Bitcoin's Bull-run fully explained

[Japinat]

• Most altcoins are underperforming.

I would not agree with this, altcoins under performing is because people are heavily putting their money in bitcoin.
This is not a bull run for run, probably bitcoin only as it's different from the last bull run I saw, I can say it's the early stage of bull run but if this ripen, we will see the bull run for the entire market where altcoins will also start growing based on our expectation.

• Institutional investors are starting to get really interested
• Bitcoin's halving is happening very soon

I agree with this two.

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[batang_bitcoin]

The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

[cocoadreamboy]

So while we're all happy celebrating our beautiful bull-run, these guys are trying to figure out what the true cause behind this bull run is. https://cryptotradernews.com/cryptocurrency/decoding-the-bitcoin-bull-run/


My takeaways:

• Most altcoins are underperforming.
• Institutional investors are starting to get really interested
• Bitcoin's halving is happening very soon

Thoughts???

1. Why would alt coin performance affect bitcoin?
2. Institutional investors are hardly looking at bitcoin for solid investment. Let me know when J.P. Morgan starts investing.
3. Bitcoin's halving isn't happening for almost a year.


The only reason for this is market manipulation plain and simple. FOMO can be very profitable, it is as simple as that.

Check out my site to cut through the fake news!

https://www.amsinger.org/sample-analysis

Have a nice day,

Aaron

[Capt00]

~snip~

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

Yeah, it is a big different from what it shows last bull run and it is better to look like this. We are too excited and optimistic to see another $20k this year, but still no assurance that we can make it far from that.
At certain thing that FOMO might play again this time and create another huge fall after but we don't need to think it now, instead, we look forward into more pumps.

[Slow death]

What's funny though is that even though Altcoins have underperformed, most of them are taking advantage of this BTC bull-run.

The altcoins have high price in relation to the dollar because of bitcoin, but in relation to bitcoin the price of the altcoins is very low. On June 23 binance coin had the price of 0.0036 BTC and today has the price of 0.0026 BTC. this is a very big price drop... But in relation to the dollar the price keeps on the $35

On the contrary I don't think Facebook Libra has that LOTS to do with this bull-run.

unfortunately it may be possible, because the people of the crypto world create high expectations for anything

[EdenHazard]

As has been said in the previous comment I just thought that price bitcoin has its own rule. There is nothing to do to the price movement of altcoins. The price movement just depend on the potensial of the altcoin itself. Such as the latest update from their team or the fundamental factor from its coin. I heard ETH will be hardfork again and maybe this increased price it was caused of that. However, the increasing price of bitcoin it's indeed hard to be guessed. Some experts say it just because the halving that will come in may 2020, FOMO which still affecting some people especially the newcomer and the last reason is facebook coin which can attrack a lot of people to know the real cryptocurrency which has decentralized system.

[traderethereum]

• Most altcoins are underperforming.

I am not sure if the altcoin is underperforming because all of the altcoins are following with the bitcoin price movement.
And if bitcoin price going to increase, the altcoin will follow to go down, and some of the altcoins will get down too deep and back to the early price.
But that is not happening to all altcoin because I see at the market, some altcoin can increase although bitcoin is a rally to the higher price so if you can get those coins, your profit will be double in bitcoin.[/list]

[batang_bitcoin]

~snip~

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.

I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.

Yeah, it is a big different from what it shows last bull run and it is better to look like this. We are too excited and optimistic to see another $20k this year, but still no assurance that we can make it far from that.
At certain thing that FOMO might play again this time and create another huge fall after but we don't need to think it now, instead, we look forward into more pumps.

But don't let your emotions feed you because everyone is starting to become greedy and thinking that it will reach certain higher levels. It's okay to have that vision and plan but I'm just giving the potential pull back can happen as well. After everyone has FOMOed, there will be now whales that will start securing themselves and won't let this advantage pass again. They'll take their gains and will wait for the sudden slow down of the market so they can re-enter with lower price.

[BitHodler]

But that is not happening to all altcoin because I see at the market, some altcoin can increase although bitcoin is a rally to the higher price so if you can get those coins, your profit will be double in bitcoin.[/list]

There is indeed a difference in altcoins that perform well and poor, which might be an indication that we're at the very beginning of a new wave of altcoins taking over the previous generation of altcoins.

As far as choosing the right coin goes to tap into its pumpiness, it's still somewhat of a gamble in my opinion. If it was so easy to pick a coin and 10x your money, most people wouldn't be losing money but making it.

In every market the majority is always losing and crypto definitely isn't an exception here. Right now hodling Bitcoin for neutral crypto people is the best option because holding altcoins makes you lose BTC ratio.