Are we repeating the 2014 BTC crash???

[okissabam]

I hope it won’t crash, I have hold a few of my bitcoins for long term and I am not expecting it to crash down below $6k. It would be like going from the start when I started out trading. The reason why it is decreasing is because of the FUD about a certain exchange site, but hopefully it’ll recover again and tries to slowly go back up.

[1714947615]

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[EastSound]

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash.  The chart similarity is eerie. 

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

if ever it comes to that again then this is the right time to invest in bitcoin rather than sell all the investment we have and loss a huge profit in the next years to come .

[ingiltere]

Stop with those charts. Bitcoin is not FOREX.

Current situation situation have nothing in common with 2014. You can't compare 2014 market cap with the current nearly half a trillion market. Dips like this is completely normal for crypto's.

Actually all these pumps have similar patterns. OP has a point.
Luckily we are experienced so we exit from the top. Most of the people complain in forums are newbies. Experienced investors knew the risks and managed it well. Don't expect a trillion dollar marketcap value overnight.

[patrickrn32]

Stop with those charts. Bitcoin is not FOREX.

Current situation situation have nothing in common with 2014. You can't compare 2014 market cap with the current nearly half a trillion market. Dips like this is completely normal for crypto's.

Actually all these pumps have similar patterns. OP has a point.
Luckily we are experienced so we exit from the top. Most of the people complain in forums are newbies. Experienced investors knew the risks and managed it well. Don't expect a trillion dollar marketcap value overnight.

https://www.zerohedge.com/news/2018-03-07/cryptos-are-suddenly-dumping?utm_source=newsletter_452&utm_medium=email&utm_campaign=trading-coach-oli-news-und-kryptoletter-nr-46-18-fuer-den-08-maerz-mit-market-profile-daten


https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash?utm_source=newsletter_452&utm_medium=email&utm_campaign=trading-coach-oli-news-und-kryptoletter-nr-46-18-fuer-den-08-maerz-mit-market-profile-daten

[ajaymukund]

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash.  The chart similarity is eerie. 

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

Yes, there is a similarity in the price chart. But I do not think it will happen again. Bitcoin is currently the largest currency in the world and they are being used by so many people for money transactions. Clearly the impact of bitcoin is so great for so many people and I believe it will grow better in the future. Do not worry too much and keep up to date with more information.

[bob3772]

There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.

My point is...everything up to this minute seem to match...including that breakout you are talking about.

Again, I am also praying current trend breaks away from the 2014 trend.

I think it's a waste of your mind to allow such thoughts. I think this is another correction of the market, soon everything will fall into place.

It does matter to me since I plan on buying BTC.   I hate FUD and this post is not geared towards that.  It is cautionary and last I checked, historical fact does not fall under FUD.  This 5 month match is just too much for me to ignore and might smack myself if BTC price does fall shortly.

You're right that it's wise to look to the past, I just think that as I said previously, with the context being so different I think the two paths will diverge from one another fairly soon. Of course we could follow the exact path of 2014. I wasn't here in 2014 so it's hard to speak about the mood in the community at the time, any insight in to that would be interesting because that's what will decide how things pan out.

[Poink]

There may be similarities but in terms of where cryptocurrencies and bitcoin stand right now there are little similarities. Crypto is becoming more established and so it's unlikely to go through such a long bear period. It was breaking out of it until recently, todays binance crisis won't help but will be forgotten in days.

My point is...everything up to this minute seem to match...including that breakout you are talking about.

Again, I am also praying current trend breaks away from the 2014 trend.

I think it's a waste of your mind to allow such thoughts. I think this is another correction of the market, soon everything will fall into place.

It does matter to me since I plan on buying BTC.   I hate FUD and this post is not geared towards that.  It is cautionary and last I checked, historical fact does not fall under FUD.  This 5 month match is just too much for me to ignore and might smack myself if BTC price does fall shortly.

You're right that it's wise to look to the past, I just think that as I said previously, with the context being so different I think the two paths will diverge from one another fairly soon. Of course we could follow the exact path of 2014. I wasn't here in 2014 so it's hard to speak about the mood in the community at the time, any insight in to that would be interesting because that's what will decide how things pan out.

