Bitcoin Forum

In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?

Move on. 2017 will not be like 2014. If we reached the lowest price of bitcoin from the year 2014- 1st month of 2016..then 2017 will be the year of getting the new ath of bitcoin. No more drops in price ,it will be stable at 800$ for sure.

Yep.

Bitcoin has had it's parabolic blow off top, and in comparison with 2013 and 2011, the interest is just not there, at least not from outwith China. Joe has been burned by Bitcoin too many times by now, both through 'legit' manufactured pump n dumps and from exchanges just outright stealing from it's customers.....

USD volume is a mere fraction of what it was during previous pumps and google trends shows also a distinct lack in interest compared with previous blow off top pump:

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Of course, there are still 'believers' who think they are getting 'cheap coins' at $800 range, but I would wager that nervous bagholders outweigh them....and besides, that pump was 100% Made in China, and the PBOC has just announced they intend to investigate the big Chinese exchanges. If the Bitcoin Cowboys are all scurrying around with their tails in between their legs, busy trying to get their ducks in rows for the PBOC, who is left to really drive the market up?

I would be very surprised if bitcoin didn't go on and have another pop at $1000 or so, but I wouldn't be expecting any new highs anytime soon.

NAW, SPLANGY.  This ain't nowheres near 2014.  That shit was crazy back then.  We gots a bubble sorta, but we reboundin' like Charles Barkley way back when I was inna stroller.  Now what we got was a drop of 'bout $200, an' I amost choked on a hot dog at dat one.  But that bitcoin.  It always be thissa way.  Y'all need to strap yoseff in, 'cause it's like a dam rolla coasta at Sex Flags in Jersey.

We don't have the signals pointing towards that, I think we are going to see some spikes in price and also lower prices than the one we have, but we will see nothing like what we saw back then.

Totally, we are going to go under $200 all over again :D can you guys see that red price? good because it's a thing around here lol, if bitcoin is defined by specific country and market in countries like china or US then better now to quit being a fan, trader, supporter and find some other way, oh wait other ways are under governments asses and boots.

Bitcoin has no borders and knows no authority but protocols and command lines.

Ah, the old "it's so similar yet not really similar at all... so it's all bad or something". You sure said a lot without really saying anything at all.

no this is more like the early 2013 to me.
the time when price was still low with a tiny bump to rise up and then come down to shake out and finally in late 2013 the big rise came. and now we are waiting for the big rise to $3000

Every year is a different year in terms of price movements. 2016 was a unique one with swings unpredictably showing here and there, but so were the declines. I doubt if 2017 would be any different. It will be another year full of surprises, and predictions this early in the year would most likely be forgotten by the time we are in the middle part of the year.

well anything is possible with bitcoin price :)
but the likelihood of it is slim.
in 2014 we were in a period after a pump, a big pump with fake numbers from Mtgox and all the FUD that came after it caused the downward slope. but this time nothing is similar to the rise.
if you want to compare you shouldn't only compare the after math but also what happened before the rise too.

p.s. $860 right now!

i'm more inclined to think that this yea it's simply like the 2016 year at the begin where the price was 400 then it went at 770 with the first big pump and a retreat to 350-400

the same thing is happening, big pump followed by a retreat to the previous point

No way to answer that this early on. But I am ready for whatever comes towards me. That being said, I still add value to what BTCC chief Bobby Lee said about the price to possibly reach $1500 this year. I personally don't think we'll touch $1500, but a swing to $1200 or perhaps a tiny bit higher is definitely a possibility. Not long after that the price started to move up heavily where it peaked over the $1100 level. I am confident we'll experience the same thing once again this year. And yes, it will be followed by a massive dump, but I hope we'll be able to sustain $1000 after that. That should be the target for 2017.

Article about BTCC can be found here; https://bitcointalk.org/index.php?topic=1703672.0

I am saying, that the top is in. The next attempt on testing the recent high will fail, then we can expect a long correction period, as Bitcoin looks to find another stable bottom...probably around the $500 mark.

