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Topic: BTC - Once Wall Street Enters You will Wish You Owned More! (Read 199 times)

full member
Activity: 378
Merit: 100
The bitcoin is predicted that it will hit 50k in this year and the market is moving to that side some of the bitcoin users have interested to transfer all their money into the bitcoin while the investors of the stock market are shifted to the crypto market so this is the good achievement of bitcoin that it grows more in the future .
sr. member
Activity: 1778
Merit: 305
I have long been writing how bitcoin will be haggling, but you believe in news articles  Grin

legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
Couldn't agree more we are ready for a full fledged boom everything is there at the moment.
But we just had a boom when we shot up to $20k--and naturally we had a correction that erased much of that gain.  I'm hoping for a nice, slow, steady rise to $20k and beyond.  Going up that high in less than a month was as breathtaking as it was unsustainable.  That kind of growth won't stick.  And where we're at now is just fine with me--a nice, healthy $8900 that still represents an impressive gain from where bitcoin was at in 2015.

I don't put much faith in TA, but I'd also say we're about ready for a spike upwards.
hero member
Activity: 1092
Merit: 501
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  Wink
The market is probably going to remain this way for some more weeks or months, I'm bullish for bitcoin in the long term since it will be almost impossible for the price to go down over the long term but in the short term I do not see many signals the price is going to recover that fast after all I do not see many positive news or developments that could push the price up.

I don't feel like the market needs much positive news right now and in fact I think just the fact that bitcoin is still being mentioned in many high level discussions is a positive sign.

Each time that bitcoin has a crash and recovers it will look better as an investment in peoples eyes as they'll trust more in the fact that it's not just a bubble.

I believe that if we have no negative news for a few months we will recover towards 20k without any real good news. 'No news is good news'
I do not see any kind of big recovery and this has been mostly because we have seen a significant amount of bad news that have affected the price negatively so while bitcoin is very strong at the same time it needs the support of the public not necessarily the media which is against it because as we know they are paid by the government to spread lies about it but it needs to support of the people of all of us and that support comes with good news.
member
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Merit: 10
MFG Token Sale - 1st of January
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  Wink
The market is probably going to remain this way for some more weeks or months, I'm bullish for bitcoin in the long term since it will be almost impossible for the price to go down over the long term but in the short term I do not see many signals the price is going to recover that fast after all I do not see many positive news or developments that could push the price up.

I don't feel like the market needs much positive news right now and in fact I think just the fact that bitcoin is still being mentioned in many high level discussions is a positive sign.

Each time that bitcoin has a crash and recovers it will look better as an investment in peoples eyes as they'll trust more in the fact that it's not just a bubble.

I believe that if we have no negative news for a few months we will recover towards 20k without any real good news. 'No news is good news'
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Wall Street is getting involved little by little, that's for sure. It started with the futures and now hedge funds are also diving in to the cryptomarket. No matter how much FUD bitcoin receives, there will always be genuine investors who aren't afraid on taking risks, which will net them postive gains over a period of time. The market is ripe for the picking, though only a handful dare to try picking up the fruits. 2018-2019 will be massive given that a solid baseline have been established and the bear's waning power continues to loosen its grip on the market.
hero member
Activity: 1092
Merit: 501
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  Wink
The market is probably going to remain this way for some more weeks or months, I'm bullish for bitcoin in the long term since it will be almost impossible for the price to go down over the long term but in the short term I do not see many signals the price is going to recover that fast after all I do not see many positive news or developments that could push the price up.
member
Activity: 81
Merit: 10
MFG Token Sale - 1st of January
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  Wink

I think that altcoins are largely the reason behind this, it's taking time for money to flow out of alts that were pumped to much too high levels in the recent months. Once they've returned to more normal levels the money can then begin to flow in to the stronger alts as well as bitcoin.

Couple that with uncertainty around bitcoin price and what's a true reflection of its value, along with where support levels are and we can see why things have been struggling.

