JP Morgan says BTC price could drop after 2024 halving

Abiky

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Quote from: The Cryptovator on March 14, 2024, 05:40:33 PM

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.

Prices are dumping at the time of this writing. I'm sure JP Morgan is taking advantage of the situation to grow its stack of BTC. Why should we follow someone else's opinion to make decisions? What JP Morgan said is true, especially when prices decline shortly after the halving hype. But the bank is emphasizing its comments hoping to cause a huge crash in market prices. Are we going to let it win? Or are we going to keep buying and "hodling" BTC no matter what?

Noobs don't know how crypto works, so they will make blind decisions based on someone else's opinion. I've used to believe all the FUDsters until I've got tired of their schemes. With BTC growing bigger and stronger than ever, don't expect it to fail anytime soon. Who knows if it lasts a lifetime?

Distinctin

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Quote from: The Cryptovator on March 14, 2024, 05:40:33 PM

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.

No one holds the future of bitcoin, and JP Morgan may be true or may be not. The market might actually end up dumping after halving, however, I don’t think the price would drop drastically like that. Gone are the days for $40k price, so most likely bitcoin will touch $60k or $55k might be its dip. Whatever the price will be, at least we should prepare for it and would not jump into panic selling. Otherwise, we will end up selling at a loss and definitely lose all the chances for future profits when bull run happens.

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Quote from: Abiky on March 12, 2024, 08:43:44 AM

According to JP Morgan, Bitcoin could go down to the $40k range after the halving craze is over.

It is his right to predict anything. I think it makes sense if he assumes Bitcoin will drop after the halving is over. Bitcoin already hits a new ATH and may create another ATH in the halving. This may trigger many people to sell their Bitcoin. I am sure there are many people who try to sell their Bitcoin if it can reach $80k during the halving period. If there are too many supply of the Bitcoin in the market, it automatically triggers the price to drop instantly. However, I doubt if Bitcoin will drop to $40k, it is too far from the current price. I only think the Bitcoin will drop again around $60k.

Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices?

Bitcoin current trend is still in the uptrend. It looks increasing again after the big drop few days ago. After the halving, I assume there is a correction, but not sure how far it will drop. I don't expect there will be a massive drop in Bitcoin price.

Webetcoins

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They are old school traditional investors. So the logic for them is the ones that has dividends, and usually most places go up in price until dividend period and then go down afterwards. That of course is not true in this case and bitcoin is not skyrocketing until the halving and goes down under. The expectation for a day and increase until then is the reason why the price goes up in both of them so they assumed that afterwards would be the same as well, but it is not

The difference is that when a stock gives out the dividends, there is no reason to keep holding it whereas after bitcoin halving the price still goes up because the supply just got lower as well, well it didn't get lower but it got slower to increase, so the demand staying same still means price goes up.

btc_angela

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Quote from: The Cryptovator on March 14, 2024, 05:40:33 PM

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.

I think that's obvious already, they have set a precedence before, and if I'm not mistaken around 2017-2018, Jamie Dimon created a lot of noises about Bitcoin and go on a full attack mode. And that time we really don't know what's the intention of Dimon and JP Morgan on why they suddenly attack BTC.

And later we found out that after a huge dump, they bought a lot of Bitcoin and then sell it in a profit and they are all laughing going to the bank and cashing it out. So this could be the same as well so we must be careful of what JP Morgan will have to say specially negative things again.

freedomgo

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Quote from: Hypnosis00 on March 14, 2024, 05:41:47 PM

JP doesn't hold the future of Bitcoin and he has nothing other than speculating. But can't say he is absolutely wrong but the possibility is not close to such a thing as I still believe that the market is not totally changing, still history repeats itself, and still see bullish after halving the opposite from an expert JP Morgan views.

Anyway, whatever happens in the coming days we have no choice but to accept it. Can't still change the fact that the market is unpredictable and can't argue who is right or wrong but possible all of us went wrong. It is not a big deal for me for JP Morgan to say that as he is not even the one who controls the market.

However, if JP Morgan is right somehow, then I don’t think it will be a big threat for us. In fact, we have been expecting a sudden price correction any moment from now, and if it happens, I’m sure a lot would be glad to enter the market and start accumulating bitcoin at a cheaper price. Even JP Morgan I guess will take advantage of the current price dips, that’s why he’s been creating a hype in the middle of a bullish market.

One thing is certain, whatever is bound to happen will happen, and we have no control on that. It could be an advantage or a disadvantage, it depends on how you view the situation and analyze the concept. But for me, if JP Morgan might be right this time, then I would continue DCA again to maximize my bitcoin portfolio while the opportunity is here.

Hypnosis00

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JP doesn't hold the future of Bitcoin and he has nothing other than speculating. But can't say he is absolutely wrong but the possibility is not close to such a thing as I still believe that the market is not totally changing, still history repeats itself, and still see bullish after halving the opposite from an expert JP Morgan views.

Anyway, whatever happens in the coming days we have no choice but to accept it. Can't still change the fact that the market is unpredictable and can't argue who is right or wrong but possible all of us went wrong. It is not a big deal for me for JP Morgan to say that as he is not even the one who controls the market.

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Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.

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First of all, JP Morgan used to criticize bitcoin at every step.
Just watch this. JP Morgan CEO tells people not to buy bitcoin because it's only use case is fraud and money laundering and that was when bitcoin was worth half of what it is now Wink

He also said bitcoin does nothing and gold is better because it's limited in supply. This guy doesn't know what he's talking about and you want to take his company's advice? Be my guest.

Halving is not just a hype. It's an actual change in the network that makes it more expensive to mine new bitcoin. Every single coin mined after the halving will have to be sold for twice more than it is now.
I don't care if bitcoin dips after the halving because of speculators. It will be worth more and its real value will manifest itself in the coming months. $100k by the end of the year, you'll see. If you want to play their game and try to buy the dip if it comes, do it. Just don't come crying if you get liquidated because it's their game, they're in control and they will play with leveraged positions, that I'm sure of.

MinoRaiola

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Quote from: Abiky on March 12, 2024, 08:43:44 AM

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

The media can manipulate the price of bitcoin, this has been the case very often. If you look at Elon Musk and twitter, many people know how the prices of bitcoin and meme coins have changed when he has tweeted. The current sitaution of bitcoin is probably driven by the trend of ETFs, they have pump the price up a lot. As long as ETFs are so popular, the price of Bitcoin will continue to rise. I dont think the offer will be so large over time, the new coins mined every day will no longer be able to balance out the demand for bitcoins after the halving, in the long term.

AnonBitCoiner

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There is a time for halving and we don't know that what will be the situation after halving but I think it will totally depends on the selling percentage as if more people are selling bitcoin then it's obvious that price will goes down.

It is unknown that at what range the price of bitcoin will reach during halving so after halving prediction is something difficult. I think once we enter into the halving period then price will be more than 80k$ because now it is 73k$ and is still growing.

If halving repeat its history then there is a clear chance that after halving we will see pumping price but eventually people will take their benefit so after a Bull season we will see a bear season and its normal.

Abiky

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Quote from: shield132 on March 12, 2024, 01:46:09 PM

People always expect that Bitcoin will rise after halving because once every 4 years, the Bitcoin block reward is split in half but demand increases, which results in a massive bullish market. This year there is a very different situation. This is the first time that Bitcoin got ETF approval and a massive amount of money flooded into it. Bitcoin ETF is as important an event as halving, so in fact, we are experiencing double halving to say it otherwise. Bitcoin will rise even higher after halving and in one year it will reach one of the highest levels of price. Then, it will definitely crash, that's inevitable, when the bubble grows too much, it has a limit where once that gets reached, the bubble will burst and price will crash.

Of course it will crash. It can't keep rising at a non-stop rate. We must take the opportunity to buy more coins at a discount when the crash happens. Once prices rise back up again, it'll be a good time to sell. But most people don't believe in market corrections. They want quick money without all of the pains associated with investing.

