Topic: The Current Crypto-Bear Run Will be Nothing Like 2014 (Read 100 times)

It was very touchy. This year you can see that many projects are developing different technologies and are improving. In 2014, the most profitable ones were copied from each other and there was no progress.

The landlord's analysis is very correct, there are data comparisons, or can see many different, obviously this year's situation is much better, I hope the end of the new development.

At present, there is still a small rebound, but there is no intensity, I think this year began a lot of projects will move to the direction of the blockchain, rather than the simple currency. So very different from before, completely upgraded

In 2014 the price drop was around 76% while right now it is around 60% from all the time high price. According to percentage wise the current one is lesser from the earlier one and people may say that it was not as disastrous as the other. On the other hand if we look at the volume of the money people lost through this dip is a huge one than that of 2014. The price of BTC at that time was $864 while on 18 December 2017 it crossed $20K. Also the trade volume was polarized high than in 2014.
 The number of people suffered back in 2014 was very little while currently it is a legalized currency in Japan and almost the whole world was talking about it. We saw many reputed news and business news channels covering BTC which increased the craze further in the people to get it. It has wracked and ruptured the pockets of newly adopters and has made them to think over their decision.
The problem is that BTC is all in few big hands who are accumulating wealth through it, this is what happened in 2014 and unfortunately indirectly in mid-December 2017 till now. They now have a lot of choices to pump.

I hope that this year will eventually have a good result. For those who believe in digital currency, the good news heard this year is indeed a lot. It is no longer a pure hype for the year. More and more people accept and use it. Japan. Not many stores have already accepted payments

Its a shame more people don't take the time to gain some perspective. Thanks for this post, was a really enjoyable and informative read

The analysis was very good and lifted many doubts in my heart. This year is indeed different. The world of digital currency is already very strong. It is powerful enough for the country and even the world to pay attention to it. Therefore, his future is promising.

This year, too many institutions have stepped in, and the national futures agencies recognize it. So this is a milestone moment. It won't be a bear market for a long time like 2014.

Something else not probably mentioned. The "market" in 2014 was probably only highly technical people and whales. Early adopters. Today, we've got a lot of non-crypto people in the market. Big bank people, people who know nothing about blockchain and care nothing about their techs, just speculating and trading. They probably deposit fiat into exchanges and only withdraw fiat. They have no bitcoin and crypto wallets, they just care about Tethers and account balances. So volume is in the hands of non crypto holders, in reality. That is very different scenario that should make a difference.

Now it is very different from 2014. At that time, it was mainly personal speculation. It was the first appearance and activity of the bit world. This time it was the result of real rise and tenacious growth. More companies and institutions have joined this. In the revolutionary movement, the last time it was a drill, this time it was actual combat. Only on behalf of personal views.

Since the beginning of the new year, the past three months has seen most cryptocurrencies lose over 60 percent of their values. Bearish markets have started to spark 2014 memories when BTC/USD markets and many altcoins suffered from a year-long downturn. Surely there have been few similarities to the current 2018 bear run and the one that took place four years ago. However there are some deep ecosystem contrasts within the crypto-space that leads one to believe this bearish sentiment won’t last as long — 2018 is not even comparable to the time BTC was called the “worst currency of the year.”


The Stark Difference Between 2014 and Now
The Current Crypto-Bear Run Will be Nothing Like 2014 If you trade or hold cryptocurrencies you’ve probably heard many speculators say that we are experiencing a crypto-depression that will likely resemble the infamous 2014 bear run. In January of 2014, the price of BTC dropped from $864 per coin to roughly $200 over the course of the year. Mainstream media deemed the cryptocurrency the “worst currency of the year” as its performance was extremely lackluster against nation-state issued currencies. Things started looking better during the beginning of 2015 after BTC became unprofitable to mine in certain regions. Even though BTC prices lost 60 percent of their value that year things were a whole lot different. For instance, the spike that led to the 2014 bear run just before Mt Gox went under was a much quicker and short-lived bull run.



