One more dump before halving? | Bitcointalksearch.org

drachman

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Quote from: coolcoinz on November 24, 2019, 02:45:46 PM

Quote from: akmal1984 on November 24, 2019, 02:03:50 PM

my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities

You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened.
People are so easy to manipulate.

And the next question should be why are people so easy to manipulate? In this market by far the most famous strategy is to hold your coins no matter what, and if investors followed that simple advice we will not see the volatility that we have in this market and this market will be a lot more resistant to those attempts of FUD, but we see the opposite, as soon as a negative news emerges the price crashes, we still have too many weak hands holding their bitcoin and the whales are taking advantage of this.

DeathAngel

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Hoping we’ve seen the last of the dumping now & we can soon start our slow ascent as the halving approaches.

BChydro

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Quote from: akmal1984 on November 25, 2019, 09:03:08 AM

What do you think if prices will rise again in December? or indeed after halving prices will really rise again?

Considering the current market situation you cannot expect a huge rally by the end of this year, these are testing times for bitcoin as there are several factors right now to consider than in the past, there are regulations coming in the market then there is a option market and so on so it is not the same like we had in the past but still i am optimistic with the way the market will perform after the halving.

akmal1984

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Quote from: veleten on November 24, 2019, 11:29:20 PM

one more dump? it seems like we are going to have plenty
no idea what caused this 20% + drop in price , Binance is claiming the news of the police raid did that , which is funny
but looking at the trading charts it is not going to stop , it could as well start falling below 6k and even in the 5500 area
after a glorious rally to 10k all we see is bears running wild , seemingly the buyers are unaware of the coming halving or are waiting for it to drop further to buy
in any scenario , even if it drops to 6k or lower , don't panic and wait - we have been here before numerous times
unfortunately , the end of the year " to the moon " hopes were shattered once again

after a few months we see bitcoin can hold strong now the time we see bitcoin in one week fell very dramatically. Honestly I actually feel a little uncomfortable with this condition. Because I think nearing the end of the year prices will go up slowly. What do you think if prices will rise again in December? or indeed after halving prices will really rise again?

veleten

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one more dump? it seems like we are going to have plenty
no idea what caused this 20% + drop in price , Binance is claiming the news of the police raid did that , which is funny
but looking at the trading charts it is not going to stop , it could as well start falling below 6k and even in the 5500 area
after a glorious rally to 10k all we see is bears running wild , seemingly the buyers are unaware of the coming halving or are waiting for it to drop further to buy
in any scenario , even if it drops to 6k or lower , don't panic and wait - we have been here before numerous times
unfortunately , the end of the year " to the moon " hopes were shattered once again

jubalix

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I wonder if the bears remember the recent 30% in one day?

Bears are going keep keep getting margin called until no bears left.

multi year Bulls can afford to stay in the game for ever at this point be way way ahead no matter what.

crossabdd

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in my opinion, the dump will only reach $ 6300 and then pump to $ 7500. and today the price of bitcoin is at $ 6700. be prepared to make the order below. not only whales, but we can also enjoy the benefits after halving happens. believe me this won't take long. The dump will end soon. and welcomed the high pump.

sayaya17

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Maybe this is all a manipulation of some whales who want to take a low price before halving bitcoin happens, and I do not know with the correction that is happening now on bitcoin whether it is still ongoing or enough until here. But if there are several parties who want to buy bitcoin as cheaply as possible, the drama of correction may still continue. But indeed before halving the good buy when the price drops like now.

coolcoinz

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Quote from: akmal1984 on November 24, 2019, 02:03:50 PM

my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities

You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened.
People are so easy to manipulate.

bitbunnny

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Quote from: Wexlike on November 24, 2019, 12:01:29 PM

Quote from: ?? on ??

Usually, price falls slightly on the weekends and the bear pressure continues to squeeze the bull side of crypto traders. The major altcoin pairs will go to check the dippest level of charts and the higher dominance rate also affect the total altcoin index. The risk management is necessary during the volatile trades, I use stop-loss orders in case of a flash crash to the next support level, it is impossible to keep under control leveraged trades too.

