Is Bitcoin set to RISE into the Halving? - page 4.

gogoi

jr. member

Activity: 42

Merit: 6

Quote from: exstasie on April 08, 2020, 04:31:05 PM

Quote from: gogoi on April 08, 2020, 01:28:22 PM

The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%.

Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.

I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.

It was a 30% drop after the 2nd halving right?

I agree if we were to rally past the "fair value" of $11,400 the halving prior we could see a pullback. Also throughout the bull market phase expect MULTIPLE 30% pullbacks as during the last market cycle.

Personally, I don't view it as Bitcoin just rallied 100% off of the low (which is of course has) but nothing more than a vicious liquidation loop on Bitmex which self corrected within hours after Bitmex went offline. Price is basically back to where it was before the liquidity crisis.

exstasie

legendary

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Quote from: gogoi on April 08, 2020, 01:28:22 PM

The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%.

Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.

I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.

adzino

copper member

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www.Crypto.Games: Multiple coins, multiple games

Quote from: gogoi on April 08, 2020, 01:28:22 PM

The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.

https://youtu.be/j78WSzThEK0

You see this is something we can never predict accurately. Was anyone able to actually predict how badly the price would have been affected by the current virus outbreak? Nope. People were instead hoping the price to rise, but you see the exact opposite has happened.
Now, no one is certain how the halving will impact the price. The halving might help us to recover to the previous price. We can already see it growing back!

TIDOVEE

sr. member

Activity: 1246

Merit: 255

Bitcoin should be set for halving in not more than a month time, but I hope the COVID 19 pandemic will not create an extension to it. So far, the bitcoin and many other altcoin price has been quite stagnant. We may have a little rise from that next month as long as the halving commences but a more pronounced rise after 6-8 month of the halving.

gogoi

jr. member

Activity: 42

Merit: 6

Quote from: enhu on April 08, 2020, 02:56:39 PM

Jordan already said it could go to $20K this year like it will tough the ATH when it breaks the resistance where the liquidity crisis he mentioned. The fact that halving as always will act as catapult for the price to pump, its almost certain that it can go that direction. Halving is going to happen next month. He is suggesting to buy just when it retest the support level why not buy now?

While I do think any price under $10,400 is cheap, and anything under 20k provides amble room for serious profit - I am providing a "safe" entry into Bitcoin. I also mentioned in the video that now is a good time to buy and I added during the dump at $4100, $5200, $6100 and $6500. I would had added more but the dump was very quick and I could not get more funds to the platform I needed in time.

Yes, $6,300 is going to be a fantastic entry into Bitcoin in just a short time in my opinion.

enhu

legendary

Activity: 2492

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Jordan already said it could go to $20K this year like it will tough the ATH when it breaks the resistance where the liquidity crisis he mentioned. The fact that halving as always will act as catapult for the price to pump, its almost certain that it can go that direction. Halving is going to happen next month. He is suggesting to buy just when it retest the support level why not buy now?

cr1776

legendary

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Quote from: gogoi on April 08, 2020, 01:28:22 PM

The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.

https://youtu.be/j78WSzThEK0

TLDR;: The fiat price will go up, go down, or stay the same. Previously it has gone up over time, particularly after a halving - within 6-18 months of the halving it has risen. No one knows what will happen this time. It might rise into the halving, or it might not.

I think that sums it up. :-)

The short answer is that if you believe in the ability of technology to protect people's assets from the authoritarians/totalitarians/socialists/communists and other elites, then bitcoin will rise over the longer term.

gogoi

jr. member

Activity: 42

Merit: 6

Quote from: Btcbeginners on April 08, 2020, 02:20:12 PM

In this time, The Bitcoin price will not follow Shocked

the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time Undecided

to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus.

Some interesting thoughts.

Bitcoin definitely dumped during the liquidity crisis caused by the pandemic which seemingly popped the everything bubble. Since it has recovered almost 100% off of it's low. The Federal Reserve's response to the liquidity crisis was to expand the money supply by $4 trillion dollars restarting QE. In 34 days Bitcoin's monetary policy will experience QH or quantitative hardening.

The next 12-18 months should be explosive for hard money assets such as Bitcoin & gold as they are repriced with the world's monetary supply increasing drastically over the last few weeks.

Btcbeginners

newbie

Activity: 28

Merit: 3

In this time, The Bitcoin price will not follow Shocked

the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time Undecided

to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus.

gogoi

jr. member

Activity: 42

Merit: 6

The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?

In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving.

https://youtu.be/j78WSzThEK0

Topic: Is Bitcoin set to RISE into the Halving? - page 4. (Read 694 times)