Getting early 2018 top vibes! | Bitcointalksearch.org

bitterguy28

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Quote from: Obito on January 10, 2022, 12:43:53 AM

I wouldn't say it's 2018 vibes, pretty sure that there's something more to all of this happening, probably it's because crypto has gotten bigger already and people are starting to think that it's not that bad to consider getting in that's why we have those events happening, those kinds of things or any similar events didn't happen in 2018 so I am not sure how similar it is.

Well you are questioning the legitimacy of 2017 Bull market as that is not a quality pump instead 2021 does? is this what you are pointing here mate? i may consider that same but as long as there is some kind of manipulation is happening i will also consider this as like what happened in 2018 in which after Bitcoin bullrunning then altcoin season comes.
but this year is different because altcoin is also dumping together with bitcoin not like before that even before 2017 ends the price of bitcoin starts to dump and early January altcoin season was born.

Quote from: philipma1957 on November 08, 2021, 07:58:51 PM

its easy bro up 🆙 and away😊

no worries at all.

This is the spirit we all wanted to see posted , Thanks for this mate .

Obito

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I wouldn't say it's 2018 vibes, pretty sure that there's something more to all of this happening, probably it's because crypto has gotten bigger already and people are starting to think that it's not that bad to consider getting in that's why we have those events happening, those kinds of things or any similar events didn't happen in 2018 so I am not sure how similar it is.

adaseb

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Giving this a bump. I actually forgot I created this topic. I made this on Oct 28th and we topped less than 2 weeks later on Nov 10th. Honestly I really believed we would have at least 1 more leg up, into the $70's range before dropping. I didn't expect $69K to be the actual top.

Reading the main post again, I can now see how the signs were obvious and hindsight is always 20/20. Especially when people were getting home equity lines of credits and using that money to buy crypto or people quitting their jobs to trade full time.

mikeywith

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be constructive or S.T.F.U

Quote from: adaseb on November 10, 2021, 09:49:56 PM

Not even during the peak 2017 did I run into so many people who are talking about trading. Way too many people are making too much money trading these days. This can’t end well.

"The market can remain irrational longer than you can remain solvent.”.

I understand your concern but you need to be bullish in a bullish market like this one, there is only 1 peak and so many tops, every new ATH is more likely NOT the last rather than the opposite, it's really like betting on a ball that's spinning to stop in the next second, a spinning ball is always likely to keep spinning the next second unless you have the measures in place to actually stop it.

With that said, there is nothing wrong with taking some profit if you treat bitcoin as a short to med term investment, DCAing your way in and out of any market will usually be your best move in the long run.

philipma1957

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Quote from: adaseb on November 10, 2021, 09:49:56 PM

So today I was eating at a restaurant. It wasn’t one of those fancy dark lite places but something like a Denny’s only slightly fancier. And sitting right next to me was some douchy looking dude wearing sun glasses, indoors. He is ever so cool.

Low and behold I look at his phone and I see he has Binance open. He is talking to his girl friend saying “When i get a signal I click Green to Buy and Red to Sell”.

He also said some douchy things like “Most people got real jobs but I just do this and make way more money”.

So obviously this is a top signal more or less. People without class basically quitting their jobs to trade crypto full time”.

Seems this is becoming almost a daily occurance, you are shopping and someone is talking about Dogecoin, or Shibacoin or Tesla, etc.

Not even during the peak 2017 did I run into so many people who are talking about trading. Way too many people are making too much money trading these days. This can’t end well.

We are not there yet. Maybe in 8 months to a year. Not right now.

adaseb

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So today I was eating at a restaurant. It wasn’t one of those fancy dark lite places but something like a Denny’s only slightly fancier. And sitting right next to me was some douchy looking dude wearing sun glasses, indoors. He is ever so cool.

Low and behold I look at his phone and I see he has Binance open. He is talking to his girl friend saying “When i get a signal I click Green to Buy and Red to Sell”.

He also said some douchy things like “Most people got real jobs but I just do this and make way more money”.

So obviously this is a top signal more or less. People without class basically quitting their jobs to trade crypto full time”.

