Topic: Bloomberg report Bull run (Read 663 times)
If price is low, it's the lower scale miners that would likely be the ones liquidating or shutting off their equipment. Larger scale operations can absorb the costs. There's also the difficulty decrease to take into consideration as well, as it will making mining more profitable. It will balance itself out.
But if the reward for miners is 6.25 BTC per block after the halving, surely their opex, capex production costs (electricity, hardware etc) are the same, and they're not going to sell their mined BTC at the same price? Long term this can't be sustainable and will lead to price increase, not immediately, but over several months.
History doesn't repeat itself, but it often rhymes...
History doesn't repeat itself, but it often rhymes...
That's the idea, but there is an alternative: falling prices force those miners to eventually liquidate their businesses and sell their coins. Can't run at a loss forever.
I'm not too worried about it. We should keep in mind that many large scale miners have much lower electricity costs, better access to new gear and next generation chips, and so on. $7,000 or whatever they say is "the average cost" of mining a BTC is not representative across the industry at all.
But if the reward for miners is 6.25 BTC per block after the halving, surely their opex, capex production costs (electricity, hardware etc) are the same, and they're not going to sell their mined BTC at the same price? Long term this can't be sustainable and will lead to price increase, not immediately, but over several months.
History doesn't repeat itself, but it often rhymes...
History doesn't repeat itself, but it often rhymes...
The general retail market will probably ONLY buy bitcoin if they see it break the ATH.
-snip-
-snip-
That's what happened after BTC broke the 2013 ATH in early 2017.
The second halving was around July 2016, followed by ATH being tested and breaking consistently over a few months time-frame during early 2017.
If the previous 2017 ATH breaks in early 2021 followed by consistent higher highs and higher lows, this will highly likely lead to another ATH towards the end of 2021.
well so far the trend is very similar to the previous halving trend which some are usually referring to it as the "cycle". we had the big bubble in 2017 the same way as 2013 and it popped just the same with surprisingly the same size of follow up drop (87.5% versus 81%). the recovery of that reverse-bubble was also the same with a 200% rise within the follow up year in both "cycles". we had the COVID market panic/manipulation otherwise right now we would have been in the same mini bubble caused by the halving like last time followed by a pop and the rest.
This is how a speech of a certain person with high personality and known globally affect the market. It gives influence to the listener and of course, they will show sympathy for it. That was a marketing talk and I know people will follow if someone says like that (that was before). It is so much that, people are now learning from their mistakes last 2017. They are more cautious in buying today and they are also observing the market movement.
Maybe Bullrun is only just hopes this time because we look at the trend, resistance, and market support are not strong enough to make that possible.
Maybe Bullrun is only just hopes this time because we look at the trend, resistance, and market support are not strong enough to make that possible.
If the previous 2017 ATH breaks in early 2021 followed by consistent higher highs and higher lows, this will highly likely lead to another ATH towards the end of 2021.
But trends in the past don't automatically happen in the future.
What people are thinking now is that halving means bull run, so they are expecting that the market will be bullish now since the bull run is coming.
Also, with some hype that is normal in crypto, halving is a big event so it deserve to be hype and I think we had seen that from the start of the year and this month as well.
The general retail market will probably ONLY buy bitcoin if they see it break the ATH.
-snip-
-snip-
That's what happened after BTC broke the 2013 ATH in early 2017.
The second halving was around July 2016, followed by ATH being tested and breaking consistently over a few months time-frame during early 2017.
If the previous 2017 ATH breaks in early 2021 followed by consistent higher highs and higher lows, this will highly likely lead to another ATH towards the end of 2021.
Just like CNBC, but what does it have to do with the accuracy of their predictions? We trust them with some statistics and numbers, but they are often wrong, not because the numbers are wrong or because they want to misinform their viewers. They are wrong because they follow the mainstream attitude.
In 2015 and early 2016 they all were skeptical and predicted lower lows fort Bitcoin. In 2017 they hyped people up when we were near 20k, and so on... They always tend to be overly negative in bear markets an positive in bull markets.
