The beginning of the end was the sentiment in repeated parabolic cycles of the past, though in the last one I witnessed, was strange that long time holders (supposedly) had said that this time the end was starting.
I never figured out why these guys left. Why they thought the real end had started. After seeing themselves several times how the cycles go. Perhaps the 2017 really was the first time the developed world truly saw and heard about bitcoin and that was that.
Topic: Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 5. (Read 1837 times)
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.
Um what? The only time bitcoin was far less than than $100 was 2012 and before. 3 years ago was 2016 and it was no where near "far less than $100". You have to get your facts straight before you try to refute someone and what they are talking about.
What happened in 2017 still arguable whether the market rises due to normal demand activity in the market or manipulation from a single market whale and using usdt.
According to a Bloomberg report, two academics including Professor John Griffin from the University of Texas, and Amin Shams from the Ohio State University, jointly published a paper in 2018, which suggested that the 2017 Bitcoin surge was a result of market manipulation and not a natural market movement. source
The market still far far away to be claimed mature, susceptible to manipulation of whales, probably take another 10-20 years to make stable market, where the coins spread widely among people.
However, what happened in 2017 more likely repeated in the next year or a year after the halving in 2021, reach a new ATH.
According to a Bloomberg report, two academics including Professor John Griffin from the University of Texas, and Amin Shams from the Ohio State University, jointly published a paper in 2018, which suggested that the 2017 Bitcoin surge was a result of market manipulation and not a natural market movement. source
The market still far far away to be claimed mature, susceptible to manipulation of whales, probably take another 10-20 years to make stable market, where the coins spread widely among people.
However, what happened in 2017 more likely repeated in the next year or a year after the halving in 2021, reach a new ATH.
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.
A. follow up to this is that, price is like this now maybe that is the actual range for the price of bitcoin. In 2017, we saw a kind of artificial move every month until it climax to December. So, I'm looking at the price as what could be the actual price now
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.
I highly believe that it wont really get rid of those Fud and Fomo things yet this had always been part of this kind of market which is really very unpredictable and being affected by news most of the time2017 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.
even if theres none we are still surprisingly greeted by random ups and downs on a particular day thats why its hard to conclude that market becomes mature.
Seeing those glory days in Bitcoin on reaching that ATH might not be seen on early years to come but it will depend on market demand though but i do rather prefer
on a slow pace but having a stronger price foundation.
$19000 was an abnormal rise and market has to take correction after that huge pumping. Price jumped to $19000 because it was first time bitcoin came to spotlight and everyone started jumping without knowing the future. I don't think we will again see $19k as people are now more careful in investment.
We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.
I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.
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.
Everyone who invested in the market during the last bull made a ton of profit unless they came in the market when the market was at its peak and i am not expecting the same rally this time but i am expecting the bulls to push to reach the all time valuation we hit last time and if that happens this time i will once again book my profit and wait for the market to settle down, i might not be selling everything but will look for the market to see how long it can go in the next rally. I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.
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.
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.
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.
Alot of people have known roughly of Bitcoin since 2013, the more important part would be actual use or need and desire to utilise Bitcoin to their advantage. Thats the base level to watch for proper price movements, the 2017 rise was partly a feedback loop of people believing the price would go higher so it did as more people took up BTC they didn't actively intend to use or keep.
Hence the rise becomes a peak and spike up as the usage was not there, it takes far longer to accumulate proper revenue in BTC beyond speculation. Its a familiar cycle, its partly down to easy Dollar policy allowing people to speculate elsewhere. I'd say its destructive but apparently BTC can handle the fluctuation and continues with some genuine growth at a slower pace.
Hence the rise becomes a peak and spike up as the usage was not there, it takes far longer to accumulate proper revenue in BTC beyond speculation. Its a familiar cycle, its partly down to easy Dollar policy allowing people to speculate elsewhere. I'd say its destructive but apparently BTC can handle the fluctuation and continues with some genuine growth at a slower pace.
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.
Its not about the number of people know about bitcoins, it more about the perception of bitcoins. People have seen all those who invested at the top and got Rekt.
This means no one will be willing to buy bitcoins as soon as it starts to pump and therefore it will reach much less amount than we may expect it to be.
