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ElaineGanda

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Quote from: MWesterweele on February 27, 2021, 04:59:00 PM

Quote from: ElaineGanda on February 27, 2021, 02:36:49 PM

Do you think guys, the market we have right now is better than the market we had 4-5 years ago? Is the bull run/pump that we have are better compare to 4-5 years ago? I can't fully quantify the data/graphs because of the complexity and complicated market situation. Maybe in top coins it is obvious that the market is better than before but how about the altcoins.

I must say yes we have been witnessed the continuous rising of bitcoin from the first mknth of this year up to the third week of this month, and here the price correction comes and we are now dealing with it. It is somewhat a better than before because i remember seeing the continuous downfall of bitcoin price in the market after the most awaited celebration to end and to start the year wayback 2017-2018. But as what we also been witnessed, altcoins are following the trend of bitcoin, which i didn't observed on the past what have been happened to altcoins way back then.

I see, I also remember that bitcoin ATH is only around $20k compare to the recent pump of btc which is $58k. But I noticed that the pump/bull run that we experienced last 4 years are better compare now because of the massive price increase both alt coins and top coins, not unlike what we experienced recently which only few and selected coins pumped.

bittraffic

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Quote from: Novatech8 on March 01, 2021, 02:40:50 AM

The fact is adoption won't stop bears from taking over but there will be difference is price low compare to what we've seen in past years, bitcoin may never go down beyond 20k again and that's a fact, the good move is take profits and wait for bear market to build portfolios again, crypto is just turning around in circle wise

Bears coming into the market is inevitable. Like any investor, we all will take profit.
Bitcoin could really dip low and it's not very appropriate for using anymore for it could only process less than 10 transactions per sec. I think Elon had already introduced something old but faster option for crypto users. There will really be a shift of coins that will happen like ADA that will finally take a bigger bite of the pie in crypto market.

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The fact is adoption won't stop bears from taking over but there will be difference is price low compare to what we've seen in past years, bitcoin may never go down beyond 20k again and that's a fact, the good move is take profits and wait for bear market to build portfolios again, crypto is just turning around in circle wise

ahoenk

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I think the bull run is still not over. Look at the chart in 2017 closely, this thing will be sideway for like 3-4 month and then continue the bull run. There is nothing wrong with the people which hodl long time ago want to cash out and buy some property, they will come back again in few month.

JeffBrad12

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Quote from: Bitbtc8 on February 28, 2021, 01:55:58 AM

Still the bear market will come because crypto space is a circle, even if biggest money keeps getting into crypto it won't stop red market from happening, do not be deceived it's better to take profits while you still can and wait for bear market to buy back again, look at ethereum it's down to 1300$ now

The new money that goes to the crypto is not equal to the total bitcoin that started to be dumped by the holders. it seems like this will be a very long time correction but the market is not getting a big impact.
The dump that happened is quite small compared with the old dump that happened a few years ago.
With the support from the institutional investors and it can reduce the dump for the cryptocurrency. We need more and more fresh money to enter the crypto market to end this correction.
The market is only trying to survive from the dump.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

We should be thankful we bridge the $40k level it's rewarding for long term holders and those who believe on Bitcoin when it was crashing because of the pandemic, I will not believe that the bull run is over, it's a correction and the market will continue to get better, if you are not buying this dip again, you have something to regret again in the last quarter of the month.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

Yes true this 2021 bullrun is differrent from 2017 bullrun. Because of pandemic crisis more fiat money are printed out of thin air thats why big companies or many people in general are looking for asset to invest to protect thier wealth from hyper inflations. One of the best performing asset that people choose is bitcoin and other crypto currencies.

Maybe in 2021, bitcoin will have a long bull run than what we saw in 2017 as bitcoin price does not yet touch the real ATH, although we already see the new highest price in $58k this month. When more big companies can see bitcoin's benefits to their company, they will try to invest in bitcoin in a small portion while they can see and analyze the bitcoin price movements. If they think that is what they are looking for, they will use big money to invest in bitcoin.

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Still the bear market will come because crypto space is a circle, even if biggest money keeps getting into crypto it won't stop red market from happening, do not be deceived it's better to take profits while you still can and wait for bear market to buy back again, look at ethereum it's down to 1300$ now

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

We are entering the 4th industrial revolution. Blockchain is changing the world. Just hold a bit longer and you will see.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

Without a doubt things are improving, some time ago I read that the estimated users of cryptocurrencies now has reached 100 millions, this is the equivalent of a whole country using cryptocurrencies, and I am sure we are going to come to the point in which we will reach a few billion users, once that is achieved then you will see bitcoin being accepted almost everywhere you go, which is exactly what the majority of us is looking for, and once that level of adoption is reached there will be nothing governments will be able to do to reverse this tendency.

