thecodebear (OP)
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October 20, 2018, 08:52:56 PM |
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So it's been pretty clear for a month now that the bear market is over and we are in the accumulation phase between bear and bull markets. When do you think the next bull market will begin? I see two possible scenarios, either it starts in November with the release of BAKKT and because by the end of October the price will have clearly broken through the bear market downtrend line, or if the market isn't ready for a bull market yet it'll just continue trading sideways until perhaps January or February at which point we'll see a pop up to $7000s and $8000s to start the bull market.
My conservative guess is February, but my hopeful guess is November.
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davis196
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October 21, 2018, 04:58:14 AM |
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Why so many people are excited about Bakkt?It's a centralized project that will create "bitcoin tokens" backed by bitcoins.It's kinda similar to Tether,but with bitcoins,instead of US dollars.Such projects are doomed to fail. My guess for a big bull run is the end of 2019 or maybe 2020,after the halving.
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pooya87
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October 21, 2018, 05:14:11 AM |
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Why so many people are excited about Bakkt?It's a centralized project that will create "bitcoin tokens" backed by bitcoins.It's kinda similar to Tether,but with bitcoins,instead of US dollars.Such projects are doomed to fail. My guess for a big bull run is the end of 2019 or maybe 2020,after the halving.
i haven't really looked into Bakkt that much but this is the first time i hear this ("creating tokens") thing. what i have heard is that it is more like a regular exchange where you can buy/sell bitcoin anywhere. in any case when it comes to rise, it doesn't matter what it is. what matters is the hype. like the Futures which brought hype and it wasn't even good for bitcoin! but it caused a huge rise. and Bakkt can act the same and initiate the rise. and if price gets out of this stable channel the money will come back with confidence.
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Tytanowy Janusz
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October 21, 2018, 07:24:35 AM |
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Why so many people are excited about Bakkt?It's a centralized project that will create "bitcoin tokens" backed by bitcoins.It's kinda similar to Tether,but with bitcoins,instead of US dollars.Such projects are doomed to fail. My guess for a big bull run is the end of 2019 or maybe 2020,after the halving.
In my opinion we will have in 2019 begining of bull run and pick in 2020 after halving. Than another dump. Halwing will be good for whales to dump coins on fomo demand.
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Xiahouyuan
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October 21, 2018, 07:58:03 AM |
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If I choose the upcoming time of the bull market, then I think it must be approved after the ETF, because this is the most valuable way I have seen this year!
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Dilerium90
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October 21, 2018, 08:36:26 AM |
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I can not say that we are seeing an obvious reversal of the market and just can not say that the bearish trend has ended. Still, you need to wait. There is always an opportunity to fall even lower, but still I am positive and I hope in the middle of November all cryptocurrencies will rise.
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Baofeng
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October 21, 2018, 08:37:02 AM |
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If BAKKT will be the catalyst then it should be around a week before the actual offering date. Or at least around 1st-2nd week of November we're going to see some semblance of a bull run and do hope that the price could at least 5 digit. But if the news around the BAKKT physical bitcoin offerings didn't material because the bear still control the market, then its anyone guess. Obviously, what we can do is expect that some positive things will come 2019 and expect big in 2020 for the halving.
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Rune
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October 21, 2018, 11:33:53 AM |
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If you guys have not noticed yet the bull market for bitcoin is always some time after the halving it takes some time for the supply drop to really kick in but it always happens! and then every altcoin just follows suit same thing every time every 4 years pattern happens it will happen again next one is probably the last one considering the high market cap we are at though last chance to get in.
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Capt00
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October 21, 2018, 11:39:53 AM |
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If BAKKT will be the catalyst then it should be around a week before the actual offering date. Or at least around 1st-2nd week of November we're going to see some semblance of a bull run and do hope that the price could at least 5 digit. But if the news around the BAKKT physical bitcoin offerings didn't material because the bear still control the market, then its anyone guess. Obviously, what we can do is expect that some positive things will come 2019 and expect big in 2020 for the halving.
I also don't think if that BAKKT will help to make the market goes up, as of now the price was at maintain range price we could not easily predict the possible happen due to many whales trying to control the market price. Yes, you are right we expect the possible thing that either this year end or next year bitcoin will raise up more than our expectation. The question is are you ready for the upcoming bull run? Have you invested more bitcoin in your portfolio? Aren't you?
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eann014
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October 21, 2018, 01:08:30 PM |
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So it's been pretty clear for a month now that the bear market is over and we are in the accumulation phase between bear and bull markets. When do you think the next bull market will begin? I see two possible scenarios, either it starts in November with the release of BAKKT and because by the end of October the price will have clearly broken through the bear market downtrend line, or if the market isn't ready for a bull market yet it'll just continue trading sideways until perhaps January or February at which point we'll see a pop up to $7000s and $8000s to start the bull market.
My conservative guess is February, but my hopeful guess is November.
