Bitcoin Momentum – Consensus 2018 without boom?

Many in the world of crypto currencies are currently somewhat irritated. The current news in connection with Bitcoin & Co. give a hint of bullish signals and a price increase. But for days the Bitcoin price has been falling, although the hyped consensus conference is a complete success.

Consensus Conference 2018 – Lambos, Hype but so far without Bitcoin code

We have already reported on the Bitcoin code and Blockchain Conference of the Year. Not only does the event seem to be a complete success, but according to Tom Lee of Fundstrat it is also an important Bitcoin code indicator when it comes to price forecasting. As the „Google Trends“ tweet already shows, interest has developed strongly over the years.

But what did the change in the respective crypto year look like in comparison? Above all, when did a price increase begin after the Consensus Conference of the respective year? Let’s first look at 2015. The conference was held in New York from 7 to 10 September 2015. The participants at that time included big names such as PayPal, Infosys, IBM, various mainstream media and other companies. According to Coindesk, around 400 participants attended the event. As can be seen from the 2015 price chart, there was a price loss shortly after the conference. It was only weeks after the conference that the Bitcoin Prize gained in value. At the end of the article you will find an overview comparing the consensus years.

Ethereum code and Consensus Conference 2016

The second Ethereum code and Consensus Conference was held in 2016 in May (02-04.05.2016) and reviewed by onlinebetrug. The conference statistics were already impressive in the second year. The number of participants rose from 400 to over 1,400. In the 2nd Consensus Conference there were over 125 speakers, 50 sponsors, 50 media partners from 40 different countries. Speakers included Gavin Andresen and Chris Larsen. The respective speakers came from different companies. From VISA to Harvard to the Governor of Delaware. A complete overview of the participants can be found at this link.

Interestingly, the picture in 2016 is similar to that in 2015. In the days following the conference, there was a slight increase in the price, but there was no direct strong increase. As in the previous year, the price did not make any notable gains until weeks after the conference.

Consensus Conference 2017
The third Consensus Conference was held in New York from 22 to 24 May 2017. More than 2700 participants, 200 speakers, 75 sponsors and 50 media partners were part of the Blockchain Event of the Year. Brian Armstrong (CEO of Coinbase), Peter Smith and many others were among the speakers. All other dates around the 2017 event can be found here. At the time of the event there was also a slight increase, but the extreme thrust failed to materialize. As you can see from the chart, the Bitcoin price could only rise strongly weeks after the Consensus Conference.

During the respective conference the Bitcoin price did not rise. It seems as if the event would only make itself felt weeks later at the Bitcoin price. We also think that the Consensus Conference could be seen as an indicator. The number of participants reflects the direct hype of the crypto currencies.