Bitcoin is following the same path of 2017 - page 2.

kapalmabur

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Technical analysis is based in history and patterns. We had a halving before the huge increase in 2017. It may follow the same pattern in 2020 which is next halving than we may see huge increases for this period as well.

remember bitcoin was back at $ 12,600 USD last June, and tried to break resistance but failed,
now you can see it down to $ 8000, but thankfully bitcoin won't be less than $ 7000, I don't know if according to BTC analysis techniques it can be up to $ 16,000 Shocked

bitzizzix

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I hope this will come true and the rise of bitcoin and other coins is the desire of everyone, and I do not understand the assessment or prediction of news about the movement of bitcoin on the graph is always equated with 2017 and this news also occurred at the end of 2018 and that reality is not true. Grin

dengpei

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We are going to see BTC down below 5k before the end of this year, a substantial and sustained bull run can only be expected from May 2020 going onwards. BTC has a cycle, yes but the coming in of institutional investments means that changes will only be more gradual not dramatic as before as institutional investors tend to be more cautious and very calculative before making moves.

joshy23

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Quote from: mu_enrico on April 06, 2019, 08:21:41 PM

I don't think the level of hype is similar to 2017. In 2017, many people from the outside of the crypto community bought cryptocurrency for the first time in their life. This kind of hype needs more energy to build momentum.
But if BTC could reach another ATH, of course, I have nothing to complain

It is not similar hype because there was a pump dump and the outsiders are getting dumped. So, return of them will not be that easy. We need outsiders to see new ATH. Only way to do this is with old outsiders who are relaxed or we need new outsiders.

Newcomers will be adding the run if more of them will be attract and start joining the ride. Following the market trend way back 2017 is still achievable
only if same behaviors will be shown coming from investors. Supplies and demands with positive investors to continue working inside the market will
bring back the bull to it's strong position.

iv4n

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Quote from: mu_enrico on April 06, 2019, 08:21:41 PM

I don't think the level of hype is similar to 2017. In 2017, many people from the outside of the crypto community bought cryptocurrency for the first time in their life. This kind of hype needs more energy to build momentum.
But if BTC could reach another ATH, of course, I have nothing to complain

It is not similar hype because there was a pump dump and the outsiders are getting dumped. So, return of them will not be that easy. We need outsiders to see new ATH. Only way to do this is with old outsiders who are relaxed or we need new outsiders.

New people are coming, with bakt we are now open for institutional money. And believe that people who bought in 2017 hype are still here, waiting for price to rise. They know that selling at this price now is just losing money, at least the smart ones knows that. There are people who bought on top and sell on bottom, these people will always make mistakes with investing, we can't do anything to help them.
Take a look on this year and judge by the comments here, and headlines, people missed a great opportunity to buy at 3500 dollars, they waited price to rise and they waited and waited to buy over 10k, right after that price dropped. Some people will lose no matter what.

lab rat hoax

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I agree with your opinion. bitcoin is preparing to do a similar move like in 2017. But not only bitcoin, i think that soon we will see the upward movement of altcoins. The main reasons why I think so: market cycle is completed, bitcoin halving in may 2019, litecoin halving and global crisis expectation in the world. All these reasons will blow the cryptocurrency market.

Argoo

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We can already say that 2019 will not be similar to 2017 in terms of the growth rate of cryptocurrency prices. In October 2017, Bitcoin was already growing, and not standing in one place, as it is now. So far, it’s rather difficult to predict what he will do in the near future. Some predict its further decline to $ 7,000, after which it will be able to rise in price. However, I think that there may be no further fall. He stood still too long to continue to fall again.

styca

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I find that the long-term trends on the price charts become a lot more apparent when you use the log scale. The big price rises we've seen in the past mean that using a linear scale, you can only really see recent activity as old history is smeared to a flat line.
But with a logarithmic scale, I think it becomes clearer. Make your own assessment, but to me it looks like we should see a big rise within the next year or so. I appreciate it gets tougher to add new money once the cap reaches a certain level, but a multi-trillion dollar market does look within reach.

senin

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Quote from: jonaire99 on June 24, 2019, 01:33:40 AM

Quote from: whyrqa-1 on June 22, 2019, 02:35:04 PM

after users of cryptocurrency saw a very hard fall in 2018, it seems to me that many will be very nervous and not tolerant here when Bitcoin rises higher and higher. Something may provoke another Bitcoin drop and that will lead to an inevitable price drop.

Many investors that knew what happened last December 2017 might already learned their lesson well and try to avoid fomo this time if bitcoin will go for all-time high. Big bitcoin drop is possible while the price of the bitcoin is going up so most of these investors have already plans on howcto out their earning in a safe zone. But to those who are new to bitcoin investment or trading, if they don't listen to some advices, then they might also learn their lesson as well.

I wonder what lesson for investors are you talking about in connection with a price increase of up to $ 20,000 in December 2017? That you should not buy bitcoin when it is already decently rising in price? Then how can Bitcoin generally rise in price, say, at least up to one hundred thousand dollars if investors are afraid to invest in it when it starts to rise above $ 20,000? After all, if investors do not buy it after this price, then it will not be able to grow further. I have long debated on this topic, including for this reason, it is unlikely that Bitcoin will be able to rise in price to at least $ 50,000. Panic and fear for your invested money will always occur.

