we must be mentally ready for whatever storm or change it will provide in the future.
For 2 years already of bear market if we still hold and survive until now, that simply means we are ready and we understand that holding is still the most effective method. We don't know what lies ahead but we believers are always positive to see some good recovery and we like to see it happening soon. 
Topic: Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 4. (Read 1837 times)
everything is possible in the bitcoin market. it is very possible for bitcoin to be able to reach the value of $ 20000 like 2017 but the current condition of the crypto market from two years ago is different. so I also don't expect too much about the rise of bitcoin. bitcoin can reach the price of $ 14,000 i'm already happy because i bought bitcoin at a price of $ 7000. I also have to be mentally prepared when in 2020 after halving bitcoin doesn't pump as high as we expect.
Bitcoin can give surprises it can go as high as $20,000 or more but I don't think it will happen after halving in 2020 considering the current market situation. Change is the constant thing in the world which means that everything changes and it applies in bitcoin history, as years pass the market situation changes as well that is why basing your prediction a few years back won't give much good knowing that two years ago and years after will be the same. Bitcoin is a very good investment, no questions but we also have to bear in mind that it is not always good, we must be mentally ready for whatever storm or change it will provide in the future.
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.
yes people continue questioning and doubting the future of bitcoin especially when it comes to questioning the price movement these poeple always in hurry making conclusions, they think it was a real bubble when the price skyrocket from $500 to $20000.
and then suddenly make a decision to sell the coin they have on a discounted price like we see now.
and then suddenly make a decision to sell the coin they have on a discounted price like we see now.
That will happen repeatedly as most people see bitcoin as a trading object to obtain profit until the point bitcoin spread widely among people all over the world and fewer whales rule the market.
Anything that pumps significantly within a short period will plummet in a hard way like in 2017.
The market has matured and therefore the market has getting stronger.
2017 may not happen again but we can expect that the market will grow steady if that's what we believe that the market has matured.
However, based on my observation, the market seems still easily get manipulated as FOMO and FUD are still here.
Like what happen this year, we all witness an increase of bitcoin price for 30% in within 24 hours and for me, it's not a good sign of market maturity.
yes people continue questioning and doubting the future of bitcoin especially when it comes to questioning the price movement these poeple always in hurry making conclusions, they think it was a real bubble when the price skyrocket from $500 to $20000.2017 may not happen again but we can expect that the market will grow steady if that's what we believe that the market has matured.
However, based on my observation, the market seems still easily get manipulated as FOMO and FUD are still here.
Like what happen this year, we all witness an increase of bitcoin price for 30% in within 24 hours and for me, it's not a good sign of market maturity.
and then suddenly make a decision to sell the coin they have on a discounted price like we see now.
guess they will confused and even more restless after they realized they have sold it all but want to comeback to the game.
that moment people have no idea where they have to place the buy order position as the market starts moving.
this uncertainity must be known by anybody who involved in cryptocurrency market.
i see there is a lot of people thinking that bitcoin is actually a bubble , i don't give a fuck with them anyway lol.
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.
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.
everything is possible in the bitcoin market. it is very possible for bitcoin to be able to reach the value of $ 20000 like 2017 but the current condition of the crypto market from two years ago is different. so I also don't expect too much about the rise of bitcoin. bitcoin can reach the price of $ 14,000 i'm already happy because i bought bitcoin at a price of $ 7000. I also have to be mentally prepared when in 2020 after halving bitcoin doesn't pump as high as we expect.
Although there's a risk that bitcoin will not go the same on what happen last 2 years ago but still we still have chances to gain since we all know halving will give a great effect on bitcoins and whether $14,000 or not still we are lucky since for sure we will gain even a low percentage if we bought today but hopefully we can reach again the $20000 or maybe it will surpass.
