Topic: G20 Summit can make a trend reversal? - page 4. (Read 734 times)
It will definetely affect the price but I do not think it is very important for long term holders. Even irrelavant news cause price to move with speculation. This market is still very little either with regulations or not it will grow
What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
The issues on regulatory has curse more damage on bit coin and blockchain technology than any other issues. If governments can change the ways they attacked bitcoin and look at the way they can used bitcoin in other to benefit their society it will be better. If we tried to follow the desired of the bankers who see bitcoin as enemy we would miss the potential of what bitcoin stand for. Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
Probably we will experience a fake pump today and tomorrow and then G8 summit will happen. I expect those rets. to come up with one poor/negative decision about btc and price can slip really low. Those G8 participants definitely won't praise crypto..... so storm is coming.
I feel like it will turn out like during the SEC hearings a few months ago. Everything dumped before the SEC hearings and then after that we will have a bull run.
For the moment good news came out: no further regulation to be added on cryptocurrencies since "crypto-assets do not pose risks to global financial stability at this time"
https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF
Hopefully, it will start a trend reversal indeed
https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF
Hopefully, it will start a trend reversal indeed
I think we are seeing this short pump because of positive news from G20 summit. But I don't think it's a trend reversal. We are we down from the king trend line to achieve this. 2 times we failed to break and trade above the trendline so this time we need huge amount of volume else same story all over again.
Hm i'm not think that this trend brake all anything haw impact in crypts . This is not like Forex or other stuff when you can predict with long term.
I think we are seeing this short pump because of positive news from G20 summit. But I don't think it's a trend reversal. We are we down from the king trend line to achieve this. 2 times we failed to break and trade above the trendline so this time we need huge amount of volume else same story all over again.
What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
I certainly hope that by the end of this year majority of the countries recognize crypto currency as a legal investment and stop banning them.once they come up with clear lilicss then the institutions will jump in hard Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
It will definitely make a trend reversal, this summit isn't that important comparing to summit being held in may. Now they will discuss a bit possible options, but final solution will be on a next summit I guess
For what I read they don't care with less than 1 percent of global GDP. So wait for the next G20..
What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
If they make a positive statement about good regulation, it will make the trend positive too. But I'm not so optimistic about bunch of bureaucrats who just want more taxes for them.
Bitcoin has nothing to do with this g20 or any goverment. But the news about btc in g20 will only be a momentum to pump or dump bitcoin so whale can get profit from this news. Actual price determine by mining cost. No one want to sell it cheaper then mining cost as long as btc transaction is still high. Look at the chart of transaction per day. It is increasing and if all nodes approve segwit and we can lower the price we will see volume of transactions increase again everyday. Thats the real analyze and fundamental analyze for long term holder.
Although crypto is a decentralized business and the world news should not effect it but what we have seen is that at the moment crypto is manipulated big time by the use of media and news. I hope it will change in the near future.
What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...
https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/
I think the effect of outside news is exaggerated. The main reason for market fall these last couple of months is just that the December rise was too high and was unsustainable. Today we are seeing a second supporting bounceback around the same low we had in Feb. I don't think that it is mostly due to good/bad news, I think it is mostly whole market confidence in response to the rise in December and the subsequent fall.
I actually consider that they will talk for cryptocurrencies, basically they will talk about regulations. I really didn't understand latest huge dump on that low prices at all. Market is very weird nowadays. Ethere is too cheap btw.
Well, my prediction is that this dump was arranged specially before summit, like previous one, in February. And market will rise for 30-40 %, then there will be a flat during April and afterwards we will see another dump, even lower just before summit in may.
I don't think dumps and pumps are exclusively related to these summits...
GOOD NEWS! They just said that crypto are not a risk for the world' economy. They also said that they will focus on the existing laws instead of creating new ones.
https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum
https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum
LOl what did you expected?
That this G20 wil say no to crypto? that would make G20 countries economic strength to be behind other 100 countries that would say yes to crypto. I really dont get why on earth would anyone be worried what wil any country sa about crypto. Yes all of them and we also should smash all scams. ASAP. Premines, ICOs, instamines, ...
The Financial Stability Board (FSB), which coordinates financial regulation for G20 countries, on Sunday rejected some cryptographic rules issued by some countries, such as Bitcoin.
The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.
"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .
The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.
"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .
So in this case, whether they are positive about the cryptocurrency. This news makes more comfortable about the decision they are going to take, but crypto market are now mainly based on news and it is effecting the cryptocurrency.
This news is a good start for cryptos next rally. If nothing negative comes out of the G20 on Monday/Tuesday, then this rally should continue higher.
The Financial Stability Board (FSB), which coordinates financial regulation for G20 countries, on Sunday rejected some cryptographic rules issued by some countries, such as Bitcoin.
The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.
"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .
The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.
"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .
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