Topic: Now Bitcoin will pump or dump? - page 2. (Read 475 times)
A rally is quite expected especially since the price drop last time was quite steep. Everyone is testing the waters early on and seeing as the reaction is quite positive, the market decided to push forward. Currently, we are on the end of April and approaching the start of May, which is the month of halving. If we base this on past halvings, you could see a steady growth of price after a few months of halving. That time period also shows a certain steady growth and doesn't really show any big dips so far. Honestly, just based on what the Halving does, we can all expect a rally, the question is how big though. Seeing as the current state of various countries right now, I'm pretty sure there would be positive changes in the market, but it would rather be limited.
Since the halving is exactly 2 weeks away, and stock market looks like it might print newer highs and there is still a correlation between the two. I have a feeling that the $8K area will most likely get engulfed.
Basically everybody is trying to short that area. Mainly because its huge supply when we dropped from $8K to $3.5K very quickly and also because we are currently into what is known as a bearish flag.
However knowing the way bitcoin behaves. When most people take the trade in one direction, usually the opposite happens.
Basically everybody is trying to short that area. Mainly because its huge supply when we dropped from $8K to $3.5K very quickly and also because we are currently into what is known as a bearish flag.
However knowing the way bitcoin behaves. When most people take the trade in one direction, usually the opposite happens.
Bitcoin will be on $10k for the end of 2020 according to Tone Vays. I reckon many of his critics might be beginning to listen to him after making the correct prediction of bitcoin dumped to $4k, 1 month before it occured hehehe.
that is why Youtube is flushing all the people like him out of their platform. they make some random guess and when it comes true they milk it as much as they can and mislead an even larger number of newbies who are desperately confused about the market situation and want someone to tell them what to do. hehe.
Supply and demand have a big factor in the value and bitcoins price IF due to pandemic everyone might sell their bitcoin and will lessen the demand from the normal rate. If demand is lower than expected then the supply becomes higher and in order for the crypto world to sustain the changes then bitcoin's price will drop to entice people again to buy or invest again in the crypto world. So, therefore, Bitcoin isn't a scam that has a pump and dump, but yes it can be manipulated.
This was the scenario during the first few months of a pandemic that makes the value of bitcoins dump however since people are starting to relax again even lockdown or ECQ is ongoing they are now returning to have their assets back to what was it before. In this case, people started again to buy bitcoins that make it's valued higher that will also reflect its price especially people nowadays are considering bitcoins and cryptocurrency are safe havens that will give us a bug pump up the value of bitcoins.
Have you notice Bitcoin showed improvement this week. It's almost $8K price.
This was the scenario during the first few months of a pandemic that makes the value of bitcoins dump however since people are starting to relax again even lockdown or ECQ is ongoing they are now returning to have their assets back to what was it before. In this case, people started again to buy bitcoins that make it's valued higher that will also reflect its price especially people nowadays are considering bitcoins and cryptocurrency are safe havens that will give us a bug pump up the value of bitcoins.
Have you notice Bitcoin showed improvement this week. It's almost $8K price.
You should consider using more accurate terminology.
https://en.wikipedia.org/wiki/Pump_and_dump
Bitcoin is not a scam. No one is pumping the price fraudulently in order to permanently dump it on unsuspecting victims.
___
If you mean to ask if the price will rally or dip, it's anyone's guess, but most people with extensive Bitcoin experience expect a rally.
Long term the price will keep rising as adoption continues due to its limited supply.
Short term, the price is rising as a correction to the large unexpected dip linked to the stock market crash from Covid-19 panic. We have already seen a week of green daily candles.
There is also the mining reward halving that will occur in less than a month. Historically halvings lead to steep price increases within a year or two.
https://en.wikipedia.org/wiki/Pump_and_dump
Bitcoin is not a scam. No one is pumping the price fraudulently in order to permanently dump it on unsuspecting victims.
___
If you mean to ask if the price will rally or dip, it's anyone's guess, but most people with extensive Bitcoin experience expect a rally.
Long term the price will keep rising as adoption continues due to its limited supply.
Short term, the price is rising as a correction to the large unexpected dip linked to the stock market crash from Covid-19 panic. We have already seen a week of green daily candles.
There is also the mining reward halving that will occur in less than a month. Historically halvings lead to steep price increases within a year or two.
