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

[Saisher]

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?

And yet people think that the bubble was burst in $4900 level, people easily forget all they see is the higher level then when it slip with a small percentage they are worrying to much, so far we are OK with $5000 level we just need to control this Pandemic to get the market in a better condition, bad news around the world make a big impact in the market.

[Twinkledoe]

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.

I expect the price of Bitcoin to drop even further and probably return to $3,000 if the situation is not good. I have been observing this market for the past 1 year and everything is contrary to my thinking so it will be difficult to know exactly what the price of Bitcoin will be in the future.

What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.

This is really sad but we need to face the reality. If only this coronavirus didn't happen, we are already in the 10k level. But life is really unfair sometimes, we need to experience a lot of trouble before experience good things in life. And that will make us appreciate little things that we usually ignore.

[lienfaye]

Its just shows that bitcoin started with low price early of 2019 then reach $13k as peak price before it went down.

History might repeat itself, now the price is low and this is due to the current issue that we currently face, if this virus is over that might be the start of the market to recover.

Well we thought 2020 is good for crypto, it started this year with continuously price increase (I think its because of halving) but turn out in bad situation when the covid-19 hits the world and make the people panic.

[Dr.Osh]

Well, this proves that current prices are still better than last year. I honestly want to sell my assets into stable coins, but I think about this. however, it is quite difficult to make a decision now. the current price is indeed very low because of its movement from the price of $ 7k to $ 5k. however, if we think about it well, the current potential is still large enough to develop compared to this year. it's only a matter of time until the problem regarding this virus is resolved.

[pragna]

Wow!! exciting memories. i think as we saw BTC hit from $3k to $12k this year, sure that it will again go its ups place and no doubt here. Total economy now affected for the reason for COVID-19. So at present time we can not hope that BTC will stand its position 10k$. We have to be patience and wait for good days.

thanks.

[XCANA]

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 

Here's another chance to buy bitcoin for those who missed the last bottom some years back, although history has repeated itself and we should take this opportunity to make more buy order for the profit ahead. Possibly those who bought from this bottom last year have already taken their profits and ready for another step to strike.

For those who argue with the further downturn in the price of Bitcoin should remember that, the market will soonest regard its purpose and regret will be the last resort of the weak hands. Holders will always survive anytime in cryptocurrency, am proud to be called a Holder.

[Faxmate]

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.

I expect the price of Bitcoin to drop even further and probably return to $3,000 if the situation is not good. I have been observing this market for the past 1 year and everything is contrary to my thinking so it will be difficult to know exactly what the price of Bitcoin will be in the future.

What everyone needs to do now is to sit still and wait until the market is truly stable because our chances of making a profit are still high if altcoin season comes.

This all is just because people have low determinations about their investment my thinking is if people have low price in market its needs to keep waiting not to sell it. Crypto currency is so volatile we will see rise and fall it does not mean we should forget about all high amount we won in last few years and start criticizing bitcoin, better hold on Soon everything will be normal.

[dothebeats]

Looking back at the charts, historically March - May is usually the time wherein bitcoin performs poorly. Come June, everything seems to have a little vibe of redemption and hope since this is thw time wherein prices are really moving towards the positive direction. I might be claiming some nonesense in here but the charts and hostorical price data don't lie. Regardless of what world event there is, or how well the whole world's economy is doing, the first quarter of every year always bring disappointment to traders, and the second half of the year always brings excitement to the market as a whole.

I mean, just look at January - May 2016, then June 2016 to the wee months of 2017, as an example.

[coingecko]

What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago

[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.

Price is not big deal in trading as I know the trading of bitcoin is all about price so its volatile coin and in a timely manner the price will move up and down if the price is low then instead of selling we should keep hope and never sell your coin at a panic time. It's really good to know if the price is down today so after a few months it will be again high and you will not face any regret for holding your coin.

There are two kinds of traders, there are short term traders and long term traders, if you are into short term trading, maybe price does not matter a lot but its fluctuation because all you need to do is fight the right timing for you to get it and get out and make profit.

However, the other side which is the long term trader, which I admit I am one of them, we like to see a price increase and we hold as we hold longer, bitcoin will rise so we can reach on our target to sell at a good profit, yes, usually long term trader likes bigger profit.

[okala]

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?

Thank you for reminding us this and it is a sign that no matter how the volatility bitcoin is we would have correlation and pumping time to time. It is a market that only depends patience to make it. If you are not patient enough I will encourage you not to ever get close to bitcoin and other cryptocurrencies. I strongly agreed that this time nest year bitcoin will be far better than we're it is now.

[traderethereum]

What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago

That is what happens with bitcoin, and now, the price is back to get the red candle, and we hope that it will not go down for more. If that happens again, I don't know what will happen with the traders, but I hope that they don't panic and they can stay calm for a while. It is important to remain calm so we can see if we can get the opportunity to buy bitcoin at a low price because usually when people know the price is down deeper, they will only panic. They want to save their assets by selling fast so that they can buy back again at a low price.

