2021 starting to look like 2013 more than 2017

[maydna]

Perhaps that is right, but I do not think that is almost the same because the situation is now different from in 2013. I think the bull run still happens to the market, but we see now that the market is down and makes a correction. But if we compare to 2013, the price now is not going down reach $20k, and if the price really down to that price, we can't do anything except follow it. But all in all, I think the crypto market still at the bull market, and we need to have patience and to wait for the crypto market to recover. Besides that, we have more times to see the crypto market will increase later.

[imstillthebest]

When we look at the crypto market in general, we can see that it has shown similar movements for many years. But this time big companies got involved. We may see a different movement.

It has the same pattern but there are plenty of factors where they will differ in terms of things that will affect its price.

Hoping that we really see a different move from the market because many people panicking right now even if it is not necessary.

If that's the case then we should wait for the price to have bull run again even if it take some time.

less companies involved in 2013 but its surprising that the dip is more compare to the dip that happen last time or maybe most companies are not selling but if they sell , the market will be in great danger .
 the involvement of big company is both a blessing and a curse but if the history really repeats then we are safe now  .
the stability of the price is a sign that it wont go down anymore but it can only recover and rise until the year ends .

[kryptqnick]

Many posts lately claim that this cycle is looking more like 2013 than 2017 bullrun if we take into account what patterns is price following with some serious price dips esp. 60% in april 2013 compared to this one 50%. then we remember price started to climb from $140. this time we were at 30K. I believe we will see parabolic price move till the end of year instead of crypto winter following after 60K ATH was reached. Price didn't fall below 30K but is stable around 35-36K. History shows big move ahead is probable.

I think it's correct and we're entered the bearish market. The price dropped very significantly, and there are no signs of recovery for now. I hope there won't be additional tought events, pushing the price lower than $30k or something, and I'll be generally happy if the price simply stays above $30k as it seems to be doing now. People get excited and buy too much out of fear of missing out, and then they start backing off because something cannot become so much more valuable over such a short period of time without significant reasons like new technical developments.

[pawanjain]

May be that is true and may be it isn't but the charts show that bitcoin is ready for pumping up again.
According to my analysis if bitcoin breaks $38300 then it will soon cross $42k and might settle down somewhere above that price.
Currently BTC is at $38k and I believe in next one or two days we might see some green gains in bitcoin. 
If it follows the 2013 pattern then may be this might be the beginning of the pump we all are waiting for.

[nightxglow]

If it's considered as 2013 cycle, then isn't it a good thing? As far as i remembered, a lot of people wanted to go back to the past where the price is still low, or regret the fact that they didn't buy sooner. So while the price is low again now, shouldn't we make the right decision this time?
I guess market will always be repetitive, it will always be up and down, since it's a cycle. We just need to be patient and wait until it reaches the top again, so that we won't regret doing the same mistake twice. Keep believeing and keep holding.

[danherbias07]

We have nothing but history alone to rely on and I'm guessing this is also not a financial advice.

Aren't we rushing the climb of Bitcoin value just because we already saw a $60k price?
From 9k last year June 2020 to $36k now, that's a lot of money added if you consider the pandemic (Covid-19), economic problems and people losing their jobs.
I say this is all good. Really good. If this stays until the end of the year then we could also conclude we have a new bottom and that is a crazy price if you are an average person.

[tyz]

Many posts lately claim that this cycle is looking more like 2013 than 2017 bullrun if we take into account what patterns is price following with some serious price dips esp. 60% in april 2013 compared to this one 50%. then we remember price started to climb from $140. this time we were at 30K. I believe we will see parabolic price move till the end of year instead of crypto winter following after 60K ATH was reached. Price didn't fall below 30K but is stable around 35-36K. History shows big move ahead is probable.

You are looking for patterns that can't exist like that. I have experienced all three phases intensively and I can say that the situation in 2013 was not comparable to the situation in 2017 and certainly not comparable to 2021. The basic conditions in all three phases were completely different.

