Is 2019 the new 2015?

[MuffinMaster]

I would say 2019 will be a new 2017 as Bitcoin have been stayed between 3000-4000 for a long time, it can be considered as the later period of the bear.

Ok, so I'm going to remember this quote from this legendary poster, and if at the end of 2019 the price isn't close to $100k than I'll know that he's a fucktard. I'm pretty sure right now, but at that point I'll be 100% sure.

We would all want the scenario from 2017 to repeat itself and the bull run came as soon as possible. However, in my opinion this year will be like in 2015, ie a long period of stabilization, and 2017 will be repeated in 2020.

[Febo]

I am really curious if people claiming that it is the same had been actually trading back in the day. I was, and what I see now is way different from what I saw in early 2015. Now we barely move a couple percent daily. In 2015 price action was a lot stronger. It basically means that supply as well as demand is now running dry, while in 2015 they were abundant (as I have no other explanation)

8% is not enough for you?  You want 20% That will not happen in sideways market. At least not that often.



2.5m Bitcoins volume is higher then at any point in December 2017 and January 2018.  It rarely went over 1.5m BTC back then.

[yonjitsu]

If the price if bitcoin today is valued exactly like in 2015, then it makes sense that we only have 2 years before another drastic rise of bitcoin is about to happen again. With that, it's good to invest more on bitcoin while its price is still cheap for now.

[7jaka7]

I am really curious if people claiming that it is the same had been actually trading back in the day. I was, and what I see now is way different from what I saw in early 2015. Now we barely move a couple percent daily. In 2015 price action was a lot stronger. It basically means that supply as well as demand is now running dry, while in 2015 they were abundant (as I have no other explanation)

I just think whole Bitcoin "eco-system" is much bigger now. So it takes more money to move it's price. Imagine you giving 10k$ in some random token, Bitcoin or gold. It would shoot tokens price up for few 100%, Bitcoin would be up 0,01% and there would be no effect on gold's price (0,000001%).
So same with bitcoin, when there were 5k people trading it every "big" buy or sell order affected price a lot. But now when there is 100k of people trading it + bots this order much be much bigger to move price for the same percentage. (all numbers are fictional, just to get better representation)

2.5m Bitcoins volume is higher then at any point in December 2017 and January 2018.  It rarely went over 1.5m BTC back then.

Do you maybe have a link to the historical graph showing trading volume in BTC? I can only find this but it doesn't show what you're saying https://data.bitcoinity.org/markets/volume/2y?c=e&t=b.
But anyway I think talking about volume in crypto is pointless at the moment. IMO so much is faked that it's almost impossible to make real assumtions.

[deisik]

I am really curious if people claiming that it is the same had been actually trading back in the day. I was, and what I see now is way different from what I saw in early 2015. Now we barely move a couple percent daily. In 2015 price action was a lot stronger. It basically means that supply as well as demand is now running dry, while in 2015 they were abundant (as I have no other explanation)

8% is not enough for you?  You want 20% That will not happen in sideways market. At least not that often

How long had you been waiting till the price started to move?

8 percent is more than enough for me, and I would be happy if Bitcoin moved at least 5% daily. But that was not the case till yesterday, and it is not certain either that the prices will go on like that tomorrow. We had been stuck in a tight range for weeks recently, so I can only congratulate you to turn up in the right thread at the right time with your post. Anyway, keep us updated

[Red-Apple]

so far with every passing day, these days look more and more like 2015 period when price was at a bottom and things weren't looking happy and green to a lot of people so they started getting desperate and leave while the whales continued taking their bitcoins for cheap and accumulated them.
with the recent rise we are even getting closer to the similar breakout pattern of 2015 just before the big rise of 2x happened.

[deisik]

so far with every passing day, these days look more and more like 2015 period when price was at a bottom and things weren't looking happy and green to a lot of people so they started getting desperate and leave while the whales continued taking their bitcoins for cheap and accumulated them.
with the recent rise we are even getting closer to the similar breakout pattern of 2015 just before the big rise of 2x happened

2015 was a turbulent year

Let's not forget that during that year there were two major lows. The first was in February (if I remember correctly), when the price went below 160 dollars, and the second was in late August, with prices dropping a little below 200 dollars (just for a few minutes). Between these two lows the price rose to almost 300 dollars in the summer (only to crash later), so if we are to follow the 2015 pattern, we may still see some bumps ahead

[Pab]

It will be very interesting a also very dramatic year on all kind of financial markets
First we have Brexit. No deal Brexit is no joke it is very serious problem for all EU economy and very big for GB

