Weiss Group: Parabolic Rise In Cryptocurrency

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The Weiss Group is becoming known for their analysis and rating of different cryptocurrencies.

For crypto holders, it would be best if the past did, indeed, equal the future.

In a couple weeks, we are going to see the halving of Bitcoin. This has put people all over the board in terms of the opinions of what will happen after it takes place. Some believe this will set off a major run while others seeing the price of BTC actually declining due to the halving.

Obviously, there is no way to tell until it happens. What we do know is that, in the past, the halving eventually led to an explosion in BTC and, ultimately, in the crypto space.

Will it happen again?

The Weiss Group seems to think so. In an interview, Dr. Martin Weiss explained how they see things happening after the halving takes place. Their analysis is based upon the past halvings which led to some out-sized returns.

Weiss says historically, the BTC halving has “unleashed a historic bull market in cryptocurrencies, creating massive wealth for investors.”

The challenge is that it is always easy to catch things in hindsight. It is being ahead of the curve that is a bit more difficult.

It is also worthy to note that Weiss is promoting a new service they are offering, thus he might be sugarcoating things a bit to lure in customers.

That said, he is not the only one to take this position and does use past events in the analysis. He also goes on to state how it is written in the code, meaning that it is ready to be unleashed again.

A rare event will soon trigger a massive cryptocurrency superboom, sending Bitcoin and other select coins to new, all-time highs.Because this trigger event is built right into the code. No government, no organization, and no group of individuals, no matter how rich or powerful can prevent this trigger from being pulled. And every time this event has occurred in the past, it has always unleashed a historic bull market in cryptocurrencies, creating massive wealth for investors.

Indeed, as the following chart shows, the last two halvings of Bitcoin did unleash bull markets that saw enormous rises in value for many tokens.

Does this mean it will happen again?

Obviously, the cryptocurrency space is much different than it was 4 years ago. A lot of development took place which saw the industry mature a great deal. While much bigger than it was during the last halving, it is still a relatively small market overall. Parabolic runs are not inconceivable for a market that is worth roughly $225 billion.

We also have another question: which tokens will benefit?

There is an adage that "rising waters lift all ships". Could we see this in effect this time? I am not sure that everything will benefit but projects with a bit of name recognition and something behind them should do well if this run does take place.

Depending upon how things go over the next couple months, cryptocurrency could benefit from the events in other markets. Thus far, after a big drop, the stock market held up well. Bonds are taking it on the lip and real estate is likely headed for a downturn. If the stock market turns south, especially violently, investors might look for returns elsewhere. A bit of a run in crypto could kickstart something much bigger.

Would that be due to the halving? Not really. In this instance, it would be just a timing issue. However, it is a scenario that could play out.

The flip side is this might be much about nothing. Bitcoin might keep going along in a similar fashion even after the halving takes place. It is highly possible that it does not impact the Alt-Coin market and, after some adjustment by the miners, things maintain their present course.

Outside of Bitcoin, the rest of the cryptocurrency world suffered through a bear market that is more than two years old. Even Bitcoin is down significantly from its high. At some point, markets turn around. With all the growth in activity the last couple years, the industry is much stronger than it was during the bull run of late 2017.

How will all of this affect HIVE?

If things do take off in a big way, the fact that Hive got a great deal of attention the last couple months is only going to help. It is a token that, for now, is on the minds of many in the crypto world. Thus far, there are few negatives that can be pointed to it if the bull were to hit in a month or two.

That said, it is the new kid on the block so it is easy for it to be overlooked. There are still few exchanges that listed HIVE although they are growing.

In the end, the success of HIVE will come down to the utility behind it. I believe that about all crypto tokens (Bitcoin might be the exception). Therefore, the more activity that is taking place, the greater the value it carries. Eventually, the price will reflect tha.

What are your thoughts on the halving of Bitcoin and how it affects other tokens?

Images and the information about Weiss's comments can be found in this article.

https://news.bitcoin.com/bitcoin-halving-theories-whale-says-price-rise-is-a-nonsensical-narrative-weiss-ratings-expects-massive-crypto-superboom/


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20 comments
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I think this is a great take. I'm very much in the camp that most crypto will need a function to store any value and that Bitcoin is about to see another growth point over the coming years. I am curious though what more utility could be asked of Bitcoin than powering tomorrow's economy? 😉

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Bitcoin better get a lot faster if it going to take over the global economy.

Of course, never in history has we used just one currency so I do not foresee that likelihood.

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I can send as little as 1 satoshi up to millions of satoshis instantly. How much faster would it need to be for normal users? Just as the fed doesn't settle each transaction you make at the gas station nor should your base layer have to settle all transactions within your digital currency. That's why we have things like Visa to move money in the traditional world or lightning in Bitcoin.

I also don't think that Bitcoin will be the only ballpark to play in. I just think it's going to be the one that everyone wants universally. I think of it as the reserve currency of the future where everyone derives their value based in relation to the reserve currency.

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Maybe but once you start to implement layer 2 solutions, then you are in the hands of the regulators.

Do not be surprised if those running nodes on Lightning end up in trouble since they are facilitating money transmission.

As for the 'reserve' currency, that could be although my sense that we will see a completely new system evolve. I think ultimately people will end up being "networked" and that is going to provide what is needed. With the ability to go from one currency to another instantly, we will see less of a need for a standard pair across all items.

It will be more, when in Rome.....whatever network one is on, that is how it will be valued. Maybe BTC will be the standard value for the purposes of comparison across different networks. Of course, the way Ethereum is going, that could be the one that ends up taking over that role.

A lot of different possibilities before us. It will be interesting to see how it all pans out.

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I wouldn't say you're in any more of the hands of regulators as a node operator than you are as a miner at a technical level. There's little that any government could do to track down who operates what lightning node. Lots of LN nodes are operated behind TOR by default so even tougher for an enforcement standpoint.

As for a regulation standpoint I can see the argument though I think other legal measures will trump the MSB issue. Lightning is far more than only value transfer as it powers decentralized chat applications like WhatSat. This should give the first amendment lawyers lots of room to argue enforcement is abridging the freedom of speech of those operators even beyond making the argument that money is actually speech. I would hope so anyway for freedom's sake.

I think you summed it up perfectly with a lot of different possibilities before us. I'm hoping that whatever network we use it ends up making the world a better place than the world we live in now.

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I think you summed it up perfectly with a lot of different possibilities before us. I'm hoping that whatever network we use it ends up making the world a better place than the world we live in now.

Fortunately, with the present system, that is a very low bar.

With the way things are going, the power grab is only going to make things worse.

We need to see a lot more decentralized to provide people with options.

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(Edited)

BTC is the USD of the crypto world and people are waking up. If the main stream media starts to pick up on the halvening then we will see the boom this year, ( but rona gets all the coverage ) if not in a year I believe. But this black swan event should be in crypto’s favor imo. Let’s wait and see, the vibrations in the market are exciting 🤩

How do you think the launch of the China national blockchain and “cryptocurrency” being launched on June 25th affect the crypto space ( especially bitcoin?)

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Currencies are all about confidence. I think the Chinese crypto will have an impact on the USD. As for Bitcoin, I think the effects will be minimal. After all, one still needs to trust the Chinese government since they are still in control. That is why decentralization is so powerful; Bitcoin was made to be trustless.

Ultimately, the publicity could actually bring more people to crypto. As they get use to hearing about it, it won't be so foreign to them.

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I’ve been reading and watching that the old coinbase gang and USDC may be the digital currency of the US. I know the US will not make China take the currency lead so easyly abs are working on something under the radar. Extremely interesting times ahead.

( currently watching a Chinese chick talking about the China coin and the testing going on )

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So much is going on right now.
Crypto will emerge as the way each can control a part of their assets.
The halving will generate quite a few buzz and #btc may no longer be traded
below $10k( just saying).
2020 changes everything and corona just speed everything fast.
#hive is all about the community willing to prove, we are here and come join us.

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I agree. 2020 does appear to be a turning point. It is going to be interesting to see how this all plays out.

What is taking place in the world right now is opening up possibilities. People might actually be willing to listen now.

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BTC will never replace USD. It's simply too volatile for regular transactions. ETH will never replace USD for the same reason. However, both are great long term investments.

USD will be replaced by some combination of stable coins across multiple blockchains. However, what will be the peg if not USD?

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If the USD is replaced, there is no need to peg to it.

There will be something else that is the value that is pegged to.

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I believe that after HALVING we will see BITCOIN back to $ 6,000, the strong rise will take place at the end of the year or in 2021

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This year is so exciting. Black Swan in Stockmarket, Bitcoinhalving, Oil going to hell..... Man, sometimes I don't know, which market to observe in my hours awake!! Really.

I think, 2020 will be great, but 2021 will be gigantic! We all must stay together against the inflatiollar! The infinite fed expanding will not end well (for the dollar) and therefore are inflationproofed cryptos the new coins we have to use. Because the FIAT money is devaluating itself. And fast! People will notice it soon, when their grocery bill getting higher and higher....
I really think the ongoing problems in the financial system is key to this. Either they place their own digi-dollar and force people to use it, or we stand up and start use cryptocurrency instead. For daily use I prefer Ethereum. It's faster and cheaper than BTC. BTC is for savings.

Anyhow: Exciting times!!!

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With all the destruction of capital, I doubt inflation is any problem.

Tens of trillions in capital is being destroyed. We will likely see stagflation since there is a good chance of a run in commodities when we get passed this.

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Hello! This will be copy/pasted... but please pay attention to it... It's very important, I just need to spread the message quickly, before too many people are affected.

BITSHARES PROPOSAL SCAMS, BE CAREFUL!

There are people/a person, going around on bitshares and scamming people through proposals. I want to bring light to this as quickly as possible, for anyone who uses bts. It needs to be spread so that people are aware. The scammers seem to have already taken millions of bts and who knows how much more. :/

Thank you for taking the time to read this. It is very important to those who use BTS!

TL;DR: Yes, this is copy/pasted. It is to warn you about a scam going around. Please do not hate me for spamming this information around. :/ I am trying to possibly save people's crypto before it's too late!

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(Edited)

I personally disagree that the halving is valuable.
The real value comes from development and network expansion.
All the halving does is create massive volatility and centralize gains/losses in 4 year cycles.
It's a dream come true for traders and speculators but a nightmare for everyone else.
If the Bitcoin block reward was still 50 coins per block we'd still be doing just fine.
In fact I would make the argument that we'd be doing better because volatility would be much lower.

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The graph is very comforting and I am very excited to cash out my capital to buy another asset.

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