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Will the 2018 scenario be repeated?

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Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

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According to cryptocurrency experts, bitcoin is said to exceed $ 100,000 by the end of the year. It is necessary to compare the year 2018 with the year 2020. There was no covid-19 outbreak in 2018, and there was not so much internal turmoil in the USA. If you ask me when will bitcoin fall; First of all, the covid-19 epidemic should end, so experts predict that the epidemic will continue for at least 2 more years. Secondly, the internal turmoil in USA does not seem to be solved in 1-2 years.

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In particular, I think based on a series of analyzes and studies and by compiling from different sources that this year the same situation will not be repeated, since in 2017 the market was manipulated, something that this year is not happening. Now institutions and large corporations are entering, governments have initiated adoption, whales are withdrawing their Bitcoin assets from the market and storing it in their wallets, therefore there is no remote possibility that Bitcoin could go down like back then, it is It is logical to think that on the way to the rise it suffers a series of corrections, rather than Bitcoin falling as in previous years is very doubtful.

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Always act with conscience and a sense of camaraderie and every time you make a post, stop for a moment and review in detail the posts of other members around you, so that you can give your respective reaction. :classic_wink:

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Well @ibrahim halil anaç, @Barbarellah, I hope that this is true, with the decline in the market in general, there are fears of the continuation of the decline, but I hope that the situation this time is different from the year 2018 and I hope that we will witness more rises as everyone wishes.


 

 

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15 hours ago, Grizwold said:

@jackycrypto485 my friend thanks for making this content we had about that scenario but now Bitcoin currency is not so weak that if anyone can say that I declined off Bitcoin and the Bitcoin price is down Bitcoin is now shared with PayPal also many companies had shared with it so I can say that it could not even start to down price again but also destiny is not in my hands so let's see what happens

Yes, it is true, but look at the market today, you will see that Bitcoin fell from about 36,000$ to about 32,000$ and the decline is still continuing, also coins remained in the market almost all of them followed Bitcoin on its downward path.


 

 

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If price drops tomorrow to $20,000 then only it could be repeated. It will take three weeks to find but I think it will not be repeated. There will be required a series of negative events and news for Bitcoin to lose this strength and for the bull run to weakened. It is now at $31700 and dropped down to $30500, didn't went bellow $30,000 so this was probably it, but lets give it another day. If it drops lower it won't be the end either, I just hope it won't be as low as $20,000, there could be a lot of trouble then and a longer time will be required to confirm a change of trend.

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23 hours ago, jackycrypto485 said:

Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

Well, patterns have shown a hole lot of similarities between 2018 amd probably 2021, although some distinct differences are clearly visible 

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On 1/10/2021 at 9:33 PM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

I don't think these will be the part were the bull run will turn to bear run. I believe the price will still increase further more before the sudden decline starts 

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3 hours ago, Frodler said:

I don't think these will be the part were the bull run will turn to bear run. I believe the price will still increase further more before the sudden decline starts 

It is possible that your words are correct, after Bitcoin fell to 32000$, it rebounded to 34000$ and may continue to rise, surpassing the previous peak, however we have to wait a few days until we can judge correctly.

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9 hours ago, Froshk said:

Well, patterns have shown a hole lot of similarities between 2018 amd probably 2021, although some distinct differences are clearly visible 

I agrees, as there is now a huge chance that the 2018 scenario will be repeated and the BTC will make a U-turn. BTC is now stuck around the $34k, and all the small coins is in RED on trading chart.


Youtube ChannelSocial media Assets, Websites and Plugins are available in a very reasonable price 😇 TALK Token is also acceptable.

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That should be understood by everyone in the world of crypto currency that BITCOIN is a volatile coin meaning it's capable of pumping to the change in value with the support of some basic factors while falls down in price in control by same factors mentioned earlier. So it should be not be a surprise thing, whosoever is following Crypto updates will agree with that fact. Let focus on how maintain the values of our holdings by exchanging to USDt which is stable coin

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The decline in 2018 was rapid. It was dropping from $20,000 down to $10,000 in just a few hours if I remember correctly. The traders bought this dip, price reached $17000 again and then after failing to make a new high, it started the drop that ended months later at $3000. To have a bear market begin you need a top. I am 99% certain that $40,000 was not the top, but it may take another drop before price starts growing again maybe a new high will come a month or two later.

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I think the scenario is different, since the bull run in 2017 was starred by traders and small investors who manipulated the price based on the FOMO, while the bull run in 2020/2021 has been represented by institutional purchases, that is, for smart investments, nobody is speculating, it all depends on supply and demand.

