Could Bitcoin increase as in 2017?

[The Sceptical Chymist]

The right answer is that nobody knows what can be.

Yeah, but that's no fun as an answer in and of itself.

These threads want opinions, enthusiasm, pessimism, optimism.  I'm of the belief that we can and will see another raging bull market like the one we saw in 2017.  And the only thing I base that on is my experience in the stock market where investors tend to forget all the bad parts of a bubble and repeat their same mistakes all over again once a certain amount of time passes.  So hell yes, I expect there to be some serious euphoria in the market, but it may take a year or even more for that to start to happen.  Could be less, and that's where the "I don't know" comes in.

If what I say is true, now would be a hell of a good time to start stockpiling bitcoin.  That euphoria and crazy bull market that's sure to come will no doubt drive bitcoin up to and past its previous ATH of $20k or whatever it was.  It's going to happen.

[Theb]

~snip

At the next bullrun (late 2020 to 2021?) the FOMO effect might happen amongst 3 different groups. All with the 2017 bullrun in mind.

- Traders/investors that are already in the crypto space.
- Institutional investors(!).
- New people that has been on the sideline and being sceptical about crypto since 2018/2019. These will even FOMO in at $50k+ !

And that will be a bad thing. The ATH happened in 2017 was because of FOMO and looked at what happened next, it triggered an 18-month bear market which wasn't really good in the eyes of the majority as well as the market overall. That's why if we want to have a more stable price growth we need to rely more on the real demand for Bitcoin and not just because of the FOMO backing it since the demand should be the one backing the price pump not the other way around.

[bitvalak]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

The answer is CAN. 
But when it will happen no one can guess because the market always moves dynamically according to the behavior of sellers and buyers. 
It could go up for a short time because of speculation, it can even go down far in an instant also in a short amount of time. 
What needs to be done is to keep track of movements in the market so that you do not lose the moment.

[justdimin]

In 2015 and 2016, people kept asking about reaching $1000 and when bitcoin was able to reach that mark by the 2nd day of 2017, most of them had sold out their bitcoins and went back to their routine works by assuming their mission-bitcoin was successful. I still remember a post in earnmoneyspace forum which reads similar to this : I bought bitcoins for $400 and sold for $650 and that's all. He must be a happy person in 2013 and must have been a happiest person in 2015 but definitely not by end of 2017 if he had not bought back during 2016 at least.

I mean to say, when I do see new people who asks about 2017, I like to answer them, bitcoin will perform better than 2017 too and if bitcoin will be able to reach $20k again, it will indicate it may keep growing toward $30k and $40k and so on... So, do not set your targets around $20k for all your bitcoins. But, you may sell few at your first target which might be around $20k but keep some bitcoins to sell around $1000k which may occur within 2025.

[Potent]

It's more likely the bull run does come between 2020 and 2021 because crypto has never had so many developers working on solutions all at once. If ever another bull run happens I would probably sell everything i am holding and spend half of it then wait for another price dump and reinvest the other half.

[LUCKMCFLY]

~snip~

Any event scheme can happen in the Bitcoin market, of course some stages such as 2017 are not the same in 2019, there are always very different circumstances, but seeing it from the point of view that is met: Accumulation Stage, Bullish Trend and Distribution is totally acceptable to happen.
 
Bitcoin has had a fairly long accumulation stage, and  my way of seeing the market, I analyze it according to Wyckoff theory and for me for a long time it has already completed the accumulation stage and has once the bullish stage has begun, of course many confirmations are missing, a re-accumulation cannot be ruled out.

But in the market anything can happen, in fact if they want it can reach $ 1, but they don't do it because they would be killing all the castles in the air of people and institutions, it is not convenient, because it is a market that obtains a lot of capitalization in a short time Time, in addition from a technology point of view, is effective when making transactions in short periods of time and large amounts without third party participation.

This year it can go up as in 2017, but if the Strong Hands or Whales have not bought enough Bitcoins, they do many things to be able to acquire them, such as lowering prices, taking advantage of the FUD, Fundamental style world events, everything is valid.

[el kaka22]

Bitcoin has had a fairly long accumulation stage, and  my way of seeing the market, I analyze it according to Wyckoff theory and for me for a long time it has already completed the accumulation stage and has once the bullish stage has begun, of course many confirmations are missing, a re-accumulation cannot be ruled out.

