Topic: Should we expect another bull market these coming months (2018)? I think so. - page 2. (Read 376 times)
September 04, 2018, 03:30:21 PM
It is highly possible that another bull market in the coming month. The market price of bitcoin has seen some significant increase in the latter part of august. I believe the bull run of the cryptocurrency will be starting very soon.
September 04, 2018, 03:08:08 PM
I don't think the crypto market will experience any kind of bull market within the remaining months of this year. The market price of bitcoin for the past days now has seen to achieve some percentage of increase but this does not mean another bull market is coming.
September 04, 2018, 02:45:15 PM
very detailed what you share, indeed at the end of this year the opportunity is still wide open to rise towards ATH again with the current turmoil very well with public confidence in the market, the more convinced everyone is so fast to save more coins to get good profits if indeed pumping occurs at the end of this year, just wait for the trip that we have been waiting for, hopefully we can make the best use of it.
September 04, 2018, 02:25:00 PM
Global news - not foreseeable. Therefore, large players will try to change the trend in every possible way. News resources are in their hands, so it is possible that they will be able to change people's opinion.
September 04, 2018, 02:21:04 PM
I am not of the school of taught that believe that cryptocurrency follow the same trend every year. The bull run will come as a result of events related to cryptocurrency this year.
The possibility is there since there are lots of speculations that history could possibly repeat itself. There are lots of people who missed bitcoin's bullrun last year.
I don’t tie the timing of the bull run to the bull run of last year (2017) at all; I tie it to positive movements and activities surrounding crypto. September 04, 2018, 02:19:05 PM
I also believe it's just a matter of time before it increases in value again.
Some firms believe that it will rise three times it's current value by the end of the year along with Ethereum that is something we have yet to see. But something we can be 100% is that it's value per year will always be higher than the year before.
And it is normally a big % in gains. Unless someone bought during the spike before the crash, of course.
Some firms believe that it will rise three times it's current value by the end of the year along with Ethereum that is something we have yet to see. But something we can be 100% is that it's value per year will always be higher than the year before.
And it is normally a big % in gains. Unless someone bought during the spike before the crash, of course.
September 04, 2018, 02:18:05 PM
4th quarter is the most expected one in this year with the big price expectation. I believe we will find the bitcoin price will be bumped in sometime. If you hold on the coins and allow price for some months.
It will be much useful for the people whoever waiting for price bump to sell their BTC to make profit. I have fund with me but I am holding it for long term.
It will be much useful for the people whoever waiting for price bump to sell their BTC to make profit. I have fund with me but I am holding it for long term.
September 04, 2018, 02:10:36 PM
The possibility is there since there are lots of speculations that history could possibly repeat itself. There are lots of people who missed bitcoin's bullrun last year. So some who missed last year's phenomenon will try their luck this year. I am one of them so I'm hoping that those speculations will be realized by the end of the year or the next year. We just have to wait what the future will bring.
September 04, 2018, 02:02:40 PM
Cryptocurrency market have attract so many people that are interested in cryptocurrency that want to know how blockchain technology works but pretend to be cryptocurrency enemy by saying it is a bubble just to bring the market down. I am not of the school of taught that believe that cryptocurrency follow the same trend every year. The bull run will come as a result of events related to cryptocurrency this year.
September 04, 2018, 01:17:04 PM
It was December, 2017. The price of one Bitcoin rose to nearly $20,000. To burst your bubbles, when the mysterious and elusive creator of Bitcoin, Satoshi Nakamoto, released the cryptocurrency in 2008/09, its value was basically nothing. Bitcoin was being giving out for hobby purposes. Interest was very small in a very big way!
As at March 2010, one Bitcoin averaged $0.003 (0.3 Cent). Then it hit nearly $20,000 in 8 years. That's over 666 million percent appreciation. It made a couple of people who bought it for a couple of Cent overnight millionaires in Dollar terms.
Then Bitcoin fell to $6,000, resulting in potential loss to those who bought into the bull market of 2017. Well, you don't lose until you sell at a price lower than your buying price. That's why I called it potential.
Are we expecting another bull market in the crypto market? Are we expecting the price of Bitcoin (and other cryptos) would appreciate significantly in coming months? I think so. And such expectations have a valid ground.
I believe another bull market is imminent because institutional money is coming to the crypto market around November.
Let me explain:
The Intercontinental Exchange, the operator behind the New York Stock Exchange, the world's largest stock exchange, has announced that it is creating a new company called Bakkt that will hold and manage people’s cryptocurrency.
