WTF is going on in crypto 💣

[TimtheYoutuber]

Full Read: 📰Forrest Visions Cryptocurrency Newsletter Volume #1

Bitcoin passed the halving, and Ethereum is heading into Eth 2.0. What are your thoughts on the direction of the blockchain? We're seeing the prices increasing but do you think these network updates are priced in and will eventually come back down before the upgrades?


With the United States pumping in money into the economy, is Bitcoin going to be the new standard?


Lots of crazy stuff going on in cryptocurrency.





My fifteen-minute read goes over the recent industry news, observed trends, a highlighted coin, and my personal price predictions.

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[minairia3]

I can smell some bullish but due to massive fud out there the market getting delay each day. We cant expect the market to suddenly bloom with eth 2.0 upgrade alone. We all knew that this will take time but good thing is many investors are already locking in some eth while still cheap cause there will be a huge hype once migration to PoS is done.

On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.

[Sanugarid]

You're right we are bombed with events on the crypto scene amidst the pandemic. Somehow I see this pandemic as a factor of what is happening to the market yet I can't based it on any possible data, but the guts of mine? it never fails. After the halving, the price range of bitcoin increased from $7K-$7.5K range now up to $9k - $9.7K we can't tell that it is because of the halving but come on, we have been seeing it for the past 8 years we know that's because of the halving. Altcoins now are growing, so the market is not a one sided place for investment.

[Swordsoffreedom]

At this time the economic downturn is going on all over the world. You know, most of the cities are locked down due to coronavirus issue. Everyone is incapable to go to work, already many people have been lost their job, the economy is going downhill. For this reason, I think anything can be happened in the bitcoin market now. The price of bitcoin can go down at any time, we should be ready for it. But if the coronavirus epidemic subsides a bit and if the state of the world economy has improved a bit then the bitcoin market will be stabilized again.

[DoubleEdgeEX]

I think we are at the crossroads of fiat ot crypto adoption. The question is, will we be able to convince a majority of the global population that cryptos are better than fiat? It will take it´s time but technology advances further and adoption will become easier, system faster and use cases more sustainable and closer to the average humans daily life

[BD Crypto]

I can smell some bullish but due to massive fud out there the market getting delay each day. We cant expect the market to suddenly bloom with eth 2.0 upgrade alone. We all knew that this will take time but good thing is many investors are already locking in some eth while still cheap cause there will be a huge hype once migration to PoS is done.

On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.

You are absolutely right.Whales are the main reason for the volatility of Bitcoin.They just do opposite of any trend.Like if btc goes in uptrend then they dump it.It really cause a big loss of beginner traders.

[boyptc]

Putting blockchain on the other side, it's also being taken in action and somehow adopted by few chosen industries.

I can smell some bullish but due to massive fud out there the market getting delay each day.

I don't think that's really a delay. It's a cycle that we usually see and that fud are also coming back whenever the market shows bullishness. But we're used to it.

[TravelMug]

Two points of discussion here, first bitcoin and how well the price will do post halving. There are a lot of so called experts says that the price will fall after the halving because 30% of the miners will stop their business because of the difficulty. Yes, so far we have heard news about mining pools shutting down, however, the price is still not affected at this point

Second, we can't really say if the US stimulus package has pump the price of not, but definitely bitcoin will not be the global standard. Still the US dollar or to an extend Chinese Yuan. Don't want to touch about ETH2.0 though, that topic should be discuss in alt coin board.

[Darker45]

This somehow means cryptocurrency is getting better. The adoption is getting wider. The blockchain technology is now more exploited than ever. All in all, there is more and more development happening and a lot more in the pipeline.

On the other hand, the fiat money is continuously crumbling down. The flaws of the fiat system are getting clearer and clearer each day, especially with the global crisis making them more obvious. The degradation of fiat is accelerating.

Bitcoin is not yet the standard. But we might actually be treading the path toward it.

[salamat700]

Excited things are happening right now in the whole cryptocurrency industry, post Bitcoin halving situation. And that bullish trend and aura is not just happening with Bitcoin exclusively but also with many other important cryptocurrencies as well. Now, that is a big good news. However, just like in the past, nobody can say for sure where are we heading exactly and if this bullishness can last into 2021 (but I do hope it can and will). Right now, we are hearing news of big organizations getting their feet wet with cryptocurrencies and if this can be creating a sort of a little avalanche then that can be a big movement that can be producing many rise and to the "moon" mindset.

[dejuan]

Just hodl, US federal reserve said theyre going to keep printing money and interest rates at zero

A lot of the money will come into crypto

[pooya87]

and Ethereum is heading into Eth 2.0.

in other words nothing has changed over the past 4-5 years. there is still a pointless upgrade that never comes trying to save a sinking ship

What are your thoughts on the direction of the blockchain?

i don't see any direction to be honest. things have been stationary for the past years. the developers gave up on innovation a long time ago and chose to copy bitcoin and make the least amount of effort to make money only.

