Consensus 2018 Starts Tomorrow ! Will It Be A Starting Point for the Rally ? @ned Is Also There !
Tomorrow is the first day of the Consensus 2018, the biggest and most important crypto event for the year. As far as I can see hopes are extremely high that this will mark the beginning of the next crypto bull run.
What is Consensus ?
According to their website
CoinDesk is proud to present our 4th annual blockchain technology summit, May 14-16, 2018 at the New York Hilton Midtown. Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
A lot of the most important people will be present at this conference and a lot of new developments will be announced along with partnerships and technology improvements. @ned will also be speaking at summit.
If you take a look at the sponsors of the event it gets pretty serious - Deloitte, PwC, IBM a lot of the coins are along the sponsors also. The full list you can see https://www.coindesk.com/events/consensus-2018/sponsors/
The least I expect is a short-term rally, I hope that everything goes well and this unleashes a new wave of december madness. What's your opinion on the matter ?
i`m going to watch online
I think the conference should have little direct impact on prices and even if prices do go up or down, i think i would not correlate it with consensus. It is lagging indicator of interest in bitcoin and crypto, not a leading indicator. Increase in bitcoin adoption was already highlighted by the sharp price rise in 2017. 4800 or more attendees at consensus is a result of that and not the other way around.
Although i want prices to go up, i will also prefer that the correlation between consensus and bitcoin price is broken this year.
makes sense but I think that more attendees also means more mouth-to-mouth advertisment, which should lead to even more interest and hence the "bull run". I adjusted my expectations for this one, I didn't take a good winner because of increased expectations. Thanks for commenting.
This time, there are lot more eyes on consensus. When everyone is hoping the same think then it doesnt play out that way, especially in cryptos.
yes, you are right. I personally was caught off-guard when the dump today began. Makes sense :)
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