Bitcoin Forum
September 09, 2024, 05:54:26 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: Who/what will fuel the next bull run?  (Read 933 times)
boyptc
Hero Member
*****
Offline Offline

Activity: 3122
Merit: 681


casinosblockchain.io


View Profile
October 19, 2018, 11:29:05 AM
 #21

Last year's bull run.

No Bakkt.

No ETF.

No lightning network.

We will see on how will these going to fuel the next bull run.

True, however we had a halving, which at the end of the day is the real deal, since the supply is shrinking and it's a cold shower to remember that fact. Some people seem to forget that bitcoins are limited in amount. There's bitcoin for everyone, it's just a function of price. However, there is limited space that you can claim on the blockchain. When you understand this you stop fucking around looking for the next government-approved toy, be it in the name of CBOE Futures, ETFs or whatnot, and you simply start accumulating and holding. Then it's just a matter of time that the price goes up. The rest are just extras that may speed up the rocket.
That's one hope for 2020, I remember 2016 the first halving I've witnessed. The effect is pretty good and that influenced the price seriously and last year its not included with the bull run but I guess it contributed somehow after a year, so the best is yet to come.

I agree that its just a matter of time.

beerlover
Legendary
*
Offline Offline

Activity: 2996
Merit: 1179



View Profile
October 19, 2018, 06:07:15 PM
 #22

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
I think we are all tying our hopes to ETF at this point, if it didn't get delayed or new ones are always on the horizon we would have moved beyond it but since it technically wasn't "rejected" we are still keeping a bit of hope inside each other always talking about how bakkt will be approved or cboe will be approved and we are going to see a huge increase in price whenever they get accepted. At this point I believe the price will go up when ETF gets accepted (if it gets accepted at all) just from the people who would buy thinking it will go up and automatically increasing the price.

Aside from ETF there are really not that many things that would increase the price suddenly but I think if Satoshi Nakamoto came out of his shadows and talked about how he is coming back to bitcoin world that would create an amazing reception and the price would skyrocket as well, aside from him noone would make that type of difference and he is not coming back for sure.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK   
          100%   MULTICHARGER   
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1521


View Profile
October 19, 2018, 07:26:21 PM
 #23

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.

In a really general sense, all we can say is "new investors" because increasing buying demand is what drives bull runs.

But it won't be any single catalyst or any single group of investors. It's a matter of supply and demand being fleshed out over months or years. Right now, last year's "new investors" are largely underwater, sitting on losses because they bought into the bubble last year. A lot of those investors are being shaken out of the market, selling to stronger hands who will be holding through the next bull market.

Institutional investors might be significant in the next bull run, if things like Bakkt or an ETF are online and the demand is there, but it's too early to assume that institutions are particularly interested in Bitcoin.

omorfi
Sr. Member
****
Offline Offline

Activity: 728
Merit: 264



View Profile
October 19, 2018, 07:29:18 PM
 #24

When I start to see an extraordinary upward movement in Bitcoin prices, I will think that there will be an ETF approval soon. And i am going to keep in mind that Bitcoin's price can quickly come down shortly after ETF approval. That's my scenario about bull run.
Wind_FURY
Legendary
*
Offline Offline

Activity: 3038
Merit: 1892



View Profile
October 20, 2018, 07:16:12 AM
 #25

OP, the whalecummulators, the institutional investors, and the next halving. Be ready. Bitcoin will reach 6 figure levels before 2025 as long as there is no better cryptocurrency invented than it. Cool

2025 is a very long time, today the investors are not having that much of patience that they will wait for next year also. That is why the market is not holding the long position.

Hahaha then is the plan? To become rich overnight by doing nothing? By investing so little and "win" millions like winning the lottery? Do you know how stupid that is?

People like that die poor.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
Beparanf
Hero Member
*****
Offline Offline

Activity: 2884
Merit: 784


Burpaaa


View Profile
October 20, 2018, 09:02:04 AM
 #26

When I start to see an extraordinary upward movement in Bitcoin prices, I will think that there will be an ETF approval soon. And i am going to keep in mind that Bitcoin's price can quickly come down shortly after ETF approval. That's my scenario about bull run.
Bull run is quite impossible this year, market is not yet ready for it. We need some good indicators that will start it but not into much higher price like last year.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK   
          100%   MULTICHARGER   
Yaplatu
Hero Member
*****
Offline Offline

Activity: 1344
Merit: 500


28K=Buy | Wallet=100% BTC


View Profile
October 20, 2018, 09:24:16 AM
 #27

 Wink


Bitcoin > Altcoin
Supercrypt
Legendary
*
Offline Offline

Activity: 1554
Merit: 1054



View Profile
October 20, 2018, 11:09:25 AM
 #28

More demand, more awareness, people getting to see the real big picture as well as more people wanting to get rich the more out of speculation, all these things would trigger the next bull run. The market is still growing daily, we are getting better in the long term, considering that we are having a bottom now that when we hit such a point last year, it was as if heaven was coming down and then people are getting to worry on that now, so in that case, imagine for those who are patient enough, what they would be experiencing in the future.

