Historic BITCOIN recovery. will it be 5000% next?

[1Referee]

I cant wait to see that guy eat his testicles on live TV or whatever.

McAfee will just claim it was a 1:1 impersonator having said that, just like he claimed that his account got compromised when promoting utter shitcoins. We just have to accept the fact that the market has gone up too fast, and that the (understandable from that perspective) incompetence of this ecosystem mirrors exactly that. Important words to point out is that if we were to touch $5000 today as all time high, everyone would be jumping a hole in the sky from happiness, but now we have gone down back to $8000 levels, the market makes people feel bad.

It's the pscychological nature of people that makes them feel bad. Great example is when people make like 500% in profits by selling at $10,000, they will feel very bad when they see that the market keeps increasing to $12,000 and beyond, and that while they made massive profits. The only bit of satisfaction comes from selling at the top, where people then see the price keeps tanking.

[1714873126]

1714873126

[fulmetal08larz]

We may be able to witness BTC gaining momentum gradually until another all time high around summer of 2018. There are a lot of factors now that are pulling BTC down, FUDs are spreading like wildfire in mainstream media but we always know that BTC will prevail and what doesn't kill it will only make it stronger.

[wuvdoll]

I don’t know but as a HODLER it’s pretty upsetting seeing the price crash so much. I know it always recovers but it’s worrying seeing this at the moment

It is. I also have a few coins and I'm not going to sell them now, because I'm still optimistic in long term. The recovery, however, may easily take a year...

It was that optimism that kept the old early adopters kicking it good and holding till date.
I never looked at it in that direction OP just did and for those noobs who have been crying wolf; this should possibly help them to have a reason not to panic.

It is always good to look at the long term than now, so that is what it is. After this correction, as I would not want to assume it to be a crash, but let's say what if it ended up a crash, then, the post-effect is one to expect. That huge percentage though? Hmm. I guess we have to just keep watching.

[komjhq]

We may be able to witness BTC gaining momentum gradually until another all time high around summer of 2018. There are a lot of factors now that are pulling BTC down, FUDs are spreading like wildfire in mainstream media but we always know that BTC will prevail and what doesn't kill it will only make it stronger.

uttist evening together a lot of media distribute such a thing that Bitcoin is practically like a financial pyramid and so many people are afraid to deal with crypto currency.

[gatti]

If the price of bitcoin is raised as like your calculation or assemption,I will get excited.All the long term holders will become a millionaire or billionaire.So just hold the bitcoin.

[raven7886]

I don’t know but as a HODLER it’s pretty upsetting seeing the price crash so much. I know it always recovers but it’s worrying seeing this at the moment

If you are a holder with experience you should be glad that is happening. Each time after the price drop occurs when the pump and the price of bitcoin skyrockets. Have patience and you will be rewarded.

For him being a legendary right? Not everyone have the spirit to withhold moments like this and still keep holding but like you said, at least if it is not a bought account, times like this should have been a familiar one and an easy moment for any legend, unless you just wished you had cash out to trade and make profit like the institutions. OP has given us something to look forward to anyway, so I am looking forward to how the recovery of this one is going to be like.

[Hans17]

what everyone keeps talking about these days (which is during crash) is how big crashes used to be and how big it will get now,...
example: Historic BITCOIN crash

but something is neglected in my opinion and that is the recovery that always comes after these "crashes". so lets assume this is a crash and i don't care how low it may or may not go. lets talk about the recovery, whenever that might be:

here are some examples based on bitstamp prices:
2012 recovery, August: $2.25 to $16.41 => 629%
2013 recovery, April: $7.1 to $259.34 => 3552%
2013 recovery, December, also a fake pump: $45 to $1163 => 2484%
2016 recovery, June: from $152.4 to 778.85 => 411%
2017 recovery, December: from $465.28 to $19666 => 4126%

where will it go to in the future after the recovery? 5000%? to $400,000?

Agreed to this article but somehow it will pump up I think this 2018 , but the fact is the bitcoin price is going down the value of bitcoin is low and still decreasing. Hoping and looking forward to pump up again , but despite the price or value of bitcoin , all we can do is predict.

[timerland]

what everyone keeps talking about these days (which is during crash) is how big crashes used to be and how big it will get now,...
example: Historic BITCOIN crash

but something is neglected in my opinion and that is the recovery that always comes after these "crashes". so lets assume this is a crash and i don't care how low it may or may not go. lets talk about the recovery, whenever that might be:

here are some examples based on bitstamp prices:
2012 recovery, August: $2.25 to $16.41 => 629%
2013 recovery, April: $7.1 to $259.34 => 3552%
2013 recovery, December, also a fake pump: $45 to $1163 => 2484%
2016 recovery, June: from $152.4 to 778.85 => 411%
2017 recovery, December: from $465.28 to $19666 => 4126%

where will it go to in the future after the recovery? 5000%? to $400,000?

It definitely could go that high. It's bitcoin and it's already exceeded so many people's expectations since the beginning. And we're not even close to having bitcoin mass adopted by users, as in there is a ton of potential to be found still here.

I think that after this dump, and potentially an upcoming bear season, the pump that we'll experience won't be on par with the 2016-2017 pumps. We may go from $6k to $60k, a 1000% jump, but I just don't feel like 40-50x is going to happen again.

