Bitcoin; Then and Now

[davis196]

Can we please stop with all the comparisons between the 2017 crypto market and the current market.
2017 was a completely different time for Bitcoin and the cryptocurrency markets in general.The 2017 Bitcoin bull run was caused by totally different factors,than the factors causing the current bull market.
Yeah,I know that the 2017 ATH price and the current ATH price are historical events for Bitcoin,but we should be more focused around the future of Bitcoin,because the best is yet to come for BTC.

[Oasisman]

I don't think any crash would happen either, judging at how Bitcoin has been moving this few days. I have seen Bitcoin jumping back and forth hundreds of dollars from $34,000 down to $29,000 and vice versa. That only means the demand are still there even with the high price. Investors kept on buying Bitcoin as they were overwhelmed with what Bitcoin have reached today. Though some short traders and weak hands are dumping, but it doesn't have a huge effect on Btc's price.

[shoreno]

I don't think any crash would happen either,

last day when i check the price it was 34k usd , that was at january 3 2021 but now we are at 30k something . 4k is a big loss to me and it just as equivalent to a crash . whats worst is that the price seem to be stuck and it looks like it was even going down more , omg no please but i beleive on the power of bitcoin  .

bitcoin wont let me or everyone else down .  btc dominance is lower now than compare to where it was 4 years ago but why we have a bigger price now ? hhmm

[amishmanish]

--snip--
2021 is certainly going to be that year when people will constantly be checking their apps for market prices.

Is it just me or having gone through the ICO craze and 2017 ATH makes you mellower as you get older in the BTC ecosystem? I am not checking prices constantly, at least not as much as I used to back in 2017 trying to catch some 10X, 100X with an Alt-coin like everyone else kept saying that they did.

This whole thing has now run away pretty fast from the reach of common people. Those who make money in crypto now are either already very rich or those with the technical know-how to launch products. The first  category is sure to make money if they know where they are putting money. The second may or may not make money depending on how big they get. In that sense, crypto is now just another way to "hustle".

[Mpamaegbu]

You could be wrong and all of us will do the same. Nobody thought also that $33,000 has to reach, the same as I think that we hardly touch $25,000 from scratch to a very expensive crypto coin in the market but it was given the chance and here we are now.

Truth be told, I was only trying to be modest with my comment that I could be "wrong", actually I believe "I am far from thinking that the market will experience a crash now." The reason I stand by that is my 2017 experience. If anyone cared to check the historical data of 2017 you would notice how Bitcoin rose steadily all through that year until Dec 17 (4th quarters) before Bitcoin began its descent. We are just in the first quarters of 2021 (which is another post halving year). It's not as if we wouldn't have corrections here and there in 2021 but it isn't going to be a crash anytime in this first quarters.

Is it just me or having gone through the ICO craze and 2017 ATH makes you mellower as you get older in the BTC ecosystem?

It's the result of your years of experience that has got your emotions under control now.

[Oasisman]

I don't think any crash would happen either,

last day when i check the price it was 34k usd , that was at january 3 2021 but now we are at 30k something . 4k is a big loss to me and it just as equivalent to a crash . whats worst is that the price seem to be stuck and it looks like it was even going down more , omg no please but i beleive on the power of bitcoin  .

If you read the whole content of my comment, I stated there that Btc is literally jumping hundreds of dollar back and forth, and I won't say it's a crash. $4k might be a huge figure, but If you consider how volatile Btc these days, $4k doesn't seem like a huge figure that you'll identify as a crash. Instead, that's just a correction as always expected during this bullrun, since there are actually a lot of people that are expected to sell their bags.
Btc's price wasn't stucked. Take a look at the market, Btc is still very volatile that it will literally gain or lose a thousand dollars or more in less than 30mins.

[AniviaBtc]

It's good to see bitcoin back on it's feet with a stronger force this time. Most of the expert traders predict bitcoin to have a stronger bull run this time and will push bitcoin ATH to a greater level in 2021.

It is not that bad to hope for the better unless we are prepared when it didn't meet our expectations.

Bitcoin can really reach $50k this year but it is not a guaranteed thing that it will surely occur and we don't know when this bull run will last.

But they said that "most of the expert traders", maybe they are really confident about the things that can happen in

We can even see bitcoin crossing $50k this year because the technicals are that strong.

