Will we see repeat of 2017 or new trend? - page 2.

milewilda

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Quote from: ShowOff on December 14, 2023, 02:20:19 PM

Quote from: Nrcewker on December 14, 2023, 07:19:51 AM

We have always witnessed that Bitcoins follow the history. We have seen that in order to achieve new ATH price Bitcoins have always followed a 4 year cycle. Last time it went for it’s ATH price in 2020, so yes 2024 might be big and this time also it seems like Bitcoins following the history. I am very much sure that Bitcoins will cross 70k usd in 2024. So without thinking so much, we should concentrate more on accumulating the coins.

Your optimism seems good about bitcoin, but you should look at the data more often before saying so. Bitcoin's previous ATH occurred on November 10, 2021 or more than 2 years before now, when bitcoin hit $69k as ATH. The 4-year cycle known as the halving is a good basis for expecting more demand. The average large investor takes advantage of these cycles which in turn makes the price of bitcoin increase over time, but bitcoin is never obliged to repeat history.

Anyone should remain realistic about something that hasn't happened yet, I mean don't get your hopes up. The price of bitcoin is very difficult to predict even though some people may be able to make an analysis that is close to accurate, but in the long run we have seen many wild predictions that were ultimately wrong. Always consider the risks and don't hope too much for something big to come true, even if it happens then consider it as a bonus for your patience.

Not really that bad on being optimistic but we should really be having that realistic approach when it comes to things on which it isnt bad to have that positivity but since we are dealing something into this market
then we should really that make ourselves that get prepared for whatever things that we are really that encountering because if we dont then pretty sure it would really be creating that kind of too much expectation or anticipating about things on which arent supposed to be that right or something that way it is really too much and on the time that things didnt happen or really go the other way round then it would really be bringing
up that kind of frustration on which it would really be giving out that such impact.

For repeating out into the events that happened before then there's no way that could really be able to tell if it would really be that happening again or not. Just like been said by
others that there might be some patterns on which it might indicate those kind of similarities but as we do all know that there would really be no guarantees that it would
really be giving out that kind of assurance for things to happen.

ShowOff

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Quote from: Nrcewker on December 14, 2023, 07:19:51 AM

We have always witnessed that Bitcoins follow the history. We have seen that in order to achieve new ATH price Bitcoins have always followed a 4 year cycle. Last time it went for it’s ATH price in 2020, so yes 2024 might be big and this time also it seems like Bitcoins following the history. I am very much sure that Bitcoins will cross 70k usd in 2024. So without thinking so much, we should concentrate more on accumulating the coins.

Your optimism seems good about bitcoin, but you should look at the data more often before saying so. Bitcoin's previous ATH occurred on November 10, 2021 or more than 2 years before now, when bitcoin hit $69k as ATH. The 4-year cycle known as the halving is a good basis for expecting more demand. The average large investor takes advantage of these cycles which in turn makes the price of bitcoin increase over time, but bitcoin is never obliged to repeat history.

Anyone should remain realistic about something that hasn't happened yet, I mean don't get your hopes up. The price of bitcoin is very difficult to predict even though some people may be able to make an analysis that is close to accurate, but in the long run we have seen many wild predictions that were ultimately wrong. Always consider the risks and don't hope too much for something big to come true, even if it happens then consider it as a bonus for your patience.

philipma1957

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Quote from: kentrolla on December 09, 2023, 01:11:50 PM

I hope people remember what happened in December 2017 as last quarter of 2017 we witnessed bull run and during second half of December we saw price of Bitcoin dropping down and eventually triggered bearish market for next 3 years approximately and we are going through similar stuff but this is not a full fledged bull run but still we have seen crazy pumps for some Altcoin and even Bitcoin has increased. Are we going to witness price correction or bear market now ? Or else this time it's gonna be different and Bitcoin will reach new ATH and we won't see any bearish pattern in December ?

we are not in a 2017 bull run pattern.

we are in a 2015 pre ½ ing runup.

see my thread on this.

