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RE: History Lesson: Putting the Rise and Fall of Altcoins into Perspective
I think there's an extremely high probability that we see a few more of these cycle booms, most likely getting more selective with each successive cycle, and with Alts continuing to outperform BTC. Unfortunately, as you say, it's hard to tell when. Cyclically, we should start seeing something happen soon, but whether or not that will be something sustained intermediate term remains to be seen.
Great write-up! Upvoted and will Restream.
That's right. We will see... likely MANY more of these cycles. In 2016 alone we went through three of them with Bitcoin and 1 with Ethereum. Felt like the end of the world honestly, but that's when you reach the bottom of the bubble and realize... actually it's going back up :)
Based on what we're seeing today, the alt coin space has hemorrhaged hard. So many coins dropping to early or even pre May levels. The issue is without some kind of corrective mechanism along the way we're really sitting on top of a cliff without a base to stand on. And that's what seems to have happened here. It's not forever. Let's just hope that the way up again happens sooner than later :) But, even as you said, it remains to be seen when that actually happens.
Thank you for the Upvote and Resteem as well!