Topic: Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 3. (Read 1837 times)
I don't think so bitcoin can raise higher price over $19k worth with bitcoin keep lower price today, not have way how bitcoin will growing up after time bitcoin always stable down, just one hope whit bitcoin halving become best waiting how way bitcoin going to, higher or lower price become most waiting moment by bitcoin investor to get their profit and keep lost with bitcoin.
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.
What happened is that markets are fickle and people generally get stressed out over nothing. I'm honestly past caring whether it's bull or bear season because I have no plans to sell in the foreseeable future. Given that the traditional economy has effectively failed an entire generation or two, BTC is now, most likely, the only way I'm going to have anything resembling a pension when I retire. This shit is my nest egg now. Accumulate and hodl*.
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A relatively modest yet accurate way to sum it all up
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.
In my point of view, Bitcoin is not yet over and I do believe that it is just getting started hence, we could see Bitcoin in a bull run just like what it had before or probably even more. Like what you have said and based on what we have observed upon our society, the world is gradually accepting the utilization of these cryptocurrencies especially Bitcoin. A lot of big business enterprise who have been acknowledged of these cryptocurrencies and by these circumstances, this could lead to massive adoption. 
He probably forget three years ago, bitcoin was by far less than $100, they’re just trying to cherry picking on the price, but two and three years does it make much difference? Do you brother with what you did five years ago? I could barely remember three years ago and every moment.
you got it mate,this is the problem if the people only looking for the bad things that happening in the market,but don't even bother to check the good things that happen in Bitcoin for the rest of 10 years.but we cannot blame them because many of them has been here only when the HYPE happens in 2017 but not when bitcoin is just sitting in 3-4 digits .
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.
Bitcoin is politically running where have popular and richest person in the world like with bitcoin he will give good opinion for investing with bitcoin and make price raise up, but other way when have people get a lot of reputation in bigger country in United of American like president Trump hate with bitcoin and said negative side from bitcoin will effect for bitcoin have lower price, we can keep trusted bitcoin always have higher or lower price at the future, just running with your moment when have to sell and buy bitcoin.
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.
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.
The pullback this time is way less then it felt after the peak in 2013 but its basically just another iteration of the same sentiment change. People get carried away and over do it, too many people buy BTC and never use it which means we get top heavy. THe market will wring the rag dry until all the people who never actually wanted to be part of BTC idea to break away from dollar are sellers, it ends settling or flatlining a bit and then we reappear with a more bullish tone.
Nothing different time, its a question of perspective and experience gained from long term involvement with BTC helps alot I reckon.
Nothing different time, its a question of perspective and experience gained from long term involvement with BTC helps alot I reckon.
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.
He probably forget three years ago, bitcoin was by far less than $100, they’re just trying to cherry picking on the price, but two and three years does it make much difference? Do you brother with what you did five years ago? I could barely remember three years ago and every moment.
Bitcoin wasn't $100 or under it three years ago. But yeah, it was cheap, and every time i see bitcoin over 1k, it's a win for me and it feels we are in bullish market related to that.
Two years ago many people trusted bitcoin become most popular digital currency payment and will be best investment assets on the future, just take one month later bitcoin price down until today where from bitcoin above $16k and now bitcoin only half from last two years price with $7k, many investor loss much money because they have really believe bitcoin will have higher price later.
The time is passing by, bitcoin price in that huge rate will surely not last long because of many struggles will come against bitcoin. even it have many believers and investors it won't take too long to hold that kind of huge price. even it is manipulated, everyone will take a chance to dump their huge amount of bitcoin to have a huge profit. that's bitcoin works and it is hard to take back 2017 price or it is possible in time will come that everyone is going to hype again.
at that time I had 0.5 BTC from several coins that I got from the bounty, I was very grateful that at that time I knew about bitcoin and I immediately sold all the bitcoins that I had at that time. I am happy to be able to participate in enjoying that beautiful moment, I hope that in the near future the moment will repeat itself
Wow that's a huge amount of money coming from bounties it's worthed investing your time and skills with such value of rewards, nowadays there's no longer project who can bring that kind of amount, most of the projects around are only for fooling people and scammed investors which would not pay any cents.And everything becomes possible when the 2017 bullish market will turn back but I really surprise to have it again.
