Time frames to sustain price increases - 2016 comparison

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote

Bitcoin was a bubble, popped at 20K.

Down is all it has left.

Lol click bait but I will bite. So was it a bubble when it went to $30 and nosedived down to $1, was it a bubble when it went to $1k and dived under $200....is crypto still volatile yep it is, is it a bubble nope, nope it's not. You have to be some kind of hermit to think crypto isnt here to stay

exstasie

legendary

Activity: 1806

Merit: 1521

Quote

Bitcoin was a bubble, popped at 20K.

Down is all it has left.

Bitcoin was a bubble, popped at $32. Wink

There's a chance you're right. Maybe this time really is different. However, you should recognize there have been hundreds, maybe thousands of bear trolls on this forum who have said the same thing since 2011. Nearly all of them have disappeared in disgrace over the years. Keep it up and you'll be remembered with the best of them.

Upgrade00

legendary

Activity: 2114

Merit: 2248

Playgram - The Telegram Casino

Quote

Bitcoin was a bubble, popped at 20K.

Down is all it has left.

A bubble is a period in the market and not the industry itself. Bitcoin can not technically be a bubble, you can however say the price 'bubbled', which some would argue it didn't as it recovered significantly and still maintains a value, considering how high it is now, from it's very first market value, it is asinine to call Bitcoin a bubble.

Leon83

jr. member

Activity: 40

Merit: 2

Quote

Bitcoin was a bubble, popped at 20K.

Down is all it has left.

Sub 20K is history in 595 days Grin

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote

Bitcoin was a bubble, popped at 20K.

Down is all it has left.

Bubbles pop & then that’s it, no recovery.

We went to $19,xxx & then all the way down to $3,xxx.

How is it a bubble when we have recovered significantly since the bottom, you fucking NOCOINER pajeet!

Red-Apple

hero member

Activity: 1470

Merit: 655

and each time there is a similar drop they are doing the same two things for two very different group of people.
one group is the panic sellers also known as the weak hands. these drops like this one today is flushing them out of the market.
and the other group is the opportunists who take advantage to buy the dips and take the bitcoins out of the hands of weak hands at a cheaper price.

Leon83

jr. member

Activity: 40

Merit: 2

Lets take a look at how long it took Bitcoin to sustain certain price increases (%) back in the
beginning of the previous bull cycle (starting september 2015). By "sustain" I mean not going below that price again.

(Starting point: september 2015, $220)

100% increase: 8 months ($440)

200% increase: 14 months ($660)

300% increase: 18 months ($880)

Now the price is at $8400. 150% increase since $3300 in february. For those who are in total shock after the recent dump, this is something to be aware of. It takes time for the price to go up and establish new historical lows.

Topic: Time frames to sustain price increases - 2016 comparison (Read 132 times)