The bitcoin halving, whales manipulations and its 2020 price valuation - page 2.

maydna

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Quote from: criza on March 30, 2020, 09:57:11 PM

This year could be different from the other halving because, many people are expecting the price of Bitcoin to go up due to the halving especially when there is a high possibility for Bitcoin to set a new all time high this year or the next. In addition, the current pandemic could support greatly the upcoming rally because, of the impending demand due to the quarantine for the outbreak.

But, as long as the pandemic is still at large, stock markets could still be down making the standing of Bitcoin low and might not break the barrier of $7,000 value next month.

It could be because right now, the price still low, and it seems it's too hard to break $7,000. Perhaps, these situations at the market will continue until the next month before halving or next month after halving. After that, we can hope that bitcoin price can slowly break the high price, and continue to reach the next high price.

It will always a new hope for bitcoin to break another high price, and we need to be patient. We don't know if that is because of the whale's manipulation or not, but one thing that we should know that we need to prepare for anything that can happen during this pandemic and be ready for what will happen with the market.

adaseb

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Quote from: Questat on March 31, 2020, 06:43:41 AM

Quote from: criza on March 30, 2020, 09:57:11 PM

This year could be different from the other halving because, many people are expecting the price of Bitcoin to go up due to the halving especially when there is a high possibility for Bitcoin to set a new all time high this year or the next. In addition, the current pandemic could support greatly the upcoming rally because, of the impending demand due to the quarantine for the outbreak.

But, as long as the pandemic is still at large, stock markets could still be down making the standing of Bitcoin low and might not break the barrier of $7,000 value next month.

We are facing a big crisis right now, it's different compared to the past, this is the worst crisis I have experience in my life, people can't operate their business and they can't go to work, the result will be the economic collapse.

One big reason for the pump is the FOMO, with people struggling with their finances, it's hard to expect a bull run at this time.

This is true however, go to google trends and the search term "buy stocks" is actually pretty high. Basically more search interest than in 2008-2009 recession. Even though people aren't working, there are many that got tons of money in their savings accounts and they want to get a good deal.

With bitcoin its no different. Its halving is approaching so less supply and with the fed printing money, there is going to be huge inflation and so makes bitcoin pretty attractive to those new investors. All it would take is some catalyst like breaking 2019 high or breaking the ATH and that would get the retail to flow in.

Questat

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Quote from: criza on March 30, 2020, 09:57:11 PM

This year could be different from the other halving because, many people are expecting the price of Bitcoin to go up due to the halving especially when there is a high possibility for Bitcoin to set a new all time high this year or the next. In addition, the current pandemic could support greatly the upcoming rally because, of the impending demand due to the quarantine for the outbreak.

But, as long as the pandemic is still at large, stock markets could still be down making the standing of Bitcoin low and might not break the barrier of $7,000 value next month.

We are facing a big crisis right now, it's different compared to the past, this is the worst crisis I have experience in my life, people can't operate their business and they can't go to work, the result will be the economic collapse.

One big reason for the pump is the FOMO, with people struggling with their finances, it's hard to expect a bull run at this time.

criza

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This year could be different from the other halving because, many people are expecting the price of Bitcoin to go up due to the halving especially when there is a high possibility for Bitcoin to set a new all time high this year or the next. In addition, the current pandemic could support greatly the upcoming rally because, of the impending demand due to the quarantine for the outbreak.

But, as long as the pandemic is still at large, stock markets could still be down making the standing of Bitcoin low and might not break the barrier of $7,000 value next month.

royalfestus

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The first bullrun had 100x, second bullrun was 33x and the next bullrun is predicted to be less than 15x. Is there any reason for the fall in the margin of pump at bullrun. I also feel altcoins made more profit in the last run than bitcoin but it could be the first know bullrun with a large number of altcoin, so it makes it difficult to make altcoin prediction in the next bullrun but I feel altcoin will always bring the profit that will attract more fund into the space for the next run

FanEagle

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2020 going to be a bit crazy and it showed itself already. We moved from 7k to 10k to 4k to now 6k and we are still going to see the halving and how the people will react to it and of course corona will no longer be a problem one day, we don't know when that will happen but eventually it will happen, all of that combined we have a ton of time to make a lot more movements as well. I can see bitcoin actually going x2 of this price and still going down a bit from that as well.

So, 2020 price valuation is a very tough decision. What I only know for sure is the fact that under 5k is not really sustainable for the long term, so we will not stay under 5k again ever, not saying it will never drop under that because it still could all I am saying is it won't stay there for too long.

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There are currently lots of complexities around the value of bitcoin as opposed to during the first two halvings, so it's effect may be veiled and it's impact will not be felt much in the market value.

The most important factor is demand and this is controlled by human emotions and influenced by the situations around them. If the halving triggers a recovery, it could become an attraction to the masses and increase the demand for it, and hence lead to an increase in the price.

