Honestly the dump wasn't even all that much of a dump looking back on it. Think about it, how long did it stayed like that?
The whole world is in big economical danger, there are governments trying to recover the financial institutions that are crippling under big losses, trillions all wiped in a single day, gold eroded like crazy and right now still having some hard time breathing properly and look at bitcoin... almost back to where we started.
Honestly I like to think that we are superior to all of the others, we only have few hundred billion dollars in market cap total and we are unregulated and decentralized which are the big reasons why we are so volatile, but when one day all of crypto marketcap reaches to 10-20 trillion dollars we will basically be de facto first choice of investment from everyone.
Topic: Bitcoin was $3,871 on this day - 1 year ago (Read 814 times)
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
None is impossible for Bitcoin. Though these are tough times and Bitcoin just showed strength in value amidst the global economic and health crisis. It managed to get out of a critical $4,000 level quickly and bounce back at $6,000 range. Well, I guess Bitcoin is a safe haven indeed, and It surely has a very bright future. So, let's not be worried on where Bitcoin will land it's bottom.
We should not because if bitcoin will hit the bottom, it's guaranteed that it will recover again based on what I see on its past.
Bitcoin is strong, we are a billion dollars industry, we will not just die easily, we are even lucky here we have bitcoin that gives more opportunity for us to buy and the price is so volatile, best way to do is never panic and just make sure you accumulate and sell when bitcoin pump, then accumulate again when it dump, that's easy if you believe on bitcoin.
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
None is impossible for Bitcoin. Though these are tough times and Bitcoin just showed strength in value amidst the global economic and health crisis. It managed to get out of a critical $4,000 level quickly and bounce back at $6,000 range. Well, I guess Bitcoin is a safe haven indeed, and It surely has a very bright future. So, let's not be worried on where Bitcoin will land it's bottom.
On this day, 1 year ago on 8th March 2019...
1 Bitcoin = $3,871
Here is how far and wide we have gone in the last 1 year. Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?
1 Bitcoin = $3,871
Here is how far and wide we have gone in the last 1 year. Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?
People just have to go back from time to time to regain their confidence that they are investing in the right project and product, I hate it when people keep posting that it's the end of Bitcoin every time it's dropping when the drops are not really that big to consider that it's the end of Bitcoin, people should always check Bitcoin's history from time to time.
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
Yes, it will recover soon. We didn't expect that the price will go dump from that area and its really a tough for bitcoin. It's the time when we should not worry even it goes down, it's the right time to buy if we want a cheaper price of bitcoin. Its sad because I haven't enough money to buy more bitcoin at that time, I'm busy doing school stuffs but continued to monitor the movement of the price and read some news about crypto.
A day to remember and we are far about which is a good thing to see in the market event. Will this thing couldn't be happening again? Not really for that and probably not this year because of halving event that will something give an uplift to the current market situation. In fact, even we are in the global market crisis, we are still far from $3.8k and that is will give hopes for every crypto holder. Not a losing ends but gaining.
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
Yes, it will recover soon. We didn't expect that the price will go dump from that area and its really a tough for bitcoin. It's the time when we should not worry even it goes down, it's the right time to buy if we want a cheaper price of bitcoin. Its sad because I haven't enough money to buy more bitcoin at that time, I'm busy doing school stuffs but continued to monitor the movement of the price and read some news about crypto. 
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
Yes, it will recover soon. We didn't expect that the price will go dump from that area and its really a tough for bitcoin. It's the time when we should not worry even it goes down, it's the right time to buy if we want a cheaper price of bitcoin. Its sad because I haven't enough money to buy more bitcoin at that time, I'm busy doing school stuffs but continued to monitor the movement of the price and read some news about crypto.
Luckily for people who bought on that day, now bitcoin is back up and yesterday it reached $ 7,000. I had guessed bitcoin would recover quickly because it would be impossible to survive under $ 5,000 again
Even in the most difficult days and the lowest bitcoin I was filled with trust and love for bitcoin. During the period of March 2019 when people fell into fear and sold their bitcoins. I used my savings to buy more bitcoins, and after a short period of time I made a significant profit.
People who had believed in it and the continue holding it or buying during the dips would have made money even in this fallen market. though at times the wait period might be longer than expected but in the long run you would make money with good coins and bitcoin will be one of them. those who had sold in panic times or said it will never rise would be regretting it not buying at lower levels.
I am not entirely sure if this year will be better than last year, last year was just so great for everyone involved who got in earlier and this year looks like it may not go up that much because of this corona deal. Last year we managed to go from $3k start to $13.8k at the peak, that is an INSANE amount to go up, and it did that like in a week or so, that was a crazy week, probably craziest we have seen since 2017 December peak.
So, in order for this year to do something like that we are talking about $25k or so price, that would make it all time high, I doubt it could go up that much, 3x to 4x is required to be like last year, and even at x3 we are talking about $18k range and that is just way too close to ATH price as well. I think it might be a decent year but not as well as last year I am afraid.
So, in order for this year to do something like that we are talking about $25k or so price, that would make it all time high, I doubt it could go up that much, 3x to 4x is required to be like last year, and even at x3 we are talking about $18k range and that is just way too close to ATH price as well. I think it might be a decent year but not as well as last year I am afraid.
Would be really great if people stopped comparing the price of bitcoin. Doesn't matter how much it was 2 years ago or 3 years ago. We should be thinking about the future. How to develop it, how to make it more universal, how to convince people to use it and so on. Just stop focusing on the price. Do you really think its the price that is going to define how successful bitcoin is going to be? If yes, then stop focusing on the price and start spreading the word of bitcoin and its usefulness. You will see the price increasing by its own once people start using it!
Even in the most difficult days and the lowest bitcoin I was filled with trust and love for bitcoin. During the period of March 2019 when people fell into fear and sold their bitcoins. I used my savings to buy more bitcoins, and after a short period of time I made a significant profit.
Very indicative date. Bitcoin made its way from 3800 to 13000 and almost returned.
I am sure that good traders were able to make good money on this movement, but only one year passed! What other asset can boast of such volatility? Impressive
I am sure that good traders were able to make good money on this movement, but only one year passed! What other asset can boast of such volatility? Impressive
People should consider the drops as not something bad for bitcoin but something good for themselves which is what people have been missing out for a lot of the times. If you remove the 20k period from the crypto, anytime you buy bitcoin there is a chance you can make a profit, you may have to wait for a day or a year or more but eventually everyone who buys bitcoin at any price actually makes a profit, only exception is the people who bought at 20k. Right now we are at around 6.3k or so, do you really think the price will stay here?
Even if it drops further, do you really think that bitcoin will not go back up? That means there are plenty of people here who thinks bitcoin will go beyond 7k in the future, maybe not today but one day. So why shouldn't we all buy as much as we can.
Even if it drops further, do you really think that bitcoin will not go back up? That means there are plenty of people here who thinks bitcoin will go beyond 7k in the future, maybe not today but one day. So why shouldn't we all buy as much as we can.
It was a great opportunity to buy more bitcoins, at which point many people panicked and sold their bitcoins.
A friend of mine bought bitcoins at this point, a while later the price of bitcoin increased and he made a large sum.
That's what we called timing, if you manage to buy while the value is falling and eventually the price went back and bounce up, you'll be gaining decent and your position will be at the positive side. Though it's hard to master the process since the nature of bitcoin is volatile there's no assurance if you'll be able to keep getting the right track. There are many information which we need to recognized once you are working with this kind of industry. A friend of mine bought bitcoins at this point, a while later the price of bitcoin increased and he made a large sum.
Previous year, that is not good for bitcoiner or trader at all. But, at present, we can say that, it is more than 6000&. So, we can hope that the next year, it will be good time and better position now and before.
This coin has dropped to $3800 and this is certainly not a good sign for investors participating here. I still have patience and choose a safe solution during this time by keeping the fiat or waiting until everything is back to normal. Of course, there are still many things waiting, but it is best to be patient during this difficult time.thats right . patience is the key to be succesful or for everything . however there are those people that are still not patient and they can just buy right away . nothing wrong with that as long as that coin is useful and will be use based on its purpose and not just by picking those random coins that are not verified just for investment use because its not safe . past years prices can always repeat, whether its low or high and its been proven alot of times , this is why some people are waitin for those price points before they enter
Previous year, that is not good for bitcoiner or trader at all. But, at present, we can say that, it is more than 6000&. So, we can hope that the next year, it will be good time and better position now and before.
This coin has dropped to $3800 and this is certainly not a good sign for investors participating here. I still have patience and choose a safe solution during this time by keeping the fiat or waiting until everything is back to normal. Of course, there are still many things waiting, but it is best to be patient during this difficult time.
Previous year, that is not good for bitcoiner or trader at all. But, at present, we can say that, it is more than 6000&. So, we can hope that the next year, it will be good time and better position now and before.
Need several year later for bitcoin back to higher price and looking situation around the world with bitcoin will touch down for next two months, when many people keep focus with corona virus how come to make bitcoin and altcoin back on track with higher price,
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