On the wall street point. It's easy to say that we'll wish we owned more if there's a large influx of funds from wall street but similarly we could say we wish we owned less if that day never comes.
sr. member
Activity: 784
Merit: 257
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  Wink
newbie
Activity: 113
Merit: 0
Very good analysis. I do believe that btc will be around 9.5k-11.5k for long time before it can go to 15k$ range.
At the end of 2018 we can see 30k$.

https://cardse.net/i/2018/03/02/246c0510d894fa6f9f5707379496635b.png

Overview:
We remain bullish on Bitcoin'.

Technical:
Bitcoin' did not retest the 9977 level (0.618 retrace) which is indicative that though sentiment may be bearish , Bitcoineers are not. Support held at the 10339 level and currently have engulfing candle on the 12 hour. This is often a strong signal for a bullish reversal and seeing it happened at the 0.382 retrace of the recent bull swing it provide additional confirmation that we are likely to move higher. 11k is a level that psychologically needs to be broken and held to move higher. What is interesting is the more information we get the stronger our longer term target becomes. The 1.618 extension of the previous move lands us right in the middle of our longer term target level at 13098. This is the area I am looking for a completion of the current wave count and an area for a sign of a reversal.

Sentiment:
Market sentiment is neutral which where we are starting to see many analysts that were calling for 3k,5k and now 8k, simply trying to make a square block fit in a round hole. I still own my positions that I bought at 13700 13400 and 9700 from before the crash. My cost average is around 12k. Patience and not giving into impulses prevented us from selling at lower levels as the doom and gloomers were calling for lower levels. We were never swayed, and though we had the selloff (in my opinion due to the derivatives meltdown as I wrote about weeks ago) kept to our longer term perspective of the market and are longer term target of 21k.

Fundamental:
Bitcoin' users are expected to reach 200 million by 2024 and we are adding about 1 million new addresses a month. Of the 23+ million addresses about 3% of these are actively used every day. Now Ethereum' has passed Bitcoin' in new addresses with over 27 million addresses, but even with more addresses they have less active addresses then bitcoin' on any given day. Over 1/3 less. Comparing transactions over 18 billion dollars is sent daily compared to less than 1.5 billion dollars for Ethereum'. As demand increases and supply is limited the price is headed in one direction. UP!

Interesting parallel with gold'. Only about 1-2% of Americans own physical gold'. However over 10% have exposure to gold' through ETF’s and the derivatives market. Gold' like Bitcoin' is a pain to own physically. Once ETF’s enter the array of investment products this will bring more money into those wanting to hold Bitcoin' but do not want to hassle with it. They want to go onto Ameritrade and click buy this ETF . Done! Once wall street gets involved if you do not own you will wish you did.

Closing:
The longer term technical perspective is still strong for Bitcoin' and so is the fundamental perspective. Though many are claiming bitcoin' is not good for cash transactions the market clearly thinks differently. People think that fees and speed are what will determine transactions. This is partially true but for large transactions Bitcoin' is still the preferred method of money transfer. Add to this many people like myself simply buy and hold bitcoin' and the future is bright.

Regardless of the naysayers the facts speak different tune. Yes if you are all crypto all the time, then sure you may like other alt coins better. But the main stream investor sees name recognition and is not going to pour their hard earned money into Reddcoin. Seriously. For the nickle and dimers this is fine, but large institutions want security and that is found in bitcoin' PERIOD!

