Two Years Ago, Bitcoin Was Over $19,000 — What Happened?

[nydiacaskey01]

Instead of being busy searching for answers what really happened and why it did not happened again in 2018 and maybe in 2019 as well, I would rather watch my coins and wait for it to reach my goals and sell. I will let other not so busy traders out there to search for the answer.

However, what I know is there are a bunch of Stockmarket traders who switched to Cryptos and dump when it reached their goal which very much well played. Thats how traders should work too, buy and sell upon reaching the target and move on.

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[Wexlike]

Instead of being busy searching for answers what really happened and why it did not happened again in 2018 and maybe in 2019 as well, I would rather watch my coins and wait for it to reach my goals and sell. I will let other not so busy traders out there to search for the answer.

However, what I know is there are a bunch of Stockmarket traders who switched to Cryptos and dump when it reached their goal which very much well played. Thats how traders should work too, buy and sell upon reaching the target and move on.

It's a good thing that most bitcoiners are thinking differently. We're trading to increase our sats, not to make some fiat gains.

[owengtam09]

It drops so hard after the ATH's because when the bitcoin value already slowly dropping. Then some big investors just invest without even knowing that it will drop more so hard and got their investments lose so maybe they just turn their back to bitcoin.

[alisonwonder]

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

nothing is impossible in crypto, you can see the history of price movements, there are so many things that we think are impossible, but that can be done by bitcoin.
I believe history can repeat it. halving next year can make that happen again, even many predict it could go higher than 2017.

[posi]

It drops so hard after the ATH's because when the bitcoin value already slowly dropping. Then some big investors just invest without even knowing that it will drop more so hard and got their investments lose so maybe they just turn their back to bitcoin.

That's not what this all about. The season which was mentioned by the analysis on Twitter was halving effect season and during such period very genuine or strong crypto are all expected to hit a new ATH through the following of bitcoin market trend and later experience market blood bath with correction for a new accumulation chance.
Meanwhile, experienced investors understand that buying or investing when the market us at ATH is die investment.

[nanaimogold]

What happened is that markets are fickle and people generally get stressed out over nothing.  I'm honestly past caring whether it's bull or bear season because I have no plans to sell in the foreseeable future.  Given that the traditional economy has effectively failed an entire generation or two, BTC is now, most likely, the only way I'm going to have anything resembling a pension when I retire.  This shit is my nest egg now.  Accumulate and hodl*.

_{*<insert usual disclaimer about not being a qualified financial advisor>}

From a holders perspective, I doubt there should be any reason to worry about these daily price fluctuations. Holders should leave speculation to traders. Cryptocurrency and bitcoin has come to stay and its value is high important to the scheme of things which makes bitcoin integral to the development of future world economy

[wheelz1200]

It was pointed out on Twitter that, just two short years ago, Bitcoin was hitting the peak of its most recent bull run — touching close to $20,000. The question of what the recent bear market has meant for the asset was then debated, with some claiming that this is the beginning of the end… and others unconcerned.

The point was originally made by Twitter account of Rob “Crypto Bobby” Paone (@crypto_bobby) in a tweet, where he shared what the market price of both Bitcoin and Ethereum were two years ago to the day.

Source link here

To all of those who have experience the big bull run of Bitcoin and other cryptocurrencies, I know how it feels.

We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.

I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

If only one could see the future.  Cycles have always happened like this in crypto.  From nothing to $30 then back down to $1, the the run up in 2013 to $1000 only to come back to $180, then the run to $20,000 then back to $3,000.  I would like to say there is a pattern but that is only speculation.  Has crypto matured where dramatic spikes wont occur again, I dont think so it is a very very young market.

[adzino]

I don't know why people keep on comparing the price of bitcoin with the price two years ago (during the sudden price rise). Look at the price of bitcoin four years ago and compare it now. Look at the of bitcoin six years ago and you will see that we multiplied our price by many folds! The price of bitcoin is meant to increase in the long run and more people gets to know about it. The short run price of bitcoin is totally unpredictable since the price is very volatile and sensitive to every events that might take place.

[Twinkledoe]

I don't know why people keep on comparing the price of bitcoin with the price two years ago (during the sudden price rise). Look at the price of bitcoin four years ago and compare it now. Look at the of bitcoin six years ago and you will see that we multiplied our price by many folds! The price of bitcoin is meant to increase in the long run and more people gets to know about it. The short run price of bitcoin is totally unpredictable since the price is very volatile and sensitive to every events that might take place.

Yeah, it's funny that a lot of people can't move on from that ATH but yes, if you compare it years before that, you will be grateful for whatever bitcoin has accomplished til now. That ATH is like the career peak of bitcoin and we don't know when will it happen again. But with more knowledgeable crypto users and more adoption, I believe the future of bitcoin is still bright.

[pixie85]

He probably forget three years ago, bitcoin was by far less than $100, they’re just trying to cherry picking on the price, but two and three years does it make much difference? Do you brother with what you did five years ago? I could barely remember three years ago and every moment.

Damn, you must be watching another Bitcoin in another timeline. 3 years ago meaning 2017 the lowest price was 700 dollars. If we include November and December of 2017 to make it exactly 3 years it was 600 dollars. Say you meant 4 years then the lowest was 150 and the price barely touched that level and went back to 200.
Last time we were below 100 was in 2013.

