history loves repeating itself. the only question is when!

[serjent05]

I do not understand how people get that number neither, there are tons of people who talk about 20k, 100k, even a million dollars, now 70k, how does those numbers calculated? Like is there a mathematical data behind these numbers? Or is it more like "ı just made it all up" type of situation?

Mostly those who predict BTC price gets a time frame and calculate its percentage increase and apply it to the current price but of course, it has a huge flow since the market capitalization that needs to be realized which is far higher than before and needs much more funds to come in.  Others are just creating non-intelligent predictions for the buzz, even without sense just to have something to say in their blogs or article.

But setting aside any predictions, history do repeat itself just how some analyst believe in the 4-year cycle of BTC.

[kentrolla]

In my opinion there are possibilities to see a big change in the market price as US election is nearing I am pretty confident the price movement will definitely change on the result announcement day or then after, excitement, thrill and more we are few steps away from the happy days.

But it's always good to have low expectation because higher expectation will always lead to disappointment, have faith and let's wait for our turn.

[LogitechMouse]

We've seen this kind of movement of Bitcoin many times already.
Base on its movement this year. I think it happened around 2-3 times already but the longest was at around May-July of this year where its price is at the range of $9,000-$10,000

I know and many are expecting that this kind of trend will happen anytime this year probably and into the next years. I'm waiting for the new ATH of Bitcoin. For sure the whole crypto world will be happy when that happens.

[slaman29]

it is not possible to say what everyone means when they say a number. some are just spamming, some are repeating like a parrot, some have their own analysis.
for example the $20k is more of a mental barrier that people set for themselves and it is more virtual than be real. it has always been the same with all previous ATH prices.
some other numbers such as $100k and $1 mil are mostly round numbers and with some extrapolation of data from the past 10 years accompanied by some technical analysis we can get there while rounding the price to the nearest round number such as $100k.
$70k i'd assume is the same with a little bit of pessimism included.

The other problem with all these repeating parrots also is this funny phenomenon in crypto that we are seeing: they are self-fulfilling their prophecies. A lot of people actually think one thing and say another. Many people will say 100k and 70k and whatever but you're right, they're mainly thinking privately about the mental barrier of 20k so how they sell and stop holding is still stuck below that. So naturally, no one is doing anything to achieve the 100k or whatever and market simply fulfills that prophecy.

[pilosopotasyo]

We have seen this time and time again and will see it a million more times.
Price is stopped below a certain line and doesn't go above it for long times with multiple attempts to break that line.
That is the nature of always rising bitcoin to always keep going up until it reaches mass adoption.

Now we are back again at another level repeating the same thing. This time at $11000

The real question is when will it break free?
The market seems ready. The whales have accumulated enough and weak hands are getting FOMO_y to start buying again.
I say thinks are looking good...

One of the hardest question to answer, we are left wondering when it will pass the line, we have asked this when Bitcoin is struggling to pass the $9000 mark, the $10000 mark. the $11000 and now the $12000 mark, but fortunately for us it always manages to pass the line but without us knowing the right time, we just need to follow the market because there's always breakthrough.

[slapper]

It's always about "when". It's hard to make an accurate answer. But according to the situation, accumulating bitcoin is what people do currently. Whales, investors, traders, bitcoiners, etc are trying as many efforts as they can to buy more and more bitcoin. My country's local exchange has recorded an outstanding bitcoin volume this month. There are full of bitcoin and cryptocurrencies lovers here no matter how notorious bitcoin is due to the reason that people use bitcoin to steal others's money. Surely we will soon have some profit with this investment

[Kong Hey Pakboy]

We have seen this time and time again and will see it a million more times.
Price is stopped below a certain line and doesn't go above it for long times with multiple attempts to break that line.
That is the nature of always rising bitcoin to always keep going up until it reaches mass adoption.

Now we are back again at another level repeating the same thing. This time at $11000

The real question is when will it break free?
The market seems ready. The whales have accumulated enough and weak hands are getting FOMO_y to start buying again.
I say thinks are looking good...

