Topic: What does Bitcoin's crucial year teaches us? (Read 411 times)
I learnt that Bitcoin is the hope of the future, at a time it will be legally accepted by all the country and it will for use for everyday transaction just like any other currency
Of course, such a price for bitcoin is pleasing to the eye today, but still it was a difficult path when a few years ago my friends said that this was another bubble that would soon burst, and so on, but I continued to believe and see the prospect in bitcoin, and today it already costs $ 22,000 and I am very glad that I believed in him
I think the major influencing factor right now for the BTC is pandemic which resulted in various reactions by everyone. Now people are more than ever supportive of Hodling and institutions are also jumping in the game.
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it. Bitcoin is not a bubble but the most trustable crypto that's why no other crypto can overtake it even though some have better features than Bitcoin.
I'm not a hard believer of a 3-year Bitcoin pump pattern. Well, that's basically based on the Bitcoin halving.
Though Btc is bound to break a lot of ATH in the long run, doesn't matter If how many years It did pump and dump, that's a normal fluctuations of a highly volatile asset.
What matters most is the growth of Btc since day one. From that alone you could tell, it's not a bubble that could burst anytime and will be gone in an instant.
During those year when bitcoin slump in the market it teaches and gives us realization to be patient. Just like these days price increase and lucky those who have strong hands that after for a long time bitcoin at last back to its track. With this movement in the market, possibly in my opinion we could see another all time high. So I’m one of those optimistic about bitcoin could bring us another good profit in the coming days or months.
BTC's crucial year teaches us that don't be excited, be patient, follow deeply in the market index, experiment on the previous situation, go slowly. If the market fall doesn't get panic, wait and see what happened next. The most important thing is if you mistake on time and can realize then you will never occur this type of error. So it is a good sign not to fall again.
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it.
What is so clear about?
2015 February lowest December highest
2018 January highest December lowest
Which one is this time?
Not to mention that you purposely avoided 2016,2017 and 2019 because if you would have counted that everything would look quite different. If you planned to tell people that the price will rise for certain you could have simply told that 10 years ago it was 10 c and now it's worth 20k, by this logic in 10 years it will be worth about 4 billion.
Stop trying to find patterns, and stop thinking history will repeat itself endlessly you're simply trying to guess the winner of the Royal Ascot by the zodiacal sign of the jockey on horse number 6.
Well, everything has been explained in this thread from OP and to the others who already commented. As a matter of fact, -- the thread doe not only show that bitcoin is capable to survive in the market regardless of the economic status but also reminds everyone that bitcoin is a long-term investment that provides profit beyond your expectation when you reap at the right time. I also agree that in this trading industry the main ingredient is patience with a spoonful of knowledge and skills in order for everyone to earn a profit that is beyond their expectation and succeed in this bitcoin world.
This whole year was under pandemic attack all over the world, and due to this reason, many countries have broken down with their GDP and collapse economies.
Bitcoin also gets affected due to pandemics and takes down to $3859.4.
But Bitcoin bounced back towards the previous high of $19,783.06.
All its showing worldwide interest of people in cryptocurrency.
Many new projects are going on with many institutes and corporates for a better chance in business and economics.
All things takings towards Bitcoins growth in value due to higher demands.
Bitcoin is becoming more and more popular worldwide at the same time becoming a more precious commodity asset also.
Bitcoin also gets affected due to pandemics and takes down to $3859.4.
But Bitcoin bounced back towards the previous high of $19,783.06.
All its showing worldwide interest of people in cryptocurrency.
Many new projects are going on with many institutes and corporates for a better chance in business and economics.
All things takings towards Bitcoins growth in value due to higher demands.
Bitcoin is becoming more and more popular worldwide at the same time becoming a more precious commodity asset also.
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it.
Hmm, I might consider your conclusion but I will definitely not depend all of my decisions into it. I tried to analyze the dates inclusing the prices you've mentioned and I noticed that 2015 and 2020 are the same. Their first quarters are bearish while their last quarters are bullish. But on the side of 2018, it was the opposite. Another thing I want to point out is the year 2017. Why huge fluctuation happened (I am pertaining to ATH, which is the biggest) on that year if you conclude that it supposed to happen every three years? See? I can't find a consistency at all. No offense mate but for me everything is just a coincidence. Nonetheless, great observation by yours
. 
