Bitcoin was $3,871 on this day - 1 year ago - page 5.

Jating

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Quote from: qory on March 08, 2020, 04:34:03 AM

Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.

What do you mean will give us bad effect?
On the contrary we can see how far have we move since last year so I don't know how you will be disappointed by it.

Again, it's really base on what is your outlook of crypto, majority of us here, look for the long term growth. But as much as we wanted to make more profit, we need more time for the market to really take out because the growth is not parabolic.

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Quote from: qory on March 08, 2020, 04:34:03 AM

Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.

I don't think that will be a problem, given that history is important including the price of bitcoin in the past. When I do an analysis I always look at its history with that I can make research and comparison and maybe can make a picture that we should collect Bitcoin or we should sell it.

As a trader it is important to do everything, whether something has happened or will happen in the future.

Charliedoe

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Anyone is trading in Bitcoins???

coingecko

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bitcoin narrative as a safe haven will be further tested in months to come given the recession and coronavirus

JeromeTash

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I perfectly remember that period in time. Some doubters were even predicting of the price going towards $2k and then bitcoin did the most bitcoin thing in April starting of with April first Grin

. Though not so big, the bully rally that started is April was so sweet, and we were not to see $3k or $4K gain to this date .

Twentyonepaylots

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Quote from: novaprime on March 09, 2020, 09:01:44 AM

Quote from: maxreish on March 08, 2020, 07:46:50 PM

With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder

For me this is a very good time to invest again because I have been waiting for this discount for a long time. I think this would be the best to invest because the Bitcoin price is currently stable at $7800 and this is a very cheap price for you to make a profit.

Indeed. I agree with you, this time is a very good to enter the market wisely, Looking at the chart made me more obtainable for what is going to be the next move. At exactly a year ago we have the same down price, not literally the value, so I am expecting for the price boost in the mid april up to may since we also have a big event happening on that month.

Quote from: novaprime on March 09, 2020, 09:01:44 AM

In my opinion, the price of Bitcoin cannot decrease any further, so spend 40% of your assets to invest right now because the price of this coin will surely recover soon. However, it is still not sure what will happen next because every year the market has a big change.

hmm, quite skeptical though because of the current situation with the corona virus now, not that expecting that much for the price either way.

bitgolden

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Considering we have also peaked around 14k last year around april, will we have a topic about that as well? If you want to be optimistic about bitcoin you can say that 5 years ago we were under 1k as well, we were couple hundred at most, now we are almost 9 thousand dollars, that is an insane return in 5 years that nothing else could have given you that much and with the same logic you could say that bitcoin was 20k just a little longer than 2 years ago so we can say how we lost 50% as well and right now losing.

So, how you look at bitcoin is all depending on you. Even on 2020 just this last 2 months we can say we started from 7k so we are better right now or we can say that we started at above 10k and we are doing bad as well, both really works depending on what you want to say.

novaprime

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Quote from: maxreish on March 08, 2020, 07:46:50 PM

With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder

For me this is a very good time to invest again because I have been waiting for this discount for a long time. I think this would be the best to invest because the Bitcoin price is currently stable at $7800 and this is a very cheap price for you to make a profit.

In my opinion, the price of Bitcoin cannot decrease any further, so spend 40% of your assets to invest right now because the price of this coin will surely recover soon. However, it is still not sure what will happen next because every year the market has a big change.

maxreish

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With the same day last year bear invading the market . And today, from 9100 down to 8100. Huge dump as of today. If this is a preparation for bitcoin, we can't really say. Bitcoin failed to strongly hold at 9200 so I was expecting this dump though.
As usual, opportunity to buy while red market is on is a good reason for this bloody market that is happening. But another long wait for long term holder

Kelvinid

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Quote from: rexxarofmoknathal on March 08, 2020, 03:15:58 PM

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 don't see any reason also to further fall the market trend and that is why I could assess this that this is a pure market fluctuation and it happens normally in almost all the times.

But then, it is quite to see that we are still in more than doubled price way back 2018. I couldn't imagine if I invested a lot of Bitcoins last year and still holding it until today, it is already a lot of money. But I don't and I don't feel any regrets also. It is all unpredictable, nobody knows what really happens today and that is why not all of us think of accumulating BTC's that time.

rexxarofmoknathal

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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.

Findingnemo

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Bitcoin = Financial freedom

Actually I missed those days to accumulate some bitcoins, chosen to invest in gold due to long bearish trend since 2018 but I have taken the wrong path, if I did invest on bitcoin now the profits will be huge compared to gold rate.

Hope corona impact will increase the price more of gold and cryptocurrencies because investors have no other choices left to invest.

ecnalubma

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Lucky to those who bought and hold until this day they already gain a 100%+ with their investments. Investment really is all about patience and timing, every months or year Bitcoin really makes difference.

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I remember that day. At that time my portfolio was down huge because of huge correction. But I didn't sell my bitcoin that time, then kept my Bitcoin hold and accumulated some more. I have seen many people selling their bitcoin during that correction. Which disappointed them later when Bitcoin goes 13k again.

The Sceptical Chymist

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It's definitely a good thing to keep bitcoin's price history in perspective--I thought 2020 would start off much better than it did, but if you compare where bitcoin is right now (around $8100) to where it was at the beginning of 2019, things don't look too bad.

And as far as the coronavirus scare, it's affecting a lot of markets and it isn't surprising bitcoin is getting pounded. Hopefully the fear and hoopla die down and the virus doesn't mutate into something really deadly. And hey, it looks to me like bitcoin is on sale right now. Too bad I don't have enough disposable income to start buying again.

Some stocks are looking pretty cheap as well. "Buy when others are fearful" is the old maxim of investing, and it'd be a smart move right about now.

Rainy_d

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This is a great argument that nothing lasts forever, and if you now think that cryptocurrency has no future, then you can be wrong.
I prefer to think that bitcoin will rise in price, and March 8 2021 - the price will be even higher

coingecko

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Quote from: Shimmiry on March 08, 2020, 06:15:15 AM

Quote from: coingecko on March 07, 2020, 10:48:43 PM

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?

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

The journey is always more rewarding

dioanna

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Quote from: GreatArkansas on March 08, 2020, 01:33:20 AM

The time when the correction hit really hard from $19,000 of Bitcoin and then pullback above 50%. It's really tough especially for those people who bought at $6,000 (like me)but the dump continued to $4,000 and below.
But still, the game is for long term, so I continued to hodl and still accumulating more.

It's really tough time, that pullback ate my portfolio 100%. I have lost a lot and i know many traders did.
I have many regrets but I just focused on what I have learned at that time.
And I still believe in Crypto and Bitcoin. Sooner or later we will see pull up.

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Quote from: Shimmiry on March 08, 2020, 06:15:15 AM

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

You still have that opportunity to earn more bitcoin if you still trying to do that now. Don't feel guilt and regret now because if you still have that feeling, you cannot earn that bitcoin, and you can not move on. I am sure you will have time to make that bitcoin, no matter what you do later, and you don't have to stop before you can earn that bitcoin. Now, while bitcoin is down, you can try to buy with any amount of money, hold it for a while, and sell it when the bitcoin price increase.

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Quote from: coingecko on March 07, 2020, 10:48:43 PM

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?

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

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