Are we in 2017 again? How do you feel about the price chart today?

[JustAnOtherLoser]

Hi Guys & Girls,

first of all: I'm sorry for this rather boring Thread. I know BTC is way more than a price moment upwards (in theory),
but let's be realistic for a Moment: More BTC is always nice to have, so why not think about some recent movements?

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.
After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in
another winter till the next having. It does not feel like 100k will happen. I don't care and it's not important to me,
just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k?
I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now.
In my real life I'm more or less the outsider with my Opinion about BTC changing the whole Currency System.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?
Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

[NotATether]

All price indicators in Q1 2021 were showing we were heading to a boom after we passed $60K until that blight Elon Musk ruined it and the torrent of hysteria news from "pundits" about cryptocurrencies came down  

It is different from late 2017 when inflated miner/block/etc. expectations severely overvalued BTC.

But it seems we are slowly recovering from that shock, remember that we had just tested the $30K-$40K range for quite a while and the fact that we remain above it is a good sign. We even hit $42K in the last few hours.

[20kevin20]

I think, we could, we might, the price would ... it's all nonsense if you think about it. Even if the majority of us say the price should be much more than it currently is, our opinion is worth about nothing in the end. The market still moves according to the news, the new investors' moves, whales and so on.

You're on a Bitcoin forum anyway, so expect the majority of the answers to be positive. Bitcoin is still early, it might very well still be very cheap as well. A move from $40k to $400k might seem very hard, but it might turn out to be as easy, if not easier, than the move from $6k to $60k was. The secret word is might. Things are uncertain, the market is volatile.. at the end of the day, Bitcoin just moves in whichever direction it wants to.

[Sweetbtc]

BTC is total decentralize token and its price depend on buying and selling. Good or bad News have a great impact on its price. After reaching 60k Elon and China news create fear in market and we had seen 30k . now fears has been over and investor buying many coins alongg with bitcoin.
I think we are out of the mud so to say.. But we aren't In the clear yet, resistance around 42k will be a make or break moment & then Should be smooth sailing if we can break through it.

[randegibran]

I think it might happen anytime and anywhere, even though we can see the graph of the decline that occurred this year, it really makes us as investors feel a little pessimistic about what is happening at this time, but we are also very optimistic that things in the past will definitely happen again in the future, considering the implementation of this business is very long term and this is interesting for us to look forward to

[Porfirii]

Even if it is nonsense to speculate about the price we believe will be by the end of the year, as stated above, you are asking about feelings, so I will share mine. After three years of bear market I really think that, if the conditions are auspicious, we will se a great surge in the last quarter of the year, just like in 2017. Maybe the recall of that time in many investors mind will lead to repeating it, intuitively when not consciously.

[YOSHIE]

Two options for current Bitcoin users.

1. In the first option Bitcoin continues to rise at the level of $70,000 at the end of 2021.
2. The second option Bitcoin continues to fall and can reach the lowest level as happened in 2019.

With these two options, most people hesitate in predicting the real Bitcoin price, you know negative news keeps coming as well as positive news, I judge that the two options are sure to happen, especially the movement of the charts and the development of the crypto market this year, overall from the observations and conditions of the current crypto market, I don't think things are bad, certainly for now trading time-to-time is a professional move.

[Upgrade00]

Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

The fact that the Bitcoin community is still made up of a 'few' people means those who know about it now are early adopters, putting them in a good position for the future. All new innovations diffuse slowly into the society, happened to internet, which is now everywhere in the world. Bitcoin is at the stage the internet was many years ago and has huge potential for growth both in users and value.

I voted for $100k or more, but it doesn't matter really, price speculations are unnecessary in th long run. Just buy and hodl.

[mk4]

The community's sentiment towards bitcoin's price seems to shift back and forth since the past few months, almost immediately shifting after every 5-10% price drop/increase. In summary, bitcoin's price is pretty much unpredictable as per usual lol. I think it will continue to greatly surprise us whether it's due to a huge upward or downward price movement.

[Tim-BTC]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

[franky1]

2021's $60k was not a sustainable value.. it was highly inflated compared to mining costs at the time
much like 2018's $20k
(both occassions bound to correct down)

2018 had some mining drama that tanked the price down to $4k
much like 2021 had mining drama that tanked it down to $29k


the settled value level of mining bottom line was year average (pre and post mining drama)
2018 ~$5k
2021 ~$25k

so expect good value bottom line(the new ZERO)
2018 ~$5k
2021 ~$26k


anything above that is just speculative human emotion price decision. that no one can predict
all you can do is watch the hashrate, convert to actual mining cost(including hardware) for different regions of the world to see the different layers of support in human decision to mine(to sell) or to buy(to hoard)

america is mid $30k. so this mid $30k threshold is a pivot point of human decision change from mining to buying. which then accellerates the price up. or down depending on where the price sits
(china/iceland always have cheapest mining so dont even worry about their pivot point, they are part of the bottomline(new zero))

UK/EU are above that. (so right now they are TEAM BUY) as its too expensive to mine right now
germany/japan for instance has a moning cost of about $52k. so they are team buy. and as the most expensive mining region. they are part of the 'demand' play that gives up buying above that amount which then causes the price escalation to drop off/maxout (no one wants to buy if they can mine for cheaper).

[Ozero]

It is unlikely that the price of bitcoin will change very quickly, as we want it or are afraid. Why should the price of bitcoin be still falling or rising sharply now? Relax, anyway, until the fall, I don't expect too much bitcoin price movements in either direction. Now the price of bitcoin is at the level of 40,000 dollars and I do not think that with such a high price, we will call the subsequent, possibly long period of price calm, crypto winter. In any case, I do not think there will be no rise in cryptocurrency prices in the fall. We already have a very wide variety of good altcoins and they will play a prominent role in this market. At the same time, the price dominance of bitcoin will inevitably fall. He will have to make room.

[isaac_clarke22]

~

Ah yes, I remember that "65%" loss. The price that time was around 3k-4k if I can recall the charts correctly, but I know Bitcoin stabilized above 7k for so long before it dropped way way way below that. I wonder how many people panicked in that year only to find out that Bitcoin went back to 10k. Many people called it "bloodbath" due to the ATL that time.
About my thoughts for the price movement, I would buy more if it went down and would hodl it again til we reach another ATH though that will surely be way longer time to wait, but I am good with it.

[pooya87]

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.

2018 was a bear market and you can't expect any recovery in a bear market as price kept going down during 2018 and remained down until next year.

After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

The "crypto winter" came after the 2017 bubble and for the altcoin market it was due to them being over-pumped and none of them have been able to recover even after 4.5 years.

Now, in 2021 we're at a +25% after about 50% loss before.

If you look at 2017 it is filled with 30%-40% drops and yet price went up more than 20x!

It does not feel like 100k will happen.

Why?!

I don't care and it's not important to me,

Then why mention it

just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k?

Stock to flow is just something people use to satisfy themselves about why price goes up. The real reason is adoption and as long as it is growing price will go up.

I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now.

That's not new. There have always been people who felt threatened by bitcoin or were severely misled about it and there will always be a lot of them around. You can't use this as a reason why you think price isn't going up.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?

I'm feeling the same way I felt 7 years ago when I started using bitcoin, it has a lot of potential to grow and hasn't yet reached mass adoption. It also doesn't matter that the "1 trillion" number is scary to some people, $40000 was also so scary to some people at some point.

[buwaytress]

Does tempt you to really make the comparisons, doesn't it? I've only been in that one cycle, moment for moment, and it was my first, so I was quite closely following so I remember it quite well. But what I do remember the most is what happened in the months leading up to when Bitcoin touched its old ATH around 1400 (?) and how a lot of people had given up and didn't really give me much optimism as a newcomer.

But from the time it breached 1.3k again to that eventual 20k peak -- 10 months it was pretty much "everyone on board and this is going way more than we think".

Not very similar to this cycle in terms of sentiment I'd say, where even from 20k (Dec) to 63k (April), there was a lack of "wee we're going to the moon". Perhaps because the moonbois were all in alts already and "DeFi". And it's an underwhelming 4 months of 3x, rather than 10 months of 15x (ATH to ATH).

So while I tend to believe the winter cycle will arrive, I don't sense that we're quite done yet, nor that we'll see the same hypercycle of 2017 or previous ever again.

That's my feeling here and now anyway.

[franky1]

just stock-to-flow

Stock to flow

stock to flow is a false graph of hope..

the stock metric. actually contains a price element..

so ofcourse they are going to correlate..

however if you take a real stock-flow of bitcoin without a price manipulation

its not this
         ___
    __/
 _/
/

its this


the manipulated stock to flow. is in step formation that matches price formation.. because the steps are the price.

so its not predicting anything its using the price to manipulate the stock to flow to resemble the price
in short. stock to flow is a meaningless chart

[awik p]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism.

logically at this time where the adoption of bitcoin is still carried out by only a few people around the world, even from previous research it seems that there are not yet 2% of the world's population, and until now the development of bitcoin is very significant, we imagine if later 25% of the world's population has adopted it, let alone getting support from the government, of course this will be a very big opportunity to invest in bitcoin. and until now, with existing experience, bitcoin seems to be unstoppable, because even though there is a lot of news against it, bitcoin is still developing

[bryant.coleman]

Check the monthly inflation rate (Consumer Price Index) published by the United States Bureau of Labor Statistics. The higher the inflation, higher will be the chances that Bitcoin will move upwards. So far, the signs have been very encouraging. For the month of June, inflation rate was calculated at 0.9% (many times the average rate). If the inflation remains at such high levels, then mainstream investment assets such as treasury notes and bank deposits will lsoe their attractiveness and the demand for Bitcoin will increase.

