It sounds like miners have making this way to become profitable unlike they get in mining. And it looks like the whales are not in control with market today but people are looking into the miner's cause. But what I see here is that almost all of us have not intention to sell their Bitcoin and this could help to fasten the recovery.
I believe that many we're expecting high during halving but the situation seems too different and that we have to accept.
Topic: Sudden fall in bitcoin price after successful halving, Post-halving prediction. (Read 571 times)
May 12, 2020, 08:18:27 AM
May 11, 2020, 05:22:55 PM
Not true necessarily, large reserves of BTC are a requirement for major trading. The most obvious or common example is casinos which require a float to cover bets but many estabslishments while profitable need BTC to cover the trade everyday. If Bitcoin is expanding and not impacted by this virus contraction meta then the miners are correct and do not have to sell to market in plain orders but can pass on coins in bulk in private arrangements and deals and that might well happen.
May 11, 2020, 12:59:39 PM
If the talks about the miners waiting for the halving before selling which caused the increase is true, that means we are waiting for a huuuuge drop eventually. I don't know if that rumor is true or not, and even if it is true that means we still don't know how long they will wait, maybe that dump was them and we are already over that, maybe they will sell like months later, I don't know whats going on, and I can't say I have any insider information neither.
However one thing is for sure, we are going to see some dump because price can't really skyrocket from day one unless there is some speculation going on. I see that dump not going for too long though, I see it doing a bit for a while but recovering after a while as well, we are going to see a yearly high this summer for sure.
However one thing is for sure, we are going to see some dump because price can't really skyrocket from day one unless there is some speculation going on. I see that dump not going for too long though, I see it doing a bit for a while but recovering after a while as well, we are going to see a yearly high this summer for sure.
May 11, 2020, 05:11:14 AM
I see we have had another dump, and there think the correction has a bit further to go. I'm bullish for the second half of this year, so I'm going to look for some chances to restart accumulating. In the meantime, there should be some good chances to try a bit of scalping.
May 11, 2020, 04:05:01 AM
Just as I have said, the huge reversal is now taking place. As of this posting, Bitcoin has already lost around $1,500 per BTC. That is at least 12% reversal in a matter of hours. Money is lost from this huge dip. At the same time, money could also be made from this. Again, let's enjoy the rough ride.
After that hard dump there is a slight recovery on the prices but now I can feel the reversal of the market which I was expected only after halving.So if prices fall down further then how this will affect the miners towards halving event? All miners will be forced to sell for cheaper prices. 
There is a news article I read around a week ago that says most of the Bitcoin miners are keeping their Bitcoins days prior to halving. I cannot confirm the veracity of that claim though.
Anyway, I think the miners are fully aware of the halving to come. They have braced themselves for that. If they have the capacity to somehow influence the prices, they might. It will be to their advantage if the price remains somewhat higher than if they would just leave it falling down.
The rest of the miners who might get caught with net losses due to the halving don't have to sell their Bitcoins cheaper. They can always wait for the pump. But they have the option to just stop their operation temporarily if the losses continue.
May 10, 2020, 06:37:39 PM
3k is possible in the context of a double bump in the curve to this virus effects. If a second wave was worse then the first as in the flu deaths of a hundreds years ago then that will surprise many and knock back the recovery seen now in many prices. That should not be happening with modern technology and understanding that we have but some will insist on ignoring all good advice and carry on until they catch and spread the virus to others, there's no doubt the greater free association coming up will result in a rise in cases and deaths, but how much we aren't sure.
The reason that matters for BTC price is the deflation and fear factor is a natural contraction to the economy and tightening to monetary velocity, usually that leads to lower prices everywhere. It could be a shock despite us knowing the nature of the danger now, the ease at which is spreads and damages people is still not pin pointed and we don't have a solution till 2021 so I'm not wildly bullish.
The reason that matters for BTC price is the deflation and fear factor is a natural contraction to the economy and tightening to monetary velocity, usually that leads to lower prices everywhere. It could be a shock despite us knowing the nature of the danger now, the ease at which is spreads and damages people is still not pin pointed and we don't have a solution till 2021 so I'm not wildly bullish.
May 10, 2020, 06:00:19 PM
I think we are going to visit $3k again after the halving.
Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Having those precautions isnt bad but those are way too deep and come to think that;Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Bitcoin/crypto market isnt correlated with Stock/forex market
Pandemic isnt really that much an issue
if you do try to look the market condition even into those circumstances above then you can say that we're doing pretty well here
in crypto space.
Going to 3 digit price is unlikely to happen.We arent hoping for fast breaking that ATH but we do hope for at least some good numbers
ahead.
I am more on the positive side as well, going upward in the next coming weeks or months. The sudden fall, though we were not expecting that to happen this early, is very possible to happen as big whales maybe are doing some sell off, but they will buy again. I don't think we will go back to $3k again. Even if we are still in pandemic, btc survives and trying to get back. It is really interesting what will happen after this halving, the next 24 hours will be fascinating to follow, what will be the movement in the market...
May 10, 2020, 05:48:54 PM
I think we are going to visit $3k again after the halving.
Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Having those precautions isnt bad but those are way too deep and come to think that;Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Bitcoin/crypto market isnt correlated with Stock/forex market
Pandemic isnt really that much an issue
if you do try to look the market condition even into those circumstances above then you can say that we're doing pretty well here
in crypto space.
Going to 3 digit price is unlikely to happen.We arent hoping for fast breaking that ATH but we do hope for at least some good numbers
ahead.
May 10, 2020, 04:43:15 PM
I think we are going to visit $3k again after the halving.
Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.
Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.
A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.
May 10, 2020, 03:46:15 PM
This is not what market wanted, nor it was what it expected neither. This is basically just correction, we have to accept the fact that we got high too quickly once again and whenever bitcoin increases too quickly that causes it to drop as well. I have an idea why that happens but I can't prove it. I think the price falls about 10-20% whenever it increases super quickly, because there is this market and the market is known and it goes up and down slightly and that is the regular days right?
Well, when someone buys a ton and stops buying there, people see this as potentially to sell without losing and they sell, buy lower. So, basically the increases IS the cause of the drop. If we went up slowly without giving too much change, we could have stayed higher but since it was quick, we also dropped.
Well, when someone buys a ton and stops buying there, people see this as potentially to sell without losing and they sell, buy lower. So, basically the increases IS the cause of the drop. If we went up slowly without giving too much change, we could have stayed higher but since it was quick, we also dropped.
May 10, 2020, 08:07:28 AM
Just as I have said, the huge reversal is now taking place. As of this posting, Bitcoin has already lost around $1,500 per BTC. That is at least 12% reversal in a matter of hours. Money is lost from this huge dip. At the same time, money could also be made from this. Again, let's enjoy the rough ride.
After that hard dump there is a slight recovery on the prices but now I can feel the reversal of the market which I was expected only after halving.So if prices fall down further then how this will affect the miners towards halving event? All miners will be forced to sell for cheaper prices. 
May 10, 2020, 07:21:18 AM
My thoughts too and the current resistance at $10,000 makes me still stand on my earlier prediction on the post-halving price.
when there was an insident involving the general of Iran, people hypothesized that they would see a war and the price of bitcoin started to rise, but had difficulties to overcome the $10,500 and whenever tried to exceed the $10,000 it dropped back to $8100, it seems that now with the manipulation of whales the price has not managed to exceed $10,000 and as there is also nothing to motivate people to buy many bitcoin, so the price will probably fall below $6500 in the coming months
One certain thing is the price is definitely going to fall
dropped $1400 in just 30 minutes
May 10, 2020, 06:42:49 AM
Quote
Except usually what the market expects is the opposite of what happens.
The big thing is consensus, when everyone agrees its dangerous in terms of possible reversal etc. I think the example of too many people standing one side of a rowing boat is a good explanation of why it occurs. So yea this halvening event is overplayed most likely, I've said that a few times because I'm quite certain only over time does the block reward in adjustment alter the market supply. Its tightening eventually but for next few months we dont see much alteration exception in speculation and perception across the whole range of market participants.
May 10, 2020, 03:06:15 AM
In days counting, having will come and we're almost there.
I was so shocked seeing the price of Bitcoin this morning when I woke up, it was drastically down. I almost tempted to cut my losses but I realized maybe it will have a resistance again. And I'm right, I saw right at this moment that Bitcoin price heading upward.
