Two major announcement may take bullish run for few days

[Prodigan786]

I am tiered of hearing bad news about crypto currency in last couple of days . Now i decided to post some positive news which will bring smile in crytpo investors face
1) The G20 Financial Stability Board is set to discuss the potential impact of cryptocurrencies and coordinate international efforts to eliminate data gaps in the emerging cryptocurrency market.
Statement i found positive was
"“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”"
2)Israel: Steps Toward Cryptocurrency Support? ( Cointelegraph article )
https://cointelegraph.com/news/israel-steps-toward-cryptocurrency-support

These may be small news even doesnt effect more  . But it stoped bearish run in market for some time .

[adekogbe]

There is no doubt major announcements may cause a bullish run but the main issue is how what effect will the bullish run have at the sight of another FUD its almost as if its planned, because the bad news always get release simultaneously at the same time.
So bottom line, cryptos still have a long way to go before a stable market can be achieved.

[mindrust]

Statement i found positive was
"“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”"

Good news for short term price movements but, If Bitcoin (or cryptos) do not pose any threat to global financial system then it means bitcoin isn't doing its job well enough. To me that's not positive news at all.

Something is fishy here. What if they were planning to take some serious measures against crypto but not disclosing it with us?

[Bunsomjelican]

Statement i found positive was
"“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”"

Good news for short term price movements but, If Bitcoin (or cryptos) do not pose any threat to global financial system then it means bitcoin isn't doing its job well enough. To me that's not positive news at all.

Something is fishy here. What if they were planning to take some serious measures against crypto but not disclosing it with us?

Agree with you something's fishy on the news. Do you think it's dead bounce? Is it bullish? then let's find out soon as long we are holding our favorite coins then that's good thing.

[m.vina]

May possible the good news we have been waiting for to finally pump bitcoin back up to $20k. Hopefully this will end all the FUD that these news media sites offer. Sad thing is negative news sells more than positive news. Why? Because negative news is SHOCKING. Until this human attitude is fixed, we will still probably see more FUD to come.

[Snarks]

Let them regulate all they want. Crypto development won't stop. If anything their struggle and arrogance will just speed up the governments' and banks' demise.

[ronnis.gomes]

The crypto market this year is really horrible and returning the gains and profits made last year. The downward trend of the market is still very strong and I believe that the market can only improve after the middle of the year

[Snarks]

What we need is some news that makes people excited and hopeful again. Something that has a long lasting effect.

Bitcoin was pretty boring until last year because it was all about cryptocurrencies that had little chance of getting popular enough to be a viable alternative to fiat.

That changed with Ethereum's ICOs. Suddenly there was another use-case for crypto, namely crypto business.

We need a new kind of paradigm like that. It's for a reason that the hype cycle curve has "New paradigm!!!" at the top, even if it's there ironically.

[Fippy]

Really that is great that there was a two major announcements , but market will never go up if there will be no new people in the crypto. We need new money at the market. We need new blood and new people. So call all your friends to start using crypto.

[mlkvch]

Haha, thanks for your effort but I actually don't think this is the reason of the end of bearish market. See the real reason on this screenshot. The line of the long bullish trend crossed the short bearish trend line. Moreover, BTC is over this cross. It means, crypto has just turned bullish, guys  

[Snarks]

Really that is great that there was a two major announcements , but market will never go up if there will be no new people in the crypto. We need new money at the market. We need new blood and new people. So call all your friends to start using crypto.

Man, that's a really crappy advice unless you want to lose your friends. If shit hits the fan and the market crashes, they will hold you responsible for their losses. I said crypto development won't stop, I didn't say the prices won't go to 0.

[yinoye]

My cryptos mentor always say something that the bear season will not last throughout this year and there will be events or news that will trigger the start if the next bull season. Let's hope it comes soon

[Onika84]

I am still skeptical that the current market has shown a positive signal. It seems like it will take a few weeks to make sure that the market conditions are really back to normal. I hope with the announcement, market sentiment will be good in the future.

[ambisyon]

I believe that such announcements could also trigger the bullish run in the coming weeks and with the current price that is in dip, people should take consideration in buying alts now where it would depend the increase in it's price that will take effect once btc will be back on track doing the bullish run in the coming weeks. This situation is happening from time to time and I think this fluctuations are seemingly normal in the cryptocurrency market.

[kingzues09]

Haha, thanks for your effort but I actually don't think this is the reason of the end of bearish market. See the real reason on this screenshot. The line of the long bullish trend crossed the short bearish trend line. Moreover, BTC is over this cross. It means, crypto has just turned bullish, guys  

Agree on you there are some coins that release catalyst already and turning green. So what i know is we could have a good bullish month in the upcoming days. Seriously this is a good sign to our crypto community.

[louie69]

I think that 2 major announcements could anyhow contribute to the btc and alts price value in the coming weeks. Per current market price is still on the down trend where I think this could be an opportunity to buy btc and promising altcoins while it is still cheaper this time and need to HODL momentarily while waiting for the bullish run to happen. I was hoping that btc will make an impact first then it will trigger the upward trend on the alts to be able to see the investment growth soon.