[harizen]

We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

I don't know why others, especially those who witnessed the 2017 hype, are hoping or "wishing" for another bull run in just a matter of a short period of time after the biggest crash in history last year. Just imagine after just several months when that new established ATH happens, bitcoin price crashes to an unexpected bottom. Do these people didn't learn from that crash? Do they really want to repeat that 2017 rally with only pure hype as a foundation?

No need for a rush. Let the progress evolves slowly so that we can assure that we will have a healthy run and not just a product of pure hype. I know it's impossible to happen for now that we will have growth without an involved hype but at least we want to make sure that the next big run is a product mostly by pure demand.

For now, enjoy the bottom. If people are really optimistic about bitcoin's future, they have to trust the process even it will take several years in the making.

[Febo]

Two Years Ago, Bitcoin Was Over $19,000 — What Happened?

Price was to high back then. A lot sold as soon as it got over $10000. Or bought altcoins. It was a crazy time. We are lucky we live now in such peaceful times.

[drachman]

It was pointed out on Twitter that, just two short years ago, Bitcoin was hitting the peak of its most recent bull run — touching close to $20,000. The question of what the recent bear market has meant for the asset was then debated, with some claiming that this is the beginning of the end… and others unconcerned.

The point was originally made by Twitter account of Rob “Crypto Bobby” Paone (@crypto_bobby) in a tweet, where he shared what the market price of both Bitcoin and Ethereum were two years ago to the day.

Source link here

To all of those who have experience the big bull run of Bitcoin and other cryptocurrencies, I know how it feels.

We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago. That's where I finally getting serious about Bitcoin after years of being skeptic.

I was just fortunate back then while I invested some coins and tokens, I sell when it peaked and I didn't wait anymore till the value goes down.

For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

All markets regardless of their maturity will experience bubbles from time to time, what we saw in 2017 was the perfect combination of several factors that made people really positive about the future of cryptocurrencies, I'm still very positive about it but now I understand like most people here that went through that bubble that it is going to take a lot more time for bitcoin to reach its ultimate goal of becoming a currency that is accepted everywhere.

[ecnalubma]

Just keep the faith, Bitcoins technology and purpose itself is the real factor that will drive the prices up in the next few years. Where all here to make money I assume but it will take time again before we can see a significant growth. The recent ATH was a product of hype and not a real growth but the fundamental of Bitcoin remains forever and I will not be doubtful of its potential.

[alexsandria]

Market isn't always what we think it should be. It doesn't work in a way we want it to. Surely, dumps and high rate of demand plays a big role in controlling the market but it doesn't rely on much of that. It has other sector that other people might know or not. And besides, though high price brings fortune still we have to take work in earning that, that's why bear market isn't always a bad thing because that is anther opportunity for us to save and take advantage when market is at its peak.

[Trela]

...
For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.

Haha, maybe you are right! Everyone becomes wiser or at least doesn't care about it anymore. I'm still looking forward to what will happen next year after Bitcoin Halving happens. Maybe, we're staying in a silence time before a big storm, but perhaps we also have gone through the glorious time of Bitcoin and crypto. But I love this, the harder it's to guess, the more interesting it becomes.

[justdimin]

It may still happen depending on the mainstream media and what whales will do with it. We can reach to 20 thousand dollars and stay there, we had that type of increase before, remember that 1500 dollars or so all time high we had for a while? We broke that on a regular Tuesday type of deal, we didn't skyrocket beyond it, we slowly and gradually went above it and reached 20 thousand, so 1400 was all time high and we went to 20 thousand instead.

Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.

[Oneandpure]

It may still happen depending on the mainstream media and what whales will do with it. We can reach to 20 thousand dollars and stay there, we had that type of increase before, remember that 1500 dollars or so all time high we had for a while? We broke that on a regular Tuesday type of deal, we didn't skyrocket beyond it, we slowly and gradually went above it and reached 20 thousand, so 1400 was all time high and we went to 20 thousand instead.

Now could the same happen? Sure why not, it is a possibility but nobody really knows if that is the way bitcoin will go, maybe we will reach to 20 thousand once again and media will talk about how selling right now guarantees profit and whales may start shorting at the same time and all hell could get loose once again, we don't know.

Mainstream media make many people panic for selling bitcoin and make price become down, many countries try to make bitcoin have lower price by giving fake news by media and use social media in twitter and Facebook to make bitcoin down, if bitcoin reached with higher price above $16k no one want save their money in the bank and like for investing with bitcoin only.

[Oasisman]

However, what I know is there are a bunch of Stockmarket traders who switched to Cryptos and dump when it reached their goal which very much well played. Thats how traders should work too, buy and sell upon reaching the target and move on.

If selling your crypto asset after you hit the target is called dumping, then yeah all of us are dumping, even Bitcoin.
The thing is, retail investors can't pump any coin in the market alone. We need big players to pour in massive dollars to Bitcoin or any other alts for the marketcap to increase. Thus, the unprecedented rise of Bitcoin in 2017 will happen again.
One thing I noticed in the market today is, It doesn't have a strong indicator that we're going to have the bull on 2020.

[gabmen]

Well back then it was hype and FOMO. Not all that bought in knew what they're dealing with. Just the hope of making big easy money. Now, after what happened in 2018, people see bitcoin differently. I think it'll be hard to get the same people to jump into another FOMO like that. That's why unless whales start a drastic pump, I don't think we'll have the same movement anytime soon.