Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Quantum X on January 26, 2021, 04:30:46 PM
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We know that bitcoin is the foundation of the success of digital money and it started 10 years ago by purchasing pizza for 10,000 btc. I'm sure that the friends of pizza seller mocked him by allowing the buyer to sold his pizza for unrecognized money.
But hey, it was the turning point of bitcoin, the story that would never be forgotten and everyone who hears it will desire to be that lucky pizza man. Now bitcoin is being valued by the retailers and institutions and also it is clear to all of us that altcoins were born following the footsteps of bitcoin. But of course majority of them didn't go well and had left terrible story to some 3 years ago.
In spite of the unlucky day leading every mind to see the high risk in cryptocurrencies the market didn't stop. Now as we observe something good is happening in the market which is majority in the crypto community believe that this is all because of the pandemic and I agree . It is pushing the world to understand what is beyond tradition— a place free from middleman, fast transaction while making money in an easiest way.
Because of this it made me think that the upcoming bull run is more better than the last 2017 bull run. Investors, traders, and whales now understood how digital assets filled the broken pipe to where their assets are flowing.
What do you think guys?
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The current bull run will be very different from 2017. Until 2017, a very strong PR campaign of cryptocurrency, especially Bitcoin, took place, and when the price began to rise, new investments began to pour into the cryptocurrency markets. And after reaching $ 20,000, investors took their profits. But after the fall, there was also a lack of confidence in cryptocurrencies. Today, there will be no such situation and everyone understands that corrections will occur, but there will be no global fall.
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Gentle men, I must remind you that the current bull run since late November 2020 to this year, 2021 has already made a different market conditions and can't be compared again with the bull run of 2017, it is now a records and again waiting for more records. The records of crypto market of 2017 is completely overtaken by the current bull market that has been creating many new records even on this January 2021.
Honestly, the crypto market situation has drastically changed, the adoptions, awareness, institutions investment interest, and more has obviously increased. I think we may not experience a long deep, corrections or bear market this year. Let watch how 2021 goes.
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You are definitely right, @op, but I will like to say something about the pizza guy you mentioned. You said everybody would want to be that lucky pizza guy, this made me think about something, like does anyone know what later happened to the 10,000 bitcoins the pizza man got from the pizza buyer??, cus people can only wish they were the pizza seller if the pizza seller really held his bitcoins and didn't dump them for peanuts at the very early stage, but if by chance, he sold them too early, then I don't see why people should envy or wish they were him.
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Today, there will be no such situation and everyone understands that corrections will occur, but there will be no global fall.
I think it is too early to think that there will be no more global fall in cryptocurrency space. Volatile will never left as it is part of crypto game and so as long as it is existing there is no way to think that the bearish market will be absence if that is what you mean.
Honestly, the crypto market situation has drastically changed, the adoptions, awareness, institutions investment interest, and more has obviously increased.
I agree which is the reason why some believe bitcoin will hit up to $100k and the bull run for altcoins.
I think we may not experience a long deep, corrections or bear market this year. Let watch how 2021 goes
I believe that the bull run has not yet come to its peak and when it does we can expect that the momentum will stop and the market will change direction again. We never know what kind of reason we can hear to pull down the market and see a long bearish market. So even it couldn't come this year still bearish is next in line to expect.
but if by chance, he sold them too early, then I don't see why people should envy or wish they were him.
"Pretty bad luck" it all I can say. ;)
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Are we still expecting a coming bull run to happen, as if the current bull run is not the real one or just the beginning of a much larger one? With the way it is right now, I think it can take a lot of things to happen before there can be a larger bull run, though of course cryptocurrency is so hard to predict. Anyway, what is important is that we are still bullish as of now and winter (the bear) has not fully controlled the market, there can be some ups and downs in the prices but those can be considered as normal.
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I guess every bull run is different so that the crypto enthusiasts will not easily predict the next thing to happen. The pump now is not really like the past where that day there was a massive pump to the point of quick rich. Shitcoins before also pumped. I guess we are not yet in the center of bull run.
