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Author Topic: BTC will always recover beyond its previous peak  (Read 308 times)
avikz
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April 16, 2018, 08:19:12 AM
 #21

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.

I somehow agree to your argument here, that we should not predict any future events based on the past! That's true for real world and the example you have given here. I can also add to it, that there was a global financial crisis in 2008 but that doesn't mean it will happen again because we have learned from it and moved on. But when I talk about technical analysis, it gives me a different picture all together.

This particular chart type is know as "Bullish Symmetric Triangle" in technical analysis. This is exactly what OP is talking about. The representation is similar to the below chart,



As per technical analysis coupled with trend analysis, once the price moves beyond the breakout point, a sharp increase in the price follows. So lets just hope that it happens. I know that technical analysis means very little in bitcoin and crypto market because of its nature. It's the raw reflection of human emotion around the world and it is very hard to predict the future. But technical analysis is just a tool for speculation and nothing else. I believe we have many bitcoins in our cold storage and if the  price increases, it's good for all. Lets just hope for the same, even if history repeats itself! Smiley

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April 16, 2018, 08:19:56 AM
 #22

The good thing about bitcoin is that, no matter how low the price crushed, eventually it will recover and suprisingly exceeds its previous peak. Which is a why bitcoin is still the best cryptocurreny to invest with.
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April 16, 2018, 08:25:04 AM
 #23

Past performance is certainly not a guarantee of the future, but I think it is very probable that the cycle will repeat again, maybe more than once. Bitcoin is too good an instrument for big speculators to stop.

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April 16, 2018, 08:33:50 AM
 #24

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?



That is only one of the prediction and maybe speculation also but the most important is the present and the future. I don't think if it's better idea when we only referring to the graph in the pass years because everything can change. But even if that is negative vibes I'm still believe that bitcoin can push itself to have it's recovery and perform better again in the market. However, as of now it is has a better movement and I'm hopefully it will last for a long period of time and reaching it's higher pump.


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April 16, 2018, 08:40:01 AM
 #25

needs to be seen is also the cause of the fall in the price of each of the bitcoin. This is certainly an important factor because of not all of the same cause. as this year I think is different with the fate of the previous year. but the increase is indeed going on but it will take place step by step.


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April 16, 2018, 08:40:31 AM
 #26

I totally agree, bitcoin price will recover beyond previous peak, from the previous experience,after bitcoin crashed,   the market price always appreciated beyond the previous peak.
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April 16, 2018, 08:44:56 AM
 #27

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?


Based on the graph you provided, Bitcoin has seen similar fluctuations in recent years. It was so discounted that people thought of its disappearance and then it rose and rose higher than it fell. This proves that Bitcoin is increasing over time and that it is much stronger and stronger.

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April 16, 2018, 08:50:35 AM
 #28

I'm sure Bitcoin can shatter its $19k peak, but it's looking like it will take time for that to happen. And once it does, there are no guarantees that Bitcoin can keep doing the same thing. It's going to reach its apex at some point. Heck, it might already have, if adoption and technology doesn't improve.

It's far better to draw people in with technology and utility rather than price in my opinion, as those are far more stable and predictable.

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April 16, 2018, 08:53:36 AM
 #29

Bitcoin still consider as high value investment , it means that many people still interest on it.
I won't be surprise if one day bitcoin will reach another high value so for me as investor, I try to keep purchase every month and keep Hold as long as possible.

I also believe, bitcoin always have uptrend from year to year !
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April 16, 2018, 08:58:04 AM
 #30

Any digital crypto currency will bounce back when it hits bottom.

Historical data shows that BTC always falls in March, and rises in April!

BTC is now on the rise and is expected to rise to $10,000 by the end of April!

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April 16, 2018, 09:01:27 AM
 #31

It will always go up guys. You just need to believe on bitcoin. Trust is probably the key. Because with trust, we can have the urge now to buy bitcoins. It might be the problem to all people. They distrust crypto when they "lose." But they didn't know that they didn't lose. It is just the start of their win. Because of a great dump, there goes a great pump Smiley.



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April 16, 2018, 09:14:53 AM
 #32

Any predictions of bitcoin prices may be legitimate and some even predict as if they are beyond the logic of the price, but the crypto world is all happening and I will just follow the price, throw away my thoughts from the predicted price of the fantasy
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April 16, 2018, 09:18:51 AM
 #33

Nice chart, we seen on how bitcoin is recovery after a massive dump.
BTC is now on the rise and is expected to rise to $10,000 by the end of April!
$10,000 by the end of this month is peanut to bitcoin, let's all wait and see if this is the start of true recovery phase for bitcoin.

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April 16, 2018, 09:20:19 AM
 #34

Bitcoin still consider as high value investment , it means that many people still interest on it.
I won't be surprise if one day bitcoin will reach another high value so for me as investor, I try to keep purchase every month and keep Hold as long as possible.

I also believe, bitcoin always have uptrend from year to year !

Yes that's true actually every year bitcoin has a good breakthrough even though we encountered hardships that really give's us fears to face the challenges in every days of our lives. Purchasing another investments will be better if you have plenty, but if you don't then its time to sell you asset if you need that for your daily living and personal projects. Just wait for that good timing to come and always expect something surprising these months to go of this year. Trends always gives us hope but don't be too excited because sometimes it fluctuates in bad behavior, so always stay lean and calm.

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April 17, 2018, 08:05:33 PM
 #35

That is how bull market have always worked the new bull market will always recover past the previous ATH and will start doing numbers that are double that price which is what draws a lot of new and potential investors into the market.
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April 18, 2018, 10:46:32 AM
 #36

It has always been a normal thing ever since I got in, so this is not the first time I’m seeing such happen. It’s only those that understands that will continue to HODL no matter what is happening right now, though I don’t expect everyone to hold, there supposed to be people selling off too. The price has been rising, but the one of 2017 was really high, so I don’t know how it’s going to be in this year. I just hope that it at least reaches a rate of $20k or so.
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April 18, 2018, 10:51:42 AM
 #37

after some months bitcoin currency price crosses its peak. its price crosses 15 lacs easily.
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April 18, 2018, 11:06:05 AM
 #38

Bitcoin is in a cycle which most investors dismiss and will always recover beyond its previous peak.
2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell 70%

two conclusions can be made from this.
the most interesting one is that as the market grows (not necessarily because of market cap but mainly the volume and number of users) the volatility decreases and the big drops also decrease with them.
the other interesting conclusion is that bitcoin price is rising in long term. this may not be the obvious one but if you look at the charts, you can see the price is rising no matter how many and how big a drop it has.

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April 18, 2018, 11:10:38 AM
 #39

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?



If it were so easy to predict the future based on past rebounds, most of us will be rich. What also matters is the time taken for Bitcoin to rebound. If bitcoin takes a couple of decades to rebound from the current crash and I am in my grave by then, it doesn’t benefit me a great deal, does it?


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April 18, 2018, 11:12:53 AM
 #40

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?



Good observation and listing mate. I think so too. Bitcoin has always had that characteristic that it would be dormant or stagnant for a long time before it begins to catch fire and surge in such a staggering rate that it usually doubles, and sometimes, triples its value. However, what I notice is that the time it takes for Bitcoin to do that becomes longer and longer each year, before, it happens in a cycle of a six month period more or less, but now, it takes roughly about nine months to year to show the same cycle.

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