Media consumption has taken a new dimension that will define the future of the industry. Recent advancements in technology, especially the accelerated evolution of smartphone and mobile technology is causing major changes in entertainment.
What Are The Factors Redefining Entertainment?
According to a report by Deloitte, the 2019 rollout of fifth-generation (5G) wireless technology will create a host of new opportunities across the media & entertainment sector.
Newer ways of consuming media content such as video streaming, personalized content production and advertising are finding better expression as a result of the changes being experienced in the industry.
As contained in the report, two key trends that have become prominent in the media and entertainment sector over the past year are:
The skyrocketing growth of streaming and mobile video
A shift away from traditional pay TV
This change that is happening in the industry is pushing the traditional pay TV system to the backside. Content consumers are taking advantage of the flexibility offered by the emerging system, both in terms of choice, availability and cost. Consumers are certain of being charged for only the content that they consume, rather than paying for redundant periods.
More Innovations Are Emerging
More improved innovations are making inroads into the industry as well, extending the flexibility of choice and application even to all participants and stakeholders in the media and entertainment sector.
By introducing blockchain technology, Blue Baikal has created an ecosystem where content creators, distributors and consumers can all work independently to deliver value and earn appropriate rewards.
Content consumption in this system is even more direct and traceable, assuring that whatever is consumed is original and from the right source.
An extension of the benefits to consumers in this case is the introduction of revenue earning opportunities, even while they enjoy content of their choice. Consumers have the opportunity to invest in projects that they prefer without the intervention of any intermediary. This is done through crowdfunding exercises that set them up for future benefits as the project thrives. By engaging in reviews and promotional services, content consumers can also earn rewards.
Clearly, more interesting systems are emerging that are already challenging the existing content consumption systems in media and entertainment. Existing pay TV platforms are already looking for how to adapt their operations to fall in line with the inevitable evolution in an attempt to still remain relevant in the market that is emerging.
As soon as Bitcoin prices start climbing precipitously, media outlets, blogs and social media users of all kinds start suggesting reasons why prices are climbing. This time is not different. From reports quoting a rise in futures contracts on the CBOE, to “whale watchers” claiming that a few big investors bought millions worth of Bitcoin, everyone has “the reason” why Bitcoin prices surpassed the $8,000 USD mark just a few weeks after charts showed prices were stuck around the $4,000 USD mark. The truth is, no one can really pinpoint the reason why Bitcoin prices rose to above $8,000 USD.
We are not going to pretend that we know why either. Furthermore, we would like our readers to ask themselves another question. Instead of looking for a reason why Bitcoin prices rallied suddenly, shouldn’t you be asking yourselves why now? That is a much more interesting question, even if no one can pinpoint a reason for the timing of this rally either.
A number of outlets have reported that Bitcoin prices rallied now due to:
Big brand retailers enabling Bitcoin payments – Starbucks, Nordstrom and Whole Foods for example – although they are not rushing to admit that they enabled any kind of cryptocurrency payment.
The Consensus conference in New York – Bitcoin prices have gone up during this conference before, but there is no causal relationship.
US-China trade war – which would make sense if a critical mass of people understood Bitcoin’s value as a hedge against the traditional economy, but there is no evidence of that being the case yet.
Bitcoin Prices Remain Volatile
None of these events can actually point to why Bitcoin prices are going up and why they are going up now. They do point to a critical factor that boosts Bitcoin price rallies: hype. This hype translates into volatility and puts Bitcoin prices in bubble territory, because people end up buying the hype instead of understanding the value behind Bitcoin.
The Feedback Loop
Hype dynamics in this space are interesting. If you take a look at Google Trends data for search queries, you will notice that the “why is Bitcoin going up” search term, suddenly exploded in the last 2 weeks. That lagged the beginning of the Bitcoin price rally by about 2 days – although a general upward trend was already visible weeks before that, at least in hindsight.
Google Trends shows a sudden spike in queries about why Bitcoin is going up.
Media outlets work to provide the posts necessary to satisfy the need for the information that people are looking for. Some of those posts are better than others, but all of them – either by design or by chance – serve the same purpose: to feed the hype. That in turn encourages more people to put money into cryptocurrency markets, which makes the prices go even higher.