I don't think bitcoin will reach $8k by November, I know that most of us expect that to happen and even $8k is enough for us to have a good amount of bitcoin. As what I can see, bitcoin will just at the average of $6k-$7k by this year, and if the market will go up more than that then I will say it is a bonus for all of us before Christmas or New Years Day. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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palle11
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October 21, 2018, 01:19:55 PM |
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If we keep having a high hope for BAKKT, because it is going to create a bitcoin token or something, that may not get price anywhere just as we have seen with different adoption and regulation but we are still at $6,500. However, the bull time for me is in 2019, this year is just going to consolidate at the price we have now.
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LFC_Bitcoin
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October 21, 2018, 01:37:53 PM |
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Mid 2019 we’ll start a slow grind upwards to around 10k - 12k but the real fireworks usually start 6 months after the halving. We’ll likely see north of 40k per coin mid 2021.
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1Referee
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October 21, 2018, 02:05:09 PM |
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If the bottom isn't in already, it will be in before the end of Q2 in 2019, and with the block halving in mind, I expect that we will see a rapid price increase to break $10,000 once and for all. I don't expect the price to break $20,000 next year, but if it happens anyway, it's a welcome bonus. That's without taking Bakkt or a potential ETF approval into consideration. If Bakkt does what people think it will do, it will help speed up the process of marking a new all time high significantly. We should aim to have a slower form of growth this time, because Bitcoin's network isn't capable of going through yet another bull run. Scaling wise we're a bit further now, but it's just a ~25% improvement that will prove to be peanuts if you really put it to the test. The last thing we want is to yet again see that Bitcoin isn't ready for more growth. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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5ensei
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October 21, 2018, 02:15:33 PM |
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I don't see any clear signs that the bear market is over, the price hasn't gone down but it hasn't actually recovered yet. The sideways trading just shows it has bottomed out but we are still in a low market cap and if it hasn't risen, it could go down
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solarion
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October 21, 2018, 03:16:23 PM |
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I don't see any clear signs that the bear market is over, the price hasn't gone down but it hasn't actually recovered yet. The sideways trading just shows it has bottomed out but we are still in a low market cap and if it hasn't risen, it could go down
This year bear market is continuously affecting the crypto investment but trading is the best opportunity in this situation because still all are earn good profit in trading platform and next bull run is start from December so keep calm or stay here in crypto investment surely it will going to moon. I think many peoples are loose the hope in crypto platform so we should create a awareness of crypto technology then only it will recover in future. I hope end of the year we should expect 2x marketcap in crypto platform.
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naidray
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October 21, 2018, 03:20:35 PM |
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I agree with everyone, if the ETF gets passed than we will see a bull run. However there is another option, even if the etf doesn't get approved we still have some time at our hands enough to actually pump it ourselves with a hype train. If we can manage to make other people believe that the price usually goes up during late November early December like last year than we can get it to a higher price by just that hype.
In order to do that we need a collective "get your bitcoins before its too late" campaign and try to make sure everyone is working together on not selling their coins for a while until the price hits to a new all time high. If we can hold our coins and not sell than the price automatically needs to go up, right now we are dropping in price or staying still because sellers are too many, if we can manage to make sure they are not selling than the price will go up.
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BrewMaster
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October 21, 2018, 03:52:51 PM |
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In my opinion we will have in 2019 begining of bull run and pick in 2020 after halving. Than another dump. Halwing will be good for whales to dump coins on fomo demand.
this is like the safest speculation that you can make about bitcoin that will have the highest chance of coming true! in any case, what i think is that the rising trend will start pretty soon and we will see the bull run follow it up as soon as the fear went out of the market. this can simply be early 2019 bull run and mid 2019 we can see the previous ATH close.
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There is a FOMO brewing...
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BitHodler
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October 21, 2018, 03:58:47 PM |
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I'll go for somewhere in 2020, especially because of how markets tend to do the opposite of what people believe will happen. I do think we'll see a positive change when it comes to the sentiment next year, but not more than that.
We really need to look at the market from an unbiased perspective. I know everyone wants to see the price moon rather today than tomorrow, but it's not up us to decide when that happens.
Bull runs start when no one expects it, which heavily contributes to people fomo'ing in at any price. It happened last year as well. Almost no one dared to short the market anymore after it broke through the $10,000 mark.
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aqila baruroh
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October 21, 2018, 04:42:10 PM |
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in my opinion, the market will begin to improve in early 2019, and the bull market will start from mid 2019. and I predict that bitcoin prices can reach $ 25k by the end of the year.
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October 21, 2018, 05:30:19 PM |
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So it's been pretty clear for a month now that the bear market is over and we are in the accumulation phase between bear and bull markets. When do you think the next bull market will begin? I see two possible scenarios, either it starts in November with the release of BAKKT and because by the end of October the price will have clearly broken through the bear market downtrend line, or if the market isn't ready for a bull market yet it'll just continue trading sideways until perhaps January or February at which point we'll see a pop up to $7000s and $8000s to start the bull market.
My conservative guess is February, but my hopeful guess is November.
Since you said guess I think maybe by next two weeks and that may last till the end of the year. Remember that we have not had any significant bull run this year and end of the years is always time for bull run.
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