Technical Analysis these days are really much effective that's why there are a lot of people who buy bitcoin at a price of $19k.

[Mrsonutiten]

In 2017, I bought my first batch of bitcoins at 6500$ Today, that investment is worth 30,000$+ Dollars. And I’m not the only Indian to have benefited from the bitcoin really over the last few years.

I was worry of bitcoins when I first learned about them from a friend’s Facebook post in 2016. For two Month's, I argued with my friend about the shortcomings of the cryptocurrency. For the longest time, I thought it was some sort of a ponzi scheme. In hindsight, I am glad that I eventually had a change of heart.

What cryptocurrency did is something interesting. It helped me contextualize my life, it opened new semantics for many a business idea. I could now connect dots and see the common strand of all the ventures I did earlier

[Yatsan]

There are really lots of happenings that have occured ever since that year of crash way back 2018 after the prosperity of reaching its first recorded ATH on the late months of year 2017. Right after the crash that have caused many people who have invested on Bitcoin peak price have suffered on great loss and become impatient and doubt the capability of Bitcoin to rise up once again which makes them pull out or withdraw their investments just to save up their balances for greater losses. Now that we are in the year 2021, wherein Bitcoin have attained new ATH breaking through $30,000 price mark, people are already anticipating and foreseeing the possibility of a bubble or correction to happen just like what have happened way back 2018. Many people are believing that this year will be a great year for Bitcoin which is a good indication of having high hopes but still we must be open for any possibilities that may come if it will continue to rise up or the other way around.

[Mpamaegbu]

This, really, is a milestone. The total marketcap, according to data from coingecko actually crossed the 1Trillion mark today with Bitcoin hitting $36,994. It's a wow moment for the crypto industry.

[verita1]

I think there will be people who cannot buy bitcoin because they have limited money to invest and prefer altcoins. If you realize the Treding searches on Coingecko and Coinmarketcap are for altcoins. All these elements are useful to know the preference of the people as well as the trends of the exchanges.
Fortunately for Bitcoiners we are having a good time, the important movements of 2020 are taking effect.

[LimLims]

Normally during off days or non- working days or specially during holidays, the price normally goes down.
But this time BTC played completely a new character.
Rather going down it went up and up. Still it’s increasing and now the price is freaking crazy.
I don’t think market will crash until and unless Bitcoins touch 50k USD Mark.
Let’s wait and watch how far we will be lucky.

[Lordhermes]

Normally during off days or non- working days or specially during holidays, the price normally goes down.
But this time BTC played completely a new character.

The festive period did affect the price but this case was different, in as much as Bitcoin is visible to more and new investors in the industry, Bitcoin value is going to be rising and more demanded, recently news in the BBC news about the high spike in Bitcoin some few weeks ago makes the masses be aware of how Bitcoin had been benefitting the early investors, so the more visibility the more demand, the more rise.

[Alucard1]

And now it already reaches the coinmarketcap with trillion which is amazing for the world of crypto and a great thing for the community. https://www.coindesk.com/cryptocurrency-market-value-record-1-trillion
The year 2017 and this year are quite different and it won't get back to $10000 because a lot of people are now being attracted to the community because of the value of it right now. A good move for the investors who grab the opportunity when the value of bitcoin goes down up to $3900 and did not do panic selling.

[cat22]

A paused Bitcoin price rally has increased its probability of undergoing a major pullback, as per independent analyst Vince Prince. The TradingView.com contributor said Monday that there is a 35 percent chance that the Bitcoin price falls in the coming sessions, citing a textbook technical indicator that foresees bearish reversal patterns.

[michellee]

Normally during off days or non- working days or specially during holidays, the price normally goes down.
But this time BTC played completely a new character.
Rather going down it went up and up. Still it’s increasing and now the price is freaking crazy.
I don’t think market will crash until and unless Bitcoins touch 50k USD Mark.
Let’s wait and watch how far we will be lucky.

I hope that too. If the correction happens, I hope that the drops will not be too deep, so the price can increase and break the other higher price. I like the bitcoin price movement because the price does not jump too fast, and the increases try to slowly break the highest price. And many of us amazing to see how bitcoin price moves. I expect to see bitcoin price can break $40k because I think that will be the next target of bitcoin price before it will reach $50k.