[dtube] Will Consensus 2018 Trigger Another Great Bull Run for Cryptocurrencies?
In previous years, Consensus has been a significant event in which the prices of both Bitcoin and altcoins have risen considerably in the following days and weeks.
In this video, I'll be discussing whether we can expect the same thing to occur with this year's event.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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First of all happy birthday to your relative. Based on history, it has usually impact on crypto prices overall especially when it’s oversold or when it’s consolidating. I would be very careful to day trade these markets. As you mentioned, these markets right now are not driven by fundamentals, but by emotions and psychology. These markets are very tempting, but very volatile as well, even more than it is now. My guess is since we had a pullback in crypto we will have 10% pump and then it depends if we nicely consolidate, we will go higher. If big dump below 8k follows we are stack in this 7k-10k range.
Thank you Milano! :)
Thanks to each year’s Consensus, people and big companies get informed about blockchain and crypto overall. They may be waiting to pull the trigger after the consensus in case there are a some kind of red flags, something they may get disappointed with, which I doubt. Let’s hope you are right. Let’s hope this even brings new bull market. We should prepare for the worst case scenario as well.
BTW: the event is in New York Hilton Midtown.
Consensus could only and the best way forward as far as cryptocurrency is concerned, there must and should always be agreement on the fixed price but it shouldn't be autonomy anyway, always believe in community as they are the one that can actually make things happen. I'm streaming the video, your research as always be of help on cryptocurrency related issues.
You see in years past consensus has often triggered a bull run for crypto currency and with speculations all around , it might likely. My connection sucks, taking longer to stream
Yes i strongly believe it will.
"Already one of the largest crypto conferences in the world, attendance this year is up dramatically (see below) and coming at a time when Bitcoin/Crypto is down YTD," the firm said in a note to clients. "Hence, we expect the Consensus rally to be even larger than past years."
You can read more here
I am hoping it does, but I am not sure at this point of time. Yes it can certainly can be the catalyst to something great.
You are right to say that at this point of time market is being driven by emotions and there is lot of pent up energy in there. FOMO psychology is perhaps more significant in short term than realistic market forces.
Concensus play major role in altcoin where all professionals body and new blood invested in cryptocurrencies this triggered the price of Bitcoin and altcoins, periodical concessions is very important, this is an interesting video.
I was reading about that conference a few hours ago, I really think that if it is one of the biggest cryptocurrency conferences and with all the hype around, iit does not surprise me at all that it does
I think we will have a hyped bull run but then a crash back to where were at before now. Anyway we will just pick a spot to take profits and buy in low when it does.
Its hard to predict that market will go higher like previous year but consensus play a major role in whole crypto industry . Definitely people are more concern then before. They know its not just a game its a revolution. But am really optimistic about the price growth of crypto for this consensus .