The last time we saw 16K on Bitcoin price

[Leviathan.007]

Since the last time on 2018 when was 16K many shit/alt coins we changed in price some of them are fallen down and some others are still rising. As you may know, Bitcoin could recover a huge part of price fall after 2017, but many other big shitcoins still couldn't recover. That's reason why we love it.

Chainink

2018
1.04$
2020
12.89$

Ripple

2018
1.87$
2020
0.25$

Litecoin

2018
239$
2020
65$

Ethereum

2018
1337$
2020
463$

[Sebas.tian]

Sincerely those altcoins are shitholes from their existence, that which ban-fools me is the Ripple coin. Sometimes 2018 i bought some quantities for my holding before the price dropped and am yet to regain my lost glory with ripple. The regret i had was not buy Chainlink coin becasue the coin wasn't made my choice, i followed the market blindly. Bitcoin is the sure investment for everyone mostly those with the aim of long-term.   

[The Cryptovator]

That's why we shouldn't ever compare Bitcoin with any other shitcoin. Even Bitcoin drops for quite some time, but it has been recovering soo faster. I have lost many form shitcoin, even still holding some of them. But not recovering from years. I don't when we will see a bull run for shitcoins, but we are on a bull in bitcoin. Shitcoin is just a pain, nothing else.

[Oshosondy]

I do know anything about altcoins, all I know was that bitcoin was at $3800 at one point in 2018 around March, and now bitcoin is at $16000, that is not all but bitcoin will also be $20000 soon. I also like the fact that bitcoin is now getting world recognition which makes it stronger, with time bitcoin will reach all time high. We need to be very careful of altcoins because they can fall abruptly. Although I see some altcoins that gained truly, but we should be careful of the way they fluctuate abruptly, bitcoin has been the best coin to hold.

[Casdinyard]

That's why we shouldn't ever compare Bitcoin with any other shitcoin. Even Bitcoin drops for quite some time, but it has been recovering soo faster. I have lost many form shitcoin, even still holding some of them. But not recovering from years. I don't when we will see a bull run for shitcoins, but we are on a bull in bitcoin. Shitcoin is just a pain, nothing else.

There are even cases wherein fees are higher than the assumed profit from selling those coins. In my case, I choose to just keep them as a souvenir from the project's I've worked with. At first ofcourse no one knows whether a coin will be useless in the future or not so it is quite a matter of speculations.

The difference in terms of price recovery might have something to do with the number of users, transactions, demands and the volume itself, which is far from what most of the altcoins are having leaving them best for short term holding. Most of the altcoins projects are only lasting for months since further developments are not working. There are only few which are having recoveries as years passes by. There is a slight to no chance at all for those altcoins who were left behind because most of those projects are now considered to be "dead".

[jossiel]

That comparison of why many portfolios are bleeding. They focus on altcoins but don't give importance to what bitcoin can do with their portfolios in times like this. Good prices way back then but looking at it today, it's almost unlikely.

Chainlink was the one that had a good performance for this year. But if we're looking to the start of this year, there were a lot of altcoins that are also doing good just like Ethereum.

[verita1]

This analysis reminds me that Bitcoin is the father who is skilled in business and altcoins are his children. There are some children who are rebellious, others are extroverted and introverted. This is how the market is composed of cryptocurrencies of various nuances. But Bitcoin with its track record has proven that it is a reliable asset in the crypto space. Another thing that occurs to me to think that the crypto market is very speculative and manipulative.

[Gozie51]

Bitcoin is the sure investment for everyone mostly those with the aim of long-term.   

Before this time, bitcoin got to $16k in 2017. In that year, it proved to be the best cryptocurrency of all time. And recently, it had a touch at that level, we are likely to keep seeing such and altcoins will begin bull soon. Etheruem as the altcoin leading all others is going to start a growth back to the ATH.

[Mpamaegbu]

Going by the OP's data it means only Chainlink did very well within the time bracket (2018 - 2020) from $1.04 in 2018 to $12.89 in 2020. However, I know altcoins will always rise once there's a Bitcoin bull run. I look forward to such a time around this bull run (that has taken Bitcoin to $16,000) which will resurrect penny tokens/coins below one cent and then take them to three to five dollar or above. It happened in the past and I know such happenstance will reoccur soon.

[n0ne]

We've been experiencing something similar to the year 2018, but the growth of altcoins by then happened as a result of hype. Now the market is quite mature with people getting into cryptocurrency with better understanding. Maybe after the price crossing $20k we can expect the market to grow same as the previous year. In comparison to altcoins the growth with bitcoin is big, and this is why bitcoin always leads the entire cryptomarket.

