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Author Topic: ETF and Bakkt will have effect, but BTC halving is the main deal.  (Read 347 times)
odukoyaewatomi27 (OP)
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January 05, 2019, 09:40:10 PM
Merited by motun01 (1)
 #1

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

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qiwoman2
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January 05, 2019, 09:47:28 PM
 #2

I'm hoping by then I have a little portfolio of decent coins and tokens and I will be able to benefit from this next bull run. I have lost everything in this bear market and now on my last leg. If nothing happens in the next two months I am toast and will be forced to leave the altcoin markets for good and leave behind this world of cryptocurrency. I really do hope that I can not fold and will be able to make ends meet and have a life that has benefited from all this and hopefully be able to be successful in being a long term hodler. I am not sure if we will see an ETF this year although everyone things that the SEC will approve the ETF for teh CBEOE, we shall see soon in a few months if it is going to happen.


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chocopapaya
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January 05, 2019, 09:48:58 PM
 #3

I think that making predictions based off of past events has become unreliable.
People predicted a bull run after consensus last march.
Historically that has always been a rallying point after the winter slump yet it didn't happen.

Then people were predicting an end of the year bull run because it has typically happened in the past.
Yet that didn't happen either.

Now I hear people saying 2019 will be bearish because last crash, the market stayed low for 2 years.

I think the fact is, the market is still too young to see any clear patterns.
Add to it that it is still a huge speculative market, there are so many unpredictable elements.

However, by 2020, the market should start showing signs of recover, btc halving or not.

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January 05, 2019, 09:56:04 PM
 #4

I don't think 2019 will still be a bearish market, and the next halving is way too far yet we might have to see such a huge price increase in the market. But first, we will still have to face this bearish market. And I think ETF and Bakkt will have a huge effect on the market, we will just have to give their time and we will see the outcome.

3996
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January 05, 2019, 10:18:50 PM
 #5

this year we will watch this crypto market green again my friend
because of ETF an Bakkt, both will make a huge effect in bitcoin price and just like before,,when bitcoin price jump, others cryptocurrencies will follow  Wink
its too long if we talk about halving for now

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January 05, 2019, 10:52:46 PM
 #6

this year we will watch this crypto market green again my friend
because of ETF an Bakkt, both will make a huge effect in bitcoin price and just like before,,when bitcoin price jump, others cryptocurrencies will follow  Wink
its too long if we talk about halving for now
ETF will get another delay and i don't wanna bet on it. BAKKT should be the main bet for everyone and it has done with more than 132 million dollars have already raised from investors. So far halving will become the main thing to bet next year is the bitcoin halving time.

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January 05, 2019, 10:57:33 PM
 #7

I tend to agree that the next bitcoin block halving will be the catalyst. But a Bakkt future approval will start the ball rolling this year so that at least we can see the market recovered and moving away from the dread $3K range. Also worth noting though that during the last halving in 2016, it took months before we finally see the bull run so don't expect a sudden pump after next year's halving, just saying.

 
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bartusv
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January 05, 2019, 11:25:11 PM
 #8

Both ETF and BAKKT have been postponed several times. Of  course they would have positive impact
on the crypto market as new investors with fresh capital would enter the market.

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January 05, 2019, 11:36:17 PM
 #9

ETF and bakkt have a positive influence on the crypto market. but I see that public trust in crypto is very low. so the effect is very small. high market volume, extensive crypto spread, and every good news, it will make crypto reach the top again.

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January 08, 2019, 08:41:41 AM
 #10

Yes, I judge this too. I think Bitcoin will return to $2,000. I will buy a lot of coins. I don't think the cryptocurrency market will rise. There are still a lot of junk coins, and bitcoin should make them disappear.

Awesomus Maximus
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January 08, 2019, 09:01:52 AM
 #11

I agree with you because it is a no-brainer. The halving will diminish the supply of bitcoins which will lead to increase in price. I think the halving effect will be visible before the actual halving. People will anticipate the  price increase and the market will become bullish much sooner than mid 2020. As far as ETF and Bakkt are concerned I am not really interested in them. People put so much hope in ETF and Bakkt as if bitcoin depends on it. In my opinion they are not important for the long term future of bitcoin. They may lead to short term gains, but long term bitcoin will take care of itself.
 
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January 08, 2019, 09:12:54 AM
 #12

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.
They will just act as the catalyst,if the prices goes bullish means new money will start to flow into the market and it also will causes the prices of cryptos to increase gradually.

New all time high may attained if the adoption reaches new high.

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January 08, 2019, 09:32:38 AM
 #13

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

I totally agree with you. I expect one more thing that can cause the bull run - global financial recession. I believe in this case BTC could become some kind of worldwide hedge asset and some part of worldwide economy will go to BTC market cap.
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January 08, 2019, 03:41:06 PM
 #14

Halving is just a thing in peoples minds that will have effect on bitcoin but in reality it has nothing to do with the price. Miners will be capable of mining less bitcoins due to the amount decreasing however think about how much bitcoin dropped in the past 2 months. Normally two months ago price of mining bitcoin was about 5+ thousand dollars and that is why we kept saying bitcoin will not go under 5.8 thousand dollars since miners wouldn't sell their coins which would make price go up.

However, as soon as price went down miners kept on selling because difficulty started to drop and made the cost of mining a lot less. Which means even if halving drops their profits some of them (the rich ones) can keep on selling for cheap and make others (poors) stop mining and difficulty will drop which will make it profitable for rich ones again.
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January 08, 2019, 04:20:52 PM
 #15

I am not sure about ETF approval soon. I think it will postpone again. Actually my only hope is bakkt. It can be a huge impact to the market. But we can not expect a bullrun as in earlier.
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January 08, 2019, 04:27:21 PM
 #16

I am not sure about ETF approval soon. I think it will postpone again. Actually my only hope is bakkt. It can be a huge impact to the market. But we can not expect a bullrun as in earlier.

Every thing is confidential in Crypto market a lot of speculation are on both ETF and bakkt as there is a lot of hope that the market will recover for sure, I guess there is still opportunity left for the Investors as this is a right time to buy ETH and other coins If the ETF and bakkt launch announces its dates officially I am sure the market will soar up

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Omela44
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January 08, 2019, 06:13:27 PM
 #17

The next Bitcoin halving is hopefully the next impulse for a new bullrun. I have already read that a halving can bring the price up. Hopefully it will be this time too.
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January 08, 2019, 06:33:28 PM
 #18

I think your statement means that this year can be the year of recovery and the real parabolic bull run will come in 2020 after btc halving well it is yet to be seen i mean crypto is very volatile market so i will slightly disagree because i think bull run can happen even this year as it is just a matter of volume and adoption and according to stats the number of crypto users have doubled in last year so personally im bullish about crypto this year.

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January 08, 2019, 06:43:11 PM
 #19

speculation about Bakkt and ETF is over, it will only be a dream. the only chance for market growth is halving bitcoin. so a bull run will never happen before 2020. we will experience a long winter until the halving begins.
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January 08, 2019, 06:49:45 PM
 #20

Can anyone explain the logic behind price surge after halving?
I am suspicious that this was more relevant to the years when the crypto ecosystem was dominated mostly by miners and their agenda was driving the prices.
I think now is a much bigger community and traders and whales play bigger role than those 2 times.
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