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

[coingecko]

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?

[adaseb]

I remember the day pretty well. I actually assumed we might top at $4000-$5000 and head back down and retest the 200WMA. I didn't think that there would be such a fast recovery a few months later.

The days were pretty bad back then. People were calling for 3 digit bitcoin. The funding rate for futures was actually at a discount instead of a premium. People were shutting down their mining rigs. Bitcoin ATMs were being removed from stores. Many bitcoin services had to lay-off staff or went bankrupt. Its pretty crazy how March 2018 was so bullish and people were expecting $20K to break again and a year later it was the complete opposite.

[GreatArkansas]

The time when the correction hit really hard from $19,000 of Bitcoin and then pullback above 50%. It's really tough especially for those people who bought at $6,000 (like me)but the dump continued to $4,000 and below.
But still, the game is for long term, so I continued to hodl and still accumulating more.

[The Cryptovator]

I have remembered that days, it was golden chances to accumulate bitcoin. I had accumulated very small quantities. Honestly I never imagined that bitcoin will fall like this. Bitcoin now almost 2.5x compared by a year back. Perhaps we might experience 3x from now after a year as well. Before a year when btc was dumped I suggested some people to accumulate some. Couple of people bought and say thanks later but couple of people was worried about more dump and they REKT eventually. However for current year still I think it's time accumulate some bitcoin, so perhaps next year they could get benefit from it.

[Oasisman]

No one knows where will Bitcoin's price will head in the next months. But, knowing that there's an incoming block halving event, and everyone is expecting a good price run. So, there might be a good chance that the positive expectations in the market would initiate a bull run, if not this year maybe on 2021.
Though looking at how far Bitcoin have come from $3,000 level last 2019, Im still considering the current price as a good progress in cryptocurrency.

[abel1337]

No one knows where will Bitcoin's price will head in the next months. But, knowing that there's an incoming block halving event, and everyone is expecting a good price run. So, there might be a good chance that the positive expectations in the market would initiate a bull run, if not this year maybe on 2021.
Though looking at how far Bitcoin have come from $3,000 level last 2019, Im still considering the current price as a good progress in cryptocurrency.

Right, At least the price today is much better than the price last year. Still, there is a chance that bitcoin can hit a good price because of the possible hype that can affect the bitcoin price before and after the halving. More people are hoping for a good price after the halving and we can't really be sure if the price would go up into our expectations.

[qory]

Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.

[FlamingFingers]

Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.

You need to look at it from two different angles, those who sold then and not believe in bitcoin and the other people who bought then because they believe in bitcoin,  the later will definitely have a good memories, If eventually they are holding up till now that's x3 profit, in crypto the patience one tends to benefit more,  it's more or less like transferring money from impatient ones to the patient ones

[Akiko]

Not good way for memorize what happen with bitcoin price last year or last two year because give bad effect for us, how many people have sell bitcoin with lower price and looks most disappointed when seeing bitcoin today back to higher price and take much profit.

thats not a problem , the OP is just giving price information to BTC price from last year up to now.
If you sold your coins  that time its your mistake not the graph mistake  .

But if you bought BTC that time its morethan 150% increase from your investment not bad news to those who buy BTC that time. But a nightmare to those selling it.

[Bttzed03]

Those who sold during those days and left are probably regretting right now. "Lucky" are those who bought and held on.

Wild guess for March 8, 2021, at least $13K 

[Shimmiry]

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?

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

[maydna]

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

You still have that opportunity to earn more bitcoin if you still trying to do that now. Don't feel guilt and regret now because if you still have that feeling, you cannot earn that bitcoin, and you can not move on. I am sure you will have time to make that bitcoin, no matter what you do later, and you don't have to stop before you can earn that bitcoin. Now, while bitcoin is down, you can try to buy with any amount of money, hold it for a while, and sell it when the bitcoin price increase.

[dioanna]

The time when the correction hit really hard from $19,000 of Bitcoin and then pullback above 50%. It's really tough especially for those people who bought at $6,000 (like me)but the dump continued to $4,000 and below.
But still, the game is for long term, so I continued to hodl and still accumulating more.

It's really tough time, that pullback ate my portfolio 100%. I have lost a lot and i know many traders did.
I have many regrets but I just focused on what I have learned at that time.
And I still believe in Crypto and Bitcoin. Sooner or later we will see pull up.

[coingecko]

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?

Damn, I remember back then that I've already know Bitcoin and cryptocurrencies and even its possibility to grow that year. And after that, I was filled with guilt and regret that I've already known an opportunity yet I refused or rather I didn't gave my attention. Now I'm trying my best to somehow do everything I can to earn with Bitcoins, learn with it, and use it to make more money (such as investing trading holding and gambling).

The journey is always more rewarding

[Rainy_d]

This is a great argument that nothing lasts forever, and if you now think that cryptocurrency has no future, then you can be wrong.
I prefer to think that bitcoin will rise in price, and March 8 2021 - the price will be even higher

[The Sceptical Chymist]

It's definitely a good thing to keep bitcoin's price history in perspective--I thought 2020 would start off much better than it did, but if you compare where bitcoin is right now (around $8100) to where it was at the beginning of 2019, things don't look too bad. 

And as far as the coronavirus scare, it's affecting a lot of markets and it isn't surprising bitcoin is getting pounded.  Hopefully the fear and hoopla die down and the virus doesn't mutate into something really deadly.  And hey, it looks to me like bitcoin is on sale right now.  Too bad I don't have enough disposable income to start buying again. 

Some stocks are looking pretty cheap as well.  "Buy when others are fearful" is the old maxim of investing, and it'd be a smart move right about now.

[ScamViruS]

I remember that day. At that time my portfolio was down huge because of huge correction. But I didn't sell my bitcoin that time, then kept my Bitcoin hold and accumulated some more. I have seen many people selling their bitcoin during that correction. Which disappointed them later when Bitcoin goes 13k again.

[ecnalubma]

Lucky to those who bought and hold until this day they already gain a 100%+ with their investments. Investment really is all about patience and timing, every months or year Bitcoin really makes difference.

[Findingnemo]

Actually I missed those days to accumulate some bitcoins, chosen to invest in gold due to long bearish trend since 2018 but I have taken the wrong path, if I did invest on bitcoin now the profits will be huge compared to gold rate.

Hope corona impact will increase the price more of gold and cryptocurrencies because investors have no other choices left to invest.

[rexxarofmoknathal]

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.