💥Why the 2021 Bull Market is NOT the 2017 BullMarket (YET...) !

avatar

Hello HODLers,

image.png

I have been reading a lot of posts, listening to different podcasts and even watching some videos claiming "This time this bull market is different".

Well, this is clearly a redflag for me as it has been said for numerous bubble like situations (Tech Bubble, Subprimes Crisis...).

Nevertheless, I still think we are not YET at the peak of this Bullrun. Bitcoin, BNB or ETH price do not make me nervous but some other projects who have been there for years and didn't develop a solid product / use case are in the Top 20.

The point is not to say this is a scam or not but it is making me VERY nervous. I believe Ripple (XRP) emphasizes this issue.

Back to our initial thoughts:

In 2017, the Bull Market was driven by Retail (which was a first in history btw). We were claiming institutionals were coming but the truth is that they did not.

In 2020-2021 after a very harsh Bear Market, this new Bull Run was kickstarted by the FED and other Central Banks, followed by smart entrepreneurs or investors (Microstrategy, Mark Cuban, Grayscale, multiple funds and then the famous Elon Mush and his company Tesla).

image.png

For anybody having been there for a few years, we are clearly getting heated in terms of optimism by retail investors BUT this is NOTHING compared to the 2017 cycle.

Here are some metrics that could help you see for yourself:

Bitcoin Google Trends (Worldwide)

image.png

Bitcoin Google searches did not hit the ATH seen in 2017.

It seems also with many more products being available through altcoins such as ETH, BNB, EOS... There has been an increasing number of REAL businesses in the DeFi, Gaming, NFT, Social

Ethereum Google Searches (Worldwide)

image.png

Ethereum searches are at an ATH and this is the same for many other altcoins. This Bull Market is about true adoption of some use cases mentionned above.

The truth is without DeFi, none of this would have happened. This brought some investors and helped us gain some much needed momentum that is just amplyfiying as more institutions join.

Exchanges have been also getting traction recently with COinbase listing, new users and of course the launch of the Binance Smart Chain which made the BNB token go parabolic.

Exchanges Google Searches (Worlwide)

image.png
image.png

Therefore I do not think we have yet to hit the ATH of this 2021 Bull Market

I am very excited to see what is next. Next HUGE milestones: Coinbase being listed tomorrow !

What do you think about the current Bull Run and do you think Coinbase is going to pump or dump?

I will be upvoting comments as usual.

Peace and Stay safe !

image.png

➡️ Youtube
➡️ LBRY
➡️ Twitter
➡️ Hive
➡️ Publish0x
➡️ Den.Social
➡️ Torum
➡️ UpTrennd
➡️ Read.cash
➡️ Spotify

➡️ Be paid daily to browse with Brave Internet Browser
➡️ A secure and easy wallet to use: Atomic Wallet
➡️ Invest and Trade on Binance and get a % of fees back

➡️ Check out my video on Unstoppable Domains and get 10$ off a 40$ domain purchase

➡️ Get 25$ free by ordering a free Visa Card on Crypto.com using this link or using this code qs4ha45pvh

Posted Using LeoFinance Beta



0
0
0.000
11 comments
avatar

Well this is my first bull run, I hope I don't get rekt inbetween lol. Even TRX is pumping....I just feel the green flags outweigh the red flags and I'm willing to ride with it.

So I don't know much about this coinbase listing, is it public? Like can anyone get in? What is the best position for people to take. I know theres a lot publicity about it, its like Tesla stock but theres more noise about it, it should go well whatever it is. What are your moves?

Posted Using LeoFinance Beta

0
0
0.000
avatar

Coinbase is going to get listed tomorrow on the NYSE if I remember correctly.

I guess it could go either way. It will be strongly correlated with BTC.

Let's see mate !

Posted Using LeoFinance Beta

0
0
0.000
avatar

Interesting....I saw a post on coin telegraph that explains more I will check it out

Posted Using LeoFinance Beta

0
0
0.000
avatar

I did made a mistake in last Bull cycle, I did not sell profit to buy more. But this time I am gonna do is to sell some profit and then once we are in Bear market (I really hope bull run should continue) I will buy again.

0
0
0.000
avatar

Indeed, you should take some profits once in a while so you are not stressed out. And let the rest go up ⬆️ 😉

Posted Using LeoFinance Beta

0
0
0.000
avatar

I was just going to ask what we should do when the bull turns bear and heads down! Keeping some liquidity during the bull run means we can buy in stages as it heads down, and hodl until it heads back up again.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Indeed, the most difficult is to not buy when the market drops and that we enter bear market 📉😜

Posted Using LeoFinance Beta

0
0
0.000
avatar

Beautiful post! I like the exchange chart. Binance will become the world leader, but perhaps it already is. I like your profile and your blog!

0
0
0.000
avatar

Thank you 🙏 mate ! I appreciate your kind words and I like seeing your comments under my articles.

Binance is really doing a great job innovating even if I will never forget what they did when Justin Sun took over Steemit.

Cheers 🍻

Posted Using LeoFinance Beta

0
0
0.000
avatar

I don't view "This time is different" narrative as bad per se. If "different" means as different as WW2 and WW1. In other words, the event will be the same, but the participants, length and aftermath might be different. So, I don't think that the next crypto winter will be series of catastrophic sudden price dives and that it will last exactly as 2018-2020 winter did. Perhaps it will be much shorter, but it could be longer. Anyone should be prepared for both eventualities.

Posted Using LeoFinance Beta

0
0
0.000