G20 Summit can make a trend reversal?

[kulakvlad]

I read that the summit will last 3 days and many things can change and there can be a negative.

[LGD2Business]

G20 has literally no impact on crypto currency market. I don't know why people so hyped up about that. Technical analysis shows us that everything is on schedule. Don't expect fancy things in short term. Because the trend is obvious now.

[krauzzer02]

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...

There's no assurance about that, however, the market surges a bit when G20 releases some statement about cryptocurrencies and its modification of the existing regulation, they were so positive most for the technology behind the cryptocurrency which is the blockchain tech, the adaptation of the said technology may empower the innovation, though it imposes a minimal impact it may start a fire of a positive buzz about the crypto and the blockchain, lets wait for the effect of the ads ban from google and twitter.

[SergiuDemerji]

As predicted due to the good news in relation to regulation of bitcoin and cryptos at the G20 summit we will see bull runs now. If you sold out on the way down today is a great last chance to buy back in before the rebound. With the big whales content and large financial bodies not pushing for regulation of crypto you will see new winds within our sails. Buy/Mine/Hodl the market is taking a bull run. (Just my opinion)

[renault18turbo]

I believe the cryptocurrency settlement may have more negative consequences. I think that any settlement will be primarily due to restrictions, which is not good.

[Rowland Okoli]

G20 has literally no impact on crypto currency market. I don't know why people so hyped up about that. Technical analysis shows us that everything is on schedule. Don't expect fancy things in short term. Because the trend is obvious now.

Apparently it does.

Any Socio-economic event translates to a price index. News from China, Korea or US can affect the price.

[DariaBriklaiz]

G20 Summit has not got influence at market because heads of goverments come at summit, discus questions, come back to their countries and do how they think right

[casty3000]

I will not trade in these 3 days and let it flow into the market. There were no sad news from the g20 summit, but there was no grateful news. Investigating the process and investing accordingly will be the best.

[WSDN]

the G20 conference announed that they wont ban cryptocurrency. this information really make the reversal trend for the market. most of coins has risen up about 20%. I believe that they still increase in the future

[Kot Kotofej]

During the last days of the day, the market behaves quite actively, coins started to grow again in value. News G20 Summit give their results.

[lexodig]

After meeting the g20 blue crypto market again after the days flooded in red. It is hoped that European countries will have rules regulating the crypto market.

[maliboom]

The inversion has already started. They decided not to decide. They are unarmed and do not know how to deal with the Crypto preparations for a long ride until summer. Total capitalization over 1,000 billion

[renault18turbo]

During the last days of the day, the market behaves quite actively, coins started to grow again in value. News G20 Summit give their results.

I would not say that the growth of the crypto-currency market began again because of the G20 summit. For example, now we are seeing its decline, with what you can relate it?

[2Pac]

As far as I can tell G20 Summit has no impact on crypto currency prices.
The main trend is downside slowly. There is no news to change this yet.

[BitProCoin]

It will definitely make a trend reversal, this summit isn't that important comparing to summit being held in may.

[vlad06]

It will definitely make a trend reversal, this summit isn't that important comparing to summit being held in may.

What's the May one about?

[jackhdt]

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/

Good news from G20 summit inevitably have positive influence to crytocurrency. people will trust more on cryto but to say that G20 do to reverse the trend, it is certainly not possible.

[koralan]

The outcome of the G20 conference is not to prohibit cryptocurrency but to study more about it is quite good news for this market. So you can see in the past 2 days the market has recovered quite well, which shows the future of the market when it is widely accepted.

[Yuuto]

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/

Trend reversal has come regardless of the fact that countries have said that they will try to regulate cryptos as a whole. The recovery is coming regardless of any news that is coming out, it'll just delay a bit if it's negative news.

Anyways, people should start realizing that there is a minimal impact what world leaders think of crypto.

They can't shut down entire crypto networks, best they can do is regulate exchanges or attempt to ban crypto, but attempts at these are completely unsuccessful so far.

[seymenyunus1654]

 Now they will discuss a bit possible options, but final solution will be on a next summit I guess.I certainly hope that by the end of this year majority of the countries recognize crypto currency as a legal investment and stop banning them. Blockchain can not be stoppable!