2019 Expectation of BTC, History is always strikingly similar？

[gentlemand]

As history is always strikingly similar.

If history is strikingly similar then we bottom and then sit around doing nothing forever until it slowly wakes up again. That's what BTC did after 2011 until 2013 and that's what it did for much of 2015 too. For most of the time the price doesn't do very much at all. It's only the spikes and the plunges we seem to remember.

I'll be impressed if we return to five figures any time before mid 2020.

[magneto]

There are only 5 days left in 2018, and 2019 is coming soon

People really have different opinions on what the trend will be in 2019

https://www.reddit.com/r/jex/comments/a9xtvg/will_things_be_different_in_2019/

As history is always strikingly similar.

It was 9-18-2017 when BTC was at 3650 last time, and then it went up all the way to 22618.27 in the next 3 months.

So will it start to surge and reach above 20000 again in March,2019 or April,2019?

Let's wait and see the result in next season

I'd say that it's improbable.

We're still deep in some extremely bearish markets, and the overall sentiment is still very negative.

I don't even think that we've hit rock bottom, yet. We are definitely close, but there is still potential for further dips, as any dump at this point can possibly trigger an irrational panic sell situation where prices crash below where the majority of demand for cheap coins is at temporarily.

Comparing 2019 to 2017 is simply not a valid connection to make, in my opinion. If anything, 2019 can be compared to 2015, which was around 1 year past the all time high of 2013. And even then, historical performance isn't always indicative of the future, even though I do expect the recovery to somewhat coincide with the 2020 halving, which is why I don't think that a longer term rally is possible at this stage yet.

[Dogboy714]

As history is always strikingly similar.

If history is strikingly similar then we bottom and then sit around doing nothing forever until it slowly wakes up again. That's what BTC did after 2011 until 2013 and that's what it did for much of 2015 too. For most of the time the price doesn't do very much at all. It's only the spikes and the plunges we seem to remember.

I'll be impressed if we return to five figures any time before mid 2020.

Agreed - there aren't nearly as many surprises in Bitcoin as people would lead you to believe. It's a growing network that is (over/under) valued accordingly. This guy has some eye-opening graphs...

https://twitter.com/100trillionUSD?lang=en

[Kemarit]

~ snip ~

It was 9-18-2017 when BTC was at 3650 last time, and then it went up all the way to 22618.27 in the next 3 months.

You can't compare them. September 2017 was different, China FUD started along that time followed by the Jamie Dimon calling "Bitcoin a fraud". And as far as I know, it didn't went above $20,000 or I'm missing something here?

So will it start to surge and reach above 20000 again in March,2019 or April,2019?

Let's wait and see the result in next season

Possible but unlikely to happen. Where do we get all the money to push the price to that levels again? Investors continue to short Bitcoin although others have pointed out that BAKKT Bitcoin future offerings might change the tide, but I have a mix emotions about it getting approval in January of next year. There might be a lot of questions before it can be given a go signal though.

[dentolas]

At this point it is not even looking like a recovery... it still has a lot of ground to cover before we can say that, and the problem is the lack of volume that seems too weak to keep pushing the price up...
I know everyone expects BTC to return to high grounds, but that can still take time.
There are a few pointers to a possible recovery during 2019, but I will be surprised if it gets back on track before the end of 2019
cheers

[naidray]

I think the bull will eventually come but I doubt it will be that quickly. For us to have a 20+ thousand dollar bitcoin at around march or April we would have to increase about seven folds in just couple months and I know bitcoin has done that before but it is quite impossible right now without the volume.

If we could somehow find a way to get people more interested in bitcoin and increase our 2 billion dollar daily volume into like 20 billion daily volume than we could talk about a huge increase in price, until that day we are not going anywhere anytime soon. However the possibility that bitcoin price slowly going up like in 2 years until 2020 may would be the best case for us, that way price will not be 3-4 thousand dollars anymore but it won't be 20 thousand all at once neither, it would get there in 1.5 years which is best for us since it would make not dropping lower easier.

[Rohtox]

it might happen no one knows the future you just need to believe it to not easily panic and invest long-term to get maximum profit. I am also optimistic that 2019 will be better at least bitcoin can recover

[Slow death]

If we could somehow find a way to get people more interested in bitcoin and increase our 2 billion dollar daily volume into like 20 billion daily volume than we could talk about a huge increase in price, until that day we are not going anywhere anytime soon.

in many countries governments and banks create many barriers for people who want to buy bitcoins, just look at the case of India for example, these barriers created by many governments and banks are reducing demand.

there might be some good news like the BAKKT offerings that may change the sentiments of investors to put their money and gamble on the market so let's see how it goes in 2019.

