Another Halving, Another ATH - page 4.

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Quote from: gantez on May 03, 2021, 05:20:00 AM

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

In the past, it looks like the halving and the bump comes hand by hand, but this last halving proves us isn't that way. First, we had the halving and it takes some months for the bump. So, maybe the miner could be involved in the past bump but not in this one. Because we know the big companies like tesla were the ones to send bitcoin price to the moon, and not the miners.

Clement Kaliyar

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Quote from: Yogee on May 03, 2021, 08:43:51 AM

Institutional investors will sell at some point but I don't think they'll be exiting this early. Maybe not until ETH at $10000 or Doge at $5 hehe.

I am glad that people are still optimistic about insane rallies in ETH, from $50 after the last crash to above $3000 is a huge rally but if you are expecting the market to explode further it will be too much of wishful thinking. Musk needs his spaceX shuttle and many billions for the price of to Doge to reach a dollar let along further valuation Cheesy

.

The market depends upon how long the institutional investors are willing to hold their assets and once they start booking their profit we will see the market stumbling down hard.

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Quote from: Lucius on May 03, 2021, 08:01:40 AM

Quote from: buwaytress on May 03, 2021, 07:34:02 AM

Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

Yes, something similar happen with ICOs in the past - people are too naive and have a short-term memory that will cost them dearly again in the end. When I just read how the OP thinks, then I can only conclude that some people have already drawn a thick end, and the game has not yet reached its peak.

It was pretty crazy in 2017/18, hard not to remember how people were literally talking with glazed-eyes about fantasy castles in the cloud. It's the very same look I see now on them videos of people gushing over just how amazing crypto and "DeFi" are -- these are smart people too, educated obviously, and yet duping themselves into ignoring how unsustainable the Utopias they talk about really are.

Like you said, they've already set their eyes on a strange beautiful horizon that only exists as a cyclical mirage they forgot they've seen before.

Yogee

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Quote from: gantez on May 03, 2021, 05:20:00 AM

...Now we are about a year from the last halving, we have also seen an ATH ,

Don't you think it's too early to call for ATH if you're going to use the same metrics from 2016-2017? BTC was just around $1400 in May 3, 2017 and previous ATH happened seven months later. Market makers today are also different from last time. Institutional investors will sell at some point but I don't think they'll be exiting this early. Maybe not until ETH at $10000 or Doge at $5 hehe.

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If that's the thing, we should be expecting more to come by the end of this year. That was the pattern of 2016 halving. Since the next halving happened last year, the effect of the halving compared to 2016, the actual bull run shall be by this end of year. But if this bull run that we have experienced very early, no matter when it is about to happen or if it has happened already, that's inevitable. Bitcoin has to keep up with the effect of the halving and the demand that has rose dramatically.

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Quote from: gantez on May 03, 2021, 05:20:00 AM

We may not see another major bull run that will take over from the current ATH of $64,863.10.

If you are already going to compare the halvings from 2016 and the last one from 2020, then at least take into account that ATH in 2017 was achieved only at the end of the year - so if we take that as a reference, then we have at least 8 more months until the end of this year - what end of the bull run are you talking about when he hasn't really even started yet?

Quote from: buwaytress on May 03, 2021, 07:34:02 AM

Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

Yes, something similar happen with ICOs in the past - people are too naive and have a short-term memory that will cost them dearly again in the end. When I just read how the OP thinks, then I can only conclude that some people have already drawn a thick end, and the game has not yet reached its peak.

totaleclipseofthebank

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Many coins, many choices. Halving is the best season for bitcoin and the cryptocurrency to be noticed. I do not know why but every halving always brings bull run. In the first bitcoin havling, we saw bitcoin strike more than 100 times. In the seconds halving, bitcoin climbed from $1000 to $20000 with numerous of altcoins projects. Now, we are in the 3rd bullrun where Defi, NFTs and bitcoin take all the spotlight and surge the whole world during Covid-19

I believe in the next halving, Bitcoin and cryptocurrency will not just increase their price but also become an important part of the commercial. They will probably reshape the current centralized system and make a world the better place

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64k is nowhere near the top of the current cycle, we’re going to double at least before the start of the next bear market. Alts are riding high now but a big % of profits always go back into bitcoin. Most alts are just used as vehicles to increase bitcoin stashes.

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Obviously, every halving and cycle won't be mirror images of each other and the way the alt markets react to Bitcoin won't always be exactly the same. Bitcoin holding sway over crypto hasn't changed, and we are already seeing some "solid" alts close to their 2018 peaks but every rally seems to purge out unfeasible coins and give birth to new contenders.

Definitely will see another strong halving event in 3 years amd I think it will see the same for the one after. People do need to be reminded of just how close we are to max supply... Once the dust from the hype and overvaluation of vapourware (this time it will be so-called defi), we'll get back to solid basics.

gantez

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Quote from: kotajikikox on May 03, 2021, 05:33:14 AM

Quote from: gantez on May 03, 2021, 05:20:00 AM

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

But in 2017 altcoins increase after Bitcoin dumps the price but now? bitcoin is still increasing and empowering the market so this is different from the last halving.

but anyway halving is near to come again in 2 years time , if this hype holds by Bitcoin till next year? then i can see something coming very high in this market.

Obviously it is the institutional investors that are making things a little different from the last halving. The price is still up while altccoins looking bull because huge money is still rushed into bitcoin. And by the time daily traders start pulling the little investment to altcoins with the hope of fast profit, we may see another different movement in the cryptocurrency market.

kotajikikox

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Quote from: gantez on May 03, 2021, 05:20:00 AM

We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

But in 2017 altcoins increase after Bitcoin dumps the price but now? bitcoin is still increasing and empowering the market so this is different from the last halving.

but anyway halving is near to come again in 2 years time , if this hype holds by Bitcoin till next year? then i can see something coming very high in this market.

tranthidung

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Quote from: gantez on May 03, 2021, 05:20:00 AM

Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

Bitcoin halving brought the new bullish period for crypto market. Ethereum is a follower of Bitcoin on the market but it is a leader for altcoins.

Bitcoin: leader of crypto market.
Ethereum: leader of altcoin market.

From which, you can expect a blossom of altcoins in coming months. Top altcoins will retest (at least) their 2018 or 2017 ATHs and strong altcoins will make their new all time highs in this year (or next year ?).

It is my speculation, choose one or a few to buy at good entry prices, then hold (for 2017-2018 ATH retest) or new ATHs.

Warnings

It is only good as investments
It is not applied for leverage trades, gambling. Your greediness will kill you (by liquidations from exchanges)
Along the ride of altcoins, you will see many market massacres, with Cascade effects along the journey
Generally, take care, control your greediness, and good luck

gantez

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We may not see another major bull run that will take over from the current ATH of $64,863.10. In 2017 when the ATH that many began to notice bitcoin happened, it was a year after and it started ranging, then heavy correction followed till the current halving. Now we are about a year from the last halving, we have also seen an ATH , I thinking we may be in ranging time now as altcoins are beginning to bull. Ethereum is running higher and now selling at $3,160 , other altccoins doing some increase ,it happened that way in 2017 .

Topic: Another Halving, Another ATH - page 4. (Read 754 times)