Also, it's funny how the media can describe a drop followed by a recovery as a bull run. If something falls down 50% and then goes back to the price it had before the sell-off, it's just recovering after a drop, not experiencing a bull run.
In 2015 and early 2016 they all were skeptical and predicted lower lows fort Bitcoin. In 2017 they hyped people up when we were near 20k, and so on... They always tend to be overly negative in bear markets an positive in bull markets.
Also, it's funny how the media can describe a drop followed by a recovery as a bull run. If something falls down 50% and then goes back to the price it had before the sell-off, it's just recovering after a drop, not experiencing a bull run.
Wish I could find it but there was a golden post maybe a year or two ago in here, tracking what happened if you went into the market doing exactly the opposite of some of these experts from CNBC. Hilarious and not entirely accurate, actually, without stop loss, if you followed every single trade of these experts, you'd have made money at some point during the bull run, but every buy order almost just lost everyone everything.
And yeah, everything's bullish now. Laughable to see people talk about massive bull runs when we're still barely at 30% of ATH. Short memories, people have.
Born From the Financial Crisis, Bitcoin Maturation Accelerating
But it is not the same. This one is a pandemic not something like 2008.
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Suddenly inserting Libra to the statement? Are they now shareholders of it?
I don't think so. They will just create their own coin rather than letting Suckerberg control the financial industry.
I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction
These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).
I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.
Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.
I looks like the media hype is effective, bitcoin is quite bullish right now, it's going to $8K, and believe me, once it reach at that level, more news will come out regarding bitcoin to be bullish going to the halving and this year.
I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction
These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).
I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.
Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.
I looks like the media hype is effective, bitcoin is quite bullish right now, it's going to $8K, and believe me, once it reach at that level, more news will come out regarding bitcoin to be bullish going to the halving and this year.
I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction
These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).
I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.
Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.
It seems to me that it is worth paying attention to a study that showed a negative attitude of the media to cryptocurrency. For almost 5 years, the leading media spoke very poorly about the cryptocurrency and the entire cryptocurrency market, including bitcoin. interesting is the fact that when cryptocurrency prices showed very good results, very few publications were interested in this fact. An example is the period of 2017, when the bullish run of the cryptocurrency market was not covered in the media. But as soon as the prices for cryptocurrency began to fall, then some kind of madness immediately started happening in the media and a lot of negative statements about cryptocurrency appeared. the impression is that someone is benefiting from all these actions and a negative attitude in society towards people’s cryptocurrency is specially created, including bitcoin.
Should we have to expect for a Bullrun? I know there is a chance but since the pandemic still at its peak, I have to think less about this.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.
What I would really expect from this halving is just a price recovery to the levels we had at the beginning of the year. Some may have forgotten, but the start of this year was one of the most successful in BTC history, but then only a few could predict what would happen in the coming months. The media takes every opportunity to try to be some kind of prophet when it comes to profit, and it has become quite normal for no one to blame them when they completely miss the target.
Last year they tried to bury Bitcoin with FB Libra, highlighting the project as "Bitcoin killer", but what to expect from average journalists or those writing what their editors order? Only a few conspiracy theorists who constantly predict Bitcoin's demise do not want a bull run to happen, but will it only happen because Bloomberg wrote it and many others will rewrite it?
It should be remembered that all influential media are owned by several powerful global corporations, and they used them to create public opinions. There's an old saying : Calamus gladium semper vincit (The pen is mightier than the sword).
I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction
These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).
I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.
I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction
I doubt it will happen, think about it right now we are all staying at home and there are millions of people who are on unpaid leave from their work and out of money, there are millions of people who got fired, there are millions of business' who closed their places either temporarily or they actually bankrupted and closed forever, basically everything is looking like it will suck for a while, and unless we actually get better we are not going to recover from it neither or at least it will take years before we can.
Hence, I think the bull run could maybe happen but I am sure it will be short lived, eventually in a year or so I am expecting a big drop when people realize the real calamity of the situation, when people start dying from hunger you will see the real situation.
Hence, I think the bull run could maybe happen but I am sure it will be short lived, eventually in a year or so I am expecting a big drop when people realize the real calamity of the situation, when people start dying from hunger you will see the real situation.
