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Topic: Will 2017/2018 Bullrun repeat in 2021? (Read 815 times)

hero member
Activity: 2576
Merit: 684
God, save BTC!
October 30, 2020, 10:38:00 AM
#88
Bull run for altcoins ended in October! So I don't think we will see it again soon... As for the bitcoin, first it has to fall down so we can see the bull run, because now the price is on high!
legendary
Activity: 2884
Merit: 1117
October 30, 2020, 10:25:33 AM
#87
That year was something else, it could technically happen of course but I doubt we will ever see a 2 month period that is ever similar to that in our lives in bitcoin.

Sure there could be some sort of situation where altcoins could go up that much, but we are talking about a minimum of 20x increase in bitcoin in a 2-3 month period and that means today price is let's say 13k that would make it 260k by the time new year comes, do you think that could ever be similar?

It would be impossible in my mind, sure technically possible but there is no way in hell people would buy all the way up to 260k per bitcoin. This is why 2021 will be decent and good, I still invest into bitcoin, I believe the future is crypto, yet even I do not think that the bull run could ever be similar to 2017 ever again.
hero member
Activity: 1078
Merit: 537
October 30, 2020, 07:43:16 AM
#86
I dont expect that we will see an altcoin bull run like 2017 anymore. It was just a overhype. And finished. Bitcoin is now stronger and crypto market is not as independent as before.
full member
Activity: 840
Merit: 102
October 29, 2020, 10:03:22 PM
#85
Maybe bitcoin is now in a better state and also for altcoins than when it fell in 2018.
For some people who don't sell their assets, this is a good thing. Many opinions in 2021 are when the bull run comes.
So let's just take advantage of this positive situation by looking at prices that are getting better lately.
It would be nice if this situation continued.
STT
legendary
Activity: 4102
Merit: 1454
October 29, 2020, 09:46:01 PM
#84
The 2017 bull run setup early in the year but was subject to sharp pull backs during that year.  I dont think its comparable because we are still within that range and encountering volume from 2019 also, so ironically being at the same price is different as initially there was no price history here so it was easier to move through.    We are elevated at present in a higher range and even with dollar rising the BTC price is continuing to maintain the higher pricing.
legendary
Activity: 3094
Merit: 1127
October 29, 2020, 03:52:52 PM
#83
Nothing will repeat anything, life is not like a cycle, it is like a bunch of different squabble lines that sometimes just cross paths and that's about it, it is not always like history it is just resembling you that same history whenever something similar happens but it is not the same, that good chestnut smell from that Christmas you remember always comes to mind when you smell chestnut but in reality you are buying it from street vendor, that is the resembling and same "repeat" we are talking about here as well.

All in all sure it could go up, it could have a hype, it could be $20k or even $30k, but just because 2017 had a big increase and just because 2021 has one, it won't mean that they are the same thing, it wouldn't even be remotely similar, it is only both of them going up and that's it, this doesn't make them repeats.
The key in here in order to reach what we gonna think is to give support. Thinking about history repeat itself has nowhere a chance to happen especially in this kind of market where everything is unpredictable. The up and down scheme had to keep happening but definitely, this is not the thing we meant for.

Anyway, it is not important if we gonna be bullish or not, the only thing we ask for is to sustain the current position that we have now. We are looking for a possible huge increase in this last quarter despite COVID-19. We have this adoption, the massive growth of crypto users, this helps in the preparation for the next year and may that ATH has to arrive.
Much preferable if the said growth that we would take is gaining from organic adoption which do result into somewhat stabilized price which cant really be dumped down to easily
just like on what we had saw in the past where price did crash from 20k to 3k.It might sounds impossible due to possible manipulation yet there are lots of whales which are capable
on doing things but since the adoption is much more higher compared back into those previous couple of years then i do presume out that this price might be holding up
even stronger where we might not able to see those low level numbers again but nothing is assured as we say yet market had been always unpredictable.It can crash with a snap
and on the question about on that previous bull run would happen on 2021?no one knows neither yes or no.
sr. member
Activity: 392
Merit: 250
October 29, 2020, 10:24:25 AM
#82
Yes, im optimistic and positive that the 2017 - 2018 bullrun will repeat itself nexf year because more and more big companies will enter into cryptocurrency just what like paypal did.
This is also one of the some factors, ofcourse big company that join with bitcoin and another crypto will be huge boost for the bull run. i think we can expect more longer bull trend from 2021 than from 2017
hero member
Activity: 1652
Merit: 569
Catalog Websites
October 29, 2020, 09:42:07 AM
#81
People are much anticipated on the bullrun but I guess it's the effect of American presidential election, I am sure if Trump lose it will have a effect on crypto prices. BTC and top Alts will definitely drop, I don't think this bullish trend will continue if we have a look on the past 24 hours there was fluctuations in BTC price and momentum was down which is not a good sign for positive trend.
sr. member
Activity: 1624
Merit: 267
October 27, 2020, 07:41:01 AM
#80
As of now the market now is increasing and as of now we are experiencing bull run I do not know the definition of bullish for others but for me it's already happening.

