Hey peeps,
It appears that we are in a new phase for bitcoin and crypto. The volume on exchanges is at almost a new low, and it looks like there is quite a bit of resistance from bullish people refusing to sell for such low prices. At least that is how I personally feel as a holder.
I would like to use this post to list possible catalysts that can increase the volume and price of bitcoin, so here goes:
1. US elections - If democrats win that will create stagnancy in the US political system a beneficial thing for bitcoin (the election is coming up in a few more days)
2. Larger and more effective stock market and credit crashes in world markets - Ray Dalio has said that a recession will come in the next 1.5 years (he said 2 years in march) www.youtube.com/watch?v=5C43i3yc... Bitcoin was created in the depths of the 2007 world crash, and world instability is a major support of bitcoin and crypto.
3. Brexit hard exit - Brexit is not being prepared for properly by Britain, and I almost guarantee you Brexit hard exit will be the catalyst for MANY things, not just an increase in bitcoin. Brexit is happening next year (I believe in December)
4. Opening up simple investment in bitcoin for large investment firms such as Fidelity and other investment firms.
5. Possible Italy/greece default situation (this one can come randomly, but at this point EU monetary policy is held together with duct tape and cum lol)
These are the ones that come to mind initially. PLEASE PLEASE PLEASE! if you have any other catalyst ideas post a comment. I would like to start a discussion :D
Like this idea if you find it interesting por favor ;)
It appears that we are in a new phase for bitcoin and crypto. The volume on exchanges is at almost a new low, and it looks like there is quite a bit of resistance from bullish people refusing to sell for such low prices. At least that is how I personally feel as a holder.
I would like to use this post to list possible catalysts that can increase the volume and price of bitcoin, so here goes:
1. US elections - If democrats win that will create stagnancy in the US political system a beneficial thing for bitcoin (the election is coming up in a few more days)
2. Larger and more effective stock market and credit crashes in world markets - Ray Dalio has said that a recession will come in the next 1.5 years (he said 2 years in march) www.youtube.com/watch?v=5C43i3yc... Bitcoin was created in the depths of the 2007 world crash, and world instability is a major support of bitcoin and crypto.
3. Brexit hard exit - Brexit is not being prepared for properly by Britain, and I almost guarantee you Brexit hard exit will be the catalyst for MANY things, not just an increase in bitcoin. Brexit is happening next year (I believe in December)
4. Opening up simple investment in bitcoin for large investment firms such as Fidelity and other investment firms.
5. Possible Italy/greece default situation (this one can come randomly, but at this point EU monetary policy is held together with duct tape and cum lol)
These are the ones that come to mind initially. PLEASE PLEASE PLEASE! if you have any other catalyst ideas post a comment. I would like to start a discussion :D
Like this idea if you find it interesting por favor ;)
Comment:
This BTC chart is overlaid with S&P + NASDAQ performance. 400% up vs 24% and 10% over a year and a half lol
Comment:
check out @briskvoice's short analysis. I use it to help me know when to make small sells and when to hold ;)
Comment:
"When all your judgements are based on your own wisdom, you tend towards selfishness and fail by straying from the right path." - Yamamoto Tsunetomo
We have to work together people for all our benefit :)
We have to work together people for all our benefit :)
Comment:
When I looked at this percentage growth chart, it looks to me like the price is bouncing like a basketball. There is a very clear floor at 400%. If you drop a basketball from 20ft it will bounce 8 times depending on what you count as a bounce we have bounced 7-9 times.