We will see on how will these going to fuel the next bull run.
We actually have a lot of news at the moments which are pretty much solid enough to even fuel the next bull run. Like you said, most of the institutions wanting to have a part to play in the market now were not even there last year, and now for the fact that the market is moving closer to mainstream adoption, the bull run is imminent. One thing though is that when there would be a bull run is something no one can tell, but it is something we will all get to witness one way or the other and those who are in the space now and have a lot of patience for the future will be reaping the benefits by then.
Juggy777
Hero Member
*****
Offline Offline

Activity: 2646
Merit: 686


View Profile
October 20, 2018, 11:23:49 AM
 #29

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.

Hey op there is no one particular movement or a single person or some funds that are able to trigger the bull run in bitcoins, it's always been the simple economic principle demand and supply. If you observe one can say bitcoins has always been on a bull run from 2009 (10 cents) to (6400$) 2018. The main key factors for bitcoins is adoption and adoption, while bitcoins etf may just increase it's awareness in the end without adoption it'll not be able to act as a catalyst.
Dilerium90
Full Member
***
Offline Offline

Activity: 756
Merit: 108



View Profile
October 20, 2018, 11:41:34 AM
 #30

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
The market has a feature called technical analysis. It takes into account the psychology of all those who want to sell, buy or hold on. So, if certain resistance levels are broken through, no new participants are needed. Older members themselves are moving the price up.

PERSISTENCE   //   BUY XPRT now!
●✦●───●✦●───  Protocol Powering Next-Gen Financial Products  ───●✦●───●✦●
│██ ██ ███ █████   DeFi    NFT    PoS  █████ ███ ██ ██│
The Sceptical Chymist
Legendary
*
Offline Offline

Activity: 3458
Merit: 6948


Top Crypto Casino


View Profile
October 20, 2018, 12:05:02 PM
 #31

if you mean the initiator of the next bull run then it is a different argument.
I get your point, but I think that's what OP means anyway. 

My guess is that if the market gets some good news about the ETF thing in the US finally getting approval, it might provide the spark.  Also if one of the major bitcoin-using countries created some sort of bitcoin derivative like futures or options, that would allow institutional investors (and individual investors with very deep pockets) to get in the game without having to buy actual bitcoins.  True, the price would probably end up being determined by "paper bitcoin" instead of what actually changes hands on the exchanges, but I think it would probably be good for the market--and would likely drive it upward in the short-term.

One other thing I can see that also might help is if people start dumping altcoins, and if the ICO market finally dries up.  I've always thought that there's a finite amount of money investors spread across the entire crypto space, and it seems like when bitcoin goes up, altcoins decrease--and I haven't checked the altcoin market lately, but I think it's probably still overvalued.  Most of them are useless and should be worth $0.

But who knows?  It's always hard to determine what moves prices in crypto, and there's no guarantee there will be another big bull run anyway (though I do think there will be).

███████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████

███████████████████████
.
BC.GAME
▄▄▀▀▀▀▀▀▀▄▄
▄▀▀░▄██▀░▀██▄░▀▀▄
▄▀░▐▀▄░▀░░▀░░▀░▄▀▌░▀▄
▄▀▄█▐░▀▄▀▀▀▀▀▄▀░▌█▄▀▄
▄▀░▀░░█░▄███████▄░█░░▀░▀▄
█░█░▀░█████████████░▀░█░█
█░██░▀█▀▀█▄▄█▀▀█▀░██░█
█░█▀██░█▀▀██▀▀█░██▀█░█
▀▄▀██░░░▀▀▄▌▐▄▀▀░░░██▀▄▀
▀▄▀██░░▄░▀▄█▄▀░▄░░██▀▄▀
▀▄░▀█░▄▄▄░▀░▄▄▄░█▀░▄▀
▀▄▄▀▀███▄███▀▀▄▄▀
██████▄▄▄▄▄▄▄██████
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Lucius
Legendary
*
Offline Offline

Activity: 3360
Merit: 6021


Crypto Swap Exchange🈺


View Profile WWW
October 20, 2018, 01:21:34 PM
 #32

who was responsible for the 20x rise of ~2009 from <$0.01
who was responsible for the next bull run to $1, to $10 to $20 to $40 to $80 and $100 to $200 to $1000 to $20000?
the same "who" will be responsible for the following rises too!

there is no magical money coming in to magically bring the price up. there is money coming in as the adoption grows and more people buy bitcoin (increasing demand) and with that the price goes up.
all these things about Bakkt, ETF, SEC,... are only nonsense drama in general. bitcoin adoption as a decentralized currency is the reason for the rises. the big rises and the bubbles however happen because of these hypes and are temporary.

I'm not sure we can compare beginning of BTC with today's time, from 10$ to 20$ is not the same as from 1000$ to 2000$ even it is 100% increase. Maybe things like ETF or Bakkt are not too important, but things like that can move price up and people just wait next big thing to happen.

What caused big pump in 2017 ? It is not some magical adoption for sure, but big FOMO caused by launching of BTC futures which eventually turned out to be a rather irrelevant thing. But that event is placed price of BTC here where it is today, without that big pump to 20k $ price could easy stay close to 1000$.

