1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
I feel like I should start taking profits but at the same time I feel like we are just getting started and probably have another 2-3 weeks to go
satireprod
Superstar
the funny thing is, I'm trying to get a good entry point in a few things (ALBT, VXV, Sushi, etc) but a lot of them are running too hot to do so
Best case scenario: the run continues until next summer
Worst case scenario: things stabilize for 6 months to a year, maybe 9 months before taking off again
When ETH hit an ATH in Jan 2018 it dropped red in Feb and Mar before attempting a bounce back in April and then going red from May to November, 7 months. Stabilized a bit from December to June 2020 so about a year and a half. So February to November 2018 since I won't count the April one with it not helping to bounce back. Thats 10 months of decline after the ATH. This time it set ATH in May 2021 and was red that month and in June. It already started bouncing back in July and August. A quicker recovery than that 2018 ATH. Much more players in the game right now and much more things going on in the crypto world. Not to mention staking and the coin burn. Not just with ETH but other coins as well. Look at where we were about two months ago on fourth of July compared to now. I posted this on July 5th.
They got scared during the bad days and bailed on us.
Everyone thats still in prolly just hodling and not paying attention to whats going on with the market. Only ones I recall consistently shilling stuff on here that was not the usual projects were @ReasonableMatic and @NotaPAWG and he was on vacation recently and drops in here and there. She, not so much, but figure the market kind of dead for the small cap coins so she prolly not as active recently. And then the BTC maxis who make an appearance here and there but unless their coin is going on a run, they don't try and convince anyone to buy or stay poor. They recruit when the going gets smooth, not when the going gets rough, cuz they don't want to scare anyone off during a dip. Still plenty of ways to make money and add to current positions while things are steady. People just waiting things out until the market gets back higher. According to tradingview, the market cap is at 1.4 trillion. It dipped to a low of 1.129T on June 22nd and trying to climb back up. My ichimoku cloud and moving average indicators look alright and seems to me that a reversal could be imminent, hopefully by Labor Day. Just gotta be patient during the summer. Here's something interesting tho. We first crossed that 1.129T mark on January 10th, and the 1.4T mark we're at now on February 8th. Yes, thats February 8th 2021. So 5 months haven't passed since we were first at the mark we are at now. Lets see if it reaches 1.5 trillion by end of the month but we still in better shape than a year ago when it was around 265 billion worth. Everything gonna be ok. Lets finish the month strong and build up some more momentum in August. Holidays coming up soon and we all wanna gift ourselves Lambos so just hodl and we'll get there.
Reversal happened and was shortly after so by Labor Day. Market cap was at 1.4 trillion, its currently at 2.4 trillion. 1 trillion gained in 2 months. I don't know if its ever gained that much in such a timeframe. Maybe someone else knows. Won't be surprised if market cap is past ATH of 2.577 trillion by Halloween, its 2.364 now. That's the next checkpoint for us on this journey. Lets see whether we get tricked or treated by then.
satireprod
Superstar
A small part of me want things to consolidate for a while to increase my bags before everything taking off. Another part wants it to pump, especially for all the folks who have put in real time/work. They deserve to eat well.
I’m banking on there being another buying frenzy for DOGE and SHIBA whenever there’s another bull run as they’ll both probably be listed on coinbase by then…DOGE is up there with BTC and ETH in terms of recognition and popularity regardless how folks might personally feel about the project…it’s not going away anytime soon
consider taking some and leave the rest in the event your instincts are right
satireprod
Superstar
yep every dog has it's day..Doge/Shiba are no exception, especially if they get that CB listing
this is unprecedented territory…the overall MC hit a trillion for the first time this past bull run…and then it hit 2…this feels like an insane dream at times
with SHIBA in particular I’m banking on human nature…and ppl trying to “push” it to $1 when they see such a low-priced token on CB…I sincerely don’t think it hitting $1 ever happens in my lifetime, but all I really need it to do is clear 1-2 zeros in the next few months
satireprod
Superstar
true it may never hit $1, but like you said the hope/campaign to go for it, might motivate massive buying power....
Clear 1-2 zeros in the next few months would be amazing
the bossman
Superstar
If link keeps this up...
