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Poll

What will happen to Bitcoin in the next 200 days?

Its value exceeds 100k by length, history repeats itself
3 (37.5%)
Bitcoin will reach 100k with the greatest effort
3 (37.5%)
Bitcoin will no longer reach its ATH this year
0 (0%)
Bitcoin drops below 40k by November
1 (12.5%)
Bitcoin drops below 20k by November
1 (12.5%)

Total Members Voted: 8

Voting closed: November 14, 2021, 09:33:47 AM

Author Topic: Is the crypto history repeating itself?  (Read 2292 times)

Offline Ferki

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Is the crypto history repeating itself?
« 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.

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Is the crypto history repeating itself?
« on: May 18, 2021, 10:33:47 AM »

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Offline Ferki

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Re: Is the crypto history repeating itself?
« Reply #1 on: May 19, 2021, 02:29:47 PM »
The market lost 800 billion in a week. Does that change your decisions?
Panic?

Offline gurunanakji777

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Re: Is the crypto history repeating itself?
« Reply #2 on: May 20, 2021, 02:25:46 PM »
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.

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Re: Is the crypto history repeating itself?
« Reply #3 on: May 20, 2021, 02:47:58 PM »
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.

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Re: Is the crypto history repeating itself?
« Reply #4 on: May 20, 2021, 02:50:59 PM »
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.
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Offline msz900

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Re: Is the crypto history repeating itself?
« Reply #5 on: May 20, 2021, 05:38:35 PM »
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.
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Re: Is the crypto history repeating itself?
« Reply #6 on: May 20, 2021, 08:29:35 PM »
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.


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Re: Is the crypto history repeating itself?
« Reply #6 on: May 20, 2021, 08:29:35 PM »


Offline robert20

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Re: Is the crypto history repeating itself?
« Reply #7 on: May 20, 2021, 08:36:13 PM »
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.
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Offline Vx1

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Re: Is the crypto history repeating itself?
« Reply #8 on: May 20, 2021, 10:55:04 PM »
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.

Offline masterrex

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Re: Is the crypto history repeating itself?
« Reply #9 on: May 22, 2021, 02:38:04 PM »
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.

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Re: Is the crypto history repeating itself?
« Reply #10 on: May 22, 2021, 02:56:14 PM »
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.

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Re: Is the crypto history repeating itself?
« Reply #11 on: May 22, 2021, 04:43:49 PM »
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.
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Offline Master107

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Re: Is the crypto history repeating itself?
« Reply #12 on: May 22, 2021, 04:56:51 PM »
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

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Re: Is the crypto history repeating itself?
« Reply #13 on: May 22, 2021, 06:46:44 PM »
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.

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Re: Is the crypto history repeating itself?
« Reply #14 on: May 23, 2021, 03:30:07 AM »
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. 

 

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