Bitcoin Sparks Imminent Crypto Bull Stampede with 44% Gains in 2019

[cybersofts]

Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside oil.

     2019 Returns...
   - Bitcoin $BTC: +39%
   - Oil $USO: +38%
   - Nasdaq 100 $QQQ: +22%
   - S&P 500 $SPY: +17%
   - Small Caps $IWM: +17%
   - MLPs $AMLP: +16%
   - REITs $VNQ: +15%
   - EM $EEM: +14%
   - EAFE $EFA: +13%
   - Commodities $DBC: +12%
   - High Yield $HYG: +8%
   - Investment Grade $LQD: +6%
   - Bonds $AGG: +2%
   - Gold $GLD: -1%

   Twitter: @charliebilello | https://twitter.com/charliebilello/status/1119218063486914560   

The initial 20 percent rally from bitcoin in early April from $4,200 to $5,000 drastically changed the sentiment around the crypto market and investors generally expected bitcoin and the rest of the market to slow down following a strong upside movement.

In the past few days, bitcoin has continued to increase in value, surpassing $5,300 to record a 32 percent increase in price within one month.


Reference: https://www.ccn.com/bitcoin-44-ytd-gain-crypto-bull-market-imminent

[Ailmand]

It is really difficult to speculate what could happen next to thw market. The market had been swinging up and down and recovering in a slower pace. This is better than how the market was last year where the market had constanly stayed stale.

Let's just hope that BNB could really help the whole crypto market as how ethereum did on the last bull-market. It's difficult to speculate the market, so let's just sit and wait and be ready for what is coming next.

[Botnake]

If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.
I'm optimistic but I'll remain realistic, anyway this news is good, and hopefully we will continue to be bullish and new investors will be attracted putting their money in crypto.

[Pearls Before Swine]

If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.

Anything can happen with bitcoin and there is no telling if bitcoin is going to remain on that list by year's end.  From the looks of it, there must be a lot of money out there floating around which investors are using to inflate all of these assets.  If interest rates start to rise, watch out.

Let's just hope that BNB could really help the whole crypto market as how ethereum did on the last bull-market.

Call me an ignoramus, but how is BNB supposed to do that?  I also don't recall ETH doing much of anything except increasing in price in step with bitcoin.

Thanks for the cheery report, cybersofts.  Though I may come off as a grump, I am enjoying the renewed interest in bitcoin and its sharp rise. 

[talkbitcoin]

Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320,
2019 Returns...

you can't say it is a "yearly" return in 2019 but only use the price of the past couple of weeks.
the lowest price that bitcoin reached was about $3100 and the highest was $5500. and it stayed around $3100 quite some time so it was the accumulation place and should be used as the bottom price to calculate the returns which makes it about >75% return

[Haunebu]

If we will stop at the current price it will be good, but knowing bitcoin and crypto, dump could also happen.
I'm optimistic but I'll remain realistic, anyway this news is good, and hopefully we will continue to be bullish and new investors will be attracted putting their money in crypto.

Am not expecting any kind of dump anytime soon since Bitcoin is slowly rising in value in an organic manner and this is not some kind of FOMO rally. Instead, Bitcoin will continue to grow and record even higher gains in 2019 setting it up for a huge bull run(Probably) in 2020.

[Bitinity]

So what about your opinion OP? You are sharing a news only without giving a single word to say about the news on ccn.
I do even think that bitcoin should not be compared to other assets as the volatility of bitcoin is much more higher than other assets. It may get dumped crazily and pumped crazily without any prior notice unlike the other assets where the price movement is more stable.

[leea-1334]

I would not be overly happy with this news. Already 44% seems a struggle, and we were helped along by the magical and mysterious 20% increase in one day after April Fools, so let us not forget it was already a huge climb, with a lot of effort already put in. To go higher needs even more effort from more people, and they are so many people waiting as sellers to take instant profit at $6000 (2x value from $3000). Who would not want that in a few months right?

[Quidat]

I would not be overly happy with this news. Already 44% seems a struggle, and we were helped along by the magical and mysterious 20% increase in one day after April Fools, so let us not forget it was already a huge climb, with a lot of effort already put in. To go higher needs even more effort from more people, and they are so many people waiting as sellers to take instant profit at $6000 (2x value from $3000). Who would not want that in a few months right?

With that mysterious 20% rise after April fools day isnt really called an effort.We didnt even know on what are the things do trigger out that price rise.There are some reports like those 20k
buy orders on different exchange but i do say it isnt really enough a reason for such double digit rise on a short span of time.Anything can happen either it do increase even more on next months to come or even on next week or days.We wont know.

