(DISCLAIMER: I AM NOT GIVIN ANY FINANCIAL ADVISE. I AM ONLY POSTING FOR YOUR ENTERTAINMENT. DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS!)
Since a few weeks we can read in many forums/groups that and how the price of bitcoin (or crypto in general) will surely ROCKET after the Consensus 2018 - like it allegedly did the last three years. The Consensus conference 2018 starts by tomorrow, time for some rectifications...
SPOILER:
In 2015 nothing happened to the Bitcoin price until 5 weeks after the event.
In 2016 nothing happened to the Bitcoin price until 3 weeks after the event.
In 2017 the Bitcoin price dropped (!) immediately after the event and continued its prior bull run into a short consolidation a few weeks later.
Remember that 2015/16/17 was ALL BULLISH which is not the case at the moment. Any correlation between the Consensus event and the price of bitcoin is simply wishful thinking.
I am to lazy to pull out the charts for the market cap from this time but for a matter of fact NOTHING happened to the market cap around Consensus 2015 and Consensus 2016 and it actually went down shortly after Consensus 2017. Look it up by yourself if you don't believe me.
And now have a look at the charts with the highlighted date of the Consensus event. The chart shows the Bitcoin price one month prior and one month after the event.
What can we learn from this? Do your own research and don't fall for what other people hallucinate into their charts :-)