Bitcoin Forum

As a lot of you have probably noticed, the cryptos are not doing so hot right now. If you were smart and looked at history, you would have known this was going to happen. You would have cashed out at the peak and bought back in when it hit its all-time low. Were you one of those people?

Check out this article at https://allthingscrypto.tech/the-bitcoin-crash-looks-strangely-familiar/

Very interesting article. I never realized how close the dot-com bubble looks when you compare it to the Crypto crash that is happening right now. Thanks for sharing.

This is just one example of many, there are also many that peaked like bitcoin did and then crashed never to recover. We can draw comparisons with the dotcom bubble but in reality they are worlds apart. I like to think in years gone by we can look back and draw more similarities but despite my strong belief in cryptocurrencies and blockchain technology I do not believe that it comes close to the introduction of the internet.

I wish I would have noticed that before! Kinda crazy how similar the graphs look.

If this is the case, then when do you think we'll begin to see the cryptos rise back up? Will things turn back up now or will it keep dropping?

Every single bubble will look 'strangely familiar' at this point. The difference is to realize that no every bubble is similar and some of 'bubbles' are not bubbles at all.
The main difference here is the fact that Bitcoin is finite currency - dotcom bubble could be extended indefinitely and in the end, people realized the disproportion of prices vs. its usefulness.
That is the reason for the fall of dotcom bubble.

does look similar but i think we out of the woods at the moment looks like a recovery  ;D

Plus you have to have in mind that dot com was mostly available only in America and was worth over trillion of dollars where total marketcap of cryptos is below 1 trillion dollars (at this moment it is below 400bil). Plus adding that in crypto everybody from anywhere can potentially buy some which should mean to me that price could be higher easily with many people entereing last year so I think this year will be better. Yes it went till 20k, to be honest I though it would dump when btc went till like 10k first time. People taking profits many new people seeing red etc. but still as I said I don't really  see the reason to compare this to a dot com, at least not yet.

The mini crash always happens in january into february, this is nothing to worry about really.

That is the case usually. Bitcoin price should recover starting from the end of March and beginning of April. If I were smart I would have sold at 18.000 dollars but I believe more that the price will go to 30000-40000 dollars for bitcoin during this year, I think in the end of this year so I am saving my bitcoins up for that time. If I sell the amount I have at that time it will improve my lifestyle.

Every bitcoin crash is a known game of fear, whales are selling their coins to make small users sell theirs so the whales can buy back at a low price and make more profit. I will never fall for this.

This is an example of a us that needs to hodl bitcoin. The chart is saying that bitcoin crash is pretty natural. So it means that we just need to hodl. Hodl is the only thing we can do now. Me I'm now losing my investments so I just keep on hodling.

It is usually the cycle for cryptocurrency. The buying of crypto on its downturn and selling of it when it reach its highest peak. However, most of us are not aware in using cryptocurrency and how the environment of crypto goes like. They are doing the wrong method which is buying high and selling low. That's why most of the time, they did not make profits. We need to spread the real methods of trading and investment for them not to be ignorant of the system. Whales are controlling the market and we need to reverse their manipulation.

Yes i'm very smart and very confident at it. It's very normal that we have this price crashed nothing's new but if your newbie and don't know the price action before better watch out! I want you to look the chart before.

I always remember the saying: "What ever happened will surely happen in the future, that`s what is called history".
History always happens over and over again as well as crypto sometimes up, sometimes down, up again, down again, and so on.

Yes i have done that, it is the basic principle of a trader called a strategy. This strategy is the best strategy and I don't mind how long i have to hold bitcoin.

If they will work in the same way, we will have 15 months until we are back to 20k.

I think this has not reached its lowest point .. and is very possible when the price goes up and it will be a risky point where bitcoin will return crashes in the near future. and yet it will not be long because it will come back up when the weak hand has panicked, and after it all comes back up accelerates, and gives the advantage to some who can withhold any investment

In fact there are many graphs and studies that show the great similarity that exists in the behavior of different markets over time, and this is easy to explain because regardless of the fundamental factors that apparently move the economy, the emotional and psychological aspects weigh heavily on the decisions of investors, who are ultimately behind every movement of the market up or down.

this current level is absolutely nowhere near THE bubble. wall st. has only tentatively entered. futures volumes are tiny and they have no direct exposure to crypto, or virtually none. this is a foothill.

it's been a big bubble in bitcoin terms but still an amateur one in global terms. this one fits in one of the squiggles near the start of that chart, maybe somewhere between 1995 and 2000.

the real one will be unspeakably, unbelievably, epically huge.

it's a 24/7 market with exposure in almost every country in the world. the dotcom bubble was not far off 10 trillion inflation adjusted dollars and was mainly american stocks only. this'll be of as much interest to a cab driver in kuala lumpur as some high roller in new york.

you people need to up your scaling big time.

Looking to the dotcom chart, we can predict a fall to mining costs in two months, after a period of recovery. Then it will go up steady and have a small crash around november. After that, it will go only up.

This, if it repeats that chart. I dont think that will do, but is food for tought.

Or, you could look at the 2013 bitcoin "bubble".. Took almost a year to get down to mining cost levels, stayed there for many months and then started to climb for the halving. Next one should be in 2020.

The 2013 bubble didnt have consolidations, it was straight up to the top, only green candles.

https://bitcointalk.org/index.php?topic=178336.msg29420259#msg29420259

Don't know what that has to do with anything. If anything it would imply that the slide downward would just take longer. But whatever, I have yet to see any person giving any sort of technical analysis be correct 100% of the time, especially in crypto as it's a completely different beast. They always throw out a handful of scenarios and they're bound to be correct with one of them.

We had a great run last year and never expect the same kind of run all the time,no market can sustain that level of growth all the time,you need to have market corrections once in a while and i did book my profits before the correction started as it made no sense to push the market beyond $20k as it was a milestone. I am waiting for the market to settle to re enter.But i purchase some coins when the market went below $6k.