This price drop has occured before

[resty]

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.

Absolutely! That is why history was there, for us to study and to avoid bad decisions that happen before. With that we should not panic and just monitor the changes to know the right time to invest, to sell and to buy. As of now Bitcoin is still leading in the market, just look to the possible alts that can be use as efficient as Bitcoin soon. Really an improve version of Bitcoin.

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[wormgummy019]

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.

Yes, the price drop is occurs every year. It is the nature of bitcoin that the price falls down. But the price will rise up again just wait for a few months and the price will rise again. Bitcoin price repeats itself, it goes up and it falls down.

[Jack_Sin]

no need to worry, the current situation of bitcoin that ever happened that drops more than the current price and the passage of bitcoin time will increase again, believe me

[Cassy14]

it's been a long months for the cryptocurrency in this bear market.
we thought they will go to the moon but suddenly a sea of red will wave again.
are we coming with the rockets soon? or will stay here at the ocean?

[supermine]

FUD can kill the newbie here in crypto but not all and example is me

cryptocurrency is so good even a lot of drops happen and i earn a lot here

forever is real like the conveniece here in crypto so for this is nonstop

FUD is the main thing that causes price drops in the crypto field not only the newbies which can trap most of the crypto currency investors.We need to understand that crypto currency is not for only earning if we change that mindset then we can stop these price falls mostly which was invented for using our money with our desired level.We can't say it is forever because still very few people using crypto currencies when comparing the world population so forever is possible only if the whole world accepts bitcoin as a currency.

[bitcad4u]

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.

From 2012,we had faced many up's and down in the bitcoin price.If you analysis the market in good manner.You will come to know onething,all the investors of certain price will get profit at the next maximum raise.To get that profit,you have to hold your bitcoin in your wallet .

[Gotumoot]

no need to worry, the current situation of bitcoin that ever happened that drops more than the current price and the passage of bitcoin time will increase again, believe me

Its easy for us long in the bitcoin to believe on that, because we've been going through this for many years. But for new in the bitcoin, its hard for them to believe, thats why some investors are panic selling their bitcoin because of the price drops. We let them sell their bitcoin, we also buy more now because it will increase later, maybe before the year ends, and if the increase happen, i think they will learn that the dropping of the price of bitcoin is normal, because bitcoin is volatile, and when these situation happens again then they will not worry again.

[Harrisonimo]

As much as this trend as repeated itself before in history, I see the feelings/behaviour/attitude of traders affecting the break of the bull run. With a lot of people now involved in bitcoins, having a bull run will be equivalent to making a large populace wealthy! This is somewhat hard to achieve and allowed to happen.

[poplolnman]

drops like this are more common that people think. they happen almost every 2 years. we have some sort of a roller coaster here that is where the name and also that popular meme on reddit comes from anyways. the most important thing to have in mind is that no matter what swings happen in the short term the long term remains bullish and rising.

Hmmm then the thing makes people wondering is .... What make the pattern happened like once in 2 years ? I see it even like a random pattern at some point. Decentralization makes crypto market in an unsteady waves , the swings go down now ... And to recover it we need some time like at least a year , counted since February this time, just make your own guess now..

[khaled0111]

It happened before and it will happen again.
The market is too volatile and there will be always ups and downs till it reachs a point of stability which will not happen any soon.
Whales are manipulating the market and weak hands are following and being submissive.

[markleal]

Hi there kryptqnick! That is an amazing chart, I could hardly see what are you pointing about. That same up and down occurs synchronously in the timeline you have specified. Some of the alts are even doing the same history and not just in bitcoin. I think alt coins price are dependent on the bitcoin swings too. I am pretty occupied this few weeks and never thought of checking the charts. I hope that chart could serve as a guide in bitcoin trading. But, I have set my goals and trade in a long-term wishing that the price will skyrocketed again on november or december.

[jeffer8035]

if you have to have confidence in the strength of bitcoin if the story does not lie these retracements have already passed and have recovered and there are signs of climbing the critomarket is noted and entry of new investors and old people who are returning again and soon get into again the whales that have great influence in the market must be vigilant from here to December and we have the price I had in the end of 2017

[mostcrack]

Always calm with every situation, I understand that many people who try to keep their Bitcoin strong after a sharp decline at the end of last year are very risky to go deeper after showing a remarkable rise at the time, so now people are more cautious and more eager wait until the price is cheap enough, do not worry about the future of Bitcoin getting better now, just need more people believe to achieve extraordinary price.

[Gintama214]

It is actually normal to when the price increases and it drops because this is what investing is if you check the stock exchange it does the same. It increases over time but also it decreases in some time but It will still recover again and do the cycle again. If you think about this, the price of bitcoin was only cents but now look how high it is which is in thousands, which we all did not expect it. There is no need to worry because many of us believe that bitcoin will increase over time and we just need to be patient and wait.

[jagdeepjd]

Agree with you bitcoin has been tested times and times again when everyone thought it has died it rebounds strongly and makes new ATH. the charts look similar to historical movements in the past and I strongly believe bitcoin will rebound strongly soon. Things are very different at the moment and bitcoin is just getting ready for a next massive move.

[Pitagora87]

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.
https://i.imgur.com/6QdogmA.png
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.
https://i.imgur.com/0DoK0Js.png
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.

I totaly agree , it is normal when something jumps very fast that the drop will be much faster and of course longer recovery it's needed . This is not just happening in crypto world if u look at joint stock companies the same thing is happening to them , so stay calm and dont panic

[therhslv]

That graph really looks kinda similar . I really believe its just a beginning . Would  be really nice to hit 1 trillion marketcap this year . There is few other pictures over internet comparing past years and they all look almost so same , but every year marketcap got bigger and bigger .

[Nakakapagpabagabag]

Agree with you bitcoin has been tested times and times again when everyone thought it has died it rebounds strongly and makes new ATH. the charts look similar to historical movements in the past and I strongly believe bitcoin will rebound strongly soon. Things are very different at the moment and bitcoin is just getting ready for a next massive move.

Bitcoin going through this in the past, and bitcoin always proved its capability. Bitcoin have many bad news spreading about it, but bitcoin always proved them wrong, and always make a move to be the best and most trusted of all the coins. The dropping of its price now is normal, its because of its volatility. We were just in the middle of the year, there are many more months to come, and i believe that before the year ends it will reach its peak again, or even higher than before.

[Mpamaegbu]

Often I want to remain optimistic that Bitcoin will rebound and hit an enviable rise and then I force myself to reconsider that times have changed. OP, quite alright the historical graph you showed but also remember that then and now aren't the same. At that time there were very few cryptos in the market as against the overwhelming 1,700+ cryptos now. The attention and crave for bitcoin is now divided. I hope what I am thinking doesn't come to play here, anyway. If it does, it will be a hard time for bitcoin getting up back.

[vv181]

Bitcoin has ever done so many bubbles for a long time ago, and yet at back then until now a lot of people that think Bitcoin going to be dead, and others many FUD. Yet Bitcoin comes back stronger and rise higher than before. If we analyze the chart closely It just repeating pattern.