Do we still expect a repeat of 2017 ? - page 3.

Tungsten-1

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Quote from: dillpicklechips on October 30, 2019, 12:02:37 PM

Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

Honestly upto now bitcoin is still recovering from the last year downhill that made the price of bitcoin lowest or lower, lots of speculation of some users their assuming that bitcoin is over that the bubble of bitcoin just popped, even me though i thought there would be no hope but i quite shock until now that bitcoin is now recovering and coming to its price back and sooner or later, mid summer of 2020 we can assume there would be a bull run since lots of factor that technically can affect the wide range price of bitcoin.

I think at that dump of bitcoin everybody was very shocked and due to which a lot of people were very disappointed and thought that bitcoin is finish and sold all their bitcoin, but still there were many people who remained calm and hold bitcoin because they were sure that bitcoin will recover again and bitcoin will rise again, and now bitcoin is coming back to its price again and in the year 2020 or in the end of 2019 the bull run will stabilize the price.

imstillthebest

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it was over . 2017 cycle repeated earlier this year . didnt you guys notice on the quarter one and two that we experience some good gains or a good boost on the price after the 2018 catalyst ? that give a hope to everyone else on this space however eventually the trend slighly change . i guess we will end the year without really a good bang but im expecting for at least 10k on the value of btc before anything else

DegenData

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Nobody knows the future but there's some things in the works that could trigger something similar next year or beyond.

The Bitcoin halvening is around May of 2020, right now about 1800 Bitcoins are mined every day, at today's prices that's around $16 million in USD value created every day. It's questionable if there's that much in new demand for BTC on average every day, but once only 900 are created everyday if BTC is still the global standard things will be looking up.

A lot of people smarter than me are thinking ETH could boom if ETH continues to be the platform of choice for DeFi and dApps.

The 2017 boom was partly from noobs entering via word of mouth, Facebook was full of posts by people telling their pals to get into XRP and ETH. After the market crashed and many of these hodlers got burnt there's a lot of negative sentiment by normies toward crypto, but the halvening and short term memory could bring fresh blood again.

sunsilk

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I don't expect that same cycle will happen for this year. We're just 2 months away for this year to end although there can be a lot of things that can happen within a very short period of time but I'm not expecting a lot.

I've expected a lot last year and I found myself wrong with those expectations and became disappointed. That's why I'm looking forward to a better year but not the same expectation that I've made last time.

adaseb

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I am pretty sure by the way the markets are going people are assuming we will get a repeat of 2017. Its almost November and everybody assumes that November will be a bullish month because for the last 10 years or so (except 2018) it was always a bullish month and this is why people are overleveraging themslves on the futures again. Yesterday there was a large futures premium and a large funding rate for the bears because too many people were overly bullish and the fact that we got a huge down candle like yesterday proves that.

Another issue why its a repeat is what is going on with the alt markets. People are basically expecting alts to out perform BTC and they are started to buy alt coins this week. Many of the large cap alts started to rally and the easiest way to tell this is when ETHBTC broke the 0.02 ratio to the upside and how BTCUSD tanked during at exact time. Some whale unloaded their BTC and bought ETH instead. Most speculators are buying alts because the potential profit is much greater than just holding BTC by itself.

exstasie

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Quote from: buwaytress on October 30, 2019, 07:35:48 AM

Yep, and while it's tempting for a rationalist to think that 2019 bears very little to 2017 in terms of fundamental and existential threats (at least on terms of scale), Bitcoin has never really needed rationale to jump in its parabolas. We had the civil war with big blockers, people all thought it was the death of Bitcoin but no one expected what came after.

It made perfect sense though.

Markets hate uncertainty. Heading into August 2018, we had huge uncertainty around the UASF chain fork threat and the Bitcoin Cash fork. Once everything went smoothly on August 1st, all that uncertainty was resolved. The black cloud over the market was lifted. We were already in a strong bull market, so the logical course was for it to accelerate.

o48o

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

Well don't know about "we" but i am. Not sure about the time frame but i am getting same feeling i got in 2016. I don't believe in exact repetition but more of exponential version of it and longer it takes the bigger it will be and fundamental reasons for for speculative pump are better then ever.

