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Title: ㅤ Post by: Symmetrick on July 13, 2021, 10:23:11 AM ㅤ
Title: Re: Bitcoin Retrospective for 2020 Post by: RainbowKun on July 13, 2021, 01:31:22 PM How do you remember 2020 in terms of bitcoin? For me, the most impressive thing in 2020 is the Black Swan incident on March 12. At that time, COVID-19 began to spread around the world, and various assets also began to plummet. U.S. stocks fuse repeatedly, and oil prices are upside down. Bitcoin has not escaped this black swan crisis. The liquidity of Bitcoin has been in crisis. The price of Bitcoin has dropped from more than 7,000 US dollars to 3,600 US dollars. In my opinion, this is caused by many reasons. Market panic psychology, Bitcoin liquidity shortage, Bitcoin leveraged serial liquidation, and some panic selling pressure in the spot market, etc., collectively caused 312 tragedies. I believe that this will be remembered in the history of Bitcoin's growth in 2020. Title: Re: Bitcoin Retrospective for 2020 Post by: Yogee on July 13, 2021, 02:37:51 PM It's hard to think of something significant that happened in 2020 other than the effect of covid-19. Maybe the fake news about the bitcoin double spend published by a news article? It's still part of the pandemic effect but it rattled some of the new institutional investors and educated them at the same time when that "news" was debunked.
Title: Re: Bitcoin Retrospective for 2020 Post by: Lucius on July 13, 2021, 02:57:46 PM In 2020, several things will be remembered, so although maybe someone will single out something else, these are the most important events for me.
Title: Re: Bitcoin Retrospective for 2020 Post by: Ararbermas on July 13, 2021, 03:24:21 PM Perhaps 2021 is not as successful as 2020, but I am sure that 2022 will be much better. actually bitcoin never failed to show a good results after all the hard time wherein even before , so i do believe it will never fail us who truly believe in it as long as the price itself is still at the higher range than other crypto currency in the market.. Indeed way back 2017-2019 even the price isn't expensive that time it survived and look what it's now... There's a big improvement.. so how much more in the future.? For sure there's more surprises . ;)Title: Re: Bitcoin Retrospective for 2020 Post by: pawanjain on July 13, 2021, 03:56:51 PM That is indeed something worth noting because the 2020 was definitely not an ordinary year. Despite the pandemic bitcoin proved it's worth.
I will always remember 2020 for two things. One is obviously the pandemic and the other is bitcoin because 2020 is the year when too many people started to acknowledge what bitcoin is all about. The hype was real and we all know how the institutions kicked in pumped up the price. Title: Re: Bitcoin Retrospective for 2020 Post by: NeuroticFish on July 13, 2021, 03:57:41 PM What comes to my mind without thinking too much would be:
* the halving * the institutional money starting to flow in * the long awaited lift off for the price Title: Re: Bitcoin Retrospective for 2020 Post by: Review Master on July 13, 2021, 05:37:10 PM Like others, black day of bitcoin from 2020 will always be remembered as well as halving was the best event which is awaited by all crypto users to see another rebounding from the bottom. Best moment was in December when bitcoin was going to make a new ATH just like previous bull season of 2017. In that time, i as well as others was excited about breaking the previous ATH so that bitcoin could make a new history by hitting a new ATH. ;)
Title: Re: Bitcoin Retrospective for 2020 Post by: buwaytress on July 13, 2021, 05:51:32 PM Only March sticks out for me, if I'm honest. Everything else was just random noise, but I have to say I can even remember being online when it happened, was work and we had a lot of people panic (remote shit so I see a lot).
On a personal note, the year end was pretty cool too, a lot of excitement, holiday mood, in the final month of my old job, and pandemic Christmas, but all kinds of optimism happening around Bitcoin in general. That was also when I sold a significant bunch of BTC so I definitely remember a bit of that reluctant pain/joy ;) I also know quite a few others who did the same, for a new house, new life, etc. We all knew the real rally was coming but also wanted to enjoy a little. Do you think a lot of people did the same? Title: Re: Bitcoin Retrospective for 2020 Post by: Shenzou on July 13, 2021, 07:27:56 PM I personally think that the year 2020 is the year we saw the rise of the crypto, with the pandemic of course shutting down a lot of the systems during the first months of the year, but by the end of the lockdown i feel like companies and investors were open to trying a lot of new things, since the option of working from home started becoming a viable option, new ideas have been put on the table, and cryptocurrency seemed like a good option since online shopping has become more used back in 2020 so adding bitcoin and other crypto payment options was a good option.
Title: Re: Bitcoin Retrospective for 2020 Post by: swogerino on July 13, 2021, 08:20:50 PM Well I am one of the persons who only remembers good things and tend to forget bad ones,so I only remember the new ATH and Institutional money flowing in.That was the reason I invested in February 2021 in a new powerful GPU-mining rig which I mine Eth and convert to Bitcoin some of it.It was the year,better the end year that December 2020 that gave us all the hope we needed for so long after a brutal pandemic like the Covid 19.For me is cheers to more Decembers like that to come and hopefully starting with the 2021 one.
Title: Re: Bitcoin Retrospective for 2020 Post by: buwaytress on July 14, 2021, 08:20:28 AM Do you think a lot of people did the same? Maybe yes. I also brought out a good piece of my bitcoin reserves in the new year. But after bitcoin flew above $28 000, I began to accumulate more than spend. In any case, I don't want to. Even selling at $20 000+, it was still a good profit for me. :) Yeah, that's what I thought too. I know it's just anecdotal evidence, but I was sure there was a lot more to coincidence that not a few of us started to sell when ATH broke -- even though we believed the rally was just beginning. Selling today would still have made me a significant amount more, but in my case, waiting for the ATH would have been not worth it either (because the price of what I bought actually went up even more, if you can believe). Time to sit for another few years, eh? Title: Re: Bitcoin Retrospective for 2020 Post by: Kong Hey Pakboy on July 14, 2021, 10:10:39 AM 2020 was an eventful year for the bitcoin market as the price touched its lowest since 2017, but again when other stocks were down because of the covid-19 pandemic, Bitcoin could still gain mainstream adoption and institutional investors with visa cards and PayPal co-operation it paved the way to what we have seen in Bitcoin price this year 2021. We've been saying that for a long time now, that bitcoin is going to be on the mainstream anytime soon and I don't think that it's going to happen this year even though El Salvador did a trending thing where they made bitcoin a legal tender.Let's see how events will develop at the end of the year. Many believe that by this time Bitcoin will try to storm ath again, and maybe even break it. If on New Year's Eve the price is about $50 000, I will be incredibly happy, although I am preparing for less joyful prospects. In any case, if bitcoin is worth more than $20 000, I will be in a good profit. I think bitcoin is going to be do a one last pump this year even at one month left before 2022, I hope that it does pump up before the end of the year.But then I will continue to accumulate bitcoin and wait for better times. I don't want to repeat the mistakes of 2017-2018, selling all bitcoin for next to nothing. Title: Re: Bitcoin Retrospective for 2020 Post by: buwaytress on July 14, 2021, 04:09:42 PM Let's see how events will develop at the end of the year. Many believe that by this time Bitcoin will try to storm ath again, and maybe even break it. If on New Year's Eve the price is about $50 000, I will be incredibly happy, although I am preparing for less joyful prospects. In any case, if bitcoin is worth more than $20 000, I will be in a good profit. But then I will continue to accumulate bitcoin and wait for better times. I don't want to repeat the mistakes of 2017-2018, selling all bitcoin for next to nothing. Gotta say it's still looking like it, yeah, although there are already those prepping to sound the death knell for this rally, seeing them news items and analysts coming out the woodwork already. I'm in the same "happy if more than 20k" boat, but I have to confess, it will be an underwhelming year if we see 2022 without celebrating another ATH first. Title: Re: Bitcoin Retrospective for 2020 Post by: hd49728 on July 16, 2021, 02:31:01 PM 2020 is an eventful year for Bitcoin.
- Crash in March. Bitcoin Price ‘Likely’ Bottomed in $3.7K BitMEX Crash, Says Tone Vays (https://cointelegraph.com/news/bitcoin-price-likely-bottomed-in-37k-bitmex-crash-says-tone-vays) - Halving in May. ‘History Has Repeated’: F2Pool Explains Message in Last Block Before Bitcoin Halving (https://www.coindesk.com/history-has-repeated-f2pool-explains-message-last-block-before-bitcoin-halving) - Institutional investment. Number of Institutions Buying Crypto Futures Doubled in 2020: Fidelity Report (https://www.coindesk.com/institutions-crypto-futures-doubled-fidelity-report) On-Chain Data Suggests More Institutions Are Buying Bitcoin Over the Counter (https://www.coindesk.com/institutions-over-the-counter-bitcoin-trades) - Break out the cap of 2017 All time high. Bitcoin Tops $21K, Blowing Past $20K Record as Analysts Remain Confident of Future (https://www.coindesk.com/bitcoin-price-breaks-20k) More but for me, above are memorable events in the last year. Title: Re: Bitcoin Retrospective for 2020 Post by: Roy Asher on July 17, 2021, 01:21:55 AM In May 2020, the BTC block reward was cut in half, and this kind of event only happens once every four years.
Next is the CEO of JPMorgan Chase, who warned Bitcoin enthusiasts that if the market value of Bitcoin continues to grow, the United States will take action to regulate BTC. Finally, in mid-December, Bitcoin broke through $23,000, and every Bitcoin enthusiast has made considerable gains. Title: Re: Bitcoin Retrospective for 2020 Post by: Keila Faith Villanueva on July 17, 2021, 01:34:35 AM The most memorable impression was in the earliest March, when the entire crypto market was turbulent due to the "Black Thursday" event. The market turmoil has brought many problems, the most important of which is the liquidity of Bitcoin. The reason is that there have been some instabilities in the trading platform, which intensified panic in the market and caused prices to continue to fall.
But Bitcoin has announced countless times that its death is imminent, and each time it will return as a king and set a new high. 2020 is the craziest year. I will always remember this important moment. Title: Re: Bitcoin Retrospective for 2020 Post by: davis196 on July 17, 2021, 05:53:55 AM Is the summer of 2021 the right time for a 2020 retrospective of Bitcoin?
Wasn't January 2021 more suitable to make such posts about "what happened to Bitcoin in 2020"? ;D We all know that the March price crash,the halving and the December bull run are the most memorable moments for Bitcoin in 2020. I don't think that the Bitcoin market has matured that much,because the trolling from Elon Musk in 2021 caused the price to crash.If the traders were more mature,they wouldn't fall into the panic selling trap. Title: Re: Bitcoin Retrospective for 2020 Post by: Wendy Simth on July 17, 2021, 08:34:31 AM The most memorable thing for me is that prices fell by half in March. I remember that I was in a panic, and there was news that it would continue to fall to 1500k. Unfortunately, I was stupid to believe this statement. Then I lost half of my bitcoins and sold them.
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