Bitcoin 2018 vs 2022

[peter0425]

Bitcoin 2018 vs 2022:

its almost there , we are now at 30% drop  and seeing the market there might be more to come and if that happens then your prediction might be what we are waiting before buying it again.
so lets call this a waiting time and things will come in the right time .

I want to see this happening lower than what expected at least 50% fall? that will be a largest discount for me as I have a ready funds to buy more from that dumping stage.

[Silberman]

It seems that at least for now the downtrend has stabilized, however bitcoin is having problems going above the 30k level, before 30k was a support level and now it has become a resistance level, lets see if the bulls can increase their demand and make bitcoin to surpass that level as it is critical, if bitcoin remains below it for long this may cause yet another important drop in its price, which will bring yet another round of FUD and crash the markets again.

Im not really that confident when it comes to stabilization because anything or everything could really happen which would really be resulting into impulsive kind of selling or buying decisions.
Its not something new and been common and comparing out into those years between in the market then you couldnt really be sure if there would be some sort of pattern or not.
Everything is unpredictable and cant be known thats why its up to someones decisions and awareness on how they would really be making action.

You are right when you say that there is not any assurance that we are not going to see a massive drop like that again, however I think it was caused mostly by Terra Luna, now that things are clear the chances this will happen are lowered, also now many weak hands have sold their coins already and their coins are in stronger hands now, something that aid us as those people are not going to sell their coins so easily, with this in mind I think the chances the price goes down even further are reduced but they are not zero.

[Sir Legend]

If we the history, there are many similarities between 2018 and 2022, many analysts believe that the 2018 trend will repeat itself in 2022 when the ATH occurred in december 2017 was around $19k but in 2018 it dropped to below $7000 or more than 50%, when it's happening the same thing i.e. ATH for the month of november 2021 is over $68k and the current price is around $29k or a drop of more than 50%.

[ImThour]

Quick Bump

Idea got well executed. Price reached $20,830. 

[Semar Mesem]

It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

[TravelMug]

It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

There are definitely some similarities, but I wouldn't say that it was the same pattern. But then again, we will have to look as well regarding the factors affecting the market crash. I can't recall what's the world economy that time in 2018 maybe we are in a recession, but definitely there was no pandemic and no war. And maybe this is a big influence to what will be the lowest price that we will see this year or in this bear market Could be lower that what the OP has predicted or just about right and it will be validated.

[skarais]

It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

A repeat of the trading cycle as in 2018 is possible in 2022, the same is true for the ATH cycle which looks like a repeat between 2017 and 2021. I think a bigger drop for bitcoin this year is very likely, $20K won't be able to contain the panic and it's a weak support at the moment.

I don't know how people react to the market making similarities between 2018 and 2022, but it has happened, so I never thought it was a coincidence. Will we be at an 85% drop from ATH in 2022 and 2023?

[Desscount]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!  

[fzkto]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!  

Panic has happened, but not as much as it was in 2018 and 2020, because there were large volumes then, and there have been no such volumes in the last few days. Likewise, there has not been a lot of buying now, which usually happens after a sell-off. There is also a big increase in bitcoin inflows to exchanges right now. There is likely to be more to come.

[$crypto$]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!  

Panic has happened, but not as much as it was in 2018 and 2020, because there were large volumes then, and there have been no such volumes in the last few days. Likewise, there has not been a lot of buying now, which usually happens after a sell-off. There is also a big increase in bitcoin inflows to exchanges right now. There is likely to be more to come.

No, it won't happen like 2018 it will be very different from the current year the drop is now maybe $20k or below a little more the rest will not be as basic as 2018 for me predictions it won't happen.
I know there are more panicking than buying now but panic is not going to calm them down but my guess is that more people will stock up from now on to buy lower.
I'm sure some will be ready to buy from the bottom for the coming days and we'll see bigger volumes from this increase.

[OgNasty]

The scary thing for me isn't the losses we just incurred, but the economic environment moving forward.  Bitcoin has never been through a massive global recession before.  As the economy melts down over the next 18 months, I find it hard to believe that Bitcoin will be able to maintain it's value.  Especially considering where we are in the 4-year cycle.  Does that mean sell?  If you need to, but most of the damage has already been done.  I'd advise people that managed to sell the top to start dollar cost averaging back into the market, but for those looking to speculate now that prices are lower...  I'd urge you to not try and catch a falling knife, because things could get back if Bitcoin doesn't act as the safe haven during a recession that it's been billed as.

[Zanab247]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!

Yes, that is the minimum bitcoin price will reach in this month of June before it will hit back to $50k for those that invested to start earning from their investment. I think the crypto market is still looking good for people to buy and hold because the price will definitely increase higher next month for long term investors to smile again. This bear market is coming to an end soon because the market price is changing gradually for people to start experiencing the bull market.

[sayaya17]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!

Yes, that is the minimum bitcoin price will reach in this month of June before it will hit back to $50k for those that invested to start earning from their investment. I think the crypto market is still looking good for people to buy and hold because the price will definitely increase higher next month for long term investors to smile again. This bear market is coming to an end soon because the market price is changing gradually for people to start experiencing the bull market.

I like those of you who can still think positively with the current market conditions, we really have to believe in the future of Bitcoin. So don't hesitate
to buy Bitcoin at the current price, because the price of Bitcoin is already at a very low price right now. Besides, I think the bear market this year is
not as bad as what happened in 2018. Therefore, we should not panic about the current situation, and remain optimistic that the market will recover
in the near future. And hopefully your prediction is correct that next month the Bitcoin price will recover, but to return to the price of $50k like it still
takes much longer. According to my prediction by the end of this year Bitcoin can return to the price of $50k again and if that happens we can make
a big profit, because we have started buying Bitcoin from now on.

[fzkto]

really looks like mate!, wow this thread is really amazing, I appreciate this Bitcoin prediction,
if you look at 2018 it's also the same, Bitcoin price has dropped to $20k just like what you speculated,
hopefully this is the last bottom Bitcoin, let's go Bitcoin to $50k again!  

Panic has happened, but not as much as it was in 2018 and 2020, because there were large volumes then, and there have been no such volumes in the last few days. Likewise, there has not been a lot of buying now, which usually happens after a sell-off. There is also a big increase in bitcoin inflows to exchanges right now. There is likely to be more to come.

No, it won't happen like 2018 it will be very different from the current year the drop is now maybe $20k or below a little more the rest will not be as basic as 2018 for me predictions it won't happen.
I know there are more panicking than buying now but panic is not going to calm them down but my guess is that more people will stock up from now on to buy lower.
I'm sure some will be ready to buy from the bottom for the coming days and we'll see bigger volumes from this increase.

I think we may soon see the final panic, after which there are always large volumes of buying. Until such volumes appear, the fall in price may continue. Also note that bitcoins continue to flow into the exchanges, which are probably being moved there to sell. Another important indicator is the market capitalisation of Tether, which is declining rapidly, which may indicate that USDT is being moved into cash.

[peter0425]

I want to see this happening lower than what expected at least 50% fall? that will be a largest discount for me as I have a ready funds to buy more from that dumping stage.

Bitcoin has already lost 55% of its value in six months, what 30% and from what mark are we talking about?

I mean just this year alone , the 50% fall from what is the starting value of 2022 , in which happening now and this is what I wanted and waiting for.

A good discount starts at 20,000 and below, and I see how many people are waiting for this price to start buying,

yups , as I already bought today , and will not expand my waiting for any low because that is greediness for me . this 20k is a Biggest discount i ever had this year from 2021.

the market may not meet the expectations of these buyers and go up. But the likelihood of a move to $20,000 still remains in the medium term, when we enter the final bearish phase, similar to the one that was observed in early 2019, when Bitcoin was 85% cheaper than its past ATH.

I can't say anything because I am already contented to what I gather now.

[wiss19]

$20K won't be able to contain the panic and it's a weak support at the moment.

I don't know how people react to the market making similarities between 2018 and 2022, but it has happened, so I never thought it was a coincidence. Will we be at an 85% drop from ATH in 2022 and 2023?

Well, people got used to the drop before so they will not panic anymore and they know that btc can just recover on the right time but right now people seem to be more excited seeing this btc dipping because in their minds, they can now be able to got btc cheaply. We can't say that 20k is a weak support just yet because the price didn't fall under it but there's in fact a small recovery that happen. Pretty sure that people are overwhelmed when they figured out that there are similarities of the year 2018 and this current year. They will now have an idea if what to expect in the upcoming days, weeks, and so on..

It can be said that there is the same pattern between bitcoin 2018 and 2022, I still remember last june 2018 selling bitcoin when the price was $6800 or dropped more than 60%, and the same price also happened today, bitcoin price dropped more than 60%. Will the price trend continue to follow as happened in 2018? worth waiting for.

Interesting but I hope that you didn't sell your bitcoins this time but instead what you are doing is buying more bitcoins. There are some evidence already that btc in 2018 and btc in 2022 looks the same so maybe this trend will continue.

[livingfree]

I'm not worried. The pandemic came and we're at a global recession still bitcoin at $20k sounds good. But I guess we're going to see a peek from the price of under $20k.

It's like a matter of time only until we go back to under $20k which is very possible. The selling pressure is high and everyone's likely going to panic if it breaks that price below $20k.

[Pujangga]

What is happening with bitcoin today can be said to repeat the trend that happened in 2018, the market dropped more than 60% and made many investors panic and choose to sell at a low price, of course this is not a good choice but can reduce bigger losses .

[ShowOff]

I'm not worried. The pandemic came and we're at a global recession still bitcoin at $20k sounds good. But I guess we're going to see a peek from the price of under $20k.

Lol, are you still saying $20K sounds good if the bitcoins you currently have in your wallet were bought for around $65K? Some people will definitely worry about this correction but if they knew how the market works then they would probably buy anything on a dip and do a DCA to maximize profit opportunities if the price bounces back.

It's like a matter of time only until we go back to under $20k which is very possible. The selling pressure is high and everyone's likely going to panic if it breaks that price below $20k.

Panic, selling pressure and worries will affect the psychology of the market. This will certainly have an impact on someone's interest in entering the market, but I can be sure that anyone who already understands how the crypto market works will decide to buy and hold for the long term.

[Hypnosis00]

It's like a matter of time only until we go back to under $20k which is very possible. The selling pressure is high and everyone's likely going to panic if it breaks that price below $20k.

Panic, selling pressure and worries will affect the psychology of the market. This will certainly have an impact on someone's interest in entering the market, but I can be sure that anyone who already understands how the crypto market works will decide to buy and hold for the long term.

I actually consider this current situation is a perfect time to buy and fill our bag more. We are very certain that Bitcoin will recover someday and taking this chance is a great opportunity that we have to experience every 4-years cycle. I don't just focus on how the chart may close similar to the previous bear season and think that we follow the same path as I see that the mindset of the people had already changed. Maybe I was wrong but this bear season will never stay long unlike last 2018 - that I don't think we need to panic.