is 2017 the new 2013? | Bitcointalksearch.org

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Quote from: whyrqa on November 27, 2017, 02:24:28 AM

Quote from: DrGuns4Hands on July 07, 2017, 09:19:06 AM

nope bitcoin todate is better than 2013 imagine the price of bitcoin today and 2013 it's so not the same. bitcoin now has a lot of users and more support than in 2013 and also bitcoin has improved alot since bitcoin became popular back then. bitcoin now is more better than 2013 regarding the advantages and benefits of bitcoin todate than before.

I think it would be inappropriate to compare 2013 and 2017. The fact is that Bitcoin is at different stages of development and popularity, as well as the price category for today and relatively that time.

What said is perfect, in 2013 it was just a bubble created by Mt.Gox and it got burst but now it is going by systematic way and their is full support for Bitcoin from this world. So i think we wont face the Bitcoin fate just like 2013 but instead this time it will be more supportive by the bitcoin users when ever their is any selling pressure.

hritevanz

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Quote from: 600watt on January 02, 2017, 06:32:36 AM

what do think 2017 will bring? double peak like 2013? pain and tears like 2014? what is the sentiment?

Estimates and hypotheses so far propose that it will be a gainful year like 2013. It might be superior to that, as a result of the quick increment in cost of bitcoin of late. The buildup is winding up genuine as the finish of the year is approaching. Some have likewise recommended an astonishing ascent in costs of bitcoin after segwit and august 1. So financial specialists appear to exploit by it since they are putting a great deal of cash in bitcoin recently. The general population who believe that bitcoin is in an air pocket which will blast soon just don't have enough information to discuss this theme.

Because of the fast increment of bitcoin value it was proven that this year 2017 is a gainful year to bitcoin users but still we cannot say that we are experiencing a bubble this year. So at least for now, we can observe that the outgoing growth is steady but still a price correction might happen in just a short term of time.

whyrqa

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Quote from: DrGuns4Hands on July 07, 2017, 09:19:06 AM

nope bitcoin todate is better than 2013 imagine the price of bitcoin today and 2013 it's so not the same. bitcoin now has a lot of users and more support than in 2013 and also bitcoin has improved alot since bitcoin became popular back then. bitcoin now is more better than 2013 regarding the advantages and benefits of bitcoin todate than before.

I think it would be inappropriate to compare 2013 and 2017. The fact is that Bitcoin is at different stages of development and popularity, as well as the price category for today and relatively that time.

Bitcoinaire

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Unlike the previous bubbles it took us all year to get to $10,000. It was a slow and steady rise.

600watt

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Quote from: Febo on November 26, 2017, 03:59:15 PM

Quote from: afbitcoins on January 02, 2017, 07:44:47 AM

On a log scale you can see the size of two separate 'bubble' moves were similar in terms of percentage gains.

If that is to repeat with only one such move, we will see bitcoin spike to around $10,000

Shocked

We are almost there. So now we should expect a correction?

check out this thread:

https://bitcointalksearch.org/topic/beti-bitcoin-exponential-trend-index-and-technical-analysis-470453

Febo

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Quote from: afbitcoins on January 02, 2017, 07:44:47 AM

On a log scale you can see the size of two separate 'bubble' moves were similar in terms of percentage gains.

If that is to repeat with only one such move, we will see bitcoin spike to around $10,000

Shocked

We are almost there. So now we should expect a correction?

branchun77

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Quote from: Farstdury on July 07, 2017, 08:25:57 AM

Quote from: buwaytress on July 03, 2017, 03:32:01 AM

Setting aside the comparison of crypto price, 2017 does seem to look a lot like 2014 in terms of ICO hype, although I can only conclude this retroactively as I wasn't around before September 2016. I do recall a lot of "2017" will be the death of ICO predictions. I suppose we are all guilty of underestimating greed.

That is right. I think the ICO bubble could pop eventually and damage the digital coin as a whole.