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Quote from: Davian144 on December 14, 2023, 09:09:43 AM

This is like a metaphor for people who miss their train because they are waiting for a cheaper train. In fact, if everyone wanted to buy Bitcoin with minimal capital through several stages, of course there would be no feeling of regret or disappointment because they didn't buy beforehand. Because everyone doesn't know when Bitcoin will experience a decline and when Bitcoin will experience an increase in price, so everyone will only take advantage of the moment from time to time when they want to buy Bitcoin, although there are also those who buy it just to save it as an investment.

That's why monthly investments are the best way to go with bitcoin and has always been like that. I never cared about what the price of bitcoin was at the moment I buy it, I have always bought bitcoin as soon as I got my salary first of every month, some months I do not have enough money to do that, but whenever I do, the moment I get my salary, it goes to bitcoin.

Not all of it of course, just a small portion for investment purposes. I did this back when it was under 3k, I did this above 60k, I have done it anything in between as well. This isn't exactly DCA, because DCA means buying cheaper than your initial investment, I just buy, buy whatever the price is, and I aim to do this for 20 years and then retire with it.

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I am with you on this. The scenario today is different from 2017 in a lot of aspects.
The adoption alone has been increased, more users and stakeholders are already in this market.
And of course, the population who are getting familiar in this market as well is steadily increasing.
It means, the possible demand is in the positive direction. Consider that the supply of btc is fixed.
Then, theoretically, the price will increase. So that's a good indication that we will see an increase in btc price.

Yes, you are right, the number of people interested in crypto is really growing every day. There is essentially not much time left before Bitcoin halving and I would like new investors to give preference to it and not just new altcoins. Bitcoin will become more scarce and this will definitely affect the price, which will holders will win without a doubt.

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Quote from: God bless u on December 13, 2023, 12:57:06 PM

We don't have any information about correction that when it will happens and how much price will decrease but there will surely be stage where we will must see dip before halving but if we are waiting for it then we will miss the better moment of buying. Everyone is saying that price will becoming lower due to the reason of correction so they will buy bitcoin that time but who knows that whether it will be happen or not so don't waste time through waiting for accurate timings but buy bitcoin until accurate time to get advantage out of it.

Corrections and price increases are two things that are very certain to happen in the market as I see now where Bitcoin is starting to experience a slight correction, even though previously no one predicted a small correction today. But this happened very clearly even though it was a very short period of time and any correction would certainly be better to take advantage of, especially for those who want to buy more. Although implementing defensive buying that is tailored to each person's abilities is quite a good thing for everyone to do.

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Bitcoin's price is at 41k$ from two or three days and according to estimation in few days it will grow more to cross the value of 45k$. If someone did not purchase bitcoin and are in hope that price will lower more so they will feel apologetic about their ignorance.

This is like a metaphor for people who miss their train because they are waiting for a cheaper train. In fact, if everyone wanted to buy Bitcoin with minimal capital through several stages, of course there would be no feeling of regret or disappointment because they didn't buy beforehand. Because everyone doesn't know when Bitcoin will experience a decline and when Bitcoin will experience an increase in price, so everyone will only take advantage of the moment from time to time when they want to buy Bitcoin, although there are also those who buy it just to save it as an investment.

Nrcewker

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We have always witnessed that Bitcoins follow the history. We have seen that in order to achieve new ATH price Bitcoins have always followed a 4 year cycle. Last time it went for it’s ATH price in 2020, so yes 2024 might be big and this time also it seems like Bitcoins following the history. I am very much sure that Bitcoins will cross 70k usd in 2024. So without thinking so much, we should concentrate more on accumulating the coins.

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Quote from: bounceback on December 14, 2023, 02:36:17 AM

Bitcoin have difference condition from 2017 with situation right not, have many bigger companies around the world adopted bitcoin as legal payment currency and right now have El Savador allowed bitcoin as payment tender. I think last several season Bitcoin not huge progress and still use as commodity assets not adopting for payment currency and right now Bitcoin have good movement not only with price but advantage of bitcoin adopted and use for daily day. Pattern of bitcoin price have any similar with 2017 but I don't sure how bitcoin success becoming top large digital currency and adopted by many companies as bigger revolution of bitcoin.

But one one side with bitcoin against still the same where in 2017 many bad news publishing by community dislike with bitcoin and still the same until right now they keep trying make FUD with bitcoin.

