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Author Topic: Will Bitcoin do the same scenario in 2018 ?  (Read 922 times)
btc78
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April 30, 2021, 07:21:23 AM
 #61

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  Undecided
i am a little bit confused
 
are you really asking for answer or you have just sold yours already?
because if you truly believe in bitcoin capacity there is no chance in making post like this.

but if you are planning to sell then do it now so we can catch your selling and added in our holding and you will remain waiting for the fall but it wont come because bull will run once more to reach 100k

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April 30, 2021, 09:17:17 AM
Merited by fillippone (3)
 #62

I've watched videos on Youtube regarding this and the bull run in general.
Some of them said that the bull run might end this year specifically in September-October. Some are saying that we are just at the beginning of the bull run and some said that we are at the middle of it base on some charts.
Yeah, that's the beauty of crypto, we really don't know what the future hold for us, and there's always two side of the equation. So it's really up to us to decide, whether we listen o make our own decision on what we are seeing in the flow of the market.

As for me, I'm not panicking and I'm still holding. Now regarding to the OP's question, it might happen or it might not. Build a strategy that will help you whenever it will happen or it will not.
Most of us here have seen the ups and downs of the market, bull/bear/bull etc. So again, it's up to us to mitigate the risk on the future.

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April 30, 2021, 10:20:31 AM
 #63

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  Undecided
i am a little bit confused
 
are you really asking for answer or you have just sold yours already?
because if you truly believe in bitcoin capacity there is no chance in making post like this.

but if you are planning to sell then do it now so we can catch your selling and added in our holding and you will remain waiting for the fall but it wont come because bull will run once more to reach 100k

Maybe he's just gathering the people's opinion to gather some basis if he will do hold or not since its really risky to do so if you don't know on what you are doing on your bitcoins since if you are newbie you might gonna temp to sell your profit at low rate or might you will dump all your coins when you see a heavy selling orders happened in the market. I call this asking as good action made by him since it can save him from future hype.

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April 30, 2021, 10:53:35 AM
 #64

Look at the chart dude, the 2018 crash happened around mid-January  while the prices have been going strong for about 4 or 5 months now, so I don't think that it will be the same as 2018 because the moment that bitcoin didn't crash in mid-January 2021 is enough proof that it will be different this year.
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April 30, 2021, 01:21:37 PM
 #65

Look at the chart dude, the 2018 crash happened around mid-January  while the prices have been going strong for about 4 or 5 months now, so I don't think that it will be the same as 2018 because the moment that bitcoin didn't crash in mid-January 2021 is enough proof that it will be different this year.
Aside from that, the uprising trend of the market seems to have no chance to stop, and I'd never think about the crash but just only price corrections.

So, whatever happens in the past could not be the same today or in the future. It maybe OP will stop thinking about the crash as it only fuels negativity but rather extend our trust with Bitcoin. It was proven already and that is enough to think that Bitcoin will continue to grow, not to crash again.
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April 30, 2021, 01:32:57 PM
 #66

~
Aside from that, the uprising trend of the market seems to have no chance to stop, and I'd never think about the crash but just only price corrections.

So, whatever happens in the past could not be the same today or in the future. It maybe OP will stop thinking about the crash as it only fuels negativity but rather extend our trust with Bitcoin. It was proven already and that is enough to think that Bitcoin will continue to grow, not to crash again.
That's a healthy way to look at the prices and not cause a panic that doesn't contribute anything but the unnecessary anxiety of worrying about something inevitable. Yeah, bitcoin has proven time and time again and I don't get how they still worry when the prices are going down.
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May 03, 2021, 06:26:16 PM
 #67

Look at the chart dude, the 2018 crash happened around mid-January  while the prices have been going strong for about 4 or 5 months now, so I don't think that it will be the same as 2018 because the moment that bitcoin didn't crash in mid-January 2021 is enough proof that it will be different this year.
We must also look at the top, we saw bitcoin making a top in 2017 and right now it looks completely different than what we saw back then, the top only lasted for a few days in 2017 and then the price crashed away from it relatively quickly, right now we are close to the top once again and this has been the case for almost 2 months and it is to be expected this is going to remain this way, basically what this tells me is that this is not the top which means the price will keep growing during the next months.
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May 03, 2021, 06:39:45 PM
 #68

Before the crash there will be an insane FOMO pump.
This isn’t happening right now.

Also the end of the year will have people setting up their finances for optimal tax. In some cases this could require them to exit.

So if the crash comes I bet it will be after August...

True Bitcoin believers will HODL through the next 4 years of hardship for those $1M BTC....

