ETF and Bakkt will have effect, but BTC halving is the main deal.

Tony116

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

Strong argument, I have nothing against it. As well as in 2016 the real bullish trend has been started since the halving and there is no doubt - history will repeat itself.

bartusv

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In mid 2020 there would be two and half year of bearish market so it would be time for a bull run anyway if we look at
the history. I hope bulls arrive earlier and think that Bakkt will have positive impact on the market. If institutional investors
enter it the market can easily x10 in short period of time.

jupppo

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Yes I agree with you. And it have negative effect too. When SEC delays the starting date, the cryptomarket is falling. I would be better if they will be acccepted without any press in closed sessions.

Huskarls

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Quote from: chocopapaya on January 05, 2019, 04:48:58 PM

I think that making predictions based off of past events has become unreliable.
People predicted a bull run after consensus last march.
Historically that has always been a rallying point after the winter slump yet it didn't happen.

Then people were predicting an end of the year bull run because it has typically happened in the past.
Yet that didn't happen either.

Now I hear people saying 2019 will be bearish because last crash, the market stayed low for 2 years.

I think the fact is, the market is still too young to see any clear patterns.
Add to it that it is still a huge speculative market, there are so many unpredictable elements.

However, by 2020, the market should start showing signs of recover, btc halving or not.

yes I also think the same thing, because the crash (you could say for 1 year) will be very difficult to recover in 1 year too, we need more time and of course new investors. To be honest, now innovations and ideas from blockchain or crypto can no longer lift the current market. even 2020 can be considered still hoping too early, but most likely here is recovering from crypto

dominos

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

That's because people blindly look to the news. Even if Bakkt and ETF going live, their potential positive influence to the Bitcoin and alts prices will be in few months or even one year further.

none of us

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

i did not even think about the next halving of bitcoin... but it is true, 2020 is the time. i can well imagine that the halving will push the prices up again. i would not rely on eft and bakkt as a price push up.

winstonchurchillwar

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If I am not mistaken, the decision will be made in February. The market needs time and I think we will see a historic high by the end of the year. In 2020, there will be a very strong growth, I think since there will be a half of the reward for the block and bitcoins and they will become less.

terible.hunter

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Time will tell, but today all these considerations are constantly postponed, because everyone is waiting for a crisis that will come very soon. As soon as people realize that the crisis has already arrived, they will definitely start accepting ETF

arpon11

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

I really agree with you and halving is the next big thing. I believe that ETF or bakkt can only push bitcoin above $10,000 but to moon it has to be something that relate to the network and technology itself. I have seeing bitcoin making another big move in 2020 and I think before then bakkt and ETF must be dealt with.
I will advise the wise investor to start putting in money now as that is the best way we can makes a good trading decision. Bitcoin and others coins are extremely cheap now and I think this is the best time to take this advantage and be among the cryptocurrencies millionaires in future.

anobtc

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Almost every year we hear news about ETF or something like that, this year is BAKKT. I think it only plays a news role for the growth of the market, we should not expect it much.

qazgroup

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RiveMont

ETF approval can also be very very bullish event but i doubt that it will be approved soon but once approved btc is expected to fly really high, just checkout what happened to gold when its etf was approved and i think in case of btc the market will turn completely bullish in case of etf approval as btc market is way more volatile than commodities.

CryptoAlphaStar

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Can anyone explain the logic behind price surge after halving?
I am suspicious that this was more relevant to the years when the crypto ecosystem was dominated mostly by miners and their agenda was driving the prices.
I think now is a much bigger community and traders and whales play bigger role than those 2 times.

Avri Susanto

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speculation about Bakkt and ETF is over, it will only be a dream. the only chance for market growth is halving bitcoin. so a bull run will never happen before 2020. we will experience a long winter until the halving begins.

kindbtc

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I think your statement means that this year can be the year of recovery and the real parabolic bull run will come in 2020 after btc halving well it is yet to be seen i mean crypto is very volatile market so i will slightly disagree because i think bull run can happen even this year as it is just a matter of volume and adoption and according to stats the number of crypto users have doubled in last year so personally im bullish about crypto this year.

Omela44

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The next Bitcoin halving is hopefully the next impulse for a new bullrun. I have already read that a halving can bring the price up. Hopefully it will be this time too.

kentrolla

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Quote from: kaspabha on January 08, 2019, 11:20:52 AM

I am not sure about ETF approval soon. I think it will postpone again. Actually my only hope is bakkt. It can be a huge impact to the market. But we can not expect a bullrun as in earlier.

Every thing is confidential in Crypto market a lot of speculation are on both ETF and bakkt as there is a lot of hope that the market will recover for sure, I guess there is still opportunity left for the Investors as this is a right time to buy ETH and other coins If the ETF and bakkt launch announces its dates officially I am sure the market will soar up

kaspabha

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I am not sure about ETF approval soon. I think it will postpone again. Actually my only hope is bakkt. It can be a huge impact to the market. But we can not expect a bullrun as in earlier.

upsidedown75

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Halving is just a thing in peoples minds that will have effect on bitcoin but in reality it has nothing to do with the price. Miners will be capable of mining less bitcoins due to the amount decreasing however think about how much bitcoin dropped in the past 2 months. Normally two months ago price of mining bitcoin was about 5+ thousand dollars and that is why we kept saying bitcoin will not go under 5.8 thousand dollars since miners wouldn't sell their coins which would make price go up.

However, as soon as price went down miners kept on selling because difficulty started to drop and made the cost of mining a lot less. Which means even if halving drops their profits some of them (the rich ones) can keep on selling for cheap and make others (poors) stop mining and difficulty will drop which will make it profitable for rich ones again.

Geenstijl

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

I totally agree with you. I expect one more thing that can cause the bull run - global financial recession. I believe in this case BTC could become some kind of worldwide hedge asset and some part of worldwide economy will go to BTC market cap.

zhekinsp

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Quote from: odukoyaewatomi27 on January 05, 2019, 04:40:10 PM

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

They will just act as the catalyst,if the prices goes bullish means new money will start to flow into the market and it also will causes the prices of cryptos to increase gradually.

New all time high may attained if the adoption reaches new high.

Topic: ETF and Bakkt will have effect, but BTC halving is the main deal. (Read 380 times)