Topic: Next Bitcoin Bull Run Will Be ‘Dramatically Different’ - page 2. (Read 851 times)

I wonder what would be the scenario if there is no global recession that the world is experiencing because of the pandemic,things could be very much different from what we see now in the market maybe we already have another all time high this early and we are already making profit from all the coins we've hodl over the years, things is very different now we have the DeFi a much more decentralized financial and there are a new coins with very different features and algo and of course adoption has tripled.

Are you sure? It seems that it is not reasonable predictions. $100k per each is seems impossible in this present time, how bitcoin can achieve it if it cannot surpass its previous ATH. The price is also ranging at $11,000 -$11900 and it will take many more years before that prediction may come true. There are a lot of selff proclaimed gurus especially in trading, do not believe on their predictions. It is better to rely on ourselves than to believe to them because they are just deceiving and creating hype in the market.

Yeah I can agree with that. But all the cycles are a little different, which is not what the winkle twins were trying to say. Like 2013 had a like half way peak, and a quick but normal depth (-80%) crash followed by finishing up the cycle 6 months later, while 2017 was nothing like that and a repeat pattern of extended pump, 40% crash, extended pump, 40% crash, and then the big blow off, in which each pump and crash took about a month before the big pump and blow off happened, that's very different from the 2013 full on peak, crash, short bull run to another full on peak.

I think it is possible we get a series of smaller boom/bust cycles from people trying to get out before the big crash they expect to come, and possibly this past year was the first one of those: parabolic rise to ~$14k, then down for a half year or so (and then obviously the pandemic global crash messed up the patter a bit). Maybe this next year will be another small run and mid-term crash to $25k or something and then instead of the boom starting there it'll be a mini-cycle that falls back to low $10k's for a while before another mini-cycle starts.

I don't see the flop thing you mention happening unless its in this mini-cycle type pattern though. Because the only reason major prolonged bear markets happen is precisely because of the huge bull runs. Just topping out at say $30k wouldn't be that much of a parabolic run so it wouldn't cause like a year long -80%+ bear market like the past two cycles, it'd probably just be more like what we had the second half of 2019.

The Winkle twins though were trying to say it's gonna be different in a positive way because of like infrastructure and institutional investment but I just don't see that playing out in such a way this cycle that the top is like insanely high, ya know. Like to give a super broad prediction, $50k - $150k is a reasonable prediction of the top, whereas I feel like they are saying no the game has changed and bitcoin will shoot far into the 6 digits because this time is different, and therefore the bull run will actually get larger this time rather than smaller, and I just don't see any reason to think that. This time is not different, it probably won't be the exact same as the last cycle, but in general its gonna be the same thing of gradually building up to the point where a global FOMO frenzy takes over. It will surely be a different shape that 2011 or 2013 or 2017, but the overarching cycle will be similar, and I don't see a reason each marco cycle will stop getting smaller gains just because there is more infrastructure or just because institutions are tip-toeing into bitcoin now.

Just wanna point out that nobody is an expert in predicting price movements. Anybody who has followed the market for a long time is as qualified to make a prediction as anyone who claims to be an expert. There's no such thing as a price predicting expert.

Somewhere around $100k is a reasonable prediction based on the history of bitcoin movements and the context of the current size of the market, not because some so-called "experts" said it.

The market are always changing after all and it is the reason why we should commit for continuously learning and studying. Before the price of the bitcoin have only few consolidations but now it seems that the price is having a long consolidation. We are now in the 3rd wave of higher lows and higher highs which means the uptrend is intact and strong. Anyway consolidations are also good because it is a sign of strength. I'm hoping to see major breakouts in this current week because the price is no giving a good signals.

Let's admit that bitcoin is really doing good despite of the global crisis that everyone is experiencing. BTC bounced back and now slowly going up. As adoption is increasing and hopefully more merchants will integrate btc as their payment method, our future in crypto is already showing good light. But don't expect to have the ATH very soon. It is better to have organic growth rather than sudden spike and fall back again.

That's the kind of growth that we can call a healthy growth and everyone would like that except those who does not believe on the long term potential of bitcoin and they are just playing with the price volatility of bitcoin. Bitcoin per my observation does not behave the same way it behaves compared before because it's growth is quite stable, support are strong and if it correct a bit, it would easily bounce back at the range it previously break.

it doesn't matter if there is an ATH this year or not, at the current price, I can say it's already a great achievement for this year.

true but that still wouldn't be a price rise, it is a one time pump and in all those cases back in 2017 all those coins were only pumped once and then dumped right away back down below their initial value and then disappeared. for some of them it was the last nail in their coffin where the pumpers made their last exist.
not to mention that when an altcoin doesn't have a blockchain anymore that means it is already dead. whether some weird exchange still lists them isn't gonna change that.

Cryptomarket is completely unpredictable, upon which we can't state with assurance of reaching new ATH by the next bull trend. Some consider a new ath as the bull trend of the market. In my view, what we experience with the market too is a kind of bullish trend with fluctuation happening out of price correction. I believe the dramatically different bull run to be slow and steady than steep growth.

With emerging acceptance and more people to learned about every opportunities that this market have to offer, it will have a big
difference from the last bull run that we seen 3 years ago, it's really making it's way to more adoptions, not only with investors
but also merchants and businesses.

With how the people shows their interest in participating with this new venue of investment, the chance of taking the high to another
peak is really very possible.

In this pump also the price should surpass the previous ATH of $20k, if we are comparing the previous data where in almost every pump the price surpassed the previous ATH, even once or twice in an year. But now the bitcoin is facing a lot of problem even reaching $20k. There is a long journey from $11k to $20k, but only bitcoin can touch this high, other than bitcoin no other Cryptocurrency can do this kind of thing.
Bitcoin could already have touched more than $20k now but the scams related to it are making it way harder to reach a good price for future pumps. Also, people are now a days being more cautious when it comes to investing because of the COVID spread due to which people are jobless and are having very less spare money to invest somewhere else than the traditional markets. So it will take atleast two more pumps for the price to reach the ATH again.

Too easy. I've been trading markets long enough to know this: when a pattern (like these boom + crash cycles) becomes too obvious, it stops being reliable. Too many traders recognize it and front run the pattern, then it fails. This is why fractal analysis tends not to work in general.

That could mean the next cycle is a flop and tops out way lower than everyone expects, at $30K or something. It could also mean the early sellers trying to front run a top at $50K or $100K get steamrolled and the bull run accelerates instead of topping.

The only thing you can do is expect the unexpected. Don't sell all your coins at any one price level. We may never go back there.

Not too sure myself.

There'll be a cascade of demand that keeps working its way downwards as top alts become 'too expensive' as well. They'll keep uncovering vaguely alive coins and pumping them too. Last time around even stuff that didn't technically exist or had functioning chains still pumped.

You'd expect the risible junk to die off but there may be enough fresh and desperate meat to keep even the most insulting and obscure ticking away in dark corners.

$100k? I think that's the maximum prediction I'm seeing from different experts online, don't know if they are real experts but I like them because they are so bullish with bitcoin. Imagine if we reach at that price, it could be a crazier bull run compared to the past, and who knows, shitcoins might rise from dead.

actually i believe the next bull run will kill a lot of altcoins instead of making their price go up, like last time because it is always a good opportunity for the bag holders to dump their altcoin bags and get out. additionally like all the previous times whenever there is a bitcoin bull run of a big magnitude there are a lot of new shitcoins coming out that will attract the altcoin trader funds that will come out of the rest of the shitcoins into new ones. which means older ones disappearing.
as for the dominance, bitcoin will remain the dominating cryptocurrency with 99% dominance but the market cap ratio will keep on decreasing as newer shitcoins with a lot more supply are going to be created. i wouldn't be surprised to see a MCR around 20% this time.

Of course, every cycle will be different, the only thing that is consistent is that there could be irrational buyers willing to buy even if the price of bitcoin is very high. The good thing is that it can fuel the next bubble, however, those noobs are going to be trap for sure.

And now that a new parameter takes shape in the form of the corona virus pandemic, so it will be very different bull run. And the price could soar to a new all time high that we even couldn't imagine.

I believe that the next bull run will indeed be different due to a combination of various circumstances, including the economic crisis due to the coronavirus. Attracting investment capital to the cryptocurrency market will also give a big boost, which will be very different from 2017.

It could go either way, the industry is full of surprises when everyone is expecting a specifically thing to happen it usually goes the other way. Although in general we're all bullish on bitcoin but when there are more traders wanting to sell their bags on a specific amount it becomes a problem for the market as it forms a resistance at that price. We experienced this few months back when bitcoin had a difficult time crossing the $10k trading price just as it isn't having enough trading volume ti surpass $12k.

We should be more careful this time around because there's a higher possibility to of more people getting rekt anticipating a continuous upward trend when the market start showing positive signs of price appreciate but it might not be so because corrections are bound the occur in a health market.

How do you say so for Litecoin to be next in line? considering that there are lots of top alts which i do see much more  better and more worth to take that place but well, we cant really judge nor predict on where people
do give out their outmost support on a certain project.It all matters with the demand and recognition which would really takes time and cant really be just rushed up on where most people do talk about.
Going on topic talking about next bull run will be different? It doesnt matter but we do much prefer on having that strong foundation on kind of adoption where price cant easily be crashed just
like a manipulative of a kind.

We will have to see how this market evolves, despite gold's popularity over thousands of years gold has always been used as a store of value while the precious metal that was most commonly used as a currency was silver, if something similar happens then it is possible that the transaction speed and the transactions costs of bitcoin become irrelevant as bitcoin becomes a store of value, which begs the question which cryptocurrency will become the equivalent of silver? Many thought that litecoin will take that place but now I find this doubtful.