Next Bitcoin Bull Run Will Be ‘Dramatically Different’

[maxreish]

So, is it because there is development in some aspects like business adopting bitcoin then we will have dramatically bull run? I don't see any different with the next bull run if that happens. Adoption is given and we can see how far bitcoin is growing, more projects that has potential use as before but there are circumstances that the more we expect it to be that way (as go further dramatically be different)  the more it stays the same. Progression is normal and so the the market, too.

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[DeathAngel]

There’s still at least one more huge rise of great multiples left in bitcoin. I actually think there will be two (one after the 2024 halving).
I expect to see 6 figure bitcoin price next year & possibly 7 figures after 2024 halving.

[Oasisman]

There’s still at least one more huge rise of great multiples left in bitcoin. I actually think there will be two (one after the 2024 halving).
I expect to see 6 figure bitcoin price next year & possibly 7 figures after 2024 halving.

That If people keeps following the Bitcoin halving trend, which I also believe more than 50% of investors will.
But, does Bitcoin block halving supposed to make a great bull market? Or is it just because a lot of people believed so?

Anyway, this prediction is non different than other big name personality's predictions. Bitcoin is bound to break these figures, but the question is "when?", because many investors and traders believed it will. These people are just making a scene and are trying to affect the market sentiments.

[Maslate]

I read the article very fast, I didn't see them mentioned a price as their prediction, all reasons are saying that it's bigger and better this time, so probably if we translate that into figure, that would mean a bigger price compared to the last bull run, hence it's expected to see a bull run this time.

I hope the bull run is just around the corner, haven't heard from them for a while, good thing there's a fresh bullish news from them.

[exstasie]

How does the next bull run differ from the previous bull run? A bull run is all about the rising of prices.

It's a question of magnitude.

Since Bitcoin's price is directly related to adoption, we can think of its price cycle in terms of technology adoption curves. Now if BTC is to become mass adopted, then we're still only in the early adopter phase:



Consider the implications of that. The chart visually shows how the price cycles seen in 2011-2017 may just be tiny blips compared to the mega gains coming during the mass adoption phase.

People around here can barely conceive of > $20K. Let's talk millions USD.

[minairia3]

How does the next bull run differ from the previous bull run? A bull run is all about the rising of prices. The bull run in the past few years will essentially be the same bull run that we will see in the coming future.

Last time it was triggeres by Bitcoin bubble as well some ICO hypes that are dead by now. This time Im thinking the reason of bull run could be trigger by ethereum 2.0 which will pulled other coins/tokens, not to mentioned defi hype is increasing and accumulating a lot of funds right now. For the bitcoin case, its the natural adoption of most investors plus the new one that enters the market.

With this pandemic, I think many players realized the potential of blockchain and thought to be safe haven but Im not speaking for everyone.

Does anybody think we can surpass its previous ATH for most coin such as bitcoin and eth?

[Taskford]

How does the next bull run differ from the previous bull run? A bull run is all about the rising of prices. The bull run in the past few years will essentially be the same bull run that we will see in the coming future.

With this pandemic, I think many players realized the potential of blockchain and thought to be safe haven but Im not speaking for everyone.

Does anybody think we can surpass its previous ATH for most coin such as bitcoin and eth?

Though potential is there but we can't deny the fact that there are other existing online resources to be used by the other and provably huge percentage of the people using it for contact less transaction, but what good thing here is bitcoin and blockchain gather much attention on this pandemic maybe that's the reason on why we see some surprisingly stable price when for the past few days or even last month.

But maybe we can surpass the past ATH since slowly by slowly we can see some rise which is healthy by now especially we are still on the hype of the halving + the other thing.

[Rosilito]

-
Bitcoin is now fully unpredictable, no one knows what will happen in upcoming days. But yes bitcoin still has a great value and people love to hold it.

Apparently, it was always been unpredictable way back before. Btw, what do you mean by fully thing there? I'm just a bit confused  .

So, is it because there is development in some aspects like business adopting bitcoin then we will have dramatically bull run? I don't see any different with the next bull run if that happens. Adoption is given and we can see how far bitcoin is growing, more projects that has potential use as before but there are circumstances that the more we expect it to be that way (as go further dramatically be different)  the more it stays the same. Progression is normal and so the the market, too.

I supposed so. However, they were talking about some various points that may add up to this dramatic change. I'd say, their reasons were convincing enough though. And yeah, progression is normal, after all but considering those underlying stuff on what would made this progress different from what it was before shouldn't be disregarded, as it may help you decide when to take part in, and when not  .

[suzanne5223]

How does the next bull run differ from the previous bull run?

Thats because alot of people are now aware of hedge level of crypto in terms of inflation and Kiyosaki statement about bitcoin is also enough to move the mind of his book reader to crypto.

There’s still at least one more huge rise of great multiples left in bitcoin. I actually think there will be two (one after the 2024 halving).
I expect to see 6 figure bitcoin price next year & possibly 7 figures after 2024 halving.

I also think the price of bitcoin market could reach 7 figures in years to come after future halving but with the volatility in nature of the market i strongly believe is too early for us to predict 3-6 years market price now because such expectation may also need to disappointment. However, making such prediction wont make us different from those analysis that mathematically the predict of crypto market.

[Febo]

Winklevoss Twin says,
"The next BTC bull run will be dramatically different. Today, there's exponentially more capital, human capital, infrastructure and high quality projects than in 2017. Not to mention the very real specter of inflation that all fiat regimes face going forward. Buckle up!"

That is so dumb. If there would be the same amount of capital ready then we would get Bitcoin price to $20000.  Many predict price of Bitcoin will go to $200k.  So yes a whole lot of more capital will e needed to do that. Many many times more then what happened in 2017.

[hatshepsut93]

That same thinking applied in 2013 and 2017. Skeptics said the same exact thing. "Too many people got burned last time, it'll never go exponential like that again!" Those skeptics were wrong.

Most people are aiming at $25K-$100K. That tells me the next bubble will top much higher.

It's impossible to predict but I wouldn't be surprised at all to see $300K-$400K, especially since so few are expecting it.

True, but just because it wasn't correct the last time, doesn't necessarily mean it won't be correct this time. In 2013 barely few people outside of crypto knew about the bubble, but in 2017 the late stage of the bubble was covered by all mainstream media, even national television. Awareness about Bitcoin, and its reputation as a volatile, bubble-prone investment is much stronger now.

$300K-$400K is a really cool scenario, but I think hoping for it is more likely to make people miss out on decent profits or just cause losses for those who enter later.

Could be. There's another possibility: BTC adoption is following an S-curve, and we haven't even seen the exponential mass adoption phase yet.

To me S-curve always sounded like a justification to have this extremely slow adoption that we have now. There's no evidence that Bitcoin follows this curve or any other.

[dunfida]

How does the next bull run differ from the previous bull run? A bull run is all about the rising of prices. The bull run in the past few years will essentially be the same bull run that we will see in the coming future.

With this pandemic, I think many players realized the potential of blockchain and thought to be safe haven but Im not speaking for everyone.

Does anybody think we can surpass its previous ATH for most coin such as bitcoin and eth?

Though potential is there but we can't deny the fact that there are other existing online resources to be used by the other and provably huge percentage of the people using it for contact less transaction, but what good thing here is bitcoin and blockchain gather much attention on this pandemic maybe that's the reason on why we see some surprisingly stable price when for the past few days or even last month.

But maybe we can surpass the past ATH since slowly by slowly we can see some rise which is healthy by now especially we are still on the hype of the halving + the other thing.

We dont need hype or something similar, what we need is gradual increase at the same time having strong supports which wont easily make the price crash that hard.
We have seen for how many times that the market is being hyped up or being pumped that fast but what happen later on? It did crash and i dont prefer to see that again but we
dont have full control on whats gonna happen.We should be at least thankful on what weare currently seeing  at the moment which price is starting to cling up
and reaching to previous ATH would surely not a simple ride on where most people do anticipate that much.

[STT]

I'll go with Mark Twain over winklevoss, history doesn't repeat it rhymes.    It will be different but people always underestimate the size of the move possible and the volatility while it does it.  So 2017 as I understand or remember it was off the scale in giant moves downwards while somehow looking back it just seemed to keep rising beyond any expectation.   So that part I do think occurs again and also I still think 2021 is bigger then 2020 for the lagged effects of halvening and other accumulative pressure on BTC to the upside.    Possibly right now we are just repeating last summers highs and redistributing speculation since then, also BTC doesn't operate alone we have disruptive waves incoming from main markets both inflation seems apparent  then the difficult part is deflation is going to knock us off the surf board at times too.

[Botnake]

If we talk about adoption, from 2017 to the present, I guess we can say that there's a lot of improvement already. D

DeFi was not their in 2017 as ICO was the favorites, but now it was hype and the market is currently bullish, and not only that, there's a lot more that would contribute for bitcoin to pump, however, it's also possible that bitcoin will not break its new ATH but we will be seeing a stronger market where price are more stable so it's less likely to see the same scenario in 2018 which is a consistent dump throughout the year.

The growth could be something that is slowly but surely, this wouldn't cause panic as more big investors are willing to hold and will not play on the price unlike what the whales are doing.

[aioc]

Very much different because we have new concepts that are not around in 2017, and coins that are in the market are real projects there are no pump and dump coins anymore that are on top of the market, and investors are more discerning now more than ever  they only support projects that has potential for future development not to mention the many industries and institution around it now.

[Pamadar]

Winklevoss Twin says,
"The next BTC bull run will be dramatically different. Today, there's exponentially more capital, human capital, infrastructure and high quality projects than in 2017. Not to mention the very real specter of inflation that all fiat regimes face going forward. Buckle up!"

That is so dumb. If there would be the same amount of capital ready then we would get Bitcoin price to $20000.  Many predict price of Bitcoin will go to $200k.  So yes a whole lot of more capital will e needed to do that. Many many times more then what happened in 2017.

