Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 6.

harizen

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

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.

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 don't know why others, especially those who witnessed the 2017 hype, are hoping or "wishing" for another bull run in just a matter of a short period of time after the biggest crash in history last year. Just imagine after just several months when that new established ATH happens, bitcoin price crashes to an unexpected bottom. Do these people didn't learn from that crash? Do they really want to repeat that 2017 rally with only pure hype as a foundation?

No need for a rush. Let the progress evolves slowly so that we can assure that we will have a healthy run and not just a product of pure hype. I know it's impossible to happen for now that we will have growth without an involved hype but at least we want to make sure that the next big run is a product mostly by pure demand.

For now, enjoy the bottom. If people are really optimistic about bitcoin's future, they have to trust the process even it will take several years in the making.

pixie85

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Quote from: Broly46 on December 18, 2019, 01:40:49 PM

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.

Damn, you must be watching another Bitcoin in another timeline. 3 years ago meaning 2017 the lowest price was 700 dollars. If we include November and December of 2017 to make it exactly 3 years it was 600 dollars. Say you meant 4 years then the lowest was 150 and the price barely touched that level and went back to 200.
Last time we were below 100 was in 2013.

Twinkledoe

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Quote from: adzino on December 20, 2019, 05:06:16 PM

I don't know why people keep on comparing the price of bitcoin with the price two years ago (during the sudden price rise). Look at the price of bitcoin four years ago and compare it now. Look at the of bitcoin six years ago and you will see that we multiplied our price by many folds! The price of bitcoin is meant to increase in the long run and more people gets to know about it. The short run price of bitcoin is totally unpredictable since the price is very volatile and sensitive to every events that might take place.

Yeah, it's funny that a lot of people can't move on from that ATH but yes, if you compare it years before that, you will be grateful for whatever bitcoin has accomplished til now. That ATH is like the career peak of bitcoin and we don't know when will it happen again. But with more knowledgeable crypto users and more adoption, I believe the future of bitcoin is still bright.

adzino

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I don't know why people keep on comparing the price of bitcoin with the price two years ago (during the sudden price rise). Look at the price of bitcoin four years ago and compare it now. Look at the of bitcoin six years ago and you will see that we multiplied our price by many folds! The price of bitcoin is meant to increase in the long run and more people gets to know about it. The short run price of bitcoin is totally unpredictable since the price is very volatile and sensitive to every events that might take place.

wheelz1200

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

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.

If only one could see the future. Cycles have always happened like this in crypto. From nothing to $30 then back down to $1, the the run up in 2013 to $1000 only to come back to $180, then the run to $20,000 then back to $3,000. I would like to say there is a pattern but that is only speculation. Has crypto matured where dramatic spikes wont occur again, I dont think so it is a very very young market.

nanaimogold

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Quote from: DooMAD on December 18, 2019, 01:30:55 PM

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*.

_*

From a holders perspective, I doubt there should be any reason to worry about these daily price fluctuations. Holders should leave speculation to traders. Cryptocurrency and bitcoin has come to stay and its value is high important to the scheme of things which makes bitcoin integral to the development of future world economy

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Quote from: owengtam09 on December 20, 2019, 04:34:53 AM

It drops so hard after the ATH's because when the bitcoin value already slowly dropping. Then some big investors just invest without even knowing that it will drop more so hard and got their investments lose so maybe they just turn their back to bitcoin.

That's not what this all about. The season which was mentioned by the analysis on Twitter was halving effect season and during such period very genuine or strong crypto are all expected to hit a new ATH through the following of bitcoin market trend and later experience market blood bath with correction for a new accumulation chance.
Meanwhile, experienced investors understand that buying or investing when the market us at ATH is die investment.

alisonwonder

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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.

nothing is impossible in crypto, you can see the history of price movements, there are so many things that we think are impossible, but that can be done by bitcoin.
I believe history can repeat it. halving next year can make that happen again, even many predict it could go higher than 2017.

owengtam09

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It drops so hard after the ATH's because when the bitcoin value already slowly dropping. Then some big investors just invest without even knowing that it will drop more so hard and got their investments lose so maybe they just turn their back to bitcoin.

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Quote from: nydiacaskey01 on December 19, 2019, 06:34:22 PM

Instead of being busy searching for answers what really happened and why it did not happened again in 2018 and maybe in 2019 as well, I would rather watch my coins and wait for it to reach my goals and sell. I will let other not so busy traders out there to search for the answer.

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.

It's a good thing that most bitcoiners are thinking differently. We're trading to increase our sats, not to make some fiat gains.

nydiacaskey01

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Instead of being busy searching for answers what really happened and why it did not happened again in 2018 and maybe in 2019 as well, I would rather watch my coins and wait for it to reach my goals and sell. I will let other not so busy traders out there to search for the answer.

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.

figmentofmyass

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Quote from: CthulhuDawn on December 18, 2019, 11:11:55 PM

An even more far-fetched idea, maybe establish a town that uses bitcoin as the only accepted currency? That will be awesome! Maybe cause I am still new to the scene, I find the possibilities extremely exciting.

this "crypto utopia" idea where bitcoin would underpin a city keeps resurfacing. the first iteration, bitcointopia, turned out to be a real estate fraud scheme. https://www.sandiegouniontribune.com/news/courts/sd-me-bitcointopia-20181104-story.html

a guy named jeffrey berns bought 67k acres of land in nevada and claims to have invested $300 million towards his plan.
https://www.nytimes.com/2018/11/01/technology/nevada-bitcoin-blockchain-society.html

building it in the middle of nowhere seems ill-advised to me.

imstillthebest

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Quote from: meanwords on December 18, 2019, 09:46:59 PM

11 months ago bitcoin was $3,600, now look at the price.