I'm sorry, but all of those bullet points sound like complete gobbledygook to me, and my guess is they're intended to confuse and/or mislead investors--just like most crap coming out of investment firms.
When this kind of news comes, a positive situation is created. As a result, more new investors are likely to come.
No it isn't, and no they're not. Don't believe everything you read without first viewing it through the lens of a hardened skeptic. If you don't already have such a lens, you'll develop one the longer you're into bitcoin and the more nonsense like this you read. The general retail market will probably ONLY buy bitcoin if they see it break the ATH.
^ This.
Bitcoin only moves into an exponential bull run once it passes its ATH from the previous market cycle. That's because it is only at that point that the people who said "oh bitcoin crashed it will disappear now", which is most people, will suddenly realize that oh bitcoin didn't go away and its more popular than ever. This is what fuels huge bull runs - suddenly tons of people realize Bitcoin is still alive and thriving and they can make a bunch of money from it if they get in now!
Also, to the OP, I wouldn't make any decisions based on some article written by someone saying a bull run is about to happen. Yeah sure the next huge bull run is likely to happen over the next couple of years after the halving, but don't think there's a bull run just because someone wrote in an article about it. Anybody can write an article. There are plenty of articles saying Bitcoin is about to explode, and plenty of articles recently saying Bitcoin is head down lower than the bottom of the market from this market cycle (2018). Don't believe any of them. DYOR.
This kind of news or report makes many people suffer to huge losses because of the hype, even thr information came from bloomberg or any trusted media about all types of financial market; we should not easily believe on what will they say. They are just human like us who just making speculation and predictions to hype others. For those who will believe to them, be prepared on the losses that ksy incur. Our decisions should base on our understanding and not came from other people, organizations or institutions.
we all know bloomberg is a legit source of news so i dont think people will doubt on this one . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it . we cant judge those people because they are only thinking the bad effects of covid right now . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run . anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced .
Bloomberg is a trusted source but no one knows the future. You can predict a bull run or a bear market but you cannot be 100% sure what will happen in future. I do believe that we have seen enough of bear market and sooner or later , its a time for the bull run.
Just like CNBC, but what does it have to do with the accuracy of their predictions? We trust them with some statistics and numbers, but they are often wrong, not because the numbers are wrong or because they want to misinform their viewers. They are wrong because they follow the mainstream attitude.
In 2015 and early 2016 they all were skeptical and predicted lower lows fort Bitcoin. In 2017 they hyped people up when we were near 20k, and so on... They always tend to be overly negative in bear markets an positive in bull markets.
Also, it's funny how the media can describe a drop followed by a recovery as a bull run. If something falls down 50% and then goes back to the price it had before the sell-off, it's just recovering after a drop, not experiencing a bull run.
we all know bloomberg is a legit source of news so i dont think people will doubt on this one . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it . we cant judge those people because they are only thinking the bad effects of covid right now . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run . anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced .
Bloomberg is a trusted source but no one knows the future. You can predict a bull run or a bear market but you cannot be 100% sure what will happen in future. I do believe that we have seen enough of bear market and sooner or later , its a time for the bull run.
Should we have to expect for a Bullrun? I know there is a chance but since the pandemic still at its peak, I have to think less about this.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.
we all know bloomberg is a legit source of news so i dont think people will doubt on this one . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it . we cant judge those people because they are only thinking the bad effects of covid right now . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run . anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced .
Of course they are a legit source, however, what we read is just a report, a report says bitcoin will have its bull run and that does not mean it will happen.
We trust them because they got names but many times, analyst also made mistakes in predicting the future of bitcoin.
One example can be Oil. There have been tons of USO stocks purchased in the last month or so. Because retail people think, "it must go up!" however its a contango and doesn't work well in bear markets and doesn't fully track the price of oil.
Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.
Hence with bitcoin, they will buy when its too late.
Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.
Hence with bitcoin, they will buy when its too late.
When is "too late?" Asking for a friend.
