Does anyone else think it's feeling like 2014 all over again? - page 2.

pooya87

legendary

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Quote from: talks_cheep on January 16, 2017, 07:35:43 PM

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

well anything is possible with bitcoin price

but the likelihood of it is slim.
in 2014 we were in a period after a pump, a big pump with fake numbers from Mtgox and all the FUD that came after it caused the downward slope. but this time nothing is similar to the rise.
if you want to compare you shouldn't only compare the after math but also what happened before the rise too.

p.s. $860 right now!

Doms

hero member

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Every year is a different year in terms of price movements. 2016 was a unique one with swings unpredictably showing here and there, but so were the declines. I doubt if 2017 would be any different. It will be another year full of surprises, and predictions this early in the year would most likely be forgotten by the time we are in the middle part of the year.

Money Maker Shaker

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no this is more like the early 2013 to me.
the time when price was still low with a tiny bump to rise up and then come down to shake out and finally in late 2013 the big rise came. and now we are waiting for the big rise to $3000

rogerwilco

member

Activity: 107

Merit: 10

Quote from: MatDerKater on January 16, 2017, 09:05:36 PM

Quote from: talks_cheep on January 16, 2017, 07:35:43 PM

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

Yep.

Bitcoin has had it's parabolic blow off top, and in comparison with 2013 and 2011, the interest is just not there, at least not from outwith China. Joe has been burned by Bitcoin too many times by now, both through 'legit' manufactured pump n dumps and from exchanges just outright stealing from it's customers.....

USD volume is a mere fraction of what it was during previous pumps and google trends shows also a distinct lack in interest compared with previous blow off top pump:

Of course, there are still 'believers' who think they are getting 'cheap coins' at $800 range, but I would wager that nervous bagholders outweigh them....and besides, that pump was 100% Made in China, and the PBOC has just announced they intend to investigate the big Chinese exchanges. If the Bitcoin Cowboys are all scurrying around with their tails in between their legs, busy trying to get their ducks in rows for the PBOC, who is left to really drive the market up?

I would be very surprised if bitcoin didn't go on and have another pop at $1000 or so, but I wouldn't be expecting any new highs anytime soon.

Ah, the old "it's so similar yet not really similar at all... so it's all bad or something". You sure said a lot without really saying anything at all.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Totally, we are going to go under $200 all over again Cheesy

can you guys see that red price? good because it's a thing around here lol, if bitcoin is defined by specific country and market in countries like china or US then better now to quit being a fan, trader, supporter and find some other way, oh wait other ways are under governments asses and boots.

Bitcoin has no borders and knows no authority but protocols and command lines.

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: talks_cheep on January 16, 2017, 07:35:43 PM

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

We don't have the signals pointing towards that, I think we are going to see some spikes in price and also lower prices than the one we have, but we will see nothing like what we saw back then.

Huge Black Woman

sr. member

Activity: 322

Merit: 251

NAW, SPLANGY. This ain't nowheres near 2014. That shit was crazy back then. We gots a bubble sorta, but we reboundin' like Charles Barkley way back when I was inna stroller. Now what we got was a drop of 'bout $200, an' I amost choked on a hot dog at dat one. But that bitcoin. It always be thissa way. Y'all need to strap yoseff in, 'cause it's like a dam rolla coasta at Sex Flags in Jersey.

MatDerKater

full member

Activity: 138

Merit: 100

Quote from: talks_cheep on January 16, 2017, 07:35:43 PM

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

Yep.

Bitcoin has had it's parabolic blow off top, and in comparison with 2013 and 2011, the interest is just not there, at least not from outwith China. Joe has been burned by Bitcoin too many times by now, both through 'legit' manufactured pump n dumps and from exchanges just outright stealing from it's customers.....

USD volume is a mere fraction of what it was during previous pumps and google trends shows also a distinct lack in interest compared with previous blow off top pump:

Of course, there are still 'believers' who think they are getting 'cheap coins' at $800 range, but I would wager that nervous bagholders outweigh them....and besides, that pump was 100% Made in China, and the PBOC has just announced they intend to investigate the big Chinese exchanges. If the Bitcoin Cowboys are all scurrying around with their tails in between their legs, busy trying to get their ducks in rows for the PBOC, who is left to really drive the market up?

I would be very surprised if bitcoin didn't go on and have another pop at $1000 or so, but I wouldn't be expecting any new highs anytime soon.

mundang

hero member

Activity: 1008

Merit: 500

Quote from: talks_cheep on January 16, 2017, 07:35:43 PM

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

Move on. 2017 will not be like 2014. If we reached the lowest price of bitcoin from the year 2014- 1st month of 2016..then 2017 will be the year of getting the new ath of bitcoin. No more drops in price ,it will be stable at 800$ for sure.

talks_cheep

legendary

Activity: 1036

Merit: 1000

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

Topic: Does anyone else think it's feeling like 2014 all over again? - page 2. (Read 1567 times)