will bitcoin ever go down like 2018-2020 - page 5.

bocyaj

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Quote from: arwin100 on August 19, 2021, 04:40:10 PM

Quote from: asrinur on August 19, 2021, 04:08:07 PM

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Situations are different as mass adoption slowly growing year by year so we cannot expect the dip the same as 2018 since the complexity before is not the same right now. We already witness it this bear season recently and we exit so early so we can really look forward that more pumps will come in next following days, It's good to save some now since I think in next halving we might see bitcoin touch at 6 digit in figures.

Bitcoin was keep rocking now. The price was pump to now and many coin price was raised with that.Many traders are in good mood now. Because they will get minimum of 10 dollars profit with the minimum investment of 100$.This made huge surprise to the investor in the month end.

boyptc

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Quote from: asrinur on August 19, 2021, 04:08:07 PM

I don't think Bitcoin Price will drop like 2018 anytime soon.

Even it is very volatile, that's unlikely but we will never know.

Quote from: asrinur on August 19, 2021, 04:08:07 PM

There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Don't look at it at the daily moves.

It's in better perspective and view if you look at the yearly gains and lows.

Yaunfitda

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Quote from: asrinur on August 19, 2021, 04:08:07 PM

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

2018 bitcoin crash was obviously a panic selling waiting to happen, we have reach the bubble that time late December 2017, we are in the overbought zone and yet there are a lot of uneducated buyers that time who thinks that bitcoin will continue to go up.

2020-2021 is different though, we have companies having bitcoin in their balance sheet, and then there are institution who have invested on billions in bitcoin. And then we've been tested by the covid-19 scare but we survived it.

arwin100

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Quote from: asrinur on August 19, 2021, 04:08:07 PM

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Situations are different as mass adoption slowly growing year by year so we cannot expect the dip the same as 2018 since the complexity before is not the same right now. We already witness it this bear season recently and we exit so early so we can really look forward that more pumps will come in next following days, It's good to save some now since I think in next halving we might see bitcoin touch at 6 digit in figures.

asrinur

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I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Kyraishi

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Contrary to some of the bitcoin permabulls, I think that it is expected and totally healthy for a pullback to occur pretty soon.

As central banks start raising rates and people's risk appetites die down coming out of the pandemic, I think that it will inevitable that a portion of the retail interest will decline.

One thing is for sure though, I don't think that we would see anything as close to the 2018-2020 bear market, because there are now billions of dollars in institutional funds ready to buy up cheap coins as they come.

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Quote from: flip4flop on August 17, 2021, 10:34:04 AM

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

For this reason, it is necessary to accelerate sales on the stock exchange, to see how far bitcoin can withstand the attacks of many people, in the past bitcoin actually experienced this often, even worse than now, so the chances are small in my opinion.

But anything in the crypto world can happen, without planning or doing it on purpose, especially when it comes to influential people, then this is something the developers are very concerned about, it's very likely to happen, but I don't think so anytime soon.

CaVO32

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Quote from: flip4flop on August 17, 2021, 10:34:04 AM

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

I want to follow what will happen in the next few weeks and how the situation you laid out here will affect the market. Or the bitcoin market will oppose what should be happening? We know that btc market is full of surprises, it can pull a different turn when nobody expects it to be. Remember, couple of weeks ago, people are speculating that btc will go down even to 20k level. And look at where we are right now, trying to reach 50k again.

Oceat

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Quote from: flip4flop on August 17, 2021, 10:34:04 AM

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

Well, we can't say no since Bitcoin price has been unexpectedly unpredictable no matter what we do and the possibility that Bitcoin goes down like that might repeat again but the price difference is huge. I mean, if we have a bottom of $3,000 on 2018 maybe next year or in the coming years we will have a bottom but it might not be $3,000 again, it might be in $10,000 range or something like that.

We can't decide what will going to happen in the future but let's just hope it will bring it that because Bitcoin never fail us to see price the increasing every bull market.

flip4flop

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I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

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Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

This year and the year to come bitcoin will experience good times, compared to 2018-2020, this can be seen from the crypto market conditions, the level of stability today guarantees the value of bitcoin for the future, it is impossible for bitcoin to experience conditions 2018-2020.

Almost all the predictions made by people, both investors and ordinary people, none of them mention bitcoin is having a difficult time this year, in fact people believe that in the future bitcoin will experience good times and be much more stable, from year to year.

King Khaizan

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The price of Crypto Assets depends on the balance of supply and demand. This is the law of the market. When a Crypto Asset is popular and in high demand then its price will go up. Vice versa, if supply is high and demand is low, prices will fall.

News or media coverage can affect the price of Crypto Assets. An example would be if there is news of a hacker attack on a crypto server, or good news regarding the adoption and infrastructure behind crypto technology.

so this is the reason for bitcoin price fluctuations, it may go up or down depending on the issues that develop.

