Topic: Getting early 2018 top vibes! - page 3. (Read 457 times)

I do not see any possibilities for having longer cycle than 4 years.

Only domination of bulls within 4 year cycle may vary. First 2 halving provided us 1 year long bulls domination and the 3rd halving may get us same 12 months long or 18 to 20 months long bullish trend.

Halving will have higher influence when block reward gets lower. It means all 4 years in a cycle may get dominated by bulls.

4 year cycle will go invalid only after bitcoin attains stable prices (means halving becomes insignificant as miners earn only rewards from tx fees).

If a new ATH happens in 2023 means it will be the consequence of halving occurred in 2020 and when we will have another halving in 2024 (as expected) then we might have more stronger bullish without any room for bears within that 4 years cycle.

I see onwards and upwards for months and months to come. Circa 2023 before a steep drop. Those that are giant of heart will fare well and the faint hearted will look back at this post and think why didn't I listen to phil.

There are definitely some signs to worry about, but at least I do not see those signs on bitcoin but I see them on the NFT market, things are getting out of control on that market and now more and more people are putting their money in those coins thinking they are going to become rich, and this is without a doubt a problem, if they were investing in something solid it would not be as bad, but they are investing in the most risky proposition we can find in the market right now.

And when the market of NFTs finally crashes not only scammers will leave with a lot of money, they will also crush the confidence of those people in this market and will make other people that were on the fence about it to not invest or use bitcoin, slowing down the growth of bitcoin and increasing the possibility of a crash as people lose confidence in this market once again.

I firmly believe that Doge and Shiba are two altcoins that fall into the altcoin category that tends to pump and dump. These two altcoin have provided considerable returns for investors, but they will never feel guilty for not buying these altcoin in the first place. Shiba and Doge investors will sell Shiba and Doge to buy bitcoin or buy USDT or keep it in fiat I think. This is because I believe most of them will also not believe in the future potential of that altcoin starting a massive pumping process due to the influence of the hype and I think they would rather sell it for bitcoin or some other store of value.

I don't think it will ohair the price action back to the way it was at the beginning of 2018. Everything became the Chinese experiment at the beginning of that year.  What influence does it have on us?  It is not the current scenario, I think, the next scenario will depend more on the stronger intrinsic news but regarding the Bitcoin ETF, is it could be more profitable for whales to dip  and long-term state transitions.
The news has almost cleaned up and cleared the way for a major rally for Bitcoin and ETH to hold the sustainability of distinct history.

I love not having any idea who they are. When will people realize that rich people don't share their interests?

Looking at bitcoinaverage.com (Log view), it looks like each cycle take longer to complete. I can imagine block halvings have less and less influence due to the lower block reward, so at some point I wouldn't be surprised if the 4 years cycle gets longer. Say 6 or more years. After the ATH in 2017 I was convinced (or tried to convince myself) that there would be a new ATH in 2021, which is indeed what happened. But from how it looks now, I don't dare predict 2025 for the next one. It could just as well be 2023.

Do not forget that bitcoin market took just two weeks of time to double from 10k to 20k by December 2017.
We are having exactly two full months left with this year hence anything could happen. Always expect the unexpected.

Still, there will not be any compulsion for any market to have exact same level of growth; fortunately or unfortunately we had similar growth in 2013 and 2017 which enable us to think of another repeating performance in 2021. Lately, I do see people started speculating about persistence of current rally into 2022 which might be a good sign to have anything above $100k levels. I am not having any problem to have new ATHs even after this year .

When there are rays of hope to get into psychologically bigger values, there would be possibilities for FOMO. When more speculations are about the bearish trend in January then everyone will turn cautious which may lead current ATH to remain as it is for next 4 years.

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.

I’m starting to get deja vu to late 2017 early 2018. Makes me nervous about the BTC and ETH topping soon.

1) We got 2 doge meme coins which have a top10 market cap. We thought that Doge pumping to almost $1 was nuts but now we got that Shiba coin overtaking doges market cap. People are calling for $1 Shiba which would be what? In the trillions or quadrillion of dollars of market cap.

2) Some guy on Twitter posted a photo of his Uber driver who was trading and driving at the same time. He was up like 30% on his portfolio trading Shiba.

3) We got Wolf of Wall Street who said Bitcoin is a scam who bought some NFTs. Didn’t think he was allowed to trade anymore.

4) We got Jason Bourne (Matt Damon) making Crypto . Com commercials with a “fortune favors the brave” which seems more like telling people to “invest your hard earned money in sh!tcoins”.

5) Coin base is #1 app on App Store and Crypto.com is somewhere in the top5

6) El Salvador president is buying "420" BTC. Why not 400 or 450 ?

7) Snoop Dogg having a NFT as his Twitter avatar

8 ) Kardashians promoting some scam coin

9) Some other rapper pumping some coin and then doing a massive rugging.

10) People quitting their jobs to become "full time crypto traders"

I still think BTC might break ATH again because where is all this NFT and Doge profits going to go? Into stable coins? Sure but first they might go into Bitcoin and Ethereum first since many are trading DeFI and sell into ETH first. I don't want to be a bear but I just don't see the $100-250K happening, at least in the near term or in this cycle. I think we might top somewhere in the $70-80K particulary at $74K which is the Fib Extension or where AUD/CAD currencies are near $100,000.

The scenarios I see are as follows.

Whales Pumping Doge Coins Sell -> Cause Massive loses for retail traders -> Retail Traders panic and sell everything including Bitcoin -> Bitcoin dumps -> Whales buy Bitcoin dip and Pump it later.

OR

Whales Pumping Doge Coins Sell -> They buy ETH and BTC -> Alts get Dumped, BTC gets Pumped -> Whales sell their ETH and BTC for Tether/Fiat -> Cycle repeats 4 years later.