In the 2021 more coins will rise and I think it will become better that year compared to the year 2017 so will have a new record of New ATH but this year I will see a good value and high chance to go back the value like in 2017 price of the cryptocurrency.
full member
Activity: 821
Merit: 101
October 26, 2020, 06:31:01 PM
#79
Yes, im optimistic and positive that the 2017 - 2018 bullrun will repeat itself nexf year because more and more big companies will enter into cryptocurrency just what like paypal did.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
October 26, 2020, 06:20:14 PM
#78
Nothing will repeat anything, life is not like a cycle, it is like a bunch of different squabble lines that sometimes just cross paths and that's about it, it is not always like history it is just resembling you that same history whenever something similar happens but it is not the same, that good chestnut smell from that Christmas you remember always comes to mind when you smell chestnut but in reality you are buying it from street vendor, that is the resembling and same "repeat" we are talking about here as well.

All in all sure it could go up, it could have a hype, it could be $20k or even $30k, but just because 2017 had a big increase and just because 2021 has one, it won't mean that they are the same thing, it wouldn't even be remotely similar, it is only both of them going up and that's it, this doesn't make them repeats.
The key in here in order to reach what we gonna think is to give support. Thinking about history repeat itself has nowhere a chance to happen especially in this kind of market where everything is unpredictable. The up and down scheme had to keep happening but definitely, this is not the thing we meant for.

Anyway, it is not important if we gonna be bullish or not, the only thing we ask for is to sustain the current position that we have now. We are looking for a possible huge increase in this last quarter despite COVID-19. We have this adoption, the massive growth of crypto users, this helps in the preparation for the next year and may that ATH has to arrive.
legendary
Activity: 3052
Merit: 1188
October 26, 2020, 01:59:05 PM
#77
Nothing will repeat anything, life is not like a cycle, it is like a bunch of different squabble lines that sometimes just cross paths and that's about it, it is not always like history it is just resembling you that same history whenever something similar happens but it is not the same, that good chestnut smell from that Christmas you remember always comes to mind when you smell chestnut but in reality you are buying it from street vendor, that is the resembling and same "repeat" we are talking about here as well.

All in all sure it could go up, it could have a hype, it could be $20k or even $30k, but just because 2017 had a big increase and just because 2021 has one, it won't mean that they are the same thing, it wouldn't even be remotely similar, it is only both of them going up and that's it, this doesn't make them repeats.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
October 26, 2020, 11:31:49 AM
#76
We don't know what could happen further with bitcoin. As per the information quoted on different articles what the cryptocurrency community experienced during the year 2017-2018 is unexpected and it is like a bubble. Further after dropping low once again it started to grow gradually. This growth has been taking place in a stabilized manner, and the same serves as a reason for big expectation by 2021.
Did you just say things are inconsistent and expected something to happen due to a "pattern" at the same time?
Things are just naturally happening in an unexpected manner in this industry, more likely due to the nature of volatility. Going back with the 'basis', what happened in the year 2017 is completely unexpected, especially when the price of Bitcoin reached its ATH. The market value in a sudden, fell without any signs. There are even predictions wherein the market value will increase more on the following year. After that, the market value of it becme stable at many price points coined to be "resistance" of the market price, but nothing seems to change; price will increase in a sudden and fall eventually, staying at a price point. So maybe, let us all just be patient and wait for things to happen on its own.
full member
Activity: 2128
Merit: 180
October 25, 2020, 06:16:51 PM
#75
We don't know what could happen further with bitcoin. As per the information quoted on different articles what the cryptocurrency community experienced during the year 2017-2018 is unexpected and it is like a bubble. Further after dropping low once again it started to grow gradually. This growth has been taking place in a stabilized manner, and the same serves as a reason for big expectation by 2021.

This is why we have a better chance to have an organic uptrend because bitcoin is taking time to become more stable. 2017 pump was amazing and because of that many expected bitcoin to do better easily without thinking on how to create demands. History will always repeat itself but the time for that is still unknown. Maybe it will happen unexpectedly just like the 2017 pump.
legendary
Activity: 1806
Merit: 1521
October 25, 2020, 06:10:33 PM
#74
In 2018 it was said that the bull run will happen in 2019... In 2019 it was said that the bull run will happen in 2020... This year, it say that it will happen next year! Grin
Of course sometimes there is a local bull run, but it seems too early to talk about 20k, as I think!

I don't think anyone serious was really saying all that. Sure there are always media articles whenever Bitcoin surges that say its about to go crazy, but anyone with experience in the crypto market knew not to expect the major end part of the bull run in 2019 or 2020.

Do you remember the April 2013 and November 2013 bull runs, and how there were only a few months in between the two? I think that experience left a lot of people believing the 2018 triangle could have been a short term bullish consolidation before another parabolic leg up. I was even leaning that way until the bottom of the triangle fell out in November. At that point it became clear the market needed a much bigger bubble pop.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
October 25, 2020, 12:44:27 PM
#73
We don't know what could happen further with bitcoin. As per the information quoted on different articles what the cryptocurrency community experienced during the year 2017-2018 is unexpected and it is like a bubble. Further after dropping low once again it started to grow gradually. This growth has been taking place in a stabilized manner, and the same serves as a reason for big expectation by 2021.
legendary
Activity: 2688
Merit: 1192
October 25, 2020, 12:34:53 PM
#72
It's very possible, there have been spikes in so many different things lately - rich people are pulling their money out of low (or negative) interest rate bank accounts and governments are forcing them to spend it elsewhere. They stuck it in Tesla, Gold, Zoom and all sorts of different places - Bitcoin could very well see another spike in activity because it presents a different type of asset class and any investment manager should tell them that it's good to spread your risk in these volatile times.
hero member
Activity: 2240
Merit: 848
October 25, 2020, 12:15:40 PM
#71
In 2018 it was said that the bull run will happen in 2019... In 2019 it was said that the bull run will happen in 2020... This year, it say that it will happen next year! Grin
Of course sometimes there is a local bull run, but it seems too early to talk about 20k, as I think!

