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Author Topic: Things are quit different now it seems  (Read 198 times)
Stanlo (OP)
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April 29, 2021, 03:39:53 PM
 #1

Looks like this bull market isn't going to be over for a very long time and now I'm thinking that those who buy GPUs that are 300$ @MSRP for 600$ still have a chance of making back their ROI before time runs out, also the bear market we gonna be getting from now on will be different from the almighty falls of 2018 or before that, adoption of today is more real and serious
batsonxl
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April 29, 2021, 08:10:18 PM
 #2

Dont want cause panic but btc loosing dominance (49.33%) which is good for alts but at same time on weekly chart btc says sell for the 1st time. It is not 100% correct ofcourse if btc goes up and breaks ATH then scenario will change. Also same like in 2017 btc loses dominance to 35% then eth and other alts makes ATH then all crashes sadly. i wish bull continues as long as possible, but chart of btc makes me worry for now
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April 29, 2021, 08:41:53 PM
 #3

Dont want cause panic but btc loosing dominance (49.33%) which is good for alts but at same time on weekly chart btc says sell for the 1st time. It is not 100% correct ofcourse if btc goes up and breaks ATH then scenario will change. Also same like in 2017 btc loses dominance to 35% then eth and other alts makes ATH then all crashes sadly. i wish bull continues as long as possible, but chart of btc makes me worry for now

I remember in 2017 to 2018 how the market crashed, and we have some signals that indicates the same now

I am also very optimistic about the market, but it's good to have a plan b, I already stopped to buy hardware, that's a lot to think, EIP 1559, more asics coming to ETH and hashrate increasing.

On the other there's a lot of people and companies looking for cryptos, and maybe we didn't reached the peak yet for BTC and ETH, and our GPUs will be expensive at least this year for sure, manufacturers are having problems to produce hardware and only in 2022 things can return to "normal".

In my plans, I just want the bull market continues until end of June, and I'll be in a good position, but I wish this cycle keeps until end of the year, and ETH keep rising in price accordingly to hashrate.

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Vann
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April 30, 2021, 12:18:21 AM
 #4

I think this latest Crypto bull run has shown the alt markets no longer moves in correlation with the BTC market as it has in the past. During this latest bull run, the gains in the alt markets have far out paced the gains in the BTC market. Meanwhile you have entire market segments built upon ETH, which is having trouble keeping pace due to scalability and transaction costs limiting that growth. IMO, EIP 1559 drastically reducing the rewards miners receive by a 1/3 or more combined with release of Bitmain's new ETH ASIC is going to be a tuff hurdle for GPU miners to overcome in the short term. While I'm bullish on ETH long term, I would not expect the ETH price to keep pace in the short term due to the scalability issues and to many projects looking to implement their own Layer 2 solutions, or their own chains entirely, reducing their dependence on ETH. Due to all of this, If I were building rigs today, I would not count on the current profitability to remain short term and it would probably be better to mine with a longer term perspective.
Metroid
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April 30, 2021, 04:34:00 AM
 #5

I see nothing different than 2011, 2014 or 2018. The crash will come and will be very bad just like 2011, 2014 and 2018. The crash will come before 2022.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
CryptoATM
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April 30, 2021, 10:43:56 AM
 #6

Of cos, when bull run is present we always wish for it to stay that way but only a fool will hope for such with many samples we've seen in the past, bear market is inescapable, it's definitely coming so prepare for that and erase that lie from your mind, God bless
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April 30, 2021, 10:51:05 AM
 #7

Looks like this bull market isn't going to be over for a very long time and now I'm thinking that those who buy GPUs that are 300$ @MSRP for 600$ still have a chance of making back their ROI before time runs out, also the bear market we gonna be getting from now on will be different from the almighty falls of 2018 or before that, adoption of today is more real and serious
Different how? I don't see any difference mate, I see more interest in crypto and more adoption but just because of these bear market can not be erased from crypto space, does who invest millions will take profits and hope for market to fall so they can buy low again, whales are not stupid

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April 30, 2021, 11:41:09 AM
 #8

Truth is, that is what manipulators want sheeps to think, "this time is different", "not a bubble anymore", "bitcoin soon, 1 million dollar" and so many other quotes that the media is disseminating around, they want to make sheeps believe that any crash will bounce and this will keep rising, so sheeps sell all their belongings and invest in crypto, then one day in few minutes, the market crashes 40% then sheeps think it will bounce hard, so the sheeps dont sell, psychologic effect here then few days later the market crashes another 50% from top, making it 90 to 95% crash and then no hope to bounce back and that is where it stays, people then do not buy anymore because afraid it will crash further then gameover, then after few years these same manipulators knowing there are new sheeps around then start the whole process again, pay the media to hype it and then create another huge bulltrap. They have been doing this for the last 10 years and successful because as we stand bitcoin and the whole crypto market still only speculation.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
FP91G
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April 30, 2021, 02:24:54 PM
 #9

I see nothing different than 2011, 2014 or 2018. The crash will come and will be very bad just like 2011, 2014 and 2018. The crash will come before 2022.
In 2011, hundreds of users knew about cryptocurrency; in 2014, cryptocurrency was not in great demand.
Today, the situation is different and cryptocurrency has become part of the financial system of many countries. I do not believe that we will see the price of 1 Ethereum for $ 100 in the near future.
2022 will probably be even more positive for the cryptocurrency market.
Bravehash
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April 30, 2021, 03:29:59 PM
 #10

I am expecting bear market but it won't be like the past bear market we have seen, there won't be an opportunity to buy BTC at 3000$ anymore, there won't be an opportunity to buy Ethereum at 150$ anymore, the lowest that Ethereum would go if bear market starts will be 500$ and bitcoin will still be at five figures

batsonxl
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April 30, 2021, 04:20:19 PM
 #11

I am expecting bear market but it won't be like the past bear market we have seen, there won't be an opportunity to buy BTC at 3000$ anymore, there won't be an opportunity to buy Ethereum at 150$ anymore, the lowest that Ethereum would go if bear market starts will be 500$ and bitcoin will still be at five figures
Sure thing it will never be 3k again if something huge happens. but there will be  opportunity always to buy and sell.
 Good news folks btc gone up to 57k right now .important is holding there.
batsonxl
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April 30, 2021, 04:26:02 PM
 #12

Truth is, that is what manipulators want sheeps to think, "this time is different", "not a bubble anymore", "bitcoin soon, 1 million dollar" and so many other quotes that the media is disseminating around, they want to make sheeps believe that any crash will bounce and this will keep rising, so sheeps sell all their belongings and invest in crypto, then one day in few minutes, the market crashes 40% then sheeps think it will bounce hard, so the sheeps dont sell, psychologic effect here then few days later the market crashes another 50% from top, making it 90 to 95% crash and then no hope to bounce back and that is where it stays, people then do not buy anymore because afraid it will crash further then gameover, then after few years these same manipulators knowing there are new sheeps around then start the whole process again, pay the media to hype it and then create another huge bulltrap. They have been doing this for the last 10 years and successful because as we stand bitcoin and the whole crypto market still only speculation.
Yes i agree with that. Sheep will sale in panic 1st crash if they wait alittle more there is always re test the price they can sell it right there but people who dont know waits for more higher then loses 90% sadly.When every people talking about bitcoin it means it is about to crash. Where ever you go people talk about bitcoin, you open tv advirtisement of exchanges. You go to barber shop, talking bitcoin.
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