Bitcoin is following the same path of 2017

[pinoycash]

If bitcoin is following the same path of 2017 then there's bad with it. We cannot see the future movement of the bitcoin price if it follows the path of 2017 or not because the price of bitcoin is not stable. I saw some articles saying that bitcoin will go back to it's 2017 ATH tgis year then I also saw some price analyst spreading this kind of news that bitcoin will break it's all time high. Be positive and bitcoin will make its way.

It follows the same path it shows how bitcoin is volatile in nature and how 1 bad news can affect the price of bitcoin and the feelings of holders that force them to sell due to one negative publicity. Now the bull lost its momentum and we need to hope that volume will start picking up soon.

[Kelvinikke]

That's quite true though when we have seen the price of bitcoin gone so down that people would think it's never going to rise anymore and then boom we are hitting $19500. This was the trend that happened back within 2014-2017. I predict that we could also see such a trend from the period of 2018-2020 so it is likely possible to see the market fully at an all time high in the year 2020.

[deisik]

~
Hasn't volatility been affecting price ever since people started assigning monetary value to Bitcoin? I mean, we're talking about 5,000 BTC for Pizza to now 30,000,000 dollars in less than 10 years. So it's not just about years, it's just periods in between, of course the value rises and falls again and again. That's how markets work, duh?

Only I think there is a big difference between Bitcoin market and, say, stock market. Are there examples of companies that survived a 80% decline? I don't think there are many of them, and even if we can find one or two they are exceptions from the main rule

What is an 80% decline exactly?

And what are its causes? If the whole stock market crashes (just like cryptocurrencies), then it means nothing as it doesn't affect the company directly (apart from the economic disaster itself). In fact, it can be a good day to buy the stock of this company (according to Warren Buffett and his idea of investing in undervalued stocks). On the other hand, if this decline is due to some inner problems, then it may be hard indeed to overcome

[sgenuine]

If bitcoin is following the same path of 2017 then there's bad with it. We cannot see the future movement of the bitcoin price if it follows the path of 2017 or not because the price of bitcoin is not stable. I saw some articles saying that bitcoin will go back to it's 2017 ATH tgis year then I also saw some price analyst spreading this kind of news that bitcoin will break it's all time high. Be positive and bitcoin will make its way.

I am sure that no one knows about the future of Bitcoin, even if we speak about the period of several months. Suppose, it will not repeat its 2017 path as the hype is over, but it will grow.

[JohnBitCo]

Bitcoin as a cryptocurrency is very volatile and we have seen this huge volatility affects its price way back in 2014 and 2017. This same cycle is happening again where we see bitcoin's value decrease and rise again. This is the time to invest into bitcoin and hold it till another all time high. Bitcoin is strong and will never die.

If the bitcoin follow the same cycle of 4 years, then bitcoin should follow the below trends and bull run will be in year 2021 December.

2019--->2015
2020--->2016
2021--->2017

[The Seller]

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!

Maybe now I can only hope that it can happen and the increase will come soon. It doesn't need to be exactly like 2017, it's just that the market needs an increase that promises to attract the attention of more new investors popping up.

[Barbut]

-snip-

Maybe now I can only hope that it can happen and the increase will come soon. It doesn't need to be exactly like 2017, it's just that the market needs an increase that promises to attract the attention of more new investors popping up.

Curve is similar, but numbers are different. In 2017 bitcoin started its way up from $1,000, this year bitcoin started with close to $4,000 price. Another interesting thing is that bitcoin made that rise in just couple months, I want to say its not impossible for bitcoin to do the same, definitely we saw similar rises and we know that bitcoin is capable for doing big things.
What ever happen will happen in last quarter of this year, use this time now to accumulate more satoshis.

[Mpamaegbu]

I see it from the perspective of Bitcoin favouring "odd years" and I have consistently maintained this disposition since 2018. 2017 was an odd year, 2019 is also one. However, let me quickly add that we may not likely get the same surprising hype and leap the crypto world got in 2017 but we shall get something far better than what we had in 2016 and 2018. This time, shitcoins may not survive but Bitcoin will soar.

If the bitcoin follow the same cycle of 4 years, then bitcoin should follow the below trends and bull run will be in year 2021 December.

2021 is also another  odd year.

[Irvinn]

If now the cryptocurrency is also slowly increasing in price, as it was in 2017, this does not mean that at the end of the year it will also sharply increase in price. At the end of 2017, bitcoin was raised in price artificially or a rush arose spontaneously, due to various random reasons. This year this will not be. Investors are not yet showing the same activity and are not ready for similar actions.

