Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: tervel on January 15, 2021, 10:50:02 AM
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
You claimed the bull run proved to be different and you asked what was the difference between then and now? How are technicals and indicators behaving differently? You gotta tell us at least one or two potential reason rather than passing the burden to the readers.
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I might not have asked the question properly. It is correct to ask what is the difference between the two bull runs ? I have heard market “experts” declare the present bull run is another crypto bubble similar to 2017. But unlike then, the current run-up is driven not just by retail investors but also big-name investors, institutions and more.
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There are many differences for sure. Not only about the current rate of Bitcoin but also from the factors that support the price improvement now. I think the current factors are more complex than in 2017. More parties are involved in crypto business and they know well about Bitcoin.
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Before 2017 Bull Run Bitcoin was not so famous like today.In 2017 people knew about Bitcoin but do not believe it.After bull run their eyes opened .But in current situation Bitcoin is more famous like previous.Many Famous companies like paypal and the richest man of the world are interested and investing in Bitcoin.Total market cap is greater than previous, market has crossed 1TB$.So I think these are the differences.
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Bitcoin's bull run of 2017 pushed the market to huge destruction from the peak to bottom. Panic, rumors, exchange hack etc news totally played in inverse role. Many tokens ruined, maximum altcoins touched the lowest point even Bitcoin reached to the previous bottom point but recent bull run didn't pushed the market to such decline rather it showed a sensible behavior which took small correction that is helpful for building the physical level of the traders. That's the difference between the two bull run.
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I might not have asked the question properly. It is correct to ask what is the difference between the two bull runs ? I have heard market “experts” declare the present bull run is another crypto bubble similar to 2017. But unlike then, the current run-up is driven not just by retail investors but also big-name investors, institutions and more.
Why don't we add the possible reason/s why these institutional investors changed their perspective on bitcoin as an investment asset? COVID happened that led to the printing of dollars which will basically devalue their fiat based investments as a result of inflation. The stimulus packages to aid citizens greatly affected by the pandemic flowed into BTC and they probably saw that coming too.
They are probably aware and took advantage of the limited supply and the four year cycle (bullrun after halving).
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We have all noticed that the price fluctuations of Bitcoin are completely different from 2017 to the present. Nowadays, the way the price of Bitcoin has increased like a bull race, but not everyone. And the way it is gaining popularity all over the world at the time was much less than it is now.
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Bull in any market is the indication of mostly a huge downfall because the high the bull run the bigger the downfall will be. In 2017 the downfall brings BTC to its knees and its price down to $5k and now the BTC pump to $41k, so the expected downfall is between $20k to 12k.
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I wouldn't want to compare last bull run to the current market situation, they are not identical in every manner. The only similarity is the surge we had in the past.
The entire volume we saw this time is almost 2x of their pervious high of the 2017. So, it will be difficult to speak about there correlation.
If things don't go as we have in the past like ban of bitcoin in some nation and also like the corona black market, bitcoin will go places.
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A significant increase happens in this Bullrun period. BTC has its twice ATH than previously. And in this case, the period of the BTC bullish is long enough. ANd now BTC price is likely going to the sideway. It is probably the beginnings of the altcoin season
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
I am one of those people who do not believe in seasonally adjusted bulls. However, it is better if you explain from which side the different events occurred. With your explanation, you will certainly be able to add insight for all of us ...
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
There will be a lot to discuss when we compare the last bulls with the ones in 2017. Market conditions, regulations and institutional intervention also have a lot to do with this. What is clear is that bitcoin will be more stable and stronger in the future
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A significant increase happens in this Bullrun period. BTC has its twice ATH than previously. And in this case, the period of the BTC bullish is long enough. ANd now BTC price is likely going to the sideway. It is probably the beginnings of the altcoin season
Yes, it seems bitcoin price is likealy going to the side away, I believe Altcoin season is starting to happen. But We must see for several week again. Because I see Altcoin is recovering slowly now.
I hope we will see altcoin precie will increase and touch ATH. Hopefully it will happen soon.