I don't want to spread Fuds or pessimism but so far, I haven't seen many countries accepting bitcoin as currency except El Salvador. And El Salvador has not yet fully made bitcoin its sole currency, they still use USD as their main currency. Furthermore, I am not very optimistic about bitcoin becoming a currency in the future. Even the approval of ETFs that we expect is turning bitcoin into a gold-like asset rather than a currency. It's true that there are still some companies and stores that are trying to accept it as a payment method, but on a national level, that hasn't happened yet.

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Bitcoin have difference condition from 2017 with situation right not, have many bigger companies around the world adopted bitcoin as legal payment currency and right now have El Savador allowed bitcoin as payment tender. I think last several season Bitcoin not huge progress and still use as commodity assets not adopting for payment currency and right now Bitcoin have good movement not only with price but advantage of bitcoin adopted and use for daily day. Pattern of bitcoin price have any similar with 2017 but I don't sure how bitcoin success becoming top large digital currency and adopted by many companies as bigger revolution of bitcoin.

But one one side with bitcoin against still the same where in 2017 many bad news publishing by community dislike with bitcoin and still the same until right now they keep trying make FUD with bitcoin.

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Quote from: justdimin on December 13, 2023, 08:49:30 AM

Quote from: cakravothy on December 11, 2023, 09:39:06 AM

experience every four year bitcoin and altcoin price always bull
because every four year bitcoin halvng and revenue from mining reduce so bitcoin price can incrase, about suply and demand
but i thnk still need pumper to can incraese price

Even not exactly four years. And then there is also a case that during the fourth year, the price didn't rise. What you said about the halving is true, but we can't prevent the people from selling when they feel like they should.

And this can still result for the price to decline. There are also people who won't buy for some reasons, which can make the price to become stable. The price is doing fine this year but all are expecting for more. We only need some patience for this because the year is already ending and there is another halving that will take place. That is one of its pumpers, other than us (normal individuals), the institutions and the whales.

We can't prevent them, but it's clear that we are not going to end up with too much neither, not that many would want to sell when the prices are soaring, they could, they are allowed, they are not in trouble, but they won't. That's what the situation is all about, that's what the bull run is, they just need to keep on focusing what they are capable of doing the best and that means when the price is going up, they are not going to end up selling, which creates the bull run.

In every bull run we ever had so far, we never had any issue with this, we always had the situation going as far as possible thanks to all those people who didn't sell and all those people who ended up buying as well, it allowed everyone to get better.

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I do not think it is the same to what happened in 2017 because what happened in 2017 was something very far from what can happen currently, I think that when we are waiting for a simlar coup to 2017 we can take a great blow, it is not Correct that we think that the things can become a fact that will occur the same of those times, in 2017 there were no things that are now, such as wars, land disputes, things that are degradable, pandemics, diseases and what is coming, and This is what we can see that it is not the same as in 2017, in 2017 s there was a great rise in the price of Bitcoin, but did not get to the $ 70K that passed the last ATH and everyone said that They were going to $ 50k.

The patterns can repeat themselves, because that is what we can call possible, but I do not believe that things are given as at that time, I speak of the time because we were living less tragic things like now.

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Quote from: Minor Miner on December 12, 2023, 04:39:25 AM

Quote from: kentrolla on December 12, 2023, 03:56:57 AM

Quote from: Fundamentals Of on December 11, 2023, 08:57:28 PM

2017 was different. It was a bullish year because it was the year that immediately followed the halving year. The full effect of the halving which happened in July 2016 was fully priced in in 2017.

This year 2023 is different because we are not anticipating the effect of any halving. We are approaching the halving. So I don't think that what happened in December of 2017 would be repeated in this December. The circumstances are different.

But I also don't think there will be a strong correction. The Bitcoin spot ETF is a big factor. Also there are others who are not yet done accumulating in preparation for the halving next year.

Basically your point of view on this suggests that the growth we have seen in last one month or so is organic apart from the push we got due to Bitcoin spot ETF since we didn't have halving before this pump unlike 2017 and yes I am aligned that there won't be much of a correction. But rather we are going through accumulation phase and people should have already accumulated Bitcoin if they haven't they are already left behind (not trying to create FOMO but the fact).

