2017 vs 2021 vs 2024 Bull Runs: Same Energy, Different Scams
If you've been through all three cycles, you've basically lived three different lifetimes of financial euphoria and depression.
2017: The Wild West
This was pure chaos. ICOs everywhere. Whitepapers written on napkins. Projects raising $50M with literally nothing but a website and a dream. Everyone and their grandmother was launching a token. "We're putting [random industry] on the blockchain!"
$BTC hit $20k and people thought they'd missed it forever. Then everything crashed 80% and we entered crypto winter. The survivors? Mainly Bitcoin and
$ETH . Everything else became expensive lessons.
2021: Institutional FOMO
This time felt "legitimate." Tesla bought Bitcoin. NFTs sold for millions. Your coworker quit his job to trade dog coins. DeFi promised to replace banks. We had laser eyes on Twitter. El Salvador made Bitcoin legal tender. Crypto was on Super Bowl ads. Bitcoin hit $69k (nice) and everyone thought $100k was inevitable by end of year. Then Luna collapsed, FTX imploded, and we got another 70% haircut. Turns out "institutional adoption" didn't mean "never crashes again."
2024: Déjà Vu With Better Marketing
Here we are again. ETFs approved. Bitcoin hitting new highs. "This time is different" (it never is). But now we've got
#AI coins, memecoins with billion-dollar valuations, and everyone's a "crypto influencer." The scams are more sophisticated. The promises are bigger. The technology actually works better, but somehow people are still getting rekt just as hard.
The Pattern:
New narrative → FOMO → Euphoria → "This time is different" → Crash → Repeat
The Difference:
Each cycle, fewer people get completely wiped out because some of us finally learned position sizing. But somehow, a whole new batch of people shows up to learn the same lessons all over again.
See you in 2027 for round four. Same story, different tokens.
#nostalgia #btc70k #future #altcoins