Sentiment is getting pretty bullish. Bloomberg is clearly bullish. I'm seeing lots of mentions of the halving and stimulus checks as bullish catalysts. Bitmex funding rates have been positive for the last couple days, futures spreads are positive, and Bitfinex longs are up 23% over the past 2 days. We're close to closing the 6th weekly green candle in a row.
Where do you see this turning around?
we all know bloomberg is a legit source of news so i dont think people will doubt on this one . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it . we cant judge those people because they are only thinking the bad effects of covid right now . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run . anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced .
I'd have hoped to say Bitcoin's already matured. Adoption is probably accelerating, but I think the network's survived enough attacks and crises to be called mature now.
It was only invented 11 years ago. And we still see horrible bugs or vulnerabilities from time to time.
How fast is it reasonable to expect acceptance by mainstream, traditional investors? I would have assumed quite a lot longer than 11 years. Of course, by the time pension funds are willing to consider BTC, it will probably be trading at 6 figures USD. That's the payoff of being an early adopter of a speculative (immature) asset.
Ah we're talking about different things maybe. I referred to maturity of the network, but yeah I agree, it's immature as an asset or currency.
We'll always continue to see horrible bugs and vulnerabilities, the likelihood's simply too high for that not to happen. Last year Visa still had a big bug discovered. Fiat's bugs continue to prevail. A system isn't mature when it has no more bugs to discover, it is when it is in little danger of failing when bugs are discovered, to me anyway;)
Mainstream adoption? Oh I've always said we're far, far away from what people would like to believe. I'm Bitcoin all the way, but outside the developed world, visible Bitcoin adoption is at least a decade away -- but that's one big reason why I still think it's hardly late at all to "get into it" one.
I know it's a bit vain to say we're early adopters but relatively speaking, when we're decades away from seeing things priced in btc instead of usd, we really are. Great feeling, isn't it?
This is probably a view when taking into account that a sharp drop was what happened in March, not a gradual drop. This probably lead to the idea of Bitcoin slowly gaining attraction to the masses throughout this period, especially since it's at its lowest taking into account this year. Additionally, when compared to the stock market and gold, Bitcoin growth could be seen as one of the most captivating one, and one that also leads to quite exponential growth at times.
Still, it's just an idea of Bitcoin starting to mature. Starting is the keyword, and it might actually take decades before it actually matures fully. There would be various competitors along the way I'm sure since there are a lot of people that recognize the value of Bitcoin and they know that if they could exceed its reputation, their project would become an instant hit.
Still, it's just an idea of Bitcoin starting to mature. Starting is the keyword, and it might actually take decades before it actually matures fully. There would be various competitors along the way I'm sure since there are a lot of people that recognize the value of Bitcoin and they know that if they could exceed its reputation, their project would become an instant hit.
The general retail market will probably ONLY buy bitcoin if they see it break the ATH. Right now most retail traders are all buying (or shorting) the wrong assets.
One example can be Oil. There have been tons of USO stocks purchased in the last month or so. Because retail people think, "it must go up!" however its a contango and doesn't work well in bear markets and doesn't fully track the price of oil.
Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.
Hence with bitcoin, they will buy when its too late.
One example can be Oil. There have been tons of USO stocks purchased in the last month or so. Because retail people think, "it must go up!" however its a contango and doesn't work well in bear markets and doesn't fully track the price of oil.
Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.
Hence with bitcoin, they will buy when its too late.
Bloomberg has always been positive against bitcoin, I am starting to consider maybe the former mayor actually owns a lot of Bitcoin who knows, dude made all of his money thanks to selling a software to wall street, so I am not going to rule out them being financially aware of all the new things that are coming up, dude probably has a data collection that shows what is going up and down and getting interest or losing interest, all the financial information and data you could ever dream of just at the tip of his hands.
This means maybe when bitcoin started to get some attention dude might have bought a lot of it and told his people to pump up great news about bitcoin all the time so that the price would be affected greatly from the promotion Bloomberg gives it.
This means maybe when bitcoin started to get some attention dude might have bought a lot of it and told his people to pump up great news about bitcoin all the time so that the price would be affected greatly from the promotion Bloomberg gives it.
