Looking back at the charts, historically March - May is usually the time wherein bitcoin performs poorly. Come June, everything seems to have a little vibe of redemption and hope since this is thw time wherein prices are really moving towards the positive direction. I might be claiming some nonesense in here but the charts and hostorical price data don't lie. Regardless of what world event there is, or how well the whole world's economy is doing, the first quarter of every year always bring disappointment to traders, and the second half of the year always brings excitement to the market as a whole.
I mean, just look at January - May 2016, then June 2016 to the wee months of 2017, as an example.
Topic: Bitcoin was $3,871 on this day - 1 year ago - page 3. (Read 784 times)
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. 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.
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.
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.
Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.
So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.
What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.
Those who sold during those days and left are probably regretting right now. "Lucky" are those who bought and held on.
Wild guess for March 8, 2021, at least $13K
Wild guess for March 8, 2021, at least $13K
Here's another chance to buy bitcoin for those who missed the last bottom some years back, although history has repeated itself and we should take this opportunity to make more buy order for the profit ahead. Possibly those who bought from this bottom last year have already taken their profits and ready for another step to strike.
For those who argue with the further downturn in the price of Bitcoin should remember that, the market will soonest regard its purpose and regret will be the last resort of the weak hands. Holders will always survive anytime in cryptocurrency, am proud to be called a Holder.
Wow!! exciting memories. i think as we saw BTC hit from $3k to $12k this year, sure that it will again go its ups place and no doubt here. Total economy now affected for the reason for COVID-19. So at present time we can not hope that BTC will stand its position 10k$. We have to be patience and wait for good days.
thanks.
thanks.
Well, this proves that current prices are still better than last year. I honestly want to sell my assets into stable coins, but I think about this. however, it is quite difficult to make a decision now. the current price is indeed very low because of its movement from the price of $ 7k to $ 5k. however, if we think about it well, the current potential is still large enough to develop compared to this year. it's only a matter of time until the problem regarding this virus is resolved.
Its just shows that bitcoin started with low price early of 2019 then reach $13k as peak price before it went down.
History might repeat itself, now the price is low and this is due to the current issue that we currently face, if this virus is over that might be the start of the market to recover.
Well we thought 2020 is good for crypto, it started this year with continuously price increase (I think its because of halving) but turn out in bad situation when the covid-19 hits the world and make the people panic.
History might repeat itself, now the price is low and this is due to the current issue that we currently face, if this virus is over that might be the start of the market to recover.
Well we thought 2020 is good for crypto, it started this year with continuously price increase (I think its because of halving) but turn out in bad situation when the covid-19 hits the world and make the people panic.
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.
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.
Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.
So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.
What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.
This is really sad but we need to face the reality. If only this coronavirus didn't happen, we are already in the 10k level. But life is really unfair sometimes, we need to experience a lot of trouble before experience good things in life. And that will make us appreciate little things that we usually ignore.
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.
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.
Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.
So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.
What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.
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?
And yet people think that the bubble was burst in $4900 level, people easily forget all they see is the higher level then when it slip with a small percentage they are worrying to much, so far we are OK with $5000 level we just need to control this Pandemic to get the market in a better condition, bad news around the world make a big impact in the market.
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?
The test is not a small one meehn 4 days back the price was around $7000 and I’m surprised that I checked today to be seeing $4.9k! Bruuh like seriously?! That’s over 50% decrease in the price in the last one week of time.Where do you think it will go from here?
The test is not a small one. I’m even more surprised because I saw news recently after Bitcoin was declared legal in India and some economists were saying that people shouldn’t be too excited about that because the price is going to drop. I thought it was another hate talk and I never knew it’s going to be accurate this time. I hope the Halving changes this.
On this day, 1 year ago on 8th March 2019...
Where do you think it will go from here?
Where do you think it will go from here?
On that day I still focus and optimist about bitcoin but now my optimist reject by corona, really bad. I believe corona is X factor and no one can predict and avoid it, all stop loss reach in a week and we must create new plan before halving came and market become worst. My third buy back is in 4,9K but my cut loss make me loss 40% from my fund. I try to optimist this is temporary and already make buy back at 5.3K , I hope my analysis correct this time.
Interestingly even though none of us expected something like this, it actually broke lower than 3871 for a while last night. I mean surely it wasn't for a long time and we are higher yet again thanks to buyers but it did broke down lower. The question is, how did bitcoin managed to start the year at 7k, moved above 10k almost breaking 11k (but didn't) and then it went down to 3.5k levels in just 2.5 months, the trouble here is not that it did, the trouble here is it can.
