BTC: 2014 & 2018 comparison

[pooya87]

although i don't like comparing things with the past in bitcoin but i have had the same idea for a while. i think this current situation is more like 2015 (in fact i have said it before too) where price was stable near $220 and was struggling to rise up and everyone was giving up, being disappointed, talking about 2016 halving as the savior, talking about HODL,... while others were silently accumulating bitcoin...
today however we still don't have the same disappointment and giving up on bitcoin feeling yet but we are seeing the signs and then again market is very different from 3 years ago.

[1714012018]

1714012018

[1714012018]

1714012018

[Ararbermas]

Well it's looks like a coincidence but i believe on this upcoming month the growth rate will  make the same direction again (like what we see in 2014 graph ),  because honestly market always start to accumulate on BER months and stabilized until December but unfortunately it's always plunges back as well before year end which is like what happened before. So holders expect a profits on this upcoming month .

[Oasisman]

The movements seems similar, but I dont want to expect with the result in the latter part, instead I'll just continue to hold no matter how low the dip is. At the end of the day, Bitcoin will always finds it way to recover.

[Binugon]

BTC: 2014 & 2018 comparison with a line chart which brings another perspective.

It turns out that in 2014 Bitcoin showed a positive, high and stable movement compared to 2018, I did not know cryptocurrency in 2014, after seeing this I became convinced and hoped it would repeat again in 2019, thank you for the information, but as a suggestion please indicate what alone that affected the positive movement of Bitcoin in 2014.

[hualy2]

People now complain that bitcoin is so bad, but I have an idea. Maybe we will wait and see for many years, the price is very cheap, why didn't we buy it!

[batang_bitcoin]

Woop woop resemblance is real.

Halving in mid 2020. I expect $50,000 by mid 2021. Time to just HODL & be patient..

I'm even more positive with the halving than those events that are being hoped by most today. These charts shows that we have to fill the bag now and we'll definitely be out of this bear soon.

Well it's looks like a coincidence

Coincidence or not, its encouraging.

[el kaka22]

Seems that it is time to re-stock

Well, it has been giving the restock signal for a while now. Although, a lot of investors still believe the market might still have some lows to go test in a short while, but we will get to see if this would be a repeat of 2014 as shown by the OP or not. I would not want to put my mind too much on it though, considering I can only use what is at hand to know if I should be in a market or not, but for what it is worth, the market is looking good for a while now and we even had a good close for the weekly candle.

When comparing 2014 and 2018, many people are failing to consider the other major factors like number of bitcoin adopter and business and legality of bitcoin in major countries. Because, most people do consider price levels alone to compare these years trends but just the peak price levels alone will not push markets to follow similar incidents.

[Febo]

BTC: 2014 & 2018 comparison with a line chart which brings another perspective.

Why are you using two months old chart? If you just pick this chart somewhere then tell us who made this chart? I hope you know plagiarism is forbidden on this forum and is sanctioned with perma ban.

[katrimans]

BTC: 2014 & 2018 comparison with a line chart which brings another perspective.

A falling wedge which could result to a change of trend if broken out from. It is quite a good comparison except for things being faster this time around. However, it is not always good to always want to follow this pattern without still having some back up plans in case things end up not going as expected.

At least as it is, we cannot judge the future based on past happenings. Maybe, if we break out of the wedge first without having another pull back inside the wedge, I may say, then, we have another 2014.