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    Author Topic: History is repeating itself or not?  (Read 494 times)

    • pixie85
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    January 01, 2021, 04:54:29 PM
     #21
    There was a lot of speculation around Trump because he was to be the free market president, a businessman. He also had some pro bitcoin people in his staff but he ended up being a USD supporter and a president of the rich.

    Hype and speculation can work wonders for bitcoin but the users have matured a lot since then and as you can see moves are less volatile now than they were 5 years ago. We've even managed to break free from the S&P influence a bit.

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    January 01, 2021, 05:36:34 PM
     #22
    Quote from: ImHash on January 01, 2021, 01:42:40 AM
    Ps, non-english user here, will improve my grammar.
    Your English writing skills isn't that bad, judging from what I have read here. However, what is bad are the hypothesis you've conjured up about Bitcoin rise in price. They're simply irrelevant. Bitcoin price isn't in any way connected to the US election or any particular individual. Bitcoin is decentralized. No single person can influence it. The surge in price is occasioned by the halving that took place earlier in 2020. You just wait for the real effect this year. Every post Bitcoin halving year has always favoured Bitcoin. I expect price to continue to spiral up.
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  • cheezcarls
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    January 01, 2021, 05:53:25 PM
     #23
    Quote from: ImHash on January 01, 2021, 01:42:40 AM
    First of all, hello everyone, I'm back after a few years.
    So much has changed, glad that forum is still here.

    To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
    I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
    What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


    Ps, non-english user here, will improve my grammar.

    We can't simply determine if the history is going to repeat itself. Like the big bull run in 2017 and was followed up by the big bear market the following year? It can be possible, especially about paying crypto taxes somewhere in mid-April, etc. But I believe that the market has matured more because of the institutions and other well-known firms are now getting into crypto, so I think a pullback would be lesser than before. But again, that's just my opinion as the market cannot be predicted easily.

  • enhu
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    January 01, 2021, 05:53:39 PM
     #24
    History will keep repeating itself. The bear market will repeat itself and the bull run will also repeat itself regardless of who or whichever party won, either demo or rep, bitcoin history will keep on repeating. It did happened before and will happen over and over. The altcoins however isn't following the steps.

    I wouldn't be saying its final though. Altcoins will probably follow, it just have its own pace of  time. Who knows maybe after a year or two altcoins will also rally.
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  • ChrisPop
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    January 01, 2021, 06:03:25 PM
     #25
    I don't think the US elections played an important role in the current Bitcoin bull run. It's just a matter of supply and demand, institutions are getting into the game and adoption increasing. People around the world own and trade Bitcoin, it is not just a "top countries" game.

    Quote from: ImHash on January 01, 2021, 01:42:40 AM
    What I would like to know, are we gonna see history repeating itself like before or this time is different?

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  • XCANA
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    January 01, 2021, 06:38:41 PM
     #26
    I don't see history writing itself becasue the past life of this technology compare to now can't be compare, there were no much institutional investors in this technology compare to now. What bitcoin price worked with in the past wasn't much of these elections from the US but with good information across the globe, also, bad information made some impact in it price too. The current wave Bitcoin is making is due to it institutional investors moving into the technology for investment.

  • Silberman
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    January 01, 2021, 06:58:36 PM
     #27
    Quote from: ImHash on January 01, 2021, 01:42:40 AM
    First of all, hello everyone, I'm back after a few years.
    So much has changed, glad that forum is still here.

    To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
    I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
    What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


    Ps, non-english user here, will improve my grammar.
    Events never repeat themselves perfectly, there can be some similar aspects but at the end we cannot base what the price of bitcoin will be based on the past, the world has changed a lot during these four years, especially 2020 was a critical year for bitcoin, the coronavirus changed everything, people made the realization that in the case of a big enough crisis they are on their own and the government will not help them, the price of bitcoin went down at first but then it has surged dramatically and since the coronavirus continues to ravage the world since the vaccine cannot be produced fast enough then I think the price will continue to go up for quite some time.

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    January 01, 2021, 07:18:33 PM
     #28
    The biggest Bitcoin disappointment, for me personally, was during the Trump mid-term. Nothing to repeat here with Biden's election, I found this irrelevant to the Bitcoin price and the current bull run.
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  • Quidat
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    January 01, 2021, 08:36:15 PM
     #29
    Quote from: ImHash on January 01, 2021, 01:42:40 AM
    First of all, hello everyone, I'm back after a few years.
    So much has changed, glad that forum is still here.