No Matter How Much Bitcoin Goes Up By, Whales Rule in the Crypto Jungle
Just remember that prices already rallied before you buy into the hype. Also keep in mind that the price of a small market cap asset that is not regulated can be easily manipulated – and that doesn’t mean we are advocating for regulation! Whales can still put hundreds if not thousands of coins back in the market with ease, overwhelm demand, get prices to crash and then scoop their coins back at a lower price. Therefore, instead of looking up “why Bitcoin is going up” on Google, ask yourself why now and then analyze whether you believe in the asset’s value proposition or not. Then you can determine if you want to buy in or not. Many people will not follow this crucial piece of advice and will buy high to then sell low, trying to make a quick buck.
May 6, 2019 – TriveAcademy, a player in building the blockchain technology infrastructure and conducting training classes and consultation process was nominated for the `Bloconomic Excellence Award – Best Blockchain Technology Developer Award’ in the Bloconomic Summit. Bloconomic Summit is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd.
As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the summit. Trivechain is committed to be the next generation of blockchain infrastructure and has adopted a POW + POS hybrid consensus to provide high performance and high security underlying public chain support for global asset flows.
After successful fork on April 22, the new version of Trivechain 2.0 has been successfully forked, deployed and running steadily. Trivechain 2.0 has major changes which includes a change of the Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. Hence, the mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day and a very significant increase from the date it is forked.
At present, Trivechain’s technology development community is led by Tan Ji Sheng, the founder of TriveAcademy. Tan has shared a wonderful keynote for Trivechain 2.0 at Bloconomic, which gives participants a deeper understanding of the future planning and practical application of Trivechain. It is worth mentioning that another successful project nominated in the summit is BigRewards. BigRewards is built and supported by Trivechain’s blockchain technology. The integration system uses TriveAsset for bookkeeping of BigRewards Points.
In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform, will create a highly compatible community to attract developers and entrepreneurs around the world to become part of the Trivechain community. This community with a number of open source products will offer and create more conducive ecosystem for the developers. This allows the chain to provide the most favorable conditions for its users to develop their application.
Trivechain 2.0 is offering another alternative open source platform for developers to develop their new blockchain base business ventures. The platform is ready for deployment and for those who are interested to catch new mining trend.
Come and join the Trivechain community! You are invited to apply for the development fund through the DAO governance system to build a friendly and efficient development ecosystem in the blockchain environment. Visit the official website at www.trivechain.com for more details.
The second edition of the Malta AI & Blockchain Summit (AIBC) is wrapping things up for a stellar show just two weeks away, on May 22-25. The show is expected to draw a whopping 5000 delegates, 700 investors, 300 exhibitors and 100 startups to convene for a grand extravaganza at the Hilton in St Julian’s, Malta.
“We are moving beyond the hype by discussing not only Blockchain but also A.I., Quantum Tech, Big Data, and IoT this year. Wining and dining in the company of fellow industry executives goes a long way. I strongly believe that business is not made between companies, it is made between people. With the Malta A.I. & Blockchain Summit at the Hilton inching every closer, we’ve gathered an impressive crowd of A.I. and Blockchain industry leaders that will make for an epic summit of networking nirvana,” says Eman Pulis, Founder of the Malta AI & Blockchain Summit.
For delegates to wind down after the conferences, the AIBC is now announcing an exclusive pool party that is taking place on the 25th of May. It is highlighted as one of the most exclusive events of the summer where premium guests will enjoy an exceptional venue with outstanding food and free-flowing drinks while networking with the crème de la crème of the industry in a relaxed atmosphere. The pool party is being held under the heading ‘Proof of Steak’ and is taking place for the second time following the successful pool party held in 2018 with bitcoin billionaire investor Olaf Carlson-Wee as the guest of honour. Proof of Steak is sponsored by United Remote and Intergiro and will take place at the Sky Beach infinity pool at InterContinental. Tickets for the pool party are purchased on the event website.
The speaker line-up for the conferences during the spring edition of the Malta A.I. & Blockchain Summit is comprised of industry titans such as Tim Draper, Roger Ver, and Brock Pierce, along with Ben Parr, Co-Founder of Octane A.I. and world-famous author of Captivology; Patrick Chang, Director at Samsung NEXT; Tone Vays, renowned Bitcoin/Blockchain Researcher with more than 80,000 YouTube subscribers; Sunil Chhaya, Vice President of NextWorld Capital; Vivek Ramaswami, Vice President at Redpoint Ventures; Alex Fayette, Principal at ACME Capital; Ted Lin, Chief Growth Officer at Binance; H.E. Khurram Shroff, Chairman at IBC Group; Alexandra Mikityuk, Co-Founder & Head of Blockchain Technology at The Blockchain Group; Alexander Borodich, Founder of Universa; Eric Van Der Kleij, CEO at Centre for Digital Revolution, and many more.
Blockchain and A.I. luminaries alike have a wide selection of cherries to pick from in the comprehensive agenda prepared by the AIBC, comprising of six conferences and a myriad of specialised workshops. The conferences include the topics A.I. & Blockchain Regulation; A.I. Startup Pitch Battle; World Changing Applications of AI & BC; A.I., IOT & Big Data; ICO/STO Pitch Battle, as well as a conference dedicated to Blockchain Investments & Digital Money.
To support startups within AI, Blockchain, Quantum Tech, Big Data and IoT, the AIBC has invited no less than 100 startups to claim a booth on the expo free of charge, giving them access to 700 attending investors.
Delegates for the spring edition of the summit can enjoy a lavish VIP dinner, networking drinks in the midst of the warm Mediterranean spring, a Startup Pitch and STO Battle, 12 workshops and 6 conferences. Although the main conferences are taking place 23-24th of May, delegates are advised to block their calendars for 22nd-25th due to all extra events that the AIBC is hosting. The Malta AI & Blockchain Summit is a landmark event that nobody in the field can afford to miss.
Playing for fiat profit on cryptocurrency prices is an extremely risky game. It is full of unknowns in small cap markets that powerful buyers and sellers can flip on a single transaction. The space has seen its fair share of flash crashes, as well as irrational exuberance. With that being said, hacks provide a unique opportunity for those who are willing to take the risk – something no one here will ever encourage you to do, especially if you are trading based on our opinions. The Binance hack yesterday was unique in that it provided an opportunity to turn a quick profit on 2 different coins simultaneously.
When an Exchange is Hacked
Generally, when an exchange is hacked, a single cryptocurrency gets hit because the hackers target certain kinds of wallets within the exchange. Nevertheless, with the rise of the IEO – initial exchange offering – in which people can buy the cryptocurrency that the exchange issues, the “buy the hack” game has morphed.
Binance is a great example to illustrate just how much more complex this post-IEO “buy the hack” game is. Yesterday, when hackers stole 7,000 BTC from Binance, the prices of 2 cryptocurrencies were directly involved in the aftermath of the heist: Bitcoin – BTC – and Binance’s own coin – BNB.
Buy the Hack in a Post IEO World
The prices of both coins got hit following the hack. BTC prices dipped due to the expectation of a mass sale of 7,000 coins. The dip was short-lived, and Bitcoin emerged from it with a run that took it above the $6,100 USD mark for the first time since November 2018.
This 48 hour BTC price chart shows that buying the hack could have yield a fiat profit of about $300 USD per coin in 24 hours! Chart courtesy of Coinmarketcap
It seems that the “buy the dip” crowd definitely scored yesterday on BTC, but what about BNB? Looking at the price of Binance’s coin, we can also see a sudden dip shortly after the hack was announced, and then a correction upwards. The price trend on BNB, however, is still declining. That makes sense because BNB is a direct representation of the exchange’s health, and Binance took a hit yesterday.
This 48 hour BNB price chart shows that buying the hack on BNB could have been profitable as well, albeit less profitable than buying the hack on Bitcoin. Chart courtesy of Coinmarketcap.
With 2 different cryptocurrency prices directly at play following a single hack, the possibilities go beyond a simple “buy the hack” strategy. Although buying both coins immediately after their prices took a hit following the news of the heist, would have been profitable, there were better options out there. How about buying BTC while simultaneously short-selling BNB, and using those proceeds to double down on BTC? That could have been a more profitable strategy, for example – especially for those who are thinking about fiat returns.
