2013, 2017 bubbles and 2020 bull run

[MusaMohamed]

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.

Bitcoin hit its all time high in 2017 is not because of ICOs. Please stop any link from bitcoin to shit altcoins and ICOs. Bitcoin rose in 2017 because the halving in 2016 and more people heard of bitcoin in 2017. Bitcoin was adopted and used as salary payment method by GMO, used to buy plan tickets, etc.
Those news and hype on future adoption of bitcoin help to catch retail investors.

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

JohnBitCo mentioned the cycle of bitcoin price, not its four year bull run. The cycle of price relates to the halving event each 4 year. One year after the halving year, bitcoin rises a lot. History can repeat itself or can not but I am bullish with bitcoin next year.

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.

Bitcoin is well known by its votality. I spent my money to invest in bitcoin for long term so I can ignore small hiccups along its ride to the new all time high. You said most of people only thought bitcoin can end this year at $10k so why they did not take profit? They keep their hope and dream high after price exceeds their targets.

I often stick with my plan and price target to take profit. After that moment, I exit the market and only observe it for a few weeks. Take a break from the market is not bad.

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[XCANA]

In 2013 bubbles wasn't well pronounced becasue the industry just started it journey back then but those who started early made so much gains but not compared to now. Then in 2017, the industry changed it ways of operations in term of promotion, the ICOs started pumping into the industry and this caused small retailers getting interested into the word of cryptocurrency and later turned scamming. And in 2020, the market has attracted tons of institutional investors alongside individual investors which made the recent bullish more robust compared to other years. 

[shoreno]

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,

people often compare years because they saw similarities in the movement of the price but the exact price will rarely repeat , you already state the reason why .

yes that is because adoption now is more stronger than before but the more the price can rise the chance of having a big dump or a huge bubble is also getting more realistic but lets not worry too much because even if gets popped out we can still experience a recovery but only for those valueable coin like btc and eth .

[Lanatsa]

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,

people often compare years because they saw similarities in the movement of the price but the exact price will rarely repeat , you already state the reason why .

yes that is because adoption now is more stronger than before but the more the price can rise the chance of having a big dump or a huge bubble is also getting more realistic but lets not worry too much because even if gets popped out we can still experience a recovery but only for those valueable coin like btc and eth .

When we do compare the adoption level compared in 2017 and to this year then we can really tell  the difference which we can presume that the price
wont really be crashing that hard incase the bubble would pop out.

We might be moving that fast in a short span of time and giving out that the same feeling in year 2017 and some had already sell off their stashes when
it hits up 19k.

Thing here is that you do secure out your profits or you are already in greens.

[pooya87]

When we do compare the adoption level compared in 2017 and to this year then we can really tell  the difference which we can presume that the price
wont really be crashing that hard incase the bubble would pop out.

We might be moving that fast in a short span of time and giving out that the same feeling in year 2017 and some had already sell off their stashes when
it hits up 19k.

Thing here is that you do secure out your profits or you are already in greens.

I think you need to revisit the 2017 price charts because there is nothing similar between the $19k today and $19k of 2017. in case you have forgotten price went from about $8000 to close to $20000 in about 3 weeks which is one of the main reasons why it was a bubble.
In comparison this rise to nearly $20k has taken 3 months and that is after a very slow rise to $10k.
The feeling these days have are the same feeling as the end of 2016 when price was getting close to the ATH of that time.

[RealMalatesta]

I guess it is going to be a bit harder than we imagined, we are in a bull run for sure but it is not as much of a "bull" as it used to be, back in the day when there was a bull run we increased almost x10 of what we used to be, we are not doing that anymore and we can't do that anymore neither. It is at a situation where we are in a world where x10 is nearly impossible, now we are calling a bit of profit a bull run and that is really sad.

I get that we are above 20k now and that is what people wants to think as a bull run, but just because we broke all time high doesn't mean we are in a bull run. Let's assume we reached 25k and stayed there for months, dropped to under 20k and moved back to 25k few times, we are "used to" being 25k right? If we move to 30k is that suddenly bull run? I doubt so.

[newdevices]

very accurate predictions, 2020 is indeed bullrun, and the start is 2020,
2021-2022 I believe the price of cryptocurrencies will be even more expensive, and Bitcoin could reach $ 100k.

[magneto]

The true causes of these short term bubbles are all pretty much the same - an injection of mainstream and institutional interest, combined with the excitement drawn from the halving, all lead to seemingly endless rallies.

Sure, 2020/21 will be another bubble that will eventually correct, but it will likely bottom out at a much higher price. Just like how $1.3k was the top and was established as a firm support level in the 2017 rallies, and the support at $4k had been tested earlier this year in March/April.

And all of this really comes back to a long term price progression that you need to zoom out to see. As more people adopt and the fundamentals of BTC improves, there is a long term uptrend. These short term bubbles and busts are all bumps in the road that should not overly concern holders.