Analysis of Crypto Bull Market Cycles
Introduction
In this post, the author discusses the recent price surge in HIVE and Bitcoin, and questions whether the crypto market is already in a new bull cycle. The author also shares their thoughts on buying at a relatively low price in anticipation of future returns, rather than waiting for the perfect bottom.
Crypto Bull Market Cycles
- It has become a common trend in crypto to expect bulls and bear markets to occur in 3-year cycles.
- However, past trends may not necessarily hold true, as prices are influenced by supply and demand factors.
- The author questions whether the current price surge indicates a new bull cycle.
Recent Price Surge in HIVE and Bitcoin
- HIVE saw a 40-50% increase in value over the weekend, while Bitcoin has also been steadily rising since the end of 2021.
- The author suggests that the recent price surge may be due to heavy hitters buying in at a relatively low price in anticipation of future returns.
Author's Perspective
- The author shares their own experience of buying back HIVE at what they believed was a relatively low price, even though the price may have dropped further after their purchase.
- The author believes that it is better to secure a position at a relatively low price in anticipation of future returns, rather than waiting for the perfect bottom.
- The author plans to continue buying and powering up the few tokens they believe in.
Overall, the author questions whether the crypto market is more mature now than in the past when it followed predictable cycles. They also share their personal perspective on buying at a relatively low price in anticipation of future returns.
I'm most certainly gonna invest regularly in crypto going forward and specifically with focus on the Hive blockchain. I agree with @fredrikaa, it's time to power up baby ! :D
