The history of Bitcoin prices.

[Raja Singa]

BTC

Happy new year to all Bitcointalk members. Hopefully, 2020 will be a good crypto year, far from scammers. And being a good historical year for Bitcoin and altcoin.

If we refer to the history of Bitcoin, in April 2013 the price of Bitcoin is $ 134 and ending in December 2013 is $ 745. This means a good year for crypto, specifically Bitcoin.

In January 2014 the price of Bitcoin was $ 933, and it ended in December 2014 is $ 317. This has been a very bad year for Bitcoin.

In January 2015 the price of Bitcoin was $ 264, and ending in December 2015 was $ 422. There has been an increase in prices this year.

As of January 2016, the price of Bitcoin is $ 430, and ending in December 2016 is $ 896. This year repeats history in 2013.

As of January 2017, the price of Bitcoin is $ 911, and ending in December 2017 is $ 14,156. I think this is a strange year for Bitcoin, a drastic price increase, and unexpected.

In January 2018 the price of Bitcoin was $ 16,477, and ending in December 2018 was $ 3,865. And this has been a bad year for Bitcoin, a very rapid price drop. And this repeats history in 2014.

In January 2019 the price of Bitcoin was $ 4,076, and ending in December 2019 was $ 7,422. This is comparable to what happened in 2015 and 2016. There is an increase in prices, but slowly.

This data was taken on the CMC website, based on data in January and December.

In 2020 I predict that the price of Bitcoin will increase. In January 2020 the price of Bitcoin is $ 7,223, and by December 2020 I estimate that the price of Bitcoin will reach $ 15,000 to $ 18,000. And I would argue that the price of Bitcoin in 2020 will not exceed $ 20,000. Perhaps many experts are of the opinion that the price of Bitcoin will reach $ 50,000. But I do not agree with these experts. The logic of my opinion is that the price of this Bitcoin will increase for three years accordingly, and after that, it will drop again.  The price of Bitcoin will last until 2021, and by 2022 the price of Bitcoin will drop.

What is your opinion?

[Darooghe]

I think the more important aspect for continued bitcoin adoption and longevity will be the low on the the next bubble. the lows have always been higher than the previous lows, generally by 10 times greater. Thereby, if it holds true again, it will be $3,200 in 2018 to $32,000 in 2020-2021. Even the next low will be at a better position than I'm in today, so the promised bubble is irrelevant to my long-term investment, except as an indicator when to stop buying while 90% are starting, then take some profit, and when to resume buying.

[AliMan]

I think the more important aspect for continued bitcoin adoption and longevity will be the low on the the next bubble. the lows have always been higher than the previous lows, generally by 10 times greater. Thereby, if it holds true again, it will be $3,200 in 2018 to $32,000 in 2020-2021. Even the next low will be at a better position than I'm in today, so the promised bubble is irrelevant to my long-term investment, except as an indicator when to stop buying while 90% are starting, then take some profit, and when to resume buying.

That's a smart and quicker decisions to have right now, we shouldn't wait until such time our funds will be out of track. We're now at the midst of dumped price of btc and certain scenario of history repeats itself. I was feed up by $7k price fluctuating since December until new year, and then it was declining back slightly touching below $7k. If I we're to decide, taking the low price is good to purchase btc holdings while it's not yet pumping so high because by the time it spiked you're going to take good profits.

[CryptoBry]

In 2020 I predict that the price of Bitcoin will increase. In January 2020 the price of Bitcoin is $ 7,223, and by December 2020 I estimate that the price of Bitcoin will reach $ 15,000 to $ 18,000. And I would argue that the price of Bitcoin in 2020 will not exceed $ 20,000. Perhaps many experts are of the opinion that the price of Bitcoin will reach $ 50,000. But I do not agree with these experts. The logic of my opinion is that the price of this Bitcoin will increase for three years accordingly, and after that, it will drop again.  The price of Bitcoin will last until 2021, and by 2022 the price of Bitcoin will drop. What is your opinion?

