Bullrun 2020 vs bullrun 2017

[MrSpasybo]

“2017 was all about hype and first-time users jumping in to try to catch BTC because of FOMO (Fear Of Missing Out),” Celsius CEO Alex Mashinsky told Cointelegraph. “This time, it is different,” he noted. “The fact almost no one is searching for BTC,” said Mashinsky, referencing data from Google Trends, “tells you everyone already knows what it is and where to buy it (cash app or Paypal).”

Article: This bull market is different because people already know about crypto, Celsius CEO says

In your opinion, is the crypto market really matured and does this bullrun have any big difference compared to 2017? Stats like Google BTC searches are for reference only, and I think searches lower than 2017 are simply because everyone already knows the basics of blockchain & BTC.
Currently, the investor situation with FOMO is still going on. They were FOMO by liquid DeFi projects, they were FOMO because PayPal, Ebay, Visa information accepted the value of BTC, however I am not sure if this FOMO is reasonable or not. I really expect BTC to reach $20K soon, and $15K is the bottom of next small correction. The obsession of BTC's fall in 2018 continues to haunt me, which makes me not dare to put much faith in this bull-run.
And since 2017, I haven't bought any more satoshi.

[Fivestar4everMVP]

2020s crypto bull run is sure different from that of 2017, just as you (the op) have clearly said , 2017s crypto bull run was more of a FOMO thing , thats people getting to know about bitcoin for the first time and deciding to try it out , but here in 2020, bitcoin is already known by almost anyone and i did say that the bull run is more natural this time because the price is been driven up by real investors this time.

[Quart]

FOMO is always there but as long as we know how to play with the FOMO, I think there is no problem. Many people follow the FOMO or the hype of Defi projects, in the fact they really can earn big profits from the projects. Yeah, it is no problem if we know it well. But if we don't, just forget it.

[KKH84]

I agree that the bull run in 2017 was due to curiosity about Bitcoin and the blockchain technology in it.  As for this year, indirectly the pandemic has a role in the increase in crypto prices besides because there is positive news about paypal, I hope that next year, namely 2021 the price of Bitcoin can be above 20K.

[Hometown]

Bullrun 2020 and bullrun 2017 comparison, I support bullrun 2017 because those bullrun all cryptocurrencies market bullrun but in bullrun 2020 only some popular coins price pumped. Bitcoin, Ethereum, ripple, litecoin etc price more pumping but others cryptocurrencies market are in dull position.

[gotbounty]

In my opinion, the bull run that occurred in 2020 and what happened in 2017 is much different. Because it can be seen that the current bull run is very smooth and calm. Many people are more knowledgeable and experienced in crypto so they can control their emotions well during a bull run.

[TomPluz]

In 2017, the term FOMO came into its peak of popularity but come 2020 it is seldom in connection with the ongoing bull run. Maybe because the market has already matured and it is now institutions pushing the demand higher...and although this is good news the other side on this is that more and more powerful organizations are top gain more Bitcoin away from the normal people which should have the case. Anyway, it is really true the bull run today is more solid and clearer than in the past.

[Crypto Guard]

The conditions for the bull run in 2017 are very different from that in 2020. Because in 2020, many investors in crypto are increasingly familiar with crypto. So they are calmer in facing the bull run. And they're in no rush to sell either.

[Delgboke]

I think in the 2017 cryptocurrency bullrun seem to be more heavier than of 2020 although many things have changed in the cryptocurrency industry that make up 2020 crypto bullrun talking about Defi project that was not their in the year 2017 gives more convinction that crypto bullrun in 2020more edge and profits in crypto investment.

[pealr12]

I still not convinced what happened with the btc price surge was a bull run, although I don't have an explanation to it but am not convinced it was a bull run either, I mean that will be quick and short bull run for btc alone, like what one member said above I believe it was the fomo and the news about PayPal (institutional investors coming into crypto) well this are just my opinion,
A proper bull run will most certainly carry other alts along.

[flyaccount]

I think the conditions are quite different. Where in 2020 there are many crypto communities whose knowledge is already good. It's different from last 2017. And emotions can also be more muted because of course there are many who learn from experience.

[gurunanakji777]

I would also say in 2017 there was huge hype in the market but now I can say there is no hype and BTC is over 19000$. Now many countries recognize bitcoin. But we all are waiting for the altcoins bull movement as well. Most of the altcoins are still in the consolidated zone and ready to fly. I would consider a complete bull run only when altcoins will also rise.

[Ghozrd]

The price of Bitcoin is increasing because of FOMO, that's true, but at the same time, bitcoin has a blockchain and has an affordable price, so at the beginning of the Bitcoin transaction it was used to pay for pizza, nobody knew that bitcoin price would reach $ 20k in 2017.
But the price of Bitcoin is increasing due to the demand, using Bitcoin to pay for $ 100k worth of items only needs to have 5 BTC with easy transactions without transaction limits per day like banking.
Therefore, the bullrun in 2020 looks like it will reach a new ATH, everything will be seen when the number of requests from BTC this year.

[Laithis]

Well, of course, everything changes. It is natural.

[vitek146]

In 2017 there were many projects that made it possible to earn very decent money, literally from scratch and in 10 minutes of work, if we talk about bounties and airdrops, literally every 3rd project brought x5-x10 for investors. There was a hype and the crypt became very popular and profitable for leveling. Now we are witnessing a certain revival of the market, but there is no such thing as in 2017, unfortunately, since there are a lot of unscrupulous projects, and it is very difficult to find a real one that will not disappear when the funds are raised.