I'm afraid most will get "rekt" due to poor investment decisions. The crypto market is like a rollercoaster ride. There are times where BTC and alts go up, and there are times where they go all the way down the drain in an instant. Who cares about what JP Morgan says? As long as Bitcoin "sticks" to the principles of decentralization + censorship-resistance, there should be nothing to worry about. Cheesy

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Quote from: Oshosondy on March 12, 2024, 08:50:30 AM

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

The thing is, JP Morgan might actually be right here.

Although whatever Jamie Dimon continues to spout about Bitcoin is bollocks.

When you got so many people buying like this, the price is bound to go even a little bit down sooner or later, because many of those said people will sell.

Quote from: ololajulo on March 13, 2024, 11:12:48 PM

Surprisingly I cant find any strong market influencer like Elon Musk in this market, JP morgan cant take his place and cant be trusted to predict the market. I want to believe will pump then slow down after the halving,then we will have small shaking before the parabolic that can only give us above 100k and massive altcoins pump

Elon is not even an influencer. He's a bona fide shitposter who happens to be followed by millions of whales and degen traders who then trade according to his tweets.

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Well its literally inevitable that btc will drop. It's just what always happens. Best to stick to your intuitions take advantage of it and if its HELLA low like last year, HODL it.

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Quote from: Xxmodded on March 13, 2024, 11:10:16 PM

Quote from: Smack That Ace on March 13, 2024, 01:08:01 PM

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

As I said before, I don't care about JP's predictions and what their intentions are, what I'm saying is that what I'm saying is my prediction for the market. Also, I think bitcoin's rise or fall has little to do with supply and demand, what's happening is more manipulative than what's happening naturally. I feel that since the ETF was approved, our game has completely changed and things are largely being dictated by the forces of Wall Street. So I think they will continue to use the same scenario when ETFs are approved to manipulate us again, and sooner or later the majority of bitcoin will fall into their hands.

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Quote from: Xxmodded on March 13, 2024, 11:10:16 PM

Quote from: Smack That Ace on March 13, 2024, 01:08:01 PM

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

The scenario of panicking many people so that they sell bitcoin at a cheap price is familiar to me. because this happens very often.
but lucky for those who are not affected by such, because it is true, it only scares away new investors who are not yet mature with its stance and its persistence with bitcoin.

as you said, they want to take more profit by buying bitcoin at a cheap price in that scenario.

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Surprisingly I cant find any strong market influencer like Elon Musk in this market, JP morgan cant take his place and cant be trusted to predict the market. I want to believe will pump then slow down after the halving,then we will have small shaking before the parabolic that can only give us above 100k and massive altcoins pump

Xxmodded

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Quote from: Smack That Ace on March 13, 2024, 01:08:01 PM

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

Nothingtodo

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Big Bitcoin whales usually make negative announcements like this to drive the Bitcoin market down and wait to buy Bitcoin. Their announcements often result in massive dumping in the Bitcoin market, and many of their whales buy Bitcoins and adopt holding plans. These whales then usually make positive announcements in the market and resell the bitcoins, taking huge profits.

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Quote from: Troytech on March 13, 2024, 10:26:42 PM

Sure it would be overly optimistic not to expect a correction at least before we continue the bull journey and I bet a lot of weak hands would be selling during the correct just what they wanted, what i see here is a plot to take bitcoin off retail investors and in full control by the big players, else what is the reason buying so much off the current supply and as it Is if a bear or correction where to happen it should triggered by a massive selling like when Grayscale was selling massive to delay the bull or cause a little dip, let's just see what happens as it is I'm just a spectator of whatever happens next.

Grayscale selling pressure is huge but it is absorbed very good by Bitcoin Spot ETFs that have net buying demand is bigger than what Grayscale can sell generally.

So buying demands since January is bigger than selling demands include sellings from Grayscale.

Grayscale themselves are trying to stop withdrawal requests from their customers by submit Grayscale Bitcoin Mini Trust with cheaper service fee as their effort to keep their customers stay in Grayscale and won't move to other Bitcoin Spot ETFs.

https://www.grayscale.com/blog/general-updates/what-is-grayscale-bitcoin-mini-trust

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