I still believe we will have other corrections before and after the halving but none will be so large that bitcoin falls below $30k again. But I agree with you that those who haven't bought bitcoin yet because they thought the price would drop further to buy, they have really been left behind. If they don't change their plans and continue with that attitude, they will regret it later when the price of bitcoin rises higher and higher. For me, the bear season is over and we are in pre-bull season.

I also believe that the last Bitcoin dip is the last below 30k that we will truly see in a long time to come and for sure after the Bitcoin halving, we will be having some minor price correction or drop but not to be that significant to get much attention since all focus is already on the expected bitcoin bull market that is most anticipated.

But to say that Bitcoin will follow the same cycle or in the year 2017 will be totally out of point to say it think so since Bitcoin have a hard history of not repeating the same pattern at every halving cycle or year, unlike Bitcoin before the halving back then, it was clear and stable at that point to say that bitcoin price then was much more down compared to what price the coin is today, so for sure bitcoin won't follow that pattern as it did in 2017.

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If IIRC, the cycle goes on and the same pattern will happen. That means that by December 2025 is the one that we're waiting for the highest reach and peak of the bull run. Our basis is the past bull run that came from 2017 and then will be followed by the bearish run, right? And that might get activated on 2026 and so on. These are all speculations and it's still best to just keep on track with the market so you do you what actions must be taken whether you're all in profit or more accumulation.

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Quote from: goaldigger on December 13, 2023, 04:51:51 PM

Quote from: nimogsm on December 13, 2023, 07:42:11 AM

It was a golden time then.I think the same trend as in 2017 will not happen again, then cryptocurrency and mining was very discussed and hyped even among people who were very far from crypto. They wrote about it in newspapers, talked about it in the media and on TV, which caused a huge effect on the market and an influx of big money.Now I don’t see this, so I think that the 2017 scenario is hardly possible now.

This will be a different cycle, and yes we might not see the 2017 scenario again because we are aiming for the better this time. We will not see any hype because Bitcoin already hit the mainstream and doesn’t need any hype anymore because big companies are coming in and that’s what we need.

Bullish market can still happen and yes, new ATH will happen soon so let’s be more optimistic and don’t ever think that Bitcoin will not grow anymore because its not true, and you might lose opportunities if you remain negative about the market.

I am with you on this. The scenario today is different from 2017 in a lot of aspects.
The adoption alone has been increased, more users and stakeholders are already in this market.
And of course, the population who are getting familiar in this market as well is steadily increasing.
It means, the possible demand is in the positive direction. Consider that the supply of btc is fixed.
Then, theoretically, the price will increase. So that's a good indication that we will see an increase in btc price.

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Quote from: nimogsm on December 13, 2023, 07:42:11 AM

It was a golden time then.I think the same trend as in 2017 will not happen again, then cryptocurrency and mining was very discussed and hyped even among people who were very far from crypto. They wrote about it in newspapers, talked about it in the media and on TV, which caused a huge effect on the market and an influx of big money.Now I don’t see this, so I think that the 2017 scenario is hardly possible now.

This will be a different cycle, and yes we might not see the 2017 scenario again because we are aiming for the better this time. We will not see any hype because Bitcoin already hit the mainstream and doesn’t need any hype anymore because big companies are coming in and that’s what we need.

Bullish market can still happen and yes, new ATH will happen soon so let’s be more optimistic and don’t ever think that Bitcoin will not grow anymore because its not true, and you might lose opportunities if you remain negative about the market.

God bless u

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Quote from: Minor Miner on December 12, 2023, 04:39:25 AM

I still believe we will have other corrections before and after the halving but none will be so large that bitcoin falls below $30k again. But I agree with you that those who haven't bought bitcoin yet because they thought the price would drop further to buy, they have really been left behind. If they don't change their plans and continue with that attitude, they will regret it later when the price of bitcoin is rising higher and higher. For me, bear season is over and we are in pre-bull season.