Well to date still matching the 2014 pattern...BTC just touched $9,235 (at GDAX) and dropping.  I am glad I held off my purchase.

[adroitful_one]

Most of the time before the price has reached an all time high, we bottomed out really low. So if that's what it takes to get to new highs, i'm completely cool with it. Would give everyone yet another chance to buy in for a really good price before climbing back up.

[MrSunshine]

We are likely headed to a 3 - 5 trillion marketcap of all cryptos combined by 2020. What path it takes to get there could be like a zig-zag, so just waiting for the future.

[Pechalka]

We are likely headed to a 3 - 5 trillion marketcap of all cryptos combined by 2020. What path it takes to get there could be like a zig-zag, so just waiting for the future.

On this winding path we will lost much 'passengers' - holders. But will get some heavy weight in the face of 'smart whales' who will buy all from weak hands

[crairezx20]

It's impossible to see back what happened in 2014. Even the price dropped these days it's still impossible that the price will drop a lot the same happen in 2014. There is another reason why the price drops these days, Either Mt. gox issue or the hacked binance, This may be a reason why the price decreased.

For me, it's normal to see the price decrease, if you compare the movement of the price from the past few years they are completely different.

As you can see from the chart the price is increasing year by year. So, we are still in the first quarter of 2018 you shouldn't be worried because I know the price can burst increase again just like last year this coming November or December.

[tylerik1]

Noo guys, we dont will repeat the crash like in 2014.. bitcoin already corrected a lot from the new ATH and I think we will hit a new bottom soon. The market is just scared of everything and it is the best time to buy in now!

[Cryptock]

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash.  The chart similarity is eerie. 

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

No, you can't compare this situation to that from 2014, for me this is only a hard months at the beggining of 2018 and btc will be  just going up in near time.

[CoinCollector006]

There are several drivers that explain why prices are declining

1. Its tax season in the USA, some people will doubtless liquidate crypto holdings to pay their tax obligations

2. There has been a whale selling the Mt Cox trustee bitcoins
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash

3. There is still na tremdndous amount of FUD
http://fortune.com/2018/03/06/bitcoin-price-10-years-harvard-kenneth-rogoff/

I personally think people like Professor Rogoff have a stake in the current fiat money printing system and therefore will attempt to destroy bitcoin.
I am still holding my bitcoins, and don't want to be shaken out no matter what the pessimists say.

[seoincorporation]

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash.  The chart similarity is eerie. 

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

We are having a crash again but isn't the same this time... We are moving under other magnitudes. Bitcoin already hit $20,000 and it had a $10,000 crash. That's tons of money lost but, people aren't sad at all because $10,000/btc isn't a bad price at all.

It still has an awesome impact on economy markets, so, if the price keeps moving under 5 digits number, people will keep an eye on it. Is just a small ball becoming bigger and bigger.

[JaRViZZ]

Watch and see how BTC is currently following the exact same trend (behavior) of the 2014 BTC crash.  The chart similarity is eerie. 

https://s3.amazonaws.com/tradingview-vid/w/wztZTcBbXCPJ1Xy1.mp4

I hope and pray we break away from it though.

Every year there are some failures with bitcoin and we are looking for dependencies and we predict that he will behave this way this year too. All this is nonsense and is explained by the simple fall of the market or correction, and in this year, so, and lower demand.

[maliboom]

It is not possible to replicate that crash. Today the situation is completely different. Big banks are full of bit coins (even if they do not say it) and the spread is global. The correction is already over. you will see that under 6k will never go again

[Reez]

The market sentiment today is completely different than it was in 2014. Today the market cap is much larger and the number of users is also many folds more. It isn't this easy to crash the market now as there is new money coming in rather fast.

[gandhe83]

I think that will not happen again. The real user base will be the absolute backing to bitcoin back. Since then, the bitcoin organizers have done everything nice to create the spectacular bitcoin that we have witnessed. I will continue to hold that much longer to wait for the next boom. Right now, there will not be any hurt for the bitcoin coming from the bad stats and the hassle of the bans.

[Poink]

Looking at the responses, I think most reacted/responded to the title without actually reading the post and watching the video.  LOL