Re-accumulation is the stage, most whales are looking for right away. Unlike most years of bitcoin's life cycle, this year we are having bear markets are in action still we have plenty of days left for this month and anything may happen to end this year excited. Re-accumulation must be a good thing as it will prevent markets get dumped too much. Even bitcoin markets face down downfall in short term, it will bounce back very quickly as we are having halving down under.

This year it can go up as in 2017, but if the Strong Hands or Whales have not bought enough Bitcoins, they do many things to be able to acquire them, such as lowering prices, taking advantage of the FUD, Fundamental style world events, everything is valid.

Whales are always known for manipulating the directions which means they also will like repetition of 2017. There cannot be any limit to define what is enough for whales hence greedy whales will be trapped by TA based whales. Yes, in end FA and TA alone will win regardless of how many whales will untie to manipulate bitcoin markets.

[Oceat]

It's more likely the bull run does come between 2020 and 2021 because crypto has never had so many developers working on solutions all at once. If ever another bull run happens I would probably sell everything i am holding and spend half of it then wait for another price dump and reinvest the other half.

Holidays are coming I hope you don't spend it this year and plan to reinvest in 2020.
Bull run comes once in a while when the market is ready and it is not going to happen in 2020.
After the Bitcoin halving the effect of it will take a certain amount of time to charge up the market and ready to explode.
Just look at the history of halving of Bitcoin and you will know what I am talking about.

[Savemore]

~snip~

Any event scheme can happen in the Bitcoin market, of course some stages such as 2017 are not the same in 2019, there are always very different circumstances, but seeing it from the point of view that is met: Accumulation Stage, Bullish Trend and Distribution is totally acceptable to happen.
 
Bitcoin has had a fairly long accumulation stage, and  my way of seeing the market, I analyze it according to Wyckoff theory and for me for a long time it has already completed the accumulation stage and has once the bullish stage has begun, of course many confirmations are missing, a re-accumulation cannot be ruled out.

But in the market anything can happen, in fact if they want it can reach $ 1, but they don't do it because they would be killing all the castles in the air of people and institutions, it is not convenient, because it is a market that obtains a lot of capitalization in a short time Time, in addition from a technology point of view, is effective when making transactions in short periods of time and large amounts without third party participation.

This year it can go up as in 2017, but if the Strong Hands or Whales have not bought enough Bitcoins, they do many things to be able to acquire them, such as lowering prices, taking advantage of the FUD, Fundamental style world events, everything is valid.

It is possible but it will take more months or even years. The market is still bearish where the selling pressure is very high and it is the reason why the price is gradually decreasing and it is forming of lower lows and highs. The ATH that happen last 2 years ago is because of FOMO and many traders are now stuck in their position because they bought at the peak. The bull market will start if the price will break its neckline where there is a confirmation of start of uptrend.

[Naficopa]

It's more likely the bull run does come between 2020 and 2021 because crypto has never had so many developers working on solutions all at once. If ever another bull run happens I would probably sell everything i am holding and spend half of it then wait for another price dump and reinvest the other half.

Holidays are coming I hope you don't spend it this year and plan to reinvest in 2020.
Bull run comes once in a while when the market is ready and it is not going to happen in 2020.
After the Bitcoin halving the effect of it will take a certain amount of time to charge up the market and ready to explode.
Just look at the history of halving of Bitcoin and you will know what I am talking about.

History does not always have to repeat itself. There are many more investors on the cryptocurrency market than there were during previous halvings. It is possible that many of them will start preparing for the bull run much sooner and start buying even now. It doesn't matter for daytraders, but for a long-term investment, this month may be the best time to buy. If this happens and investors start buying now, the accumulation period will be longer and in my opinion the bull run will be much stronger than in 2017.

[worle1bm]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

This crypto market is very volatile and nobody could make actual predictions of the market even trade experts also but what we witness in 2017 was insane pumps in prices as prices rises suddenly to ATH levels and croseed $20k barrier and then there were huge dumps in prices and market crashed afterwards but somehow managed to rise to $8500 this year but next year halving will have positive impact on prices and they can rise again but 2017 pumps is difficult at current but who knows what happen in this risky and profitable cryptocurrencies.Just hope for its betterment.

[Wysi]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

This crypto market is very volatile and nobody could make actual predictions of the market even trade experts also but what we witness in 2017 was insane pumps in prices as prices rises suddenly to ATH levels and croseed $20k barrier and then there were huge dumps in prices and market crashed afterwards but somehow managed to rise to $8500 this year but next year halving will have positive impact on prices and they can rise again but 2017 pumps is difficult at current but who knows what happen in this risky and profitable cryptocurrencies.Just hope for its betterment.

