Quote from: eDave on August 04, 2018, 07:25:02 PM

Most people are probably skeptics about crypto markets. If you first heard about blockchain in 2017, and have followed the recent price action over the last year, then I dont blame you for thinking Bitcoin and other cryptocurrencies are dead. Acknowledging your reservations, I invite you to take a step back and think about perspective.

I bet you are eager to hear about how the institutions are flooding hand over fist into crypto technologies, but before we get there, a history lesson is due..

Blockchain technology was featured for the first time in Bitcoin: A Peer-to-Peer Electronic Cash System, published under the pseudonym Satoshi Nakamoto. This is why uneducated media refer to Bitcoin and blockchain technologies as if they are synonymous. They are not. Nonetheless, historically Bitcoin has dominated the crypto market cap, so we can use the rise and falls of that particular currency to demonstrate our point.

2013 Rally:

The first parabolic move occurred in 2013, when the price per Bitcoin went from ~ $14 per Bitcoin to almost $198 over the course four months. Within days, the price of Bitcoin decreased by over 65%. At the time, main street media wasnt talking about the crash, but I remember it vividly I was on spring break from my boarding school in New England, and most the community using Bitcoin, including myself, thought the technology was dead.

2014 Rally:

Less than a year later, Bitcoin rallied from $61 per coin to $1,150 an amazing 18.85X return. This time, it took a little over a year for Bitcoin to crash from its high of $1,150 to a low of $177 per coin. A decrease of almost 85%

Once again most people, including myself, thought Bitcoin was dead.

2017 Rally:

And most recently, Bitcoin recovered from the 2015 low of $177 and surged over $19,200. An insane parabolic move of 108X. Thats right. If you had $1,000 in Bitcoin in January 2015, youd have $108,000 at the December 2016 peak. Now, as of July 2018, Bitcoin has retraced its previous highs by 70%.

Perspective:

So why am I reminding you of history before telling you how the smart money is positioning themselves for the next crypto boom?

A.) So you can see how similar the charts look each time people start pronouncing cryptocurrencies dead

And B.) To give you perspective on the rapid rise and reset of the market. History is in the process of repeating itself.

The Next Possible Crypto Boom:

Regardless if youre a Bitcoin bull, institutions alike are starting to buy crypto assets hand over fist.

For example, Goldman Sachs is launching their crypto trading desk towards the end of this summer, George Sorosand the Rockefellers have directed their family office to start buying, Bill Gates has partnered with crypto companies, and most importantly, public companies are dedicating both human and financial capital for blockchain technology at a rate never seen before.

Walmart is full speed ahead with implementing blockchain technologies. JP Morgan and IBM both agree that banks will soon deploy their own cryptocurrencies, Facebook is working on their blockchain technology and the list goes on and on.

Recently, in a 33 page overview made by the European Parliament said that Cryptocurrencies should not be banned or ignored. Even the World Bank has been briefing their staff on the disruption of crypto assets. The U.S Commodity Futures Trading Commission even says, these currencies are not going away and they will proliferate to every economy and every part of the plant.

What does this mean?

It means that we need to start preparing ourselves for the next crypto boom. While the overall cryptocurrency market has retraced 2017 year highs, we need to have a plan for educating ourselves on the technology, learn how to trade it, and position ourselves to profit.

Is this your own writing? Cheesy

I also believe that we'll see another boom in crypto again, It's just the matter of time.
This has happened many times, Thanks to your post we can see that bitcoin will boom again without any doubts.
People should know this by now that every time the market goes down, it goes back up after some time. Hodl, Hodl, Hodl.
That's what I always tell people, If you want to have a future with cryptocurrencies you should buy bitcoin and hodl. Cheesy

Quote from: pixie85 on August 04, 2018, 07:43:00 PM

The 2014 rally wasn't smart money. It was mostly that scammer Karpeles and Chinese exchanges went on to manipulate the price with fake volume for the most part of 2014.
I wouldn't want to see a similar fake rally ever again. Most people believe we'll go up in the coming months. Some that it will happen in 2018, some in 2019, some in 2020. This means that people are waiting with money. All they need is a spark that will start the fire.

I don't like to call people names such as calling them scammer, I do however agree that in some point there were some fake pumps coming from zero fee exchanges in China but bitcoin is now much more than anything else to be manipulated ever again like that. I could say that price going from $6,000 up to $7,000 is a good spark but people are waiting for $10,000 to start buying, They should remember that bitcoin reached $19,000 and it will go there again. Just a matter of time.