[snarlpill]

Some good comparisons there OP. Compared to some of the other altcoins, Dogecoin actually hasn't done too bad in the past 2 year period.
Dogecoin November 1, 2018 High- $0.004 USD
Dogecoin November 1, 2020 High- $0.0029 USD
Source: https://finance.yahoo.com/quote/DOGE-USD/history?period1=1447459200&period2=1605312000&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true

Personally I feel that anything other than a very short term investment with altcoins is highly risky. Most altcoins are very influenced and affected by Pump & Dump schemes and unless you are able to watch the market for your altcoin holdings nearly 24/7 you are likely to miss out on the highs and lows. For instance you could be away from your phone/computer for 24 hours and have missed your altcoin catapulting to its All-time High and then dropping down to its All-time Low shortly after once all of the big traders/holders dump their coins.

[oktana]

I kinda regret not buying chain Link. I was told about it by a friend. It was december last year and the price was barely $1. Now its risen beyond my expectation. Also. I'm not impressed at how XPR is going. Bitcoin is what has really made me feel proud.

[LUCKMCFLY]

There is something that will always be fulfilled, when bitcoin is in a bullish trend, all altcoins will rise in price, some investors shelter their money in altcoins already when they confirm the bullish trend and just make the first correction, at that moment is where they determine that It is the best way to buy because as bitcoin follows its bullish path, altcoins rise from 2x to 10x some, many of them only have one pump and their lives are ending, others remain in the market according to their investors have available, obviously this occurs when bitcoin is in a bullish trend.

[Coyster]

Personally I feel that anything other than a very short term investment with altcoins is highly risky. Most altcoins are very influenced and affected by Pump & Dump schemes and unless you are able to watch the market for your altcoin holdings nearly 24/7 you are likely to miss out on the highs and lows.

+1 to your points, I generally consider most altcoins to be only short term investments, i know there are some people who hold altcoins, but honestly I can only feel comfortable if I'm holding an altcoin like ethereum, and prolly a handful of others, the rest are more or less pump and dump coins, and will not hold their value for the long term. Bitcoin is different from all of them, that's why it's possible for it to rise and plunge and then rise again, Bitcoin is definitely bound to cross it's ath very soon, it's great for BTC holders to see it gain traction all over the world, and with the kind of adoption Bitcoin got this year alone, it's growth will continue non-stop.

[stadus]

Not a good comparison with the current situation IMO, bitcoin that time is still a bit bullish, and the popularity of altcoins was still there, now they struggle so we will not certainly gonna see a good price in overall, also, you only choose a very limited number of altcoins, but if you'll add more, like the top 100 or top 50, for sure the previous times are still profitable.

[ZZ8ZZ]

I agree with you on the shitcoin part. I was a part of so many projects back in 2016 and 2017 where 98% of them are completely dead now. I kinda knew that this was going to happen and did some bad decisions holding a large sum of shitcoins without selling even a few, but this year I came back stronger than ever and invested everything I had in BTC. Already took some great profits because of the current price, hoping that it will go even higher so I can empty more bags.

[RapTarX]

You are comparing altcoin with bitcoin? Well, just sharing an info about chainlink. It's supply is less than 40% of the max supply while BTC circulated supply is above 88%. There are a lot of other factors you should taken care of.
However, if there's one altcoin which I would love to have (may be I have  ) is Litecoin.
This discussion better suits in altcoin discussion I guess.

[Jating]

You are comparing altcoin with bitcoin? Well, just sharing an info about chainlink. It's supply is less than 40% of the max supply while BTC circulated supply is above 88%. There are a lot of other factors you should taken care of.
However, if there's one altcoin which I would love to have (may be I have  ) is Litecoin.
This discussion better suits in altcoin discussion I guess.

I think he was comparing the price movement of bitcoin and how it bounce back to $16k again. While the rest of the altcoins that time was having a good price, but majority didn't do well up to this point.

And it's good to see that bitcoin is just like 16% below it's previous all time high when it hits $16,500 in the last couple of days (although we have witnessed another correction in the last 48 hours).

So lesson learned here is that we should stick to bitcoin regardless if we go on bearish cycle as compare to alts because its resiliency and recovery will be faster that those shitcoins.

[Oceat]

I bet most people are still on the shit coins if Bitcoin didn't reach this price right now but who knows? Bitcoin has the tendency to reach above level of price than what we expected I guess every halving we'll experience this kind of bullish price compared to most altcoins. Ethereum is always the second best choice if there's a Bitcoin bull run because it sure does follow the trend that's why investing on it is recommended.

[OcTradism]

Screener for % down from ATH is free with Messari.io. Link: https://messari.io/screener

Click on Metrics & Filters and choose % Down from ATH to get a table. You need to create an Free account to customise the screener. The filtered table will give your a summary on altcoin prices in the last 3 or 4 years. It is for most of altcoins to hit their ATHs in 2017 or 2018. For younger altcoins, their ATHs can be in 2019 or 2020.