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Author Topic: All Red and worried? Zoom Out and see the whole  (Read 484 times)
Blackforce (OP)
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August 14, 2018, 01:56:05 PM
Last edit: August 14, 2018, 02:14:01 PM by Blackforce
Merited by LFC_Bitcoin (1)
 #1

All Red and worried? Zoom Out and see the whole.

Bitcoin ($BTC) Price History - Log Scale with rewards halving days marked

Credit:
https://t.me/whatsoncrypto
https://t.me/howmuch_net

jurgen444
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August 14, 2018, 03:40:44 PM
 #2

I just saw a technical analysis scheme like this. the more days it will be more difficult to mine bitcoin, with the increasing global market capitalization I also believe that next year bitcoin will be more valuable, I like this .. Wink

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goodman4hire
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August 14, 2018, 03:56:03 PM
 #3

This crash really is just an opportunity for the little guy to get in while the banker elite shake the weak.  The people selling now are the poor in the future telling their grand kids how close they were to making big money. 

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Blackforce (OP)
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August 14, 2018, 04:41:14 PM
 #4

All Red and worried? Zoom Out and see the whole.

Bitcoin ($BTC) Price History - Log Scale with rewards halving days marked

Credit:
https://t.me/whatsoncrypto
https://t.me/howmuch_net

 
This chart is pure crap, in no way are we seeing 10millipn a btc any time close to soon, even a million a btc seems way too far fetched for 8 years from now.

The good thing on this chart is to look at the price history and where it is moving. In long term obviously. Secondly, it provides information about Rewards Halving which is good for newbies to know. If it looks "crap" to you then for some people it is a vision to see which trend bitcoin is moving, or, crawling in long term.

Yes, 10mln bitcoin is something you dont see it now, who knows, someday they will start moving.. We know the history of those 10mln.

We, What's On Crypto Team worked hard to bring this to you and crypto fans at this bear fearful market. calling it crap, is not appreciated, altho you can share your thoughts freely. If nothing else to add, just walk away..
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August 16, 2018, 05:24:29 PM
 #5

Judging from the graph above, it looks like bitcoin will get a glory again between 2020-2021, hopefully this is true, because until now, I still save bitcoin and do not plan to sell it.

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blockman
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August 16, 2018, 05:35:17 PM
 #6

I reckon that analysis but I'll say that putting $1,000,000 and $10,000,000 isn't necessary to give encouragement.

I appreciate the graph since it includes the very history of bitcoin so this will remind those who are in worry about the bear market that we're dealing of today.

hopefully this is true
We all want that $1,000,000 and $10,000,000 but let's face the reality that we're still far from it.
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August 16, 2018, 05:54:34 PM
 #7

Is hard to imagine that Bitcoin will ever reach $ 1 000 000 but anyhow this graphic said the truth so far.Anyway, i will take 100 000 with a big smile on my face Grin
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August 16, 2018, 06:17:26 PM
 #8

It will definitely show in green if you compare the price increase since its inception. We started from few cents and now it's near 6.5k USD. So it's obviously positive. That is the reason why we have a metaphor saying " at every dip, newbies cry and old timers smile".

However, those who have adopted late, they are the ones who are mostly worried. Thanks for posting the chart!

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August 16, 2018, 06:25:24 PM
 #9

just because in the first two halvings bitcoin jumped in price doesn't mean it will increase by the same percentage in its third halving .
Let me explain , in the first two halving , number of people who heard or even invested were few compared to the numbers now and those people invested in the highs above 10k$ and won't hold till mid 2020 to see increase not to mention the bitcoin price predicted is unreal and can't reach these levels in matter of just 2 years.

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August 16, 2018, 06:32:11 PM
 #10

We will definetely see bitcoin at $100.000. That is certain for me but it will be surprising for me if that happens within 2 years.

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August 16, 2018, 06:48:56 PM
 #11

Exactly what i thoughts. All of whining about price drops is always give a bad outcome for the value of bitcoin. And people should see btc history as like this. This will give an idea how the market is on progress. Its just natural for any trading market to be down and rise. Nothing new here
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August 18, 2018, 02:54:08 PM
 #12

This analysis is really helpful for seeing the history of the bitcoin price. It will also help to predict the future price. According to this analysis, we can say that the price will rise in the next year.
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August 18, 2018, 04:18:58 PM
 #13

This crash really is just an opportunity for the little guy to get in while the banker elite shake the weak.  The people selling now are the poor in the future telling their grand kids how close they were to making big money. 
Or rather we can say that this is an opportunity for all those people who did a late entry in crypto and invested in it at the peak. The ones who sold it a higher price could buy it back now at a lower price and get good gains in the future. The ones who sold now at a lower price have obviously done a mistake as they would have suffered from a huge loss.  I would advice those people to buy it back now and just wait until BTC recovers the price as it always does and at least get the capital back than to suffer from a loss.

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hugeblack
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August 18, 2018, 04:46:52 PM
 #14

I do not think the price is moving this way although I am sure the positive news of bitcoin halving will affect the price.
If we notice the diagram you've drawn, it looks like you've drawn using a wrong scale, which means we're going to get the incorrect results.
The combined price of 3 times is not a law "can not be broken" but as you mentioned it is just predictions.
I expect the price to rise to $ 25,000 by 2020.

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Labay
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August 18, 2018, 04:56:48 PM
 #15

All Red and worried? Zoom Out and see the whole.

Bitcoin ($BTC) Price History - Log Scale with rewards halving days marked

Credit:
https://t.me/whatsoncrypto
https://t.me/howmuch_net



I notice in this picture that every year the price was getting dump and pump but the price was still too high every year or we can say that it become better every year as we see.  I think no reason to worried because we have the chance to get more profit.  Every year they always say that bitcoin will be die but every year must pump than their expect so there are tendency that bitcoin would grow up soon in this year.

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August 18, 2018, 04:57:13 PM
 #16

See how every next spike is smaller than the previous on the chart so the price wont be one million dollars,thats for sure  Grin a hundred thousand dollars per btc a year after halving somewhere in 2021 would be my bet  Cool
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August 18, 2018, 05:08:10 PM
 #17

The panic on this forum is very worrying and sad.  I love this post.  Bitcoin and crypto are fine. The big boys are here and pushing things around.  Stay firm and in good coins and hopefully you will profit. 
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August 18, 2018, 06:35:11 PM
 #18

This post has provided ample information to help the people out, especially the newbies if they are interested in it.
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August 18, 2018, 06:45:42 PM
 #19

I think that the market will become green soon. to my mind, it is better to not be worried much. i can say that you will be able to see how the market recovers and you will sell the coins successfully

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August 18, 2018, 08:13:09 PM
 #20

With just 4 million bitcoin left to mine we are hoping that the price will gradually start going up. Besides, the difficulty is increasing and the block reward is also decreasing. But the good thing is the price movement of bitcoin. We can see that the price has been going up gradually and even though there has been major fall before, it has gone back up more stronger.
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