Bitcoin before and now

[masterzino]

We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

I agree with you, and there is a big difference this time.

Now people accept crypto-currencies being something more than a nerd number-scam due to Elon Musk and other famous faces embracing it. And mainstream media presents crypto as assent and investment now, not as a way to pay your dope.

People finally started seeing the blockchain potential.

[XCANA]

Personally, without any iota of doubt in this regard to Bitcoin movement, the market is likely to take a different move from the past becasue of those who are recently moving the market. In the past, the market was moved by retailers but now it's be moving by big investors, companies and notable individuals in the world of investment. Bitcoin before the 2016-2017 wasn't as bullish or noticed like what we have this day, celebrities twitting about the said technology and more followers are buying into their ideas of holding Bitcoin, so, this present market will definitely take a different tone from the past.   

[verita1]

The most notorious difference from the bitcoin bull run from 2017 to the current one is the Global pandemic that forces us to reinvent and value the resources we have to be able to face the economic situation and prepare for the future.

So we have turned to Bitcoin and not ICOs.
We decided to HODL and accumulate, if we realize the trading has not been the one to dominate.
Institutions have more participation in the purchase of bitcoin than consumers resulting in volatility decreasing.

[k@suy]

The most notorious difference from the bitcoin bull run from 2017 to the current one is the Global pandemic that forces us to reinvent and value the resources we have to be able to face the economic situation and prepare for the future.

So we have turned to Bitcoin and not ICOs.
We decided to HODL and accumulate, if we realize the trading has not been the one to dominate.
Institutions have more participation in the purchase of bitcoin than consumers resulting in volatility decreasing.

Institution got more power during this pandemic , they can accumulate more and they can manipulate the market even more so I think it is better if we take this chance, we can follow the trend if the market says we need to sell then sell it, 2017 is phenomenal I can't forget my first bitcoin that year , this 2020 I did not get the chance to have 1btc so I am little sad but there are still months ahead for me to have 1 btc again no matter even the price of bitcoin dumps.

[panganib999]

The most notorious difference from the bitcoin bull run from 2017 to the current one is the Global pandemic that forces us to reinvent and value the resources we have to be able to face the economic situation and prepare for the future.

So we have turned to Bitcoin and not ICOs.
We decided to HODL and accumulate, if we realize the trading has not been the one to dominate.
Institutions have more participation in the purchase of bitcoin than consumers resulting in volatility decreasing.

Institution got more power during this pandemic , they can accumulate more and they can manipulate the market even more so I think it is better if we take this chance, we can follow the trend if the market says we need to sell then sell it, 2017 is phenomenal I can't forget my first bitcoin that year , this 2020 I did not get the chance to have 1btc so I am little sad but there are still months ahead for me to have 1 btc again no matter even the price of bitcoin dumps.

Bitcoin today is a very big deal idea of coin because we all know its capability and of course the value of it. I started bitcoin wayback in 2017. I remembered my first payment here in the forum back in 2017. The value of bitcoin that day is not that so high in value of what it is today. And in that time I am so happy whenever I get my payment because I can use it in my everyday needs and things I want to buy. And in that time my money was doubled because I experienced the all time high that time. But in today's bitcoin, I didn't actually take the opportunity to earn good and big because I didn't able to save up a little. And I'm regretful of that.

[BIT-BENDER]

I can't adequately relate with the post but the topic I think I have my contribution.
    BITCOIN BEFORE:
+ Less adopted
+ Less popular
+ Less of a threat -as seen by fragile government of some places-
+ More skeptical about if it's a scam by people
+ Less put on a global platform/map

     Bitcoin now
+ Achieved an all time high
+ More adopted and popular
+ Everywhere on global platform and VIP are loving to be related to it.
+ More established/stronger
+ More of a threat -as seen by fragile government of some places-

[jrrsparkles]

In simple words it is getting stronger day by day, and we are still in nowhere compared to the real intention of bitcoin since we are using bitcoin as investment not as currency yet. Anyhow the investment field keeps the bitcoin alive but it is also important to realize the decentralization so that we can attain financial freedom as well not only just rich and live our fiat with the paper money.

[pixie85]

We are moving forward every year and this growing confidence in bitcoin is shown by less volatility and longer market cycles.

In other words bitcoin is becoming more stable and more boring for traders but at the same more interesting to whale investors and institutions because they don't want big volatility but safe and steady gains. Before it was the money of the dark web. Now it's safety fund for the rich.

[Amejoaquim]

Yah it's very diferrent, when we back at 2017-2018 most of them still don't know benefit about blockchain and still afraid to accept about blockchain.

And back at 2021, i think most of them already know what it is and they can't stop future of blockchain, especially after the influence of elon musk.

