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Topic: Bitcoin was $3,871 on this day - 1 year ago - page 2. (Read 784 times)

sr. member
Activity: 546
Merit: 253
Yes, Bitcoin prices are likely to rise later this year But i do not believe that 1 year ago Bitcoin was $ 3,871 on today. The condition of the market was much worse. But didn't name below 5,000. you've got to believe what is going to happen now except within the past But whatever comes next is probably going to exceed 10,000.
The market is now very volatile and Bitcoin continues to experience very rapid price changes over a short period of time. I think this coin is being manipulated very clearly and surely all altcoins will follow Bitcoin during this difficult time. Since corona appeared, there have not been many positive signs for the crypto market and things are getting worse over time.
sr. member
Activity: 939
Merit: 256
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.
member
Activity: 854
Merit: 10
Yes, Bitcoin prices are likely to rise later this year But i do not believe that 1 year ago Bitcoin was $ 3,871 on today. The condition of the market was much worse. But didn't name below 5,000. you've got to believe what is going to happen now except within the past But whatever comes next is probably going to exceed 10,000.

What he mentioned is right because last year the price of Bitcoin was at 3800$, later the market for altcoins start decreasing which was really worse by this time last year. I hope by the end of the year we might see the price of altcoin will recover again but don't know how long will this fluctuation continues.
full member
Activity: 812
Merit: 104
🎄 Allah is The Best Planner 🥀
Yes, Bitcoin prices are likely to rise later this year But i do not believe that 1 year ago Bitcoin was $ 3,871 on today. The condition of the market was much worse. But didn't name below 5,000. you've got to believe what is going to happen now except within the past But whatever comes next is probably going to exceed 10,000.
hero member
Activity: 1834
Merit: 523
So it means it have good improvement of the price of the bitcoin now compared of 2019 and the worst year for me is 2018 because that is the time when bitcoin started dumped the value. But this day the price of the bitcoin dump again about and I hope after this month the price will start again pumping.
hero member
Activity: 938
Merit: 501
Is this a coincidence? and in March 2020, the price of bitcoin also fell to $ 3100 and it has now recovered from the price of $ 6500. In any case, we have experienced a period of severe market collapse. Hopefully in the future the market will recover and help investors to gain profits by believing in this market.
hero member
Activity: 2856
Merit: 667
I think Bitcoin is a very good opportunity for you to consider investing but you need to be careful because the price of this coin is still trending down and could collapse at any time. In the last few weeks, the price of bitcoin went down to $3800 and it was a price I never expected. Until now it still haunts me because I lost more than half of my assets during that time.

Yes, the price falls and I think people should already consider that before they put their money into Bitcoin and cryptocurrencies.

Another thing is that the price of Bitcoin did not fall at $3800 since it just fell at $4100. That price is the price last year showing us that the recent movement is not bad at all, and we should consider this since the fact that a lot of people are still continuing to invest and put their trust into this cryptocurrency is amazing. The proof is already there, now we are $6.6K.

Yeah that was $4100, the $3800 price happened in 2018 and I'm glad we didn't fall that low despite our situation is worst compared in 2018, and also good to see that bitcoin is still recovering and it has put us away at a bad price of $4100. A drop happened to day but we have a good support and bitcoin still says at $6000, $6200 now as I'm writing.
hero member
Activity: 1722
Merit: 528
I think Bitcoin is a very good opportunity for you to consider investing but you need to be careful because the price of this coin is still trending down and could collapse at any time. In the last few weeks, the price of bitcoin went down to $3800 and it was a price I never expected. Until now it still haunts me because I lost more than half of my assets during that time.

Yes, the price falls and I think people should already consider that before they put their money into Bitcoin and cryptocurrencies.

Another thing is that the price of Bitcoin did not fall at $3800 since it just fell at $4100. That price is the price last year showing us that the recent movement is not bad at all, and we should consider this since the fact that a lot of people are still continuing to invest and put their trust into this cryptocurrency is amazing. The proof is already there, now we are $6.6K.
sr. member
Activity: 1041
Merit: 273
Volatility is good in times like these, we have seen a low but we have seen a high as well, others didn't see it too much, stock market is still down for example, that is not what we want from bitcoin. We can take the lows as long as the highs are there as well.

Unfortunately, we will continue to have this volatility because our liquidity is very low and will not be getting too much high any time soon neither, one big huge sale from a whale and we will go down, but it also helps us that the less money required to go up as well, with just one whale buying up we will go back up.

These kinds of stuff have been around bitcoin for a long time, it didn't started with this new thing, so we should be basically ready and used to these type of ups and downs already.
sr. member
Activity: 499
Merit: 250
Chainjoes.com
I am both happy that bitcoin went down because it gave us chance to get in earlier, this is the lowest we have been for like a year now and still it is difficult to get in because we do not have all that much money left after losing all to financial doom we are about to have. I have friends who are still going to work and that doesn't make sense, their boss' is an idiot and should be put to jail for putting peoples lives in danger, how the hell could you make people go to work at this situation.

