Topic: The cycle is unique but structured (Read 243 times)
Every year is different game for Bitcoin and crypto, its totally different from traditional stocks too. Last year most of us hope for another bullrun but did not happen what happened is a total reverse that lasts until now. What we need is more adoption and more institutional investors to minimize volatility and see its organic growth.
But in most cases bitcoin price still remains on the level of it demands in the exchange and it usage and adaptation by the general public as they choice of being a secondary currency, saying bitcoin price always decline in the beginning of the year and recover or even skyrocket in at the end of the year is wrong let take what happen in 2018 for example the price decline from the beginning of the year and it continued till the end of the year.
i cant agree with you , that not happens every year and if we say its structured its too volatitle and doesnt have common patterns i guess
Possibly due to halving timings etc?
Ok, I must admit I got fooled by the article.
Not by the prediction stuff bt by the last line:
It's mainly because bitcoin is new and as every new thing that grows you will have more positive years than negative, so you can build your cycle by using arbitrary data.
We only have 7 years to which people mainly refer when doing this so if you carefully omit 2018 and 2014 this is what you get.
Unfortunately, It's like betting on a horse when taking into account only half of his races (especially those where he didn't win).
Not by the prediction stuff bt by the last line:
After all these years do you really think there is a unique structured cycle of the price? I haven't seen any such "cycle". The prices were always unpredictable and jumped up and down without any kind of prior notice. No cycle can be seen through out the decade. Actually, a cycle can never exist since the price depends on various factors that are actually undetermined such as unexpected events.
It's mainly because bitcoin is new and as every new thing that grows you will have more positive years than negative, so you can build your cycle by using arbitrary data.
We only have 7 years to which people mainly refer when doing this so if you carefully omit 2018 and 2014 this is what you get.
Unfortunately, It's like betting on a horse when taking into account only half of his races (especially those where he didn't win).
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
Just another price prediction we won't be seeing for this year I guess. People just hope there will be another bull run and not another bull sh*t in the making for this year.
Well everyone can hope for the $5000 at least.
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
Just another price prediction we won't be seeing for this year I guess. People just hope there will be another bull run and not another bull sh*t in the making for this year.
Well everyone can hope for the $5000 at least.
This is the longest bear market with full drop down in prices but we can expect positive growth in the second quarter of 2019
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
Have been around in the last 2 years? I mean price has increased at the end of a year and decreased at the other end of the year as well. It doesn't have to go up or down at any given day. Just looking at the past 2 years (not even that long) you can see that bitcoin went up at the end of one year but went down at the end of another year, went up on early one year and went down early on another year.https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
The prices of bitcoin NEVER does something over and over again like its a system or something we always do, if that was the case we would see people make a lot of profit every year just following the dates of when price goes up and when price goes down. This is really a not well researched article that talks about a potential of what it could be and not what it has been in the past decade.
Yes, of course, the annual decline in the price of bitcoin in January does not look like an accident. Every year the price increased and at the end of the year it is logical that people took their profits giving a chance to a new wave. The exception so far was only 2019 when established at the same level and went lower, although many predicted the price of 1800-2500 dollars. Looking at the chart is the time to buy and wait for growth to end 2019гoдa.
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
True, the price of Bitcoin is somewhat influenced by market activity, because the price of Bitcoin is indeed a fluctuation determined by all people who have a Bitcoin (regardless of the amount). For example, if you suddenly sell all of your Bitcoins, the price will go down (because inventory / inventory is now increasing). In this case I agree.
But if you say the price of Bitcoin has always declined at the beginning of the year and has skyrocketed at the end of the year, I don't agree. We can review at the end of December 2018.
In conclusion, anytime, the price of bitcoin can go up and down, it all depends on demand and supply in the market.
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
You're implying that bitcoin's price movements aren't affected by market activities?
That's wrong in my opinion. The assumption of bitcoin prices being low at the start of the year and gradually increasing as the year goes on is also something that I don't buy into. Look at last year, did prices change significantly in the latter part of the year? Obviously, no.
Bitcoin still follows the same bear/bull cycles that all commodities, assets and securities follow, which is influenced by market activity. IMO the only confirmed cycle that bitcoin has is this, and it happens to roughly coincide with the halving in the last few bull markets, probably due to the scarcity of bitcoin increasing as well as psychological factors. That's completely different to what the article suggests.
Since none of investment tool or currency has an exact pattern or cycle, expecting such a thing from trends occuring on bitcoin price is not reasonable. The investor profile and behavior can be changed over time and it is not possible to create a general investment rule for bitcoin.
After all these years do you really think there is a unique structured cycle of the price? I haven't seen any such "cycle". The prices were always unpredictable and jumped up and down without any kind of prior notice. No cycle can be seen through out the decade. Actually, a cycle can never exist since the price depends on various factors that are actually undetermined such as unexpected events.
But I think that there was no big rise in the end of 2018? And I do not remember big fall in January this year either. Bitcoin was stable after the fall of November more or less, unless a movement of 200 dollars up or down is considered big move. Because this is Bitcoin, I do not think it should be considered a big move.
I do not think that this cycle will be repeated this time. Most likely we will see a different market development this time. This is due to the fact that Bitcoin has already received worldwide recognition and now the market will not be able to develop as cyclically and predictably as he did before. Most likely we will see a long recovery phase at this time. Many people still believe in rapid growth in 2019, but it is unlikely to happen, because the crowd is often wrong. Most likely we will see a long-term market recovery in the next 2-3 years.
It doesn't happen every year, but is very obvious when there is a bitcoin halving event. As it is happening next year there is going to be a massive pump in q4 all the way back to 20k and beyond
Unique then structured?
You are in contradiction with your words.
Unique means different and if you say it just happens over and over again then it wont fall to the "unique type".
If that is true then I didnt see it last year. It just maintained the price and I dont think anyone really expected it to be that much of a fall.
If there is one then it is just a lucky guess.
You are in contradiction with your words.
Unique means different and if you say it just happens over and over again then it wont fall to the "unique type".
If that is true then I didnt see it last year. It just maintained the price and I dont think anyone really expected it to be that much of a fall.
If there is one then it is just a lucky guess.
Completely false, Bitcoin's price hasn't always dropped at the beginning of the year.
At least not any more significantly than during other times of the year.
Heck there are even instances of Bitcoin's price going up during January and February.
At least not any more significantly than during other times of the year.
Heck there are even instances of Bitcoin's price going up during January and February.
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
That article is total bullshit. Bitcoin cycle dont last one year but it last about 4 years. Bitcoin is not a plant to be reliable of seasons.
I don't think that it is a structured cycle. I mostly agree with dothebeats that there's no pattern, the market stands alone and depends on its own demand. Everyone is speculating that at the very end of this year there will be a reversal and bull run that we have been wanting but it's not that the pattern that you mention. The demand will still be the lead if bitcoin is going to that point that we're going to see the reversal but if not, we will see if those predictions has correct basis.
I wouldn't call it structured as there are still nuances in every cycle albeit the huge similarities. Also, the price action of 2018 showed that bitcoin isn't following a definite pattern seeing how the whole 2018 was a show for bears. Start of 2017 also called the start of the bull run, so that's another deviation from what you're calling a 'structured' cycle. While the cycle always draw almost the same graph every time it runs, the months in which such price actions happen don't follow each other closely.
In contrast to other investment commodities whose price movements are mostly affected only by market activities, bitcoin has a unique but structured cycle, at the beginning of each year there is a very drastic price decline but recovering even skyrocketing at the end of the year, as illustrated in the following article.
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
https://u.today/bitcoin-price-prediction-for-2019-will-btc-price-get-back-to-20000
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