BAKKT still has no license, and the time is passing very fast and I begin to wonder if they will get approval from the regulator

[tomahawk9]

The difference this time around is that there is a very good chance that we will have BAKKT in January or February next year.

Not only that but we also have a couple of other events (Fidelity trading platform, the possible approval of a bitcoin etf) that could induce some FOMO buying pressure if there's enough momentum. All these event including the launch of Bakkt could possibly bring fresh capital into the ecosystem which could spark a new btc rally in Q1 next year. I don't have high expectations, but i'm optimistic that we'll see a reversal in the market sooner than we think.

[pixie85]

At this point it is not even looking like a recovery... it still has a lot of ground to cover before we can say that, and the problem is the lack of volume that seems too weak to keep pushing the price up...
I know everyone expects BTC to return to high grounds, but that can still take time.
There are a few pointers to a possible recovery during 2019, but I will be surprised if it gets back on track before the end of 2019
cheers

It's not looking like a recovery but December 2014 also wasn't looking like that. If we follow the trendline we'll need at least 6 months to form a nice recovery pattern that will take us somewhere near 10000 dollars.
I agree with those who say 2019 will be a transitional year where we don't reach new highs but also don't form new lows. A pressure has to build up first before we explode.

[xuan87]

No, the history chart only can convince someone that Bitcoin ever rise to that number, and what time usually people invest, each year the market situation is different, and crypto is not that easy to be predicted, from the chart we can know that Bitcoin was keep on growing,but we can't be sure what price will it be

[EdenHazard]

We just focus on bull runs that are likely to hap or not, but we haven’t prepared somethings to get the desired profit from now on. Actually it's quite simple you can buy as much as bitcoin from now on or some altcoins from now on cause the price is still too low.

After that, we just wait casually and see the latest developments that come on cryptocurrency, if what comes is negative information then you can sell your investment to avoid deep crashes, but what comes up is good information, you can let your investment increase, don't sell first.

[AB de Royse777]

No one can do but if someone has the ability to have a glimpse of the future please do tell us.

Jan 2011: 0.30$
Jan 2012: 4.99$
Jan 2013: 14.00$
Jan 2014: 747.00$
Jan 2015: 317.00$
Jan 2016: 432.00$
Jan 2017: 998.00$
Jan 2018: 14,166$
Jan 2019:
Reference: Blockchain.com

January 2019: $5,000 - $7,000

I was thinking in between considering the stats of recent time. I am considering precisely $6k to $6.5 I can not give you any explanation or any facts about why I think. It's just a blind guess LOL

The entire crypto market (at least most case) is running by the blinds like me SMILE

[myohmy81]

There are only 5 days left in 2018, and 2019 is coming soon

People really have different opinions on what the trend will be in 2019

sniff>

As history is always strikingly similar.

It was 9-18-2017 when BTC was at 3650 last time, and then it went up all the way to 22618.27 in the next 3 months.

So will it start to surge and reach above 20000 again in March,2019 or April,2019?

Let's wait and see the result in next season

I think this is not about history as we have different situation in every downfall. Yeah it could be a good time to accumulate many bitcoin as you can but this could have risk as this is unpredictable the price will still go down to the price that those whales wants to start a bull run.  It could be difficult for bitcoin to rise at $20k level in 4 months as the market needs enough time to make a bullish trend. Indeed it's good to start accumulating while the price is at lower level. Hold is still the best strategy to gain much profits until it reach another all time high.

[Kevin77]

https://www.reddit.com/r/jex/comments/a9xtvg/will_things_be_different_in_2019/

As history is always strikingly similar.

It was 9-18-2017 when BTC was at 3650 last time, and then it went up all the way to 22618.27 in the next 3 months.

So will it start to surge and reach above 20000 again in March,2019 or April,2019?

Let's wait and see the result in next season

You are expecting very much in very short period of time. History will repeat itself.
2017 <- 2013
2018 <- 2014
if you are able to identify the similarity in these two pairs then you can expect 2019 will be a repetition of 2015.

In 2015 bitcoin hit the low of $180 after ATH of $1200 in 2013. But, ended up 2015 positively around $450 levels. Similarly we can expect( if history repeats) bitcoin prices to close around $10k by end of 2019.