Bitcoin is following the same path of 2017

[cybersofts]

The bitcoin behavior this year is mimicking 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with a slight difference.
If bitcoin gets to the new ATH in December, who's buying the LAMBO with me? Compare April-May 2017 to now and see what I'm talking about!

[1715021994]

1715021994

[1715021994]

1715021994

[1715021994]

1715021994

[mu_enrico]

I don't think the level of hype is similar to 2017. In 2017, many people from the outside of the crypto community bought cryptocurrency for the first time in their life. This kind of hype needs more energy to build momentum.
But if BTC could reach another ATH, of course, I have nothing to complain

[pamsugas]

I am not sure there are similarities in 2017. Many experts predict the movement of bitcoin in 2019 will be the same as 2015. so I think bitcoin will fall back and recover soon in 6 months later

[Siti Nurbaya]

Bitcoin is moving well and has increased so much that it thinks it will run the same as in 2017. Everyone's observation is different, but all this is seen from the demand in the market as well. Indeed, the movements in the past few days are quite good and provide positive thinking for the future.

[btc_angela]

More like the 2014-2015 graph, see lots of them posted in twitter and here in the community, so its hard not to compare them. But we also have this saying, 'past performance is not an indication of its future success'. I guess only time can tell. And if we believed on those predictions then this is still a golden opportunity to enter and buy cheap coins and hold in the next 1-2 years.

[The Sceptical Chymist]

I don't know--based on that graph, I don't see what OP is seeing.  Nor am I (yet) feeling the insane vibe on the forum that I did back in 2017.  People were absolutely euphoric about bitcoin, and there were people selling houses and maxing out their credit cards to buy bitcoin.  That was truly a crazy time. 

We certainly could get another raging bitcoin bull market, and I think we will, but there's nothing to suggest that it's going to happen this year.  Yes, we've seen a very nice rise in price in the past week or so, but that's just short-term market movement.  Give it a few months and we'll have a better view of whether we're in a new bull market or not.  It's just way too soon to tell.

[apilpirman.bisnis]

Will be the same thing happen with bitcoin in 2017 and always will be on higher price every four years, last higher price of bitcoin is 2017 and I think on 2021 or 2020 bitcoin will be more higher price than 2017.

[Bitinity]

I cant see the similarity of bitcoin price during the earlier 2017 with the path of earlier 2019. I can even say both are completely different. Would you mind to post the images of the comparison that makes you think that recent path is mimicking the 2017 path? Maybe I'm one of those who believe that bitcoin has not pattern which follows the past pattern. So I do not think that it will hit its ATH again in December this year, but of course I'm hoping for that too.

[gudjhonson]

Currently Jalus Crypto has a good increase, but it doesn't seem to be the same as 2017, this process is still ongoing and bitcoin is still on a simple level, not a surprise. Stay alert with the moment that will happen because I think bitcoin is being pumped up and needs a lot of support back.

[alisafidel58]

I can't see any similarities from the past event in your graph. How can you say its mimicking when the market back then was different compared to now. Investor back in 2017 was not used to crypto that's why they decided to invest and after the correction in 2018, I doubt that we will see those investors again.

[senin]

No, I do not see such a trend. This year, Bitcoin will not grow as fast as it did at the end of 2017. Now investors are different. Still remember what led to investing in Bitcoin after it rose to high prices. Many simply lost their money. Therefore, while investors will be careful, this time the market will rise slowly.
However, the price of cryptocurrency is also greatly influenced by various news factors and events. Therefore, the cryptocurrency market is still able to give us surprises.

[Experia]

The bitcoin behavior this year is mimicking the 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with slight  difference.
If bitcoin gets to the new ATH in December, who's buying LAMBO with me?

We cant say the price movement even it was looking like what happen on 2017, crypto price is very unpredictable so we should not base on what we can see right now to predict the future, it already happens many times but in the end the price drops.

[AjithBtc]

I'm not sure, but there are possibilities for the growth to happen on the similar pattern. Slight variations could take the price move higher or lower at the end. If the 2017 market gets repeated I was gonna buy a car and might hire a Lambo  . Possibly if the ongoing level of growth continues through the year can expect the price reach at least $10k.

[fiulpro]

Not exactly;
It was from 930$ to be honest and suddenly it was 20000$ 😂
It wasn't like this are all ; also the price took just like one month to tripple and the thing is this one ; this is a pretty slow thing and is carefully climbing the ladder ; it's sustainable and slow that one was sudden and boom * it was gone and we never saw the same price again
To be honest what I think is maybe only maybe it will climb this higher and it will take time for that not something that will happen overnight
2017 was too sudden to be compared to what is happening right now and to be honest it was too sudden and too good to be true I don't think we will see anything like that again.

[Ailmand]

I think there's still a difference but if that's so, then it's a good sign for us holders and investors. However, we couldn't rely or trust on the sudden hype because the prices have been tricky and volatile these days. Let's just wait for the right time where we could have an assurance of bitcoin price.

[sheenshane]

Not a bad speculation but you should have stated what is the reason why you see the Bitcoin's market today has a similarity with the Bitcoin 2017 era. If you will fully analyze, today's market is more of a 2014-2015 era. Honestly, I will not be able to speculate this since the Bitcoin is a volatile market and really is unpredictable. I think the best thing that we need to do today is to wait and stay hodl, end of the story.

[leavolnhals]

The bitcoin behavior this year is mimicking the 2017.
Has anyone seen what I have been seeing? I think the bitcoin is following the same path of 2017 with slight  difference.
If bitcoin gets to the new ATH in December, who's buying LAMBO with me?

Its chart is only quite similar to 2017. if the price of BTC continues to rise to $ 5800 and there is no sign of remission. I will definitely invest all the savings I have. $ 2000 will be allocated to EOS, ICX, BQQQ and ETH. I believe the bear market will return soon.

[Zadicar]

No it wont!

Not an assured thing but the hype last 2017 wont happen on this year or on to further years to come.Bitcoins price will gradually make increase and decrease
into these upcoming years.Hard pump and dump wont most likely to happen but who knows if we would experience that ATH once again.

[sunsilk]

This was the chart for 2017



And this is the chart for Q1 2019



I'm not sure about the comparison that OP is saying. I'm very confused on how did he managed to compare two charts which has different pattern.

[Mastercon]

Well not sure which path you're talk about since in December bitcoin fall down and the market was start showing negative impact. All we can do is wait and let the thing happen and let the thing go. Bitcoin can be increase if the demand increase. Just pray for its demand the price will increase again