Topic: Are you ready for the Halving ??? Not that Halving, the PRICE Halving of Bitcoin (Read 743 times)

I agree with you halving is the key factor for the bullish trend on the market, and yes most of the Investors have already filled their bags when the price of BTC dropped massively before two months and now they are desperately waiting for halving to happen. If the halving goes on a positive trend the price will go over the moon again.

EVERYTHING is different now... There is no more BitCoin Bubble and Economic Bubble.   You are delusional and utterly wrong to expect the same result in a very different environment.

And yes, you will be proven either right or wrong very soon when the Halving actually happens.  The only question is are you people going to be man enough to come here and admit you were wrong when the BitCoin price does not shoot up after the halving happens ??    Or are you going to be DISHONEST FOOLS as usual, and come up with a bunch of excuses as to why you were totally wrong, but how you were not really wrong  


Hard Facts

I definitely remember halving being talked about even before the 2016 (when I dumped myself into my first stack of sats) so yeah, I firmly believed this halving, and every other one following, no longer will have the impact of old. There has never been one so much discussed, nor one so highly anticipated. Then again, are we underestimating the effect of psychology and FOMO? I mean, I think I've seen it all before, and then people go and prove me wrong.

I'm always ready for it since the day Bitcoin started to drop drastically last year. Most people already expect the what ifs of Bitcoin price after the halving since the last halving was a success and it always gives a positive response in the market. But it will take more time before we could actually see the real bullish price of the market. Investors are already accomodating ever since Bitcoin started to get bearish while holding it and waiting for the bullish market.

Talking about 10 folds here wont really be possible nowadays if we do base up the intensity of volatileness of the market of the past years.It isnt similar wayback on 2017 where we can shoot up even thousands but this one
is only for alts but for btc when 2-3x the price would be somewhat realistic rather than hoping for 100k prices or even higher which is too much in a short period of time. Halving event is indeed an important one and
its really impossible for it not to get some consideration on accumulating coins before it do happen but most people will surely sell off into that particular day.

You must be wrong, no investor will be waiting until the day where halving is going to take place. They will react well in advance like they will rush before some big investors will enter. This is the exact cause of FOMO. I agree that halving in bitcoin ecosystem is a well expected event hence there will be no surplices but that doesn't mean everyone will keep doing what they are already doing.

Yes, everyone who are aware of bitcoin halving, definitely think about some investments with the expectation of some ten fold returns because in the past every bitcoin halving has produced that much big returns. So unlike you have mentioned, halving will not be ignored by investors.

Why should someone weigh gold against bitcoin as a safe haven. Gold has been used as a safe haven for quite long and will still be. Yet, bitcoin fulfills a different need. It is backed by a powerful, secure network and mathematical certainty. It is decentralized and permissionless in a way that nothing else has ever been in history.

For people who do not believe that the world may one day move from thinking that gold is somehow the last hedge, well, you guys truly are dinosaurs. You cannot wrap your head around bitcoin then why wander aimlessly in this forum..LOL..Just go buy what you want. People here are intelligent enough to make their own decisions and take their own risks.

WHAT YOU DO NOT KNOW:

Investors already know about the halving, so their mood is already revived and priced into the BitCoin market.   There will be ZERO surprise, or zero change in mood the day the halving actually happens, everyone knew exactly what was coming and was already in that state of mind...

You have a lot to learn about psychology of markets.

Hard Facts

In general, the upcoming halving, as I understand it, should revive the mood of investors and the entire cryptocurrency market, since in essence halving occurs every four years and reduces the number of bitcoin mined that can be put into circulation.  Thus, there is a process of Bitcoin deficit in the market, and along with this, its value should rise one way or another.  If you pay attention to the previous halving, then cryptocurrency users have always tried, in anticipation of this event, to purchase a certain amount of bitcoin in order to get a good profit.  I believe that in the near future we can expect an appropriate reaction of the cryptocurrency market.

Constantly goes up or gradually goes up but once the bubble popped that is the end so how many times people said bitcoin bubble popped/burst but again the price keeps recovering and reaching new heights so bitcoin is never-ending bubble? If yes then I will happily accept that fact.