Hamphser

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Quote from: hahay on October 30, 2019, 11:18:30 AM

Quote from: Hamphser on October 30, 2019, 10:02:50 AM

Almost two months left before the end of the year and the price is keeping its pace at the range of $10,000. Ever since it touches the $13,000 range it never went to $14,000 above anymore. But instead it keeps playing the $10,000 below range. I won't expect another repeat of bull run next year just like what happened in 2017 if the price would stay the same just like this.

I'm sure next year will be better and it looks like a big pump will happen, we are approaching the end of the year and prices are showing a slightly better change because maybe sentiment has dimmed. Anyway, the repetition will definitely happen I just need to continue to wait and be patient because there is still a big opportunity for prices to reach the moon, because when the growth of the crypto market continues to grow it is very unlikely for prices continue to decrease.

I almost lost my interest in this bull run if next year we won't see another break that most people start to hype then there is definitely no bull run like in 2017. But i am expecting too that bull run would eventually going to happen next year and we will see a sudden hype that would start to rise the bitcoin price. Halving should prove something every four years so that we investors and traders have something to expect.

DaveWave

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Errbody wants a repeat of that 2017 golden year. But everbody do not want to experience again what happened the whole year of 2018. I am not expecting another days or weeks of big pumps because one year of dumps may follow. Look at what happened last days ago, a big pump and then followed a big dump.Experienced traders and investors in crypto market are more cautious now. A big increase in price means they also need to take profits fast enough.

dillpicklechips

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

Honestly upto now bitcoin is still recovering from the last year downhill that made the price of bitcoin lowest or lower, lots of speculation of some users their assuming that bitcoin is over that the bubble of bitcoin just popped, even me though i thought there would be no hope but i quite shock until now that bitcoin is now recovering and coming to its price back and sooner or later, mid summer of 2020 we can assume there would be a bull run since lots of factor that technically can affect the wide range price of bitcoin.

ReiMomo

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Quote from: hahay on October 30, 2019, 11:18:30 AM

Quote from: Hamphser on October 30, 2019, 10:02:50 AM

Almost two months left before the end of the year and the price is keeping its pace at the range of $10,000. Ever since it touches the $13,000 range it never went to $14,000 above anymore. But instead it keeps playing the $10,000 below range. I won't expect another repeat of bull run next year just like what happened in 2017 if the price would stay the same just like this.

I'm sure next year will be better and it looks like a big pump will happen, we are approaching the end of the year and prices are showing a slightly better change because maybe sentiment has dimmed. Anyway, the repetition will definitely happen I just need to continue to wait and be patient because there is still a big opportunity for prices to reach the moon, because when the growth of the crypto market continues to grow it is very unlikely for prices continue to decrease.

It is possible, as a promising event that nearly happens and that is next year the next halving is expected next year and hopefully, the price will surge and hit again the price compared in the year 2017 the bullish happen on bitcoin price. However, we can't conclude yet a right prediction because the crypto market is unpredictable. That is right, our hope will be there is we have patiently wait when it is happening.

shield132

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

I personally expect to see the repeat of 2017 again and I have some reasons why I believe in it. At first remember what caused rise in 2017 year? People had huge hope that with halving they would reach 1000$ again because halving in reward means less bitcoins mined which just have to push price to rise and we got it, even more, from 600$ we reached to 20k usd.
What we want currently too? To see price rise again and not fall even deeper, so I think with this wish and halving which will revive hope among people, I expect to see serious price rise again.

Colt81

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

Indeed. 2017 is the golden age of bitcoin which it increased it's price up to $20,000 that most of us earned a huge profit from it, and it all goes down in the starting year of 2018 that we experienced a huge losses. In my own opinion, we could experienced that again in the year of 2020 or 2021 because as of now i see that bitcoin is now recovering it's price from it's downfall, so it could increased it's price again up to $20,000.

hahay

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Quote from: Hamphser on October 30, 2019, 10:02:50 AM

Almost two months left before the end of the year and the price is keeping its pace at the range of $10,000. Ever since it touches the $13,000 range it never went to $14,000 above anymore. But instead it keeps playing the $10,000 below range. I won't expect another repeat of bull run next year just like what happened in 2017 if the price would stay the same just like this.

