Bitcoin Forum

https://imgur.com/pCQQaq4

Please refer to this picture i posted on imgur.
I recently checked the graph of bitcoin from the past and this is what i notice. On the year 2013-2014 where the bitcoin first biggest pump if i'm not wrong, it has mostly identical graph of what we had last year 2017-2018 where we had the highest price of bitcoin. Would you think that it will be the same of what happened on year 2013-2014 that it would continue to go down for a year again? or it will pump back again before this year end?

you are wrong. it was the only "pump" that bitcoin had because of MtGox and their control over 85% of the total volume.
as for the "rise" it was the 4th or 5th biggest rise that bitcoin had in a short time. but the highest price value that reached util that day.

nothing about the two trends are even similar let alone be identical!
the 2013 rise happened in less than 1 month. the 2017 rise was a long rise which happened over more than a year.

there is no way to know for sure but for now months has gone by with the price being at this level and seemingly at the bottom which is more like the end of 2014 and start of 2015 $200 bottom to me.

bitcoin is not a pump and dump to pump again.

This is human psychology that if we invest somewhere that we guys are little possessive about this and got worried even with little deflation in the valuation of that investment but on the same hand we must also aware of this fact the bitcoin investment are the most volatile one and therefore their valuation keeps on flactuation and varies according to market demand and supply so if the valuation was high in last December’s month and has now been deflated so there is nothing to worry about as there are assumptions that valuation will again inflate in coming months of this year.

if it go by that cycle. i think every people win get rich man. all is your guess. but i hope your guess true bro. let's ;D hope