Topic: Virus Bear Market? - page 2. (Read 1786 times)

I'm not a chinese or something that is related to China in any way but what do you mean by " If China let them know about it, they would have been more prepared" lol as of 2019 China is reporting a new case of coronavirus, the world did not just take it seriously especially the America. The fact that the virus can live to surface for days is the reason why it spreads quickly.
The world is not ready for pandemic, that's all. If we could have just built more hospitals, schools, medical facility of this kind we could have won this battle easily but instead countries are busy for researching a destructive weapon in case of war. Look at the world now with the silent war.

This virus took the world by sudden and I believe that's why a lot of things were ruined like this, because if they knew about it (if China let them know about it) they would have been more prepared about it and even if it does spread it wouldn't be as serious as it is now, and they will be able to contain it as quickly and as easily as possible.

So, it's because it came all of a sudden that's why everything was affected heavily. As for now, things are getting back to the top. A lot of stocks that were affected by the pandemic are now recovering and their price going back up. Even cryptocurrencies that crashed earlier have been increasing in price again.

But doesn't the halving affect Miners and has the energy electricity markets have come down in price to make mining profitable?

The market is already growing, and the halving has already taken place. Before halving the price did go up and then declined to $8.3k and now it has been moving up, around $9,100 when I last checked. This is not going to be the end, it's going to keep on growing and that's it. We are all not very sure where it's going to reach, but there has been a lot of wild speculations before now and some have been predicting that it will reach $50,000 or even above that, and some have kept it at $30,000. I really don't have anything to say of where it's heading, but I hope it goes for a better position, because the halving is something that we all have been looking forward to.

I do not think BTC will collapse due to the COVID-19 epidemic. It is true that this epidemic has caused the global economic recession. There are many bankrupt businesses and unemployed workers. Governments such as the United States and the EU have had to print huge amounts of money off the market to revive their economies. As a result, stock prices, gold prices and BTC prices have increased significantly after a severe decline. BTC from $ 3800 has risen sharply to $ 10k in the last few days. I think that by the time of havling, the price of BTC will rise even more.

In both 2012 and 2016, the market rallied in the months preceding the halving, then dumped before the actual halving took place. It looks like history is repeating again.

After the August 2012 rally, BTC crashed 57% from $16.41 to $7.10.

After the June 2016 rally, BTC crashed 40% from $779 to $465.

While I don't necessarily expect a 40%+ crash, it's a very real possibility. I'm slightly disturbed at the number of OGs who think only shallow (sub-20%) corrections are possible, and who seem to be sure we are entering a parabolic bubble. I think it's more likely we are in a mid-term accumulation phase like 2015.

Okay so the btc halving looks like it has been priced in already last week right?

Typically after each halving how much on average does btc dump by in % before resuming a bull market?

Last year btc had a mini bull market that reached $13k with no virus pandemic then. Afterwards it dumped 50% of its value to $7k then went back up to $10k before the virus dump to under $4k. With no economic pandemic doom last year why the price went from 13k to 7k then 10k? Who were the buyers and sellers then? Why the price moves up or down in £3000 range price swing patterns?

Do we expect to see mini bull markets and mini bear markets continuing with each price swing up or down with a price range of $3k meaning there are longer no more long years 4 cycle phases of a market? It will just be hard to predict random mini bull markets and random mini bear markets lasting just a few months until the virus uncertainty is gone? But then again why last year 2019 BTC didnt reach new ATH of $20001 in 2019?

Lastly will bitcoin halving make mining unprofitable and if miners leave then what will happen to the btc network?

Bitcoin is already deflationary at limited at just 21 million bitcoins available. The halving makes btc more rarer but how will this play in the markets that is mining profitability vs btc rarity?

Finally has energy electricity prices have come down like oil in the markets to determine miners profitability?

Btc needs to break the psychological pre-pandemic high of $10400 last Feb setting up higher highs if we know for sure btc will have a long bull market right.

 

Honestly $10k price is a psychological barrier that we are having trouble breaking over easily for years now, no matter how many times we moved over $10k we have managed to go down so I really do not know if we can do it right now or it will be like all other times and drop down.

