will bitcoin ever go down like 2018-2020

[leea-1334]

In fact, even during the 2020 pandemic, bitcoin prices are still going up. different from 2017-2018 ago, the decline in bitcoin occurred because so many FUDs such as banned from china, google, social media, and others, pushed the price of bitcoin quite far. however, current conditions are very different from previous years. Currently, there are already very many investors and support for bitcoin. even some of the big companies that banned bitcoin again opened up access to it. well, we can see it, although the decline was quite far from $60k, but now the bitcoin price is crawling little by little back towards its ATH. this is clearly very different from the previous year. in fact, I believe a new ATH will also be achieved this year.

I have to agree here,,, 2017 dumping was, if we are honest, because 20k was too high a price for Bitcoin at the time. A lot of heavy speculating,,, people borrowing huge money sums to invest, and of course ICO craze which needed people to buy BTC to participate in.

Very different from 2021 where BTC is for sure worth the price it is today if not more, especially with all the recognition from many more countries since 2017.

[lixer]

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

It will never be like that, that was 80%+ drop that stayed like that for months, we still do have drops, just like very recently, but we are not going to drop 80% and then stay there for months. That was a very difficult period and it took us a lot of time to recoup those losses. I believe that we should not be worried about the price drops though, because we have seen that even during those times if you had absolutely no money at all, then you would be able to work for it, but if you had money then you would definitely bought some and profited by this time.

Even with the recent drop we are nearly 10x higher than the bottom of those periods which shows us how strong bitcoin is. Which means if there are big drops this year (which I doubt will happen any further) we could simply keep it going and buy more at the low price to profit later on.

[judas]

It is really hard to tell. In that period, Bitcoin went down to even $3k which was really horrifying to see but also a golden opportunity to accumulate more. In my opinion, Bitcoin price will not go down to a that low level from now on. Maybe we can see a level like $20k again but I don't expect the price to go down to one digit levels certainly. There is a dump in the price now and maybe it will go down to an even lower level in the coming days. But I don't expect it to reach even below $30k.

[Woodie]

Price will always go down or up depending on different factors of the market, it could be bad regulations being passed and a crash could be used as a way to protest this move, sometimes this happens because selling orders which were pending get  filled which sees price dip if they were more in the market than we had buyers.

But going as low as the price we saw in 2018-2019 I doubt it.

[RealMalatesta]

It will never be like that, that was 80%+ drop that stayed like that for months, we still do have drops, just like very recently, but we are not going to drop 80% and then stay there for months. That was a very difficult period and it took us a lot of time to recoup those losses. I believe that we should not be worried about the price drops though, because we have seen that even during those times if you had absolutely no money at all, then you would be able to work for it, but if you had money then you would definitely bought some and profited by this time.

Even with the recent drop we are nearly 10x higher than the bottom of those periods which shows us how strong bitcoin is. Which means if there are big drops this year (which I doubt will happen any further) we could simply keep it going and buy more at the low price to profit later on.

We can't say that it will "never" be like that, but it does look improbable right now. I understand that people rather not see bitcoin drop too much ever again and whenever it is about to drop, people end up buying even more. Like just recently the crash wasn't from 52k to 46-47k levels, it was actually from 52k levels to 42k levels, it was a serious drop.

However from 42k to 46k it recovered very very quickly, like nearly instantly. The reason for that is the fact that we are were in a bull market and people are not willing to let it go just yet. We still had a bad day, the recovery didn't last very long, the 47k+ prices dropped to 46k again and equally in other coins as well. However the reason why I believe it will not be like 2018 is because we don't have the same feeling towards crypto as a community. However I still think it is not never", it could still be a small possibility.

[tygeade]

2019 started with around 3.5k dollars and ended with 7k+ at the end, even had a rush to 14k at the middle of the year as well, so I do not know why you would say it went down during that period. 2020 was the start of this bull run and started with around 9k and ended with nearly 30k price as well, so that was 3x that we had in 2020. Only year in bitcoins existence that had a big fall was 2018 and that's it, we never had any year like that and never had before it as well.

