Will Bitcoin do the same scenario in 2018 ? - page 4.

milewilda

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Quote from: wheelz1200 on April 28, 2021, 11:20:08 AM

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

Nothing ever goes exactly what it did before. But knowing now what bitcoin did from 2018 to now, I'm sure abunch of people wouldn't mind another discount drop on bitcoin prices. Wink

Some are really hoping for some crash and some doesnt really like to see the market to crash because they are already aiming for new all time highs but there are people whom do
want to buy bitcoin for bargain price and do sell up when it recovers.Sounds a very typical or basic thing but really hard to be done when you are on the actual situation.
There might be no guarantees of such repeat of history but no one really knows on what would happen next because it would always vary with the demand
and other sentiments in the market which can really affect on the movements.

wheelz1200

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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

Nothing ever goes exactly what it did before. But knowing now what bitcoin did from 2018 to now, I'm sure abunch of people wouldn't mind another discount drop on bitcoin prices. Wink

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Quote from: Altcoinist on April 24, 2021, 04:18:53 PM

No, we are not in the same situation. There is a very strong fiat devaluation and economics crisis is coming (not only due to COVID).

I think this situation is a reason that bitcoin has risen this high. In 2017, the economic situation was not as it is today, it is very harsh and many economic issues and war , terrorism etc have reason which has opened more channels for bitcoin patronage. Also, there was no covid-19 that has the major role for not contacting it is avoiding constants and fiat passes from one person to the other person. As such it was a reason for the early off shoot of price last year April and may. So at the moment, the harsh economic development is going to benefit the rising of bitcoin more.

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Quote from: BrewMaster on April 27, 2021, 11:51:32 AM

Quote from: Febo on April 27, 2021, 11:47:18 AM

Yes, After bull market bear market will start. There is zero chances for that not to happen.

the important matter is timing.
we cannot have 2018 like bear market without a 2017 like bull market. right now we are still in 2016 like bull market and price has to go up a lot more than this and probably even reach half a million before it can burst and drop.

Right now we are in June 2017. 2016 is far behind us. In 2016 price had not reached 2013 ATH price. Right now we are x3 of 2017 ATH. There is not much time until this cycle ATH but a lot % to increase. Last month gets crazy.

BrewMaster

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Quote from: Febo on April 27, 2021, 11:47:18 AM

Yes, After bull market bear market will start. There is zero chances for that not to happen.

the important matter is timing.
we cannot have 2018 like bear market without a 2017 like bull market. right now we are still in 2016 like bull market and price has to go up a lot more than this and probably even reach half a million before it can burst and drop.

Febo

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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 !

i know that some news affect the market, but should we sell now in this panic ! or should we hold Undecided

Yes, After bull market bear market will start. There is zero chances for that not to happen.

No you should not sold now since we are in middle of a bull market and price will grow much higher. Most people expect it between $100-300k

LUCKMCFLY

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The truth is, I do not think it has the same scenario as 2018, because now the circumstances are very different, there are other living conditions, in addition there are many more new investors, the whales are the ones that have taken advantage of the movements since 2018, but since This 2020 they have had another type of strategy, in this article they show how they have possibly moved:

Quote

According to Dilution-proof, whales who bought BTC around $10,000-$11,000 last year saw the move above $60,000 as a chance to take profits and lock in gains of about 445%.

As Bitcoin’s upward momentum lost steam, the on-chain analyst says that whales who bought BTC when it broke out of $20,000 in December 2020 took the chance to take profits.

Source: https://dailyhodl.com/2021/04/26/heres-how-crypto-whales-are-playing-the-bitcoin-correction-according-to-on-chain-analyst/

coupable

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If the question in the topic title is only based on the actual decrease in btc price, then i think it's not the same condition as back to 2018. Actually everybody is waiting for the bear market, and personally i don't think it would happen sooner as it's expected to be 50 to 80% after hitting the 100,000$ and this probably strong to happen as the demand for bitcoin and other cryptocurrencies growth. I think it's mainly related to get over with the corona virus .

Mahanton

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Quote from: Shasha80 on April 25, 2021, 06:55:03 PM

I still believe that the current decline in the price of Bitcoin is very different from what happened in 2018. So selling Bitcoin right now is not
a good decision to make, as there is still a chance that the price will recover and go back above $ 60k again. So don't be in a hurry to make
a decision, now we still have to monitor Bitcoin's price movements. Hopefully Bitcoin doesn't drop below the $ 40k price, because if it drops
below the price of $ 40k, I'm sure there will be a panic sell and it will make Bitcoin fall even deeper. I still hope that Bitcoin can at least get back
above the $ 55k price first.

Sadly for those who panic sell because the price hadnt dip down wayback below 40k and as far as i remember it did only had that 46-47k price bottom and the price had made out some
recovery after that which is a good sign that there is really a strong support within those levels which do indicate that this isnt something that we can compare in 2018 price crash.
Nothing is guaranteed though because we know that this market can potentially crash without knowing on whats the reason behind.Therefore, as a trader or investors then
always set out Plan B's and Plan C's if the price turns out to be going into the opposite side.

Shasha80

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I still believe that the current decline in the price of Bitcoin is very different from what happened in 2018. So selling Bitcoin right now is not
a good decision to make, as there is still a chance that the price will recover and go back above $ 60k again. So don't be in a hurry to make
a decision, now we still have to monitor Bitcoin's price movements. Hopefully Bitcoin doesn't drop below the $ 40k price, because if it drops
below the price of $ 40k, I'm sure there will be a panic sell and it will make Bitcoin fall even deeper. I still hope that Bitcoin can at least get back
above the $ 55k price first.

suzanne5223

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Since we have not successfully executed all the total Bitcoin block halving, I believe the Bitcoin market will still replicate the same thing that happens in the year 2018 which is market blood bath but there may be a little change about when it will happen because this year market trend seems different from the previous market

martina14

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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

In the first place, We shouldn't be panic at all dropping its price was just a normal thing here happened in the market.
And because of this things some of the altcoins also dropped their price value, meaning once bitcoin start to kick its value
these altcoins for sure will also begin to spike their prices in the market as well. This is what I had observed every time
there is movement happening in the market.

lienfaye

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History can repeat itself so yes its possible however its just a prediction and there's no concrete basis. Bitcoin might go down further but I think not to the point like what happened before wherein the price dropped to its lowest point at $3k. The situation is different now compared to the past because adoption already takes place from big companies and btc already gain more users due to bullrun. Thus I dont think they will let the price plunge, but if ever it happen then deal with it positively to buy.

So keep holding and dont be too affected for the current happening because its just temporary.

darewaller

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Quote from: SacriFries11 on April 25, 2021, 10:42:48 AM

a lot of rich people already invest to btc and I believe they will not allow it to happen again. They're a lot of institutions accepting it and if it goes really fall as hard as the previous it would be bad to cryptocurrency holders. We still bullish trend now, rich people still catch up with the opportunity to invest in btc and other cryptocurrency. It's not possilbe that it will fall but it will not the same as it is. Long-term holders are not panicking if this will happen, only the weak hands and short-term holders will sell their BTC.

It is not about not rich people not allowing that or not, it is about what they believe bitcoin will do. If they think bitcoin will fall then they will end up selling it as well, why would rich people not sell their coins if they think bitcoin will fall? Which means they do not think that it will fall which is why they are not selling it.

We are at a stage where bitcoin is not at that level just yet, so they are not selling, if we have a crash that is major, they will get out as well. Places like microstrategy has a very very low dollar cost average which means they can wait for it to go under 30k very easily, but if they see it at 10k do you really think they will keep holding? All we have to hope for right now is that bitcoin doesn't fall like that, and even though there was a big drop I can see it standing strong now at 50k levels.

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I think you have a logic behind your 2018 scenario fear, but wait!
Price rose too fast? What? In 2017, btc was only $3500 and it rose till $20k which is about 6 times while it did the same this year as the price went from $10k to $65k. What was fast here? The correction will not be as quick as it was in 2018 and 2019, because now Institutional investors are plunging into the markets.

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Quote from: Stalker22 on April 25, 2021, 01:59:44 PM

In terms of the overall market, I believe we are still bullish and the uptrend is still in place. If we look at previous price action, we see that there is usually a one month consolidation before a breakout to new highs. We can still go lower (to $ 45 k - $ 46 k), but I expect a full recovery after that.

Another correction before full recovery seems reasonable because in the past bitcoin has traded like that only. We could expect bitcoin to consolidate from this point but another round of correction also possible at any time because whales may manipulate easily right now so that they will get into bitcoin for more cheaper prices.

Whales are always known for manipulating bitcoin market and when market is already into correction phase then their manipulation will be higher degree in order to make most of this current situation of bitcoin markets. So, getting ready to face anything could be good idea.

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Quote from: SirLancelot on April 25, 2021, 01:30:38 PM

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

i know that some news affect the market, but should we sell now in this panic ! or should we hold Undecided

Definitely you should continue your holding because this is just FUD triggered correction and market certainly will bounce back from this collection. You may book profits right now but you may regret later on for your decision. If you really look for maximizing the chances on making good profits from bitcoin and avoiding later regrets then you should continue holding.

We are just in the mid of current bull market and as per yous expectation of the scenario of 2018 may happen but that will happen only in 2022 but we are still in 2021 and there are plenty of months are left in this year; it means there are plenty of bull market is yet to come.

I think people are too hyped up with high valuations and short-term thinking here, it's not time to short bitcoin yet.

In terms of the overall market, I believe we are still bullish and the uptrend is still in place. If we look at previous price action, we see that there is usually a one month consolidation before a breakout to new highs. We can still go lower (to $ 45 k - $ 46 k), but I expect a full recovery after that.

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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

There is a possibility but we don't know when because the market is so unpredictable these days. In 2018, the reason why the markets go bloodbath is because of so many bad news and regulation issues whatsoever, and the institutions and major companies aren't sold yet on Bitcoin and the crypto market. That time, the market hasn't matured yet. But right now, I certainly believe that the market has already matured due to the continuous adoption of major institutions, companies and even the governments like Miami and so on are already embracing crypto. Just saying.

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Quote from: aysg76 on April 25, 2021, 01:05:29 PM

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

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

So do you think panic selling is the best option than holding at this time?This shows that you are new trader in the market who is emotionally attached to his funds and do not want to risk his funds.The prices have fallen more than $1000 in the past few days after Coinbase listing and reaching its ATH of $63k mark.The 2017 crash was worse situation which have less chances of occurrence this time but we always need to be patient if we are long term holder but if you are day trader or normal trader then you closely need to monitor the market and sell at peak and invest when the market is coming down which is best strategy for successful trading.Instead of panic sell try to invest at this time which will give you profits in the long run whereas panic sell will give you loss and feel of regret and guilt in the end when prices will start to recover.

If you do still have spare funds best to accumulate more instead of fearing and trying to decide quickly, it will only lead you to lose your investment.

Past events are the basis where investors are reading the potentials of this market, if you worry yourself much then your investment is in danger.

Keep doing more deeper research and understand all those possible scenarios before taking your position.

Only you who can safe your butt out from endangering your money. Invest wisely and never to bring amount of money that you can't afford to let go.

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

i know that some news affect the market, but should we sell now in this panic ! or should we hold Undecided

Definitely you should continue your holding because this is just FUD triggered correction and market certainly will bounce back from this collection. You may book profits right now but you may regret later on for your decision. If you really look for maximizing the chances on making good profits from bitcoin and avoiding later regrets then you should continue holding.

We are just in the mid of current bull market and as per yous expectation of the scenario of 2018 may happen but that will happen only in 2022 but we are still in 2021 and there are plenty of months are left in this year; it means there are plenty of bull market is yet to come.

Topic: Will Bitcoin do the same scenario in 2018 ? - page 4. (Read 976 times)