Sudden fall in bitcoin price after successful halving, Post-halving prediction. - page 3.

pooya87

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Quote from: stompix on May 07, 2020, 01:06:03 AM

who wanted to buy has already bought,

maybe; but if i had to bet i'd bet that not the number of those who have bought what they wanted to buy already is not that big. the Corona drama is still there and that's not all, there is a ton of fear accompanying that drama. there are a lot who are either scared to buy now or are wishful enough thinking there is better (lower) price coming and want to buy there.
the "new investors" are also in the same group. usually when they want to enter a market and see the media is scaring them off, they prefer waiting for a rise to start rather than entering. at least for a major resistance to be broken first.

The Cryptovator

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No you aren't the one, I am also thinking same thing that bitcoin price could sudden dump after the halving occasion. I believe most of holders wondering same thing and that's would lead for a massive dump. Instead of know the real reason of bitcoin halving peoples are more curious about price and that's how current bitcoin market experiencing a FOMO. There is huge possibility of price dump due to FUD. All holders will likely attempt to sell in order to take advantage from halving FOMO.

However, I believe we might see a dump upto $4K zone, I mean most likely below $5K. But not expecting below $4K. And regarding before halving price, it would be probably upto $10K zone below $11K, but who know. Let's wait for the halving.

stompix

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Blackjack.fun

Quote from: pooya87 on May 07, 2020, 12:36:28 AM

it still hasn't seen the rise to go back to pre-Corona-drama time.

I think that first, we must get over the Corona drama and this will take a while.
Yeah, the sentiment is bullish around the forum, but here is like preaching to the choir, who wanted to buy has already bought, there is no huge amount of $ that's going to come from bitcoiners to propel the price, you need flow from new "investors" (I hate this term) and I doubt it's the right time to wait for them.

As for the prediction, although I usually suck at anticipating things, I think we normally should see a small bubble forming now that will continue to grow a bit after the halving and then slowly deflating and the price returning to the 8-10k area as all are going to realize nothing magical has happen or will happen and this will continue for a few months unless we have some serious changes and some really good or bad news, and I'm talking about decisions at government levels. But, I'm more times wrong than right so...expect the opposite. Grin

pooya87

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historically speaking price has always fallen right before halving and after it things don't change at all. in fact the day of the halving and nearly a week after it is usually the accumulation phase. i don't see why this has to change now.

but there is one additional factor to consider now compared to other 2 halvings. previously we had a big rise then a correction of that mini bubble but now we not only don't have the big rise we are not even near having any kind of bubbles to want to burst and correct. before halving price was about $11k then Corona drama hit and price dropped unrealistically then it recovered. it still hasn't seen the rise to go back to pre-Corona-drama time.

cafetools

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No way, Bitcoin is more bullish than ever! All over the news people telling others to invest! Google searches at all time high for the word "Bitcoin". With this crazy pandemic people are hedging thier bets with BTC.

jackg

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https://bit.ly/387FXHi lightning theory

$6k or $5k would be a reasonable estimate for me at this point (although more of a guess)...

We saw a correction last time and were very close to the halving now (currently 4 days away)... The traditional markets also saw a growth back to where they were at the start of 2020, I don't think we would fall too hard (have a rapid crash) until they do. A pleateuing crash remains on the cards though...

CryptopreneurBrainboss

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Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down. Like they say, buy the rumors, sell the news, brace yourself guys because that's exactly what's coming. 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. 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.

What are your price prediction or are you sticking with been optimistic of a continuous upwards price movement? Let's get discussing...

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