[Sithara007]

We need to remember that the exchange rates had fallen 85% from the ATH reached way back in 2017. Even at current levels, we are more than 70% down form the peak levels. I would say that it is too early to brag about this rise, as we don't even know if it can sustain on its own. Our first target should be $10,000 per coin, but as you can see there is a long way to go, before we reach there.

[maianh09]

Based on your list, I found that Bitcoin has a better growth rate than all other industries. I believe that with the current growth rate Bitcoin will continue to increase strength and leave other competitors in the investment sector. This will affect the investment trend of investors, and I believe Bitcoin will soon get significant investments.

[markus124]

I feel that the truly BULL RUN will start in 2020 since we are getting close to the halvening. Besides people will have to pay taxes early 2020 and i imagine the price declining but after that we could have a massive BULL RUN. It doesnt matter tho. You just need to hold does BTC strong and try to increase your stash!

[hugeblack]

If we want to look at it from a broader perspective, the price has risen more than 10,000% in 10 years, compared with the rest of the assets will lead to wrong results because this technology is new.

The last rise was due to a drop to 4000 after it was above 6000 due to the manipulation of some forks "SV & BCH."
The price is now growing slowly and at a fast pace so it is likely to return to $ 6000 soon.

[Kevin77]

You created a topic called 44% gains, than you have written on your initial post how it went up in 44% then you listed it as 39%, why is that ?  Has the price changed while you were writing or something ?

I mean bitcoin is not based on something like some of the other ones you mentioned, oil for example literally helps world go around because without oil we would have to rely on alternative energy and we are not there yet, we are trying to be but not yet.

Gold and all that is also valuable for the past 3000+ years. Bitcoin however out-profiting nasdaq and nyse really makes me happy because after all that is what we should be going against, stock markets are shady and doing business in the most illegal way ever while still getting away with it whereas bitcoin is the most pure form of money and it should be of course out
performing them.

[iamMhew]

Sooner or later, investors who hasn’t dive in to crypto market shall follow suit. And these will reach the current bull run into a new heights. They dont want to get left behind.

[Adriano2010]

Indeed is a good sign that bitcoin grow and i will think the whole year bitcoin will continue grow and most of holders can get a good profit if still hold and buy more.

[tippytoes]

You created a topic called 44% gains, than you have written on your initial post how it went up in 44% then you listed it as 39%, why is that ?  Has the price changed while you were writing or something ?

I mean bitcoin is not based on something like some of the other ones you mentioned, oil for example literally helps world go around because without oil we would have to rely on alternative energy and we are not there yet, we are trying to be but not yet.

Gold and all that is also valuable for the past 3000+ years. Bitcoin however out-profiting nasdaq and nyse really makes me happy because after all that is what we should be going against, stock markets are shady and doing business in the most illegal way ever while still getting away with it whereas bitcoin is the most pure form of money and it should be of course out
performing them.

Yes, the OP should be consistent with the title and the content of his post. But saw at the very beginning of his post where 44% is coming from. Bitcoin is gaining traction even for ordinary users because of the benefits that it brings to them (i.e. convenience, tx fees in remittance, etc.). So it is not surprising that there will be such increase of price in the crypto market.

Year-to-date, the bitcoin price has increased by 44 percent against the U.S. dollar from $3,700 to $5,320, becoming one of the best-performing assets in the global market alongside oil.

2019 Returns...
   - Bitcoin $BTC: +39%
 

[carter34]

Indeed is a good sign that bitcoin grow and i will think the whole year bitcoin will continue grow and most of holders can get a good profit if still hold and buy more.

I think the light is already beaming on bitcoin this year, you are right. I also believe that there will be a reasonable increase this year, if not another ATH.

[kaya11]

Now we just need for the Big Players in the market to get on the boat. It is slowly getting to what  I expected, maybe we can reach 6k USD before the months'd end? I am alredy packed up and my savings are ready, just gonna have to go and buy more of Bitcoin. The bullrunwill start any time sooner that expected, hodl guys!

[alisafidel58]

Sooner or later, investors who hasn’t dive in to crypto market shall follow suit. And these will reach the current bull run into a new heights. They dont want to get left behind.

Like what they did in the past 2017 when there was a huge Bullrun and those who manage to join the bandwagon easily lost their investment. Bitcoin investors nowadays have learned in the past, well some of them are still clinging to the coin that they bought around 18k-20k. The rapid downfall of the price that happened in 2018 is still being heard up to this day that's why the new investor is taking caution when investing to bitcoin.