Well back then it was hype and FOMO. Not all that bought in knew what they're dealing with. Just the hope of making big easy money. Now, after what happened in 2018, people see bitcoin differently. I think it'll be hard to get the same people to jump into another FOMO like that. That's why unless whales start a drastic pump, I don't think we'll have the same movement anytime soon.
So you mean that bitcoin halving will have no impact on the start of the next bull run. Also even if those people do not rebuy, don't you think we have new investments both individual and institutional which is another reason why bitcoin should be moving up always. Back in time 2017, there were very less awareness of bitcoins as it is now, so more people should jump in the train this time around.
everything is possible in the bitcoin market. it is very possible for bitcoin to be able to reach the value of $ 20000 like 2017 but the current condition of the crypto market from two years ago is different. so I also don't expect too much about the rise of bitcoin. bitcoin can reach the price of $ 14,000 i'm already happy because i bought bitcoin at a price of $ 7000. I also have to be mentally prepared when in 2020 after halving bitcoin doesn't pump as high as we expect.
Although there's a risk that bitcoin will not go the same on what happen last 2 years ago but still we still have chances to gain since we all know halving will give a great effect on bitcoins and whether $14,000 or not still we are lucky since for sure we will gain even a low percentage if we bought today but hopefully we can reach again the $20000 or maybe it will surpass.
everything is possible in the bitcoin market. it is very possible for bitcoin to be able to reach the value of $ 20000 like 2017 but the current condition of the crypto market from two years ago is different. so I also don't expect too much about the rise of bitcoin. bitcoin can reach the price of $ 14,000 i'm already happy because i bought bitcoin at a price of $ 7000. I also have to be mentally prepared when in 2020 after halving bitcoin doesn't pump as high as we expect.
2017 was a year when a lot of ICOs were having a lot of customers, it was as if people had found a gold mine. can you imagine investing in something that would give you a 10X return in a few days or months? That's what a lot of people thought when they invested in those ICOs and to invest in those ICOs a lot of people bought bitcoin. Bitcoin started to become very popular because of that, then it had the hard fork that resulted in BCH, a lot of people bought bitcoin to get free coins. with the hope that in December 2017 when they launched the Futures the price would be very high. These factors that I mentioned are the probable reasons why the price has increased so much in 2017
Considering the amount of money required to keep the bitcoin volume this way (even if some of them are just back and forth) I am not surprised we are not even more volatile. I mean sure sometimes we move from $5k to $20k and another we move from $20k to $3k but do you realize how many days and even months we just stay the same? Like think about how long we have been around 7 thousand dollars right now?
When we were around 10 thousand, that took months, last year around the same time the 3.5 thousand dollars or so levels were for months until April. So long story short, with whats going on and how "volatile" we claim bitcoin to be, those volatile moves all happen in a week or so and then for months we are all stagnant, that is not really that bad if you consider stocks do the same but slower.
When we were around 10 thousand, that took months, last year around the same time the 3.5 thousand dollars or so levels were for months until April. So long story short, with whats going on and how "volatile" we claim bitcoin to be, those volatile moves all happen in a week or so and then for months we are all stagnant, that is not really that bad if you consider stocks do the same but slower.
People just don't get it, volatility means that price is going in both ways. And as you say, there wasn't enough money to hold that price for a longer period. In the end its just a spike, and every industry have that kind of spikes in the beginning, nothing new in crypto, especially nothing new in economy. But people are lazy to do some researching, to learn more, they just see the price and nothing else.
And one more thing, people tend to talk about drop from 19k to 3k in less than 2 years, its more interesting than talking about bitcoin rising from zero to where it is now. I say all the time, everything is a perspective! Some people see it as huge drop and losing money, others are taking advantage and buying with a discount.