We really don't know what will happen when halving successfully occurred, but one thing I'm sure it will have a huge impact on the Bitcoin price but ain't know if it is downward or upward. Holding until your profit was there is enough for me.
I was so shocked seeing the price of Bitcoin this morning when I woke up, it was drastically down. I almost tempted to cut my losses but I realized maybe it will have a resistance again. And I'm right, I saw right at this moment that Bitcoin price heading upward.
We really don't know what will happen when halving successfully occurred, but one thing I'm sure it will have a huge impact on the Bitcoin price but ain't know if it is downward or upward. Holding until your profit was there is enough for me.
snipped-
So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?
We will see to it. Probably that is a good plan. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?
legendary
Activity: 2478
Merit: 4341
eXch.cx - Automatic crypto Swap Exchange.
May 10, 2020, 12:45:31 AM
Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?
Except usually what the market expects is the opposite of what happens.
Except usually what the market expects is the opposite of what happens.
Ok so "the sound like a good plan" part, got me laughing out of control because that was exactly what I was planning for, well said. Already planned to sell anytime within today if the price can't cross the $10k price mark but as always the market was way ahead of me. The market always has a way of getting us all surprised, imagine we praising bitcoin for gaining over $1k in just 24hrs and few days later it drops over $1.5k in just minutes.
Guess those who FOMO after that impressive run in anticipation of more price increase got disappointed with the sudden paused in price then FUD step in. Nevertheless the market will be interesting to watch in the few days remaining and those traders that will be fortunate to predict the market movement almost or accurately will make some decent profit.
May 10, 2020, 12:09:02 AM
Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?
Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago.
Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago.
Only a minority expected a halving dump, before or afterwards. Sentiment has been ridiculously bullish, with a strong majority predicting higher prices both before and after the halving. The direction of maximum pain was down, so that's where the market went.
We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.
Agreed. Unless today's high is broken, there's not much reason to be bullish short term. There was massive volume on that dump candle, and the market was (and still is) heavily long. Lots of trapped bulls now.
If bulls don't full retrace the dump in the next day or two, then I could see a ranging consolidation between $6K and $9K for months.
May 09, 2020, 11:18:41 PM
Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?
Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago. We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.
Hence if you bought in $3-7K areas in last few weeks, hopefully you took some profits already at $10K.
Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago. We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.
Hence if you bought in $3-7K areas in last few weeks, hopefully you took some profits already at $10K.
May 09, 2020, 10:16:46 PM
I expected the price correction before the halving itself but the things are happening the opposite for now. Possibly there will be a correction in the market but I am not yet decided to bet on it, probably I will keep on holding since I don't want to take risk on my profits. 
We still have around 2 days left. A lot of things could possibly happen within those hours. Huge reversals could take place in just a matter of an hour or two.
Whichever way, though, there is a risk. If you hodl and the price will rise, that's good for you, but if it goes down, you lost the opportunity to buy at a cheaper price.
Let's all enjoy the crazy and suspense-filled ride.
Just as I have said, the huge reversal is now taking place. As of this posting, Bitcoin has already lost around $1,500 per BTC. That is at least 12% reversal in a matter of hours. Money is lost from this huge dip. At the same time, money could also be made from this. Again, let's enjoy the rough ride.
May 09, 2020, 07:51:33 PM
Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.
Yes. It is called a bear trap. Last time it happened a bit before halving. This time because of covid-19 lockout price drop it will for sure happen after halving. Question is when it will happen. Probably is easier to speculate for price then for date. I would say at around $13000. Maybe a bit more.
Ha I guess I was totally wrong. We only managed to get to $10000 before the bear trap. I guess the upcoming recession did her part.
May 09, 2020, 05:05:09 PM
As per my previous experience, whenever the majority of the people think, the opposite of that happens. Everyone is thinking that bitcoin price will dump after halving but we never know how whales going to play out this time around. They can push the price to 12000$ making a fomo or a bull trap for us.
Conversing with about the previous circumstance which i totally agree with you and if people check the aforementioned previous of bitcoin there always be a sudden fall in price of bitcoin some few days before halving till the day halving will take place before the price later experience the rally market. Jump to: