will bitcoin ever go down like 2018-2020

[King Khaizan]

The price of Crypto Assets depends on the balance of supply and demand. This is the law of the market. When a Crypto Asset is popular and in high demand then its price will go up. Vice versa, if supply is high and demand is low, prices will fall.

News or media coverage can affect the price of Crypto Assets. An example would be if there is news of a hacker attack on a crypto server, or good news regarding the adoption and infrastructure behind crypto technology.

so this is the reason for bitcoin price fluctuations, it may go up or down depending on the issues that develop.

[Devifajarina]

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

This year and the year to come bitcoin will experience good times, compared to 2018-2020, this can be seen from the crypto market conditions, the level of stability today guarantees the value of bitcoin for the future, it is impossible for bitcoin to experience conditions 2018-2020.

Almost all the predictions made by people, both investors and ordinary people, none of them mention bitcoin is having a difficult time this year, in fact people believe that in the future bitcoin will experience good times and be much more stable, from year to year.

[flip4flop]

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

[Oceat]

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

Well, we can't say no since Bitcoin price has been unexpectedly unpredictable no matter what we do and the possibility that Bitcoin goes down like that might repeat again but the price difference is huge. I mean, if we have a bottom of $3,000 on 2018 maybe next year or in the coming years we will have a bottom but it might not be $3,000 again, it might be in $10,000 range or something like that.

We can't decide what will going to happen in the future but let's just hope it will bring it that because Bitcoin never fail us to see price the increasing every bull market.

[CaVO32]

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

I want to follow what will happen in the next few weeks and how the situation you laid out here will affect the market. Or the bitcoin market will oppose what should be happening? We know that btc market is full of surprises, it can pull a different turn when nobody expects it to be. Remember, couple of weeks ago, people are speculating that btc will go down even to 20k level. And look at where we are right now, trying to reach 50k again.

[Devifajarina]

I think its very possible and likely probably in the near term. It looks like it is starting to follow the overall stock market in general pretty close. That being said as we approach tapering and some serious US Fed news next week in Jackson Hole there is a potential to see some accelerated selling in the stock market. With so many US institutions now holding BTC when there is a large sell-off in the stock market over the last year, we see the price of BTC also decrease. I hope that I am wrong but I don't doubt the possibility of a retest of the lows from a few months ago sometime between now and Oct.

For this reason, it is necessary to accelerate sales on the stock exchange, to see how far bitcoin can withstand the attacks of many people, in the past bitcoin actually experienced this often, even worse than now, so the chances are small in my opinion.

But anything in the crypto world can happen, without planning or doing it on purpose, especially when it comes to influential people, then this is something the developers are very concerned about, it's very likely to happen, but I don't think so anytime soon.

[Kyraishi]

Contrary to some of the bitcoin permabulls, I think that it is expected and totally healthy for a pullback to occur pretty soon.

As central banks start raising rates and people's risk appetites die down coming out of the pandemic, I think that it will inevitable that a portion of the retail interest will decline.

One thing is for sure though, I don't think that we would see anything as close to the 2018-2020 bear market, because there are now billions of dollars in institutional funds ready to buy up cheap coins as they come.

[asrinur]

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

[arwin100]

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Situations are different as mass adoption slowly growing year by year so we cannot expect the dip the same as 2018 since the complexity before is not the same right now. We already witness it this bear season recently and we exit so early so we can really look forward that more pumps will come in next following days, It's good to save some now since I think in next halving we might see bitcoin touch at 6 digit in figures.

[Yaunfitda]

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

2018 bitcoin crash was obviously a panic selling waiting to happen, we have reach the bubble that time late December 2017, we are in the overbought zone and yet there are a lot of uneducated buyers that time who thinks that bitcoin will continue to go up.

2020-2021 is different though, we have companies having bitcoin in their balance sheet, and then there are institution who have invested on billions in bitcoin. And then we've been tested by the covid-19 scare but we survived it.

[boyptc]

I don't think Bitcoin Price will drop like 2018 anytime soon.

Even it is very volatile, that's unlikely but we will never know.

There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Don't look at it at the daily moves.

It's in better perspective and view if you look at the yearly gains and lows.

[bocyaj]

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Situations are different as mass adoption slowly growing year by year so we cannot expect the dip the same as 2018 since the complexity before is not the same right now. We already witness it this bear season recently and we exit so early so we can really look forward that more pumps will come in next following days, It's good to save some now since I think in next halving we might see bitcoin touch at 6 digit in figures.

Bitcoin was keep rocking now. The price was pump to now and many coin price was raised with that.Many traders are in good mood now. Because they will get minimum of 10 dollars profit with the minimum investment of 100$.This made huge surprise to the investor in the month end.

[carlfebz2]

I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.

Situations are different as mass adoption slowly growing year by year so we cannot expect the dip the same as 2018 since the complexity before is not the same right now. We already witness it this bear season recently and we exit so early so we can really look forward that more pumps will come in next following days, It's good to save some now since I think in next halving we might see bitcoin touch at 6 digit in figures.

Bitcoin was keep rocking now. The price was pump to now and many coin price was raised with that.Many traders are in good mood now. Because they will get minimum of 10 dollars profit with the minimum investment of 100$.This made huge surprise to the investor in the month end.

This is a never ending type of question on where people do keep asking out that if bitcoin would possibly have the similar situation happened into those previous years in the past?

No one could ever know and thats for sure.We didnt even expect that bitcoin could reach up upto 60k ATH which we are only hopeful that it could break that ATH of 20k back in the past.

Asking out if there would be some similar situations then it will always depend or vary with the demand that bitcoin would have.If adoption and recognition is somewhat high compared into the past
then it is unlikely for it to happen.

[OgNasty]

Looking backward you can definitely identify a repeating fractal pattern every 4 years. The stock to flow model seems to capture the long term effect, but it’s hard to ignore the pattern of gut wrenching drops that follow these every 4 year bubbles. I don’t know if this effect will become exaggerated as more people discover it, or if that will cause it to discontinue. One thing is for sure, I never discount a possible 80% drop. 

[Erdogan]

Looking backward you can definitely identify a repeating fractal pattern every 4 years. The stock to flow model seems to capture the long term effect, but it’s hard to ignore the pattern of gut wrenching drops that follow these every 4 year bubbles. I don’t know if this effect will become exaggerated as more people discover it, or if that will cause it to discontinue. One thing is for sure, I never discount a possible 80% drop. 

It's hard not to notice the repeatability every 4 years - especially because it was related to halving.
However, the situation has changed a lot recently, mainly due to a change in the approach to cryptocurrencies by Musk and Wall Street whales.
I think we have to forget about the 4-year repetition period and prepare for a slightly longer than usual bull run. After that, there will of course be an 80% decline, but I am pretty sure it will not happen this year.

[blue_nexus15]

so yea like will ever just stabilize really low like in 2018 and 2020?

We cannot confirm whether the market will return or not when the history of the years 2013 - 2017 is very special, and in it is also mixed with gloomy market cycles. So I don't think the market in 2021 can turn around, and next, let's see what the symptoms and possibilities are in 2022, we are enjoying a lot of opportunities to go now to history 100k$
After every btc halving we have a big bull cycle.

[marine4u]

History is a process, representing the rate of a repeatable error in the future.  We can't know about that, but I think that as the market has gone through the thorns from the past in 2018-2020, many lessons and experiences about the market have been drawn.  At the same time, the possibilities of externalities are showing renewed optimism.  In fact I feel we should enjoy the goodness and growth of this space.

[Kelvinid]

I'm looking forward to a better price today and in the future, not for another crisis again. I think we all have this kind of optimism but we are not sure of anything for the incoming, and the chances are...we are in a dump like 2018 or go in a different direction.

Seeing the current market trend, it is likely we are losing a chance to make it happen. The continuous market adoption makes the market in high demand pulling the price going up instead of pushing it down despite the FUDs. It was time not to think and compared the past OP as we are obviously moving in a different direction.

[molsewid]

I'm looking forward to a better price today and in the future, not for another crisis again. I think we all have this kind of optimism but we are not sure of anything for the incoming, and the chances are...we are in a dump like 2018 or go in a different direction.

Seeing the current market trend, it is likely we are losing a chance to make it happen. The continuous market adoption makes the market in high demand pulling the price going up instead of pushing it down despite the FUDs. It was time not to think and compared the past OP as we are obviously moving in a different direction.

I've seen the bitcoin market when it nearly hit a $20K market value year 2017 and I've also seen the drastic market price dropped of bitcoin after the ATH and I can say that I don't want to see that crisis again. However even if I don't want it we can't predict what will going to happen in the future price of bitcoin I am just looking forward for the better price of bitcoin. And I believe that the market situation of bitcoin today is far different compared to the market last 3 years ago and the people keep on adopting the new currency, the FUD didn't matter anyway because now many get to see the true value of this platform.

[StreakW]

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

I think anything can happen anytime. Cryptos are notoriously volatile, sometimes it's almost impossible to tell the reason behind price changes. For this reason alone, it becomes almost impossible to predict the future of Bitcoin with the best accuracy. Your best bet is to keep in mind the opinions of economists, crypto enthusiasts and other professionals in the field. However, in the end, you always have to make your own decisions. No one can be 100% sure about the future of cryptocurrencies in the market to date. everything is mostly just speculation or structured conjecture.

Another factor that makes bitcoin's future seem unpredictable is that its users are not increasing as sharply as they were in 2018-2020. This indicates stagnation. In fact, mass adoption is not happening as quickly as crypto players might expect.