Is he known for being a micromanager? Because if he isn't then one person's views (the author of the report) don't necessarily have to be the same as those of his employer. He's at best somewhere between neutral and skeptical about Bitcoin, he called for more regulation after all:
https://content.mikebloomberg.com/Mike+Bloomberg+2020+Financial+Reform+Policy.pdf
Some of his other ideas could help with Bitcoin adoption by making it easier to handle fiat (see his thoughts on AML/CTF regulations).
Overly-positive report, I should say, though not that positive to the point that it seems someone who wrote thee article is paid with goods amount of bitcoin to write the review.
My views are somewhat divided on this particular thing. It's only during this pandemic that bitcoin showed dominance over the stock markets. I might be reading the data wrong but the stock market was in a good shape prior to this pandemic.
I'm still keen to know whether bitcoin futures really affect the actual bitcoin markets at large. Past hype over bitcoin futures may have done a few substantial push to bitcoin but that's just because there were hype surrounding it and not the actual futures market which moved bitcoin to ATH back in 2017.
Uh, no. Libra has already had its death sentence stated. I don't even think people will still bite into it after multiple companies have already abandoned ship even with the Fed backing it like crazy.
The transition will be a slow one considering that bitcoin's market doesn't appeal much to the masses or the traditional investor just yet, but it's getting there at least.
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
My views are somewhat divided on this particular thing. It's only during this pandemic that bitcoin showed dominance over the stock markets. I might be reading the data wrong but the stock market was in a good shape prior to this pandemic.
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
I'm still keen to know whether bitcoin futures really affect the actual bitcoin markets at large. Past hype over bitcoin futures may have done a few substantial push to bitcoin but that's just because there were hype surrounding it and not the actual futures market which moved bitcoin to ATH back in 2017.
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Uh, no. Libra has already had its death sentence stated. I don't even think people will still bite into it after multiple companies have already abandoned ship even with the Fed backing it like crazy.
"This year marks a key test for Bitcoin's transition toward a
quasi-currency like gold, and we expect it to pass.
quasi-currency like gold, and we expect it to pass.
The transition will be a slow one considering that bitcoin's market doesn't appeal much to the masses or the traditional investor just yet, but it's getting there at least.
Born From the Financial Crisis, Bitcoin Maturation Accelerating
Yes, but I think we are far from being mature, heck I don't know if the market will really mature as this is one speculative asset.
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
I thought that there are no correlations?
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
As far as I can remember, bitcoin futures has been in the market since 2017 and it just added to the total manipulation of the market.
Bitcoin and Gold Showing Convergence With Endurance
We really can't compare them, Gold has been tested already, again, bitcoin is still in it's infancy.
Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Covid-19 is one factor though that really shake up not just crypto but the whole traditional market.
But yes, we still have the block halving, so I will remain bullish!
Very positive, as usual. I think they are being a tad short-sighted trying to extrapolate long term conclusions like this from short term asset correlations, but I won't complain if they want to compare BTC and gold.
It was only invented 11 years ago. And we still see horrible bugs or vulnerabilities from time to time.
How fast is it reasonable to expect acceptance by mainstream, traditional investors? I would have assumed quite a lot longer than 11 years. Of course, by the time pension funds are willing to consider BTC, it will probably be trading at 6 figures USD. That's the payoff of being an early adopter of a speculative (immature) asset.
I'd have hoped to say Bitcoin's already matured. Adoption is probably accelerating, but I think the network's survived enough attacks and crises to be called mature now.
It was only invented 11 years ago. And we still see horrible bugs or vulnerabilities from time to time.
How fast is it reasonable to expect acceptance by mainstream, traditional investors? I would have assumed quite a lot longer than 11 years. Of course, by the time pension funds are willing to consider BTC, it will probably be trading at 6 figures USD. That's the payoff of being an early adopter of a speculative (immature) asset.
When this kind of news comes, a positive situation is created. As a result, more new investors are likely to come. Everyone is waiting to see a bitcoin bull run. There was a lot of positive news even before the bitcoin dump in March, everyone thought a huge bull run would come. But everything went negative in the panic of the corona virus. I don't think the situation is completely normal yet. But now there is a big opportunity for Bitcoin, because all the markets have collapsed and investors are looking for safe assets. Lots of new investors can come to the Bitcoin market at this time. Which could cause a bull run in the bitcoin market.
