Last 2017/18 Bull Market compared to Current One

[Yatsan]

Compared to the first ATH that happened way back 2017-2018 that just lasted for a couple of weeks, the current one we are seeing is still maintaining into high positions on which the ATH fever did not crash hard compared to the past one. Also, the ATH right now did not just happened once but consecutively breaks record of the ATH for after breaking the $20,000 price mark of the first recorded ATH, the current ATH still continue to increase up to the point reaching $40,000 and up. The hype is still on compared to the past one that seems to become bubble that took couple of years before it have undergone recovery.

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[very_452001]

What we all hearing all the time is this bull run is different this time because institutions/companies have recently entered the btc game.

However...

What are the true intentions of these institutions buying btc? How do we know that these institutions are not using bitcoin as a tax avoidance loophole or use it to minimise paying less taxes as much as possible like for example if bitcoin crashes like 80% in the next follow up bear market then they can show the taxman that they are in huge losses that can help offset their tax bill right?

I understand these institutions wont sell their bitcoins and will hold long like 10 years but during those 10 years if they can somehow time the bitcoin bear markets to the end of tax year or something then there is a incentive to hold so they avoid paying huge corporation tax as possible right?

Otherwise anyone can show me institutions or companies who are based in low tax rates countries buying bitcoins and adding btc's to their treasuries?

Governments are borrowing lots of money around the world for this pandemic and it needs to be paid back to the central banks through higher taxes to stop the $dollar going into inflation right? Otherwise if governments dont raise taxes and let central banks print more money to make $dollar go into hyperinflation then how can we buy stuff with btc directly without risk cashing btc out for the doomed $dollar?

Of course in a hyper inflated $dollar environment btc can shoot to $1 million per btc overnight from today but selling btc at $1m to only realise btc on the next day reached $1trillion per btc thanks to hyperinflation  

So how can we buy things and stuff with btc directly with less fees as possible?

[Oilacris]

Of course in a hyper inflated $dollar environment btc can shoot to $1 million per btc overnight from today but selling btc at $1m to only realise btc on the next day reached $1trillion per btc thanks to hyperinflation  

So how can we buy things and stuff with btc directly with less fees as possible?

[/b]

Dont boggle up your mind into these numbers because it is unlikely to happen even if we do go full scale then these numbers arent just possible.So better not to stress yourself out. 

For less fees then i dont know on what would happened if global adoption and making transaction even more flooding the entire network might result into those high miner fees.

If LN would be finalized then we might see another situation but if it would retain into this good old ways then that would really be giving some headache.

[very_452001]

Of course in a hyper inflated $dollar environment btc can shoot to $1 million per btc overnight from today but selling btc at $1m to only realise btc on the next day reached $1trillion per btc thanks to hyperinflation  

So how can we buy things and stuff with btc directly with less fees as possible?

[/b]

Dont boggle up your mind into these numbers because it is unlikely to happen even if we do go full scale then these numbers arent just possible.So better not to stress yourself out.  

For less fees then i dont know on what would happened if global adoption and making transaction even more flooding the entire network might result into those high miner fees.

If LN would be finalized then we might see another situation but if it would retain into this good old ways then that would really be giving some headache.

Yeah what is the latest status of the Lightning Network? I remember from the last 2017/18 bull cycle everyone saying the lightning network will come soon so its been over 3 years so yeah when will we see it do you think  

I remember everyone was saying back then lightning network will get btc to $500k per btc when its mass adopted.

[acener]

I don't think that it would be the same as 2017 Bull run because the current one that we have is much stronger.
For me the investors this time have a much stronger hands that couldn't be shaken easily unlike in 2017 when things started to shake most of the investor sold their investment.
Now we have bigger players great companies that is holding huge amount so for me they are what gives other investor a security that the price wouldn't easily drop off.

[very_452001]

Yeah but what's the latest status of the Lightning Network?

We need LN so we can use btc transactions for everyday life once btc volatility becomes steady.

I say because fiat $dollars might get wrecked due to high volatile inflation or even hyper inflation where it makes no sense to cash out btc for a dying asset $dollar which is super risky.

Once the $dollar is dead it will be replaced by the new programmable algorithmic CBDC Central Bank Digital Currency $dollar where the fed and government can program this new next gen centralized digital currency money to auto stop buying and selling of bitcoins with it so we need our own independent LN for bitcoin users can continue using bitcoin you know what I mean without relying on cashing it out which will not be a option soon.

[pawanjain]

Yeah but what's the latest status of the Lightning Network?

We need LN so we can use btc transactions for everyday life once btc volatility becomes steady.

I say because fiat $dollars might get wrecked due to high volatile inflation or even hyper inflation where it makes no sense to cash out btc for a dying asset $dollar which is super risky.

Once the $dollar is dead it will be replaced by the new programmable algorithmic CBDC Central Bank Digital Currency $dollar where the fed and government can program this new next gen centralized digital currency money to auto stop buying and selling of bitcoins with it so we need our own independent LN for bitcoin users can continue using bitcoin you know what I mean without relying on cashing it out which will not be a option soon.

Lightning Network is being integrated by many platforms but it is not yet full established.
To track news on Lightning Network you can follow

https://www.bitcoinlightning.com/
The Lightning Network FAQ

Fiat won't be wrecked so soon as it will stay for long and might not actually completely vanish.
It might stay along side cryptocurrencies. CBDCs are eventually gonna become a reality and LN is still far from wide adoption.
Things are lined up but will take enough time.

[JohnBitCo]

I don't think that it would be the same as 2017 Bull run because the current one that we have is much stronger.
For me the investors this time have a much stronger hands that couldn't be shaken easily unlike in 2017 when things started to shake most of the investor sold their investment.
Now we have bigger players great companies that is holding huge amount so for me they are what gives other investor a security that the price wouldn't easily drop off.

So indirectly you meant to say that since there are lot of investors this time around, they won't sell their coins and bitcoin bull run will last much longer or perhaps never end as the demand of bitcoin keeps increasing on every passing day. I think there will still be a blow off top in this bull run even if we know the demand and knowledge of crypto is much more in 2021 as compare to 2017.

[very_452001]

Because bitcoin dominance is low below 50%, when btc dips or crashes in price it wont drag down alts too which is good news for Alt coins.

I see bitcoin is running out of steam from looking at the chart showing not so impressive higher highs like it use to. This is caused by all the money flowing into alts instead of bitcoin.

When you guys think money will stop flowing into alts and back into bitcoin?

Any major good news for bitcoin later this year like bitcoin etf or lighting network release? Without btc good news alts will continue gaining dominance.

I remember good news Segwit add on for btc back in the 2017 bull run that help btc regain dominance from the alts!


When looking at the bitcoin chart to see if there's higher highs and higher lows for confirmation of still intact bullish market: Is this btc chart important or the overall crypto market cap chart which is under $2 trillion now?

[moderator's note: consecutive posts merged]

[very_452001]

In any market whether its bitcoin or crypto or stock or real estate or bonds or whatever have we ever had a bart simpson top end of bull market like this?: