Is the crypto history repeating itself?

[monig18]

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.

[Anonylz]

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.

[Malam90]

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.

[gabbie2010]

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.

[shadowdio]

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..

[Confero]

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.

[Ferki]

When talking about repeating Bitcoin history, always take the Stock to Flow Chart Model from Plan B aside




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.

 

[Toshko]

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.

[Prime]

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.

[babu10]

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.

[Proton]

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.

[Proton]

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.

[Senin]

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.

[Seerge]

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.

[Manna]

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.