Today is 1 year since Bitcoin price reach its ATH (~$20,000)

[Bytem3]

Bitcoin reached $20,000 a year ago since today. It's been quite a huge drop since then (over 80% drop since then).



There's been quite a few similar drops over the years:


When do you think we will reach new ATH?

[sunsilk]

Didn't noticed that its already a year since the all time high days. If we will compare 2015 and 2018 which means 2016 doesn't really have much action so be it by 2019, we'll experience the same?

The chart is okay but I don't think 2019 will don't create a buzz. Institutional money is about to enter the market so I think it will be the entrance of big investors by 2019 and probably the start of the bull.

[Jash1989]

Bitcoin reached $20,000 a year ago since today. It's been quite a huge drop since then (over 80% drop since then).

There's been quite a few similar drops over the years:
https://i.gyazo.com/1e547773b8644f92ed540cbde440795f.png

When do you think we will reach new ATH?

This picture actually gives me a pretty hopeful and positive feeling about the future. Showing that actually nothing seriously is going on right now.

[HODL2090]

The previous all time peak before the high of 2017 was in 2013. So it took bitcoin about five years for it to reach and eclipse its previous peak, and it made a huge jump which attracted lots of attention and investments.

We would not want to take that long for Bitcoin to eclipse the current peak, but this is an unpredictable field and anything is possible.

[anjho.ace]

Time flies really fast and i didn't noticed that its been a year since then.
I hope we can have a new year of cryptocurrency as we go to 2019.
I hope that it will be better than ever, 2019 will be an uptrend.

[swiftbits]

The previous all time peak before the high of 2017 was in 2013. So it took bitcoin about five years for it to reach and eclipse its previous peak, and it made a huge jump which attracted lots of attention and investments.

We would not want to take that long for Bitcoin to eclipse the current peak, but this is an unpredictable field and anything is possible.

That's right! price is very unpredictable and it might take long before the next ATH, but since BTC has increased its popularity I think there's a chance that it might climb swiftly than before.

[budiarmed]

This year is the opposite of 2017, where the value of bitcoin is jumping high, although this year it is low but bitcoin still has the potential to grow. I think that in 2019 bitcoin will make a recovery and can achieve as in 2017.

[proTECH77]

Bitcoin reached $20,000 a year ago since today. It's been quite a huge drop since then (over 80% drop since then).

There's been quite a few similar drops over the years:


When do you think we will reach new ATH?

This picture actually gives me a pretty hopeful and positive feeling about the future. Showing that actually nothing seriously is going on right now.

Panic investors need to read and see OP pictures for them to calm down and understand that nothing is impossible in the world of cryptocurrency. This post has cursion my doubt and put me back on track to see the big task ahead of 2019 were anything bullish can be seen.

[cherryganda]

6 months from now we will see the new ATH for BITCOIN and ETHEREUM.
This will be a big leap for 2019 and the people in the cryptocurrency community will rejoice once again.
And all those negative people will knee down and cry why they dont adopt the sytem.

[Bytem3]

The CEO of Circle, Jeremy Allaire said that Bitcoin and Ethereum dropped because they were heavily oversold but despite that they have a very bright future.

Check out this video by CNBC:
https://coincodex.tv/videos/522/the-circle-co-founder-jeremy-allaire-expects-crypto-valuations-to-increased-have-a-bright-future/

[Hivalley]

One year ago we were having more than enough investors trooping in to simply get a bite out of the cake,but right now only the genuine ones who believe in the tech would remain

And that's exactly what makes the system unpredictable,as we do not know what can happen next as regards whether or when we'll be seeing an all time high anytime soon

[realcrypto]

This analysis is a source of hope to those that are depress over the dip this year. This analysis is showing us that history is just repeating itself. Thank you very much for this post.

[dothebeats]

Ahh, the good old days when I can buy a Carolina Reaper chili sauce from San Francisco with spending only a few bucks using bitcoins. I miss those times when my few bits were buying me nice things, but then again the price has to come down to a certain point where it can be sustainable again, and we all know that $19000 was a bit of extreme and literally oversold for bitcoin. I won't be expecting another ATH for the next year, but I do hope that developments and cool projects continue to rise on the cryptocurrency sphere even if the price continues to stall. There's more to bitcoin and crypto than price alone, and we already witnessed several great projects come to fruition due to their inspiration from the said tech.

[1Referee]

The funny thing is that last year on the way up I expected nearly every round price level (e.g. $3000, $4000, $5000, etc) to be the peak at which the market would correct, but it kept going up like crazy. This year we have seen the exact opposite; every level people considered to be where the bottom would be at, it broke through almost every level effortlessly.

People right now act like 'you should have sold last year' while they fail to realize that it could have gone to $30-$50,000 just as easily. Basic market logic is that you don't short that what's going up with the momentum behind it to back it. Asia peaked at like $26,000 so it wasn't even that crazy to think about $50,000 levels. It was 'just' one doubling from there.

[Rohtox]

it is a great history and I will remember it. yes I believe bitcoin will make new ATH again, one day but it won't be fast it might take a few years or maybe if a lot of good news about bitcoin comes and makes investors back to believe bitcoin maybe that will quickly prices will go back up and make new ATH

[bellamente]

I thought it was the worst year in Bitcoin history. It turns out he had problems in 2011.
What awaits us next? bitcoin for 100,000 dollars? Or 1 million dollars?

[hardcore_cryp_trader]

It feels like it was just recently. I remember everything that happened after that. It seems to me that the day is close when the price rises sharply. It is strange that the price fell exactly one year and only now has stabilized at its minimum.

[Lumi3004]

I do not think the length of Bitcoin this year will penetrate again in the position of $ 20,000, if seen from the current movement of bitcoin, whose name is the investment world, it could or did not occur, the movement of bitcoin this year is rather difficult to predict the real price, but Ihope that bitcoin in 2019 can rise and at least reach $ 15,000 at least.

[Futureglory]

I so remember the fever then for bitcoin, for sure it has been a long journey within this one year for bitcoin. I strongly hope as we got there last year, the tables will turn and we will hit there soon. Lets not give up on bitcoin. We all know what it can do.

[Upgrade00]

It has sure spiraled down since it reached the summit, holding off well around the 60% drop mark for several months and then a massive free fall over the past four weeks.

But considering what lead to the pump of last year, it could be categorized as a bubble and was sure to burst at some point.
A more steady growth would be more beneficial to the market.