Topic: Who/what will fuel the next bull run? - page 3. (Read 953 times)

The next bullrun is expected to be steady. As more and more people embraces Bitcoin, there will be more investments.

It's unlikely that any person or thing will be the reason for a bull run. The acceptance and legalization in different regions can give a pump in my opinion.

Bull Run will happen if the demand of bitcoin is in the rise at the very end of this year. There are few things that may cause a bull run like Bakkt, Lightning Network, ETF etc. or some other factor that rise the demand of Bitcoin. If this Bull Run happens, we can see a repeat of Bitcoin having 20K again.

The next bullrun is expected to be steady. As more and more people embraces Bitcoin, there will be more investments.

I'm not sure what exactly happened at the very beginning of BTC in first years and how the media covered it, but I'm sure nothing was like today. The fact is that at the time very small number of people was familiar with this technology and BTC was so cheap ( $0.008 -2010 ), and it take years to price come from 1$ to 33$, somewhere in 2013. It is not skyrocketed overnight as some think, but because of things like Senate Committee Listens to Bitcoin Experts, Expresses Open-Mindedness or this news Bitcoin Gets a Cautious Nod From China’s Central Bank.

BTC is always move up or down depending on good or bad news, but today this is a game with much more players then 5-6 year ago. Many are burn in last pump/correction after that, I doubt they will jump in crypto train so easy again. I agree price can jump easy above 20k anytime, but result will probably be 50-70% correction after that. That actually suits the majority of today crypto users, first profit - then development and long-term stability.

I think the most likely to push the next bull market should be the ETF, but what frustrates me is that the ETF has been postponed!

I disagree the notion that getting from $10 to $20 is easier than getting from $10k to $20k. It is exactly the same thing that is needed for both of them to happen. We need two things, we need more people interested in bitcoin and for that to happen we need bitcoin to increase a bit and create a huge hype.

Why did the price went from 1 dollars to 33 dollars ? Because the price was heard from everywhere that it went from couple cents to 1 dollar and than it got skyrocketed, same as last year when the price was $3k or so and than it went to $4k and people heard it came there from 900 dollar levels and than it reached $20k because of the hype.

We need "hype" and we need "new people" that's it, same goes for 1 dollar to 20 dollar and same goes for us right now as well. If get more people interested in bitcoin and we get the price to $8k-$9k levels at those moments, we will see 20-30 thousand dollars easily.

Due to some tariff increase in fuel,this impact the increase in the price of fuel.But this is not directly increase the price of bitcoin or decrease the price of bitcoin.The increase in the fuel prices, reduced the investment in bitcoin.So it may directly impact the price of bitcoin over a period.

It did, but Bitcoin did break its resistance line on the 10th and then once again when we had this huge tether dump. If we don't count ETF in both cases it will mean that Bitcoin bull market is just around the corner anyway and ETF will only add more hype to it. You have to agree that both charts look very similar.

Nice picture, but to be fair, gold had already broken resistance and entered a bull market before the ETF was approved. Maybe the ETF added some hype to the market, but that rally was coming either way, whether an ETF was approved or not.

So it's really a matter of timing and market cycles. If a Bitcoin ETF were approved when futures were launched last year, I think price still would have crashed.

Even the positive news relative to bitcoin is interpreted and spread in a negative manner. By this time it is completely a myth to predict who'll gonna make a big change over the entire cryptocurrency. From my personal opinion some large scale adoption is a must, so to experience the bull market.

The whales are going to push the market upward by doing what they have been doing towards the end of each year. We may not have big news or technical set up but we can depend on the whales to play out the games again. If the whales do nothing I think the market is going to remain as it is for long time.

What was the reason for the last bull run? There wasn't any solid reason for the last pump. Certainly there was not enough a reason, if any, for coins to do 5x in a short while. Cryptos are pretty unpredictable. Many could say that CBOE futures market could be a reason for the last pump. But that definitely is not enough or could justify such a ridiculously high pump. Similarly we can't predict what could be a reason to bring a next pump.

I'm not sure we can compare beginning of BTC with today's time, from 10$ to 20$ is not the same as from 1000$ to 2000$ even it is 100% increase. Maybe things like ETF or Bakkt are not too important, but things like that can move price up and people just wait next big thing to happen.

What caused big pump in 2017 ? It is not some magical adoption for sure, but big FOMO caused by launching of BTC futures which eventually turned out to be a rather irrelevant thing. But that event is placed price of BTC here where it is today, without that big pump to 20k $ price could easy stay close to 1000$.

So if next pump bring price above 20k $, correction which can happen after that will return us to some new stable price, and then we will sit there for months or maybe years.

I get your point, but I think that's what OP means anyway. 

My guess is that if the market gets some good news about the ETF thing in the US finally getting approval, it might provide the spark.  Also if one of the major bitcoin-using countries created some sort of bitcoin derivative like futures or options, that would allow institutional investors (and individual investors with very deep pockets) to get in the game without having to buy actual bitcoins.  True, the price would probably end up being determined by "paper bitcoin" instead of what actually changes hands on the exchanges, but I think it would probably be good for the market--and would likely drive it upward in the short-term.

One other thing I can see that also might help is if people start dumping altcoins, and if the ICO market finally dries up.  I've always thought that there's a finite amount of money investors spread across the entire crypto space, and it seems like when bitcoin goes up, altcoins decrease--and I haven't checked the altcoin market lately, but I think it's probably still overvalued.  Most of them are useless and should be worth $0.

But who knows?  It's always hard to determine what moves prices in crypto, and there's no guarantee there will be another big bull run anyway (though I do think there will be).

The market has a feature called technical analysis. It takes into account the psychology of all those who want to sell, buy or hold on. So, if certain resistance levels are broken through, no new participants are needed. Older members themselves are moving the price up.

Hey op there is no one particular movement or a single person or some funds that are able to trigger the bull run in bitcoins, it's always been the simple economic principle demand and supply. If you observe one can say bitcoins has always been on a bull run from 2009 (10 cents) to (6400$) 2018. The main key factors for bitcoins is adoption and adoption, while bitcoins etf may just increase it's awareness in the end without adoption it'll not be able to act as a catalyst.

More demand, more awareness, people getting to see the real big picture as well as more people wanting to get rich the more out of speculation, all these things would trigger the next bull run. The market is still growing daily, we are getting better in the long term, considering that we are having a bottom now that when we hit such a point last year, it was as if heaven was coming down and then people are getting to worry on that now, so in that case, imagine for those who are patient enough, what they would be experiencing in the future.

We actually have a lot of news at the moments which are pretty much solid enough to even fuel the next bull run. Like you said, most of the institutions wanting to have a part to play in the market now were not even there last year, and now for the fact that the market is moving closer to mainstream adoption, the bull run is imminent. One thing though is that when there would be a bull run is something no one can tell, but it is something we will all get to witness one way or the other and those who are in the space now and have a lot of patience for the future will be reaping the benefits by then.

 

Bull run is quite impossible this year, market is not yet ready for it. We need some good indicators that will start it but not into much higher price like last year.