It's the year 2018 over again

[isaac_clarke22]

It is definitely not the same, bitcoin has been accepted by banks and higher institutions, companies and countries are adopting it as a payment method. It is getting more popular day by day. Many years from now it may become a global currency. If a bear market occurs again it will not be as fierce as the last one, I believe Future for 100,000$ BTC is possible.

Crypto is more popular now than it was during 2018, so what's happening now cannot be compared to what happened a few years ago. Of course, prices have been going downhill at a fast pace. But that doesn't mean it's the end of the world. This is only temporary as the best is yet to come. If you've been into crypto for some time, you'll notice that prices bounce back after every BTC halving. That's because people buy more Bitcoin due to the FOMO (Fear of Missing Out) sentiment.

With a bullish Bitcoin, altcoins will soar like crazy. I would just accumulate more coins to cash them out in the future. Who knows if you double or triple your investment in no time? Just my thoughts

Man, I still remember when Bitcoin was down to 3-4k-ish in those years and I was like just "keep buying and don't press that cash out button, lol".

Also considering many crypto-related platforms that I got involved at including those web wallets I had registered for their services, it has been a lot of changes now. Bad thing is crypto wallets that are localized here in my country is getting stricter in KYC and I can't even blame them for doing it considering that there were some money laundering happening that involved digital money in here.

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[ScamViruS]

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.

It is very difficult to know when a bullish or bearish condition will occur. because this all just happened without anyone knowing for sure. because many people can only predict based on various signals that occurred in previous market experience. and trends greatly affect market conditions which can lead to BULL and Bear markets.

It is true that it is difficult for ordinary traders to say for sure when the market trend will change. The current market situation is such that it will be difficult for an average trader to predict what the next trend will be. If you look closely, you will understand how connected the crypto market is to the world economy. Currently the state of the world economy is very bad, the bad condition of the stock market and following the stock market Bitcoin has also dumped. So look at the world economy, there you will get a signal of the market trends in the coming days.

[LUCKMCFLY]

It's a bloodbath out there for bitcoin and most altcoins out there, whatever has triggered this move is really scarring potential and existing investors/hodlers...but then again this is an opportunity to get people jumping in on this boat for some cheap coins.

Are we going to be getting any All time highs anytime soon with all these setbacks??

The situation is, of course, extremely bleak...
But the best days are ahead, the main thing is not to panic and survive the current market situation with dignity.
This is not the first time this situation has been ))

It's not the first time, but for those who are new, of course they will panic and fear the red market situation like today.
Whereas if we have more money we can take this opportunity to buy a lot.

It is the truth, I think that the OP has found a certain similarity to compare it with the year 2018, although I think it is not very feasible to do so because by the year 2018 we were not experiencing any war or a pandemic as long lasting as the one that is currently, so no This year is comparable for me with 2018, but in the speculative markets you can always find certain patterns, but I don't think it will be repeated, there are always circumstances very different from those of years like those, if I am inclined that there is a certain analogy , but in 2018 the causes of the fall of BTC were very different from those of now.

[Abiky]

Man, I still remember when Bitcoin was down to 3-4k-ish in those years and I was like just "keep buying and don't press that cash out button, lol".

Also considering many crypto-related platforms that I got involved at including those web wallets I had registered for their services, it has been a lot of changes now. Bad thing is crypto wallets that are localized here in my country is getting stricter in KYC and I can't even blame them for doing it considering that there were some money laundering happening that involved digital money in here.

Crypto wallets which enforce KYC are nothing more than centralized. You should look for non-custodial (decentralized) wallets if you want true anonymity/privacy. Speaking of the crypto market, I'd say it's really 2018 all over again. Prices are going down, while hype has temporarily faded away. Back in the day when crypto was in its very beginnings, no one thought it would become as valuable as it is right now. The price for 1 Bitcoin was less than a cent in the very early days. Now, it's worth thousands of dollars due to ever-increasing demand on the market.

Experts are predicting Bitcoin will reach $1m, so if that becomes a reality, other cryptocurrencies will become much more valuable in the future. Ultimately, it's all about buying coins during bear markets in order to sell them once everything goes back up again. As long as you play your cards right, you'll be on a road towards true financial freedom. Just my thoughts