Estimates and hypotheses so far propose that it will be a gainful year like 2013. It might be superior to that, as a result of the quick increment in cost of bitcoin of late. The buildup is winding up genuine as the finish of the year is approaching. Some have likewise recommended an astonishing ascent in costs of bitcoin after segwit and august 1. So financial specialists appear to exploit by it since they are putting a great deal of cash in bitcoin recently. The general population who believe that bitcoin is in an air pocket which will blast soon just don't have enough information to discuss this theme.

_Legendary_

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It's been proven that in 2017 bitcoin prices are higher than in 2013, and currently there are still 5 more months to make bitcoin continue to increase even I'm sure could reach $ 4500.

DrGuns4Hands

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nope bitcoin todate is better than 2013 imagine the price of bitcoin today and 2013 it's so not the same. bitcoin now has a lot of users and more support than in 2013 and also bitcoin has improved alot since bitcoin became popular back then. bitcoin now is more better than 2013 regarding the advantages and benefits of bitcoin todate than before.

Farstdury

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Quote from: buwaytress on July 03, 2017, 03:32:01 AM

Setting aside the comparison of crypto price, 2017 does seem to look a lot like 2014 in terms of ICO hype, although I can only conclude this retroactively as I wasn't around before September 2016. I do recall a lot of "2017" will be the death of ICO predictions. I suppose we are all guilty of underestimating greed.

That is right. I think the ICO bubble could pop eventually and damage the digital coin as a whole.

buwaytress

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Join the world-leading crypto sportsbook NOW!

Setting aside the comparison of crypto price, 2017 does seem to look a lot like 2014 in terms of ICO hype, although I can only conclude this retroactively as I wasn't around before September 2016. I do recall a lot of "2017" will be the death of ICO predictions. I suppose we are all guilty of underestimating greed.

PokerFace3

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Quote from: Janation on June 30, 2017, 06:30:45 AM

Quote from: mastrox92 on June 29, 2017, 11:20:46 AM

Nope,
2017 ≠ 2013

BTC Bitcoin price has its own wild road Grin

-market demand and supply
-Bitcoins and Bitcoin holders
...

2017 is not really 2013, we all know that. Bitcoin is not the same as 2013 where bitcoin has the biggest bubble pop in the history of bitcoin. Though I am not sure if it is really a bubble, but we all know how bitcoin dump that time about Mt. Gox. The users of bitcoin is now rocketing and many still are planning to invest on these digital currency and many countries are also planning to legalize this currency.

Coming straight to the point which really I am glad about that most of bitcoin holders are ready to face any sort of situation that can be for the time being only. Most of the comments I read are about holding bitcoin for future and this is something really encouraging.

I am happy that I am part of bitcoin community and no doubt I will be holding my coins for the future as well.

eaLiTy

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Quote from: digaran on July 01, 2017, 10:48:12 AM

I've been wondering for a while about 2013, seriously were people truly retarded back then to pay $1000+ for something which they could mine for $50 by spending $5000 for 10 days first?

That is a good point,but most of the people who are not good at implementing a mining farm would basically start purchasing rather than investing for a mining rig and that was the case and then there was inflation and when the bubble popped everything came down crashing,ironically that wont be the case this time and unless there is something else which could drag the market down,you wont see a crash like 2013.

KingdomHearts

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Quote from: Slark on June 29, 2017, 07:51:56 AM

Quote from: itsallpc on June 29, 2017, 07:33:54 AM

Quote from: 600watt on January 02, 2017, 06:32:36 AM

what do think 2017 will bring? double peak like 2013? pain and tears like 2014? what is the sentiment?

2017 is entirely different from 2014.At that time,user base was very less for bitcoin.But now,bitcoin has adopters all over the world.And also no Mt.gox has happened.Even though persons like Roger ver try to destroy bitcoin for their benefits,still bitcoin has huge community support and bitcoin rally would continue.