In the end I feel like bitcoin was already around $9.9k and it has dropped like hell, that is ~1400 bucks lower than the recent peak. I have said the same thing last time we were over $10k 3-4 months ago, I said that $10k is just a psychological barrier, technically speaking there is literally zero difference between $9k and $11k, they are all the same however for some reason people see $10k price and start to sell. That 5 digit must have some sort of psychological thing in people's minds I suppose.

Ideally we should be in the 20K range, with a new ATH. Now the question is why that is not happening? Contrary to what the experts say, there is limited liquidity available in the market. As a result when some whale dumps his coins all of a sudden, the prices drop by 10% or 15% all of a sudden (just like what happened today). Unfortunately, this situation is going to persist for a few more years.

Did the price of cryptocurrency collapse? I think you are not seeing the right market.
I've witness bitcoin dip this year but I never loss my trust to it, and now it has pump to $10,000 before it drop, when it reach at $10,000, I have already made some good profit on that, and if bitcoin will dump again, I don't call it a bad market because once again it gives us an opportunity to dump.

Stocks does not dump most of the time, but bitcoin can dump and bounce back, they are different IMO as when we are seeing bitcoin will dump, we use to think it's normal because it will just recover soon, but in stocks we will have doubt as stocks are suppose to be stable. s

I can't believe there is such cycle either.
However there is a certain tendency and it is somehow tied up with timeline. I'm not sure it is sctrictly year-to-year cycle, I think there is a possibility for previous four year's path to be done in 3 years (for example) now.

For me, it isn't. The stock market are not similar to the market that we have. As the stock market having a rough time this pandemic, the price of bitcoin and other crypto currencies are having a good performance outperforming the stock market and even Gold. It is true though that the pandemic is affecting the crypto market but I don't think it is that bad as stock market.

The cryptocurrency market is similar to the stock market, not the gold market. The stock market collapsed, respectively, the price of cryptocurrencies collapsed too. Bitcoin is only conditionally called digital gold. The bearish trend may indeed resume after halving. If there is a second wave of coronavirus in the fall, the economic crisis will be even more devastating for the economy. The stock market, cryptocurrencies and commodities may show new price lows.

If people would follow of what is obvious then it will happen sooner or later than what it should be, coz man speculation these days are pretty massive.
I don't know man, it seems like people look at the market in a very technical way when it should be not simply because it is decentralized, people should not be relying on the technical side as it is just a past data hoping to happen again.
Of course we all do, we made the halving event an opening for gullible people, look where are they now, looking for the 24hour price changes.

if the 4 year cycle is real (and i'm not convinced it is) then 2020 = 2016. 2013 and 2017 were bubble years, which suggests that 2021 is the next one. there are two alternate possibilities to consider though.

1. the pattern is becoming too obvious so the next bubble will happen sooner (2020)
2. the 4 year cycle is a bunch of BS

there are probably still people buying based on the halving, and also people selling because they expect a post-halving dump, so i wouldn't call it priced in yet.

Do you think the btc halving has already been priced in at near 10k?

What year are we in that 4 year cycle?

Virus make bitcoin altcoin drop although this year have halving time, many moment bitcoin could not strong to go up after many countries faced with corona virus and give impact with many investors more saving their assets in cash money than hold with bitcoin and altcoin.

If we consider most of the reports for whales wallet transaction, they are still holding to there coin till now, over 2½ years . Most trades are very minimal for whales, this ones are very rich and may never consider trading those small pump and dump. we always believe we understand the process of dump and pump of bitcoin especially, it is more than the technical analysis. Am very happy the pandemic came this year not 2021 which could delay the bullrun more than we expect. I believe we are still in the 4 year cycle.

Many lost their way due to the low price of Bitcoin nobody could have imagined that the worth of Bitcoin would rise such a lot at a time when the Fiat currency crisis is looming thanks to the virus the very fact that the Fiat currency has stabilized has also reduced its price. Everyone thought an equivalent was the case with Bitcoin But Bitcoin doesn't depend upon the economy of any country It depends on market conditions You're immediately it is time to repair it and buy Gradually its price is increasing more.

Or maybe just because of the halving coming up. I think a lot of people thought that before halving the price of bitcoin will go down or they are finding a good price to buy to be ready for it but as the date is closing, the price is rising so people have no choice but to buy at that price; the price is slowly falling now, maybe it is just the time for the correction or for that time to buy.