While it looked like crypto was coming to an end for some those of us who have been in this game for the last 5 years have seen this trend. The question stands does history repeat itself? Lets take a look at bitcoins trend year after year.
*All images are screenshots from bitcoin.com
2011
#2012
2013
2014
2015
2016
2017
2018 so far
These year to year snapshots are hard to pick up any type of trend as the swings seem to look to take place at different times. However when you start to break them down into the October - March instead of Jan. to Dec. it starts to paint a clear picture of sell off Late in December and then a period of downward or stagnate growth in around June to October however most major swings seem to happen around the July time frame.
What I think we are seeing at this moment is just a recovery in which we will return to a normalization of around 10k-15k bouncing around in there until July - October rolls around where it will spike again and we should see our 25k to 50k marks.
Totally guess work but when you really start breaking down the history trend it does seem to repeat itself. Its just that your numbers back then where $10 to a few hundred dollars and no where near the massive amounts we have seen now. Percentage wise all roughly the same it just looked bad because the value of bitcoin is so high.
This year's chart will look like the rocky mountains!
Steep climbs and frightening drops.
Keep your eyes on the prize though! What will it look like in five more years?
I'll be ready.
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I seriously believe it will be, if things continue like they have in the past we are either in for a rather stagnant growth year or one seriously explosive one. I don't see a downward trend however. Plus far to many good things are coming out for bitcoin and other cryptos that would for sure keep it from being stagnant. I believe we will start seeming more and more mass adoption in terms of game utilization, social media and even transactions made at stores.
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Sigh saying dear is like an insta flag lol
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it is going to be an interesting year that's a fact.
I am worried about the potential corrections we will face.
For people that sell when they see dips here and there it will problaby be a rough year.
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Think we already saw the dip for this year in terms of the massive one we see every year. There will of course be dips as we continue forward but the rest of this year looks on track to 25k to 50k by years end (which will result in a sell off again just like we have seen every year)
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This year is gonna be epic!. I agree with you that we have be free from this recovery before spiking and this will take quite sometime like you pointed out but we are only in February we will surely see $25k this year.
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I am skeptical that BTC will get any higher than its max has been, as some are potentially predicting, but I think that's good. As much as people love to make money on BTC's instability, it's better for the currency overall if it finds a reasonably priced home to hover about. The constant roller coaster is what gives skeptics ammo against its potential implementation! (I mean Fiat changes in price too, but admittedly not at the insane rates as BTC! Great observations!
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Ah yes but bitcoin is actually much more stable in terms of its wild swings now that it is at a much higher price point. Before we saw swings of 1000% and more on the negative side this time around we saw about 80% as more money goes into bitcoin the more stable it becomes as more parties are involved instead of one single user having a majority control to trigger ups and downs in the market.
One thing I really really hope that happens this year is people stop reacting to fake news (yeah we can all dream right lol)
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We all hope that will history repeat itself... but not with steemit, because it's going to be stronger and more popular.
thank you @bitcoinflood
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I just wish it's value will rise higher.
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The newbies thought everything was crashing and has come to an end. Now bitcoin is ready to moon. I can't wait for it to get to $50k. That's going be massive..
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Great job @bitcoinflood
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Thanks for this cryptocurrency news providing... i appreciate this post. keep it up
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i think cryptocurrency will recover his own rtae again if u see from last couple of days bitcoin is going up again slowly so let's hope it's recover soon @bitcoinflood
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@faruk1 Bitcoin graph chart is a very easy for understanding to all .
Thank you for this article.
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