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Author Topic: [2019-01-01] Bitcoin to End 2018 With 80% Drop, What Investors Should Expect in  (Read 77 times)
cybersofts
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January 01, 2019, 06:36:03 PM
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Bitcoin to End 2018 With 80% Drop, What Investors Should Expect in 2019

Following one of its biggest bull rallies in history to $19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high.

As Bitcoin enters 2019 with a bear market status having suffered a steep sell-off in December, what can investors expect in the first two quarters of 2019?


Several Catalysts on the Horizon For Bitcoin
In the first quarter of next year, Bakkt, a cryptocurrency liquidity provider and exchange operated by the New York Stock Exchange’s parent company ICE, is set to launch a Bitcoin futures market.

In late 2017, CBOE and CME, two major futures market operators in the U.S., launched strictly regulated Bitcoin futures markets. But, they both are cash-settled markets that have minimal impact on the short-term price trend of digital assets.



BTC/USD | 2018 Performance


According to Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim, Bakkt is a physically settled Bitcoin market that guarantees the delivery of BTC to its investors.

The Bitcoin-settled market of Bakkt could have a significant impact on the price of the dominant cryptocurrency as it will have an effect on the circulating supply of BTC.

He explained:

    Also noteworthy is the fact that Bakkt will custody and deliver real bitcoin. That means institutional inflows would reduce supply and thus (maybe) increase price too. This is different from other regulated futures markets like CME and CBOE, which only deal in cash-settled futures.

The potential effect on the Bitcoin price by Bakkt wholly depends on the demand from U.S. customers the company sees in the first several months of 2019.

Although Bakkt has already become a major catalyst for the recovery of BTC in the minds of many investors, the demand for Bakkt still remains uncertain, and it is possible that due to the recent sell-off, the market does not see a level of interest it initially expected.

It is still too early to determine whether Bakkt could contribute to a meaningful increase in the price of BTC in the mid-term. But, the launch of the first physically-settled Bitcoin futures market in the U.S. is positive for the sector and for the institutionalization of crypto assets as an asset class.

Nasdaq is also set to launch a Bitcoin futures market following the launch of Bakkt, around the time the U.S. Securities and Exchange Commission (SEC) will announce its decision on the VanEck-SolidX Bitcoin exchange-traded fund (ETF) filing.


Will an ETF Happen?
As pro-crypto SEC Commissioner Hester Peirce said, the approval of a Bitcoin ETF could take days or years, and investors should not wait on it.

“Don’t hold your breath. I do caution people to not live or die on when a crypto or bitcoin ETF gets approved. You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]. I am not as charming as some other people,” she said.

Regardless of the ETF, the price of BTC will continue to move based on a cycle. In 2018, the industry has seen some of the most positive developments in recent years, yet it had minimal impact on the price of the asset.

Historically, the asset has taken about 62 weeks on average to recover from a major correction. Analysts generally expect Bitcoin to undergo a gradual recovery by the end of the second quarter of 2019.


Reference: https://www.ccn.com/bitcoin-to-end-2018-with-80-drop-what-investors-should-expect-in-2019/
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January 02, 2019, 03:49:11 PM
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Bitcoin to End 2018 With 80% Drop, What Investors Should Expect in 2019

Until the moment everything remains uncertain, BAKKT as already said in the article may not be able to create a great increase in the price, but if create a little increase will already be significant and if bring more exposure will be very good, the most important in my opinion is get recognition from many governments. about bitcoin ETF I think it will take a long time to be approved

Following one of its biggest bull rallies in history to $19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high.

about this already was something that I believe 90% already knew ... without good news the price always stagnates or falls

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January 02, 2019, 04:49:32 PM
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A lot of expectations are positive with Bakkt and ETF. But we can't be sure with the real impact of it, as said above adoption should come first and we're starting to lean with regulations.

Before, we don't like regulations but now we're starting to like it just to see this drop end.

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January 02, 2019, 06:10:07 PM
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Not every year is same and sometime it is the best year in terms of rise and other tie it crashes. So 2018 was ended as the year where the dip has overpower. So this could also mean that 2019 could be just the better year and would bounce back and may be near to 2017 prices.

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January 02, 2019, 08:53:39 PM
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Bitcoin will rise when those major events take place, bakkt, the halving, an ETC, however it is uncertain when they will take place, except the halving event which has historically resulted in major pumps

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January 03, 2019, 09:53:07 AM
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BAKKT is coming at the time when the certainty of the ETF approval is not yet seeing the light. It is good to note that BAKKT is not modeled after the first futures introduced in 2017 and we are all hoping that this time the influence to Bitcoin can really be felt by the whole market as this is not cash-settled by Bitcoin-settled. I am then expecting that soon institutional investors can be convinced to pour more money into cryptocurrency with the help of BAKKT.

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January 03, 2019, 10:51:49 AM
 #7

A lot of expectations are positive with Bakkt and ETF. But we can't be sure with the real impact of it, as said above adoption should come first and we're starting to lean with regulations.

We really can't tell the effect until we see it. As for now let's say we have to wait. Everything right now is pure speculation. In paper, it really looks good, but we all know how this market operates, if everyone is expecting a upward trend, suddenly the market reacts inversely.

Before, we don't like regulations but now we're starting to like it just to see this drop end.

It's because we really needed something to stir the market again and wanted to see the price goes to the moon. And we think that a Bakkt or Bitcoin ETF is the only savior at the moment.

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January 03, 2019, 07:37:08 PM
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Before, we don't like regulations but now we're starting to like it just to see this drop end.

It was way worse when China was making it look like they were a big deal. Each time the term regulations was mentioned it resulted in a 10-15% sell-off.

I like regulations, mainly for the fact that it halts the stupidity of what we went through last year, the ICO bubble. If governments also actively start chasing down exchanges like Hitbtc and Yobit it would be even better. In the end, with or without regulations, we're going through a cycle we have gone through for years already. Only time will help to bottom out, not regulations.

We never needed any sort of institutional grade platform to pump, and we certainly don't need it now. Bitcoin is nothing in its current form. One bit of an adoption boost is enough to do a x10-x20 from where we are now.

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