The Crypto Enviroment is Changing

[tk808]

For the past 3-4 months, there has been drastic shifts in the world of crypto. I firmly believe that the markets did reach the bottom in early Dec. 2018, where Bitcoin hit 3300 and ETH was trading around 82usd. Since then, there's been a significant rebound for most altcoins; almost on par with a minor altcoin spring that has/is occurring.  

Today, many altcoins have surpassed or nearing their ATH vs BTC valuation. More notable coins are nearing their ATH in USD valuation. What this all means is that Bitcoin's dominance over the markets will continue to dwindle, as it's contending with forthcoming specific-niche oriented multi-million dollar/billion-dollar businesses. This is quite healthy for the entire crypto climate, because where there's money to be made and upcoming competition, many real-world businesses will rise to the challenge and throw their capital into various of cryptocurrencies or crypto-related businesses. More and more money will be poured in, to gain market share either directly through cryptos or through related businesses.

Culminating with all that, there's many signs that point towards fully legitimizing cryptos (in the public eye), notably the SEC, through regulations and potentially the long-awaited (and hyped) BTC ETF approval. If that occurs, then almost all of U.S.'s allies will follow suite with similar regulations. This is why SEC is really a pivotal point in determining the future of crypto atm.

To a lesser degree, crypto has been behaving inversely to the world-market sentiments, for the past 3-months or so crypto's valuation can be somewhat correlated with what's happening in the world markets. A lot of unrest and a lot of indicators pointing towards a global recession nearing soon.


When regulations collide with a negative sentiment world-market and when BTC halves in 2020, we could be seeing a major bull-run occurring during or after those times. I'm not a fortune teller, but the evidence and most movement is increasingly depicting a more positive crypto atmosphere and climate as a whole now and in the near future. In 2017-2018 the bullmarket was driven by freshness and mostly FOMO. Crypto as a whole today, has never witnessed more market and business movements; that's not seen as changing anytime soon. This all leads into a solidification of infrastructure and use, where real value is going to be derived from for all cryptos.

[BKrex]

I cannot but admire your dept of knowledge when it comes to crypto sphere,going by the trend,everything could fall in line with your analysis,we might be witnessing a bull run come 2020.

[legendster]

To a lesser degree, crypto has been behaving inversely to the world-market sentiments, for the past 3-months or so crypto's valuation can be somewhat correlated with what's happening in the world markets. A lot of unrest and a lot of indicators pointing towards a global recession nearing soon.

If true, I'll be interested in seeing a graph that plots and correlates the major world events in the world and compare it against a unified metric that permeates throughout the crypto market, its total worth in us dollars maybe?

[tippytoes]

In 2017-2018 the bullmarket was driven by freshness and mostly FOMO. Crypto as a whole today, has never witnessed more market and business movements; that's not seen as changing anytime soon. This all leads into a solidification of infrastructure and use, where real value is going to be derived from for all cryptos.

First things first. Are you a writer by any chance? Or just love writing sensible topics regarding crypto? 

Crypto has been invading a lot of businesses in a good way. Business owners are now realizing the benefits of this technology when it comes to their operations. And this is not just riding the hype but actual understanding that crypto will change the way they handle their businesses. And with such movement, this will have a positive impact in the crypto market.

[Wittny]

Your analysis are good, you did a great job for thinking upto that extent. Bitcoin and all other cryptocurrency project will definetly pump very soon, crypto getting better and better everyday.

[OluwaTosin10]

Your analysis are very educating and yes the environment has changed and is changing

But it is changing for the better
With good developments, perfect adoptions and swift progress and also reduction in scam icos

The only negative is the hacking of exchange platform which is sad

[heritage35]

~

I do not just admire, but I crave for a knowledge of this sort.
From all indications, there is every tendency for the market, not just to surge in by next year 2020, but for the space to experience another phase of bull run, which will be higher.
For the fact that crypto enthusiast and perhaps potential crypto investors have this at the back of their minds, the uptrend will commence from year 2019. So there will be a drastic change on a positive note towards the end of this year.

