Bitcoin Forum

Few years back btc went from over $1000 to under $200.

Was this a gradual process like the current slide or was it more drastic?

Trying to work out how long before I buy back in.

I think it's okay that BTC dropped back to $16k. It could be some trading speculations. I'd rather wait a little bit. If the slide will continue it's time to convert it in fiat. Could be the beggining of the bubble blow.

Worst strategy is to think history will repeat itself with the same numbers and time stamps.

The last slide went for years and dropped the price at 1/5 of the ATH.
But before we had a slide from 266 to 90 that lasted only 6 months.
And there was also the drop from 30$ the years before.

Also during the 2013 nothing went like this growth, it was in a far shorter period of time and not with so many hiccups.

If you think that history will repeat itself you;re going to have to wait till 2019 to buy in at the lowest price.

Yeah, that's sort of what i was thinking it might be.

I also think people will hang on longer this time as moving coins to from exchanges has become expensive, might make for a very protracted slide.

I think not, many people speculate that bitcoin will fall ill. they see that bitcoin never goes down like today. and this is not normal.
but unlike me, I am more positive thinking about bitcoin today