Topic: Getting early 2018 top vibes! - page 2. (Read 457 times)

If you guys go to Coinbase Pro and look at the top 20 coins or so you will see that almost every single coin (except BTC) is getting massively pumped. I can’t find any coin which didn’t have a huge pump in the last 2 days. Seems that random coins are getting pumped for no reason what so ever.

You guys remember when every single coin on Poloniex got pumped like crazy back in 2017…2018? It seems that people are buying a little bit of every single coin on that exchange hoping that it’s going to get pumped sometime this week.

But like I said before. “Sh1tcoins pumping for no apparent reason… nothing to worry about just my 2018 PTSD”.

That Japanese circus is one of the biggest shames for that nation that invokes some kind of rule of law and fast judiciary, and since I have been a member of this forum I read that it will compensate Mt.Gox clients, and that has not happened yet - and the question is how much more time will pass until that moment. The amount mentioned is 150 000 BTC, so although it seems like a lot, I believe that not everyone will decide to sell immediately, and that surely one part will be sold through OTC. I do not believe that this can have a significant impact on the market, although the media will probably try to construct a story about 150 000 BTC that will be dumped on the crypto market.

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People still believe in the 4-year cycle pattern and it will be hard to get rid of no matter what the market looks like now, with the addition that we now have a pandemic, inflation and supply chain disruption that combined to create a very pessimistic market, of which Bitcoin is only a small part.

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.

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.

Everything in OP is news or noise in the bitcoin market. They exist all the time actually! Even during the bear market but people ignore them. We had the same thing all during 2018 and the same during early 2017 and end of 2017 alike.

What matters is the market itself. If we look at the price we can clearly see that if anything the market looks more like mid 2017 instead of end 2017 or early 2018 simply because the rises are too small and too slow whereas the rise by the end of 2017 that ended with the big bubble and the subsequent bear market happened real fast and it was very unstable.
We reached $60k+ extremely slowly (it took 5 months) and have been sitting above $60k for about 2 weeks.

This is not even a tiny bit like 2018 top!

In 2018 the release of tons of asics at good prices went hand and hand with the price drop.

Now if asics flood the market at better prices I would think it is just like 2018.

it is yet to happen.

first test will be the nov1 to nov 30 L7 delivery dates.

If tons and tons tons  drop and diff jumps 65-85% I would be worried

since monday is Nov 1 this will happen soon.

It will be a good indicator one way or the other.

So I guess I am just experiencing 2018 PTSD. Seems like many like me were also cautious when we reached $14K and $20K last year and we all assumed it would be the peak and it obviously wasn’t.

What are you guys expecting what will happen when the Mt Gox coins are released to the owners? Anyone got any idea when that will happen, if ever. I’m assuming that most will sell at least a little maybe not their entire balance. I mean the exchange went down when BTC was like $700 and now it’s almost 100x that. Even if they get 1/3rd of their previous coins it’s still a huge gain.

Yeah, only for altcoins, the bull market lasted till the first quarter of 2018 (I remember ethereum peaked as much as 0.11 BTC by that time).

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.

I was there in 2017 when the market was gone full bullish and it continues in the 1st quarter of 2018.  Me, as my first time to witness a bull run has no idea that it will soon stop and the market will correct, so as a result, I was able to hold a lot of shitcoins that I thought were legit during the bull run, I learn a lot through that experience.

Comes this year, the bull run was very evident and lots of news came out that are bullish, however, I think just like in the past, the market will eventually have its correction and bitcoin will dump hard but altcoins will dump harder, the same scenario but at least we are knowledgeable enough to handle the situation.

exactly right.  Stack the sats and have no fears.

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.

That's where they went wrong! Life is so much better without caring about "influencers"!

Greed and FOMO can push anything very expensive. Until it crashes.
There was a nice explaination about NFTs in the Wall Observer thread a while ago (but I can't find it back). It showed NFTs only mean something on a certain place and have no use whatsoever anywhere else.

Another thing i've been noticing lately is that there is a high rate of scams going on in crypto these days just like in 2017 with scam ICOs and Ponzi scams like Bitconnect. Sure they don't affect BTC directly but its a sign that things are getting out of control.

Today on twitter there was a girl who had like 30K followers. Some devs contacted her to shill some token they were going to create. I think it was called something like "Islaboi" which was referring to those 2 boy wannabe rappers that you see all over crypto twitter.

Long story short, she was a scammer who scammed some scammers pretty much. She rugged the token because they gave her too much of total supply, making it worthless. I think those devs wanted to rug pull it higher but she beat them to it pretty much. She posted some excuse saying that 20 ETH was just too good to pass up and "don't be mad at me" and guess what, a few hours later, she is trying to pull some NFT scam. If you are bored you can search for her on twitter her nickname is something like moon_gurl.

Seems like a repeat of the scammy ICO projects which were launching in late 2017, very lame project but people were so desperate to make a profit they threw money at anything heading their way. This seems to be happening now with meme tokens and NFTs.

