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Author Topic: BTC will always recover beyond its previous peak  (Read 313 times)
gold1112
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April 15, 2018, 08:12:21 PM
 #1

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

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April 15, 2018, 08:13:49 PM
 #2

Funny cycle which I don't know you should value too much.
Although I do think an ATH is coming.
ManaMan
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April 15, 2018, 08:15:57 PM
 #3

Not only the fall is smaller but it took more years for this to accumulate and happen.

Although price can raise, but its like unbelievable to follow your statement it will always recover, meaning that it will always raise in value. In my opinion yes it can raise but not forever.
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April 15, 2018, 08:23:05 PM
 #4

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?



wow you almost earned merit for this post,

there is however a huge problem in this interpretation,

as it is a very thin one dimensional one,

bitcoin is interconnected in a very complex world,

that is changing quickly there is no way bitcoin is some kind of sinus curve ever growing, its only being promoted this way, but i once wrote an article regarding an issue, that is:

that bitcoin was initially supported by many to create freedom from the banking cartels, and after that many competitive projects started to exist.

these will fight for attention in the economy.

you will see bitcoin will be opposed by similar forces that have initially promoted it.

many in this forum will still not understand why.

regards

pixie85
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April 15, 2018, 08:35:28 PM
Merited by KingScorpio (1)
 #5

You shouldn't base your predictions on history. For instance in the history of the world there were never any world wars, until there was one, and then another not long after.
Bitcoin might recover beyond its peak or it might not. You can't predict that! Previous crashes were from lower value, with less people involved. At some point it will have to stop growing or it will reach millions of dollars per coin.

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April 15, 2018, 08:39:05 PM
 #6

You shouldn't base your predictions on history. For instance in the history of the world there were never any world wars, until there was one, and then another not long after.
Bitcoin might recover beyond its peak or it might not. You can't predict that! Previous crashes were from lower value, with less people involved. At some point it will have to stop growing or it will reach millions of dollars per coin.

you get one merit from me for this, i hope many people will understand, that thinking based on assumptions on extremly limited input is not very fruitful, you can do that in math, or in craftmanship or in engineering but not in economics.

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April 15, 2018, 08:42:44 PM
 #7

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

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April 15, 2018, 08:45:00 PM
 #8

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

i am questioning weather he truly believed what he said or weather he just wanted to appease bitcoiners, to make them feel better.

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April 15, 2018, 08:47:42 PM
 #9

People are naturally inclined to see patterns where there aren't any, like the face of Jesus in toast or in the craters on Mars. As long as enough people believe there's a pattern there's a chance the pattern becomes reality.

i am questioning weather he truly believed what he said or weather he just wanted to appease bitcoiners, to make them feel better.

I doesn't matter. If the idea spreads and people start believing it, it's bound to happen. There's a name for that, it's called a self-fulfilling prophecy.

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April 15, 2018, 08:52:47 PM
 #10

Prediction or wild guess is not bad,but do not rely so much on the prediction of others because in the end if you put all your trust in their predictions you might loose everything you have.
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April 15, 2018, 09:06:51 PM
 #11

Yes i believe so it eill. Many people against bitcoin has been attacking it to bring its price down and yes for a moment, they were successful. They brought down the price brcause by the time they release fud or negative news, many weak hands give up their coins and has vastly contributed to the dump. Since the price is lowered down, most of the strong hands bought more coins, hence strengthened and brought the value of bitcoin back up.

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April 15, 2018, 09:27:27 PM
 #12

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?



The idea is exactly the sane idea i had in mind. For the past years bitcoin dealth with fall in price. But this kind of fall creates more and mote popularity and investors buying in and involving theirselves in the business. The fall of btc is the actual rise of incoming hike for more supporters and audirnce
itglobe
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April 16, 2018, 07:38:05 AM
 #13

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?

https://i.imgur.com/pu3rzKl.png

It's true that predictions always make on the previous history after seeing the actual graph. Reverse engineering is good but doesn't rely on any other's opinions and predictions. Instead, always follow your feelings so that you won't feel regret at any cost. Let's hope for the good change in BTC price in this year.
Ctn
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April 16, 2018, 07:52:41 AM
 #14

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?



Okay good one but but you do realise that the graph is from 2017.  Tongue

Anyway that cycle shown in the graph doesn't seem to be following in the reality. I mean it just look like the cyclic patterns made with the copy paste job and shown on the higher scale thats all.

However if we see the numbers then we do have similar kind of pattern in reality where prices has always dumped in the Q1-Q2 and then again rise back before the year end. This is continuing since many years and will follow ahead to rebounding the prices to higher one in the side to end year.


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April 16, 2018, 07:58:00 AM
 #15

Definitely there is this pattern, I have been discussing it in my posts. Of course at some point in the future bitcoin will not be able to go higher than the previous peak, and the cycle will break. But I think that we can reasonably expect it to reach 100k or 1m in one of those cycles in the future.

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April 16, 2018, 08:05:40 AM
 #16

I personally know it will recover. I don't care what anybody else is saying or thinking, if you allow yourself to be easily manipulated by some FUD or anything then its your own loss. It takes a patient investor to gain from cryptocurrency. It's in the nature of cryptocurrencies to be unstable and sometimes this instability is as a result of the correction going on in the cryptocurrency market.
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April 16, 2018, 08:08:25 AM
 #17

Definitely there is this pattern, I have been discussing it in my posts. Of course at some point in the future bitcoin will not be able to go higher than the previous peak, and the cycle will break. But I think that we can reasonably expect it to reach 100k or 1m in one of those cycles in the future.
As bitcoin is limited to 21M and difficulty is rising I think this cycle will be very long.
When the total currency base of the system reaches 21 million coins, any type of issue will be completely stopped, after which the system will enter the third final phase - stabilization.
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April 16, 2018, 08:10:53 AM
 #18

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?



Everyone has the right to elaborate their prediction and speculation but for me I'm not only base in what we see in the pass scenarios I do base in the present because I believe in the saying that Pass is Pass and there's a lot of things or changes that is possible to happen in maybe just in a single minute. So I'm much believe in the what can I actually see for now because I know that no one can predict what will going to happen in the future so it is better to do is I keep my eyes on the movement in the market so I can quickly do a better action. However, I also believed that bitcoin will meet it's fully recovery soon.

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April 16, 2018, 08:15:32 AM
 #19

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
Bitcoin historical crashes:

2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

As you can see more MarketCap - less fell!
What do you think about it?


Bitcoin has been doing this in the past days so it will do in the future too in everyone's opinion.But there are many people who will start to say bubble burst and bitcoin is dead when the prices starts to fall so i think they need to see this cycle before saying that stories.

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rumexx
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April 16, 2018, 08:17:34 AM
 #20

I am a strong believer in the resilience of bitcoin. I am sure that it will recover and hit its previous peak to the admiration of all and sundry. Bitcoin is all and will ever remain.

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