Bitcoin Forum

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

Most likely, we will see another huge dump before the halving. One user posted in this forum (I can't remember the title) an observation of price patterns every halving of the network. Prices would go down months before it will happen, then would pump up since supply wouldn't be able to keep up with the demand. I'm also expecting it since whales would definitely take advantage of that event for their highest profits.

It's always the frequent situations that we're going to see when bitcoin price obtain the highest price. When halving takes place we can't stop price surges to unpredictable value, and we'll see it amazingly. Though volatility happens at random situations, it doesn't stop us holding our asset until such time it reaches the most commendable price.

There is no price gap on the current chart. If BTC suddenly  price pump again to 10k-15k in small time frame then expect another price dump. But in this market situation which possibly someone is manipulating, Expect more than 1 price dump before halving because they will enjoy profit on the FOMO of halving.

Well, actually if we speculate about the price of Bitcoin before halving there are many possibilities that can occur. And the fact is whatever happens later the whales have planned a scenario for this, all we can do is just follow the flow of their game. However for now I have prepared to buy some more Bitcoin before halving. Because in my opinion a big pump will happen in the near future and moreover I want to invest my money into BTC for the long term. I'm not worried and quite optimistic that in the next few months we can fly high again.

Most investors are anticipating that to happen before halving, but we don’t know how major players will play their card this time or maybe market could act different from past halving. Lets remember that history do not guarantee future results.

Possibly. A lot of analysis and research have come out about predicting the possible events that would occur before and after the halving of BTC in 2020. I'm leaning more on the dump side though, just based on past halvings, BTC has often experienced one and prices are regulated at the halving itself and a year onwards. The price would slowly pump from then and well, we might be able to see another ATH at that point though.

yes we are.
the price will dump from $40,000 down to somewhere around $28,000 which would make it a 30% drop which is normal compared to the previous dumps right before the halving. we have had similar situations before too.
although i don't get why you are interested in this particular dump!

Maybe, but I don't think that it's gonna be huge dump. $7000 around, not lower than this, and we'll definitely hit new ATH some time in 2020. Very huge dump will come back after new ATH hits methinks.

Not just one, there will be several dumps before the halving, that will be the chance to acquire more bitcoin.
Look at current price persist above $9K, hopefully there will be some corrections before it reaches $10K but it seems unlikely to happen according to current market circumstance.

The price of bitcoin still remain at the price of 9100$ and still we do not know if we might see again a big dump. We have been experience many dump in this year and do you think it might repeat before the bitcoin halving? , we also know that the movement of bitcoin is very unpredictable that's why always expect for a dump or pump. Most of the the prediction right now are on bull run so I guess it is totally true. Lastly, even we experience a dump I hope it will not be a big dump just like what happen few months ago where the price fall down at 3000$.

If about dump before pump, i believe that is happen. Not means i am agree if bitcoin price manipulated by whales or anything like that, but usually it is happen. Price of bitcoin dumped because people want cheaperp rice, and then make it pumped again. Dumped price usually can make other people panic and then sell their assets. And then when pumped again, they will regret and start to panic and buy bitcoin again which can make pumped price of bitcoin itself.

Never think about that since the one I see is numerous movements since I think there are so many people who trades with bitcoins. But I really hope we will not go through a huge dump since I want to see a good rally the same on what happen on the past halving and hope we gonna witness that since if that huge rally scenario would not happen for sure many people will get upset and find the next halving a normal thing coming.

We have a lot of time before halving, I don't think it's moment to sell and buy again after only because of halving

Remember that the market won't follow the same logic that everyone are thinking, so it's interesting to be prepared to all scenarios

That is very possible to happen. It do happened in the past where btc is approaching the bitcoin halving in 2016 the price slightly declined for a while and then got back up stronger and creates a unexpected amount all time high.

If whales do really exist and have a full control over the market this scenario will probably happen.

Yes, there might be.
This happened before if my memory is not mistaken.
They tried to make the price go as low as possible to buy more bitcoin preparing for a large pump that will happen.
As of when, that is the real question there.
Will 8k be the lowest or 7k USD will also be reached? What will it be? We will never know. We will understand it once the halving starts or ends.

Who knows? We might see even more dumps along the way as we do reach the halving event not only one but would really be on numbers.
We cant actually able to predict precisely on what would happen next.We are tanking on 9k price which is somewhat better compare on going sideways with
7k level.There might be some possible corrections leading back to the track but the question is on when? As a trader/investor, always look at on the price
if there are possible signs that would trigger out possible movement then take it as an opportunity.

The bitcoin market is so volatile that you really cannot tell which is price manipulation by whales from authentic market movement. One thing I know, when the price dumps, the opportunity to accumulate is open to anyone, not just the whales. There will be price manipulation, whether before or after halving. Question is, can we spot it and ride it like the whale does?

Wow, that's optimistic!  And very specific, too. 