There might be a number of other opportunities involving BTC and BNB that traders could have exploited. That is food for thought. If you are a trader or you are interested in trading, you must consider the added complexity and the different trading combinations you can come up with in a post IEO world. One thing is certain: There will be more exchanges that will get hacked. If they have their own coin, your “buy the hack” game just got significantly more complex. So, take advantage of the Binance hack to monitor the market and understand the forces at play before you recur to a knee-jerk “buy the hack” trade next time around.
*Bitcoin Chaser and its staff are not responsible for any trade you make based on this or any other article. Make sure you do your own research before you trade.
Gold standards in any industry eventually become obsolete. When this happens, they are replaced or updated. In the world of cryptocurrency exchanges, these gold standards are even more fickle. Their failure is never apparent until we hear about a hack. This is exactly what happened to Binance, the gold standard of cryptocurrency exchange security. Hackers stole 7,000 BTC – which at the time were worth $40 million USD – from the exchange.
Binance Halts Withdrawals
Immediately following the breach, Binance halted withdrawals to prevent the hackers from stealing more funds. Binance took similar measures back in March 2018, when a user reported that the exchange had vulnerabilities that hackers were exploiting. Binance was lauded for its quick response and its full investigation. Nevertheless, cryptocurrency exchange security is a cat and mouse game. Sometimes the cat catches the mouse; at times the mouse out-runs the cat.
Just like that attack back in 2018, this time around hackers also recurred to phishing techniques, adding malware attacks to their effort, in order to obtain critical user data. Hackers proceeded to steal the funds from multiple accounts, orchestrating their attack carefully to avoid being flagged.
Following Binance Hack, Withdrawals Will Be Halted for a Week
To prevent any further losses and while the company conducts an audit of its security systems, withdrawals will remain frozen. The security review is expected to last a week. Binance will not enable withdrawals until it finished its security review.
Bitcoin Price Dropped Momentarily Following Binance Hack
Following the Binance hack, Bitcoin prices registered a los of up to 3%. Prices however, bounced back quickly after recovering earlier losses. At press time, BTC prices were hovering around the $5,940 USD mark according to Coinmarketcap.
The Consequences of the Binance Hack
As much as the Binance hack had negligible effects on Bitcoin prices, its consequences regarding lost funds and future security concerns are not expected to be significant. Binance will activate its insurance policy to compensate the victims of the hack, and after the security audit, the necessary adjustments will be made to prevent similar attacks in the future.
Nonetheless, traders should consider that when they leave their funds in any kind of centralized exchange, they are exposed to a wide variety of vulnerabilities. Binance plans to launch a decentralized exchange in part to avoid these attacks, but until that happens, Binance and malicious actors will keep on playing this cat and mouse game in which user funds can be stolen once again.
A second edition of Pitcher Perfect was held on 24 April with more than 35+ industry leaders sharing their knowledge and expert opinion with innovative and creative start-ups.
In today’s hyper-connected world, constant innovation and development is crucial for every business, and so is an adequate availability of funds. At Pitcher Perfect by UCIM, we connect visionaries from diverse industries to network, connect and dine together. We are in a constant effort to build a network of people who share the same drive and vision, as we believe that having a strong network is one of the most important assets for anyone who wants to make a strong impact on the world.
In search for more of such creative people from emerging fields, Pitcher Perfect organized a private meet in an intimate setup for ingenious projects and high-profile investors and presented them with an opportunity to build a strong network. We not only wish for them to connect them with each other but also with people other like-minded visionaries, and of course with us.
We are proud to have had the presence of visionary entrepreneurs at Pitcher Perfect:
“Tokenizing” the media industry” Speech by Hendrick Hey, CEO, and Founder of MILC
“Mobile Staking DPos, Debit Bank Card, Mobile Banking” Speech by Maximilian Kozdroń, CCO of Atronocom crypto-first banking globally
Speech on “digital asset exchange focused on providing the ability to institutional investors to invest securely in crypto” by Marcus Lim, CEO of Zipmex.
“Practical infrastructure for building and using dApps” by Alexander Randarevich, CEO of Aerum providing a complete infrastructure for permission-less financial Applications serving a decentralized economy, with real-time and free transactions to consumers and nearly unlimited scalability.
“Developing Ultra secure blockchain wallet” by Ruben Merre, CEO of Ngrave A true end-to-end solution to protect your holdings from every attack vector
“Streamline the trading process, create smart equity scores and price targets” by Appo Agbamu, CEO of Ahrvo Deex
“BaFin, STO, BITBOND and Stellar’s Blockchain” Speech by Radoslav Albrecht, Founder and CEO of Bitbond
“High-quality traditional banking services to firms in the crypto and blockchain space” by Daniel Spier, CEO of Initium
“A futuristic platform for visual storytellers, with the aim of meeting people who share the same interest in bringing value to the users, not only monetizing on them” Speech by Carlo Nicora, CEO of Phlow
Rastislav Bakala, CEO of Loteo on “Disrupting Lottery system by blockchain”
“The world’s first fully regulated blockchain bank account ” by Robert Harrison, Head of business development of Bitwala
“Building a network of users in the sports industry” by Cem Kumlar, CEO of Libereum
“Ecosystem enabler how to?” Speech by NGO HOANG QUYEN, CEO of Bcnex
These innovative projects with their flaring pitches added a sparkle to Pitcher Perfect and brought it closer towards its vision. These pioneering projects are the future of innovation.
Furthermore, the event was graced by industry leaders such as Earlybird, Plug and Play, BTOV Ventures, Calvary Venture,Techstar, Lakestar, Kintaro Capital, Motu Venture, INVOA. One could literally experience the flow of wisdom in the atmosphere at the event.
Bitcoin documentaries cover a wide range of topics. From friendly explanations about how Bitcoin works, its attributes and advantages, to niche interest content that focuses on cases like Mt Gox and the Silk Road, you can find a documentary that explains everything you want to learn about. But there are all kinds of information out there, so which of these documentaries are worth your time? We went through hours of footage to put together a short list of the best Bitcoin documentaries out there.
Bitcoin: Beyond the Bubble
This is an excellent introductory documentary for people who are just dipping their toes in the cryptocurrency pool. It focuses on how money – not only Bitcoin – works and what are the disadvantages of the current system. It is also short – 35 minutes long – and it is available on YouTube for free.
Bitcoin – Shape the Future
China plays a very important role in the world of cryptocurrency. Its industrial capacity and its human capital have come to dominate many other industries; Bitcoin and other cryptocurrencies are not an exception.
Chinese companies like Bitmain control huge swaths of the Bitcoin economy already, which makes China and its cryptocurrency ecosystem worthy of their own documentary. This is the best Bitcoin documentary you can watch if you are looking for the Chinese angle on Bitcoin.
Bitcoin – Shape the Future is 45 minutes long and it is also available on YouTube for free. The documentary was shot mainly in Chinese, so those subtitles will come in handy if you are not fluent.
Banking on Bitcoin
Probably one of the most thorough Bitcoin documentaries out there, Banking on Bitcoin was filmed with a high degree of professionalism and looks at Bitcoin from a unique angle. Starting with Charlie Shrem, this documentary quickly goes into various aspects of the Bitcoin revolution: the trusted third party/banking problem, legal aspects, accounting, how money works and how Bitcoin works among others.
Banking on Bitcoin is a one hour and 23-minute documentary, which makes it longer than the previous two, but it is well worth the time. It is available on YouTube, but you will have to pay for it. It is also available on Netflix. We also had the opportunity to interview Christopher Cannucciari, the producer of this documentary, so we have a bonus feature for you if you decide to watch this Bitcoin documentary.
The Rise and Rise of Bitcoin
A Tribeca Film Festival official selection in 2014, The Rise and Rise of Bitcoin was also nominated for the “Best International Documentary Film” at the 2014 Zurich Film Festival. This Bitcoin documentary focuses on interviews with the most influential people in the space at the time, as well as on regulatory, monetary and economic implications that the rise of Bitcoin has had despite its price crash.
The documentary also shows that some of the most influential people in the space, have made costly mistakes, making it a more nuanced documentary than others.
The Rise and Rise of Bitcoin is available on YouTube, but you will have to pay to see it. It runs for about an hour and 35 minutes.
This is not a Bitcoin documentary per se. It focuses on the story of Ross Ulbricht and the Silk Road, which are inevitably intertwined with the rise of Bitcoin, but the focus is not the cryptocurrency. Deep Web focuses on the darker aspects of how the Silk Road operated, and the implications that this case has on a variety of topics, like government intervention in the market and in the internet.
The documentary is narrated by Keanu Reeves and it runs for an hour and a half. It is available on YouTube – officially, you have to pay for it, but there are a few channels that broadcast this documentary for free.
The Best Bitcoin Documentary of 2019
If we get further away from the Bitcoin documentaries that talk about the virtues of cryptocurrency and the failures of the traditional economy into a more niche space, we can also find fascinating documentaries that are related to the history of Bitcoin. This is where The Unbelievable Story of Mark Karpeles, our choice for the best Bitcoin documentary of 2019, fits.
The Unbelievable Story of Mark Karpeles focuses on the Mt Gox debacle, with some background information on Bitcoin. It focuses mostly on Mark Karpeles and his Tokyo-based exchange which came to dominate 98% of Bitcoin to fiat exchanges before hackers stole its funds and it was forced to declare bankruptcy. The documentary runs for an hour and 40 minutes, and it is available on YouTube for free.
The Purpose of Bitcoin Documentaries
Like you can see from the list above, Bitcoin documentaries are not a monolith. They are multidimensional and cover a wide range of topics. Most focus on the virtues of Bitcoin vis-à-vis the traditional economic system. Some have critical information for people who don’t know Bitcoin well; others are more niche and focus on particular elements of Bitcoin history, which might be short but is rich enough for people to produce a wide range of documentaries on it.
The purpose of Bitcoin documentaries is varied. Nevertheless, they all have the same underlying theme: the freedom that Bitcoin grants its users. Hopefully you will be able to enjoy the documentaries on this list and emerge with a new understanding on specific, Bitcoin-related topics you are interested in.
After reaching its peak in December 2017 just to face a sharp drop-off that continued into the first months of 2019, Bitcoin is finally making and sustaining its gains. The next milestone – the $6,000 USD mark – is well within reach. Recent price dynamics have given the bulls a good reason to smile, but is this going to last?
There are some positive indicators that point towards the possibility of sustained price growth. The most important one is perhaps Bitcoin’s dominance – that is the percentage of fiat value invested in Bitcoin as compared to cryptocurrency markets in general. Bitcoin dominance has climbed from 51.8% at the beginning of the year, to 55.2%.
Although Bitcoin dominance is far away from it peak and price is not correlated with dominance, the graph shows that price increases are coming in from crypto as well, and that new fiat coming in is pouring into the more “conservative” cryptocurrency. Chart courtesy of: Coinmarketcap.
This means that Bitcoin prices are moving not just as a result of speculators moving into the market from fiat positions. Bitcoin prices are also being supported by people who are already in crypto and are consolidating their positions by moving out of other cryptocurrencies and back into Bitcoin. The clearest example of this is the price differential on Bitfinex, where Bitcoin prices climbed to the $6,000 USD mark. The additional demand within that exchange comes as investors move out of Tether – due to the recent revelation that the stablecoin is not really backed by USD on a 1 to 1 ratio.
Speculators Still Behind Bitcoin Price Rise
Nevertheless, when prices start rising again, speculators will inevitably flock back in. This is a double-edged sword insofar as price is concerned. When speculators move into Bitcoin, prices rise faster and go higher, but once these speculators have realized their fiat gains, prices fall equally fast again.
The fiat game on Bitcoin will be the key factor in any significant price rally, especially because those looking for fiat gains, do not necessarily believe in Bitcoin as a long-term value asset. This creates a “greater fool” game in which fundamentals, technology and core value do not matter at all; price becomes a function of selling the hype to the next person in line and realizing those fiat gains. Eventually, the line runs out of people and the downturn sets in again.
So, How Long Will This Bull Run Last?
Since Bitcoin prices belong to the biggest speculators out there who can come in early enough to capture their profits at the expense of other speculators, the game is purely psychological. Trends, graphs and statistics can merely provide an indication on how the crowd has behaved historically, but will it stick to its previous patterns of behavior this time around? No one knows.
Has the wider public learned enough about Bitcoin to understand the true value behind it this time around? Only time will tell. In the meantime, it seems that the hype is gathering steam and so the bulls are back. They might also choose to stick around, but no one knows.