Every year is crucial with bitcoin. As we take it granted, it looks to be more flourishing, because it is quite risky to predict the market and make the investment. People always find something negative about the market. The same is being used by the whales for the purpose of manipulation. Learning out of the market moves teach the difficulty and the plans to meet any kind of market change in no time.
Many things can be learned from what is happening now with Bitcoin, it turns out that we must have patience when investing in Bitcoin.
If we can be patient then we will get positive results, by getting profit from the current increase in the price of Bitcoin. Another thing
Bitcoin teaches us is to trust Bitcoin completely, because that believes in the potential of Bitcoin. So now we can get profit from Bitcoin,
after the price has risen above $ 19,000.
If we can be patient then we will get positive results, by getting profit from the current increase in the price of Bitcoin. Another thing
Bitcoin teaches us is to trust Bitcoin completely, because that believes in the potential of Bitcoin. So now we can get profit from Bitcoin,
after the price has risen above $ 19,000.
I am not sure about "every 3-year" thing. It can be a coincidence too. But I am sure about especially one thing that Bitcoin is really the best and most trustworthy cryptocurrency among all cryptos. I hope we won't see Bitcoin price going back to its first times in the future.
Lowest in 2020 $5032 - 17th March 2020. This may be the last lowest price. I mean u & I will not see this price again. Because PayPal already enter the market. Soon all time high.
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
The lowest for 2018 is correct but the highest on January 2018 was just after the bull run but, that still counts for the comparison.$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
By next year it's possible that we get to see a higher low by that time but I'm positive that there will be a massive breakout which will make bitcoin reaches another ATH.
Yes, thanks for corrections as that was post Bullrun and the begining of downfall for bitcoin as well as other altcoins except Ethereum which survived for a little longer, if we look at current Bitcoin price it we might see new ATH within the end of this month as the previous ATH is hardly $1000 away, let's hope those who missed out last time don't repeat the same mistake and also don't make same mistake of investing at peak🙂
Well, just as you are giving an advice. I've seen people who have bought at the peak. This can't be avoided and always being done by people that are only buying during the bull run.
This is really a very good Bitcoin price valuation for years you are giving good details about this, maybe everyone who saw this Bitcoin price valuation will know how they are going to buy and take advantage of the excellent moment to hold Bitcoin as their investment in future. Because I believe that in the next few months the price will definitely soar and will provide a very big profit for everyone who invests in Bitcoin.
This is for those who say that Bitcoin is a bubble, it feels proud to be a believer of Bitcoin I wish you would have added those bearish years wherein the value of Bitcoin dropped beyond imagination wherein most of the user thought it was the end of bitcoin before it pumped back.
I have listed the Bitcoin lowest point followed by pumps as it will help others to understand how Bitcoin has survived and bounced back.
Lowest in 2015
$216 - 5th Feb 2015
Highest in 2015
$464 - 19th December 2015
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
Lowest in 2020
$5032 - 17th March 2020
Highest in 2020 (till 23/11/2020)
$18891 - 21st November 2020
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it. Bitcoin is not a bubble but the most trustable crypto that's why no other crypto can overtake it even though some have better features than Bitcoin.
I have listed the Bitcoin lowest point followed by pumps as it will help others to understand how Bitcoin has survived and bounced back.
Lowest in 2015
$216 - 5th Feb 2015
Highest in 2015
$464 - 19th December 2015
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
Lowest in 2020
$5032 - 17th March 2020
Highest in 2020 (till 23/11/2020)
$18891 - 21st November 2020
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it. Bitcoin is not a bubble but the most trustable crypto that's why no other crypto can overtake it even though some have better features than Bitcoin.
