If you check previous articles about Tone Vays and his predictions, you will realize that he had some right ones and some wrong ones. Nobody in the world could be 100% right all the time without ever being wrong (at least that is what I think) but at the same time Tone Vays is a liked person with a good track record so I would give him benefit of the doubt.
Maybe he saw something that we are not seeing right now. I personally said the same thing about the halving for example, the current new machines are making difficulty go higher but thanks to them being bigger in hashes the people who will have the new machines will probably make a profit even if the halving happens and drops in half for mined coins. So the idea that "price has to double to cover the difference" is just wrong if you ask me.
Topic: Tone Vays Stands by $4K Bitcoin Price Pre-Halving Prediction - page 4. (Read 821 times)
Welp, I wouldn't put too much weight into what anyone has to say to be honest. Tone Vays is a respectable guy to me from what I've experienced in terms of his work and how he strives to introduce newcomers in the space to bitcoin without any BS... But to attempt and predict the prices of a market simply ruled by demand and nothing else, is just nuts. Crypto prices have low to zero correlation with real world events and there's no notable seasonality with halving even. Most would argue that it can be a force to lead prices up, and this sentiment could be having an impact on the market, but for a bearish prediction also? I just find it too unlikely that any prediction would be accurate, especially this one.
Let Tone blow up on shorting then.
But really, it might be in a trader's interest to pretend they're putting out a prediction while they're trading the opposite. It's one of the oldest tricks in the book.
Let Tone blow up on shorting then.
But really, it might be in a trader's interest to pretend they're putting out a prediction while they're trading the opposite. It's one of the oldest tricks in the book. 
Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/
everyone can make their own prediction and specially these people that called tobe "Prominent' or "experts"/they are the one who is bringing shakes in market.because they don't want to support each others instead they all wanted to have their Names marked.so Predicting different from each other is what they do if ever the prediction comes Closer if they dont get exactly then it will be credited to their reputation right?but if they made mistakes totally then who cares?there is nothing to lose after all?$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
we came from 6k$ last Quarter of 2019 so there is nothing wrong to come back that level but $4k?lol that must be a Joke. Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
but take a look at the histroy of the price . before that there was a huge bull , the price also fell down too much after it . im not wishing it will happen but im only comparing or basing on the past . for me i prefer if bitcoin will only rise and will only drop a few if ever people sells some because that will be acceptable by me and other people that join this business . but there are those peeps that wants bitcoin to go down hard , and i feel sad when i see them praying and hoping for it ;( .
Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/
How long has it been since we saw the price that low?I don't really think that it would really happen now as we could see we are so far from it and the market manage to hold it high.
And the halving are pumping up the price so why would it fall down to $4K?
Are those any followers who are really waiting for his prediction to buy? I wonder how long would it takes for your order to be filled out or if it would ever be filled out.
someone calling for $4k is not "being bearish" it is being stupid. a 60% market crash is not just going to happen out of nowhere when the market is already on the rise in a bull run. something terrible has to happen in order to be able to change the trend in the exact opposite direction and push the price down this low.
expecting $4k right now is like expecting $50k in early 2018 when price was falling from $20k, and is just as stupid.
expecting $4k right now is like expecting $50k in early 2018 when price was falling from $20k, and is just as stupid.
We've seen two bigger price crashes last year, one ~48%, another one ~38%, and no terrible event preceded them. Depending on how one looks at things, we still haven't left the bear market, although the outlook is much more positive now than two months ago.
well it is all about size and current ongoing trend in the market.
the reversal hadn't happened yet in your examples. for example the 48% drop happened right after the downtrend stopped at $6k and things were stable but not reversed yet we hadn't seen any major rises by that time, only signs of "end of bear market" which we later found out were wrong.
but now, the trend has indeed reversed and price has been going up for most of last year and is currently up >200% from the bottom and things are positive specially with they halving hype. so a drop of that magnitude (60%) is not only a crash but also a trend reversal and they don't just happen for no reason.
however a drop of smaller magnitude like 10 to 20% or even worse case scenario: 30% is understandable.
$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.
We wont see that low price once again yet we've been approaching nearer on the halving event where hype is already gradually building up.
Its no surprise that there would be negative or bearish predictions in times like these.We cant say that he doesnt have a point because we know that
this market can go to prices which we do least expect or simply shocking so i cant blame these people.
Technicals isnt precise anytime but there were always hard believers when it comes to their own analysis,.
Its no surprise that there would be negative or bearish predictions in times like these.We cant say that he doesnt have a point because we know that
this market can go to prices which we do least expect or simply shocking so i cant blame these people.
Technicals isnt precise anytime but there were always hard believers when it comes to their own analysis,.
Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/
There is only 3 months left. There will for sure be a halving pump. I simply dont see the time needed for this to happen. It is to late. December had a chance, now unless some huge economic catastrophic event will happen. Coronavirus was on the great path to it, but as it all seems Chinese are doing great in the fight against it.
^ That is a big prediction. I don't think the BTC will go that low this year. $4,000 is really low for BTC to get on that price. Not because the bitcoin dropped quickly below $10,000 doesn't mean it is the best thing to know that it will go down. Probably Tone Vays is just trying to put his name on the news and will confuse the people's opinion and analysis about the BITCOIN. I am not really sure where did he base his prediction but it really seemed to be delusional. They knew that they can influence the decision makings of the herd so they can take advantage of it. But I guess this time, they will not win against the herd.