[Maria Dent]

 The negative issues make people curious about cryptocurrency, then they try to find out the truth. Some of them potentially stay to start working on crypto after they know many advantages of crypto. I am also not afraid to see many coins now, it actually makes the market more alive and dynamic. We shouldn't be panic and hopeless with the current market situation. A new crypto era has just begun. Crypto communities are always increasing and this increases public confidence in crypto, we can see altcoins with new and developing projects to provide convenience in every system they offer, I think the situation of crypto price decline has not affected the increasing number of crypto communities

[Bitbtc8]

As a matter of fact even after noticing the bad market price in 2018 I did believe that 2020 will be the year that will eventually repeat history in a more graded manner ,no FOMO this time next bullrun will be all about adoption rate whether they like it or not, better money will flow in even before 2020

[Ucy]

Most of those altcoins crashed way more than Bitcoin during the 2018 crash.  So their few quick recovery should come as a surprise. Example: A Bitcoin clone  traded as high as 2000 compare to Bitcoin high of 20000. Now compare their current prices to former prices to understand who lost the most

[Bttzed03]

Culminating with all that, there's many signs that point towards fully legitimizing cryptos (in the public eye), notably the SEC, through regulations and potentially the long-awaited (and hyped) BTC ETF approval. If that occurs, then almost all of U.S.'s allies will follow suite with similar regulations. This is why SEC is really a pivotal point in determining the future of crypto atm.

This one I fully agree. Some are trying to downplay the effect or the influence of the U.S. SEC on the future of cryptocurrencies. They say it's only in the US but what they do not get is that it could be a precedent for other countries. 
 

[donass1]

For the past 3-4 months, there has been drastic shifts in the world of crypto. I firmly believe that the markets did reach the bottom in early Dec. 2018, where Bitcoin hit 3300 and ETH was trading around 82usd. Since then, there's been a significant rebound for most altcoins; almost on par with a minor altcoin spring that has/is occurring.  

Today, many altcoins have surpassed or nearing their ATH vs BTC valuation. More notable coins are nearing their ATH in USD valuation. What this all means is that Bitcoin's dominance over the markets will continue to dwindle, as it's contending with forthcoming specific-niche oriented multi-million dollar/billion-dollar businesses. This is quite healthy for the entire crypto climate, because where there's money to be made and upcoming competition, many real-world businesses will rise to the challenge and throw their capital into various of cryptocurrencies or crypto-related businesses. More and more money will be poured in, to gain market share either directly through cryptos or through related businesses.

Culminating with all that, there's many signs that point towards fully legitimizing cryptos (in the public eye), notably the SEC, through regulations and potentially the long-awaited (and hyped) BTC ETF approval. If that occurs, then almost all of U.S.'s allies will follow suite with similar regulations. This is why SEC is really a pivotal point in determining the future of crypto atm.

To a lesser degree, crypto has been behaving inversely to the world-market sentiments, for the past 3-months or so crypto's valuation can be somewhat correlated with what's happening in the world markets. A lot of unrest and a lot of indicators pointing towards a global recession nearing soon.


When regulations collide with a negative sentiment world-market and when BTC halves in 2020, we could be seeing a major bull-run occurring during or after those times. I'm not a fortune teller, but the evidence and most movement is increasingly depicting a more positive crypto atmosphere and climate as a whole now and in the near future. In 2017-2018 the bullmarket was driven by freshness and mostly FOMO. Crypto as a whole today, has never witnessed more market and business movements; that's not seen as changing anytime soon. This all leads into a solidification of infrastructure and use, where real value is going to be derived from for all cryptos.

The cryptocurency market or industry is still very young despite its success so far when compared to its counterparts like stocks, forex and real estate sector and as such have witnessed tremendous growth. It is expected to evolve more into a less volatile state in the near future

[ronwewee]

I cannot but admire your dept of knowledge when it comes to crypto sphere,going by the trend,everything could fall in line with your analysis,we might be witnessing a bull run come 2020.

Well, basically with different people joining and adopting in crypto currency space at the current moment, more things can change, one thing is the way how people will going to understand the sphere, not the same as before as information is disseminated in a compact way with full of accurate and health info, not the same as now when there are too many people posting on thread with the lack of knowledge about a certain topic which can be misleading.

[crenfrosck]

This is what I have been talking about for a while: it takes just a bit of effort to spot the whole movement toward an implementation of crypto to everyday life and interest from investors is on rise. They can see how much more mature the whole space has become and they would like to take a part in the probably next technological revolution. However, we have to keep calm as nothing has to be what it seems, but this small continuous changes are making very positive vibes.

[jossiel]

Great read, I hope that you'll create more contents like this in the future while we're waiting for that bullish day.

I totally agree about the halving, it's what I've been waiting for and definitely many have been leaning on that day that after it, the major bull run will come backing up that event. It all happened before and we've seen the rise after it.