I assume many investors are waiting for their fiat transaction to clear on Monday. I strongly think that we will have some sort of upward pressure from Monday on up to the CME future contract ending on the 29th of November.

This is one possibility but there is no guarantee that Bitcoin price will rise from Monday onwards. This doesn't have to be only weekend correction, it might last a while. However I don't expect for price to fall lower than 600O$ if even it will go that low.

akmal1984

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my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities

Wexlike

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Quote from: ?? on ??

Usually, price falls slightly on the weekends and the bear pressure continues to squeeze the bull side of crypto traders. The major altcoin pairs will go to check the dippest level of charts and the higher dominance rate also affect the total altcoin index. The risk management is necessary during the volatile trades, I use stop-loss orders in case of a flash crash to the next support level, it is impossible to keep under control leveraged trades too.

I assume many investors are waiting for their fiat transaction to clear on Monday. I strongly think that we will have some sort of upward pressure from Monday on up to the CME future contract ending on the 29th of November.

AbuBhakar

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Quote from: dirgayeah on November 23, 2019, 05:12:16 PM

Yes and almost previous moment always happened like that. Whale said "Just pull the price down so hard, let another doing FOMO then take much profit when hit at the top" . But I still don't know, if this condition is the last time for dump.

This thread if I'm not mistaken is when BTC pump in the last days of October to early of November which said to be about China's President interest in blockchain. And seems OP subject of one more dump is what is happening now for no certain reason of what's going on in current market. This probably the last time to buy before halving happens again.

Naficopa

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I will quote my post from a few days ago:

Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

I do not know whether the statement by Willy Woo had an impact on the recent price drop, but you have to admit that these two moments coincided quite precisely in time...? What do you think about this? Could investors trust his opinion and "helped" it in this sharp fall in price?

dirgayeah

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Yes and almost previous moment always happened like that. Whale said "Just pull the price down so hard, let another doing FOMO then take much profit when hit at the top" . But I still don't know, if this condition is the last time for dump.

daarul50

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Quote from: Ayiranorea on November 20, 2019, 06:50:27 PM

Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

With every halving we experience almost similar pattern of growth. There will be drastic drop in the price of bitcoin, and followed by the same there will be some steady growth for a while. So the growth associated with halving can be experienced after few months of time. Upon this there will be continued dumping in the market which happens same as that happening rest of the days.

of course people now are tend to think and predicting this is a bearish lol.
if you scroll back to 4 or 10 days ago , you will see a lot of people with strong believe that before halving there should be a slight move up triggering the bullish run haha i feel like watching an opera with bunch of rookie actors on the stage.

there is only two halving has occured it was in 2012 and 2016 , just because both halving ended up with a skyrocketing price doesn't mean it will form to a pattern a similar situation , i have explained about this many times to people who wondering but who i am lol i am not wooconomic the one that well known crypto investor and advisor haha , just ignore me.

drachman

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Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

It will be interesting to see what happens from now on, the market is indeed looking bearish and if the miners cannot hold their coins and begin to dump them in the market there is a risk the price will go down even more, for a long time I thought the price will not go below 6000 but now that is a real possibility, while the price today closed at a level above 7000 there was a point in which the price went below it and if this bear market extends itself for months it will not be surprising to see those prices.

Ayiranorea

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Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

With every halving we experience almost similar pattern of growth. There will be drastic drop in the price of bitcoin, and followed by the same there will be some steady growth for a while. So the growth associated with halving can be experienced after few months of time. Upon this there will be continued dumping in the market which happens same as that happening rest of the days.

batang_bitcoin

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Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

It's even more interesting to read the argument of his commentors that his own analysis. Anyway, we can't depend on these analyses as they're also having a guessing game just like us. He's telling us that we're going to another bear market, then the cycle will be different this time. But we can never tell if it's going bullish or bearish before or after the halving. Let it go, bear or bull but everyone has the same expectation on post-halving.

Wexlike

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Quote from: Naficopa on November 20, 2019, 04:16:37 AM

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

LOL. Every halving the same arguments are put on the table, and then every bear is getting slaughtered. This time will be different ? Yeah sure, but your bet on it and go short for the pre halving/after halving bear market. I bet you otherwise.

Topic: One more dump before halving? (Read 1881 times)