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You are pointing a good aspect. Actually it can happen. I noticed that after reaching to $40000 it was decreased by $10000 now its again increasing. But some big experts are predicting that $40000 is not the peak point. Bitcojn is going to surprise many faces. Just think of the holders who were seeing the decrease of bitcoin from $40000.

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Hello, my friend. Based on my experience, I could conclude that we are still far from a repeat of the 2018 bear market. I believe that eventually there will be a bear market, but it is too early for that to happen. 
Well, there are many indicators, charts and news that point to the price of Bitcoin coming higher, but regardless of all that, it would be illogical for Bitcoin to stagnate at $40k after 3 years of a bearish market. It's only 100% since the 2017 ATH, practically nothing for Bitcoin if we look at the previous bull markets.
For that reason, I think it's most likely to continue rising. Of course, I like this correction too much, because it's very healthy for the market and will allow btc to increase in price during the next weeks or months.
Anyway, that's my thought and I may be wrong, but we'll see what happens in the coming months.
 

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On 1/10/2021 at 10:33 PM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

I do not think that it can actually be repeated. Today it has become less dangerous because a lot of money entered the vacant markets, and today there are many new investors in the field

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On 1/10/2021 at 10:33 PM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

I really do not think that it can be repeated today. Markets are really high and there are many new users in the markets. The matter today is bigger than last year.

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On 1/11/2021 at 1:33 AM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

Dude the scenario of 2018 is somewhat different with 2020 and 21 but things are seem to be repeating as there is fluctuation in the price of Bitcoin but hope so that it will increase its value and do not let it to fall because many investors are now showing their interest to invest in Bitcoin which will not lead them to fall in prices

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I do not think so, there are many differences between these two years, in 2017 it was a sudden rapid rise without warning, which led to the decline of Bitcoin after it, but now it was a gradual rise, meaning that there was a real purchase this time, I think the most severe A correction in Bitcoin happened two days ago when it touched $ 30,000, and it will start forming support points and continue rising now.

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I'm not sure the actual situation will be like the 2018 situation, because I think now Bitcoin popularity doubled or triplicated its popularity. In 2018, it was easy to be manipulated by some whales, now there are a lot of whales, investing on it, and I think their goal is to make Bitcoin on the moon around 100K.

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My dear friend I am also worried .if the scenario of 2018  will repeated we loss our money.people may leave crypto due to their loss.if it happen members fear from investing.i hope the price of bitcoin increase more..hope for the best.

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On 1/10/2021 at 12:33 PM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

I guess , i don't think the scensrio that happens to bitcoin in 2018 will repeat itself because then bitcoin has not gone viral as todays case , as of now the price of bitcoin has increase a little more again this shows that it will be very difficult for the price of bitcoin to fall down again.

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If you look at the chart after Bitcoin reached $20,000 in 2017 price dropped 50% in just days, it bounced but the bounce was weak and it dropped again. This much volatility and in negative terms, started the bear market. It ended the previous bullish cycle and started two years of bear market. This is how Bitcoin prices work when it enters these cycle.s

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6 hours ago, Sykkuno said:

If you look at the chart after Bitcoin reached $20,000 in 2017 price dropped 50% in just days, it bounced but the bounce was weak and it dropped again. This much volatility and in negative terms, started the bear market. It ended the previous bullish cycle and started two years of bear market. This is how Bitcoin prices work when it enters these cycle.s

Yes, it is true, but on the other hand, it can be said that the situation in the current year is slightly different from the year 2018 because the market at that time was dependent on the movement of individuals. Today, many big players have entered the game, I mean the large institutions that have purchased a large amount of Bitcoin and created This great demand and the rise in prices.


 

 

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On 1/11/2021 at 1:33 AM, jackycrypto485 said:

Will the 2018 scenario be repeated?
Hello my friends
Everyone knows that at the end of 2017, bitcoin reached its historical peak for the first time in its history, reaching 20,000$ and everyone was happy, but at the beginning of 2018 the big decline began and Bitcoin and all other currencies began to drop dramatically.
Now could the scenario be repeated after Bitcoin hit the highest ATH in its history and crossed 40,000$? I see the market started to decline but I do not know is this temporary, or is it time for a downturn?

This time BTC hit $42K all time highest price and roll back $10K but this was stopped and start again climbing. This shows the same scenario will not be repeated this time that time people were amateur and don't see the future picture where they prefer the present profit over future. But now the story is change, in past 3 years world feel the importance of BTC and many countries have adopted BTC and crypto. The U.S changes his attitude toward crypto and last the pandemic hit the final nail in Coffin. So far the price declining like 2018 will not gonna repeat this year. 

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This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
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