Bitcoin Forum

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Good bye

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This is not the same as 2013. Bitcoin price has been stable since August and only going up which is different from 2013 when the price spiked directly at that November if I remember correctly from 10 to 1100 dollars. Anyway I think that the price may fall down and have a correction but we are all expecting it to go higher into end of 2017 and even more into the 2018 territory. Maybe it is even Amazon who may accept bitcoin this month which is giving a boost to the price but even without it we are going to have increase in price.

I strongly disagree with this, bitcoin has become stronger and reliable then ever before because of its strong community/users. Although we can't deny the fact that it's price is highly volatile but the scenario you are stating is not going to happen. Very rare people were aware of bitcoin and cryptocurrencies at that time (2013) but today there is a huge differnece from the past, market has grown up and many things are modified from the past.

I think there is much difference today than the year 2013, we can say there is really a great hype today in Bitcoin but this is well supported by the community.  Today, Bitcoin is accepted in different country unlike in the year 2013.  More company had adopted Bitcoin and there will be more in the coming days.  So definitely this is not the same as 2013 bubble.

Not going to happen, you can't compare 2013(almost no one heard about bitcoin) and 2017(global adoption), I can only agree that there will be correction. Back to 2000$? I don't think so.

So  ;D do you ready to short wtith largest leverage from $6 000? Stupid comparision!!

Bitcoin will definitely come down at the end of the month but I really doubt it will be something drastic.

Nice try to spread fud in the forum, you can not compare the actual price with prices from 2013. This has already been seen a lot of times in here, when the price makes more than a 5%, a lot of people start posting charts to try to compare the price with similiar charts.
I am tired of it, you should know that the price is based on how much does the people invest, and if there is no fud, then people wont sell their coins = price decrease.

Cycles don't repeat as easily as you're saying this one will.

But let's say the cycle does repeat and we head back to $2000. That leaves a lot of new entrants to our market left holding a really expensive bag that's worth 30% or less of what they paid. Do you think that reality, those new players are going to double down at the lower price? Or are they going to sell at a loss and say "fuck you Bitcoin, robbed me just like the stock market!"?

If adoption sours on a huge drop it'll take twice as long as 2013 for momentum to build back up again...and that's a lot of time for all the press to declare "see, we told you so, the bubble popped. Bitcoin is worthless."

It's been the opposite to stable you do realize right? stable means not too many unexpected heights or drops. yet bitcoin recently tripled its value in a few months.

If your definition of 'stable' is seeing these coins pop up and down about $500 a day then I'd love to see what a safe portfolio looks like to you. Though I'll have to say that I dont think that Bitcoin is coming to come out and crash.

Bitcoin may flucuate a little bit, but I think this is the point where Bitcoin sits and stays FINALLY.


This too. Bitcoin is a different beast right now, this is HUGELY different.

I think many of us would be glad to travel back in time and go to 2013 again, for obvious reasons  ;D
Regarding your cycle comparison, I agree with all the people who already replied and I'm pretty confident the price will continue to grow. A temporary decrease of price could even happen, but for a short period of time and not so drastic like 2014-15.

I dont think that the price is going to drop, just like the other people said before, you can not compare charts from some years go with atm prices, it is not possible because people is reacting different against bitcoin right now.
In 2013 most people were only buying bitcoin to have some "digital money" and a lot of people only for buying in the deepweb, and to take advantage from it.
but now everybody is buying for profit purposes, and you can not deny it.
And people would not lose any money, it is not going to drop to $2000, i am sure about it.

Don't chase the past, we are not in the same stage just like what happened on 2013. I'm not still into bitcoin on that year but today's a different year.

You did experienced that bear before and will keep on happening but that's a lot if you are trying to compare it way back that year. I believe with history repeats itself but not on this thing with bitcoin's price.

A lot of speculative ideas that bitcoin can grow more and has a big potential so every investor is keep on supporting it, this will be the one money of the world in the future.

The resemblance is there in terms of price growth, and it does call for us to be cautious. However, we had Mt Gox's failure acting as a catalyst for a drop in prices in 2013. Nothing like that seems to be on the horizon now.

Well, it can happen and it may not happen... It's an unpredictable world, it doesn't mean the old events will repeat again just because we are in "similar" situations. There are some factors that could influence the price and from 2013 on all these factors evolved and turned BTC into a more secure currency as now we have more users, more business and sites operating with Bitcoins, more attention from countries on Bitcoin.

Anyway, a sabotage can happen and the price can be dropped by whales who wants to make profit over other's losses.

