2013, 2017 bubbles and 2020 bull run

[KTChampions]

I see 2 opinions in 2017 article that makes me hiccups.
- Mass adoption
- This isn’t 2013 anymore

Since 2017, mass adoption still going on and until now, I think the progress is good. Bitcoin can reach more people, and now, we see that many people out there are trying to invest in bitcoin. We also see that a company like Paypal also integrates its website with bitcoin to make its members' adoption start. Yes, this isn't 2013 anymore, and the adoption still happens. We will see this year or next year will be the next bull run.

I agree that mass adoption is progressing very much, but I must note that practically only in one aspect - investing in bitcoin. Now it is very difficult to surprise someone with investments in cryptocurrency, many ordinary people are already doing this and are familiar with this topic.
If we talk about bitcoin as a means of payment, then, unfortunately, progress is much slower.

[lepbagong]

 Bitcoin bull run is from itself and Ethereum does not contribute to bitcoin bull run.

Ethereum has it's own bull run and it has no contribution to Bitcoin's bull run it is to each it's own, and besides Bitcoin dominance over all the coins makes it superior and no altcoins can add or contribute to it's status, all altcoins are still under Bitcoin, if Bitcoin crash the altcoins follow.

The thing that has happened in the last few months, is that all altcoins are still very much affected by the movement of bitcoin and cannot escape. so that when it goes up, altcoins also follow but when they go down altcoins also can't escape. all of them are still heavily affected by bitcoin and cannot escape.

[dunfida]

I see 2 opinions in 2017 article that makes me hiccups.
- Mass adoption
- This isn’t 2013 anymore

Since 2017, mass adoption still going on and until now, I think the progress is good. Bitcoin can reach more people, and now, we see that many people out there are trying to invest in bitcoin. We also see that a company like Paypal also integrates its website with bitcoin to make its members' adoption start. Yes, this isn't 2013 anymore, and the adoption still happens. We will see this year or next year will be the next bull run.

I agree that mass adoption is progressing very much, but I must note that practically only in one aspect - investing in bitcoin. Now it is very difficult to surprise someone with investments in cryptocurrency, many ordinary people are already doing this and are familiar with this topic.
If we talk about bitcoin as a means of payment, then, unfortunately, progress is much slower.

No surprise and we can even say that people whom do mostly get involved into this market specially with Bitcoin will always matter most of the time about making money and not totally be minding
off with its actual usage which it isnt really surprising because it is just part of human nature to have those kind of motives in mind and reactions towards the market.Good thing here is that
we are really getting some recognition as the years passed.There would be definitely a comparison in regards to the level of awareness and adoption of bitcoin between those years and up to present.
Thing here is that if you do go for long term then current prices wont able to shook you off but if you are on profit side of things then you can tell the difference.

[MusaMohamed]

I think this was just a mini bull run as the resistance right now on 20k$ is even bigger than the days before so I think the bulls run out of fuel for now and bears is slowly taking over the markets. I saw a lot of predictions lately that a dump might be a on the days/weeks. However if bitcoin pulled out a run like this kinda out of nowhere, maybe it can do it again.

It is my thoughts too. The market is overheated, and rose up too much in few months. People have their belief that if institutes spend money to invest and created what are called as institutional investment bubbles, price has strong supports at price whales bought up. They are wrong IMO. Whales can buy and whales can sell. The bitcoin market does not solely belong to institutes that join the market in last couple of months. Whales are in the market for years and they are truly power to manipulate the market. New institutes in the market are newbies and whales take advantage of such news and huge capital flow to raise bitcoin price.

Fuel and momentum are running out and pull back will be used to help whales enrich their bitcoin amount.

[KTChampions]

I agree that mass adoption is progressing very much, but I must note that practically only in one aspect - investing in bitcoin. Now it is very difficult to surprise someone with investments in cryptocurrency, many ordinary people are already doing this and are familiar with this topic.
If we talk about bitcoin as a means of payment, then, unfortunately, progress is much slower.

No surprise and we can even say that people whom do mostly get involved into this market specially with Bitcoin will always matter most of the time about making money and not totally be minding
off with its actual usage which it isnt really surprising because it is just part of human nature to have those kind of motives in mind and reactions towards the market.Good thing here is that
we are really getting some recognition as the years passed.There would be definitely a comparison in regards to the level of awareness and adoption of bitcoin between those years and up to present.
Thing here is that if you do go for long term then current prices wont able to shook you off but if you are on profit side of things then you can tell the difference.

I understand the motives of people and even support them, but we must understand that if there is a new system that works better than the old system, then there must be a gradual replacement of the old system. Is this the case with bitcoin? How many people use it as a payment system (I mean retrospective analysis).

[Anish02]

In 2017 bull run had happened because of ICO hype and that's why after the bull run the market remained bearish for two years. But this time it seems a bull run is going happen very soon. Current Defi hype and many major companies have invested in BTC and that could be the reason for the current bullish trend.

[ethereumhunter]

I see 2 opinions in 2017 article that makes me hiccups.
- Mass adoption
- This isn’t 2013 anymore

Since 2017, mass adoption still going on and until now, I think the progress is good. Bitcoin can reach more people, and now, we see that many people out there are trying to invest in bitcoin. We also see that a company like Paypal also integrates its website with bitcoin to make its members' adoption start. Yes, this isn't 2013 anymore, and the adoption still happens. We will see this year or next year will be the next bull run.

I agree that mass adoption is progressing very much, but I must note that practically only in one aspect - investing in bitcoin. Now it is very difficult to surprise someone with investments in cryptocurrency, many ordinary people are already doing this and are familiar with this topic.
If we talk about bitcoin as a means of payment, then, unfortunately, progress is much slower.

If we talk about bitcoin as payment, I think we need to give more time to see it grow. But in another thing, I think people think about investing in bitcoin because they see that bitcoin has a chance to increase more than before. If the bitcoin price can raise more than $25k in the next year or even higher, people will race to invest in bitcoin. So it is no problem if bitcoin is only for the investment thing now and next year because people will see the other benefits of bitcoin soon, especially if they can read more news or learn more about bitcoin.

[Questat]

In 2017 bull run had happened because of ICO hype and that's why after the bull run the market remained bearish for two years. But this time it seems a bull run is going happen very soon. Current Defi hype and many major companies have invested in BTC and that could be the reason for the current bullish trend.

If you say because of the ICO, it should be ICO which has to be more profitable before bitcoin will rise. I didn't see it last bull run, what makes the market bullish is because of bitcoin hitting its ATH, remember, after the ATH was achieve, next thing that happen was altcoins pumping like crazy and it only started to dump when bitcoin dumped first.

comparing De-Fi vs ICO, I guess ICO was way bigger  because even ETH was the product of ICO.

[el kaka22]

Hopefully this bull run will not end the same way. So far whenever we had a huge bull run, we ended up with nothing huge and that really upsets me, I would like to see the crypto prices go up and continue to go up, or at least stay up, but whenever we have a huge bull run, it ends up with something not so well for all of us and the price drops significantly to 50% or even more what it used to be.

This means we could go under $10k, and I do not want to see that again. I can accept the fact that price may not go over $20k for a while, we could be between $15k-20k prices for months and months, those are all fine for me, I just hope that we do not go too low. That always hurts us for very long period and recovering from that takes a long time as well which lacks profit for all of us.

[milewilda]

bubbles and bubbles, bubbles will always come in cryptocurrencies, we can't avoid that, just enjoy the bubble.
Even though it hasn't happened now, the important thing is not to follow Fomo too deeply

2017 could be called a bubble but for this years acceptance and adoption then we can really tell that we had progressed and presume that the price wont really be crashing off that hard just like in 2017 where you cant find any solid sentiment on why the price had skyrocketed so fast without knowing the actual reason comparing to now that its truly evident and obvious that current adoptions and institutional funds are flowing already
into this market which you can really tell that we are doing much better now compared into those years were increases can really be considered to be
bubble but not all the years we've been sticking into that part.

[STT]

2020 is most definitely a bubble, its unavoidable across the whole world seems like to me because its quite deliberate and not hidden.   We have a bubble in Dollar which until it pops and surely it will that means we are also seeing inflated effects elsewhere and imo we will see a volatility bull market because we all know its impossible to create free money or save the world with a printing press so this and many other markets will surely whip back and forth as we go into alot of inaccuracy and uncertainties.    We just have to judge the trading as we go and on fundamentals which of the two is a better aid to even trade and value.
   Right this moment we got something of a pullback in proposition occurring, 4% down over 7 days but 20% up in 30 day with 150% over the last year most impressive.

[thecodebear]

2020 is most definitely a bubble, its unavoidable across the whole world seems like to me because its quite deliberate and not hidden.   We have a bubble in Dollar which until it pops and surely it will that means we are also seem inflated effects elsewhere and imo we will see a volatility bull market because we all know its impossible to create free money or save the world with a printing press so this and many other markets will surely whip back and forth as we go alot of inaccuracy and uncertainties.    We just have to judge the trading as we go and on fundamentals which of the two is a better aid to even trade and value.
   Right this moment we got something of a pullback in proposition occurring, 4% down over 7 days but 20% up in 30 day with 150% over the last year most impressive.

2020 is most definitely not a bubble. You can't even begin to compare it to past bitcoin bubbles, because the bubble part hasn't even started! We're in 2016 right now, not 2017. We're still UNDER the ATH. The bubbles don't even get going at all until we get significantly passed the old peak. 2018 was crash, 2019 was end of bear market and start of bull market, 2020 was buildup back to old peak, 2021 will be the boom year which will be a bubble. Price will be way way higher than this before we have to start worrying about Bitcoin crashing from a bubble into a bear market. We're almost certainly still a good bit under whatever the bottom of the next bear market will be in a couple years. Bitcoin right now is the rocket sitting on the launchpad just starting to fire its thrusters, hasn't even left the ground yet. 2021 is the blast off.

[smyslov]

2020 is indeed a bullrun, because it has been seen that after Q2 the price of bitcoin has risen from $ 4000 to $ 19000,
of course this has provided a lot of profit to investors and traders themselves, I am really amazed by this year

Of course it is, if we compared what happened the price and the situation in the last three years after that big drop, things are looking good right now, for the last three years we are all talking about how to get past $10k $12k but now all we are reading are all post about the next all time high, we have come a long way and there's a possibility of a new record.

[lixer]

Some cycles happens naturally, it doesn't mean that it will continue to happen in the future neither, but since there will always be some ups in crypto world, we can't just say that there are none at all. The logic is this, bitcoin started around in 2009 right?

Let's say it was around 2010 or 2011 when it became something more popular over just an idea. That means we had 10 years and in 10 years do you really imagine it would NEVER go up? That means it would have some moments when it will go up, which means during those moments that were inevitable to go up, there will be some break in between right? And we are going to put up those moments side by side and we will look for a pattern or something, it could have been 2012-2015-2019 and we would have still found some.

[Searing]

 Below is a 'rant' IF the Trump Adminstration does plan some 'dubious' clarity regulation on self-held wallets and link them to USA KYC exchanges in some manner.

Which, IMHO, I think 'doomed' but likely. How I plan to profit from such, why Buy/Buy/Buy on the dip for a month or so indeed!

There is a 'chance' IMHO if you 'believe' (I know dubious) that Steven Mnuchin and the Treasury really does not like BTC/Crypto and leaving office and all will

'stick' some 'unrealistic' 'must report you self-hosting wallets to exchanges under KYC or some other nonsense. I myself feel, that he and the

Trump Administration WILL do something along these lines, simply because they are doing 'dubious' regulations before the Biden Administration

takes office, all over the place, so why not?