Questat

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The last two halving were very profitable for investors, so I we can understand why people are hyping this coming halving, however, due to the unexpected crisis, I think we will have to break that good percentage of return in the past 2 periods, but I would still be find to see at least an increase this year, 100% would be good enough I guess.

exstasie

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Quote from: beerlover on March 29, 2020, 02:24:47 PM

Whales do not have a manipulation at this stage during the sell time. I mean they had nothing to do with the stock market neither. The world is just in a big ball of fire right now that we are going to end of times, maybe it is not as severe as that but many people think of it like that. I have literally read a news story about a guy who went to his nuke attack bunker type of place with all the things he needs and plans on not going out until all of this is over. A BUNKER, he is that much scared.

Now, when there are people who are actually that much scared from something like this, you can't really expect people to suddenly see this as a normal thing. It means it will take some time to recover and that has nothing to do with whales, it is just human emotions.

Yep, that is what markets do. They cycle back and forth between "the world is ending" panic selling (2001, 2008) and completely irrational over inflated bull markets (2000, 2007, 2019). These are psychological and emotional cycles. They aren't bounded by fundamentals. That's why it's impossible to predict cycle tops and bottoms. All you can really do is ride the trend and know that eventually the market always reverses.

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Quote from: Oasisman on March 30, 2020, 03:29:45 AM

One thing is for sure, if not because of the upcoming block halving, Bitcoin would have been in a bad figure right now.
It's true that there was a scam and dump from the plustoken that causes the marker to crash, but the corona virus was seriously causing a trouble in the crypto space as well.
Now, it's up to those who are passionate and believes in Bitcoin to rise and produce a very good profit when everything is back to normal, and the block halving hype kick in.

Many causes of bitcoin dump before plustoken and corona virus can also be one of them, if later we will see how the actual movement of bitcoin will be, we will see a good improvement, but during this pandemic do people still believe in bitcoin even though they will halving in the next month?
But I think crypto is getting a lot of response from the public so that in front of this halving happens the hype will come at the same time proving that the grip of bitcoin will be strong in the future.

Oasisman

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Quote from: noormcs5 on March 29, 2020, 04:02:02 AM

Quote from: oRiddle on March 21, 2020, 08:54:15 PM

I think Bitcoin will be very expensive and go higher every day

This was true one month before but now due to coronavirus things have changed dramatically. I am not sure if halving or other evens would have much impact on bitcoin. Everyone is worried about coronaviurs and they are not interested to buy bitcoins for profits etc. The financial market is fully effected by coronavirus uncertainty.

One thing is for sure, if not because of the upcoming block halving, Bitcoin would have been in a bad figure right now.
It's true that there was a scam and dump from the plustoken that causes the marker to crash, but the corona virus was seriously causing a trouble in the crypto space as well.
Now, it's up to those who are passionate and believes in Bitcoin to rise and produce a very good profit when everything is back to normal, and the block halving hype kick in.

Botnake

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Quote from: beerlover on March 29, 2020, 02:24:47 PM

Whales do not have a manipulation at this stage during the sell time. I mean they had nothing to do with the stock market neither. The world is just in a big ball of fire right now that we are going to end of times, maybe it is not as severe as that but many people think of it like that. I have literally read a news story about a guy who went to his nuke attack bunker type of place with all the things he needs and plans on not going out until all of this is over. A BUNKER, he is that much scared.

We can't say that, whales are still in control and they can use their advantage at any situation, whether the market is good or bad as long as the manipulators have the power to do their thing, they can always do that.

Quote from: beerlover on March 29, 2020, 02:24:47 PM

Now, when there are people who are actually that much scared from something like this, you can't really expect people to suddenly see this as a normal thing. It means it will take some time to recover and that has nothing to do with whales, it is just human emotions.

For the crypto market it should be normal, but for the stocks, it isn't as stocks are suppose to be more stable than crypto and less volatile, but at this tiem now, it seems like crypto is more stable and we have some good rise in the past few days too.

beerlover

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Whales do not have a manipulation at this stage during the sell time. I mean they had nothing to do with the stock market neither. The world is just in a big ball of fire right now that we are going to end of times, maybe it is not as severe as that but many people think of it like that. I have literally read a news story about a guy who went to his nuke attack bunker type of place with all the things he needs and plans on not going out until all of this is over. A BUNKER, he is that much scared.

Now, when there are people who are actually that much scared from something like this, you can't really expect people to suddenly see this as a normal thing. It means it will take some time to recover and that has nothing to do with whales, it is just human emotions.

noormcs5

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Quote from: oRiddle on March 21, 2020, 08:54:15 PM

I think Bitcoin will be very expensive and go higher every day

This was true one month before but now due to coronavirus things have changed dramatically. I am not sure if halving or other evens would have much impact on bitcoin. Everyone is worried about coronaviurs and they are not interested to buy bitcoins for profits etc. The financial market is fully effected by coronavirus uncertainty.

Spaffin

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Quote from: kentrolla on March 25, 2020, 12:20:53 PM

Quote from: coinfinger on March 22, 2020, 04:55:07 AM

I doubt this was a whale manipulation all together, sure there must be a lot of whales and it could be a part of it but we can't say it was 100% purely manipulation. However looking at bitcoin right now, can anyone say that it is not a perfect time to buy bitcoin right now?

