This price drop has occured before

[leonair]

You made a comparison to a two chart with similar price drop but different time frame? everybody can make an assumption in Bitcoin charts though but I'm not against with you.

For now, I see no reason for Bitcoin's price to pump up but at the same time to go down either, what's happening right now is a corrections to the massive increased in December last year. No matter how professional you are when it comes to cryptocurrency's market you are nothing .

[PsylockReborn]

These fluctuations of bitcoin values made this technology more fun and exciting to invest in. We all know that bitcoin value is very volatile and there's no one that can predict its future values so we understand fully that its just normal for a crypto to fluctuate that much. I'm really hoping that by next year, the crypto market will recover from this bloodbath. The best thing for us to do right now is take advantage of these huge dips by buying more discounted coins that we can surely profit in the next few years.

[athanz88]

I agree with you, there are FUD everywhere now. But like your title says, this drop has occured before and bitcoin has survived all of it, and bitcoin become the most expensive cryptocurrency after that, in December 2017 (if i remember it correctly). For me, based on that event , i will trust bitcoin, no matter what, and will not panic when i heard bad news, fake news, or FUD. In short word, HODL.

[MelnykonTech]

The markets are definitely cyclical, its justva matter of waiting out the storm

[Siren]

World Cup 2018! Thats it

So whats about world cup?is there anything this can do about this flowchart?if none stay in silence because youre not helping

If this chart says about same scenario is happing this 2018 meaning we may taste the victory and bullrun in 2019 .so theres no mery xmass and happy new year then.

But i doubt it,because if this is a occurring of what had happen in past price should be around $2,500 now and wound stay in $6k for long,am i right?

[AliMan]

You made a comparison to a two chart with similar price drop but different time frame? everybody can make an assumption in Bitcoin charts though but I'm not against with you.

For now, I see no reason for Bitcoin's price to pump up but at the same time to go down either, what's happening right now is a corrections to the massive increased in December last year. No matter how professional you are when it comes to cryptocurrency's market you are nothing .

Looking back at history it is clearly that we've seen it before and it's not new to us. Despite the struggle and trouble that bitcoin is having right now there still hope because I know that it will be able to overcome this kind of situation. Just like in the past bitcoin had shown us its ability to rise up from its fall so there's nothing to worry about the current problem. Let's just wait until bitcoin prove us again that it is worthy of our investment trust, effort and time.

[tylerderden]

For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.

But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.

So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.

Both of these graphs looks pretty similar and if this trend continues next time also then bitcoin will go more than $200k in 2021 end and then will drop to $20k so the next time i will sell my coins at the high next time and buy back at $20k to $40k. This time I missed the opportunity of selling my coins but when the bitcoin price would reach $200k+ then I will sell most of my bitcoins as I will be able to buy those back at a low when the market will fall again.

[Kakmakr]

I also feel that this is a storm in a cup and that the drop in the price is just a correction from a heavily manipulated price increase in 2017. There are also a lot of good things happening on the development side with the Lightning Network and institutional capital has not even touched Bitcoin yet.

Bitcoin weathered most of the storm with the SEC investigations and also the small hack that occurred on one of the Asian exchanges and also the ban on Crypto currency advertisements on social media platforms. 

[Umar001]

Yes, if you are student of history, you can refer back, that the price drop is not new thing, it had happened before,thou price drop of btc,  can frustrate investor,  market price of bitcoin  will soon appreciate again.

[S.R Rikto]

The market can always behave unexpectedly, sometimes against the news, and we can not do anything about it. But the concept of Bitcoin is really valuable and cryptogrange makes progress in the society, then everything will be okay. And Bitcoin can move forward.

[whirlcoin]

These fluctuations of bitcoin values made this technology more fun and exciting to invest in. We all know that bitcoin value is very volatile and there's no one that can predict its future values so we understand fully that its just normal for a crypto to fluctuate that much. I'm really hoping that by next year, the crypto market will recover from this bloodbath. The best thing for us to do right now is take advantage of these huge dips by buying more discounted coins that we can surely profit in the next few years.

Yees you were right the volatility keeps us interested in the bitcoin investment in the hope that the price will increase again so we have to buy when the prices dumps if we want profits.we may see the price bump in the nesr future but we dont have to expect a growth lime in 2017 again.

[Direwolve735]

For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.

But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.

So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.

Your analysis and these graphs are very good arguments in favor of the fact that bitcoin will certainly restore and further strengthen its position. We need to have patience and wait until the situation on the market changes. Investors should again see prospects in the bitcoin and understand that it is a reliable means for investing.

[Maame Esi Sergio]

I think that analysis is a bit of relief for me. Although in each of the years compared there was a drop in price of bitcoin, but comparing the value from 20k to 6k and 1.2k- $250, Don't you think this price gab are too huge to be compared. Beside, the FUD rate for 2018 is much greater as compared to 2014 since most people did not know much about bitcoin.

[jamesblue1]

Crypto world will never be the same forever ,there will always be a constant change in terms of coin value as expected from its starting value. Well, for me december 2017 was one of the BTC's biggest success and I hope for more of these kind of success to come .

[alex_gr_cc]

I agree. The market is still very young. He has not yet shown his real growth. Business is just beginning to implement the technology of blockchain. Still ahead and at bitcoin, and at all cryptomarket

[cryptoblue77]

The current bitcoin price drop is not unusual, it had happened before, but after that bitcoin recovered well. So, i strongly believe that bitcoin price would recover again and it may double by the end of this year.

[paul00]

Great work on the research on how you breakdown the difference between 2013-2015 and 2017-2018. I hope everyone will see this and never make a negative news about bitcoin since we already experience it. We all know 20k usd are hard to get for now but eventually maybe we will experience it again. We should trust the future of crypto.

[dothebeats]

The amount of money invested in infrastructures, services and machines dedicated to bitcoin is also one fact that everyone should rely to. I think the amount of time and effort invested in bitcoin is enough to  speak about why bitcoin wouldn't go bust in the next coming years. Many people wouldn't like it and wouldn't permit it since they'll lose an important profit-maker in their lives. It can crash as hard as it could but always remember, it wouldn't get there if not for people who pushed it hard in the first place, and think of the industries relying on the coin's performance over time, so yeah, fear-mongering and FUD will remain as is since bitcoin is here to stay.

[cryptojac17]

Great work on the research on how you breakdown the difference between 2013-2015 and 2017-2018. I hope everyone will see this and never make a negative news about bitcoin since we already experience it. We all know 20k usd are hard to get for now but eventually maybe we will experience it again. We should trust the future of crypto.

There is a saying that  goes what does not kill you make you stronger, this is what happening to bitcoin for  many times bitcoin struggling from bad news and destruction  bad propaganda and even from  hacking but still it strikes back and become more stronger coins. Because bitcoin  been through with these many times.

[talkbitcoin]

for bitcoin this type of ups and downs which look more like a roller coaster is a normal thing and will remain for a long time until we reach mass adoption and a much bigger exchanges to trade on. until that day we will continue seeing this type of huge rise followed by a bubble and then a correction and a lot of panic sells.

and guess who regrets their decisions in a year from now? the panic sellers.