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

[crypmike]

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.

[Kate Beckett]

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.

[ShadowBits]

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.

It is so obvious that people with huge amount of money that can do that already knows that people are waiting for it. They will clearly wait for people to lose hope with Bitcoin and try to sell out all of their holdings, and once that happens then they will easily start to bring the price up again and people will start to be FOMOd again.

[Malsetid]

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.

You've probably summed it up best in points 1,2 and 4 dude and I've the same thinking. What happened to btc on that last quarter of 2017 usually happens to ICOS that get listed and even they don't get pumped that hard for a long time. Not a few people lost huge amounts or currently holding with a deep negative and that served as a lesson for those that got in or those that just planning to get in to btc. Though same as you, I'm also positive about bitcoin's future regardless of what's happening to it now.

[i_iz_vins]

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.

I think that is because at that time,bitcoin is gaining so much popularity and many have tried to invest on it, many people got interest on it so the price went high. But in just few days after it reached its peak,many people have sold their bitcoins and as a result made bitcoin's price worse.

[Oilacris]

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.

You've probably summed it up best in points 1,2 and 4 dude and I've the same thinking. What happened to btc on that last quarter of 2017 usually happens to ICOS that get listed and even they don't get pumped that hard for a long time. Not a few people lost huge amounts or currently holding with a deep negative and that served as a lesson for those that got in or those that just planning to get in to btc. Though same as you, I'm also positive about bitcoin's future regardless of what's happening to it now.

Mistakes can really happen to any investor yet price is way too unpredictable which cant be avoided to buy on ATH or peak prices which it would really result into negative later on due to much hope on bitcoins price and most coins in the market into last years price movement. We are being dragged out on the hype or urge of feeling that price might even more shoot up but in result we are experiecing the opposite thing. I dont even think we would see those kind of movements. Confidence would really be lesser than into those last years.

[omonuyak]

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.

[AnonBitCoiner]

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.

The reason for huge raise in bitcoin price last year is due to many reasons.The important one in bitcoin is legal one in China.In china most of mining farm was their last year.The number of trader in China is 3/10 of world investors.The ban news in China affect the bitcoin market very huge.

[boy130]

Well now we hear that apparently the growth we saw in 2017 was supposedly due to price manipulation, we would actually need to have a similar event happen this year to see the same level of gains. I think that in 2018, people are switching from a more long term trading strategy, to a now more short term strategy. Last year, few people were shorting BTC, it was all about the hodl mentality. Few people would have bet against bitcoin, so that's why I think leveraged trading (e.g. Check out 1Fox) will be more popular this year.

[bitllionaire]

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 do not think that it was a price manipulation but there were so many other reason which put wings to bitcoin, for example legalization of bitcoin by Japan was a big factor, there were some other countries who also make bitcoin as legal currency in their country, i think that after Julley bitcoin price will hope start increasing again.

[Johnyz]

The reason for huge raise in bitcoin price last year is due to many reasons.The important one in bitcoin is legal one in China.In china most of mining farm was their last year.The number of trader in China is 3/10 of world investors.The ban news in China affect the bitcoin market very huge.

Well this is all started in the concept of Chinese new year when everyone is trying to sold their bitcoin for this holiday but I think this is not the only reason why the price dump this year. People are being hype last year, so expected the price will rise high that much and this year even we hype the market there is still no reaction because people learn from the previous mistakes, and maybe we are in a normal market now.

[jojowar]

Bitcoin won't grow fast as it was in 2017 because there were so many altcoins that were developed and also because of misinformation that was fed by some social media regarding cryptocurrency.

[btc_angela]

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.

* 1. Blockchain and Bitcoin are totally different in my opinion. And I don't think that is one of the reason why they got to bitcoin in the first place. They went here because of money, it is what is it and doesn't matter if bitcoin runs atop blockchain. As long as people will find a new investment and make profits they will go for it.

* 2. You saying that newcomers will not go back to market again. I agree that there have been a lot of newbie investors who got burned. But I think they will be back soon, that is when the market bounce back.

* 3. There are a lot of resistance as well back in 2017. But just like we saw, people are willing to pour their cash because bitcoin was not yet regulated during that time. We might see correction in 2017, but we can bounce back easily in matter of weeks because of so much money flowing that time.

* 4. Yes, that human nature, and as what I said in point 2. But then again, when are we going to see the market going back again? At least 5 figures will be good to say that its safe to go back and re-enter the market again.

[GermanGiant]

I agree with you because many people invest in bitcoin but don't know blockchain technologies, just following news and friend. I think we hope many companies to support bitcoin and apply blockchain technologies.

[rommelzkie]

This is because 2018 is set to be the accumulation phase for the market. We all know that last year bitcoin surges up at a very high (20k USD) without any correction or price retracement.

We all know that what goes up must go down and this year 2018 is that year. If i were you, i will buy more bitcoins at 5,000 price level. Because this is the bottom and a good price for accumulation.

[biogesic]

So many bagholders now, just take a look at silver spending months of consolidation at a tight range. Just pray bitcoin won't follow suit LOL

[keanne_isaac]

2017 is a record breaking year for bitcoin and until now we feel that market is still correcting from its huge run up last  year and many new investor was rekt with current situation what tjey thought bitcoin is a golden opportunity  to gain quick profit but opposite happen may this current bearish season would be temporary and later of 2018 we will saw bitcoin price to its new all time high.

[arthotdog]

I believe more than that is bitcoin price is what really having now,because in 2017 it was just a bubble and now were facing the rightful price in which supposedly the value last december 2017 but suddenly whales pumped the price thats why we're expecting that big growth again that for sure will never happen this year or maybe for the next 3 years.the growth will be small by small to reach the $20,000 again so be ware of over expectations

[dungthuy]

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

[richcorner100]

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.