Do we still expect a repeat of 2017 ?

[Wysi]

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

[Leon83]

Yep, that's the consensus. But not until late 2020 or 2021. Can't have a 50-100x bull run every year. After such a parabolic bull run, a 1 year long bear market is to be expected. Like in 2014 and 2018.

You should watch Bob Loukas' youtube videos about market cycles and his "4 year journey" project.

[figmentofmyass]

tbh i have no idea. i'm a trend trader---i keep betting trends until they end. all i know is bitcoin is in a decade-long bull trend and hasn't shown any signs of stopping yet. so i'll keep hodling.

Yep, that's the consensus. But not until late 2020 or 2021. Can't have a 50-100x bull run every year.

it's the consensus among bitcoin permabulls---that's it. most of the world is still fairly skeptical. if the global consensus was that bitcoin was gonna bubble next year, i'd be preparing for a crash instead.

[harizen]

I'm expecting it again but not set up a specific timeline where it should happen since it doesn't make sense. It will happen no matter what and you have thousands* of reasons to believe in that.

I want to see the repeat as healthy and not just because it was driven by hype.

We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

Bottom line: Don't expect too much so you will not end up disappointed.

[Wysi]

Yep, that's the consensus. But not until late 2020 or 2021. Can't have a 50-100x bull run every year. After such a parabolic bull run, a 1 year long bear market is to be expected. Like in 2014 and 2018.

You should watch Bob Loukas' youtube videos about market cycles and his "4 year journey" project.

Will do watch the videos and yes we cannot expect similar bull run every year but I think we can expect a decent value against the bearish market we had been through and if things go in right direction we might see gradual increase and less number of dumps as this 18 months bearish market can be considered as correction period as we have seen some worthless altcoins exiting the market and still the market is being saturated because of the increasing coins in CMC and altcoins dying a slow death.

[Ayiranorea]

tbh i have no idea. i'm a trend trader---i keep betting trends until they end. all i know is bitcoin is in a decade-long bull trend and hasn't shown any signs of stopping yet. so i'll keep hodling.

Yep, that's the consensus. But not until late 2020 or 2021. Can't have a 50-100x bull run every year.

it's the consensus among bitcoin permabulls---that's it. most of the world is still fairly skeptical. if the global consensus was that bitcoin was gonna bubble next year, i'd be preparing for a crash instead.

Prepared for the crash is always the best choice when we think about the cryptocurrency market. We don't know what will be the market of bitcoin and other cryptocurrencies tomorrow. It can give a repeat of 2017, or it can react completely opposite. By this time if we've prepared for a bull trend and things happen opposite to the prediction our portfolio gets collapsed. If we're planned for crash as the above user we can withstand any market conditions.

[gentlemand]

There's getting on for absolute confidence from many that our tits will be blown off in 2021 ish. It's a lovely idea but I wonder whether it can possibly be that cut and dried.

The biggest uncertainty is the overall global outlook which is looking shakier by the day. 2013 and 2017 had the luxury of confidence and stability in the wider markets. That may not be the case in a couple more years and that could be the deciding factor. Bitcoin is still in the wild bet territory and you don't throw your money around if it's burning up elsewhere.

[gabbie2010]

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

There is no concrete proof any where that can back up the claim that bitcoin will experience another bullish run like 2017 too many predictions especially from McAfee and the rest  there are speculations about 2017 event happenings , some school of thought suggested that based bitcoin  ATH in 2107  history repeat itself probably every two years bitcoin will always pump, personally I don't believe in prediction but analytically watch price movement based news events related to bitcoin around the world.

[Wexnident]

It most likely would happen. 2021ish or so would be the date of such events again since halving is 2020. Questions would be about how the world would adopt to BTC this time. Plus, how big would the crash be after the bull run since I'd expect a bubble like for that years bullrun.

I'm expecting it again but not set up a specific timeline where it should happen since it doesn't make sense. It will happen no matter what and you have thousands* of reasons to believe in that.

I want to see the repeat as healthy and not just because it was driven by hype.

Indeed. Id rather see a repeat that could maintain itself where stability is a priority instead of reaching another ATH for only a moment. It will happen sooner or later indeed, but a specific timeline could be linked to the same past events. First halving, after a year resulted ina bullrun. 2nd halving, resulted in the 2017 bubble. We could at the very least expect somekind of same events happening at 2021 which is a year after 2020.

[magneto]

Personally, I would not expect the magnitudes of rallies that we saw in 2017.

That was back when bitcoin market cap and total crypto market cap was still very low, so a small injection of funds into the market can essentially be leveraged into much higher percentage returns. Now that markets are more mature and market caps are significantly higher, I don't see this happening.

But the bearish sentiment should subside soon. We've seen a real bounce from the $7.5k level, which is a great sign.

[Hippocrypto]

Personally, I would not expect the magnitudes of rallies that we saw in 2017.

That was back when bitcoin market cap and total crypto market cap was still very low, so a small injection of funds into the market can essentially be leveraged into much higher percentage returns. Now that markets are more mature and market caps are significantly higher, I don't see this happening.

But the bearish sentiment should subside soon. We've seen a real bounce from the $7.5k level, which is a great sign.