The platform will be powered by Microsoft cloud tech and plans to begin with trading and converting Bitcoin to US Dollars and other fiat (government-backed) currencies as “Bitcoin is today the most liquid digital currency.”
Moreover, the 149-year-old Goldman Sachs, one of the biggest investment banks in the US, announced plans to open a Bitcoin trading operation and Nasdaq, the second-largest stock exchange in the world recently said it would “consider becoming a crypto exchange over time.”
SIX, the operator of Swiss stock exchange also has plans to build a trading platform for transactions associated with Bitcoin and established digital coins and tokens.
The TMX Group, which runs the Toronto Stock Exchange, has announced its own cryptocurrency brokerage service earlier this year.
JP Morgan, the largest American bank, whose CEO, Jamie Dimon, once called Bitcoin a fraud is now changing tune, and even now seems to have an actual Blockchain research centre.
If you look at the top 15 global banks, most of them seem to have dabbled in Blockchain this year.
With these big guys, Microsoft, New York Stock Exchange, top global banks and traditional exchanges embracing crypto and blockchain, chances of the U. S. Securities and Exchange Commission approving Bitcoin-based Exchange-Traded Fund would be significantly enhanced, leading to an even deeper adoption globally. In fact, Bill Barhydt, chief executive of Bitcoin payment start-up Abra believes SEC would approve Bitcoin ETF by 2019.
There are so many other examples of institutional adoption. So you can see cryptocurrencies are going mainstream as institutional investors and the big guys embrace them.
More readings
When is the next Cryptocurrency Bull market coming? (As of September 2018)
Why NYSE's Parent Company Is Building a Bitcoin Exchange
A Traditional Stock Exchange Is Also Going to Trade Cryptocurrencies Like Bitcoin
Why is JP Morgan suddenly changing their tune about Blockchain technology?
Will SEC Approve a Bitcoin ETF in the Next Year?
As at March 2010, one Bitcoin averaged $0.003 (0.3 Cent). Then it hit nearly $20,000 in 8 years. That's over 666 million percent appreciation. It made a couple of people who bought it for a couple of Cent overnight millionaires in Dollar terms.
Then Bitcoin fell to $6,000, resulting in potential loss to those who bought into the bull market of 2017. Well, you don't lose until you sell at a price lower than your buying price. That's why I called it potential.
Are we expecting another bull market in the crypto market? Are we expecting the price of Bitcoin (and other cryptos) would appreciate significantly in coming months? I think so. And such expectations have a valid ground.
I believe another bull market is imminent because institutional money is coming to the crypto market around November.
Let me explain:
The Intercontinental Exchange, the operator behind the New York Stock Exchange, the world's largest stock exchange, has announced that it is creating a new company called Bakkt that will hold and manage people’s cryptocurrency.
The platform will be powered by Microsoft cloud tech and plans to begin with trading and converting Bitcoin to US Dollars and other fiat (government-backed) currencies as “Bitcoin is today the most liquid digital currency.”
Moreover, the 149-year-old Goldman Sachs, one of the biggest investment banks in the US, announced plans to open a Bitcoin trading operation and Nasdaq, the second-largest stock exchange in the world recently said it would “consider becoming a crypto exchange over time.”
SIX, the operator of Swiss stock exchange also has plans to build a trading platform for transactions associated with Bitcoin and established digital coins and tokens.
The TMX Group, which runs the Toronto Stock Exchange, has announced its own cryptocurrency brokerage service earlier this year.
JP Morgan, the largest American bank, whose CEO, Jamie Dimon, once called Bitcoin a fraud is now changing tune, and even now seems to have an actual Blockchain research centre.
If you look at the top 15 global banks, most of them seem to have dabbled in Blockchain this year.
With these big guys, Microsoft, New York Stock Exchange, top global banks and traditional exchanges embracing crypto and blockchain, chances of the U. S. Securities and Exchange Commission approving Bitcoin-based Exchange-Traded Fund would be significantly enhanced, leading to an even deeper adoption globally. In fact, Bill Barhydt, chief executive of Bitcoin payment start-up Abra believes SEC would approve Bitcoin ETF by 2019.
There are so many other examples of institutional adoption. So you can see cryptocurrencies are going mainstream as institutional investors and the big guys embrace them.
More readings
When is the next Cryptocurrency Bull market coming? (As of September 2018)
Why NYSE's Parent Company Is Building a Bitcoin Exchange
A Traditional Stock Exchange Is Also Going to Trade Cryptocurrencies Like Bitcoin
Why is JP Morgan suddenly changing their tune about Blockchain technology?
Will SEC Approve a Bitcoin ETF in the Next Year?
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