But biggest is corporation debt in China USA and EU.That is really huge and can trigger similar crisis like it was in 2008
We have also many social and political events coming
Election for EU parliaments and preparation for US presidential campaign
Now there are legal cases opened against Trump state of emergency

And we have technology world.It will be year of IOT begin year of 5G internet begin
and i think it will be new era in crypto currencies
We have bitcoin LN and Ethereum scaling
All together i think it will be year of change .changes.chaos on any field of our life
In a case of crypto i think we will have upward trend caused by technology improvement crypto currencies adoption and institution more investing in crypto
I think that upward trend will be slow but much more real and less speculative it was in previous year

 

[normanderecho]

Year 2015 started with Bitcoin price at $317. Price then sank and reach bottom two weeks latter at $171.  Then hang between $200 and $300 until November when bull market started. And reach $430 at the end of the year. That gave us 35% price increase in 2015.

Year 2019 started with Bitcoin price at $3740. Two weeks before that price reached current bottom at $3190.  Price of Bitcoin should hang between $3500 and $5500 until October when bull market will start. And reach $8000 at end of the year.





Night is darkest right before the dawn.

Maybe, but there is possible to exceed on that expectations which is might near similarity happen in previous year2017 once bitcoin start to rise constantly. Its seem bitcoin now started to rise up, but its to early to celebrate,  I mean to say its a bullrun. We all just wait and perhaps iit will skyrocket on the middle of these year.

[slocker]

Probably this can be good assumption. Everything point for this same scenario only with different prices but path is the same. We could expect to see another movement bigger off course by the next halving not before. Unless something that is major and can impact in crypto community with big slap nothing else can change current price.

[guoyu78]

I would say 2019 will be a new 2017 as Bitcoin have been stayed between 3000-4000 for a long time, it can be considered as the later period of the bear.

I hope so, bitcoin price really got a very good support at that point, we can see that bitcoin price is trading above $3000 for a long time and I do not thing that traders will let it go down anymore. I hope that very soon bitcoin price will regain its previous highest price, because bitcoin popularity is continuously increasing, I hope that bitcoin remain as top crypto currency for long long time.

[Febo]

It will be very interesting a also very dramatic year on all kind of financial markets
First we have Brexit. No deal Brexit is no joke it is very serious problem for all EU economy and very big for GB

But biggest is corporation debt in China USA and EU.That is really huge and can trigger similar crisis like it was in 2008
We have also many social and political events coming
Election for EU parliaments and preparation for US presidential campaign
Now there are legal cases opened against Trump state of emergency

And we have technology world.It will be year of IOT begin year of 5G internet begin
and i think it will be new era in crypto currencies
We have bitcoin LN and Ethereum scaling
All together i think it will be year of change .changes.chaos on any field of our life
In a case of crypto i think we will have upward trend caused by technology improvement crypto currencies adoption and institution more investing in crypto
I think that upward trend will be slow but much more real and less speculative it was in previous year

I agree. 2015 was, if we forget crypto and focus on world economy, one of most prosper years. Even those countries that was most hit by 2008 financial crisis got out of the worst and their economy started expanding. But I dont think the worst will already happen this year but 2020, that will most likely not be the new 2016.  

[deisik]

I agree. 2015 was, if we forget crypto and focus on world economy, one of most prosper years. Even those countries that was most hit by 2008 financial crisis got out of the worst and their economy started expanding. But I dont think the worst will already happen this year but 2020, that will most likely not be the new 2016. 

The price showed some action in the last couple of days but it doesn't mean it will go on like that from now on. We had already seen these bursts of market activity in the past (say, in early January this year) and it still didn't last for longer than a week. In other words, we need a lot more action for longer timeframes to make plausible comparisons to 2015 patterns and draw any definitive conclusions in this regard (read, we can do that only in hind sight). Personally, I think we are very different from 2015

Simply put, I wouldn't be overly enthusiastic about this surge

[BlackPanda]

I would say 2019 will be a new 2017 as Bitcoin have been stayed between 3000-4000 for a long time, it can be considered as the later period of the bear.

I hope so, bitcoin price really got a very good support at that point, we can see that bitcoin price is trading above $3000 for a long time and I do not thing that traders will let it go down anymore. I hope that very soon bitcoin price will regain its previous highest price, because bitcoin popularity is continuously increasing, I hope that bitcoin remain as top crypto currency for long long time.

This is a good phase, we have reached a much higher level than in 2018. I also hope that there will be far better changes and we will reach the level that happened in 2017. Everyone wants to feel this happening again and all we need to do is be patient to wait until the situation happens again. Let's party and we will get a big profit if we still have Bitcoin at the moment and then we sell much higher in the future.

