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. 
Topic: Will we see repeat of 2017 or new trend? - page 3. (Read 584 times)
Will we see repeat of 2017 or new trend?
It wasn't a trend, it was just a long bearish period.
And yeah we might be seeing another prolonged bearish market in the next couple of years, but I'm quite positive 2024 is most likely a bullish year. post halving in 20202 wasn't as bad as 2017 though, which I think a prolonged bearish run might not gonna happen in the next 10 years considering bitcoin adaption today is becoming more better than before. Bitcoin price might just play sideways after the 2024 halving and not totally a downward spiral.
Every time the bull season comes, we expect a more positive response on the market price bringing it high. We're supposed to believe because that was already happen last bull run. Now, we are expecting another double of the previous ATH, quite achieving though but yes, we still don't have any assurance for this. For me, the next bull season 2024-2025 was not far from the previous years, we still expect such an uprising trend.
There are some reasons why I doubt the 2017 trend will be different; Bitcoin was much cheaper at that time than it is now -- $900-$20,000 -- so it was easy for the coin to have an enormous pump all at once. When the last bull run started, it took a long time to pump and many corrections before it reached its peak. A difference from 2017 is that this started before the halving took place. I feel the trend this time is likely going to be like the 2021 with similar regular correction while it climb and no one will be able to know when we get to the peak for weeks untill the dip hard
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. Will we see repeat of 2017 or new trend?
It wasn't a trend, it was just a long bearish period.
And yeah we might be seeing another prolonged bearish market in the next couple of years, but I'm quite positive 2024 is most likely a bullish year. post halving in 20202 wasn't as bad as 2017 though, which I think a prolonged bearish run might not gonna happen in the next 10 years considering bitcoin adaption today is becoming more better than before. Bitcoin price might just play sideways after the 2024 halving and not totally a downward spiral.
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.
there has been some chart graph going around reflecting that we exactly on the same path like in the previous bullrun and we are around the halving bullrun which will steadily increase, not sudden but steady and yes if that chart turning out to be true then we can easily expect not to see the price of bitcoin falling down below $30k again because im seeing from the previous trend in every bullrun we always have higher bottom than the previous bullrun.the fall down in previous bearish was indeed so massive that we lost quite literally 90% of valuation for most of coin, good thing bitcoin isn't that bad and can contain some of the drops but indeed we've fallen from all time high too far and this time around if we could breakthrough the all time high again and even scoring an even higher place then i'm expecting the future market to be having significant increase in market capitalization.
the correction in this regard can be easily ignored if we are just keep increasing more and more in term of all time high linearly from the graph since correction is pretty normal to have.
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.
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).
We are going through accumulation phase. That's generally the scenario we have right now. That's precisely the reason why the price has already more than doubled, almost tripled even, just within a year. But we shouldn't forget that with this high growth in price in just a year, there should be investors who prefer to take profit. I know of some who indeed enjoyed their profits. Their money has already doubled in less than a year. That's not afforded to them by other investment opportunities. So these small corrections right now are normal within an accumulation period.
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We are still waiting for what to come but Yeah i think this is far different from 2017because we are not in halving , there are no even big companies that entering bitcoin now ,and also the
ETF is still on the table so maybe this will never be a copycat of 2017.
No big companies that are entering Bitcoin now? There already are, and more are waiting for the green light which is probably what an approved Bitcoin spot ETF is to them.
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 ?
Who can ever forget that time? 2017 when the price almost hits 20k but sadly the transaction fees those days are truly High that i did not manage to enjoy my profit and sadly did not also manage
to buy again in 2018 when the price dumped badly.
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.
We are still waiting for what to come but Yeah i think this is far different from 2017This 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.
because we are not in halving , there are no even big companies that entering bitcoin now ,and also the
ETF is still on the table so maybe this will never be a copycat of 2017.
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.
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 is rising higher and higher. For me, bear season is over and we are in pre-bull season.
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.
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).
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.
that is what we all believe that Halving is what the reason why Bull market is happening and All Time High is being set , so this year seems to be not what we are looking here.
Quote
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.
maybe next year if time permitted ? and next year if the halving succeeded bringing as Bull market once again?Quote
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.
I am still preparing , though there are already good amount to be hold for that term yet looking for another low opportunity purchasing more from Bitcoin to altcoins.
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 ?
2017 is truly a crypto Era where people around the world starts entering the market , we can assess this to also the creation of accounts and wallets ,thought is not a concrete file to prove that year is the Era but for me 2017 is the best ever year for crypto specially Bitcoin.And also I assume that what we have in 2017 is the effect of Bitcoin halving while in 2023? we are half year away to halving and also year far from making another ATH, what I do believe is 2024 will if there maybe a history repeating , that is the perfect year.
That year was a big surprise to the people and the world, especially those who ignored crypto and thought that was a scam.
I am guilty of this , to not believing bitcoin and crypto in 2015 instead needed to wait till 2017 to finally realized what I missed through those years.
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.
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.
