Bitcoin Bloodbath to End

[liseff3]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

After "disaster after disaster" attacked BTC. I'm very confident in my establishment, BTC price will definitely increase even better than last year. I hope this information written by the OP above can convince other BTC users and be able to bring BTC towards a better future.

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[pitiflin]

+ Positive G20 Financial Summit stance

Well from the summit here's a quick conclusion on what countries think:

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

China is looking to develop their own crypto AFAIK.

+ Lightning Network and SegWit increase legal recognition of digital currencies

Segwit is only helping in reducing fees and increase bitcoin adoption,people who use crypto don't know about segwit,so recognition of bitcoin is definitely not happening through that medium.

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

How would this help to bring "Bitcoin bloodbath to end?"

+ CBOE support for Bitcoin ETFs

Didn't SEC come in between of this? There was some news about it that SEC wasn't allowing CBOE for these ETFs. Correct me if I am wrong.

[jaysabi]

You need to look at the production cost of Bitcoin as a floor that will either result in declining difficulty or a correction above production to maintain some form of margin for the miners.  We have seen it dip under this before when production was at $200 and it went under (about $170) for two weeks and then immediately bounced back up and continued its upward trend.

There's no reason the price has to support miner profit. The price is dependent on supply and demand in the market only, not on whether or not the miners can make a profit mining. If they can't, miners who operate inefficiently will be forced out of the mining market and the difficulty will adjust downward. But it will not interrupt supply of Bitcoins, which will continue to be produced at a constant rate. This is why the price of Bitcoin is not dependent on what miners are doing, because the same amount of btc will be created regardless of how many miners there are or if they're making a profit.

[pealr12]

Great news to start the Q2 of the year.  However there are still panic to holders. If only  bitcoin can pass  again 10000$ i would say were now leaving this bear market.

[satecream]

I like that title
yeah very hard time for bitcoin and hard to recovery from the fall
still need a long time to back to normal (not normal but not many downstream like now)

[ene1980]

Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

I am expecting more countries coming up with their own crypto currency and that is what we will be seeing in the future as a trend. 
Some of the poor countries who does not have the capital could raise money and in return if they can come up with great projects, it is a possibility to flourish .

Coinbase announcing upcoming support for ERC20 tokens

They might be accepting only major coins as there are a lot of coins in circulation ,i do not see how they are going to choose which one to list, may be according to the volume they will be listing the tokens. 

[Capt00]

hopefully with all the positive news above, can immediately lift the price of bitcoin and altcoin minimum as before and maximum can be higher than the achievement of the end of 2017 ago, I also until now very sure that what is happening now is only temporary, and who be patient and hold the coins in i vestasikan then he is the one who will be lucky, that's my opinion for this

We only need to keep on supporting and don't make any alarming post that could lead some members into leaving and do panic selling. Crypto have proven from crisis before and still on the good shape after, maybe we shall not be on doubt of it's capability anymore.

[horrifiedx1]

hopefully with all the positive news above, can immediately lift the price of bitcoin and altcoin minimum as before and maximum can be higher than the achievement of the end of 2017 ago, I also until now very sure that what is happening now is only temporary, and who be patient and hold the coins in i vestasikan then he is the one who will be lucky, that's my opinion for this

We only need to keep on supporting and don't make any alarming post that could lead some members into leaving and do panic selling. Crypto have proven from crisis before and still on the good shape after, maybe we shall not be on doubt of it's capability anymore.

besides that better to spread positive and constructive news so can to prevent panic sell globally, so the decrease of btc is not significant. i think current moment is reasonable and not the end of bitcoin

[Martinkuhn]

There are plenty of good news about cryptocurrencies and blockchain in general but the price is still depressed.

I do believe that there could be deliberate attempts to sell down cryptos while some people are accumulating as much as they can.

When the big players have bought as much as they can, under the radar by buying small lots over long periods..I believe that crypto will recover

in the same furore as 2017!

[zhuiyongliang8]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

This is a very positive one post, if it can be positive coverage in the media, to have a sharp rise in the price of the currency, because now have a bear market for too long time, I have tired of the fall.

