Bitcoin Forum

So similar :)

https://i.imgur.com/SAls2VS.png

The most likely scenario for me is a 2019 of a boring sideways price, which is going to be very similar to 2015. We'll see tons of people selling because "bitcoin is dead". We'll see mainstream media forgetting about bitcoin as it does nothing that could give them clickbait Adsense money for their websites.

It's going to be fun how instead of taking that year as an opportunity to accumulate sub 5 figures BTC ever again.

I see it playing out like this again:

https://img.bitool.cn/newsimage/6170c77d81378d6639347ff4e9fb1051.jpg

'14 was 2018, we are now entering '15 in 2019, and in 2020 for the halving we'll start going up with a massive peak that will (once again) dwarf everyone's predictions.

'twould be nice but there's always the ol' ... "past performance is not an indicator of future earnings" caveat.

Charts of different time frames look similar till they don't, which applies to all these screenshots.

People panic because it happened so sudden. If the price slowly went down to where it stands right now, everyone would be calm and patiently looking forward to a rebound, but there is too much uncertainty in the market right now. People don't know where to look or what to blame anymore. The price is going down, that's the only certainty they have.

If $5000-$5500 is the new $6000-$6500 we will bounce back up soon. We have dipped below $6000 more than once this year.

"History justifies everything you want. It teaches absolutely nothing because it tells everything and gives examples of everything"
"History is the science of things that don't repeat"
- Paul Valéry

Many people try to invest based on historical data. Unfortunately, not many people realize that the crypto-market history is just beginning. Investing in this way right now is like riding a bicycle backwards.

I do believe that history repeats itself more often than we think in a cyclical way. The way to visualize these cycles are the graphs that are analyzed with the tools of technical analysis.

2018 chart looks like we are following the 2014 roadmap for a long-term bear market. Like 2015, the crypto market will spend most of 2019 building a base around $5,000 or $4,000.
 
If the graph is fractal, at the end of 2019, the market will begin to grow and continue its growth throughout 2020 to explode upwards in 2021.

If you look at other price charts now even at the current date and in another market you will see that they have the same price movement. Yes there are similarities with one another as we are now on a bearish market which was given to us by the market cycle. Even if there are similarities with the past chart it doesn't mean that the outcome will be exactly the same, you cannot simply have a conclusion like that just by looking at their historical charts, it simply just makes your prediction very inaccurate. You cannot even call what you are doing as an analysis.

the only thing that this picture proves to me is the power of belief. that is in human nature. it is used everywhere too. for example the Placebo is a known fact in medicine where a patient who takes sugar pills is cured because of it!
in the market the same thing is true based on my observation and this picture proves it too. people kept on believing that the "bear market" must last as long as the last time. so when the price was stable, when the accumulation was on the way and lasted months, they still didn't move a finger because they believed in a prolonged bear market instead of a normal market where it has a reasonable length bear market.
and now we have the manipulation which is actually going to prolong he bear market for real. so in a way they got their wish :D

I love the saying "there is a chart for everything that happens in crypto". There really is a chart for everything, you can use a shorter chart, a longer chart and see totally different stuff but if you manage to keep it juuuuust right there it looks like its similar.

I have seen "similar" charts for years now, it never does the same thing at all. There was people calling the price to go way way up just a month ago showing how it is similar to some other year and than showing same will happen, it really didn't happen, on a huge scale. So once again, bitcoin is not about charts, never believe in charts, charts will never tell you what will happen to bitcoin. All you have right now is hoping whales will buy bitcoin and make it higher instead of whales selling bitcoin and making it lower.

Well we can believe chart because it is the record of what had happened to the price, but then I believe it will never tell us what will happen in the future since Bitcoin market defies it.  Anyway, this is just the same cycle from pump to dump to pump, so the same thing will happen after this dip.  When it reach the bottom, it will surely recover.  That is the cycle and it will never break.

Yes, and I'm staying positive myself, but how high could bitcoin's price rise by the end of 2019? Do you think this $4000-6000 will stay as the new normal for bitcoiners next year? Can we expect a little raise, maybe up to $10k, hopefully?

Its almost the same chart but year 2018 in terms of growth and regulations are really different this year btc enters the stockmarket (etf) and bakkt futures that making this year more fun than in 2013 and stated in some comments above I dont believe that 2014 is 2018 today and 2015 is same as in 2019 I hope more exciting happenings in the next year not happened in previous years.  

Just look at the scale, market cap is 50 times bigger now.

Here's the potential problem: everyone will be expecting this due to what happened last halving, and not everyone can become rich in 2021.

Some people dont want to be rich, they just dont want to be enslaved.

I dont see they are that similar. But I also dont see a reason why would be hat different.   Those two charts are totally fine.

Let's put it this way..

You should not set a target date for such expected price target because it will destroy your expectations. If you truly believed that bitcoin will soon bounce back just let the progress run and do your assignment on how to take advantage of it.

If your purpose is to just hold, then you must work on acquiring on it no matter the method is.

No one knows what will happened in the future. Set a goal and stick on it.

Yeah man we are quite happy and hopeful as well. Bitcoin would touch this big amount very soon. On this Christmas, we would be seeing the sparking amount by bitcoin. Just wait and watch.

My opinion is that comparing Bitcoin charts is a waste of time!
Cryptocurrency has such a weak stability that it can either explode by raising the rate, or slide down in a very short time. ;)

no it won't. you know why? it is because everyone you see is only positive about bitcoin when it comes to "talks" but when it comes to taking action, they are all waiting for others to make a move first. in other words you say you are positive but you are not buying bitcoin because you want to first see the rise start then buy it.  that is why the price is not yet moving up despite the social media being filled with people talking about how this is good and how they are buying :D

But the price is difference because price of 2013 is low compared to 2018 let we say bitcoin now decrease but it will very high still if we compared value of the bitcoin in the year 2013 from this current year it is totally big difference to each other.