Topic: Bitcoin Can Gain 100% In 2020 - Halving Not Priced In, Says Fundstrat - page 4. (Read 708 times)
January 16, 2020, 03:48:12 AM
We are still in the early stage to tell if the halving price is in. All I know is the price of bitcoin is so undervalued right now and it deserve to reach at least x3 of its current price for us to tell that the price of bitcoin is normal. Halving and upcoming blockchain adaptions are assurance that the price of bitcoin will continue to strive in the next years.
January 16, 2020, 03:22:04 AM
no one can provide predictions of that price increase because some time ago bitcoin also experienced halving but the price still could not rise, bitcoin price increases could be done when there were many who bought bitcoin and increased demand for bitcoin, for example many countries began to receive payments using bitcoin then that can provide a guarantee of rising prices because there will certainly be many who use bitcoin to make payments and it will be increasingly difficult to get bitcoin.
January 16, 2020, 01:53:06 AM
Halving of Bitcoin, which is expected in the spring of this year, should undoubtedly be a good reason to buy It. Many expect an increase in the price of digital gold in connection with this event. It should be noted that these expectations are not groundless, because during the previous halvings, the price of Bitcoin grew. We do not know whether the price will increase twice or less, but it is very unlikely that the price will not react to this event in any way.
January 15, 2020, 09:54:16 PM
Why would I believe to their statement? Is the writer is from the future? He has not have enough evidence to say that. People always getting hype to many prediction that can lead to huge losses. People are too excited on the prediction all ove the internet. It not makes sense after all so it is better if we will just focus on present situation.
January 15, 2020, 09:22:37 PM
Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.
Buying points cant really be precisely determined and even if you do buy into these levels it doesnt mean that you will not able to make up some profits.There are known and unknown factors on why btc price had risen up and one is the halving event.Im not really that fan on entertaining nor interested on hearing out on those so-called analyst or pros when it comes to price analysis.
Well maybe it's bad for listening sometimes unto them but actually it's good to see to listen on some discussion since we can compare there opinion to the reality since if that one really helpful we can use it to maximize our own prediction on certain condition. But if someone feels to buy right now since they can see that we can gain a 100% then stand on your decision since we might gonna lost the opportunity if we keep listening but no counter action made.
January 15, 2020, 09:21:51 PM
100% gain in 2020 is very much possible. In fact, it can very much gain more than that. 2020 opened with Bitcoin valued only a little more than $7,000. Just weeks after new year, the price is already trying to knock the $9,000 resistance down. This could go straight to a five-digit price. And when it happens, $14,000 is already within easy reach. That is already double the price of Bitcoin when the year started.
January 15, 2020, 06:45:11 PM
We've entered the stage of the market cycle where mainstream media is now hyping BTC up again - a far cry of what has happened in 2018 and the majority of 2019 where the mainstream sentiment indicated extreme bearishness and seemed to revolve around BTC dying or whatnot.
It's honestly nothing out of the ordinary. It just indicates that we're going in for a bullish ride.
Sentiment is one of the best predictors of price action in the medium run.
It's honestly nothing out of the ordinary. It just indicates that we're going in for a bullish ride.
Sentiment is one of the best predictors of price action in the medium run.
January 15, 2020, 06:43:07 PM
Bitcoin trading is an unregulated in that it's not under the auspices of the SEC or other regulators, and doesn't have to abide by rules banning fake news designed for pumps and dumps.
In 2019 there was a big call for tesla shorts. Accompanied by an overwhelming volume of news attacking Elon Musk and tesla. I couldn't open my social media timeline without seeing a news article attacking Musk/Tesla over something.
If there are rules banning fake news from influencing market trends. I would be curious to know what they are.
My opinion of regulators and the SEC is: they work for banks. People shouldn't have the misconception that regulators or the SEC do anything legit to maintain the stability of economies, finance or living standards. They work for ruling elites. Its the only part of their job description that matters.
January 15, 2020, 06:31:04 PM
I think we never been really in bear season, Bitcoins hashrate has increased incredibly it could be an indication that it continuously goin bullish but the real just don’t reflect in the markets. But I think this year could bring more positive outcome since many people are anticipating the event that could potentially trigger another parabolic rise.
January 15, 2020, 10:42:40 AM
Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.
Buying points cant really be precisely determined and even if you do buy into these levels it doesnt mean that you will not able to make up some profits.There are known and unknown factors on why btc price had risen up and one is the halving event.Im not really that fan on entertaining nor interested on hearing out on those so-called analyst or pros when it comes to price analysis.
January 15, 2020, 10:42:14 AM
While taking your "conservative estimate", you are accounting for 2017 and 2019, while ignoring 2018 and the two years which preceded 2017. You need to remember about 2018, because during that year the prices went down from $15,000 to $3,000. How can you be sure that such a bearish trend will not occur this year? Also, what about 2014-16, when the prices dipped by 85%?
Those years were the correction for the bubble of 2017, which was rightfully done IMO. Without it, BTC would've stood at the market as a tree with no trunk, which would fall down sooner or later, and without the correction, it would've fallen harder than a measly $3000. I guess the whales anticipated or expected this halving. One that would be quite easy to manipulate, or at least sway the population to what they want the market to become. The FOMO of halving is honestly way too big, and anyone missing out of it would probably feel that they are missing out on another big price hikes of BTC.
January 15, 2020, 10:26:04 AM
A 100% return on investment seems like a conservative estimate to me considering Bitcoin has reached $20,000 in 2017 and $14,000 last year and started this year around $7500.
That means it would get to just $15,000. I think more like $25,000.
That means it would get to just $15,000. I think more like $25,000.
While taking your "conservative estimate", you are accounting for 2017 and 2019, while ignoring 2018 and the two years which preceded 2017. You need to remember about 2018, because during that year the prices went down from $15,000 to $3,000. How can you be sure that such a bearish trend will not occur this year? Also, what about 2014-16, when the prices dipped by 85%?
January 15, 2020, 09:02:30 AM
Which just concludes something.
People still did not learned their lessons.
We have the social media now which can produce much accurate news rather than watching the local news.
I hope people will see that.
With the right people to follow with you could make the real news out of them not being biased over everything.
I have my own list of channels which I just want to listen to and not those wannabe analysts or crypto value manipulators.
There should be a balance with everything.
People still did not learned their lessons.
We have the social media now which can produce much accurate news rather than watching the local news.
I hope people will see that.
With the right people to follow with you could make the real news out of them not being biased over everything.
I have my own list of channels which I just want to listen to and not those wannabe analysts or crypto value manipulators.
There should be a balance with everything.
January 15, 2020, 08:44:13 AM
A 100% return on investment seems like a conservative estimate to me considering Bitcoin has reached $20,000 in 2017 and $14,000 last year and started this year around $7500.
That means it would get to just $15,000. I think more like $25,000.
That means it would get to just $15,000. I think more like $25,000.
January 15, 2020, 05:49:54 AM
Bitcoin trading is an unregulated in that it's not under the auspices of the SEC or other regulators, and doesn't have to abide by rules banning fake news designed for pumps and dumps.
So that's why we've been getting these stories ever since 2013 when bitcoin went mainstream. "China is about to ban bitcoin", "the ETF is about to be approved", "bitcoin is going to triple in price", "bitcoin is going to fall to $1000".
Most sensible people just ignore it all. It's all just noise,
So that's why we've been getting these stories ever since 2013 when bitcoin went mainstream. "China is about to ban bitcoin", "the ETF is about to be approved", "bitcoin is going to triple in price", "bitcoin is going to fall to $1000".
Most sensible people just ignore it all. It's all just noise,
January 15, 2020, 05:34:52 AM
They say fundamentals has no effect on Bitcoin price but it could possibly affect it by FUD, sometimes if everyone is pessimistic in BTC price it really starts to go down and sometimes it surges, maybe this due to market manipulation its very hard to prove but i think its not impossible, that's how whales make most of profit by manipulating the media.
The reason why the halving price has not price in is due to bitcoin correction and the prologue downtrend since it sky rocketed back in 2017 made investors wary and scared that they might see a downtrend resulting in another loss.
The reason why the halving price has not price in is due to bitcoin correction and the prologue downtrend since it sky rocketed back in 2017 made investors wary and scared that they might see a downtrend resulting in another loss.
January 15, 2020, 05:34:43 AM
Now whale media contacts may be publishing bullish news on bitcoin to maximize profits in the opposite direction.
News articles published by the media are by far one of the most underrated sources of market manipulation.
It's clear that it is all about the whale again manipulated the market and paying social media bloggers to publish good news and boost the bitcoin price( but you can simply noticed on this kind of paid article which is the content is bias). I noticed that when the good news will explode, bitcoin price goes up and when there is negative news like scamming incidence. Holders might probably be panicking and quickly sell their bitcoin. We, as a crypto enthusiast we should know what is FUD news and good news. News articles published by the media are by far one of the most underrated sources of market manipulation.
January 15, 2020, 04:21:55 AM
The motive may be unknown,but the result is. Some news of 2019 directly involves a redirection of possible disadvantages of BTC to the world so that commoners or those people out of the loop would spread fear, letting the price of BTC go down. And now that they've gotten enough, it's time to push BTC price, especially since FOMO could easily be spread out to the globe, with the next halving occurring. Especially since this is the next halving after the one that caused the current ATH (most believe and/or say so anw).
The media could be said to be a source of good information which is also a bad one. The workforce is like that at times, the strong prey the weak, in this case, the weak would be the media.
The media could be said to be a source of good information which is also a bad one. The workforce is like that at times, the strong prey the weak, in this case, the weak would be the media.
January 15, 2020, 04:12:20 AM
Let's just ride on the positive news they are coming up with now and wait for people to start flocking, then fly away before it all crashes. I don't know how realistic it would be but if ever it hits $16k, I'm selling.
With TV yes, but it's very easy to do the manipulation via blogs and news sites. I for example don't live in the US and I regularly check the bitcoin price so whenever I open Chrome on my phone the top recommended articles are usually bitcoin news. All they need to do is position these articles in such a way that they'll be top results or recommended. Granted I don't know much about SEO but I figure it shouldn't cost them much in comparison to TV. And the more traffic is directed on those articles, the higher in the ranking they can go.
The internet has made it easier to disseminate information, or in the case that OP was talking about, FUD and hype.
It's not impossible but very very difficult, especially where the audience is international! It's easier for media to manipulate audiences from a country, ethnicity or a religion by such news but for international audiences, it's difficult beyond imagination and costs a fortune!
With TV yes, but it's very easy to do the manipulation via blogs and news sites. I for example don't live in the US and I regularly check the bitcoin price so whenever I open Chrome on my phone the top recommended articles are usually bitcoin news. All they need to do is position these articles in such a way that they'll be top results or recommended. Granted I don't know much about SEO but I figure it shouldn't cost them much in comparison to TV. And the more traffic is directed on those articles, the higher in the ranking they can go.
The internet has made it easier to disseminate information, or in the case that OP was talking about, FUD and hype.
January 15, 2020, 04:04:32 AM
There were suspect news stories published in 2019 which may have been specifically designed to depress the value of bitcoin.
We had reports of binance offices in shanghai being raided which later were confirmed as false. Articles published about google achieving quantum supremacy, allowing them to solve problems similar to encryption brute forcing, which somewhat coincided with bitcoin price drops on two separate occasions.
We had reports of binance offices in shanghai being raided which later were confirmed as false. Articles published about google achieving quantum supremacy, allowing them to solve problems similar to encryption brute forcing, which somewhat coincided with bitcoin price drops on two separate occasions.
That's plausible. Considering those at the top comprise just a small circle, it would be incredible if these investors don't have at least one friend in the media industry.
We've always known that media is corruptible, it's just hard to point a finger on who's pulling what string since that would require whistle-blowers inside and I doubt most employees would know about it.
Knowing this, I think it's wise to go the other way than what they tell you the market is going.
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