We have the same opinion. Bitcoin will be experiencing some good growths this year hopefully, but we should not expect that it can be able to go beyond its ATH at almost $20K. Maybe that can be happening in 2021, a year after the halving as shown and based in some historical data on the halving effect. Well, getting into $10,000 and beyond is already a big milestone for Bitcoin, and I do really wish that it can be happening soon. However, given how volatile and unpredictable Bitcoin is, we should also give some space for some possible wild run.

[Duzter]

Once after bitcoin reaching a new all time high value டீ adoption level of bitcoin as well other cryptocurrencies have increased in large scale. Though there are people who term it to be a bubble, the growth in number of cryptocurrency users keeps increasing with time. During the previous halving itself there is big expectation for the year 2020. This need to come true as we're reaching the targeted level of adoption for this year.

[panganib999]

The year of early 2017 to late 2018 was a result of the stabilizing of price of BTC during the bubble of 2017. You yourself had said that the year was weird since the price pump was way too high, and honestly, its like you built a mansion atop some flimsy wood you found on the corner of a shed. Naturally, the workers would need to rebuild everything from the bottom to ensure it has a stable foundation right? Which was what the market did, and so the cause for the huge drop in price.

I'm of the same opinion with the $15k ending, but it should only go up no? Especially if we see the halving as the same as the past ones, Bitcoin would actually surge instead of drop. A price increase to $25k - $30k would not seem weird, and it has a chance, just that it's kind of out of the minds of people right now so many are pessimistic about its chances.

[sunsilk]

For charts and analysis experts, is there a certain name for this kind of pattern?

It is a pretty interesting insight although I'm still putting the idea first that it is always an unpredictable asset. But my full hope is gotta be on 2021 where it's possibly that everything is already set due to halving and institutional money has already been flowing.

This is a speculation that I've read which I think will happen but the ending price for this year base on the opinion of OP is a realistic thought. It's likely and I would be more happy to see that again.

[barota]

yes i agree that prices have high probabily for reching 15000 usd at lastest and high prices price in history above 18000 usd per btc again . the reason of each halving is to making prices at high level always . i hope effect of halving will start soon like other past halving

[Wexnident]

Double the price of current is indeed a good start or good point to analyze. I mean, last year, bitcoin started to 3k and ended with 7k and we can easily identify that that year was a development year from BTC after the bubble crash of 2017-2018. Plus, there's also the possibility of the halving making a major effect towards this year and the next BTC market growth.
 

yes i agree that prices have high probabily for reching 15000 usd at lastest and high prices price in history above 18000 usd per btc again . the reason of each halving is to making prices at high level always . i hope effect of halving will start soon like other past halving

The reason of halving isn't to raise the price, its to limit the supply. Limiting the supply doesn't necessarily mean that price would go up. its just that a byproduct so to say. Plus, the halvings brought price increase in the past because of demand being high and supply slowly being limited with each halving.

[Baofeng]

Who knows. We have to remember that the crypto market is very young so we only rely on a small sample data to 'predict' the future price of it. So we really don't know if the future will repeat itself or if we are going to see a different pattern this 2020 specially after the halving.

It's good to look at the past historical logs, but don't consider it as if the price history will just repeat itself. There are a lot of parameters to look that can impact the price in the future.

[AbuBhakar]

Once after bitcoin reaching a new all time high value டீ adoption level of bitcoin as well other cryptocurrencies have increased in large scale. Though there are people who term it to be a bubble, the growth in number of cryptocurrency users keeps increasing with time. During the previous halving itself there is big expectation for the year 2020. This need to come true as we're reaching the targeted level of adoption for this year.

If ever it may not reach, next year can be a another's history if history really repeat itself. If banning will be eliminated and adoption rate will increase, price increase can be possible and may reach another ATH. However things still weren't happening the way we wanted to be so we should always be oriented in news and prices to do necessary action like buying or stopping Loss.

