https://files.peakd.com/file/peakd-hive/daniasi/23tkjmYEHLJZ9q2J1a1ium2wRnHgpkEUYamc5uCu5X8ebkNxk97ehDCoyyp3512faU67C.png
[source](https://www.freepik.com/premium-photo/3d-visualization-bullish-stock-market-trend-3d-rendering-illustration_36599009.htm#query=Bulls%20market&position=21&from_view=search&track=ais&uuid=2b6f5b57-ab39-4b14-af66-e91845f8890b)

Everyone loves it when the market turns bullish, you know, some bucks will be up for a grab. I must say, there are a lot of people who claim to be crypto enthusiasts, yet they are not. All their concern in the chain is a bullish market so they could make interest. I am not actually against making interest, it is the aim of every investment. Truth be told, why the market always falls drastically is due to the presence of such individuals who just wait to pull out funds when there is a market bull. How will we out power the centralized systems if all we care about is short lived interest. I must say, the markets have been hyped in several occasions, inasmuch as most believe the market is a hype, I always feel the decentralized system can do better that this. 

The key takeaway of decentralization is 'transparency'. Is it actually true that we cannot build a coins and tokens to stand the test of time without hypes. If this be so, I guess we are not too far from the centralized. A new year is upon us and a lot of people will be waiting for their so called 'golden moments', you know that instance where coins and tokens go bullish or over bullish as the case maybe. Yet, I warn us all, don't pray for an over bullish market this 2024. 

In my few years in the crypto world, I have learned a lot. Believe me, an over bullish market is a proof that all will soon go wrong. We all know the two emotions that move the market; greed and fear. An over bullish markets means that there will a lot of gains. What we fail to realize is that gains on its own is a transferred loss. Definitely at such high market switch, it will create FOMO making people to put a lot into the system. We all know how it always ends, the former will gain while the later loses.

### What happened after BTC all time high?

When cryptocurrency emerge through its alpha coin bitcoin, it was mainly aimed at promoting a fast an efficient means of transaction. Not a lot really had the belief on the project until it began to make waves some years later. Investors, business and firms started flocking in to take advantage of the volatile market. This was a problem we fail to correct, maybe it was out of our reach to do so, you know we are talking about a decentralized system here. It continued to rise until it reached its pinnacled year. Even the world richest began to pick interest.

 Nothing wrong in popularity but the speed at which something gets popular can be a problem. We wanted dominance, and yes we had it, bitcoin beating every thing in price value, reaching an all time high of more than $68,000. In short, bitcoin price was at $46,000 by august 2021 but it bulled to it's all time high of over $68,000 in november that same year, just within the space of three months I guess. It was a good achievement right? So what happened later? Why the massive decline, dropping below the $16,000 mark. 

Every coin in the market panicked in the process and a lot of projects went to bed. Though there may be other several factors to consider, we need to understand we made it happen too sudden. You can't drink 100 liters of water in a day but you definitely will consume such if given up to a month and a half or so. If you force yourself to do so, you know there will be negative consequences yet this doesn't mean drinking water is bad. When it is too soon or too sudden, you'll get punished soon.

### Is there no other benefit of blockchain except buying and selling coins and tokens?

I guess we have to look at other benefits of blockchain technology. The aim was a decentralized transaction system. Blockchain has given rise to DApps, Defi and lots more. It has brought control to the table for everyone to share in it. Inasmuch as there is a need for value to increase in  tokens and coins, I guess the best it going through it smoothly and gently. You know the old saying, steadily, steadily wins the race. I know a lot of people are waiting for BTC ETF to help the market explode. There is a high chance of it coming to pass according to several sources. 

Even with that, you need to be careful, we have seen this game played out many times. We are fed with lots of non-reliable news which can bait you. Even if the bitcoin ETF were to be approved and the price skyrocketed, then what? New investors will pour in money and enrich the old ones then when the market certainly settles at its fair price, loss will be inevitable. We will all go back to the old challenge of cryptocurrency, you know it being volatile. SEC and other government bodies will in the process have reasons to enter and sabotage the system about how unreliable and unsafe it is as compared to Fiat currencies.

I am not out for any market hype this year, if one of the ways you wish to convince me to invest in projects is the fact that it will soon explode then you may lose my attention. Cryptoverse and blockchain technology needs that breathing space to prove it is beyond 'buy, hold and sell'. Have we not seen how bitcoin has gradually climbed back to light? This is how it's supposed to be, people seeing personal values rather than market hypes.

To conclude let me add, the former consequence of bitcoin over bullishness should be a lesson worth considering. As a crypto enthusiast, what do you want from the cryptoverse; coins and tokens drastically rising for you to make short end gains or building the future of decentralized transactions, applications and even socialization? I guess the latter is far much better. This is what we should be thinking of in yet another year to add value to the cryptoverse.


Posted Using [InLeo Alpha](https://inleo.io/@daniasi/it-would-be-foolish-to-overbullish)