Topic: If history repeats itself: 2023 vs 2019 - page 4. (Read 926 times)

Everything in this world is relative, not absolute, it's all speculation and hope. We have no basis for predicting the future other than based on history, I believe history will repeat itself until new history is formed. History repeats means bitcoin has fallen and will rise again after that, we can't claim that history will repeat itself in every detail. Maybe the 4-year cycle will change, but eventually, bitcoin will rise again and hit a new ATH is still called history repeating itself.

One of the main reason on why people do really tend to gamble out with shitcoins which is specially with meme coins is that they are really that aiming that thousand times multipliers and make themselves that rich.

This is the actual reason on why they arent tending to secure themselves into those top and established coins but rather chasing up into those low caps which it doesnt assure out the success rate.

It is really just depending on a certain individual though because not all could really be able to handle the risk and some do really love on playing safe at least, not totally safe but rather less risky.
History could neither repeat or not and there's no way that we could really be able to tell on what would happen in the future.

Choosing the right coins is not hard but many people think that "what if the next bull season will be the same as before where shitcoins are rising multiple times than Bitcoin and ETH". They have some reason and I believe that was possible but the risk is to high and the possibility of losing our money as well because what if it never happens?
However, choosing Bitcoin and potential altcoins is the safest investment compared to shitcoins, especially if we are holding long-term. And I encourage people to stop thinking history repeats itself as it might not happen in crypto.

I think the biggest reason for that type of prediction is the fact that we have seen the similar kind of movements before and that means we are expecting the similar kind of movements to happen yet again. It literally resembles what has happened twice already, and this is going to be a third time that it happens, not saying it has to be exactly how it happened before, but just the direction at the very least.

This is why I believe that even though we may not look awesome right now, and even though maybe our predictions could be wrong in the end, it's just our prediction, I believe it will be fine and go up during 2024 but that is just a prediction and nothing more.

The saddest part is when people start understanding the value of waiting, but then do it for a shitcoin and lose a lot of money and start considering that as a wrong move. The reality is that holding is great, but if you are holding a shitcoin then the problem is not with the waiting but about picking the right thing, it will end up with a trouble.

However, if you end up with something much better, like bitcoin or ethereum, then holding is actually quite good and should be valuable lesson for sure. I personally believe that the best thing to do is providing people with a good return in the long run with good coins, and for that to work we need to make sure we promote bitcoin and the likes.

Do you know that know specific proof to show that Bitcoin will reach such magnitude height in 2024,we all just pre assumed such because we have experience or witness Bitcoin accelerating in some point of reaching or turning four years, base on my understanding, i believe that what determines the acceleration of Bitcoin is the determinant of the demand of Bitcoin and the quantity supply usual.

Everything could possibly change and all the said factors could trigger the market to look not the same. Maybe for some events, it looks the same but the entire year's performance could be really far different from what we have experienced in the past. And even thinking of $100k in the next ATH might not happen because a huge number of investors now are not having the same mindset as before. Well, that adoption is really a big contributor to the market changes.

Besides requiring patience, we also have to be able to hold promising coins that can give us future profits. But many people can't be patient and have strong hands holding their bitcoins and waiting until the price increases. So if this year is pretty much the same as 2019 but those people still can't hold their bitcoins until the price goes up, they can't get the desired results. And at a time when the market is still volatile as it is now, it requires more patience and waiting for the market to recover and be able to get another long rally fully.

I'd never expect a huge pump or dump as well and the situation isn't really good for short-term holders as they certainly are taking to hold longer time than the usual thing they do. The market will just be showing huge changes when there is another market drama like a scam, FUDs, and manipulations but something we have missed it this February making the price movement very slow. But I never say it was unfortunate yet it was a good chance for the investors to accumulate more before the huge pump kicked on.

Being volatile is staple in cryptos so you guys shouldn't be shocked at all when you see saw the price moves in up and down direction. We are still bullish as long as we don't go below $20k. As of now the price is at $23k and it seems that there are no signs that it will fall down there but it was still ready to climb back to $24k and $25k at any moment.

Many are expecting that Bitcoin will end this first quarter with a $30k in price. That's not bad but $40k and onwards could likely be seen on the 3rd or 4th quarter of the year because I am sure that there are lots of corrections that will come along after. Investing in Bitcoin can be done in any market conditions because it will still recover and pump more in the future.

The meaning of not being easy in investing is holding back and waiting for the desired price more patiently besides having to have sufficient capital at the start. Now investment must be considered as important because everyone should also know that some Cryptocurrency assets are indeed worth bringing into investment and can create a brighter future if it is profitable.

I think that 2023 will be much better than 2019, because if we take Bitcoin as an example, I still believe that the potential for Bitcoin will increase more this year so that it will be very different from 2019. I believe this is because there are more people who have started to see Bitcoin as a more important investment asset so that some developed countries are willing to look at Bitcoin to create a different future in their respective regions.

