No bull market for 2019

[bitgolden]

I'm a bit bullish now so I must say that we are already in the bullish zone. Just look at the price of bitcoin hovering above $5k and I'm speculating that it will reached as high as $5600 before we can see some minor corrections.

But I have no doubt that we will end this year with a bang, at least 5 digits in what I'm seeing. So definitely the bulls has awaken this 2019 and preparation of a massive bull run in 2020.

Even if this year does not come with full bull, we are already in the green zone and this green zone will be more than enough to keep us going and patient till we get to the bull year, many of us believe that the bull year is 2020, time runs fast and before you know it, we will get to the bull year soon, so all we can do now is still to keep accumulating at this green zone.

We should not pay attention to those people that would want to create FUD, FUD does not work now, we are now in the season of FOMO, and so we should only join hands in creating FOMO that will make the green market run faster.

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[futile-resistance]

Never heard about lee but predictions that are quite reasonable, but at least cryptocurrency never go back $3000 in this year or so. in 2020 will be great

He has been predicting since last year but his prediction didn't go well. I stopped and looking at the possibilities of good run for this year. All of you should look at the charts right now. Bitcoin just passed $5,600 in some charts.

And the other charts shows $5,500. Looks like the words of Tom Lee is starting to get into shape but I don't want to expect again with such predictions. I'm still observing the market if we're really going to a good run this year.

We all know what speculations stands for, they are not promises, they are only tools used to appreciate and depreciate the market, Tom lee might prediction may just be speculated to create FUD and at the same time, it might be reality.

Saying there would not be bullish market doesn’t mean that the market will not appreciate, the market will perform well, just like we have been seeing some gradual growth that is building people’s confidence as regards BTC usage, but the speedy increase will require some big players to make some moves and that might not really happen this year again, but we it is not the fact, it is just my own opinion too.

[South Park]

I'm a bit bullish now so I must say that we are already in the bullish zone. Just look at the price of bitcoin hovering above $5k and I'm speculating that it will reached as high as $5600 before we can see some minor corrections.

But I have no doubt that we will end this year with a bang, at least 5 digits in what I'm seeing. So definitely the bulls has awaken this 2019 and preparation of a massive bull run in 2020.

Even if this year does not come with full bull, we are already in the green zone and this green zone will be more than enough to keep us going and patient till we get to the bull year, many of us believe that the bull year is 2020, time runs fast and before you know it, we will get to the bull year soon, so all we can do now is still to keep accumulating at this green zone.

We should not pay attention to those people that would want to create FUD, FUD does not work now, we are now in the season of FOMO, and so we should only join hands in creating FOMO that will make the green market run faster.

We are nowhere close to being in the FOMO stage, that happens when it is clear we are in a bull market and the price begins to bubble very quickly, what we are seeing now is a correction in the price of bitcoin since the price was too low for too long and distortions like that cannot last forever, I really believe the bull market will not start until 2020 at the soonest which means you still have a lot of time to accumulate bitcoin at reasonable prices.

[RodeoX]

Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.

[imstillthebest]

I'm a bit bullish now so I must say that we are already in the bullish zone. Just look at the price of bitcoin hovering above $5k and I'm speculating that it will reached as high as $5600 before we can see some minor corrections.

But I have no doubt that we will end this year with a bang, at least 5 digits in what I'm seeing. So definitely the bulls has awaken this 2019 and preparation of a massive bull run in 2020.

Even if this year does not come with full bull, we are already in the green zone and this green zone will be more than enough to keep us going and patient till we get to the bull year, many of us believe that the bull year is 2020, time runs fast and before you know it, we will get to the bull year soon, so all we can do now is still to keep accumulating at this green zone.

We should not pay attention to those people that would want to create FUD, FUD does not work now, we are now in the season of FOMO, and so we should only join hands in creating FOMO that will make the green market run faster.

Fuds is possible , the decline possible , anything is possible in cryptos  . the price is increasing  and the market is green but this does not mean that the improvement can continue  .  maybe you forget that cryptos are risky ?  Cryptos are too unstable , cryptos are prone to manipulation  .   there several factors that triggers the price to decline and to collapse   .  better not too confident or else your expectations will only disapoint you   .

[bbc.reporter]

Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.

The rich guy having the trust of other rich guys by investing in his investment fund gives him the appearance of an authority figure. It also comes from the people's belief and trust in the bitcoin news media and the mainstream news media where the authority figures are given airtime.



More bullish bitcoin news, more altcoin death news hehehe.

The trader also shared a chart that calls for a BTC dominance target of 64%, up 10% from yesterday’s 54% dominance. What’s not clear, though, is if dominance will rise due to altcoins bleeding further, or due to Bitcoin further rallying.

Another analyst, DonAlt, however, thinks it’s the former, and warns that “capitulation” may just be beginning. He called the messages he received from his followers asking if they should liquidate their altcoin holdings “heartbreaking.”

https://www.newsbtc.com/2019/04/25/bullish-bitcoin-altcoin-carnage-continues/

[STT]

I wouldn't call it heart breaking exactly, the market requires a usage and purpose to each blockchain or its not worth continuing.   Thats competitive capitalism, I see alot worse things occurring whenever competition is eliminated or even outlawed then the worst instances in that system occur and keep on happening until genuine loss and failure to entire ecosystem is caused.     If you ever consider government and all the mistakes made and money lost for no good reason, its often from lack of competition and free market pricing, relying on the force of law without any free innovation and replacement creates failure and loss. 

 Hopefully crypto stays competitive and innovative

[bitgolden]

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

We already have some few bulls in the market, the reflection of one of this is the one that took us partially out of the bear market at the beginning of this month and I strongly think that more of the bulls will be arriving the market soon.

