Will Bitcoin do the same scenario in 2018 ?

South Park

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Quote from: acener on May 16, 2021, 06:55:44 AM

It had a price drop and it is still staying at that price I don't really know what to expect.
I don't know what to feel if it would repeat the 2018 scenario I would be excited and happy because we could now accumulate more at a low price, But I would also be scared and anxious that it would just stay low or continue to drop because of those who would quit.
But if it does repeat the 2018 scenario then I would try my best to accumulate as much as I could and hold it till the 2020 scenario repeat and create a new ATH.

Not a bad plan but what happens is that many try to do something similar but very few can survive the winter that will come if this is indeed the end of the bull market, holding your coins when you are in profits and the market is always going up is very easy, holding your coins when the market is going down is one of the most difficult things to do because you are probably going to have to hold your coins for years without knowing when the next bull market is coming, but if you can do it you can obtain profits that will most likely change your life.

Raflesia

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Actually this will not happen, even if it happens, there will be destruction behind all of this because I think when the price is high, how could this scenario be repeated like in 2018, even unexpectedly.
In fact, I consider it now not from Elon Musk that the market has gone down but because it has been a long time ago that the market has been a recovery, there will definitely be a bear market that will come. Maybe now it is slowly moving, but what I hope is that in the long run I will worry about how other institutions will be. will go away and don't trust bitcoin anymore.
But in this year, bitcoin is at its highest so this panic should not be too deep.

arwin100

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Quote from: peter0425 on May 17, 2021, 03:41:26 AM

Quote from: Ngemmeng on May 16, 2021, 04:19:34 PM

very correct ! this scenario will continue to occur, after there is a tremendous increase in price there will be an even more extraordinary decrease in price. If you pay attention to the market, maybe you will think that the 2018 scenario will happen soon.

Don't be stupid enough to say stupid answer , Do you really know what had happened in 2018?

- Bitcoin price starts to fall from late December 2017 and continuously falling the whole 2018 , But look at the Bitcoin movement now the price continues going up and down so basically this is not what had happened in 2018 .

Exactly, it continuously fall at that year mentioned but we cannot actually say that we cannot experience that again since there's a possibilities that maybe it will happen this time. Although we cannot deny that there's a threat right now that if bitcoin but what good thing here is bitcoin is showing some good sign of little recovery.

Hopefully we cannot see a something like huge drop but if that scenario happen when its good chance for us to accumulate.

peter0425

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Quote from: Ngemmeng on May 16, 2021, 04:19:34 PM

very correct ! this scenario will continue to occur, after there is a tremendous increase in price there will be an even more extraordinary decrease in price. If you pay attention to the market, maybe you will think that the 2018 scenario will happen soon.

Don't be stupid enough to say stupid answer , Do you really know what had happened in 2018?

- Bitcoin price starts to fall from late December 2017 and continuously falling the whole 2018 , But look at the Bitcoin movement now the price continues going up and down so basically this is not what had happened in 2018 .

Kittygalore

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Quote from: South Park on May 03, 2021, 01:26:16 PM

Quote from: Kittygalore on April 30, 2021, 05:53:35 AM

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We must also look at the top, we saw bitcoin making a top in 2017 and right now it looks completely different than what we saw back then, the top only lasted for a few days in 2017 and then the price crashed away from it relatively quickly, right now we are close to the top once again and this has been the case for almost 2 months and it is to be expected this is going to remain this way, basically what this tells me is that this is not the top which means the price will keep growing during the next months.

Didn't you understand the question, OP said 2018 so I didn't include 2017 plus even if we were to include it, it won't still be the same because the prices of bitcoin even if it was to go down now is probably not the same pattern as back in 2018.

xSkylarx

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Only time could tell if history will repeat itself. But for me, that is not likely to happen again because many institutions now invested in bitcoin and started to acknowledge the use of blockchain technology in their businesses unlike in 2017-2018 where it was just hype resulting in bitcoin to reach $20k and drop more than 75% of that price. Mass adoption is slowly happening and not just bitcoin but also different cryptocurrencies are gaining traction to the public. Many popular personalities now see bitcoin as a store of value and a good investment for long term.

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Quote from: arwin100 on May 16, 2021, 04:54:19 PM

Quote from: acener on May 16, 2021, 06:55:44 AM

But if it does repeat the 2018 scenario then I would try my best to accumulate as much as I could and hold it till the 2020 scenario repeat and create a new ATH.

Expect this kind of scenario will happen since people are just waiting for a huge dip, many want to see a 2018 like scenario to buy more potential coin and stake for long term but I'm also doubting we can see something like thus since eventhough bitcoin reach at $45k current rate still many traders are now in position to buy at cheap rate so expect that for now we will play at 40k+ to 50k price level.

I was one of them who are waiting for the dip, and I believe that many more people are waiting for the dip to buy bitcoin, but all we can do now is to prepair for that dip beause the exact date of the dip it yet unknown and i we did not do some preparation maybe we will miss some opportunity to earn profit.

arwin100

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Quote from: acener on May 16, 2021, 06:55:44 AM

But if it does repeat the 2018 scenario then I would try my best to accumulate as much as I could and hold it till the 2020 scenario repeat and create a new ATH.