Do we really not mind the fact that bitcoin could make these wild moves? Wouldn't it be better if there was some sort of level of regulation or at least some limitations to bitcoin price that makes sure that you do not earn 1000x in a day but you don't also lose this much in a day as well?
Do we really not mind the fact that bitcoin could make these wild moves? Wouldn't it be better if there was some sort of level of regulation or at least some limitations to bitcoin price that makes sure that you do not earn 1000x in a day but you don't also lose this much in a day as well?
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.
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.
Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.
So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.
Like most of you on here, I also do think this new BTC price drop is another market correction proceeding the BTC halving event.
I'm not sure why this is happening or what's causing this drop but what it can be said so far is that in comparison to the other cryptos BTC is still among the lowest drops in the market. Having said this it seems to me that this may be an opportunity to buy at a new low before it recovers again, of course, it is difficult to say when exactly is best to buy or how low BTC will go but one can only take calculated risks.
I'm not sure why this is happening or what's causing this drop but what it can be said so far is that in comparison to the other cryptos BTC is still among the lowest drops in the market. Having said this it seems to me that this may be an opportunity to buy at a new low before it recovers again, of course, it is difficult to say when exactly is best to buy or how low BTC will go but one can only take calculated risks.
I also don't think that recent price drog has anything to do with Bitcoin halving or corona virus n Also, I wouldn't draw corelation with last year period and try to find the patrern or similarities because I don't think there isn't any.
However, I agree this is the good opportunity to accumulate more Bitcoins and not to react with panix selling like unfortunately many do.
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?
The whole thing seems more like a circle repeating year after year. However I'm certain about the current bear market being caused due to the global crisis everywhere and the coronavirus epidemic. Cryptocurrency seems to be the least affected investments option when you check out other markets. I'm very optimistic that bull isn't far from cryptocurrency market as this year already shown a great market prospect before the coronavirus and the crisis.
Right now Bitcoin is swinging back and forth around 5.2k to 5.9k lately, so we might expect a purely randomness in its volatility. We might dip into that price back in 2019 and hey I felt the pain that year but I didn't panic at least and people here shouldn't also just like those people panicking in their nearest supermarket thinking that they'll need all the things that they bought out of panic.
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?
We almost go back to that Value earlier today ,lucky that market spikes back just after an hour of dumping hard to bring down the price of Bitcoin to $4.090 and this is the lowest for almost a year.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?
but we still don't know what will happen tomorrow because really the corona virus is making hard for the market to climb up again.
but we should be grateful to have a chance to Buy again in this Bottoming market.
What's next? In times like this, it is expected that you don't make rash decisions. But if you have spare funds, you might want to buy at these prices. No one thought Bitcoin/alts will get this cheap in 2020. Don't forget the Bitcoin halving event is less than 3 months away.
I agree with you. We have a good time yesterday and today to buy bitcoin because bitcoin price was down deeper. We should use this moment to buy more bitcoin at these prices because who knows, after this is the end, bitcoin price will be back to the higher price so we can sell some bitcoin or some fraction of bitcoin to make a profit. We get a discount price of bitcoin right now, and we don't have to panic like others because if we panic, we cannot see a good time to buy more bitcoin, and we will regret it in the future.
A few days ago, Someone asked about the effect of Coronavirus on the crypto market. A lot of people condemned it saying Crypto has and will always be a safe haven for investors. While that's true, Its important to know that these investors are living in parts of the world where Coronavirus has brought extreme fear. China is one of the biggest investors of crypto markets and it is heavily plagued.
However, we've seen Bitcoin recovered quite a bit from the drop, from $3750 to $5400 (current price as at time of this post). What happens next is yet to be known. We'll have to see how it unfolds as more and more updates about the global pandemic.
What's next? In times like this, it is expected that you don't make rash decisions. But if you have spare funds, you might want to buy at these prices. No one thought Bitcoin/alts will get this cheap in 2020. Don't forget the Bitcoin halving event is less than 3 months away.
However, we've seen Bitcoin recovered quite a bit from the drop, from $3750 to $5400 (current price as at time of this post). What happens next is yet to be known. We'll have to see how it unfolds as more and more updates about the global pandemic.
What's next? In times like this, it is expected that you don't make rash decisions. But if you have spare funds, you might want to buy at these prices. No one thought Bitcoin/alts will get this cheap in 2020. Don't forget the Bitcoin halving event is less than 3 months away.
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