The Bulls we need right now are the ones that will come inform of institutions that will invest on a larger scale, though I don’t see that this year until the next halving, but the smaller bulls we have now will be strong enough to continue pushing the market on a green market till we see the major fundamentals that will cause a big stir in the crypto industry.

[Daboy_Lyle]

No bull market for this year? Really? You can see that bull is now fighting against bears. Their are a lot of changes on the price this past days and if you are spreading that news then you should not a good bitcoiner. I'd rather spread tips or guides how to help the price of bitcoin go back to its all time high price happened on 2017. Let's keep on trusting bitcoin because it will make its own way back to its all time high price or break it.

[onrise]

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .

[South Park]

No bull market for this year? Really? You can see that bull is now fighting against bears. Their are a lot of changes on the price this past days and if you are spreading that news then you should not a good bitcoiner. I'd rather spread tips or guides how to help the price of bitcoin go back to its all time high price happened on 2017. Let's keep on trusting bitcoin because it will make its own way back to its all time high price or break it.

And what kind of tips and guides do you think it will make the price of bitcoin to reach its all time high again? What you are saying does not make sense, most people holding bitcoin have no influence over the markets and instead must adapt to current circumstances on them, besides if we could reach the all time high again by just sharing some tips then the price would have recovered already instead of being barely above a quarter of its highest level.

[Distinctin]

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .

If they buy at dip, they are getting good profit at the price now.
Bull market might make the price to increase more, hopefully will reach $20K again, but the price it's showing now is already a big improvement
and we are seeing the progress of the market shown by this, we have not concluded 2019 yet, so there's more to come and more to expect.

[wildey]

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .

this year's trip is still long, I think it's too fast to conclude there won't be a bull market this year. well, I also think that the price increase has started to get better this year. this year the price of bitcoin starts at $ 4k, and now it's $ 5k. I think it's very likely that the price of bitcoin can reach $ 7k this year.

[2chase]

It has long been necessary to get used to the fact that not all news that comes from media people is useful, I personally have long concluded for myself that you should never trust the statements made by famous people, especially when it comes to some exciting news.

[olumyd]

Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.

In today's crypto world every Tom (no pun intended), Dick or Harry is doing their own technical analysis, and are essentially leaving the fundamentals to random chance. Besides, we already know Bitcoin can be manipulated by a single individual or a specific interest group.

However, what crypto (or Bitcoin in particular) needs is legal mainstream use case spurred on by favorable legislatures that will allow more stores to accept Bitcoin on the lay person's level. Now that's the growing volume worth looking forward to; it's a better fundamental than what's happening in Venezuela, or the hype of big players' on ramp into crypto.

[mirakal]

Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.

In today's crypto world every Tom (no pun intended), Dick or Harry is doing their own technical analysis, and are essentially leaving the fundamentals to random chance. Besides, we already know Bitcoin can be manipulated by a single individual or a specific interest group.

However, what crypto (or Bitcoin in particular) needs is legal mainstream use case spurred on by favorable legislatures that will allow more stores to accept Bitcoin on the lay person's level. Now that's the growing volume worth looking forward to; it's a better fundamental than what's happening in Venezuela, or the hype of big players' on ramp into crypto.

I agree with you, it's really necessary to regulate crypto now, it's been causing too much trouble to the new investor due to rampant scams in the market.
With regulation, it will reduce scams and will increase the adoption, especially the institutional money.

[STT]

The path of regulation ends at the feet of politics and that is the end for the base purpose of crypto which is to avoid the corruption endemic in FIAT systems.    Crypto has to be free market and self regulating as an open market, cavet emptor has been valid logic for thousands of years and legal disputes occur and are settled regardless of the idea of regulators and the implication of taxing a market to pay for that regulation

Simple thing is we need something different in the world not a duplication, I do not see crypto being successful by repetition and reliance on what is already possible

[bbc.reporter]

Tom Lee also mentioned in a tweet that this will have a negative impact unless the purchasers of the IEO are new to the cryptospace. Also, as already reported, $600 million of the tokens have a ready been allocated to bitcoin whales and Asian venture capital firms.

How much of that investment is new money?



Dovey Wan, the founding partner of Primitive Ventures, revealed that Bitfinex was planning to raise $1 billion through the sale of company-branded crypto tokens through an on-platform initial coin offering, more commonly referred to as an IEO.

Per a document published by Chinese cryptocurrency investor Zhao Dong, first reported on by The Block, however, the IEO is entirely legit. As Wan revealed, Bitfinex does intend to sell $1 billion of the cryptocurrency. Funnily enough, however, Larry Cermak of The Block has said that $600 million of the funding round has already been allocated to private investors, reported to be industry insiders, Bitcoin whales, and Asian venture capital firms.

While this news seems to be independent of the broader cryptocurrency market, Tom Lee, Fundstrat’s head of research, has postulated that this $1 billion raise could actually be a negative price action catalyst for Bitcoin. The prominent commentator explains that $1 billion worth of new tokens will have a negative impact on BTC and other digital assets, as the market needs to “absorb” an influx of LEO tokens.

As Lee notes, “Bitcoin miners sell $7mm per day, so a $1 billion IEO is essentially 142 days worth of miner selling taking place in one day.”

Source https://www.newsbtc.com/2019/05/05/fundstrat-bitfinex-1b-ieo-raise-could-pressure-bitcoin-lower/

[Pattart]

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .

The price increase that has occurred is not necessarily a bull run, it could be just a normal pump price. but I admit that condition are far better now than last year. and the possibility for a bull run to occur certainly exists, moreover halving getting closer

[BigBos]

Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.