So, no I do not think that we will have that kind of fall again, we will be doing fine and the price will keep on going higher and higher in the long run. It may take a while to break ATH, or 100k which are the two goals people have but they will happen, even if not tomorrow, it will happen in a year and I can wait for it for sure.

[bots1]

I think the phenomenon of bitcoin crash like 2018 is difficult to repeat. The current Bitcoin trend is quite surprising. A number of analysts and traders do not predict that BTC will pump like it is today. This makes the market excited again the price of bitcoin and altcoins began to fly. However, in conditions like this, you must remain wise and careful. The current Bitcoin candle pattern shows a double top pattern. That is, in a pattern like this the market movement leads to two possibilities. Continuing the upward trend or even bouncing back down.

[Fortify]

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

Considering that in the current year it went to $65k and then dropped to around $30k, something similar has already happened. It might have been an even larger correction but lots of large financial institutions and their customers have been piling into cryptocurrency in the last year, that gave it a bit more staying power because those sort of people do not need to sell in a panic. The start of Covid also caused quite a large drop off, so we've seen that Bitcoin is not invulnerable to wider economic shocks and might crash again during an economic recession - when people need to take money out to survive or pay their monthly mortgage payments. Don't trust anyone who can claim to predict the low points.

[JohnBitCo]

In fact, even during the 2020 pandemic, bitcoin prices are still going up. different from 2017-2018 ago, the decline in bitcoin occurred because so many FUDs such as banned from china, google, social media, and others, pushed the price of bitcoin quite far. however, current conditions are very different from previous years. Currently, there are already very many investors and support for bitcoin. even some of the big companies that banned bitcoin again opened up access to it. well, we can see it, although the decline was quite far from $60k, but now the bitcoin price is crawling little by little back towards its ATH. this is clearly very different from the previous year. in fact, I believe a new ATH will also be achieved this year.

I have to agree here,,, 2017 dumping was, if we are honest, because 20k was too high a price for Bitcoin at the time. A lot of heavy speculating,,, people borrowing huge money sums to invest, and of course ICO craze which needed people to buy BTC to participate in.

Very different from 2021 where BTC is for sure worth the price it is today if not more, especially with all the recognition from many more countries since 2017.

No, 20K was not a high price in 2017. People can argue that 62K was also a high price for bitcoin infact it is not. If you know the full potential of bitcoin, then you will realize that bitcoin will go beyond imaginations, this 50-60K price of bitcoin is still very cheap.

[sukmo]

We can only analyse and predict it and it is very difficult to predict the price 99% correctly.
The rise and fall of the price of bitcoin has become commonplace.
In that position our mentality is tested.
Faith is the answer to all this time that I've been doing.

[Rasa nanas]

I think the phenomenon of bitcoin crash like 2018 is difficult to repeat. The current Bitcoin trend is quite surprising. A number of analysts and traders do not predict that BTC will pump like it is today. This makes the market excited again the price of bitcoin and altcoins began to fly. However, in conditions like this, you must remain wise and careful. The current Bitcoin candle pattern shows a double top pattern. That is, in a pattern like this the market movement leads to two possibilities. Continuing the upward trend or even bouncing back down.

yes, most people think the price drop like 2018 will repeat itself this year. but no one expected if bitcoin was stuck at $ 30k and the price immediately went up again. This of course makes a lot of people miss an excellent opportunity to buy bitcoins at the $30k point. after the price drop that happened a few days ago no one knows if the price of bitcoin will go up or the price will continue to fall.

[xmonkeyx]

I don't think it will happen again even though the price of bitcoin will go down later I don't think it will be as low as the price in 2018, now the price is very high compared to a few years ago and the users are also increasing. so according to my prediction it will not happen again.

[South Park]

Let's not forget that the main reason why BTC became so cheap in 2020 was because of CoViD, many want to survive that's why they sell off their coins and there was major panic around the world, I'm positive that we aren't going to see bear markets as harsh as those of 2018, 2019 and early 2020 again

Anything can happen in crypto market but I don't think Bitcoin will lose it's value like previous term. Yes, at the time of COVID-19, many people sold their bitcoin to survive. Most of the time people sell Bitcoin because they haven't strong believe in it.

We know that things can change incredibly quickly in this market but I agree with you and I doubt that we are going to see something like what happened back then, and the reason is simple what we thought it was happening in 2017 did not happen until 2020 and 2021, we thought that we were close to mass adoption but that was not true, but now we are getting closer to that goal, institutional investors are now part of the market and now even a country has declared bitcoin as a legal tender, so those are some very bullish signs that cannot be ignored.

[ranaprime]

The price of Bitcoin has no chance to go back to the previous position because now there is a lot of investment in Bitcoin all over the world so I don't think it can go below the minimum of $25,000.

[Reatim]

The price of Bitcoin has no chance to go back to the previous position because now there is a lot of investment in Bitcoin all over the world so I don't think it can go below the minimum of $25,000.

Wait but since when there are minimum price for Bitcoin ? in 2017 says there are many investors but yet the price in 2018 subside more than half of that.

in 2019 the price is getting recover from the huge loss of 2018 yet the price drops high in 2020 when the corona Virus becomes pandemic .

so tell me How can you assure that status for bitcoin?

the right answer is no one knows if that may come or not .

[redsun114]

The price of Bitcoin has no chance to go back to the previous position because now there is a lot of investment in Bitcoin all over the world so I don't think it can go below the minimum of $25,000.

Wait but since when there are minimum price for Bitcoin ? in 2017 says there are many investors but yet the price in 2018 subside more than half of that.

in 2019 the price is getting recover from the huge loss of 2018 yet the price drops high in 2020 when the corona Virus becomes pandemic .

so tell me How can you assure that status for bitcoin?

the right answer is no one knows if that may come or not .

We know that it will be fine because the temporary falls are fine. The start of 2020 was around 9k, the fall on march was under 4k, and by April/May we were 10k already. So yeah, we do have crash falls sometimes but recovery is very quick. The 2018 was not like that at all, it went down and stayed down and that is what everyone was afraid of, if it goes down like that again and stays down like that again for a long time.

But 2021 didn't happen that way, sure we are still not back to ATH that is true but that 30k did not stay for too long neither. This is why I think we can compare 2021 to 2020 or even 2019 and not with 2018 because that was rare and did not happen again. A whole year of bear run is unlikely to be seen again.

[Vaskiy]

The institutional adoption and common usage of cryptocurrencies have increased with time. This is connected by most of the users as a reason why we won't experience a down market within specific year. In my understanding I haven't thought of reaching such high, so same as the high value it could also go low. Everything is upon a cyclic pattern.

[Emitdama]

2019 started with around 3.5k dollars and ended with 7k+ at the end, even had a rush to 14k at the middle of the year as well, so I do not know why you would say it went down during that period. 2020 was the start of this bull run and started with around 9k and ended with nearly 30k price as well, so that was 3x that we had in 2020. Only year in bitcoins existence that had a big fall was 2018 and that's it, we never had any year like that and never had before it as well.

So, no I do not think that we will have that kind of fall again, we will be doing fine and the price will keep on going higher and higher in the long run. It may take a while to break ATH, or 100k which are the two goals people have but they will happen, even if not tomorrow, it will happen in a year and I can wait for it for sure.

No one can give perfect prediction about cryptocurrency and specially Bitcoin because this can go either way any time bitcoin is decentralized and no one have control but recently whales playing good game and have some good profit from their tactics but still we are sure about this it's never going in way as its happen in 2018 because now adoption is happening, and we have some big and good names of technology working on better ways for spreading this and do some good things for easy life.

Even we all sure now it's not going to happen again, but still no one know what is next in crypto world.

[mr500]

As of lately crypto currency is one of the best investment platform. Bitcoin's price has soared the past three months from $33,36k to over $52,000 U.S. dollars per Bitcoin, as companies such as Tesla, PayPal, and Square have emphasized buying reserves of the currency and making it possible for customers to transact in the currency. It is the great power on behalf of bitcoin that is why I think that there is no chance for bitcoin to go down like 2018 as the price $4k.

[mr500]

We saw before the lowest downfall when BTC price was $25 but last three to six months the price ups $52k and down $33k around eventually so the whole senario at the crypto era gradually more complicated . predictions speculations over embatiousness there are happening and will be so let's see what happens next .