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Topic: Bitcoin Sparks Imminent Crypto Bull Stampede with 44% Gains in 2019 - page 3. (Read 414 times)

hero member
Activity: 2296
Merit: 953
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I would not be overly happy with this news. Already 44% seems a struggle, and we were helped along by the magical and mysterious 20% increase in one day after April Fools, so let us not forget it was already a huge climb, with a lot of effort already put in. To go higher needs even more effort from more people, and they are so many people waiting as sellers to take instant profit at $6000 (2x value from $3000). Who would not want that in a few months right?
legendary
Activity: 3066
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So what about your opinion OP? You are sharing a news only without giving a single word to say about the news on ccn.
I do even think that bitcoin should not be compared to other assets as the volatility of bitcoin is much more higher than other assets. It may get dumped crazily and pumped crazily without any prior notice unlike the other assets where the price movement is more stable.
hero member
Activity: 3178
Merit: 977
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If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.
I'm optimistic but I'll remain realistic, anyway this news is good, and hopefully we will continue to be bullish and new investors will be attracted putting their money in crypto.
Am not expecting any kind of dump anytime soon since Bitcoin is slowly rising in value in an organic manner and this is not some kind of FOMO rally. Instead, Bitcoin will continue to grow and record even higher gains in 2019 setting it up for a huge bull run(Probably) in 2020.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320,
2019 Returns...

you can't say it is a "yearly" return in 2019 but only use the price of the past couple of weeks.
the lowest price that bitcoin reached was about $3100 and the highest was $5500. and it stayed around $3100 quite some time so it was the accumulation place and should be used as the bottom price to calculate the returns which makes it about >75% return
sr. member
Activity: 1190
Merit: 306
If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.
Anything can happen with bitcoin and there is no telling if bitcoin is going to remain on that list by year's end.  From the looks of it, there must be a lot of money out there floating around which investors are using to inflate all of these assets.  If interest rates start to rise, watch out.

Let's just hope that BNB could really help the whole crypto market as how ethereum did on the last bull-market.
Call me an ignoramus, but how is BNB supposed to do that?  I also don't recall ETH doing much of anything except increasing in price in step with bitcoin.

Thanks for the cheery report, cybersofts.  Though I may come off as a grump, I am enjoying the renewed interest in bitcoin and its sharp rise. 
hero member
Activity: 2856
Merit: 667
If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.
I'm optimistic but I'll remain realistic, anyway this news is good, and hopefully we will continue to be bullish and new investors will be attracted putting their money in crypto.
hero member
Activity: 1274
Merit: 519
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It is really difficult to speculate what could happen next to thw market. The market had been swinging up and down and recovering in a slower pace. This is better than how the market was last year where the market had constanly stayed stale.

Let's just hope that BNB could really help the whole crypto market as how ethereum did on the last bull-market. It's difficult to speculate the market, so let's just sit and wait and be ready for what is coming next.
copper member
Activity: 658
Merit: 284
Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside oil.

     2019 Returns...
   - Bitcoin $BTC: +39%
   - Oil $USO: +38%
   - Nasdaq 100 $QQQ: +22%
   - S&P 500 $SPY: +17%
   - Small Caps $IWM: +17%
   - MLPs $AMLP: +16%
   - REITs $VNQ: +15%
   - EM $EEM: +14%
   - EAFE $EFA: +13%
   - Commodities $DBC: +12%
   - High Yield $HYG: +8%
   - Investment Grade $LQD: +6%
   - Bonds $AGG: +2%
   - Gold $GLD: -1%

   Twitter: @charliebilello | https://twitter.com/charliebilello/status/1119218063486914560   

The initial 20 percent rally from bitcoin in early April from $4,200 to $5,000 drastically changed the sentiment around the crypto market and investors generally expected bitcoin and the rest of the market to slow down following a strong upside movement.

In the past few days, bitcoin has continued to increase in value, surpassing $5,300 to record a 32 percent increase in price within one month.


Reference: https://www.ccn.com/bitcoin-44-ytd-gain-crypto-bull-market-imminent
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