We don't have any information about correction that when it will happens and how much price will decrease but there will surely be stage where we will must see dip before halving but if we are waiting for it then we will miss the better moment of buying. Everyone is saying that price will becoming lower due to the reason of correction so they will buy bitcoin that time but who knows that whether it will be happen or not so don't waste time through waiting for accurate timings but buy bitcoin until accurate time to get advantage out of it.

Bitcoin's price is at 41k$ from two or three days and according to estimation in few days it will grow more to cross the value of 45k$. If someone did not purchase bitcoin and are in hope that price will lower more so they will feel apologetic about their ignorance.

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Quote from: justdimin on December 13, 2023, 08:49:30 AM

Quote from: cakravothy on December 11, 2023, 09:39:06 AM

experience every four year bitcoin and altcoin price always bull
because every four year bitcoin halvng and revenue from mining reduce so bitcoin price can incrase, about suply and demand
but i thnk still need pumper to can incraese price

Even not exactly four years. And then there is also a case that during the fourth year, the price didn't rise. What you said about the halving is true, but we can't prevent the people from selling when they feel like they should.

And this can still result for the price to decline. There are also people who won't buy for some reasons, which can make the price to become stable. The price is doing fine this year but all are expecting for more. We only need some patience for this because the year is already ending and there is another halving that will take place. That is one of its pumpers, other than us (normal individuals), the institutions and the whales.

There's no way that we could really be able to tell on where it would be heading because market is always been that unpredictable. Somewhat if the price cant be assured to happen again but it do usually rhymes and this is where most people do really rely on. This is why it would really be just that normal that people would really be having impressions that they would really be that happening again basing up on some possible
patterns that they've seen basing up into its history on which it cant really be that denied that majority of people would really be anticipating or expecting on the same thing.

Just like been said that recognition and adoption rate is really that totally different 6-8 years ago on which there's no way that we couldnt really be able to tell or say
that we might be seeing something different into this current years specially when halving event is really that fast approaching.
Somewhat we are really that expecting something positive most of the time but of course everything would really be just that depending.

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Quote from: cakravothy on December 11, 2023, 09:39:06 AM

experience every four year bitcoin and altcoin price always bull
because every four year bitcoin halvng and revenue from mining reduce so bitcoin price can incrase, about suply and demand
but i thnk still need pumper to can incraese price

Even not exactly four years. And then there is also a case that during the fourth year, the price didn't rise. What you said about the halving is true, but we can't prevent the people from selling when they feel like they should.

And this can still result for the price to decline. There are also people who won't buy for some reasons, which can make the price to become stable. The price is doing fine this year but all are expecting for more. We only need some patience for this because the year is already ending and there is another halving that will take place. That is one of its pumpers, other than us (normal individuals), the institutions and the whales.

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It was a golden time then.I think the same trend as in 2017 will not happen again, then cryptocurrency and mining was very discussed and hyped even among people who were very far from crypto. They wrote about it in newspapers, talked about it in the media and on TV, which caused a huge effect on the market and an influx of big money.Now I don’t see this, so I think that the 2017 scenario is hardly possible now.

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Quote from: CageMabok on December 13, 2023, 05:01:12 AM

Quote from: pinggoki on December 13, 2023, 12:18:40 AM

This could be the factor that might make it ever so different than last time but then there's more institutional investors in the market and more corporations that are willing to put in huge amounts of money to invest in bitcoin so in a way, there's nothing that has changed but there's always a first time for everything with bitcoin, maybe it will be a different pattern than the last time but I know that there's more to this than many of us expects.

I also think that the end of this year will be very different from the conditions of the previous bullish year so that differences in Bitcoin price measurements at the end of this year will very likely be different. Now there are many large companies and institutional investors who are starting to think about owning Bitcoin because they are also quite aware of the very bullish market conditions next year so they are starting to compete to buy it at the end of this year.

The situation is different and of course what is happening now is also different so I think there will be differences for what happens in the future even though it won't be significant.
And we have experienced it this year with many positive market trends, which is a difference from what happened in previous years.
If we talk about a repeat of 2017, this is when we see a new ATH that occurs again 4 years later, namely in 2021, and I am sure this will happen again in the 4 years after that, and we have seen many signs of it.

Topic: Will we see repeat of 2017 or new trend? - page 2. (Read 569 times)