It is hard to say, but it did recently go back down to $3,000 so I think $2,000 would not be that big of a stretch short term. I do think that any down turn will not last as long as the 2014-2015 period did, and we would bounce back within 6 months maybe.

We're not in 2013 territory any more, too many people are involved in Bitcoin for it to be that volatile. Will it go down after the upcoming forks? Yes, probably. Will it crash? No.

I somewhat agree with the OP because the bitcoin price will go down soon within few days when the investors around the world start booking their profit and sell their holdings. But I am certain that the price is never going to come down to 2000 USD level for sure. It may come down to 4500 USD level again and hold that position for few days before going up again. This is a very normal trend with bitcoin pricing. A huge increase in price always comes with the fear of a downfall just to become stronger again. So I am not worried about the decrease in price which is forthcoming because that will be the most opportune time to buy more bitcoin for the investors like us.

The major difference in 2017 is adoption rates and public trust. Today Bitcoin is much more trusted than it has ever been. Investment is still very very small. Today, large organizations have Bitcoin holdings...there would have to be a major event for large companies to panic sell. In 2013, people panic sold - people will always panic sell. Look what China's clamp down did. Price dropped to $3k and came right back up. Shows the market is much more resilient than it was in 2013.

Agree with this one last happened it was 3k USD I don't think that it will no longger low to 3.5 /4k if the fork will affect the bitcoin value in october25
I agree with the mindset that bitcoin will drop soon and it was good opportunity to get advantage in much lower price to buy bitcoin

We have different circumstances now, and more companies involved, in case something bad happened, bitcoin price will has a lot of backers, moreover, Bitcoin is more adopted now, and it is supported by high demand.

This is pure FUD. BTC is stronger than it has ever been. I bet you just sold on the way up.

I have no bitcoin, if I had, I would not sell them because I would rather hold it long term. If you are a trader or short term holder, you should care about this.

This is too normal, by the year 2013  investor less confidence and hold it. Nowadays, investors know about its value and hold, then it price  high.

2017 is very different from 2013 as bitcoin is more known to many people. It has since established much more and it will only keep improving. The price of 2013 and 2017 definitely makes a difference as well

I think everyone pretty much expects that the price will drop heavily at some point (this year). China news was a massive one and it didn't hurt it as bad as I would have expected it.

Which to me, it shows how strong of a support it has worldwide. Not only that, but financial institutions and Wall Street cash are now coming massively into crypto. A massive drop would make a few people very rich indeed.  8)

While a drastic price decrease would be highly welcomed by me, merely because I would like to use that opportunity to accumulate more. I do think its highly unlikely it will be a as bad as in 2013 because now in 2017 the volumes are much higher and the there's more trust in it than it was 2013.

true! a lot have changed to since 2013 from today, 2013 and 2017 onwards are totally different timeline with different current events, supply and demands for bitcoins. Its like judging a stranger based on your perspective from people you know.

Maybe there will be some pattern,every four years we rise 10 times than fall 5 times then rise five times and than a new cycle 10 x again  ;D In 2013 we had from 100 to 1000 than during 2014 and 2015 fall to 200 than rise back to 1000 at the end2016/begining 2017. Now we"ll have 10 000 than back down and 100 000 in 2021  ;D

I really agree with you, because today bitcoin is becoming known by many people in all circles it will be very difficult to bitcoin back to the same price as in previous years.

I thought this not same as 2013 because now bitcoin is stable even sie august not like in 2013, and one big different at 2013 and 2017 is at 2013 even i can say not much people knew about btc and care about that but today is really the opposite of 2013 because at 2013 much people knew and care about btc.

I already get used to FUD.
It usually comes with higher  ;D
What I had learned is that it is best to not read news, fud and what bankers and governments say, it is best to hold bitcoins and check price every half year  ;D

I thought, omg, what was all this thing about? 2013?
So the op stated that the same thing will repeat again? Is that so?
Well, I don't think so. As of now lots of ppl are using bitcoin for many purposes, you name it.
The price is quite in a stable state. So 2013 and 2017 is totally diifferent.

I can't deny that there'll be rises and dips, but I'm sure bitcoin will find its way up to shine even more.

Although I agree to the fact that Bitcoin had been a stable currency for a few months now and the price might spike up more than ever but I disagree to your statement that Amazon may accept BTC this month. That my friend is a rumor which people had been spreading for a long time now. There has not been made any official statement through this company regarding BTC as a payment.

It is happening!! God bless all of you. People don't understand that it is not bitcoin's technology or superiority that will make you rich, it is your own mind but most people are simple minded.

The number of bitcoins generated per block is set to half every four years. I think this may explain the four years cycle length. In fact, I started to invest in BTC in 2017 because of this odd assumption..

I know this was a strange speculation by the OP, but believe me, if Bitcoin did go back to $2,000 I would buy as much as I could possibly afford.  From a long term perspective, $2,000 would look absurdly cheap.

I never thought about such deep technological facts. I'm just investing in bitcoin, because I know that its price will rise. And if the scenario of 2013 repeats, I'll just buy very cheap coins

I won't be quick to wish away the reason for your fear based on the slogan that the last is not a determination of the future because sometimes, that same past is always used to predict the future and most of the times we are correct while some other times, we are wrong.

I was not involved with bitcoin in 2013 but truth be told, within the space of then and now, a lot of things have happened that have made bitcoin reached this high point and there is no stopping until after the fork. However, there is need to be cautious is what we do never to get greedy to believe this is what will continue to happen all the time.

Previous posts already discussed, why the current Bitcoin trend is different from back then and that it has gained trust and a lot of people and companies start investing in BTC.

From a chart perspective alone the current curve is still different from back then, as the typical criteria of a bubble has not been met. Whereas, the chart should go vertical at the end of a bubble phase, the BTC price is increasing steadily this time. It is still possible that it might go vertical at some point in the near future, but we are not there yet.

I would not be that surprised with a correction to 3K. But i don´t think it will happen only to take profit. It would happen if some stupid news like "the chinese ban news" come along with an already ongoing correction. If that is not the case the dip won´t be that big as we will continue to see new money coming in from the "traditional" finance to BTC.

In one year just more than 140 billions in totalmarketcap. I dont think people wake up and "I will buy bitcoin all in" This is a massive orchestrate pump there is so much people powerfull behind this (I think billionaire people) I can't even imagine. Of corse there are fishes too who are lead by pure fomo. I belive the retrace will come and will come hard.

Rich? you're rich if you sell many enter in bitcoin (the large marjority) based in pure fome at 4500 ~5000 even 6000k. the thuth is "A massive drop would make a few people very poor indeed"

Before, bitcoin is never heard by a lot of people and now bitcoin are getting more popular everyday so for me this thing will surely not happen, correction yeah it will happen but bitcoin will surely bounce back and soar even higher. A lot of people now are using this and bitcoin will not fall that hard no matter what known people say, bitcoin is powerful.

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welcome to the vertical end!

I don't think that this is going to happen,  but thanks for the history lesson.  It's possible I suppose.

I disagree.  Bitcoin will likely keep on rising and never stop as people start to use it more and it gets harder to mine.

I hope it goes back to $1200..... I can buy even more at a huge discount  :P

no .. it will not be the same as 2013 because now all are familiar with bitcoin and everyone is looking for it and believe that bitcoin is worth doing.

It is on its way to peak and it’s not the end yet it’s just the starting. Bitcoin is about to make its journey and will set new records of success. It is providing good chance to earn more and is easy to be transferred , investors feel safe with bitcoin because of its quick methods and more profit. All what needed is to get enter into some promising projects.

Its not comparable to 2013 in my opinion. This year alone bitcoin has risen to 700% alone, because of several factors, and one of it was Japan, in 2013 we don't have a full backing of a country, but today is kinda different. Maybe what we are seeing will somewhat put to a halt later, but with a nation backing it up, it will not crash as supposed to 2013. Its normal to see some minor corrections, but I don't see it crashing similar to 2013. And as long as investors has faith and trust in the ecosystem, it will continue to exist and grow despite experiencing price correction along the way.

I wasn't around during that 2013 rally, but with my limited knowledge and experience I'm quite confident that this isn't the same as that time. There are already a lot of arguments presented in the previous posts. But basically I think the adoption and popularity of bitcoin has risen above that of being a pump and dump.

Many of the people are thinking this to happen now. Because they trust bitcoin at this point, after seeing all the hypes in bitcoin from year 2013 until today. Now they are getting greedy and trying to thin about bitcoin will fall in next month or so and then everyone can buy in bulk. No, happening of that has got less chances now, not everyone can get the chances again and again. The market cap has reached so much now that its prices are going to be stable here for very very long terms now. Im not seeing any drop to as low as $200 to $600. It could happen that bitcoin will drop all the way down to 3000 to 4000 USD but not below that for the good reason it is holding. The popularity and market cap!

Agreed, The good point you mentioned, bitcoin has just started its journey of success and it has more to achieve so predicting anything or saying that it has fallen is useless, even more people has came to know about bitcoin and are enjoying its blessings.

It will set records of success and will never look back, hopefully it replace paper money in future and may be used for buying necessities in daily life