2019 people are more intelligent in buying and investing in cryptocurrency, i think bitcoin will reach at least $10k at the end of 2019 because of the upcoming bitcoin halving, i am sure people will accumulate.

You are right, but there are many examples of the fact that then people did get an easy and big profit, which you are talking about. There were a lot of winners then. Like the losers.

Eleareon

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Bitcoin is actually doing well now,some people are already seeing a repeat of 2017,but i don't think bitcoin can go as high as we have it in 2017,it need some time to gather momentum.

Aldrinx00

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It has similarities but we know that in 2017 people bought bitcoin just because of hype and trend that they will take easy profit. This year 2019 people are more intelligent in buying and investing in cryptocurrency, i think bitcoin will reach at least $10k at the end of 2019 because of the upcoming bitcoin halving, i am sure people will accumulate.

nur rochid

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Quote from: nasipadang on April 11, 2019, 09:06:47 PM

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 think it's the same as seen from different conditions and paths, so maybe it's just a different perception, and I think I'll buy some and wait for lambo this is just your speculation and I agree. just in case I diversified my investment.

whatever the perception is, I think what we need is healthy growth, during 2017, we see drastic growth and a drastic decline as well, my hopes of the current increase are healthy and correction is healthy too

Chikito

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i see positive graph you showed. it's similiar or not same 2017, we could happy to be high price over.

nasipadang

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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 think it's the same as seen from different conditions and paths, so maybe it's just a different perception, and I think I'll buy some and wait for lambo this is just your speculation and I agree. just in case I diversified my investment.

Topic: Bitcoin is following the same path of 2017 - page 13. (Read 2074 times)