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

[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.