Bitcoin's Bull-run fully explained | Bitcointalksearch.org

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: traderethereum on June 27, 2019, 02:03:41 AM

But that is not happening to all altcoin because I see at the market, some altcoin can increase although bitcoin is a rally to the higher price so if you can get those coins, your profit will be double in bitcoin.[/list]

There is indeed a difference in altcoins that perform well and poor, which might be an indication that we're at the very beginning of a new wave of altcoins taking over the previous generation of altcoins.

As far as choosing the right coin goes to tap into its pumpiness, it's still somewhat of a gamble in my opinion. If it was so easy to pick a coin and 10x your money, most people wouldn't be losing money but making it.

In every market the majority is always losing and crypto definitely isn't an exception here. Right now hodling Bitcoin for neutral crypto people is the best option because holding altcoins makes you lose BTC ratio.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Capt00 on June 26, 2019, 06:37:28 PM

Quote from: batang_bitcoin on June 26, 2019, 05:01:39 PM

Quote from: Jating on June 25, 2019, 03:23:10 PM

Quote from: batang_bitcoin on June 25, 2019, 01:30:28 PM

~snip~

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

Yeah, it is a big different from what it shows last bull run and it is better to look like this. We are too excited and optimistic to see another $20k this year, but still no assurance that we can make it far from that.
At certain thing that FOMO might play again this time and create another huge fall after but we don't need to think it now, instead, we look forward into more pumps.

But don't let your emotions feed you because everyone is starting to become greedy and thinking that it will reach certain higher levels. It's okay to have that vision and plan but I'm just giving the potential pull back can happen as well. After everyone has FOMOed, there will be now whales that will start securing themselves and won't let this advantage pass again. They'll take their gains and will wait for the sudden slow down of the market so they can re-enter with lower price.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: timcook on June 25, 2019, 09:12:20 AM

Most altcoins are underperforming.

I am not sure if the altcoin is underperforming because all of the altcoins are following with the bitcoin price movement.
And if bitcoin price going to increase, the altcoin will follow to go down, and some of the altcoins will get down too deep and back to the early price.
But that is not happening to all altcoin because I see at the market, some altcoin can increase although bitcoin is a rally to the higher price so if you can get those coins, your profit will be double in bitcoin.[/list]

EdenHazard

legendary

Activity: 2674

Merit: 1048

As has been said in the previous comment I just thought that price bitcoin has its own rule. There is nothing to do to the price movement of altcoins. The price movement just depend on the potensial of the altcoin itself. Such as the latest update from their team or the fundamental factor from its coin. I heard ETH will be hardfork again and maybe this increased price it was caused of that. However, the increasing price of bitcoin it's indeed hard to be guessed. Some experts say it just because the halving that will come in may 2020, FOMO which still affecting some people especially the newcomer and the last reason is facebook coin which can attrack a lot of people to know the real cryptocurrency which has decentralized system.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: luigivessota on June 25, 2019, 09:24:39 AM

What's funny though is that even though Altcoins have underperformed, most of them are taking advantage of this BTC bull-run.

The altcoins have high price in relation to the dollar because of bitcoin, but in relation to bitcoin the price of the altcoins is very low. On June 23 binance coin had the price of 0.0036 BTC and today has the price of 0.0026 BTC. this is a very big price drop... But in relation to the dollar the price keeps on the $35

Quote from: serjent05 on June 25, 2019, 04:09:47 PM

On the contrary I don't think Facebook Libra has that LOTS to do with this bull-run.

unfortunately it may be possible, because the people of the crypto world create high expectations for anything

Capt00

full member

Activity: 938

Merit: 105

Quote from: batang_bitcoin on June 26, 2019, 05:01:39 PM

Quote from: Jating on June 25, 2019, 03:23:10 PM

Quote from: batang_bitcoin on June 25, 2019, 01:30:28 PM

~snip~

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

Yeah, it is a big different from what it shows last bull run and it is better to look like this. We are too excited and optimistic to see another $20k this year, but still no assurance that we can make it far from that.
At certain thing that FOMO might play again this time and create another huge fall after but we don't need to think it now, instead, we look forward into more pumps.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

Quote from: timcook on June 25, 2019, 09:12:20 AM

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/

My takeaways:

Most altcoins are underperforming.
Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

Thoughts???

1. Why would alt coin performance affect bitcoin?
2. Institutional investors are hardly looking at bitcoin for solid investment. Let me know when J.P. Morgan starts investing.
3. Bitcoin's halving isn't happening for almost a year.

The only reason for this is market manipulation plain and simple. FOMO can be very profitable, it is as simple as that.

Check out my site to cut through the fake news!

https://www.amsinger.org/sample-analysis

Have a nice day,

Aaron

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Jating on June 25, 2019, 03:23:10 PM

Quote from: batang_bitcoin on June 25, 2019, 01:30:28 PM

The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: timcook on June 25, 2019, 09:12:20 AM

Most altcoins are underperforming.

I would not agree with this, altcoins under performing is because people are heavily putting their money in bitcoin.
This is not a bull run for run, probably bitcoin only as it's different from the last bull run I saw, I can say it's the early stage of bull run but if this ripen, we will see the bull run for the entire market where altcoins will also start growing based on our expectation.

Quote from: timcook on June 25, 2019, 09:12:20 AM

Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

I agree with this two.

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: timcook on June 25, 2019, 09:12:20 AM

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/

My takeaways:

Most altcoins are underperforming.
Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

Thoughts???

There are many factors that contributed to the current bull run and one of those factors that has influenced the market so much is the bottom that was reached in February this year. Bitcoin takes the bearish journey from a little above $20,00 in December 14, 2017 to $3150 in February this year and at this point many technical indicators agreed that the bottom is here and since then we have been seeing Very high upwards movement in like that we never witnessed lately. I strongly believe that the halving expectations is one of the factors why everything is green now but I disagree with the idea of "most altcoins are underperforming" as said by you sir.

Arkham Knight

full member

Activity: 532

Merit: 100

Quote from: timcook on June 25, 2019, 09:12:20 AM

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/

My takeaways:

Most altcoins are underperforming.
Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

Thoughts???

My own thought that is the fake believers and panic dumpers is now completely wiped out that made btc started to rise again. There are huge investors that got easily scared when the bans and the FUDs had come out and 2018 is surely the best year to throw them all off. And then when people who loves bitcoin finally realized that it's the bottom, they bought again until we got where we are.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: timcook on June 25, 2019, 09:12:20 AM

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/

My takeaways:

Most altcoins are underperforming.
Institutional investors are starting to get really interested
Bitcoin's halving is happening very soon

Thoughts???

I'm not entirely sure why the first point is mentioned.

I personally think that the wider crypto market underperforming was something that was expected. The fact was that initial offerings were completely overhyped and most utility tokens/securities sold have absolutely no underlying value. But I don't think that contributed to the BTC bull market at all.

Also, halving is a factor which drives people's bullish expectations, but I don't think even that is the root cause.

The main underlying reason I think is still a) the adoption of SW, LN, etc. which improved the fundamentals of BTC as a network and b) the cycles that exist within the BTC market historically every 4 years repeating itself, partially due to people's expectations.

aoluain

legendary

Activity: 2436

Merit: 1362

Quote from: BrewMaster on June 25, 2019, 09:39:16 AM

Quote from: timcook on June 25, 2019, 09:12:20 AM

Most altcoins are underperforming.[/li][/list]

i say they are over performing with all the pumps they had in the past month before the bitcoin rally began. and many of them still have leftover bubbles that has not yet completely burst.

Quote

Bitcoin's halving is happening very soon

a year from can not be considered "very soon". and because of that i don't think we can talk about this bull run and associate it with the upcoming halving

I agree, people are aware of the halving but its not a reason now to act
On trading.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: bobsav2121 on June 25, 2019, 09:49:13 AM

I feel like Facebook's libra has a lot to do with this bull-run. They are getting institutional investors to look at crypto.

On the contrary I don't think Facebook Libra has that LOTS to do with this bull-run. Though it opens up cryptocurrency to masses, but one thing they are not advertising Bitcoin but their own Libra coins. As far as institution is involved, I think they are already aware of Bitcoin even before facebook get involve with blockchain and cryptocurrency thing. I believe the surge in price has something to do with this :

Quote from: batang_bitcoin on June 25, 2019, 01:30:28 PM

The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.
Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

Jating

hero member

Activity: 2842

Merit: 772

Quote from: batang_bitcoin on June 25, 2019, 01:30:28 PM

The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

btctaipei

member

Activity: 141

Merit: 62

I would say bull run was created by institutional player whom had quietly bought back at 3000 level.

as far as when bull run will end I'd say it would end within 2 .. 3 weeks from capacity saturates to a point where segwit could no longer getting 2 confirmation within an hr. with 0.001 btc fee paid to miner to process an average sized transaction (200 - 300 bytes)

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: WinslowIII on June 25, 2019, 11:30:47 AM

Nobody has mentioned what the miners are doing with new coins. Maybe they have finally wised up and are hoarding all but those to cover electricity costs, because they see that in a year they will be getting half of the current rewards.

Or they are wise enough to shift to Bitcoin again, dropping either BCH or BSV and re-investing their hardware to just mine Bitcoin only.

Quote from: timcook on June 25, 2019, 09:12:20 AM

Most altcoins are underperforming.

Well it only makes sense to go bull Bitcoin at this time, however, there are few altcoins, specially in the top 10 who are also doing great. They are still far from their previous all-time-highs, but most likely in the next couple of months, they could break the 50% barrier.

Quote from: timcook on June 25, 2019, 09:12:20 AM

Institutional investors are starting to get really interested

Institutional money has been in the ecosystem for years, maybe they are just pouring more money right now.

Quote from: timcook on June 25, 2019, 09:12:20 AM

Bitcoin's halving is happening very soon

Investors are wise enough to have been accumulating when the price is at the 4 digit mark. But this event could really be the final catalyst for a massive run, but it should happen after the block halving.

WinslowIII

member

Activity: 308

Merit: 35

Nobody has mentioned what the miners are doing with new coins. Maybe they have finally wised up and are hoarding all but those to cover electricity costs, because they see that in a year they will be getting half of the current rewards.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

What did they do to that site? Its not as popular as the cointele but its full of popups. The bulls are here I guess is because we been in the bottom and its time to go up. Facebook seem to have speed up the process because of the Libra announcement.

Some speculations says this 11K is just a little pump, price could go up to 60K they said. But what I'm more interested is the altcoin bullrun though.

Quote from: Youghoor on June 25, 2019, 10:00:57 AM

What do you mean by saying altcoins are underperforming?? In my personal experience, altcoins are performing as equally as Bitcoin considering the patterns in the increase of most altcoins between the month of January to June now. If you can't see this, then you haven't really considered the entire altcoin market.....

There were left untouch some coins stay as is.

Topic: Bitcoin's Bull-run fully explained (Read 351 times)