Bitcoin is following the same path of 2017 - page 8.

pinoycash

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Quote from: Daboy_Lyle on April 27, 2019, 10:50:00 AM

If bitcoin is following the same path of 2017 then there's bad with it. We cannot see the future movement of the bitcoin price if it follows the path of 2017 or not because the price of bitcoin is not stable. I saw some articles saying that bitcoin will go back to it's 2017 ATH tgis year then I also saw some price analyst spreading this kind of news that bitcoin will break it's all time high. Be positive and bitcoin will make its way.

It follows the same path it shows how bitcoin is volatile in nature and how 1 bad news can affect the price of bitcoin and the feelings of holders that force them to sell due to one negative publicity. Now the bull lost its momentum and we need to hope that volume will start picking up soon.

Daboy_Lyle

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If bitcoin is following the same path of 2017 then there's bad with it. We cannot see the future movement of the bitcoin price if it follows the path of 2017 or not because the price of bitcoin is not stable. I saw some articles saying that bitcoin will go back to it's 2017 ATH tgis year then I also saw some price analyst spreading this kind of news that bitcoin will break it's all time high. Be positive and bitcoin will make its way.

Betwrong

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Quote from: slaman29 on April 24, 2019, 01:28:39 AM

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Hasn't volatility been affecting price ever since people started assigning monetary value to Bitcoin? I mean, we're talking about 5,000 BTC for Pizza to now 30,000,000 dollars in less than 10 years. So it's not just about years, it's just periods in between, of course the value rises and falls again and again. That's how markets work, duh?

Only I think there is a big difference between Bitcoin market and, say, stock market. Are there examples of companies that survived a 80% decline? I don't think there are many of them, and even if we can find one or two they are exceptions from the main rule. In the crypto market, however, there are many of such examples. I think that shows that Bitcoin is a very strong asset, and thus we have all the reasons to believe that BTC will surpass its ATH again in the future.

acholagi

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Every year there will be a trend of its own and this year I don't think it will follow in 2017 whether there will be a big increase at the end of the year or in the middle we will not know clearly the hope for a market change will occur later

Botnake

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Quote from: slaman29 on April 24, 2019, 01:28:39 AM

Quote from: Odonko on April 23, 2019, 07:18:01 PM

Bitcoin as a cryptocurrency is very volatile and we have seen this huge volatility affects its price way back in 2014 and 2017. This same cycle is happening again where we see bitcoin's value decrease and rise again. This is the time to invest into bitcoin and hold it till another all time high. Bitcoin is strong and will never die.

Hasn't volatility been affecting price ever since people started assigning monetary value to Bitcoin? I mean, we're talking about 5,000 BTC for Pizza to now 30,000,000 dollars in less than 10 years. So it's not just about years, it's just periods in between, of course the value rises and falls again and again. That's how markets work, duh?

The price fall is just normal, it makes the market stronger and the way I see it what is happening now is a recovery and because it recovers
it will gain attraction from investors again as they will be more confident this time around. The pump and dump scenario in the market is now new but eventually the volatility rate will reduce as we see adoption improves.

slaman29

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Quote from: Odonko on April 23, 2019, 07:18:01 PM

Bitcoin as a cryptocurrency is very volatile and we have seen this huge volatility affects its price way back in 2014 and 2017. This same cycle is happening again where we see bitcoin's value decrease and rise again. This is the time to invest into bitcoin and hold it till another all time high. Bitcoin is strong and will never die.

Hasn't volatility been affecting price ever since people started assigning monetary value to Bitcoin? I mean, we're talking about 5,000 BTC for Pizza to now 30,000,000 dollars in less than 10 years. So it's not just about years, it's just periods in between, of course the value rises and falls again and again. That's how markets work, duh?

Vaskiy

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Quote from: Kasabus on April 23, 2019, 06:05:07 PM

Quote from: blueteam09 on April 22, 2019, 04:19:04 AM

According to the chart, this is not true. In 2017, there were no sharp declines before strong growth in the long term. This may be a new scenario with many different small stories going on. Bitcoin will increase and decrease continuously before the Accelerating Scenario begins to premiere before everyone. Become the audience and enjoy this movie.

I think they only refer to the kind of rise we have this year.
When things like this happen, we tend to forget the times that bitcoin dropped because we are all excited to see this market fully recover.
2017 was a great year and we will never forget it until we have a new high of bitcoin, but a new high is achievable even at this year.

2017 is the best year for bitcoin, and the present growth pattern resembles the same as 2017. To what extent it is getting coincidence is not known, but same as that the price moves were happening. By that time I remember that the forum is full of predictions about $8000-$10000, and the market provided with a much bigger level of growth. This time too it looks same, and lets wait for the year end to experience the reality.

Odonko

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Bitcoin as a cryptocurrency is very volatile and we have seen this huge volatility affects its price way back in 2014 and 2017. This same cycle is happening again where we see bitcoin's value decrease and rise again. This is the time to invest into bitcoin and hold it till another all time high. Bitcoin is strong and will never die.

marcelocoin

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hi =D

yes after the chart today and the breakdown of resistance, we will have something similar for next year, we expect a more stable market!