I'm sure next year will be better and it looks like a big pump will happen, we are approaching the end of the year and prices are showing a slightly better change because maybe sentiment has dimmed. Anyway, the repetition will definitely happen I just need to continue to wait and be patient because there is still a big opportunity for prices to reach the moon, because when the growth of the crypto market continues to grow it is very unlikely for prices continue to decrease.

Pearls Before Swine

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

are we still expecting a repeat of 2017 for the end of 2019

No. And if something like that happened before the end of the year, it will end in disaster.

Quote from: Wysi on October 28, 2019, 04:12:08 PM

or beginning of 2020 ?

I wouldn't even say that we'll get a repeat of 2017 in the beginning of next year. First of all, I'm hoping there's no repeat at all. Obviously the gains in the price were great when they happened, but the aftermath sucked and the market is still recovering from that. Don't know about you, but I don't want that to occur again.

I'd be happier with slow increases rather than huge spikes, and the former are more easily digested by the market and won't necessarily result in a huge correction. It baffles me why so many members of bitcointalk seem to want the price of bitcoin to go to $20,000 by next week. They obviously don't realize what will happen shortly thereafter.

acroman08

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

there is no way to tell, nobody expected the bull run in 2017(other than the random guesses) there is also not enough data to be considered reliable
to prove if there will be another bull run this year. but there is also no way to tell that we are not going to experience another bull run this year.

djsugar

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Quote from: Wysi on October 28, 2019, 04:12:08 PM

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

If you remember, BTC was worth $1k in the start of 2017. Crypto wasn't that popular. During the middle of the year, traction started coming in. There was fuss about hardfork and the air drop of BCH because of which people started talking about Bitcoin on news. Slowly and steadily, more people came and by the end of October, there were enough people for big exchanges to manipulate the market and earn through it. That's when the manipulated started and the hype took the price to $20k which was short lived.
So, I highly doubt the repetition of that scenario again.

Hamphser

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Almost two months left before the end of the year and the price is keeping its pace at the range of $10,000. Ever since it touches the $13,000 range it never went to $14,000 above anymore. But instead it keeps playing the $10,000 below range. I won't expect another repeat of bull run next year just like what happened in 2017 if the price would stay the same just like this.

wheelz1200

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Quote from: error08 on October 30, 2019, 07:30:14 AM

We can't expect bitcoin to be bullish like in 2017 till the end of the year, considering 3 months left until the beginning of 2020, bitcoin probably can reach $10,000-$12,000 according to some TA that I've seen which seems more likely to happen as bitcoin price still above $9K level.

Short term charts are unreliable. Show me one chart that says $10k-$12k in 3 months and I will show you another that says $6-7k. Which one is right?...probably neither lol. Short term trading is a guess and crossing your fingers at best. Long term you can predictably say that this price range is desirable whether its $8k, $6k or 11k so buy in increments on the way up and down and you should be fine

buwaytress

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Quote from: BrewMaster on October 29, 2019, 11:20:00 AM

we have been seeing the same patterns of rise, rise, rise then fall repeated for over a decade now so it is not the farthest idea to expect it to be repeated again and again in the future for another decade too.

on top of that the market is building up and moving in a very similar fashion so far which can only suggest that we are indeed in the same patterns. right now it is similar to 2016, 2012 and possibly more matches in the past. and that makes 2020 a similar year to 2017 with big rises starting slow at first and speed up to end up in another bubble probably this time at $100k+

Yep, and while it's tempting for a rationalist to think that 2019 bears very little to 2017 in terms of fundamental and existential threats (at least on terms of scale), Bitcoin has never really needed rationale to jump in its parabolas. We had the civil war with big blockers, people all thought it was the death of Bitcoin but no one expected what came after.

But if what didn't kill Bitcoin only made it stronger, maybe this time it won't be anything obvious that shifts the next move up.

P.S. I'm that rationalist!

Topic: Do we still expect a repeat of 2017 ? - page 3. (Read 791 times)