The 2017 bull run lasted all year long with only around seven 20-30 percent corrections in between. Back in 2014, there were a bunch of hacked exchange incidents that affected the market significantly. Fallen trading platforms like Mt Gox and Mintpal left a significant mark on cryptocurrency markets. These days things have changed quite a bit. One great example is the Bitfinex hack which did affect markets temporarily, but after BTC/USD markets resumed the bullish upturn and continued to climb unaffected. In 2018 the Japanese exchange Coincheck lost more funds (the amount of USD loss at the time of both incidents) than Mt Gox, and this occurrence only affected markets for a day or two. This means cryptocurrency markets have been far more resilient to exchange breaches and in both of these examples, Bitfinex and Coincheck are still operational — unlike the fallen exchanges in 2014.

A Large Scope of Infrastructure and Mainstream Investment Vehicles
Back in 2014, there were not as many brokerage services and trading platforms compared to today. Now the cryptocurrency ecosystem’s infrastructure dwarfs 2014’s environment by a long shot. There are many exchanges and businesses that make it convenient for investors to purchase digital assets. There are wallets, a variety of full node protocols, payment processors, institutional and OTC dealers, brokerage services, and exchanges that offer a wide variety of crypto-assets. These businesses are committed to keeping cryptocurrency interest alive and well. Further unlike 2014, there is a vast amount of traditional crypto-investment vehicles like futures, options, exchange-traded notes, hedge funds, and indexes. These types of digital asset investments have attracted the attention of mainstream investors, and everyday joes who’ve just recently heard about the rise of cryptos.



Mainstream Media Coverage and Average Joes Are Hearing About Cryptos
Back in 2013-2014 the price of BTC and other altcoins did catch the attention of mainstream media (MSM). However, the price of BTC during the December all-time high reached roughly $1,250, a big difference in comparison to the recent $20K price BTC almost captured. In 2017 when the bull run was barrelling at full speed the price of BTC touched $5K, and the MSM started dedicating weekly broadcasts and headlines dedicated to the cryptocurrency. When the digital asset touched $10K, the headlines were daily stemming from well-known news outlets like Bloomberg, the Wall Street Journal, CNBC, and Time Magazine. CNBC, in particular, has focused a lot of energy towards cryptocurrencies within its online publication and its regularly scheduled television broadcasts like “Fast Money.” In 2014 the only time MSM reported on cryptocurrencies is when it wanted to make fun of the market losing considerable value for over twelve months.



One Thing is for Sure There’s Never a Dull Day in Bitcoin-Land
In 2014 and even 2015 not that many people knew about bitcoin and other altcoins. Back in February of 2014, the Wall Street Journal reported that 76 percent of Americans didn’t know what bitcoin was, and had never even heard of it. 80 percent of those surveyed said they would not bother with cryptocurrencies, and would rather invest in gold. In 2017 when BTC/USD markets surpassed $10K per coin a good majority of people had started hearing about bitcoin from multiple facets. The Wall Street Journal’s front page of it’s printed edition covered the $10K milestone and wrote: “even grandma is in.” Six months ago according to a Lend EDU study, 78.5 percent of U.S. residents polled had heard of bitcoin and 11 percent owned some. Another recent survey concluded that 88 percent of residents living in Japan have heard about bitcoin. On the global level statistics are just as staggering as cryptocurrencies are trending in Venezuela, Brazil, Colombia, Africa, Russia, Sweden, Switzerland, Australia, South Korea and many more regions.


A survey in November of 2017 concluded that 88 percent of residents living in Japan have heard about bitcoin.
The beginning of the ‘crypto-winter’ at the end of 2017 and the last three months of 2018 is a stark comparison to four years ago. It seems unlikely that the bear market this time around will last as long as it did with little infrastructure, barely any media coverage unless it was a negative story, hacked exchanges never came back or re-paid customer balances, there was only one mainstream investment vehicle (GBTC) at the time, and no one knew much about cryptocurrencies at all.

It’s been a pretty brutal bear run over the past three months, but it’s likely the market sentiment won’t last near as long. With the number of individuals and businesses with skin in the game, its very probable over the long term cryptocurrencies will continue to rise in value against fiat currencies — even after this tumultuous value cycle. There will always be one guarantee in the world of cryptocurrency — it’s never a dull day in bitcoin-land.

What do you think about the contrast between now and 2014? Do you think crypto prices will suffer the same fate as that year? Let us know in the comments below.

  original: https://news.bitcoin.com/the-current-crypto-bear-run-will-be-nothing-like-2014    The author :Jamie Redman