I am also saying that compared to previous pumps, the interest in Bitcoin just isn't there. We have had Bitcoinica, MtGox, Bitfinex, and loads of small scale thefts on Kraken that never make the headlines. Too many people in the West have been burned in Bitcoin already.

No situation of bitcoin right now is way better than 3 years ago. Marketcap is really high now and we can see strong buy support even when market is in great panic.

I think we will see steady rise in price throughout 2017 rather than slide down or dumps.

Not remotely close.

2013 we went from $70 to $1100 in like a week..

It took a year if not longer to go from $200 to $1100..

We are still in a bull market.

Maybe yes maybe no depends 2014 it has small users who uses bitcoinb but now 2017 i think that there are more people who uses bitcoin for their daily lives and bitcoin in 2014 are banned in some contenent If you are seeing bitcoin price it always decrease and increasing its really unstable.

I don't know, but am very disappointed to see the price acting like a roller coaster. I really don't understand why they keep increased the price all the time, when a few days ago many of them lost over than 30% of the money they invest.  :-\ This rally isn't healthy. :(

This is obviously not 2014. Look at the 2013 rise, now compare how much time it took for the price to peak at the 1100 ish ATH to the last peak we saw this year. This rise has been sustainable, we are not going to keep dipping, this is just the natural continuation towards a new ATH. Get in before 4 figures.

I hope that it will not the same as 2014 crash and dump.. and i think we will experience of different with the present time because we are seeing more people are believing in bitcoin and more company are also accepting it it can push the price and increase the value instead of crash and dump just like happen in 2014..

Yes, bitcoin is in a long term town trend. You can clearly see it in all the data.

Proudhons back baby.

This bull run started late 2015 and still going strong. They maybe some setbacks along the way but the price always recovers quickly after some FUDs. This is maybe because the bitcoin community is really getting stronger. This cannot be compared to the price movement in 2013-2014 where the price is purely manipulated by the whales.

Until now, I see no similarity of both years aside of the price levels.

The 2013 uprun was way too fast. The bull market of the past year was healthy, with occasional overheatings. But more important: It is accompanied by interesting technical developments (like Segwit) and most indicators related to transaction volume also go up in a steady way.

Only a black swan event like massive problems due to a too full blockchain (before the Segwit activation) can convert 2017 in a new 2014.

so far it has been similar to 2012 and early 2013 when everyone was running around making new topics saying price will not go above $10-$20 and we will go down and then price went to $1000 and they all were silenced.
now we are again on the verge of either a huge rise or at the very least follow up on the slow rise from 2 years ago.

The ones that lost money are not the whales that manufactured the price increase, they sold with a profit and bought again when the price got lower, the losers are all of those that entered the market when it was over 1,100.

Please give us your reasons why you think Bitcoin will be stable at $800. Back up your explanation and reasons with facts and not the usual brain farts that are usually spewed by almost everyone in this forum or the whole community for that matter. After your explanation please tell us why we should believe you.

so far there is no similarities between nowadays and 2014 days.
starting from the rise, it was slow and strong unlike that rise which was fake and fast.
and now, with passing of each day we can see that the drop was nothing more than a fake FUD dump for the whales to get more cheap coins in their pocket.
i don't want to start another moon speculation but we will see $1000 again sooner than you may think.

With each passing day, it's becoming more and more evident 2014 is long past history. While we may never see a rocket ride like in 2013, we will probably see steady, incremental rise in 2017 and beyond. I'm thinking gold, silver and bitcoins will see price rise in the near to long term,  thanks to Trump.

Nope, we are looking for a breakout here. 2014 was preceded by the madness of 2013.
The rise in 2016 was not the unsustainable, moon shot that we say in 2013.

Yes, there are a lot of differences in current bitcoin rally compared to 2013.
All the above, the major reason for collapses happened in 2014 must be failure of big bitcoin exchange. Negative news had driven bitcoin prices down. So, we cannot expect same level of negative newses produce same impacts in 2017 too.