Author Topic: High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run (Read 2002 times)

newshunter · « **on:** July 15, 2020, 01:00:39 PM »

High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run

Today, stablecoins buy 15-times as much Bitcoin as in early 2018, this could bode well for the next bull run, if and when, it happens.

Source: High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** July 15, 2020, 01:00:39 PM »

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Noverteno · « **Reply #1 on:** July 15, 2020, 06:15:28 PM »

Indeed, now there is a very high expectation of rising prices in the cryptocurrency market, and above all, the rise in the price of bitcoin. The growth in demand for stable coins may indicate the imminent onset of the bull market, but this is not necessary. Now the demand for stable coins is growing by itself, since such a means of payment has several advantages over conventional currencies. Also, stable coins greatly simplify the work with cryptocurrency.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** July 15, 2020, 06:15:28 PM »

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Bobcrypto · « **Reply #2 on:** July 15, 2020, 08:54:53 PM »

Well, in my opinion, I don't think the continuous buying of stablecoins will facilitate the entire market bull run. The analysis or forecast of any bull run in the history of crypto has not been traced to the stable coin continuous buying trend. I think the crypto (Bitcoin altcoinstalks) bull market has been proven very difficult to be determined by any particular coin buying trend, but Let see if this may turn a new bull market trend. Thanks

bigcash2011 · « **Reply #3 on:** July 16, 2020, 10:20:20 PM »

Yeah. Stablecoins and their volumes are increasing on almost all the exchanges which is a good thing because most of this money is going directly into btc and eth and looks like everyone is accumulating at the moment.

Pegasus · « **Reply #4 on:** July 17, 2020, 09:16:09 AM »

I don't find any reasonable relationship between buying stable coin vs bitcoin's bull run. A specific high buying power on BTC/Stablecoins pair would make more sense. However, whether it's BTC/Stablecoins or not, the higher the volume is, the better the market is. No one wants to see a poor volume market.