What Makes This Crypto Cycle Feel Unique?

19 replies 471 views
Posts: 8 · Reputation: 121
#1Oct 18, 2020, 09:28 PM
Just wanna throw in my two cents about the current crypto scene. Each new crypto cycle seems to get smaller and slower than the last one. That's pretty standard, but this time feels different. Sometimes it seems like we’re just playing the odds instead of really analyzing things. The big players in the market are only backing a handful of coins, mainly the well-known ones. Because of that, we're in a bit of a transitional phase. I think any solid gains might take a while to show up, probably not this year but maybe in the next few. This cycle hasn't been great for altcoins. Most of the cash is flowing into Bitcoin. With all the political happenings lately, altcoins haven’t budged much; there’s just too much influence from Bitcoin and the constant news cycle. A lot of people, myself included, had high hopes for altcoins, but the outcomes have been disappointing. Right now, it seems like Ethereum will be the one to signal when altcoins can start picking up again. That drop we saw on Friday was pretty quick, but the bounce back in just 15 minutes shows there’s still a desire to push higher. If it was a genuine crash, it would’ve kept dropping, but it didn’t. So, just a heads-up to expect smaller figures than what you might be dreaming of. This isn’t meant to be negative, just a reflection of the market as it stands. Maybe I’m off base, but I just wanted to share my perspective. What do you all think?
5 Reply Quote Share
max.gweiMember
Posts: 21 · Reputation: 235
#2Oct 21, 2020, 03:25 AM
My only notice is that the space is getting more saturated and much of manipulation from the government, institution and big firms. Also, there's a great adoption for crypto already being the future.
4 Reply Quote Share
guru777Full Member
Posts: 118 · Reputation: 795
#3Oct 21, 2020, 04:09 AM
There are no crypto cycles, only Bitcoin cycles. Bitcoin is important. Everything else is distraction Due to Bitcoin's monetary policy, where inflation halves every four years, Bitcoin has experienced growth in purchasing power relative to fiat currencies What attracted the crowds of people, who most likely didn’t even understand what it was about Various fraudsters have exploited people's lack of understanding of Bitcoin and the ingrained fiat gambling mindset to take advantage of them They started creating piles of scam shitcoins. New people who came in, and didn’t understand what money or Bitcoin is,difference between Bitcoin and shitcoins. were easily fooled because they thought Bitcoin was too expensive for them. They would buy some shitcoin that might jump like Bitcoin, and that’s how the whole scam crypto industry was born.But shitcoins are worthless and have no real monetary value. They exist only for pump-and-dump schemes, so the founders can fill their pockets at the expense of naive and inexperienced buyers. Many people ended up losing their money on shitcoins, while realizing that Bitcoin just keeps rising  some left the space entirely, and others became Bitcoiners.That’s why altcoin seasons get weaker after each Bitcoin cycle Shitcoins will eventually go to zero. Unfortunately, many people who don’t understand Bitcoin and waste their time on shitcoins will end up with nothing
1 Reply Quote Share
t0m2020Senior Member
Posts: 171 · Reputation: 1044
#4Oct 23, 2020, 11:10 AM
It doesn't just feel different, it is. But have to say, what you pointed out wasn't top shelf in my view. You feel it's more gambling now? I don't know but I lived in an era when this entire forum was brimming with ICOs. Signature campaigns giving away tens of thousands of scores of tokens. Some really famous members here were escrowing money for ICOs, others ran their own. Not one is alive today (please don't argue some still have market pairs). Last cycle? We saw monkey NFT ads on prime tv, memecoin shibashit full blown ads on London tube and buses. Ads all over social media. How many of those are doing well today? Those were the true cowboy-yolo-all-in-fkitletsgamble. I'm glad there'll never be another altseason matching those days. Countless people parted with their BTC to get into that nonsense. More involvement from traditional institutions, yes, that's particularly visible this cycle.
0 Reply Quote Share
im_bullSenior Member
Posts: 224 · Reputation: 1421
#5Oct 23, 2020, 12:18 PM
Before the bull run set in, there were speculations that altcoins would experience a rise after Bitcoin.  Many people were expecting to make so much money because they assumed every circle would run the same way. We never saw that happen and I think many people are regretting now because some sold Bitcoin to stack these shitcoins. Institutional investors are smart to know where to invest. They are aware that most of these altcoins are worthless, hence they decide to put more funds into Bitcoin. Nothing has changed, only that investors are becoming difficult to deceive since they are now experienced in differentiating between the real coin and others.
3 Reply Quote Share
bear_maxiSenior Member
Posts: 349 · Reputation: 1145
#6Oct 23, 2020, 05:36 PM
Is this not why we are all expected to make research for our own good before investing in any coin, I have learnt one thing about cryptocurrency, that any coin can perform at anytime and for any reason, but knowing or having that discernment that could help us identify which is what many may not have adequately enough, that is why some eventually ends their decision on coins that won't perform well for them after investing with the hope of making profits.
4 Reply Quote Share
t0ny.vectorSenior Member
Posts: 110 · Reputation: 814
#7Oct 23, 2020, 06:06 PM
According to the cycle theory it is pretty much on track with the other cycles. The main difference is that shitcoins are getting destroyed this time around. What is different? This is not related to Bitcoin and is not an argument that the cycle is different. You should move this topic to the altcoin section instead. People fail to see the bigger picture, they can't connect that 2+2 leads to the same as 2*2 but you get it Each cycle was brimming with its own share of trendy things and scams. Firstly it was people forking and making their own altcoins without any real features except changes to the algorithm and economics. Then ICOs, then IEOs, NFTs, Ordinals, Runes, memes, whatever. Just because before it was NFTs and now memes that doesn't mean anything is different. Each cycle has its own trendy things that fade into irrelevance. The essence is the same.
4 Reply Quote Share
Posts: 7 · Reputation: 99
#8Oct 23, 2020, 08:41 PM
You're emphasizing that most crypto investors fail because they skip the research phase. While any coin can potentially perform well, the key difference between successful and unsuccessful investors is discernment the ability to identify which coins are worth investing in versus which will underperform. Many people chase FOMO or follow others and gains without understanding what they're actually buying. Those who end up disappointed typically invested based on hype rather than actual analysis. Success requires doing your own research to understand the project, team, use case, and market conditions before investing. Without this groundwork, you're essentially gambling rather than making informed decisions.
2 Reply Quote Share
SilentVectorFull Member
Posts: 50 · Reputation: 362
#9Oct 23, 2020, 11:58 PM
When I opened the thread I thought it was about bitcoin it came in as a bitcoin discussion but not really, however I would agree with you that this particular bull run is so different from what I know and read and heard of but to my surprise it got to my turn to see bitcoin BOM before December and altcoin season too happen but it seems it's not what I used to know now it must have changed before I came in.
4 Reply Quote Share
CyberAlphaFull Member
Posts: 36 · Reputation: 264
#10Oct 24, 2020, 03:59 AM
Not many altcoin have actually been able to reach ATH this far into this bull cycle – nothing strange in my opinion, but I agree that this is different compared to previous cycles. The long-awaited altcoin season didn't arrive during this bullrun - only a few altcoins actually reached new ATH. I don't know - I think investors are starting to know which ones are most profitable, but there's always room for change in the crypto market.
3 Reply Quote Share
d4rk5tackSenior Member
Posts: 259 · Reputation: 1325
#11Oct 24, 2020, 09:59 AM
The thing this particular cycle is governed with so many factors that were not there before, first is the ETF approval that brought about institutions and this institutions are the reason why we have volatility not been so volatile like in the past even though we know as the time goes on it will be like this. Then we have all this economic fights between some top economic countries and this is actually affecting the cryptocurrency market, Also concerning Altcoins it is actually a thing that many people actually have turned from throwing away their money gambling on multiple or random Altcoins looking for a lucky pump to actually Focusing on bitcoin and most importantly alts that are not so volatile although it is not that gurantee for anyone but it is the reason why most coins are dying and reason why most will never see any ATH ever again
4 Reply Quote Share
maxbridgeFull Member
Posts: 232 · Reputation: 668
#12Oct 25, 2020, 08:26 PM
After all I have to respect with the topic caption. This year cycle feel different due to irregular volatility of Bitcoin. Whalers and other investors have their different manners of market reactions. So we don't need to expect volatility movements will always repeat itself Nomatter how much experience you may have in analysing Bitcoin volatilities, even when applied all the resources components that regulates regulates the volatilities, you will never get it right else, if you want to adopt studying the market as a profession, you will end up at the risk side of troubling your emotions while you will usually get it wrong as Bitcoin volatility maybe unpredictable.
1 Reply Quote Share
jake_gweiSenior Member
Posts: 346 · Reputation: 1359
#13Oct 26, 2020, 06:25 AM
Everytime I see people who hyped up altcoin season for this year, I always remembered that wall street and big investor like MSTR would never jump into some shit tier altcoin. They just deemed it unworthy so the altcoin season might not be coming around and even if it does, the gain will not be so big. So tune done the expectation, maybe it's time for holding bitcoin?
0 Reply Quote Share
ledger_protoFull Member
Posts: 110 · Reputation: 772
#14Oct 26, 2020, 11:19 AM
I think what makes this year's market cycle different from previous cycles is the participation of institutions, ETFs. They only focus on bitcoin, they don't care about altcoins. Also, perhaps the main reason is that the number of altcoins in this season is so large that the altcoin market is seriously fragmented. That is also the reason why we often see that every time bitcoin price increases, altcoins also increase, but not simultaneously but in small groups, in narratives. Things have really changed, altcoin investors need to adapt and change strategies.
4 Reply Quote Share
nova_2019Senior Member
Posts: 239 · Reputation: 1068
#15Oct 26, 2020, 03:26 PM
1.Where do you see the "gambling" aspect in the Bitcoin market? I think that Bitcoin is more stable than it ever has been. If the year was 2017, the BTC price would've collapsed down to 50K USD right after a 125K USD ATH. The traders, the crypto whales and the institutional investors believe in Bitcoin and we can see this by how the price still stays at 110K USD. 2.What do you mean by Ethereum "deciding" when the altcoins would start to grow? I don't know about Ethereum "making such decisions". The altcoin market would grow if Bitcoin grows. Altcoins are just a supplement to Bitcoin, not a competitor. If you want 10x or 50x gains, you should focus on the memecoin market, but this is where the real gambling happens.
3 Reply Quote Share
the_kingHero Member
Posts: 435 · Reputation: 2048
#16Oct 26, 2020, 06:26 PM
You have speculations that on average have almost the same thoughts as other users, that's something normal, Bitcoin was first created and released on the market, Not many Bitcoins appeared, you could count them on your fingers, at that time people were just learning about crypto, many people, especially investors, still believed in Altcoins. As time goes by, many Altcoins have become frauds so that investors no longer believe in investing in Altcoins, so it is natural that the crypto market cycle has changed a lot compared to before. Moreover, nowadays investors only believe in Bitcoin for various reasons and no longer believe in Altcoins for various reasons.
3 Reply Quote Share
stack_laserFull Member
Posts: 103 · Reputation: 310
#17Oct 26, 2020, 06:45 PM
I like the concluding part  of this statement, I believe the market have become More competitive/ manipulated, because of various interest and institutional and government getting involved this bring so much interference and possible interruption of the crypto market like what we saw with Bitcoin last few days Bitcoin ETF and institutional whales are beginning to manipulate the market. Altcoins are worst off, we need to stay away from them as much as possible, because no altcoins season have long term existence history haven't recorded any success in that direction.
4 Reply Quote Share
benledgerSenior Member
Posts: 359 · Reputation: 1254
#18Oct 28, 2020, 10:19 PM
Yes things have changed with different involvement since the previous halving. Gambling? the "crypto" markets were always a gamble, even the Bitcoin market can be a gamble for a lot of traders - nothing has changed in terms of gambling/analyzing.   So its been pointed out for many years that altcoins are a gamble and the mistake so many people have made is believing in them before considering Bitcoin. Thats the mistake the OP has made. The results are small and will probably diminish even further. I am glad I ditched my altcoins many moons ago.
2 Reply Quote Share
ryan_orbitFull Member
Posts: 137 · Reputation: 649
#19Oct 29, 2020, 03:22 PM
The market is very much unpredictable and this cycle has made things even worst than it use to be to predict. Ethereum is the leader of all the altcoins and until we see a major pump in Ethereum will all other altcoins follow suit. Bitcoin may be the head of all other altcoins including Ethereum, but the effect it has on them doesn’t last for long that we see the market make a major change for the altcoin season. For the altcoin season to be full in action, we need to see Ethereum making the waves even when Bitcoin dominance has already lost it at that time.
1 Reply Quote Share
token420Member
Posts: 27 · Reputation: 209
#20Oct 29, 2020, 06:52 PM
The new leadership administration has a lot to do with the turn on the crypto community, rate of involvement of governmental bodies, big institutions and more enthusiasts. This has affected the way the crypto market has been watched from years back. Economic crisis has loud effect in the market, there are market manipulations these recent times, just like the high volume liquidation which happened recently. The crypto market has never been unstable compared to what 2025 has shown. This year's bullish trend on Bitcoin overshadowed the altcoins, making the altcoins season not to be recognized all through the bullish market. A lot of changes has come into this community, and I'm afraid we might be seeing more of it.
3 Reply Quote Share

Related topics