Topic: Will it happen again? - page 7. (Read 729 times)
If what happen this past two years is a movie then why can we just replay it again? We are the second factor that it may cause happen, just imagine if we could double the number of people who will join us this year, isn't it the possibility of the last peak Bitcoin price can be achieve again?
If you truly look at the charts, it show that bitcoin drop always at the start of each year. But it gradually recover over the following months. The recent news about crypto give some people some chance to look into it and invest in crypto so better watch out for the price recover in the following months.
yes, maybe bitcoin can be rise in last of the year.
if you look at the price development chart of the last two years, the beginning of the year always starts with a weakening price as if bitcoin will be destroyed, what I question is whether the pattern will return and continue to recur in the current year and the next few years?
Nope. It has got nothing to do with the last years patterns and they might just reflect them but they might not be with the same intentions. I mean the price does rely on many factors which are going on always and they are different all the time. Where last year at the same point of year Japan declared the good news of accepting the crypto currency as legal tender and today we have no news like that. I do believe that Japan tried to create one by G20 summit but the effect doesn't seem to be strong enough to move market upwards.
However, the time is not far when we will see the prices resetting to the ATH and what we have to is stay strong and keep investing, thats all I would say really.
I don't know that I buy into the annual cycle narrative. There are some strong data points but not a sure thing.
I guess it has a high possibility because people tend to have develop a habit or idea that little by little becomes the norm. Just like the thought that you think it will happen again. Hopefully it does so people can regain confidence in the market once again.
If you truly look at the charts, it show that bitcoin drop always at the start of each year. But it gradually recover over the following months. The recent news about crypto give some people some chance to look into it and invest in crypto so better watch out for the price recover in the following months.
if you look at the price development chart of the last two years, the beginning of the year always starts with a weakening price as if bitcoin will be destroyed, what I question is whether the pattern will return and continue to recur in the current year and the next few years?
It might however not the same way as how it happened for the recent years. This year could be better or not for crypto. We can just safely say that crypto is becoming main stream and more and more investors and traders are getting into crypto which is good for the market.
the pattern will be repeated but it doesn't have to be as visible and obvious as previous times.
for example last year we were in the middle of a big bull run and also there were a lot of good news and media coverage that worked as advertisement for bitcoin. this year we still don't have either of them.
we can see the drop stop or some small rises during summer if the bear market were to continue that long and that will be the repetition of the same pattern as previous years.
for example last year we were in the middle of a big bull run and also there were a lot of good news and media coverage that worked as advertisement for bitcoin. this year we still don't have either of them.
we can see the drop stop or some small rises during summer if the bear market were to continue that long and that will be the repetition of the same pattern as previous years.
if you look at the price development chart of the last two years, the beginning of the year always starts with a weakening price as if bitcoin will be destroyed, what I question is whether the pattern will return and continue to recur in the current year and the next few years?
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