Will 2017/2018 Bullrun repeat in 2021? - page 4.

BrewMaster

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Quote from: Lucius on October 20, 2020, 09:25:20 AM

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

in other words the market is acting as it has always been acting. bitcoin goes up in price a little bit, the traders abandon their altcoin bags and rush to bitcoin market causing all of the altcoins to crash some of them harder than others.

with that said i think we are seeing the start of the next major bull run that will continue all through 2021 to set the new historical record.

bitgolden

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Those days bitcoin became much more than just a financial thing, it wasn't just a currency, those days bitcoin was a viral hyped product all over the internet, not just we the people who are interested knew about it, it was everywhere, it was on social media that the globe knows like facebook or twitter or instagram and what not, but it was also on national ones as well, the ones that your nation uses in your language but not globally know, it was everywhere, on television with news showing how much it increased that day as well, and basically all around everything was bitcoin this and bitcoin that.

For that to happen we need to have a viral hype once again, it is more than just us that can do that, it would require the whole globe to actually be interested all over again.

ethereumhunter

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We are still left with 2 months and 10 days in this year

Everything can happen in 2 months later, and hopefully, the bitcoin price can surge to the high price and make new ATH. We are all curious about how high the bitcoin price will increase and hope that the price can touch more than $20k. If that happens, we can recover all of our losses before, and we can make a lot of money from the bull run. But it seems we need to be more patient because the bull runs still on the way, and we don't know when the bull run will really come.

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Quote from: Lucius on October 20, 2020, 09:25:20 AM

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

I'm guessing you meant *shit coins, currently looking at coingecko about 7 of them are in green from the last 1 hour, the increase ranges from 0.1% to 0.9% so the new entries probably just moved within that range as Bitcoin gets closer to $12k mark, if Bitcoin does break the $12k barrier, I would expect a number of alt coins to equally follow rise temporarily, with more investors FOMO'ing into bitcoin and the crypto market in general.

As I mentioned in a reply some days back, I would get really excited (bullish) when Bitcoin builds a stable position above $12k. Over the past 3 months we have only broken through once around August and the price immediately dropped back below the resistance.

Lucius

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average..

Let's not forget that we already had an identical situation when the price reached $12k (Aug 10, 2020 / Sep 01, 2020) and that there was strong resistance. It is possible that the same thing will happen this time, but in my opinion it is much more important that the price stays above the psychological limit of $10 000, which will only strengthen the position that Bitcoin has had for several months.

As for alt (shift) coins, in top 20 (CMC) only 4 are in green, others are down from 1% to almost 8%...

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Quote from: jubalix on October 20, 2020, 12:52:19 AM

at 250k a coin, I can't wait for the expression on the face of everyone else who FUD BTC and then when it drops to say 50K a coin as the next low but 2.5 x the last high.

They would even be sad looking at bitcoin if it reaches $50k-$100k.

Those are the target prices of most, I guess. I have my plans of dropping for some with those prices and will let go from my holdings. We may see the same type of bull run but it's unknown if it will start by 2021.

Can happen by 2022 and so.

peter0425

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Possibilities are always there mate because this market has proven that for how many times and the recent is 2017 in which we have recorded the Highest price Bitcoin and many altcoins also.

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Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?

Nothing can be certain mate because remember that in the past month we have already stays in 11k$ value yet made a fall bellow 10k and come back after a while,no one knows if this is correction or what.

Wexnident

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If we're solely basing it on history, then yes, there's a possible chance that the bullrun would happen around early to mid 2021. Not to mention that various companies have shown favorability to Bitcoin as a store of value, investing their company stocks into it, and let's not even mention how Grayscale has kept buying out Bitcoin recently these past few weeks. Still, anything can happen, it's also the reason why Bitcoin is well known as a highly volatile market. You never know what piece of news can actually affect the demand of people for it.

I'm guessing that once Bitcoin breaks around $13-$14k, you can expect to see a few signs of whether the market would actually hit a bullrun or not. Most people are actually expecting it imo, since really, every halving the market has always shown significant growth, so a lot are probably expecting the same this year.

cabron

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It Grayscale and Square saying are bullish for BTC, this makes the cryptocurrency a lucrative investment for anyone who has an eye to make money. We might just be seeing more companies going to keep their wealth in crypto. The institutions in the investment business are going to be riding the bulls and while this is happening, the countries are also adopting digital currencies.

2021 is going to be a good year to invest in crypto but there are also analysts saying there will be more players in the market that will keep the prices down as well. And they were saying bullrun could happen by 2022 to 2024.

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at 250k a coin, I can't wait for the expression on the face of everyone else who FUD BTC and then when it drops to say 50K a coin as the next low but 2.5 x the last high.

Maybe this time NPC's Govs and Corps will wake up a bit more.

maydna

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I tend to say that it is a little bull run because every time the price increases, the price will be back to the lower price in the next hour or day, and that is happening in many times. It is a good moment for us to buy and sell, but we need to analyze deeper to find the best time to enter the market. We don't know when the price will touch the lowest price before it bounces up again. But we can just buy bitcoin at the price that we think is the low price, and then we can hold it for a while. After that moment, the bitcoin price will be going up slowly to the high price, and who knows, by doing that, we will have a chance to see the price touch the highest price.

I am not sure if this situation will be one indicator for the whales to play with the market, but I know that if we can use this time for our benefits, we will make a profit. But if you are afraid to see the price up to and down, it is better not to trade and only see what will happen to the market.

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Most people don't realise that it won't take alot of money to bring Bitcoin to a new all time high. The overall market cap of Bitcoin is actually very low. Currently we are sitting at $220 Billion. And stocks like Apple are valued at $2 Trillion. Now I understand that most people know what Apple is and most people don't know what bitcoin is so you can't compare the two. However it didn't take alot of buying in the last year or so to bring Apple's marketcap from $1 Trillion to $2 Trillion.

Basically it was FOMO. And the same can happen with Bitcoin and other alts like Ethereum. If there is Fomo and there is money to be made then everybody will buy it as fast as they can. Right now most of the money is being made in the stock markets, especially stock options. Look at all those wallstreetbet million kids who made 6-7 figures trading TSLA and AAPL options.

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Re: Will 2017/2018 Bullrun repeat in 2021?

Many are hoping that "History repeat itself".
Many are hoping that next year will be the one of the most fruitful year of us Bitcoin holders.
Many are hoping that 2021 will be the year where we will see a new ATH.
And many are hoping that 2021 will be the start of the major bull run that we are waiting for.

But as always, anything can happen with the crypto market. Anything can happen. Possible that we will reach higher prices next year but on the other hand, possible that we will reach lower prices. All will be happy if Bitcoin in 2021 will be like the 2017 price but that happiness will turn into sadness in 2022 Cheesy

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AliMan

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Is this the beginning of most awaited Bullrun which we have been expecting and speculating all these while? As there is been no major dumps and most of the altcoins are performing above average, Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?

There's no indication that bullrun will commence this year, only I am aware of is the recent price corrections. If you have noticed, we seen stabilized market these days and it doesn't mean we're confident enough to expect more than that. What we can do this time is to select the best choice of coins, hold and wait until such time it obtained a good value to satisfy your profit goals.

exstasie

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The bull run to a new ATH is coming. Just not sure if the fireworks (the late stage bubble) will start in 2021 or 2022. I have a theory that Bitcoin cycles are getting slower and slower, and feel that planning on a 4 year cycle is too predictable.

I would absolutely love to see PlanB get trolled and his stock-to-flow model invalidated shortly before Bitcoin goes parabolic. Cheesy

Jating

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$10k will be the new $1k, I remember in 2017 wherein we haven't broke that range, but as soon as we get there, the price steadily climbing up, it's around Feb onwards if I'm not mistaken, but it was not a smooth sailing to the eventual building to $19k at the end of the year.

And comparing to the current price, at $10k, it's gonna be slow again, but if the imminent bull will go on 2021, the four year cycle will hold true, but it is not an assurance. Of course everyone will be excited and anything is possible, so the best thing to do is still accumulate and just be patience. More than twelve months to proved if our theory is correct or not.

Oasisman

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If we're talking about the 2017-ish bullrun, then I guess It's still early to tell which way we're heading. A lot of people were speculating about the 2021 bullrun, base on the post halving trend where Btc tends to reach new heights a year after the halving. I think that kind of hype still remains even amidst the pandemic. Though seeing the price remains at 5 digit might be a good indicator that Btc might have another run to reach new ATH.
I'm also looking forward for the effect of global mass recovery to cryptocurrency.

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Quote from: Wysi on October 19, 2020, 06:00:45 AM

Bitcoin has cemented it's spot above $10,000 with $10,000 being lower range which was really difficult to achieve all these years.

It's really interesting to see that a considered high price level before might now become a new bottom.

But that's my concern, with such price behaviour, I don't see any sign that can trigger the pull. More of, people are now more concerned about what happened before so they are now taking things slowly and not just will put money on buying bitcoin because of FOMO.

I'm more of the thinking that the current price level will be the same as next year, 2021. Crypto is not truly affected by the pandemic, at least, but to fuel the bull run, it needs more people (which is affected by the pandemic) putting money on bitcoin.

palle11

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2021 will be attractive to bitcoin, mass adoption has also occurred.

Hopefully it might be next year and my reason is that by that time covid-19 will likely have gone to the ground as the vaccine would have taken care of it and the investment in bitcoin will keep increasing.

Wysi

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Quote from: Febo on October 19, 2020, 02:35:46 PM

Quote from: Wysi on October 19, 2020, 06:00:45 AM

Will 2017/2018 Bullrun repeat in 2021?

Most likely it will happen in 2022 and not in 2021. Some are even predicting 2023. I would say it mainly depends on next half year. How we will survive second covid wave and if there will be 3rd at all.

Well, that's truly logical as it also depends on the fact about how we control second wave of COVID as it has affected every single business but crypto has not been affected as bad as other business since crypto is digital. So next 6 months would be like a observation period for us and I would personally avoid huge transaction or purchase new coins atleast dust settles down.

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