Trust is one thing, features is another, when compared together, many people will go for trust because it is very expensive and takes a lot of time to grow; this is just the case with Bitcoin and many altcoins. Bitcoin is the most trusted which leads to it being the most valuable, and hence have been growing ever since, irrespective of the ups and downs. On the other hand, most altcoins have good features but they can't be trusted, that is, many with "good features" are still struggling to grow or even achieve a little of what Bitcoin has achieved. In addition, many altcoins with so called good features can't even maintain it hence the lack of growth always witnessed within them and even possible exit scam.
Nevertheless, in the aspect of Bitcoin growth every three years, one thing I learnt is, patience; being patient with your holding in Bitcoin always bring about good gains. Another is reliability, that is, holding Bitcoin comes with calmness, because it is reliable and you can trust it. And the last is, protect your Bitcoin at all costs, because it is very valuable.
The fact that Bitcoin recovered from many previous crashes or that it's better than any other cryptocurrency can't serve as an argument against it being in a bubble, because there's no connection between those things. Bitcoin is most likely in a bubble, because the price rise is drives by speculation and not some fundamental breakthrough, the price is also rising very fast in very short time, which is one of the biggest signs of a bubble.
Recovery of the prices is the biggest take in my opinion, many believed that the bubble will burst but here we are at the top. The big lesson here is not believe the hype, yes bitcoin was fueled by hype but by that time it was going down which means you are late to the party.
That's why we always advise everybody to Just invest with the money they can risk or spare amount from other extra jobs.
because if you really want to make bitcoin as Investment then must be ready to wait for long and that is what we have to accept.
Like now that yesterday Bitcoin price is strongly holding the $19,000 value but now?just overnight the price drops down by almost $2000,with this situation it is proven that volatility still at work and the market is still healthy .
because if you really want to make bitcoin as Investment then must be ready to wait for long and that is what we have to accept.
Like now that yesterday Bitcoin price is strongly holding the $19,000 value but now?just overnight the price drops down by almost $2000,with this situation it is proven that volatility still at work and the market is still healthy .
People considering Bitcoin price increasing as a bubble is quite inevitable imo, it's a highly volatile asset after all. Seeing it increasing and decreasing in high increments every few years should be quite natural if you're familiar with how the market moves since back then.
I don't know if the pandemic is bonus for Bitcoin or not. Maybe what it really does is magnify how it recovered by from and then we have the blockchain halving more of the catalyst of the bull run this year and subsequent bounce from the covid-19 effect.
Just imagine if there is no pandemic, maybe we are already in a new all time high. Nonetheless, we are almost there, pandemic is just a trial that we have passed already. So everyone is looking forward for a bull run starting last quarter of this year up to 2021.
Just like what others have said, it's just a bonus. It amplified the fact that Bitcoin is and cannot be affected by the events of what's happening in irl since it technically has no backings or what not. The crash back then most likely happened due to people expecting the pandemic to actually somehow affect Bitcoin, and everyone just basically followed suite, which resulted in that loss. But time did tell that Bitcoin was saying no to that, bouncing back up in quite a few months contrary to other stocks. Just imagine if there is no pandemic, maybe we are already in a new all time high. Nonetheless, we are almost there, pandemic is just a trial that we have passed already. So everyone is looking forward for a bull run starting last quarter of this year up to 2021.
What made this year for bitcoin to be in crucial situation is because of the pandemic, I honestly didn't expect bitcoin to reach this high since the world is on trial with the pandemic but bitcoin did the unexpected and that teaches us all that it is not really predictable.
(....)
I think the pandemic is just a bonus for Bitcoin this time.(....)
Since if you will compare on the previous chart, the Bitcoin block halving is one of the significant keys of this pump, if you check previous charts, Bitcoin is doing a huge pump for every after of Bitcoin block halving, Bitcoin is creating a new all-time-high every time after block halving. I also think this year or next year, we may see a new all-time-high for Bitcoin.
I don't know if the pandemic is bonus for Bitcoin or not. Maybe what it really does is magnify how it recovered by from and then we have the blockchain halving more of the catalyst of the bull run this year and subsequent bounce from the covid-19 effect.
Just imagine if there is no pandemic, maybe we are already in a new all time high. Nonetheless, we are almost there, pandemic is just a trial that we have passed already. So everyone is looking forward for a bull run starting last quarter of this year up to 2021.