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I Agree that today's Bullish Market trend is very unique and different from the 2017 Bullish trend and I believe that today's growth was purely organic and not artificially induce unlike in 2017 thats why only selected cryptocurrencies were gaining much price momentum and other cryptocurrencies remain's the same or have a little price gain compared to others.
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I think you are right in this opinion because according to traders, analysts, and big time retailers the 2017 bull run is not made through natural process and that is the very reason of its longest crashed.
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It looks like every year in cryptocurrency will be unique. It is developing rapidly and the coronavirus pandemic has only accelerated its development and public acceptance. While we are still at the beginning of this path and where we will come, we do not know yet .. The reaction of society to Elon Musk's tweet testifies to the fragility and great potential of cryptocurrency.
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I think the cryptocurrency showed us an excellent result this year and this is not the limit, since I believe that there will be a bull run this year and we will see cosmic prices in the market.
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It looks like every year in cryptocurrency will be unique. It is developing rapidly and the coronavirus pandemic has only accelerated its development and public acceptance. While we are still at the beginning of this path and where we will come, we do not know yet .. The reaction of society to Elon Musk's tweet testifies to the fragility and great potential of cryptocurrency.
I think the pandemic plus high valued investors like Elon Musk hives us a glimpse of how bright is the future of digital currency. In this case I can say that the information for what is coming is somehow predictable but only for the real projects.
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This is not unique, this is what we really need, the Bullrun
This is the time where everyone can enjoy profits so highly during Bullrun era, and maybe make some people lost their money because they may buy at high and the price is going down always.
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Because of this it made me think that the upcoming bull run is more better than the last 2017 bull run. Investors, traders, and whales now understood how digital assets filled the broken pipe to where their assets are flowing.
I think what you are saying makes sense, because indeed the development of cryptocurrency is very fast and attracts many people to come, even now many stock and forex players are interested in cryptocurrency,
That means, a lot of experienced people try to invest, and this will affect the direction the market moves, that's why I also agree that this time bullish will be different from 2017.
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Because of this it made me think that the upcoming bull run is more better than the last 2017 bull run. Investors, traders, and whales now understood how digital assets filled the broken pipe to where their assets are flowing.
I think what you are saying makes sense, because indeed the development of cryptocurrency is very fast and attracts many people to come, even now many stock and forex players are interested in cryptocurrency,
That means, a lot of experienced people try to invest, and this will affect the direction the market moves, that's why I also agree that this time bullish will be different from 2017.
If that is so then we can think the other chance that the price would not experience the hard bearish in this year and we can even more expect that this will cross until next year.
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I hope you are right mate. It is very hard to define bull season dates. BTC Dominance is still high but altcoins increase 5x 10x even 20x. I do not know what to do. I do not wanna sell too early but then remember what happened in 2018. Very hard decision it is.
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This will be surely unique bull Run.There are some reasons behind this. Crypto market is so more famous than 2017.More and More people are taking interest and starting into crypto.Total market cap is creating more and more All Time High.
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i think the same as well, we will see an expectable Bullrun and bigger than 2017's bullrun because the liquidity is much more and also lot of vibe and progopanda that is going on about cryptocurrency also bigger and we didn't even see an altcoins Bullrun yet , only bitcoin so thats what i think that the coming is great for all the community.
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I think you are right. This recent bull run was very intense. Bitcoin just broke record after record and its market cap is now huge. This has been really good for its reputation - in this sense it is not so different from the bull run of 2017, it just happened on a different level.
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in fact this bull run is different from the past ones and also from that of 2017, this time the other altcoins do not keep pace with bitcoin (not even eth) but it seems that it will be a period of lasting growth for bitcoin i hope it will reach at least $ 65k by end of the year
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The longer the crypto price is, the less predictable it is. I think there will be a bull run in 2021, especially in Bitcoin which is very unique. Where Bitcoin continues to increase and there is a decline for only a short time.
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It doesn't matter if this is a unique Bullrun or not. The matter is that:
- WHen altcoin season Bullrun?
- How long the bullrun?
- WHat will the ATH of each coin?
- What will happen to the price after bullrun?
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The increase in price from 2017 to now has been felt and is not much different because the market cap can match as in 2017, because in 2017 the market cap was around 800 billion USD for Bitcoin and now for Bitcoin marketcap it is around $ 868,860,043,355. Extraordinary. Everything can happen just like a change in the price of Bitcoin because that is possible today, tomorrow or the day after all Bitcoin markets can continue to rise very quickly than in 2017.
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100% bullish growth in 2021 will be even better, because I have not seen such growth in a month in bitcoin, and the news from Elon Musk shocked the whole world, because he invested 1.5 billion in bitcoin, and this cannot but rejoice ..
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This is the best bull run of bitcoin to date. Many of the traders and investors made huge money from Btc unique bull run. But majority of the coins failed very bad during the time of past 10 years. Earlier we have witness small small bull run but this time Btc is outstanding. Now we can see big players also buying Btc So we can say Btc start building the trust for next level.
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The current bull run is already reaching the scale of 2017. A lot of tokens and coins are flying to the moon, look at BNB - the price has exceeded $ 100, FUEL - the price is more than $ 300, CAKE - is also breaking records. I believe that 2021 will be the most productive and profitable for investors and the prices for worthy projects are already growing very quickly, so we got used to it, and bought for Mars.
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Sometimes something new and unknown will be underestimated by some people, if we learn from bitcoin travel until now, that we should never underestimate the results of someone's findings because big ones are born from small ones. I actually want to know how people who trade bitcoins for pizza feel right now.
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100% bullish growth in 2021 will be even better, because I have not seen such growth in a month in bitcoin, and the news from Elon Musk shocked the whole world, because he invested 1.5 billion in bitcoin, and this cannot but rejoice ..
So far, analysts have always deviated from expectations, but we appreciate @elonmusk which can ultimately make bitcoin go up high and there could be something we don't know about a businessman, because all is because he wants to make a profit. but let it be a separate story because bitcoin is actually crawling high.
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Money in 2017 was outside of bitcoin, so capital flowed from fiat into bitcoin and then into pretty much every other cryptocurrency. This time, things are different. Money flowing from fiat to bitcoin is staying there.
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You are writing everything correctly, there are a lot of buyers now, but there will be even more in the coming months. Many small investors enter the market, this helps small and fast investors to do their job regardless of the cryptocurrency market
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Bull run this year is very unique which was started from the beginning of 2021. I think there are more surprises these coming months where Bitcoin is possible to reach new all time high. Maybe Btc in the coming months is around $100k if the increase is continues.
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This year, the bull run took place for so long, especially for Bitcoin. And indeed I feel this is a quite unique phenomenon in crypto history. And I think we have to be ready to invest in Bitcoin from now on, so we can join the party when the price soars later.
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There is nothing like unique bull run; a bull run is a bull run and a bear run is a bear run. The market has been bullish for a while now and with increased trading volumes and market caps'; there are enough evidence to proof that the bull run is not a flash but reality.
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Maybe we should talk about 2 pizzas worth 10K BTC & the $1.5B assets that Tesla just invested in BTC is worth about 45.5K BTC, which is about 9 pizzas :)
The 2 pizza event is the beginning of the value of BTC in the real world, without that event, maybe until now we are still doubting the value of BTC and continue to believe into fiat.
The fact that Tesla invested in Bitcoin was a big driver for BTC to reach value that the next crypto winter could not make people less love and less trust in its value.
I believe that thousands of large companies are poised to become pizzerias and participate in the crypto economy :)
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If you look at the bitcoin rate of $ 49,000, there were no such prices when bitcoin costs $ 4,500, that is, primarily in altcoins. Such a price for ripple was not with everyone when bitcoin was worth 4500 and below, and now there is a real chance to become part of the history of cryptocurrencies by buying some coins
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The pandemic situation encourages people to secure their assets and this is where the space for cryptocurrency grows, lot of media are reporting about bitcoin which is good news. The price of bitcoin this year is more than 2x from 2017 which means this year's bullrun will bring altcoins to a higher price than before. This is the best time to buy some altcoins!
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I think so too, the positive trend of the bitcoin market this year is more unique than the trend in 2017. The year the bitcoin market grew quite significantly even though the world was hit by a pandemic. This means that the level of public trust in cryptocurrency has started to increase and I think that soon we will enter an era where cryptocurrency will be used like fiat currency.