[Boov]

The poll survey can already answer all what you're going to know here, it depicts how really the market and surveys responded honestly because it's in their heart.
We're in this open discussion which seriously talks about what possible things that are probably be happening in the future. Though it's quite impossible, but people preferred to say more good thoughts instead of ranting for negative ideas.
Let's bare in mind those good factors that helped btc soar, and also prevent toxic mindset to change our visionary towards cryptocurrency's future.

[CryptocurencyKing]

Well uhmmm, it's had to say 9n making comparison with what you didn't experience first hand but, I can recount that I've heard of the bullrun of 2017 far too long after the recent bullrun of 2020/2021 took places and not to have looked at it a little to understand what actually happened would feel like being in the wrong.

From the way its looking, the moves in the 2017 was as a result of long awaited whale investors of no particular kind which surfaced with the thrilling deposits on exchanges that followed the bitcoin halving, a halving that was experienced in the 2020 year, cutting down the price awarded to miners and following the events of the year which was the pandemic and Tesla further stepping in as a huge investor.

The moves in the market as it is now is very impressive following the what seems like a bear market exist but then, it seems a lot more different from the 2017 die to the change in the trends as to market determinant. Where a mare Tweet it a that it takes in place of actual investing.

[Rajamuda]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism.

[BigBos]

thinking about bitcoin today, I still like it, because it changed my thinking about how to make money. however, in terms of price, we never know what will happen. I think, there are still quite a lot of people who are paranoid about 2017-2018, when the bitcoin price went up to ATH and dumped badly. however, the current conditions, are very different from that year. we don't know if the price will dump again, and if we look at the current price, the price starts to recover and moves slowly towards the $60k price again.

Well, right now, I'm still looking to make money from crypto, and because of that, I'm still looking for information about bitcoin and other altcoins.

[michellee]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism.

Besides waiting, we can try to make money from bitcoin. That is the right thing that we should do because while we are waiting, we can see that our portfolio of having bitcoin will increase and we can take benefits from bitcoin. It is a matter of time for bitcoin to be more popular in the future and I am sure that will happen later.

So far, I am okay with the price chart and do not have a problem because I am trying to enjoy the up and down of bitcoin prices. And if I think I can enter the market and use the opportunity to buy low and sell high, that will be my chance to make a profit. Otherwise, I only watch the price and not doing anything except waiting.

[hello_good_sir]

No, we are not in 2017.

We're much further along this time given the large volume of institutional adoption. And markets have matured to the point where most big players in the crypto scene are no longer unregulated entities, but carefully watched organisations under the SEC.

The fundamentals are completely different despite the way that charts look being similar. And I would always go for fundamental analysis.

[dragonvslinux]

I wouldn't get caught up in Stock to Flow model too much, it was a great prophecy to worship around the halving and $10K levels, but now doesn't feel like it's really proven itself (until $100K is reached at least).

Personally I'm more of a fan of logarithmic growth, and although this chart would be better with an extrapolation of what happened in 2012 with a 50%+ drop followed by more upside, we are still on target for $100K+ I believe:

This thread reminds me to extrapolate 2012 onto the current 2021 bull market, as I'm sure it'd look a lot more similar than above.

PS - There was another hash ribbons buy signal that hasn't been seen since sub $20K in 2020 

[adaseb]

I think there are many here who were around in 2017 who have been bearish for a while, because they are getting 2018 PTSD pretty much. They all assume that $64K must of been the top and are preparing for a 80% drop on BTC and 90% drop on ETH. However I don't think this is 2017.

The way that price action is going it seems more like 2013. Where we topped in April and bottomed in July and hit new ATH in Oct/Nov before the blow-off up. This seems to be the current projectory. So most likely not much will happen until middle of September or early October. And we might get a blow off top in Dec or so.

[magneto]

I think that we won't necessarily see a "winter" per se this time round.

There is just too much institutional investment and actual fundamental growth for prices to collapse down to less than $20k. I personally believe that we will see strong support at that level (which was the previous bull run's major resistance) going forward.

Although, I don't necessarily expect the bull run to continue either - 6 figures is likely out of the question for now.

[Fundamentals Of]

The next halving is still in the year 2024. That is still very far from today. There are still 3 years more before it happens. So I guess it is still too early to talk of a crypto winter before that next halving takes place. And even if that crypto winter finally comes, I know Bitcoin's price is still a lot higher than today, more than $100,000 most probably.

Bitcoin not strong enough for $100,000 because people are having Bitcoin for all the wrong reasons? I don't think so. If people are buying Bitcoin for all the wrong reasons, that doesn't matter to Bitcoin. The way you use and treat Bitcoin is all up to you. But the moment you bought Bitcoin you already drove up the demand and contributed to the price increase.

[leea-1334]

The next halving is still in the year 2024. That is still very far from today. There are still 3 years more before it happens. So I guess it is still too early to talk of a crypto winter before that next halving takes place. And even if that crypto winter finally comes, I know Bitcoin's price is still a lot higher than today, more than $100,000 most probably.

Bitcoin not strong enough for $100,000 because people are having Bitcoin for all the wrong reasons? I don't think so. If people are buying Bitcoin for all the wrong reasons, that doesn't matter to Bitcoin. The way you use and treat Bitcoin is all up to you. But the moment you bought Bitcoin you already drove up the demand and contributed to the price increase.

Feels already like a long time actually for me since the last halving,,, and when we see that rallies usually start within a year of the halving, we are definitely according to the past in a rally now. Rallies also do not last long and then there is a period of 2 years before the next one so we definitely should not be thinking of a rally that goes into 2022,,,

[OgNasty]

The market seems to be performing exactly as expected for an end of year bubble just as it has in 213 & 2017. Right now we’re in that scary bear trap where there’s doubt developing in the market but I suspect that will all change in another month or two. Stay the course… The numbers won’t lie to you.

[hugeblack]

We will not repeat the scenario of the year 2017, the peak at 19.6k (2017) was temporary and was not healthy, the price rose a lot at that time and therefore it is wrong to expect that the price will reach 200K in December.

The good side is the increase in trust in Bitcoin and therefore the top at 64K will not be the highest peak for this year if the current optimism continues.

You notice that many people do not sell and some even buy more, so the upward curve will continue.

[Fundamentals Of]

The next halving is still in the year 2024. That is still very far from today. There are still 3 years more before it happens. So I guess it is still too early to talk of a crypto winter before that next halving takes place. And even if that crypto winter finally comes, I know Bitcoin's price is still a lot higher than today, more than $100,000 most probably.

Bitcoin not strong enough for $100,000 because people are having Bitcoin for all the wrong reasons? I don't think so. If people are buying Bitcoin for all the wrong reasons, that doesn't matter to Bitcoin. The way you use and treat Bitcoin is all up to you. But the moment you bought Bitcoin you already drove up the demand and contributed to the price increase.

Feels already like a long time actually for me since the last halving,,, and when we see that rallies usually start within a year of the halving, we are definitely according to the past in a rally now. Rallies also do not last long and then there is a period of 2 years before the next one so we definitely should not be thinking of a rally that goes into 2022,,,

On the contrary, I even think that at this time it is more reasonable to interpret price rallies to be effects of the previous halving rather than the next halving. The previous halving had just took place last year, and its effect was not expected to fully translate into a price increase immediately. It will take months before the shortage of Bitcoin reward will finally be felt by the market. So there is reason to believe that in 2021 the previous halving which was 2020 is much more influential to the current price than the next halving which will happen in 2024.

[adaseb]

Personally, the way that price is acting right now. I think that we might get a similar scenario as 2013. Where we peaked in April, bottomed out in July and peaked to a new ATH in November. However most likely it'll happen a month or two earlier or later. We might peak in Oct or in January or so.

Reason why is because most people I know personally, people on crypto twitter and people on this forum, they are very bearish and expecting a bull market. The transactions and mempool is basically empty and most people have already given up, which means the opposite will happen.

What will the new ATH be? No clue. However I don't think it will go higher than $100K. Too much resisatance in that area.

[leea-1334]

Rallies also do not last long and then there is a period of 2 years before the next one so we definitely should not be thinking of a rally that goes into 2022,,,

On the contrary, I even think that at this time it is more reasonable to interpret price rallies to be effects of the previous halving rather than the next halving. The previous halving had just took place last year, and its effect was not expected to fully translate into a price increase immediately. It will take months before the shortage of Bitcoin reward will finally be felt by the market. So there is reason to believe that in 2021 the previous halving which was 2020 is much more influential to the current price than the next halving which will happen in 2024.

I cannot disagree,,, except as I said the rallies in the past always started around 6-12 months after the last halving,,, which actually seemed to correlate when we saw the end of last year, which was 6/7 months after the last halving.

And the rally itself lasts about a year so we are approaching soon that mark of one year. This is why I say 2022 should not be a continuation.

[Lucius]

~snip~

Halving has its effect, I personally don't think we've seen the best of it yet - and everything that started happening last year at this time is actually the result of the price we have today. I am thinking of the rather large investments from companies such as MicroStrategy, Grayscale, Tesla, and PayPal's entry into the crypto market.

Consequently, we can assume that there will be no replay from the end of 2017, and that the price could continue to rise because there is more than obvious demand - how else to explain that the market started to recover at the same time as last year? Less mined coins on market, rising demand and a price that is at the moment more than a good base for a new ATH - I hope we have a very exciting 4 months ahead of us

[Porfirii]

~snip~

What a time to be alive! I am optimistic too about the future, taking into account how the price is doing in the last months, the increasing adoption and the interest in the media I foresee a good end of year too, so I reaffirm my thoughts after your comment.

A new fresh ATH as you say would be great, but I would be even happy if the price kept this rank for a long time.

[hatshepsut93]

2017 never had such big and long corrections as this cycle. The current price recovery does not 100% guarantee that the bull run is back, it could be a bull trap and the price could still drop bellow $30k. There is no clear and simple pattern right now, many scenarios are possible, so IMO it's better to not make any moves if you don't want to risk big.

[Mahanton]

2017 never had such big and long corrections as this cycle. The current price recovery does not 100% guarantee that the bull run is back, it could be a bull trap and the price could still drop bellow $30k. There is no clear and simple pattern right now, many scenarios are possible, so IMO it's better to not make any moves if you don't want to risk big.

Better not to mind yourself about patterns or something like that because this is something that you couldnt really able to see if there are really some probably forms or patterns for you to presume that we are really
into the same situation. Better not to be stressful because find out clues or hints or forms will really be not ideal and would really be just giving out some headache.The market could move up freely according
to the demand and into some other factors which you should really be mindful on how to take advantage and be sufficient on using those info's.

[leea-1334]

~snip~

Halving has its effect, I personally don't think we've seen the best of it yet - and everything that started happening last year at this time is actually the result of the price we have today. I am thinking of the rather large investments from companies such as MicroStrategy, Grayscale, Tesla, and PayPal's entry into the crypto market.

Consequently, we can assume that there will be no replay from the end of 2017, and that the price could continue to rise because there is more than obvious demand - how else to explain that the market started to recover at the same time as last year? Less mined coins on market, rising demand and a price that is at the moment more than a good base for a new ATH - I hope we have a very exciting 4 months ahead of us

Yes,,, and I have also been more and more convinced lately that this cycle will be the first one that is not going to be very very similar with the past halvings. So no longer extremely short and high rally,,, and more of a patient and slow build up to a high. If this is true then it should be good news for buyers because this means the corrections and dips are also not going to be as shocking as before.

As you say it could be the last ATH was not even the halving effect but all those big buys from companies. Let us hope the excitement is for us less scary than 2017!

[bitterguy28]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism.

But be careful in spreading Crypto specially online because you might be a target of bad elements in your place , remember that crypto related crimes now are increasing and there are even Kidnap victim that has been killed because the family refuses to pay the Bitcoin payment demand of the abductor .
what i mean here is that lets choose whom we will invite and encourage and choose people that closes to us and wont risk our crypto or even our life.

[Lucius]

2017 never had such big and long corrections as this cycle. The current price recovery does not 100% guarantee that the bull run is back, it could be a bull trap and the price could still drop bellow $30k. There is no clear and simple pattern right now, many scenarios are possible, so IMO it's better to not make any moves if you don't want to risk big.

Why constantly repeat something that is not true - so during 2017 we had a few major price corrections that ranged from 30% - 40%, so how is that different from what is happening this year?



No one can say for sure that growth will continue, but we also should not be pessimistic and constantly advocate the same theories about bull trap and false hopes that we will see $20k or even lower again. If someone doesn’t see a perfectly clear pattern in this situation, then he really has a big problem and hasn’t learned anything from the past. You forget that we entered the new year with a price tag of $30k, and that we defended it for as long as 8 months - and Q4 is usually one of the more successful periods for BTC.

[milewilda]

Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.

what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism.

But be careful in spreading Crypto specially online because you might be a target of bad elements in your place , remember that crypto related crimes now are increasing and there are even Kidnap victim that has been killed because the family refuses to pay the Bitcoin payment demand of the abductor .
what i mean here is that lets choose whom we will invite and encourage and choose people that closes to us and wont risk our crypto or even our life.

Stay low key and you should be fine and wont really be exposing or trying out to make some show-off about your crypto holdings and its true that there are lots who might really be just observing you and would really be having that intent on kidnapping etc.. So its better to stay quiet and just cherish out your riches on silent and wont really be making out some obvious or flexing earnings or what you do gain.
Speaking with 2017 similarities then its hard to tell because adoption rate is something different on these years. There might be some patterns can be seen on the chart but it would really be just like that.
Its unlikely on having the same scenario on that year.

[hatshepsut93]

Why constantly repeat something that is not true - so during 2017 we had a few major price corrections that ranged from 30% - 40%, so how is that different from what is happening this year?



No one can say for sure that growth will continue, but we also should not be pessimistic and constantly advocate the same theories about bull trap and false hopes that we will see $20k or even lower again. If someone doesn’t see a perfectly clear pattern in this situation, then he really has a big problem and hasn’t learned anything from the past. You forget that we entered the new year with a price tag of $30k, and that we defended it for as long as 8 months - and Q4 is usually one of the more successful periods for BTC.

30-40% correction that lasted for a week or two is not the same as 53% correction that lasted for 2 months. This is unprecedented for Bitcoin's bull markets.

You're contradicting yourself when you are saying that "no one can say for sure that the growth will continue" and then say that the pattern is clear. The current pattern easily falls within two opposite scenario - a bull trap that happens in every bear market, even multiple times, or a huge recovery and new rally, which has no examples in Bitcoin, but still totally possible.

I don't believe that some months ago are good for Bitcoin and some are bad, that just sounds like superstition.

[Silberman]

I think, we could, we might, the price would ... it's all nonsense if you think about it. Even if the majority of us say the price should be much more than it currently is, our opinion is worth about nothing in the end. The market still moves according to the news, the new investors' moves, whales and so on.

You're on a Bitcoin forum anyway, so expect the majority of the answers to be positive. Bitcoin is still early, it might very well still be very cheap as well. A move from $40k to $400k might seem very hard, but it might turn out to be as easy, if not easier, than the move from $6k to $60k was. The secret word is might. Things are uncertain, the market is volatile.. at the end of the day, Bitcoin just moves in whichever direction it wants to.

Also it is a mistake to think in those terms, the fair price of bitcoin is always whatever price it has at the moment, after all the price reflects things like the willingness of people to hold or get rid of their coins and the demand for those very same coins, so there is no point of thinking if the price is too low right now as it is the price decided by all of those that are part of the market, now it is completely legitimate to speculate with the price and what we think will be the demand during the next months and what this means for the price, but the current price is always the correct one despite whatever we may think about it.

[Lucius]

30-40% correction that lasted for a week or two is not the same as 53% correction that lasted for 2 months. This is unprecedented for Bitcoin's bull markets.

39% for 35 days is so different from 53% in 60 days?

You're contradicting yourself when you are saying that "no one can say for sure that the growth will continue" and then say that the pattern is clear.

For me personally, there is a pattern that one can see or disagree with, agree with or not - but there is also always an x-factor that no one can predict. Although I believe we are on the verge of a new big bull run, it is impossible to say what is brewing in the minds of some crazy politicians in the US&EU when it comes to cryptocurrencies.

Plus we’re in the Speculation board where anyone can speculate on the price - maybe you’ll end up right, who knows?

[leea-1334]

For me personally, there is a pattern that one can see or disagree with, agree with or not - but there is also always an x-factor that no one can predict. Although I believe we are on the verge of a new big bull run, it is impossible to say what is brewing in the minds of some crazy politicians in the US&EU when it comes to cryptocurrencies.

Plus we’re in the Speculation board where anyone can speculate on the price - maybe you’ll end up right, who knows?

I always believe there are MANY x factors, and many smaller ones that lead to a large Black Swan event like last year. And those with long years of experience know it comes when you least expect it, so you must always have limits. Limits to losses, and limits to gains.

Like you said, everyone can agree or disagree, but until you actually trigger a trade, or hold something in your wallet, none of these numbers are reality. Saying I have $5000 worth of Bitcoin is not the same as selling the Bitcoin and hodling $5000.

[ranaprime]

At the present the green signal of the market is seen. The BTC price has risen above 50k again. I think the price of BTC in this bull market can be 100K or more. There will be market correction and the price of BTC may go up as well. Good days are coming in crypto.

[marine4u]

I think it's true that 2017 and 2021 - 2 halving cycles.  But it's well known that they shouldn't be compared because 2021 is so different it doesn't come from the perils of retailers anymore, but we have a period of great mix from institutional investors,  Stronger organizations, resellers, communities including covid19 should be referred to by an accompanying strength.  If I remember correctly, in August 2017 we had btc growth of 74% but if you take it as a translation, it is possible that bitcoin will cross 100% in that same cycle.  Also, it all suggests there is still a chance for btc to hit $100k

[Silberman]

At the present the green signal of the market is seen. The BTC price has risen above 50k again. I think the price of BTC in this bull market can be 100K or more. There will be market correction and the price of BTC may go up as well. Good days are coming in crypto.

