Topic: This price drop has occured before (Read 643 times)
What happened today I have experienced several times since I knew Bitcoin, in 2017 the price of Bitcoin skyrocketed then in 2018 drops more than 50%, and now it happens again, the drop price is more than 50% since the latest ATH in November or 6 months ago, This is a tough test for us whether Bitcoin can recover in a short time or takes a long time like 2018 to 2021.
They say that history repeats its self. Maybe this is the history of the bitcoin price that tends to go up and down in a certain span of a month. I even check the graphs and I have also notice that the bitcoin price drops mostly on the end and start of the year. But when the end the third quarter and the start of the fourth quarter the prices are gradually climbing up. We just hope that the trend remains the same as the history repeated. It could be great if the price goes along with the historical price increase and decrease as it could be a major guide in crypto trading.
This year is totally different from the past year because now more countries are looking into the crypto currencies before they don't consider this as much.But when we compare the graphs it looks like the history repeating like happened in 2013 so this might be a good time for the investors to buy more coins.I thik the price will rise in the second half of this year.
bitcoin price now is unpredictable no body knows when prices rise again. a lot of fud news come up anywhere and some btc holder makes panic selling. wayback for the last few years btc price drops down already. but if we keep on supporting bitcoin for sure it will success in the future.
It is pot unusual to happen inside crypto, thus people who are still doubt definitely could feel such depression and fall into panic selling. Hope they might change such insights and go along with the market. And then, they could find fulfillment from here.The price drop has already occurred last year when the china banned all the icos in their country and every traders are panicking due to drastic decrease of prices because everyone are panicking but at the end of the day, bitcoins still managed to reach $19k dollars.
bitcoin price now is unpredictable no body knows when prices rise again. a lot of fud news come up anywhere and some btc holder makes panic selling. wayback for the last few years btc price drops down already. but if we keep on supporting bitcoin for sure it will success in the future.
It is pot unusual to happen inside crypto, thus people who are still doubt definitely could feel such depression and fall into panic selling. Hope they might change such insights and go along with the market. And then, they could find fulfillment from here.
Price fluctuation is a common character of this market. I think for 2018 world cup it occurs. I believe in near future price will increase and people will more connect with this market.
They say that history repeats its self. Maybe this is the history of the bitcoin price that tends to go up and down in a certain span of a month. I even check the graphs and I have also notice that the bitcoin price drops mostly on the end and start of the year. But when the end the third quarter and the start of the fourth quarter the prices are gradually climbing up. We just hope that the trend remains the same as the history repeated. It could be great if the price goes along with the historical price increase and decrease as it could be a major guide in crypto trading.
It is true and let me describe this that it is very known to all of us that Bitcoin has been going through such situations in the past and we have seen recoveries after many down falls so this is a process depending upon the demand rate. The demand rate if improves in the upcoming days then we will see a better value in future. Besides all these things the only focus is to be on your decisions according to the conditions of the market.
Its a good explanation. I really like it. I hope everyone will read it. If anyone truly want to invest in crypto than he must get patient to be successful.Otherwise he will be panicked and will achieve nothing.
bitcoin price now is unpredictable no body knows when prices rise again. a lot of fud news come up anywhere and some btc holder makes panic selling. wayback for the last few years btc price drops down already. but if we keep on supporting bitcoin for sure it will success in the future.
For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future.
Dude, it's not like people have stopped believing in a better future, regulations are being tough in many countries and this is driving people away from buying bitcoin and reducing the demand for bitcoin
What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.
years ago bitcoin was completely ignored by many governments and because of this there was no very hard regulation against bitcoin
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
The past is completely irrelevant and we have to be afraid because if the regulations become worse the price will never increase, we can have a situation where the price remained for many, many years low of $10,000
You are correct friend. You need to take decision whether to sell or hold bitcoin or not. You ought not to fear about current condition, you should compare the cost in relation to future. Bitcoin is the most adequate installment now. Such price fluctuation is common in this market but soon you will smile if you have bitcoin.
