The biggest cryptocurrency event in the world, known as "Consensus" is set to begin tomorrow.
Not only is it the biggest conference in the world in terms of attendance as well as who these attendees are, but this year is expected to be significantly bigger than previous record setting years.
And to be honest, it's not even going to be close.
Last year, the previous most well attended event, had just under 3k people attend the conference.
This year it is looking like over 8k will attend.
(Source: https://twitter.com/coindesk)
This was posted a few days ago and it looks like that number keeps climbing.
It appears interest surrounding the event keeps on heating up.
Here are the google search trends related to the event as well:
(Source: https://twitter.com/satsinvest/status/995630885385986048)
This year it takes place in New York at the New York Hilton Midtown.
(Source: https://twitter.com/coindesk/status/995456178909040640)
What effect might this conference have on the crypto markets?
I'm glad you asked!
If history is any indication, the answer is that it will likely have a significantly positive impact on the crypto markets.
Especially if this year's conference is roughly 3X as large.
(Source: https://twitter.com/fundstrat)
Does 3X as large mean 3X the impact?
Not sure about that, but if that was the case we could expect to see something like this:
(Source: https://twitter.com/fundstrat)
Or here, this is perhaps a slightly more clearer representation about what to possibly expect:
(Source: https://twitter.com/FrenchCTrader/status/995673684105924613)
All that being said, keep in mind that when everyone expects something to happen, it often does not happen.
However, the fact that this conference is so much larger than years past, and the fact that crypto is down significantly year to date, leads me to believe there is a very good chance that history repeats and we have a very good next several weeks/months.
Plus, we can't forget about this:
(Source: https://goldstockbull.com/articles/bitcoin-seasonality-chart/)
May and June tend to be pretty good months for bitcoin and crypto.
Stay informed my friends.
Follow me: @jrcornel
cant wait for this event! It’s a fantastic opportunity to promo the vision for crypto as well!
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Exciting event, hopefully Bitcoin goes on a run like last year's event
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Finally soemthing in nYC, I’ll be attending tomorrow I hope
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2018 is just the beginning of the era of cryptocurrencies and the revolution of our entire system we just started will created a ripple around the world.
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Your last comment is the only thing keeping me away of investing now... When everybody is expecting something to happen, it usually doesn't. But still, the opportunity seems too good to let it pass. Cheers
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Wow what a great post about cryptocurrency
Thanks for your great post @jrcornel
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In where can we trade Consensus ? Can you talk about its blockchain technology ? For crypto news follow @jyotirmay
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Never heard of Consensus though, from the bitmexlifestyle graph, May-June is tipped off as a good month for BTC and crypto generally.
May is almost gone half and the reds/blood still flows in crytposphere.
As diehard HODLERS, we still keep hope alive.
I look forward to a favourable outcome after Consensus 2018.
I have already marked my diary for the 20th & 80th days after.
Thanks to @jrcornel as always.
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very good points and i am so exited about consensus 2018....
can you please tell how much increse sbd value?? is it cross 10$ ... and what about btc price ???
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I have no idea what the prices will go to. I am hopeful that they will go up significantly, but that is about all I can say.
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sir when we see sbdprice 10$ +?
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I've been buying more and more coins during last few weeks because the rates have been really low... Hopefully I can sell some of them if the rates start going up.
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Great Post my dear @jrcornel.
I can't wait to hear some feedbacks from Consensus18 !
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Very exciting! Can't wait to see what goes on at Consensus! Hopefully we see a huge spike in price like everyone is expecting, then I can afford to go to the event next year!
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Now all the hookers who accept crypto are going to show up show up
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lmao
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Ill be there !
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great post , i think its will be the begining of a HUGE rise :)
thanks for sharing
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I am not sure it lives up to all the hype, but I am hopeful for sure.
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hope so sir .... what do expect about sbd price ??? up 10$ +
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There will be a slight increase, and then a drop, most likely below the existing level.
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I think we'll definitly see a move on Bitcoin, but I also think that it won't be a 3x, Im realistic. I think something like 15-30% is possible. I may be wrong, hopefully I am, I really would like to see a 3x.
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As much as Im crypto enthusiast I wouldn't assume that 3x bigger audience=3x bigger impact.However I think upcoming months will bring thouasands of new investors and bigger crypto awarenes among "normal" people.Anyway Im really excited and I can't wait to see results.Thanks for keeping us updated :)
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There is no correlation between the previous Consensus events on those graphs and the normal crypto price rises thereafter. None. You might as well attribute the success of crypto to Easter. News simply doesn't work like that. The markets continue to climb with or without Consensus, that's standard. Here is how news works. https://steemit.com/cryptocurrency/@bitbrain/the-news-that-crashed-the-market
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But I'm still really keen to see what comes out of the event!
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According to Robert Sluymer, managing director and head of technical research at Fundstrat Global Advisors, a lot of people are looking for clarity on projects as uncertainty around regulation still looms. He added that it should all become clearer as ‘we move around Consensus.'
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That is the hope!
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Will Cryptocurrency have a Bull Run after Consensus 2018?
I was told my post 5 days ago was a bit bearish.
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I had never heard on Consensus before.... will shortly be adding more to the google search trend bar! Well.. maybe not, you had a lot of good info here, thanks for the info.
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Of course. It's nice to see numbers and trends instead of just opinions.
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I am looking forward to join this event.It is great opportunity for us to meet experience sateemit friend like you. Thanks for your invitation and crucial post.
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Although I think Consensus 2018 will have a good impact for the space (in terms of publicity), not sure what it will do with the price. End of Q2 news is often more interesting since it is time to deliver on roadmaps and promises for a lot of projects :-)
We'll see!
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Well I think a lot of projects find investors at this conference as well and we see that money get invested over the weeks/months that follow the conference, which is why we often see that big uptrend following the event. I would not be surprised to see that happen again, even if the initial hype pop is not as high as in some years previously.
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That is a fair point. I do think that in previous years a lot of that money was fresh fiat money coming into the space. This year we'll probably see a shift from money that currently is invested in one project, going to another.
You could have a good point still though, there are relatively much more 'investors' this year than developers at the conference.
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Agreed. Over half the people in attendance are from outside the US as well, which is pretty interesting. Not sure the numbers have been like that before?!
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Consensus is such a polite name. These events are usually called something like Disruptive Radical Revolution Tsunami Overdrive.
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