G20 Summit can make a trend reversal?

[holden.commodore]

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/

[Genrix]

Well, my prediction is that this dump was arranged specially before summit, like previous one, in February. And market will rise for 30-40 %,  then there will be a flat during April and afterwards we will see another dump, even lower just before summit in may.  

[Anonylz]

We still do not know what is going to happen, but they are bullish on bitcoin, so i do not think that it will make a huge downside before this.

Well, my prediction is that this dump was arranged specially before summit, like previous one, in February. And market will rise for 30-40 %,  then there will be a flat during April and afterwards we will see another dump, even lower just before summit in may.  

There will be probably an increase on the price towards $9000, but not more than that.

[holden.commodore]

Well, my prediction is that this dump was arranged specially before summit, like previous one, in February. And market will rise for 30-40 %,  then there will be a flat during April and afterwards we will see another dump, even lower just before summit in may.  

I don't think dumps and pumps are exclusively related to these summits...

[ophyrim]

The bears is losing momentum now but the volume is not enough for a trend reversal at the moment (we need more time). Maybe the speed of the fall will decrease and the market is going to be more stable for a period of time.

[holden.commodore]

GOOD NEWS! They just said that crypto are not a risk for the world' economy. They also said that they will focus on the existing laws instead of creating new ones.

https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum

[LaLegiste]

The trend is already reversing due to the rumours of good news coming. Reuters just published an article which contains the quotes of The Financial Stability Board Chairman including the one on resisting the calls of some G20 members to regulate cryptocurrencies.

[DenyAryanto]

GOOD NEWS! They just said that crypto are not a risk for the world' economy. They also said that they will focus on the existing laws instead of creating new ones.

https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum

still wait G20 meet result
if G20 result is good about crypto curency bitcoin price can incraese high

[Febo]

GOOD NEWS! They just said that crypto are not a risk for the world' economy. They also said that they will focus on the existing laws instead of creating new ones.

https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum

LOl what did you expected?

That this G20 wil say no to crypto?  that would make G20 countries economic strength to be behind other 100 countries that would say yes to crypto.   I really dont get why on earth would anyone be worried what wil any country sa about crypto. Yes all of them and we also should smash all scams. ASAP.  Premines, ICOs, instamines, ...

[carnitastaco]

Why is everyone so expected? Everything will end with common phrases and nothing else

[pageraji]

The Financial Stability Board (FSB), which coordinates financial regulation for G20 countries, on Sunday rejected some cryptographic rules issued by some countries, such as Bitcoin.

The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .

[Dragonrage201]

This  news is a good start for cryptos next rally. If nothing negative comes out of the G20 on Monday/Tuesday, then this rally should continue higher.

[legendbtc]

The Financial Stability Board (FSB), which coordinates financial regulation for G20 countries, on Sunday rejected some cryptographic rules issued by some countries, such as Bitcoin.

The FSB, however, emphasizes the need for greater international coordination in monitoring this rapidly growing technology, which is still a small sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that at present, this crypto asset poses no risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance central bank ministers and central bankers who will meet in Buenos Aires on Monday and Tuesday .

So in this case, whether they are positive about the cryptocurrency. This news makes more comfortable about the decision they are going to take,  but crypto market are now mainly based on news and it is effecting the cryptocurrency.

[omnik]

GOOD NEWS! They just said that crypto are not a risk for the world' economy. They also said that they will focus on the existing laws instead of creating new ones.

https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum

LOl what did you expected?

That this G20 wil say no to crypto?  that would make G20 countries economic strength to be behind other 100 countries that would say yes to crypto.   I really dont get why on earth would anyone be worried what wil any country sa about crypto. Yes all of them and we also should smash all scams. ASAP.  Premines, ICOs, instamines, ...

I don't know why the majority of people are feeling worry about that. The fact even the majority of countries in canadian is working with ico regulation and it's acceptable in there. This doesn't make sense. But all of this bearish trend caused by bitcoin and ether big holders was selling so many amounts in the market directly.

[LeoEspansq]

Well, my prediction is that this dump was arranged specially before summit, like previous one, in February. And market will rise for 30-40 %,  then there will be a flat during April and afterwards we will see another dump, even lower just before summit in may.  

I don't think dumps and pumps are exclusively related to these summits...

Partly affects everything, because after the results of this summit, large investors understand whether they should invest in the crypt, and the whole market depends on them. So it's not long to wait.

[Pierre 2]

I actually consider that they will talk for cryptocurrencies, basically they will talk about regulations. I really didn't understand latest huge dump on that low prices at all. Market is very weird nowadays. Ethere is too cheap btw.

[Cnut237]

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 think the effect of outside news is exaggerated. The main reason for market fall these last couple of months is just that the December rise was too high and was unsustainable. Today we are seeing a second supporting bounceback around the same low we had in Feb. I don't think that it is mostly due to good/bad news, I think it is mostly whole market confidence in response to the rise in December and the subsequent fall.

[kindbtc]

Although crypto is a decentralized business and the world news should not effect it but what we have seen is that at the moment crypto is manipulated big time by the use of media and news. I hope it will change in the near future.

[ahoenk]

Bitcoin has nothing to do with this g20 or any goverment. But the news about btc in g20 will only be a momentum to pump or dump bitcoin so whale can get profit from this news. Actual price determine by mining cost. No one want to sell it cheaper then mining cost as long as btc transaction is still high. Look at the chart of transaction per day. It is increasing and if all nodes approve segwit and we can lower the price we will see volume of transactions increase again everyday. Thats the real analyze and fundamental analyze for long term holder.

[aceptamosbitcoin]

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/

If they make a positive statement about good regulation, it will make the trend positive too. But I'm not so optimistic about bunch of bureaucrats who just want more taxes for them.