I learned about crypto in 2012 and joined the market in 2017. I've witnessed and experienced a lot of crazy things in this market, and the craziest of all is probably the expectation of a "supercycle" that is repeated in every crypto cycle. As I understand it, a supercycle is defined by a strong and continuous price increase in the long term, no longer limited by the 4-year cycle of the traditional market.
In 2013, the "supercycle" was mentioned as a new era after BTC price reached $1K and became very famous. Investors believed that BTC would permanently replace fiat and we would have a decentralized economy. That belief collapsed under the impact of the 2014-2015 crypto winter.
In 2017, the "supercycle" was mentioned again during the ICO fever and BTC price reached $20K. Investors heard interesting ideas in every field being brought to the blockchain and crypto becoming a means of payment for those services. ICOs were even considered a more efficient way of raising capital than IPOs, meaning the capital raising process would be changed by crypto and the stock market would shift towards tokenization. This expectation collapsed due to the 2018-2019 crypto winter. I missed the opportunity to sell all my tokens, most of which failed and are no longer traded.
In 2021, the "supercycle" was fueled by the belief in crypto applications, including DeFi as a replacement for CeFI, GameFi bringing blockchain & crypto into everyday life, and NFTs tokenizing non-fungible assets. Many KOLs even declared: the supercycle is BTC at $100K. The reality is that BTC price failed to reach $100K in 2021-2022, and the supercycle became a bitter joke. I couldn't take profits at the peak and lost most of my gains.
This year, 2025, the "supercycle" is mentioned again with BTC success in conquering $100K and the BTC Spot ETF. Additionally, Trump win has opened new opportunities for BTC and crypto in the US and globally. We see BTC becoming a strategic reserve asset for many governments, corporations, and companies. We see the disappearance of unfounded accusations related to energy waste and money laundering surrounding BTC. We see the crypto army occupying many governments... KOLs are starting to make big predictions for BTC, they suggest that BTC will never have another major decline, and the crypto winter has been completely erased.
I don't believe this, because the stock market, with its long history, also follows a 4-year cycle. My experience tells me that the crypto community is currently experiencing FOMO and has unrealistic expectations. Some investors say that whales have deceived us in previous cycles, but this time, when we are skeptical about the supercycle, the whales will make the supercycle a reality. I think this is entirely possible but it's not something I can bet my account on. My plan in this cycle is to wait for a reversal signal on the BTC price chart to exit the market with a reasonable profit.

Recently, the trade war and its impact on crypto have helped to cool the heads of extremely FOMO investors. Investors are starting to become more cautious and thinking about risk management instead of going all-in and gambling with the market. Thanks to the trade war, we can also imagine many new scenarios for the market crash during the crypto winter, including macroeconomic reasons such as the escalation of the trade war, inflation, financial crisis, and internal reasons such as the instability of revenue-sharing stablecoins and Restaking.
Are you pursuing the belief in the "super cycle" in this cycle?