Agreed, the rise will happen soon. I would like to ask you something else, old bean, as somebody who would have looked at the reason or source of that impulsive move we saw. What do you consider to be the source of this? Some people are saying it's because the tax deadline is out of the way, but I would have expected to see something after the 15th, if this were the case and not such a big move caused by a lot of liberated taxpayers, all conveniently choosing to put their money in at the same time. Since such a huge amount of money came into the market at once, could it be a hedge fund? And, why should this happen before the futures deadline on the 18th, with so much money shorting Btc?
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I think it is a combination of all you have stated and a few additional items. One main source could be the credit derivatives market is in a stake of “panic”. This could be driving new investors into the crypto world. The fear of a global banking collapse. I personally do not believe this will happen, however fear seems to control investors. Even the mainstream investors " George Soros" are entering the crypto world. Another factor could be the strong drop in crypto prices and the fear of missing the rock bottom prices before the bull market returns. I personally have been purchasing an abnormal amount of crypto as I know the market is set to return to all time highs.
Thanks, I expected a more sober reply from you than the wild speculation I have seen elsewhere on here. I never considered the credit derivatives market. It’s a shame the price has shot up now, because I was waiting for a drop in the price before the futures, but it looks like I misread the situation. Now my BNB and Lightning Network Futures trades are in tatters and I was going to invest any profits from these into Steem and Komodo (5% per year and imagine having a thousand+ of these and the price goes up to $500+ dollars in a few years) 👍