BTC will always recover beyond its previous peak - page 2.

Dodoymabs

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Quote from: AK47- on April 18, 2018, 10:55:22 AM

Cryptocurrency market is still pretty new and there isn't much historical data to rely upon when we try to analyze previous market movements. But yet we have seen some recurring trends like the year start being bearish and year end being bullish, Bitcoin successfully recovers from any dump in long term be it 10% or 80%. Many people keep calling Bitcoin a bubble or dead during dump cycle. But Bitcoin has always betrayed those analysis and has been bullish in long term charts. I don't think cryptocurrencies are in any sort of bubble at present.

Since Bitcoin was created, there are a lot of things that have been existing. Nobody expected its value and also the technology. Commonly, some economist call it a bubble due to its volatility which I think the reason they say it's a bubble. But their expectations doesn't match with the actual events and yes Bitcoin betrayed those analysis. Our world has come to an era of digital wherein cryptos are now dominating in the market. And I am pretty sure Bitcoins value and other cryptocurrencies will increased as the years are passing by.

Kate Beckett

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Quote from: brickafterbrickwalldpt on April 18, 2018, 08:56:47 AM

We can't be 100% sure that Bitcoin will recover but you are partialy right. It seems that is slowly becoming more stable but it will take a lot of time before it actually stops rising and decreasing in value so often. I'm curious about how long it will take for Bitcoin to recover this time and start surging again. It looks like it is a good time to buy before summer. Last year, the whole thing started somewhere in May. The hype for cryptocurrencies didn't die and it seems that it won't go away for a pretty long time.

I'm sure that bitcoin will be restored soon. Already the mood in the market for crypto-currencies has shifted in the direction of growth. We need a foundation and an increase in the number of transactions on the network to push the price. For today there are no reasons for the former volume of transactions in the network not to recover and the price of bitcoin did not reach $ 20,000 and even a new maximum of $ 25,000 per coin.

gabmen

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Quote from: bjmpoker001 on April 19, 2018, 02:08:54 AM

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?

Lol, very funny that the haters comment always same. Telling bitcoin is a bubble and will go back to the low price.
until now bitcoin never back to the previous bottom price. very nice.

Well we still wouldn't know how it will play out so i don't want to put my hopes too high as well. Though the very being of me believes that bitcoin will be the future. Bubble or not, there may be ups and a lot of downs, but btc would likely ride these out. And it will always be aiming upwards.

bjmpoker001

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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?

Lol, very funny that the haters comment always same. Telling bitcoin is a bubble and will go back to the low price.
until now bitcoin never back to the previous bottom price. very nice.

satecream

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Indeed, bitcoin cycle are very slow and it will recovery when it goes fall but need taking more time to recover and back then is very hard to recover due many problem are going trough bitcoin but we know what happen next right

sammyp

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Quote from: niisarearning on April 18, 2018, 10:54:35 AM

Btc will recover for sure now marketcap around 325 billion to 335 from last 1 week that means market is preparing for next bull run . I am expecting 1 trillion marketcap at the end of the year do bitcoin price atleast test once 25000$ for sure.

This is feasible because bitcoin has proved beyond doubt that it can always recover even after sinking deep to the bottom. As a matter of fact, it is always able to move an extra mile above its previous highest mark.

AK47-

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Cryptocurrency market is still pretty new and there isn't much historical data to rely upon when we try to analyze previous market movements. But yet we have seen some recurring trends like the year start being bearish and year end being bullish, Bitcoin successfully recovers from any dump in long term be it 10% or 80%. Many people keep calling Bitcoin a bubble or dead during dump cycle. But Bitcoin has always betrayed those analysis and has been bullish in long term charts. I don't think cryptocurrencies are in any sort of bubble at present.

niisarearning

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Btc will recover for sure now marketcap around 325 billion to 335 from last 1 week that means market is preparing for next bull run . I am expecting 1 trillion marketcap at the end of the year do bitcoin price atleast test once 25000$ for sure.

pawanjain

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Nothing lasts forever

Thanks for sharing the Historical chart of BTC and yes you are almost correct that BTC tries to recover mostly after it crosses its previous peak. I have always been tracking the Technical charts from past few months and I have seen that BTC always start rising from the point where panic ends and demand start to rise and this is demand slowly increases and it will only burst after the previous peak is been covered and it will create a new high point by strong and speedy price action. Anyways right now the correction is also indicating that we should expect to see the rise sooner.

