History is repeating itself or not?

[ImHash]

First of all, hello everyone, I'm back after a few years.
So much has changed, glad that forum is still here.

To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


Ps, non-english user here, will improve my grammar.

[1714600473]

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[pooya87]

I remember that after Trump was elected, Bitcoin started to rise and headed for the top,

Trump won the election on November 9, 2016. Bitcoin price started rising on January 20, 2015 and by the election the price was up 233% already!

but after a while and slowly it started to fall.

There were many corrections during that "cycle" but it took until December 2017 to start to fall.

Your times are way off the mark.
Please don't try to link bitcoin price movements to irrelevant things.

[Lorence.xD]

I do not think so, if you have been looking at news articles about crypto which I am sure you are, companies are starting to consider bitcoin as an investment for their company. The bull is still on parade, hopefully history won't repeat itself because that would be too predictable for hodlers when to sell and when to buy. Happy that there are people returning to the platform.

[Anonylz]

It is better not try bring this up again after it has been largely discussed and argued upon in several threads in this forum, (since you have been away for so long you might not know it) however, I really do not see the connection between the 2, the US election was not the trigger of btc price movement, I doubt there is a definitive answer to that, but the closest was institutional investors have a sudden large appetite for btc, and of course the PayPal news, and many other reasons, but certainly not the elections or past and present regime 

[Walterhank]

This time the market seems different compared to the past. So, it won't repeat history. Though you do have the point that countries to play games with the market.

[Kemarit]

Nothing to do with US elections (if this is what the OP is driving at), the price moves by itself regardless of any political or geo-political events.

Worth noting though that there are proponents of a 4 year cycle, so 2021 will be the 4th year, (2017-2021), but we can't really say for certain if history is going to repeat itself as the the exponential growth might need to slow that at some point, so we might see shorter or longer cycle.

[dothebeats]

The greatest difference between then and now is that institutional investors are actively engaging in crypto-related developments and innovations, some of which are on the helm of said things. Back then, it was purely the crypto community who manned the initial days of the bull run which was amplified by FOMO and outside investors that want to take some profits. Well, we still might see some retracements--heck, we might not even reach the ATH of this cycle just yet, and this might just be the start of it all.

[davis196]

It seems to me that people are trying to find correlations,where they simply don't exist.
Obama got re-elected in 2012,if I remember this correctly,and in 2013 the Bitcoin price went from $16 to 1.2K USD in one year.Do you think that this bull run had something to do with Obama's re-election?Same goes with the Trump election in 2016.
Maybe history will repeat itself,or maybe it won't.We can only speculate...

[acener]

I hope that it isn't repeating it and I also think that it won't happen again.
Unlike what happen in 2017 the price increase right now have a huge reason and back ups unlike back then the price increase was only made by FOMO and ICO's.
Now we have so many big names and company that is backing it up and reason why the price goes up and wouldn't drop like what happen in the past.

[rodskee]

First of all, hello everyone, I'm back after a few years.
So much has changed, glad that forum is still here.

To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


Ps, non-english user here, will improve my grammar.

None of election related cases that applies here,Because Bitcoin price are not politically dependent ,Instead this works By demand of the people that looks for technology and not for Long term advantage and not just for the time being.

But Of course There is still effect the new Governance of US specially If the stands favor or not in crypto.

[sunsilk]

You might compare with the 2017-2018 and 2020-2021. But the narrative and fundamentals are different so if there's an idea that builds up to you and that makes you think that it will be the same as those years, we'll see it this time.

But if the comparison is there, it is unlikely. We have no ico and these defis are not that much of an impact to bitcoin this time because dominance is high for bitcoin.

[Welsh]

Nothing to do with US elections (if this is what the OP is driving at), the price moves by itself regardless of any political or geo-political events.

I wouldn't say this is true. I'd like to think political movements are a major contribution to why people adopt Bitcoin. I would probably have a guess that the majority of people involved with Bitcoin, came to Bitcoin because it isn't happy with the current political situation that most countries find them in. Plus, despite the Bitcoin price already showing a rather large movement before Trump's election, I still think it could have potentially had some impact on people looking for alternatives to the current money system they were using. After all, there was a large divide in electing trump, and his attitude probably worried a lot of people that the American economy was doomed, hence they started looking at alternatives. Bitcoin, probably being the leading candidate.

So, although I don't think politics are the only reason, I do believe it can have an impact on Bitcoin, especially for adoption rate.

[DarkDays]

There is no history here. Trump's election did not affect much the BTC market. This is nothing but events association. It would be interesting if there was something like this but the majority of the BTC holders are not all holding up to Trump or US, no, they're fairly spread.

What BTC is doing now is no history repeating itself, no, it is history being written before our eyes!

[Fundamentals Of]

The difference is that the market has now a lot of players, big players, wealthy players. It is not the market that we used to know. Bitcoin a few years before was not as popular as it is today.

I cannot tell for sure whether the US election has had something to do with the price. It may have but only if there is an explicit plan as regards the official stand of the state in relation to the use and legality of Bitcoin. So far, there seems to have none. Never in the history of a presidential debate was Bitcoin mentioned even once. So I don't think the price of Bitcoin was significantly affected by any presidential election.

[KennyR]

History repeats itself, but with bitcoin the thing is different. Bitcoin has been making history with time. At times there'll be decrease in the price of bitcoin, but by that time there'll be increased adoption. Every year seems to be better than the previous year in one form or the other. Whenever there happens growth with bitcoin, it gets related with any of the incident that took place by the time. In such a way OP has connected the growth with the US presidential election.

[Smartprofit]

First of all, hello everyone, I'm back after a few years.
So much has changed, glad that forum is still here.

To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


Ps, non-english user here, will improve my grammar.

Everything is interconnected.  However, in my opinion, there is no direct link between the US presidential election and the price of bitcoins. 

The gradual loss by the US dollar of its status as the world reserve currency is the reason behind the rise in bitcoin. 

There is no reason to be surprised.  After all, the price of Bitcoin is denominated in US dollars.  The reboot of the global financial system was announced publicly.  Many countries have announced the development and implementation of CBDCs. 

Hence, traditional fiat currencies have no future.  Hence the increased interest of institutional investors in Bitcoin.

[bassbity]

for a long time you disappeared, and of course the changes continued without realizing it. In my opinion, history cannot be repeated, it's just that the current movement of bitcoin has learned from history that in fact, the election is always the spearhead of an increase, even though in fact it is only 1% of the connection from the election. nothing has changed the movement but the market demand is soaring. There are still many factors that are more relevant than linking the American election to the price of bitcoin.

[yazher]

I think the price of BTC has nothing to do with any countries election because it is completely independent unless those who are elected say some good thing about BTC then that's another story. Last time when the Chinese president said something about cryptocurrencies the price went up and manage to recover after it fells to its low price last 2019.

[sapnu]

We cannot conclude yet that history is repeating itself. If you're going to take a look at it, what happened way back 2018 was very different from now. Last bull run, the value stayed at almost 20k dollars but the bull run right now is continuously increasing. That makes it hard to predict what will really happen to the future of bitcoin. Regardless, if you really want bitcoin to be a good help in your financial status, you should always pay attention to the market and the price change. Through that you can somehow know what may happen next.

[kentrolla]

BTC gradually started to pump before 6month and slowly came to the public interest so US election is nothing to with this pump, We are going to see a new module in BTC the history of 2017 pump after dump will not repeat hopefully the market is very strong now and BTC is trying to hit 30k from two days which means bullrun is still on and it believe this will continue for few more months.