I don't think anyone serious was really saying all that. Sure there are always media articles whenever Bitcoin surges that say its about to go crazy, but anyone with experience in the crypto market knew not to expect the major end part of the bull run in 2019 or 2020.

Going by the four year cycle, the bitcoin parabolic end to the bull run was always expected in 2021, but now I think it is pretty clear 2022 is much more likely, between the Covid crash and general economic disaster (which helps bitcoin long term but obviously hurt is short term in this market cycle), it's also possible the market cycles are slowing down beyond 4 years but because of Covid crash affecting things we can't really say that for sure this cycle. Then again, with institutional money making up more and more of the market, if they are the kind of forces that will get out early before bitcoin goes super parabolic, to ensure they don't lose money on the other side of a crash, thus capping bull runs shorter and lower, that could create shorter less volatile booms and busts so maybe the entire cycle structure will change a bit in the future to be shorter and smaller, no way to know yet.

For sure $20k isn't gonna like happen super soon, like its very unlikely to happen in the next few months, but by mid next year, 6+ months from now, it is quite likely Bitcoin is back up to somewhere around the ATH, if not having actually broken the ATH yet.
hero member
Activity: 2576
Merit: 684
God, save BTC!
October 25, 2020, 09:17:30 AM
#70
In 2018 it was said that the bull run will happen in 2019... In 2019 it was said that the bull run will happen in 2020... This year, it say that it will happen next year! Grin
Of course sometimes there is a local bull run, but it seems too early to talk about 20k, as I think!
hero member
Activity: 2240
Merit: 848
October 24, 2020, 09:30:41 PM
#69
I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts.

If we view the summer 2014 and summer 2019 bull traps as parallel resistances, then that's roughly the same path taken in 2016-2017, give or take a couple months.

On one hand, that feels a little too predictable. History rhymes but it usually doesn't repeat. On the other hand, people seem too bullish right now, too expectant that another 2017 is right around the corner. More shakeouts and ranging would feel appropriate.

Yeah I don't expect major bull run right around the corner. People seem to expect it in 2021 and I definitely don't think that'll be the case. I think 2022 is likely though. Could also be a slower segmented bull run that takes like 2022 and 2023 as opposed to an all in one huge shot upwards. But I definitely don't think $20k is like about to happen and a parabolic run real soon after.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
October 24, 2020, 09:08:59 PM
#68
I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts.

If we view the summer 2014 and summer 2019 bull traps as parallel resistances, then that's roughly the same path taken in 2016-2017, give or take a couple months.

On one hand, that feels a little too predictable. History rhymes but it usually doesn't repeat. On the other hand, people seem too bullish right now, too expectant that another 2017 is right around the corner. More shakeouts and ranging would feel appropriate.

The factors affecting the increase are also different than before. In 2017, a lot of them were driven by hype and most of them had little to no knowledge what they were getting into. This time, I believe there are a lot more educated users aside from the fact that a lot also learned their lessons during the ICO days. I think this time the increase will be driven more on adoption and not because of the hype surrounding it.
legendary
Activity: 1806
Merit: 1521
October 24, 2020, 07:03:17 PM
#67
I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts.

If we view the summer 2014 and summer 2019 bull traps as parallel resistances, then that's roughly the same path taken in 2016-2017, give or take a couple months.

On one hand, that feels a little too predictable. History rhymes but it usually doesn't repeat. On the other hand, people seem too bullish right now, too expectant that another 2017 is right around the corner. More shakeouts and ranging would feel appropriate.
hero member
Activity: 2884
Merit: 579
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October 24, 2020, 06:57:41 PM
#66
I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts. So basically 2021 buildup and stabilizing around $20k preparing to launch, then 2022 parabolic bull run. 2023 crash back to probably around $20k-$25k (wherever the 200 week MA is).
It's the reason why I see many speculations that 2021 is the key year.

This year is part of the building up and we get better results by 2021. But also, be minded that it could also be the year that the same bearish trend could come just after the bull run.

But hopefully, it is better than the last bull run.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
October 24, 2020, 06:30:49 PM
#65
I'd never stop thinking and believing it but I don't want to expect more of it. Besides, if we think about another $20k again, it feels too hard to get it to reach back, I'm glad enough to see Bitcoin price will able to reach at $15k, which was big enough at this time.

Anyway, 2021 is still long enough to predict the (less) possible to happen. Quite the market changing every day, see's it trend it makes so hard to tell what will happen next and even we can see the uprising momentum but still can't assures that it keeps such momentum for long.

