Based on everyone's understanding, what stage do you think the cryptocurrency market is in now?
A classic bull market has three waves. Currently, Bitcoin and Ethereum have two waves, while the altcoins have only one wave, that is, the bull market has officially started and only experienced a big wave. There are still many garbage waves that have not started yet. They only have one or two big waves in a bull market.
The relationship between Bitcoin and altcoins. In the third bull market in 2017, Bitcoin and altcoins peaked in December, while Ethereum and altcoins peaked one month later. There are also many altcoins that peaked in the famous 94 crash, that is, they peaked in early September.
In the fourth bull market in 2021, Bitcoin and Ethereum both peaked in November, a small number of altcoins peaked in February, and many peaked in May after the crash.
In the second bull market in 2013, Bitcoin peaked in November. At that time, there was no Ethereum, only Bitcoin and altcoins. At that time, only Ripple and Litecoin are still alive.
Regarding the mid-term correction, in the 2013 bull market, there was a time when it was too crazy and collapsed by 80% in a few days. The Shanzhai must have gone back to the grandmother's house.
In the 2017 bull market, Bitcoin pulled back several times, but the most was only 40%. The Shanzhai 94 was a big crash, and 90% was normal. Ethereum's pullback was not severe. In the big pullback in the second half of 2016, Ethereum fell deeply, not to mention the Shanzhai, which bottomed out from the high in June to December.
In the 2021 bull market, although Bitcoin and Ethereum did not pull back much in September 20, and did not last long, the Shanzhai adjusted for several months and adjusted deeply, even when Bitcoin was hitting new highs. The next was the 519 crash. Although it only pulled back for more than two months, the Shanzhai was a deep pullback, and Bitcoin was more than halved.
In the 2025 bull market, the big cake and Ethereum did not fall deeply in the middle of 2024, but the Shanzhai had already pulled back greatly. History has never changed. In the fourth quarter, the second wave of surge will rise again, and then the copycats will make deep adjustments, and many will peak.
In the first bull market, Bitcoin surged in one year, and it took two and a half years from its birth to its peak. In the second bull market, it took 2 years and 1 month from bottoming out to peaking. In the third bull market, it took two years and 11 months from bottoming out to peaking. The fourth bull market is the same as the third one. As for the fifth bull market, how long do you think it will take?
