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

[metribitcoin]

In this year Bitcoin and others crypto does not growth because all crypto already overbought and crypto turned in to down trend. This is just cycle of bullish to bearish, crypto will never going up forever without going down, but after long bearish the market will has potential to change to bullish. Only trader that always patient waiting for that will make alot of profit.

[NewRanger]

In this year Bitcoin and others crypto does not growth because all crypto already overbought and crypto turned in to down trend. This is just cycle of bullish to bearish, crypto will never going up forever without going down, but after long bearish the market will has potential to change to bullish. Only trader that always patient waiting for that will make alot of profit.

its common happen to all market and not only on cryptocurrency market.if there are negative issue and sentiment come, there are massive selling happened.

[avarnet]

In this year Bitcoin and others crypto does not growth because all crypto already overbought and crypto turned in to down trend. This is just cycle of bullish to bearish, crypto will never going up forever without going down, but after long bearish the market will has potential to change to bullish. Only trader that always patient waiting for that will make alot of profit.

its common happen to all market and not only on cryptocurrency market.if there are negative issue and sentiment come, there are massive selling happened.

because that caused huge sales with negative news regarding bitcoin and the crypto market as well, so with so many people selling bitcoin and their altcoins it would be faster for the market to decline and it would be very difficult to increase

[Yatsan]

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.

Ideally bitcoin is quite stable for now because it is already grown, who thought bitcoin could reach this far? at $6000? about a few years ago it is just a mooning speculation but it happened last year. Another thing why bitcoin does not giving signs of hype this year because lot of altcoins are showing positive outputs and great player in the market right now.

[Robertqueen2]

Bitcoin grows slowly for the reason it has the enough time to establish a solid system. What happened in 2017 with the rising of prices is just to make media frenzy and to most people attention.

[Pattart]

In this year Bitcoin and others crypto does not growth because all crypto already overbought and crypto turned in to down trend. This is just cycle of bullish to bearish, crypto will never going up forever without going down, but after long bearish the market will has potential to change to bullish. Only trader that always patient waiting for that will make alot of profit.

Thats right, it could be like that. when there was an overbought last year and then a downtrend would occur. of course the conditions in last year made it possible for pump prices happen, like many positive news circulating, halving, and so on. so the price change was not as high as last year..

[oceantiger]

Bitcoin has not been able to break the resistance of $7000 for months now even the much-expected rally that will usher in the last quarter of the year is like it will not happen. 2018 has been a bearish year for bitcoin and other altcoins making it really difficult for them to make new high or beat 2017 high.

[secondbtc]

During 2017 Price Growth is very High and sudden price drop create fear among many new investors so in 2018 price growth is not so high when compared with other
years

[ufalo3]

In this year Bitcoin and others crypto does not growth because all crypto already overbought and crypto turned in to down trend. This is just cycle of bullish to bearish, crypto will never going up forever without going down, but after long bearish the market will has potential to change to bullish. Only trader that always patient waiting for that will make alot of profit.

its common happen to all market and not only on cryptocurrency market.if there are negative issue and sentiment come, there are massive selling happened.

The hype is over. Many people decided to sell Bitcoins and many cryptocurrencies. The demand in the crypto is not as great as it was in 2017. We need to wait for some time for the next bull run.

[Diced90]

Bitcoin growth isn't as fast as we would like because it has hit a wall. There are many investors afraid to invest in BTC due to uncertainty factors regarding BTC price and usage.

[Harlot]

Because most of them have sold all assets when Bitcoin reaches 17500 $, then there are also those who are hit and run, as if they only want to make a profit and then leave. So the price of bitcoin in 2018 has decreased and the volume at 2017 vs 2018 is very different.

Not all people have earned during the crypto bull run we have experienced during December 2017, the only ones who got guaranteed profit are the whales who have started the panic selling, the rest which is the majority all suffered a loss (both in paper and in real life), this triggered a bear market which also have decreased the buyers' confidence. This is what really is affecting BTC's price right now that is why we are seeing a slow year for Bitcoin as we need to reset the confidence in the market, and the only way to do that is when we see another price rally in the market.