For me, I could say that 2021 and the coming years are most exciting to see because as adoption gets stronger, many businesses had open-up for crypto. This will affect the market price and developments.
hero member
Activity: 2240
Merit: 848
October 24, 2020, 04:49:20 PM
#64
I think we've got at least 6 more months of buildup to get back to around the ATH, and then another about 6 months of hanging around $20k, give or take a few thousand, before it really breaks free of that area and we start seeing the parabolic move as another retail investor mania starts. So basically 2021 buildup and stabilizing around $20k preparing to launch, then 2022 parabolic bull run. 2023 crash back to probably around $20k-$25k (wherever the 200 week MA is).
sr. member
Activity: 1190
Merit: 267
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October 23, 2020, 09:49:34 AM
#63
Personally, I don't think the bull run is near but we do have some signals that we are slowly approaching it so I would expect 2021 to be the last accumulation phase before Bitcoin is going sky rocket. Most of the old holders are predicting that 2023 will be the peak of the bull run so if this is true 2021 has nothing to offer beside a massive accumulation phase that would bring the price up to ~15k$. Again , this is just my personal thoughts based of what I'm seeing and what I've experienced.

I do want 2023 to be the bull run as I still need time to accumulate because covid made us to spend our money more than we're used to.


that which is not known for sure, and everyone can only predict, and regarding this pandemic, do you think the pandemic is a barrier to the occurrence of bulls?
if that is the case then history will change because a pandemic like this is coming for a long time, so I think it will cause big changes both in economy and society.
legendary
Activity: 3360
Merit: 1203
October 22, 2020, 06:28:49 PM
#62
Personally, I don't think the bull run is near but we do have some signals that we are slowly approaching it so I would expect 2021 to be the last accumulation phase before Bitcoin is going sky rocket. Most of the old holders are predicting that 2023 will be the peak of the bull run so if this is true 2021 has nothing to offer beside a massive accumulation phase that would bring the price up to ~15k$. Again , this is just my personal thoughts based of what I'm seeing and what I've experienced.

I do want 2023 to be the bull run as I still need time to accumulate because covid made us to spend our money more than we're used to.
legendary
Activity: 3122
Merit: 1140
October 22, 2020, 05:52:37 PM
#61
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?
Still have doubts specially if the movement of price is way too fast or something that you cant really expect for it to happen.Well, bitcoin or the market can really surprise us on least expected
but im not really that too confident that we are already on the pace of the new bull run but this is just only my my speculation though because we cant tell if this is already the start
of such beautiful run that we do all hope for after all the years we've been waiting. 2021? Its a realistic target to presume out basing off on the movement we are taking at the moment
but as an investor then better to be wise on playing with the price movement waves to take advantage on getting profits even into these shorter ones.
sr. member
Activity: 1274
Merit: 263
October 22, 2020, 05:38:06 PM
#60
I don't think this happening now is a trap because the rising is continously and I think the bull run happened only in 2017 and after that year the year 2018 is not a bull run because on that year that cause also why the dumping started and this year 2020 I saw the good price of the bitcoin and the other altcoins and it was a good sign and It's better to continue of what happening today.
newbie
Activity: 2
Merit: 0
October 22, 2020, 04:24:15 PM
#59
Hello people, I just started to invest in bitcoin and indeed I joined around the 10,500 USD mark. I don't think the bull run will stop soon, and I have a good feeling that this is the last chance of getting a sub 20k coin. Fiat can be and is made out of thin air as we all know, so deflation of the Bitcoin relative to fiat is inevitable in the long run.
legendary
Activity: 3178
Merit: 1140
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October 22, 2020, 04:16:51 PM
#58
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.
The bitcoin price consolidated above $10k for quite long period and those days it spiked from $11.5k to $12k then $13.1k in just 1 day. This sudden rise has 2 paths, whether the price will continue rising to $15k then ATH then a correction will most likely took place, or this is just a small bubble that will blow up shortly and big whales will cash out a fortune!
legendary
Activity: 2100
Merit: 1058
October 22, 2020, 01:58:15 PM
#57
It looks like there is going to be a bull run in 2020 let alone 2021. What I am really wondering about is the fact that in 2017 there wasn't a big increase until like summer, the price was very very low until summer, and during that same summer there was BCH which was giving free money basically to everyone who hold bitcoin at certain date, so people all bought bitcoin in bulk as much as they can in order to get that free money which increased the price as well so they really liked the idea.

We didn't had that this summer, so we moved beyond those times. However we also had a 3k to 20k rise from November to December in 2017 as well, with this increase coming near the November date, does anyone think the same type of increase could happen again? Not saying x7 because that would be 70k, but maybe break over 20k once again in December?
hero member
Activity: 1036
Merit: 514
October 22, 2020, 11:55:47 AM
#56
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?

