Hello everyone! Hope everyone reading this are doing great today where ever you are in the world. So as you people into crypto most likely know, we are still in a continous BEAR MARKET and until Bitcoin breaks $13K again, this is going to continue. Seems betweem Mt. Gox, Bitcoin Futures and other whales are out there to manipulate the market ILLEGALLY which has gotten to the point that the US Regulators are starting to step in to investigate this market manipulation because we have heard nothing but great, positive news on crypto as of late and yet the prices does not go up more and reflect on it...
First we need to find a way to severely limit how many Bitcoins that Mt. Gox and Bitcoin Futures manipulators can sell in an exchange, after this has solved, for the next BULL RUN to happen, these following 4 things I believe must happen later this year:
1.) COINBASE must start adding a new coin onto its EXCHANGE!
Why Coinbase? Its pretty much the biggest USD to crypto exchange in the world next to Gemini. As you may have noticed, there are a lot of rumors going on that Coinbase may be adding Ripple, Tron, Basic Attention Token and other ERC20 Ethereum Token (which has been officially announced). Last year when Ethereum, Litecoin and Bitcoin Cash was added to Coinbase, the prices of these coins skyrocketed like crazy to new all time highs for a while.
I believe adding super cheap coins like TRON TRX and Ripple to coinbase which are both well under a dollar per coin now, a lot of the new people will finally have a cheap option to easily invest in with USD and people are going to go crazy buying coins under a dollar as opposed to the current coins that are $100-$1000+ per coin now and the average person does not like buying portions of one coin.
2.) USD Pairs for Bittrex and Binance are planned to be implemented later this year!
This means that cryptocurrency exchanges like Bittrex and Binance are looking into adding US Dollar pairs later this year and we are not talking about no Tether :P
Basically if they manage to get a lot of the top coins that are not on Coinbase yet to be traded for USD and vice versa, that means they are likely going to make it possible for you to purchase a wide variety of altcoins using a credit card or bank account to buy coins like NEO, Ripple, Cardano, TRON, Substratum, etc. using US Dollar currencies instead of being forced to transfer Bitcoin from Coinbase to Binance to then trade Bitcoin to an altcoin which you will have to file for capital gain/loss taxes on your report cause crypto to crypto trades in the US are TAXABLE EVENTS
3.) Big Institutional Investors has yet to barely put money in the Crypto Market.
That means that the BIG MONEY has yet to be injected into the crypto's overall market cap. So that also means we are still very early adoptors and those buying coins on the dip and HODLing will be looking for the day when huge investors starts investing billions to trillions of dollars into cryptocurrency. That means the prices of a lot of crypto coins will moonshot like crazy. There we can see BTC go up to over $50K, LTC over $5K, TRON over $20, Ripple XRP over $50 etc.
4.) Partnerships with HUGE retailers like Amazon, Google and Apple
Yup! Many people sure are hyping that Litecoin, Ripple, TRON and other crypto coins to be used as a Payment option to buy products and services from Amazon, Alibaba, Walmart, Google, eBay, etc. These will come with the mainstream adoption! This will moonshot many top crypto coins like crazy when this announcement occurs, of course after we are out of the bear market and us being in the mercy of Mt. Gox and Bitcoin Futures.
When huge retailers starts promoting cryptocurrencies as payment option, the average people from around the world will know about this, get curious on what these cryptos are about and then start buying the crap out of these coins on Coinbase, Bittrex, Binance, Gemini, etc. and then the current investors will be SUPER KING RICH!
By then, I imagine that the regulations of cryptocurrencies will be more clear and institutional investors will be aware and already investing on these.
AND IF YOU READ UNTIL THIS POINT, YOU DESERVE ONE BONUS FACT!
5.) The World Leaders and G20 Summit confirms what the regulations will be on cryptocurrencies and will be more clear to everyone in the world.
This I believe needs to be cleared out before any of the first 4 to occur. Once they talk about what the world leaders will decide on how to regulate cryptocurrencies, I imagine short term, many people will panic and the last waves of the weak hands gets out of the market and the market will be very bearish for a while.
This may be the final opportunity to buy cheap coins before the big whales starts buying a lot but this time these investors are most likely to hold these coins long term instead of selling quick for profit like Mt. Gox does.
Then in the long term, the mainstream will start recognizing cryptocurrencies as a legal form of currency and the average consumer will slowly start feeling more safe to invest on the coins. Eventually the volatility of the coins will tone down by a lot.
So what do you guys think about this? I'd say the future of cryptocurrencies are still very bright despite the bearish market we are still in. For those that believe in the tech of the cryptos long term and only invested money that they can afford to lose, we will continue to buy the dips and wait for the market to do its thing.
UPVOTE this if you found value in these information that I just provided. RESTEEM to let more people know about this info to give them hope that cryptocurrencies has a really bright future ahead of it.
Comment below your thoughts on this and follow me if you haven't and liked the info I provided you. So until my next blog post, take care, God Bless and STAY COOL! Bai bai! :D