I believe that is positive news and it could again help the market to pump, currently the market is not that bullish anymore particularly on bitcoin, it seeemed like we already stopped at $60k as bitcoin is now below $60k and might go below in the coming days.
$100k is easy if there's a big news that would have a bullish effect, I think that one is big but let's just see how the market will react on that.
Topic: April 14, Coinbase IPO and pump on bitcoin? - page 4. (Read 585 times)
If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market.
after the paypal announcement, the price increased a lot, it seems to me that this paypal announcement was a salvation, because the price could have dropped below $50,000.
I reckon only more institutional investors’ billions can push this to the predicted $100k target and it appears an approval of an ETF by the US SEC might be one of the ways.
I agree, if some very big and famous company said it is accepting bitcoin then the price would increase a lot, paypal and elon musk were able to create big price increases for bitcoin
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
I've heard some analyst saying that this can make the price drop a little, others argue that the price will increase, I prefer to wait and see what will happen
OP, when you are in doubt, always zoom out. Bitcoin is simply consolidating at the current level of $50,000 - $60,000. It must establish that new floor to start surging back to its path to $100,000.
Shower thought, what if Bitcoin’s next bottom during the next bear cycle is $60,000 or higher?
Shower thought, what if Bitcoin’s next bottom during the next bear cycle is $60,000 or higher?
If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market.
Bitcoin stopped having pumps back in 2013 when MtGox that controlled 85% of the market volume went down.If you mean "rises" then slowing down has never meant "becoming weaker". In 90% of the cases when the rise slows down in bitcoin and price stays stable in a fixed range with less than 10% fluctuation it means there is a massive rise coming and the stability is due to the large scale accumulation by market makers.
Seeing the high volume also suggests accumulation for the next big rise.
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I reckon only more institutional investors’ billions can push this to the predicted $100k target
Bitcoin had a 13000% rise in previous cycle and it didn't have "institutional billions" to get there. So far we only had 3000% rise and in comparison that is tiny. Reaching $100k won't need any of that. Reaching $1 million in 2021 does.Quote
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
That seems to be only for Coinbase as a company and in stock market. It doesn't even have anything to do with the cryptocurrency world. It is just a company that is involved in cryptocurrency trading by offering a platform!That won't affect bitcoin price.
If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market. I reckon only more institutional investors’ billions can push this to the predicted $100k target and it appears an approval of an ETF by the US SEC might be one of the ways.
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.
Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.
Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/
Do you call this weak pumps?
I don't.
We get used to the good stuff right away and it seems that if we encounter a little resistance after we've been beating ATH after ATH almost daily, there's something wrong.
Regarding Coinbase, I understand that it may have some influence, but what's going to get us to $100k is going to be the aggregate of institutional demand and reduced supply.
If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market. I reckon only more institutional investors’ billions can push this to the predicted $100k target and it appears an approval of an ETF by the US SEC might be one of the ways.
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.
Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/
However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.
Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/
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