These two days, I have been thinking about how the trend of Bitcoin and altcoins might evolve in this bull market.
2025 will definitely not be engraved in 2021, because too many people use 21 as a reference, just like 2021 will not be engraved in 2017, but more like 2013, but not completely like, the second stage of the market development is relatively abnormal.
Then there is a probability that 2025 will be engraved in 2017, that is, there will not be an obvious two-stage market, but it will not be exactly the same.
In terms of altcoins, judging from the trend in the past two months, it is obvious that it is not like 2021. The situation in 21 is that after January 12, altcoins basically do not follow Bitcoin, but follow ETH. Bitcoin has been adjusted all the way, and altcoins have been reversed all the way. In the last round, it may be true that because the entire ETH ecosystem is particularly prosperous, most altcoins are ETH-based, so it gives people an illusion that all altcoins follow ETH. In fact, some altcoins have their own rhythm, such as Zen, DOT, and ADA.
I didn’t enter the market that early in 2017, and I didn’t know anything at the time, and many memories are not clear. I tried my best to look through the K-lines of some altcoins that I remembered in 2017, such as LTC, NEO, ARDR, NXT, DOGE, ETH, ZEC, and DASH. . . . The altcoins had two obvious rounds of pull-ups:
The first round basically started from March 27 to around June 23, with an average increase of about 10x…………
Then from June 13 to July 16, Bitcoin adjusted for a month, with a drop of more than 30%, and altcoins generally pulled back. For example, strong ones such as LTC, DASH, and ETH were cut in half, and most of them were cut in half again. Even more exaggerated ones like DOGE, 1ST, and NXT fell terribly, which was a trend of main force shipments;
Then from July 16 to September 2, Bitcoin rose all the way, reaching new highs, but except for a few strong altcoins (such as NEO), most of the altcoins were lying flat, which means that many altcoins did not follow this period of growth. ;
The second round is what happened after the 94 regulation. The copycats generally broke out in early October and reached a climax at the end of December.
That is to say, basically in the four months from June to October, most copycats were in a state of adjustment.
From the K-line, it doesn’t look like 2017. The details and trends of each round of bull market are different. After all, the volume and hype logic have changed, but there are always some similarities between generations. So are there any old drivers who know the copycat situation in the first half of 2017?How does it compare to now?