Topic: This price drop has occured before - page 5. (Read 643 times)
get your finger crossed and look. it will surely rise up again and those that waited for the success of it will gain it. it is not the first time that price in investment wil drop. even the price of crude oil went down before it later came up. i am very sure and optimistic that bitcoin will rise again.
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.
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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
Agreed. This is NOT 2014. I was around then...people LOVE blockchain now and the fear of BTC continues to lessen. It still has a ways to go, but this is NOT 2014
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.
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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
Definitely right, in what we are experiencing now which is long period of downfall I believe that this is only a normal flow of this system and nothing to be worried about it because for sure it will rising up again until it reach it's full recovery. However, we need to have more patience and still believe to this system therefore we don't even felt panicking and nervous. Be calm so we can still see our success in the end of the road. Let's keep supporting this system and for sure we will be much successful in the future. 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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
comparing 2013 to 2017 spike is lazy trend anal
the 2013 rise happened due to asics hitting the hashrate/difficulty in october 2013 and thus increasing the cost of mining and thus caused a price surge.
the 2014 crash was due to mtgox
the 2017 spike had NO value reason
(speculation says it was due to tether issues)
(speculation says it was due to the ASIC manufacturers only accepting BCH)
which caused FIAT buyers to buy BTC on the BTC-USD market(price rise) and then swap btc for bch.
thus keeping BTC supply away from the BTC-USD market.
because ASIC manufacturers didnt use BTC-USD to cash out but used tether to get funds out of western exchanges
the 2018 correction was just that. a correction not a crash
the 2017 spike should not have occured as it was not based on any valued reason but based on speculation of financial arbitrage
that said. the currnt ~$6000+ is back down to the VALUED bottom as it should be before the december speculation event.
interesting points to make. dont just look at charts and treat old events as something that will repeat (trend anals)
instead look at logical VALUED reasons(technical reasons) which cannot be learned via drawing lines on a price chart or copying historic price data.
Hint. check out the hashrate and do maths on mining costs and you will see a good guideline of underlying intrinsic value to base when the price should move due t value. and to check if volitile large movements are due to increase of cost. or just speculation/emotion. to work out if its a stable growth that will remain or something that will spike and correct
the 2013 rise happened due to asics hitting the hashrate/difficulty in october 2013 and thus increasing the cost of mining and thus caused a price surge.
the 2014 crash was due to mtgox
the 2017 spike had NO value reason
(speculation says it was due to tether issues)
(speculation says it was due to the ASIC manufacturers only accepting BCH)
which caused FIAT buyers to buy BTC on the BTC-USD market(price rise) and then swap btc for bch.
thus keeping BTC supply away from the BTC-USD market.
because ASIC manufacturers didnt use BTC-USD to cash out but used tether to get funds out of western exchanges
the 2018 correction was just that. a correction not a crash
the 2017 spike should not have occured as it was not based on any valued reason but based on speculation of financial arbitrage
that said. the currnt ~$6000+ is back down to the VALUED bottom as it should be before the december speculation event.
interesting points to make. dont just look at charts and treat old events as something that will repeat (trend anals)
instead look at logical VALUED reasons(technical reasons) which cannot be learned via drawing lines on a price chart or copying historic price data.
Hint. check out the hashrate and do maths on mining costs and you will see a good guideline of underlying intrinsic value to base when the price should move due t value. and to check if volitile large movements are due to increase of cost. or just speculation/emotion. to work out if its a stable growth that will remain or something that will spike and correct
Very nice explanation and I am fully agreed with you. I hope the price drop will also happen in future. If there is no price drop, price rising will be valueless. And thus there will be not profitability from bitcoin. So I prefer price drop and thus price will rise to make some profit also.
Bitcoin does not become a long-term trusted store of value. It’s a revolutionary new technology that is already changing the way that money is perceived and used. Last year’s soaring Bitcoin prices led to a huge speculation frenzy. And the first crash we’ll take a look at in this article is the meltdown of April 2013. So don’t panic , it I s a nature of bitcoin.