[serjent05]

Many posts lately claim that this cycle is looking more like 2013 than 2017 bullrun if we take into account what patterns is price following with some serious price dips esp. 60% in april 2013 compared to this one 50%. then we remember price started to climb from $140. this time we were at 30K. I believe we will see parabolic price move till the end of year instead of crypto winter following after 60K ATH was reached. Price didn't fall below 30K but is stable around 35-36K. History shows big move ahead is probable.

Well, who cares which pattern it replicates.  What important is for Bitcoin to recover its price after this dip.  I highly believe that there will be another huge rally for Bitcoin before the end of the year.  This dip had enabled many to buy Bitcoin at a huge discount especially those who we are referring to as whales.  Once their stash is filled up, then we can see a massive increase in price again before we enter another Bear Market.  These "whales" need to unload at a profit before they let the market enter the bear season.  So I think Bitcoin will surge one more time.

[ropyu1978]

it is undeniable that 2021 is worse than 2013 and 2017, but in my opinion this is the development of the times, we can't compare it with that year, because in that year not many people studied bitcoin, now times have changed, it can even be said that almost 50% of people already using bitcoin, so I think it's natural, all of that happened..

[isaac_clarke22]

~

It is simple. Don't overcomplicate it that price will dip at some point. Whales dumping and taking the opportunity to get the coins of those weak hands. The usual bear and bull trend. Nothing much more.

~

Could be also that what happened in 2019 where BTC fell to <3k.
It was heck a real test for weak hodlers.
Btw, June 2021 Special coming soon?

[AakZaki]

If it's considered as 2013 cycle, then isn't it a good thing? As far as i remembered, a lot of people wanted to go back to the past where the price is still low, or regret the fact that they didn't buy sooner. So while the price is low again now, shouldn't we make the right decision this time?
I guess market will always be repetitive, it will always be up and down, since it's a cycle. We just need to be patient and wait until it reaches the top again, so that we won't regret doing the same mistake twice. Keep believeing and keep holding.

You're right about the cycle repeating itself. the market goes up and down and the same cycle is possible.
a market crash like today is an excellent opportunity to get into bitcoin or any other altcoin. Because the increase is coming soon.
having some reserve funds is very important for the current bearish situation.
the possibility of bitcoin prices reaching $100k it could happen, nothing is impossible in the world of cryptocurrency, everything can happen quickly. it's only a matter of time.

[OgNasty]

Charts may look more similar to 2013, but that's it.   In 2013 blockspace wasn't a major issue.  Nobody expected the price to rise.  Investment by those using the Greater Fool Theory was non-existent.  Community projects were flourishing. 

The community today and the Bitcoin experience when using the protocol is much different from 2013.  Everyone is expecting price increases now, community projects are few and far between, there's tons of altcoin competition, etc...  We are seeing 2017 repeated, only this time the big funds want to leave the little guys holding the bag so we'll see more mainstream investment through Wall Street Funds where they can take your money, charge you for holding your crypto, then stack and watch their management fees rise.

[harapan]

History always tend to repeat itself. At first I was thinking that the current market cycle would flourish like that of 2017 bull season but my opinion has changed like yours as I've watched keenly of all that has happened in the market since bitcoin touched the all time high price before going down for a not so lengthy price correction. But it is different this time in the sense that even we have mainstream and institutional investors buying at current market prices whenever they're ready to do so. We still need sometime in order to finally which histories is going to be repeated.

[jumptheramp]

I scattered my oracle bones around a minute ago and you know what? They say the same exact thing!

Jokes aside, this 30k range stability does feel very reassuring.

[dansus021]

When we look at the crypto market in general, we can see that it has shown similar movements for many years. But this time big companies got involved. We may see a different movement.

Total agree even tho tesla doesn't accept bitcoin right now which is sad and make btc hard correction, but company like micro strategy keep investing in it  paypal and venmo have recent good news master card and visa also do the same
citi bank and other bank start implemented blockchain system and maybe stablecoin backed government happen in next couple year

[Rajamuda]

Sometimes everything can be said it same coincidence as the previous year, but after all we do not know for sure the development of bitcoin in today's society, and many new people are also familiar with bitcoin. Not only that, of course it will be influenced by various things that can affect it, I personally think it will be more powerful than previous years related to the progress of the financial world, especially in terms of alternatives.
Just think positive, I'm sure it was more shining.