Post
Topic
Board Altcoin Discussion
Re: ETF and Bakkt will have effect, but BTC halving is the main deal.
by
arpon11
on 08/01/2019, 19:28:28 UTC
I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.
I really agree with you and halving is the next big thing.  I believe that ETF or bakkt can only push bitcoin above $10,000 but to moon it has to be something that relate to the network and technology itself.  I have seeing bitcoin making another big move in 2020 and I think before then bakkt and ETF must be dealt with. 
I will advise the wise investor to start putting in money now as that is the best way we can makes a good trading decision.  Bitcoin and others coins are extremely cheap now and I think this is the best time to take this advantage and be among the cryptocurrencies millionaires in future.