I see someone loosing their nerve.

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

I'm starting to get deja vu of $5K 2017 prices, prior to price going parabolic.


It'll take a while longer I think, but not much. Bitcoin's dominance still looks indecisive (as to whether more downside or dead cat bounce upwards), but I still see 50% being a realistic target before end of year. Once BTC returns to being the majority of the crypto market, there's a good chance it'll be a catalyst for more altcoin profits returning to the reserve asset. We also saw this in 2017 when bouncing in Autumn from 50% levels. Furthermore, at the moment based on some of the more popular NFT collections around at the moment (those that have 10-100x in recent months), as well as those with index funds, are continuing to sell of back into Ethereum while struggling to maintain their fiat values. It'll only be a matter of time before this liquidity then returns to Bitcoin imo.


I see the second theory as being more accurate. Though at the beginning I'd put first "Investors buy Bitcoin". As it's the BTC that's the initial liquidity that buys into memecoins or general shitcoins that triggers to selling back to ETH/BTC. Alts them usually retain their fiat value while making a new all time high, followed by continuing to lose Bitcoin value. Then the obvious bubble pop where stablecoins are the hot new trend.

Overall I think the initial BTC recovery will continue to be the profit liquidity coming from some of the larger atlcoins, prior to more fresh capital entering the market. After all, the majority of the crypto market remains altcoins for now, so this shift back to Bitcoin can be enough to maintain the upwards momentum, prior to a parabolic move. Basically just like in late 2017 before the final altcoin pop.

Too many speculators are now expecting altcoins to continue outperform Bitcoin, given how bullish the entire market looks right now. There was a 6 month solid altseason, and recently 3 months of consolidation. It's not 100% clear which direction dominance will go, but I'd prefer to be the contrarian (go against the masses) by considering that there will be a 2-3 month Bitcoin season prior to a final altcoin parabolic move.

Somewhere in the middle of all this there will be another NFT season no doubt, when certain collections outperform the best front page altcoins, prior to profit liquidity returning to blockchain platforms, then back to BTC or directly towards stablecoins. The "march bubble" as some people see it is barely a dot on the charts now, based on the amount of volume poured into the NFT market.

The top may still be far from what we have now. Someone selling all the hodling of bitcoin may do that with regret so selling little because of needing to and hodling more may not hurt much. The time has gone for such bear in the past. A close look to the movement of bitcoin from September to October is a good example of a project going forward.

If you think an identical scenario will happen again, then you have the advantage of playing the right cards on time - I don't know why that would make you nervous?



I remember a time when the Doge was worth so little that its value was displayed in a way - 1000 Doge = $0.14, but that doesn't mean that this or any other altcoin has anything to do with what will happen to Bitcoin in 2 months or 2 years.


Matt Damon is an actor and very good one in my opinion, but who normally invests money because some celebrity said that in an ad? Fortis Fortuna Adiuvat is a trademark of John Wick (Keanu Reeves) - I hope he doesn't get mad at his colleague


Maybe that's what the prophetess told him when she was divining from his morning coffee



Do you really think everything revolves around Doge? Unless Mr.Mars intervenes again, I don't see how that coin would reach the new ATH or at least get closer to the old one of $0.70. In addition, most still have a new toy that makes millions - a new wow-wow coin is just proof that you can sell people anything, you just have to pack it nicely.

Eh, we're starting to get some but the current market sentiment hasn't reached how bullish the masses were in the end of 2017 in my opinion. And yea, with the NFT hype, it didn't even necessarily started when we were in a bull market; and NFTs didn't exist in 2017 so..

But yea, this may or may not be the top, but if anyone's planning on trying to time it and sell the top, I sincerely wish them the best of luck because they're going to really need it.

Okay. I had zero idea about this memecoin thing. Heard talk, but not til reading this do I realise just how wild it's become (and yet am not surprised).

I'm definitely, even as far away from social media as I am, fully aware that there are more and more ads telling people how to "make money from your laptop while drinking coffee" aka "put you real money into vapourware defi and keep your fingers crossed.

So glad most Bitcoin users haven't fallen for that nonsense, though I fear the eventual defi fallout will take its toll on Bitcoin markets.

By 17th halving we will have new block rewards less than 0.001 BTC still it doesn't mean miners will get nothing to sell. They will still earn and sell millions of dollars (block-reward+tx fees and thanks to higher BTC value; TX fees may value in millions for same 1 MB block). (Please refer: https://en.bitcoin.it/wiki/Controlled_supply).

By each halving we will have stronger bullish trend in 4 year cycle and then 4 year cycle will disappear due to stable BTC value given that block-reward is zero and miners get and sell only TX fees.

After BTC value becomes stable and due to unexpected higher demand then we may have "unexpected new ATH" (like how gold is doing now) then I agree that ATH may occur at longer time than 4 years.

Can you explain this? Lower block rewards mean a lower reduction in new coins after each halving, so it's influence diminishes. After a few more halving newly mined Bitcoins will be insignificant.