Will Bitcoin do the same scenario in 2018 ?

[DJANAS]

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold 
i am a little bit confused
 

[jackg]

I'm sure there was a slowdown in 2017 and a reaccumulation phase...

September's coming to mind but I'm not sure why.


Just checked the chart and I was right. In August we rallied higher, up to £4000/$6000 and then in September we closed at £3000/$4000 before rallying in the next month to a new ath around £5000/$6500.

(conversions from gbp are being used because they have longer continuous charts that are easier to find)..


Based on more accurate ratios than those, the bottom would actually be around here... Might be a bad idea to sell now.

[mk4]

Of course there's a possibility, there's always is. The difficult part is, actually timing it. Hence why timing the markets isn't a recommended strategy in the first place; instead, dollar-cost averaging[1] is a far better strategy for the masses.

[1] https://dcabtc.com/

[LUCKMCFLY]

I do not think so, there is still a long way to go, just because the altcoins season has not started is enough to expect the best of Bitcoin, if we now see from a long-term forecast point of view, it is in very bitcoin is in good shape because the retracement so far has been 25%, according to PlanB it is not the end of the Bullish race for Bitcoin, according to him he still firmly believes that it will reach $288k.

This Was Not the Top of Bitcoin’s 2021 Bull Run, According to PlanB

Despite crashing by 25% in a week and changing the general sentiment, bitcoin’s bull run could continue to a new top, argued S2F’s creator – PlanB.

Source: https://cryptopotato.com/this-was-not-the-top-of-bitcoins-2021-bull-run-according-to-planb/

The scenario is not the same as 2018, in addition the circumstances in 2021 are very different today.

[blockman]

but should we sell now in this panic ! or should we hold 
i am a little bit confused
 

Don't be confused. What's your plan for this market? just get out and never come back or hold for the long term? I chose to hold. There really is a chance that it will be the same as 2018 but this time, we'll be having a higher price if ever bitcoin crashes again.
That's much better than 2018 so if you're worrying about the crash, prepare your cash and buy when it happens.

[Fesatmas]

There is always a good time for bitcoin to rest at a certain point where the market has been saturated for some time, and this is perfectly normal. we are used to the momentum of collapse and bounce back in full force. while the time is not sure. because predicting the price of bitcoin in the next few days is very difficult. so always prepare for everything, even in a bearish or bullish market situation. we are in the ideal place.

[Altcoinist]

No, we are not in the same situation. There is a very strong fiat devaluation and economics crisis is coming (not only due to COVID).

[DoublerHunter]

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold 
i am a little bit confused
 

^ Don't be confused and avoid being a part of those panic sellers. This is a very natural way of BTC that there is a price correction, regarding the news and updates towards BTC adoption worldwide, I dont see any reason BTC will drop too much even it will become a $30k price in the market. It is natural that BTC is always volatile price and even there is a correction, every now and then it will always fluctuate and always have resistance, and might this small correction will become a big refuel to pump up again to the market. Who knows, still nobody knows what will happen next, if I were your place, just HODL and be patient at all. BTC price supposedly have always an ATH,

[Hypnosis00]

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold 
i am a little bit confused
 

I'm not going to believe the saying "history repeats itself" but somehow, we can't stop the market from showing again like that as we know that it was vulnerable to such a thing. Though we say that the market will dump badly, never think also that it gonna be like what 2018 did.
Reaching back $4,000, $5,000 looks like it never happens again coz I felt that the market will remain high as $10,000.

[Hamphser]

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold 
i am a little bit confused
 

Sell on panic? Its your choice because people cant be completely stop on what they would do into this market neither they would be selling out to avoid further losses or would

simply hold up for waiting in some recovery which is a typical movement that we can see and we've been dealing with it for a decade and asking out if bitcoin would do the same

scenario just like in 2018? No it wont but not a guarantees because no man could ever know on what would happen in the future.It all matters with the demand in the end of the day.

[shield132]

When there is a significant rise, there comes the significant dip. It's always better to sell when price is high and use the advantage of dip. Crypto is a long term investment where you need a patience.