It has been occured before but what makes me think that there is something different now is the fact that the price drop involves a very strong volume decrease.
Also consider the fact that we have never been in so long down-trend, when we went down in the past we usually recovered real quick, but at the moment we seem to be having hard time recovering.
I think that in order to get out from this situation we need to gain hype again, and we need to do that by releasing a new future in the Lightning network or by gaining an acceptance from a major country- it will make people feel safer to invest in bitcoin.
Also consider the fact that we have never been in so long down-trend, when we went down in the past we usually recovered real quick, but at the moment we seem to be having hard time recovering.
I think that in order to get out from this situation we need to gain hype again, and we need to do that by releasing a new future in the Lightning network or by gaining an acceptance from a major country- it will make people feel safer to invest in bitcoin.
There it goes.
Very nice explanation to keep those who panic calmed down for a bit.
I hope they are reading this also. The graphs tells it all even if you are so tired of reading you can just look at the picture.
FUD's won't stop but it doesnt mean we have to go with the flow of them. Instead, make it as booster to see if it is legitimate. Make your own research and find out the true history of bitcoin before clicking that sell button.
Very nice explanation to keep those who panic calmed down for a bit.
I hope they are reading this also. The graphs tells it all even if you are so tired of reading you can just look at the picture.
FUD's won't stop but it doesnt mean we have to go with the flow of them. Instead, make it as booster to see if it is legitimate. Make your own research and find out the true history of bitcoin before clicking that sell button.
World Cup 2018! Thats it
$1 to $10,000 in 9 years is Super-HYIP.
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 $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
You are right buddy.You have to take decision.Whether to inverse in bitoin or not.You should not fear about current situation,you should analysis the price in future aspects.Bitcoin is the most acceptable payment now.I had brought some bitcoin at the price 19,000$.Holding is the only option to eliminate loss at crisis I had to save my money in Bitoin.
World Cup 2018! Thats it
It looks like there is similarity about the movement price past years ago and then after the block halving the price start increasing in 2016 and the price is steadily rising last year. What I notice every event the price increases like what happened before like bitcoin cash hard fork and bitcoin gold fork which help bitcoin to increase its value until the end of 2017. Now the price is starting to decrease back again and according to the chart, it is the same as what happened in the past. So, I think we will see a huge price increase again after block halving in May 2020 and after this event expects for the price will burst increase again.
However, I'm looking for other reasons for bitcoin that can reach the $10k above again, news can help a little bit, but there's no reason that I think bitcoin can rise again to $10k above. I hope that these coming months we see more event that could help bitcoin to increase its value I don't honestly believe on other prediction, but some other said bitcoin can be double its value before the end of this year, let's see their own prediction because sometimes it happens.
However, I'm looking for other reasons for bitcoin that can reach the $10k above again, news can help a little bit, but there's no reason that I think bitcoin can rise again to $10k above. I hope that these coming months we see more event that could help bitcoin to increase its value I don't honestly believe on other prediction, but some other said bitcoin can be double its value before the end of this year, let's see their own prediction because sometimes it happens.
I agree with the statements given by you. Definitely bitcoin has witnessed great volatility. It has already fell from the high sky to the earth.
It is natural that at the recessionary time every thing seems to be negative. Rumors are spread here and there. No positive news is received in such circumstances. Even few positive are also neglected in favor of negative.
Future is uncertain. We can not predict what will happen in future. We have no reason to say that it will not again touch it's previous heights. I am hopeful that if it is having real value in itself why it will not again touch and even cross its previous heights.
It is natural that at the recessionary time every thing seems to be negative. Rumors are spread here and there. No positive news is received in such circumstances. Even few positive are also neglected in favor of negative.
Future is uncertain. We can not predict what will happen in future. We have no reason to say that it will not again touch it's previous heights. I am hopeful that if it is having real value in itself why it will not again touch and even cross its previous heights.
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.
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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
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.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
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