Topic: No bull market for 2019 (Read 16870 times)
I think that practically the majority of users of cryptocurrency are only observers and people who are waiting for a certain state of the cryptocurrency market. And all that is happening is the work of large whales and manipulators of the cryptocurrency market, which have always influenced pricing and will continue to do so.
Is this Tom Lee appearing in his delusional state again hehe.
In any case, his comment in the interview can become an incentive for him and his whale friends to pump the price to $10k and cause a Wall Street FOMO to $40k.
On a Binance podcast, the Fundstrat analyst claimed that $40,000 would be likely within a few months afterwards.
The host brought up Lee's recent comments about Wall Street FOMO, which could kick in after $10k. Lee claimed that "Bitcoin has to make people believe that it can achieve all-time high" in order to get institutions back in. He pointed out that it is currently at a price level that it has only been above for 5 percent of the days in its history.
Generally, FOMO hits when the price achieves a level it has seen 3 percent of the time. After the $10,000 level is reached, there could be a surge of 200-400 percent within the next 5 months.
Source https://www.chepicap.com/en/news/10373/tom-lee-btc-will-hit-40-000-if-it-can-break-10k.html
In any case, his comment in the interview can become an incentive for him and his whale friends to pump the price to $10k and cause a Wall Street FOMO to $40k.
On a Binance podcast, the Fundstrat analyst claimed that $40,000 would be likely within a few months afterwards.
The host brought up Lee's recent comments about Wall Street FOMO, which could kick in after $10k. Lee claimed that "Bitcoin has to make people believe that it can achieve all-time high" in order to get institutions back in. He pointed out that it is currently at a price level that it has only been above for 5 percent of the days in its history.
Generally, FOMO hits when the price achieves a level it has seen 3 percent of the time. After the $10,000 level is reached, there could be a surge of 200-400 percent within the next 5 months.
Source https://www.chepicap.com/en/news/10373/tom-lee-btc-will-hit-40-000-if-it-can-break-10k.html
Everyone are talking only about bull market will it come oe or not, are we having it now or not and whatelse. But instead to be so focused on predictions and expectations of bull market users should more focus on present situation and what market is currently offering, how profit could be made now. It makes no sense spending time just waiting for something that might or might not happen.
I totally agree with you.
Possible the most users that are in the market right now bought Bitcoin and cryptocurrencies when the prices were on ATH so they wait for the opportunity to cash out and equal their losses.
The price is growing as we push mass adoption and we create new users in the ecosystem, so probably when this is going to happen the price will more upwards as well.
I also do not strongly believe in the bullish breakthrough in 2019, which will be in 2017.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.
This is difficult to speculate as to what price of bitcoin were heading this year because of the volatility. Possible for bull run this year once more support on bitcoin to rise it’s price. A lot of things could happen this year it might go to the moon or the following year. There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.
Everyone are talking only about bull market will it come oe or not, are we having it now or not and whatelse. But instead to be so focused on predictions and expectations of bull market users should more focus on present situation and what market is currently offering, how profit could be made now. It makes no sense spending time just waiting for something that might or might not happen.
Looking at the present market price momentum we may expect the prices to touch 10000 dollars by next month every month btc price increasing to 25 percent growth in 2019 this is indication of bull market
Price is almost doubled since the beginning of this year, what you are saying that price will be tripled until the half of this year. To me that sounds like a "hard to happen" prediction, normally not impossible, with bitcoin price anything can happen in very short period. Lets wait to break $6k barrier, which can happen or not, if we break it I think we will go more higher, if price stops around here maybe we will see some little down trend and price dropping. Its up for weeks, my logic tells me to be careful now.
Looking at the present market price momentum we may expect the prices to touch 10000 dollars by next month every month btc price increasing to 25 percent growth in 2019 this is indication of bull market
Nah its a combination of the two, the technicals can indicate a price movement and the price continues to repeat regardless. It did this last autumn for a while and then actually the news of BTC SV seemed to trigger something along with the story of some guy selling BTC to fund his mining war and fork attempts. Silly stuff but the news matched the downturn more then the technicals which did not find the date especially but I guess did show weakness.
Its a combo of the two, caution from technicals is something reasonable and observable imo
Its a combo of the two, caution from technicals is something reasonable and observable imo
The bull market isn't the major concern. We still need more fundamentals before a bull market can occur. As for whether or not 2019 will be the year of the bull, that's up to institutional investors, and the halving for next year - if Bitcoin holders will continue to accumulate.
Most of the time that bitcoin has made surprising movements it was because of the technical setup and not some kind of fundamentals issues. Institutionalized investors are already in the market and many are a waiting for some technical setup in other to invest. I am a trader and I know how it feels to be in downwards trend but I think bitcoin is more of bullish trend now than last year.
The bull market isn't the major concern. We still need more fundamentals before a bull market can occur. As for whether or not 2019 will be the year of the bull, that's up to institutional investors, and the halving for next year - if Bitcoin holders will continue to accumulate.
Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.
Yes, I will agree with you that the price of bitcoin will continue to rise above it current value, there is no doubt that the market will run green throughout this year, but the force power we need to push the market into bull one may not really come to effect this year.We really need very large institutions and industries to really make great moves of investing in the system, and also, the very rich people we have will not just jump into crypto market without having full knowledge of what they are being introduced to, so all these may not really have any effect to force the market value up until 2020.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.