Kasabus

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Quote from: blueteam09 on April 22, 2019, 04:19:04 AM

According to the chart, this is not true. In 2017, there were no sharp declines before strong growth in the long term. This may be a new scenario with many different small stories going on. Bitcoin will increase and decrease continuously before the Accelerating Scenario begins to premiere before everyone. Become the audience and enjoy this movie.

I think they only refer to the kind of rise we have this year.
When things like this happen, we tend to forget the times that bitcoin dropped because we are all excited to see this market fully recover.
2017 was a great year and we will never forget it until we have a new high of bitcoin, but a new high is achievable even at this year.

ricardobs

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Quote from: cybersofts on April 06, 2019, 07:45:16 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!

[im g]https://i.imgur.com/icD6hDK.png[/img]

I don't really think so. It is best we don't judge things based on what happened in the past. It might seem like it is following the same movement but things might reach some level and it will change and it will follow a different direction. And what I'm seeing this year is different from what I have seen in 2017. We don't know yet, but let's keep watching, I don't know what will happen next.

serjent05

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I believe it is more like 2015 where the 1st year of the stated 4 year cycle started. We see that 4 year cycle period consist of 3 years bullish trend and a year of bear market ( where the 1st year follows a bear market,) In this case, 2019 just followed a bear market so we can compare it to the year of 2015.

Quote from: blueteam09 on April 22, 2019, 04:19:04 AM

According to the chart, this is not true. In 2017, there were no sharp declines before strong growth in the long term. This may be a new scenario with many different small stories going on. Bitcoin will increase and decrease continuously before the Accelerating Scenario begins to premiere before everyone. Become the audience and enjoy this movie.

Every event is unique, though they have similarites, there is always some points that differentiate it to others. But one thing I am sure, I agree with you that the current trend is not the same as 2017 trend.

Cherylstar86

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Quote from: Mr.Good on April 22, 2019, 02:57:29 AM

The behavior of Bitcoin 2019 is similar to the behavior of Bitcoin 2017. Only the numbers are different.
Of course, one cannot say that it will grow to $ 20000 and higher, but we all hope so.

As the market phase has shown gradual growth, we can visionize the possible outcome by this 2019. Let's just keep positive and hopeful for whatever path will bitcoin may take this year, as we are aware for every consequences we have penetrated. But we should not be attached and expect too much on how the current scenario surpass beyond bear trend.

blueteam09

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According to the chart, this is not true. In 2017, there were no sharp declines before strong growth in the long term. This may be a new scenario with many different small stories going on. Bitcoin will increase and decrease continuously before the Accelerating Scenario begins to premiere before everyone. Become the audience and enjoy this movie.

kpcian

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Quote from: pamsugas on April 06, 2019, 09:39:03 PM

I am not sure there are similarities in 2017. Many experts predict the movement of bitcoin in 2019 will be the same as 2015. so I think bitcoin will fall back and recover soon in 6 months later

experts are expecting that second half of 2019 there will be better movement in bitcoin as a result 2020 will be better year for people associated with bitcoin.price will rise again but i don't think there will be hype like before.it is just a prediction so all we need to wait with patience to see how well bitcoin will interact in this year and next year.

pushups44

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There are some similarities with 2017 in that this year has shown a gradual rise in the price of bitcoin that is accelerating somewhat, but 2017 was propelled by the ICO boom in large part. In order to replicate 2017, we will need major catalysts, which certainly can happen. One possibility is a breakthrough in the Lightning Network or Bakkt launching, or both.

matchi2011

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Quote from: Shinpako09 on April 22, 2019, 02:43:56 AM

History repeat itself, that's what I believed but having a new ATH won't happen in the same month. Although we are still in 2nd quarter and lot of things could happen. I guess 2019 is too early to record a new ATH and there's no major news that could result into massive increase. For me, ATH will be recorded after halving.

With high hope, the current movement is giving all the traders and investors a good glimpse of potential things to happen, the road to jumped high is nearly approaching and giving supporters some ideas on how to react with this trend, reaching the last time high might be difficult as there's no big reasons but next year's halving can be considered as a good basis to bring hope for what we expect the next bull run.

Mr.Good

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The behavior of Bitcoin 2019 is similar to the behavior of Bitcoin 2017. Only the numbers are different.
Of course, one cannot say that it will grow to $ 20000 and higher, but we all hope so.

Shinpako09

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History repeat itself, that's what I believed but having a new ATH won't happen in the same month. Although we are still in 2nd quarter and lot of things could happen. I guess 2019 is too early to record a new ATH and there's no major news that could result into massive increase. For me, ATH will be recorded after halving.

Remainder

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I think its following the same path of 2017, and it will bring a new all time highs. Now that it gain a widespread popularity, not even to the 2017 and prior investors but also to the upcoming young investors. We can be optimistic and put some positive sentiments to Bitcoin, we might be surprise the other financial institution will follow suit as well.

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