Born From the Financial Crisis, Bitcoin Maturation Accelerating
- I'd have hoped to say Bitcoin's already matured. Adoption is probably accelerating, but I think the network's survived enough attacks and crises to be called mature now.
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
Not sure Bitcoin's ever going to be gold-like in the near future, and not sure I want it to be like it either. I think a couple more halvings for sure, when it's only 1.56 per block, so in another 8 years or so.
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
OK we're really scraping the barrel here. Bull Calf? What was 2017?
Bitcoin and Gold Showing Convergence With Endurance
That's a lot of gold comparisons
Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Any comparison to Covid and Bitcoin has to be at best tenuous, at worst, tasteless. But that's just me.
- I'd have hoped to say Bitcoin's already matured. Adoption is probably accelerating, but I think the network's survived enough attacks and crises to be called mature now.
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
Not sure Bitcoin's ever going to be gold-like in the near future, and not sure I want it to be like it either. I think a couple more halvings for sure, when it's only 1.56 per block, so in another 8 years or so.
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
OK we're really scraping the barrel here. Bull Calf? What was 2017?
Bitcoin and Gold Showing Convergence With Endurance
That's a lot of gold comparisons
Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
Any comparison to Covid and Bitcoin has to be at best tenuous, at worst, tasteless. But that's just me.
This is really a good news as more and more such affirmed news if comes in the market during this turmoil time many big investors will switch to crypto and will buy it results in higher demand and prices will start to pick up again. Hoping that people are buying before it becomes late for them and prices reach new levels.
Yes, this a good news however, I think the market need another retracement movement and and fall again before a new pump So i believe the market is on the dangerous phase.
But still after the recent pump many investors started to come back to the crypto world and it's a positive news too.
Another positive news and article can be the recent published article from Bloomberg which can be a positive new and take a little effect too.
I also look to see the bull run. From indication so far, the cryptocurrency is doing good despite prediction of fall it has been more strong indication for bull. It has the possibility as covid-19 incident starts going down in Europe. Is time for buying more.
This is really a good news as more and more such affirmed news if comes in the market during this turmoil time many big investors will switch to crypto and will buy it results in higher demand and prices will start to pick up again. Hoping that people are buying before it becomes late for them and prices reach new levels.
Well, reporting a bull run for bitcoin is somehow an advantage for investors it perhaps attracts others because it will show stability of bitcoin we may also consider as another option to have a safer investment during this period of economic recession. Though the economic recession may also affect the value of bitcoin perhaps a little not to the point where we going to lose everything. This report can give other people the idea that bitcoin and cryptocurrency as a safe haven. Indeed, no wonder in the future bitcoin will become a global currency.
People would actually believe what they watch in TV, well, hopefully we will see a bull run but I tell you, I am also ready if the price will dump.
Looking at the movement of bitcoin now, I can really tell that we are doing well, in fact, today, another small bullish run and hopefully it will start to step on $8,000 prior to the halving schedule.
Looking at the movement of bitcoin now, I can really tell that we are doing well, in fact, today, another small bullish run and hopefully it will start to step on $8,000 prior to the halving schedule.
Yes, many people bellieve what they see and hear on TV so they might fall for this. However, we are not having bull run, not yet. Such a small decline in price, although positr, can't be called bull run and it's yet to see if the positive trend will continue or it's just a question of the moment.
There's an opposite reaction whenever we hear and see a media company telling its viewers how bullish they were late back on 2018. The reaction of some people during those times was negative because it's truly what's happening, the opposite.
But I think we can give them some chance this time because of the situation. There's sense to the points that they have mentioned and it's what we really are looking forward for this year and up to the next because of halving. And now, that there's helicopter money, it added more excitement.
But I think we can give them some chance this time because of the situation. There's sense to the points that they have mentioned and it's what we really are looking forward for this year and up to the next because of halving. And now, that there's helicopter money, it added more excitement.
