Spark for Bitcoin rally

in #cryptocurrency6 years ago

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June 2018. will start in few days and Crypto market still struggle. There were few glimpse of hope that bullrun will start again but that didn't happened. Many expected that Consensus 2018. will start rally but id didn't. We are around 7000$ and market look like it doesn't have fuel for new highs.

SO WHAT WE NEED FOR NEW BTC BULLRUN?

Last year BTC bullrun was very strong and Bitcoin rise from around 1000$ to 20000$. That run was great but WHAT WAS A SPARK for that rally?

First of all I don't think that anything related to Bitcoin has started rally. In my opinion, last year's bullrun HAS STARTED BECAUSE OF ETHEREUM. Ethereum ICO's were something new, with many nice, promising projects. People liked that and lot of money came into Crypto market. Easiest way from Fiat to Crypto is through Bitcoin. This is how spiral was made and all Cryptos rise all together.

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Last year, 2017. was YEAR OF PROMISES and many Cryptos rise hard just based on promises.

This year, 2018. HAS TO BE YEAR OF FULFILLED PROMISES if we wanna see new bullrun.

I see TWO THINGS THAT CAN SPARK NEW BULLRUN.

First one is EOS. EOS is great well funded project that will go live in few days, at start of June. Why EOS? What separate EOS from many similar platform projects?

Answers are simple. Dan Larimer and LOT OF MONEY that they have for project development. I believe that if everything goes fine, EOS will surpass ETH and it will be most used platform for DApps. ETH in current phase has limit what developers can do. EOS doesn't have limits like Ethereum. There are already many projects waiting for EOS launch to start and there will be more and more of them in future.
EOS success can spark Crypto market rally.

Second thing that can spark bullrun is development of ETH.

If Casper and Sharding work, many projects on ETH will be able to develop further and they will be able to fulfill promises. Successful projects will bring lot of money into Crypto world. Ethereum has lot of developers and with Vitalik on top, there is big chance for success.

Dan Larimer and Vitalik Buterin are probably two greatest minds of Crypto Space at moment and I really enjoy following their work.

I hope both projects will be successful and then new bullrun is guaranteed :-)

I would like to hear your opinions, what we need for Crypto bullrun?

Regards,

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more good news for bitcoin and alt coins...
Torrealba (judge) believes that the [crypto] industry will continue to flourish since banks have too much control over everything. Orders the banks to re-open everyone's crypto accounts!opens the door to pursue civil lawsuits.
https://coinidol.com/chilean-banks-to-reopen-cryptocurrency-exchange-accounts/

Nica news :-)

Very good information for which I thank you very much. I think there will still be a jump by the end of the year, It may exceed $ 25,000.

absolutely krokodila. i am seeing $26,000-

Of course it could be $ 26,000, I expect at least $ 25,000, and the ceiling will only show.

Hi, thank you for contributing to Steemit!

I upvoted and followed you; follow back and we can help each other succeed :)

And I thank you, it is very nice to be useful

I totally agree as well. Any less than 20k will make bitcoin undervalued in my eyes.

BTC, RETURN IT'S $ 25 000 WHY NOT TO $ 30,000

BTC will be back. also check out SMOKE Coin

surely kiefpreston, it will be back soon

Thank you for sharing. I hope for a bullrun in cryptos this year. I am heavily invested. I did not cash in during the last bullrun but this time I am ready. Yes, I hope for something to spark the bullrun and I hope it happens in 2018.

EOS maybe better than ETH, but ETH is way further in terms of progress. Apps like GNT (Golem) are already fully running on ETH and have real world use cases. Isn't EOS what ETH was like next year? Nevertheless, 2018 is the year of fulfilled promises.

I like Golem but if people really start using it, 15tx/s that ETH has at moment is far from enough. I hope ETH will evolve to a point that can fully support all good projects.

yes jfitmisc. I still believe in EOS. Although it failed in my last months top 5 coins. But this is my new month top 5 - I excluded it till July...https://bit.ly/2smz6aK

Good analysis of what happened last year and what’s needed this year. Basically, last year a lot of new people entered the crypto market, probably due to ETH ICOs as you mentioned. This year we need many new people to also enter, but this year they are looking for working projects not just ICO hype. We need different people to enter the space, and right now those people aren’t confident enough in the industry as a whole.

I think advancements with platforms like ETH and EOS can help some, but that’s still mostly appealing to people already pro-crypto. For someone skeptical of the whole thing, which is most people, there needs to be a mainstream breakthrough project that just happens to be crypto. Think cryptokitties, but more serious and useful or mainstream entertainment related.

That may not happen this year, but when it does, that’s what will launch the bull run. That or govt regulators shutting down the market manipulation that’s been undermining what little rises have been attempted by the market, and enough institutional money coming in as straight buys (not shorts and such). But the real rise will only come when a lot more people think it is something worth the steep learning curve to get involved with. And more training to make that accessible too.

You are right that we need real important projects for mainstream adoption, not cryptokitties. This is why I think that EOS is game changer. You can build on EOS whatever you want...

True, but it can’t just be a possibility or even a promise. The real rebound will come only once those projects are operational and getting decent mainstream adoption.

tienes mucha rason amigo se necesita muchos proyectos para poder seguir adelante todos los propositos y metas para poder cumplir los objetivos

great reply indigoocean. welcome
Greetings @ Bizdynamicx.com

These are very keen observations @cicibar as always. I wonder how many current athletes are getting into crypto? I was listening to an interview on ESPN with Evan Mathis (recently retired American football player), he is the guy who sold a Mickey Mantle '52 Topps baseball card (to non baseball card/memorabilia the holy grail of the collectible trading cards in the last 70 years). He said in the interview that he was going to buy his dream house for his family now that he's retired, pick up new inventory in memorabilia, and he mentioned in passing in the very last seconds of the interview that he also enjoys following Bitcoin as well. Funny how the timing of that was right in front of that last crypto run?

Thanks mate. I really don't know how many athletes are into crypto. I know some of them but I believe percentage is similar like ordinary people.

I made some large bets with friends that Bitcoin would be over 15K by the end of the year.. am I in danger of losing? I feel that BTC will be closer to 100K than 15K..

The buzz from many of the YouTubers is that July is going to be the month when Bitcoin spikes again. I'm ready for another spike because these last few months have been pretty boring.

Hope they are right...

yes jmjury, very boring.

I even failed in my analysis for top 5, but not for June though...
https://bit.ly/2smz6aK

I wonder what's going to happen with EOS. So many people have not registered their tokens.

it will grow steadily...

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