/biz/ - Business & Finance

>>21361719
Hi, yes I was there
The trouble with comparing to ETH is the timing.
Blockchains were newer and less known, yes
But also ETH was essentially born into a bull market, whereas link was technically born in a bull market, but almost immediately weathered a bear

I do recall however that in like January or February of 2017 ETH leapt from like ~$14 to $40 (someone correct me with better charts if you have them, I'm phoneposting currently)
We called that month after February 2017 the "March of Normies" because many battalions of newfags rolled into /biz/ during that month, and price action was never the same

But I just looked back into my old scant blockfolio screenshots, and by the looks of it $ETH was at $40 on April 7th, 2017 and then one month later by May 2nd or so, ETH was at ~$80


Buying link at these prices might well be like buying ETH in the $teens, but I personally am not buying these prices; it seems just a bit too bubbly to me
Why?
One factor doesn't match up, and that's Bitcoin's ATH
What we need to truly onboard the normies and their fomo is for Bitcoin to break above $20k
This will do what it did last time and all the other times, which is bring the normies in who heard of Bitcoin for the first time in 2017, maybe wanted to invest, saw the bubble, and then forgot about it
These people will jump in again (which was the case with me in 2017, with regard to 2013) and they will drive the price to ridiculous new heights since they have a new basis

Anyway these normies won't be here till BTC ushers in the bubble market, because even if they hear of how great link is doing, they haven't been preconditioned to see it as a longrun thing and will mark it off as a missed train

And without these normies, redditors, institutions, general public, you don't have anyone but the crypto community to support the price
My bet is we either crab in the teens for the next few months, or crash a bit if Bitcoin starts rallying, then once BTC breaks its ATH, we moon.