History repeats itself?

[pooya87]

In the last years we commonly read about this "History Repeating it self" but after a while the movement go against what they expected.

you are thinking short term which is very hard to predict in any market and near impossible in a volatile market such as bitcoin.
but the long term is easier to predict and i think those who are talking about "history repeating itself" mostly have that long term repetition in mind which makes more sense. for example if you look at the charts they have been very similar to the previous so called "cycle" with the bubble pop, a long downtrend, a long accumulation phase with sudden unexpected drops, the break-out and the small and slow bull market. this is the past 3 years and is similar to 2013 to 2016 hence the repetition. when we continue to the next shoot up and the next unexpected ATH this cycle will also be completed.

[bitgolden]

Unfortunately people are forgetting that while you think history is repeating itself, there are a million other ways it is not repeating itself as well. If one thing is looking like it is similar to something way back but there are other million things not, that is not repeating that is just coincidence and nothing more.

I believe bitcoin is not something that does something over and over again, it is a brand new coin compared to all other money forms and that is why we should be focusing on something much better and bigger to happen instead of looking at the history. I know 2017 happened and that is where you are stuck but 2018 happened too so instead of looking back and picking the best moments, focus on the future and how awesome it could get if we work together.

[KTChampions]

In the last years we commonly read about this "History Repeating it self" but after a while the movement go against what they expected.

you are thinking short term which is very hard to predict in any market and near impossible in a volatile market such as bitcoin.
but the long term is easier to predict and i think those who are talking about "history repeating itself" mostly have that long term repetition in mind which makes more sense. for example if you look at the charts they have been very similar to the previous so called "cycle" with the bubble pop, a long downtrend, a long accumulation phase with sudden unexpected drops, the break-out and the small and slow bull market. this is the past 3 years and is similar to 2013 to 2016 hence the repetition. when we continue to the next shoot up and the next unexpected ATH this cycle will also be completed.

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

[Renampun]

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

[Untomabur]

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

we will know when the corona virus ends and the vaccine is in circulation,
the development of cryptocurrency prices in the pandemic has been amazingly good, Bitcoin increases more than 100% after the drop to $ 4000,
and everyone thinks this will repeat history, but I see after the pandemic, whether Bitcoin will still be popular or not, we will know the answer

[huu78]

hmmm interesting so you think everything will repeat itself, but if it's like that we shouldn't have to worry if we want to sell in the long run.
the problem is when the market fluctuates that's what causes people to sell too much or buy too much which causes big increases / decreases.
although in the end everything will follow a pattern

[KTChampions]

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

I do not believe in technical analysis in general, and in crypto it is even more inapplicable 
In addition, I am more interested in other indicators of bitcoin development (acceptance by people, technical improvement, etc.) than price. But if we talk about the future of ATH, then it should be higher, at the moment the capitalization of bitcoin in comparison with other "global" assets is very low.
The only question is whether bitcoin will be able to develop in the required way to achieve this.

[ultrloa]

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

we will know when the corona virus ends and the vaccine is in circulation,
the development of cryptocurrency prices in the pandemic has been amazingly good, Bitcoin increases more than 100% after the drop to $ 4000,
and everyone thinks this will repeat history, but I see after the pandemic, whether Bitcoin will still be popular or not, we will know the answer

Do you really think bitcoin has been known due to pandemic? I think not men since for what I really though is this current health crisis affect bitcoins to grow, many people lose their job so most provably they cannot buy and stake with this current halving which by this event this could trigger a bull run. So maybe once the pandemic ends we can see some great price changes once people get back unto their feet.

[Oceat]

hmmm interesting so you think everything will repeat itself, but if it's like that we shouldn't have to worry if we want to sell in the long run.
the problem is when the market fluctuates that's what causes people to sell too much or buy too much which causes big increases / decreases.
although in the end everything will follow a pattern

It's all in the chart that proves the history will always gonna repeat itself no matter what is the price. After all, this is just an open market that can easily be exploited with the whales and we are just a small fish in the market. And since the Bitcoin halving just happened this year, expect it already that the bull market will come either this year or next year that's why people are starting to grab as much Bitcoin as they can. I bet those who losses a lot in the last bull run will try to take back what they lost.

