Major differences between Bitcoin rally 2017 and 2020

[chretienm]

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.
2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

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[Leviathan.007]

As already discussed here: https://bitcointalk.org/index.php?topic=5290012 - 2020 rally is much more stable and standing stable for much more days comparing to 2017. Because, on 2017 we had bitcoin above trading above 10K only for 29 days, less than a month. during the 2017 bitcoin pump was partly happened because of the new investors investing on bitcoin but on 2020 there are many positive fundamental news related to bitcoin such as grayscale and paypal. This will stabilize the price on long period of the time. 

[royalfestus]

As already discussed here: https://bitcointalk.org/index.php?topic=5290012 - 2020 rally is much more stable and standing stable for much more days comparing to 2017. Because, on 2017 we had bitcoin above trading above 10K only for 29 days, less than a month. during the 2017 bitcoin pump was partly happened because of the new investors investing on bitcoin but on 2020 there are many positive fundamental news related to bitcoin such as grayscale and paypal. This will stabilize the price on long period of the time. 

The strategy will be a little different with the size of money require to push the price to 100k+. They are creating scarcity with the inclusion of institution in purchase of bitcoin, also mopping up of the mined bitcoin as it comes out. Whales are holding over 80% of bitcoin and other altcoins are adopting staking for price increase. I expect a early parabolic market and will catch people unaware but there chances for slight difference. Everything is even in place earlier than in 2017

[Sithara007]

This time, the altcoins are lagging behind. During the last rally (in 2017), the Bitcoin market share was somewhere around 40%, and the corresponding figure now is 62%. I am not discounting the sharp upswing shown by ETH and XRP during the last 24-hours, but I would say that this bull run mostly depends upon Bitcoin. I expect the BTC dominance to remain above the 60% level for the next few months.

[Viscore]

Last 2017, the entire crypto space is in hypes, ICO, altcoins, and Bitcoin. But seeing the situation today, only Bitcoin did the rally. Though we saw some potential altcoins had it pumps but only a few of them. I really think that most investors are now focusing on Bitcoin and considered this as a long-term investment unlike we saw before.

And another thing is that this year is perfect for Bitcoin adoption as the pandemic hit that it helps to maintain the demand. And have to notice also that big companies are now considering Bitcoin as an alternative option for the payment system which has a huge effect on the market.

[The Cryptovator]

What differences did you notice?

Everything should be a difference. The previous bull run happened in 2017, and it's 2020 now. So everything already changed. The reason for both bull runs would different like we are seeing many adoptions on Bitcoin this year. Community growing day by day and expanding bitcoin uses. The main difference in my opinion that the community expands a lot. Many peoples realizing the fact of Bitcoin and entering on it. Most probably, that's the reason why we are in bull run currently.

[livingfree]

2017 bull run was made due to ICO proliferation and Tether minting.

This bull run is a natural growth for bitcoin. The adoption by those institution that you have mentioned are playing an important part on the community and bitcoin's rally for this year.

2021, we will see a much better result that will take effect by that year.

[XCANA]

The likes of PayPal and squares buying the most recent mined Bitcoins will be a major reason for this bull run sustainability on a long term IMHO. This Bitcoin rally is way far better and bigger than the 2017 rally, becasue of these institutions going into Bitcoin, also, there are good numbers of millionaires and billionaires going into Bitcoin for investment and the fiats started collapsing. The market is growing becasue of global gradual adoption on the move.

[BrewMaster]

1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.

this is not something we can ever know or measure. a whale can easily split his coin between multiple addresses which would look like the number of addresses with a lot of coins are decreasing or may look like he is selling but it is not what is happening in reality.

3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.

do you have any data to back this up or is it your personal guess?
i am curious because i still see bitcoin grow all around the world the same as before, in Asia or any other continent.

4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

there is a problem with this statement since you are saying the entire 2017 which is a whole year. most of 2017 was actually very predictable and price went from around $800 if i am not mistaken to $20k. the only unpredictable or less predictable period was the last month.

[rdbase]

As already discussed here: https://bitcointalk.org/index.php?topic=5290012 - 2020 rally is much more stable and standing stable for much more days comparing to 2017. Because, on 2017 we had bitcoin above trading above 10K only for 29 days, less than a month. during the 2017 bitcoin pump was partly happened because of the new investors investing on bitcoin but on 2020 there are many positive fundamental news related to bitcoin such as grayscale and paypal. This will stabilize the price on long period of the time. 

It is certainly different this time in 2020 because from back then no corporate entities were interested in bitcoin and they viewed it not as stable as precious metals or even stocks. Back then it was even relying on the SEC on getting approval for on ETF. Which when it was announced skyrocketed the price only due to them speculating on having it viewed by senate representatives. What happened? They took all of 20 seconds to ask about it then it getting a flat out denied by the senate appeal.
This made the confidence level in bitcoin drop and so did the price after hearing this news hit media outlets yet again.

So here we are in 2020 and talks of paypal showing interest and educating the uneducated about it allowing them to purchase it directly from their platform, yet not allowing them to withdraw it off of there.
CNBC having interview after interview with big heads of corporate companies saying it is better than gold and it is worth 10oz of the precious metals driving up interest from many others to finally pay close attention to this rise up from $8000 to $19000 in a matter of a month and a half.
It breaking records in hashrate and some other things I am less inquisitive on. But it all means more money is flowing into bitcoin.

So to me this rally is real and less fabricated than the last one back in 2017.
Meaning this one is here to stay and not drop all the way down to $3300 like it did back in March of this year.

[Onuohakk]

This year's bull run will be quite different from 2017. The awareness of bitcoin has spread more globally than before which has attracted many investors into the crypto sphere. There has been speculation that Bitcoin can go above $100k. Think of what happens to altcoins if BTC hits that speculated amount

[pawanjain]

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.
2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

You have missed one major point and that is bitcoin dominance. In 2017 the dominance of bitcoin was less due to the ICO hype.
Many investors threw their money on altcoins popping up in the ICO era. Due to this the dominance for altcoins increased a lot.
This time though it's bitcoin who is leading the dominance and this is a good sign since many people are holding bitcoin.
This only means that the price is about to grow more.

[Bttzed03]

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3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.

do you have any data to back this up or is it your personal guess?
i am curious because i still see bitcoin grow all around the world the same as before, in Asia or any other continent.

The only catalyst in the Asian market that I could think of was when the Japanese Financial Services Agency allowed some exchanges to operate under their watchful eyes. This was in addition to Japan's legally accepting bitcoin as a form of currency earlier that year. The news on Japanese exchanges also came after the Chinese government ban on ICOs.

[Hamphser]

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.
2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

So here's my counter-reaction on what you had said.

1. More whale or big player accumulation then doesnt mean that they would just remain hodlers and one time they would really tend to sell their bags.

2. They've been here already and just quietly accumulating for some of them.

3. Asian and American? Theres no precise number or statistics with that when it comes to dominance.

4. Bitcoin price or rally is never been technically predictable.We can just say that charts are effective now just because the price
   did go along with it.

[rdbase]

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.
2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

You have missed one major point and that is bitcoin dominance. In 2017 the dominance of bitcoin was less due to the ICO hype.
Many investors threw their money on altcoins popping up in the ICO era. Due to this the dominance for altcoins increased a lot.
This time though it's bitcoin who is leading the dominance and this is a good sign since many people are holding bitcoin.
This only means that the price is about to grow more.

This was one of the topics which was referring to that I do not quite understand when it comes to the bitcoin price yet it did break a record just recently and is one of the major staying factors for the price to stabilize.

[KennyR]

Everytime growth of bitcoin is connected with some news associated with it. Compared to the previous bull trend, this year we've got more big news to keep the market grow high and high. The year has made more newcomers into the cryptomarket, and this has happened as a result of people looking for opportunities to earn. As most users mentioned, the market scenario at present and 2017 is entirely different in terms of the usage and acceptance.

[BrewMaster]

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3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.

do you have any data to back this up or is it your personal guess?
i am curious because i still see bitcoin grow all around the world the same as before, in Asia or any other continent.

The only catalyst in the Asian market that I could think of was when the Japanese Financial Services Agency allowed some exchanges to operate under their watchful eyes. This was in addition to Japan's legally accepting bitcoin as a form of currency earlier that year. The news on Japanese exchanges also came after the Chinese government ban on ICOs.

that is what i guessed too and i think this way of thinking is because the media doesn't report that much about the development in Asian countries most probably because they are too lazy to translate stuff to English and also because they want to publish "fancier" stuff that can get them more viewers.
as for ICOs as far as i can remember a lot of different countries banned ICOs after the huge number of people they scammed.

[milani]

Last 2017, the entire crypto space is in hypes, ICO, altcoins, and Bitcoin. But seeing the situation today, only Bitcoin did the rally. Though we saw some potential altcoins had it pumps but only a few of them. I really think that most investors are now focusing on Bitcoin and considered this as a long-term investment unlike we saw before.

And another thing is that this year is perfect for Bitcoin adoption as the pandemic hit that it helps to maintain the demand. And have to notice also that big companies are now considering Bitcoin as an alternative option for the payment system which has a huge effect on the market.

Bitcoin in 2017 was a bit loud and new for lots of people, I mean it became for lots of people like an invention that was worthy and promising. And lots of people tried to catch this gold mine. Nowadays people are more selective, and do not rush into Bitcoin because it is fashionable or lots of people do this. People nowadays think over will it be profitable or not. And of course comparing with 2017 yhere are lots of platforms, services that accept crypto Bitcoin, Ethereum or different altcoins as means for payments or transactions.

[CryptopreneurBrainboss]

Bitcoin in 2017 was a bit loud and new for lots of people, I mean it became for lots of people like an invention that was worthy and promising.

We're not in a bullish market yet per se, wait until the previous all time high has been reached which is just approximately $1700 away then you'll see the FOMO at its peak. The industry is always loud, we have more of speculators here than investors so you don't expect the market to be dull. Currently the market is just recovering it's previous highs.

Also you should noted all the price bitcoin achieve before $20000 won't be seen as that much a big deal as it isn't the first time we'll be reaching those prices. To me the major different between both bull run is that, we have lesser coins in circulation now and all newly mined coins are been taken from the market as previously reported by news outlets.

Square and paypal are a major contributors to this act, just hope it doesn't affect bitcoin in future, like it becoming centralized as selected few will be holding big bags to manipulate the market to their will.

[Reatim]

As Bitcoin bullrun continues there are some differences between 2017 and today.
1. Whales bitcoin addresses keep growing and balances are not shrinking that means more holders, in 2017 there were more whales sellers.

What is the date of Data about this?we are just in november so if your comparison is about December of 2017 of course whales are picking up their fruits those days,and starts of the fall of bitcoin,some of them transfer to altcoins for another profit.

2. Much more institutional investors are flowing into bitcoin.
3. There was a dominance of Asian investors and money in 2017 and now with PayPal, CME, Square more money is coming from America.
4. As TA guys may notice price action of Bitcoin rally 2020 looks more technically prdeictable than in 2017.

What differences did you notice?

the other factor seems to be fine though there is no Statistics or graph that proves about all of those,but since the market is growing let us consider those factor also.