What event could trigger new bull run and ATHs? - page 2.

Betwrong

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Quote from: The Sceptical Chymist on July 23, 2021, 08:18:53 AM

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I don't understand what drives demand for bitcoin or what starts these crazy bull markets it finds itself in every few years, and I only wish I knew what would start the next one. I'm not even sure if anyone knows what caused the previous bull runs, because if I recall correctly, there wasn't anything besides the halvings to account for them. Your guess is as good as mine.

MTE. Just look at my post above!

I was kinda hoping that someone had the answers regarding the previous bull run, tbh, but, apparently, although it was interesting to read some theories here, no exact answers were given.

Yet I still think that although we can't be 100% right about anything where humans involved, because of the human factor, we can be pretty close, because today scientists are saying that that "Human behavior is 93 percent predictable". I mean, if we can predict whereabouts of the "spontaneous" humans, maybe we can predict their investment behavior too? To a certain degree, of course, but it's possible.

dezoel

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Quote from: Stalker22 on July 24, 2021, 05:42:35 AM

While I agree that Tesla's investment intensified the bull run over the first quarter of 2021, it definitely did not start it.
Tesla is estimated to hold about 50,000 BTC.

I honestly think that the 1.5 billion dollars from Tesla itself wasn't a big deal, the news of it however was a big deal. People do not understand the difference of it, and I tried to explain it many times but most people ignore it. When a company wants to buy a huge sums of bitcoin they usually end up doing it over the counter, all those coinbase and binance like companies make so much bitcoin that they can't sell it all because it would destroy the market price and make it go down a lot, so they hold it until they find a big deal and when companies like Tesla end up saying they want to buy 1.5 billion dollars worth, those companies do a OTC deal to make it happen from the market price give or take, and that means it doesn't change the price at all since it doesn't happen inside the market, it happens over the counter.

However, the hype created around the news of it causes it to get so much attention inside the market that people keep on buying and buying and increasing the price.

kaya11

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I believe all of the reasons that OP stated on the original post are valid, it had certain impacts on the market big or small we can't deny it. Remember when Musk denied Bitcoin payments due to high fossil fuel usage for making transactions in the network, what damn reason and his company are burning way too much to produce his cars. Well the truth is the market was struck and got to where it is now. The current trends and global occurrences like wars etc are also factors, pandemic and other natural phenomenon. So much to add but the reason can also be unknown at certain times and people just go with the flow.

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Quote from: teosanru on July 25, 2021, 12:11:09 PM

Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? Huh

I think only another halving would trigger us towards a new all time high. I think just like what has happened since past two bull runs, the lack of new minting supply due to halving would trigger a demand supply deficit leading to another Bull run and All time high. But for this to happen be ready to wait for another couple of years atleast. I don't think Tesla or anyone accepting bitcoin would trigger such a huge pump in the market to break all time highs.

Yes, Tesla and other corporate firms adoption of bitcoin will trigger the market to turn bullish. This won't take the price mark a new ATH. The people's interest on cryptocurrency have been increasing regularly, which makes it have gradual growth.

The adoption from companies and stores all around will make the growth happen faster. When it comes to a large scale market trigger, something needs to happen as the past when Japan mentioned bitcoin to be official and supported stores to accept bitcoin. Those are days when people aren't much aware of bitcoin.

teosanru

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Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? Huh

I think only another halving would trigger us towards a new all time high. I think just like what has happened since past two bull runs, the lack of new minting supply due to halving would trigger a demand supply deficit leading to another Bull run and All time high. But for this to happen be ready to wait for another couple of years atleast. I don't think Tesla or anyone accepting bitcoin would trigger such a huge pump in the market to break all time highs.

finaleshot2016

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Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Could it be the single billionaire whale entering the market?

Elon musk already entered the crypto market and recently manipulated it through tweets. Roll Eyes

Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Could it be the fiat-to-crypto major exchange pairings?

I think this is one of the possible that will make crypto trigger another ATH but of course, it won't happen.

Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?

Facebook already made a coin last time, it's called Libra but now diem. Idk if TESLA will create their own coin, the only thing I'm sure is they will use DOGE

Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Could it be the some major company such as Ebay or Amazon accepting crypto payments?

Yeah, possible too but it will take a lot of time before it happens, I've noticed that only few major platforms that are accepting crypto so it will take more time for Amazon and Ebay if the majority is still not accepting.

BIT-BENDER

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I could have thought a pandemic like the covid-19 virus would leave Bitcoin price bartered and bruised, but as many commodity fell sick to the virus bitcoin had some immunity, the next bull run or bear run can be ignited the opposite way than you think, but I think if countries help or follow the path of El salvador, then a bull run might happen, I don't think one whale can ignite/trigger a bull run, even the low-humble bitcoin investors combine can be the bull run, bitcoin acceptance also.

WePiggy

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There is a rumour that Amazon is going to accept Crypto as payments due to their job advert for a “digital currency and blockchain product lead” for the platform’s payments team.

This could be the catalyst that brings it into the $40k's, but will need something like an ETF confirmation to bring it into 6 figures. I think something like the Wisdom Tree ETF will take it above 100K

Lucius

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I would ask two questions to everyone who posted in this thread:

1. Are you aware that you are answering the question that was asked in 2018?
2. Does it make sense to discuss a new bull run, and we are currently in one of them?

For those who think the bull run is a steady rise in price without corrections, one little reminder from 2017 - do you see anything that reminds you of this year?

Oilacris

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Quote from: ninabobo on July 24, 2021, 10:21:41 PM

My own suggestion I think the only way the bull run can continue is when the FUD in the market is reduced, and more big investors comes and also good news like big companies like tesla accepting bitcoin. These are the things which can really push the price of bitcoin back up, we all know what caused the FUD, the pressure was much, China was creating FUD and same time Elon Musk was also doing same so this contributed to what caused the down trend.

No such thing about being reduced because Fuds could just pop out unexpectedly and there's no way of stopping that because those supporters or institutions are the ones would really create those things

for them to crash out the market and able to buyback on cheaper price and starts to hype it up for them to make profits and repeat the cycle.A very common manipulative behavior which it isnt surprising

for this kind of market where big players would always have the advantage.Triggering bull run its a mix of adoption and some hype which is the truth.

Mauser

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Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? Huh

I think the next big bull run on crypto currencies will again come from bitcoins. We saw in the past that many alt coins rallied when bitcoins rallied. So once we hit a new ATH in bitcoins, other coins will follow. While it seems unlikely that investors are going to follow Tesla into their own coin. It seems most likely that new big investors are going to buy into the market.

sulis sudibyo

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Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? Huh

1. depending on how much funds are invested. if it's just a few million dollars it won't make the market move.
2. not really.
3. is it really a crypto?. if it's a mainstream company, I doubt it will be fully decentralized. and the coin is sure to be fully bound by the regulations in which the company stands. and it is difficult to enter the crypto market. so this option will be a lot of hindrance.
4. This rumor has been around for years and probably everyone is tired of hearing it.

what if big countries like America or countries in europe start to legalize bitcoin completely. like El Salvador which started to adopt bitcoin. this is probably going to be big news and could get the market in pumps.

ninabobo

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My own suggestion I think the only way the bull run can continue is when the FUD in the market is reduced, and more big investors comes and also good news like big companies like tesla accepting bitcoin. These are the things which can really push the price of bitcoin back up, we all know what caused the FUD, the pressure was much, China was creating FUD and same time Elon Musk was also doing same so this contributed to what caused the down trend.

ILuckyGuyI

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It's hard to say what can trigger a new bull run now. I'd say that words and actions of people like Elon Musk would be really affective. But it looks like he doesn't have an influence over the market as much as before. Let's wait and see the new things to come.

Actually the market is whole green now but I'm not sure if it's related to the meeting between Jack and Elon.

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Quote from: BITCOIN4X on July 24, 2021, 02:08:53 PM

Quote from: iv4n on July 24, 2021, 10:53:25 AM

It's happening, new people are getting in, new companies... countries are creating regulations, Bitocin is getting more popular definitely! What will trigger a new bull run is hard to say, I think too many things are going on, and definitely big things are coming, from which side, we will see! I
I am positive about the future of Bitcoin, maybe more than ever before! Many positive things are happening around, many experts are thinking that we are at the bottom, so this new bottom is higher, and it will be a great ground for all future uptrends!