Expect this kind of scenario will happen since people are just waiting for a huge dip, many want to see a 2018 like scenario to buy more potential coin and stake for long term but I'm also doubting we can see something like thus since eventhough bitcoin reach at $45k current rate still many traders are now in position to buy at cheap rate so expect that for now we will play at 40k+ to 50k price level.

Ngemmeng

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very correct ! this scenario will continue to occur, after there is a tremendous increase in price there will be an even more extraordinary decrease in price. If you pay attention to the market, maybe you will think that the 2018 scenario will happen soon.

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Quote from: Twinscoin2017 on May 05, 2021, 03:44:06 PM

Quote from: DJANAS on April 24, 2021, 12:25:52 PM

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold Undecided

i am a little bit confused

Crypto market is always changing and pump and dump is not new to us, after the bullrun there is always a big dip, the problem there is we don't know when that dip come. If only we know when the pump and when that dip will happens maybe crypto is become more way of making profit but it is not. That is why we need patience and we need to control our self emotion.

Its name is the market cycle, and it must have happened at some point. but I don't feel that bitcoin will experience the same scenario as the last bearish 2018, currently bitcoin has more large holders and is more trusted by the public as a quite profitable investment

acener

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It had a price drop and it is still staying at that price I don't really know what to expect.
I don't know what to feel if it would repeat the 2018 scenario I would be excited and happy because we could now accumulate more at a low price, But I would also be scared and anxious that it would just stay low or continue to drop because of those who would quit.
But if it does repeat the 2018 scenario then I would try my best to accumulate as much as I could and hold it till the 2020 scenario repeat and create a new ATH.

South Park

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Quote from: monineklutak on May 12, 2021, 12:45:04 PM

Bitcoin dominance continues to decline and may drop to below 40%, of course this is good for altcoins, but bad for Bitcoin,
this clearly indicates that many bitcoin holders have left or may have sold Bitcoin, because it seems that many bitcoins are in exchange,
be careful the cycle might be repeated again, after the bulls are sure to bear to come

The difference now is that even now the amount of bitcoin that is in exchanges is still going down, basically the ones that are holding a lot of coins have decided to do so on their wallets and they do not have any intention to sell their coins on the short term, and as long this is the case the price of bitcoin cannot go down that much, people are getting too excited with altcoins but as soon as the price begins to go down then a significant portion of that money is going to comeback to bitcoin and make the price increase once again.

monineklutak

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Bitcoin dominance continues to decline and may drop to below 40%, of course this is good for altcoins, but bad for Bitcoin,
this clearly indicates that many bitcoin holders have left or may have sold Bitcoin, because it seems that many bitcoins are in exchange,
be careful the cycle might be repeated again, after the bulls are sure to bear to come

Lanatsa

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Quote from: South Park on May 11, 2021, 03:02:47 PM

Quote from: fullhdpixel on May 09, 2021, 01:51:28 PM

Quote from: South Park on May 07, 2021, 04:50:24 PM

Quote from: Kong Hey Pakboy on May 05, 2021, 04:18:35 AM

What happened in 2018 is different from what happened in 2020-2021, back in 2018 there were less institutional investors that are buying bitcoin because it was still unknown or they still don't find it worth investing and the prices dropped in January and now look at 2021, the price is stagnating but it didn't dumped altogether.

That is all the difference in the world, it is true the price is not moving but the fact that we are still so close to the previous all time high and yet the price does not go away tell us everything that we need to know, this is not the top, this is not the end of the bull market, we still have a lot of room to grow, this is just one of those moments in which the market does not move and the whales use those moments to get even more coins and I think the rest of the people should do exactly the same as them.

That really speaks to the situation doesn't it? I mean the fact that even after huge drops we still go back up to ATH price again and then eventually break it, have another huge crash, then go back and keep repeating this constantly really tells you all you need to know.

I get that bitcoin has increased a lot but ever since we broke over 50k for the first time, we haven't moved incredibly high, whereas altcoins did a huge increase, from 55%+ levels to under 45% the bitcoin dominance went down and that's all understandable as well because bitcoin price wasn't that shockingly different for the past month or two.

However with all of that in mind, it is still quite understandable if we are talking about bitcoin is not going down and going strong, it is not dropping and it is handling the drops very easily so that is a very important thing that we should realize.

It is true the performance of altcoins has been impressive during the last months but this was to be expected, altcoins had remained way behind bitcoin in terms of growth and the higher the price of bitcoin went the higher the chances that an altcoin season will eventually come, I am not worried about that because as soon as bitcoin begins to present positive moment a lot of that money will comeback to the market as the goal of most altcoin traders is to get more bitcoin than what they had before the altcoin season.

Circulation would always be there and there are specific time on when it would happen and you can really determine basing off with dominance and current market condition.

There's some flip out when it comes to that this is why we should really prepare on what would happen and make yourself to enter or exit depending on the situation.

Asking out if Bitcoin would do the same scenario in 2018? No one knows but basing with the current adoption then its really hard to believe on.

South Park

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Quote from: fullhdpixel on May 09, 2021, 01:51:28 PM

Quote from: South Park on May 07, 2021, 04:50:24 PM

Quote from: Kong Hey Pakboy on May 05, 2021, 04:18:35 AM

What happened in 2018 is different from what happened in 2020-2021, back in 2018 there were less institutional investors that are buying bitcoin because it was still unknown or they still don't find it worth investing and the prices dropped in January and now look at 2021, the price is stagnating but it didn't dumped altogether.

That is all the difference in the world, it is true the price is not moving but the fact that we are still so close to the previous all time high and yet the price does not go away tell us everything that we need to know, this is not the top, this is not the end of the bull market, we still have a lot of room to grow, this is just one of those moments in which the market does not move and the whales use those moments to get even more coins and I think the rest of the people should do exactly the same as them.

That really speaks to the situation doesn't it? I mean the fact that even after huge drops we still go back up to ATH price again and then eventually break it, have another huge crash, then go back and keep repeating this constantly really tells you all you need to know.

I get that bitcoin has increased a lot but ever since we broke over 50k for the first time, we haven't moved incredibly high, whereas altcoins did a huge increase, from 55%+ levels to under 45% the bitcoin dominance went down and that's all understandable as well because bitcoin price wasn't that shockingly different for the past month or two.

However with all of that in mind, it is still quite understandable if we are talking about bitcoin is not going down and going strong, it is not dropping and it is handling the drops very easily so that is a very important thing that we should realize.

It is true the performance of altcoins has been impressive during the last months but this was to be expected, altcoins had remained way behind bitcoin in terms of growth and the higher the price of bitcoin went the higher the chances that an altcoin season will eventually come, I am not worried about that because as soon as bitcoin begins to present positive moment a lot of that money will comeback to the market as the goal of most altcoin traders is to get more bitcoin than what they had before the altcoin season.

inanilujimi

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don't be confused dude, the 2018 scenario is not the same as what is happening today, don't panic about the decline in bitcoin and buy back if there is a decline of around 10%.
The market is currently getting stronger with many large companies investing in bitcoin and there is a possibility that it will continue to grow over time.

tippytoes

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Quote from: South Park on May 07, 2021, 04:50:24 PM

Quote from: Kong Hey Pakboy on May 05, 2021, 04:18:35 AM

What happened in 2018 is different from what happened in 2020-2021, back in 2018 there were less institutional investors that are buying bitcoin because it was still unknown or they still don't find it worth investing and the prices dropped in January and now look at 2021, the price is stagnating but it didn't dumped altogether.

That is all the difference in the world, it is true the price is not moving but the fact that we are still so close to the previous all time high and yet the price does not go away tell us everything that we need to know, this is not the top, this is not the end of the bull market, we still have a lot of room to grow, this is just one of those moments in which the market does not move and the whales use those moments to get even more coins and I think the rest of the people should do exactly the same as them.

The scenario today is really different as compared to what was the situation in 2018. Nowadays, there are so many financial institutions that are already involved in this market. Not only these institutions but top and known companies which are openly announcing their participation in crypto market. Popular companies such as PayPal and Tesla also have crypto in their system already. And I believe, a lot more will follow on their path. So what we are seeing today is a very different adoption than years back. The foundation of use case is getting stronger for crypto.

arwin100

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Quote from: fadhilz123 on May 09, 2021, 06:43:57 PM

Based on history maybe I will say YES, the huge dump will come because many old members will sell it because their mind is affected by history. But if we see the Bitcoin progress in this years that many huge institutions come, maybe a different scenario will happen, dump and pump in their hands

The old member we can say here is those whales who are buying more to support the market right now and if ther3's a dump I don't believe that it will be the same as 2018 since today we can say that bitcoin is so strong, maybe there will be a bear market came but I believe accumulators will fasterly buy cheap bitcoins since many now knows that it could possibly rise up to $100,000 per piece in future.

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Based on history maybe I will say YES, the huge dump will come because many old members will sell it because their mind is affected by history. But if we see the Bitcoin progress in this years that many huge institutions come, maybe a different scenario will happen, dump and pump in their hands

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Quote from: DJANAS on April 24, 2021, 12:25:52 PM

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold Undecided

i am a little bit confused

It is expected to happen for sure because the market can just continue to pump at some point we are going to have a very big deep into it, especially because we've come from a long way from 20k$ ATH last time and then it just skyrocket at this 60k$ market price.

So there are so many newcomers now in bitcoin that are not used to seeing their investment go down in a big percentage, so having a big drop into bitcoin would definitely cause a panic sell for newbies. And then everything will follow and fall apart.

But at this time I don't think bitcoin is gonna drop to 3k$ I think it's impossible for bitcoin to drop at that price, so I guess around 20k$ was the lowest it could go. But the good thing here is after this drop bitcoin is gonna come back stronger and will reach x3 its current market cap or even more.

Topic: Will Bitcoin do the same scenario in 2018 ? (Read 1037 times)