Seems this is becoming almost a daily occurance, you are shopping and someone is talking about Dogecoin, or Shibacoin or Tesla, etc.

Not even during the peak 2017 did I run into so many people who are talking about trading. Way too many people are making too much money trading these days. This can’t end well.

philipma1957

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'The right to privacy matters'

its easy bro up 🆙 and away😊

no worries at all.

adaseb

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So Elon Musk basically caused huge panic over the weekend about selling billions of his Tesla shares. People were expecting massive 20%> drop, and it dropped about 2-3%. The SP500 about to break to new high, Dow already broke, ETH broke new ATH and BTC about to break ATH pretty soon.

Does any of this make sense? It seems that people are throwing their money into anything these days , even way over-bought stocks like Tesla. Then you got more Tether prints this week.

There are many people who quit their jobs to go full time in stocks and crypto. You got inflation crazy high. Supply shortages on some items.

Honestly it can go either way. Can go to $250K or it can peak at $75K. Impossible to predict any markets these days. Its a coin flip.

michellee

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The top price for bitcoin and ethereum and the other coins is on the way so we can hope that can happen before this end of the year or next year in Q1 or Q2. I am sure many scenarios that we can make related to this situation but we can only guess that without knowing what will happen later. I just want to prepare myself with all of the coins I have because I believe that some of that coins will reach the next ATH, including bitcoin, ethereum and BNB, while ethereum already gets the new ATH before.

So enjoy this moment while we can buy the dip for the coins that have the potential to rise higher. But be careful, there is no guarantee that this situation will continue so we need to prepare ourselves for the worst thing.

philipma1957

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'The right to privacy matters'

Quote from: Poker Player on November 02, 2021, 02:24:11 AM

Quote from: philipma1957 on October 30, 2021, 06:46:29 AM

Quote from: buwaytress on October 30, 2021, 04:45:10 AM

Quote from: philipma1957 on October 29, 2021, 04:33:46 PM

I see someone loosing their nerve.

This is a good time right now look for BTC dips and be ready for them.

I remember end of 2017, early 2018 quite well for this reason. Long-term Bitcoiners (supposedly)... people who'd been in it for years, far longer than me the newcomer, telling me they've lost hope. They saw $20k as the impossible price that was nice to get, and yet ultimately signalled the end. Regulations, the rise of alts, a lack of interest or willingness from institutions or doubletracking from them.

It surprised me then, and it surprises me now that people would lose faith after Bitcoin's proven itself time and again.

Enjoying every satoshi I can get before the real peak comes.

exactly right. Stack the sats and have no fears.

I am with you both on this one. I don't know if the OP and others who think like him are concerned because they are thinking of selling. As I am still in the accumulation phase, I prefer the price to go up, but if it doesn't go up I buy cheaper.

Everything points to the best is yet to come. I would see the defeatist messages as more logical if we were at the end of December at these levels and without having broken the previous ATH.

Yeah lots of negative posts tired of it.

We had a nice long up move from july of 2020 for eth.

and from sept of 2020 for btc.

most of the other coins don’t have a ton of value.

Maybe the ltc/doge double coin algo.

once again I stress to think crash now is simply too soon.

but if we see strong hash rate gain in asic gear I see a possible 2018 repeat 🔂

Poker Player

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Quote from: philipma1957 on October 30, 2021, 06:46:29 AM

Quote from: buwaytress on October 30, 2021, 04:45:10 AM

Quote from: philipma1957 on October 29, 2021, 04:33:46 PM

I see someone loosing their nerve.

This is a good time right now look for BTC dips and be ready for them.

I remember end of 2017, early 2018 quite well for this reason. Long-term Bitcoiners (supposedly)... people who'd been in it for years, far longer than me the newcomer, telling me they've lost hope. They saw $20k as the impossible price that was nice to get, and yet ultimately signalled the end. Regulations, the rise of alts, a lack of interest or willingness from institutions or doubletracking from them.

It surprised me then, and it surprises me now that people would lose faith after Bitcoin's proven itself time and again.