I still believe bitcoin can run again like in 2017. and now more and more companies and countries are accepting bitcoin so in my opinion bitcoin continues to grow and towards mass adoption. right now the price of bitcoin is declining but I don't think this is the end of bitcoin. the rise and fall of bitcoin prices is common. so I am not worried and with all the characteristics and advantages of bitcoin I am sure in the future the price of bitcoin will be more expensive.
of course many people predict that in the future bitcoin prices will be more expensive, no matter there is always a decline in current market prices because in reality market price movements will not always decrease. maybe 2017 can happen again in 2020
Considering the amount of money required to keep the bitcoin volume this way (even if some of them are just back and forth) I am not surprised we are not even more volatile. I mean sure sometimes we move from $5k to $20k and another we move from $20k to $3k but do you realize how many days and even months we just stay the same? Like think about how long we have been around 7 thousand dollars right now?
When we were around 10 thousand, that took months, last year around the same time the 3.5 thousand dollars or so levels were for months until April. So long story short, with whats going on and how "volatile" we claim bitcoin to be, those volatile moves all happen in a week or so and then for months we are all stagnant, that is not really that bad if you consider stocks do the same but slower.
When we were around 10 thousand, that took months, last year around the same time the 3.5 thousand dollars or so levels were for months until April. So long story short, with whats going on and how "volatile" we claim bitcoin to be, those volatile moves all happen in a week or so and then for months we are all stagnant, that is not really that bad if you consider stocks do the same but slower.
I did experience it and on the brink of selling all my coins at that moment.
But there is this instinct that tells me I should not. I didn't.
Could have been a lot of bitcoin now if I bought it back at the recent price but we just don't know what is going to happen.
It doesn't sadden me though, it gave me hope instead. There is always a chance for the value of bitcoin to grow more because we have already seen it.
Yes, it can happen.
But there is this instinct that tells me I should not. I didn't.
Could have been a lot of bitcoin now if I bought it back at the recent price but we just don't know what is going to happen.
It doesn't sadden me though, it gave me hope instead. There is always a chance for the value of bitcoin to grow more because we have already seen it.
Yes, it can happen.
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.
I hope the market has not matured yet if that would happen.
Of course, I still want to experience that bull run again to correct my past mistakes, I know some of us here who invested prior to the last bull run have made some mistakes too of not selling at the peak, we were too greedy that time and we always want to HOLD, which was a wrong idea and we have only realize after the long bear market or what we called a correction.
I still believe bitcoin can run again like in 2017. and now more and more companies and countries are accepting bitcoin so in my opinion bitcoin continues to grow and towards mass adoption. right now the price of bitcoin is declining but I don't think this is the end of bitcoin. the rise and fall of bitcoin prices is common. so I am not worried and with all the characteristics and advantages of bitcoin I am sure in the future the price of bitcoin will be more expensive.
of course many people predict that in the future bitcoin prices will be more expensive, no matter there is always a decline in current market prices because in reality market price movements will not always decrease. maybe 2017 can happen again in 2020
I still believe bitcoin can run again like in 2017. and now more and more companies and countries are accepting bitcoin so in my opinion bitcoin continues to grow and towards mass adoption. right now the price of bitcoin is declining but I don't think this is the end of bitcoin. the rise and fall of bitcoin prices is common. so I am not worried and with all the characteristics and advantages of bitcoin I am sure in the future the price of bitcoin will be more expensive.
Well back then it was hype and FOMO. Not all that bought in knew what they're dealing with. Just the hope of making big easy money. Now, after what happened in 2018, people see bitcoin differently. I think it'll be hard to get the same people to jump into another FOMO like that. That's why unless whales start a drastic pump, I don't think we'll have the same movement anytime soon.
@gabmen you’re right hype and Fomo played it’s part in the rally, but in a way I’m glad those people will not buy bitcoins again because they tend to dump bitcoins quickly which is not good for bitcoin prices. Also we don’t need to wait for whales to manipulate bitcoin prices, because once we near the halving event bitcoin prices shall shoot up and we will witness another monstrous bull rally.
https://hackernoon.com/how-crypto-market-behaves-its-a-damn-cycle-bffe47a01831
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