[sisule]

What about your prediction with bitcoin from January until December in 2020 will across of higher price of bitcoin before on 2017 above $16k, although bitcoin will halving time can give guarantee we can see bitcoin with higher price or behind with lower price, although actually halving is not always can give you seeing bitcoin with higher price but you have ready when investing whit bitcoin and altcoin.

[Cimmy_revenger]

I will collect bitcoin until halving bitcoin, if any flashback before halving bitcoin occurs the price of bitcoin tends to go down shortly after that bull run again.

[rijaljun]

Who knows. We have to remember that the crypto market is very young so we only rely on a small sample data to 'predict' the future price of it. So we really don't know if the future will repeat itself or if we are going to see a different pattern this 2020 specially after the halving.

It's good to look at the past historical logs, but don't consider it as if the price history will just repeat itself. There are a lot of parameters to look that can impact the price in the future.

Someone out there always says "historical chart will repeat" but you make a good point. Bitcoin is very young and lack of historical prices (compared to stocks or anything) to predict but so far it's proven that the price repeats. Although it's gonna full of doubt but we can still use the chart to predict while the market slightly generate more signs for the future predictions.

[cryptoangel]

Bitcoin history was past so everyone know the each and every details. But if we analyse the 2020 prediction totally waste our energy, Majority of the experts also predict some possibilities on 2019 and it will never happened on last year. I expect this year we see some good grow on Bitcoin and it will dump also occur at slowly so we must stay here long term surely it will make good profit in crypto market.

[Lucius]

~snip~

When you are comparing BTC prices, you should put them in a specific context - and therefore 2015/2016 cannot be compared with 2018/2019 for at least one reason, it is pre-halving and post halvings periods.

For example, January 2016 was the same time ( in terms of halving) as it is January 2020, and we see that post-halving effect pump price 100%, but does that mean the same thing will happen this year? It is possible if Bitcoin follows its usual patterns, but it is also possible that the price at the end of this year may be the same as now or even lower.

If a price is doubled in this year, then 2021 should probably be a year of big bull run, similar to 2017. But then correction is inevitable unless some miracle happens that stabilizes the price.

[moviebuff777]

I think you price prediction is conservative which is not a bad thing. I have predicted a higher price by the end of the year but this is because of the halving coming up. I think the price could exceed $20,000 by the end of the year.

[Raflesia]

Speculating about the price is okay but we need analysis so that it is a bit on target, we know people expect halving to raise the price of bitcoin to a high level but in a few months halving occurs but the market is still in conditions like whether this still hasn't come its running bull.
When these conditions multiply save bitcoin because something will grow faster.

[olumyd]

BTC

...In 2020 I predict that the price of Bitcoin will increase. In January 2020 the price of Bitcoin is $ 7,223, and by December 2020 I estimate that the price of Bitcoin will reach $ 15,000 to $ 18,000...

What is your opinion?

I kinda agree with you here, but I do lean more on price increase if macroeconomic indicators continue as is, especially with the events happening with the stock market, interest rates, and possibility in further rise in inflation.

This seems fair enough. Unlike many predictions I've seen, your logic seems more valid since it is based on heuristic data. Others just "feel like it". That could be quite misleading.

[drachman]

For charts and analysis experts, is there a certain name for this kind of pattern?

It is a pretty interesting insight although I'm still putting the idea first that it is always an unpredictable asset. But my full hope is gotta be on 2021 where it's possibly that everything is already set due to halving and institutional money has already been flowing.

This is a speculation that I've read which I think will happen but the ending price for this year base on the opinion of OP is a realistic thought. It's likely and I would be more happy to see that again.

I read the post and while it seems interesting that is not really too much of a pattern since we know that all markets move in cycles, after a bull market a bear market has to appear and then sometime needs to pass before we see the bull or the bear market again, and it seems to me that we are at that moment in the cycle so this is the perfect time to accumulate coins or at least to keep the ones that you have because it is doubtful the price will go down too much anymore.