Enjoying every satoshi I can get before the real peak comes.

exactly right. Stack the sats and have no fears.

I am with you both on this one. I don't know if the OP and others who think like him are concerned because they are thinking of selling. As I am still in the accumulation phase, I prefer the price to go up, but if it doesn't go up I buy cheaper.

Everything points to the best is yet to come. I would see the defeatist messages as more logical if we were at the end of December at these levels and without having broken the previous ATH.

pooya87

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Quote from: SquallLeonhart on October 31, 2021, 12:56:59 AM

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Does it mean that now we are in the middle of bull run? Indeed that must be a great speculation to have. Honestly market is not trading like how it will do usually by the times of last quarter of a bullish year. It seems like market is trading with the expectation of external trigger to continue upward. Usually all stronger rallies are including sideways in the beginning so this time cannot be an exception.

Not the middle but near the end. At the same time we are far from being "at top". Keep in mind that the top that was reached by the end of 2017 wasn't just an ATH it was a bubble. You should know there is a difference between them. $1500 was also an ATH in 2017, so was $6000 but neither were "the top". Instead $20000 was both the top and an ATH.
Saying $60k+ is like the 2017 top is equal to saying we are in the same bubble and price has to dump similarly and reach $12k (-80% drop) which is literary impossible.

Quote

If we are going to have bull run in 2022 as well then the ATH may occur around 25x of 2017's ATH and not just 10x or 20x like we had in previous bull runs.

If we are looking at the cycle then in my opinion we should use the bottom as the starting point not the previous peak. Which means the 2017 rise was a 133x rise not 20x and for this rise to be of equal size price has to reach $400k+.
Whether it can or not is a different discussion, I believe it has the potential to repeat it once again since the first 3.5 years have been similar and the remaining 0.5-1 year could duplicate the same behavior. But at the same time if it didn't repeat the same pattern then we can also no longer expect the same long bear market with 80% drop. Lack of repetition and not reaching $400k would be the end of 4-year cycles as we know it.

yhiaali3

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The second scenario seems closer to happening in my opinion, soon there will be a big pumping of BTC and there will be a big explosion in the market, whether for Bitcoin or Altcoin, perhaps it will be the largest in the history of Crypto so far and we will witness a new ATH to the market in general, but then the whales will sell BTC for USDT / Fiat, at that time This cycle will have come to an end and we will need about 2-3 years (probably after the next halving) to come back to see these numbers again.
In my opinion at the end of this cycle all meme and NFT, DeFi tokens will be eliminated as happened to ICOs in 2017-2018, I hope this cycle will clean up every shitcoin.

Fundamentals Of

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That's a lot. There's just too much to digest here but I think this is not the 2018 vibes. This is more like another level of crypto and Bitcoin adoption. The circumstances surrounding the very bearish year of 2018 are a lot different than the circumstances surrounding the crypto market today and in the following year.

2018 saw an overselling of Bitcoin. 2022 might see a stronger demand for Bitcoin. Another country might even adopt Bitcoin as an accepted currency.

romero121

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It is all about the price that differs with time. During the year 2018 it was Japan that initiated the price pumping through its massive adoption. How effective is the adoption, because by that time the government came forward and insisted to add bitcoin acceptance into the business and educate people to use it. This is something like a futuristic vision, and very few will have such a thinking during those days.

In some parameters the growth pattern is identical. What Japan did in the past is now followed by EL Salvador. By that time many countries were believed to follow Japan, but nothing big took place as market turned bearish. This time some countries seems to have regulated access soon.

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Quote from: GreatArkansas on October 28, 2021, 11:37:48 AM

I'm glad I saw a post like this.
I am also worried this time, feels like 2017-2018. For sure for those people who experienced the bull market and how it flipped will know the feeling and might have a clue or sign when that will happen again.

A lot of people also claim that this is a double top since a few months ago we were able to record a new all-time high around $64, xxx.

I am not bearish on Bitcoin now, especially how Bitcoin or crypto market cap is bouncing for every dump especially a few days ago. But we should be prepare and be realistic on price targets, we will get there but we should respect the time.

We're getting very close to the point where the market momentum would turn bearish. I was here during the 2017-2018 epic run and it was at the point when everyone was going haywire with the "buy buy buy" was when the market crashed hard, really hard. But I do not think that we're at the top yet since Bitcoin has some more price levels it has to reach before we can say that the price is at the peak.

That's why I've taken a more conservative approach to how I buy, sell or trade now.

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Quote from: darewaller on October 30, 2021, 08:51:01 AM

I had watched bull market in 2013 and the bear market in 2014 and also bought some bitcoin when it was trading below $200 in January 2015. Still, I failed to act by the end of 2017 to sell and buy back bitcoins so that I could have enjoyed at least 4x more bitcoins by this time. I believed into continuation of bull run into 2018 but market reacted exactly same manner and showed us up to 80% downfall.

Some people are speculating about continuation of bull run into 2022 this time but not sure what will happen. Only time will answer, I am just watching exactly how I did by the end of 2017.

It is nice to see another person who has been around here as long as I have been. Most people I talked to get in during 2017 period, and very few got in during 2014 bull period, rarely I end up seeing someone who got in before 2014, I have been here since late 2012 and it has been a wild wild ride. BNB has double or even triple the amount of marketcap that I saw bitcoin in, I remember bitcoin having less than half of bnb's current market cap when I first got in. Not all of us made insane returns, people assume that just because we have been around for longer, that means we made more money and got rich super insanely.

Someone who bought shiba 1 year ago or so, and still hold it today, made more return than I have ever made in my 9+ years in crypto. It is not about being here longer, it is about being able to sniff out the best returns. 2018 was a different beast, it was a very big crash, I doubt that we will ever have that type of crash again, I saw many drops before and after 2018 and none was like that.

adaseb

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Remember back in late 2017 when the Crypto markets were going so crazy and KFC decided to accept Bitcoin?

https://twitter.com/kfc_canada/status/951550065411313664

Now Crypto markets are going crazy again and we see this

https://twitter.com/McDonalds/status/1455174998264586243

Its good that history never repeats itself....

Keep in mind that KFC isn't as large as McDonalds. And this was only offered in Canadian KFC stores. That tweet which is 4 years only and only got 6K likes, the Mcdonalds tweet is 2 hours old and already has 10K likes...

EDIT:

Few hours later and this is what is being displayed on the NASDAQ exchange in Wallstreet in New York City

https://twitter.com/punk6529/status/1455208066186727430

EDIT 2:

There was a token called $Squid. People have been buying it like crazy. Price went from $0 to $6 a token in a matter of hours. And guess what. You couldn't sell this token at all.
People just started buying it like crazy because it was a Netflix show MEME, nobody read how it works exactly. Nobody read the whitepaper (even if there was one). Apparently only way to sell was to play some game which was very expensive to play. Then the dev did a massive rug pull. Reminds me of the ICO days when people bought ICOs which even said "This is a SCAM ICO" and people still bought it.

https://twitter.com/devchart/status/1455199777164075013

Crazy....

davis196

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NFTs and shitcoins are being advertised because somebody allows their advertisements.
Crypto ads were banned by Google,now they are allowed again.Of course that all the shitcoin/NFT scammers are going to jump on that wagon and start promoting their shitcoins.
The market is always going a little bit crazy,when greed dominates over fear and the levels of optimism are too high.
I agree that NFTs/DeFi/Shitcoins are the new ICO scams(at least most of them),but they will come and go.
Bitcoin is here to stay.This new wave of greed will pump and dump all cryptocurrency prices(including Bitcoin).
The shitcoins will get dumped and they will disappear.Bitcoin will get dumped,but it will survive.
There's no need of whining about the current shitcoin/token madness. Grin

It will go away,sooner or later.

timerland

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It's certainly quite disconcerting.

If I was a new investor the only way that I'd be comfortable with investing in the current market would be through dollar cost averaging. Yes, it is painful and yes it will limit your upside but this is more than a frothy market right now.

People are distracted and euphoric which is exactly why a) we won't know where the top is but b) it is bound to see a correction soon.

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