Looking back at crypto prices from 8 years ago striking similarities!

Check out the crypto prices from February 19, 2018 (in USD) Bitcoin (BTC) 11225.31 (+ 5.87x in eight years 2018-2026) Ethereum (ETH) 943.87 (+ 2.04x) XRP (XRP) 1.14 (+ 1.22x) Bitcoin Cash (BCH) 1534.77 (- 65%) Litecoin (LTC) 223.06 (- 77%) Cardano (ADA) 0.39 (- 31%) Neo (NEO) 137.47 (- 98%) Stellar (XLM) 0.45 (- 64%) EOS (EOS) 9.68 (- 99%) IOTA (IOTA) 2.09 (- 97%) Just checked those prices on a historical site. In these eight years, most altcoin prices haven’t shifted much through two halving events, but Bitcoin has nearly gone up 6 times. It’s pretty wild how stable things have been.

Those who were scared to invest in Bitcoin during this period have lost out on a lot and it would be worse if they invested in altcoins over this time. This snapshot shows perfect Bitcoin maximalism of which reveals a reality that Bitcoin is the only asset that has consistently acted as a macro-compounder overtime.

Few coin you mentioned here are no place to be found currently as they have already failed away; coin like NEO, EOS and XLM I think including LTC barely have good update about them or even punished news on the space again. These coin aren't meant for long term race, instead Bitcoin is much more preferably and even when you compares the price then and now you would see that the person is still on profits. Hold Bitcoin for long term and forget about any altcoin.

good old times, got BNB at $16-20 back then

Yes, some smaller cryptos have increased remarkably, for example Dogecoin has done 15x too. But in general, this period has been remarkably stable. Remember, this 19/02/2018 - 19/02/2026 is almost 50% of all crypto history. Eight years is long time even in the traditional markets - Standard and Poors 500 has increased 2,5x, gold 3,7x, silver 4,7x... If we compare this eight-year-period with the previous one (19/02/2010 - 19/02/2018)....

Most of the people made a beeline for a number of altcoins thinking they would outrun BTC and make them rich overnight but later got disappointed and exited. Meanwhile, the developers of most of those altcoins indeed got "rich overnight" and also dumped the coins on gullible newbies. I remember trading it when it was around $4  Time Time Time!

Time makes such tricks with cryptocurrencies that to say "disproportionate" for this is too lean: Bitcoin price increases in the period 19/02/2010 - 19/02/2018 3 000 000x Bitcoin price increases in the period 19/02/2018 - 19/02/2026 6x this means 500 000-fold difference, 1 minute in 2010-2018 = 1 year in 2018-2026 Etherum price increases in the period 19/02/2010 (actually 01/08/2014) - 19/02/2018 3 000x Etherum price increases in the period 19/02/2018 - 19/02/2026 2x this means 1500-fold difference Litecoin price increases in the period 19/02/2010 (actually 01/10/2011) - 19/02/2018 10 000x Litecoin price increases in the period 19/02/2018 - 19/02/2026 0.25x this means 40 000-fold difference The turning point was just somewhere around the beginning of 2018. If we shift it half a year into the past or into the future, the abovementioned contrasts are remarkably alleviated. The beginning of 2018 was the worst time for investing into cryptocurrencies. It seems that these two different periods 2009-2017 and 2018-2026 are entirely different scenes with different rules.   The first scene - the huge price increases of all cryptocurrencies. The second scene is characterized by price decreases. The altcoins have decreased more than Bitcoin, look at for example LTCBTC — Litecoin to Bitcoin Price Chart — TradingView But Bitcoin has performed poorly as well taking into account its risk level. And the second scene continues, it is not ended now - Bitcoin post 2017 return has room to went into negative in the nominal terms as well in the footsteps of its younger brothers. But I bet this crypto performance has more than two scenes. The most important questions are, when the second scene ends, how it ends and what will be the all-scene-low prices of Bitcoin and altcoins ?

In every cycle, altcoin is tanking so hard, what about the current top altcoins while at that time in 2018 even the top altcoin are tanking 99% within just 8 years. Solana and Tron could suffer the same fate and worth only fraction of today's price. Only time will tell. Bitcoin, ethereum, and XRP is still solid though.

The altcoins have decreased and decreased and decreased relative to Bitcoin from the beginning of 2018. Litecoin - one of the oldest altcoins - is a good example. LTC/BTC price ratio have decreased 21x from the beginning of 2018. https://www.tradingview.com/symbols/LTCBTC/?timeframe=ALL

Very early og, were you one of the ICO buyers? haha?

There were those who were way earlier than me, though, but I just got into the space just in time for the ICO boom. I participated in quite a number of them. Got a few that were really very successful and profitable at that time, then also a ton of unsuccessful ones that got exposed/died during the 2018-2019 bear market.

good timming mate, I bought late but held at least 20% till now, so I guess I did fine. What is your take on todays markets I guess we both were trough 2017-2021 shitstorms and wins, and today nothing looks like it was 5 years ago.