Good days are without a doubt coming to this market however we need to also remember that after the good days bad days have the tendency to come so it is important to keep this in mind so you do not get super greedy and then you lose your money because of this, it is important that before we see the turn around and a bull market becomes a bear market that you do not use leverage or anything like that as the price of any asset has the tendency to go down faster than it goes up and if you are caught during that time when the price goes down then you could lose all the profits you got and even more money in the process.

[btc_angela]

I think it's true that 2017 and 2021 - 2 halving cycles.  But it's well known that they shouldn't be compared because 2021 is so different it doesn't come from the perils of retailers anymore, but we have a period of great mix from institutional investors,  Stronger organizations, resellers, communities including covid19 should be referred to by an accompanying strength.  If I remember correctly, in August 2017 we had btc growth of 74% but if you take it as a translation, it is possible that bitcoin will cross 100% in that same cycle.  Also, it all suggests there is still a chance for btc to hit $100k

Exactly, the narrative has change already, we have big institutions or even government investing on bitcoin. Huge companies are using bitcoin to hedge their assets, putting bitcoin in their ledger. We haven't had this one in 2017, so we can't really say if they are comparable or not. But as far as the price goes, if it can mimic 2013 sudden increase, we might be seeing more than $100k per bitcoin in the next four months of the year. So we just need more patience, we have been patience in the bearish cycle when the price dip to $29k, but it is more important to be considerate and wait for a new all time high in a bullish scenario.

[el kaka22]

It is good that most people believe 2x is not impossible for bitcoin, which means that 10k is definitely possible for etheruem, and 1-2k is possible for bnb as well, these are all great things. Don't get me wrong other coins will go up as well, I just wanted to share the real big ones. I still do not understand why there are people who are so disappointed in what bitcoin could do, I get that in 2018 we dropped a lot and it took time to recover but that was 2018, why do people think that history will repeat itself and we will see a very low price on bitcoin once again? I do not think that will happen, I believe that we will be doing fine and nothing bad will happen.

Of course there is a chance, nobody can deny that there is a chance, but the fact that we are doing fine right now is the proof that doing better is the most likely outcome.

[lizarder]

Hi Guys & Girls,

first of all: I'm sorry for this rather boring Thread. I know BTC is way more than a price moment upwards (in theory),
but let's be realistic for a Moment: More BTC is always nice to have, so why not think about some recent movements?

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.
After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in
another winter till the next having. It does not feel like 100k will happen. I don't care and it's not important to me,
just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k?
I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now.
In my real life I'm more or less the outsider with my Opinion about BTC changing the whole Currency System.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?
Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

From 2017 until now, bitcoin continues to be pounded simultaneously, both against the price and the level of people's trust in them, but strangely bitcoin is able to go through all the problems they face well, now bitcoin is a king in cryptocurrency.

There are several analyzes that are often seen and I continue to study this until now, bitcoin continues to reach values / numbers that are far more perfect than the analysis of many people, even they dare to target the bitcoin price in the future above 1 trillion, really the target is almost achieved this year.

[wheelz1200]

Hi Guys & Girls,

first of all: I'm sorry for this rather boring Thread. I know BTC is way more than a price moment upwards (in theory),
but let's be realistic for a Moment: More BTC is always nice to have, so why not think about some recent movements?

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.
After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in
another winter till the next having. It does not feel like 100k will happen. I don't care and it's not important to me,
just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k?
I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now.
In my real life I'm more or less the outsider with my Opinion about BTC changing the whole Currency System.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?
Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

It certainly is a trillion dollar asset at this point.  You are right it's still just a "few" of us, but the ramp up to more people is only accelerating.  It's almost trendy to own bitcoin at this point.  Can it dip and crash like 2018 yep, will it come back better then ever if it does, yep.  Bitcoin is almost too big to fail at this point.  Good times ahead.

[barbara44]

At the present the green signal of the market is seen. The BTC price has risen above 50k again. I think the price of BTC in this bull market can be 100K or more. There will be market correction and the price of BTC may go up as well. Good days are coming in crypto.

I seriously wish $100k is not reached in a hurry. Yes, I am being serious here. if the price reaches $100k very quickly it only signals a massive crash to follow soon as it happened after the 2017 bull run. Steady and slow growth is more natural and worthy than a whale playing with the market.

If the price reaches $100k before the end of this year, I might sell most of the coins I hold because there is no way the price can go upwards after reaching 100k in such a small period of time. Earlier, when the price reached new ATH of $55-60k people were again talking about 100k and we fall flat. I am keeping a closer eye on the market for the next few months.

[zanezane]

Man, I really wish we go on a winter, I have to buy more bitcoin because I feel like I don't have enough yet, my goal is to at the least reach 0.1 bitcoin this year but it seems that the current price rally, it's going to be impossible this year.

[Pulsar77]

The next halving is expected to happen in 2024. Before this event, I think that the price will easily reach $100k level. And it will even move on to higher levels. And I can't even imagine what can happen after halving. Maybe it won't affect the price in a short time. But after some months, Bitcoin price could reach even much higher levels.

For now, I'm happy about Bitcoin's movements. They seem to be promising for a new ATH soon.

[CaVO32]

The next halving is expected to happen in 2024. Before this event, I think that the price will easily reach $100k level. And it will even move on to higher levels. And I can't even imagine what can happen after halving. Maybe it won't affect the price in a short time. But after some months, Bitcoin price could reach even much higher levels.

For now, I'm happy about Bitcoin's movements. They seem to be promising for a new ATH soon.

No one can exactly know what will happen in that momentous event for bitcoin. But after halving, the expectations of most is it will further increase its value. However, you need to prepare for any worst scenario possible. At least, you already cover all the bases and no regrets for being prepared. But I'm happy that bitcoin is doing good despite of the China banning the miners. Seems that Chinese miners are finding their new homes somewhere else.

[leea-1334]

Man, I really wish we go on a winter, I have to buy more bitcoin because I feel like I don't have enough yet, my goal is to at the least reach 0.1 bitcoin this year but it seems that the current price rally, it's going to be impossible this year.

Same here to be honest I would be perfectly happy for a long winter because I know I cannot achieve my personal target of Bitcoin holding (in actual BTC).

Of course I am not saying I mind another 1, 2 or 3 more ATH seasons this year before the winter comes in 2022 or 2023. Maybe a bigger ATH will result in a bigger winter crash;)

[dezoel]

From 2017 until now, bitcoin continues to be pounded simultaneously, both against the price and the level of people's trust in them, but strangely bitcoin is able to go through all the problems they face well, now bitcoin is a king in cryptocurrency.

There are several analyzes that are often seen and I continue to study this until now, bitcoin continues to reach values / numbers that are far more perfect than the analysis of many people, even they dare to target the bitcoin price in the future above 1 trillion, really the target is almost achieved this year.

The main reason is that people can't analyze how awesome it could go by looking at the current situation since the price goes up fairly high based on all the new people coming in as well and that is what one of the main reasons.

So this is why, I believe that we should basically just grab as much as we can since the fact is that we can't calculate how many new people will come into the crypto world and that could literally make it a million dollars as well. Think about it, if you can bring 1 million new people into bitcoin that means they are going to participate a lot, maybe a billion dollars worth of investment who knows? Which is why I believe that we should definitely grab as much as we can in order to profit before all those people come in.

[Silberman]

Man, I really wish we go on a winter, I have to buy more bitcoin because I feel like I don't have enough yet, my goal is to at the least reach 0.1 bitcoin this year but it seems that the current price rally, it's going to be impossible this year.

I really think the price of 30k this year was the last possibility to load up more bitcoin at a decent price, I think this because despite how high the price is whales are still accumulating bitcoin even at the current price which can only mean one thing and that is that they are thinking that the price can still go up very significantly during the next months and years, so even if you cannot reach that goal do what you can to accumulate all the bitcoin that is possible for you.

[Hippocrypto]

Bitcoin at this moment was quite a ghost bumps for me, but I choose to remain calm and easy while waiting for the right time to boom.
Volatility usually caused little falls then eventually goes up, because people started to have their entry point.
We already surpassed $40k as spikes had also swing up to $50k as an attempt of huge resistance breakdown.
Let's face another chapter, I don't think we should compare current scenario from past 2017.

[jakdanyel]

It seems like the majority of the people have the same idea with me. I definitely expect Bitcoin price to reach 100k dollars in this year. Maybe it will happen in the last days of the year but it will I think. And yeah, we could be having 2017 again if we see the bull run in the last months. For now, Bitcoin price is just testing upper levels. This could be a really nice rally but I started thinking like it is not a bull run.

[Oilacris]

It seems like the majority of the people have the same idea with me. I definitely expect Bitcoin price to reach 100k dollars in this year. Maybe it will happen in the last days of the year but it will I think. And yeah, we could be having 2017 again if we see the bull run in the last months. For now, Bitcoin price is just testing upper levels. This could be a really nice rally but I started thinking like it is not a bull run.

We cannot really remove into our mind that in the time in the end of the year  where people do really believe that it is really going to all time highs or really have some significant price rise.

Feeling for the charts? Im not really minding that much because whatever the price would be then you should really know on how to move out with your investment.

You should expect the unexpected and be prepared on the actions you would make and dont anticipate or hope that much so that you wont get frustrated.

[Silberman]

It seems like the majority of the people have the same idea with me. I definitely expect Bitcoin price to reach 100k dollars in this year. Maybe it will happen in the last days of the year but it will I think. And yeah, we could be having 2017 again if we see the bull run in the last months. For now, Bitcoin price is just testing upper levels. This could be a really nice rally but I started thinking like it is not a bull run.

And this is because it seems like the most likely possibility, after all we are not really projecting 2017 over this year and using our wishful thinking about it, bitcoin really does seems as if it is preparing for a huge move and the direction of that move seems to be up, however it does seem that it is not going to happen until the end of the year so it is natural that when we see the current market conditions we cannot stop thinking about 2017 and what happened back then.

[STT]

Theres no need to be negative on a grand scale, 2017 wasnt negative like that it was just a very bumpy ride.   The sell offs back then were back to 3k or so and that was on big news like entire countries banning BTC, I think the creators always expected such news to be the norm not the exception.   In any case we know 2017 BTC carried on regardless and in that respect it could be compared to now in that we can fall but overall I'm not negative on BTC prospects over years.
   The real negative year was maybe 2018 and even then if you held your breath a few months, the price was bubbling right back up in 2019 anyway so what are we even talking about.  BTC can fall but its continually regained its losses, that historic record should not deter anyone especially except leveraged speculators who must sell on these short term moves.

[Yamifoud]

I'd stop comparing the past, what happens today is far different from what happens before. There is a number of scam projects today, there are so many FUD's comes out, and fake news on social media but this has only a few effects on the market as the community had already learned their mistakes in the past. That is why we could never say that there are no huge market corrections that happen as only a few people got into panic selling while the majority are being calm and hold.

[Kusman]

We might be in December 2017 again but we need to be sure about it first. Now, Bitcoin price has started climbing again finally. It has got past $51k and it is moving on to $55k gradually. September might even be the month that Bitcoin price reaches a new ATH level. And in October, we need to see a bull run starting I think. Otherwise, it would be really hard to see $100k before the end of the year.

[stomachgrowls]

I'd stop comparing the past, what happens today is far different from what happens before. There is a number of scam projects today, there are so many FUD's comes out, and fake news on social media but this has only a few effects on the market as the community had already learned their mistakes in the past. That is why we could never say that there are no huge market corrections that happen as only a few people got into panic selling while the majority are being calm and hold.

A must thing but there are people who do really mind about things in the past and cant really stop on comparing it and this is why we do really come up with these kind of presumptions on where people do believe that those
things in the past is surely happening on the current time.Well, its not an assurance since there would always be some possibilities but if we do look at on some factors then we can really tell that we are way too far off
in terms of adoption and recognition which do simply shows or tells us that movement wont never ever be the same.

Looking on charts on active manner could really give out some different impressions some becomes too optimistic and some do becomes too negative which do proves out that everyone could have their
own impressions.

[mamesso]

There nothing to be afraid of, sometime bitcoin price movements make investor heart seem to want to dislodge when the bitcoin price movement chart is not good.
In fact, since it was first created, bitcoin continues to grow so that bitcoin becomes one of the most profitable investment commodities compared to other investment instruments.
Currently, the demand for Bitcoin continues to increase worldwide, while the supply of bitcoin is very limited so the price of Bitcoin has the potential to continue to rise gradually in the future, even some world banks predict the price of Bitcoin will penetrate more than $ 70k for 1 bitcoin.

[newwest]

We might be in December 2017 again but we need to be sure about it first. Now, Bitcoin price has started climbing again finally. It has got past $51k and it is moving on to $55k gradually. September might even be the month that Bitcoin price reaches a new ATH level. And in October, we need to see a bull run starting I think. Otherwise, it would be really hard to see $100k before the end of the year.

We are in different situation now than 2017. Just like pre Corona and post corona period. During lockdown institutions have started to buy which was not the case in 2017. Things are getting better and more people are getting associated with it. SO we will see the rise continue to happen and might never return to 2017 levels.

[TheGreatPython]

There nothing to be afraid of, sometime bitcoin price movements make investor heart seem to want to dislodge when the bitcoin price movement chart is not good.
In fact, since it was first created, bitcoin continues to grow so that bitcoin becomes one of the most profitable investment commodities compared to other investment instruments.
Currently, the demand for Bitcoin continues to increase worldwide, while the supply of bitcoin is very limited so the price of Bitcoin has the potential to continue to rise gradually in the future, even some world banks predict the price of Bitcoin will penetrate more than $ 70k for 1 bitcoin.

Those bad days really are something special. I remember everyone in crypto when the price hit from 1400 dollars to 100 dollars or so back in 2014, people imagined that bitcoin had a big bubble and it was burst and it would never recover, imagine thinking bitcoin will never go up when it was 100 dollars.

A lot of those people sold and ran away, which is a very horrible feeling, at the end of the day we are talking about something special with 2018 because it finally reached to 1 trillion dollar marketcap as a whole that year, and then it had a huge crash, dropped to insanely low levels, bitcoin dropped but altcoins dropped even harder and we were at a blank point again and everyone talked about how bitcoin would never recover. You can see the pattern there, whenever price drops down people fear that it will never recover but it always does.

[Pulsar77]

And I didn't start feeling good about the price these days. Because there is a really huge drop in the price so far. Bitcoin price is now $45k. It is struggling to beat the resistance levels. I'm afraid of the possibility that the price might even go under $40k again soon and get stuck there for some time again. It would be another good opportunity to buy actually but most people were expecting the rise to continue. So, it hit people by a surprise.

[rodskee]

i don't see a 100k till the next halving comes because the chart shows it will now that there is something hindering the price to even reached 70,000 level. there are attempts to break 55k after the fall from 64k yet never succeed.
i think we can evaluate it clearly once the value climbs up back to 60k level then the opportunity may can tell.

And I didn't start feeling good about the price these days. Because there is a really huge drop in the price so far. Bitcoin price is now $45k. It is struggling to beat the resistance levels. I'm afraid of the possibility that the price might even go under $40k again soon and get stuck there for some time again. It would be another good opportunity to buy actually but most people were expecting the rise to continue. So, it hit people by a surprise.

what is the resistant level? lol are you joking? bitcoin had already broken the 50k resistance its just happened that it seems like there is a force who plays with the market.

[justdimin]

i don't see a 100k till the next halving comes because the chart shows it will now that there is something hindering the price to even reached 70,000 level. there are attempts to break 55k after the fall from 64k yet never succeed.
i think we can evaluate it clearly once the value climbs up back to 60k level then the opportunity may can tell.

I doubt that it would take until next halving. Remember bitcoin doesn't just go a little bit up during halvings, it goes up like crazy and I believe that we will definitely see a huge huge increase in the next halving. Reaching 100k is not a big, it is nearly 2x and that could happen outside of bull runs as well, I understand that it looks like it is going to be tough because the number is 100, but the reality is that from 5k to 10k was so simple, 50k to 100k will be same simple thing as well. We may have seen a fall but that fall doesn't matter neither. All we need is a bit of hype and we will get closer to 100k. I am not saying it will be tomorrow, but we should not be waiting until the next halving to see that neither.

[Shasha80]

There nothing to be afraid of, sometime bitcoin price movements make investor heart seem to want to dislodge when the bitcoin price movement chart is not good.
In fact, since it was first created, bitcoin continues to grow so that bitcoin becomes one of the most profitable investment commodities compared to other investment instruments.
Currently, the demand for Bitcoin continues to increase worldwide, while the supply of bitcoin is very limited so the price of Bitcoin has the potential to continue to rise gradually in the future, even some world banks predict the price of Bitcoin will penetrate more than $ 70k for 1 bitcoin.

Those bad days really are something special. I remember everyone in crypto when the price hit from 1400 dollars to 100 dollars or so back in 2014, people imagined that bitcoin had a big bubble and it was burst and it would never recover, imagine thinking bitcoin will never go up when it was 100 dollars.

A lot of those people sold and ran away, which is a very horrible feeling, at the end of the day we are talking about something special with 2018 because it finally reached to 1 trillion dollar marketcap as a whole that year, and then it had a huge crash, dropped to insanely low levels, bitcoin dropped but altcoins dropped even harder and we were at a blank point again and everyone talked about how bitcoin would never recover. You can see the pattern there, whenever price drops down people fear that it will never recover but it always does.

If we learn from the history of Bitcoin's movement in the past, the pattern is almost the same as what is happening with Bitcoin's current movement.
There will be panic from some investors when they see the price of Bitcoin fall, and it always happens again and again. So with the Bitcoin price
dropping to $46k right now, there's no need to worry and panic. We must be able to be calm and remain patient waiting for the price of Bitcoin to
rise again, because of how deep the price of Bitcoin falls, Bitcoin can always recover. Therefore I do not panic to see the current price of Bitcoin,
I believe in the next few days the price of Bitcoin can return to prices above $50k again.

[bitjoin]

Your thoughts have started to open up about bitcoin, yes, bitcoin has become a very profitable investment in modern times. If we look at the time bitcoin was created, no one believed bitcoin was able to hit a price of $46,111. This figure can still increase depending on demand in the market. Although bitcoin price movement are highly volatile, but bitcoin is still a profitable investment, and I am very optimistic that bitcoin will be able to penetrate 6-digit number in the future.

[perfect999]

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in another winter till the next having. It does not feel like 100k will happen. I don't care and it's not important to me, just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k? I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now. In my real life I'm more or less the outsider with my Opinion about BTC changing the whole Currency System.

Many people are seeing 100k+ and more as an option because of the huge possibility that Q4 holds. Crypto is known to be going up during these periods and all the big increases happened during this period. Last year around these days we were close to 10k, by the end of Q4 we were around 30k, that was 3x and the same would see us at around 150k price if it were to happen again.

It obviously requires a lot of money to increase that much but at the end of the day it could be 2x instead of 3x and still be 100k. Obviously we need to be more careful because 2018 Q4 saw us fall from 7k levels to under 4k levels as well so that could be a problem as well, we need to be careful which one it will be like.

[Kittygalore]

We're far from that of 2017, the prices shouldn't be swinging this high if 2021 is the same as 2017 plus if it ever comes to that point that the pattern is going to be the same, we will still have some time to sell and make profit and wait for things to go the same as 2018.

[Chrystora123]

snip..

from what I've noticed, bitcoin and the crypto market won't be back to the way it was in 2017.  in 2017 the increase in the price of bitcoin was very unreasonable that's what caused the price to drop drastically in Q1 2018.  Crypto already has big fans, governments in many countries have different opinions with each other about crypto..

[Webetcoins]

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.
After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in another winter till the next having. It does not feel like 100k will happen.

As we know Bitcoin is decentralized and no one controlling this but still few shits like Elon Musk playing dirty games with this and giving after shocks if they stop this all then surely we were in very good position but currently still we have very good days ahead as demand is increasing, and we can touch $100K magic figure in near future.

Even currently this is very tough barer which is stopping us to touch good rate but crypto and bitcoin community already passed many barriers like this in the past, so this will also settle.

[StreakW]

Hi Guys & Girls,

first of all: I'm sorry for this rather boring Thread. I know BTC is way more than a price moment upwards (in theory),
but let's be realistic for a Moment: More BTC is always nice to have, so why not think about some recent movements?

I think we could maybe see something like in Feb 2018, when BTC bounced back up after around 65% loss.
After that came the ~2.5 Year long "Crypto winter", as many of you will remember .

Now, in 2021 we're at a +25% after about 50% loss before. When I hear into my feelings, I think we could end up in
another winter till the next having. It does not feel like 100k will happen. I don't care and it's not important to me,
just stock-to-flow and all the 2021 BTC News seemed way stronger than in 2017... but is it strong enough for 100k?
I don't think so. Many people still hate BTC for a lot of wrong reasons, because they're not educated enough right now.
In my real life I'm more or less the outsider with my Opinion about BTC changing the whole Currency System.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?
Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

[suzanne5223]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

If you understand the basic steps of cryptocurrency market analysis and also check the historical data of the crypto market during the season of Bitcoin halving market effect you'll see that every coin in the market are considered to experience huge market correction (which is also known as a market bloodbath) after 12months the same thing happens in the halving market before 2017.
Meanwhile, it is not for you and me to decide but this is triggered by the most player (Humpback Whale, Whales, and Shark ).

My advice to you, side some capital aside for you to buy when the blood bath happens.

[piebeyb]

why not hit the $100k mark, a lot of good news has come in recent times so it might be able to push it back into the new ATH price after tipping over to the $66k area, but it looks like 2021 will be more than what you saw in 2017.

[kendedese]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

when viewed from current market conditions it seems that the price decline that occurred in 2017-2020 will indeed not be repeated because the price of bitcoin this year tends to recover quickly, but market conditions can change at any time and events in 2017-2020 can happen again. for now we can only guess because we will get the answer after bitcoin reaches the upper limit.

[dunfida]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

when viewed from current market conditions it seems that the price decline that occurred in 2017-2020 will indeed not be repeated because the price of bitcoin this year tends to recover quickly, but market conditions can change at any time and events in 2017-2020 can happen again. for now we can only guess because we will get the answer after bitcoin reaches the upper limit.

Its unlikely to happen because the level of adoption we do have now compared to year 2017 then this is something totally different on scale because adoption and recognition.

Although its not final nor guaranteed but we could somewhat really presume that this isnt something to happen again but dont really get that confident though.

For now lets just see on how this market behaves and the level of adoption and recognition we do have now.

[btc_angela]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

when viewed from current market conditions it seems that the price decline that occurred in 2017-2020 will indeed not be repeated because the price of bitcoin this year tends to recover quickly, but market conditions can change at any time and events in 2017-2020 can happen again. for now we can only guess because we will get the answer after bitcoin reaches the upper limit.

Its unlikely to happen because the level of adoption we do have now compared to year 2017 then this is something totally different on scale because adoption and recognition.

Although its not final nor guaranteed but we could somewhat really presume that this isnt something to happen again but dont really get that confident though.

For now lets just see on how this market behaves and the level of adoption and recognition we do have now.

Yes, it's very different scenario know, adoption is growing, institutions are coming inside, governments too. So I wouldn't say this is like 2017 all over again. Of course, we will see a bear market, but for now we are still very bullish and we don't know when this bullish sentiments will end.

And I still believes that adoption will continue to grow in 2022, when government around Latin America leading the way for bitcoin to become legal tender.

[STT]

2017 was far rougher then this current year, this is plain sailing in comparison and far easier to form levels of confidence about as we regain a trend up or need to adjust downwards as might be true right now.
If the US dollar index starts to jump about at all then you will start to see far harder trading as this will be outside interference in supply and demand from larger market sentiment volatility.

[sujonali1819]

why not hit the $100k mark, a lot of good news has come in recent times so it might be able to push it back into the new ATH price after tipping over to the $66k area, but it looks like 2021 will be more than what you saw in 2017.

To reaching $100k mark area still need a lot of time imo. It was just correction and make new ath. Now again doing correction. And if the correction keep the price above $60k then we can expect a nice bullish trend. But it the correction come back to bellow 60k then we can see a huge correction to $50k. So it might take a big time. So always think positive that this correction will not go below $60k.

[bitterguy28]

Hi Guys & Girls,

first of all: I'm sorry for this rather boring Thread. I know BTC is way more than a price moment upwards (in theory),
but let's be realistic for a Moment: More BTC is always nice to have, so why not think about some recent movements?

because people here still don't have that complete believe in Bitcoin capacity , they will only response depend on what is the movement of market and only few those who seeing the future of bitcoin and keeping the HOLDING.

That's why I'm asking you guys, how do you feel about BTC at this moment? Is this protocol worth 1 Trillion and more at this current stage?
Don't get me wrong. I love this project and never saw anything like BTC before, but we're still just "a few" people.

it is 1 trillion now  as 44% of 2.5 trillion dollars market capitalization .

[btc78]

majority of the votes believe that Bitcoin will reach 100k this year, but how do they really think it will happen?

the result is clear here



but i doubt that most of them really has Idea on what to come instead i believe that they are just being positive as they are not real investors .

Holders have views of the coming Dump .

[ultrloa]

why not hit the $100k mark, a lot of good news has come in recent times so it might be able to push it back into the new ATH price after tipping over to the $66k area, but it looks like 2021 will be more than what you saw in 2017.

To reaching $100k mark area still need a lot of time imo. It was just correction and make new ath. Now again doing correction. And if the correction keep the price above $60k then we can expect a nice bullish trend. But it the correction come back to bellow 60k then we can see a huge correction to $50k. So it might take a big time. So always think positive that this correction will not go below $60k.

3 months timespan which other think that bitcoin would go at that far is not enough since imagine how big the amount needed to increase the total marketcap which can lead to bitcoin to rise that far and I also think that there are so many corrections will happen so provably that figures will not come at this early stage since we might struggle first to reach $100k just like what happen before where reaching the current ATH takes more time before it achieve by bitcoin.

[$crypto$]

why not hit the $100k mark, a lot of good news has come in recent times so it might be able to push it back into the new ATH price after tipping over to the $66k area, but it looks like 2021 will be more than what you saw in 2017.

To reaching $100k mark area still need a lot of time imo. It was just correction and make new ath. Now again doing correction. And if the correction keep the price above $60k then we can expect a nice bullish trend. But it the correction come back to bellow 60k then we can see a huge correction to $50k. So it might take a big time. So always think positive that this correction will not go below $60k.

3 months timespan which other think that bitcoin would go at that far is not enough since imagine how big the amount needed to increase the total marketcap which can lead to bitcoin to rise that far and I also think that there are so many corrections will happen so provably that figures will not come at this early stage since we might struggle first to reach $100k just like what happen before where reaching the current ATH takes more time before it achieve by bitcoin.

The correction must have occurred after the ATH allowed them to sell it for profit in the last few days but I'm not sure this correction can go down by $50k that's right because it can still be maintained in this situation and still Marketcap is in its highs.
Bitcoin can still be maintained, we still have time in this case to try to continue in the bullish trend and certainly don't sell hands in a correction situation, this will provoke fear of ambition in bitcoin which is experiencing a decline.