But again, who expected this current pump to happen in the first place? Absolutely no one. Even the most optimistic bulls didn't expect BTC To go to nearly $20k.

[CryptoBry]

There is now a need to maintain some composure and confidence on Bitcoin that it will still be following its history of dump and pump at this point of time. While it is quite understandable that many would be losing faith and will discourage with Bitcoin, this is all part and parcel of the cryptocurrency experience -- it can even also happen with other investing tools so we should not anymore be surprise though the pain will always be there especially for small buyers like me.

[Denker]

I don’t know but as a HODLER it’s pretty upsetting seeing the price crash so much. I know it always recovers but it’s worrying seeing this at the moment

This is what hodling is about. In hype cycles we celebrate everyday when the price is getting higher and higher. And in doom cycles it turns our stomach to rot.
Nobody should say hodling is easy. Because it definitely is not!
Going through these ups and downs, especially if you are constantly buying Bitcoin over the years always is a mental challenge.
Even if you hit $20k you feel it hard to sell some of your coins because it could go higher and higher.
And if like now the opposite happens, well Mr. Hindsight comes into your mind "if I only had...". Sure looking at your portfolio right now can hurt a lot.
On the other hand: It's not just you. It's the majority of us and we're all in the same boat. Therefore: Stay strong!

[zarados]

what everyone keeps talking about these days (which is during crash) is how big crashes used to be and how big it will get now,...
example: Historic BITCOIN crash

but something is neglected in my opinion and that is the recovery that always comes after these "crashes". so lets assume this is a crash and i don't care how low it may or may not go. lets talk about the recovery, whenever that might be:

here are some examples based on bitstamp prices:
2012 recovery, August: $2.25 to $16.41 => 629%
2013 recovery, April: $7.1 to $259.34 => 3552%
2013 recovery, December, also a fake pump: $45 to $1163 => 2484%
2016 recovery, June: from $152.4 to 778.85 => 411%
2017 recovery, December: from $465.28 to $19666 => 4126%

where will it go to in the future after the recovery? 5000%? to $400,000?

Based on the data you presented above, it shows that 2017 is the year in which there is a very significant bitcoin increase from the beginning of the year and I also believe that last year bitcoin managed to steal the attention of people around the world by successfully penetrating the number $ 10k even directly to $ 20k . Although bitcoin is currently experiencing a correction that makes panic, they should be aware that this is still early 2018 and there are still 10 months left to gain another 2000%.

[trickyriky]

I doubt that people will be ready to pay so much money just to get 1 Bitcoin. BTC will cost much more in future, more than 9K, but not 100,000 or even over it.

[Tyrantt]

Didn't Van-Petersen predict the price of $200.000 in 2018? He got some price predictions in 2016/2017 right. Who know, no one expected that jump in price in 2017, so might as well happen after this price fall.

Found some article that predicts the $100.000 price in the 2018 here, and I see that happening this year for sure, maybe even $150.000+, but everything over that hardly or maybe for a short period of time.

[Apraksin]

But again, who expected this current pump to happen in the first place? Absolutely no one. Even the most optimistic bulls didn't expect BTC To go to nearly $20k.

Speak for yourself, this is the explosive natur of the BTC growth cycles and frankly I expected it to go higher this time. Next cycle will easily pass 100 k.

[Biodom]

I cant wait to see that guy eat his testicles on live TV or whatever.

people were making fun of Tim Draper when he bought at $600 and predicted (at that time) 10K in 2017, especially when it went to $175. That said, I don't expect 500K or 1mil in 2020. Too soon.

[talkbitcoin]

I cant wait to see that guy eat his testicles on live TV or whatever.

people were making fun of Tim Draper when he bought at $600 and predicted (at that time) 10K in 2017, especially when it went to $175. That said, I don't expect 500K or 1mil in 2020. Too soon.

why do you think 2020 is too soon?
from $200 to $20000 took 3 years only and that was after a huge market scam by Mt Gox (they were 85% of the volume and went down). and also now compared to 2015 there are a lot more people interested in bitcoin and a lot more media coverage.
next 1000% rise is not going to take 3 years like before. it may happen in 1 year.

[Febo]

what everyone keeps talking about these days (which is during crash) is how big crashes used to be and how big it will get now,...
example: Historic BITCOIN crash

but something is neglected in my opinion and that is the recovery that always comes after these "crashes". so lets assume this is a crash and i don't care how low it may or may not go. lets talk about the recovery, whenever that might be:

here are some examples based on bitstamp prices:
2012 recovery, August: $2.25 to $16.41 => 629%
2013 recovery, April: $7.1 to $259.34 => 3552%
2013 recovery, December, also a fake pump: $45 to $1163 => 2484%
2016 recovery, June: from $152.4 to 778.85 => 411%
2017 recovery, December: from $465.28 to $19666 => 4126%

where will it go to in the future after the recovery? 5000%? to $400,000?

First you need the bottom.  5000% from $2000 is much lower then 5000% from $10000. So what you are doing really have little sense.   But since you started. I do expect future bubbles will be  smaller since because of all the adoptions Bitcoin volatility is reducing.