Hello everyone - I don't usually put up posts, but I was curious on what everyone is seeing for this recent market upswing.
This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect
??
ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect??
I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.
This is the second time in the last 4 months we've gone from 250bn market cap to over 400bn. Very much a yo-yo effect.
We've seen the market press hype cool down - so what is causing the market to go back up? If you could all please post some real world news that would be much appreciated. Doesn't have to be news from a news source - could be numbers from block explorers, investment news, just something that can be tied down to a FIAT value being put into crypto.
For me (a little bit of a conspiracy theorist)
USD Tether gains FIAT value in Q3 to Q4 of 2017 -> Moves FIAT value to Noble Bank -> "Legitimizes" USD Tether
BitConnect crisis occurs -> Loss of investor confidence -> Lack of market liquidity -> Correction
SEC opens with somewhat positive remarks to crypto as a whole -> Focus specifically on ICO scams
Discovery of Mt. Gox trustee -> Rumors spread -> Investor confidence drops further causing further slide
USD Tether media cools off -> USD Tether prints off more tokens beginning of April -> Stabilizes investor confidence
Stable coins begin emerging post USD Tether -> Markets keep resurfacing throughout April
May 7th SEC supposed to rule on Ethereum and XRP on whether they are securities (https://www.ethnews.com/sec-cftc-to-discuss-possible-securities-classification-of-ether-other-cryptocurrencies) -> Market effect
??ICO fraud rumors (https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71) -> Market effect
??I can provide links for any of those events - I just didn't want to spam links. It would be interesting to see if anyone can find info of "new" FIAT money going into Crypto which would give evidence of a bull market - especially if it is found from institutional sources. The opposite as well - if anyone has insights into how this could be a bull trap, that would be awesome to read.
As I said, goal is to pool together everyone's reading material for better clarity on current market events.
Please post your mother will die.