Hypnosis00

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Bitcoin always rises if ever it falls, there's nothing new about it since very natural for bitcoin to be like that. Just keep in mind that you need to wait for a long time until you get the price that you want bitcoin to have so you'll be able to earn more. Don't worry, bitcoin will not let you down.it will always give satisfaction to those people involved in it.

BrewMaster

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Quote from: pixie85 on April 15, 2018, 03:35:28 PM

You shouldn't base your predictions on history. For instance in the history of the world there were never any world wars, until there was one, and then another not long after.
Bitcoin might recover beyond its peak or it might not. You can't predict that! Previous crashes were from lower value, with less people involved. At some point it will have to stop growing or it will reach millions of dollars per coin.

true and not true at the same time.
it is true that you shouldn't base your prediction on history but also when you are predicting you should know about the past and have that in mind. the whole idea of technical analysis is based on the "history" so saying you should use it at all is like saying TA is 100% bullshit. of course TA is not 100% correct either!
as for the growth, it won't be unlimited but it will continue to rise until it reaches a balance between the demand and supply. for the time being the demand is rising so does the price.

Kprawn

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Yes, there is always a correction phase and some times the price goes past it's ATH, but... this should never be seen as

a golden rule. I think we have been lucky before and last years peak was very high, compared to previous years. We will see

a correction again this year, but I seriously doubt that we would break the ATH of last year. It was simply too high. Roll Eyes

Let's

hope I am wrong. Cheesy

wildflower18

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Quote from: diodora on April 18, 2018, 09:14:30 AM

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?

With all those falls, a lot of people panicked and took out their investments. They would have avoided the loss, if they had just a little patience.

Bitcoin historical can be compared on the precentage it has from the previous and upto presents. The cycle could be went down low and up. However, this positivity that you have could help and I always believe that bitcoin could hit the previous peak from last year.

EzzNju

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Intesting facts,though its obvious bitcoin will rise ,the time is what is unknown,I believe the real rise will happen in the last quarter of this year

lumeire

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Next-Gen Trade Racing Metaverse

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.

diodora

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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?

With all those falls, a lot of people panicked and took out their investments. They would have avoided the loss, if they had just a little patience.

brickafterbrickwalldpt

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We can't be 100% sure that Bitcoin will recover but you are partialy right. It seems that is slowly becoming more stable but it will take a lot of time before it actually stops rising and decreasing in value so often. I'm curious about how long it will take for Bitcoin to recover this time and start surging again. It looks like it is a good time to buy before summer. Last year, the whole thing started somewhere in May. The hype for cryptocurrencies didn't die and it seems that it won't go away for a pretty long time.

fulmetal08larz

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I believe BTC will bounce back and even surpass its previous ATH from last year. The longer consolidation phase in the market will result to institutional buyers and corporations to be attracted in entering crypto universe which could very likely be the cause of its price increase.

TheGodFather

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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 that with how the progress of the world seem to affect the cryptocurrency market. With how investors are still flocking amidst the banning and the shutting of doors of some countries and government even institutions and corporations. Bitcoin has still been the most popular cryptocurrency and with that its potential and its growth is being valued much more highly than the others which in another words would mean that bitcoin can fall but rise a little higher every fall

Pan Troglodytes

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Quote from: gold1112 on April 16, 2018, 03:08:25 AM

Quote from: Pan Troglodytes on April 16, 2018, 02:58:00 AM

Definitely there is this pattern, I have been discussing it in my posts. Of course at some point in the future bitcoin will not be able to go higher than the previous peak, and the cycle will break. But I think that we can reasonably expect it to reach 100k or 1m in one of those cycles in the future.

As bitcoin is limited to 21M and difficulty is rising I think this cycle will be very long.
When the total currency base of the system reaches 21 million coins, any type of issue will be completely stopped, after which the system will enter the third final phase - stabilization.

I think that the stabilization will start much sooner than that. After the clear use cases for bitcoin emerge (not just hodling, but real use cases based on less fluctuation of the price and general acceptance) people will start using bitcoin as currency, what in effect will make the price even more stable. It will be a kind of a negative feedback mechanism, with each fluctuation smaller and smaller than the previous one.

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