Will Bitcoin do the same scenario in 2018 ? - page 5.

aysg76

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Quote from: DJANAS on April 24, 2021, 01:25:52 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.

SacriFries11

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Quote from: Alucard1 on April 25, 2021, 09:29:22 AM

I don't think that it will happen again, this year is far different from the year 2018, there are a lot of things that already happened and a lot of countries and companies are now investing in bitcoin and we can see how bitcoin builds a lot of trust of many people so I dont think that it will go down for about $10000. The trading volume for bitcoin is different as well compared to the year 2018. Don't panic about that because it won't happen, just keep holding your bitcoin, will be better to invest it for the long term.

I agree, 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.

Iceblast

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bitcoin correction can occur but I see bitcoin now higher than 2018 even though bitcoin is falling the price will still be high. bitcoin differentiator between 2018 and 2021 is now only the price.

michellee

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Quote from: DJANAS on April 24, 2021, 01:25:52 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

Weak hands will sell their bitcoin as fast as they can because they think bitcoin will end soon. But if you still believe in bitcoin, you will not impact your bitcoin unless you hold on tight the bitcoin until the price increases more. Instead of selling your bitcoin, you have a big chance to buy more bitcoin at a low price and do not care about the news because the news will confuse which people you can follow. You should calm down and do not panic about the news,

Mamun74

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I think, Not! Really It's not massive drop.Now bitcoin price average $50k . 2018? No way,This year so far difference from 2018.I think bitcoin price will rise.

Peanutswar

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I guess it's impossible right now as you can see what happen from the previous year of march and April we saw the bitcoin falls down because of the economic problem as you can see a year ago right now its already on its another all-time high if there's nothing happen that can affect the whole economy there's no chance that we lose the same way again. If this might happen again this is a good opportunity for those people who want to buy bitcoin again and hold for more than a year but still, anything that can happen always make conscious of those things on the market movement.

Alucard1

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I don't think that it will happen again, this year is far different from the year 2018, there are a lot of things that already happened and a lot of countries and companies are now investing in bitcoin and we can see how bitcoin builds a lot of trust of many people so I dont think that it will go down for about $10000. The trading volume for bitcoin is different as well compared to the year 2018. Don't panic about that because it won't happen, just keep holding your bitcoin, will be better to invest it for the long term.

Viscore

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Quote from: DJANAS on April 24, 2021, 01:25:52 PM

i am a little bit confused

No, you don't. What happens last 2018 is not the thing we have to expect this year, so don't need to think about sinking price and reaching back again to $4k? Some say's that it is not impossible, well, if that we supposed to think that the market turns back 3years ago, or 10 years ago, I'm not sure if there are people to think that Bitcoin has a better future.

Anyway, it is not a thing we have to argue or confused about, but the most important is to see that the market is still very proactive. Pump and dumps, it is a life cycle in crypto.

blckhawk

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Quote from: DJANAS on April 24, 2021, 01:25:52 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

I'd say that there's a possibility but I hope this would not cause you to panic because it would be not helpful at all, just think about what you wanna really do like if you think Bitcoin will continue to slide down then it is better to save up some money to buy at the bottom or if you think this is just temporarily dip then hold till it goes back up. From what I believe, we are still in a bull cycle that is why I am still holding it right now, I only think of this dip as a normal correction. The thing is just make up your mind and don't be confused, it is not like you are going to lose all the opportunity.

Twinkledoe

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Quote from: Julien_Olynpic on April 25, 2021, 12:53:03 AM

A fall is almost always possible, but for now, I don't expect Bitcoin to fall sharply. We may not even reach $ 20,000. Bitcoin's fall in 2018 failed to reach the peak of the previous bull run at $ 1,200. Most likely, this time too, we will not see bitcoin fall to $ 20,000. In addition, today's situation is very different from what it was in 2018. There is such a thing as a presidential cycle. Risky assets usually do not fall at the start of a presidential cycle. And Bitcoin usually doesn't drop much a year after the halving.