Seems bitcoin price persist above $12,700. Considering the price plummeted below $5,000 in March, then the bull market has started since April, reach a good mark at $12,300 in August but then corrected to $10K. The rally began earlier this month from $10,500 to $13,000 due to some factors affect the market sentiment including PayPal"s announcement. Some predicted that bitcoin may reach $14,000 as the next target, but who knows how far it will rise until the end of this year and what the next year could bring upon bitcoin market.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
October 22, 2020, 10:50:17 AM
#55
I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.
This hope is the wish of everyone who focuses on crypto..  Bitcoin makes new ATH records is the most beautiful gift and is sure make HODL go rich.  does not feel like we will enter 2021 soon.  hopefully, it happens according to our expectations (Bitcoin goes to the moon again)..
hero member
Activity: 2926
Merit: 567
October 22, 2020, 10:04:43 AM
#54
Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Bitcoin is now at $12800 level if they bought Bitcoin when news of pandemic broke out then they can take their profit now, there's always a possibility of a dip so it's worth thinking of selling some and retaining some, so far the movement for this week has been good, I did not expect the price to move that fast, but any increase of the price is always good news,
sr. member
Activity: 1190
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Undeads.com - P2E Runner Game
October 22, 2020, 09:11:39 AM
#53
uncertain either but most people say history will repeat itself, meaning that the scheme will repeat itself.
and there is also other good news, currently paypal has accommodated bitcoin and caused a high enough increase to above 10% in less than 1 day.
hero member
Activity: 2926
Merit: 640
October 22, 2020, 12:11:00 AM
#52
In 2018, there was no bull run for bitcoin but few altcoin hit their ATHs. I mean if you refer both scenario of 2017 and 2018 to be happening in 2021 then I am doubtful on that. Moreover, we need to count the consequences of on-going pandemic as investors may allocate major portion of their reserved funds for food and other emergency needs and low percentage for long term investments like bitcoins. It means FOMO may be less wilder than what we experienced in 2017 with bitcoin markets.

All the above, I am optimistic about experiencing another strong bull rally of bitcoin which may lead to grow of bitcoin prices to another 10 fold. Because, bitcoin always is following 4-year-cycle which is usually triggered by halving. Hence, another 10x growth of bitcoin is still due, thanks to 2020 BTC halving.
hero member
Activity: 2912
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October 21, 2020, 10:44:32 PM
#51
~snip~
history has been repeating itself already!
you shouldn't just look at the end of the bull run and only call that "repetition". but you should look at the entire transition from the bubble (the one before last at $1200 back in 2013) to the bear market then the prolonged bear trend and a longer accumulation in 2014 and 2015 respectively and finally the start of the slow rise in 2015 and start of 2016 that led to that final fast and big bull market of 2017.

so far everything from 2013 to 2016 has been repeating very similarly from 2017 to 2020 even the time-frame (3 years) is the same!

I don't have high skills to analyze deeper as you, and I only see that history will repeat itself. And now, we see that the bitcoin price has the power to lift the price to a higher level, and the bitcoin price finally can break $12k, even the price touch $12,500. The price takes a break for a while after medium rallies from the $11,900 level to $12,700. Perhaps, it is because we almost at the weekend, which usually, the price will adjust for a while.

But I am sure that the price will have the opportunity to break $13k and so on. If bitcoin can have more power from this month and next month, perhaps, we will see bitcoin price can touch $15,000 - $17,500. But still, we need to be careful if there is a downtrend or dump to get more support. And if that happens, we can use that time to buy more bitcoin.
legendary
Activity: 3122
Merit: 1140
October 21, 2020, 01:59:06 PM
#50

But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Your position here is looking like what it could be. The expectations of bull has long been on after the halving but the economic situation has not allow real buying and trading to start happening and as some have bought too to move with the bull trend. The dumping can be possible as soon as hodlers don't get the bull in their own expected timing.
What bearish movement? AFAIK Bitcoin halving just happened in May this year and the bearish movement you are talking about just happened last year. So I guess it's time for the bull market to shine that's why this pump that we see is a start that Bitcoin is almost there in the bull run. Although it's just too early to celebrate or expect that this is the bull run because it might also be a bull trap if you know what was the whales been doing.

When it comes to these kind of movement into these kind of moments then i cant really blame off someone if they would really have that emotion or feeling that this might be the start of the bull run but we know on how
Bitcoin movement works neither it would go into breaking those resistances or is just an ordinary day where fake neither bull or bear traps.This isnt something new that we havent seen off yet this had been the system
for a decade now and still continuing and as a trader then these spikes will really give out some good profits but also the hardest part to make up decisions yet we dont know if the price will make out some pullback for some re-entry or would just rally all the way and finding a new level to stay for a while.Nothing is assured when we do talk about the future but talking about bull run then knowing that we are dealing with a market
which these moments can really possibly happen anytime.
sr. member
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October 21, 2020, 01:10:50 PM
#49

But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Your position here is looking like what it could be. The expectations of bull has long been on after the halving but the economic situation has not allow real buying and trading to start happening and as some have bought too to move with the bull trend. The dumping can be possible as soon as hodlers don't get the bull in their own expected timing.
What bearish movement? AFAIK Bitcoin halving just happened in May this year and the bearish movement you are talking about just happened last year. So I guess it's time for the bull market to shine that's why this pump that we see is a start that Bitcoin is almost there in the bull run. Although it's just too early to celebrate or expect that this is the bull run because it might also be a bull trap if you know what was the whales been doing.
hero member
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October 21, 2020, 12:28:10 PM
#48
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.
It is hard to come to a certain conclusion that the price will solidify well above $10k for the rest of your life, it is a market and anything can happen and it all depends upon how long the investors are holding on to their coins. We have seen reports about millions being invested with every minor correction and we have no idea when they will be liquidating those assets.
legendary
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October 21, 2020, 12:00:31 PM
#47
Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.
That is completely truee
Everybody know and feels that the bitcoin price must be at least at $100k after the last halving  which it is a little bit pending because of the pandemic and whole market crash.
The time to recover has begun and the momentum to go up have been built.
Let's see and fill your wallet with bitcoin now before it is too late, seriously.
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October 21, 2020, 10:55:15 AM
#46

But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Your position here is looking like what it could be. The expectations of bull has long been on after the halving but the economic situation has not allow real buying and trading to start happening and as some have bought too to move with the bull trend. The dumping can be possible as soon as hodlers don't get the bull in their own expected timing.
hero member
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October 21, 2020, 10:52:33 AM
#45
I think 2022 is more likely for the parabolic run. Seems to me we are still too far away from the previous peak and the economy is in too bad shape to have the major bull phase run its course in just over a year from now.

