Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.
the price will definitely drop, we have seen this kind of thing happen recently (if I'm not mistaken it was a few months ago) there was halving at LTC where the price started to increase a lot and after halving the price started to fall a lot. In the case of bitcoin it is easier to see that it will fall, why do I say that? when the price of bitcoin starts to rise a lot and the price of altcoins in relation to bitcoin starts to fall a lot it means that people are selling their altcoins to buy bitcoin, it is not bringing in fresh money to make the bitcoin price rise a lot and when the people who sold their altcoins realize that fresh money isn’t coming in to make the bitcoin price go up so much they’re going to sell their bitcoin and they’re going to buy altcoins again and the bitcoin price goes down again
Like they say, buy the rumors, sell the news, brace yourself guys because that's exactly what's coming.
pump and dump is a big cancer for the cryptocurrency market
The new inflow of inexperience investor hoping to benefit from the halving hype are likely going to panic when the corrections comes, resulting to the price dumping harder.
I think that such inexperienced investors have not invested a lot of money, people who invest a lot of money (whales) already bought when the price was low and will evict when they think the price is high and as a result the price of bitcoin will fall a lot . In the past I did not believe in the existence of whales and that disgusting scheme that they do, but in the past few months I’m starting to believe in the existence of whales and that scheme that they do
Currently, everyone is getting carried away by what will the pre-halving new (ATH) price of bitcoin be and not much concerned about what'll the support level of that new price be, to prevent it from dumping hard when the corrections comes.
we won't see ATH anytime soon
What are your price prediction or are you sticking with been optimistic of a continuous upwards price movement? Let's get discussing...
$13000 is the maximum that in my opinion can achieve this year