Two Years Ago, Bitcoin Was Over $19,000 — What Happened? - page 8.

pakhitheboss

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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The point was originally made by Twitter account of Rob “Crypto Bobby” Paone (@crypto_bobby) in a tweet, where he shared what the market price of both Bitcoin and Ethereum were two years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.

2017 was a big year for Bitcoin, it zoomed past and created history. 2018 was the year of correction and community reforms. 2019 till it ends will be known for new endeavors and new investment from Big corporates, acknowledging and accepting the power of Bitcoin. 2020 will be the year of halving and 2021 will be when Bitcoin creates a new all time high.

Keep that in mind.

Ayiranorea

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If we keep on thinking in such a manner, then it isn't two years back we need to keep digging for ten years back. The value has emerged out of valueless token which has given a new framework for the financial infrastructure that's been built all around. With this it is quite easy to make things get mutual growth as well as have everything transparent.

squatter

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Five years ago, Bitcoin was below $200. What happened? Wink

This is just price discovery in action. Some people believe that Bitcoin will always be fated for these "boom and bust" cycles. They might be right about that.

sunsilk

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I missed to sell during that period for my altcoins but then I have no choice but to held it and just wait patiently until another bull run comes or else, it's already the gamble that I have and also aware of having nothing in return.

This time, bitcoin is growing naturally and we'll see it grow with the people and institutions that are really believing to it. The drop of price determined who were the people that's really interested on it no matter how huge or small the drop was.

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

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.

Actually you got it backwards. The slower it goes up, the less likely it bounces back down. Bull (or bear) "runs" are trouble, expect a correction.

You could say the last two years have been correcting that 19k madness. It was too quick too fast, as simple as that.

As time goes bitcoin price is only going to fluctuate less and less, but we are not quite there yet. And no, it will never go flat, because Bitcoin is deflationary while fiats all lose value intentionally as they all follow the Chicago school dogma.

We wish that Bitcoin would NOT have another round of big anything, unless you are a trader rather than a holder. Wishes, of course, don't determine market price. Wishing is free, but facts are what they are.

I remember that December, the price spike was so high i clearly knew it was going to plummet. If you buy only after the fact (when everybody else is buying) you are doing it wrong. Who bought at 19k thinking it would reach 50k or so was simply not paying attention.

The faster it moves, the less you should be getting in. You only took it seriously after this crazy sudden spike? Why you didn't buy at 600$ in 2016 then after that halving? The price was so boringly stable, precisely... And today its worth 10 times more.

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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.

Yes it seems like new traders, have just felt the biggest risk of trading in crypto and here it is, falling to the point where people are very scared, the end of the year and the expected price really misses what is expected, halving and other events cannot give positive impact.

Baofeng

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2017 was just a bubble waiting to be burst. Lots of irrational buyers that time that really push the price to it's breaking point, so obviously it did go down, and go down hard. And this market is fairly new, we haven't seen that kind of meteoric rise before that's why many believed that the price will continue on its parabolic rise. But all signs are pointing that it had bubbled already, but investors chooses to ignore this signs. So let's wait for the next bubble to occur, 2021 (4 year cycle)?

Ozero

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It is likely that Bitcoin will several times rise to the same high price values. However, what will happen next is difficult to say. If after each such growth Bitcoin will also fall in price for at least two years, which of the investors will want to invest their money in it and so risk it. Will it continue to rise in price or rise and then fall ?. Not only the fate of Bitcoin, but also the further direction of the development of cryptocurrency depends on this.

Broly46

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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.

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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*.

_*

cheezcarls

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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.

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