2021 I'm expecting a continued gradual build up of support to $20k, with retail investors who got out in 2018 or new ones who wrote Bitcoin off finally starting to realize Bitcoin isn't just gonna disappear, so they'll jump back in. Also I think it'll take more time before more institutional investors jump in to the point where we can get parabolic run. A year or so of continued build up followed by a year of boom from $20k to ~$100k sounds about right to me. I wouldn't complain about high 5 digit prices in 2021 but I figure it'll take more time to get the market ready for another epic bull run.

Another possibility I could see is a couple smaller runs over the next maybe 3 years. I feel like institutional investors would jump out early, happy taking a few hundred percent rather than the going-up-forever euphoria of retail investors. So I could see a shorter run sooner, like say $30k+ by early 2022, then a drop back to the teens by late 2022 as institutions take profit causing a drop, in turn causing retail investors to flee, and then institutional investors buy back in holding the support up at say like 50% drop, then say in 2023 it builds back up to $30k+ and retail investors jump back in and the thing flies to $100k at that point by late 2023 or early 2024. who knows! Personally I'm just waiting for my $60k - $80k target to cash out and then buy back in on a crash.
hero member
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October 21, 2020, 09:23:03 AM
#44

Yes, if we look at the experience from the past halving that happened to bitcoin, that the increase in bitcoin price will occur in the following year after the halving. this year is the third halving and if it is true according to the halving then there will be a bigger increase from 2017 next year. but what month? It's hard to guess because last month fell in November and December, whether it will also be that month or sooner.
There are many predictions of the price in this industry and uncertainty if the bull run will repeat by the year 2021. Just like this time price reach above $12k and no one can tell if this is just a bull trap or it will continue to increase. But, the movement today of bitcoin is pleasing to the eyes of the users and holders. So, indeed hard to guess when but there is the possibility and let’s observe the market when it will heading.
legendary
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October 21, 2020, 03:40:28 AM
#43
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...

Yes of course, a small typo Smiley

What I've seen is data for the last 7 days - and if you look today (same as yesterday) only 4 coins are in green, and most of all the one that is directly related to DeFi (which means there are a lot of naive people who believe they will profit from it). The fact is that people like to play with altcoins, but it’s also the fact that most fall into the trap when they think their price follows Bitcoin - that’s how it was in the past, but now the money is going in a different direction.



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.

It is too early to say what this is about, as I have already written, we already had a similar situation a few months ago. What we can expect is that the effects of the past halving will slowly begin to be felt, because demand exists from institutional investors, and according to the law of supply and demand, this will push the price upwards. If the situation from 2016 is repeated, when BTC achieved about 100% growth from halving by the end of the year - then by the end of this year we could expect about $14 000 for one BTC.
sr. member
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October 21, 2020, 02:46:50 AM
#42
Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

There will be a dump one of these days because it is normal that a pump will also bring a dump as a correction afterward. But to say that the dump will drag the price down to four-digit is hard to imagine. I don't agree with it. The price right now has already surpassed $12,200. This is a signal that Bitcoin might even knock on $14,000 soon. So in case of a correction, that would only put Bitcoin's price to around $11,500. That is still a five-digit price.

Anyway, there is no bearish movement right now. The bulls have taken over.
full member
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October 21, 2020, 02:41:57 AM
#41

Yes, if we look at the experience from the past halving that happened to bitcoin, that the increase in bitcoin price will occur in the following year after the halving. this year is the third halving and if it is true according to the halving then there will be a bigger increase from 2017 next year. but what month? It's hard to guess because last month fell in November and December, whether it will also be that month or sooner.
legendary
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October 21, 2020, 01:44:51 AM
#40
Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.

Anything is possible around this space, the point here is to do your own research and anticipate on your own, it's not that you just followed anyone's predictions.

If you want to stay positive and you want to be compensated make sure to deal with deeper research and learn how to read each patterns to avoid making mistakes that will affects your investment.

Good to see that the current market is really moving favorable to the holders,
just need to work more on how to exit out and rebuy after.
sr. member
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October 21, 2020, 01:24:06 AM
#39
Every argument has two sides to it. Those who predict a bull run claim that it is due in the next 1-2 years. They claim that the current prices are lower than the fair valuation, and a spike was due after the block reward halving. But at the same time, there is a real chance of a bearish movement. A lot of people have accumulated BTC in 2020, expecting a bull run. In case this doesn't realize, then we may witness a massive dump. And this can take Bitcoin back to four-digit prices.
legendary
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October 20, 2020, 11:54:36 PM
#38
Many people predicted that history would repeat itself, and perhaps, we will see a new ATH in the next bull run. We always hope that when the bull run comes, the price can start the rally and jump to the new highest price.
history has been repeating itself already!
you shouldn't just look at the end of the bull run and only call that "repetition". but you should look at the entire transition from the bubble (the one before last at $1200 back in 2013) to the bear market then the prolonged bear trend and a longer accumulation in 2014 and 2015 respectively and finally the start of the slow rise in 2015 and start of 2016 that led to that final fast and big bull market of 2017.

so far everything from 2013 to 2016 has been repeating very similarly from 2017 to 2020 even the time-frame (3 years) is the same!
hero member
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October 20, 2020, 11:50:51 PM
#37
I was to question the title of the thread and I guess excluding 2018 there because we really never taste bull run during that year. From $10.1k on Jan 2018 it goes all the way down to $3.6k on Dec 2018, just my two cents.