[Slow death]

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

1 Bitcoin = $3,871

I thought of the following:

If a person bought bitcoin on March 8, 2019 and that person decided to hold for 2 years. That person saw 1 month ago the price reach $10500 and then saw the price drop to $5000. So far this person is at a profit, but my question is: if that person had sold when the price reached $10500 would not have been a good choice and the person would buy for the price of $5000? I know there may be questions about who guaranteed that if the person sold at $ 10500 the price would fall below $ 10,000? But, my point remains to what extent Hold can be very advantageous?

[Golftech]

What a volatile moment it has been for BTC, for a while it was thought to be back to where it was a year ago

That is what happens with bitcoin, and now, the price is back to get the red candle, and we hope that it will not go down for more. If that happens again, I don't know what will happen with the traders, but I hope that they don't panic and they can stay calm for a while. It is important to remain calm so we can see if we can get the opportunity to buy bitcoin at a low price because usually when people know the price is down deeper, they will only panic. They want to save their assets by selling fast so that they can buy back again at a low price.

If you are a holder and you are not really in the need of money for any emergency usage, best to keep your assets and yes staying calm is really the right attitude not to follow any dumped coming from those panic sellers who can't handle this particular situations.
Stay positive and look for the brighter side, remember few days back the value rise up a little.

[bearexin]

I am both happy that bitcoin went down because it gave us chance to get in earlier, this is the lowest we have been for like a year now and still it is difficult to get in because we do not have all that much money left after losing all to financial doom we are about to have. I have friends who are still going to work and that doesn't make sense, their boss' is an idiot and should be put to jail for putting peoples lives in danger, how the hell could you make people go to work at this situation.

However the thing is, if they go to work they might die, if they don't they will be bankrupted, bankruptcy is a better option easily but it is also quite scary to thing about and nobody knows what we will do.

[Stedsm]

I believe that the shittiest of what we could have seen, has already happened and there's that least possibility (but yeah, a possibility of course) that we will be seeing a new fresh low of around $2560 before we see those huge spikes where each candle will be writing a new history for BTC and its hodlers. BTC has already proven its supremacy over all asset classes by showing the gradual recovery that none of the International markets have shown.

[bitgolden]

We have to keep reminding ourselves how bitcoin could be both volatile but also profitable. That is what is missing from people's minds and has to be constantly reminded. We started this year at 7k, not at 10k, however for some reason people see the current year as 10k because we managed to break over 10k, so suddenly everyone is like "we dropped from 10k to 5k!!!" but the reality is we were literally 7k and we had a 6.3k or so just yesterday, even 6.8 few days ago, so we are not really that far away from only 3 months ago, just 3 months ago.

Keep calm and be patient and I swear to you wherever you bought bitcoin, even if you bought at 20k, we will get there, if you are lucky you make a profit in a minute, if you are unlucky it will take years and years maybe a decade, but you WILL get that profit.

[Denamen]

I am both happy that bitcoin went down because it gave us chance to get in earlier, this is the lowest we have been for like a year now and still it is difficult to get in because we do not have all that much money left after losing all to financial doom we are about to have. I have friends who are still going to work and that doesn't make sense, their boss' is an idiot and should be put to jail for putting peoples lives in danger, how the hell could you make people go to work at this situation.

However the thing is, if they go to work they might die, if they don't they will be bankrupted, bankruptcy is a better option easily but it is also quite scary to thing about and nobody knows what we will do.

I think Bitcoin is a very good opportunity for you to consider investing but you need to be careful because the price of this coin is still trending down and could collapse at any time. In the last few weeks, the price of bitcoin went down to $3800 and it was a price I never expected. Until now it still haunts me because I lost more than half of my assets during that time.

[stepwilli]

Volatility is good in times like these, we have seen a low but we have seen a high as well, others didn't see it too much, stock market is still down for example, that is not what we want from bitcoin. We can take the lows as long as the highs are there as well.

Unfortunately, we will continue to have this volatility because our liquidity is very low and will not be getting too much high any time soon neither, one big huge sale from a whale and we will go down, but it also helps us that the less money required to go up as well, with just one whale buying up we will go back up.

These kinds of stuff have been around bitcoin for a long time, it didn't started with this new thing, so we should be basically ready and used to these type of ups and downs already.

[Janation]

I think Bitcoin is a very good opportunity for you to consider investing but you need to be careful because the price of this coin is still trending down and could collapse at any time. In the last few weeks, the price of bitcoin went down to $3800 and it was a price I never expected. Until now it still haunts me because I lost more than half of my assets during that time.

Yes, the price falls and I think people should already consider that before they put their money into Bitcoin and cryptocurrencies.

Another thing is that the price of Bitcoin did not fall at $3800 since it just fell at $4100. That price is the price last year showing us that the recent movement is not bad at all, and we should consider this since the fact that a lot of people are still continuing to invest and put their trust into this cryptocurrency is amazing. The proof is already there, now we are $6.6K.