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Author Topic: Who/what will fuel the next bull run?  (Read 944 times)
Lucius
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October 21, 2018, 10:17:29 AM
 #41

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.

I'm not sure what exactly happened at the very beginning of BTC in first years and how the media covered it, but I'm sure nothing was like today. The fact is that at the time very small number of people was familiar with this technology and BTC was so cheap ( $0.008 -2010 ), and it take years to price come from 1$ to 33$, somewhere in 2013. It is not skyrocketed overnight as some think, but because of things like Senate Committee Listens to Bitcoin Experts, Expresses Open-Mindedness or this news Bitcoin Gets a Cautious Nod From China’s Central Bank.

BTC is always move up or down depending on good or bad news, but today this is a game with much more players then 5-6 year ago. Many are burn in last pump/correction after that, I doubt they will jump in crypto train so easy again. I agree price can jump easy above 20k anytime, but result will probably be 50-70% correction after that. That actually suits the majority of today crypto users, first profit - then development and long-term stability.

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AccidentalTuber
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October 21, 2018, 04:58:25 PM
 #42

The next bullrun is expected to be steady. As more and more people embraces Bitcoin, there will be more investments.
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October 21, 2018, 04:59:19 PM
 #43

Bull Run will happen if the demand of bitcoin is in the rise at the very end of this year. There are few things that may cause a bull run like Bakkt, Lightning Network, ETF etc. or some other factor that rise the demand of Bitcoin. If this Bull Run happens, we can see a repeat of Bitcoin having 20K again.
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October 21, 2018, 05:02:53 PM
 #44

It's unlikely that any person or thing will be the reason for a bull run. The acceptance and legalization in different regions can give a pump in my opinion.
BitHodler
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October 21, 2018, 06:40:41 PM
 #45

You have to agree that both charts look very similar.
Most of the charts look like that during a bear market. The people behind these comparisons are cherry picking just to highlight the similarities they want to see. If you try hard enough, you can find similarities everywhere.

What if an ETF only results in a speculative initial pump, where after that the price tanks back to where it started? It's great to have an ETF approval to dream about, but what if the demand for that product isn't there?

People here only think about the potentially positive outcomes, but they discard the possibility of these products lacking institutional demand. Look at the futures, extremely low volumes after nearly a year of existence.

BSV is not the real Bcash. Bcash is the real Bcash.
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October 21, 2018, 09:07:03 PM
 #46

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.

Sure, the charts look similar. But I also don't take fractal analysis very seriously because it failed me so often early in my trading career. They are very unreliable. If you're willing to dig through charts, there are lots examples of identical fractals where one fractal ended completely differently than the other.

It's the type of situation where it's preferable to trade the breakout, rather than buying in and waiting for it. These market lulls can go on for months or years.

The "breakout" last week closed as a wick on the 1-day and 1-week charts. So it wasn't a real breakout to me.

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October 21, 2018, 10:32:48 PM
 #47

It's unlikely that any person or thing will be the reason for a bull run. The acceptance and legalization in different regions can give a pump in my opinion.


How can you be so sure? Did you see what some dose of fear of Tether going bust did to the market? And this wasn't even based on the news, just on the fact that there were some withdrawal delays on Bitfinex and that it had some bank problems. If the news got confirmed and we followed the same pattern we could easily break the bearish trendline and go to 8k USD. In 2013 Willy bot has managed to push the prices up by at least 100% (I'm being modest here). Imagine what would happen if a company like Apple said they're going to endorse BTC and permanently add a wallet to every iOS based device.
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October 21, 2018, 11:03:16 PM
 #48

We definitely need a huge fresh find that is not coming from whales who want to pump and dump, the etf event could be one of the fuel to trigger the positive movement, for now we can't too rely on the previous investors because they seem to hesitate to put the fund and their investment are diversify in many coins


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teilwalL05
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October 22, 2018, 09:04:38 AM
 #49

We definitely need a huge fresh find that is not coming from whales who want to pump and dump, the etf event could be one of the fuel to trigger the positive movement, for now we can't too rely on the previous investors because they seem to hesitate to put the fund and their investment are diversify in many coins

I really think the ETF is not a great source to fuel up the bull run and I think It doesn't really matter whether we can get a push from them or not Bitcoin would surely have a bull run and even if its not a bull run we can be sure that the price of bitcoin will sure increase,

The previous investors still have something to do with the movement of bitcoin if a large number of them could sell or buy it could generate a big pump or dump, You can not expect much on investors to move the current price if they don't intend to really make it happen all we need to do is wait.
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October 22, 2018, 10:57:11 AM
 #50

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!
what do yuo mean by that is should be conducted supoosed to be this november 5, hmmm if that is true there is something fishy in the ETF i think something is happening under the table, they knew for sure that if its gonna be approve lots of inverstor will come in, and that opprtunity will make them rich as a ddeciding authority. hmmmm
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October 27, 2018, 10:31:10 AM
 #51

It's unlikely that any person or thing will be the reason for a bull run. The acceptance and legalization in different regions can give a pump in my opinion.


