Will Bitcoin continue crashing in Q2 2019?

in #cryptocurrency6 years ago

There are simply too many things coming together in March and April for this to happen.

These are all the things happening in descending order from most impactful to least impactful.

The most impactful event is the start of the 300% pre-halvening pump, which has always started exactly 1 year before each halvening. The next halvening is in May 2020, so this pump should start in May this year. Read more about this here.
Bakkt will most likely launch in March/April.
Fidelity, one of the world’s largest asset managers with $2.6T AuM will launch their crypto products in March, which were under extremely high demand "An Extremely High Percentage" of Institutional Investors Interested in Crypto Says Fidelity's Jessop.
Samsung will possibly launch crypto wallets in all of their phones Samsung Galaxy S10 will possibly feature cryptocurrency wallet
Starbucks (one of the 3 companies that own BAKKT) most likely implementing crypto wallets in their Starbucks app with 50 million users and allowing people to buy coffee with crypto directly
We already have cryptos with BAT and DENT with more than 5 millions of monthly active users and more than 11 million (!) users each
We finally have blockchains now that can possibly process 1M transactions per second while maintaining near infinite decentralization (HOT, ZIL, QKC, ELA).

ELA and ZIL are already fully launched, HOT and QKC follow in the next 3 months.
10 Fortune 100 companies http://fortune.com/global500/list/working on blockchain solutions (Phillips, Bosch, Amazon, Facebook, Daimler, JP Morgan, Disney, Goldman Sachs, ICE). By the end of 2019, we will probably have 30% of the Fortune 100 working on blockchain solutions.
Conclusion
This is a very big difference to the previous bull run, where we didn't have any of that and we had a 150x bull run.

We had zero adoption, terrible scalability , terrible decentralization and no serious company touching blockchain even with a 10 foot pole.

Now, we have everything.

Can the market in Q2 still drop further? There is of course the possibility, however, my personal estimation is definitely no.

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To the question in your title, my Magic 8-Ball says:

My sources say no

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