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

[udidrone]

What makes your analysis very reasonable.Btc does not grow fast anymore.And now there is no money to recover the market.Maybe we have to go through a long wait.

Who's money ? Since first bitcoin not use someone's money or developer's money, it is pure community. That is why bitcoin very hype in 2017, people interested and start to buy bitcoin and then make price increased very fast, if we must wait money to recover market, until when we must wait

[aencarnaci]

It doesn't have to that's why. It doesn't have to grow insanely every single year, it doesn't have to grow at all, it can go up or down or go sideways and the market owes no one an apology for dropping.

Some people bought bitcoin for quite cheap and sold it at around $20k or whatever and than there was some people who thought bitcoin will skyrocket more and because of the $20k there were more people who heard about it and wanted to get in and make some money from it seeing how everyone else did but than the market was like "that is enough of this" and started to drop and now everyone keeps asking if or when will the bitcoin price go back up because they got it too high.

Well, no one forced you to buy too high, you saw people that made x3-x5 and even x100 who knows and decided to get in and be really rich but things didn't worked out the way you want it to and now you feel like you are "owed" that x3-x5 or even x100.

[el kaka22]

They have been drawn into this game and are receiving the worst investment in their life. I think this market is in a very difficult period and any news can not make the market recover well. The best way now is to invest long term and wait for long before the uptrend begins

I wonder why people are even expecting to get to see some huge bull run before the end of the year, when practically there is nothing pertaining to any bullish movement at the moment and considering that the market has not even reached a stage to even start considering we are even in an uptrend yet. Growing fast is something that can only happen when we get to see some uptrend movement, and along the line some instigation of bullish movement, which in this case, nothing looks like it, at least for now. Yes, the best thing to just be doing now is to see the present moment as a means to invest for the long term.

After long bullish the crypto market will turn in to long bearish,  and this is normal price action in crypto  market. Bitcoin and others crypto wasn't growth this year like last year because  bullish changed to bearish,  but after bearish crypto will have potential to going back to bullish. That all is natural price action.

It is always more like a cycle. When one comes, the other also comes and then we have some period of consolidation in between which in this whole thing we start seeing some possibility of the market switching trend in most cases, with only patience and ability to monitor the trend, being the major attributes we should always be trying as much as possible to look at most of the time. I would not expect any fast growth either, but at the same time, it is a market and no one can tell what happens eventually, except to just chill and watch how things happen eventually.

[anume123]

It's ok for me that the price of bitcoin go down because in the past year the price of bitcoin is so very expensive and I can't reach how funds i will raised always remember that high price of altcoins will go down not always rising.

[duyduc256]

What makes your analysis very reasonable.Btc does not grow fast anymore.And now there is no money to recover the market.Maybe we have to go through a long wait.

I think this will last for at least 2 years because the number of investors at this market is very low and the demand for investment is not much in recent times. If there are big news now, it will not have much impact on Bitcoin prices because the fear and the feeling of discouragement make people no longer interested in this market.

[Malamok101]

because in 2017 BTC start hight grow up and there are many people notice BTC and they start invest BTC,and in 2017 there are many ICO day by day,you want invest ICO you have to buy btc and eth,with many ICO it make more people buy BTC,in 2017 is year of BTC

I think also that investors switch to invest in different ico's until now the price of bitcoin is already dump and they lost a huge profit from bitcoin for the big dumped was happen start january 2018.

[musdafakfl]

In 2017, there have been so many things about crypto coins, and I think that this is because of the rapid growth. Especially due to the rapid upward trend we experienced in Bitco, new investors joined the market and the demand was indirectly increased. In addition to this demand, we have seen an unbelievable rise after various positive news and the ongoing bull period.

[yvesp110]

because in 2017 BTC start hight grow up and there are many people notice BTC and they start invest BTC,and in 2017 there are many ICO day by day,you want invest ICO you have to buy btc and eth,with many ICO it make more people buy BTC,in 2017 is year of BTC

I think also that investors switch to invest in different ico's until now the price of bitcoin is already dump and they lost a huge profit from bitcoin for the big dumped was happen start january 2018.

It is the only mistake which can lose your money if you will not dump so you will not lose anything, but if we will dump it will lose, in beginning of 2017 price was not good but we were patient enough so people who hold their coin till the end of the year they won huge profit and those who sold earlier lost money, so same will happen this year it is good to hold as bitcoin get high price even thousands of dollar after month but needs patience so be wise and hold.

[lavara]

I agree with the author that now the popularity of bitcoin and cryptocurrency, though high, but the investor is already carefully looking at what to invest. In the market, there is a clear calm and the cryptovalt decides which scenario to choose — up or down.

[Finestream]

I agree with the author that now the popularity of bitcoin and cryptocurrency, though high, but the investor is already carefully looking at what to invest. In the market, there is a clear calm and the cryptovalt decides which scenario to choose — up or down.

Let's just think that cryptocurrency has its own ups and downs just like humans.There was a big bubble that happened last year and so the price suddenly become skyrocket.This year has experienced almost a year of correction where the market faced a long bearish season.But don't lost hope because after this we can expect a bull run again.Just keep your faith in bitcoin.

[@Mhaiang]

Logically, we are not already in the year 2017. We are presently at 2018 which is considered to be the toughest road for cryptoworld it had took since its existence. Let's just wait for the right year to come to see another set of 2017 or even more than that.