[Kopetunto]

history will indeed repeat itself, but remember that it all depends on the situation and the chart of Bitcoin itself,
we have been long bearish, and are now in a bullish zone, of course we all hope Bitcoin can reach $ 20000 and break through resistance,
and it is a sign the bulls are starting and history is repeating itself  

[Saisher]

as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

All I know is if we break the last time all high then we can only get the real picture of another all time high, once the price of Bitcoin steps in at $20000 people can record officially the all time high how long will it stay there and what will be the correction price.

[bitgolden]

history will indeed repeat itself, but remember that it all depends on the situation and the chart of Bitcoin itself,
we have been long bearish, and are now in a bullish zone, of course we all hope Bitcoin can reach $ 20000 and break through resistance,
and it is a sign the bulls are starting and history is repeating itself  

I highly hate the $20k mark, that has been reached once and ever since that day for the past 3 years everyone has been talking about how we are going to "go back to $20k" and that was it, nobody talks about $15k, wouldn't $15k be a HUGE increase?

It is almost 50%, what happens if we reach $15k before 2021 comes? That means from September to December in only 3 months or so, we would be able to reach 50% profit, there is nothing in the whole world that could give you 50% profit in just 3 months from the traditional markets unless you get so lucky that its one in a million chance, here it is not like that.

So, instead of focusing on the psychological $20k mark that we are having hard time going, let's focus on $15k, because ever since we went down from $20k, we also haven't reached $15k neither and that should be our first goal.

[pooya87]

history will indeed repeat itself, but remember that it all depends on the situation and the chart of Bitcoin itself,
we have been long bearish, and are now in a bullish zone, of course we all hope Bitcoin can reach $ 20000 and break through resistance,
and it is a sign the bulls are starting and history is repeating itself 

I highly hate the $20k mark, that has been reached once and ever since that day for the past 3 years everyone has been talking about how we are going to "go back to $20k" and that was it, nobody talks about $15k, wouldn't $15k be a HUGE increase?

It is almost 50%, what happens if we reach $15k before 2021 comes? That means from September to December in only 3 months or so, we would be able to reach 50% profit, there is nothing in the whole world that could give you 50% profit in just 3 months from the traditional markets unless you get so lucky that its one in a million chance, here it is not like that.

So, instead of focusing on the psychological $20k mark that we are having hard time going, let's focus on $15k, because ever since we went down from $20k, we also haven't reached $15k neither and that should be our first goal.

well this has been the entire bitcoin history!
price sets a new record (ATH) in a bubble, then that bubble bursts while everyone sets that price as a psychological barrier for themselves and keep talking about it for a long time until it breaks and we set a new ATH again.
as for the 50% profit, that's nothing in bitcoin world! we had 50% profits almost every couple of months during 2016 and 2017 and partially in 2015. the same has been happening for the past 2 years too.

all of this could be referred to as history repeating itself but mostly it is about the situation not having changed. the adoption is growing like before if not faster while the rate of bitcoin creation (new supply) has decreased dramatically. it stands to reason to expect same big rises (if not bigger) to be repeated.

[ultrloa]

hmmm interesting so you think everything will repeat itself, but if it's like that we shouldn't have to worry if we want to sell in the long run.
the problem is when the market fluctuates that's what causes people to sell too much or buy too much which causes big increases / decreases.
although in the end everything will follow a pattern

It's all in the chart that proves the history will always gonna repeat itself no matter what is the price. After all, this is just an open market that can easily be exploited with the whales and we are just a small fish in the market. And since the Bitcoin halving just happened this year, expect it already that the bull market will come either this year or next year that's why people are starting to grab as much Bitcoin as they can. I bet those who losses a lot in the last bull run will try to take back what they lost.

