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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privacy preserving smart contracts and beyond

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.

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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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.

bitctrimor1

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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?

Good observation and listing mate. I think so too. Bitcoin has always had that characteristic that it would be dormant or stagnant for a long time before it begins to catch fire and surge in such a staggering rate that it usually doubles, and sometimes, triples its value. However, what I notice is that the time it takes for Bitcoin to do that becomes longer and longer each year, before, it happens in a cycle of a six month period more or less, but now, it takes roughly about nine months to year to show the same cycle.

aso118

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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?

If it were so easy to predict the future based on past rebounds, most of us will be rich. What also matters is the time taken for Bitcoin to rebound. If bitcoin takes a couple of decades to rebound from the current crash and I am in my grave by then, it doesn’t benefit me a great deal, does it?

Pursuer

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

two conclusions can be made from this.
the most interesting one is that as the market grows (not necessarily because of market cap but mainly the volume and number of users) the volatility decreases and the big drops also decrease with them.
the other interesting conclusion is that bitcoin price is rising in long term. this may not be the obvious one but if you look at the charts, you can see the price is rising no matter how many and how big a drop it has.

harobaru

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after some months bitcoin currency price crosses its peak. its price crosses 15 lacs easily.

bitgolden

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It has always been a normal thing ever since I got in, so this is not the first time I’m seeing such happen. It’s only those that understands that will continue to HODL no matter what is happening right now, though I don’t expect everyone to hold, there supposed to be people selling off too. The price has been rising, but the one of 2017 was really high, so I don’t know how it’s going to be in this year. I just hope that it at least reaches a rate of $20k or so.

BrentMack

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That is how bull market have always worked the new bull market will always recover past the previous ATH and will start doing numbers that are double that price which is what draws a lot of new and potential investors into the market.

marcuslong

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Quote from: izanagi narukami on April 16, 2018, 03:53:36 AM

Bitcoin still consider as high value investment , it means that many people still interest on it.
I won't be surprise if one day bitcoin will reach another high value so for me as investor, I try to keep purchase every month and keep Hold as long as possible.

I also believe, bitcoin always have uptrend from year to year !

Yes that's true actually every year bitcoin has a good breakthrough even though we encountered hardships that really give's us fears to face the challenges in every days of our lives. Purchasing another investments will be better if you have plenty, but if you don't then its time to sell you asset if you need that for your daily living and personal projects. Just wait for that good timing to come and always expect something surprising these months to go of this year. Trends always gives us hope but don't be too excited because sometimes it fluctuates in bad behavior, so always stay lean and calm.

batang_bitcoin

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Nice chart, we seen on how bitcoin is recovery after a massive dump.

Quote from: zhanyiguai261315 on April 16, 2018, 03:58:04 AM

BTC is now on the rise and is expected to rise to $10,000 by the end of April!

$10,000 by the end of this month is peanut to bitcoin, let's all wait and see if this is the start of true recovery phase for bitcoin.

Aryadwipanggah

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Any predictions of bitcoin prices may be legitimate and some even predict as if they are beyond the logic of the price, but the crypto world is all happening and I will just follow the price, throw away my thoughts from the predicted price of the fantasy

Xenrise

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Merit: 251

It will always go up guys. You just need to believe on bitcoin. Trust is probably the key. Because with trust, we can have the urge now to buy bitcoins. It might be the problem to all people. They distrust crypto when they "lose." But they didn't know that they didn't lose. It is just the start of their win. Because of a great dump, there goes a great pump

.

zhanyiguai261315

member

Activity: 392

Merit: 10

Any digital crypto currency will bounce back when it hits bottom.

Historical data shows that BTC always falls in March, and rises in April!

BTC is now on the rise and is expected to rise to $10,000 by the end of April!

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Bitcoin still consider as high value investment , it means that many people still interest on it.
I won't be surprise if one day bitcoin will reach another high value so for me as investor, I try to keep purchase every month and keep Hold as long as possible.

I also believe, bitcoin always have uptrend from year to year !

jseverson

hero member

Activity: 1834

Merit: 759

I'm sure Bitcoin can shatter its $19k peak, but it's looking like it will take time for that to happen. And once it does, there are no guarantees that Bitcoin can keep doing the same thing. It's going to reach its apex at some point. Heck, it might already have, if adoption and technology doesn't improve.

