If you are like me, and by me I mean the kind of people who still believe that the alt season will arrive sooner rather than later despite what many say, then I have a feeling that you'll find the following charts really interesting and you might also have a clear picture of where we are heading to.
I am pretty sure that you're familiar with "it will only get worse before it gets better" saying, right? Right. NO? Well lemme explain what I mean.
Bitcoin determines everything...
As you can see exactly 4 years ago one could buy a whole BTC with less than $1000. 12 months later that very same BTC was worth $20.000. That was the end of the previous cycle but I rest assure you that exactly 4 years prior to that run the pattern was almost identical. So if history is about to repeat itself then what you're seeing now isn't a bull run...but a warm up. One that will make the previous bull run look like a dwarf.
Bull run ya said?
A bull market is the condition of a financial market in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies and commodities. Because prices of securities rise and fall essentially continuously during trading, the term "bull market" is typically reserved for extended periods in which a large portion of security prices are rising. Bull markets tend to last for months or even years.
As I said earlier what we're seeing now isn't exactly a bull run. It's just BTC's warm up before it enters the six figure realm. The only other project that kinda behaves as if this a bull run is ETH which is about to break its previous ATH too very soon. So lets see how some of the big names performed for the past 4 years and what should we expect if things play out the way we want them to.
ETH
LTC
Same story here...4 years ago one could buy a single LTC for less than $4...Four years later it is comfortably sitting at $160....
XMR
Again...XMR was only worth $12 back in the day and exploded at ~ $500 12 months later. it is currently cruising at $150+ despite all the FUD from governments which resulted in multiple delistings from major exchanges.
Actually I could drop 100 more charts that look exactly like the ones above but I am pretty sure you get the point.
So the question is: Is it too late to invest in BTC or in any alt? And the answer is NO. It's never too late to invest in Bitcoin nor in alts that have real life use cases and solve more problems than the ones they create...
Of course you could have jumped in those projects some months ago and hold twice the amount of coins you are holding now but hey...we are only humans ya know...you can't predict the lower low to buy in nor the higher high to sell...
One thing's for sure though...that the party is just getting started...