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.
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.
However, what I know is there are a bunch of Stockmarket traders who switched to Cryptos and dump when it reached their goal which very much well played. Thats how traders should work too, buy and sell upon reaching the target and move on.
If selling your crypto asset after you hit the target is called dumping, then yeah all of us are dumping, even Bitcoin.
The thing is, retail investors can't pump any coin in the market alone. We need big players to pour in massive dollars to Bitcoin or any other alts for the marketcap to increase. Thus, the unprecedented rise of Bitcoin in 2017 will happen again.
One thing I noticed in the market today is, It doesn't have a strong indicator that we're going to have the bull on 2020.
It may still happen depending on the mainstream media and what whales will do with it. We can reach to 20 thousand dollars and stay there, we had that type of increase before, remember that 1500 dollars or so all time high we had for a while? We broke that on a regular Tuesday type of deal, we didn't skyrocket beyond it, we slowly and gradually went above it and reached 20 thousand, so 1400 was all time high and we went to 20 thousand instead.
Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.
Mainstream media make many people panic for selling bitcoin and make price become down, many countries try to make bitcoin have lower price by giving fake news by media and use social media in twitter and Facebook to make bitcoin down, if bitcoin reached with higher price above $16k no one want save their money in the bank and like for investing with bitcoin only. Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.
It may still happen depending on the mainstream media and what whales will do with it. We can reach to 20 thousand dollars and stay there, we had that type of increase before, remember that 1500 dollars or so all time high we had for a while? We broke that on a regular Tuesday type of deal, we didn't skyrocket beyond it, we slowly and gradually went above it and reached 20 thousand, so 1400 was all time high and we went to 20 thousand instead.
Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.
Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.
...
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.
Haha, maybe you are right! Everyone becomes wiser or at least doesn't care about it anymore. I'm still looking forward to what will happen next year after Bitcoin Halving happens. Maybe, we're staying in a silence time before a big storm, but perhaps we also have gone through the glorious time of Bitcoin and crypto. But I love this, the harder it's to guess, the more interesting it becomes. 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.
Market isn't always what we think it should be. It doesn't work in a way we want it to. Surely, dumps and high rate of demand plays a big role in controlling the market but it doesn't rely on much of that. It has other sector that other people might know or not. And besides, though high price brings fortune still we have to take work in earning that, that's why bear market isn't always a bad thing because that is anther opportunity for us to save and take advantage when market is at its peak.
Just keep the faith, Bitcoins technology and purpose itself is the real factor that will drive the prices up in the next few years. Where all here to make money I assume but it will take time again before we can see a significant growth. The recent ATH was a product of hype and not a real growth but the fundamental of Bitcoin remains forever and I will not be doubtful of its potential.
It was pointed out on Twitter that, just two short years ago, Bitcoin was hitting the peak of its most recent bull run — touching close to $20,000. The question of what the recent bear market has meant for the asset was then debated, with some claiming that this is the beginning of the end… and others unconcerned.
The point was originally made by Twitter account of Rob “Crypto Bobby” Paone (@crypto_bobby) in a tweet, where he shared what the market price of both Bitcoin and Ethereum were two years ago to the day.
Source link here
To all of those who have experience the big bull run of Bitcoin and other cryptocurrencies, I know how it feels.
We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.
I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.
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.
All markets regardless of their maturity will experience bubbles from time to time, what we saw in 2017 was the perfect combination of several factors that made people really positive about the future of cryptocurrencies, I'm still very positive about it but now I understand like most people here that went through that bubble that it is going to take a lot more time for bitcoin to reach its ultimate goal of becoming a currency that is accepted everywhere. The point was originally made by Twitter account of Rob “Crypto Bobby” Paone (@crypto_bobby) in a tweet, where he shared what the market price of both Bitcoin and Ethereum were two years ago to the day.
Source link here
To all of those who have experience the big bull run of Bitcoin and other cryptocurrencies, I know how it feels.
We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.
I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.
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.
Two Years Ago, Bitcoin Was Over $19,000 — What Happened?
Price was to high back then. A lot sold as soon as it got over $10000. Or bought altcoins. It was a crazy time. We are lucky we live now in such peaceful times.
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