Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Ferki on May 18, 2021, 10:33:47 AM
-
Since May 12th, the market has now lost 400 billion in value. If we look back a year, the entire market wasn't even worth $ 270 billion, and now we're at $ 2.1 trillion. From top to top that would be around 10 times what the market had gained in one year. Anyone looking at the past halving cycles must realize that the price of crypto currency number one is growing systematically. If that continues, we can expect rates above 100,000 US dollars this year. We still have about 200 days until this cycle has reached its peak.
Previously, you could set the clock according to Bitcoin's halving cycles. Why should that change in the future?
Do you think history repeats itself? Will Bitcoin be worth double by November? Or do you think that Elon heralded the end of the bull year with his tweets?
Your opinion on the whole is very welcome.
-
The market lost 800 billion in a week. Does that change your decisions?
Panic?
-
Yesterday's market was very bad even I would say yesterday was a black day for the crypto market as we saw a huge dump of all coins and many of the investors/traders lose huge money by selling in panic and those who hold patiently can take a sigh of relief as compared to yesterday market. It's not easy to remain patient after a huge dump. We all know this is a highly volatile market. I don't think history repeats itself but we never know what is next but I want to remain optimistic as I have full trust in the crypto market I believe it will bounce back for sure in the coming days. We can not predict what would be the price of Bitcoin by November but hopefully, it will be more than today's price as I am expecting.
-
Well, the market has always been cyclical, this is not something new. Personally, I expected such a drop. I was not expecting Musk to turn on Bitcoin like that, but I should have.
-
Bitcoin price chart shows that everything is cyclical. We are now repeating spring 2018 imho. We will face price stagnation for a very long period now, then something new will appear, like ico>ido>swap>nft. Just wait and see the play.
-
Bitcoin price from the last few days is moving very fast and the difference between the ups and downs is almost $1k on daily basis. According to the current market, the condition may be 2021 will be the same year for BTC like 2017.
-
I believe BTC will still follow the PlanB model, i.e. need to reach ~90K USD by November of this year.
In the worst case scenario, BTC price will soon rally back to 60k USD like it was before the drop, then BTC price will fall deeply as a sign of the 2022 crypto winter.
-
The market lost 800 billion in a week. Does that change your decisions?
Panic?
This is not going to change my decision. I am real crypto and blockchain lover not follow peoples like elon and invest in meme coins. I look at fundamental and see how much it can contribute in sreading crypto around the world. I hold for long term not only to make profit but also to support blockchain technology.
-
The price of Bitcoin has increased slightly from yesterday's decline. Indeed, everyone is panicking seeing Bitcoin's deep decline, I can't believe anyone would say this is normal. I've seen a lot of people lose the value of their assets because of the drop in the price of Bitcoin.
The decline in the price of Bitcoin is indeed a lot of people who are worried about repeating the price in 2017, but I do not believe that the history of Bitcoin will repeat itself a little.
-
IMHO, I think we are in a different situation now compared to what happened in 2017-2018. Because the market now is more robust and big compared to 2017-2018 respectively and also there are more big players today compared before so I believe that history won't repeat in this present market condition but bitcoin price might touch down below $10K again who knows and altcoins price will go down further so we better get ready.
-
History always repeat again but we also know there's monopoli and domination, conspiration?. We only need to predict when it happen and how far to go, be there and never replace asset without stop loss, that's fangerous.
-
It feels like bitcon is being lowered deliberately and systematically, releasing negative news about it, apparently for what it is being done, I can be wrong of course, but I am still sure that bitcoin will reach a new ATH this year and new institutional investors will enter the market, which will awaken the growth dynamics for bitcoin.
-
If I'm not mistaken...
1st halving - dumped dip.
2nd halving - dumped dip.
3rd halving - dump dip.
Then after the dump dip, tremendous revolution took place on 1st and 2nd halving. Now, if the history will repeat itself (I hope so ;D) we might see big pump in due time this year. :D
-
IMHO, I think we are in a different situation now compared to what happened in 2017-2018. Because the market now is more robust and big compared to 2017-2018 respectively and also there are more big players today compared before so I believe that history won't repeat in this present market condition but bitcoin price might touch down below $10K again who knows and altcoins price will go down further so we better get ready.
If the Bitcoin goes in the direction of 10k, that means no repetition of history. That would mean the total turn away from bitcoin and thus a lot of altcoins would be totally insignificant.
Please reconsider your sentence.
-
History says, no market goes in a straight line. It has a business cycle where ups and down of price is a general scenario. But Suddenly unnatural increase of price is not stable. Don't you think instant increase of bitcoin price from 30k to 65k was unnatural? So it is a general scenario of price falling. Besides some incidences like china's ban of bitcoin, Elon Musk's forbidden of car sell with bitcoin etc have helped to decrease the price. But I think it will recover soon. Market of 2018 is not the same of 2021. So it is not the effect of history. It is the effect of business cycle.
-
Bitcoin was creating its All Time High one by one since January of this Year. But Price has not decreased .Such A big Correction was expected . Every ATH had tested its Previous ATH. According to Past History It can dropped more than this and can be test 25k level.After these Level BTC will move to 100k mark and this could be done up to end of this Year or Start of the Next Year.I believe its New ATH in this Year.
-
Bitcoin was creating its All Time High one by one since January of this Year. But Price has not decreased .Such A big Correction was expected . Every ATH had tested its Previous ATH. According to Past History It can dropped more than this and can be test 25k level.After these Level BTC will move to 100k mark and this could be done up to end of this Year or Start of the Next Year.I believe its New ATH in this Year.