[yazher]

We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

Today is a big leap for Bitcoin since there are lots of back up from the big-time companies like Paypal and other known individuals. Back in the days, it was merely a claim or speculations. Now is getting real, we are re-writing another good history here and hoping that it would not change soon since we already gather lots of investors who are making the investment in bitcoins seriously. The new ATH right now is the evidence and the result of its reality. There's is no imagination here, bitcoins really improved and it keeps progressing as the days go by.

[DapanasFruit]

The Bitcoin bull run that is happening right now is due to a big part to the entrance of big players into it. I am talking about big names like PayPal, institutional funds, fund managers and yes famous personalities like Elon Musk which put the level of trust and confidence on Bitcoin on a new and higher level. With such a big buzz of positivity, it is just a matter of days for Bitcoin to go up, up and up resulting into an unstoppable upward movement. Right now, nobody can predict up to how high BTC can go before it can make a big correction. We might as well enjoy the ride, anyway, while cheering BTC up.

[Reatim]

We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018,

WRONG Because in 2017 We have the surge from september to December and ended before the end of the Year and the following year in which 2018 is the Burden starting January so this is much different now.

only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it,

Institutional investors are indeed the best that we have now.

suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

How come that it is suddenly when if helps in Positive spotlight ?

And besides Just help the market by investing and let the situation dictates the future.

[FatFork]

Bitcoin has shown some extreme volatility over the years. This is certainly something worth thinking about while investing in cryptocurrencies.

On the other hand, this time it appears that Bitcoin bull run has institutional support, which makes a significant difference in comparison with 2017. So I find it funny to assume that the BTC would, for example, just stop at these levels. $50k would only be a 2.5x from the previous ATH. BTC bull runs have never been so small before. The J.P.Morgan strategists believe bitcoin will become rival to gold and that its price may reach 146,000 $ if it becomes the go-to asset in uncertain times.

Where is the new frontier for price for Bitcoin, no one really knows.

[Shasha80]

It is very different from the bullish trend in 2017 with 2021, because in 2017 the increase in Bitcoin went up like a bubble and finally fell very drastically
in 2018. Because at that time the Bitcoin increase did not have strong fundamentals, many investors bought Bitcoin in 2017 because of FOMO.
Meanwhile, in 2021, the increase in Bitcoin is stronger, because since the halving in 2020.

Lots of positive news that can indeed make Bitcoin its popularity rise again. And Bitcoin can convince many rich people in the world to start choosing
Bitcoin for long-term investments. Therefore, in 2021, it is possible that the Bitcoin price will continue to rise until the end of the year.

[777Jolami]

I find the current trend is very different from previous years. It has all the elements that make it more attractive and powerful. In addition, peripheral factors including covid also have a positive and objective meaning. In addition, this is a really fertile and fiery year in the Lunar New Year without any incident similar to 2018 caused. That is a good thing.

[kryptqnick]

We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

The support seems stronger this time than it was in 2017, I agree with that. However, I still think the price got pumped too fast, and it's overhyped. For years, there was barely enough support for $10k, and now suddenly a few events occur and Bitcoin is worth four of five times as much? I think it's a huge overreaction of the market, and eventually it will end with at least a 50% decrease of the price. It's not adopted that much in comparison with 2019, and it's not used or widely accepted that significantly. So the price is still largely justified by FOMO, and this can't last forever.

[Vaskiy]

During the previous bull market the market price movement was just a pump and dump compared to the ongoing market growth. The year 2017 hadn't got much of institutional investors. The adoption of bitcoin by the Japanese government caused the market rise, but this didn't last as there were no big network to support the adoption.

This time it has been continuing with more number of influencial persons into the market. Possibly this trend will continue, because there isn't any form of negativity around the network. Indian government revealed a statement of cryptocurrency ban, if the market isn't strong now it could've fallen big.

[velive08]

the factor is the same as 2017-2018 there was a great shock from the people who influenced crypto. the difference is the persistence trend of bitcoin price in 2017 and 2021 is it the same or different? I hope that if this trend lasts longer and longer. because the influence of the great shock in this year is also different

[shield132]

We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

They didn't realize today that the blockchain technologies are necessary and it has a lot of possibilities, no, it has been realized a long time ago and a lot of institutions actively work on implementing blockchain technologies into different services where an extra layer of security is a great addition, for example, land title registry.

And there is a huge difference between bitcoin before and now and that's not only the price of it. Bitcoin before was a great thing, not high transaction fees, there was even higher privacy, there wasn't need of KYC documents as it is requested nowadays by a lot of service providers. I just loved the situation that was before, now I find it to be more commercial thing and a victim of businessmen (at some point). But I love my bitcoin.

[FlightyPouch]

The surge that we experience has nothing to do with these institutions being interested in blockchain at all. Most of them are interested that bitcoin holds in the future that is why more and more investors and companies/corporations are trying to get a hold of their own bitcoins. That is why it is getting more and more popular and in demand.

More and more adoption will happen and we need to peel our eyes open and be patient waiting for that time. Adoption and global transactions happening every single day, I don't know if the blockchain is ready for that though.