https://www.tradingview.com/chart/BTCUSD/XLpcSdOu-BTC-Once-Wall-Street-Enters-You-will-Wish-You-Owned-More/
full member
Activity: 364
Merit: 105
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
I think we actually saw a fair chunk of money come to market from wall street around December and that's what caused the frenzy we had. Of course there is no way to know for certain but I think that many wall street banks will have stronger ties to crypto than they're letting on.
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
Couldn't agree more we are ready for a full fledged boom everything is there at the moment. Nice breakdown analysis of what is happening in the markets, usually it is a jumbled hot mess.
sr. member
Activity: 882
Merit: 282
I don't think we really know the benefits of what is going to happen in future and were bitcoin is going to be in some years from now. Big market players has not gone in yet and we have not even started to used bitcoin  as currency yet. Bitcoin is not limited to what we are doing now that is we are using it as a mode of making money and it has not assume it responsibility as money and I do believe when the wall street guy beging to pump it, it will be growing exponentially.
Ctn
sr. member
Activity: 644
Merit: 259
Wish those 200 million people will get on board soon and they invest at least couple of thousand dollars each. That would be amazing to see how it will push the market cap of bitcoin and possibly other coins too.
Good analysis for the time being but we have no idea how we will leave the technical analysis in first place and how does the fundamental principles that you have applied will work. It's win win situation though and future can tell the right path.
full member
Activity: 213
Merit: 101


Overview:
We remain bullish on Bitcoin'.

Technical:
Bitcoin' did not retest the 9977 level (0.618 retrace) which is indicative that though sentiment may be bearish , Bitcoineers are not. Support held at the 10339 level and currently have engulfing candle on the 12 hour. This is often a strong signal for a bullish reversal and seeing it happened at the 0.382 retrace of the recent bull swing it provide additional confirmation that we are likely to move higher. 11k is a level that psychologically needs to be broken and held to move higher. What is interesting is the more information we get the stronger our longer term target becomes. The 1.618 extension of the previous move lands us right in the middle of our longer term target level at 13098. This is the area I am looking for a completion of the current wave count and an area for a sign of a reversal.

Sentiment:
Market sentiment is neutral which where we are starting to see many analysts that were calling for 3k,5k and now 8k, simply trying to make a square block fit in a round hole. I still own my positions that I bought at 13700 13400 and 9700 from before the crash. My cost average is around 12k. Patience and not giving into impulses prevented us from selling at lower levels as the doom and gloomers were calling for lower levels. We were never swayed, and though we had the selloff (in my opinion due to the derivatives meltdown as I wrote about weeks ago) kept to our longer term perspective of the market and are longer term target of 21k.

Fundamental:
Bitcoin' users are expected to reach 200 million by 2024 and we are adding about 1 million new addresses a month. Of the 23+ million addresses about 3% of these are actively used every day. Now Ethereum' has passed Bitcoin' in new addresses with over 27 million addresses, but even with more addresses they have less active addresses then bitcoin' on any given day. Over 1/3 less. Comparing transactions over 18 billion dollars is sent daily compared to less than 1.5 billion dollars for Ethereum'. As demand increases and supply is limited the price is headed in one direction. UP!

Interesting parallel with gold'. Only about 1-2% of Americans own physical gold'. However over 10% have exposure to gold' through ETF’s and the derivatives market. Gold' like Bitcoin' is a pain to own physically. Once ETF’s enter the array of investment products this will bring more money into those wanting to hold Bitcoin' but do not want to hassle with it. They want to go onto Ameritrade and click buy this ETF . Done! Once wall street gets involved if you do not own you will wish you did.

Closing:
The longer term technical perspective is still strong for Bitcoin' and so is the fundamental perspective. Though many are claiming bitcoin' is not good for cash transactions the market clearly thinks differently. People think that fees and speed are what will determine transactions. This is partially true but for large transactions Bitcoin' is still the preferred method of money transfer. Add to this many people like myself simply buy and hold bitcoin' and the future is bright.

Regardless of the naysayers the facts speak different tune. Yes if you are all crypto all the time, then sure you may like other alt coins better. But the main stream investor sees name recognition and is not going to pour their hard earned money into Reddcoin. Seriously. For the nickle and dimers this is fine, but large institutions want security and that is found in bitcoin' PERIOD!

https://www.tradingview.com/chart/BTCUSD/XLpcSdOu-BTC-Once-Wall-Street-Enters-You-will-Wish-You-Owned-More/
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