Welcome back 2014!

[bamboylee]

It recovered very quickly so there is nothing to be afraid of. It is just a normal market reaction. Remember the price quickly shoot to 1100+ just a few days ago. It is expected that there will be correction. It may still drop some more but when that happens, it is a perfect opportunity to buy not to panic.

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[Kevin77]

The prime reason for 2014 fall down must be collapse of mtgox. As long as we are not facing any similar bitter things, we are no where going to experience 2014 again. There are lot of development with respect to bitcoin adoptions hence these bumps might lead to sustaining price levels.

Today's pullback was just a part of bitcoin's usual higher end fluctuations, certainly it will not trigger anything similar to 2014.

[DefendKebab]

Lol so many bagholders who bought above 1100  people never learn, I think de price will go back to 500/600 dollar range and stay there for a while.

Bitcoin will never reach 800 or 600 again ? i heard that before    a few months later the price hit 240 dollar.

[trigger1975]

The prime reason for 2014 fall down must be collapse of mtgox. As long as we are not facing any similar bitter things, we are no where going to experience 2014 again. There are lot of development with respect to bitcoin adoptions hence these bumps might lead to sustaining price levels.

Today's pullback was just a part of bitcoin's usual higher end fluctuations, certainly it will not trigger anything similar to 2014.

Indeed MtGox was hard for the price in 2014 and dropped the price even lower that time.  But the collapse started before MtGox and it dropped rapidly and it I assume it would also (maybe not that low or not that fast) without MtGox.  Let's see where this ride is going now.

//alex

[angaper]

I think the current conditions are very different from those experienced then, because in 2013 we did not have any reference about what could be the limit on the price of bitcoin, but now we do have a reference in that matter, so a market correction  was highly expected around $1,100. I would rather expect a gradual recovery in price next days to $1,100 again, with a extended stay at that level.

[trigger1975]

Nice zig-zag pattern … Not really sure how to interpret this right now.



What do you guys think?

//alex

[rickadone]

I think the current conditions are very different from those experienced then, because in 2013 we did not have any reference about what could be the limit on the price of bitcoin, but now we do have a reference in that matter, so a market correction  was highly expected around $1,100. I would rather expect a gradual recovery in price next days to $1,100 again, with a extended stay at that level.

Yes, this is the second time and that this alone more than enough to differentiate the current situations are not the repetition of 2014. Moreover the strong bitcoin adoption and interests of from China investors will not let bitcoin to fall down anything happened in 2014.

[diegz]

Keep calm.  if you haven't invested real money in bitcoin, you should have no reason to panic sell what's on your stash. This isn't the same as 2014 crash, and I think we most of us is expecting this since the price surge from December is already over, same as last year, when the December fever was over, there was a drop, just got worsen by the drama and the heist that happened.

Probably a repeat of history but not a hard fall since the community already learned and just look at the price movement as an opportunity. I think we will be having a long boring little price movements from now on.

[Zigsss]

Its a bit like 2014 indeed but I think that this one is better because its going slower and on a more stable way most likely.

[Febo]

Here comes the crash .This is the problem with people panic selling. bitcoin price falling down now lol.It was 950$ on btc-e and i refresed the page 5 minutes later and down to 876$. I am a lifetime bitcoin holder and i can take it.I know it will rise again.what do you guys think? i think now price will reach back 600$ in no time. :/

I dont think we are ready for 2014. at least not yet. And there was no crash, price just steadily declined whole year. More drastically in second half.

As I said we are far from 2014 right now. We will still see a lot of rise in Bitcoin price before 2014 will come back. It is more likely 2014 will happen in 2018 then in 2017.

[Barbut]

This is nothing like 2014. What we had was a healthy correction and soon we'll rise again.

I hope you are right, this price decrease is torture for all of us here. I wasn't here 3 years ago, but on the chart's we are much here then before, and I doubt that price will fall drastically.
Let's wait with conclusions about the price, I think we still are not so far from last halving, bitcoin needs time to fins good foothold.

[unknown04]

No, 2014 is not coming back. I don't think it will. In fact, it's more stable now and stronger. It possible to go up again to $1k+

Don't you think the situation right now it's almost the same like when we're at $700+... it goes up and down but stays within $700. So I think it is quite healthy now.

[pealr12]

Here comes the crash .This is the problem with people panic selling. bitcoin price falling down now lol.It was 950$ on btc-e and i refresed the page 5 minutes later and down to 876$. I am a lifetime bitcoin holder and i can take it.I know it will rise again.what do you guys think? i think now price will reach back 600$ in no time. :/

No more crash ,no more panic selling ,bitcoin will stay above 800$  forever.  Bitcoin is only playing at the price of 800$ and up,and it will surely goes up after months .  The target price would  2500$ within this year. Collect and hold thats the best thing to do right now.

[RealityTruth]

All these opinions doesn't really matter if it's not even possible to buy more coins if the block size issue is not solved soon.

[BartS]

Here comes the crash .This is the problem with people panic selling. bitcoin price falling down now lol.It was 950$ on btc-e and i refresed the page 5 minutes later and down to 876$. I am a lifetime bitcoin holder and i can take it.I know it will rise again.what do you guys think? i think now price will reach back 600$ in no time. :/

I don’t think the price is going to crash that much because difficult times for the world economies loom ahead and this will only reinforce bitcoin by showing to the world how frail the economic system really is.

[Nahl]

i wouldn't say no for bitcoin because i still remember that from $1200 the price could dropped at $300 below but i think big crash won't happening this time because the price still steady at $900 however i have feeling that this year would be different and probably the price won't back to $600 at least for next several months

[alyssa85]

The price tanked in 2014 because of the MtGox fiasco, which hurt confidence (plus lots of people lost money).

And in 2016, the price dropped a bit when bitfinex got hacked.

Hopefully the exchanges have learnt lessons and have beefed up security and have taken out insurance. Confidence in the infrastructure is bitcoin's main weakness.

[iqlimasyadiqa]

i wouldn't say no for bitcoin because i still remember that from $1200 the price could dropped at $300 below but i think big crash won't happening this time because the price still steady at $900 however i have feeling that this year would be different and probably the price won't back to $600 at least for next several months

everyone did not want to hope so. everyone would like to hope that the price of bitcoin will be increased significantly.
due to the price increase will make bitcoin getting bigger in the world financial system.

[afbitcoins]

Back then the US government was selling thousands of bitcoin taken from silk road in auctions. That was an oversupply and price dropped. Thats not happening now

[trigger1975]

When this thread and the first crash after bounce back from ATH started, I was thinking: no, Jan 2017 is not 2014!  History does not repeat.  But today I'm no longer sure.  First ATH bounce back, today this news: https://qz.com/881373/bitcoin-btc-price-crashed-because-of-notices-issued-by-the-peoples-bank-of-china/.  If MtGox would still be alive, I'd bet now, they are defaulting in a month.  Now, any exchange going to be hacked or defaulted now?

//alex