Three reasons bitcoin not dead in CNBC fast trader, Kelly describes the three main reason bitcoin will recover in the mid-term to the level of support previous in more than $ 10.000: negative sentiment of investors indicates that there will be the most down. The development of positive in market currency Exchange cryptocurrency Japan Mt. Disbursement gox bitcoin postponed until 2019 refer back to the ground rules investment, Kelly noted that during the period in which the market is very bullish and optimistic, it is better to sell and see opportunities the right time to go and when the market too pessimistic, it is wise to look for the position of entry. Given the sentiment adversely market cryptocurrency by investors, Kelly explained that correction main market cryptocurrency likely going out below in the near future, the possibility of two to three months ahead to start the rally the medium term on the fourth quarter of the year.
More importantly, Kelly stated that step the Japanese government to tighten the rules, clean the market cryptocurrency, and legitimize sector cryptocurrency Japan is a positive development for long term, because it will prevent attack hacking such a great security breach coincheck and allows investors in the market public to get the trust in Exchange local.
South Korea, market currency Exchange cryptocurrency the third largest in the back of the US and Japan, also have begun to prepare the regulatory framework cryptocurrency to set the Exchange cryptocurrency as Bank, to prevent the attack hacking and money laundering, while legitimize sector cryptocurrency to protect the investors and set the standard industrial area for business. There is no longer Mt. Disbursement gox throughout 2018, some Mt. Sales sell-off of tens of thousands of bitcoin cause market crash, prevent BTC gain momentum in a certain period. Kelly emphasize that delay Mt. Gox bitcoin sell-off to the beginning of 2019 is a factor optimistic to be considered as a major factor for the potential sell-off the market has been removed, at least in the mid-term. "Mt. Gox will undergo rehabilitation and they will distribute the rest of bitcoin worth $ 1 billion. But this is a great about it, they will not be distributed to quarter 1 year 2019. everyone suddenly think that there will be a wave of sales. Not the case now, "said Kelly. Three factors outlined by Kelly can encourage rally BTC medium-term next and positive developments in currency market cryptocurrency Japan and South Korea will allow the market to grow with stability and trust of investors, which would be very useful in the long run. .