2014 vs 2018

[timerland]

Not only that, but it took how long for bitcoin to reach another all time high at that time from the $1000+ peak? A few years. The peak was at December 2013, and the new all time high took place at
May 2017 (look at chart below). It took more than 3 years for bitcoin to reach another all time high. Holding bitcoin is probably not for you if patience is an issue. Bitcoin is a huge ass waiting game.

A graph showing December 2013 to May 2017 BTC prices:
*with a crappy yellow line drawing attempting to show the part where bitcoin had the next ATH*



source: https://coinmarketcap.com/currencies/bitcoin/

For sure. I think that it is clear now that essentially, bitcoin prices generally move in cycles which recur every 4 years due to the halving as a point of bullishness.

Even though there are obviously factors such as bans and restrictions which influence the price, the macro trend seems to be the same over the years that bitcoin has been traded with this exact observation. It makes sense to think that 2020-2021 would probably see sparks of new bullishness, when you combine the fact that the historically bullish halving is happening and all the institutional investments and investors that have been accumulated over the bear market.

Whether the all time high will be broken or not at this stage is completely unknown, but prices I believe right now are pretty much doing exactly what was happening in 2014 and bottoming out. There may be some more way to go downwards but it should be close to the floor from this point on. It's definitely worth buying BTC at under $6k for sure.

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[OrangeII]

if comparing bitcoin in 2014 with this year, of course this year is still better. based on price, this is getting better, because of that I am still grateful for this high price. well, but, I think, the development of bitcoin will not end now, and of course I'm sure the price will return high in the future.

[beerlover]

The chart is a bit misleading, the price didn't stayed under 200 or so dollars for a long time, yeah it didn't reached the 1200 dollar levels for a long time but it was still going up a bit compared to what it dropped. Look at what it was during the may 2014 times and January 2015 times and compare that to rest of the chart, it wasn't staying stable it was still gradually going up but instead of going high at once in half an hour it went up over couple of years.

I wouldn't mind bitcoin going up slowly over years, I can take 5 thousand as long as I know it will go up a thousand dollars on average every single year. Look at January 16 to January 17, the price went up a lot between those times too but the only difference is we are so used to it going up like that in a week that we are not phased by it going up like that over a whole year. Let's hope it goes up like that this year, I will be happy with that.

[piebeyb]

lol, it was fun I saw a lot of people hearing my analysis of the price of bitcoin, I waited for prices below $ 3k to buy it back next year

[exstasie]

The "unfortunate" part is that declines occur slowly, but peaks are too fast.
I would have preferred the opposite.

Yep, it's a slow bleed riddled with quick short squeezes. It doesn't look quite like 2014, but it feels pretty similar.

I see a possibility of btc being at 100K as well as 2-3K, but i cannot determine the relevant probabilities vs time.

As such, i decided to treat my retirement savings and btc as consumables, although i don't need to start "consuming" them now.
Sold 2/3 of my fiat investments for cash/short term bonds.

Alas, crypto/btc might be much more of a longer term project that I would have liked.
I don't believe in magic wall street money coming and rescuing the hodlers.
Well street likes to push stuff down before buying in.

That's true, institutions are ruthless on the order book. They also like to accumulate deep into bear markets and over long periods. We haven't even made it a year since the top. Regarding Bakkt or ETFs, I don't think institutions are waiting for regulated instruments so much as waiting out the market cycle. It's still winter.

[hahay]

So, if this event would be the same as in 2014 would the price fall be around $ 1.2k? It is inconceivable if the price of bitcoin falls that deep and requires at least three more years to see an increase occur in bitcoin. I did not feel something would happen just like in previous years, the hope of recovering in the near future is always there, but it seems that by looking at some analysis it seems that the prediction is quite reasonable.

[iqlimasyadiqa]

Relax!

in 2013 bitcoin was $1045 and in January 2015 bitcoin has seen $207!

We are seeing the same problem right now. Bitcoin has fallen 80 percent! just 3 years ago.

Bitcoin will rise again. It takes time to see another bull run.

Bitcoin might see $4000 and it is totally normal.

If you compare 2013 and 2017, the chart is almost the same.

Yes, events like this have happened and we should not worry because conditions can be so fleeting. Now there is a dumping of Bitcoin prices and it is possible that at the beginning of next month we can see positive price movements. For example what happened in 2014. Now we must have a high sense of optimism, whatever happens we must try to think positively and hope that the price of Bitcoin can return to a good phase.

[exstasie]

So, if this event would be the same as in 2014 would the price fall be around $ 1.2k?

If we apply the 2014 model, price would bottom around $2,500-$2,600.

Going by horizontal S/R, volume profile, and the 200-week MA, I think the $2,900-$3,200 area will be a good place to buy.

From an Elliott Wave standpoint, we shouldn't drop all the way to $1,200. An overlap like that would signal an end to the long term uptrend going back to 2009.

[Work4cryptos]

Yes I see this year almost similar to 2014, memag sometimes price movements do not always occur like the historical trail that has passed, but it proves that there are still many opportunities for bitcoin to pump prices back.

Well I don’t know what has happened in 2014 but yeah there is a good boom in coming few days. Bitcoin have survived whole year and it is going to see the blossoming days coming ahead.

[KorakPawon]

Relax!

in 2013 bitcoin was $1045 and in January 2015 bitcoin has seen $207!

We are seeing the same problem right now. Bitcoin has fallen 80 percent! just 3 years ago.

Bitcoin will rise again. It takes time to see another bull run.

Bitcoin might see $4000 and it is totally normal.

If you compare 2013 and 2017, the chart is almost the same.

I totally agree. we don't need to be worry about this situation. Bitcoin has faced even worse situation and able to overcome the crisis. All we have to realize is that Up and Down just like the current situation is common happen in bitcoin, it takes turn and it's natual. We just have to be patient and keep believing that in the future bitcoin will hit the highest and of course there will be a probability on hitting the lowest.