Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: jekz on October 19, 2018, 05:30:39 PM
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If there’s something we can all agree on it’s the volatility and unexpected moves of Bitcoin but one thing a lot of experts seem to be agreeing on lately is an upcoming Bull run for the major cryptocurrency. Last year, Bitcoin almost reached an impressive amount of $20,000, making some people very rich and others losing a lot of money due to the sudden drop that followed.
During 2018 we’ve seen financial experts such as Tom Lee, Ran Neuner and now Michael Novogratz supporting theories of a bull run for the beginning of 2019. In an interview held by Bloomberg, Novogratz, who’s a prominent investor in digital currencies, assured listeners that the big move will come once institutional investors jump in. The interview was held on the same day Fidelity announced the launching of their newest product for institutional investors to jump into the crypto market.
According to Novogratz, this new product will allow institutional investors to enter the crypto market more easily, to involve major players from the financial industry in the market. Furthermore, Michael assured viewers institutional investors will join the crypto market through Fidelity’s product after test are ran, which could be around the end of Q1 – beginning of Q2.
Novogratz believes regulators will start developing more a defined regulation towards cryptocurrencies now that major firms such as Fidelity are joining the scene. As for prices, the expert claims he doesn’t see the price passing $10,000 in 2018 although the scene is set for a change in 2019 if institutional investors join in, which according to Michael will bring new heights. Galaxy Investment Partners, which is the firm Novogratz handles, will be one of Fidelity’s first customers once it opens operations for the custody of digital assets in 2019.
As for Tom Lee, he remains very bullish on Bitcoin holding his price prediction of $22,000 to $25,000 by the end of the year, which right now seems kinda far away although it already happened once, so who knows for sure. If one thing is certain, more and more financial firms, major companies and even Ivy Leagues are putting their money in crypto and blockchain-related startups, which could only mean adoption is coming, so buckle up and get ready.
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If the review is true, it may be. But, so far, we can see the analysis of the market. The rate of the Bitcoin is stable around $600 to $7000. I cannot predict whether it starts for the bull run or not. At least, the price is still good enough after the bad sell some months ago. Hopefully, it will hit the bull run, my wish.
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Bitcoin is not only suitable for bull market, but it will also become a promoter of the bull market. Why? Because ETF! This is the most likely possibility of driving the market this year!
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ETF has no much impact to market value. Bakkt will offer more value.
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Viewing from how everything is going now and for few weeks and almost more than one month there has been a stability in cryptocurrency, I think we should expect bull run soon.
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For the theory to hold. Bitcoin has to break the resistance of $8000 and find a new support
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I think from the market Analysis of cryptocurrency market we are hoping that from next month bitcoin is going to bull run.
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If the analysis of the veterans won't fail we must add the volume of our holdings in btc so that if the bull run happen we can benefit from it if it's not the way to make us rich then we can make a lot big money out of that...so buy and hold now since the price is not yet arising!
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Don't lose hope bitcoin started to rise on the midst of November. we are still at October, why everyone's worry too much. I am positive seeing the coin more than 10k USD on the next 2 weeks. Who want to place bet, I've been here and for a while in this market. Not needlessly say it but it will happen sooner or later.
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We are at the deepest dip of the trend, meaning the recovery is not yet seen when it is starting, and the idea of the bullrun in year 2019 is not totally 100% sure. For me the recovery is too slow to be said that theres a bullrun happens in the year 2019. Only time can tell when it is soon to start.
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Only bitcoin can initiate the moment of bull run. In my opinion this is what made bitcoin super coin in crypto. It could be the advantage of bitcoin to lead the entire market into decrease neither hit the moon. Just wait there's more to come.