Bitcoin was $3,871 on this day - 1 year ago

[stomachgrowls]

On this day, 1 year ago on 8th March 2019...

1 Bitcoin = $3,871

Here is how far and wide we have gone in the last 1 year. Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?

We cant tell if on next year on the same date would really give out the same scenario because not all the time it will give out the same situation where we do see that the price had risen up
which it might either go down or up on that particular date.I do remember out that lower low price wayback which i do even have the feeling that it might even shoot down even more and
lucky for those people people who do risk up on buying that time and having that 100% gain isnt bad for a year.

[el kaka22]

I guess the drop in ALL of financial world just affected us and that is of course upsetting and hopefully will pass. However, this 1 year ago things are really making me feel a lot better if you take a look it every single year. Maybe from 2018 to 2019 it could have been lower since 2018 started high but ended low so 2019 was low during these moments however from 2018 to 2017 when you look 2018 was higher and 2017 to 2016 the 2017 was higher and if you keep going like that you will probably see every year you go back once you will see lower and lower except literally just one year at 2018.

So, I assume this is at least optimistic way to look at long term bitcoin bullishness if nothing else about the future but I feel like one year from today the price will be higher as well and two years from today will be higher than one year from today.

[Goodvalony]

i think we might go down to that level again. liquidity hits harder after the first two waves. Another just happened. Another deadly bloodbath is taking place. i wonder when this will stop.
[https://imgur.com/a/Vdv9DUM][/img]

[alan2here]

i think we might go down to that level again. liquidity hits harder after the first two waves. Another just happened. Another deadly bloodbath is taking place. i wonder when this will stop.

I was quite shocked at the current price of Bitcoin because yesterday the coin was still stable at $8000 but today the coin dropped to $5,500 making all investors panic. In fact, this is something that has been anticipated and perhaps this year is the year that everyone will have many difficulties in investing.

I'm not sure what made this market like this, but most of the other financial markets are in the same situation as the crypto market.

[shoreno]

i think we might go down to that level again. liquidity hits harder after the first two waves. Another just happened. Another deadly bloodbath is taking place. i wonder when this will stop.

I was quite shocked at the current price of Bitcoin because yesterday the coin was still stable at $8000 but today the coin dropped to $5,500 making all investors panic. In fact, this is something that has been anticipated and perhaps this year is the year that everyone will have many difficulties in investing.

I'm not sure what made this market like this, but most of the other financial markets are in the same situation as the crypto market.

same here  , the price really makes every single people panic because it drops fast with big percents ever minute or so  but i was more shock to see that the price last year was more lower   . i already forgot it thats why im shock  and if i compare them , ill still be thankful that btc is still up compare to last year  .
 these times i dont think people will have a dificulty when investing but its actually easy to invest now because the drop is straight without any pokes or something

[Yamifoud]

Then we hope that everything will be resolved quickly especially this global health crisis and so we get back into recovery.
The market trend is really going down which most holders are probably be worrying right now. Of course, it was a normal feeling especially when you buy Bitcoin at $7k or higher.

Yeah, it was that one year ago that the price drops to $3,800 and we're not sure this year if we can't be even lower that price as we face the big challenge by now. Even we are so optimistic person but we can't deny also to think of any negatives.

[hahay]

Corona virus has messed up in many ways and does not rule out the possibility that the crypto market will be affected as well, not sure if bitcoin prices will remain above 5k because this decline is very sharp and it is very likely that prices will continue to fall, this is something I don't think about previously because indeed, before I did not think the corona virus would not have an impact on the crypto market, but what is happening now I think things will be even more chaotic if the spread of this outbreak cannot be stopped.

[Twinkledoe]

Corona virus has messed up in many ways and does not rule out the possibility that the crypto market will be affected as well, not sure if bitcoin prices will remain above 5k because this decline is very sharp and it is very likely that prices will continue to fall, this is something I don't think about previously because indeed, before I did not think the corona virus would not have an impact on the crypto market, but what is happening now I think things will be even more chaotic if the spread of this outbreak cannot be stopped.

At first, we are not considering corona virus to be of significant factor in the bitcoin price recently, but I think, we are now experiencing its impact in the crypto market as this virus is already pandemic. The economy has been affected by this not only in China but around the globe. More and more areas are in lockdown. At first, I thought, it will drive the increase in bitcoin as people will resort to crypto in transactions but I guess I'm wrong. 

[Janation]

And people are panicking here on our side.

Not just because of the pandemic that is happening but because of the fact that the stocks are falling but the same in cryptocurrency. This just proves that is the best time to invest, I am not saying that history really repeats itself but we never know.

[Botnake]

And we are back again, the market has struggle and we might see a price lower than the price one year ago per OP's post.
Hopefully those investors who panic right now will see this and realize that bitcoin drop to this low before we pump high last 2019 at $13k IIRC.

[nelson4lov]

A few days ago, Someone asked about the effect of Coronavirus on the crypto market. A lot of people condemned it saying Crypto has and will always be a safe haven for investors. While that's true, Its important to know that these investors are living in parts of the world where Coronavirus has brought extreme fear. China is one of the biggest investors of crypto markets and it is heavily plagued.

However, we've seen Bitcoin recovered quite a bit from the drop, from $3750 to $5400 (current price as at time of this post).  What happens next is yet to be known. We'll have to see how it unfolds as more and more updates about the global pandemic.