There's a big possibilities that this statement from the Twin would happen along the way, with the exposures of bitcoin being
means for transacting over borders and those who uses their bitcoin online, those successful transaction will build strong bonds between
senders and receivers, more money to play inside the market and more actual businesses to adopt this chain the more bigger t
he chance to expect more value from this cryptocurrency.

[exstasie]

That same thinking applied in 2013 and 2017. Skeptics said the same exact thing. "Too many people got burned last time, it'll never go exponential like that again!" Those skeptics were wrong.

Most people are aiming at $25K-$100K. That tells me the next bubble will top much higher.

It's impossible to predict but I wouldn't be surprised at all to see $300K-$400K, especially since so few are expecting it.

True, but just because it wasn't correct the last time, doesn't necessarily mean it won't be correct this time. In 2013 barely few people outside of crypto knew about the bubble, but in 2017 the late stage of the bubble was covered by all mainstream media, even national television. Awareness about Bitcoin, and its reputation as a volatile, bubble-prone investment is much stronger now.

Awareness isn't what matters to price. What matters is adoption (buying) and the collective refusal to sell.

$300K-$400K is a really cool scenario, but I think hoping for it is more likely to make people miss out on decent profits or just cause losses for those who enter later.

As usual, old timers will probably sell way too early and newcomers will buy high and baghold themselves into deep losses.

Very few people exit at the top.

Could be. There's another possibility: BTC adoption is following an S-curve, and we haven't even seen the exponential mass adoption phase yet.

To me S-curve always sounded like a justification to have this extremely slow adoption that we have now. There's no evidence that Bitcoin follows this curve or any other.

I've never heard it used to justify slow adoption, but it stands to reason that if a curve is exponential, the rate of change during earlier periods would be slower than later periods. That's the nature of exponential increases.

There is no evidence Bitcoin is following an S-curve, no, but in all fairness that can only be known in hindsight, after the exponential increase has already occurred.

There is also no evidence BTC will be capped at $30K-$40K in the next bull market.

[fullhdpixel]

It can as well be different in the opposite way. There's more people but also more holders who bought Bitcoin in the longest bear market in history.

I hold my coins and I'm bullish but let's not forget that if all those people who bought for sub 10 thousand think of 20 -25 thousand as their target we may never go very far.

The big bubble that used to be 5-10x can this time be only 1 -1,5x and this will make it dramatically different. The next bubble in 5 or more years can only be 0.5x and so on. It still won't be bad because imagine going 0.5x from 40 thousand dollars. That would still leave us at 60 which is a great price. I wouldn't wait for 100 or 200 thousand dollar bitcoin though.

You’re making a point here, that’s why everything basically all about demand and supply. Like you have said if these people have a target of $25,000 and $20,000, that means that once we approach that level and many starts to sell their coins in the market, we are definitely going to start falling back to a low price. Although I don’t think that’s going to happen, because I’m convinced that majority of the people here are looking forward to a price that is more than that. I really can’t wait to see the price go really high, more than what we are seeing now.

[carlisle1]

Very much different because we have new concepts that are not around in 2017, and coins that are in the market are real projects there are no pump and dump coins anymore that are on top of the market, and investors are more discerning now more than ever  they only support projects that has potential for future development not to mention the many industries and institution around it now.

The nature of those investors are no longer the same, most of them are doing deeper research before making any investment, it's a good sign that being matured and looking for better reason before taking any participation to any projects is very in need.

Those who failed to  do DYOR are mostly being moved by fomos forgetting the essentials of having a well established foundation before taking their decision.

With new breed of investors the cycle might be more different than what happened last 2017, conventional traders are more into reasons and not just pure speculations, better to make yourself well prepared working with this new people around this market.

[buwaytress]

True, but just because it wasn't correct the last time, doesn't necessarily mean it won't be correct this time. In 2013 barely few people outside of crypto knew about the bubble, but in 2017 the late stage of the bubble was covered by all mainstream media, even national television. Awareness about Bitcoin, and its reputation as a volatile, bubble-prone investment is much stronger now.

$300K-$400K is a really cool scenario, but I think hoping for it is more likely to make people miss out on decent profits or just cause losses for those who enter later.

Yeah, and those who now reside in the camps either side of Bitcoin are a lot more stronger in their convictions too. Combine that with the level of knowledge and awareness (doesn't matter right or wrong) from 2017 to 2020, to the previous bull runs, and it's impossible to ignore that people really do know about it today, even if not for the accurate information. Kids talk about it now, shop people, it's in the news. Doesn't matter they're generally wrong or not quite spot on, they're aware of it and there's a million ways now to buy Bitcoin (again, doesn't matter if they're actually owning it with wallets or using investment apps), so if they're wanting in, they're either already in or en route.

There isn't going to be as much blue ocean (term I hear a lot now) as in the past.

But hey, I'll be the first to crack a smile if I'm dead wrong.