It's far better to draw people in with technology and utility rather than price in my opinion, as those are far more stable and predictable.

aileen393332xe5157

member

Activity: 364

Merit: 10

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?

Based on the graph you provided, Bitcoin has seen similar fluctuations in recent years. It was so discounted that people thought of its disappearance and then it rose and rose higher than it fell. This proves that Bitcoin is increasing over time and that it is much stronger and stronger.

Umar001

member

Activity: 308

Merit: 14

I totally agree, bitcoin price will recover beyond previous peak, from the previous experience,after bitcoin crashed, the market price always appreciated beyond the previous peak.

mbah

sr. member

Activity: 700

Merit: 251

needs to be seen is also the cause of the fall in the price of each of the bitcoin. This is certainly an important factor because of not all of the same cause. as this year I think is different with the fate of the previous year. but the increase is indeed going on but it will take place step by step.

Cofee.BLUE

sr. member

Activity: 546

Merit: 250

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?

That is only one of the prediction and maybe speculation also but the most important is the present and the future. I don't think if it's better idea when we only referring to the graph in the pass years because everything can change. But even if that is negative vibes I'm still believe that bitcoin can push itself to have it's recovery and perform better again in the market. However, as of now it is has a better movement and I'm hopefully it will last for a long period of time and reaching it's higher pump.

A1exander

full member

Activity: 336

Merit: 102

Past performance is certainly not a guarantee of the future, but I think it is very probable that the cycle will repeat again, maybe more than once. Bitcoin is too good an instrument for big speculators to stop.

Wabaman

jr. member

Activity: 30

Merit: 1

The good thing about bitcoin is that, no matter how low the price crushed, eventually it will recover and suprisingly exceeds its previous peak. Which is a why bitcoin is still the best cryptocurreny to invest with.

avikz

legendary

Activity: 3080

Merit: 1500

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.

I somehow agree to your argument here, that we should not predict any future events based on the past! That's true for real world and the example you have given here. I can also add to it, that there was a global financial crisis in 2008 but that doesn't mean it will happen again because we have learned from it and moved on. But when I talk about technical analysis, it gives me a different picture all together.

This particular chart type is know as "Bullish Symmetric Triangle" in technical analysis. This is exactly what OP is talking about. The representation is similar to the below chart,

As per technical analysis coupled with trend analysis, once the price moves beyond the breakout point, a sharp increase in the price follows. So lets just hope that it happens. I know that technical analysis means very little in bitcoin and crypto market because of its nature. It's the raw reflection of human emotion around the world and it is very hard to predict the future. But technical analysis is just a tool for speculation and nothing else. I believe we have many bitcoins in our cold storage and if the price increases, it's good for all. Lets just hope for the same, even if history repeats itself!

rumexx

full member

Activity: 476

Merit: 100

I am a strong believer in the resilience of bitcoin. I am sure that it will recover and hit its previous peak to the admiration of all and sundry. Bitcoin is all and will ever remain.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

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 has been doing this in the past days so it will do in the future too in everyone's opinion.But there are many people who will start to say bubble burst and bitcoin is dead when the prices starts to fall so i think they need to see this cycle before saying that stories.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

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?

Everyone has the right to elaborate their prediction and speculation but for me I'm not only base in what we see in the pass scenarios I do base in the present because I believe in the saying that Pass is Pass and there's a lot of things or changes that is possible to happen in maybe just in a single minute. So I'm much believe in the what can I actually see for now because I know that no one can predict what will going to happen in the future so it is better to do is I keep my eyes on the movement in the market so I can quickly do a better action. However, I also believed that bitcoin will meet it's fully recovery soon.

gold1112

jr. member

Activity: 196

Merit: 7

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.

GoldenLad

member

Activity: 266

Merit: 12

I personally know it will recover. I don't care what anybody else is saying or thinking, if you allow yourself to be easily manipulated by some FUD or anything then its your own loss. It takes a patient investor to gain from cryptocurrency. It's in the nature of cryptocurrencies to be unstable and sometimes this instability is as a result of the correction going on in the cryptocurrency market.