[EXtremeAEX]

In my opinion the situation is different.
1. For many people, this technology also remains new, just like a year ago. Yes, in 2017, the name "Bitcoin" was widely known. But do you think that many of ordinary people know about blockchain technology  in the whole? I think not. People have heard about Bitcoin, but they have no idea what it is and why it is needed. And the whole market of crypto currencies with its variety of coins in reality of these people do not exist at all.
2. I agree that after the price falls in 2018, many people will be more careful to invest in cryptocurrency, but this is not something that can really stop the rapid growth. Human psychology is such that we easily forget the bad if something good appears in our life. So with a steady increase in prices, most investors will forget about caution and will again begin to buy cryptocurrencies.
3. As for people with negative balances, the majority has long been out. Some of them surrendered and resolutely sold a whole coins in minus, and some traders simply sold negative positions to earn money on other more promising coins (or in any other way).
The main thing is that now only true believers remain on the market with negative positions. Those who are holding their coins.

The bottom line: I am sure that the market situation is not as difficult as you describe. After a while, a new rapid increase in the price of bitcoin will begin.

[gorodi]

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.

Ideally bitcoin is quite stable for now because it is already grown, who thought bitcoin could reach this far? at $6000? about a few years ago it is just a mooning speculation but it happened last year. Another thing why bitcoin does not giving signs of hype this year because lot of altcoins are showing positive outputs and great player in the market right now.

Bitcoin stability lets me think that this cryptocurrency will not change its price critically for at least several years. I am looking for the bears market but now, I do not know when it comes. Still hope, everything will happen this winter.

[Leonard2016]

I think the main reason was the futures market , when bitcoin went there , professional traders with big money came to the game and this market controlled the rising of its price , also crushing of ISIS was another reason In my view because they used to use bitcoin for money laundry , and when they crushed bitcoin loses a big market of its dealers .

[Linkkoin]

2018-2019 is the period of bear market (so was 2014-15). But now it is a bit different, as it is much harder to advertise for the crypto industry. Therefore you do not hear in media much information about cryptocurrencies, unless you are already an enthusiast.

[Hamphser]

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.

Ideally bitcoin is quite stable for now because it is already grown, who thought bitcoin could reach this far? at $6000? about a few years ago it is just a mooning speculation but it happened last year. Another thing why bitcoin does not giving signs of hype this year because lot of altcoins are showing positive outputs and great player in the market right now.

I totally disagree with this one. Why wont consider on the current condition of the market? Stability might shows different possibilities but i cant
really see a reason that BTC already grown and so as with altcoins in the market. They arent almost moving and we are still keep lying low already almost
a year. Nearest possibility is that theres no so much demand which can create activity in the market.

[lamadu3]

Bitcoin grows slowly for the reason it has the enough time to establish a solid system. What happened in 2017 with the rising of prices is just to make media frenzy and to most people attentio

I suppose, the next slash of Bitcoin price will happen, but we do not know when. People are very interested in the cryptocurrency. I see that even in my surrounding, many guys are eager to buy BTC.

[worldofcoins]

Because the fear of losing overrides investment attraction. Too many people experiences loses which they're not happy with and that's not because of trading but simply because the market is too sensitive to news and reactions, causing huge price drops.

[Flor1982]

The most common reason is the bearish market which still in effect that this bearish was happen due to lot of factors like FUD, scam, regulations, and possibly the market manipulation. If these things are in crypto space then for sure it will make most of the people to stay away from Bitcoin in fear that no wonder of why this year the real demand is average decreasing.

[royaleFlag]

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.

Ideally bitcoin is quite stable for now because it is already grown, who thought bitcoin could reach this far? at $6000? about a few years ago it is just a mooning speculation but it happened last year. Another thing why bitcoin does not giving signs of hype this year because lot of altcoins are showing positive outputs and great player in the market right now.

Bitcoin stability lets me think that this cryptocurrency will not change its price critically for at least several years. I am looking for the bears market but now, I do not know when it comes. Still hope, everything will happen this winter.

Yeah, I agree. If you are saying it will keep on this price for so long time and can increase in gradual fashion then yes, it is more likely to happen in this way. But we still can’t predict.