timcook (OP)
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June 25, 2019, 02:12:20 PM |
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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???
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cryptotradernews
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June 25, 2019, 02:16:52 PM |
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I like that fifth point the best: technical and network fundamentals are stronger than ever.
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luigivessota
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June 25, 2019, 02:24:39 PM |
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What's funny though is that even though Altcoins have underperformed, most of them are taking advantage of this BTC bull-run.
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marketingnerd
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June 25, 2019, 02:31:16 PM |
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With BTC's halving happening in May of next year, we can only expect its price to go up until then. Once we reach that deadline god knows what's going to happen.
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BrewMaster
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There is trouble abrewing
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June 25, 2019, 02:39:16 PM |
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Most altcoins are underperforming.[/li][/list]
i say they are over performing with all the pumps they had in the past month before the bitcoin rally began. and many of them still have leftover bubbles that has not yet completely burst. Bitcoin's halving is happening very soon
a year from can not be considered "very soon". and because of that i don't think we can talk about this bull run and associate it with the upcoming halving
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There is a FOMO brewing...
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avikz
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June 25, 2019, 02:45:44 PM |
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This article is probably somewhat better than the rest because it uses very simple language structure for everyone to understand and also talking some sense without using a lot of technical jargon.
However, I disagree with the last point where it says that "Technical and network fundamentals are strong"! Because there is no standard benchmark based on which we can actually reach to this conclusion! That's why you will see a lot of article detesting this bull run saying that "Fundamentals are not strong and the price will come down very soon". Most notable of them is Whitney Tilson, who is the founder of Empire Financial Research stated - "Don’t get fooled by the dead-cat bounce this year"!! This clearly shows there is no benchmark set by the community yet so everyone is just trying to gain some visibility!
Most prominent reasons for this year's bull run can be summarized in just two points, one is the interest from institutional investors and the upcoming bitcoin halving. I personally don't think anything else is impacting bitcoin market so strongly to push it upto 11k USD!
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bobsav2121
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June 25, 2019, 02:49:13 PM |
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I feel like Facebook's libra has a lot to do with this bull-run. They are getting institutional investors to look at crypto.
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mk4
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Paldo.io 🤖
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June 25, 2019, 02:50:25 PM |
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Bitcoin's halving is happening very soon
a year from can not be considered "very soon". and because of that i don't think we can talk about this bull run and associate it with the upcoming halving I'd argue that it definitely could be one of the reasons for the price increase. While yes, it's pretty much a year from now still, but there's just so much hype created like weeks ago by the community and the bitcoin/crypto media sites concerning the halving that it's decently possible that people are buying in, in anticipation of it. But as always, there's no way to know for sure.
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Youghoor
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June 25, 2019, 03:00:57 PM |
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What do you mean by saying altcoins are underperforming?? In my personal experience, altcoins are performing as equally as Bitcoin considering the patterns in the increase of most altcoins between the month of January to June now. If you can't see this, then you haven't really considered the entire altcoin market.....
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cabron
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June 25, 2019, 03:14:39 PM |
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What did they do to that site? Its not as popular as the cointele but its full of popups. The bulls are here I guess is because we been in the bottom and its time to go up. Facebook seem to have speed up the process because of the Libra announcement. Some speculations says this 11K is just a little pump, price could go up to 60K they said. But what I'm more interested is the altcoin bullrun though. What do you mean by saying altcoins are underperforming?? In my personal experience, altcoins are performing as equally as Bitcoin considering the patterns in the increase of most altcoins between the month of January to June now. If you can't see this, then you haven't really considered the entire altcoin market.....
There were left untouch some coins stay as is.
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WinslowIII
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June 25, 2019, 04:30:47 PM |
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Nobody has mentioned what the miners are doing with new coins. Maybe they have finally wised up and are hoarding all but those to cover electricity costs, because they see that in a year they will be getting half of the current rewards.
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Kemarit
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June 25, 2019, 05:11:23 PM |
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Nobody has mentioned what the miners are doing with new coins. Maybe they have finally wised up and are hoarding all but those to cover electricity costs, because they see that in a year they will be getting half of the current rewards.
Or they are wise enough to shift to Bitcoin again, dropping either BCH or BSV and re-investing their hardware to just mine Bitcoin only. Most altcoins are underperforming.
Well it only makes sense to go bull Bitcoin at this time, however, there are few altcoins, specially in the top 10 who are also doing great. They are still far from their previous all-time-highs, but most likely in the next couple of months, they could break the 50% barrier. Institutional investors are starting to get really interested
Institutional money has been in the ecosystem for years, maybe they are just pouring more money right now. Bitcoin's halving is happening very soon
Investors are wise enough to have been accumulating when the price is at the 4 digit mark. But this event could really be the final catalyst for a massive run, but it should happen after the block halving.
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btctaipei
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June 25, 2019, 05:20:17 PM |
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I would say bull run was created by institutional player whom had quietly bought back at 3000 level.
as far as when bull run will end I'd say it would end within 2 .. 3 weeks from capacity saturates to a point where segwit could no longer getting 2 confirmation within an hr. with 0.001 btc fee paid to miner to process an average sized transaction (200 - 300 bytes)
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batang_bitcoin
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June 25, 2019, 06:30:28 PM |
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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
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Jating
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June 25, 2019, 08:23:10 PM |
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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-bitcoinAnyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.
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serjent05
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Cashback 15%
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June 25, 2019, 09:09:47 PM |
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I feel like Facebook's libra has a lot to do with this bull-run. They are getting institutional investors to look at crypto.
On the contrary I don't think Facebook Libra has that LOTS to do with this bull-run. Though it opens up cryptocurrency to masses, but one thing they are not advertising Bitcoin but their own Libra coins. As far as institution is involved, I think they are already aware of Bitcoin even before facebook get involve with blockchain and cryptocurrency thing. I believe the surge in price has something to do with this :
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aoluain
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June 25, 2019, 09:40:54 PM |
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Most altcoins are underperforming.[/li][/list]
i say they are over performing with all the pumps they had in the past month before the bitcoin rally began. and many of them still have leftover bubbles that has not yet completely burst. Bitcoin's halving is happening very soon
a year from can not be considered "very soon". and because of that i don't think we can talk about this bull run and associate it with the upcoming halving I agree, people are aware of the halving but its not a reason now to act On trading.
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timerland
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June 25, 2019, 10:20:40 PM |
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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??? I'm not entirely sure why the first point is mentioned. I personally think that the wider crypto market underperforming was something that was expected. The fact was that initial offerings were completely overhyped and most utility tokens/securities sold have absolutely no underlying value. But I don't think that contributed to the BTC bull market at all. Also, halving is a factor which drives people's bullish expectations, but I don't think even that is the root cause. The main underlying reason I think is still a) the adoption of SW, LN, etc. which improved the fundamentals of BTC as a network and b) the cycles that exist within the BTC market historically every 4 years repeating itself, partially due to people's expectations.
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Arkham Knight
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June 26, 2019, 07:13:00 AM |
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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??? My own thought that is the fake believers and panic dumpers is now completely wiped out that made btc started to rise again. There are huge investors that got easily scared when the bans and the FUDs had come out and 2018 is surely the best year to throw them all off. And then when people who loves bitcoin finally realized that it's the bottom, they bought again until we got where we are.
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arpon11
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June 26, 2019, 11:42:17 AM |
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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??? There are many factors that contributed to the current bull run and one of those factors that has influenced the market so much is the bottom that was reached in February this year. Bitcoin takes the bearish journey from a little above $20,00 in December 14, 2017 to $3150 in February this year and at this point many technical indicators agreed that the bottom is here and since then we have been seeing Very high upwards movement in like that we never witnessed lately. I strongly believe that the halving expectations is one of the factors why everything is green now but I disagree with the idea of "most altcoins are underperforming" as said by you sir.
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