Why Bitcoin won't grow fast as it was in 2017

[Brama Jasa]

last year bitcoin was very well known for gaining fast profits, without thinking long ago people directly invested, and steering prices dropped by around $ 2k and made new investors afraid and sell their assets, this caused the price of bitcoin to fall, as you said people would think again invest in bitcoin going forward, but hope everyone in the crypto world price or the future of bitcoin will be good in the future

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[Darz299]

the price of bitcoin in 2017 is indeed extraordinary, the price is very high and it makes many people interested in investing in bitcoin, we feel that the market is still correcting from the big increase last year and many new investors are coming with the current situation what they think bitcoin is a golden opportunity to get quick profits. but the number of requests is not in accordance with the inventory which resulted in bitcoin falling not like last year

[GymClassHeroes]

I do not think we will see the kind of growth we saw in 2017 in the price of bitcoin (by percentage), because it will take a lot of cash inflows ( several billions) to see bitcoins doubles, the price is already in billions category, to get a 10x will means a cash influx of a trillions which may not come by easily

[criptouser]

most likely the growth will be great but very slow. although on the other hand, given the unpredictability of bitcoin, he can do it in a relatively short time.

[joshwoo]

A quick recap of cryptocred’s ideas https://medium.com/@cryptocreddy/bitcoin-bull-market-considerations-de3aa0b57029

First of all, I’ll say that I’m confident that BTC will reach new heights, however, I think that this new growth in an upcoming bull market won’t be as rapid as it was in 2017. There are some reasons:

1) In 2017 majority of people just knew about a revolutionary blockchain technology, and was fascinated by it. Nowadays there is a different situation — this word is now on hearing and people won’t go here just for a new technology

2) In 2017 people knew Bitcoin only from his growth-side. If the crisis of 2013 was recalled, it seemed like something long forgotten. Now every newcomer will remember crisis of 2018 and will think 100 times before investing big money here.

3) From the technical point, the price grew in a free flight —  there were no any resistance levels. Now, after this market dump, there are a lot of resistance levels have been appeared and the price will have to break all of them

4) Probably, many of people who now have minus balances will want to exit of crypto to fix their funds from losses as soon as they became green.

If you found this post useful, I will be really appreciated for +merit.

[hoavantathan]

The market is wide-open everyday. There are more tokens which will be born when you wake up on the next day. It make the price lower. Everyone pays attention to other coins not BTC. We have no way to control all of them.

[goodluck0319]

I still stick to this idea, because the market was heavily overbought in November-December 2017. Waiting for recovery

[florianuhlemann]

I recommend buying coins as they rise or fall gradually, i.e. not a single purchase, thus achieving a favorable average price

[Iykecollins]

Would have given you some merits if I have had some to give, you analysis are quite in order, From the analysis we may not be expecting a huge bull run like we had last year, but if it happens then that should be a huge surprise and gain for those who bought low.

[apityeh71]

When I seen the historycal price of Bitcoin , in crypto market is always there are phase for bullish,  bearish and stagnan.  Its not possible the crypto market all the times in bull market,  because buyer and seller always make transaction to take profit. Also we can not avoid pump dump trading in crypto because the market cap still low so the price will easy going up and going down.

[deppil]

last year bitcoin was very well known for gaining fast profits, without thinking long ago people directly invested, and steering prices dropped by around $ 2k and made new investors afraid and sell their assets, this caused the price of bitcoin to fall, as you said people would think again invest in bitcoin going forward, but hope everyone in the crypto world price or the future of bitcoin will be good in the future

You right. this is because of the very deep price decline. imagine prices drop by more than 50% from $19k to $6k. of course that is a very terrible decline and of course people are still traumatized by that price change? thats why price progress is slowing down, demand decreases, and so forth

[Ctn]

It doesnt work like that mate. No one with negative balance would want to leave the market but instead they must be hoping for the 2017 scenario to get repeated for themselves and profit massively. Most of the people just have one thought in their mind, they need that 700-1000% hike which they saw with their own eyes and then started to believe on the crypto currencies for making profits. Yes, there might be some people who are little concerned about it but not all of them. Many of them are just entering the market because they are seeing the differential projects with potential to spike this year end. I think it would be bad idea to leave the crypto when the crypto boom is just one month away. 

[maemunah]

most likely the growth will be great but very slow. although on the other hand, given the unpredictability of bitcoin, he can do it in a relatively short time.

true and that is still an obstacle to bitcoin can grow rapidly in price like last year with a lot of bad news regarding the good name of bitcoin that can be difficult and slow for bitcoin to develop

[bangkit tri]

most likely the growth will be great but very slow. although on the other hand, given the unpredictability of bitcoin, he can do it in a relatively short time.

true and that is still an obstacle to bitcoin can grow rapidly in price like last year with a lot of bad news regarding the good name of bitcoin that can be difficult and slow for bitcoin to develop

with news can affect the psychology of traders, thus leading to opinions to buy in 2017. moreover at that time a lot of positive news was spread, thus impacting positive results too

[thunderbitz2717]

Bitcoin will actually not going to grow the way it was in 2017 and this not because it becomes too popular but because it was over price in 2017. We are hearing a proved into bitcoin price manipulations in 2017  by USA government and I think price was actually manipulated.  Now bitcoin is correcting and I believe that this is healthy for the market.  Bitcoin needs to be stabilize for it to be able to be adopted by the retail and wholesale businesses.

I remembered during that time early 2017 I think January or February bitcoin was below 1000$ only, then after the first quarter went happened bitcoin started to increased little by little, until it rapidly get higher. But, I agreed bitcoin grow fast not on its popularity instead it happened because lot of investors believed that bitcoin has a good future and also has a potential to give innovation in blockchain technology, so I could say Bitcoin technology was a phenomenal things happened to me.

[ocid]

many people were fascinated by crypto in 2017, causing many new investors to emerge because they were tempted by the price last year. but after entering 2018 the price of bitcoin continued to decline and many new investors were worried because they were afraid to experience such a large loss that many people sold their investment assets and left leaving crypto just like that

[Ranly123]

A quick recap of cryptocred’s ideas https://medium.com/@cryptocreddy/bitcoin-bull-market-considerations-de3aa0b57029

First of all, I’ll say that I’m confident that BTC will reach new heights, however, I think that this new growth in an upcoming bull market won’t be as rapid as it was in 2017. There are some reasons:

1) In 2017 majority of people just knew about a revolutionary blockchain technology, and was fascinated by it. Nowadays there is a different situation — this word is now on hearing and people won’t go here just for a new technology

2) In 2017 people knew Bitcoin only from his growth-side. If the crisis of 2013 was recalled, it seemed like something long forgotten. Now every newcomer will remember crisis of 2018 and will think 100 times before investing big money here.

3) From the technical point, the price grew in a free flight —  there were no any resistance levels. Now, after this market dump, there are a lot of resistance levels have been appeared and the price will have to break all of them

4) Probably, many of people who now have minus balances will want to exit of crypto to fix their funds from losses as soon as they became green.

If you found this post useful, I will be really appreciated for +merit.

Obviously, people got fascinated by the price of Bitcoin when it hits for above $19k and never consider the fact that it might drop drastically. Hopefully people will realize that cryptocurrency is not lalways in an upward gains and might be as well drop overtime.

[kotajikikox]

As you if did you learn the past year of bitcoin fluctuation as volatile currency you can get some point of view, how bitcoin its works in the market.

Since bitcoin starting run as first digilat decentralized currency in the wold their price value is very cheap but today's current value of bitcoin at 6000$ up aren't bad than before be strong and continue to control yourself soon bull run is coming soon.

[BitHodler]

Hopefully people will realize that cryptocurrency is not lalways in an upward gains and might be as well drop overtime.

Oh, they have found that out for sure by now. Currently these people think of the bear market as being a negative event, but this bear market turns people into firm hodlers of the future.

Let's be honest here, most of the older members here went through a similar stage at the very beginning. We learn as we go through bull runs and bear markets, and so will those who joined last year on the way up.

Stage 1 (hodling through a bear market) can be seen as completed. Stage 2 of becoming a firm hodler is to hodl through bull runs without selling the majority of your coins, which for some people might be harder to do.

Being an all-around hodler ain't easy.

[iqlimasyadiqa]

at all times there will always be differences in situations and conditions. by the end of 2017 we were all in extraordinary conditions, when the digital currency market got very positive sentiment. this year there has been a significant decline, but I'm still optimistic that next year there will be a much better change. This high sense of optimism is supported by various sectors that have combined and implemented bitcoin on important systems.