    To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
    I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
    What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


    Ps, non-english user here, will improve my grammar.

    When it comes to fundamentals or situations like this like elections etc. then i dont see for it to be correlated to dictate on what would be the price movement in the market.
    Also, i would like to welcome you again into this forum and i would say that there are lots of changes specially or mainly in talks of adoption rate or acceptance.
    If you are aware then i would tell you that lots had already accepted bitcoin and the main one is Paypal. Adoption level isnt something that is the same into those
    previous years on where you are still online and active into this place.

  • nzkn
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    January 01, 2021, 09:49:30 PM
     #30
    Joe Biden's win will make the us political ecosystem back to normal. In other words, It has negative impact on BTC' value.

  • hatshepsut93
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    January 01, 2021, 10:01:20 PM
     #31
    For majority of its history, Bitcoin price was going up. You can find correlation with anything you want - moon phases, hurricanes, elections, etc. If you're trying to prove a connection, you need to explain the mechanism of why certain event influences the price. In this case, it doesn't make much sense for Bitcoin to have such major movements because US president changes - US presidents don't really care about Bitcoin.

  • MCobian
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    January 01, 2021, 10:27:41 PM
     #32
    I am among those who believe that history will repeat itself, I believe Bitcoin will be corrected in 2021. Even though the fundamentals of Bitcoin
    are currently much stronger than Bitcoin in 2017. Because since 2020 there have been many large companies interested in Bitcoin and eventually
    investing in Bitcoin. This is one of the reasons why the current Bitcoin price continues to rise, but that does not mean it is safe to invest in Bitcoin.

    Because I believe Bitcoin will fall in price, because in order for the market to look healthy it needs correction first. Therefore, I believe that the history
    that happened in 2017-2018 will repeat itself, and it will probably happen this year. So take profit if the Bitcoin we have is already profitable.
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  • maxreish
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    January 01, 2021, 10:35:30 PM
     #33
    It may be possible. But seeing how bitcoin rise up as of today, it will gonna be hard to dump hard like $4k as before. There maybe many corrections but will not hit that $4k unless we are in $10k right now. There is a strong signs of bullish market as many reasons are causing this meteoric rise.

    I remember when bitcoin was that low as $3.5k to $4k and was able to hold until now, so if that happens it's an opportunity for most of us here to accumulate more. No worries if history may repeat itself this 2021, as log as we manage well and do cut loss, then take off your profit.

  • Silberman
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    January 05, 2021, 09:31:28 PM
     #34
    Quote from: nzkn on January 01, 2021, 09:49:30 PM
    Joe Biden's win will make the us political ecosystem back to normal. In other words, It has negative impact on BTC' value.
    The political system will be back to normal that is true but the economic system is going to be even worse, I am sure their money printing policies are going to take a turn for the worse as the government does not know how to solve any crisis except by printing more money, but what will they do when the crisis itself is caused by printing money? Print more money of course.

    And the more money is printed the fastest the loss of value of fiat against everything else and the faster the growth of bitcoin will be, so if anything I think he will be even better for the price of bitcoin over the long term.

  • Kelvinid
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    January 05, 2021, 10:16:40 PM
     #35
    I'd never seen that the market repeating what happens before as its trend makes a huge difference. But for me, this is the making of another history in the crypto journey.
    The price before was just shooting up because of a certain market manipulation made by whales but the current situation is not, and this is because we are truly into digital transformation. People are buying bitcoin for future use, not for investment only.

  • hahay
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    January 05, 2021, 10:29:43 PM
     #36
    I absolutely don't associate the bitcoin market with the US elections because I think the bitcoin market is not only about the US so there is nothing to relate to the bitcoin price, it is a public market that is not centralized with the US. The seasons change and it has been known beforehand that even the halving event will trigger the coming season and that has been proven after a year later, it also proves if market events are repeated and not about the US election because it has nothing to do with the election.

  • Delisaara
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    January 06, 2021, 06:18:06 AM
     #37
    I think history will not repeat itself, bitcoin this time is not the same as in 2017, bitcoin now has many large investors, many large companies who believe in bitcoin for investment.  So I think Bitcoin will be more expensive in the future.  even if the bitcoin price goes down it's just a correction.
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