[2019-06-01] Binance: Research ‘Non-Crypto Public’ is Now Getting Into Bitcoin

[Jgilpulg]

The report also underscores the all-time high volumes of crypto assets recently traded on the CME Group. Indeed, over USD 1 billion were traded during a single 24-hour period in May 2019.

https://bitcoinist.com/bitcoin-non-crypto-public-binance-research/

[CryptoBry]

There is a strong trend that is making waves in all fronts of the cryptocurrency marketplace: new players are entering the scene and this is a big positive sign that more and more people are into this investment vehicle right now. Let's just hope that new entrants fully understand what they are into so what happened in 2017 will not be repeated. While bitcoin is slowly growing, we see the same enthusiasm and energy from the people who are willing to face the risk for the possibility of gaining something. Will their dreams be fulfilled or will this venture proved to be fatal at the end? Time can tell.

[o_e_l_e_o]

Let's just hope that new entrants fully understand what they are into

They don't. They see the price increasing rapidly and they decide they want a piece of those gains. We had a 6 month period where the price was around $3k or $4k. If people understood and believed in the technology, they would have bought in then. The reason they are buying now is pure FOMO, and many have absolutely no idea what they are buying.

I have no doubt we will see more and more new players as the price rises, and I have no doubt again that many will panic sell at a loss during the first consolidation we see. I'm sure we will also see some crazy returns on some next to useless altcoins. I'll stick with bitcoin for the long term, though.