BTC will always recover beyond its previous peak

faceoff97

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Quote from: PalindromemordnilaP on May 01, 2018, 06:26:24 AM

That's because bitcoin is dominant in price hike than price fluctuation. People's demand on bitcoin gives bitcoin strength it needs to stand whenever it falls down. The 20K$ all time high last year may be broken this year because bitcoin is already showing an early sign of a bullish trend.

There is no assurance that it will actually happen but the possibility is high. When people gain their trust again and more demand has come, tge irice woukf easily go up. Surely, the only way for bitcoin is up, we have seen how it grows over time and we also havr seen how it was bring developed. Im actually expecting great pump at by moment, as muvh as possible hold and buy more coin.

PalindromemordnilaP

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That's because bitcoin is dominant in price hike than price fluctuation. People's demand on bitcoin gives bitcoin strength it needs to stand whenever it falls down. The 20K$ all time high last year may be broken this year because bitcoin is already showing an early sign of a bullish trend.

hybie22

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It is true that bitcoin has always recovered despite the recent collapse of bitcoin, but it continues to endure it until it became popular among all and became the king of all cryptocurrency, this digital money had helped us all.

magneto

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Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

Bitcoin is still in a long term uptrend, becasue adoption currently hasn't reached its maximum yet. Also when you factor in the fact that fiat currency is always depreciating, it essentially means that bitcoin is almost guaranteed to be in a long term growth curve.

But people forget that BTC, like any other investment, has bull and bear markets. Last year, we had an ultra bullish year, while this year things have cooled off a bit.

As you said, though, when the trough hits, eventually the price will recover above its previous all time high as we saw time and time again when the bull market swings by. And this imho will occur as long as we're still in the early adopter phase, where less than 10% of the world has any BTC.

david_019

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Bitcoin is the only crypto established by the days of circumstances and yet always made a way out to recover from the temporal scary moments. And when it does, it always more than from what was lost, so many of investors and traders knows about it. What is not good is when someone is holding a poor token or coin while the bitcoin is on a bad moments for surely, such poor crypto would only has a small amount to recover.

poplolnman

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Quote from: lumeire on April 18, 2018, 09:25:57 AM

Actually you can just go to an exchange with extensive historical data, get the data for the last 6 years and plot it divided by 6 months. Take the all time lows per 6-month segment and you'll see the trend, that even if the price crashes to 6-month lows, the overall trend is positive, meaning the price eventually beats its previous 6-month value.

I can only see that kind pattern once we are on top of the graph , future graph? I don't think we can predict it accurately , crypto movement always run so wild with its decentralized and volatile.
One thing that I always believe .... Whenever there's a crash , there would be a crazy jump later . We have passed that crash moment from $20k to nearly $5k and now heading $10k , what's next? $25k or even highe aren't something impossible , just not sure if it could happened at the same year. We are half on recover phase now , the market are so healthy.

KorakPawon

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Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

yes and it will always increase, although sometimes there is a slight drop and eventually the price will go up again, it is very suitable for long term investment.

Oasisman

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Thats always the same trend every year. I have been noticing the price flow of Bitcoin and it is quite the same.
This year Bitcoin we will have another ATH and Im sure no one would ever miss it.

Jating

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Quote from: BartS on April 22, 2018, 12:34:03 PM

Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

I think it is more important understand why that is the case, in theory nothing can go up forever not even bitcoin so we need to try to understand why this is happening? And in my opinion it's very simple bitcoin is a superior technology, it is also a superior store of value in it's also a superior form of currency, which is why despite the volatility the market bitcoin recovers because of the great fundamentals of it, and if we take into account that governments keep printing their fiat as much as they can then that explains why the price of bitcoin keeps recovering.

I have to disagree with bitcoin as superior technology but the rest is a good reason why bitcoin has been proven that it can recover and bounce back. There are a lot of altcoins out there like ETH which has far more better technology, but bitcoin for me is more of a store of value and resulting in more people globally investing on it. Once it bottom last month, people immediately started to pour their cash because they know that in the next months or so, their investment can literally skyrocketed (store of value/form of investment).

Right now we are chasing $10K, it is expected to have a resistance, but I still optimistic that it can overcome it next month. So if you just invested at the last bottom of $65xx and then the price jumps to $10K, then you have made significant profits in short amount of time. I don't think that is possible if you let your money sit in bank and getting good returns as bitcoins is offering to all of us.