Well, that's still speculation it maybe done this year as it hasn't last yet but if this year isn't the bull market then we could expect it will be the next one. All of this is pure speculation but I believe it will happen again breaking the previous ATH. Right now, if we could break the past resistance and make it a new support for the next week/s or month/s then it may safe to assume we could even break ATH this year.

I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.
Better brace yourself and don't be late on the FOMO. Unless we break the famous dickish prediction of McAfee of $1M/btc, that for sure will be the most dramatic scenario you/we could ever get. Sad to say the greatest FOMO artist in the crypto space has been indicted and now facing charges.
hero member
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October 20, 2020, 11:48:25 PM
#36
If it maintains above 10k for few more weeks then there are possibilities of a bullrun it is very possible that a bull rally is close on the way, if we break down I think 9k is a very good buy in the dip.

Indeed things are looking good so far also I believe the US elections could play a major role before the election results, as the survey of the winner look like seasaw game anytime changing if we have a clear winner then I don't think there may not be any impact, let's see how it goes until then Hold, Hold, Hold..
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October 20, 2020, 10:37:59 PM
#35
I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.

Many people predicted that history would repeat itself, and perhaps, we will see a new ATH in the next bull run. We always hope that when the bull run comes, the price can start the rally and jump to the new highest price.

That is good if you have many good coins in your portfolio, but that will not guarantee if your coins will get the time to increase when the bull run comes. It is still difficult to know which coin will increase later because every coin will have the same opportunity to start the rally. We can only prepare by buying the coin that we predict it has a chance to increase, so we need to analyze more to find that coin.
full member
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October 20, 2020, 10:13:49 PM
#34
I am very excited to see the outcome if history will repeat itself, I was still a newbie on the last all time high and has no decent portfolio back then, I gained experienced now and holding a lot of good coins in my portfolio and this next bull run will give a dramatic change in my life not to mention I am in a campaign where I'm getting Bitcoin payout, I'm sure many of us here are as excited as I am.
sr. member
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October 20, 2020, 09:51:59 PM
#33
I think we're almost there, Bitcoin broke the $12k price months ago and I think it is possible to increase beyond that price next year or expect a bull run within this year.  There plenty of speculation regarding the price of Bitcoin and the most anticipated is to have a bull market next year and supposedly this year is in a bull market right after the Bitcoin halving but it seems the market is not yet ready.

Anyway, according to the Tytan Twitter tweet, Bitcoin price will repeat itself and it will double the price like what happened in the year 2017.
https://twitter.com/Tytaninc/status/1315492868509761538
Actually we are trying to break that resistance level again and its good that Bitcoin was able to rise again despite of many negative news this year. I'm also a believer of "History repeat Itself" tagged line and I know bitcoin can make it in time, maybe on the last quarter of 2021. We heard so much good prediction with bitcoin, the market is reacting good with that and as of posting we are back now to the level of $12k and I hope to finally sustain this level until the end of the year.
legendary
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October 20, 2020, 06:59:07 PM
#32
I think we're almost there, Bitcoin broke the $12k price months ago and I think it is possible to increase beyond that price next year or expect a bull run within this year.  There plenty of speculation regarding the price of Bitcoin and the most anticipated is to have a bull market next year and supposedly this year is in a bull market right after the Bitcoin halving but it seems the market is not yet ready.

Anyway, according to the Tytan Twitter tweet, Bitcoin price will repeat itself and it will double the price like what happened in the year 2017.
https://twitter.com/Tytaninc/status/1315492868509761538
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October 20, 2020, 05:26:05 PM
#31
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 the market?
This could be an indication of a bull run or trap and what I can now is that nothing is certain despite the cryptocurrency market posing a good strength for the bull run market if we concern about the factors that might impact the bull trap of the market which are the economic status and conflict happening lately in some countries around the world which could lead to FUD.
hero member
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October 20, 2020, 04:57:52 PM
#30
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.

And that's always been the case, no disrespect to altcoin holders out there, bitcoin was steady around $10k++ for what more than 60 days and altcoins are pumping that time. Now the tide has change, altcoins are being dump, investors going back to safe haven - bitcoin. That's always been the pattern so altcoins holders shouldn't forget that.

Yes, altcoin will have its bull run, but it will coincides with bitcoin's bull run no matter what. It can't sustain the run by its own without bitcoin's investors. And thanks to Defi hype, which much burst in the next coming months, and after that investors moving to bitcoin again to fuel the next bull run.

legendary
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October 20, 2020, 04:37:33 PM
#29
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.