When fantasy meets reality, anything is possible. So, in crypto world, absolutely anything is possible but I still believe that the past will repeat and we will see higher price than 65K USD. There will be one significant bull run and then maybe the lowest btc price we may see will be 13-15K USD. 20K USD will be a new normal/average for bitcoin.

[mirakal]

It could be the same scenario in 2018, or not, but if we will see a 2018 scenario, then I would be happy to accumulat as I know what to expect after I accumulate. As long as crypto will stay, accumulating should be the right thing to as to benefit on its price volatility.

so we are at $50k now, what's next? As the pressure for dump is high, it could dip at a very low price, even at a price that we didn't imagine it could happen.

[janggernaut]

In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

[Questat]

In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

We find it more different as people are already knowledgeable and enough to conquer the doubts and replace them with positivity. And I think we are happy with these huge changes and looking forward to a short dump as possible and reject the 2018 event.

Anyway,
While observing the current momentum, we are not really at a hard drop scheme. It went slowly and slowly while some investors helping to sustain the market at high.

[tippytoes]

In 2018, when bitcoin dropped from 19k, almost no one would buy it and they just let it dumped until $3k. Now, even bitcoin drop to $40k, people will keep accumulate as much as they can buy, since more and more huge institution begin to accepting bitcoin. You should use your logic on here, we are on different situation with 2018 back then

We find it more different as people are already knowledgeable and enough to conquer the doubts and replace them with positivity. And I think we are happy with these huge changes and looking forward to a short dump as possible and reject the 2018 event.

Anyway,
While observing the current momentum, we are not really at a hard drop scheme. It went slowly and slowly while some investors helping to sustain the market at high.

The market is still holding the 50k level. So for me, it is really not massive drop. But people are hard to please, now, that they experience the 60k level. They want more. I believe, it will not be the same as the adoption today is very different than in previous years. Many institutions/organizations/companies are involved in this market. And from my perspective, they are not here for quick gain. They have long-term plans in this market. Those that are including crypto in their payment system, do you think that is just for few months? I don't think so. That's a long term involvement to crypto.

[Julien_Olynpic]

A fall is almost always possible, but for now, I don't expect Bitcoin to fall sharply. We may not even reach $ 20,000. Bitcoin's fall in 2018 failed to reach the peak of the previous bull run at $ 1,200. Most likely, this time too, we will not see bitcoin fall to $ 20,000. In addition, today's situation is very different from what it was in 2018. There is such a thing as a presidential cycle. Risky assets usually do not fall at the start of a presidential cycle. And Bitcoin usually doesn't drop much a year after the halving.

[jostorres]

i am wondering if Bitcoin will fall again like it happened in 2018 after the Bull run !
even in this time the price raised too much faster in shorter time.
last two days Bitcoin price felt 10000 $
i know that some news affect the market, but should we sell now in this panic ! or should we hold  
i am a little bit confused

Nothing there to get confused; it is too early to expect bitcoin to behave how it was doing in 2018. Because, we are not done with what happened in 2017. When the scenarios of 2017 yet to happen, how you are expecting things of 2018 to happen?

Bitcoin is all set to test new ATH in coming months and the current downfall is just a correction which should be viewed like usual market ups and down and nothing to worry about that. More than 100% sure that bitcoin market will bounce back from this current price levels. You can expect bitcoin to have a new ATH by end of this year only after that you can expect about bearish trend.

[GreatArkansas]

For me, for every bullrun we did, there are always differences.
For example, now, the trend of Bitcoin is increased always, the volume too, so for me, it is slowly changing.
The 2018 scenario for me after the bull run is too much volatility compare now. But the thing of bullrun -> bear run for me is I agree with it.
Trading volume now is significantly increased in huge numbers.

[Tomiwa_akin]

i would say you should sell if you can watch the chart and monitor it, but if not you should leave it till it crashes to below 44k. the scenario is different from that of 2018. there is still a possibility of uptrend. currently we are in a correction phase which is normal.

[elda34b]

I think this is the first wipeout for the weak hands. A lot of sources that I read said that it is still similar to the 2017 run, where we had 3 major corrections before the last pump. I also think the scenario is still on-going. It does hurt, especially if you hold alts, but hopefully things will get better on the next quarter.

I personally plan on waiting for November before I exit some of my positions.