The market will always tell us something else depending to whatever we want to see. Tone seem to want to see it drop. Some of the moving average and indicators I use are also seeing that it will drop but now sure when. Pre-halving is about 3 months from now. There are much to happen yet. If indicators shows the market already sinks while price stays more than 8k, then Toney could be wrong.
I don't think he might be correct because 4k is far behind low before halving right now we can clearly see a bullish trend and it's moving on, I cannot see any signs of bearish trend also I went through few articles and did some research on it where I saw it will maintain from 8k - 9k before halving. This is something unacceptable.
Nothing is unacceptable on a risky market like cryptocurrency. We have already seen more than 20% drops in one day on BTC price. Signals do not always have to appear for a flash crash to start. With such low capitalization, all you need is one whale to dump several thousand BTC to trigger panic sell. And in such a situation we can see the level of $4k even in less than two weeks.
I don't think he might be correct because 4k is far behind low before halving right now we can clearly see a bullish trend and it's moving on, I cannot see any signs of bearish trend also I went through few articles and did some research on it where I saw it will maintain from 8k - 9k before halving. This is something unacceptable.
Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/
I also think the situation will happen again and the bull run will not start until a few months after halving. I think that todays market optimism is too early. In the past, bull run always came a few months after halving, so whales still have a lot of time to make a big price dump. Of course, I hope that this will not happen, but in my opinion it is very likely and I fully agree with Tone Vays.
I don't see a bear sign anywhere as one of the most awaited triangles have been broken on both daily and weekly charts. This Tone vays who predicts $4k as the bottom needs to look some people's predictions who are deeply invested in this technology - Tom Lee gave a big statement that BTC will surpass Dow Jones and reach $40k before Dow does. I believe such statement itself counters these bears who are interested in making money shorting BTC. $8600 is the worst I'm seeing here and folks, don't worry about the bears, we're already in a big bull rally - this time it's gonna be extreme. There's one more fact that for BTC mining to remain profitable, we need at least $15k on the table in order to achieve better returns through mining.
3 months before the halving, so I'd say around 2 more months before his prediction to be confirmed whether it is true or not? Still, really though, who would believe the guy? That's a 60% drop for a span of only 70+ days. Unless the market suddenly went haywire and went down literally everyday by huge portions, there's close to 0 chance that BTC would drop to $4k in a few months. This isn't like the bubble of 2017, no it isn't. There's no bubble here, there's no correction to be made here, there's only BTC growing and rising.
Honestly, predictions like this just look like they are screaming, asking for attention. It's pretty difficult to ignore though, since he is quite known by some and predictions like this are well, quite entertaining to see with whatever reasoning they make to defend their stand.
Honestly, predictions like this just look like they are screaming, asking for attention. It's pretty difficult to ignore though, since he is quite known by some and predictions like this are well, quite entertaining to see with whatever reasoning they make to defend their stand.
I could sort of understand a notion that bitcoin one day may become 4k, however predicting it to go under 10k and reach to 4k before the halving which is in may is a bit off from all other predictions and even possibilities. I am not the one to say bitcoin will always go up and will never go under 10k ever again, I realize there are possibilities where bitcoin could always fall, however thinking that bitcoin will never be too successful or will never go up from here until the may halving period is a bit wrong in my mind.
Maybe he is right and we are all wrong, we will never know until that day comes but I can wager money on the fact that bitcoin will be over 4k before halving and will stay that way for a year or so as well. After which I can understand maybe it may one day fall.
Maybe he is right and we are all wrong, we will never know until that day comes but I can wager money on the fact that bitcoin will be over 4k before halving and will stay that way for a year or so as well. After which I can understand maybe it may one day fall.
someone calling for $4k is not "being bearish" it is being stupid. a 60% market crash is not just going to happen out of nowhere when the market is already on the rise in a bull run. something terrible has to happen in order to be able to change the trend in the exact opposite direction and push the price down this low.
expecting $4k right now is like expecting $50k in early 2018 when price was falling from $20k, and is just as stupid.
expecting $4k right now is like expecting $50k in early 2018 when price was falling from $20k, and is just as stupid.
A drop of the bitcoin price will happens likely after each rise, kind of correction but $4k! It is huge.
I expect something between $7-8k for a short time.
Wasn't he one of those 1k 'hyperwave' fans?
At least he has the courtesy to give a short term guess pulled out of his arse so we don't have to wait very long for it to go nowhere again.
At least he has the courtesy to give a short term guess pulled out of his arse so we don't have to wait very long for it to go nowhere again.
Again, this is Tone Vays, if we have a perma bull like Tom Lee, then this is his counterpart. And just for the sake of argument, Bitcoin hits $4000, so what we are going to do? of course, we won't just dump and be emotional. I guess we will hear again, weak has will be shaken.
And we have to understand that this so called experts have their bad/good intentions behind. So I wouldn't be surprised to hear it from Tone Vays, perhaps he is a perma bull, but might be secretly buying in dips.
And we have to understand that this so called experts have their bad/good intentions behind. So I wouldn't be surprised to hear it from Tone Vays, perhaps he is a perma bull, but might be secretly buying in dips.
Jump to: