Topic: 20% price drop 7 months before the May 2020 halving? (Read 664 times)

I myself bitcoin predictions will not go down to $ 8k but the real is already under $ 8k but it's true you said also bitcoin will miss some people's predictions, but I will wait down to $ 7500 then I will buy Bitcoin for the future before halving occurs.

even though all hope to BAAKT, but the reality we face is very heavy,
Bitcoin fell by $ 4000 from July until now, if we expect it to be OK, but don't let that mistake happen again! trade wisely  

What nonsense do you write, this year is not start good, but from April we have big jump from $4000 to almost $14 000 - where you see in this "not grown properly"? I know most of the people just wish to BTC hit $50k or more so they can take profit and move away, but most do not have the knowledge or patience to wait for that moment.

I wonder where you see $9000, price is just go under $8000 and it is rather uncertain which direction it will go. The only thing I agree with is that time is good for investing, but it is possible that the price of BTC will go down further as some predict.

The prices are down not from 7 months but from last one and half year and still have not grown properly.Whales have been benefited from these dumps and now the prices seems to be rising again and heading towards $9000 and we might see bull run in the market soon.So if you want to invest its the time because prices will surge soon before 2020 and reach atleast $12k.So hope for its betterment.

Comparing the past halving events, price going up would occur after close to a year. The price would consolidate at a steady line for that year and will go up gradually towards the end of the year 2020. As for the 20% drop, I doubt it would happen though. Past events have shown that bitcoin prices before the halving actually went up, showing continuous growth in price up to a year after the halving itself. I have no reason to believe that it wouldn't do so this time. Sadly Bakkt launch was a sad day. Price could've pushed to 9000$ but the disappointment was the only result in the end. It even dipped down a bit after their launch.

bitcoin can eise by 20 percent in one day ; sell now is a risk because halving coming , no one can sell and miss big profit because of 10 or 20 percent
Bitcoin is getting stronger after dump of today
Prices will be pumped to 9000 --- 9500 coming weeks no need to fear next days

Good luck with trying to time the market. It's a lesson hard learned by a lot of people. This year alone you can see that neither the bull nor the "bear" were foreseen by any of the so-called experts whale groups, super trader and super signal channels. None could ever have predicted it and so none timed it well.

Speculate as much as you want but just save yourself the pain and dollar cost average.

did China ever ban bitcoin?!!!
i haven't seen any reliable news that makes me believe they have banned it. i can find news that goes back to 2013 that has been saying "China banned bitcoin" but in reality they have never done such a thing. they closed down exchanges, shut down big scams, prohibited banks from investing in bitcoin,... and things like that which people interpret as a "ban"!

It could be a strategy.
That is one thing that we should consider. If timed right then we might ride the wave and make a lot of money with it.

They might be trying to dump bitcoin and then buy at a cheaper price and then sell again after the halving.
This strategy had been done before.
Hype will come specially for the FOMO.

7 months is a long time, I thought any rally or continued rise from July onwards was incorrect and Im happy to see the market adjusts and revises previous prices.    People want sunshine always but thats how you get a desert      A good mix of sun and rain, up and down is how a market will grow far better.   Though it might seem not so good the price pulls back, try not to see things so immediately.   If we could just take the yearly price or the quarterly it would help to iron out some of these speculative highs and lows and stop people obsessing on gains lost.


  I think China had banned Bitcoin around that point, probably that news echoed and reappeared a few times and no doubt China would ban pretty much everything not paying them a personal tax if given a chance.   It gave some reason for harsh pull backs, I dont have the chart to produce but Im fairly sure there was opportunity for optimism even though it was a big % fall.   Maybe its best to wait for afterwards and observe how the price builds.  
  In Feb this year we had a series of building lows, all of course were close to the ground but it was gaining and in that point I should have been more optimistic.  I do think we'll repeat that again, gaining lows a subtle bull ascending.  First we might fall some more of course, wait till at least 2020 and maybe post China new year till speculating on halvening.

I have recently found an analysis by mikeywith that the chart may be similar to the previous movement of Bitcoin and I think he has a point but to make this analysis come true the price may need to plummet down to $7700 USD but he is still confirming it and right now the 20% drop may go forward to that mark.

And this is his facts about the top bull markets

1-A correction all the way down below that 0.786 (blue)  > Done
2-A rejection from the 0.618 > Skipped
3-A rejection from the 0.382 (14k) > Done
4-A retest of the 0.618  at around 7700$ > still confirming...
5-A retest of the 0.5 level (9900$)  > unknown but must happen this month
6-A steady move to ATL ATH in 5 months > unknown

the 4-A may be coming to happen however if the price would still go down to $7700 USD but like I said he is still confirming this and after that this Month will go back to the $9900 level again, I don't know about you guys but I guess it is coming to picture, And I am just waiting until the 2020 halving.

Correct, investors concentrate too much in trying to get in the market at the perfect moment that they do not realize that all the effort they are putting into this activity could be used for something else if they just accepted the fact that is almost impossible and the important matter is they get in the market, I have heard many stories of people that during 2017 expected the price to fall down before they got in the market and they never did missing one of the spectacular bull runs of any market in history.

It is a great deal for everyone who has money stashed aside who can buy bitcoins right now, but for people who don't have any money to buy bitcoins or even don't have any money so they have to cash out (like me) then it is a terrible timing. I mean we all know bitcoin will eventually go up, its just a matter of time for bitcoin to skyrocket, we are just waiting for that period, but since we can't proof any of this to places that we have to pay, it makes no sense to keep it and we are force to either cash out at this price or can't buy bitcoins.

I remember vividly at one time bitcoin was around 900 dollars and I told my wife it will be above $3k soon and it did (well it went to $20k but I had no idea it would do that ) but we had zero because I couldn't keep any of my money to buy bitcoins, had to spend for regular life stuff.

Halving will result with price going up for sure, there is no way of bitcoin not going up after the halving, I don't care how long it will take, it can be months before the halving, it can be right around halving (a bit early a bit late) or it can be weeks later than halving but if you know what halving is and what it means for the seller side of the bitcoin world then you will know that bitcoin will have to go up.

That will be the only way miners will make up the difference, if they can't mine 1800 coins and only mine 900 then the price can't be $8k but has to be $16k, of course it doesn't have to go up that much, just doubling the cost of one bitcoin mining is enough, I don't know how much it costs to mine one bitcoin but I am pretty sure its not free hence we will go up for sure.

Holding for longer time is profitable, you can closely monitor and see to where the market will go. You don't need to panic with this current situation inside the market, this temporary fall will bounce back and bring all good coins to rise up together with bitcoin
Right now, if you have added money to spare inside, the current value is good for investing your money. Though its needs to have a good research before investing in to protect your money.

The "train ticket" can be bought at various levels without losing too much long term growth potential. It doesn't really matter whether you buy today at $8000 or tomorrow at $10,000. If your focus is to see the price reach $50,000 or even $100,000 the few thousand you pay more or less isn't going to make much of a difference. Just make sure you buy. That's all.

The focus is to educate people on the workings of Bitcoin. The more people know about it, the more they understand what the actual value is that Bitcoin brings to the table, and thus are less likely to sell on a whim. We have enough get rich fast morons in this space already.

On top of that, investing in ANY asset comes at a risk, so it's not fair to expect people to feel safe investing in Bitcoin. Safe investments don't exist.

This happens because investors love to give explanations to things they do not understand, the truth is that we will never know for sure why the price crashed so abruptly but it does not matter, what you should focus on is what was your performance during that period? Did you lose that much money or you got out and your losses were way smaller than that? Depending on your answer you will either have to adjust your strategy to protect you from such crashes or you could keep investing in the same way knowing you are protected from such negative moves.

I think the current price is an opportunity for them to buy a train ticket, I think that history will be repeated again where a year before and after halving bitcoin there is always a gradual rise in prices, what I think now is to look at the charts at the end of 2015 and maybe things it will also happen at the end of 2019, so let's look at it later because it's all just a matter of time

the focus now is to introduce bitcoin deeper to all people, it is important to make them feel safe investing in bitcoin

The thing that I just know is that every year of bitcoin is always better than the previous year, so I am not afraid of bitcoin tomorrow, provided that I don’t invest at peak period, then all these fluctuations that we see now are just child's, play, when the real bull run comes, we will see less of decrease and more of an increase in the value of bitcoin and in the value of our investment.

I do not even stress myself predicting bitcoin since I am not much of a regular trader, I buy bitcoin when it’s down and then hold till there is news of bull run when I can decide to sell my coin at the goal price that I have set for myself. The bull run of bitcoin will come, there is absolutely no doubt about that, we just need to keep our fingers crossed and keep watching as things really would unfold.

Yes, there is no guarantee that things that happened in the past months or years can also be happening next year in almost identical manner but  data we can gather from the past can be serving as a guide on probabilities and that is why we can be creating some models. It is like predicting the future based on the past though again there is no formula that can exactly tell us what can be though this is much better than to just wildly guess the possible outcome. We have to always remember though that Bitcoin has this habit of being unpredictable at times so we should not be shocked to see some good and even bad surprises along the way leading to the scheduled having in 2020.