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RE: IS IT GOOD TIME FOR ANOTHER CRYPTO BULL RUN ? Do we really need it now?

in #crypto5 years ago

It’s a good question. I’ve been buying bitcoin since 2010 and had I kept what I’ve sold over the years....well lambo would be a reality. I can’t help but feel by looking at the recent surge up to 8k territory that we are due another drop potentially back to around 6k or lower. I’ve learned not to get to excited when we recover from lows and consolidate much higher than where we were....but still lower than what most forecast we are going to consolidate around. Unlike other rises in value in the crypto sphere we have seen in the past we today have more infrastructure and awareness of cryptocurrency as a space. With that awareness we don’t have the uneducated or uninformed enthusiasm that we saw in the last run. This isn’t me saying we won’t have another crazy FOMO driven bull run, but the market may drag its feet getting to it’s all time crazy highs we saw before...despite the length of the recent bear market. Ideally I’d love to see a way to truly diversify in the crypto sphere. So much is tied to the value of BTC in regards to altcoin performance so in a utopian sense seeing something come along as a new flagship technology in the block chain space to cause a halving of sorts (rather than completely dependent on BTC) would be awesome. Unrealistic highs and lots of froth in the market tend to get the attention of the talent in tech and we start to see new innovations each time so who knows, we could see that. A rise in crypto prices will never be a bad thing in my book. We do have a lot more awareness and structure in the space than ever before so the next run up could be interesting. We can always be sure it will be filled with the unexpected which is always exciting. The crypto space has never calcified or stagnated as there are so many great people always busy behind the scenes figuring out how to leverage distributed ledger technologies towards achieving awesome goals. So a market uptick now is as good a time as any. When it does happen I do think we are far better positioned than we have ever been before. Thanks for the post. Was an enjoyable read through.

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Dear @mudcat36

Thank you for your kind comment.

Would you perhaps consider using "enter" from time to time? To separate blocks of texts? It would make it much easier to read.

Yours
Piotr