Litzki1990

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We do not know what is gonna happen next from now on of bitcoin in the following years wether the bitcoin following the path from 2017 or not, for me the hype of bitcoin in the market it depends on the high demand from many investors.

Botnake

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I am not sure if the bitcoin is following the same path of 2017 but some analyst says bitcoin make a new price high that is their predictions, when i see the bitcoin price chart it looks like bitcoin price increase faster at this third quarter of 2019.

That's why bitcoin needs to rise like in 2017 so we will see a new all time high, when bitcoin rises, people think, this is it, this is the time.
We can't blame them, they are too optimistic because last year was a bad year that no one sees it coming.

bitbunnny

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At the moment we are in the phase of correction that actually interrupted bull run. I can't say that I see some similarities with 2017, situation back then was quite different but it seems that every time price starts to go up people hope that 2017 scenario will repeat. There is still time that price goes over 15000$ but don't expect that this very moment, maybe in the last quarter of the year.

Thanasis

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Quote from: Arkham Knight on June 26, 2019, 01:27:49 AM

We aren't even in the 3rd quarter but bitcoin is now on the verge of $12k. Last time I saw it touch that price is I believe in the 4th quarter of 2017. It's really obvious that we will surpass the $20k all time high with this fast growth. I also hope that altcoins won't get left behind and do their own thing like 100x increase and it should happen in 2019 so I can still buy bitcoin before the halvening.

There is a dump now but still good to have corrections before going too higher.But we need to understand that 2017 bull run begins later than now and ended at very last month of that year so people might think that now also will happen the same but there is no need for that to happen again following the same trend.

dat.ho12492

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Quote from: vixcious on June 27, 2019, 04:53:51 AM

with the current situation does not. I think investors are smarter and have sold early bitcoins at this stage of growth.
That action caused BTC's value to drop by more than $ 1,000 in an hour.
And with the chart above, it will continue to fall further in the near future. BTC's goal will be $ 10k5 in 3 weeks.

Why not? Although we can see the value of bitcoin has suddenly plummeted but we should know that bitcoin has sprinted for a short time, it has no rest or stop until it reaches the current prices, so this sudden decline is probably a rest, a stronger accumulation and return. The obvious sign is that we can see the value of bitcoin after a sudden drop, it still has strong resistance, and that is still maintaining in the moment that I am sharing with you, a very good base for me to believe that bitcoin will complete the road that it once achieved in 2017

vixcious

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with the current situation does not. I think investors are smarter and have sold early bitcoins at this stage of growth.
That action caused BTC's value to drop by more than $ 1,000 in an hour.
And with the chart above, it will continue to fall further in the near future. BTC's goal will be $ 10k5 in 3 weeks.

AjithBtc

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Quote from: emmybd on June 26, 2019, 01:22:33 AM

If it is following the same path that of 2017 then there is high possibility that it would crash again, so newbie investors have to be very careful in investing in it.

Agreed, by the 2017 market there is mutual growth with bitcoin as well altcoins. Now we don't experience a big growth with altcoins, other than very few number of top listed ones. Upon the same I believe the growth pattern is not exactly the one that took place by 2017. Probably I believe that the growth will be taken forward till the days of halving making a big change in the market.

Vishnu.Reang

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Quote from: Arkham Knight on June 26, 2019, 01:27:49 AM

We aren't even in the 3rd quarter but bitcoin is now on the verge of $12k. Last time I saw it touch that price is I believe in the 4th quarter of 2017. It's really obvious that we will surpass the $20k all time high with this fast growth. I also hope that altcoins won't get left behind and do their own thing like 100x increase and it should happen in 2019 so I can still buy bitcoin before the halvening.

During the 3rd quarter of 2017, we had the forking of Bitcoin Cash and it pulled down Bitcoin by quite a bit. However by the fourth quarter, BTC was able to surge ahead and the BCH exchange rates declined. Also there was some negative news from China (banning of exchanges?) during July-August 2017. We are well past those times and I believe that a new ATH should be reached by the end of this year.

Arkham Knight

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We aren't even in the 3rd quarter but bitcoin is now on the verge of $12k. Last time I saw it touch that price is I believe in the 4th quarter of 2017. It's really obvious that we will surpass the $20k all time high with this fast growth. I also hope that altcoins won't get left behind and do their own thing like 100x increase and it should happen in 2019 so I can still buy bitcoin before the halvening.

emmybd

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If it is following the same path that of 2017 then there is high possibility that it would crash again, so newbie investors have to be very careful in investing in it.

Aptekary

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Of course, it is Bitcoin’s demand and supply in the cryptocurrency market that will form a real price. Each user of cryptocurrency in its own way can influence this process. If today Bitcoin will continue to rise in price, then thoughtless actions can again derail the market, especially if someone wants to enrich themselves.

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