G20 Summit can make a trend reversal?

[teamsah5416]

This is not bad also ı can't say this is amazing news. g-20 conference wont ban cryptocurrency and there are many good news in the market now such as South Korea Government is considering accept ICO likes SEC. These information will push the crypto price soon

[HEvangelista]

I am pretty sure that the G20 will be able to make some trends based on what they could announce for or against crypto. If they keep mum though then I am confident nothing will happen with crypto and we can all be merry again.

[TravelMug]

I am pretty sure that the G20 will be able to make some trends based on what they could announce for or against crypto. If they keep mum though then I am confident nothing will happen with crypto and we can all be merry again.

Well we have heard everything from the G20 thing and it really bring positive impact to the market that's why around a week or two we have made a good rally up to $9K. The problem is that is not sustainable and we witness another pullback. So I conclude is not enough to balance or to even break the bearish trend that we are experiencing which makes a lot of investors worried.

Let's see how it goes in July though as they said they will have some proposals on how to regulated cryptos. I'm sure though that it will also bring us positive news.

[Apened]

I am pretty sure that the G20 will be able to make some trends based on what they could announce for or against crypto. If they keep mum though then I am confident nothing will happen with crypto and we can all be merry again.

Well we have heard everything from the G20 thing and it really bring positive impact to the market that's why around a week or two we have made a good rally up to $9K. The problem is that is not sustainable and we witness another pullback. So I conclude is not enough to balance or to even break the bearish trend that we are experiencing which makes a lot of investors worried.

Let's see how it goes in July though as they said they will have some proposals on how to regulated cryptos. I'm sure though that it will also bring us positive news.

Aside from G20 there are additional good news like south korea's merchant's accepting cryptocurrency. Even it brings good news but there's more powerful negative news any news that has been not cleared to many is a sign of dump. I don't know if the investors and some of the traders are afraid to the market and jump in again.

[icalical]

Apparently it doesn't happen, these g20 country and maybe most of government in the world. Are still in the safe zone, they can not decide yet, whether going to support or against crypto. They know the potential of crypto to help their economic, but they scare if at the same time, crypto currency will destroy their fiat

[percopolis]

In fact the G20 actually sounded only flattering words about crypt and prospects in the future. It seems to me this is a green light for the entire world.

[Ashleybarnes2]

I think there isa bit too much uncertainty in the space at the moment. Having the whole market increase in market cap by 30% on the back of some vague good news is pretty unhealthy because of the speculative nature it leads to. It could be seen as good however if you take the point of view that there are billions waiting in the wings to invest once regulatory standards are clarified.

[kllondd]

What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...

https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/

I am sure that the crypto currency market needs some kind of regulation to attract institutional investors in the long term. If this does not happen, most likely we will see a further decline in the market. Large players will not invest in an unregulated market

[UnterKleinemBaum]

What if regulators say good things about crypto this week? Can it be enough to make a trend reversal in the market?
Personally I think we need some sort of regulation to attract institutional investors in long term.
If they only say bad things, expect another wave of panic...

https://www.reddit.com/r/CryptoCurrency/comments/851zv5/g20_summit_world_leaders_will_discuss/

I am sure that the crypto currency market needs some kind of regulation to attract institutional investors in the long term. If this does not happen, most likely we will see a further decline in the market. Large players will not invest in an unregulated market

I have the same opinion. Solid investors will only invest in trust-worthy sphere. I am waiting for regulations and hope that Bitcoin will grow again. 

[ophyrim]

By the way the date of the second G20 is approaching. I think bitcoin will wait for the decisions of G20. We are not going to see a dramatic price action before this meeting.