So if next pump bring price above 20k $, correction which can happen after that will return us to some new stable price, and then we will sit there for months or maybe years.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
AK47-
Sr. Member
****
Offline Offline

Activity: 644
Merit: 250



View Profile
October 20, 2018, 01:46:27 PM
 #33

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
What was the reason for the last bull run? There wasn't any solid reason for the last pump. Certainly there was not enough a reason, if any, for coins to do 5x in a short while. Cryptos are pretty unpredictable. Many could say that CBOE futures market could be a reason for the last pump. But that definitely is not enough or could justify such a ridiculously high pump. Similarly we can't predict what could be a reason to bring a next pump.
okala
Full Member
***
Offline Offline

Activity: 980
Merit: 114


View Profile
October 20, 2018, 03:30:23 PM
Last edit: October 20, 2018, 06:58:25 PM by okala
 #34

The whales are going to push the market upward by doing what they have been doing towards the end of each year. We may not have big news or technical set up but we can depend on the whales to play out the games again. If the whales do nothing I think the market is going to remain as it is for long time.
ASHLIUSZ
Hero Member
*****
Offline Offline

Activity: 994
Merit: 502



View Profile
October 20, 2018, 04:26:06 PM
 #35

Even the positive news relative to bitcoin is interpreted and spread in a negative manner. By this time it is completely a myth to predict who'll gonna make a big change over the entire cryptocurrency. From my personal opinion some large scale adoption is a must, so to experience the bull market.
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1521


View Profile
October 20, 2018, 09:23:01 PM
 #36



Nice picture, but to be fair, gold had already broken resistance and entered a bull market before the ETF was approved. Maybe the ETF added some hype to the market, but that rally was coming either way, whether an ETF was approved or not.

So it's really a matter of timing and market cycles. If a Bitcoin ETF were approved when futures were launched last year, I think price still would have crashed.

pixie85
Hero Member
*****
Offline Offline

Activity: 2170
Merit: 531


View Profile
October 20, 2018, 09:42:17 PM
 #37



Nice picture, but to be fair, gold had already broken resistance and entered a bull market before the ETF was approved. Maybe the ETF added some hype to the market, but that rally was coming either way, whether an ETF was approved or not.

So it's really a matter of timing and market cycles. If a Bitcoin ETF were approved when futures were launched last year, I think price still would have crashed.

It did, but Bitcoin did break its resistance line on the 10th and then once again when we had this huge tether dump. If we don't count ETF in both cases it will mean that Bitcoin bull market is just around the corner anyway and ETF will only add more hype to it. You have to agree that both charts look very similar.
usekevin
Hero Member
*****
Offline Offline

Activity: 2296
Merit: 562


DGbet.fun - Crypto Sportsbook


View Profile
October 20, 2018, 09:43:07 PM
 #38

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.

Due to some tariff increase in fuel,this impact the increase in the price of fuel.But this is not directly increase the price of bitcoin or decrease the price of bitcoin.The increase in the fuel prices, reduced the investment in bitcoin.So it may directly impact the price of bitcoin over a period.

coinplus
Legendary
*
Offline Offline

Activity: 1386
Merit: 1058



View Profile
October 21, 2018, 07:05:41 AM
 #39

I'm not sure we can compare beginning of BTC with today's time, from 10$ to 20$ is not the same as from 1000$ to 2000$ even it is 100% increase. Maybe things like ETF or Bakkt are not too important, but things like that can move price up and people just wait next big thing to happen.

What caused big pump in 2017 ? It is not some magical adoption for sure, but big FOMO caused by launching of BTC futures which eventually turned out to be a rather irrelevant thing. But that event is placed price of BTC here where it is today, without that big pump to 20k $ price could easy stay close to 1000$.

So if next pump bring price above 20k $, correction which can happen after that will return us to some new stable price, and then we will sit there for months or maybe years.
I disagree the notion that getting from $10 to $20 is easier than getting from $10k to $20k. It is exactly the same thing that is needed for both of them to happen. We need two things, we need more people interested in bitcoin and for that to happen we need bitcoin to increase a bit and create a huge hype.

Why did the price went from 1 dollars to 33 dollars ? Because the price was heard from everywhere that it went from couple cents to 1 dollar and than it got skyrocketed, same as last year when the price was $3k or so and than it went to $4k and people heard it came there from 900 dollar levels and than it reached $20k because of the hype.

We need "hype" and we need "new people" that's it, same goes for 1 dollar to 20 dollar and same goes for us right now as well. If get more people interested in bitcoin and we get the price to $8k-$9k levels at those moments, we will see 20-30 thousand dollars easily.
Xiahouyuan
Jr. Member
*
Offline Offline

Activity: 151
Merit: 2


View Profile
October 21, 2018, 09:33:57 AM
 #40

I think the most likely to push the next bull market should be the ETF, but what frustrates me is that the ETF has been postponed!

▰▰▰   MODULE   ▰▰▰
▐▃ CRYPTOECONOMIC ECOSYSTEM ON A CLOUD STORAGE NETWORK ▃▌
https://modltoken.io/
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!