How can you be so sure? Did you see what some dose of fear of Tether going bust did to the market? And this wasn't even based on the news, just on the fact that there were some withdrawal delays on Bitfinex and that it had some bank problems. If the news got confirmed and we followed the same pattern we could easily break the bearish trendline and go to 8k USD. In 2013 Willy bot has managed to push the prices up by at least 100% (I'm being modest here). Imagine what would happen if a company like Apple said they're going to endorse BTC and permanently add a wallet to every iOS based device.
Only big investment capital will fuel next bull run. If you want the price to go up, you must invest and stay in bitcoin and also motivate other people to invest in it. By this way the investment cap will increase and it will push price upwards. These days demand for bitcoin is low and that’s the main reason that price is not increasing. Time will set everything gradually.
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October 28, 2018, 04:14:49 AM
 #52

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 believed the group that so called Big whales will be the one that will trigger this bullish run as they have the huge resources at their disposal to pump and dump every Crypto currency. Hopefully that they will start it now so that many crypto users will not leave this investment by next year because of dismay.
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October 28, 2018, 06:09:53 AM
 #53

In my opinion the bull run doesn't need to be fueled by anything to set off a crazy FOMO rally.

All it would take is just for price to start rising rapidly and when it breaks $10K everybody will be like "Ok $6000 was the low and now it will go to $50K " and they will start buying and basically it will become a sellers market again where Bitcoin ATM's will be out of BTC to sell, exchanges will run out of BTC supply, exchanges will be swamped with new user applications and KYC, it will be featured on every Channel on TV, cab drivers will be talking about BTC, etc"

So basically it doesn't need to be fueled by anything to create another rally. However an ETF approval or an Amazon BTC acceptance might be the catalyst.
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October 29, 2018, 05:43:01 AM
 #54

I believed that the last year bull run was due to the Crypto currencies was not well regulated before in which most of the illegal people can hide their dirty money thru Bitcoin or the crypto currencies and that is why the price plunged up during that period but now i don't think that any group could pump up Bitcoin again because of the strict regulation that implemented in every country.
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October 29, 2018, 07:05:27 AM
 #55

so far I haven't seen a bull, it seems we will not see this year's bull. I think the next bull will occur in mid-2019 and the price of bitcoin will reach $ 35k at that time.. according to me ETF that will trigger the next bull.

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October 29, 2018, 08:08:19 AM
 #56

I hope investor confidence in bitcoin is increasing so that this can trigger the bull market, and I hope there will be no more negative news about bitcoin. investor confidence that will trigger the bull market.

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October 29, 2018, 03:48:59 PM
 #57

so far I haven't seen a bull, it seems we will not see this year's bull. I think the next bull will occur in mid-2019 and the price of bitcoin will reach $ 35k at that time.. according to me ETF that will trigger the next bull.
You should not be expecting bull runs or movement to happen out of the blue just like that, things take time to develop so you just have to be a bit patient one way or the other. I know as time goes on we will get to see the market switching to a new trend, the problem with a lot of people is that they do not understand that this is a market that is growing every single day and the best thing they can just do is to relax, take a chill pill and then see the market evolving and growing in the long run than concentrating on the short term.
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November 01, 2018, 10:28:56 AM
 #58

We definitely need a huge fresh find that is not coming from whales who want to pump and dump, the etf event could be one of the fuel to trigger the positive movement, for now we can't too rely on the previous investors because they seem to hesitate to put the fund and their investment are diversify in many coins
I think ETF will not be allowed. We should not wait for ETF and try to increase the market value of bitcoin. It is not easy but also not impossible. We should promote bitcoin in our local communities and tell people about its features and benefits. When people understand bitcoin and realize that it is the future currency, they will definitely put their money in it.
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November 01, 2018, 07:40:23 PM
 #59

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.
Do not be much curious about the opinions and predictions of others because unstable market does not have any certain predictions but we know that no one can disagree with the better future of Bitcoin and you can see that even its low value is many times more than that of other currencies. However, Bull Run depends upon many other investments and I hope that in future the users will increase and we will have a bull run.
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November 01, 2018, 07:50:02 PM
 #60

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.

Institutions and investment funds. Of course when hype start will be people that will push it to new ATH. but to get to the old AH it will happen by those I mention first
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