Yes the market situation is very volatile at the moment. The Bitcoin market has been bullish since the beginning of the year but now we are in a dumping market. Although the market has increased a lot in the first stage, now the market has started to go down again, how much it will go down is not accurately understood. Maybe by the end of this month or quarter we'll see Bitcoin maybe around $30,000 to $40000. And yes before investing you must consider the market conditions.

Yes, there are always surprises in investment, so as long as we prepare a plan for two scenarios, we will never panic and fall into a passive position. Cryptocurrency is just a game of patience, as long as whoever can endure it the best, the reward will go to that person. Many people say investing is not easy, but if you know how to wait patiently, it's easier than we think.

Why wouldn't it though? That's the question we need to ask ourselves, why wouldn't bitcoin repeat itself? It has the capacity to go up like that and it has the potential to double once again, even quadruple along the year.

If you remember 2019 good enough, you would know that 14k was seen that year, which means that we started at 3.5k, reached to 14k but dropped to 7k, and if you applied to this year, we could see 16k becoming 64k for a while before dropping to 32k. Maybe not exactly like that, but I can see the price going above 40k for a while and I think it is going to end up with a good amount of return for most investors who get in right now and earlier.

It is still difficult to compare the past with the future, apart from the fact that they are very different. Isn't it true that as time goes by bitcoin goes up and up and there is a repeated occurrence? in Bitcoin's value? I think most people know, don't they?

Perhaps the only thing that happens repeatedly is the increase and decrease of its value in the market, then every time the bitcoin halving comes, the value of bitcoin increases repeatedly in a way that we don't expect will always happen that it will reach this price.

Probably not the exact same scenario but almost the same price trend, this has been the situation on many market like stocks and forex so I believe its also possible to see in cryptomarket the same picture even if its on a different level or different volatility. The demand and supply will always affect the market trend, the adoptions will also play a big role as cryptomarket is still not accepted by many while the economic growth also matter as we are about to rise from the pandemic downfall.

Well, we're in a speculative market and most things that we see is all about speculations. Sometimes they're right and sometimes, they're all wrong.

Volatility means a lot that no one can exactly time the market and give an accurate prediction. But, what's the beauty of it is that everyone who's giving some points, speculations and predictions are great to read and study.

I couldn't agree with you all but I also believe in the 4-year cycle of the market yet I wasn't really confident to see the same path again. Of course, the current situation is even better than last year as we are recovering from the bear season. Yet, we can't just say that we are moving far from the last year's situation, and anytime, the price of Bitcoin might drop again.
I'm not too much believer about the history repeat itself because it was to hard to rely on it from unpredictable market.

Personally, I don't see how staking or stablecoin bans will effect Bitcoin, this will simply effect other cryptocurrencies. I know people will think this will be bad for all crypto and therefore Bitcoin, but instead it could be bad for crypto excluding Bitcoin. For example when Bitcoin is going down then hedge funds / exchanges collapsing and liquidating will directly effect the price, but if Bitcoin is rising, the situation may be very different.

Also to note 2019 was the year Bitcoin's market dominance increased from around 50% to 70% (+35%), after making a low around 40%, and I very much think the same dynamic can happen this year, by comparison from different levels from 40% to 55-60%. We've already seen a 10% increase from recent lows, and I imagine this is set to continue should Bitcoin continue to the upside. This could in turn mean  bans on exchange staking, stablecoins, even DeFi, could well cause money to flow out of these cryptos and products and back towards Bitcoin if it is considered a safe haven and immune from direct scrutiny from the SEC. Obviously in a bear market money will flee back to fiat, but when Bitcoin is in a bull market and unaffected by these regulatory issues, then that money is more likely to flow back into Bitcoin. At least, imo.

The fact that Bitcoin hasn't really claimed any market dominance back since the highs in 2021 tells me that it has a lot of ground to make up and this may well be the cause that helps it achieve this.



Just like Bitcoin's price, it's market dominance appears to flipping bullish again after around 20 months consolidating near the lows, with the usual bullish divergence on various indicators.

If you mention about an unstable market condition, you should mention which market condition so that the direction is clear. Because if you don't mention about certain market conditions for certain products or assets, then it will be interpreted very generally by everyone.

But when you mean the market conditions for Bitcoin, it is clear that Bitcoin has never been stable in terms of price and that has not only happened at the moment, but has also happened a lot in the past because basically Bitcoin is not a stable coin whose price is very difficult move. And for now the price of Bitcoin on the market is still very close to the range of $ 24K, which means it is not too far from the price of $ 25K that was reached by Bitcoin this month. So I don't think Bitcoin is in a bad state right now because in general it's still very good.