Bitcoin is one of the best investments in my opinion. It's just that some people are still afraid of their existence which makes bitcoin sometimes untrustworthy in society. hope bitcoin will be $20k in a few days
What made this year for bitcoin to be in crucial situation is because of the pandemic, I honestly didn't expect bitcoin to reach this high since the world is on trial with the pandemic but bitcoin did the unexpected and that teaches us all that it is not really predictable.
(....)
I think the pandemic is just a bonus for Bitcoin this time.(....)
Since if you will compare on the previous chart, the Bitcoin block halving is one of the significant keys of this pump, if you check previous charts, Bitcoin is doing a huge pump for every after of Bitcoin block halving, Bitcoin is creating a new all-time-high every time after block halving. I also think this year or next year, we may see a new all-time-high for Bitcoin.
It all depends on how you perceive it. How you look at Bitcoin's price movements is subjective. What is objective is the fact that the price of Bitcoin is rising and falling all the time. Whether you are optimistic or pessimistic based on the movements is all up to you.
Based on your figures, you could argue that despite the low points there are always high points that counter it. However, you could also argue that despite the high points things could still end up in the low points. You say Bitcoin was $216 in the opening of 2015 but ended up at $464. But it is also true that Bitcoin opened the year 2018 with $17,635 but closed it at $3,164.
Based on your figures, you could argue that despite the low points there are always high points that counter it. However, you could also argue that despite the high points things could still end up in the low points. You say Bitcoin was $216 in the opening of 2015 but ended up at $464. But it is also true that Bitcoin opened the year 2018 with $17,635 but closed it at $3,164.
I think bitcoin have seen or experience bubble in the past. So what it teaches us is that once the bubble has been burst then obviously it will be followed by a long bearish trend that can make or break a certain investors. So enjoy when we hit the peak of the bubble, but at the same time prepare for a bearish trend as well.
That's why there are proponents of a '4 year cycle', a theory attached to the bitcoin block halving as well, we can read it here, Bitcoin - The 4 Year Cycle.
That's why there are proponents of a '4 year cycle', a theory attached to the bitcoin block halving as well, we can read it here, Bitcoin - The 4 Year Cycle.
What made this year for bitcoin to be in crucial situation is because of the pandemic, I honestly didn't expect bitcoin to reach this high since the world is on trial with the pandemic but bitcoin did the unexpected and that teaches us all that it is not really predictable. Yearly bullrun isn't real, it is a mindset of people that bullrun is real, if that makes sense. The year is nearing to an end, where do you see bitcoin in the end?
this pandemic did really test the bitcoin market. but with this crisis, it showed the true potential of btc and/or crypto in general. for people or merchants looking for alternative payment options, they now realize that crypto has high potential on this aspect. as many are converting to digital payments and avoiding the use of fiat, they now appreciate the presence of crypto. and for those that are still in doubt about the legality of btc, they were now assured by the paypal's integration of crypto in their ecosystem.
many have had doubts about btc or crypto, because a lot of them are hearing negative news from the media outlets - hacking, scamming, used in illegal activities such as terrorism etc but once they heard the news about big companies such as paypal and billionaires joining crypto, i guess a lot of them changed their mindset towards crypto
this year alone, teaches us a lot of things, for both believers and newcomers. right now, btc will stay in the market and will continue to earn more supporters
The fact that Bitcoin recovered from many previous crashes or that it's better than any other cryptocurrency can't serve as an argument against it being in a bubble, because there's no connection between those things. Bitcoin is most likely in a bubble, because the price rise is drives by speculation and not some fundamental breakthrough, the price is also rising very fast in very short time, which is one of the biggest signs of a bubble.
You probably misunderstand what being in a bubble really means - it doesn't mean that Bitcoin is worthless, it just means that it is overpriced due to the market acting "irrationally". It happens with other assets too like stocks or real estate or commodities.
You probably misunderstand what being in a bubble really means - it doesn't mean that Bitcoin is worthless, it just means that it is overpriced due to the market acting "irrationally". It happens with other assets too like stocks or real estate or commodities.
What made this year for bitcoin to be in crucial situation is because of the pandemic, I honestly didn't expect bitcoin to reach this high since the world is on trial with the pandemic but bitcoin did the unexpected and that teaches us all that it is not really predictable. Yearly bullrun isn't real, it is a mindset of people that bullrun is real, if that makes sense. The year is nearing to an end, where do you see bitcoin in the end?
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
The lowest for 2018 is correct but the highest on January 2018 was just after the bull run but, that still counts for the comparison.$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
By next year it's possible that we get to see a higher low by that time but I'm positive that there will be a massive breakout which will make bitcoin reaches another ATH.
Yes, thanks for corrections as that was post Bullrun and the begining of downfall for bitcoin as well as other altcoins except Ethereum which survived for a little longer, if we look at current Bitcoin price it we might see new ATH within the end of this month as the previous ATH is hardly $1000 away, let's hope those who missed out last time don't repeat the same mistake and also don't make same mistake of investing at peak🙂
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
The lowest for 2018 is correct but the highest on January 2018 was just after the bull run but, that still counts for the comparison.$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
By next year it's possible that we get to see a higher low by that time but I'm positive that there will be a massive breakout which will make bitcoin reaches another ATH.
I like that you ended it with some other crypto have better future than bitcoin. My thought to this is the patient ones enjoy more during this period. You buy when it goes very low and patiently wait till this moment when it gets really high to sell..
Funny enough, greed would still make a lot of people loose the chance to sell this time around because they would have set a very high benchmark which bitcoin would not get to and when it starts to fall, they won't be able to sell anymore.
Funny enough, greed would still make a lot of people loose the chance to sell this time around because they would have set a very high benchmark which bitcoin would not get to and when it starts to fall, they won't be able to sell anymore.
Yes, patience is key when it comes to Bitcoin or crypto in general, indeed long term investors get what they deserve and everyone should understand and come out of the perception that they can get rich in a day or few trades by buying at low and selling at high because most of the time the market will be bearish throughout the year and during this phase, most of the people would give up and sell it off only to regret later. Only experience and knowledge will help people to come out of their perception that they can become rich overnight.
I like that you ended it with some other crypto have better future than bitcoin. My thought to this is the patient ones enjoy more during this period. You buy when it goes very low and patiently wait till this moment when it gets really high to sell..
Funny enough, greed would still make a lot of people loose the chance to sell this time around because they would have set a very high benchmark which bitcoin would not get to and when it starts to fall, they won't be able to sell anymore.
Funny enough, greed would still make a lot of people loose the chance to sell this time around because they would have set a very high benchmark which bitcoin would not get to and when it starts to fall, they won't be able to sell anymore.
This is for those who say that Bitcoin is a bubble, it feels proud to be a believer of Bitcoin I wish you would have added those bearish years wherein the value of Bitcoin dropped beyond imagination wherein most of the user thought it was the end of bitcoin before it pumped back.
I have listed the Bitcoin lowest point followed by pumps as it will help others to understand how Bitcoin has survived and bounced back.
Lowest in 2015
$216 - 5th Feb 2015
Highest in 2015
$464 - 19th December 2015
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
Lowest in 2020
$5032 - 17th March 2020
Highest in 2020 (till 23/11/2020)
$18891 - 21st November 2020
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it. Bitcoin is not a bubble but the most trustable crypto that's why no other crypto can overtake it even though some have better features than Bitcoin.
I have listed the Bitcoin lowest point followed by pumps as it will help others to understand how Bitcoin has survived and bounced back.
Lowest in 2015
$216 - 5th Feb 2015
Highest in 2015
$464 - 19th December 2015
Lowest in 2018
$3164 - 15th Dec 2018
Highest in 2018
$17635 - 6th January 2018
Lowest in 2020
$5032 - 17th March 2020
Highest in 2020 (till 23/11/2020)
$18891 - 21st November 2020
I hope this will give you all a clear picture that every three years we there will be huge market fluctuations and make most of it. Bitcoin is not a bubble but the most trustable crypto that's why no other crypto can overtake it even though some have better features than Bitcoin.
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