Bitcoin price predictions gone silence since the DIP.

fuguebtc

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Quote from: mirakal on May 20, 2024, 08:10:00 AM

Quote from: yudi09 on May 18, 2024, 01:19:09 PM

Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

-snip-

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention.
After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k.
Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher.
If I observe current conditions, the market is not bad.

You are right, price predictions and speculations may not always be visible but I know they are still present in the market. It’s just that current price is now in a good position although it has not exceed above $70k but we all know it’s heading there. However, still price correction might eventually back again right after bitcoin reaches another significant price so we should still prepare for it and accumulate more bitcoin if possible.

Bitcoin price predictions and speculations will always be a part of an unpredictable market. The moment it stops, which I guess won’t be possible, then I think this volatile market will not be interesting anymore.

People are still making predictions about the market but we cannot deny that before the halving there were many positive predictions about bitcoin increasing in price and creating a new ATH after the halving. But after the halving was completed, bitcoin continued to adjust and showed no clear signs of price increase , which made most investors discouraged and did not want to make too many predictions about the market. I'm also a regular user of X , and I've also noticed that bitcoin's predictions have become much quieter than they were months before the halving .
Even on this forum, people still make predictions about the price of bitcoin , but it is clearly becoming much quieter than before.

moneystery

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it is natural to see that we are currently in a sideways position and this makes many investors bored because of the uncertain conditions. and it has also been previously predicted by many investors, that after the halving, the market will not immediately experience bullishness, but we will enter a sideways phase and it will only take a few months for it to increase. so right now many investors are focusing on consolidating for the bull market later.

mirakal

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Quote from: yudi09 on May 18, 2024, 01:19:09 PM

Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

-snip-

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention.
After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k.
Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher.
If I observe current conditions, the market is not bad.

You are right, price predictions and speculations may not always be visible but I know they are still present in the market. It’s just that current price is now in a good position although it has not exceed above $70k but we all know it’s heading there. However, still price correction might eventually back again right after bitcoin reaches another significant price so we should still prepare for it and accumulate more bitcoin if possible.

Bitcoin price predictions and speculations will always be a part of an unpredictable market. The moment it stops, which I guess won’t be possible, then I think this volatile market will not be interesting anymore.

Churchillvv

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Quote from: pooya87 on May 19, 2024, 11:24:35 AM

Quote from: Churchillvv on May 18, 2024, 09:00:05 PM

Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago

Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise.

Your assessment is correct!
The significant effect that has cost the market to be boring at this time shows the validity of the law of supply which says the lower supply the high the quantity demanded, the reduction in block reward by 50% is quite effective in the market but we can not also forget that the boringness of the market can also be as a result of market sentiment where investors awaits the effect of reduced block supply hence speculation in this forum and outside has reduced from the observation of Op

We can also consider this boringness during post-halving period to be a result of historical trends since we (investors) have some experience of halving effect in the price of bitcoin, BTC price could be less speculated because of past trends expectations and sentiments.

lombok

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Quote from: pooya87 on May 19, 2024, 11:24:35 AM

Quote from: Churchillvv on May 18, 2024, 09:00:05 PM

Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago

Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise.

The supply of Bitcoin has not decreased, but the income of Bitcoin miners has been greatly reduced by more than 50%. The level of reward given to miners is very little while demand is increasingly high and maintenance costs and all the requirements for mining are also high. So there should indeed be the potential for an increase in Bitcoin prices soon.

pooya87

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Quote from: Churchillvv on May 18, 2024, 09:00:05 PM

Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago

Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise.

Churchillvv

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Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

At some point in the market I believe people usually gets tired of prediction because the volatility of bitcoin is now on a state of deep confusion because the price is not showing a trend yet it's just fluctuating around 60kish to 65kish price so most people don't seem it necessary to keep predicting.

Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago

Quote from: LFC_Bitcoin on May 09, 2024, 04:14:57 PM

I’ll give you a prediction, 1BTC = $200,000 before the end of 2025.

Let me add to your predictions @LFC_Bitcoin. My prediction,1BTC = $120,000 before the third quarter of 2025

adultcrypto

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Quote from: Oshosondy on May 09, 2024, 04:19:53 AM

This is because the price of biitcoin has already increased and we are not yet in another bull market.

I think we have always been in bull market for a long time and not even the recent retracements changed that fact. In trading, what the market did recently is called compression or consolidation which is a way the market builds momentum before big moves occurs in the market. What is certain is that after the compression comes big moves but it is not certain which direction the big move will occur but from the events that happened recently, it will likely be in the bullish direction.

Quote from: Oshosondy on May 09, 2024, 04:19:53 AM

Also because there are dull time immediately after halving and we are in that dull period now. Let us see what will happen after 2 to 5 months. My speculation is still that bitcoin will reach $100000 in 2024.

Fair enough 2 to 5 months time from now is ample time for the market to truly give us the direction it will move to. That should be a strong and sustained move not driven by hype and fear, although such moves have its way of generating hypes.

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Quote from: pooya87 on May 18, 2024, 12:26:56 PM

Bitcoin market is generally unpredictable. Nowadays that the global economy is in ruins with high inflation and recession at the same time, things become even less predictable in bitcoin market. Then we have the sudden big drop where price went below a strong support at $60k, so it is understandable to see people get confused about the market situation and stop posting "predictions" or rather speculation...

I'm still looking at interest rates and inflation to soo if they either lower the rates of if they keep it up BUT inflation blows up and goes to the moon as high rates fail to contain it! Either way bitcoin should go up if any of these two happen.

Aligned on your statement but the problem I see here is the number of so called influencers who calls the randon prediction about Bitcoin when it's trending upwards and to be honest it's misleading most of the time and I can testify as I had been following few of them in the past and they have huge followers but when we check their predictions it all fails and I believe either they should be accurate which is impossible and if not they shouldn't randomly be suggesting market conditions just for more views and profit

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Quote from: Gozie51 on May 18, 2024, 01:53:26 PM

Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

There is no reason to worry that the speculations have been silent, it is normal. If bull turns to bear and a slow steady market, it also usually slow the market sentiment and noise. Why you will see this noise settling down is because the bull came sometime before the halving and that hype has died down for now but definitely the price will raise above the current ATH even beyond our expectations.

One of the major reason that the price must raise is that, it is traditional for btc price to increase beyond existing ATH after halving, so that has not happened. The current ATH happened before halving and so we are about to see an ATH caused because of the phenomenon of halving which is block splitting and reward for miners. So it is not a ruse that price will increase before the next ATH in 4 years time.

If you are really just that new into this market then you would really be having that kind of impression but on the moment that you've been here on this market for long years or been a while then these kind of conditions or situations is really just that like an ordinary on this space on which means that you would really be just that simply sit down and wait up for some recovery or some significant movement. We do know that there are indeed times or conditions that the price would really be that moving sideways or something that be in consolidation on which means that it the moment or condition that it would really be on this way and if you are
someone whose lacking that awareness and experience then you would really be panicking out or would really be having those questions.

This is why you should really be that making yourself that getting used to it because on the moment that you do freak out then you would be losing up your focus on the things that you must
do because you do let yourself being stirred up because you've been expecting on something.

Gozie51

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Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

There is no reason to worry that the speculations have been silent, it is normal. If bull turns to bear and a slow steady market, it also usually slow the market sentiment and noise. Why you will see this noise settling down is because the bull came sometime before the halving and that hype has died down for now but definitely the price will raise above the current ATH even beyond our expectations.

One of the major reason that the price must raise is that, it is traditional for btc price to increase beyond existing ATH after halving, so that has not happened. The current ATH happened before halving and so we are about to see an ATH caused because of the phenomenon of halving which is block splitting and reward for miners. So it is not a ruse that price will increase before the next ATH in 4 years time.

yudi09

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Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

-snip-

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention.
After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k.
Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher.
If I observe current conditions, the market is not bad.

pooya87

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Bitcoin market is generally unpredictable. Nowadays that the global economy is in ruins with high inflation and recession at the same time, things become even less predictable in bitcoin market. Then we have the sudden big drop where price went below a strong support at $60k, so it is understandable to see people get confused about the market situation and stop posting "predictions" or rather speculation...

I'm still looking at interest rates and inflation to soo if they either lower the rates of if they keep it up BUT inflation blows up and goes to the moon as high rates fail to contain it! Either way bitcoin should go up if any of these two happen.

SmartGold01

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Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

It's not silent rather the real investors and those who knows about the historical data and sequence of bitcoin price after halving has nothing to worry over the price at currently except for those who doesn't know how it works could keep worrying over this period, and even as that they knows that certainly the market would get back to it base. Meaning its only for a few moment and that is how the market works and must continue to function this way till will enter full bull run, and you have to also understand that going up and down of the market (bitcoin price) is the effects of trading, so if the market remains stable or doesn't obey it's principles that means the law of buy and sell has been broken or defeated. Therefore keep in mind that bitcoin price must go up and down for effective trading.

hatshepsut93

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Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

I don't pay attention to them because I don't trust any person with big influence to give a truly honest advice. They have more reasons to manipulate the market instead of trying to make everyone rich. In Bitcoin they could be telling that the price will reach some high target while they themselves are actively selling. Or they could be skeptical yet quietly buying without triggering a bull run.

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Well I am not surprised. This year we had the ETF approval and halving and both theories were proved to be incorrect.

1) ETF approval - everyone expected it to be a sell the news type of event. Because that is what happened when the Bitcoin futures launched, coinbase IPO and Bitcoin futures etf. We dumped after the approval but we hit ATH anyways. Who would of known?

2) Halving - everyone expected it to rally after the halving. However its becoming stale and trading sideways. Its still early however after the halving and we can still go on a crazy bull run but it seems people are losing interest already and going back to trading GME on the stock market.

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Quote from: DanWalker on May 09, 2024, 10:16:19 AM

Not only on the forum but on other social networking platforms, bitcoin price predictions and bullish sentiment also seem to be gradually disappearing as the market is still in the adjustment phase. What I see is that people are no longer talking about bitcoin reaching $100k, instead they believe bitcoin will fall to $52k. And I think this is a good sign for the market because when people get bored and sell all their bitcoin, that's when the market gets pumped again.

You have also made a convincible point, the speculations now is literally no more headed on the increments of Bitcoin but at the depreciative value.

I got to think otherwise that during the bullish event the speculation was an encouragement or distraction that investors may feel good to had make lot of profits or keep holding with your Bitcoin assets while at this moment,
the market influence is focused on encouraging Investors to buy now that the price has gone weak.

So it happens to be an opportunity attracting more investors to come buying and hodl while the market rise is expected to come at the skyrocket to the bull-run but investors who are emotionally sentimental can actually sell their assets with the speculations that Bitcoin would fall lower than expected.

Agbamoni

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I doubt people are silence. Perhaps in your location people do are silent because they are scared of the market.

To be honest here i do not see dip in the market. I was expecting something below 50k maybe 45k in the price of Bitcoin so am kind of surprised what may have brought about the silent. Because many people did not consider the small price movement to be a dip, even if any price below the ATH can be seen to be a bear market.

It seems we are too optimistic about the price movement of Bitcoin. The solution to that is patience and nothing else.

livingfree

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Nothing has changed. When the market dips, everyone is disappointed but not the new comers. That's how the mood changes quickly when we're just looking at the reds in the market.

But I have never seen that the predicitons where gone when everything has been up and nice with people telling their high predictions.

Quote from: Felicity_Tide on May 14, 2024, 08:27:42 AM

As for this year's halving, the expectations of many were not met as things turned out to go the opposite way. The expectations and excitement of the ETFs' approval seem to have overshadowed that of the halving, leaving us with a range of prices that we keep seeing, which is not aligned with the history of halving.

Don't be so hasty.

Why you guys want to see your predictions or expectations reached when we're not yet even a month passed when the halving's done?

Felicity_Tide

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Quote from: Kelward on May 14, 2024, 07:47:56 AM

Quote from: EluguHcman on May 09, 2024, 04:00:29 AM

The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.

Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?

Before the halving, there was high expectations that we're going to see a massive bull run, this could be because of the price surge before the halving, that even made it possible to see a new ATH before it. I think that the approval of Bitcoin ETF triggered a lot of excitements, because of the massive price increase that followed it, now halving has ended and the excitement has suddenly ceased because of the price dip. I know that it's just a matter of time and the price predictions or speculations will become more exciting and loud, when we enter bull run.

If you ask me, I must say that we've been experiencing a bull run since the approval of the spot Bitcoin ETFs. Floating around $60K for months doesn't seem normal to me at all, it is clearly a sign of how massively the ETFs impacted the market, resulting in the current price.

As for this year's halving, the expectations of many were not met as things turned out to go the opposite way. The expectations and excitement of the ETFs' approval seem to have overshadowed that of the halving, leaving us with a range of prices that we keep seeing, which is not aligned with the history of halving.

Topic: Bitcoin price predictions gone silence since the DIP. (Read 344 times)