One of the hardest question to answer, we are left wondering when it will pass the line, we have asked this when Bitcoin is struggling to pass the $9000 mark, the $10000 mark. the $11000 and now the $12000 mark, but fortunately for us it always manages to pass the line but without us knowing the right time, we just need to follow the market because there's always breakthrough.

We always wonder when bitcoin will increase or gain back its price because some people are already losing their patience for holding their bitcoin until bitcoin's price reaches up to $20,000 again. It's better if we take every chance and opportunity when bitcoin suddenly decreases its value for us to have a significant profit when bitcoin reaches its ATH again.

[eddie13]

I believe bitcoin will be over $100k within then next 2 years and that eventually bitcoin will be $1mm, $10mm, and ultimately in the big picture 1 bitcoin will be worth more than all of the $$ in existence..
Eventually, 1 bitcoin will be worth more than all the cny, gbp, euro, usd, and pesos etc. combined.. All of them..

Why?
Because every fiat currency eventually fails but I believe bitcoin will last absolutely forever until the dawn of time..

Within the next 500 years, I would not be surprised if the dating system is changed from the current system based on the birth of Christ, to the birth of bitcoin 

[SquallLeonhart]

it is not possible to say what everyone means when they say a number. some are just spamming, some are repeating like a parrot, some have their own analysis.
for example the $20k is more of a mental barrier that people set for themselves and it is more virtual than be real. it has always been the same with all previous ATH prices.
some other numbers such as $100k and $1 mil are mostly round numbers and with some extrapolation of data from the past 10 years accompanied by some technical analysis we can get there while rounding the price to the nearest round number such as $100k.
$70k i'd assume is the same with a little bit of pessimism included.

The other problem with all these repeating parrots also is this funny phenomenon in crypto that we are seeing: they are self-fulfilling their prophecies. A lot of people actually think one thing and say another. Many people will say 100k and 70k and whatever but you're right, they're mainly thinking privately about the mental barrier of 20k so how they sell and stop holding is still stuck below that. So naturally, no one is doing anything to achieve the 100k or whatever and market simply fulfills that prophecy.

They are not really that much of a trouble in the bitcoin community if you ask me, the reality is that people do spam a ton of numbers and they make predictions but nobody really cares about them, or not enough of them cares at least because price doesn't change.

You can start 10 topics on bitcoin talk with 10 different legendary accounts all on the same day saying that bitcoin is going to $20k, we are talking about the most important high level people of bitcointalk all saying the same thing on the same day, and it still wouldn't increase the price. Bitcoin is a multi-billion dollar market and people on bitcointalk only makes up like 1% of all the money, not that many rich people are here reading what we think, so the reality is everyone can spam whatever they want, it won't change a thing.

[Spaffin]

I believe bitcoin will be over $100k within then next 2 years and that eventually bitcoin will be $1mm, $10mm, and ultimately in the big picture 1 bitcoin will be worth more than all of the $$ in existence..
Eventually, 1 bitcoin will be worth more than all the cny, gbp, euro, usd, and pesos etc. combined.. All of them..

Why?
Because every fiat currency eventually fails but I believe bitcoin will last absolutely forever until the dawn of time..

Within the next 500 years, I would not be surprised if the dating system is changed from the current system based on the birth of Christ, to the birth of bitcoin 

Undoubtedly, any fiat currency is not even worth the paper it is printed on. I believe most in bitcoin, Gold and Silver. Bitcoin will indeed reach a very high price, but it is very difficult to predict it, but it is many times better than all currencies that are subject to inflation. But about the future 500 years later, I can say that you are a very optimistic person, since scientists doubt that humanity can successfully survive until the next century, given the scale of the impact of global warming on the planet.

[Lanatsa]

I'm calm for the future of Bitcoin... But other coins raise doubts! What's the point in keeping a constantly cheaper asset? And that's while new, modified coins and tokens appear every day! You have to learn how to make a profit from alts and not to become a bagholder!