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In 2017, most BTC investments were reported to be attributed to retail investors, meaning that endorsements were of a smaller sum. People also invested in Bitcoin because they had cases of FOMO but now, the increase of crypto adoption is become more wider like the Adult industries are now accepting Bitcoin payment and a lot more well-known businesses https://99bitcoins.com/bitcoin/who-accepts/.
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If we compare bitcoin 2017 and now bull run, the value of bitcoin has almost doubled in the current bull run and bitcoin has gained more fame.
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In 2021 Bitcoin is truly extraordinary, where Bullrun is more stable and does not immediately decline rapidly. In contrast to 2017, where the beginning of 2018 immediately experienced a drastic decline.
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The circumstances around us are in a difficult economy due to the pandemic.
This is in my opinion and purely a reflex to reply to this thread because this Pandemic is around us, our families and even between continents.
During a pandemic like this the economy should continue to fall but Bitcoin trading is getting up and it's difficult to keep up and even reach new ATH from Bitcoin.
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I used to think that the difference between BTC and BPC was wrong. Because I heard from the senior brothers that it is a lot of tie wrong then after reading your topic I found out more that there is a lot of difference between BTC and BTC. I found out after reading this valuable post of yours that it was wrong.
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I am not one of the traders that is good at technical analysis. I am also a newbie as a trader. However, the previous bullrun seems faster for the altcoins. SO far, the altcoin is still going to increase their price but only for several coins tat first. Not all coins with high increase as happened in the previous bullrun.
BUt for Bitcoin, this is a crazy thing going gup very significantly
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
It is just another increase of price nothing special but this years bull run was also triggered by popular investors like Elon Musk and others that poured millions of dollars into Bitcoin unlike way back 2017 that it only was triggered by whales.
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If we mention 2017, we will see that the time of Bitcoin has often increased like a bull race. Again, towards the end of 2020, the bitcoin price has increased in such a way. But soon after reading in 2021, the price of Bitcoin has increased at a rocket speed. The price of Bitcoin is likely to increase in the coming days.
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If we mention 2017, we will see that the time of Bitcoin has often increased like a bull race. Again, towards the end of 2020, the bitcoin price has increased in such a way. But soon after reading in 2021, the price of Bitcoin has increased at a rocket speed. The price of Bitcoin is likely to increase in the coming days.
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There is not any difference between the 2017 bull and now just now the BTC not touch his value still and t move slowely but in 2017 the BTC go high so much fast.
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You claimed the bull run proved to be different and you asked what was the difference between then and now? How are technicals and indicators behaving differently? You gotta tell us at least one or two potential reason rather than passing the burden to the readers.
Hahaha.....
Readers are smart. The OP is asking for everyone's opinion maybe we wants to read and learn more from the community's opinion. If he is planning to create new thread in the future, He should improve his next topic content and provide some helpful insight.
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
Yes, the bitcoin bull run has actually changed tremendously and, in my opinion, i think that this year bull run has created more records with much more longer bull period. The 2017 bull has little time frame and had created very little records performance.
Now, one of the big reason for the long bull run in this year 2021is basically the growing institutions interest with a very huge investments. I think the 2021 bull may continue for a much more longer period and I think we may experience "ALL TIME BULL RUN 2021", let watch out.
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There is not any difference between the 2017 bull and now just now the BTC not touch his value still and t move slowely but in 2017 the BTC go high so much fast.
The main difference is that a large capital has come to the cryptocurrency market, which intends to earn a lot of money here, and not lose it. Therefore, the capitalization of the entire market has grown so much and the capitalization of bitcoin has reached $ 1 trillion.
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If we compare bitcoin 2017 and now bull run, the value of bitcoin has almost doubled in the current bull run and bitcoin has gained more fame.
Not just that, if you check the volume properly, you will find out that the volume has double from last year which means that many flow to bitcoin and that's a good sign of adoption.
There were also an increase in the rate of Dapps from different crypto angle that are trying to scale bitcoin in order to maximize profit and reduce cost.
