History repeats itself?

[traderethereum]

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.

We are not sure what will happen with bitcoin because we know that the bitcoin price is still volatile, and the price can get down or even go up to the high price.
I don't think that we already reach the bottom price, but if you mean that $3k is the lowest price, that is right because we already reach that price.
But for now, it seems the trend for bitcoin to go bullish is wide open as the price now can increase, and we almost touch $12,500 as the next high price.
We need to be patient (again) because the price needs time before reaching another ATH temporarily.
Many of us said that bitcoin can hit more than $20k and even $50k in the next bull run, but remember, that is only speculation for the price, and we still don't know for real.
But this price is a good price to take profit while the price still at $12k if you want to sell some bitcoin.

[stoat]

quick print some more tether

[davinchi]

You shouldn't worry if you want to sell in the long term but that is not because history repeats itself but because people have an increasing demand for bitcoin and the supply we have is dropping increasingly. The main reason why supply is dropping is the fact that miners are not mining millions of dollars worth of bitcoin anymore, which is millions of dollars sold on the market every single day, in a year that is a billion dollars just sold, not anymore.

Secondly the early birds, people who bought under 1k is getting lesser and lesser, the more people from that period that sells, the less there is available, it won't happen again so there is only people who bought recently left, and they won't sell here neither. So long story short there is less supply available but more demand every day.

[South Park]

snip

I saw this amazing chart in twitter and it is really simple showing an almost pattern since year 2012 - 2013.
I don't think so if it is really perfect one, but if you will compare from 2012 - 2013 and 2016 - 2017, they really got similarity and on the one where we are sitting right now. Since now we are now on ranging of $10, 000 price of Bitcoin, which it is also forming something similar pattern on previous years.


What's on your thoughts here? I really see some similar chart like this, comparing the previous years price actions to the present.

It really depends on when that chart was made, for example if the chart was made many years ago and the it predicted almost most major movements then you may have a point that we could be on the verge of something big, however if that chart was made after all of those movements happened then it is incredibly easy for anyone that knows anything about trading to create a bunch of charts that fits the data perfectly, this would seem to make that chart to become predictive in nature but it is not, as it is unlikely the future events will adjust to the chart at all.

[pooya87]

quick print some more tether

altcoins are dumping for now so there is no reason to print more Tether for the time being.
give it a couple of months for the shitcoin pumping season to begin then we will see the Tether printing start.

[KTChampions]

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.

If I understand correctly, the victory of one of the candidates will lead to an increase of the bitcoin price (because analysts expect a general improvement in the economic situation in the United States for this reason) and the victory of another candidate will lead to its fall, right?
Why getting the vaccine and defeating the virus will lead to a drop of bitcoin price? I think the opposite will happen.

[daarul50]

Is that even legal for creating a chart like that lol
seems odd to me personally.
Can we relate the invention situation 11 years ago to today situation? Especially during pandemic?
Even a perfect formed chart can still go into wrong direction right?
Everybody seems loved to referring current situation to where bitcoin going to the moon , i am a little bit concern regarding this.
When our confidence has reached the top but the reality dumped it all , dont forget in the recent days there is a lot of big company hold large amount of bitcoin that can always splashed to market.

[Yamifoud]

Is that even legal for creating a chart like that lol
seems odd to me personally.
Can we relate the invention situation 11 years ago to today situation? Especially during pandemic?
Even a perfect formed chart can still go into wrong direction right?
Everybody seems loved to referring current situation to where bitcoin going to the moon , i am a little bit concern regarding this.
When our confidence has reached the top but the reality dumped it all , dont forget in the recent days there is a lot of big company hold large amount of bitcoin that can always splashed to market.

Have nothing to make deal with those presentations. Every day it changes, the trend changes as well. Because even me, I don't think also that the market flows today will likely behave the same thing it does before, that seems impossible since then.

If the market reaching for another ATH, it was a lucky day for crypto and for everyone. To be honest, it is hard to expect it especially in the current situation that we have facing today. The struggles, the pandemic haven't yet got over but I was then truly amazed how the market behaves differently, opposite to what we are expecting most. But that is not the reason that I should believe history repeats itself.

[YOSHIE]

What's on your thoughts here?

I thought that history would repeat itself in 2020, but I was wrong, however, there are still about 2 months left in November & December.

From the graph, what the OP shows, history can be repeated in four more years, moreover half of it was completed last May, it can still be seen about a year after the halfing happened, hopefully so.

A graphical watch shows that between 2021 or 2023, anything could happen again to Bitcoin.

[Botnake]

What's on your thoughts here?

I thought that history would repeat itself in 2020, but I was wrong, however, there are still about 2 months left in November & December.

From the graph, what the OP shows, history can be repeated in four more years, moreover half of it was completed last May, it can still be seen about a year after the halfing happened, hopefully so.

A graphical watch shows that between 2021 or 2023, anything could happen again to Bitcoin.

History could repeat itself for bitcoin but not for altcoins, $20k is too far to achieve at the current price but this would result to the dump of altcoins which we didn't see in 2007 as what we saw is a hype for the entire market. If bitcoin will stay at $20,000, I think this would make investors to be interested in investing as they have already proven bitcoin is not a bubble.

[Assface16678]

What's on your thoughts here?

I thought that history would repeat itself in 2020, but I was wrong, however, there are still about 2 months left in November & December.

From the graph, what the OP shows, history can be repeated in four more years, moreover half of it was completed last May, it can still be seen about a year after the halfing happened, hopefully so.

A graphical watch shows that between 2021 or 2023, anything could happen again to Bitcoin.

History could repeat itself for bitcoin but not for altcoins, $20k is too far to achieve at the current price but this would result to the dump of altcoins which we didn't see in 2007 as what we saw is a hype for the entire market. If bitcoin will stay at $20,000, I think this would make investors to be interested in investing as they have already proven bitcoin is not a bubble.

At this moment, Bitcoin's market value, being able to reach $14k usd, it is not surprising to know that many people are  expecting for a new ATH. But we cannot blame them from doing so. Bitcoin managed to reach its ATH before and what is happening gives them idea of possibility. But since things are not certain in this industry, there are still people doubting of such thing. Based from what happened, upon breaking the market value, its price suddenly fell. Not to be a pessimist but certainty of breaking the ATH is not yet certain. Therefore, history is also not yet certain.