Hopefully all the good news will come soon, and our bitcoin community needs to get rid of all the better negative emotions.

[Just John]

Bitcoin is in the red now and so many other coins are. Although I know that no one can predict the price of bitcoin your outline is a pretty good one and I believe we will be out of the deep en soon.

[BagzMM]

yes despite all the news that cause FUD among investors there is good news that would support cryptocurrency development. I do believe somehow this is the best fintech that would be usefull in future and we need to use it to make our live better.

And just to confirm what we're all saying, the BTC markets are facing an uptick as of today! Whether it will continue into the next few days or not doesn't matter, the crypto is here to stay.

yes bitcoin would never die. bitcoin is the mother of all coin that makes every coin in market exist.

It's good to read some good news about bitcoin to boost our confidence to be calm in this downfall market. I'm hoping that this will give us enough breather to make a good rally and push the price to higher level. Thank you for sharing this good news.

[Safebit.io]

At this point, I think we're just bottoming out on the current trend before we start seeing growth.

Until crypto is killed through regulation (if it can be killed) it will always bounce back, mainly because it's a great vehicle to make a quick buck for high net-worth individuals.

[ronics]

         hopefully it will end the bear market it will take as long as it can recover and break before it rises .by the way I have not planned to sell now it will help to buy up.a value of cryptocurrencies in general with the shorter bear market in some years hoping we can all look back and the price says it was only 8k .and more people have for the face the realization that the market was a bubble the price was lostvconteol and it was not sustainable .

[Razick]

The blood bath might last a bit longer thought because a lot of people are still panic selling and dumping so much coins into the market and they are increasing the supply in the market and without enough demand to balance out this supply then prices would keep going down. It will end but it might just take a while longer than we are expecting it to take.

[13abyknight]

-snip-

Good to see all the pluses making up the list and this means only one thing, Bitcoin and altcoin markets will bounce back and come back to its former days of glory. The year has been a hard one for cryptocurrencies in general but all of the good news will definitely stop the markets from a further tumble.

[jakagintiri]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

People tend not to understand how the market character, who often thinks that a market like that, and for me it's like that, negative or positive news, ups and downs of market prices and all who care about the price is very sensitive to some people for fear of profit or their money runs out, not realizing that there will come a huge rise not always down. From the earliest times of such a market but they did not panic and were used to or trading or investing in addition to bitcoin, they had learned the rise and fall of business, bitcoin just waiting time and wanted support from all users, because the price dropped its users who were selling because of panic , everything must remember that and change your way of thinking.

[green_fish]

Why so much news will cause the market to drop!

Many people have lost confidence in BTC, the market needs growth to gain confidence!

Today is April fool's day, the market is giving us a joke!

[Alex Khvatov]

Why so much news will cause the market to drop!

Many people have lost confidence in BTC, the market needs growth to gain confidence!

Today is April fool's day, the market is giving us a joke!

Good point about April Fool's day

[Jating]

I thought the G20 meeting hasn't been finalized yet. Well nevertheless, all this are all welcoming news, probably soon enough, there will be less FUD from the government and also probably get their supports. With this, I hope more investors invest in cryptocurrency (especially bitcoin). Not just weak investors that complains and sell off when the prices dips but those who can stand the storm and HOLD!

They will reconvene as far as I know to make the final decision in July so yes, they haven't finalized anything yet as of the moment. But the initial news come very surprising to me as I personally thought that the outcome will be the cause of another massive drop but I was wrong (although the price did drop after the meeting, but it has nothing to do with the G20 thing). Hopefully this July, something drastic will resulted in a bull run because of the G20 meeting. Let's hope for the best.

But as far as ending the bloodbath, its to early speculate although yeah we have seen some minor gains, it is still not enough to swayed old investors to once again pour this cash. What we are seeing is traders, taking advantage of the market but doing daily trading and just taking small margin of profits. Again, let's see how it pans out but I have a feeling that everything will change this month.