[Assface16678]

There are a lot of unexpected changes into the market price of the altcoins and the bitcoin after immediately make a huge transaction after that the market price of the coin falls down because some of the investors included with Satoshi Nakamoto pull-outs it's an investment because the market price of the coin reaches its already profitable earning. By the time goes by the market price of the bitcoin that is falling down into the market price of 8k dollars now having a come back into the price of over 9.7k and there is a chance that becomes now come back into the 10k market price and another sign of bullish market price if you are trying to look at the whole year graph of the bitcoin that trend is going up which is and there is a chance that for the upcoming month of the June is another year for the bitcoin to rise back again and gained a lot of popularity and profit to the investors but still this is for a short again and there is a chance to fall back or continuously rising.

There are some news that the miners already sell their bitcoin mined because is over a ten percent of them which has a huge impact to the market price of the bitcoin also the top currency like the ethereum, ripple, monero and more popular altcoins going into an upward trend and the season of the altcoins are now going on

[DarkDays]

Curious how you think Kyber Network and Enjin have anything to do with the future of crypto...

Both of these have failed to achieve their potential and are currently stagnating or declining. Did they pay you to write about them in this feature?

In any case, the article was an extremely boring read and you didn't really identify anything that hasn't already been said a thousand times.

[gentlemand]

I think the most significant development in recent times is the stock market turning into a shitcoin of its very own. Reality has been left behind. Governments are signalling they're willing to keep stoking it no matter what. 'Investors' clearly aren't bothered about fundamentals at present. Maybe they don't need to be.

All of that takes quite a bit of attention away from crypto. Why bother with it when all that stupid shit is more readily accessible? Maybe it's going to take the dive of the aeons but for now it's the silliest show in town by quite a way.

[qiwoman2]

I am expecting a bearish short term scenario in play due to the corona crisis and the quantitative easing on steroids situation. Also the stock market being artificially pumped by the Fed, is not helping our cause for the short term. On another note though, DEFI is becoming huge in this space and institutional investing, aka GRAYSCALE and Co are just hoarding BTC freshly mined on masse, so on a macro level, things are pretty looking bullish to me. I just plan to keep stacking sats regardless. Our time to shine will come once again.

[Wexnident]

Crypto being Crypto. I don't see anything much to note for tbh. The development of how the government is struggling to change the economy for the better right now is much more interesting to watch with how the government moves so as to avoid the downfall of pretty much everything. Most of the attention right now is after all, about how the recent pandemic and lockdowns affected the entire world and pretty much, how the government would react to it.

Two points of discussion here, first bitcoin and how well the price will do post halving. There are a lot of so called experts says that the price will fall after the halving because 30% of the miners will stop their business because of the difficulty. Yes, so far we have heard news about mining pools shutting down, however, the price is still not affected at this point

Miners leave, others replace them. I'm pretty sure that would be the case sooner or later. A lot has already discussed the issue of how miners are starting to leave because of the recent halving, but really, it's just a matter of them being replaced by some other mining farm out there.

[AlbertoLB]

If they say it going down then it should go up, eth going PoS and the halving will take s bit to show its teeth but prices should rise.

[Cnut237]

Both bitcoin halving and ETH's move to PoS should lead to price increases in the future. But of course everything is overshadowed by CV19 at the moment, which is affecting crypto markets as much as traditional markets. We also have to remember that crypto is still in the relatively early days, and bitcoin is currently seen as a highly speculative asset rather than a safe-haven store-of-value. In theory a fiat financial crisis with money being pumped in economies should be good fro crypto - in practice we are not there yet, 'safe haven' status for bitcoin is likely years away.

[thesmallgod]

I can smell some bullish but due to massive fud out there the market getting delay each day. We cant expect the market to suddenly bloom with eth 2.0 upgrade alone. We all knew that this will take time but good thing is many investors are already locking in some eth while still cheap cause there will be a huge hype once migration to PoS is done.

On the case of btc, too many rejected attempt has been observed to break out 10k and have some good support but unfortunately there are selfish whales that are playing with the market avoiding this surge to happen.

People are getting too careful about taking risk and putting huge profit with the hope of getting more profit. 2017 bull run have thought people lesson. some bought bitcoin when it was above $10k then. So if it hit the price back, I do not see them taking that chance again and beside people take profit which makes bitcoin subject to market correction. ETH  2.0 hype cannot be as hyped as bitcoin halving that past almost a months now. It is very hard to predict what ETH 2.0 influence will have on the market.