[ethereumhunter]

Calm down, guys. We still have time to see the price increase. Actually, we can be happy if the price can stay at more than $4000 in this month because it will have a chance to raise more in the next month. But it could be 2019 is the new 2015 because we are now seeing which is "almost the same as in 2015" situations and conditions. In that year, bitcoin price does not increase too much, and it seems, the price is on the sideways phase, and now, I think we will see the market will moves slowly than before.

[Febo]

I agree. 2015 was, if we forget crypto and focus on world economy, one of most prosper years. Even those countries that was most hit by 2008 financial crisis got out of the worst and their economy started expanding. But I dont think the worst will already happen this year but 2020, that will most likely not be the new 2016. 

The price showed some action in the last couple of days but it doesn't mean it will go on like that from now on. We had already seen these bursts of market activity in the past (say, in early January this year) and it still didn't last for longer than a week. In other words, we need a lot more action for longer timeframes to make plausible comparisons to 2015 patterns and draw any definitive conclusions in this regard (read, we can do that only in hind sight). Personally, I think we are very different from 2015

Simply put, I wouldn't be overly enthusiastic about this surge

I never was enthusiastic about this or any surge.  Recent growth to the $4k is a correction from constant decrease that was happening in previous months.

About volatility and volume. I just listened one Mike McGlone today https://www.globalcryptopress.com/2019/02/the-time-to-buy-is-now-crypto-market.html who believes we had not reach bottom because there is to much volume and there is to big volatility. I guess someone should point him to the year 2015 and explain there was apparent way more volatility and way lower volume but we still reach the bottom.

[deisik]

The price showed some action in the last couple of days but it doesn't mean it will go on like that from now on. We had already seen these bursts of market activity in the past (say, in early January this year) and it still didn't last for longer than a week. In other words, we need a lot more action for longer timeframes to make plausible comparisons to 2015 patterns and draw any definitive conclusions in this regard (read, we can do that only in hind sight). Personally, I think we are very different from 2015

Simply put, I wouldn't be overly enthusiastic about this surge

I never was enthusiastic about this or any surge.  Recent growth to the $4k is a correction from constant decrease that was happening in previous months.

About volatility and volume. I just listened one Mike McGlone today https://www.globalcryptopress.com/2019/02/the-time-to-buy-is-now-crypto-market.html who believes we had not reach bottom because there is to much volume and there is to big volatility. I guess someone should point him to the year 2015 and explain there was apparent way more volatility and way lower volume but we still reach the bottom

This dude might be deep in shorts

You wouldn't really expect an unbiased view from somebody who has a certain financial position himself in some matter. As they say, you can't solve a problem by forwarding the job to those who created it in the first place, so don't expect a lot of sincerity as well as honesty regarding crypto from people who are themselves involved in it and thus interested in moving the market their way, be it up or down

[oegarod]

Calm down, guys. We still have time to see the price increase. Actually, we can be happy if the price can stay at more than $4000 in this month because it will have a chance to raise more in the next month. But it could be 2019 is the new 2015 because we are now seeing which is "almost the same as in 2015" situations and conditions. In that year, bitcoin price does not increase too much, and it seems, the price is on the sideways phase, and now, I think we will see the market will moves slowly than before.

Well, it is good to see a big change in the market. Price change in 2015 seems to have the similar pattern of the ongoing growth pattern. In this way bitcoin will get a big growth in the cryptocurrency network. When bitcoin grows automatically the entire cryptocurrencies existing in the market will surely make a big change in every asset growth.

[semobo]

Probably this can be good assumption. Everything point for this same scenario only with different prices but path is the same. We could expect to see another movement bigger off course by the next halving not before. Unless something that is major and can impact in crypto community with big slap nothing else can change current price.

Next halving can give the enough fire to make the lrices to reach next level but I think we are in need of something to ignite the prices before it even to make the cryptocurrency market to be alive since holders of cryptos were already starts having that they are waiting too long.

[Bagaji]

Year 2015 started with Bitcoin price at $317. Price then sank and reach bottom two weeks latter at $171.  Then hang between $200 and $300 until November when bull market started. And reach $430 at the end of the year. That gave us 35% price increase in 2015.

Year 2019 started with Bitcoin price at $3740. Two weeks before that price reached current bottom at $3190.  Price of Bitcoin should hang between $3500 and $5500 until October when bull market will start. And reach $8000 at end of the year.





Night is darkest right before the dawn.

We almost withness the same pattern of the market movement that happened in 2015. I believe that what you speculated above may come to fulfilment before the end of the year, although Bitcoin market value maybe very much higher than the one you speculated above if all things remain equal.