Bitcoin Forum

Since the beginning of the new year, the past three months has seen most cryptocurrencies lose over 60 percent of their values. Bearish markets have started to spark 2014 memories when BTC/USD markets and many altcoins suffered from a year-long downturn. Surely there have been few similarities to the current 2018 bear run and the one that took place in year  2014  where  the price of BTC dropped from $864 per coin to roughly $200 over the course of the year did you think bitcoin is repeating the same bear run. ;)

It is possible, but I won't believe it until we lose another 50% of the value from where we are now. I have seen this much drop before a couple of times now in my crypto career and this drop doesn't phase me. I will be more concerned and convinced of a bear market when we lose more market share, although I don't see that happening as of now.

If that's the case, then bring it on. I'm ready for two years of earning in bitcoin and cheap crypto, since I am not a selling type anyway. In fact, I'm ready to hold on even if Bitcoin drops below $5k... though by that time, if it drops even to $1k I'll be a super holder since I will already have lost so much. No stop losses for the hodler, do or die, 2020 is the very earliest I'll consider liquidating.

Just remember, 2014 and 2018 is not at all the same. We've got a much more liquid market, and a lot of new people entering every day.

Bitcoin has already lost 60-70% of its value(20,000$)  :-\
To repeat 2014. it has to crash to $5K-6K, which has already happened.
Don't look only at negative side, look at the positive side too, since 2014. bitcoin increased its value 100 times, it crashed and lost 60% and it will grow back again. History repeats itself.

It is possible only in this part that after being in a big down and a big hole it will just pump and in near months it will show that it can touch moon again, for me bitcoin is going to hit 30.000$ in nearest time.

Yes I think it is pretty similar but I think $6000 is the bottom but if we have to wait 4 years for the next bull run, this is very bad  :o I don't think I can wait so long

You need to look at how much exposure now Bitcoin has, compared to 2014-2015. We got countries like Korea and Japan buying up all the cheap BTC and huge financial institutions involved now. Bitcoin has corrected 60-70% from its all time high at 20k. Btc will reach a new high this year. I am willing to bet on it.

the 2014 rise is just a blip on the graph....maybe the 2017 one will be too in 2020.

Things are different we must understand that circumstances are never the same, right now the level of adoption is way higher that in the past and the reasons for this particular crash are also very different back then the crash was caused by Mt Gox, and now the crash was mostly caused by a huge amount of panic that came to be by many bad news that appeared in a rapid succession.

I fully agree, but the times are different, the disclosure is more advanced, Bitcoin is on a larger scale of knowledge than 2014, Knowing this, comparing the proportions the Bear market will be more intense and red.

I do not think that will happen, the current price downtrend is only temporarily limited. We can already see prices rise and are on a positive track. The year 2014 can be regarded as a tremendous decline, but it is the beginning of price increases in the next year. For now the market share of Bitcoin is great, so for me when there are still many people who believe in Bitcoin then bitcoin prices will remain stable, a decrease of a few percent is a natural thing. There are still many opportunities to experience improvement, Bitcoin and cryptocurrencies are still in great demand and are now being used in many sectors. This will greatly assist the endurance of cryptocurrencies, especially Bitcoin.

this is crypto world , any thing is possible
but in this days i dont think that is right , because more people now know about bitcoin and altcoins
and the dump on all crypto coin is normal
and dont forget the crypto coin well be the future  :)

It's very much different if you compare 2014 to 2018 so many things have happened and we cannot compare the scenario then and now, the adoption has progressed rapidly and Bitcoin is on mainstream now I doubt if it will go down to $200 or 3 digit level there are huge buy support at 4 level

The market conditions are not the same. Saw on twitter a good chart comparison by someone that shows this current correction as the correction in mid-2013 before the big runup to $1100+ near end of 2013. I think if bitcoin can go back above $10000 and stay above, it should turn the trend bullish.

While this is so and there is a stagnation in the bottom positions, I think, too. The question is whether the same rapid rise. I mean the trend of traffic and not price indicators.

No I feel like this year is different from 2014, there are too many people and crypto is mainstream now but there are still lots of people who don't own any bitcoin and I am sure they want a piece of the cake too. The bear market is not going to last very long

2014 bear run was very epic because the price went from $1000 to $200, that is loss of 80% of the value, so far this year the ATH was $20k and we hit $6k sometimes ago and that is like 65% of the value,  to me it seems similar but one thing I know is that BTC has come to stay and nothing can be used to stop the movement

It`s realy  close, I think market go down a few times more, but it won`t be so long. Just a few month, Jan 2018 price will be upper than now 100%

I think that the ups and downs are repeating over and over again, while the ups set all time highs every time, several times higher than the previous ATH. Nobody can actually predict what will happen in crypto and I don't have crystall ball either, but I expect the market to recover in summer.

I thinks its only normal for tghe bitcoin to drop down in its value and its just like this happening in past years where bitcoin is weak at the first quarter of every each year and eventually in the third and forth quarter of the year bitcoin became strong and rises in its value. Even if this couple of months that bitcoin drops down in value i believe that it will be back again just like last year before it ends the year.

that's what everyone wants to know.

what people maybe don't want to acknowledge is that 2014 followed the path of a true bubble pop. the april 2013 bubble messed with that perception.

the other true bubble pop was after the $32 bubble and it took a long, long time to come back to life after that one as well.

people who think the $6000 bottom was the true bottom of this bubble are crazy in my opinion. it'll either be a blip on the way to the real bubble peak, or a blip on the way to the real and truly scary bottom and both are a long way from here.

we're in no man's land right now.