Everyone involved with the above, no matter how 'dubious' or short-sided, if it came to pass, is going to be tossed out of their

office or their Trump-appointed agency anyway. This along with 'ignoring' house and senate representatives who are trying to stop these supposed actions and

to back off due

to no open hearings, and this blindside of excess...on such rules.

It all really smells like on the last chance attempt to make BTC/Crypto look 'evil' before the last gasps of the Trump Administration leave the office.

I'll fully embrace my fear, that if the above is so, it will happen soon after December 15th, 2020 when 'supposedly' and finally the mt.gox

say no more BTC to this day or 2) you were so back in 2014 in HODL'er early adoption mode, you will simply hodl this windfall as well.

So in both cases, the person, who does get reimbursed from mt. gox, IMHO, will LIKELY just HODL from either being left out for years due to the mt.gox

fiasco and this is a way to 'catch up' at least some of the BTC lost, from way back. Or most such are early adopters from 2014 and in HODL mode

since then and will continue to HODL....with the rest of their BTC/Crypto to this day.

But...the bull run...if it ends this month will be more due to 'supposed' and regulations of dubious nature on declaring your own wallet ...self-hosted or not

to use a USA exchange than the mt.gox issue. But, the timing should be 'interesting' indeed. I think the regulators are well aware of mt.gox deadline and

will spring these regulations soon after December 15th, 2020 to, in their hope, do 'maximum damage' to BTC/Crypto and disorder for the Biden Administration

to deal with. In other words, no 'different' than all the other 'dubious' regulations the Trump Administration is dumping this month.

So myself, I think there is a 'small chance' of the price dumping as much as 1/4 from the ATH due to these regulatory games mostly and timing.

Not to be 'too' dismal.

I think any such regulation would be put on HODL by the Biden Administration along with many others after the Biden Administration takes office..

so there will be price issues until such is resolved.

So this won't last price-wise IMHO. To 'obvious' a 'burn and destroy' tactic. I see prices rebounding sometime at 'worst' in the next 2-3 months to another ATH.

So it is a 'buy' time indeed for BTC in my case, if this does come to pass on the above.  Buy/Buy/Buy my inner BTC Kool-Aid 'drinking' self, is shouting in my mind!

If I am 'wrong' and in some manner, such dubious regulations stay in place in the USA and such, well, that I see as 1% chance, but IF?

Then my BTC/Crypto Hodl/Hoard will mean nothing, eventually, if BTC/Crypto due to price alone can be that manipulated.

Again, if it is THAT easy to destroy BTC/Crypto vs obvious $$$ worth vs BTC/Crypto dubious regulations, that cause HODL'er's to 'panic'. Well, I suppose the 'bit'

of BTC I plan to buy on this 'supposed' dip if the above conditions are met, won't matter a hell of a lot, compared to someone's BTC/Crypto HODL.

So, I'm still HODL'ing on this fast, and IMHO, this probable 'shot across the bow' of BTC/Crypto and again, using a 'dubious' regulation will be

short-term the price may tumble....but it will slap back up as it has in the past with such games played against BTC/Crypto on a hopeless quest for control.

So I will 'buy' in when this happens. Dig pennies out of the couch cushions, raid the emergency fund, etc.

If I am wrong it won't matter, and the supposed regulators, in their angst to control works and the price does not recover, then BTC/Crypto can

be manipulated and I should get out. If I am right, this will be probably the 'last' chance before the next pump to get some BTC/Crypto

on this attempted FUD fest...which again, I see as lame and gonna fail for some of the above reasons I mentioned. So hell, take advantage of this!

So getting some cash together and 'considering' dumping some dubious 'dust' shitcoins from back in the mining day to boot towards BTC dust.

Again, I don't endorse these 'supposed' clarity of regulations or FUD, just saying if it does happen, maybe a person can profit from such, IF ONE believes

the Biden Administration will not let such dubious regulations stand, and the BTC/Crypto infrastructure of exchanges and such will stop such in its tracks.

Anyway, I post this here and we can see if it all is a big fuss about nothing, or my pre-planning to buy BTC on such silly actions will bear fruit.

So as this thread implies on the 2020 bull run, if we have a big pushback in price it will be because of manipulation and will not hang together.

The usual ATH then FOMO then FUD (FUD by the doubters who always get caught by surprise on the ATH and such)

So if my dubious guesses come to pass you should 'buy cheap coin' as a result...if my 'dubious guesses don't come to pass 'buy even more' because

the price is gonna pump!

Anyway, how I'm playing this game with the likelihood of these 'clarity' of regulations for BTC/Crypto being 'anything' less than an attack on price.

end of rant

Bitcoin: Always Drama! (tm BTC)

Brad

[fortunecrypto]

Every halving has it's own milestone so far 2017 still holds the best record and the 2020 bull run is still a work in progress, we'll see the results this coming 2021 because 2021 is still a continuation of 2020 achievement, we are still good now with the current market price because it's much better than what we have in the last three years, but could be better if we can have another big pump before the closing of the year.

[michellee]

If we compare what happens in 2013, 2017, and 2020, the situation is different, which in this year, the adoption is growing fast. And the bubbles in this year will not be the same as before, but the crypto market will get the bull run, which can lift the price of bitcoin and altcoin. Bitcoin will get ATH again, although we don't know or sure about the highest price, while ethereum and the other altcoin will get the same thing. But for the altcoin, only the coin that has support from the people can increase.

[JohnBitCo]

Every halving has it's own milestone so far 2017 still holds the best record and the 2020 bull run is still a work in progress, we'll see the results this coming 2021 because 2021 is still a continuation of 2020 achievement, we are still good now with the current market price because it's much better than what we have in the last three years, but could be better if we can have another big pump before the closing of the year.

Every four years we see a bitcoin bull run to the new all time high but each time there are different factors which contribute to it. 2017 was the year where we have a lot of ICO and retail investors jumping in. 2020 is different in a way that this time we see institutes are adopting and buying bitcoin. Since the institutes have more buying power, we could see a high spike in bitcoin price this time.

[Questat]

Every halving has it's own milestone so far 2017 still holds the best record and the 2020 bull run is still a work in progress, we'll see the results this coming 2021 because 2021 is still a continuation of 2020 achievement, we are still good now with the current market price because it's much better than what we have in the last three years, but could be better if we can have another big pump before the closing of the year.

Every four years we see a bitcoin bull run to the new all time high but each time there are different factors which contribute to it. 2017 was the year where we have a lot of ICO and retail investors jumping in. 2020 is different in a way that this time we see institutes are adopting and buying bitcoin. Since the institutes have more buying power, we could see a high spike in bitcoin price this time.

I'm interested to know if that every 4 years you are talking is really a trend.

When was the last time bull run happened? 2017, right? how about prior to that?
My point is, the market is very unpredictable, we sometimes based on its trend but it does not guarantee it will happen in the future, so this year we might not see a bull run.

[sana54210]

Halving is really something special and I didn't believed people but it turns out they were all right. First we started the year at 7k and I said best it can do would be 10k, after that we crashed because of pandemic in march like every other market to a bottom of 4k and that was bad, but before the halving happened we moved to 10k and I said that was it, price is calculated in right now for halving and that was the last increase we saw, increasing 2.5x during pandemic was already huge so I doubt it would matter.

However as it turns out we didn't stay there and right now 2x even on top of that. I guess people like me will realize that halving has a much much bigger impact on bitcoin than we may have realized, it will definitely get a lot better in the end when next halving happens.