"We have reached a new paradigm"
"Bitcoin can't go to xxx because [insert good reason here]"
Maybe or maybe not
Topic: Stop comparing BITCOIN on 2017 & 2021. It will never be same again - page 3. (Read 351 times)
March 24, 2021, 09:04:41 AM
"This time it's different"
"We have reached a new paradigm"
"Bitcoin can't go to xxx because [insert good reason here]"
Maybe or maybe not
"We have reached a new paradigm"
"Bitcoin can't go to xxx because [insert good reason here]"
Maybe or maybe not
March 24, 2021, 08:40:50 AM
Yes, definitely, 2017 bull run is very much different 4 years later. And as others have pointed out, the narrative has change as well. Of course, still a speculative asset, and very volatile. But right now, we have companies putting their funds into bitcoin as a reserve asset. We haven't seen this in 2017, and maybe we can see more of bitcoin as a store of value in the future. 2017 eventual hype and sudden burst was cause by CME and CBoE entering the picture in December of that year and after the spike to almost $20k, the bubble was burst.
March 24, 2021, 08:08:35 AM
I kind of agree at some point but to say that Elon Musk buying Bitcoin is totally not hyped as opposed to ETF possibility being hype? I'm not sure about that. ETF news should be more "worthy" than some guy who also pumps a memecoin and sells Tweet NFTs for fun.
I do agree 2017 rally was more hype though, but not just because of ETFs.
I do agree 2017 rally was more hype though, but not just because of ETFs.
March 24, 2021, 06:21:56 AM
We all know when bitcoin on 2017 it pumped like crazy. It went almost $20k and then it falling to $3.3k as lowest price just in few months. What was the reason bitcoin went up to $20,000 back then on 2017? It was only HYPE, there was only a speculation Bitcoin ETF would be accepted, then it declined.
But now? Bitcoin is not HYPE anymore. Even Elon musk, 2nd richest in the world with one of his company, Tesla, accepting Bitcoin as one of payment recently. We also heard many ETFs already got approved and accepted, even few huge banks accepting Bitcoin and they allow their customer invested on them (Morgan Stanley & Fed).
History might be repeat, but surely it's won't be same as 2017 anymore. We won't see bitcoin at $5,000 , $10,000 or even $20,000 anymore from this year to the future
But now? Bitcoin is not HYPE anymore. Even Elon musk, 2nd richest in the world with one of his company, Tesla, accepting Bitcoin as one of payment recently. We also heard many ETFs already got approved and accepted, even few huge banks accepting Bitcoin and they allow their customer invested on them (Morgan Stanley & Fed).
History might be repeat, but surely it's won't be same as 2017 anymore. We won't see bitcoin at $5,000 , $10,000 or even $20,000 anymore from this year to the future
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