To many questionable things happen since we don't know yet if we will have a glimpsed of bull run since there are so many happenings right now but since many people are optimistic to see that coming maybe we may have a chance to see that.

Also for sure many investor are preparing now since and they learn so much lesson for the past halving where many losses from sudden huge price drop.

[rodskee]

To many questionable things happen since we don't know yet if we will have a glimpsed of bull run since there are so many happenings right now but since many people are optimistic to see that coming maybe we may have a chance to see that.

But lets not lose hope mate because that is the only thing we have now,specially that crisis everywhere is happening hope is the best weapon we can all have.

Also for sure many investor are preparing now since and they learn so much lesson for the past halving where many losses from sudden huge price drop.

Nope investors are waiting for right chance again,specially whales they are looking for the right timing to put investment again and then the bull will happen,but only in a period of time like what happens in 2017.
so be aware and be ready to profit or to lose.

[crzy]

history will indeed repeat itself, but remember that it all depends on the situation and the chart of Bitcoin itself,
we have been long bearish, and are now in a bullish zone, of course we all hope Bitcoin can reach $ 20000 and break through resistance,
and it is a sign the bulls are starting and history is repeating itself 

Most likely yes because we have the basis and that’s the history trend of the market and upon seeing the chart, we are indeed growing up over time and the bull will repeat itself, its a matter of time. Bitcoin had gone so far, we experience a lot in this market, we saw big pump and dump and in history, people will gain more profit and that will happen again.

[aioc]

Most likely yes because we have the basis and that’s the history trend of the market and upon seeing the chart, we are indeed growing up over time and the bull will repeat itself, its a matter of time. Bitcoin had gone so far, we experience a lot in this market, we saw big pump and dump and in history, people will gain more profit and that will happen again.

I believe this bull run is going to repeat all the elements are all here, Bitcoin just had it's last halving and the price is getting better and the pandemic has no effect in the Cryptocurrency market, it's only a matter of time, the investors have mature so many projects with good potential are in the market and the market is very robust, all the elements are all here.

[Reatim]

On the one hand, you are right, but on the other hand, due to the coronavirus, the situation is such that long-term analyzes do not make sense - there is a lot of uncertainty ahead. Therefore, it is quite logical that people are trying to understand what will happen at least in the short term. But I agree that the next ATH will be unexpected as always.

I see a lot of worries has been created during this outbreak...
as you said that the chances of the next ATH are unpredictable, I agree but we can give a little guess about the next ATH. Looking at the @OP chart, the next ATH prediction will be in the range of $ 30k - $ 50k. Bitcoin has a great future IMO.

We cannot really expect another Hype sooner because of the pandemic,but of course there are something we have to look for possitivity Like the Incoming US election in which will surely make the Crypto market move.
and the another one is the Vaccine for the Corona virus that mostly says will make the Bitcoin price crash.
But above all this is "We as Investors and Users" will make it happen so all in all it is Our action that will dictate the prices.

[Marina5]

Bitcoin will not always follow the same rules.  Although your analysis is good here.  Bitcoin can't wait to tell you exactly when the price goes up or down.

[Johnyz]

Most likely yes because we have the basis and that’s the history trend of the market and upon seeing the chart, we are indeed growing up over time and the bull will repeat itself, its a matter of time. Bitcoin had gone so far, we experience a lot in this market, we saw big pump and dump and in history, people will gain more profit and that will happen again.

I believe this bull run is going to repeat all the elements are all here, Bitcoin just had it's last halving and the price is getting better and the pandemic has no effect in the Cryptocurrency market, it's only a matter of time, the investors have mature so many projects with good potential are in the market and the market is very robust, all the elements are all here.

There's no other way for bitcoin but to go up because we already reach the bottom price and the normal market scenario is that, what goes down, will go up after some time we have to wait for that patiently especially on the most challenging year of our generation. History tells us where the market is heading in the future and yes it will repeat the great bull run but this time, we will be on a different level and maybe we can hit the price of BTC beyond $30k.