Bad News for Bitcoiners, The price will not go up at the Halving, but DOWN$!

Khaos77

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Quote from: rodskee on March 12, 2020, 09:24:51 PM

I Use to hate this kind of Posts because it seems to be spreading FUD but now as we already see the effect of Corona Virus.
Bitcoin falls $4k and still falling down so what can we expect in Halving?
maybe the growth will come in December like 2017?or the price will continue to drown like what happen in 2018?
anyway this will Favor those who is waiting for the great fall before investing again.
i will wait up to 3k level before buying and just
Leave the exchange checking for months.

Problem is the miners need ~$9K to break even.
We are not even ½ that now, and after the halving the miners need btc at ~$18K to break even

We could be witnessing the Bitcoin Death Spiral occurring right before our eyes.
Proof of Waste is not sustainable.
No Miners No Bitcoin.

FYI:
Will this Market Crash Kill the Fractional Reserve Scam called Tether,

Khaos77

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Quote from: davide72 on March 12, 2020, 06:38:28 PM

Well guys don't want to make you disappointed but bitcoin will drop more in value.

Boom , and you ain't kidding, already fell down to ~$4½K.

Total lost per bitcoin since this topic started is now ~$5K.

Can we finally kill the bitcoin is a store of value stupidity. Tongue

Khaos77

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Quote from: vaunce on March 12, 2020, 04:57:01 PM

Literally gone apeshit.

And there we have an unhinged newbie,
telling you to buy crypto when you have no idea how much fiat you will need if you get quarantined for 30 days. Tongue

In all seriousness, we have no idea what the next 30 to 60 days are going to bring,
throwing any money at any investment , when you don't have enough food or supplies for 30 days is just a really bad idea at the present time.

Khaos77

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Since this Topic was created Bitcoin has now LOST ~$4k per coin.

Please be sure and thank all of the users in this topic that said I was wrong, and cost you ~$4K and counting.

Hodlers=Bleeders

I pointed out here : https://bitcointalksearch.org/topic/bad-news-for-bitcoiners-the-price-will-not-go-up-at-the-halving-but-down-5228496
That Bitcoin does not have enough Liquidity to withstand the confiscated coins being sold, much less a sell off where people need the money.

Cool

Khaos77

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When this topic was created, Price per bitcoin was ~$9.6K.

Now after losing over $1600 per coin,

does the fact their is not enough liquidity to hold the price start to sink in?

All anyone had to do was add up the coming sales from confiscated bitcoins verses the buy orders on CMK to see that bitcoin price has no where to go but down for the foreseeable future.

Miners need bitcoin at $9k to break even, they are all bleeding money now.
Which will be even worse after the halving, when they need the price at $18K to break even.
Doubtful anyone is dumb enough to buy at even $10K,
the world has no greater fools left, if you hodl bitcoin, you dear friend are the last of the greater fools for the next decade or two. Tongue

Prepare for a massive number of miner bankruptcies possibility even Bitmain within 6 months. Tongue

https://lifesly.com/mining-companies-in-bankruptcy/

Quote

Many crypto mining companies have stopped operating

Experts estimate that the average cost of mining a bitcoin stands at $ 9,000, including overhead and depreciation costs.

But the digital currency is now trading at $ 8,200, 40% below the price of a year and a half ago. In the opinion of Aron van Ammers, technical director and founding partner of Outlier Ventures, a venture capital fund specializing in cryptocurrencies, “for many miners, the current price of bitcoin is below cost”.

Quote

that bitmain also stopped its mining operations in Rockdale, Texas. Apparently, the company also had to lay off most of the employees, with the exception of two engineers and the human relations director.

By the end of 2018, both Bitmain and Huobi had confirmed their plans to fire staff. Some Chinese activists also suggested in the local media that Bitmain has had to dissolve its entire team of Bitcoin Cash (BCH) developers. In addition, Bitmain reported in December that it was closing its development center in Israel and firing local employees.

Khaos77

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Quote from: XCANA on February 27, 2020, 02:35:39 PM

We're not ignorance of the facts that Bitcoin cannot be predicted either by one person or by a group of individuals. Likewise you OP, you can't speak your FUD because you don't know what Bitcoin is upto per time. You're just creating some possible FUD and, I personally will not listen to this FUD. Bitcoin remains Bitcoin and only it knows what exactly is going to happen to it price.

You say it can't be predicted , yet people like you cheer everytime a moron says it will go to $1 million or he will eat his dick.

You claim to not know what will happen, but you call my concerns fud.

No one has made any attempt to refute my observations.
Only name calling or attempts to discredit because like you they are too stupid to be part of a real discussion where facts are presented.

Explain how bitcoin liquidity will withstand the onslaught of constant selling by Governments & Hackers.
Because the Numbers on CMK show Bitcoin so called strength is not up to the Task.

Khaos77

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Quote from: ?? on ??

As time shows, always before and after halving Bitcoin is growing, I think the nearest halving is no exception and after it the price of Bitcoin will start to grow and the whole market will also grow.

Bitcoin Peaked in Jan 2018, at ~$20K (by the way Last Halving was July 2016, no where near the Peak dates.)
Now in Feb 2020 , the price is ~$9K

That is still a loss of -$11k per coin for over 2 years,
so no this nonsense that bitcoin is always growing is pure fantasy.

People making ridiculous claims like the one you just made are part of the problem.

If the Price was always growing as you claimed, then we would be over $30K, and we're not!

FYI:
The 2018 Price Rise was caused by Market Manipulation by the Fractional Reserve Scam known as Tether.
At the moment Tether is below a $1, so shortly they are going to have to sell crypto assets to cover their asses.
Meaning the current Market Prices are not going to hold, especially if a large seller hits them now. Tongue

If you own tether, you will regret it.

rodskee

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I Use to hate this kind of Posts because it seems to be spreading FUD but now as we already see the effect of Corona Virus.
Bitcoin falls $4k and still falling down so what can we expect in Halving?
maybe the growth will come in December like 2017?or the price will continue to drown like what happen in 2018?
anyway this will Favor those who is waiting for the great fall before investing again.
i will wait up to 3k level before buying and just
Leave the exchange checking for months.

davide72

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Well guys don't want to make you disappointed but bitcoin will drop more in value.

BuNga_cute

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Although now the market is bad, because the price of bitcoin has fallen dramatically to $ 5700 and has been followed by a decline
the price of altcoins too. I'm still optimistic that halving bitcoin will make the price of bitcoin rise again, now we have to be patient
and stay confident with the bitcoin hold that we have. Because in my opinion falling prices are like normal in the cryptocurrency world,
if it goes down it can go down drastically it can go up drastically too. Indeed, from the first bitcoin prices are very volatile, we do not
need to panic too much to see the current market conditions.Stay patient waiting for prices to rise again, that's the key to success
in investment.

Kelvinid

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win lambo...

(Maybe) I could say that you are right and yes, we are now at declining.

May people should have to accept it and not just to keep pretending that we are sure for the upcoming and keeping to be optimistic coz we know how volatile it is and we know that many factors could affect its trend just like what we have today. Then, pushing ourselves to believe that halving could help to pump the market, it sounds like we failed again...maybe we could see pumps in the 3rd or 4th quarter but not before halving.

vaunce

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Buy god damn it, buy any coin you wish! This is a Huge opportunity to make money later on.

I bought coins with 20% of my total savings today.

And you know why? Let me tell you why. Because I tried to withdraw some cash from the atm using revolut and they fucking locked my account, because I triggered their shit and so on.

And I will have to wait days or even weeks to get my account unlocked because of this crap, as nobody responds to my complaints.

For this I bought coins today, buy for the fucking damn freedom to transfer how much you want, when you want money to someone in need, cheap and fast.

Don't let this fuckers take our freedom!

Buy any crypto you support!

XCANA

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We're not ignorance of the facts that Bitcoin cannot be predicted either by one person or by a group of individuals. Likewise you OP, you can't speak your FUD because you don't know what Bitcoin is upto per time. You're just creating some possible FUD and, I personally will not listen to this FUD. Bitcoin remains Bitcoin and only it knows what exactly is going to happen to it price.

Ridwan Fauzi

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Quote from: xSkylarx on February 27, 2020, 08:21:12 AM

Many of us might consider that Bitcoin wouldn't help the price of Bitcoin to rise up but it will surely recover in time so there's no sense for us to be hopeless about investing. There's always hope in crypto especially in Bitcoin. We might not get rich through it instantly but it could still turn into a better market situation one day. Bitcoin has passed through a lot of tests of time so I don't think it will fail most of its investors.

Ten years are quite long, we can say bitcoin as mature technogy and we don't have any bad idea of it. Many people there have been owned bitcoin and even some of governtment have decided to accept bitcoin as their payement system.

So, what are we afraid of now? We do need to pull the FUD to the most basic place and make them as subordinates who do not know bitcoin as a whole. Also, you may need to have the legit platform which can be use as a place to find some information against cryptocurrencies.

posi

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Vave.com - Crypto Casino

Quote from: nicecrypto on February 27, 2020, 08:48:12 AM

Quote from: omone1 on February 27, 2020, 07:06:54 AM

I don't agree with your submission, bitcoin days are not over, it's still making people rich. March last year it was at about $3,700 and would later rose to $13,000 same year and that was more than times 3 gain, which is enough to make anyone prudent in money management rich. If bitcoin is not going to make me rich then altcoin will cause a big disaster because altcoins are tied around bitcoin market, halving aside, it's just a periodic event that happens every 4 years.

Allow him to express his btc feelings Wink

after all this is an open space without any restrictions whatsoever, anyone can come and talk cheap about btc but fact remains the technology is still moving stronger than before,
he must have miss the point when btc was at $3k+ and rose above $10k, and this happen during the normal market condition, no halving during this time, that shows that anything can happen at any time,
i think @op just love the attention he is getting from forum members Undecided

Every one can express their feelings and what they believe about bitcoin but i strongly believe the OP reason is somehow different because the last time i check he usually talk or how questions about things which seem to be bitcoin flaws.

With that been said, I'm sure he wont like the respond he's gettinv from people because every crypto enthusiast knew bitcoin halving trend cannot be mathematically predict or dump in price because halving was implemented as a strategy to prevent inflation.

nicecrypto

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Quote from: omone1 on February 27, 2020, 07:06:54 AM

I don't agree with your submission, bitcoin days are not over, it's still making people rich. March last year it was at about $3,700 and would later rose to $13,000 same year and that was more than times 3 gain, which is enough to make anyone prudent in money management rich. If bitcoin is not going to make me rich then altcoin will cause a big disaster because altcoins are tied around bitcoin market, halving aside, it's just a periodic event that happens every 4 years.

Allow him to express his btc feelings Wink

after all this is an open space without any restrictions whatsoever, anyone can come and talk cheap about btc but fact remains the technology is still moving stronger than before,
he must have miss the point when btc was at $3k+ and rose above $10k, and this happen during the normal market condition, no halving during this time, that shows that anything can happen at any time,
i think @op just love the attention he is getting from forum members Undecided

xSkylarx

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Many of us might consider that Bitcoin wouldn't help the price of Bitcoin to rise up but it will surely recover in time so there's no sense for us to be hopeless about investing. There's always hope in crypto especially in Bitcoin. We might not get rich through it instantly but it could still turn into a better market situation one day. Bitcoin has passed through a lot of tests of time so I don't think it will fail most of its investors.

Pamadar

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Quote from: omone1 on February 27, 2020, 07:06:54 AM

I don't agree with your submission, bitcoin days are not over, it's still making people rich. March last year it was at about $3,700 and would later rose to $13,000 same year and that was more than times 3 gain, which is enough to make anyone prudent in money management rich. If bitcoin is not going to make me rich then altcoin will cause a big disaster because altcoins are tied around bitcoin market, halving aside, it's just a periodic event that happens every 4 years.

If basing from the last time fall and this bounced back seems that there is still possibilities of getting new rise people who are interested with investing to this industry needs to work wisely, this good opportunities is really open for long term or for those who understand how to play with day trades.
Scalpers are still getting benefits as they are good with anticipating the next market movements, they've place their position both from buy and sell places.

davis196

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I have never expected x100 or x1000 gains and I never will.
The bitcoin price might be pumped to around 15K USD because of the hype surrounding the halving,and that should be fine.I would be perfectly happy with a price of around 15 USD.I don't expect the ridiculous McAfee predictions about a 1M USD bitcoin price to ever happen.Newbies should never expect that.
The price might go down after the halving,but it will get back up sooner or later... It's not a big deal.

omone1

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I don't agree with your submission, bitcoin days are not over, it's still making people rich. March last year it was at about $3,700 and would later rose to $13,000 same year and that was more than times 3 gain, which is enough to make anyone prudent in money management rich. If bitcoin is not going to make me rich then altcoin will cause a big disaster because altcoins are tied around bitcoin market, halving aside, it's just a periodic event that happens every 4 years.

Topic: Bad News for Bitcoiners, The price will not go up at the Halving, but DOWN$! (Read 825 times)