We might not see a repeat of 2017 again as it seems like that was once in lifetime opportunity but yes there will be pump but not like the one we had in 2017 because we have seen 2019 as not a bad year for crypto because the price of bitcoin has increased than what it was at the beginning and we might have similar future where there would be gradual increase unlike 2017.

[shield132]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

Since you mentioned that you have a lot of ideas about cryptocurrencies, I think it will be great to state them cause as I see people are out of fantasy and are looking for them.
It can but we can't say exactly and since we can't say exactly, how one can say that bitcoin can see it's value to increase as much as in 2017? Hard case yeah? Yes, cause we don't know which scenario will happen, it's like 50/50 in this situation.
Btw one thing that gives me hope is that 64% of bitcoin's haven't moved since 2018 which means hodlers are looking for great rise and what's the best time of it? Of course halving like that happend in last one.

[maxreish]

The moment you know about bitcoin, you should be aware that prices are volatile. 2017 bitcoin price can possibly repeat or not. We don't even know that yet since Bitcoin can exceed our expectations and market is hard to predict. Everyone wants to see the previous momentum price at 2017 but honestly, it is hard to achieved that price again. And history doesn't repeat itself like others are claiming.

[romero121]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

This crypto market is very volatile and nobody could make actual predictions of the market even trade experts also but what we witness in 2017 was insane pumps in prices as prices rises suddenly to ATH levels and croseed $20k barrier and then there were huge dumps in prices and market crashed afterwards but somehow managed to rise to $8500 this year but next year halving will have positive impact on prices and they can rise again but 2017 pumps is difficult at current but who knows what happen in this risky and profitable cryptocurrencies.Just hope for its betterment.

We might not see a repeat of 2017 again as it seems like that was once in lifetime opportunity but yes there will be pump but not like the one we had in 2017 because we have seen 2019 as not a bad year for crypto because the price of bitcoin has increased than what it was at the beginning and we might have similar future where there would be gradual increase unlike 2017.

The market has widened, it has matured and this has been moving good with better and bigger level of adoption than the year 2017. If there is room for growth it'll happen, there is no need of making it compared with the past years. By the year 2017, none expected such a level of growth. Once after price reaching high we always think of the market to be in the top.

With cryptocurrency what we have today might give us with a big benefit by tomorrow, if not we'll end up losing. This is the scenario, to overcome the same rather than looking for large scale growth it is good to earn between the price fluctuation and accumulate as many possible.

[Dart18]

You will just be discouraged when you are expecting too much. Better just stay with the flow for now.

You also have the idea to sell right? Waiting for the price increase so that you could dump it all.
But that might not happen.
Look at the events first. There will a halving that will happen May of 2020. That could mean that a price dump might happen first for whales want to buy a cheaper price of bitcoin.
I am not saying you should sell now, better just wait.
If you are a buyer, well we dont know if this is the cheapest we could get.

[Golftech]

The moment you know about bitcoin, you should be aware that prices are volatile. 2017 bitcoin price can possibly repeat or not. We don't even know that yet since Bitcoin can exceed our expectations and market is hard to predict. Everyone wants to see the previous momentum price at 2017 but honestly, it is hard to achieved that price again. And history doesn't repeat itself like others are claiming.

You need to be more active so you'll be able to catch up with how the market reacts. The chance to see that it will pump is always possible though there's also some chances that it can fall more. You have work with every information that you can gathered around to position yourself and to expect the right decision for your investment. Keep your positivity it will help you stay patient while waiting for the good bounce.

[lienfaye]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

Anything is possible to happen in crypto though we cant predict accurately until when we're going to wait.

The halving next year is the event that might put the market into upward movement however there's still no assurance.

Many investors are optimistic that we can reach or even surpass the last ath but only time can tell.

[lunnatic]

Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you 

if you still believe it will happen, the future is still long for bitcoin, I hope you are healthy and can see bitcoin flying high like in 2017,
there are still many opportunities don't worry

[bitbunnny]

Don't expect for 2017 to repeat, it's not very likely and you might get disappointed.
That was specific year for Bitcoin with specific conditions in the market. I'm not saying that Bitcoin will not again reach price of 19000$ or more but that moment isn't now.
Some expect from halving to start another price pump but that is only speculation.