Topic: Could Bitcoin's Price dump to Halving? (Read 453 times)

That statistic won't be much different from what I thought before, but I said in my own assumed scenario, so it's still very possible to potentially go down first to $25k (around that) and then see some movement after the halving.

Do any of you still believe that bitcoin will always be the same cycle even though it's not exactly the same at all?
I hope it still continues to be in correction so that I myself still continue to collect from the lows before the halving.

Yes it will be unexpected again, we can only conjecture when analysis is made and conclude with that statistic.

Exactly. With any other altcoin out there i would be afraid of the dip, but with bitcoin it's quite the opposite. I am not 100% sure that we will go high as everyone seems to think as last bull was shorter and way more mild than i thought. I i have some reserves on this one as well. I won't be looking for exact top and just enjoy the ride this time. And i count my lucky stars on how i got to be a part of this one. I am DCA:ing slowly now to this one. I might be late but better late than never.

Only noobs are the ones who do really sell out their coins in losses but for those who do have experience and awareness on how this market works then for sure they would be accumulating even more.

Just take for example on the current situation on the market on which it would really be that giving you doubts and hesitance considering the price is going down now instead of the positivity that we do have in the market or with those news but still the price is really that failing on breaking that 30k point on which it is really that hard to believe that we would be seeing 35k or 40k soon but well
if we do think up for long term then this wont really be an issue.

Instead on making yourself that get stressed out, you would rather make yourself that wise on taking up decisions on accumulating more just because you do really believe
on bitcoins potential and really putting up that trust into it and going for long term.

Of course, no one will leave Bitcoin, in fact now more and more are turning to investment in Bitcoin. Although the bitcoin price needs to consider macroeconomics as well. Russia and Ukraine are still not at peace, America is on the edge of a recession, country regulations that are willing to adopt crypto, and the events that happened to LUNA, FTX, and many others have created a dump. But I still believe Bitcoin can return to ATH and exceed it later during the halving.

Because one thing makes me sure, if the economy in a country is destroyed, the people will prefer to transfer their money to Bitcoin before the currency they hold is also destroyed along with the crisis. that's what makes Bitcoin even more pumped up when there is a crisis. just an example, when the covid19 case the world economy was uncertain, bitcoin went up. Bitcoin was also deliberately created in 2009, a few months after the global economic crisis in 2008, as a form of Satoshi Nakamoto's concern about the failure of fiat currency to fight inflation and the crisis at that time.

so bitcoin is like safe heaven, the name safe heaven is the same as gold, a hedge of value, it goes up when there is a crisis.

Just for the record, I don't think we're dumping now. It's just lack of new demand manifesting itself. People who wanted to buy bitcoin this year already did it between 20 and 30k and there's not many left who are yet to do so. Those who want to buy are waiting for ETF news and with bitcoin constantly being mined, lack of new demand means lower prices. It's always been like that because to satisfy constant increase in supply, bitcoin needs constant demand.

IMO we're going to go to 35k by the end of the year and to at least 40k by the month of halving.

This is why many people are buying bitcoin but there are also a lot of people who sell their bitcoin because they are not aware how much profit they could make from bitcoin as well. I am not really entirely sure how much sense that makes for some people but that should be the important one considering how they could make a profit later on.

I mean think about it, we are talking about something that is dangerously profitable and also risky at the same time. This type of risk/reward situation makes some people hopeful and hyped because of the reward potential because they see how high it can go, but some people worried because they have seen how much it could go down as well and have seen it happen before so they worry about it.

The next bigger pump in Bitcoin is still very likely to happen as long as the whales don't leave the crypto market, especially those who still really like Bitcoin. And if you look at the correction that's happening right now in the market, it's a very normal correction this year because Bitcoin still hasn't lost its potential for another pump. So you don't need to doubt about that as long as you still believe in Bitcoin and also in the ATH that Bitcoin will achieve in the future.

Whoever has invested at least some money in the cryptocurrency market would want the market to go up and those who are willing to invest are waiting for it to drop down as low as it can because they will be able to get as much as they can, that is a general instinct that every person has, we always want to have as much profit as we can no matter what happens to others and their investments, but the market doesn't always go the way we want it to.

The current market isn't basically a bad position for someone who wants to start investing because we are going towards halving right now and we all know and have seen that the market goes up around or after the halving as we can see in the historic data, so someone starting to do DCA right now won't be in a bad position next year.

Until now, the condition of the bitcoin price is still in a downward position and no one knows when the price can start increasing again. But from the past few days, every time the bitcoin price manages to increase, the price will decrease again and it looks like there is pressure on the market that wants the price to stay at the current level. But it could be that before the halving, the price of bitcoin will get a rally to increase the price step by step until it finally makes its last ATH. But after successfully reaching its last ATH, usually, the price will experience a drastic decline because we have seen it happen in the last two halvings. So after the new ATH is reached, we must be prepared to buy at the lower price and not rush to buy.

I agree and I have no doubt the Bitcoin price will reach its new ATH in the future and indeed any time is a good time to buy bitcoins if planning to invest for the future.
But throughout this year I don't see any more big pumps happening, the movement that has occurred throughout this year has always been stalled at prices close to 30k so I think that's a point in the year and that's positive enough that it's almost doubled compared to the start of the year.

While people always say that bear markets and bitcoin price drops are good because they can buy bitcoins at a high discount, the truth is they always want the market to go up and hit ATH.

I agree with you, the current price is a very uncomfortable price, many people will not dare to buy, because they think that after buying the price will drop more. Many people also do not dare to sell even though they have made a profit, they fear the price will not decrease anymore and will lose the opportunity to buy cheap. Most are still waiting for new market fluctuations to make the next decision.

Bitcoin price is the most difficult to predict in the short term. Because the best time to hold long term is now and those who invested long term in the past are apt to reap the benefits. However, this year the price of Bitcoin can be as high as 45 thousand to 50 thousand dollars. Although the Bitcoin halving in 2024 indicates that the halving is unlikely to increase the price of Bitcoin in the past year. But the halving is next year, so 2025 is the most likely time for Bitcoin to cross $100,000 overnight. Follow this saying that long-term investing is the best thing to do now.

It's indeed possible to expect a price range of $40k to $50k for Bitcoin by the end of the year, especially considering the historical trend of market pumps during that time.  However, predicting exact prices is challenging due to the various factors influencing the market.  The momentum Bitcoin has gained and the increasing demand from investors are positive signs for further growth.  Even at the current price of $30k, many of us believe it's a good opportunity to buy and could be considered a low price compared to the projected values for the next bull run.  Bitcoin's widespread adoption across countries has the potential for growth.

Based on history, as always we saw that the market pump after the next halving comes and the bonus opportunity when there is a new ATH comes which I think most of us are awaiting.

Probably we could expect 40K$- 50k$ at the end of the year if we are lucky since the end of the year most of the time pumps the market, then we could drop in the first quarter of 2024. There are still a lot of things and factors that are affecting the market price of Bitcoin so we can't accurately predict but if the market continues this way 40k$-50k$ is realistic before the end of the year that's for sure. I mean bitcoin continues to increase its momentum and the market continues to skyrocket most of the investors are going to buy even though the price wasn't dumped because there was just a very low chance that the price is going to drop a big percentage. Like what we saw in the past weeks and months, we did drop on around 25k$ but easily back up to 30k$ which means the demand is really increasing on bitcoin.

Even at this point of 30k$, I think it is still a good price for Bitcoin to buy, I mean you could still do a dollar cost average to lower your risk but the price projection next bull run was just so high so 30k$ was just too low to price bitcoin, and we could already notice it since it is already adapted to a lot of countries and platforms as well.

On a speculative market then we do always have that speculative approach on which it would really be just that normal that actions would be made will really be different on each person because there are some who would really be waiting for such dip prices and there are ones who are really that accumulating on the current price or making DCA if ever it would make out some correction and this is why it would really be totally different to
each other in speaking about actions and investment decisions that we are making. Price dumps ahead on Bitcoin halving? Its not something new and we've been in countless dumps and corrections even not on halving
upcoming event. This had been always like this and not something new, this is why when you are an investor or trader then it would really be just depending on what are the actions you would be making
because not all would really be that the same on making decisions. This is why on every buying or selling decisions then it would be entirely depending on you.

Of course, but only if they're waiting for a dip too deep instead of just dipping into a correction. That's a bit implausible given that bitcoin has gained more big investor support so its price will be pushed to go higher instead of crashing lower and test its new lows.

If the dip they are waiting for is not too deep, then of course it is not a mistake. Bitcoin price volatility allows corrections at any time, even when the price is pumping. we have seen price break through $31k, but price could still go down to near $29k. That's a dip to take advantage of but it would be great if they did DCA as well.

Those who are waiting to buy at dip are wrong and they will be sad when they realize that no dip occurr during this year. People demands for bitcoin is increases and the number of bitcoin is not much higher therefore as a consequence of greater demand for bitcoin elevations in worth also take place.
I think if the price goes up to 40 to 50k$ and people have not yet buy bitcoin so they will prefer to buy bitcoin at this price rather than sorrow when time flies.

There will surely be advantage for those individuals too who buy bitcoin at higher price because in coming Bull run the price will be more than current price to offers its holders a bulk of profit.

IMO we should never purchase Bitcoin or any volatile assets such as gold or crypto with funds which are required in the short term. Investing in a volatile asset can either increase or decrease the USD which we own and on such a case we can never be sure of the outcome. Having a backup fund to invest additionally during a huge downturn will be a welcome move but any money which is not required immediately can be invested significantly onto Bitcoin anytime. Finally, Bitcoin will rise to new highs during the next bull run as the adoption would be much higher and the positive ETF news from SEC can impact the market positively as well.

Altcoins can be even more riskier as we can never be sure of the underlying protocol going higher or lower in price based on the market sentiments. Recently $COMP was manipulated heavily that they pumped higher in the market value with a relatively lower TVL while comparing to the market leaders such as $AAVE. At uncertain periods such as this, it would be better to stick onto Bitcoin as keep buying before the halving periods as we our bags would start rising relatively when the adoption kicks in. Additionally, on top of fiat money we can also own a smaller stack of trusted centralized fiat backed currencies such as USDC as it might be helpful to convert them to BTC during a sudden downturn of events.

I think real crypto lover wants price above the previous all time high instead of this current price that is now struggling to break 31K level. As a trader, a sideways price an indecision phase which price go down or up without any assurance on the direction.

I think the dip on 15K is what every trader really want as perfect entry for trading. The current price is already on the uncertain part which I doubt that crypto lover really like.

Maybe it would be bad news for some, but I'm sure that some others would welcome such an outcome of the situation with delight, because why buy for $30k if you can get it for half that and less than 1 year from the halving? Last year, many "experts" speculated that the price would collapse even to $10k, and many were waiting for that very moment and did not take advantage of the opportunity, which was more than excellent.

Of course, all thanks to that South Korean scammer and his "friend" from the US with the significant name Bankman, who caused a general panic and brought down the price. Now we are exactly where, in my opinion, we should be, and if nothing too important happens, I would not be surprised if by the end of the year we remain between $25k and $35k, which is more than a good starting point for a new bull run that will follow in the months after the halving.