You don't have to hold other coins if you doubt it will increase or it will stay at the bottom price. Holding bitcoin won't make you disappointed because when bitcoin price increases, you will see the price will jump to the highest price. We can not imagine how high the price, but we will see it for ourselves. The altcoin can help us get more bitcoin from trading, and now we have so many potential altcoins that can give us that way. We can search for the right coin to trade, so we can expect to profit in the next increases.

Its not really that much that's why others do consider out alts rather than going full or all in with bitcoin. Come to think that bitcoin cant just shoot up 2x or 3x even on a bull run unlike on altcoin
where it can easily shoot up 2x or more when bull run.

Sounds right? Yeah it does that's why people do still opt in for altcoins even majority is been telling that bitcoin is worth of the wait but to think that altcoin can give out similar chances or even more
but only applicable into those top alts and the rest are just trash.

History might repeat itself neither would create another one or something new.No one knows because we are just human that cant predict on what would be the future looks like.

[STT]

Undoubtedly, any fiat currency is not even worth the paper it is printed on.

Lies exist but not everything is a lie, we dont have to presume that universally.   A promissory note or zero coupon bond such as cash is now doesn't have to fail in value, we just presume that as its been the case for so long and by the largest economies of the world.   Japan and USA are quite determined not to maintain any proper fixed value in currency and similarly many major currencies but also its possible some economies will gain from the value and confidence lost elsewhere.  The easiest way to identify good paper is by finding countries with good trade balance, fiscal control of a budgeted regular economy and low debt levels serviceable easily;  also note the countries with uncontrollable and unserviceable debts and the paper currency is likely to diminish greatly.

I'm seeing or speculating that we will see a trace back on this last negative trend break upwards.   So we rose upto 11500 and its hesitated there on classic resistance, losing momentum leads us into stall speed and now seems like we will pull back to 11k areas or similar and we'll have to observe if old negative trend is being rechecked for how solid it is.   Basically I'm calling for something of a short term pullback and we'll see how that test goes, I guess this is like Monday Tuesday timeline presuming I'm anything close to accurate and weekends are always a bit foggy lacking price clarity; of course volume weekend events can occur in theory and so price moves.

[mersal]

I'm calm for the future of Bitcoin... But other coins raise doubts! What's the point in keeping a constantly cheaper asset? And that's while new, modified coins and tokens appear every day! You have to learn how to make a profit from alts and not to become a bagholder!

You don't have to hold other coins if you doubt it will increase or it will stay at the bottom price. Holding bitcoin won't make you disappointed because when bitcoin price increases, you will see the price will jump to the highest price. We can not imagine how high the price, but we will see it for ourselves. The altcoin can help us get more bitcoin from trading, and now we have so many potential altcoins that can give us that way. We can search for the right coin to trade, so we can expect to profit in the next increases.

Its not really that much that's why others do consider out alts rather than going full or all in with bitcoin. Come to think that bitcoin cant just shoot up 2x or 3x even on a bull run unlike on altcoin
where it can easily shoot up 2x or more when bull run.

Sounds right? Yeah it does that's why people do still opt in for altcoins even majority is been telling that bitcoin is worth of the wait but to think that altcoin can give out similar chances or even more
but only applicable into those top alts and the rest are just trash.

History might repeat itself neither would create another one or something new.No one knows because we are just human that cant predict on what would be the future looks like.

Diversification is good for a long term investor because they some coins might give profits in short time and other in long term so if there is sudden dump in the market then these profits will be useful to nullify the huge losses made.We are waiting for the bull run ,which may happen sooner or later but going to happen so holding until it reaches is the strategy and no need to have certain time frame when HODL is in practice.

[cryptoknightt]

well that's what we mean, no one knows for sure when it will happen.
people can only predict based on what has happened.
but the reality is sometimes different and will not always be the same, although in general it will imitate previous history

[btc78]

We have seen this time and time again and will see it a million more times.
Price is stopped below a certain line and doesn't go above it for long times with multiple attempts to break that line.
That is the nature of always rising bitcoin to always keep going up until it reaches mass adoption.

