{"id":466738,"date":"2021-07-02T17:30:07","date_gmt":"2021-07-02T17:30:07","guid":{"rendered":"https:\/\/wncen.com\/?p=466738"},"modified":"2024-06-11T13:56:47","modified_gmt":"2024-06-11T13:56:47","slug":"bitcoin-whale-warns-of-2018-vibes","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-whale-warns-of-2018-vibes\/","title":{"rendered":"Bitcoin Whale Warns Of \u201cNovember 2018 Vibes.\u201d What This Means"},"content":{"rendered":"

Known Bitcoin whale JOE007<\/a> compared current market trends to November 2018 trends. Calling it November 2018 vibes. This was in reply to a tweet<\/a> that called Bitcoin at $30K the new Bitcoin at $6K, referring to the market trends of 2018 when Bitcoin crashed after the bull market ended.<\/span><\/p>\n

Replying to the tweet, Joe tweeted<\/a>; \u201cExcept 5 times more expensive.\u201d With a follow-up tweet<\/a> that said, \u201cNovember 2018 vibes, anyone?\u201d<\/span><\/p>\n

This is a nod to the November 2018 crash when Bitcoin fell and lost over 80 percent of its value from the beginning of the year 2018. <\/span><\/p>\n

Bitcoin Set To Crash More?<\/span><\/h2>\n

A November 2018 movement for Bitcoin would mean that Bitcoin still has some falling to do. While Bitcoin has lost a good percentage of its all-time high, there is still a long way to go since the asset has only lost about 60% of its value so far.<\/span><\/p>\n

Related Reading |\u00a0Bitcoin Could Fall To $10K, Louis Navellier<\/a><\/strong><\/em><\/p>\n

Despite bullish sentiments in the market, the price of Bitcoin hasn\u2019t picked up much in recent months. Mostly held in the $30K price range for most of that time. Bears are trying to drag the price further down. Getting it to a point where it would be more profitable to buy. But that has not been the case as traders have managed to get the price back over $30K and keep it there.<\/span><\/p>\n

November 2018 market trends would see the price of Bitcoin crash back to $12K. This would be the point at which Bitcoin will have lost over 80% of its all-time high. Putting the market right in a bear market. But regardless, $12K is still a higher price than the $3,878.66 low that Bitcoin hit in November 2018.<\/span><\/p>\n

The price of Bitcoin had fallen a whopping 37% percent in that month alone. And that\u2019s how the subsequent bear market started, which lasted straight into 2020 until prices started picking back up. Leading us to the current bull market wave that the market has been riding up until this point.<\/span><\/p>\n

Prices To Pick Back Up?<\/span><\/h2>\n

Responding to a question about if he was ever bullish on Bitcoin, Joe explained that he believes the price would go back up eventually. Much higher than current prices. But for now, the Bitcoin whale seems to remain bearish on the market.<\/span><\/p>\n

