The next 4 Weeks will decide, wheter a 14-month-long Bear market has ended. If BTC:tEUR touches €4000, the last of the big Consolidation-Waves has technically come to an end.
This comes at a point, where important 'fundamentals' of crypto have stabilized and cannot be interpreted bearish anymore:
- Transactions / Day are rising since many months, almost again at their ATH back in November 2017
- USD-Value / Transaction: despite the low BTC:USD Value, the total transaction-Value has increased over the last few months
- Scaling. Lightning Network does a very nice job
- Adoption. Samsung S10 comes with onboard hardware-secured environment and thus a cold-Bitcoinwallet preinstalled, You can now easily tip people with bitcoin over twitter: tippin.me ...
- Block Halfing Events: Bitcoin has 463 days to go, Litecoin 170 days ( already starting to be valued in, i think, which explains the nice run LTC did recently)
- extreme OTC-Volume increase: Local-Bitcoin Trades exploded in south america. Nothing new so far, only that people are now really mainstream-using Crypto, as it provides Anonymity, censor-resistance aswell as stability (in relation to e.g. extremes likes Venezuelas Bolivar)
i call the End of the bear market now, i may be to early, but the early bird catches the worm :) if there was no risk in markets, they wouldn't be markets.
"Markets coordinate Time and Interest" - F.A. Hayek
disclaimer: i hold various cryptos. no advice whatsoever, everything you do is 100% your own responsibility. this is my personal opinion.
This comes at a point, where important 'fundamentals' of crypto have stabilized and cannot be interpreted bearish anymore:
- Transactions / Day are rising since many months, almost again at their ATH back in November 2017
- USD-Value / Transaction: despite the low BTC:USD Value, the total transaction-Value has increased over the last few months
- Scaling. Lightning Network does a very nice job
- Adoption. Samsung S10 comes with onboard hardware-secured environment and thus a cold-Bitcoinwallet preinstalled, You can now easily tip people with bitcoin over twitter: tippin.me ...
- Block Halfing Events: Bitcoin has 463 days to go, Litecoin 170 days ( already starting to be valued in, i think, which explains the nice run LTC did recently)
- extreme OTC-Volume increase: Local-Bitcoin Trades exploded in south america. Nothing new so far, only that people are now really mainstream-using Crypto, as it provides Anonymity, censor-resistance aswell as stability (in relation to e.g. extremes likes Venezuelas Bolivar)
i call the End of the bear market now, i may be to early, but the early bird catches the worm :) if there was no risk in markets, they wouldn't be markets.
"Markets coordinate Time and Interest" - F.A. Hayek
disclaimer: i hold various cryptos. no advice whatsoever, everything you do is 100% your own responsibility. this is my personal opinion.
Comment:
Turns out i called it pretty neatly :)
Comment:
And here we are, in the middle of a bull market!