the bitcoin price dropped a lot and it didn't take long to see the usual:
Why a Crazy Profitable Bitcoin Whale is Warning of a Brutal Crash
pessimistic news is spreading rapidly. If the price goes up we will see very positive news.
Topic: Tone Vays Stands by $4K Bitcoin Price Pre-Halving Prediction - page 5. (Read 845 times)
He’s probably got an agenda, maybe he wants to load up with a load of cheap coins or he’s managing a group of big players who desire a big price drop to load up with cheap coins pre halving.
It’s well known what happens to the price post halving so I can see why somebody or somebody working with rich people might desire one more big dip to buy cheap coins.
Nothing to see here, it’s an overly pessimistic prediction which probably won’t happen.
It’s well known what happens to the price post halving so I can see why somebody or somebody working with rich people might desire one more big dip to buy cheap coins.
Nothing to see here, it’s an overly pessimistic prediction which probably won’t happen.
Man, that would suck if bitcoin dropped to anywhere in the $4k range this year, either before or after the halving. But despite this guy's prediction (which is crazy bearish in a market that seems to be bullish), I don't think it's going to happen.
True, bitcoin did drop back below $10k in the past day but that was probably people taking their profits off the table, which is to be expected. To drop 50% would take some seriously pessimistic views on bitcoin on the part of a lot of investors, and I don't see that becoming the case this year. It certainly doesn't seem to be the mood of the market right now.
This seems to be one of those public prognostications which are made to keep someone's name in the news. Whoever Tone Vays is, he might really believe bitcoin is going down to $4k, but if that's the case I think he's a bit delusional.
True, bitcoin did drop back below $10k in the past day but that was probably people taking their profits off the table, which is to be expected. To drop 50% would take some seriously pessimistic views on bitcoin on the part of a lot of investors, and I don't see that becoming the case this year. It certainly doesn't seem to be the mood of the market right now.
This seems to be one of those public prognostications which are made to keep someone's name in the news. Whoever Tone Vays is, he might really believe bitcoin is going down to $4k, but if that's the case I think he's a bit delusional.
@The Pharmacist this guy is like the shepherd who kept shouting wolf is coming (when there was no wolf) just to be in the limelight, and he’s not done it for the first time as a quick google search about him will reveal that he’s given different bearish statements hoping to get it right. There’s in fact a tweet also which says that whenever he predicts something the opposite of that only happens, hence I’m sure his predictions won’t come true and we should not bother about him or his predictions.
Sources:
https://bitcoinist.com/tone-vays-defends-bearish-btc/
https://cointelegraph.com/news/tone-vays-bitcoin-must-hold-9k-for-2-3-days-to-secure-bull-market
https://bitcoinist.com/tone-vays-bitcoin-btc-wont-dip-to-usd-3000-again/
The wolf reference: http://www.eastoftheweb.com/short-stories/UBooks/BoyCri.shtml
@Pharmacist on the other hand, 4k means 2
5x more bitcoin for any income compared to what we'd get today...for another few months before the next "true" parabola.
I always thought this Vays guy (just a guess from how often his name crops up in a good way) was a bull but maybe he's like some of us. Long term bull, short term cynic. Better the pain now than later I say.
5x more bitcoin for any income compared to what we'd get today...for another few months before the next "true" parabola.
I always thought this Vays guy (just a guess from how often his name crops up in a good way) was a bull but maybe he's like some of us. Long term bull, short term cynic. Better the pain now than later I say.
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.
Dropping back from over 10k recently is only a movement within a positive channel. A sell like that is a positive but 4k would be to represent some failure.
Tone Vays doesn't have to be incorrect but the scenario he is talking about is remote and in such a short period of time, I wonder why he would bother outlining something not likely to happen and people will just think he is wrong. The only thing is if he believes the odds are very much higher then we consider and I dont get the information he is trying to convey, wheres this hidden rush of supply to unbalance the price down to 4k
Not that interested in him being wrong or right absolutely but Im missing the point of why he'd say that especially. 4k is on the map, it can happen but why he stated this path when we likely just stay on the road and drive right past as theres no way its probable without some transformation or event. Lots of news can and will be bigger then halvening, people are overstating it so thats as far as I can agree with him.
Tone Vays doesn't have to be incorrect but the scenario he is talking about is remote and in such a short period of time, I wonder why he would bother outlining something not likely to happen and people will just think he is wrong. The only thing is if he believes the odds are very much higher then we consider and I dont get the information he is trying to convey, wheres this hidden rush of supply to unbalance the price down to 4k
Not that interested in him being wrong or right absolutely but Im missing the point of why he'd say that especially. 4k is on the map, it can happen but why he stated this path when we likely just stay on the road and drive right past as theres no way its probable without some transformation or event. Lots of news can and will be bigger then halvening, people are overstating it so thats as far as I can agree with him.
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.
After touching the price of $ 10k maybe a lot of people are selling and they want to profit from now so that the decline is happening right now, but it won't be a big bearish because in my opinion it's only a correction and most falls to $ 9500 then the song will grow above $ 11k.
I am sure at times like this many people will buy and analyze bitcoin movements.
I am sure at times like this many people will buy and analyze bitcoin movements.
As always, Tone Vays is too bearish. He's a classic perma-bear.
He was bearish all the way up in 2017. Called the top at $7,500 and clung to it. This is another one of those times. I wonder how long he'll wait before finally flipping bullish. Probably not until the June 2019 high is broken.
I'm glad to see so many prominent bears in our midst. Tone Vays, Masterluc, Peter Brandt......all seem to be in denial about how bullish the market is.
He was bearish all the way up in 2017. Called the top at $7,500 and clung to it. This is another one of those times. I wonder how long he'll wait before finally flipping bullish. Probably not until the June 2019 high is broken.
I'm glad to see so many prominent bears in our midst. Tone Vays, Masterluc, Peter Brandt......all seem to be in denial about how bullish the market is.
Man, that would suck if bitcoin dropped to anywhere in the $4k range this year, either before or after the halving. But despite this guy's prediction (which is crazy bearish in a market that seems to be bullish), I don't think it's going to happen.
True, bitcoin did drop back below $10k in the past day but that was probably people taking their profits off the table, which is to be expected. To drop 50% would take some seriously pessimistic views on bitcoin on the part of a lot of investors, and I don't see that becoming the case this year. It certainly doesn't seem to be the mood of the market right now.
This seems to be one of those public prognostications which are made to keep someone's name in the news. Whoever Tone Vays is, he might really believe bitcoin is going down to $4k, but if that's the case I think he's a bit delusional.
True, bitcoin did drop back below $10k in the past day but that was probably people taking their profits off the table, which is to be expected. To drop 50% would take some seriously pessimistic views on bitcoin on the part of a lot of investors, and I don't see that becoming the case this year. It certainly doesn't seem to be the mood of the market right now.
This seems to be one of those public prognostications which are made to keep someone's name in the news. Whoever Tone Vays is, he might really believe bitcoin is going down to $4k, but if that's the case I think he's a bit delusional.
I don't think will fall so down, maybe it will go to 9k and after will go up again after halving.
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/
Jump to: