Looking at the current crypto market, I guess there are 2 questions on all our minds:
1.) How high will BTC go within this bull-run
2.) How high will ALTS go in terms of SATS?
Info: This is not financial advice. Just my opinion.
How high will BTC go?
Based on the S2F chart, we should hit somewhere around 200k. My guess would be more towards 100k before a hard correction.
We're currently at the small red-line
How high will ALTS go?
Many Alts, including ETH, having either reached their ATH or made new ones. Now, looking at the chart of ETH, we can clearly see that sats are nowhere near ATH. For ETH, it would take another 4x, which would put it at around 8k USD.
How likely is that? I can't say but a 2x seems somewhat reasonable.
Looking at the DigiByte chart, we can see that while the USD price is halfway to ATH, historically SATS value became less and less with each "pump" and I doubt that the sats will go anywhere near ATH or even 2018 valuation. (which makes me realize how important it is to keep stacking sats)
My Thoughts
Ultimately, all of this is speculation, but it's still fun to philosophize about the potential scenarios.
For me, I'm trying to keep a cool head, investing in crypto with high quality fundamentals, dodging buying FOMO and taking on the long-term perspective - I want to be ready when there's blood in the streets.
Because, right now, a lot of things remind me of 2017/2018, when people had greed in their eyes, new ATHs - even shitcoins - were made every day and people seemingly forgot how it felt like when BTC dropped to 3k just a year ago.
Not even mentioning that "zombie-chains" without any real usage have BILLIONS in market cap and copycat ICO projects DeFi projects are raising hundred of millions as if it's nothing.
With this said, stay rational, healthy and make sure you take some profits. 🙂
I always think How high will I can go and we our Hive community can go
Posted Using LeoFinance Beta
I think Bull run will go a bit longer, covid adds a new random factor to it.
I think a lot of defi projects will be fall massive at the end.
About hive, I think this year will be really good and what happens after nobody knows. With some cool sidechain action everything is possible.
Short/mid-term, as we see, the first hungry sellers sold their hive already.
What does it all mean? no idea :D
Thanks for your view of the current situation and possible forecast - I currently believe that the BTC could break out and perhaps the first signals for the 100k jump can lay - wait, hodln and drink tea.
I don't have any technical knowledge regarding cryptos, but I know what are they. Do you think that...that rise will stay longer? Will BTCs price can go higher? What about its effects, will it be good for the years to come?
I guess we'll have to wait to see, but this bull run has a lot of factors pushing it including large scale adoption from various companies; so, I think we'll get there.
It's only ATH when @acidyo stops selling and starts powering up.
This, which if things go according to plan might start happen some time soon.
LMAO TRUE!
I think bitcoin will remain flat for a while while we have an altseason. Not big pullbacks but no big pumps as well. But yeah it's all speculation.
However, looking at the alt pumps in BTC terms is meaningless, because if you start measuring from the all time high every coin loses against BTC by definition.
What really matters is the satoshi price at launch. Many coins have outperformed BTC over their full history.
I think Altseason will mostly depend on how well BTC is doing, if BTC really goes beyond 100K or even 200K Altcoins will skyrocket as well.
It is a scary time a head for sure, I keep remembering that period I lost a fair bit of cash and I've been withholding and hesitant.
The difference this time round is that there are alot more players with big money in it now a days. Who knows how had the crash will be.
It is a scary time a head for sure, I keep remembering that period I lost a fair bit of cash and I've been withholding and hesitant.
The difference this time round is that there are alot more players with big money in it now a days. Who knows how had the crash will be.
Wow digibyte rose at a point. But now it’s really worthless.Any advice on which promising crypto to to invest in?
Just my personal opinion, but I wouldn't buy anything else than BTC and ETH in a bull market. Potentially HIVE, depending on your stake and its price.
Ok thanks
Very informative article! Thanks!
Weise Worte :-) - Dann mal viel Erfolg uns allen