11 months ? you mean to say around last year the price of btc was at 3600 usd ? idk if that was a typo or not but last year the price of btc was already high and i think it was sitting at 10k .

Quote

I'm doubting that the next big bull run will happen anytime soon because people were stupid back then, they thought that Bitcoin is a get rich scheme investment which pulled a lot of people, even non-investors, into investing into Bitcoin. That cause the Bull run to reach $19,000.

that was back then and it was already over . the pump already happen last two years ago and people realized that btc is not really a quick rich scheme so they refrain from investing too much by now .

@op everything happens for a reason . the price drop because people or should i say manipulators just sold thier coins .

TimeTeller

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Quote from: YuginKadoya on December 19, 2019, 12:10:09 PM

Correction happens, well, back then the price of Bitcoin was just $100 USD and several years later it began to expand in price, but there is a certain movement that keeps on repeating but at the end the price of Bitcoin become sturdy and increasing, I really think that he doesn't only have all-time highs but a correction may come after that incredible increase in the price,

Many Bitcoin enthusiasts already know this kind of movement and that is why many are still returning to Bitcoin even though the price right now is falling apart.

Because they do believe that bitcoin is in the positive trend for the next coming years.
If institutions or merchants do not have the faith on bitcoin, will they continue to explore bitcoin or crypto as part of their payment method?
Since adoption is growing each day and more big companies are integrating blockchain technology, then I have high hopes with crypto in general.
The drop from over $19k to where we are now, is expected as that price was driven by sudden flock of newbies in crypto thinking that they need to join the hype at that time.
But the number of crypto users are still growing so they believe the benefits derive from crypto after all.

Shinpako09

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You've sold at peak then what's the problem? You are lucky, you've got the chance to sell at peak and right now you had a chance to buy at low price again. Are you sad because of the price right now? Price is actually doubled from what we have January this year. So that means, we are about to open 2020 higher or double. You can't please the price to be at peak when you want to because you are tired of waiting. You had to accept that we have more time of bear market and that's why patience is one of the key if you want to become successful here.

Barbut

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Quote from: YuginKadoya on December 19, 2019, 12:10:09 PM

Correction happens, well, back then the price of Bitcoin was just $100 USD and several years later it began to expand in price, but there is a certain movement that keeps on repeating but at the end the price of Bitcoin become sturdy and increasing, I really think that he doesn't only have all-time highs but a correction may come after that incredible increase in the price,

Many Bitcoin enthusiasts already know this kind of movement and that is why many are still returning to Bitcoin even though the price right now is falling apart.

Many Bitcoin enthusiasts are here for a long time. We were here before that 2017 when prices were much lower. We are here cause we know that Bitcoin can do more, this is not over. Bitcoin price is high, many people can't afford Bitcoin now, and in the future, it will be even more expensive than it's now. Volatility is normal in the crypto market, it's a rising market, we have ups and downs, like every other market, but nobody can't say that we are not bigger then we were before.

YuginKadoya

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Correction happens, well, back then the price of Bitcoin was just $100 USD and several years later it began to expand in price, but there is a certain movement that keeps on repeating but at the end the price of Bitcoin become sturdy and increasing, I really think that he doesn't only have all-time highs but a correction may come after that incredible increase in the price,

Many Bitcoin enthusiasts already know this kind of movement and that is why many are still returning to Bitcoin even though the price right now is falling apart.

Wysi

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Quote from: Bonenx14 on December 18, 2019, 09:26:15 PM

pumps like 2017 are really expected to return, and maybe if the pump happens again it could have reached a new peak price. waiting is something that can be done right now because I also don't believe 100% that the coming year can provide pumps like 2017, but I am sure that price movements can improve in that year.

The bullish pump of 2017 was way beyond the expectation and exceeded it's limit wherein we got so many investors who continued to buy it when it was already at peak and then as expected we are going through a long bearish correction period and I am not sure if we could ever see any similar pump which we have witnessed back in 2017 as it was caused purely because of high emotions and FOMO when the market was good.

nhbaonghi

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Noone knows what will happen next with Bitcoin price, however, if we look at more wider picture, we can see that in the coming years, the price of Bitcoin may significantly increase due to the demand and the influence of many factors such as increasing attractiveness to investors, competing with the market capitalization of gold. Another noteworthy factor is the expected World's economic crisis when everyone lost their faith on their government and their national monetary system. In my own opinion, I do believe that there will be another bullrun of the whole market (not only Bitcoin) and it will be much bigger than the previous one.

Harlot

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Bitcoin ATH way back 2017 wasn't supposed to happen like that, I expected it to stop at around 13,000$ but then FOMO that time was really strong that it pushed it at around those price levels. With big price jumps like that at a short period the bigger the marke confidence will decrease and adding more fuel to that fire is profit takers rushing in to jump out of the market thus resulting to where we are now. Also I don't have the same sentiments about you that the ATH cannot be beaten ir at least be repeated we may never know but with the incrsasing demand for crypto I know we will have a more stable price increase for it.

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