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May 03, 2021, 09:20:04 PM
 #69

So, whatever happens in the past could not be the same today or in the future. It maybe OP will stop thinking about the crash as it only fuels negativity but rather extend our trust with Bitcoin. It was proven already and that is enough to think that Bitcoin will continue to grow, not to crash again.
The trust in Bitcoin cannot be altered according the price valuation but according to the code we follow and the upgrades that will help in improving the network and help in scaling and that should be the ultimate goal and the rest will follow. Bitcoin might crash and billions of dollars might disappear but the market just moves on as usual and the only thing you need to look is to never burn yourself when the market is crashing.
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May 03, 2021, 11:11:55 PM
 #70

It can happen, there will be a bearish after the bullrun. It is the same as in the past, we have bullrun in 2017, then there is a bearish in 2018. This year, we are in the bullrun season, so there is a chance that we see a bearish season in the next year. But surely no guarantee if it really can happen. The situation in the current market isn't the same as in 2017-2018.
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May 04, 2021, 10:01:46 PM
 #71

Expect the same pattern, though perhaps not as deep as the previous cycle.

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May 04, 2021, 10:42:55 PM
 #72

Expect the same pattern, though perhaps not as deep as the previous cycle.
Not only talking about the deep of previous cycle but into other factors as well;

-Level of adoption
-Instutional and Big company involvement
-More government recognition
-More traditional service application

We can presume about probabilities but seeing these changes would really tell you that this isnt something that we had seen in the past.
Therefore, its less likely to happen to see the same scenario.

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May 04, 2021, 10:48:47 PM
 #73

It can happen, there will be a bearish after the bullrun. It is the same as in the past, we have bullrun in 2017, then there is a bearish in 2018. This year, we are in the bullrun season, so there is a chance that we see a bearish season in the next year. But surely no guarantee if it really can happen. The situation in the current market isn't the same as in 2017-2018.

That certainly be unpredictable. Yes, of course, dumps can still be happening any time but with the fact that Bitcoin is continuously growing and also the coming of big companies, I expecting less for this huge correction to appears. We can have such a market crash but not as the same as what we experience last 2018. Besides, I almost forget about that, it was the worse experience so I'd tried not to remember it.

Anyways, we can't urge people to keep calm and still positive in every price correction, many we're still leaving in the doubt, so it was expecting that these people will start taking negative once they saw red paint in the chart.

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May 04, 2021, 11:18:28 PM
 #74

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  Undecided
i am a little bit confused
 

It's always possible that bear market will tend to exist during same with previous years, but we don't know when this time will be. Keep an eye and monitor bitcoin market , because someday we might see downtrends coming and this a huge opportunities for all of us to purchase btc at lower costs. When there's a chance to sell while high, then do it and don't wait for the blood bath.
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May 04, 2021, 11:55:45 PM
 #75

That of 2017 bull run is mainly from the whales while the present one comprises of institutions, it will be very difficult to crash just any how as we often experience it

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May 05, 2021, 12:41:22 AM
 #76

I think that Bitcoin cannot be in the same pattern of 2018, now the scenario is very different, there is a lot of demand, it is obtained that from the new entry of many investors, including Elon Musk, Microestrategy, among others, they are giving a very different turn to 2018.

Today people and institutions that have a lot of money are buying Bitcoin, which is why these market changes occur, most of which have produced new ATHs.

This article talks a bit about the difference of stages in the market:

Quote
Dilution proof concludes by asserting that now that BTC has undergone a technical correction, most market cycle metrics are pointing towards more room for growth.

“Compared to 2017, the bull run was intense; some exhaustion was normal
– The market was (over)leveraged, but now less so
– The demand for Bitcoin appears strong as ever
– If this cycle is like the others there is room for growth on most market cycle metrics.”
Source: https://dailyhodl.com/2021/05/04/bitcoin-demand-strong-as-ever-says-top-on-chain-analyst-heres-why/

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May 05, 2021, 05:29:55 AM
 #77

every year, the potential of bitcoin and other altcoins will always be different. in 2018 was very different from the year we currently have. We all know that currently there are very many large investors who believe in bitcoin technology. whereas in the previous year, the impetus for cry [tp only lies in a few pushes such as the popularity of ICOs, and the halving. I'm pretty sure that the conditions will be different from the previous year.

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May 05, 2021, 05:47:38 AM
 #78

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  Undecided
i am a little bit confused
 
No its possible but not for now this is not 2018 anymore its 2021 last 2018 theres no Elon Musk promoting bitcoin today many celebrities joined the party and many still will join for sure so bitcoin will become out of supply and no chance a repeat like what happens in 2018 wait till the end of the year and $100k will be the new support. 

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May 05, 2021, 09:18:35 AM
 #79

What happened in 2018 is different from what happened in 2020-2021, back in 2018 there were less institutional investors that are buying bitcoin because it was still unknown or they still don't find it worth investing and the prices dropped in January and now look at 2021, the price is stagnating but it didn't dumped altogether.

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May 05, 2021, 09:40:27 AM
 #80

Bitcoin cant increase forever, right? Eventually, at some point, bitcoin has to stop the increase and start to decrease its value. Even I am a bitcoin enthusiast, my gut tells me that bitcoin is currently overvalued. However, the good sign is that technical analysis demonstrates a healthy uptrend in the big time frames (day, week, and months). I will probably try to earn some extra money with altcoins because the bitcoin momentum is getting weaker. Moreover, bitcoin dominance is getting lower so this is the right time to invest in altcoins

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..PLAY NOW..
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