BartS

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Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

I think it is more important understand why that is the case, in theory nothing can go up forever not even bitcoin so we need to try to understand why this is happening? And in my opinion it's very simple bitcoin is a superior technology, it is also a superior store of value in it's also a superior form of currency, which is why despite the volatility the market bitcoin recovers because of the great fundamentals of it, and if we take into account that governments keep printing their fiat as much as they can then that explains why the price of bitcoin keeps recovering.

ladydark

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Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

Bitcoin price falling down very highly and soon recovering to reach new ATH is a routine phenomenon taking place in bitcoin.Whatever FUD makes its price fall,soon it recovers by any way.

Kim Ji Won

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Quote from: gold1112 on April 15, 2018, 03:12:21 PM

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

How I wish that this chart would be seen by all those newbies and weak handed people in the crypto community. This might change their perspective about cryptocurrencies whenever a crash occurs. Though this may serve as an assurance for them, they should not sill invest on bitcoin solely from this one. There are still a lot of factors that need to be considered to have a successful crypto career. Anyways, props to this chart but there is more to it than the price recovering always after a dip.

knightmairesaint

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Quote from: gabmen on April 21, 2018, 07:51:08 AM

Quote from: LodisMcguire on April 19, 2018, 04:45:13 AM

People always think for the worse,they convinced that it's not possible that the price pattern will be the same as the last year,but the reality proved them wrong.While the fact that we can't predict the exact price movement is true,there's nothing wrong to believe the prediction based on statistic,it's the most logical action that we could take.

Well there's nothing wrong about expecting the worse since you'll be a lot more prepared for whatever may happen. It will make you look a couple of steps ahead and be cautious with your decisions. Of course btc will always recover but what if it doesn't? You need to always have a fall back.

That is not impossible to happen since we know that volatility could play on us. @gabmen and @LodisMcguire both said the right thing about predictions and it is just pretty normal for people to have different views on it. You see, for the past months where bitcoin price is low, many people and forum posts are about it and for some people it is irritating. We are very much aware about the price dumps and slight recovery and people talk negatively like bitcoin is going down for good. Now that the price is increasing the mood in the forum changes too.

Eleven86

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Sure the bitcoin market is recovering nowadays. Compare to last week the price is increasing somewhat good. This shoes the market will recover soon as like last year December. People get panic about the bitcoin price and most of the people ready to sell their coins. At the same time many investors are now ready to invest in bitcoin due it's current change of price. This will improve the bitcoin circulation among the people. Last year starting also the price of bitcoin would face lot of dumps but the same year no one expected the price hike it was a massive growth. Like this year also we can expect such changes.

gabmen

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Quote from: LodisMcguire on April 19, 2018, 04:45:13 AM

People always think for the worse,they convinced that it's not possible that the price pattern will be the same as the last year,but the reality proved them wrong.While the fact that we can't predict the exact price movement is true,there's nothing wrong to believe the prediction based on statistic,it's the most logical action that we could take.

Well there's nothing wrong about expecting the worse since you'll be a lot more prepared for whatever may happen. It will make you look a couple of steps ahead and be cautious with your decisions. Of course btc will always recover but what if it doesn't? You need to always have a fall back.

Chaelbrin

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I hope it can surpass its last peak. But as the economy it shows that it can.

LodisMcguire

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People always think for the worse,they convinced that it's not possible that the price pattern will be the same as the last year,but the reality proved them wrong.While the fact that we can't predict the exact price movement is true,there's nothing wrong to believe the prediction based on statistic,it's the most logical action that we could take.

JerryJam

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To put such predictions need to fully understand the potential of the coin.And accordingly to put the expectation in real time.Based on your financial situation, you should decide when to sell or buy cryptocurrency. Absolutely reliable trading strategy does not exist So no trader will be able to answer this question.No need to panic if you have incurred any losses. If the cryptocurrency is promising sooner or later its value will increase.

Msile

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Until it doesn't, there is no guarantee of anything in this world and with something so risky and volatile like Bitcoin you shouldn't be betting so surely that the price will always recover beyond its previous peak. Yes historically bitcoin has broken all its ATH but there is no surety that it will do so in the future too as that just means that bitcoin's price will just keep on going up forever.

Fairy_90

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The largest market capitalization currency in the world seems to have hit the short-term bottom at around $ 6,500, after suffering a 50% loss in the first three months of 2018 - marking the worst quarter of Bitcoin history. In general, it can be seen that the upward trend has encountered a lot of difficulties in finding the fulcrum, showing clearly through the horizontal fluctuations along the narrow band of the BTC over the past few days. Research has shown that rumors of big names on Wall Street (like Soros or Rockefeller) are about to enter the virtual money market. If confirmed by the people, this could be the key to the uptrend needed to achieve breakthroughs, just as the smart deal did to bring Bitcoin to the top in December. Last.

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