I am with you on this. I too believe we could well see Bitcoin dips down to that $25k region before we will see a massive move upward again to the next new ATH and this will affect other Alts too. If you actually look at the market now, you would notice that every day we see a new low in price so that $25k price could happen.
-
History says, no market goes in a straight line. It has a business cycle where ups and down of price is a general scenario. But Suddenly unnatural increase of price is not stable. Don't you think instant increase of bitcoin price from 30k to 65k was unnatural? So it is a general scenario of price falling. Besides some incidences like china's ban of bitcoin, Elon Musk's forbidden of car sell with bitcoin etc have helped to decrease the price. But I think it will recover soon. Market of 2018 is not the same of 2021. So it is not the effect of history. It is the effect of business cycle.
Yes, right. No market goes straight line if we follow from the last 10 years chart specially after 2016. There are ups and downs which is normal trend but after 2017 wasn't expected. The recent past experience still haven't made us aware. So probably we are going to see the scenario like 2017 later. But we expect that market will bounce back. We have already passed Growth, Matured, Shakeout and Decline ongoing. If it follows Business life cycle, it will follow recession and finally recover stages. Let's hope for the best.
-
Personally I envisaged the present market condition, because the price of Bitcoin has been breaking new ATH, price is not one way traffic what goes up must come. while the price might have been experiencing minor corrections then comes Elon Musk tweets which further pushed down the price massively, of course in all the previous bitcoin price dumps it recovered in earnest it happens in 2017, 2020 and here we comes another dump again I am very sure of history going to repeat itself again.
-
With this massive dumped of the market I don't think if we can see bitcoin reaching $100k or making a new all time high again this year. Chances it may drops below $20k this year but hopefully not because I'm sick of it losing money lol..
-
I really hope that doesn't happen again, that is, after Bitcoin crashed it would have to wait a long time for it to go up again. It used to be different from now, now there are more and more investors in Bitcoin and other Cryptocurrency coins. In my opinion, this will have an effect, namely the movement of the Bitcoin price increase in the event of a Dump will be faster than we predicted.
-
When talking about repeating Bitcoin history, always take the Stock to Flow Chart Model from Plan B aside
(https://pbs.twimg.com/media/E20dWq0VUAEVFvw?format=jpg&name=4096x4096)
From this we can conclude that we are still not at the end of the bull run and that the peak could come around October-November. That should mean the repetition of the Bitcoin history and not some premature crash.
If that doesn't happen then the chart is broken and no longer applies. It would of course be nice because the chart shows us well over 100k by the end of the year. But you shouldn't believe everything you see and should rather look at the perspective from several sides.
That means always being awake and always learning, and you will be rewarded for it.
Never panic!
Because you are smart and have not invested everything in crypto and especially not what you need to live, right?
Because you know that very few can become millionaires overnight and you have to be patient.
Because you keep investing smaller sums in crash times.
Your time horizon is not 4 days but 4 years and more, and you keep your investments for a long time.
Underlined lines are my advice to you, the shortest there are, but the most important. Stick to it and your portfolio will thank you.
You have to find out for yourself what to invest in, but everyone should have Bitcoin.
-
If there is no Bitcoin to sell on the market because people are refusing to sell it - the price will go up. There are still people who bought at higher prices who instead of aiming for long term investment wish to cut their losses and have their flat right now. That's why it's important once you buy Bitcoin to not go back into fiat and to just spend it inside the crypto ecosystem.
-
If we are seeing the graphic of the crypto market, yeah it may be repeating. The market chart is actually readable and some indicators can show it. However, sometimes, the bad news and good news outside about crypto will really make the market out of the chart. I mean that it may be repetitive, up and down, but sometimes, the market is really surprising.
-
I think market will not come like year 2017-2018 where people was not practical about this market. Now situation has changed and everybody knows ins and out of this market so that though some bad news created and market also fall for some days i think it will comeback very soon. History can repeat and i think here will not 100% as motion and mentality changed and what is going next we just have to wait, nothing else.
-
U.S. investors made an estimated $4.1 billion in realized gains on Bitcoin in 2020, according to blockchain analytic group Chainalysis, in a recent blog post. What’s more, U.S. investors beat rivals in other countries by miles, with only China coming anywhere close at $1.1 billion.
-
Bitcoin regularly exhibits a cyclical pattern of colossal ups and downs, and this is not the last time. I think the price peak in this cycle has passed and the price stabilization awaits us ahead, so that in a year or two it will grow tenfold again. The history of crypto will repeat itself again.
-
Bitcoin and other cryptocurrencies have proven more than once that there are no general rules of conduct for them. Bitcoin falls in value when it is predicted to rise and grows rapidly when no one expects it anymore. There is a general cyclical growth of the cryptocurrency. But it is practically very difficult to predict its price behavior in detail.
Now, for example, no one knows when to expect the next rise in the price of bitcoin and how high it will rise.
-
Bitcoin price often has ups and downs, but I don't think this will repeat the history of Bitcoin price in 2017. Currently the price of Bitcoin is clearly better than that year, although now there is also a decline but it is still at a high price. We don't have to worry, because the Bitcoin price will be fine.
-
Indeed, everyone is panicking seeing Bitcoin's deep decline, I can't believe anyone would say this is normal. I've seen a lot of people lose the value of their assets because of the drop in the price of Bitcoin.
-
I had once made a post that suggested that since the last two months (November and December, 2021) that the market is on bear run, but many guys think otherwise. I am not an expert on crypto analysis or predictions but crypto(Bitcoin) has keep on changing patterns over times, the price trends has become obvious. Whether some people agreed or no, the Bitcoin price trends, in my opinion is experiencing a bear run in different pattern not experienced before but expert may say otherwise opinions.