Let us take not of that signs if it could take longer, and I am positive that bearish dominance would still going make it harder. I do hope everybody has learned a lot of lessons, after the previous price downturn, otherwise it would be more frustrating if another bounce will take place. While we're still in the midst of an opportunity, it shouldn't be wasted so we're able to catch the best profit in a perfect timeline.

[wajik-tempe]

Yes we have to optimistic about the future of cryptocurrency. 2017's price will surpass by 2020's bitcoin price because 2017 was just the beginning of crypto era.
Next bitcoin halving will also effect much in cryptocurrency price and i'm sure the media will blow up bitcoin and crypto to make crypto trends again

[blckhawk]

It could happen but we're not certainly sure that it would. As of now, it's staying under $10k which is quite a good sign of possible bull run if things would smoothly go our way. But as of any investment, there's still risks along bitcoin's growth, such as regulations and government that could bring the prices back down to where it started. But definitely, tha chances of bitcoin going up is a lot higher than it going down, but having it's bull run like in 2017 is not likely to happen imo.

[pooya87]

no we don't.
we are instead expecting the same uptrend with big roller coasters are the past 10 years to be repeated!

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value

it wasn't a pump and it wasn't a golden year for bitcoin just because price went up! it was a golden year because we had a couple of major mass adoption cases such as Japan adopting bitcoin as a legal way of payment, also we had the end of a 3+ year of dispute over bitcoin scaling.

Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ?

you can't ask for "concrete proof" in speculation!!!

We expected the same last year but ended up in disappointment

"we" didn't expect that. only people who got caught in the hype and thought a bubble can continue growing forever ended up disappointed. just like those who got disappointed because they thought the reverse-bubble can drop forever!

[Reid]

It ain't wise to just expect something to a market that is so volatile.

It had been a roller coaster ride since bitcoin was discovered. I dont think there is the accurate price for it even with deep technical analysis.
You have said it already, last year was a failure even if a lot of bitcoin supporters expected history to repeat itself. It never happened.
Price prediction with bitcoin is the difficult task of all specially when you want an accurate conclusion.

Better to just have the mindset of anything could happen. Always be ready.

[ecnalubma]

There is no concrete proof  that we will experience the same fate of Bitcoin and other cryptocurrencies like happen in 2017 but I believe that this market is still young and partially mainstreamed so its growth is inevitable. Once this industry is clear from regulators and no more pressure it can grow as big as existing industries.

[cryptoangel]

Yes we have to optimistic about the future of cryptocurrency. 2017's price will surpass by 2020's bitcoin price because 2017 was just the beginning of crypto era.
Next bitcoin halving will also effect much in cryptocurrency price and i'm sure the media will blow up bitcoin and crypto to make crypto trends again

you are right, again market will going to moon on further days, But Bitcoin is volatile crypto currency so still some peoples are thinking the future results. Once top countries are accepting the crypto currency automatically going to moon because peoples are waiting for government regulations also so this year hype will clear the peoples expectation.

[exstasie]

There's getting on for absolute confidence from many that our tits will be blown off in 2021 ish. It's a lovely idea but I wonder whether it can possibly be that cut and dried.

Yep, markets tend to surprise. If everyone's expecting a repeat (and I'm not sure whether that's true or not) we could stall out and crash instead, or meander sideways for years.

There is one possibility hardly anyone is expecting. Most Bitcoin bulls are betting on a logarithmic trend which has us topping out at $50-$100K in the next bubble. Maybe instead of continuing that pattern, the market blows away all expectations and heads straight for..... $10 million.

It could happen. Honey badger don't care.

[Taskford]

Yes we have to optimistic about the future of cryptocurrency. 2017's price will surpass by 2020's bitcoin price because 2017 was just the beginning of crypto era.
Next bitcoin halving will also effect much in cryptocurrency price and i'm sure the media will blow up bitcoin and crypto to make crypto trends again

you are right, again market will going to moon on further days, But Bitcoin is volatile crypto currency so still some peoples are thinking the future results. Once top countries are accepting the crypto currency automatically going to moon because peoples are waiting for government regulations also so this year hype will clear the peoples expectation.

Actually I don't wait for those huge countries to accept bitcoins since it's a huge debate and certain ruling before that to be happen, and the one I was thinking for now is the current situation where the possibilities that can uplift the bitcoins price the same on what happen on the 2017 but hopefully the halving brings good result since I think this is most awaited time of the people to accumulate more bitcoins for staking purposes.

[MI6]

The year 2017 was a golden year for bitcoin wherein it got global attention after the crazy pump in it's value but are we still expecting a repeat of 2017 for the end of 2019 or beginning of 2020 ? Do we have any concrete proof that we will experience bull run apart from the bitcoin halving ? We expected the same last year but ended up in disappointment and will it be wise to expect the same or we can expect a decent pump if not multi fold increase in the value of bitcoin and altcoin ?

I think yes, because halving is something that people wait. And about people who dissapointed last year, i think it is only matter of time. Maybe it is right they join and buy bitcoin when it is pumped. That is why sometime get FOMO is bad thing. Because once we think we lost moment, we will panic and buy in any price. And not think bitcoin price will go where.