\"Bitcoin<\/a><\/span><\/p>\n

Bitcoin up 0.43% in 24 hours | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
With each bull market comes a bear market. The hard part is predicting when the bull market ends and where the bear market begins. With investors dumping their coins, it would seem that people do not believe that the price has hit its bottom yet.<\/span><\/p>\n
Usually buying happens when investors start to see that the bottom is imminent and it was time to get back in before a rally.<\/span><\/p>\n
If whales are seeing November 2018 vibes in the market, does that mean that the prices are more likely to go down than up? It could. But predicting Bitcoin price movements has never been an easy feat. The market\u2019s volatility makes it so that price movements are usually erratic and predictions are mostly just opinions.<\/span><\/p>\n
Prominent figures like Jim Cramer have said he has sold his bitcoins<\/a> as they predict a further crash coming. While others like Billionaire Ricardo Salinas have said<\/a> that investing in Bitcoin was the best thing for any portfolio.<\/span><\/p>\n
Related Reading |\u00a0Why Bitcoin Could Still Hit $100K This Year<\/a><\/strong><\/em><\/p>\n
Analyst John Bolinger said last month that Bitcoin was going to reclaim $50,000<\/a>. With billionaire Tim Draper giving an even staggering prediction<\/a> of Bitcoin hitting $250,000 by the year 2022.<\/span><\/p>\n
But most of these are just speculations. Institutional investors are still bringing their money into the market. Although it seems that it is not enough to move the price of Bitcoin upward.<\/span><\/p>\n
Bitcoin is currently trading at $33,400, up 0.43% in the last 24 hours. With an overall market cap of approximately $627B.<\/span><\/p>\n
Featured image from Nairametrics, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Known Bitcoin whale JOE007 compared current market trends to November 2018 trends. Calling it November 2018 vibes. This was in reply to a tweet that called Bitcoin at $30K the new Bitcoin at $6K, referring to the market trends of 2018 when Bitcoin crashed after the bull market ended. Replying to the tweet, Joe tweeted; \u201cExcept 5 times more expensive.\u201d With a follow-up tweet that said, \u201cNovember 2018 vibes, anyone?\u201d This is a nod to the November 2018 crash when Bitcoin fell and lost over 80 percent of its value from the beginning of the year 2018. Bitcoin Set To Crash More? A November 2018 movement for Bitcoin would mean that Bitcoin still has some falling to do. While Bitcoin has lost a good percentage of its all-time high, there is still a long way to go since the asset has only lost about 60% of its value so far. Related Reading |\u00a0Bitcoin Could Fall To $10K, Louis Navellier Despite bullish sentiments in the market, the price of Bitcoin hasn\u2019t picked up much in recent months. Mostly held in the $30K price range for most of that time. Bears are trying to drag the price further down. Getting it to a point where it would be more profitable to buy. But that has not been the case as traders have managed to get the price back over $30K and keep it there. November 2018 market trends would see the price of Bitcoin crash back to $12K. This would be the point at which Bitcoin will have lost over 80% of its all-time high. Putting the market right in a bear market. But regardless, $12K is still a higher price than the $3,878.66 low that Bitcoin hit in November 2018. The price of Bitcoin had fallen a whopping 37% percent in that month alone. And that\u2019s how the subsequent bear market started, which lasted straight into 2020 until prices started picking back up. Leading us to the current bull market wave that the market has been riding up until this point. Prices To Pick Back Up? Responding to a question about if he was ever bullish on Bitcoin, Joe explained that he believes the price would go back up eventually. Much higher than current prices. But for now, the Bitcoin whale seems to remain bearish on the market. Bitcoin up 0.43% in 24 hours | Source: BTCUSD on TradingView.com With each bull market comes a bear market. The hard part is predicting when the bull market ends and where the bear market begins. With investors dumping their coins, it would seem that people do not believe that the price has hit its bottom yet. Usually buying happens when investors start to see that the bottom is imminent and it was time to get back in before a rally. If whales are seeing November 2018 vibes in the market, does that mean that the prices are more likely to go down than up? It could. But predicting Bitcoin price movements has never been an easy feat. The market\u2019s volatility makes it so that price movements are usually erratic and predictions are mostly just opinions. Prominent figures like Jim Cramer have said he has sold his bitcoins as they predict a further crash coming. While others like Billionaire Ricardo Salinas have said that investing in Bitcoin was the best thing for any portfolio. Related Reading |\u00a0Why Bitcoin Could Still Hit $100K This Year Analyst John Bolinger said last month that Bitcoin was going to reclaim $50,000. With billionaire Tim Draper giving an even staggering prediction of Bitcoin hitting $250,000 by the year 2022. But most of these are just speculations. Institutional investors are still bringing their money into the market. Although it seems that it is not enough to move the price of Bitcoin upward. Bitcoin is currently trading at $33,400, up 0.43% in the last 24 hours. With an overall market cap of approximately $627B. Featured image from Nairametrics, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":466740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,15232,1119,1144,78790,79520],"class_list":["post-466738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-whale","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtcusd"],"acf":[],"yoast_head":"\nBitcoin Whale Warns Of \u201cNovember 2018 Vibes.\u201d What This Means<\/title>\n<meta name=\"description\" content=\"Known Bitcoin whale JOE007 compared current market trends to November 2018 trends. Calling it November 2018 vibes. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Whale Warns Of \u201cNovember 2018 Vibes.\u201d What This Means","url":"http:\/\/wncen.com\/news\/bitcoin-whale-warns-of-2018-vibes\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-whale-warns-of-2018-vibes\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/download.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/download.jpeg?fit=300%2C168"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin whale","btc","btcusd","btcusdt","xbtcusd"],"dateCreated":"2021-07-02T17:30:07Z","datePublished":"2021-07-02T17:30:07Z","dateModified":"2024-06-11T13:56:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Whale Warns Of \\u201cNovember 2018 Vibes.\\u201d What This Means\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-whale-warns-of-2018-vibes\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-whale-warns-of-2018-vibes\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/download.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/download.jpeg?fit=300%2C168\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin whale\",\"btc\",\"btcusd\",\"btcusdt\",\"xbtcusd\"],\"dateCreated\":\"2021-07-02T17:30:07Z\",\"datePublished\":\"2021-07-02T17:30:07Z\",\"dateModified\":\"2024-06-11T13:56:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/download.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466738"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=466738"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/466740"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=466738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=466738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=466738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}