WRONG, WRONG, WRONG...  The stock market bubble did not go straight up, there were times it went down also, but it is a bubble none the less.

What make you think a bubble has to go " constantly up ",  did you just make that up in your mind and decide to tell everyone it was fact ??

Shame on you.

Hard Facts

Bitcoin is know for its volatility and that is why it got more recognized in very short time compared to any other things.But bubble is something which constantly blocks up for years and popped up at some point after that there will be no growth on that but bitcoin isn't like that.

NEMO

BitCoin goes up and down a lot, this is nothing new...  I think BitCoin is a bubble, only given value by what someone else will pay for it, one day that will end.

Safe haven, do you really need to ask ?  You just need to listen to PETER SCHIFF on YouTube, and get yourself some REAL COINS, you can even get them with BitCoin printed on them if you love the idea of BitCoin but do not want to lose all your money...  Oh wait, you can not even buy gold coins right now, no one is selling  



Hard Facts

Today its worth more than $7000 and few weeks before it was around $4000,so you see it as bubble or quick recovery?

If stock market and bitcoins are bubble to you then what is actually the safe heaven in your opinion.

Please let us Know!

YES !!!  There was a lot of interest in BitCoin when its price was going up by huge amounts in 2017, but those days are GONE...   Unless something changes, BitCoin will likely be come irrelevant and worth near zero in the long term.

Hard Facts

I do not want to be mistaken and disappointed, therefore I do not expect from a halving increase in the price of Bitcoin to $ 20,000.  Although it is possible that Bitcoin could reach $ 15,000.  What happened in 2017 was primarily due to the active cryptocurrency pr-campaign, as a very good opportunity to earn fast and a lot of money.  It was then that many people began to invest all their money in cryptocurrency and, due to increased demand, cryptocurrency prices rapidly went up.  And then whoever managed to sell, he earned.

I would not associate growth to 20,000 and halving, that situation can be safely described as a bubble, which then burst, which was to be expected, because. then too many people appeared who did not understand at all, but only wanted to make a quick profit.

I have read so many threads that is somehow related to this topic, bitcoin halving is really normal thing, so I am always ready about it, do not be so worried if bitcoin dumping happens because it happened so many times before but bitcoin still bouncing back, bitcoin would not be dead, there are so many big whales supporting this cryptocurrency.

Even certified safe havens such as Gold, Oil, USD are all in a downtrend and continues slowly moving to the downside severely due to the central authority massive printing and corona virus making it much worse.

The question is why Bitcoin is dumping and we know its correlated with stocks. It's probably because Institutional investors are selling cover to losses in their stock investment, businesses or loans.

Don't get your panties in a twist because my opinion is different than yours. And lol @21k grand "prediction." Good luck doe.

Very often on the forum, some users deny the possibility of Bitcoin to increase its value after the upcoming halving.  But I believe that the clear evidence to the contrary is the previous halving of 2013 and 2016.  Especially in 2016 after halving, Bitcoin began to actively raise its value, and in 2017 it simply exploded with an active run up.

Exactly! This price declination is blessing to everyone, and I don't agree with OP's narrative about "Bitcoin as safe heaven is falling apart". No, Bitcoin is just having a normal movement, because cryptocurrency has no specific range of it's volatility.
When everything recovers from this health and economic crisis, we will surely see a very profitable figure in any market when you're invested in this current market situation. And, that Bitcoin price you mentioned is a realistic range.

Sometimes crises happen in every sphere. The crypto market isn't resistant to downsides, but this fact doesn't mean that Bitcoin lost its safe haven status. Bitcoin is volatile, anyway it is a safe haven in a long term.

I'm totally ready for the halving. Even getting more coins every time we dip below 6000 dollars.
Most likely the target is 15 thousand by the end of the year. Very probable that we'll hit 20 thousand again in 2021 due to US crazy money printing.


Even a halwit can see that you are a troll. Probably even an alt of OP. Shame on you.

BITCOIN AS DIGITAL GOLD Campaign is well known, and a lot of money was put into this false narrative to try to pump up the price of BitCoin...  It came from the Grayscale BitCoin Trust, Read the article below..  If you doubt that, all you have to do is GOOGLE IT and you can read about it from 1000 different sources  

https://cointelegraph.com/news/oops-gbtc-drop-gold-campaign-perfectly-called-gold-price-bottom

Hard Facts

Mate, the only true safe haven has been gold and it’s always remained that. And gold has been able to maintain its price at this time more than most of the other stocks and assets. Bitcoin is good, but I don’t know where the idea that Bitcoin is a safe haven came from, I don’t know who started such thing and made people to believe that.

How can you be expecting a market that is highly volatile to remain stable at this time or maybe you thought that the price of Bitcoin will keep going up at this point of time? This is a kind of situation is the type that creates panic, and there are lots of things that have been happening around Bitcoin , someone claimed that it might be as a result of the quantum computing announcement, though I don’t really believe that.

Truth Passes Through Three Stages: First, It Is Ridiculed. Second, It Is Violently Opposed. Third, It Is Accepted As Self-Evident

German philosopher Arthur Schopenhauer

I've read a lot of batsh!t insane and absolutely delusional posts here, but his arent one of those.

We know you are called HardFacts, but you don't have to be hard on yourself. We know you lost a significant amount of money that you really need because of Bitcoin, but you don't have to take this really hard. Just relax for a bit to cool yourself away from cryptocurrency. Maybe hold or something? if you already sold your Bitcoin at a low price, then make a hobby or something. Maybe that will release your anger elsewhere instead of releasing it here in the forum which will only make you angry even more.

Let's just understand hardFacts guys.  

HOW UTTERLY STUPID and INTELLECTUALLY DISHONEST

The fact that you think I could have any significant effect on the price of Bitcoin tells me you have no grip on reality    If I had that kind of power, I would be manipulating markets and making hundreds of millions of dollars, not posting here.

I NEVER said BitCoin is going to " die now " ...  That is a very common tactic for a dishonest person that has no facts to present, so you resort to:   Attribute a totally false and ridiculous statement to me, then easily discredit the " LIE " you just invented.  

There are some people and opinions that I respect here, even though I disagree with them.  But this post is one of the worst I have seen.

FOR THE RECORD:  I am talking about BitCoins big drop in reaction to its first economic crisis, it should worry everyone here.  As economic crisis will be the new reality for a very long time to come.

Hard Facts

Regardless, you are saying that bitcoin's going to die now amidst a pandemic and an economic crisis where most stocks have gone down. So are you saying that those are also living inside their economic bubbles and are just hoping not to get struck by a dump? Because I have seen even greater assets than bitcoin dropping in value right now and I don't see them saying that their stocks are to die soon. It's almost obvious that you're spreading FUD here to trick people into dumping so you can hog as many bitcoin as you can before the halving comes in. Good luck to you on that.

That is a bit of a Bounce, but assets generally do not go up or down in a straight line...  Given BitCoins initial reactions, I would not trust this " BULL TRAP ".... 

PETER SCHIFF is one of the smartest economists on the planet and has a record of being right that is nothing short of incredible.  EVERYTHING that is happening in the economy now is exactly as he predicted, and people were laughing at him just last year.  Just as they laughed at him in 2006 just before the housing bubble crash.   I have to agree with Peter Schiff on BitCoin, it is a bubble.   I personally would not buy this rally.

Everyone invest their money as they think best, and we will see who was right, PETER SCHIFF or the cult like " believers " 

Hard Facts

he could of tried to push prices down and purchased when we dropped under 4000

Seeing this hard fact,

what does the OP think? Most of the OP's responses to the members above are always contradictory, we should realize that the crypto world is a unique niche with extreme changes, so don't easily draw conclusions that the BTC bubble, btc scam, btc die, etc. just because of the fact of falling prices at the time narrow. Seeing a lot of negative responses, has the OP ever experienced bad things when investing or trading with BTC or another altcoin?

Op  is pretty clue less as to what will happen with btc.

The billionaire club has about 2100 people

2100 x 1,000,000,000 =  2,100,000,000,000  that is 2 trillion dollars but the average billionaire is worth about 7 not 1  so  14,000,000,000,000 in the hands of 2100 people.

WHAT happened was a worldwide disaster.  Those super rich people shifted and moved wealth all over the last 20 days.

They now sit back not fearing all their money is at risk what do they do with money they turned into the safety of cash.  They look for places to move the money.

and BTC looks really good compare to shares of stock in

the hotel business
the oil business
the airline business

all those companies are looking at 6 to 9 terrible months of profit.

yeah  the ventilator builders looking good. but not too much stock available as the companies are not huge.

Hmm what about bitcoin  lets see  don't need a lot of workers.  can mine in an empty warehouse .  maybe  it is safe place to put in some coin.

as I type back over 6200.  10 k coming soon as people realize it is an industry that  : can  self isolate baby.

Look for a  huge monster god like amazing POW coin rally for the next 4 to 6 months.  Funds will shift to   btc and other mineable coins bigly and the op will look like he was a fuddy
duddy troll.

All time high by dec 1!!

I dont think OP knows how the economic system works in these kind of situations..


widespread panic causing fonds and people to sell out of their assets in order to accumulate cash as a social-security. Industrial companies to temporary, if not fully to shut down as the world is'nt running on a functional level.

How would this situation benefit any value storage at all??


Bitcoin is nowhere near crashing.. it simply dropped a few more %'s, since its total market value is way lower than other markets.

Say i didn't say so.... Oh wait, i did:


China is awakening from its slumber, and the market is very cheap, for them to buy because "communist" China has one of the largest population of "billionaires" in the world (ie. Lots of Jihan Wu(s), Changpeng Zhao(s) and the like. I seem to remember reading there is like a million of them, making China the largest market of rich people in the world (yes, the wealth is very uneven there, having the largest population).

And they with all that money lying around finding some opportunity to make more... See the world stock market "in recession". And cheap bitcoin, and even cheap precious metals...

I wouldn't be surprised if it does reach 10k, but even 7.5k+ is fine. If it goes past 15k it should "correct" later. We will see how bitcoin performs on its own.

Last week, the price of bitcoin has almost stabilized at the level of 5100-5200 dollars. It started that people have already made their necessary purchases and are ready for quarantine caused by the spread of coronavirus. Today, we are seeing a good increase in the price of bitcoin by 14 percent - up to $ 5929. The price of ethereum also increased - up to $ 129 and the entire cryptocurrency market. Apparently, this is due to good news from the USA and Italy about testing a vaccine against this virus and the absence of new coronavirus cases in China today. As soon as coronavirus spreads, the cryptocurrency market will continue to grow and Bitcoin will again quickly overcome the price of $ 10,000 and go up further.

Well time and again bitcoins have proven to be extremely volatile , increasing *10 times over night and sometimes decreasing till an unexpected extent in a matter of seconds .
Therefore I do think Halving will for sure happen, because people are now selling bitcoins to stock up for the groceries and at the same time they are doing their bit to make sure they have money for the quarantine .
So I do think holding is only for rich people right now .
Therefore people are using bitcoins that's good .

Stocks are still in bubble territory and still MASSIVELY OVERVALUED.   Personally I would not put one cent into the stock market now.  

NOTHING goes up or down in a straight line, some of the biggest rallies occur in market crashes.

Look at the world two weeks ago, and then look at where we are now, would you have predicted this  Given what is going on, do you expect things to suddenly get BETTER   REALLY

Do not " hope " or " wish ", look at reality and THINK...

Hard Facts

I believe that cryptocurrency users should be more optimistic in the current situation, especially if you take into account the previous halving in 2013 and 2016, you can see that the results of the cryptocurrency market improved significantly after this event.  in addition, from 2016 to the end of 2017, we observed a very sharp and active growth in bitcoin up to $ 20,000.  I believe that this year will have almost the same results.

WRONG, WRONG, WRONG:

You are looking at the manipulated paper price.  Just go out and try to buy the REAL COIN today, you would be very lucky to find any, and if you do you will pay a LOT, LOT more than the paper price      That fact should clue you in as to where prices are going  

BUT anyone can easily buy BitCoins all day long at 1/2 price...

Hard Facts

At the moment Bitcoin it prove to the community that the asset stores value just like other assets, as you came to see market are all down and the world economy reported to going a little bit down if there were no impact on Bitcoin with the economical situation worry on bitcoin would rose, but strongly Bitcoin shows it is a real asset which may be used like other assets in storing value. No worry everything is ok and a good time to buy.

I mean to say the GOOD ECONOMIC TIMES of the last 12 years are over...  BitCoin grew up and has only known an economic bubble where almost every asset has gone up !!!

I have no idea what BitCoin will do in the future, but any rational person would look at its first ever test in a Crisis and be very worried.

Hard Facts

he didnt say that its over but he is only explaining if what are the causes of the dump and people better not expect too much  . this isnt already over for btc but this is just one of the traits of btc  . we are now on the dump phase but soon we will experience a pump phase  then back again  .

price drop before was normal because it isnt dump too much while recently the drop seems to be abnormal as it drop further the expectation point  . this scares most of the people and result for them to panic and say unwanted things  .

How could you be so sure that it is already over?
We have seen it drop down from $20K to below $4K,
And now you are telling us that it is the end because it went down from $10K down to $5.7K?
It isn't just Bitcoin that has drop down due to this crisis so is it also game over for them?

Then Gold must suck at being a Store of Value too, because it has been going down with 8.1% in the last 30 days and also almost 2% in the last 60 days. < Source : https://goldprice.org/gold-price-history.html >

You are not getting it, the whole world economy are taking a beating at the moment and some investments are taking more strain than others. Bitcoin might take a short term drop in the price with all the fud and hype over this whole Corona virus thing, but once people realize what it is, then the price will quickly bounce back. 

Bitcoin has the reputation to bounce back with a vengeance. 

Stocks and Cryptocurrency are actually correlated, if your an investor then you must know that the price fell because of the financial crisis because most of them are also invested in Bitcoin (it's called diversifying) so when their investment failed in stocks they have to cover their losses by liquidating their Bitcoins to pay debts.

So initially BTC will do bad in the recession, if you still dont see it. Your highly praised stock market is on the brink of collapse. If you dont realize it then you might get rekt.

Your statements are a bit negative about Bitcoin, I bet you are stacking Bitcoins now and fudding around to buy more cheap Bitcoins.

Majority of the members here in the forum dont buy that anymore, I advise you to take your fud somewhere else.

Goodluck!

People,who talk BS will always talk BS.We can't do anything else except ignoring them.
The OP is probably frustrated,because he lost money,or just because everything goes down,so he wants to lose some steam by whining somewhere online.The "price halving" of Bitcoin already happened.Last winter (2018-2019) the Bitcoin price was around 4K USD and there wasn't any coronavirus and no global recession.
Now there's recession and global panic and the Bitcoin price is still around 5K USD.I'm surprised,but I expect another downfall.Whining about "safe heaven" and "digital gold" theories doesn't help.

Are you trying to fud people here? since we don't need that news for now and although the price is pretty much crashing right now but still I believe that the believer is just watching the movement of the market and waiting for the correct move for them to earn, although the status for now is bit questionable and many assumption came but a high possibilities that we can go through on this challenge since the economy of bitcoins will not fall on any fuds since many economically rich man backed it up for their own benefits.

What is the point of the FUD OP? We have gathered here strong bitcoin believers and I see no way you can break this apart with your assumptions.
It is an economical crisis worldwide and it is completely normal everything to go down. People are still not so confident to buy or trade crypto in general because the market is very dynamic and big part are thinking it's a bubble, which it isn't.
Now much more people own bitcoin than 5 years ago, most of them have no idea of how the markets are moving, they just sold their homes back in 2017 to take this amazing investment opportunity.
Basically dumb people are dumb, you can't help it. When there is 2000$ or more move people start selling in panic no matter what asset we are talking about.

Let's keep it real, there is no "safe haven" assets ( except for the toilet paper there days).
Bitcon will be here long after we are gone. Don't worry.

bitcoin price in USD aint that much different from the DJIA value and might actually be even closer soon 

This forum (like any other) is a gathering place where people discuss something that interests them, and since crypto obviously not interests you what are you actually doing here? No one is interested in the FUD you are trying to spread, especially in times like this - if you don't like BTC, it's your personal matter and it really doesn't interest anyone.

I advise you to go to your psychiatrist (if you have one) and tell him your story, after which he will probably diagnose you with some disorder.

INTELLIGENT and rational people are invested in things that will do well in a crisis, yes there are stocks that go WAY UP in a crisis.   The virus will end soon enough, and most people will lose so much wealth, but a smart few will do very well and be wealthier than ever before.    I do not know why you do not care about your money, but it will be more important than ever when all this ends are there are no jobs available...

Hard Facts

It´s hard to people like you undertand how bad this crisis is
It´s not affecting only financial, but the life of the people is at risk, regular jobs, students, older people, you are suffering and do you want to have BTC skyrocketing?
It makes no sense to me right now

The real question is, Are you ready for the doubling? Because once the economy recovers and the virus becomes a thing of the past, this market is full of cheap things to buy. In fact, China has already announced their crisis to be ending, so they are returning to work and production. And what do they find? Everything has gone dirt cheap in the world (except masks, maybe).

I think the time is nearing for you to buy cheap before the Chinese start doing it...

I think this bear sentiment will quickly move into bull soon. Don't say i didn't warn you.

As you can read above that Bitcoin is not a safe heaven but it is as volatile as other commodities. The concept of bitcoin is not to be a safe heaven but to be transparent, decentralized and fair enough for everyone to maintain the network and equally earn the block rewards. Everything is so transparent that everyone understands which is just opposite of what bank cartels are doing. Hence, like minded people who understand the value of freedom and decentralization are supporting it in different ways. There will be times when the value of bitcoin goes up as well as comes down. I understand your frustation and it may help you and others  to know why you are feeling so.. It is because you thought of making quick profit but you didn't and you are all the time comparing it with the value of fiat currencies which makes you sad, frustrated and angry. I would suggest you to learn a bit more before you put your money in something. People do lose money if they make decisions in rush. Relax and live the moment Goodluck

Even if you disagree with me on some things,  TOTAL RESPECT you for considering the facts, and making your best rational analysis of the facts.   You are way more honest and intelligent than the vast majority of willfully blind people on this forum.

Hard Facts

Isn't it because we're not capable and ready for this? I mean look, why would people keep their money in times like this? they need money to cover a food for every 72 hours, water every 24 hours etc. Why would people buy bitcoin when there is nothing they could spend it with? look at the malls, they are being closed as safety measures, merchants online are not able to operate. Bitcoin is really a safe haven but the thing is and the question is, are we making it a safe haven?

Everyone is right, you are trying to focus on the price dump making yourself to look like anti-bitcoin on this forum. That's so much silly of you mate.

1 - That one's true, I think.
2 - For now, Bitcoin is failing as Save haven, I agree. However, I believe that things might change in the future. The situation with COVID-19 is extraordinary, and no wonder people are panicking. It's not just Bitcoin that's going down, it's everything. But I do hope that they'll soon realize that Bitcoin is one of their couple of options  (if not the only one) to save their money right now. So perhaps we just have to wait a few months for that.
3 - No narrative has fully failed, not everyone supports the 'Bitcoin is Digital Gold' approach and rejects 'Bitcoin is an alternative to fiat' one.
4 - We don't if it's over or not. Major drawbacks have happened before, and this could just be one of them.

Mate, itseems you are aggressive after the dump of BTC and I am sure this will not spoil the reputation of crypto economic crises is happening every where not only in crypto market. Situation has worsened and the corona scare has impacted most of the countries and the economy as well, react according to the time and situation mate I hope you know about the nature of crypto currency and that's the reason it's called extremely " volatile "...

Your statement PROVES beyond any doubt your total ignorance about BitCoin and how it was being marketed on CNBC, and all over the place as " Digital Gold " and a safe haven asset:

https://www.ccn.com/heres-how-bitcoin-can-bring-digital-gold-narrative-back-to-life/

https://www.coindesk.com/bitcoin-no-longer-looks-like-digital-gold-by-one-measure

https://zycrypto.com/bitcoin-is-digital-gold-and-the-upcoming-halving-will-make-it-more-potent-as-a-store-of-value-coinbase/

Google it...

Just like your and everyone else here with their " sick obsession " of promoting and pumping up BitCoin  

You accuse me of saying something XX times, when you guys post to pump up BitCoin much more often than I ever do...  Google the word HYPOCRISY and learn its meaning.

Hard Facts

Agreed, and OP is being a scuntmuffin in my bicycle thread, too.  I'm looking for helpful suggestions, and I'm already aware that not many retailers accept bitcoin but he keeps on with this anti-bitcoin stuff.  Makes me wonder if he got burned in the market at some point.

Especially on a forum about bitcoin.  If you're going to be an anti-bitcoin drum-beater, at least be amusing like kwuckduck was (and I wonder where he went to, btw).

It's not a safe-haven asset, and one would be silly in thinking it is one.  I would also add that if you had any such thoughts prior to this coronavirus outbreak, the market volatility has just proven that it is not.

I already felt this miracle of halving on myself, I just lost all my money in a recent fall. However, I still believe that Bitcoin will return its value and eventually become a refuge during the global crisis.

Come take a cup of coffee and make your mind relaxed. Nothing is perfect, especially in the face of a crisis like this, the global economy is deteriorating due to a pandemic. In this case, health is more important than assets, most people choose to prepare fresh funds to support life in the midst of this pandemic. Panic arises, the market falls apart, but we know that this is only temporary,
Well, during this decade, BTC doesn't always go up, right? so this deep decline is also normal, just wait and see, if there are fundamental factors that support there will definitely be a bounce, and make sure at that time you don't say: Wow!

If someone is claiming a volatile asset like bitcoin as a safe heaven - God help them! Gold can be considered as a safe heaven but not bitcoin. I am sure, old members of this community will say the same thing.


That's obvious! But do you know that 117 million worth of bitcoins sold off by Plus Token scammers which actually led the market to collapse? Read below,

https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm/

Your remaining points have been discussed million times here without any conclusions. Price of bitcoin was always fluctuative. There's no way we can have a stable price here. We just need to learn to ride the wave to make money!

Dear Hard, the more fervent you are the more people will tune you out.

If you want to break our spirit then you have to be rather more insidious than a relentless spew of puerile squeaking. That way lies the ignore button.

I'm always ready for anything, even on that price of BTC drop to 0. I don't understand your sick obsession with saying something to someone xx times, for exactly which reason? Anyone can do whatever they want with their money, invest it in BTC, left in the bank or use it for kindling fire on which will bake barbecue, what problems do you have with these facts?

Stop wasting your and our time and find yourself some other interest, you will not change anything.

It seems that your hard facts are influenced by grudge too.

Bitcoin halving is a normal event for bitcoin, and looking forward to this somehow give some investors a chance to see its potential.


No one said its a safe haven. There are always risk on cryptocurrency investment. If bitcoin is as you imply then why thr price go down. People got affected by a crisis and I think none sector can escape its effect even whatever safe haven it is.

Its not a fooled events but too much expectation on everyone else. We know how volatile it is, so dont think it always favor our course, sometime what must comes up must go down. Thats the way it is, and its happening even in the past. This is just a normal pacing on bitcoin's complicated adventure.

Did anybody notice this guy sounds like Peter Schiff who asked help from the internet because his BTC wallet forgot its password?  

Peter was also the one who kept declaring btc has no value that is a waste of energy and all.

Well what you are saying is true though. The next halving could be worst so watch for it and dump yours  after another price halving.

1.   IF BitCoin was a safe haven or " Digital Gold ",  this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

2.  BitCoin price is CRASHING in its first test in a crisis, so much for the " Digital Gold " BitCoin as a safe haven narrative...    REALITY: More people are selling BitCoin than buying it in this crisis, hence the price drop.

3.  BitCoin was initially pumped up as alternative to Fiat Currency, to use for everyday Transactions...  When that false narrative of using bitcoin as money failed, they changed the narrative to BitCoin as " Digital Gold ".   Now the narrative of BitCoin as a safe haven is rapidly falling apart...  How many times do you have to be fooled before you start to figure it out ?

4.  The last 10 years of BitCoin has been an Economic Bubble and good times, where everything was going up and could not lose.  EVERYTHING IS DIFFERENT NOW.   The good times of the last 10 years are OVER.   Anyone staying in the stock market, or BitCoin, or anything else that went up in good economic times is going to be in for a very hard life lesson 

Hard Facts