[ivankoh]

Most people think that the return to the game is like an exaggerated pump like in 2017, the RSI is back to the above 70 range, it is really too fast, I think today's correction will not have a break soon.  how they understood the change for bitcoin this year, bitcoin failed to hold support at 60k? i think that's how the market maker wants to tweak with big bull run merger  coming up in November. Again, keep an eye on November for greatness to come.

[BITCOIN4X]

To reaching $100k mark area still need a lot of time imo. It was just correction and make new ath. Now again doing correction. And if the correction keep the price above $60k then we can expect a nice bullish trend. But it the correction come back to bellow 60k then we can see a huge correction to $50k. So it might take a big time. So always think positive that this correction will not go below $60k.

In the last 7 days the bitcoin price has corrected almost 12% since ATH $67K. Some people think this is a sign that bitcoin will undergo a deeper correction before the next ATH is reached by the end of the year while others consider it a regular correction before the price breaks through the $63K, $65K, and $67K resistance. on TF 4H and form a new ATH. Given that today's big investor have the opportunity to make a profit after investing long enough in bitcoin, they will also consider taking full, partial or temporary profit before they buy back in time of dips. I saw the same pattern with ATH last April because after ATH was reached, the correction started to occur until it almost reached -50%. If this is true, then be prepared for a major correction. But I prefer to see it sideway for some time even though at the moment the risk of further correction is still very likely.

[bots1]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

[beerlover]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

In 2017, bitcoin prices started to fall only by December third week hence right now it is too early that we think about repeating of 2017.

Bitcoin needs to show at least 10x growth before repeating the down market; I mean first we need to experience the repeating of bull market this year and then I guess we can prepare ourselves to face similar kind of downfall market as well. Not sure that we are going to have same kind of 4 year cycle this time as well or something new which is hard to speculate, no one knows.

[matchi2011]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

In 2017, bitcoin prices started to fall only by December third week hence right now it is too early that we think about repeating of 2017.

Bitcoin needs to show at least 10x growth before repeating the down market; I mean first we need to experience the repeating of bull market this year and then I guess we can prepare ourselves to face similar kind of downfall market as well. Not sure that we are going to have same kind of 4 year cycle this time as well or something new which is hard to speculate, no one knows.

Bitcoin already got real supporters, those institutional investors are doing a great taking the risk and placing support to the current market, unlike way back 2017 where it's more on hypes and many ponzi scam business that is being held inside this industry, fake investment who use crypto/bitcoin to attract more investor in purposely scam away the money.

Now, it's more about adoptions and real usages that bring more investors inside this investment currency.

[Johnyz]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

Though there’s still no guarantee for this let’s hope that Bitcoin wont dump that much again since 50% dropped is really devastating. Bitcoin is quiet on a pullback right now after making a new ATH, if this continues that’s alarming. 2017 was a great year right before it dump, and this year is a different story.

[Wawa2013]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

Though there’s still no guarantee for this let’s hope that Bitcoin wont dump that much again since 50% dropped is really devastating. Bitcoin is quiet on a pullback right now after making a new ATH, if this continues that’s alarming. 2017 was a great year right before it dump, and this year is a different story.

Anyone who has experienced the hype that occurred when Bitcoin hit $20k in 2017 will find it incredible. Because at that time Bitcoin could indeed
provide a large profit for people who had collected Bitcoin before. But things got dire after the Bitcoin price dump and I hope that won't happen
this year. If we look at Bitcoin's performance this year and know that there are many institutions that invest in Bitcoin,  I am optimistic that
the price of Bitcoin will not fall too deep. Because this year is a different story from what happened in 2017, I believe this year Bitcoin has much
stronger support after the country of El Salvador decided to legalize Bitcoin as a legal tender. So I believe Bitcoin this year will be different from
what happened in 2017.

[arwin100]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

Though there’s still no guarantee for this let’s hope that Bitcoin wont dump that much again since 50% dropped is really devastating. Bitcoin is quiet on a pullback right now after making a new ATH, if this continues that’s alarming. 2017 was a great year right before it dump, and this year is a different story.

50% drop is possible since any huge fuds nor certaim regulation which can do huge harm with bitcoin can make the price move backwards so hopefully no something like this will come especially when it comes to the goverment since for sure manu will take those news as bad amd might can cause anything again if somwthing restrictions will be impose by them.

[Kemarit]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

Though there’s still no guarantee for this let’s hope that Bitcoin wont dump that much again since 50% dropped is really devastating. Bitcoin is quiet on a pullback right now after making a new ATH, if this continues that’s alarming. 2017 was a great year right before it dump, and this year is a different story.

50% drop is possible since any huge fuds nor certaim regulation which can do huge harm with bitcoin can make the price move backwards so hopefully no something like this will come especially when it comes to the goverment since for sure manu will take those news as bad amd might can cause anything again if somwthing restrictions will be impose by them.

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

[StreakW]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

If you understand the basic steps of cryptocurrency market analysis and also check the historical data of the crypto market during the season of Bitcoin halving market effect you'll see that every coin in the market are considered to experience huge market correction (which is also known as a market bloodbath) after 12months the same thing happens in the halving market before 2017.
Meanwhile, it is not for you and me to decide but this is triggered by the most player (Humpback Whale, Whales, and Shark ).

My advice to you, side some capital aside for you to buy when the blood bath happens.

I always monitor the movement of the price chart in the market, even when the cryptocurrency market is in a downward trend, or when it enters a bear phase, I will short sell to make a profit or to protect the asset from a weakening price.

[Hidrofor]

The next halving is expected in 2024. Until then, Bitcoin price should be able to reach $100k or above without having much problem I guess. The current ATH is $68k. There is nothing holding the price back from achieving a better success than this. It is just resting for now at around $57k. All we need is a delightful bull run. Then things will be very easy. 

[temple]

The next halving is expected in 2024. Until then, Bitcoin price should be able to reach $100k or above without having much problem I guess. The current ATH is $68k. There is nothing holding the price back from achieving a better success than this. It is just resting for now at around $57k. All we need is a delightful bull run. Then things will be very easy. 

We shouldn't be looking naively at Bitcoin. Of course everyone wants to see only the upside potential, but that is not realistic. We have seen that the last crypto "winter" did indeed take some time. That could happen again. Now I don't think it would as rough as in 2017 because Bitcoin has made progress and more entities are accepting it so it would surprise if we five years further but could see a hard crash regardless. But after all we can't dismiss the fact that there are still a couple of uncertainties in terms of Bitcoin's potential. Political uncertainties, also economic uncertainties and the crisis.
Coinglass.com shows that Bitcoin is a bit more long than short, but I am not sure how representative the data on Coinglass actually is.

[DOH!]

In 2017, bitcoin prices started to fall only by December third week hence right now it is too early that we think about repeating of 2017.

Totally agree. I think there are many macro differences for bitcoin and crypto this year. Although, the 4-year cycle with the bitcoin halving is always considered the purest comparison chart. Today's three-day fear-and-greed indicator is all about anxiety about the rumored FUDs but look at the daily candlestick chart. The break of 60k is not yet but I guess the sideways market to get to the new 56k support is really necessary. (The daily candle shows optimism and holders are still focused on long-term accumulation)

[jaberwock]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

[carlfebz2]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

When it comes to movements then we could really tell it does have some similarities and there are some differences  which it really be the reason on why

people do really end up on having impressions that it might or might not be similar into those 2017 days or year on regarding the probabilities of market correction.

but if we do look out bigger picture and the level of adoption then we could really tell that we arent really the same into the past.

[Baofeng]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

I think the bubble has been burst for the $100k prediction this year because obviously, it won't be meet as far as I'm concern because we are not under time pressure. With that said, investors should not be disappointed after all, we all know that those are just predictions and it's not that accurate. Although at the beginning, people are very excited until last week when there is a news of a new variant of Covid-19 that really affected the whole financial market globally. So for me, I have said my mind that $100k is not achievable this year so I have to financially adjust as well.

[magneto]

I think the bubble has been burst for the $100k prediction this year because obviously, it won't be meet as far as I'm concern because we are not under time pressure. With that said, investors should not be disappointed after all, we all know that those are just predictions and it's not that accurate. Although at the beginning, people are very excited until last week when there is a news of a new variant of Covid-19 that really affected the whole financial market globally. So for me, I have said my mind that $100k is not achievable this year so I have to financially adjust as well.

Bubble hasn't burst. Not even close.

Yes, there are always going to be absurd predictions like a $1 million bitcoin or whatnot, but we haven't seen a large scale selloff.

The peak at $~70k is still holding and so is the support at $50k. This is nothing out of the ordinary.

[2double0]

With people being very optimistic about the price, I still fear about btc repeating what it used to do after each pump cycle, a sudden crash may again end the average investor's faith in btc and he will sell it the moment he sees btc panic falling. This has always happened to throw out paper hands, and looks like it will again test the patience of traders which is why investors have kept it under 60k as of now.

[STT]

Im that optimistic about the price for this year at least, just not expecting any decline to especially matter.   Price does not determine prospects, if anything it raises interest at the lower price thats usually the method of the market to encourage volume which does matter in long term an base prospect.
   The price is declining still is my general take over days and weeks it looks that way, I expect something like 49k to at least be challenged and rejected.

