Fundamental drivers of the cryptocurrency market

The answers were clearrr above... but you need to pay attention and read carefully, Yogi.
1. In this context "driver" obviously is referred to as incentive, stimulus, stimulant, impetus, spur, drive. Please don't tell me you need explanations why those are only positive in connotation;
2. I have used the word prospective renminbi. The idea was very simple but you stups get confused in words, governments will never undermine their own power by supporting private blocks;
3. Why can't you understand a four character word?

Ok, you won, I'm the idiot, because I bother to play with you, trolls!

Tudor, your the biggest troll on this forum and I'm saying that respectfully. You should keep your trolling to the thread you created "Honorable Bitcoin."

My posts makes sense, buddy! But I'm proud you call me that!

With the bitcoin block reward halving less than six months away, I thought some might find this to be useful.

https://www.binance.vision/halving

https://medium.com/swlh/bitcoin-halv...w-4573dc5b528e

Bitcoin’s Quarterly Returns Over the Last 6 Years

Bakkt Bitcoin Monthly Futures have set an all time high trade volume 12/18/2019

Traded contracts: 6601 ($47.30 million, +74%)

Open interest: $3.98 million (-39%)

And here's a piece of honest information which shows what was the fundamental driver of the cryptocurrency market for the last spike:

On Binance, the largest BTC market, 1,000 bitcoins changed hands in two minutes, with prices falling $61.60 to $6,509.91.
It slipped below $6,500 on other exchanges.

Yet a minute later, 897 were traded on the exchange and prices seemed to stabilize at around $6,537.
The lull was short-lived; another selloff with 986 bitcoins finding their way to new accounts.

Buy orders flooded markets and bitcoin gained $74 in two minutes, closing at $6,596
The candlesticks that trudged through the mud minutes before suddenly had a quicker step.
Short after that bitcoin was trading hands at $6,900 apiece.

Woah, fascinating cryptocurrency!

There is a macro environment that is developing, which, if it plays out, could propel BTC to new all time highs.

There has been a recent rally in BTC (and other Alt Coins), potentially showing Bitcoin to be a risk off preference for investors, at a time when world trade is negative.

Now we have the Coronavirus. It’s not the virus but the reaction by governments that could fuel the big moves. Think about it, if supply chains are severely disrupted by regional & international travel bans/restrictions, the knock on effect is heightened fear levels & global demand shocks.
We’ve already seen big moves down in the commodity currencies with Oli bang on trend for pricing in demand threats.

The virus has spread, the reaction by governments will too. This could be the start of severe global trade restrictions, right off the back of trade wars.
I don't think it’s doom & gloom to expect governments to over-react to this threat.
(Only time will tell if this is the right reaction)

LONG BTC.

& I’ll bank profits the moment an antidote/cure is found (excluding fake news).

Just my humble opinion.
Black Swan Event?

<p> That he is!!! 👍👍👍

You should give credit to the Sheeple when credit is due 😂😂😱

I like your macro long view and tables TMR 👍👍🍻

Bitcoin is 10k today, not bad...start... 👍🍻😱

Haters will hate reason
Crypto sick wannabes feel small and hurt by the smart people
Look, they lose their minds for 10K ...teeny imbeciles

for those on denial .. lol

Not bad 10-11% in two days.

Happy 13k.



The dirty gold dropped what 1%.

Fundamental driver

Like clockwork.

https://www.microstrategy.com/conten...es-in-2020.pdf

$100K in play for 2021.

We all saw what happened to the market when El Salvador's plans for Bitcoin came into effect. Panama announced they have similar plans to legalize crypto, I expect once those come to fruition we will see another shake up.