Look at it, it has dropped insanely low for now, it is definitely undervalued like hell, the price will go up again just for recovery, it will also go up after halving, it will also continue go up after that, and with inflation of dollar we will see bitcoin going super high, when stock markets get a fresh money out of government that will make bitcoin even higher. So, as you can see there are tons of reasons how bitcoin could go up. All in all I think this is the greatest time in 2020 to buy bitcoin.

No, I think big whales are not a part of this downfall. The major drop was caused by the corona scare as the lockdowns are still in progress people's can't go out of home and they are selling their asset as they are running out of money, and yes this is obviously the best time to buy bitcoin as the price looks cheap. Hopefully Halving might turn as a turning point for your investment.

I am a little surprised by the fact that many cryptocurrency users consider the current drop in Bitcoin prices due to the coronavirus epidemic. Perhaps in a sense there is a certain decline in prices due to the sale of certain Bitcoin funds associated with panic, but for some reason it seems to me that the connection may lie in the losses of miners, which will become noticeable in the near future. It should be borne in mind that soon most of the equipment for mining Bitcoin will go to landfill and, in connection with this, the cryptocurrency offers on the market increase. The fact is that over time the requirements for computing equipment for mining bitcoin increase, the equipment on average has a service life of one and a half years. In addition, for the miner to be more productive and economically justified, in any case, you need to spend money on new, more technological equipment. In addition, I believe that after sharing the rewards for the miners, two, this problem will be more relevant.

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Quote from: coinfinger on March 22, 2020, 04:55:07 AM

I doubt this was a whale manipulation all together, sure there must be a lot of whales and it could be a part of it but we can't say it was 100% purely manipulation. However looking at bitcoin right now, can anyone say that it is not a perfect time to buy bitcoin right now?

Look at it, it has dropped insanely low for now, it is definitely undervalued like hell, the price will go up again just for recovery, it will also go up after halving, it will also continue go up after that, and with inflation of dollar we will see bitcoin going super high, when stock markets get a fresh money out of government that will make bitcoin even higher. So, as you can see there are tons of reasons how bitcoin could go up. All in all I think this is the greatest time in 2020 to buy bitcoin.

No, I think big whales are not a part of this downfall. The major drop was caused by the corona scare as the lockdowns are still in progress people's can't go out of home and they are selling their asset as they are running out of money, and yes this is obviously the best time to buy bitcoin as the price looks cheap. Hopefully Halving might turn as a turning point for your investment.

Ridwan Fauzi

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Indeed, if we see the privious halving were given a big effect for bitcoin price especially for the second halving i.e 2016 ago, bitcoin price from $700 to $20.000 I can't imagine how exactly it was happened.

And now the halving event will come again behind the pandemic which have given a bad impact for economic situation. Almost economic instrument like stock marker, oil and etc have decreased and in bitcoin price as well.

But I was interested when most of them haven't back to increase it doesn't happened in bitcoin. Because in a few days ago bitcoin was trying to increase again and give new power for all its investor to buy back again. Seem like we will see another all time high again.

jostorres

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By the end of this year I am seeing bitcoin going over 10k again, it is inevitable. Not only because there will be halving, that is one part of the discussion, that will affect the prices and the price of bitcoin will go up because of the halving for sure, it is happening on fifth month as well so that means it will have a lot of months before 2020 ends with halving as well so the price will definitely be affected.

However there is also an economic problem all around the world, there is an uncertainty, everyone is spending more money than they could afford to hoard and stock stuff and there is no business that is totally unaffected by this as well, so we are definitely in a big trouble but this has to end some day, this can't continue forever. Combining halving plus the recovery, price will be above 10k for sure.

coinfinger

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I doubt this was a whale manipulation all together, sure there must be a lot of whales and it could be a part of it but we can't say it was 100% purely manipulation. However looking at bitcoin right now, can anyone say that it is not a perfect time to buy bitcoin right now?

Look at it, it has dropped insanely low for now, it is definitely undervalued like hell, the price will go up again just for recovery, it will also go up after halving, it will also continue go up after that, and with inflation of dollar we will see bitcoin going super high, when stock markets get a fresh money out of government that will make bitcoin even higher. So, as you can see there are tons of reasons how bitcoin could go up. All in all I think this is the greatest time in 2020 to buy bitcoin.

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Quote from: oRiddle on March 21, 2020, 08:54:15 PM

I think Bitcoin will be very expensive and go higher every day

Bitcoin price will not be high in a short time, but it will increase step by step. We don't know when bitcoin price will be high, but if we have bitcoin from now on, and suddenly bitcoin price can jump to the higher price, then that will be a good time for us to sell the bitcoin. Otherwise, we will be too late to sell bitcoin at the highest price. The bitcoin price itself will not always increase higher every day, but it will go up and down every day, and in between that day, we will see the highest price.

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