the bottomline is that u must prepare yourself for the ups and downs in the chart of bitcoin because that is the dynamism in this business. this the area at which some people are watching the chart minutes by minutes in other to buy or sell
They say that history repeats its self. Maybe this is the history of the bitcoin price that tends to go up and down in a certain span of a month. I even check the graphs and I have also notice that the bitcoin price drops mostly on the end and start of the year. But when the end the third quarter and the start of the fourth quarter the prices are gradually climbing up. We just hope that the trend remains the same as the history repeated. It could be great if the price goes along with the historical price increase and decrease as it could be a major guide in crypto trading.
This year is totally different from the past year because now more countries are looking into the crypto currencies before they don't consider this as much.But when we compare the graphs it looks like the history repeating like happened in 2013 so this might be a good time for the investors to buy more coins.I thik the price will rise in the second half of this year.
They say that history repeats its self. Maybe this is the history of the bitcoin price that tends to go up and down in a certain span of a month. I even check the graphs and I have also notice that the bitcoin price drops mostly on the end and start of the year. But when the end the third quarter and the start of the fourth quarter the prices are gradually climbing up. We just hope that the trend remains the same as the history repeated. It could be great if the price goes along with the historical price increase and decrease as it could be a major guide in crypto trading.
The market can always behave unexpectedly, sometimes contrary to the news, and we can do nothing about it.But if the idea of bitcoin is really valuable and cryptocurrency brings progress to society, then everything will be fine.
We will prepare ourselves that bitcoin price is not always on top in order not to feel depressed. In business or gamble there will be loss and winning time, as we believe bitcoin has a good future remain our loyalty and encourage those who have fears to invest again here who knows this time could be our luck.
Bitcoin has ever done so many bubbles for a long time ago, and yet at back then until now a lot of people that think Bitcoin going to be dead, and others many FUD. Yet Bitcoin comes back stronger and rise higher than before. If we analyze the chart closely It just repeating pattern.
Often I want to remain optimistic that Bitcoin will rebound and hit an enviable rise and then I force myself to reconsider that times have changed. OP, quite alright the historical graph you showed but also remember that then and now aren't the same. At that time there were very few cryptos in the market as against the overwhelming 1,700+ cryptos now. The attention and crave for bitcoin is now divided. I hope what I am thinking doesn't come to play here, anyway. If it does, it will be a hard time for bitcoin getting up back.
Agree with you bitcoin has been tested times and times again when everyone thought it has died it rebounds strongly and makes new ATH. the charts look similar to historical movements in the past and I strongly believe bitcoin will rebound strongly soon. Things are very different at the moment and bitcoin is just getting ready for a next massive move.
Bitcoin going through this in the past, and bitcoin always proved its capability. Bitcoin have many bad news spreading about it, but bitcoin always proved them wrong, and always make a move to be the best and most trusted of all the coins. The dropping of its price now is normal, its because of its volatility. We were just in the middle of the year, there are many more months to come, and i believe that before the year ends it will reach its peak again, or even higher than before.
That graph really looks kinda similar . I really believe its just a beginning . Would be really nice to hit 1 trillion marketcap this year . There is few other pictures over internet comparing past years and they all look almost so same , but every year marketcap got bigger and bigger .
For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.
https://i.imgur.com/6QdogmA.png
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
https://i.imgur.com/0DoK0Js.png
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
I totaly agree , it is normal when something jumps very fast that the drop will be much faster and of course longer recovery it's needed . This is not just happening in crypto world if u look at joint stock companies the same thing is happening to them , so stay calm and dont panic https://i.imgur.com/6QdogmA.png
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
https://i.imgur.com/0DoK0Js.png
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
Agree with you bitcoin has been tested times and times again when everyone thought it has died it rebounds strongly and makes new ATH. the charts look similar to historical movements in the past and I strongly believe bitcoin will rebound strongly soon. Things are very different at the moment and bitcoin is just getting ready for a next massive move.
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