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
Most crypto enthusiasts anticipate that there's a bull run right after halving and it usually occurs after 6 months when halving is successfully done.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
So I expect that it will repeat and could be this year-end would be the start to skyrocketing the price.
However, nobody knows what will happen in the future, so let it be and hold it for the long term if you want a good profit.
Never sell in a lost position.
That year was a big surprise to the people and the world, especially those who ignored crypto and thought that was a scam. That was the year that brought attention to the community making these rich people and businessmen talk about its brighter future. Even shitcoins had pump xxx times that every holder got money more than what they thought. But I'd never expect this thing to happen again aside from coins that have a use case. For now, the best and least secure investment is to buy old coins which we can expect to skyrocket once bull season comes.
that was a bull run where the majority shitcoins turned gold. there were unknown coins where the price hit $0.13 and if you have 5 million of them and you hold hoping to go more than $0.13 in the net bull run, you surely haave regrets by now. a good amount of unrealized profit lost.
things turned bad after china banning, google and facebook bans advertising and crashed the market to $3800/BTC, a good opportunity for those who have converted their profit to stablecoin.
if this happens again, make sure you won't waste the opportunity.
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 ?
Each year in cryptosphere have it's own way of increment, so you can not use the previous year experience of bearish season and bullrun season to compare to each other, so therefore if what happened last year 2017 is what you think that may happen this year I think is a misconceptions and misunderstanding of the method of bitcoin technology or bitcoin increment and decrement in the market..I know quite that may people is afraid of bitcoin due to 2017 experience and I have across of people encouraging other people to sell off their bitcoin thinking bitcoin may fall at any point in time, so we are supposed to checking or chart before we conclude of bitcoin price. 
In my opinion, what is happening now is the result of excessive optimism about the approval of the Bitcoin ETF, and people are eagerly awaiting this event and continue to buy Bitcoin, so we have seen this important rise during the past short period.
But this excessive optimism may also lead to adverse results in most cases, as happened today when Bitcoin fell by one candle, with a violent decline of -7% in just one hour.
The market is currently very volatile and the direction cannot be determined accurately, but it is possible that we will witness a decline before the expected rise after the expected Bitcoin halving in the middle of next year.
Seeing a price decline before a real bullish market appears is highly possible, that already happened in the previous bull run and history might repeat this time. The truth is, no one can accurately tell the future price of bitcoin, and we cant even tell as to when or how high it's new ATH will be. Or worst is we will still experience a massive price decline before we will hit it's new all time high.But this excessive optimism may also lead to adverse results in most cases, as happened today when Bitcoin fell by one candle, with a violent decline of -7% in just one hour.
The market is currently very volatile and the direction cannot be determined accurately, but it is possible that we will witness a decline before the expected rise after the expected Bitcoin halving in the middle of next year.
Speculations here and there, that's what we can all do this time. But if fate allows to repeat the history from 2017, a lot of people will definitely be rejoicing while leaving the others regretting.
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 ?
No one knows the truth about the price of Bitcoin and never will. There are only cycles and predictions are made accordingly. Other predictions exist only as predictions and are forgotten. I don't know if what happened in 2017 will happen again in the coming days, but we all hope for good things to happen.
Many of the people who invest in Bitcoin believe that the price will rise and invest for that reason. I think there is little time left for investors who have been waiting for a price increase for a long time to reach their goal. After all this time in the bear market, it would not be a surprise to see a new ATH. I think we should not rush and wait for price increases gradually.
No I dont feel we are within the same kind of motion as 2017 despite the positive end to this year. I think we have further to go but also it will not result in a peaked price during this month, if BTC is left to run freely we should find the best price gains occur after the halvening which is next spring. So its about 6 months from now before we should speculate on the best gains, the sharpest gradient on the graph and so on. If its my estimate I will say 12 months from now maybe, a full year off and I'll say that for the same reasons I said before 2023 this year will be revision or consolidation more then grand gains or an immediate bounce back. The bigger the price objective, the more preparation is to occur beforehand imo (or else we risk very unstable prices gains then losses).
I have the same feeling as you. I expect one year from now to see another all time high. For the moment, the volatility is at its best with Bitcoin with the price moving from $41k to $44k and bounce back with a lot of buying and cashing out activity.People were waiting to see the price increase so they can make some movements, I don't blame them but we should keep holding for the next peak.
The instability in the price will continue for a month from now in my opinion, I just hope to not see less than $40k price again..
No I dont feel we are within the same kind of motion as 2017 despite the positive end to this year. I think we have further to go but also it will not result in a peaked price during this month, if BTC is left to run freely we should find the best price gains occur after the halvening which is next spring. So its about 6 months from now before we should speculate on the best gains, the sharpest gradient on the graph and so on. If its my estimate I will say 12 months from now maybe, a full year off and I'll say that for the same reasons I said before 2023 this year will be revision or consolidation more then grand gains or an immediate bounce back. The bigger the price objective, the more preparation is to occur beforehand imo (or else we risk very unstable prices gains then losses).
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