The Next Bitcoin Cycle? .:. Yes or No?

avatar

From the beginning of its existence, Bitcoin was doing these "cycles" regarding its price, or better said, we had 8-12 months (or less) of a bull market, and then 2-3 years of bear markets... So, every 3-4 years, Bitcoin would repeat its pattern, but the big picture, when you zoom out the chart is that the price is going up...

These cycles can be connected with Bitcoin halving (the point when the number of future mined coins is dividing by 2), but it is also true that every big Bitcoin bull run can be explained with some "external" events... For example, the big ICO pump, or De-Fi, or something else...


The Next Bitcoin Cycle.jpg
Created in Canva.com


pg divider203.png

We also have to take in mind that Bitcoin is ONLY 10 years old, but during that period a lot of things around cryptocurrencies have changed, and not just there, but in the whole world economy... Like I said before, we can connect these finance 1.0 struggles with BTC pump (people were, and are, losing trust in traditional banks and the banking system in general), and it looks that the general opinion is that we need to CHANGE something...

So, why do I think that THIS cycle is different than the previous ones?

I see these cycles like the Bitcoin "maturing" period... In every cycle, the whole cryptocurrency world was getting some additional value, additional use-case, if I can say it like that... They have tried to "silence" all blockchain technology, but instead of losing power, crypto was building up more and more... When everyone was thinking that Bitcoin is dead, in tough bear markets, developers would find new use-case, new tokens and prepare their weapons and armors for the next cycle, getting even more traction...

The bear-markets are an ideal time for building and development

Personally, I was maybe a bit sleeping during the last 2-3 years of "silence"... I didn't sell my tokens, as I knew that we will see what we are seeing currently, but on the other side, I didn't build something "big" either... I was doing my ETH mining, staking and accumulating some tokens, building my HIVE portfolio (and some tribes portfolio) and my HivePower, but still, I could do more... Soon, I will launch a project that I believe will be a winner in a long term, and it will have a place here on Hive... Adding value to the whole blockchain and users that take part in it...


pg divider203.png

This cycle is different... If we can call it a cycle... Finally, after 10 years of silencing crypto, governments over the world had to give a green light... Maybe not that "open", but the usage and trading with cryptocurrencies became easier and more "legal" (not in every country, but it will come)... There was always some kind of fear that YOUR country will BAN crypto, and you will not be able to withdraw your money... That was one of the biggest fears of the richest people... When that obstacle got removed, we got some big players in crypto markets like Elon Musk, or Michael Saylor...

For some reason, people think that these two names are the only ones... Yes, they have a lot of publicity and we see them, but I bet that there are a lot of others that are buying YOUR Bitcoins when you are panic selling... Having all this in mind, somehow it looks more and more impossible that we see those big cycles that we had in the past... The rich people aren't buying Bitcoin to flip it in a day, they buy, and remove them to their wallets and HODL, as they usually, don't have problems with liquidity...


pg divider203.png

I think that every major dip will be bought up by these "institutional" buyers (a lot of them are running different financial funds, private insurance companies, etc...) and because of that, we will not see clearly the patterns that we saw in the past... Of course, like every other asset we have to see these ups and downs, but that is normal for any other market too...

What do you think? Will we see another 3-year bear market? Are we at the moment in the middle or at the end of the Bitcoin bull market?

Thank you for your valuable time,

~ph~

pg divider203.png

If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...

Guardians_Of_TheHiveEngine.png

Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on LEO Finance .:. Twitter .:. LBRY

Posted Using LeoFinance Beta

ctp archon palnet crypto neoxian bitcoin cryptocurrencies blogging halving markets leofinance
0
0
0.000
33 comments
avatar

I've never really held a lot of bitcoin, and I am still a bit skittish. However, earning Hive by my efforts and watching my account increase in value has been a joy.

In the past I haven't owned coin. Instead I earned an percentage YoY on my 401k fund that I have increased every couple weeks with a percentage of my income.

It's similar in that I have stuck with it and not moved my investment even when it wasn't the best of times.

As far at BTC goes, I trust it a lot more now that I have spend time owning and earning other tribal coins.

I don't know what BTC will ultimately do, especially since there's only a finite number, so scarcity is a thing.

If the primary banking institutions in the world get behind this 100%, it will stick around, because then big banks will figure out how to earn a fortune off the 'little man'.

We shall see. Either way, excellent piece that made me think, as usual. :)

0
0
0.000
Reply
avatar

Thanks for the comment, Rob!

Totally understand your approach and I was in the same skin a couple of years ago... I have even quit crypto 5-6 years ago and said that I will NEVER come back! lol... But luckily, I wasn't that stubborn in keeping that stupid promise... lol... It's interesting how LIVING more than 1 cycle in crypto can change your complete view about it... and not just about crypto, but traditional finances also...

but, maybe we are just blind crypto addicts... Time will tell :)

!ENGAGE 10
!WINE

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

I have a little bit of Bitcoin and will hold on to it and watch it grow. !BEER

0
0
0.000
Reply
avatar

That's a good plan! :) Create some goals and stick to them... When it reaches a certain price, sell (or buy) something, or diversify in some other assets... ;)

!ENGAGE 10
!WINE

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

All I really understand about "Cycles" is that it has 2 wheels and 2 peddles 🤣
I'm drinking too much !wine perhaps... 🍷

0
0
0.000
Reply
avatar

In the past 10 years, Bitcoin (and later the whole crypto markets) has kind of repeating pattern regarding the price, volume, and I would say "popularity" in general... That happened already 3 times, and the question is will we see the same pattern repeating in the near future, or BTC is enough matured to go on "its way"...

!ENGAGE 10
!WINE

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar
(Edited)

I see, most interesting @ph1102 √
I really need to pay more attention to past patterns I think... 🤔
!wine

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

big players now buy crypto assets. I think corrupt government will not ban crypto exchanges because they need income from exchange bribery and big players

0
0
0.000
Reply
avatar

hehehe... That's a nice point of view... And I agree that governments need big exchanges for getting their "bribe percentage" easier...

!ENGAGE 10

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

It's true that due to the halvings, there are certain cycles that are related to the very production of BTC. Without a price increase, miners would stop working and this is another reason why bitcoin is so exceptional. Now that we have some professional players in the field, it's very possible that dips in price will be used by big wallets to increase their position. Is there any limit ot btc price???

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The limit is Moon :) :)

And the point that HALVINGS were the most important factor in these cycles is adding even more to the theory that we will not see them anymore... The halvings are less and less "important", as the number of mined tokens is less and less every 4 years, and scarcity will start to play the BIGGER role...

!ENGAGE 10
!WINE

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

Soon, I will launch a project that I believe will be a winner in a long term, and it will have a place here on Hive... Adding value to the whole blockchain and users that take part in it...

Is this a solo project or did I, maybe, find the partner in Achim's still secret project? :)

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

It's interesting that there are a lot of projects that have been started lately, and that will start in the near future... And it's even more interesting that most of them are doing things differently than before, and they look very promising... Now, we need enough money to go into all of them :)

!ENGAGE 10

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

Read Aggy post, just wondering should I start playing in Hive-BTC pool and start converting 10% of my Hive to BTC?

I am really seeing so many possibilities and action that just make me lost. I am now putting myself on "consolidation" phase and not going to jump on any new opportunity unless it really sound too good.

0
0
0.000
Reply
avatar

Oh, man... I totally understand your point... Lately so many great things and projects have happened, that it is hard to find the best of the best...

I'm a big fan of diesel pool and any other decentralized exchanges... They will make more arbitrage opportunities, that will pump up the volume of H-E tokens... That usually leads to more "visibility" and reach, and a brighter future for those tokens that embrace that!

!ENGAGE 10
!WINE

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Have you heard about VIBE? I am just caught hold of 135 Miner at 1.5 Hive and now they are selling for 3.
It look good project but I have no interest in curating there. If miner produce some daily tokens and tokens have some nice price then it is nice passive income.

Till now not thinking to stake the token and curate.

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply
avatar

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

0
0
0.000
Reply