yeah it really seems like things are moving faster

for some reason it seems like it won't stay sideways for more than a few weeks, it could but id put the chances under 5% until we get some higher prices

I was looking back at 2017 charts on these corrections on weekly and monthly, so the moves were even fast up then, but sometimes would just drop back down in few weeks

So lets see

This time feels faster though, or maybe b/c the numbers are so large, but smaller on a % gain

I am split on if we see 28k-30k tested at least once more or if we just keep chugging along up to 50-60k and then a drop to mid to high 30s

Not going to fomo more in, I think this was a good risk tolerance lesson for everyone. Always feels like a good idea to keep buying more when alt prices keep rising 20-30% daily

Next time I just need to load up a lot more when falling very hard, especially now that I have a good job to afford it

Some charts on Tradingview a bit scary tbh

Looks like late 2017 (maybe b/c of how fast we went up)

tradingview.com/chart/BTCUSD/KO2rqx7u-20210111-BTC-2018-vs-2021

you keep mentioning this parabolic top from 17 but you ignore the initial break of $1,300 ATH (where we are now) where we went up 10x to even reach that parabola

your data and info is skewed and you keep rewriting your narrative

noone knows what's going to happen and planning months in advance of potential dips or runs is a fool's errand

you can barely predict the next day let alone week or month in advance

and no backtesting doesn't work in crypto because it's not a mature market and the data you are comparing to was significantly smaller than today's matured markets (4+ years of building infrastructure) to support and expand the whole ecosystem

We got stickied!?!??

Keep clicking the wrong thread from muscle memory forgetting this one got stickied lol

All valid points

At the end of the day there are no right answers

Like you just said, you can't use the old data exactly, yet you used that we went up 10x to reach the parabola...

But data can somewhat be used to make some guesses in a wide range

We went from a 2013 top of like 1200 to a 20k 2017 top basically
16.7x

This was smaller gain than earlier tops (much different market ofc)

I assume the next top will be less than 16.7x times of 20k

A 3-10x makes much more sense. Probably closer to the middle range

it will be interesting to see how this all looks after the run is over

like is this half way up or just the start for btc

I think we definitely could slow down and get a lot of sideways action if the price settles up higher like we did in the past that's usually when that happens, not near the peak but still over twice the old ATH

it also slows when it's lower in a Bear Market but I mean in a Bull Market

yeah there is a lot of uncertainty, usually I have some idea where things are going in the short term but it's definitely hard to tell at the moment

bull crypto markets are just hard to read when things start moving

yeah I keep seeing people predict it's going to 25-28k I guess we will see it yeah it could just keep mooning lol

Or near the end haha, but I don't think so, lowest possibility imo rn

If 42k was the actual top and leads to the 1-2 month alt season (would see very soon), then I would be shocked

Btc on google trends ramping up. A bit over 60% of the 2017 google activity peak

Got some ways to go likely, but I do hope we do go a bit lower, go sideways for a couple months and let price build

Would lead to a higher top the longer this cycle goes, which needs healthy pullbacks that are sustained and retest multiple times

yeah some sideways bitcoin would be good for alt season and reaching further highs with less violent dumps but bitcoin seems very hot this year I could see something playing out where it hits 6 figures in like a few months before we see much sideways action

Alts turning green on the daily

It's time

What and when is your top (can give a range for both)?

I think 60k-120k seems reasonable for this cycle

I think that is fair and reasonable

You said near 100k though in next few months.

Do you think this cycle heats up quicker than the usual 4 year cycle?

yeah I think BTC may heat up faster than it did in past cycles and then we would have some kind of major alt season

it seems like things are already all starting to happen at the same time, in past bull runs things kinda pushed on each other and they definitely do still but a lot of alts are already doing better..

ETH is pumping a bit earlier also the space is more mature and every Blockchain is becoming it's own ecosystem

I think it could go even higher like 140k but probably just for a few moments

ik you were saying you didn't think ETH would flip BTC this cycle. I'm not saying it definitely will but I think it could

it wouldn't last more than a few days though, I think it will flip BTC permanently but that is going to take a while

If Eth flips Btc I would be ecstatic

Anyone here holding nano (since around $1) with me?

Feel like that has a chance to be a somewhat realistic moonshot bet if it gets near its previous ath

hey guys cnn says we're in a bear market!

CNN missed the dip

number go green

if this makes anyone feel better i somehow ended up selling at the absolute bottom lmao one fortnite game and i'd be in this

hmm

it sure is an interesting project

it does a lot of things that people have issues with in defi and it's definitely different than any Stablecoin I've ever heard of in terms of mechanics

it seems like a pretty ambitious project my biggest worry would be that something gets seriously exploited but I think it has potential and I don't see anything inherently exploitable about the system they laid out