However the thing is, if they go to work they might die, if they don't they will be bankrupted, bankruptcy is a better option easily but it is also quite scary to thing about and nobody knows what we will do.
I think Bitcoin is a very good opportunity for you to consider investing but you need to be careful because the price of this coin is still trending down and could collapse at any time. In the last few weeks, the price of bitcoin went down to $3800 and it was a price I never expected. Until now it still haunts me because I lost more than half of my assets during that time.
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
We have to keep reminding ourselves how bitcoin could be both volatile but also profitable. That is what is missing from people's minds and has to be constantly reminded. We started this year at 7k, not at 10k, however for some reason people see the current year as 10k because we managed to break over 10k, so suddenly everyone is like "we dropped from 10k to 5k!!!" but the reality is we were literally 7k and we had a 6.3k or so just yesterday, even 6.8 few days ago, so we are not really that far away from only 3 months ago, just 3 months ago.

Keep calm and be patient and I swear to you wherever you bought bitcoin, even if you bought at 20k, we will get there, if you are lucky you make a profit in a minute, if you are unlucky it will take years and years maybe a decade, but you WILL get that profit.
legendary
Activity: 3052
Merit: 1273
I believe that the shittiest of what we could have seen, has already happened and there's that least possibility (but yeah, a possibility of course) that we will be seeing a new fresh low of around $2560 before we see those huge spikes where each candle will be writing a new history for BTC and its hodlers. BTC has already proven its supremacy over all asset classes by showing the gradual recovery that none of the International markets have shown.
full member
Activity: 1162
Merit: 168
I am both happy that bitcoin went down because it gave us chance to get in earlier, this is the lowest we have been for like a year now and still it is difficult to get in because we do not have all that much money left after losing all to financial doom we are about to have. I have friends who are still going to work and that doesn't make sense, their boss' is an idiot and should be put to jail for putting peoples lives in danger, how the hell could you make people go to work at this situation.

However the thing is, if they go to work they might die, if they don't they will be bankrupted, bankruptcy is a better option easily but it is also quite scary to thing about and nobody knows what we will do.
hero member
Activity: 2128
Merit: 520
What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago

That is what happens with bitcoin, and now, the price is back to get the red candle, and we hope that it will not go down for more. If that happens again, I don't know what will happen with the traders, but I hope that they don't panic and they can stay calm for a while. It is important to remain calm so we can see if we can get the opportunity to buy bitcoin at a low price because usually when people know the price is down deeper, they will only panic. They want to save their assets by selling fast so that they can buy back again at a low price.
If you are a holder and you are not really in the need of money for any emergency usage, best to keep your assets and yes staying calm is really the right attitude not to follow any dumped coming from those panic sellers who can't handle this particular situations.
Stay positive and look for the brighter side, remember few days back the value rise up a little.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
On this day, 1 year ago on 8th March 2019...

1 Bitcoin = $3,871

I thought of the following:

If a person bought bitcoin on March 8, 2019 and that person decided to hold for 2 years. That person saw 1 month ago the price reach $10500 and then saw the price drop to $5000. So far this person is at a profit, but my question is: if that person had sold when the price reached $10500 would not have been a good choice and the person would buy for the price of $5000? I know there may be questions about who guaranteed that if the person sold at $ 10500 the price would fall below $ 10,000? But, my point remains to what extent Hold can be very advantageous?



hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago

That is what happens with bitcoin, and now, the price is back to get the red candle, and we hope that it will not go down for more. If that happens again, I don't know what will happen with the traders, but I hope that they don't panic and they can stay calm for a while. It is important to remain calm so we can see if we can get the opportunity to buy bitcoin at a low price because usually when people know the price is down deeper, they will only panic. They want to save their assets by selling fast so that they can buy back again at a low price.
sr. member
Activity: 1400
Merit: 269
This is an important game changer for Bitcoin as the stock market are currently plunging this is the only chance where Bitcoin can be used as an alternative for fiat because of the virus scare that might get even you sick if you approach anyone or have physical interaction. Digital transaction can be the solution and make payments for services online. With number of people getting infected and quantitative easing from banks, expect the unexpected for Bitcoin price.
full member
Activity: 980
Merit: 114
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?

Thank you for reminding us this and it is a sign that no matter how the volatility bitcoin is we would have correlation and pumping time to time. It is a market that only depends patience to make it. If you are not patient enough I will encourage you not to ever get close to bitcoin and other cryptocurrencies. I strongly agreed that this time nest year bitcoin will be far better than we're it is now.
hero member
Activity: 2856
Merit: 667
And we are back again, the market has struggle and we might see a price lower than the price one year ago per OP's post.
Hopefully those investors who panic right now will see this and realize that bitcoin drop to this low before we pump high last 2019 at $13k IIRC.
Price is not big deal in trading as I know the trading of bitcoin is all about price so its volatile coin and in a timely manner the price will move up and down if the price is low then instead of selling we should keep hope and never sell your coin at a panic time. It's really good to know if the price is down today so after a few months it will be again high and you will not face any regret for holding your coin.
There are two kinds of traders, there are short term traders and long term traders, if you are into short term trading, maybe price does not matter a lot but its fluctuation because all you need to do is fight the right timing for you to get it and get out and make profit.

However, the other side which is the long term trader, which I admit I am one of them, we like to see a price increase and we hold as we hold longer, bitcoin will rise so we can reach on our target to sell at a good profit, yes, usually long term trader likes bigger profit.
member
Activity: 247
Merit: 40
What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago
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