My analysis of various crypto price charts provides good evidence that BLURT holders will be very happy during the coming crypto bull market.
3 things are required for us to prosper financially with the BLURT cryptocurrency:
- for us to own a significant amount of it
- for there to be another crypto bull market
- for BLURT to move along with the rest of the market
Each of us has our own strategy in regards to how much BLURT we own. I recently set the goal of owning 1,000,000 by the end of the year, and I'm now at 635,000.
As for a crypto bull market, it does appear the bear market was left behind with 2022, as I wrote here. As usual in early bullish periods, Bitcoin is leading the way.
This is what the next 2-3 years could look like:
The ultimate top in this bull cycle might be late 2025 if the long-term pattern repeats again. 2023 may be mostly sideways before the larger gains of 2024 and 2025, but it does appear the bear market is over.
That just leaves the 3rd condition - for BLURT to move along with the rest of the market.
Is BLURT moving with the rest?
This is what it comes down to. There have been concerns within the community here that this token will never be allowed to appreciate, and that upper management/ownership of this blockchain has found a way to capture the token for their profit alone. Or more simply, that BLURT's price will continue to fall, again and again and again, as it has done for the past year. I myself have openly pondered these possibilities. If that's the case, no amount of gains in other cryptos will have any significant effect on our token's price, and it will continue to flounder.
So I pulled up quite a few charts today, looking at BLURT and several prominent cryptocurrencies, in various timeframes. My conclusion? We ARE moving with the rest, and when they go up, so will we!
I'm convinced. (And relieved!) But to convey it to you, my reader, is another matter. I think the best way to do so is with a few key charts: BLURT, Bitcoin, and all cryptos. Time-frame? 90 days is short enough to retain detail, but long enough to capture the end of the bear market and switch into the bull market. I'm using a logarithmic price scale. Let's go!
First, Bitcoin
Bitcoin is the quintessential cryptocurrency, and no comparison is really complete without it. Here's what the BTC price has looked like over the past 3 months:
Don't worry much about the exact prices or dates. Pay more attention to the general shape of the price through time.
We had a sudden drop in November, a sideways consolidation, a failed attempt to break out, another stabilization, a steady climb up, and break of the previous level.
All cryptos together
Let's see how the entire crypto market has done in the same 90 days:
It's very hard to not see the similarities. The only small difference worth noting is that BTC has broken out a bit higher than the rest of the market, but that is extremely normal in the early part of a bull market. BTC gains dominance for the first year or so, then loses it as the "alt coins" see major gains later in the bull run.
Finally, BLURT
Here's what we really want to see. Has BLURT been following along, especially during the past month during the switch from bear to bull?
Boom! Ignoring the daily volatility, which is a result of our much smaller market, the overall pattern is clear; sudden drop, sideways move, attempted recovery, another consolidation, steady climb, and breakout.
To make it abundantly clear, let's simplify each chart and combine them into one:
I was shocked to see how closely our token has followed the greater market. And yes, it goes back further. But what's really telling for me is that we bottomed at the same time, consolidated sideways during the same period, and then began our recovery essentially in unison with the rest.
Everything dropped together. Everything crept sideways, tried to recover, and had another setback. Then everything took off together.
Conclusion
As we begin a new bull market, BLURT has recovered in the same proportion and at the same time as the greater cryptocurrency sphere. It doesn't (and can't) follow along perfectly, but the general trend is very clear, and should be very comforting to those of us holding BLURT.
If cryptos have another extended bull market - and it appears that has already begun - this blockchain's token is set for serious gains, and likely, new all-time highs.
DRutter
Woohoo! Going up at the same time and proportion as all the other cryptos! The up arrows look like a trident.
Yeah, good thing I did 3 up arrows, so it didn't look too much like devil horns. Maybe I shouldn't have done it in red!
BLURT's previous high was 0.12 USD. We hope to have 1 million later this year. If BLURT goes to say 0.2 USD in the coming bull market, we'll have 200,000 USD (268,000 CAD) worth. That's the better part of a nice house around here... or an entire house if there's a real estate pullback (which looks fairly likely). Fingers crossed!
I will entertain the possibility, however unlikely, that it may reach 0.02.
You could buy a yurt
Yes! we're going up non-stop since mid November, hoping for the brighter journey of the blurt price, (sigh) praying for the top whales not to dump blurt very soon.
All this can go much higher , of course if they do not sell how much is low as they have been doing . The owners hopefully will let the token prices go up , of course here he owns his money and can do whatever he wants . This is my humble opinion
Yes, the price depends on certain whales (large holders) that may decide to dump BLURT onto the market at any time. This post is mainly about the fact that BLURT seems to be moving up and down in a pattern with the rest of the crypto market. I see you have 176000 yourself, so I think it's good news for you too!
That I hope they'll don't dump it or else we'll back to the ground again @unpoetaenamorad. I am expecting good blurt price by the next cycle. I am following @drutter not only for covid/vaxx related topics but also for crypto insight especially blurt, and in general his "a must read" content as always.
I'm really glad to see bitcoin is somewhat stable above 20k. Which helped to see some green in Blurt ,Steem and Hive.
Wow, this is a very good detailed Post and good news for holders of Blurt to be interesting and informative.
You have a positive outlook on the future of the Blurt project and its potential for growth. I appreciate the analysis of the current market conditions and the potential impact on the value of Blurt.
However, I would like to ask, what are the potential risks or challenges that could impact the growth of the Blurt project in the future? It is important to also consider the potential obstacles and to have a well-rounded understanding of the project in order to make informed investment decisions. Thanks
Thanks for your comments.
That is a good question, and one that I have answered dozens of times in my Blurt posts. Normally, I focus entirely on the risk and challenges that you mention. In this post, I decided to keep it positive and focus on the potential upside presented by the coming bull market and Blurt continuing to follow the other cryptos.
If you look backwards on some of my posts, you will see many of them answering your question. Or, you can simply wait, and I will likely be doing another entire post on that topic soon!
Ok, I recently stubble on your post about 2 days ago which is my first time coming across ur content.
Thanks for following, I hope you enjoy it.
I saw there's a lot to learn from your content that's why I follow too
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