Clement Kaliyar

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

The bull run this time is completely different than we had in the past as there are many institutional investors and big companies investing heavily in the market while in the past we knew that there were some huge investments coming in but had no clear picture about those investors but now things are more clear. The only question i have is whether these adoption is because of fears of economic slowdown due to pandemic and the fear of inflation and are they investing in bitcoin as an alternative market.

just_Alice

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Exactly! This bull run and the following correction is nothing like in 2017. There are several theories of what happened back then: from whales controlling the market to btc halving, or some secret large investor. The point is, no one actually knows what happened, because back then Bitcoin wasn't nearly as public as it is nowadays.
This time is a totally different story. You can basically track how the changes in Bitcoin's price correlated with various events and their announcements on the news. Everything is more transparent this time, IMO. Which is why, I think, no one should fear that there'll be a big drop in price like there was last time. There won't be.

nykka

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Yeah, today`s growth is different from what we saw in the 2017, but this shouldn`t confuse us. Market cycles repeat every time, so even if this bullrun seems different, we should be careful. I`m waiting for fall and for me it`s just a question of time. Don`t forget to take profit and don`t be deceived by overpositive thoughts from everywhere

lienfaye

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The bullrun this year is mostly because of the adoption of big companies that gave a huge impact to crypto market.

It became the reason too for other people to know about bitcoin due to their influence making their followers to engage themselves on bitcoin as well.

Thus the situation of bullrun 2017 is completely different now, there's no whales to move the market but its a support coming from establish and known companies.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

its completely different if we comparing this bull run and 2017/2018 bull run mate
because a lot of big company for example paypal and tesla joined this crypto industry now,
also the rise on defi with a lot of advantages for us give a good opportunity

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

This is the proof of legitimate investors who took part of the waves of success in cryptocurrency, a big slap for those who criticize bitcoin during those 3 years of journey of bitcoin. Ultimately, we've broke that record of successful trades, though we've missed several opportunities in the past but we still choose to move on and face the reality in life. As adoption went so high today, every year is getting more exciting for bitcoin and for entire cryptocurrency communities.

MWesterweele

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Quote from: ElaineGanda on February 27, 2021, 02:36:49 PM

Do you think guys, the market we have right now is better than the market we had 4-5 years ago? Is the bull run/pump that we have are better compare to 4-5 years ago? I can't fully quantify the data/graphs because of the complexity and complicated market situation. Maybe in top coins it is obvious that the market is better than before but how about the altcoins.

I must say yes we have been witnessed the continuous rising of bitcoin from the first mknth of this year up to the third week of this month, and here the price correction comes and we are now dealing with it. It is somewhat a better than before because i remember seeing the continuous downfall of bitcoin price in the market after the most awaited celebration to end and to start the year wayback 2017-2018. But as what we also been witnessed, altcoins are following the trend of bitcoin, which i didn't observed on the past what have been happened to altcoins way back then.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

That's what everyone should think about, not only about the price dropping or the altcoins they hold are in the reds. Most people would think that the bull run has ended just because they look at the price of their holdings dropping.
But the reality is if you look at the rate of institutional investors getting in, you'll be more than happy to accept the reality that we're not yet done with the bull run.

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Quote from: Looper_U on February 27, 2021, 12:54:25 AM

I almost got confused that the bullrun is over until I think about everything deeply again, here is what I think about, this bull season is not like 2017s, we don't have powerful people buying BTC this crazily in the past, crypto was never this popular and more supported in the past, Tesla, mastercard, PayPal, Microstrategy etc where not here before, even if the bull is slowly fading the high adoption rate still stands

You are definitely right on what you had said and its quite obvious that adoption and recognition level comparing into those past years is really different on what we are currently seeing as of this year.Basing off with numbers

of companies and big institutions then we can really tell the difference thats why even I wouldnt really believe on some very price crash just like in 2018 where almost the market didnt really able to recover it out and on deep

reds but it did shows that it wont really be just stopping there.Bitcoin does have the potential and it does able to prove out or even showing up its success in future years to come if this recognition and adoption will really continue into the future years to come.

Its really great to see on how far we've been able to go through.

ElaineGanda

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Do you think guys, the market we have right now is better than the market we had 4-5 years ago? Is the bull run/pump that we have are better compare to 4-5 years ago? I can't fully quantify the data/graphs because of the complexity and complicated market situation. Maybe in top coins it is obvious that the market is better than before but how about the altcoins.

Topic: Better than before - page 3. (Read 682 times)