Bitcoin will be on $10k for the end of 2020 according to Tone Vays. I reckon many of his critics might be beginning to listen to him after making the correct prediction of bitcoin dumped to $4k, 1 month before it occured hehehe.
I can see Bitcoin rising to as high as $8,500-9,000 on this run up over the next month or two, after that I think it will pull back down but I don’t see Bitcoin falling under $5,000 again. If the economy continues to be poor, Bitcoin will probably not go up much because people will just not risk the money they have left on Bitcoin. As for end of 2020, I think Bitcoin will be around $10,000.
Source https://dailyhodl.com/2020/04/26/analyst-tone-vays-predicts-12-month-bitcoin-btc-trajectory-says-three-factors-will-drive-people-into-crypto/
I can see Bitcoin rising to as high as $8,500-9,000 on this run up over the next month or two, after that I think it will pull back down but I don’t see Bitcoin falling under $5,000 again. If the economy continues to be poor, Bitcoin will probably not go up much because people will just not risk the money they have left on Bitcoin. As for end of 2020, I think Bitcoin will be around $10,000.
Source https://dailyhodl.com/2020/04/26/analyst-tone-vays-predicts-12-month-bitcoin-btc-trajectory-says-three-factors-will-drive-people-into-crypto/
I think what the OP is pointing out is that if you want to play and make some money, better be ready for it. Predicting price is very difficult as we all know, we really can't say where the next price will go. Currently it seems that we are in sort of bullish run to $8k, which is big mental barrier to breach in my opinion.
So the OP is giving us just a sound advise, trade cautiously and don't think that the market will go on a parabolic rise. Important reminder that there is the block halving couple of weeks from now. So better be prepared.
So the OP is giving us just a sound advise, trade cautiously and don't think that the market will go on a parabolic rise. Important reminder that there is the block halving couple of weeks from now. So better be prepared.
Bitcoin is at a very important level of 7700$-7800$ if it breakout, we may see a 300$-400$ pump. If it is rejected, we may also see a big dump of 300$-400$.
On the other side, we may also see scam wick in upper side and dump.
In this sectuation you should follow the daily chart.
BTC support if it's dump 7200$-6800$.
So let's just hope that we can trigger the bull season after the halving so we can expect a less dump and a bigger push of the prices. 8500-9000$ will be safest price of bitcoin when the halving happen.
It's just too early to decide whether Bitcoin would pump or dump and just because you've seen it rise it's just doesn't mean it will start to pump. Remember that there is always a manipulation of the market since it is an open market and this might be some kind of testing for them if traders would take the bait. But if you believe that this will be the start of Bitcoin to pump...then good luck with that.
If we know the nature of the market, we can't expect the price to either pump alone or just dump.
Well, it doesn't really make me worry to see even the market will dump because it will never take longer but it will back to the pump again. The resistance still good and to the fact that we are moving closer to halving time, it was to think about the possible pump but I wasn't confident enough nor I was expecting a lot that it gives such thing (only just hope).
Well, it doesn't really make me worry to see even the market will dump because it will never take longer but it will back to the pump again. The resistance still good and to the fact that we are moving closer to halving time, it was to think about the possible pump but I wasn't confident enough nor I was expecting a lot that it gives such thing (only just hope).
There hasn't been a big increases yet, if bitcoin will dump as long as the support is good, then it should not be a problem.
I don't want to expect much, but if it will do a breakout, then let's see what price it will land, but like what happen on its past trends this year, I am neutral for now, and I always consider the real situation in real world.
I don't want to expect much, but if it will do a breakout, then let's see what price it will land, but like what happen on its past trends this year, I am neutral for now, and I always consider the real situation in real world.
I don't mind a $300 dump because this is not going to be big or important. It will just make it go back to the level it was at 2 days ago.
I'm looking for something much bigger now like a jump back to 8000 and a way towards 10 thousand. I think that it doesn't matter what will happen in the next 2 or 3 days. The halving will make the price approach 10 thousand somewhere this year and that's what you should be happy about.
Ignore those small $300 moves and wait for the big one that will make it worth the wait.
I'm looking for something much bigger now like a jump back to 8000 and a way towards 10 thousand. I think that it doesn't matter what will happen in the next 2 or 3 days. The halving will make the price approach 10 thousand somewhere this year and that's what you should be happy about.