The adoption is different this time as there are big corporations or institutions that are already into this market. In the previous years, companies were hesitant to get involved with crypto. But in these current times, a lot of them wanted to take part in this crypto revolution as you will read news everyday, that a particular company is either buying crypto or integrating crypto in their payment system. This pandemic opened up a lot of opportunities to crypto, especially in the payment sector. With this development, I don't think we will experience a hard fall.

elda34b

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I think this is the first wipeout for the weak hands. A lot of sources that I read said that it is still similar to the 2017 run, where we had 3 major corrections before the last pump. I also think the scenario is still on-going. It does hurt, especially if you hold alts, but hopefully things will get better on the next quarter.

I personally plan on waiting for November before I exit some of my positions.

Tomiwa_akin

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i would say you should sell if you can watch the chart and monitor it, but if not you should leave it till it crashes to below 44k. the scenario is different from that of 2018. there is still a possibility of uptrend. currently we are in a correction phase which is normal.

GreatArkansas

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For me, for every bullrun we did, there are always differences.
For example, now, the trend of Bitcoin is increased always, the volume too, so for me, it is slowly changing.
The 2018 scenario for me after the bull run is too much volatility compare now. But the thing of bullrun -> bear run for me is I agree with it.
Trading volume now is significantly increased in huge numbers.

jostorres

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Quote from: DJANAS on April 24, 2021, 01:25:52 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 there to get confused; it is too early to expect bitcoin to behave how it was doing in 2018. Because, we are not done with what happened in 2017. When the scenarios of 2017 yet to happen, how you are expecting things of 2018 to happen?

Bitcoin is all set to test new ATH in coming months and the current downfall is just a correction which should be viewed like usual market ups and down and nothing to worry about that. More than 100% sure that bitcoin market will bounce back from this current price levels. You can expect bitcoin to have a new ATH by end of this year only after that you can expect about bearish trend.

Julien_Olynpic

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A fall is almost always possible, but for now, I don't expect Bitcoin to fall sharply. We may not even reach $ 20,000. Bitcoin's fall in 2018 failed to reach the peak of the previous bull run at $ 1,200. Most likely, this time too, we will not see bitcoin fall to $ 20,000. In addition, today's situation is very different from what it was in 2018. There is such a thing as a presidential cycle. Risky assets usually do not fall at the start of a presidential cycle. And Bitcoin usually doesn't drop much a year after the halving.

tippytoes

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Quote from: Questat on April 24, 2021, 07:35:44 PM

Quote from: janggernaut on April 24, 2021, 06:50:56 PM

In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

We find it more different as people are already knowledgeable and enough to conquer the doubts and replace them with positivity. And I think we are happy with these huge changes and looking forward to a short dump as possible and reject the 2018 event.

Anyway,
While observing the current momentum, we are not really at a hard drop scheme. It went slowly and slowly while some investors helping to sustain the market at high.

The market is still holding the 50k level. So for me, it is really not massive drop. But people are hard to please, now, that they experience the 60k level. They want more. I believe, it will not be the same as the adoption today is very different than in previous years. Many institutions/organizations/companies are involved in this market. And from my perspective, they are not here for quick gain. They have long-term plans in this market. Those that are including crypto in their payment system, do you think that is just for few months? I don't think so. That's a long term involvement to crypto.

Questat

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Quote from: janggernaut on April 24, 2021, 06:50:56 PM

In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

We find it more different as people are already knowledgeable and enough to conquer the doubts and replace them with positivity. And I think we are happy with these huge changes and looking forward to a short dump as possible and reject the 2018 event.

Anyway,
While observing the current momentum, we are not really at a hard drop scheme. It went slowly and slowly while some investors helping to sustain the market at high.

janggernaut

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In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

mirakal

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It could be the same scenario in 2018, or not, but if we will see a 2018 scenario, then I would be happy to accumulat as I know what to expect after I accumulate. As long as crypto will stay, accumulating should be the right thing to as to benefit on its price volatility.

so we are at $50k now, what's next? As the pressure for dump is high, it could dip at a very low price, even at a price that we didn't imagine it could happen.

shield132

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When there is a significant rise, there comes the significant dip. It's always better to sell when price is high and use the advantage of dip. Crypto is a long term investment where you need a patience.

When fantasy meets reality, anything is possible. So, in crypto world, absolutely anything is possible but I still believe that the past will repeat and we will see higher price than 65K USD. There will be one significant bull run and then maybe the lowest btc price we may see will be 13-15K USD. 20K USD will be a new normal/average for bitcoin.

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