[2019-05-16] Bitcoin Bull Run Could Eclipse The Last Crypto Bubble

[CryptoBry]

 

As the leading crypto by market cap dusts itself off and picks itself up following an 85% fall over the last two years, bullish sentiment and exuberance are once again surrounding Bitcoin and the rest of the crypto market.

With a bottom essentially confirmed, the price of Bitcoin has risen sharply due to FOMO. The resurgence of speculative hope has caused may crypto analysts to reflect on the last crypto bull run that took Bitcoin to its all-time high of $20,000, and consider what’s changed since that could lead to an even larger bull run this time around.

Most crypto analysts expect the next bull run to eclipse all gains witnessed during the 2016-2017 bull cycle, and for good reason. One argument for why the next bull run will be “biblical” will be once again due to the public’s FOMO. “Normies” as one analyst calls them, now know that $20,000 BTC is possible, which could cause them to flock to the crypto asset in fear of missing out on another massive rally.

Source is here.


So we are now seeing may predictions that this time around the bull run can be so good it can surpass the $20,000 level in 2017. Many analysts are taking into consideration that we now have many good options, platforms and developments that never existed in 2017. Some of these factors are the presence of players like Cash App, Fidelity, Etrade, TD Ameritrade, Bakkt, ErisX, Robinhood and the rest of the gang. Right now, I am sure that institutional money can be coming in to the Bitcoin bandwagon as they don't want to experience FOMO and wanted to have a ride with the bull and make some profits. Plus the more that we read and assimilate positive news in both the mainstream and crypto-related media, the more that people are stimulated to go for Bitcoin.

Will it be: Bitcoin for the win?

[Slow death]

I read the article and I did not see very strong arguments about why the price is increasing a lot if we remember, last year when the price was falling a lot we also had all that the article said and even then the price was falling a lot... I believe that the price is rising because the people realized that 1 year left for bitcoin halving and to get a lot of profit, they started to buy early

[joniboini]

This is your typical media news. If the price increase +10% a day they'll be very optimistic and vice versa.

I believe that the price is rising because the people realized that 1 year left for bitcoin halving and to get a lot of profit, they started to buy early

I do believe that some fundamental news also affects the current price movement. But can't know the exact reasons for sure, the market behaves in a strange way, but historically speaking the halving day is definitely one of the reasons why the price could increase.

[Kakmakr]

I doubt if "Normies" will be the driving force in the next Bull run, because a lot of them have burnt their fingers in the previous Bull run. I think the entry of more experienced institutional traders, will push the price to the Moon and the "Normies" will be too late for the party. <Institutional investors will use whale trading strategies to manipulate the price and "Normies" will once again fall for that.>

We are also seeing that ICOs are entering a more regulated environment with the introduction of Initial Exchange Offerings (IEO) and this will also push the demand for coins. 

[BitHodler]

I believe that the price is rising because the people realized that 1 year left for bitcoin halving and to get a lot of profit, they started to buy early

Not this early on. I'm quite sure that institutions are playing with Bitcoin right now, where the average joes will jump in later on, when there are just a few months left before the block halving takes place.

I haven't seen much of a change in hashrate with how the price has more than doubled in a matter of months, which means that miners are having a great time utilizing the lack of circulating mining hardware.

[1Referee]

I haven't seen much of a change in hashrate with how the price has more than doubled in a matter of months, which means that miners are having a great time utilizing the lack of circulating mining hardware.

Not really surprising that the hashrate isn't spiking up. 2018 was a horror year for Bitmain & Co.

If the price manages to stay above $6000 or go up higher, I am certain that in a month or two, perhaps three, the hashrate will increase parabolically. I did however notice higher hashrate lows, which is a good thing because that does indicate that more miners are being put to work.

Another thing that might contribute to a somewhat stable hashrate is that Bitmain's plan to fire up 200,000 miners will probably wait till they have enough paid orders in so that the difficulty doesn't rise too sharply, because that would discourage potential buyers.

[Kemarit]

I doubt if "Normies" will be the driving force in the next Bull run, because a lot of them have burnt their fingers in the previous Bull run. I think the entry of more experienced institutional traders, will push the price to the Moon and the "Normies" will be too late for the party. <Institutional investors will use whale trading strategies to manipulate the price and "Normies" will once again fall for that.>

It's a cycle, those who got burned in 2017 went out mid year 2018. But I'm sure they have learned their lessons very well. But a new set will come in again when the price is above to take off next year.

If the price manages to stay above $6000 or go up higher, I am certain that in a month or two, perhaps three, the hashrate will increase parabolically. I did however notice higher hashrate lows, which is a good thing because that does indicate that more miners are being put to work.

Yep, this could be the breaking point for miners, if the price hovers $6000 again in the next couple of months, I'm sure it will be 'attractive' for miners to get back into the business again.

[rodel caling]

I read the article and I did not see very strong arguments about why the price is increasing a lot if we remember, last year when the price was falling a lot we also had all that the article said and even then the price was falling a lot... I believe that the price is rising because the people realized that 1 year left for bitcoin halving and to get a lot of profit, they started to buy early

I agree mate no bigger argument, only one thing i can see why bitcoin fast increase in the market cap because investors starting to invest again in bitcoin, compare the last year situation of bitcoin price their are so manny speculation and prediction bitcoin will rise Before end of the year of 2018 but sad to say their nothing price increase happen so meaning depends on the demand of the market investing volume.

[webtricks]

I read the article and I did not see very strong arguments about why the price is increasing a lot if we remember, last year when the price was falling a lot we also had all that the article said and even then the price was falling a lot...

True! Such articles keep coming, after all these news writers have to write something for sites when they are getting regular pay and there is no new event in Crypto Domain.
It is really hard to predict future in crypto market. We all were yelling bull-bull from last 14 months. But when it actually came, no one was able to predict it until very late.

I believe that the price is rising because the people realized that 1 year left for bitcoin halving and to get a lot of profit, they started to buy early

I don't think so. Most of the crypto investors aren't even aware of the concept of Halving. Halving will surely create buzz and will push btc prices up but it is too early to state that rise is due to public speculation of halving.

[mindrust]

As long as there is demand, there will always be another bull run (and a following bear run) It may took multiple years but it'll eventually come. There were shit loads of people who filled their bags since the day btc hit $6k-5k-4k-3k-and back to $6k. Many people started to accumulate the day it hit $6k last year and thought that was the dip, then it went as low $3k but those people didn't sell, they kept buying. How do i know? Because it didn't go lower than $3k. Otherwise It would have gone blow $1k. There support at $3k is solid as fuck now. (which is higher than the last ATH- $1200)

If the support wasn't enough to hold, I would be scared as fuck now because that would mean bitcoin was going to die slowly. (BTC never went below the last ATH in the bear run)

From that $3k, BTC will build up up up up and in 2 years (next year would be better) we'll see another ATH. Then, another multi year bear will happen. (hopefully it won't go lower than $20k)

[shamc]

Normies will see the profits they have missed out on already after failing to invest when it was $4000, now it has almost doubled they are still thinking about it. After it goes past $10k they will really regret at not purchasing. After hitting 20K again, they will hate themselves forever

[Fabienne_ayy]

https://pbs.twimg.com/media/D6gwtCbUYAA4uPA.jpg

As the leading crypto by market cap dusts itself off and picks itself up following an 85% fall over the last two years, bullish sentiment and exuberance are once again surrounding Bitcoin and the rest of the crypto market.

With a bottom essentially confirmed, the price of Bitcoin has risen sharply due to FOMO. The resurgence of speculative hope has caused may crypto analysts to reflect on the last crypto bull run that took Bitcoin to its all-time high of $20,000, and consider what’s changed since that could lead to an even larger bull run this time around.

Most crypto analysts expect the next bull run to eclipse all gains witnessed during the 2016-2017 bull cycle, and for good reason. One argument for why the next bull run will be “biblical” will be once again due to the public’s FOMO. “Normies” as one analyst calls them, now know that $20,000 BTC is possible, which could cause them to flock to the crypto asset in fear of missing out on another massive rally.

Source is here.


So we are now seeing may predictions that this time around the bull run can be so good it can surpass the $20,000 level in 2017. Many analysts are taking into consideration that we now have many good options, platforms and developments that never existed in 2017. Some of these factors are the presence of players like Cash App, Fidelity, Etrade, TD Ameritrade, Bakkt, ErisX, Robinhood and the rest of the gang. Right now, I am sure that institutional money can be coming in to the Bitcoin bandwagon as they don't want to experience FOMO and wanted to have a ride with the bull and make some profits. Plus the more that we read and assimilate positive news in both the mainstream and crypto-related media, the more that people are stimulated to go for Bitcoin.

Will it be: Bitcoin for the win?

This week’s fall down is really suspicious, I still can’t understand the reason... will it go back to $3k?

[Ozero]

As the leading crypto by market cap dusts itself off and picks itself up following an 85% fall over the last two years, bullish sentiment and exuberance are once again surrounding Bitcoin and the rest of the crypto market.

With a bottom essentially confirmed, the price of Bitcoin has risen sharply due to FOMO. The resurgence of speculative hope has caused may crypto analysts to reflect on the last crypto bull run that took Bitcoin to its all-time high of $20,000, and consider what’s changed since that could lead to an even larger bull run this time around.

Most crypto analysts expect the next bull run to eclipse all gains witnessed during the 2016-2017 bull cycle, and for good reason. One argument for why the next bull run will be “biblical” will be once again due to the public’s FOMO. “Normies” as one analyst calls them, now know that $20,000 BTC is possible, which could cause them to flock to the crypto asset in fear of missing out on another massive rally.

Source is here.


So we are now seeing may predictions that this time around the bull run can be so good it can surpass the $20,000 level in 2017. Many analysts are taking into consideration that we now have many good options, platforms and developments that never existed in 2017. Some of these factors are the presence of players like Cash App, Fidelity, Etrade, TD Ameritrade, Bakkt, ErisX, Robinhood and the rest of the gang. Right now, I am sure that institutional money can be coming in to the Bitcoin bandwagon as they don't want to experience FOMO and wanted to have a ride with the bull and make some profits. Plus the more that we read and assimilate positive news in both the mainstream and crypto-related media, the more that people are stimulated to go for Bitcoin.

Will it be: Bitcoin for the win?

This week’s fall down is really suspicious, I still can’t understand the reason... will it go back to $3k?

Bitcoin should periodically retreat to the correction after the next price increase. Only after correction can it grow further. Therefore, the current fall in Bitcoin prices is quite normal and more likely indicates its intention to grow further.
However, hardly this year Bitcoin can even come close to its previous price record of $ 20,000. If this happens, it will not be this year.

[Irvinn]

Over the last two months, Bitcoin has actually doubled in price, from less than 4,000 dollars to more than 8,000 dollars. Judging by the fact that Bitcoin periodically moves to a minor price correction, it is going to continue to grow in price.
However, I do not think that the situation with the price of Bitcoin can grow as much as it did at the end of 2017. That is, we are unlikely to be able to see the price of Bitcoin up to $ 20,000 by the end of this year. Closer to this price, investors will be afraid of a repetition of the events of 2017 and 2018 and will not invest at high price values ​​of Bitcoin.

[veleten]

Over the last two months, Bitcoin has actually doubled in price, from less than 4,000 dollars to more than 8,000 dollars. Judging by the fact that Bitcoin periodically moves to a minor price correction, it is going to continue to grow in price.
However, I do not think that the situation with the price of Bitcoin can grow as much as it did at the end of 2017. That is, we are unlikely to be able to see the price of Bitcoin up to $ 20,000 by the end of this year. Closer to this price, investors will be afraid of a repetition of the events of 2017 and 2018 and will not invest at high price values ​​of Bitcoin.

we can only hope for it to steadily grow onwards
although the market is as unpredictable as it can be , Bitstamp 5000 coins damping had the price drop almost 1000$
now we are back to 8000$ and are ready to test 8500$ mark come next week or so
judging by the graphs and the volumes , the bull run shows no sign of stopping
positive news and steady growth and we might eclipse the "bubble" of 2017