I also look to see the bull run. From indication so far, the cryptocurrency is doing good despite prediction of fall it has been more strong indication for bull. It has the possibility as covid-19 incident starts going down in Europe. Is time for buying more.
We need more global media that is bullish with bitcoin, this would help to attract investors, and I appreciate what they are doing, whether the real is transparent or bias. If indeed there is a bull run this year, for sure the hype will continue to grow as many media firms will participate, just like the old days, bitcoin is all over the news.
I'm a little excited.
I'm a little excited.
Bloomberg has always been positive against bitcoin, I am starting to consider maybe the former mayor actually owns a lot of Bitcoin who knows, dude made all of his money thanks to selling a software to wall street, so I am not going to rule out them being financially aware of all the new things that are coming up, dude probably has a data collection that shows what is going up and down and getting interest or losing interest, all the financial information and data you could ever dream of just at the tip of his hands.
This means maybe when bitcoin started to get some attention dude might have bought a lot of it and told his people to pump up great news about bitcoin all the time so that the price would be affected greatly from the promotion Bloomberg gives it.
This means maybe when bitcoin started to get some attention dude might have bought a lot of it and told his people to pump up great news about bitcoin all the time so that the price would be affected greatly from the promotion Bloomberg gives it.
The strong upward movement in the market is really good to see, when the market went to its low before few days people were very upset and most probably many of them were in disappointment. However now there is a lot of hope on bullrun also the halving will once again impress everyone, some interesting updates are suppose to come in few days guys just hold and wait.
People would actually believe what they watch in TV, well, hopefully we will see a bull run but I tell you, I am also ready if the price will dump.
Looking at the movement of bitcoin now, I can really tell that we are doing well, in fact, today, another small bullish run and hopefully it will start to step on $8,000 prior to the halving schedule.
Looking at the movement of bitcoin now, I can really tell that we are doing well, in fact, today, another small bullish run and hopefully it will start to step on $8,000 prior to the halving schedule.
Hmm, I wouldn't say that it is a bull-run, the whole bitcoin is a safe haven narrative has obviously been crushed when the price suddenly goes down last March. Although I like the sentiments though, but usually this kind of reports just shows media are just riding popularity, this time bitcoin and doesn't really knows the whole crypto economics. Next time they see the price went on a downward spiral, they will go and bashed it, tit-for-tat. So don't get excited seeing this reports, just saying.
The estimate was very positive, and perhaps the reason for such an evaluation is the views that the report tried to link directly between Bitcoin, gold, and stocks as the only way to speculate.
Market capacity remains low and cannot be compared to gold. There are also many financial alternatives that can replace BITCOIN when stocks weaken.
COVID-19 pandemic is still not over, so it is wrong to rate the month like this.
Quote
Bitcoin's relationship with gold is about
twice that of equities. Bitcoin's maturation process from
speculative appreciation toward a store-of-value mechanism
akin to gold should continue
twice that of equities. Bitcoin's maturation process from
speculative appreciation toward a store-of-value mechanism
akin to gold should continue
Market capacity remains low and cannot be compared to gold. There are also many financial alternatives that can replace BITCOIN when stocks weaken.
COVID-19 pandemic is still not over, so it is wrong to rate the month like this.
https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-April-2020.pdf
TLDR;
Born From the Financial Crisis, Bitcoin Maturation Accelerating
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
Bitcoin and Gold Showing Convergence With Endurance
Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
"This year marks a key test for Bitcoin's transition toward a
quasi-currency like gold, and we expect it to pass. Unlike the
stock-market reset but similar to gold's, Bitcoin had its
shakeout, stabilizing the foundation amid unprecedented
global monetary stimulus and increasing adoption".
TLDR;
Born From the Financial Crisis, Bitcoin Maturation Accelerating
Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
Bitcoin and Gold Showing Convergence With Endurance
Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit
"This year marks a key test for Bitcoin's transition toward a
quasi-currency like gold, and we expect it to pass. Unlike the
stock-market reset but similar to gold's, Bitcoin had its
shakeout, stabilizing the foundation amid unprecedented
global monetary stimulus and increasing adoption".
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