Daily: What's holding the BULLS back?

in bitcoin •  7 years ago 

The community is expecting a bull push ahead of the biggest Blockchain Event next week: Consensus 2018. However, it seems like there are 2 FUD sources hold the bulls back and bringing the bears in.

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thanks for the info

The potential dump from Mt. Gox should not impact prices materially as these will most likely traded OTC and not flood the exchanges. However, people are most likely taking some profits from the recent run higher going into Consensus. There may be too much hype and expectation from the event so holders may be scaling back a bit.

Why do you think that OTC trades do not affect the market? Do you think that the buyer of the OTC sales will sell any of their newly acquired Bitcoin? If so, then wouldn't that OTC sale indirectly affect the price?

OTC transactions are normally made from institutional or larger investors that are accumulating assets for a longer term perspective so I do not think they will dump it immediately on the market. I would also think that the price arbitrage is probably not that large in OTC so the buyer will need to hold for some time before selling.

Hi Mikel!

Thanks a lot for this daily update.

I hope that the bulls come back soon and run faster than ever before. 😅 But lets enjoy the ride on the roller coaster no matter if it goes up or down.

Unfortunately the market will be driven by "news" until such point that scaling happens in some meaningful way and mass adoption starts to take off.Hopefully the news from Consensus will re-energise crypto.

its so amnother great crypto update of bulls push news,,
thanks for crypto analysis,,in 2018 it was so great push,,
i think it will give us such a great raising .

Good back my dear friend @boxmining
This very beautiful video and nice bitcoin crypto.
Thanks for sharing update proving crypto currency news....

A bull push on the consensus 2018 would be great. We have been on the bearish run a long time. A bullish push up would be just great.

thanks for shared this video. i learned a lot!

A bad luck is again started i guess all is red.

have faith in the tech.
and buy the dip, if you can.

This hard cow, I like this video.... thanks for sharing.....

Can you do some research in to SingularityNET and Polymath
yes never have a lot of cropto on and exchange only safe spas are in a cold wallet

I like this video.thanks for sharing.

Beautiful video
I like it bitcoin crypto
I appreciate your crypto currency.

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