Ignore those small $300 moves and wait for the big one that will make it worth the wait.
I don't think bitcoin will get a big pump on the crisis pandemic that has hit the world. All people are in economic times that are difficult to meet their needs and need more cash for their survival. maybe in the short term we will see bitcoin in the area of $ 7500 - $ 8080 in the coming week even though it coincides with the halving event for Bitcoin 2020, but in the short term bitcoin will fall to lowest level. I predict big pump will occur by the end of 2021.
We cannot say that is for sure because just when Bitcoin got down as soon as the world markets fell Bitcoin is the only one who got up and quickly recovered, this alone shows that the dump was only cause by the global pandemic and the actual demand for Bitcoin is really strong especially when you think about how it quickly recovered from the 4,800$ mark which was simply amazing. On Bitcoin going up to the 7,500$ to 8,800$ level I could see that there is a big possibility but as of the moment Bitcoin is still consolidating which does not show neither it being bullish nor bearish, I would still observe what this week will offer to us to see a much bigger picture of the actual movement of Bitcoin.
This price range is very critical for bitcoin, here anything can happen, if the price goes upward then also it can come down quickly as currently there is least support and more oftenly people are selling their coins as no other source of income is there for those people.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.
People might not have an income due to lockdown but the local governments are doing everything they can to support the people financially. Though, It's not gonna be enough but at least that alone can hold the price to where it's situated in right now.
Currently, the market is showing signs of gradual increase from day to day. This might be the retail investors pouring more asset to take advantage of the possible bulls after the halving.
Bitcoin is now at a level that is very important. As difficult as it is to break it, if it can break Bitcoin, we will see an up trend. I still think it will be difficult to see the big pumps of Bitcoin during this crisis. Because now is a time that is terrifying people all over the world.
Again since bitcoin halving a few days left. So now there is a possibility of seeing an up trend of Bitcoin. But what I have said is that the world is not good now so it is difficult to predict anything. Now Everything depends on the bitcoin bulls.
Again since bitcoin halving a few days left. So now there is a possibility of seeing an up trend of Bitcoin. But what I have said is that the world is not good now so it is difficult to predict anything. Now Everything depends on the bitcoin bulls.
This price range is very critical for bitcoin, here anything can happen, if the price goes upward then also it can come down quickly as currently there is least support and more oftenly people are selling their coins as no other source of income is there for those people.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.
The price fluctuation of $200 - $300 is normal, if the value drops more than $500 then we can say the price of BTC will go down.
If we have a look from the past 1week the price of BTC is really impressive, I thought the price of BTC will go down very badly as COVID-19 is still in progress but crypto has some different thoughts. Well my prediction till halving is 10k.
Bitcoin dump of $500 is not enough to change price or trend direction. I have see this happening several times and the market always bance back to it formal direction. I think current outside halving there is no reason why bitcoin should do wonderful well as other financial instruments are falling. If we have a look from the past 1week the price of BTC is really impressive, I thought the price of BTC will go down very badly as COVID-19 is still in progress but crypto has some different thoughts. Well my prediction till halving is 10k.
We cannot describe what happens as a pump or dump. The price is moving on a moving average basis, and we have seen some growth over the past 24 hours so the scenarios are open.
Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.
I think there are many people who are optimistic about the effects that might occur after halving and they deliberately prepare to buy and hold bitcoin within a certain period of time. Is this what is called FOMO ? because some people are optimistic like people who are afraid if they are not on the right track when bitcoin starts pumping. Its hard to guess how someone can be sure about a situation that hasnt happened yet, but I am sure they also consider the risks that might occur after halving.Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.
Predicting prices is indeed difficult, but as is the case at the moment, the price of bitcoin is increasing well and maybe this is a response from the preparations of traders and investors to halving 2020.
I don't think bitcoin will get a big pump on the crisis pandemic that has hit the world. All people are in economic times that are difficult to meet their needs and need more cash for their survival. maybe in the short term we will see bitcoin in the area of $ 7500 - $ 8080 in the coming week even though it coincides with the halving event for Bitcoin 2020, but in the short term bitcoin will fall to lowest level. I predict big pump will occur by the end of 2021.
We cannot describe what happens as a pump or dump. The price is moving on a moving average basis, and we have seen some growth over the past 24 hours so the scenarios are open.
Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.
Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.
Jump to: