According to Coindesk, over 7,500 people have now registered for the Consensus 2018 conference.
(Source: ~~~ embed:994659589638492160) twitter metadata:Y29pbmRlc2t8fGh0dHBzOi8vdHdpdHRlci5jb20vY29pbmRlc2svc3RhdHVzLzk5NDY1OTU4OTYzODQ5MjE2MCl8 ~~~
Last year the conference had an estimated 2,750 people.
Which means, this year is already expected to have roughly 3X the turnout that it had last year.
Keep in mind that this number doesn't even include the people who decide to just show up and pay the full ticket price at the door.
The conference is scheduled to start this Monday and go through Wednesday (May14-16th).
Why is this a big deal?
According to Tom Lee of Fundstrat Global Advisors, there is some major correlation between the Consensus conference and a boost in crypto prices.
Both initially leading up into the conference, and then also in the weeks following the conference.
This year the effect is projected to be at least as good as previous years given the big turnout for the conference.
(Source: ~~~ embed:993928352141664259) twitter metadata:ZnVuZHN0cmF0fHxodHRwczovL3R3aXR0ZXIuY29tL2Z1bmRzdHJhdC9zdGF0dXMvOTkzOTI4MzUyMTQxNjY0MjU5KXw= ~~~
What does a "much larger impact in 2018" mean in terms of gains?
Lee says that 3X the attendance means 3X the impact...
I'm not sure about that, but take a look at this chart and I'll let you be the judge of what might be in store:
If the trend and Lee's thoughts were even remotely close to accurate, we could be in store for a major rally over the next couple weeks.
More about what this potentially could mean and the possible effects of that can be seen here:
Oh and one more thing...
Check out what bitcoin/crypto "usually" does this time of year:
(Source: https://goldstockbull.com/articles/bitcoin-seasonality-chart/)
As you can see, May and June have been the 3rd and 4th best months for bitcoin over the last 3 years.
There is no guarantee that history repeats, but the fact that crypto is down significantly year to date as well as the huge turnout for the Consensus conference could be indicators that we are in store for a very good next couple of weeks.
Stay informed my friends.
Follow me: @jrcornel
we now living in 3rd industrial revolution where everything is decentralized and shared, so it is very important for a person to keep up with the cryptocurrencies ASAP!
Hopefully this number gets to like 9k by the time it starts to help counter some of this selling.
Cannot wait for the number of partnerships to be announced after this consensus. The cost to participate in the conference can be anywhere from 10s of thousands to over a 100,000! Just to have a booth set up can cost anywhere between 10,000 and up.
Overall, companies not throwing wasted money when attending this conference, serious business only.
Check out my article to view who is attending the event and details about the event below: https://steemit.com/bitcoin/@researchgeek/blockchain-technology-summit-may-14-16
@jrcornel
Yep good point. I saw that Ned will be speaking this year. Interesting to see how much it is costing steemit. Though the costs can likely be written off for tax purposes.
Ned will make all the money back by posting the event on Steem 🤣🤣
Honestly, he will probably get a discount or some type of voucher.
@jcornel
Yeah!
At the Consensus of Coindesk there are money, smart people and a proven organization.
All sounds so good.
The wonderful project of SOMN will have the maximum possible visibility.
I just bought some SOMN :)
That's an amazing project. Their competitors I believe are Golem 😨@crypto-base
I hope you're right. History is not guaranteed to repeat but it happened to many times right? haha let's hope for the best!
So far that consensus Tom Lee theory isn’t playing out...
The politicians eventually will see (or maybe they already do and don't want to admit it) that many us in society support the crypto movement and not just their stereotypical "computer geeks".
BTC likes to confound by never following patterns. So it might go up based on the history you report, or it may confound and do the exact opposite
This could definitely give crypto a major boost...
SO when bitcoin rise 15k$ ..or 25k$..
I think we are close my friend. After this conference always goes up in years past. :)
Your right, I see some major gainzzzz in the markets in couple of weeks 💪🏼🙌🏼💯
We will see. I am hopeful though.
You are right brother! ^_^ Historically BTC price has almost always gone up after Consensus big announcements. ETH has always done well too in the past.
Very nice article, youve gained a follower. LIke I mentioned below, BTC and ETH have historically done well leading up to and the days following all the big Consensus announcements.
Btw, anyone else intend to go to this but miss out on tickets? I was on priceline.com right as I noticed tickets were no longer for sale....
...I cried in the corner for a little while that day. T.T
THIS IS GREAT!
i Attended the live London Crypto Currency show through utopian,
Can we too have the live link to this conference?
I'm telling this conference is going the change the world of Crypto!
I think they usually televise some of it yes. It starts on Monday.
I'm surely going to watch it
it´s just another goal to crypto´s wolrd
yeah, Another way to go to the moon!
The live London crypto coincidence was present through realistic. I am convinced that this conference is changing the crypto world!
There was a bounty and I have joined it. However, I did not get my tokens and they never reply me. So how can I trust them when they couldn't do what they promised. I'm really confused.
Not sure how this relates to my post?
Here are your recent posts:
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Please take historical month-based data with a grain of salt. Tether started printing USDT faster after they and Bitfinex received subpoenas on December 6th.
Yes that is correct, though I am not sure what you are implying by saying that?
Skews that price seasonality chart quite a bit for December.
So much money there, but even great brains.
No shill but: These could be the end days of Bitcoin under $10k.
Great article thanks for the good read
What a great time to be alive
This will be a good program , waiting for start
So far we are not doing well, and personally I'm not going to wait longer than Dec 2018 for BTC to hit a new ATH, if it does not hit that mark then I will liquidate all my crypto holdings. Too much talk and frustration and no price action, after a while, you can't just keep posting "good news" everyday, week after week, month after month, and then not have upward movement...at that point there is a fundamental problem, it should not take a year to get back on track.
While I agree with your frustrations, I don't agree with your rational. If you look back at 2012-2014 on bitcoin you will see that it did indeed take over a year for prices to ultimately make a new high after about a 90% correction, but it did eventually make a new high.
The reason it is important to have good news even while price is declining is because it tells us that the infrastructure is being built. These aren't going away. The genie is out of the bottle at this point. Prices got over heated in December of 2017 and they have been mostly in correction mode ever since. At some point we run out of sellers and the price goes back up. As long as the infrastructure is continuing to improve it is just a waiting game until that happens.
Nice article. This kind of project boost cryptocurrency and provide platform for crypto enthusiast.