[Sum24]

I see it from the perspective of Bitcoin favouring "odd years" and I have consistently maintained this disposition since 2018. 2017 was an odd year, 2019 is also one. However, let me quickly add that we may not likely get the same surprising hype and leap the crypto world got in 2017 but we shall get something far better than what we had in 2016 and 2018. This time, shitcoins may not survive but Bitcoin will soar.

If the bitcoin follow the same cycle of 4 years, then bitcoin should follow the below trends and bull run will be in year 2021 December.

2021 is also another  odd year.

Current price chart is not showing us the same price path of 2017, but still I really trust that it will follow the process for increasing the price and I know 2021 will be good year for making profit, we will repeat 2017 in 2020 only if the haling will happen, when price become stable for some time, but then it will increase higher with passage of time same as 2017.

[Bagaji]

I actually agree with your analysis on the current market movement of Bitcoin though it could be that the rate at which move in 2017 could not be the same this year because there are so many people who are still yet to recover from the negative impact they experience in the year 2017.

[Kez1817]

It's good if this year will be the same in the past year 2017 for bitcoin. So far bitcoin moving up slowly but it is a good sign that bitcoin will take another path to success and continuesly become a strong currency inside the crypto world.

[shoreno]

On the year 2017 the price of bitcoin start verry small and it only pumped up in the middle of third quarter up to the final quarter of that year while on this year we can see that bitcoin is already at a higher price and we are only at the second quarter of the year  therfor i dont really agree that we are following the path of the year 2017 and one more thing  . its also too early to say that we are following the trend of the year 2017 because there are still many possibilities that may occur .  what if there will be no bull this year ?

[romero121]

It is very hard to think back the year, if it is gonna happen as 2017 then most of the users will profit good.. Importantly users who regretted or missed the chance of earning big by the days of 2017 expecting big profiting and missed the opportunity will be observing the market better and profits at the right time.

[toast]

It is very hard to think back the year, if it is gonna happen as 2017 then most of the users will profit good.. Importantly users who regretted or missed the chance of earning big by the days of 2017 expecting big profiting and missed the opportunity will be observing the market better and profits at the right time.

The year of bitcoin always surprises. like now when 2019 will certainly create new things and we see that currently there is an IEO Projeck that is very profitable because it still benefits many investors ,and regarding the price, it can't be confirmed whether it can follow the flow or not

[pinoycash]

It is very hard to think back the year, if it is gonna happen as 2017 then most of the users will profit good.. Importantly users who regretted or missed the chance of earning big by the days of 2017 expecting big profiting and missed the opportunity will be observing the market better and profits at the right time.

The year of bitcoin always surprises. like now when 2019 will certainly create new things and we see that currently there is an IEO Projeck that is very profitable because it still benefits many investors ,and regarding the price, it can't be confirmed whether it can follow the flow or not

Well IEO boom brings fresh money in the cryptocurrency economy and its helping in price valuation of each BTC, Since people buy BTC to buy BNB Coins and overall this is a healthy for the whole cryptocurrency market.

[pungopete468]

Every year there are trends each and in my opinion currently 2019 with the end of Q1 The upward trend of the market has been seen and we can still see that the market will develop further. but the obvious groove I don't think will be the same. because of course every year there will be changes in the market flow and also the investment trend this year.

[CandyIzDelicious]

I think bitcoin doesn't follow its path in 2017, and I'm not sure whether bitcoin will be high in December, and bitcoin still needs more time for it, my estimate is that bitcoin will rise in 2020 or 2021.

[The Cryptologist]

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!

I disagree. I think it's just trying to recover a good position in this year. It is still hard for bitcoin to reach even $20k by the end of the year. This year is just a way to exercise the mind of people who lost their faith on btc or skeptic to see that it will rise and will always will as the time goes by. I see more chances of breaking ath on 2020 with the help of the next halving.

[elisabetheva]

I think bitcoin doesn't follow its path in 2017, and I'm not sure whether bitcoin will be high in December, and bitcoin still needs more time for it, my estimate is that bitcoin will rise in 2020 or 2021.

His name is also a prediction, which can be true or even wrong. if you look at the graphics, you certainly cannot be sure that you will be equal to 2017, so also I am not sure that you will increase 2020 or 2021 like the opinion above. now if you see bitcoin it seems like you want to climb, but will it happen the same as 2017 !! no one can be sure but as someone who is involved in crypto clearly wants bitcoin to climb up to the best price, because it is my dream.