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the growth of cryptocurrencies is now rapid, this has not happened since 2015 and we can say that it has not ended, I think it is worth buying ripple and altcoins that will be used in centralized cryptocurrencies
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I really enjoyed this bull run. I loved it on the BSc network and Eth made it happen. Since eth fees became so high people started looking for alternative source. This birthed bsc network and it has been bliss for me
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The 2021 bull run was truly unique. It started back in October 2020 and lasted until May 2021. The price of bitcoin has risen from $ 10,000 to $ 69,000 in the fall. Many hoped that we would see something similar at the end of 2021, but it probably never happens too well. Now the cryptocurrency is resting, and will allow the participants of this market to calmly celebrate the Christmas and New Year holidays. Hopefully we will see more bullish periods this year as well.
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FEB-MARCH-2022
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I thing, the only reason why bull will remain strong is if crypto adoption continues this 2022 if not things will go side ways and investors will decide to dump their bags but now we just have stronger buyers and holders still for how long anyways?
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I don't even see the bull run you're talking about. There are few shoots of green and some(not all) coins and tokens are beginning to recover a bit. So if I were you, I would wait and sit on my hands for the market picture to get clearer
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it is digital money, but cannot be said as digital money in some countries. I mean that Bitcoin is the first cryptocurrency and this is the most trusted, worthy, and reputable cryptocurrency. There is always a cycle where Bitcoin will have its own bearish and also bullish time. And this will be also followed by altcoins, other types of cryptocurrencies. So far, the bullish is still like a bubble, bear traps every time coming. But Bitcoin still survive an continue rising up hopefully
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This time crypto market looks more matured than before. In 2017 we have seen that market collapse in the first week of jan 2018 as soon as first correction happens. But this time market tried to break its support level several time but failed. Same can be said with its rally too. Too many attempts to break its resistance. Its really a unique bull market.
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Unique bull in feb-march 2022.
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Feb-march 2022
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You said very well, at a one moment bitcoin was worthless bought a Pizza by paying 10000 bitcoins but now no one can even dream it. Those who are bought Pizza at that moment, i am sure that they will never forget the situation until death. However bitcoin growing fast it's one way. No one can stop him when ever he runs if we look at the bull market price chart then we can deserve it's strength. With in few months we can see one another Bull Run.
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Feb-march 2022
Maybe we will see the bulletin at the middle January until February next month.
That's just prediction, because I see market sees still strong, no sign to be bearish.
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Feb-march 2022
Maybe we will see the bulletin at the middle January until February next month.
That's just prediction, because I see market sees still strong, no sign to be bearish.
hopefully what you say can happen quickly because so far when price movements collapse there will be time for a bull run again and usually in the middle of the year there will be good news that can provide cryptocurrency price movements including bitcoin prices to make price increases.
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I believe the upcoming bullrun will be better than 2017 hopefully in January or next month bitcoin crawls up and the current cryptocurrensy growth is quite good since the previous year
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The best thing is there are no middlemen and we have full control over our money can transact across the world instantly without anyone's help and that too instantly and this is the beauty of cryptos. A new thing has to start from anywhere and bitcoin came to the limelight when a Btc holder buys pizza for 10,000 Btc if we consider 10,000 BTC at the current price certainly in my country I don't need to do anything can live a good life. Many altcoins projects fails in the past years and we know very well it's not easy to survive in the market unless a project has a strong supportive community and we need more altcoins to keep improving on the part for technology.
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FEB-MARCH-2022
What about feb-march 2022? Do you expect something to happen then specifically?
While I'm sure another bull run is bound to come sometime in the future, currently there aren't any events in clear sight that would inspire it.
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I personally look forward to bullrun in the first half of the year, but not necessarily in March-April. It is quite possible that this will happen in May-June 2022. 5 growth wave has not been canceled
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Unique bull in feb-march 2022.
The bullish period in February-March was in the past, 2021. True, it covered several more months both before this time and after it. It can also be called unique. Will similar events in the price growth of cryptocurrency be repeated this year? It is possible, but also not necessary. But the end of winter and the beginning of spring are generally not a bad period for cryptocurrency.