There is a part that takes note of it but for the gain seeker that bar will vanish when they see the green line jumping on the charts. On those moments fiat is flushing inn and can go very quick.
I also do not strongly believe in the bullish breakthrough in 2019, which will be in 2017.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.
Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.
Good for the market if price will continue to rise, we have seen bad days and therefore we now should look for good days. I'm not seeing this kind of movement last year, price movement last year was mostly down trend, and now we are seeing the opposite.
Let's hope it will continue and price will be better in the coming months, for me it's not about the development or the fundamentals, it's about the change of view of most in this year, the FUD is gone, we need some hype now this year.
Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.
It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019
It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .
Tom Lee also mentioned in a tweet that this will have a negative impact unless the purchasers of the IEO are new to the cryptospace. Also, as already reported, $600 million of the tokens have a ready been allocated to bitcoin whales and Asian venture capital firms.
How much of that investment is new money?
Dovey Wan, the founding partner of Primitive Ventures, revealed that Bitfinex was planning to raise $1 billion through the sale of company-branded crypto tokens through an on-platform initial coin offering, more commonly referred to as an IEO.
Per a document published by Chinese cryptocurrency investor Zhao Dong, first reported on by The Block, however, the IEO is entirely legit. As Wan revealed, Bitfinex does intend to sell $1 billion of the cryptocurrency. Funnily enough, however, Larry Cermak of The Block has said that $600 million of the funding round has already been allocated to private investors, reported to be industry insiders, Bitcoin whales, and Asian venture capital firms.
While this news seems to be independent of the broader cryptocurrency market, Tom Lee, Fundstrat’s head of research, has postulated that this $1 billion raise could actually be a negative price action catalyst for Bitcoin. The prominent commentator explains that $1 billion worth of new tokens will have a negative impact on BTC and other digital assets, as the market needs to “absorb” an influx of LEO tokens.
As Lee notes, “Bitcoin miners sell $7mm per day, so a $1 billion IEO is essentially 142 days worth of miner selling taking place in one day.”
Source https://www.newsbtc.com/2019/05/05/fundstrat-bitfinex-1b-ieo-raise-could-pressure-bitcoin-lower/
How much of that investment is new money?
Dovey Wan, the founding partner of Primitive Ventures, revealed that Bitfinex was planning to raise $1 billion through the sale of company-branded crypto tokens through an on-platform initial coin offering, more commonly referred to as an IEO.
Per a document published by Chinese cryptocurrency investor Zhao Dong, first reported on by The Block, however, the IEO is entirely legit. As Wan revealed, Bitfinex does intend to sell $1 billion of the cryptocurrency. Funnily enough, however, Larry Cermak of The Block has said that $600 million of the funding round has already been allocated to private investors, reported to be industry insiders, Bitcoin whales, and Asian venture capital firms.
While this news seems to be independent of the broader cryptocurrency market, Tom Lee, Fundstrat’s head of research, has postulated that this $1 billion raise could actually be a negative price action catalyst for Bitcoin. The prominent commentator explains that $1 billion worth of new tokens will have a negative impact on BTC and other digital assets, as the market needs to “absorb” an influx of LEO tokens.
As Lee notes, “Bitcoin miners sell $7mm per day, so a $1 billion IEO is essentially 142 days worth of miner selling taking place in one day.”
Source https://www.newsbtc.com/2019/05/05/fundstrat-bitfinex-1b-ieo-raise-could-pressure-bitcoin-lower/
The path of regulation ends at the feet of politics and that is the end for the base purpose of crypto which is to avoid the corruption endemic in FIAT systems. Crypto has to be free market and self regulating as an open market, cavet emptor has been valid logic for thousands of years and legal disputes occur and are settled regardless of the idea of regulators and the implication of taxing a market to pay for that regulation
Simple thing is we need something different in the world not a duplication, I do not see crypto being successful by repetition and reliance on what is already possible
Simple thing is we need something different in the world not a duplication, I do not see crypto being successful by repetition and reliance on what is already possible
Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.
In today's crypto world every Tom (no pun intended), Dick or Harry is doing their own technical analysis, and are essentially leaving the fundamentals to random chance. Besides, we already know Bitcoin can be manipulated by a single individual or a specific interest group.
However, what crypto (or Bitcoin in particular) needs is legal mainstream use case spurred on by favorable legislatures that will allow more stores to accept Bitcoin on the lay person's level. Now that's the growing volume worth looking forward to; it's a better fundamental than what's happening in Venezuela, or the hype of big players' on ramp into crypto.
I agree with you, it's really necessary to regulate crypto now, it's been causing too much trouble to the new investor due to rampant scams in the market.
With regulation, it will reduce scams and will increase the adoption, especially the institutional money.
Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.
In today's crypto world every Tom (no pun intended), Dick or Harry is doing their own technical analysis, and are essentially leaving the fundamentals to random chance. Besides, we already know Bitcoin can be manipulated by a single individual or a specific interest group.
However, what crypto (or Bitcoin in particular) needs is legal mainstream use case spurred on by favorable legislatures that will allow more stores to accept Bitcoin on the lay person's level. Now that's the growing volume worth looking forward to; it's a better fundamental than what's happening in Venezuela, or the hype of big players' on ramp into crypto.
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