Here is the most significant case we had in recent history


Now we are back again at another level repeating the same thing. This time at $11000

The real question is when will it break free?
The market seems ready. The whales have accumulated enough and weak hands are getting FOMO_y to start buying again.
I say thinks are looking good...

Looking positive on this one mate though i really don't believe in repeating the history yet this is a clear point and graphs that we are in the same boat like what we had in the past.
thanks for sharing and it boost my belief that i need to wait more before selling out.

well that's what we mean, no one knows for sure when it will happen.
people can only predict based on what has happened.
but the reality is sometimes different and will not always be the same, although in general it will imitate previous history

actually this is worth a wait since there are the graphs given that we are on the near bullrun again,and the 2017 pump is almost happening now.

[3meek]

well that's what we mean, no one knows for sure when it will happen.
people can only predict based on what has happened.
but the reality is sometimes different and will not always be the same, although in general it will imitate previous history

That's why many of us are expecting a new rise in the price of cryptocurrencies! To then compare with the past... I am convinced that history repeats itself and will surely repeat itself once again! The main thing is to use all the past experience next time!

[sarmrakib]

We have seen this time and time again and will see it a million more times.
Price is stopped below a certain line and doesn't go above it for long times with multiple attempts to break that line.
That is the nature of always rising bitcoin to always keep going up until it reaches mass adoption.

Now we are back again at another level repeating the same thing. This time at $11000

The real question is when will it break free?
The market seems ready. The whales have accumulated enough and weak hands are getting FOMO_y to start buying again.
I say thinks are looking good...

One of the hardest question to answer, we are left wondering when it will pass the line, we have asked this when Bitcoin is struggling to pass the $9000 mark, the $10000 mark. the $11000 and now the $12000 mark, but fortunately for us it always manages to pass the line but without us knowing the right time, we just need to follow the market because there's always breakthrough.

You mention the line breaking by btc really true we are passing the all level but it is always a question behind when the upcoming price will be broken .It is so pleasant to see the  cross of border however we are so near to break the 12K$ mark .Hopefully it will happen soon .

[2double0]

History awaits the right time and the right time is when, after shaking the markets too much by taking them down to earth and removing all the weak hands out of the game by making them think that this is the end of btc and it is going to die, the whales who packed their bags with weak hands' btc during all this time, move out their guns and start bombarding with big green candles on the charts and they make profits there too as fomo never stops.

[Saisher]

Now we are back again at another level repeating the same thing. This time at $11000

The real question is when will it break free?
The market seems ready. The whales have accumulated enough and weak hands are getting FOMO_y to start buying again.
I say thinks are looking good...

The one thing that I am waiting to repeat is another all time high, the last all  time high happens three years ago we have seen so many things in the market, and another all time high should be due now, we have seen so many break outs but it's not enough to gain a lot of momentum we need a big pump so people will will be encourage to buy more and push the price.

[Assface16678]

Bitcoin's price history is going to come back. That is something definitely happening. But I don't think this is it. It might happen within the year or in the first quarter of next year, we don't know. But this specific sudden rise of the price may not exactly be the cue. I guess this is largely due to the sudden inflow of large investment funds especially Twitter's Jack. We'll see in the coming days if this particular pump holds.

Having no assurance of when will such thing happen means there's also no certainty.

well that's what we mean, no one knows for sure when it will happen.
people can only predict based on what has happened.
but the reality is sometimes different and will not always be the same, although in general it will imitate previous history

That's why many of us are expecting a new rise in the price of cryptocurrencies! To then compare with the past... I am convinced that history repeats itself and will surely repeat itself once again! The main thing is to use all the past experience next time!

What if there's just this linkage of similarity. The market price of Bitcoin and other cryptos are naturally volatile, meaning, it won't stay at a certain point for a long period of time. Its price movement can either go up or down without certainty of the occurence. So it is quite blurry to draw a conclusion of history repitition just because its market value is moving according to its 'nature'. We just like to make speculations to uplift our hopes regarding its market value.  The market price will move on its "own".