Pan Troglodytes

member

Activity: 392

Merit: 39

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.

Ctn

sr. member

Activity: 644

Merit: 259

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?

Okay good one but but you do realise that the graph is from 2017. Tongue

Anyway that cycle shown in the graph doesn't seem to be following in the reality. I mean it just look like the cyclic patterns made with the copy paste job and shown on the higher scale thats all.

However if we see the numbers then we do have similar kind of pattern in reality where prices has always dumped in the Q1-Q2 and then again rise back before the year end. This is continuing since many years and will follow ahead to rebounding the prices to higher one in the side to end year.

itglobe

newbie

Activity: 20

Merit: 0

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?

https://i.imgur.com/pu3rzKl.png

It's true that predictions always make on the previous history after seeing the actual graph. Reverse engineering is good but doesn't rely on any other's opinions and predictions. Instead, always follow your feelings so that you won't feel regret at any cost. Let's hope for the good change in BTC price in this year.

EdfuJihad

member

Activity: 169

Merit: 10

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?

The idea is exactly the sane idea i had in mind. For the past years bitcoin dealth with fall in price. But this kind of fall creates more and mote popularity and investors buying in and involving theirselves in the business. The fall of btc is the actual rise of incoming hike for more supporters and audirnce

Jonsnowstark

full member

Activity: 364

Merit: 101

Yes i believe so it eill. Many people against bitcoin has been attacking it to bring its price down and yes for a moment, they were successful. They brought down the price brcause by the time they release fud or negative news, many weak hands give up their coins and has vastly contributed to the dump. Since the price is lowered down, most of the strong hands bought more coins, hence strengthened and brought the value of bitcoin back up.

babyaia

newbie

Activity: 164

Merit: 0

Prediction or wild guess is not bad,but do not rely so much on the prediction of others because in the end if you put all your trust in their predictions you might loose everything you have.

Snarks

member

Activity: 196

Merit: 17

EFFECT.AI▲Decentralized network for A.I

Quote from: KingScorpio on April 15, 2018, 03:45:00 PM

Quote from: Snarks on April 15, 2018, 03:42:44 PM

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

i am questioning weather he truly believed what he said or weather he just wanted to appease bitcoiners, to make them feel better.

I doesn't matter. If the idea spreads and people start believing it, it's bound to happen. There's a name for that, it's called a self-fulfilling prophecy.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Snarks on April 15, 2018, 03:42:44 PM

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

i am questioning weather he truly believed what he said or weather he just wanted to appease bitcoiners, to make them feel better.

Snarks

member

Activity: 196

Merit: 17

EFFECT.AI▲Decentralized network for A.I

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

KingScorpio

sr. member

Activity: 1470

Merit: 325

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.

you get one merit from me for this, i hope many people will understand, that thinking based on assumptions on extremly limited input is not very fruitful, you can do that in math, or in craftmanship or in engineering but not in economics.

pixie85

hero member

Activity: 2184

Merit: 531

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.

KingScorpio

sr. member

Activity: 1470

Merit: 325

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?

wow you almost earned merit for this post,

there is however a huge problem in this interpretation,

as it is a very thin one dimensional one,

bitcoin is interconnected in a very complex world,

that is changing quickly there is no way bitcoin is some kind of sinus curve ever growing, its only being promoted this way, but i once wrote an article regarding an issue, that is:

that bitcoin was initially supported by many to create freedom from the banking cartels, and after that many competitive projects started to exist.

these will fight for attention in the economy.

you will see bitcoin will be opposed by similar forces that have initially promoted it.

many in this forum will still not understand why.

regards

ManaMan

member

Activity: 238

Merit: 38

Not only the fall is smaller but it took more years for this to accumulate and happen.

Although price can raise, but its like unbelievable to follow your statement it will always recover, meaning that it will always raise in value. In my opinion yes it can raise but not forever.

2fresh

hero member

Activity: 782

Merit: 500

Funny cycle which I don't know you should value too much.
Although I do think an ATH is coming.

gold1112

jr. member

Activity: 196

Merit: 7

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?

Topic: BTC will always recover beyond its previous peak (Read 489 times)