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.
You can see that the market in recent days has reduced the number of transactions and all are waiting to see the static bitcoin. It can be seen that today's bitcoin price has shown signs of a spike when the moment has reached $ 9800 and still showing signs of slowing down. For technical analysis, bitcoin prices are showing divergence, indicating that buying is decreasing and selling pressure is increasing, so you need to be very careful when trading.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.
Thank you for that advice.
Post January 5th our "strategy" was to purchase around 270-300bn (market cap) if it ever dipped to that level. Thankfully we stocked up twice over.
Speaking of your signs of slowing down - today it hasn't been able to move past 458bn cap. Eth at 788/unit and Btc at 9750/unit according to CMC.
When we first bought - Eth was 380 and Btc in the 6,700 range. By now - Eth has doubled and volume has slowed down.
We have yet to see what the Chinese market will do as it is just now waking up.
My gut feeling says that it will go up slightly further - once volume increases around the 35 - 38m / 24hr range, big bag holders will start to sell in mass unless something in the news sparks it one way or the other.