I'm going for two scenarios: Bitcoin will either go through the same cycle it went in 2016 & 2012 or this time would be different.
I believe there might be a difference due to the wave of new investors. We've got +1M addresses still holding their coins... so when the next cycle comes, these address might become active. If they do, it'll probably be a huge selloff from those who invested @20k.
On the other side, it could go through the past cycles which means a parabolic price increase followed by a bear market for a long term.. I'm ready for both scenarios anyway. I'll just accumulate alts & BTC and be ready to ride the next cycle the right way.
Interesting, those who bought at the peak now are waiting for the best moment to recover their lost, i used to think that its trend will follow the previous halving, but after seing your opinion about this, I change my mind. Once the price hit the ATH there's gonna be big dip due to those Holders. At least we have to prepare for these two scenarios.I believe there might be a difference due to the wave of new investors. We've got +1M addresses still holding their coins... so when the next cycle comes, these address might become active. If they do, it'll probably be a huge selloff from those who invested @20k.
On the other side, it could go through the past cycles which means a parabolic price increase followed by a bear market for a long term.. I'm ready for both scenarios anyway. I'll just accumulate alts & BTC and be ready to ride the next cycle the right way.