crypto cycle doesnt need 5 years to wait. it just takes 1-3 years to reach new ATH
look back in last two ATH and youll realize that. so, if it would happen again, the next new ATH will happen in 2021
we can see the history will repeat again in 2020 or not, bcz in 2020 should be knowed "bull" 1 year before ATH
Previous ATH prices were higher than their average value due to the HYPE by the ICO investors but the HYPE will not repeat the last cycle, from my understanding.In fact, the bearish market is going to destroy the already dead altcoins one more time. Investing in the altcoin has several consequences in a bear market and everyone should be patient to wait for the right time-bullrun.
i talk about Bitcoin ATH which happened in 2 cycle.
yeah i agree that last ATH triggered by HYPE of ICO in 2017, it may not repeat again bcz of its bad reputation.
But, i believe that another scenario would trigger its price again. some IEOs, some adoptions, or etc
so, the bull wouldnt depend on ICO which is going to dead