[asrinur]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

[suzanne5223]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

If you understand the basic steps of cryptocurrency market analysis and also check the historical data of the crypto market during the season of Bitcoin halving market effect you'll see that every coin in the market are considered to experience huge market correction (which is also known as a market bloodbath) after 12months the same thing happens in the halving market before 2017.
Meanwhile, it is not for you and me to decide but this is triggered by the most player (Humpback Whale, Whales, and Shark ).

My advice to you, side some capital aside for you to buy when the blood bath happens.

I always monitor the movement of the price chart in the market, even when the cryptocurrency market is in a downward trend, or when it enters a bear phase, I will short sell to make a profit or to protect the asset from a weakening price.

It's good but you still need to understand some seasons in the cryptocurrency market that always replicate itself no matter how bearish or bullish the market is.
This is the major strategy mostly used because I don't like checking the chart frequently or spending much time on trading when I can something else and it has been profitable.

[fullhdpixel]

Im that optimistic about the price for this year at least, just not expecting any decline to especially matter.   Price does not determine prospects, if anything it raises interest at the lower price thats usually the method of the market to encourage volume which does matter in long term an base prospect.
   The price is declining still is my general take over days and weeks it looks that way, I expect something like 49k to at least be challenged and rejected.

I am not sure if we would fall anywhere close to 49k to be honest. I am not saying that it is impossible, this is bitcoin and even 29k is possible let alone 49k but I do not see it happening right now at all. It is obvious that bitcoin has been doing not so well lately but that is only a temporary thing. Hopefully we will do a lot better in the future, that would be our way to get out of this terrible bear situation we are in right now.

Let's wait and see, if the price falls then we can't stop it, but if it starts to go up then we could help it and get it even higher. Increase all alone means nothing and could drop very easily, but a huge hype around that increase could mean a lot more profit and a big bull run.

[matchi2011]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

[asrinur]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

Right. I see that the price of bitcoin every year in December always declines after experiencing an increase of more than 36% throughout the year. So when there is a correction and volatility like this is actually a natural thing. In the future, I am optimistic that the positive trend of rising Bitcoin prices will return.

[Obito]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

That's not for you to say, as long as the market exists, possibilities that it may happen again will always be open no matter how high we are on the market but it's not worrying that much since the demand for bitcoin will always continue to go up. I don't think that we are experiencing 2017 all over again because it's not as drastic as you think it is in comparison.

[Ararbermas]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

people nowadays always comparing the situation of bitcoin from the past, they don't know the structures in the graph always exist every time no matter what trend it is. without knowing as well there's a big difference everytime when market form the same patterns. Such the potential.. And probably most traders knows about it because sometimes market is showing false information even you see a good structure of downtrend or uptrend it fails as well. So we cannot tell to be honest..

[onecall123]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

Right. I see that the price of bitcoin every year in December always declines after experiencing an increase of more than 36% throughout the year. So when there is a correction and volatility like this is actually a natural thing. In the future, I am optimistic that the positive trend of rising Bitcoin prices will return.

Bitcoin plunged more than 8% at one point on Tuesday, the biggest drop since December, ahead of the Federal Reserve's next monetary policy decision. Historically, December hasn't been a positive month for markets, and most December months end with a decline. Some of the dips we've seen have probably led to some FOMO selling. However, we'll be fighting back. We can't compare 2017 to 2021, but keep patience. Not yet, at least. I see lots of resistance above Bitcoin.

[barbara44]

Bitcoin plunged more than 8% at one point on Tuesday, the biggest drop since December, ahead of the Federal Reserve's next monetary policy decision. Historically, December hasn't been a positive month for markets, and most December months end with a decline. Some of the dips we've seen have probably led to some FOMO selling. However, we'll be fighting back. We can't compare 2017 to 2021, but keep patience. Not yet, at least. I see lots of resistance above Bitcoin.

Resistance means nothing at all if the people decide to rally the price higher. I believe that we are going to have a much better situation when there is a good cause for it and people will end up buying a lot more bitcoin which will make the resistance a mute point. As we all know these resistance and support points only matter when there is a low trading volume, when people are not interested in hyped movements there is a good reason for it.

However, that doesn't change the fact that we are talking about something that is breakable and unimportant in days when people are fine hyped or it is crashing. This is why I believe not all Decembers are the same, we had 2017 December that saw is rise, we seen 2018 December that saw us drop even more after such a fall, we have no idea what kind of December it will be this year, but so far half of it is gone and it looks like it is not going to be that much movement left in it, could end this way.

[bengsabeng]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

I think the price decline that occurred in mid-2021 was almost the same as the price decline that occurred at the end of 2017 or early 2018, only this year the bitcoin price recovered very quickly and resulted in bitcoin reaching ATH 2 times in one year. a very sharp price decline like early 2018 is still very possible, but of course after that the bitcoin price will recover very quickly as has happened this year.

[uneng]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

I think the price decline that occurred in mid-2021 was almost the same as the price decline that occurred at the end of 2017 or early 2018, only this year the bitcoin price recovered very quickly and resulted in bitcoin reaching ATH 2 times in one year. a very sharp price decline like early 2018 is still very possible, but of course after that the bitcoin price will recover very quickly as has happened this year.

I think we can say the market is less volatile now than after the bull run of 2017. If the scenarios were identical, bitcoin would have already crashed right now. However, what we see is bitcoin fighting to keep above 41,000$ all the time, while hitting or surpassing 50,000$ sometimes.

Furthermore, crypto market is more mature and solid nowadays. As the number of adopters grows and the coins are split among more investors' hands, the tendency is that a 2017 scenario doesn't happen again, because it will be less vulnerable to whales manipulation.

[elisabetheva]

Im that optimistic about the price for this year at least, just not expecting any decline to especially matter.   Price does not determine prospects, if anything it raises interest at the lower price thats usually the method of the market to encourage volume which does matter in long term an base prospect.
   The price is declining still is my general take over days and weeks it looks that way, I expect something like 49k to at least be challenged and rejected.

I think I'm still optimistic when it comes to bitcoin, so far, if you look at the chart after the last ATH was formed, bitcoin has experienced a decent correction, but bitcoin has always been priced in the $45K-$60K range, it's still pretty stable and there will always be opportunities for growth. could move to reach and break through $70K, although it might be a bit difficult for the end of the year.
once again there are always surprises bitcoin can make before Christmas this year.

[milewilda]

There is no way to forget. If you look at the voting result, most of the votes were cast in BTC 100K or more. Moreover, there is no possibility of going back to 2017. Now the market capital is much stronger position than before. So it is not possible in any way. We are just now expecting that the price of BTC would be over 100k. The current market situation is up-trending gradually probably it would be happen with Q1,2022.

When we do really tend to compare out the adoption or recognition rate then we could really tell the difference between the two and we could really presume out that it couldnt be possibly to happen
once again which i could really say that it is unlikely to happen but we shouldnt really cross out the probabilities because it could happen depending on the market demand and some sort
of manipulation or something existed that much more better than Bitcoin but we know that it couldnt happen as of these years but always mind off about the probabilities
because no one can assure on what the future looks like.

[lepbagong]

There is no way to forget. If you look at the voting result, most of the votes were cast in BTC 100K or more. Moreover, there is no possibility of going back to 2017. Now the market capital is much stronger position than before. So it is not possible in any way. We are just now expecting that the price of BTC would be over 100k. The current market situation is up-trending gradually probably it would be happen with Q1,2022.

the most expected right now from bitcoin after analyzing everything that was predicted that by the end of 2021 it would be able to reach $100K finally did not happen, of course the price did not continue to fall and could even be below $40K or maybe it could reach $30K. Of course this is a fear in itself if it goes down very far, because to move up, of course it really takes time.

but now we only hope that the events of early 2021 will be the same in 2022 and the possibility that Q1 will reach an increase again can occur and ATH may re-form because with the formation of new ATH it is likely that it will continue to increase. we are waiting for something that can make bitcoin can increase and hopefully the good news continues to blow.

[Ngemmeng]

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

[btc_angela]

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

But I guess its inevitable, I mean the market works in cycle, so sooner or later we are going to enter a bear market just like in 2018. And all signs are already there, the market is not decided, the volume is weak, the price is not going up.

Nevertheless, its a cycle that no one should be afraid of. Maybe it's the best time to accumulate bitcoin again as it could be very cheap.

[Taskford]

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

Chances are still there but if we compare the past and the present we can say that by now we have solid adoption happened last year, that's why the same like 2018 incident chances is slim but we shouldn't lame around since if that case happened then we must prepare to buy since for sure this is the time where whales accumulate more bitcoins.

[Rana590]

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

But we shouldn't lose hope so quickly. There are still a lot of chance to recover the price. We should hold tightly. If we do panic sell now then it will be a worst situation. Better we should take time to recover the price again.

[STT]

Price chart right now is mostly sideways, both 2 day and 12hr averages are in the same place from being held in a range.   Till we break upwards or downwards its going to be quite boring, my guess is a break up but we'll have to see where the volume takes us on Monday.

[palle11]

Price chart right now is mostly sideways, both 2 day and 12hr averages are in the same place from being held in a range.   Till we break upwards or downwards its going to be quite boring, my guess is a break up but we'll have to see where the volume takes us on Monday.

The weekend has been very dull that's probably indecision in the market. This can still continue on Monday, the moving average on a longtime is looking to break out but not sure when this will happen , sentiment in the market looking bullish more  by the day but it is yet to break even.