Recent signs that make me really bullish about Bitcoin
There is no doubt Bitcoin controls the crypto industry. When you mention cryptocurrencies, the first thing people mention is Bitcoin.
There is a reason Bitcoin has 63% of the crypto market share. What is most interesting to watch is how much money is in crypto.
Up until 2017, it has been mostly a slow and steady climb, but a match was lit and it has been on fire ever since. Sure it there has been ups and downs, but when Bitcoin drops, I always refer people to the all time lows not the all time highs, as this is where you really see the true potential.
| Year | BTC All Time Low |
|---|---|
| 2012 | $4 |
| 2013 | $75 |
| 2014 | $200 |
| 2015 | $185 |
| 2016 | $365 |
| 2017 | $780 |
| 2018 | $3200 |
| 2019 | $3361 |
| 2020 | $5439? |
While the all time highs look good they don't tell the message as clearly as looking at the worst that Bitcoin has to offer.
I have no doubt Bitcoin is going to drop in the near future, and I'm ok with that!
This rally has been the longest time Bitcoin has been over $17,000 USD. Up until recently, it was the longest time it was over $18,000. $10,000? That's a distant memory.
If that wasn't enough to make you feel bullish, let me give you a few more things.
Are you seeing what I'm seeing?
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https://twitter.com/Bhattg18/status/1337617774017835014
https://twitter.com/itsjustmarky/status/1337619066031312897
It feels great to be in crypto again lol. But if you've weathered a few cycles it feels even better because you get it. I'm trying not to focus on btc and just know I have a little tucked away. I'm really having fun with @leo.finance and hoping hive is able to make a little run in the next few months.
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Thanks for heads up, i first time saw a table of all times low and it seems its low is always higher than the preceeding yera. I interesting.
You are right that whenever Crypto is mentioned the first that comes into people's mind is bitcoin like its the father or mother of all other coins lol.
Lol, I think I am seeing what you are seeing.
Each year we keep saying bitcoin is low yet every year its higher than the previous year 😂
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That all time lows table looks sexy ♡
sex af!
Your bull is kind of skinny.
We're very lucky to see the writing on the wall.
Here's my vision of the bull.
Photo from my album.
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Yes he is, but he has beaten 6 bull fighters and is only a teenager.
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Love it with the Crypto FOMO. Looking further ahead the baby boomer generation which have amass most of the current wealth will have to pass it down to the younger generations. Those young people are already hooked to the digital age and most likely have favorable feelings toward cryptos. Imagine they too investing into crypto when they have the capital means. Just see so much potential. Thanks.
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I'm just concerned that as BTC gains traction in the mainstream, it will lose its original place as a monetary system outside the clutches of the authoritarians. I'm thinking Dash and Monero are the next frontier. Or maybe something I haven't even heard of yet. And, of course, Hive.
2020 has been an incredible year for the quality of investors ... no longer private users but institutional investors and multi-billion dollar companies that have generally bought at Bitcoin values of over $ 18,000
This is really Bullish! And we are only at the beginning because other companies, fearing to be behind even towards their rivals, will start buying crypto and then there will be a real hunt for Bitcoin! But not just BTC :)
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Sincerely, I don't think bitcoin might go beyond 20,000 dollars next year and then that's just my perspective.
The price inflation still needs correction and I feel with the world going back into full drive next year, the over-reliance on Bitcoin might lessen thereby affecting the price
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I love the ? on the 2020 all time low. Beautiful.
However there are 2 issues I feel inclined to point out as a bit coin skeptic.
1 is the arbitrary use of years. Some all time lows are just carry overs from previous years.
Another issue is ignoring inflation. USD money printers go brrr.
I dont know how those issues impact the point you are trying to make that you feel bullish.
Perhaps I'll just point out that is a bison bull, not a taurus. You may as well put up a picture of a bulldog, or a bull elephant sea or a bullfrog.
if sharks put their wealth in bitcoin It's an excellent sign since they are the most suspicious people in the world hahaha or invest their money very wisely and carefully.
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There's a very good chance BTC dominance will drop under 30% in 2021. There's no doubt imo its definitely headed lower as the cycle progresses.
I expect DeFi token dominance to dramatically increase including ETH.
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I love bitcoin
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