[trashman43]

The crypto Environment is indeed changing. These changes are the indications that the crypto space is growing with more individuals  gradually understanding the purpose and mission of this space.  I get excited when people share their in-depth knowledge about how they see the crypto space, thanks for the enlightenment with your post.  

[MiniMountain]

Since we already reached the bottom then there is no choice but for market to go up and make a new ATH, if I remember correctly the approval for SEC regarding BTC ETF should have a final answer this April 2019 right?

[dominos]

Today, many altcoins have surpassed or nearing their ATH vs BTC valuation. More notable coins are nearing their ATH in USD valuation.

Well, sorry but what are you talking about? Can you give me that examples from let's say TOP50 coinmarketcap list without tokens like BNB?

[tk808]

Today, many altcoins have surpassed or nearing their ATH vs BTC valuation. More notable coins are nearing their ATH in USD valuation.

Well, sorry but what are you talking about? Can you give me that examples from let's say TOP50 coinmarketcap list without tokens like BNB?

A few notable ones (that's not BNB and that have been around since at least 2017 - first half of 2018, experiencing the major BTC decline), coins like LINK, ENJIN, Raven, LTC and many others in the top 100. Other coins like Waves have come close to their BTC valuations (around 50% of it), while Bitcoin is still valued around 25% from it's ATH (we're in an intermediary period, since there was major market movements, so i can't comment on that atm, some alts will correct accordingly to adjust).

The entire point here is that some altcoin's dominance continues to grow on Bitcoin, essentially divergence as time progresses forward. When coins reach close to their BTC valuations, and lets say people predict Bitcoin will reclaim grounds of 10k.. 15k..100k and etc, those specific altcoins have matured over BTC and will be worth (in USD and BTC) their most ever. Coins can hit ATH in USD, strictly because they are paired or valued on Bitcoin's price (for the most part, CMC). It's more rare that coins hit ATH vs BTC, while reflecting valuations lower than their ATH vs USD. It's even more rare to see both come together, in the case of Raven, ENJIN and BNB soon. So, if Bitcoin continues to increase to 10k, these altcoins will his ATH at every moment in time

I'll reserve my opinions on BNB, but if you're playing closer attention to the market, it actually has decreased inversely to BTC valuation over the past 7days.


---- Shift in topic / off-topic ----

Ultimately, why is BTC vs altcoin valuations important? Because, everything in crypto is directly paired or linked with Bitcoin in one shape or form, from exchanges and etc. There has been tendency to move away from this, by pairing ETH and other alts. The more significant movements is pairing with stablecoins, which further reflects on divergence away from a crypto-crypto centered market dominated by only Bitcoin.


For the most part though, the majority of alts still behave and will continue to correlated according to Bitcoin's price movements. There are many more outliers today and the outliers will continue to increase with time, as the markets diverge away from being dominated solely by Bitcoin's movements. It's not uncommon for random altcoins to diverge and go on a pump-spree, this was pretty common even 4 years ago, but all-in-all, it's not uncommon for some altcoin bullish movements to pave the way for many more altcoin movements.


The graphic below depicts Bitcoin dominance. Ofc it's because there are more and more altcoins per day, but some altcoins are also overtaking and growing against Bitcoin's dominance. Again this is due to a surge of new valued coins, but Bitcoin is losing ground due to 1000 cuts. We did see Bitcoin dominance shrink to like 43-44% in 2017, Bitcoin recovered to 55% total dominance (during mid-winter), but that's again shrinking indicating a bull-market (imo) is occurring (we saw it happen in 2017), starting or truly about to begin (that doesn't mean that we are not going to potentially see losses again btw).

https://coinmarketcap.com/charts/

I can get more into this, there's ofc some nuances and arguments against what was stated, i know many of those arguments already. I did shift the topic here quite a bit, and went into some discussions about Bitcoin's dominance. There's no denying the trend for altcoins is in-fact, changing (growing) and that's because of money, legitimacy and infrastructure.

[Cosbycoin]

I cannot but admire your dept of knowledge when it comes to crypto sphere,going by the trend,everything could fall in line with your analysis,we might be witnessing a bull run come 2020.

2020 will be a continuation of the bull run and not just the beginning of the bull run, my best guess is that we are going to see a major bull run in crypto at the fourth quarter of the year when so many people have given up already and not expecting it, then this bull run is going to last for a very long while, we might see it happen for 6 months before we begin to see a dip again in the price of bitcoin because users will begin to take profit.