It's not so much about market cap, but spot market liquidity. Basically, the Bitcoin market is already quite illiquid. During bubble times like 2013 and 2017, exchange supply dries up even further as investors HODL and refuse to sell their coins.

People often think bubbles are all about FOMO (which we can think of as demand), but they are just as much (probably more) about investors refusing to sell. When there is absolutely no supply on the market, that's when FOMO buyers can push prices to the moon. And that's why indeed, it won't take a lot money to take BTC to a new ATH.
legendary
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October 20, 2020, 12:05:24 PM
#28
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.
legendary
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October 20, 2020, 11:12:04 AM
#27
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.
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October 20, 2020, 11:10:04 AM
#26
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.
legendary
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October 20, 2020, 10:48:36 AM
#25
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.
legendary
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October 20, 2020, 09:25:20 AM
#24
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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October 20, 2020, 08:58:25 AM
#23
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.
sr. member
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October 20, 2020, 03:22:46 AM
#22
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 $10,000 being lower range which was really difficult to achieve all these years.
Possibilities are always there mate because this market has proven that for how many times and the recent is 2017 in which we have recorded the Highest price Bitcoin and many altcoins also.
Quote
Kindly share your opinions whether this is an indication of bull run or else a trap wherein whales are trying to cashout at peak which might send one more shock waves across market?
Nothing can be certain mate because remember that in the past month we have already stays in 11k$ value yet made a fall bellow 10k and come back after a while,no one knows if this is correction or what.
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October 20, 2020, 02:07:11 AM
#21
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.
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October 20, 2020, 01:11:33 AM
#20

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.
legendary
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October 20, 2020, 12:52:19 AM
#19
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.
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October 20, 2020, 12:32:18 AM
#18
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.
legendary
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October 19, 2020, 10:34:05 PM
#17
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.
legendary
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October 19, 2020, 08:09:52 PM
#16
Quote
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.
hero member
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Vave.com - Crypto Casino
October 19, 2020, 06:01:09 PM
#15
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.
legendary
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October 19, 2020, 05:38:16 PM
#14
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
hero member
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October 19, 2020, 04:45:40 PM
#13
$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.
hero member
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October 19, 2020, 04:07:10 PM
#12
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.
legendary
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October 19, 2020, 03:54:47 PM
#11
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.
sr. member
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October 19, 2020, 03:46:29 PM
#10

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.
sr. member
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October 19, 2020, 03:26:37 PM
#9
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.
legendary
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October 19, 2020, 02:35:46 PM
#8
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.
legendary
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Playgram - The Telegram Casino
October 19, 2020, 11:37:42 AM
#7
No single factor influences a bull run and as such it is pretty difficult to predict when we would enter into it. There has been lots of bullish signals, such as development of the technology, institutional money coming into Bitcoin, public companies adopting Bitcoin as a reserve currency etc, the price however has not reacted to this much (or as much as most expect), we may be up from the value earlier this year, but  remained relatively stable for a while now above $10k barring regular changes within the +/-5% range.

Imo, the current green movement is not out of the current normal, I'll get more excited if it breaks the $12k support and possibly builds a new resistance above $10k.
member
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October 19, 2020, 11:24:48 AM
#6
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?

So far the past halving did not failed us, I expect this last one will not fail us, I am hoping there will be no changes in history and we will be in another all time high next year, I love the tradition to continue, so far all the indications are here that we will have another one, the big sign that we should be positive is the market is still positive in the middle of the pandemic.
hero member
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https://duelbits.com/
October 19, 2020, 09:46:31 AM
#5
In this speculation it cannot be ascertained whether a bullrun will occur in the future, even though it is already strong at $ 10,000, I still am not sure that in the current conditions there will be a high rise, of course the whales will control the market with unreasonable prices, meaning when it reaches a high price level. discarded and returned to 10k now that is also based on the fact before when bitcoin reached $ 14000

So I expect that to happen but we can only know in what time 2021 is right with the bullrun in 2017.
sr. member
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October 19, 2020, 08:44:25 AM
#4
Some are saying the end of 2021 is a much much better time for those who persevered. They're may be right but we cannot tell for sure. But if we look at the circumstances surrounding Bitcoin, they're much more positive than ever. So it may indeed suggest what others are saying.

The fiat situation in the whole of 2020 is really really bad thanks to the pandemic and all and that could also be a cause for Bitcoin adoption to rise above what was initially foreseen. I am not saying yes to the question of course. But it is more possible than not.
hero member
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October 19, 2020, 08:35:40 AM
#3
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?

Did you mean late 2016 to 2017 bull run? For comparison, we are still in the late 2016, and then when we enter 2021 that should be 2017's bull run, and as others have said, maybe history repeating itself again. Although the potential bull run in 2021 might be different though. Now we have institutional money, and then Grayscale and MicroStrategy and maybe other companies in the next coming funds fuelling the market to a bull run that we have never seen before.
copper member
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https://bit.ly/387FXHi lightning theory
October 19, 2020, 06:07:21 AM
#2
Could be either of those two...

We've got a year plus until bitcoin could see another peak if we're basing stuff off the past. We could be on a mini run due to institutions investing now too which could top out anywhere above here (I feel 12.5k at least should be reached before we drop but I'm very unsure on that... We could just stop at 11.8 or whatever we managed to reach before)..
sr. member
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October 19, 2020, 06:00:45 AM
#1
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?
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