Topic: How far is the bottom for Bitcoin ? When will it peak again? - page 2. (Read 293 times)
I believe the two questions are linked: if the bottom is around 6000$, no way it doesn't reach ATH sometimes in the future. On the other hand, posting lower lows now after months of apparent bottom would worry me quite a bit. Sheningans with tether begun around 3000$ so supposedly that's the true demand bottom if everything comes to worse.
BTC Crypto currency especially Bitcoin is the most trusted crypto it can hold forever it is making a solid foundation now.In Nov 2013 Bitcoin fell to 152$ from 1163$ nearly 87% surge Bitcoin took 411days for correction,after 2013 Bitcoin feb2018 is the major correction
All crypto are currently experiencing a decline, in my opinion it is very reasonable and it will not be long to return at its peak, only bitcoin can survive to be stable.
it is true that you can not predict the bottom but with the evidence that we have at hand right now you can say with a reasonable confidence that the bottom is around $6000 and the chances of going lower than this price level and staying there are minimal.
as for the rise back up, you should be more concerned about how much you can accumulate in the time that you currently have not concerned about when you are going to run out of time.
as for the rise back up, you should be more concerned about how much you can accumulate in the time that you currently have not concerned about when you are going to run out of time.
Actually, we can't even predict exactly until when it will still be in bottom but one thing is for sure and that will be bitcoin won't be die or dead because we can noticed in it's passed experiences and scenarios of it bitcoin are really experiencing bottom for a long period of time and definitely that was has a bigger percentage of decreasing compare in to our current year but even it's happened it will continuously to grow and performed in cryptomarket so in that happened it will only means that no matter how far of it's bottoms it takes there will be the perfect time that it will booms again and reach it's highest peak or better it will perform a new highest peak record for the coming end of this year 2018.
it is practically impossible to predict the bottom by just looking at what happened in previous times. and the big price drop OP posted is only one of many big bubbles that bitcoin had in its history and most of them don't end with a big drop. they usually have a much smaller drop and in a much shorter time-frame. what we have today is one of the bigger and longer ones.
additionally as other poster mentioned bitcoin is being adopted more and more and with it the market grows, as a result the swings aren't as big and things happen much faster because there is a lot more traders and a lot more money in the market now.
additionally as other poster mentioned bitcoin is being adopted more and more and with it the market grows, as a result the swings aren't as big and things happen much faster because there is a lot more traders and a lot more money in the market now.
Bitcoin and alts have seen a massive correction since they peaked in December 2017. Some people have predicted this to be the death of Bitcoin and of all the other coins that are collectively categorised as ‘shitcoins’ in crypto terminology. But this is not the first time Bitcoin has seen this level of correction.
If we zoom out, there were at least two major corrections in the past. One in 2011 when Bitcoin fell from $32 to $2 marking a 94% correction and in 2013-14 where it took over 400 days to correct from ~$1100 to $170, which is 85% fall from the peak then. Compare this to 2018 fall from $19,500 to a low of $5850 is only 70%. This is just to provide a perspective rather than claim that it will go further.
Bitcoin Bottom
After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.
Read More: https://zycrypto.com/how-far-is-the-bottom-for-bitcoin-and-alts-when-will-they-peak-again/
I suppose that every year, the percentage of correction decreases and bitcoin is able to hold its ground. It is because the cryptomarket is developing at a slow rate and we just dont feel it. As technology improves, cryptocurrencies unlocks more opportunities in which they contribute to our everyday lives. If we zoom out, there were at least two major corrections in the past. One in 2011 when Bitcoin fell from $32 to $2 marking a 94% correction and in 2013-14 where it took over 400 days to correct from ~$1100 to $170, which is 85% fall from the peak then. Compare this to 2018 fall from $19,500 to a low of $5850 is only 70%. This is just to provide a perspective rather than claim that it will go further.
Bitcoin Bottom
After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.
Read More: https://zycrypto.com/how-far-is-the-bottom-for-bitcoin-and-alts-when-will-they-peak-again/
Bitcoin and alts have seen a massive correction since they peaked in December 2017. Some people have predicted this to be the death of Bitcoin and of all the other coins that are collectively categorised as ‘shitcoins’ in crypto terminology. But this is not the first time Bitcoin has seen this level of correction.
first of all you can't even begin to compare bitcoin drop and altcoin dumps!
for starters bitcoin drop stopped about 2-3 months ago not to mention that the bottom of the price was reached February (6 months ago) and price has not gone below it ever since. but altcoins have been getting dumped and going lower and lower each time setting a new bottom and still breaking it a week or so later.
second no body predicted "bitcoin death". don't confuse bullshit on the internet with actual "prediction"
as for death of altcoins, it happens every day, it is not news. take a look at altcoin graveyard and you'll see.
Bitcoin and alts have seen a massive correction since they peaked in December 2017. Some people have predicted this to be the death of Bitcoin and of all the other coins that are collectively categorised as ‘shitcoins’ in crypto terminology. But this is not the first time Bitcoin has seen this level of correction.
If we zoom out, there were at least two major corrections in the past. One in 2011 when Bitcoin fell from $32 to $2 marking a 94% correction and in 2013-14 where it took over 400 days to correct from ~$1100 to $170, which is 85% fall from the peak then. Compare this to 2018 fall from $19,500 to a low of $5850 is only 70%. This is just to provide a perspective rather than claim that it will go further.
Bitcoin Bottom
After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.
Read More: https://zycrypto.com/how-far-is-the-bottom-for-bitcoin-and-alts-when-will-they-peak-again/
If we zoom out, there were at least two major corrections in the past. One in 2011 when Bitcoin fell from $32 to $2 marking a 94% correction and in 2013-14 where it took over 400 days to correct from ~$1100 to $170, which is 85% fall from the peak then. Compare this to 2018 fall from $19,500 to a low of $5850 is only 70%. This is just to provide a perspective rather than claim that it will go further.
Bitcoin Bottom
After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.
Read More: https://zycrypto.com/how-far-is-the-bottom-for-bitcoin-and-alts-when-will-they-peak-again/
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