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Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

There is always a big chance that the bitcoin will still go down like what happen on 2018-2020, up and down is the normal in bitcoin or in any other coin in crypto market. There are times that Bitcoin made a big rise and fall down after a couple of months. That is why even if the market is bullish we still need to be careful or be more smart on every decision that we make to avoid loss.

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Quote from: Kasabus on August 13, 2021, 08:55:32 AM

If someone could answer this correctly, he/she was entitled as KING of Crypto. But for sure, nobody could do that. I'm very certain of that because nobody had ever controlled the market in the first place and since the market moves freely, this makes the prices remains are unpredictable. Some people will say the history repeats itself, I don't think so and it doesn't make me believe that statement anymore.

Anyway,
Either we go that high or at the bottom again, many people would still love to invest in Bitcoin. This is how it gives beauty to the crypto market.

This is not the thing that makes you rich, this is just a fact that bitcoin drops time to time. What makes you rich is knowing exactly when it happens, and knowing exactly when it stops, and knowing exactly when it goes back up. Nobody knows that, if we knew when it will go down, when it stops, and when it goes back up, then we could definitely do this a lot better and could be very very rich.

However to say that "yes bitcoin will fall one day" that is not really a problem, that doesn't give you any money, how could you ever make money from "yeah it will drop one day"? It is impossible and I believe that we should be focusing more on timing instead of actually knowing if it will drop or not. It is always obvious that we will have a drop, just like 2018 as well, even worse one day maybe? Or better, but there will be many drops, however I have no clue when that will happen.

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2017 the dollar index dropped the majority of the year and in reverse you have DXY rising over most of 2018, that was quite a stark contrast in FIAT strength which shows up in these nominal strength judgements for BTC. Could also look at FED policy, QE programs and rates at that time and also the election cycle for indications of FIAT vs crypto in determining the price and its variance between the peak of 2017 and the low afterwards.
Obviously people refer to the halvening event as well but none of these factors are in isolation, overall its best to be bullish as long as the population of users in Bitcoin is increasing its then likely we do have a background or base line price which is rising.
Its far harder to judge the BTC price accurately by the highest prices, theres so much froth and hype, where as the lowest point which also mark the lowest interest from the disinterested casually involved is probably more accurate over the long term. The froth price can certainly recede yes, dont bet everything on the highest prices sustaining.

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Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

2018 - 2020 was a crisis moment, at that time all crypto asset prices were very low and influential people have no interest in crypto. now it's different and we see that many influential people are interested in crypto, i'm very optimistic that 2018 - 2020 will not happen again.

Kasabus

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If someone could answer this correctly, he/she was entitled as KING of Crypto. But for sure, nobody could do that. I'm very certain of that because nobody had ever controlled the market in the first place and since the market moves freely, this makes the prices remains are unpredictable. Some people will say the history repeats itself, I don't think so and it doesn't make me believe that statement anymore.

Anyway,
Either we go that high or at the bottom again, many people would still love to invest in Bitcoin. This is how it gives beauty to the crypto market.

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Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

By looking at the trend of Bitcoin movement in recent times, I predict that the phenomenal drop in cryptocurrency prices in 2018-2020 will not be repeated this year, nor next year. I think at the future Bitcoin price will be better than 2018-2020.

I agree with you. after bitcoin hit ATH in 2017 there was a tremendous drop in price. but that's not happening right now, yesterday bitcoin hit ATH at $64k and after that it dropped quite a bit to $30k. it means bitcoin only lost 50% of ATH price. Currently the price of bitcoin is back up and maybe it is a sign that the bear market is over.

UmerIdrees

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Quote from: Ebede on August 08, 2021, 08:25:37 AM

Quote from: fekrigame on July 26, 2021, 05:04:27 AM

Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

In my opinion, digital currency always has a decline, but I think it will not decrease like in 2018

All digital currencies have method to increase and also decrease, the version of it' price in 2018 and 2020 will not be the same with the price of it in 2021 and 2022 weather the price go up or it comes down but everyone opinion is for it to be going up because the more it go up the more profit come's to investors.

Bitcoin cannot always move up. There will be long bear market also. but before that we have yet to experience the true bull market. Bitcoin may touch somewhere between 150,000 - 250,000$ before we will be heading towards the bear market. In bear market, bitcoin may come back to 40-50K.

There are people who are saying that bull market for this year is over which is not correct. We have not seen the true parabolic run as we saw in 2017.

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Quote from: fekrigame on July 26, 2021, 05:04:27 AM

Quote from: idk what to say on July 26, 2021, 04:55:26 AM

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

In my opinion, digital currency always has a decline, but I think it will not decrease like in 2018

All digital currencies have method to increase and also decrease, the version of it' price in 2018 and 2020 will not be the same with the price of it in 2021 and 2022 weather the price go up or it comes down but everyone opinion is for it to be going up because the more it go up the more profit come's to investors.

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