We can't imagine how hypes play that time and the entire market is skyrocketing but the difficult part after the event is that we are also suffering big losses because scam and fraud came in. Now, thinking for another $20k is just necessary for me, only I ask is that the use of crypto will be realized as a currency. And that makes a way to increase the market demand for Bitcoin and the price will move as well.
at that time I had 0.5 BTC from several coins that I got from the bounty, I was very grateful that at that time I knew about bitcoin and I immediately sold all the bitcoins that I had at that time. I am happy to be able to participate in enjoying that beautiful moment, I hope that in the near future the moment will repeat itself
Wow that's a huge amount of money coming from bounties it's worthed investing your time and skills with such value of rewards, nowadays there's no longer project who can bring that kind of amount, most of the projects around are only for fooling people and scammed investors which would not pay any cents. We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago.
I might be in the minority, but I'm hoping we don't see another 2017 again, though I'm pretty sure we will eventually. What happened in the lead up to December of that year was pure crypto insanity, and if it wasn't a full-fledged bubble, it was damn close. And look at where bitcoin and the entire altcoin market are right now. They're both still trying to recover from the madness that was 2017. Bubbles aren't healthy, but they're like drugs. They feel great but you know the high is going to end at some point and they're not good overall.I'd still love it if bitcoin got back to $20k, but only if it got there s-l-o-w-l-y. Slow and steady rather than in a hyperbolic manner that's characteristic of something that can't be sustained.
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.
That ATH of $19k was highly manipulated. The price went up because of the tether manipulation by Bitfinex. That wasn't the organic growth and a correction was more than expected. Price corrected throughout the 2018 and now it's recovering slowly and steadily with small correction here and there.
So, what happened?
Price went up ridiculously without any underlying reason and then corrected and now recovering organically.
So, what happened?
Price went up ridiculously without any underlying reason and then corrected and now recovering organically.
at that time I had 0.5 BTC from several coins that I got from the bounty, I was very grateful that at that time I knew about bitcoin and I immediately sold all the bitcoins that I had at that time. I am happy to be able to participate in enjoying that beautiful moment, I hope that in the near future the moment will repeat itself
Two years ago many people trusted bitcoin become most popular digital currency payment and will be best investment assets on the future, just take one month later bitcoin price down until today where from bitcoin above $16k and now bitcoin only half from last two years price with $7k, many investor loss much money because they have really believe bitcoin will have higher price later.
When you discuss only one side of the situation, when the price skyrocketed to $ 20,000 in 2016 and 2017, you forget the fact that many cryptocurrency users lost a lot of money due to the fact that they invested their money in Bitcoin at the wrong time. Almost the majority of new investors in 2017 took loans and sold real estate in order to win the jackpot thanks to investments in bitcoin, but given the current prices, many users lost almost everything. In addition, it can be safely assumed that when the price of Bitcoin rose to $ 13,000 in the summer of 2019, many sold their bitcoins only in order to return the money spent or pay their debts. Based on the current situation, we will have to wait a long time until the cryptocurrency market becomes, will attract new investments and cryptocurrency prices will go up.
I think that many people who invested in 2017 either made a little profit or some sold for break-even I don't think large amounts ended up losing money. Pull up a weekly chart of BTCUSD and you will see that the low of $3100 which was made in Dec 2018 was traded during Aug 2017 and many of the people who got involved with BTC were in the 2nd quarter of 2017. I think shortly after the rejected ETF it drew alot of attention and people basically got in anywhere between $1200-$3000.
Sure the price went to $20K however it was only above $10K for like 3 weeks before it topped out. So there is a good chance that too many people didn't buy at those prices unless they bought the pullbacks back in 2018.
So the people who weren't greedy and sold probably made a small profit or they just put their sell stop at break-even and got out when the markets broke $6000 back in November 2018 and stopped out many people out at break-even.
The people who lost alot were the ones who invested in altcoins, ICO scams or leveraged trading. However BTC seems like the most stable investment out of all of those.
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