There is still possibility that we will see some other exchange collapsing. Poloniex is rumored to has some problems, they even removed troll box recently.
It is never a good sign when communication channels are boing closed. I would say that overal bitcoin is on a good path, scaling consensus seems to be working good.
And we can't forget that adoption and legalisation is much more evident that in 2013 - Bitcoin is not pure speculative bubble anymore.

I think this is a sort of a strategy that Poloniex is trying to adopt to create a doubt about the price of bitcoin and the future of bitcoin so that the people holding bitcoin sell it in the market and they can easily purchase it back on a low price.

There is no other reason for the Poloniex behaving like this only to create a panic in bitcoin users, but they may not succeed this time.

Kronos21

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Such growth of prices on the bitcoin in 2013 will be gone. This will undermine confidence in bitcoin as investment and perhaps then will be the question that you need to develop trade with bitcoins, and you need to bet for small transactions close to zero.

digaran

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🖤😏

I've been wondering for a while about 2013, seriously were people truly retarded back then to pay $1000+ for something which they could mine for $50 by spending $5000 for 10 days first?
I really don't know man what say you, could you now mine Bitcoin by investing $5000 in less than 3 moths now? Bitcoin isn't an ICO to say the only way to get some is from buying it in exchanges, every body first tries to mine for themselves and when they see buying is more profitable they will do so.
As long as buying is more profitable than mining it doesn't matter what the price is.

el kaka22

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Quote from: serjent05 on June 29, 2017, 01:47:17 PM

I do not think that 2017 is the new 2013 for the reason that the situation is very different. There is already several countries that acknowledge bitcoin as money and some even accept that bitcoin is money and can be use to purchase stuff. Aside from the the user base today is different than that 2013. And people are more knowledgeable today than way back 2013. Aside from that, there are already major company that is involved in bitcoin that brings more demand to it.

Yes I agree that the 2017 is not either way a 2013. The bitcoin at that time and now were in a different situation. Today’s bitcoin is the one with a lot of supporters and users with a backing of several countries acceptance as a currency.

The bitcoin at that time back into 2013 was not supported by such a large number of users. There are many strong and loyal supporters of the bitcoin who believe in the bitcoin and its future.

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Quote from: leexhin on July 01, 2017, 12:09:55 AM

I really hope that it wouldn't be the same like what happens back there,
I really hope that the price drop wouldn't be too much and hope to see the price to rise up again.

Bitcoin prices are currently very influential by the various policies and circumstances that take place today. We do not accurately predict price movements, declines and increases are normal. Because someday the bitcoin price will always change.

leexhin

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I really hope that it wouldn't be the same like what happens back there,
I really hope that the price drop wouldn't be too much and hope to see the price to rise up again.

magneto

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Quote from: Janation on June 30, 2017, 06:30:45 AM

Quote from: mastrox92 on June 29, 2017, 11:20:46 AM

Nope,
2017 ≠ 2013

BTC Bitcoin price has its own wild road Grin

-market demand and supply
-Bitcoins and Bitcoin holders
...

2017 is not really 2013, we all know that. Bitcoin is not the same as 2013 where bitcoin has the biggest bubble pop in the history of bitcoin. Though I am not sure if it is really a bubble, but we all know how bitcoin dump that time about Mt. Gox. The users of bitcoin is now rocketing and many still are planning to invest on these digital currency and many countries are also planning to legalize this currency.

That's partially right.

I do think that right now we are in a bubble situation. I believe that priec is probably going to adjust down to a more suitable level of $1900-2000 in the next few weeks due to the aspect of a potentally devastating hard fork coming up, and people will panic dump.

As you said though, there is no Mt Gox hack, there is no price doubling in two days, what I can see from the past few weeks is a very gradual build up of price, with corrections along the way to stop it from going up too fast too soon.

Topic: is 2017 the new 2013? (Read 7110 times)