Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 2.

drachman

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Quote from: smyslov on January 11, 2020, 09:23:21 AM

Quote from: cheezcarls on December 18, 2019, 01:06:17 PM

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

Yes I agree that the market and the whole community have matured, but I do not agree on your opinion that what happened in 2017 will not happen again, so where all the predictions will soon become 6 digit in value, so is the $20 k level is the last stop of Bitcoin on its price, Bitcoin price is dynamic it will have another all time high the community believe on that.

It really depends on what you mean when you say that what happened in 2017 is not going to happen again, if you mean the bull market then it is obvious that we are going to see several bull markets in the future of bitcoin, but during 2017 bitcoin grew 20 times its price in a single year and quite honestly I really do not think that we are going to see something like that ever again from bitcoin, we may see a growth of 5 or even 10 times in a single year but were never going to see 20 times again.

outatime1

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It's the market cycle like a topic I started a few days ago. Bitcoin went through a market cycle that had a peak at the end of 2017 and then a crash. We are probably just starting a new market cycle.

Wexlike

legendary

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Quote from: STT on January 14, 2020, 06:55:02 PM

I'm not especially optimistic on BTC until people find a reason to hold or gain even while price is falling. A super basic example would be interest gained by holding a deposit somewhere, I guess some exchanges do allow people to lend out their BTC at some rate for shorting purposes or lend capital to a business. The more there is of that, the greater baseline we have to the BTC price.
I personally go long and short on BTC at the same time, on different accounts and with various cost or benefit. Ideally that's possible while price falls and not be so affected by price variations.

But this is not a good long-term solution. No one should leave most of their coins on an exchange for a shitty rate, it would make more sense to invest in some PoS or altcoin scheme with blockchain-provable rewards. Going long and short simultaneously is also a very weird idea, it just causes more friction with the exchange fees.

I would recommend you to identify a trade and stick with it. Put even some stop loses if you want to be on the safe side.

fireball4

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Just keep the faith, Bitcoins technology and intent is the real factor driving up prices in the coming years. Wherever I expect everything here to make money, but it will take time to see a significant growth again. The recent all-time high was a marketing product and not a real growth, but Bitcoin's fundamental remains forever and I'm not going to question its potential

STT

legendary

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I'm not especially optimistic on BTC until people find a reason to hold or gain even while price is falling. A super basic example would be interest gained by holding a deposit somewhere, I guess some exchanges do allow people to lend out their BTC at some rate for shorting purposes or lend capital to a business. The more there is of that, the greater baseline we have to the BTC price.
I personally go long and short on BTC at the same time, on different accounts and with various cost or benefit. Ideally that's possible while price falls and not be so affected by price variations.

greatr

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Then what's the problem, you sold at peak. You're fortunate, you have the chance to sell at peak, and right now you've had the opportunity to buy again at low prices. Are you sad about the price right now? In fact, the price is doubled from what we have this year in January. When you want to be at max profit, you can't change the price because you're tired of waiting. You had to recognise that we have more bear market time, and that's why patience is one of the main if you're going to succeed here.

angryswamp

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I always assume that Bitcoin will be able to run again in 2017. And now more and more companies and countries are embracing Bitcoin, so in my opinion Bitcoin is more and becoming more and more popular. The price of bitcoin is going down right now, but I don't think it's the end of bitcoin. Bitcoin's rising and falling prices are popular. So I'm not worried and I'm sure the price of bitcoin will be more costly in the future with all the features and benefits of bitcoin.

fravia

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You can't always expect the market to peak, and all is overvalued at that moment. As a result, Bitcoin got affected and then the negative perception of Bitcoin emerged among people with the bearish market that sadly pushes down the price so fast. The economy is stable right now, though it's always in my favour, if it could repeat the bullrun again and be able to keep up or even raise prices somehow it would be really great.

STT

legendary

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Quote

A lot of new people entered

Its mostly a repeat or cycle and iteration of a continued theme which is volatile growth. BTC was national news in 2013, long discussion pieces on this new technology then it had a lull etc. Mostly as a source we have unstable FIAT standards to sell or advertise the benefits of being independent of just one ecosystem especially where that currency is isolated from actual real trade.
The main take away is that though population varies, does it generally increase and I believe it does. Its important that utility continues to improve to justify the attention and reliance people place upon on it, or we may get a competitor to the crown which in open capitalism is always possible.

Quote

new lower price point which is going to be higher then the last ultimate high

Thats probably true, though the dips are harsh we seem to maintain above the old highs though it may be years back & a harsh pull back. We do advance forward nominally and so it continues to justify a long term bullish stance. What I would really like to do is better time my involvement and avoid being negative while we accumulate in price but also not be caught up in believing price always rises, it wont it falls harshly when and if market demands it.

nickenburg

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A lot of new people entered the Bitcoin/cryptocurrency world, it kinda became mainstream, everyone was talking about it, the news, people around us.
It was to hyped up and it became a bubble but this is not the first time it happened, same thing happened when the price went over 1000$ the first time, a big crash with a few years of going down and up.

Then suddenly in 2017 the price went to 20000$ and the same thing happened again, and I think we are going to see the same thing again soon.
Where the price will go insanely high to probably 100000$ and then we are gonna crash again for a few years but still we reached a new lower price point which is going to be higher then the last ultimate high($20000)

This was already explained a lot that the price is volatile and as Bitcoin gets older we are going to see the market stabilize more and more.

asus09

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Quote from: smyslov on January 11, 2020, 09:23:21 AM

Quote from: cheezcarls on December 18, 2019, 01:06:17 PM

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

Yes I agree that the market and the whole community have matured, but I do not agree on your opinion that what happened in 2017 will not happen again, so where all the predictions will soon become 6 digit in value, so is the $20 k level is the last stop of Bitcoin on its price, Bitcoin price is dynamic it will have another all time high the community believe on that.

I think is the way why I like investing with bitcoin and altcoin because price can raise up and down drastically, we know how much bitcoin price last two year and raise above $16k although now down lower $8000, I think have way to make profit with bitcoin by re investing and hold bitcoin for long term to get profit back and see bitcoin on higher price.

smyslov

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Quote from: cheezcarls on December 18, 2019, 01:06:17 PM

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

Yes I agree that the market and the whole community have matured, but I do not agree on your opinion that what happened in 2017 will not happen again, so where all the predictions will soon become 6 digit in value, so is the $20 k level is the last stop of Bitcoin on its price, Bitcoin price is dynamic it will have another all time high the community believe on that.

Mahanton

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Quote from: drachman on January 10, 2020, 08:43:08 PM

Quote from: bitbunnny on January 07, 2020, 12:24:00 PM

What happened? Volatility, conditions on the market. Did you really think that the price will go only one way, up? That is not sustainable and sooner or later price must fall, the question is only how much.
When investing you always need to have volatility in your mind, counting on risk and possibility that you will suffer loss. When Bitcoin is involved don't always be too optimistic and once you see howard trend don't forget that sooner or later you will see downtrend also.

As ridiculous as it may sound many people do not understand that the market cannot go up permanently, and they think this because they do not really understand how the market works, if someone is selling anything for a price in order for the price of that asset to go up then someone else needs to be willing to buy it for a higher price, but at some point the price of that asset is going to be too high for most people and they are not going to buy and that is when we see a crash and that is what happened the bitcoin years ago.

Market do involves buyers and sellers on where most newbies do missed out on how a true market works.
I cant deny that i do able to feel out the same when im just still starting here on this market where i do have that
kind of perception where market do only goes up and never come down.Later on, those hopes were crashed same
goes to my investment which made me realized that things arent working on what you anticipated.Well, you can
really learn from your mistakes and now you should try up your best to go along with the volatility and utilize
these movements for you to make money.

drachman

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Quote from: bitbunnny on January 07, 2020, 12:24:00 PM

What happened? Volatility, conditions on the market. Did you really think that the price will go only one way, up? That is not sustainable and sooner or later price must fall, the question is only how much.
When investing you always need to have volatility in your mind, counting on risk and possibility that you will suffer loss. When Bitcoin is involved don't always be too optimistic and once you see howard trend don't forget that sooner or later you will see downtrend also.

As ridiculous as it may sound many people do not understand that the market cannot go up permanently, and they think this because they do not really understand how the market works, if someone is selling anything for a price in order for the price of that asset to go up then someone else needs to be willing to buy it for a higher price, but at some point the price of that asset is going to be too high for most people and they are not going to buy and that is when we see a crash and that is what happened the bitcoin years ago.

Finestream

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Quote from: bitbunnny on January 07, 2020, 12:24:00 PM

What happened? Volatility, conditions on the market. Did you really think that the price will go only one way, up? That is not sustainable and sooner or later price must fall, the question is only how much.
When investing you always need to have volatility in your mind, counting on risk and possibility that you will suffer loss. When Bitcoin is involved don't always be too optimistic and once you see howard trend don't forget that sooner or later you will see downtrend also.

Volatility would always gives us a chance to be profitable if we play with it, it's okay to invest for long term but the pump and dump could also happen because it's not new to the market and if this happens we should know what to do.

That's why the short term are profitable because there's a lot of moments that we see a pump and dump in the past year and hopefully this year would be more different and hope we will see more bullish trend this year.

Started at $7k this year is not bad compared to last year but let's see what price we will end up this year, hopefully we can double that the least.

cutesgirl

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Quote from: Visbay on January 07, 2020, 12:09:46 PM

Quote from: alisonwonder on January 07, 2020, 04:48:52 AM

Quote from: kro55 on January 02, 2020, 11:06:35 AM

19000$ was ATH and ATH price cannot be maintained for a long period and it’s a blue moon that appears only once in years. Those who have missed the opportunity will have to wait for an indefinite period of time to see that blue moon. 19000$ was an overrated price that was backed by pumping by whales and FOMO by millennials.

and that happens always after halving happened in the previous year, like 2012 and 2016. so when supply decreases demand will certainly increase, and it is very likely that there will be a new ATH in 2021.

Yeah, price of crypto is all about demand and supply so when demand rises and supply decrease than we see price increasing rapidly and in last two years bitcoin and crypto had high demand but because if huge purchasing supply was lower than demand but then people suddenly start selling to get profit that made supply ratio higher than demand so price went down.

Bitcoin is crazy when you really trusted with higher price maybe you have been failed because bitcoin down whit lower price, last two year when bitcoin have been raise $19000 and whit short day later bitcoin have been down and many people looks frustrated until now because bitcoin can't back whit higher price.

bitbunnny

legendary

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What happened? Volatility, conditions on the market. Did you really think that the price will go only one way, up? That is not sustainable and sooner or later price must fall, the question is only how much.
When investing you always need to have volatility in your mind, counting on risk and possibility that you will suffer loss. When Bitcoin is involved don't always be too optimistic and once you see howard trend don't forget that sooner or later you will see downtrend also.

Visbay

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Quote from: alisonwonder on January 07, 2020, 04:48:52 AM

Quote from: kro55 on January 02, 2020, 11:06:35 AM

19000$ was ATH and ATH price cannot be maintained for a long period and it’s a blue moon that appears only once in years. Those who have missed the opportunity will have to wait for an indefinite period of time to see that blue moon. 19000$ was an overrated price that was backed by pumping by whales and FOMO by millennials.

and that happens always after halving happened in the previous year, like 2012 and 2016. so when supply decreases demand will certainly increase, and it is very likely that there will be a new ATH in 2021.

Yeah, price of crypto is all about demand and supply so when demand rises and supply decrease than we see price increasing rapidly and in last two years bitcoin and crypto had high demand but because if huge purchasing supply was lower than demand but then people suddenly start selling to get profit that made supply ratio higher than demand so price went down.

alisonwonder

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Quote from: kro55 on January 02, 2020, 11:06:35 AM

19000$ was ATH and ATH price cannot be maintained for a long period and it’s a blue moon that appears only once in years. Those who have missed the opportunity will have to wait for an indefinite period of time to see that blue moon. 19000$ was an overrated price that was backed by pumping by whales and FOMO by millennials.

and that happens always after halving happened in the previous year, like 2012 and 2016. so when supply decreases demand will certainly increase, and it is very likely that there will be a new ATH in 2021.

greatr

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Then what's the problem, you sold at peak. You're fortunate, you have the chance to sell at peak, and right now you've had the opportunity to buy again at low prices. Are you sad about the price right now? In fact, the price is doubled from what we have this year in January. When you want to be at max profit, you can't change the price because you're tired of waiting. You had to recognise that we have more bear market time, and that's why patience is one of the main if you're going to succeed here.

Topic: Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 2. (Read 1837 times)