What's next? In times like this, it is expected that you don't make rash decisions. But if you have spare funds, you might want to buy at these prices. No one thought Bitcoin/alts will get this cheap in 2020. Don't forget the Bitcoin halving event is less than 3 months away.

[maydna]

What's next? In times like this, it is expected that you don't make rash decisions. But if you have spare funds, you might want to buy at these prices. No one thought Bitcoin/alts will get this cheap in 2020. Don't forget the Bitcoin halving event is less than 3 months away.

I agree with you. We have a good time yesterday and today to buy bitcoin because bitcoin price was down deeper. We should use this moment to buy more bitcoin at these prices because who knows, after this is the end, bitcoin price will be back to the higher price so we can sell some bitcoin or some fraction of bitcoin to make a profit. We get a discount price of bitcoin right now, and we don't have to panic like others because if we panic, we cannot see a good time to buy more bitcoin, and we will regret it in the future.

[rodskee]

On this day, 1 year ago on 8th March 2019...

1 Bitcoin = $3,871



Here is how far and wide we have gone in the last 1 year. Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?

We almost go back to that Value earlier today ,lucky that market spikes back just after an hour of dumping hard to bring down the price of Bitcoin to $4.090 and this is the lowest for almost a year.
but we still don't know what will happen tomorrow because really the corona virus is making hard for the market to climb up again.
but we should be grateful to have a chance to Buy again in this Bottoming market.

[isaac_clarke22]

Right now Bitcoin is swinging back and forth around 5.2k to 5.9k lately, so we might expect a purely randomness in its volatility. We might dip into that price back in 2019 and hey I felt the pain that year but I didn't panic at least and people here shouldn't also just like those people panicking in their nearest supermarket thinking that they'll need all the things that they bought out of panic.

[htsy585]

On this day, 1 year ago on 8th March 2019...

1 Bitcoin = $3,871



Here is how far and wide we have gone in the last 1 year. Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?

The whole thing seems more like a circle repeating year after year. However I'm certain about the current bear market being caused due to the global crisis everywhere and the coronavirus epidemic. Cryptocurrency seems to be the least affected investments option when you check out other markets. I'm very optimistic that bull isn't far from cryptocurrency market as this year already shown a great market prospect before the coronavirus and the crisis.

[bitbunnny]

Like most of you on here, I also do think this new BTC price drop is another market correction proceeding the BTC halving event.

I'm not sure why this is happening or what's causing this drop but what it can be said so far is that in comparison to the other cryptos BTC is still among the lowest drops in the market. Having said this it seems to me that this may be an opportunity to buy at a new low before it recovers again, of course, it is difficult to say when exactly is best to buy or how low BTC will go but one can only take calculated risks.

I also don't think that recent price drog has anything to do with Bitcoin halving or corona virus n Also, I wouldn't draw corelation with last year period and try to find the patrern or similarities because I don't think there isn't any.
However, I agree this is the good opportunity to accumulate more Bitcoins and not to react with panix selling like unfortunately many do.

[TravelMug]

And we are back again, the market has struggle and we might see a price lower than the price one year ago per OP's post.
Hopefully those investors who panic right now will see this and realize that bitcoin drop to this low before we pump high last 2019 at $13k IIRC.

Yes, the market has some recovery today, thanks to those who have bought because this is a once in a lifetime opportunity again. If we are going to compare it from last year's price, you just have to look that it went from $3k->13k in May-June.

So Im not saying that it will happened again, but definitely chances are, we might see the price goes to that level or even more specially after the block halving in May.

[FanEagle]

Interestingly even though none of us expected something like this, it actually broke lower than 3871 for a while last night. I mean surely it wasn't for a long time and we are higher yet again thanks to buyers but it did broke down lower. The question is, how did bitcoin managed to start the year at 7k, moved above 10k almost breaking 11k (but didn't) and then it went down to 3.5k levels in just 2.5 months, the trouble here is not that it did, the trouble here is it can.

Do we really not mind the fact that bitcoin could make these wild moves? Wouldn't it be better if there was some sort of level of regulation or at least some limitations to bitcoin price that makes sure that you do not earn 1000x in a day but you don't also lose this much in a day as well?

[yanto@1977]

On this day, 1 year ago on 8th March 2019...

Where do you think it will go from here?

On that day I still focus and optimist about bitcoin but now my optimist reject by corona, really bad. I believe corona is X factor and no one can predict and avoid it, all stop loss reach in a week and we must create new plan before halving came and market become worst. My third buy back is in 4,9K but my cut loss make me loss 40% from my fund. I try to optimist this is temporary and already make buy back at 5.3K , I hope my analysis correct this time.

[bearexin]

Now bitcoin being tested as an asset class in the current global turmoil of coronavirus and rate cuts.
Where do you think it will go from here?

The test is not a small one meehn  4 days back the price was around $7000 and I’m surprised that I checked today to be seeing $4.9k! Bruuh like seriously?! That’s over 50% decrease in the price in the last one week of time.

The test is not a small one. I’m even more surprised because I saw news recently after Bitcoin was declared legal in India and some economists were saying that people shouldn’t be too excited about that because the price is going to drop. I thought it was another hate talk and I never knew it’s going to be accurate this time. I hope the Halving changes this.