So far only a 4 year cycle that looks right can trigger a bull run until the price reaches a new ATH. The halving that has occurred so far is the thing that has the most impact on the entry of new investors and causes price increases. Apart from the halving, I think the hard fork is another event that can trigger the price as far as I know, but in the end I think it will be very difficult to find more detail that can trigger a definite price increase.

Exactly! Good to see someone has mentioned it. All of the biggest bull runs were triggered by halving, why do people always miss that part? It’s always the same: halving -> price increases -> talks on the media + growth of interest among investors, the extent of which is bigger each year -> even more increase -> newbies buying high Cheesy

There’s not an event that can trigger a similar chain without previous halving.

MinoRaiola

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Quote from: FrontierObscura on March 23, 2018, 01:25:06 PM

Hello, got thinking what most of newbies are awaiting so eagerly right now... When the new bull run will begin and will it break current records?

Or more specifically what could trigger such viral bull run?

Could it be the single billionaire whale entering the market?
Could it be the fiat-to-crypto major exchange pairings?
Could it be the major company, such as TESLA or Facebook or Amazon introducing their own coin?
Could it be the some major company such as Ebay or Amazon accepting crypto payments?

What is your idea? what could push it? Huh

In theory, it is very simple: the supply of Bitcoin must be lower than the demand. There would continuously be a higher price per Bitcoin. There will never be an absolute shortage because Bitcoin can always be corrected based on the price. As a result, there would be fewer whole Bitcoin in circulation every day, which should not be negativ, since there are enough places after the decimal point.

So positive news can increase the demand, more money by investors or investors just as.

BITCOIN4X

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Quote from: iv4n on July 24, 2021, 10:53:25 AM

It's happening, new people are getting in, new companies... countries are creating regulations, Bitocin is getting more popular definitely! What will trigger a new bull run is hard to say, I think too many things are going on, and definitely big things are coming, from which side, we will see! I
I am positive about the future of Bitcoin, maybe more than ever before! Many positive things are happening around, many experts are thinking that we are at the bottom, so this new bottom is higher, and it will be a great ground for all future uptrends!

So far only a 4 year cycle that looks right can trigger a bull run until the price reaches a new ATH. The halving that has occurred so far is the thing that has the most impact on the entry of new investors and causes price increases. Apart from the halving, I think the hard fork is another event that can trigger the price as far as I know, but in the end I think it will be very difficult to find more detail that can trigger a definite price increase.

I just think that the more bitcoin adoption is legalized by a country's government as legal tender, the less volatility there will be in the bitcoin price. Bitcoin price will increase due to adoption, I think it's true but so far the price increase is due to FOMO where there is a surge in demand in the market just to make a profit.

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Progressive adoption at this point does not need any further catalysts (the name usually given to those events that make everyone realise the value of an asset). It is much more about progressive adoption at this point since I believe that the value, as of now and for bitcoin, is well assessed. The next likely event that may drive crypto could potentially be any announcement by any of the large techs, but it can sumply be anything once the level of demand is there. I am tired of stupid justifications for bitcoin price movements, most of the times they do not correspond to a single event.

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Quote from: lumierre on July 24, 2021, 10:09:31 AM

All we need is just some news from authoritative people and big companies or funds that they are going to invest in Bitcoin. This way, the price will increase because of the big money of whales and because people will buy it, seeing the green market then.
Another thing that can green up our market is making work with crypto more comfortable and understandable so that all people can work with them.

It's happening, new people are getting in, new companies... countries are creating regulations, Bitocin is getting more popular definitely! What will trigger a new bull run is hard to say, I think too many things are going on, and definitely big things are coming, from which side, we will see! I
I am positive about the future of Bitcoin, maybe more than ever before! Many positive things are happening around, many experts are thinking that we are at the bottom, so this new bottom is higher, and it will be a great ground for all future uptrends!

lumierre

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All we need is just some news from authoritative people and big companies or funds that they are going to invest in Bitcoin. This way, the price will increase because of the big money of whales and because people will buy it, seeing the green market then.
Another thing that can green up our market is making work with crypto more comfortable and understandable so that all people can work with them.

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