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The current Bullrun in BTC now is much bigger than the Bullrun in 2017. Also, many supports from more parties to Bitcoin now. While in 2017, there not many supports like today. I hope with this current many supports, the price increase of Bitcoin can be higher again. And many experts state the Bitcoin price increase can go to around $100K.
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Between now and 2017, the price of Bitcoin has risen and fallen a lot. Compared to 2017, the price of Bitcoin is now in a much better position.At present, the value of bitcoin is around 60 thousand dollars. The maximum value of the coin was 20 thousand dollars. The value of bitcoins will increase much more in the future.
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
Besides the huge price right now, another difference is that financial institutions have found bitcoin as a more lucrative investment than gold or other assets, thus the bull run we are experiencing is going to be a long one maybe throughout the year, cause no one wants to sell their bitcoin for peanuts, $100k per bitcoin might achieveable this year.
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
Besides the huge price right now, another difference is that financial institutions have found bitcoin as a more lucrative investment than gold or other assets, thus the bull run we are experiencing is going to be a long one maybe throughout the year, cause no one wants to sell their bitcoin for peanuts, $100k per bitcoin might achieveable this year.
Yes, it is easy to make good profit with btc than with gold, unlike btc that is highly volatile gold is relatively stable which makes the price less vulnerable than btc, gold increases in price with time, but can give $500 - $1000 within minutes depending on the market movement.
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For Btc, I don't know if 2017 and 2021 are similar, but it looks like a dejavu for altcoins. I think April - May will be good. The really good moves will be in November-December. I'm waiting 100k in bitcoin. It is not investment advice. These are my personal thoughts.
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For Bitcoin it has been the biggest change. Since the bull run of 2017, there is not much left in this 2021, only a few coins/tokens continue to hold and rise. Ethereum is one of them, with its current problems, XRP is another of them, with other types of problems. So I think the biggest difference is that altcoins keep trying, but nobody can against Bitcoin in any way.
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The Biggest Difference is the Market cap in my opinion while back in 2017 it was a "sudden spike" now it is consistent prolonged and with institutional money flowing in sustained which is very good since the crash will be less violent and has smaller impact on other coins
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It is not always the same between one Bullrun and another Bullrun. The current Bullrun seems to take a longer time than the previous Bullrun. The current Bullrun has much big support to last longer, including the support from many newcomers in crypto trading/investments. We can see that some big companies, top people in the world, forex traders, and common people are trying to take benefits from the crypto business nowadays.
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In every greatness what soever, there is always a point of starting, getting the attention of people (where it was termed to be a bubble that could burst at any time), which where and lot more of things that were not in support of bitcoin success. When the deep came at 2018, there where lots of losses in the market, people left the system and so on. With these all done, the attention of the populace where gotten.
Now, the interest of institutional bodies, and wealthy personnel coming into the system has made the crypto space to gain the popularity it has ever wanted.
Then in 2017, 2018, it was market manipulation done by whales to make and takeout profits, now, investors, mass adoption and popularity of bitcoin is affecting the price growth.
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Of course @Stuart. From early 2018 to mid-2020 (roughly) it has been the whales that have controlled and kept the price of Bitcoin low. For a few months (6 or 7) they have not had that capacity, since players with a very large economic capacity have come into play, Tesla and others as you know, and the whales cannot against them, that's why the price of Bitcoin has skyrocketed. Anyway, this has just begun.
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BTC in 2017 increased so suddenly and reach the new ATH in a short time, but the ATH was only a moment. However, the price of Bitcoin kept falling down after the ATH was created. Different from now, Bitcoin reached a new ATH last year. But the price keeps increasing again and reaches another ATH in almost every month
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Bitcoin’s ongoing bull run has proved to be different from the retail-driven run seen in 2017. Thus, technical levels and indicators are behaving differently. What is the difference besides the price ?
This current bull run is just something extraordinary, the price of bitcoin just keeps reaching new highs like its very easy, I think the main reason for this relentless pumping in terms price is because of the amount of big firm that started accumulating bitcoin as an asset or store of value, also more adoptions are taking place unlike in 2017 when it was only known to traders.