[2018-01-09] Get ready for an explosion' in bitcoin as Wall Streeters spend thei

[vit05]

Many market observers expect the crypto markets will have sharp spikes up and down this year compared to 2017.

A few weeks ago the bitcoin traded at more than $20,000, and at the end of 2017 the price dropped to around $11,000. This was followed by a rebound again, with bitcoin hitting about $16,500 on Saturday.

Meltem Demirors, director of the Digital Currency Group — an investment company which invests in currencies and crypto blockchain businesses — believes renewed momentum is on its way as Wall Street bonus season hits.

"If the bonuses of Wall Street on January 15 on the bank accounts countries, we will see a buying frenzy on the crypto market of epic proportions," Demirors wrote on Twitter earlier this year.

'Get ready for an explosion'
The traditional start of the year is a time when Wall Street traders can exert influence with their bonus payments, as many traders gamble with their extra income.

Mid-January bonuses likely clocked in at approximately $138,000, as can be deduced from calculations of the New York State Comptroller Thomas DiNapoli.

Two decades ago, The New York Times wrote about about car salesmen in New York who significantly benefited from bonuses on Wall Street.

"They are young, aggressive people who are able to make decisions spontaneously," the newspaper quoted a car salesman saying at the time. "They come to see what's in inventory, and when they receive their bonus checks — bingo."

In 2018, the crypto market could get a boost from Wall Street bonuses.

"Young people have been watching from sidelines putting in a few thousand here, a few hundred there," Demirors told Business Insider Deutschland. "Bonus season and tax rebates means cash a plenty to put into crypto."

"Get ready for an explosion."

http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1

[senin]

Yes, from the second half of January, most likely bitcoin will again start its insane growth. This would be more sure if bitcoin eliminates its shortcomings associated with slowness and high transaction costs. Especially unusual in this regard should be just the first half of this year. Therefore, soon we are waiting for interesting surprises from bitcoin.

[aso118]

That is an interesting point of view. Although young Wall Streeters may get their bonuses in January, we don't really see a big uptick in equity markets or other markets during this period. In addition, enterprising Wall Streeters might have manged to get loans on the back of their declared bonuses, and might not wait until the money actually gets into their account before buying cryptocurrencies.

[Qartersa]

Many market observers expect the crypto markets will have sharp spikes up and down this year compared to 2017.

A few weeks ago the bitcoin traded at more than $20,000, and at the end of 2017 the price dropped to around $11,000. This was followed by a rebound again, with bitcoin hitting about $16,500 on Saturday.

Meltem Demirors, director of the Digital Currency Group — an investment company which invests in currencies and crypto blockchain businesses — believes renewed momentum is on its way as Wall Street bonus season hits.

"If the bonuses of Wall Street on January 15 on the bank accounts countries, we will see a buying frenzy on the crypto market of epic proportions," Demirors wrote on Twitter earlier this year.

'Get ready for an explosion'
The traditional start of the year is a time when Wall Street traders can exert influence with their bonus payments, as many traders gamble with their extra income.

Mid-January bonuses likely clocked in at approximately $138,000, as can be deduced from calculations of the New York State Comptroller Thomas DiNapoli.

Two decades ago, The New York Times wrote about about car salesmen in New York who significantly benefited from bonuses on Wall Street.

"They are young, aggressive people who are able to make decisions spontaneously," the newspaper quoted a car salesman saying at the time. "They come to see what's in inventory, and when they receive their bonus checks — bingo."

In 2018, the crypto market could get a boost from Wall Street bonuses.

"Young people have been watching from sidelines putting in a few thousand here, a few hundred there," Demirors told Business Insider Deutschland. "Bonus season and tax rebates means cash a plenty to put into crypto."

"Get ready for an explosion."

http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1

Your point is well-taken. Just that I do not entirely subscribe to the idea that the bonuses to be released from Wall Street automatically means there would be increased investments in Bitcoin. Who can tell how these people are going to spend their monies in the first place? Right? Hence, we can look forward to that supposition but there certainly is no guarantee. What I am saying is the situation you have foretold is not at all a cause and effect scenario in that the bonuses will result to investments in cryptocurrencies.