[rose9696]

Another reason is that the market is inactive and is being adjusted to the most reasonable level. Bitcoin's price at $ 20k is just the virtual price. Now the whales are returning it to its real value and not pumping it anymore. That is what I know about our market. When the real value has been determined and the crisis passes, everything will be better than it is now.

[Cryptonym0us]

In 2017, we observed the period of the hype, now it is slowing down. At this rate, we simply go out to the bear bitcoin market. The change of paradigms in the crypto-currency market is quite normal. The bitcoin rate can not be linear. But it also can`t take new heights every day. The change in the price of bitcoin should be assessed at least for an annual period, rather than comparing the current rate with the maximum value.

THIS!! 100% 

[hawkins]

Logically, we are not already in the year 2017. We are presently at 2018 which is considered to be the toughest road for cryptoworld it had took since its existence. Let's just wait for the right year to come to see another set of 2017 or even more than that.

well, this year there was a lot of news that made the price of bitcoin down. starting from banned crypto advertisements from social media, to countries that banned bitcoin. well, it certainly becomes a real fear for those who have large amounts of bitcoin, so they panic and sell the bitcoins they have and make prices not grow like 2017.

[Bezobraznike]

In 2017, we observed the period of the hype, now it is slowing down. At this rate, we simply go out to the bear bitcoin market. The change of paradigms in the crypto-currency market is quite normal. The bitcoin rate can not be linear. But it also can`t take new heights every day. The change in the price of bitcoin should be assessed at least for an annual period, rather than comparing the current rate with the maximum value.

THIS!! 100% 

   This comment passed unnoticed by most of the people. People try to compare something that`s impossible to compare, people wish charts to be linear and to go only
up. That hype was about many new people joining, they didn`t think about technology, they just wanted to make fast profit and whales took that opportunity.
   

It doesn't have to that's why. It doesn't have to grow insanely every single year, it doesn't have to grow at all, it can go up or down or go sideways and the market owes no one an apology for dropping.

Some people bought bitcoin for quite cheap and sold it at around $20k or whatever and than there was some people who thought bitcoin will skyrocket more and because of the $20k there were more people who heard about it and wanted to get in and make some money from it seeing how everyone else did but than the market was like "that is enough of this" and started to drop and now everyone keeps asking if or when will the bitcoin price go back up because they got it too high.

Well, no one forced you to buy too high, you saw people that made x3-x5 and even x100 who knows and decided to get in and be really rich but things didn't worked out the way you want it to and now you feel like you are "owed" that x3-x5 or even x100.

   You are right, market owes no one an apology. It`s market, if you know to read it you will make some profit, if not you will lose money. Practice and learn more about it
and maybe you can be better. It`s one thing when you invest in speculative market just for profit and when you invest in technology in long-term.

[jambul_kribo]

What makes your analysis very reasonable.Btc does not grow fast anymore.And now there is no money to recover the market.Maybe we have to go through a long wait.

Who's money ? Since first bitcoin not use someone's money or developer's money, it is pure community. That is why bitcoin very hype in 2017, people interested and start to buy bitcoin and then make price increased very fast, if we must wait money to recover market, until when we must wait

now most of them learn usefull thing about crypto price after looking bitcoin price today.they understand cryptocurrency could not give us huge money in short time except there was big hype in market.

[sinkfish]

waiting patiently for the price come back.

[Karlinz]

This is not far from the truth, the analysis is so on point, their may be a price rally but it will be very unlikely to see a huge rally like we had in 2017. Looking at the history of bitcoin and when such happens, it takes approximately two years for another all time high to be recorded, meaning we may have a similar rally in 2019/2020. Crypto is interesting and those accumulating right now will have better chances in time to come

[henmark]

If the US and China do not trade war, I think Bitcoin is still at $ 15k per coin. That trade war has a lot to do with us. Investors have suffered a lot of losses when the stock market and the crypto market went down. So we need to wait for our market to recover.

Even without scaling, I really do not think, in the end, the market will not still keep going on with its uptrend. I am sure a time will come when we will eventually see the boom when the mainstream kicks in which apparently will have a lot to do with scaling as you said, but we also have to understand that even with that, the market has always been moving up with speculation.

It may not be this year, but as time goes on, I believe that we will still get to see some increase and with scaling, we will even get to see more development and adoption which would even make things even more interesting.

[Slow death]

Crypto is interesting and those accumulating right now will have better chances in time to come

true, who has a lot of money and bought bitcoin now, so that person made a good investment and will have high profits in the next years

I think compared other previous year, on 2017 is the biggest grow for Bitcoin, the price of Bitcoin was growth about 30 times, and will be many trader and investor take profit from it. So when seller is more volume in the market the price will going down. In fundamental , also because too many FUD and bad news so many trader decide to sell in loss.

huh?bitcoin price grow upto 30x?When did this happen?Never heard about this mate,i believe in December 2017 bitcoin value hit $20,000 but before the growth the coin has already almost $4,000 so wheres the 30x growth from that.?or this is just a joke?

I also do not understand, according to the chart, I can not see where this 30X increase comes from.

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

I totally agree with you. They have been drawn into this game and are receiving the worst investment in their life. I think this market is in a very difficult period and any news can not make the market recover well. The best way now is to invest long term and wait for long before the uptrend begins

We still have good news for the future.

Unconfirmed: US Regulators Could Approve Bakkt BTC Futures Launch in First Week of November

If we have positive confirmation and in the future is a very successful project, then we will see a great future for bitcoin and the price can also rise, Is true that many people lose money because the price fell a lot, but the truth is that these people are only going lose money if they sell their coins