I happen to doubt that bitcoin is going to get that high before the halving, and I honestly don't think there's going to be much of a rise beforehand, unless we've already seen it when bitcoin rose up to where it currently is.  I could be wrong about that but even if there is a bull rally before the halving, a 4x rise in what amounts to a fairly short time frame wouldn't be good and then I would *definitely* expect a huge drop in price.

Can't we all just hope for a nice, slow, steady gain in value instead of wanting bitcoin to rocket to the moon?

You can hope as much as you want, but "nice, slow, steady" are not words that can currently describe Bitcoin. It is appropriate to use words like explosive, volatile, unpredictable, manipulative, and if you want something stable and relatively secure, there are gold and silver as alternative investments. We must accept that the cryptocurrency market is very small compared to other markets, and therefore subject to manipulation of pumps&dumps. If you buy $100 million worth of coins now, price will jump - no doubt about that - if you dump that amount worth of coins, guess what happens?

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We have dumps a few times after price is hit $14 000, and this is the normal state of things. One should not expect that the price will be stable, and what we see is that price can not stay too long on same level. The current situation is saying to me that we should expect one more dump, for a simple reason - there is no power to push up.

A lot of scenarios are actually possible pre-halving, and having a huge dump before it materializes is one of them. We've seen it happen a lot of times, only for the price to climb back up after the exact event happened. This happens so as to make way for deep pockets to have an immense amount of profit at the end of the hype, and if you are a regular trader who appears to not know what's happening or read something between the lines, you might be missing out a huge payday weeks after the halving concluded.

Bitcoin is volatile anything is possible for the price of Bitcoin and as I look at it there can be dump because of manipulation and panic as well, And this month of November and December will still have a slow pace and a dump this November will sure occur but the year 2020 can be a relief for holders and newly investor as well because that will be the time the price can increase significantly, I don't know about all of you but I am pretty excited about the year 2020.

My guess is still to the downside until price closes strongly above $9600-$9800 and then above $10,000 by at least a 4 hr candle at which point I shall close my sell trades. Yet, I do see even now, that the daily candle is painting an up move scenario as price keep retesting and bouncing from a support zone. However, the weekly scenario and Elliot waves count tell me that as long as we do not have a strong weekly candle closing above $12,000 price zone,the impulse move is till down, at least I am looking at price dropping to $7,000 and possibly between $6700-$6400.

Halving actually is still pretty far away like 7 months from now. Even if there has to be a dump before halving there is a lot of time for such a dump to happen. I think we might even see a pump before the halving. It's too soon to relate current price action with halving which is going to happen after 6 months .
I think nice slow steady are three words which btc price has never shown. It has been ruthless fast and swift. I think it's the nature of this asset and we will still see a lot of volatility.

I don't think there will be a big dump now. People in 2017 were unaware of what would happen when bitcoin halving came and whales actually had the advantage of spreading fud then. One of these is that we lose bitcoin in our wallets when halving is came so we have been advised that we cash out our bitcoin and convert it to fiat immediately. So whales have had the opportunity to buy cheap bitcoin because  people think that there bitcoin will really gone when the bitcoin halving is success.

That doesn't make much sense and whales just did it for the price of bitcoin to fall.

we don't know what could happen, the big dump in few hours and price can bounce back right after an hour which could be enough for the whales to at least buy a hundred to a thousand of BTCs for their stash before the real pump cause by halving. if you have funds to wait for that to happen you can wait for it. for those who has nothing its just fine, they just miss the biggest opportunity.

Some traders are still waiting for 7500 but I don't think there's any reason for us to revisit that level other than the 50WMA that is around 7k level and works as a total bottom support for this trend, so the drop is possible but unlikely.
I think we will go up from here or maybe have a very small dip to retest the support at 9k again and go up from there. In a time like this it usually comes down to the news. Bullish news can take us up without a retest.

well no certainty that there will be a dump before halving indeed a possibility will always occur yeah ,the current situation may be different from history because crypto market strategies will always change with the uniqueness of prices ,expect anything so that the expansion of adoption occurs to make prices more mature

I spoke with a few friends miners. All but one are claiming they are holding all mined coin for the times after the halving. Their hopes are that the halving will rocket Bitcoin price at least with 30%-40%.

IMO there will be a vacuum before the halving instead of a big dump.

we are about 6 months out from the 2020 halving. let's look at what happened the last two times:

-the 2012 halving occurred in november 2012. from may to november, price rose from $5 to $13.
-the 2016 halving occurred in july 2016. from january to july, price rose from $350 to $780.

food for thought. ;)

i guess you are really paranoid to whales gaming,right ?
considering the fact from a few weeks ago , i dont see whales have a chance to playing fire game.
when btc drop below 9000 i believe someone overthere will backing it and buy more, blockchain is very influential in today's world,the first blockchain project is bitcoin.
and for god sake,halving will be done in May next year , 5 months is a long time for all possible possibilities.

Yes that's what even I am thinking about as every single user in this forum is aware of a possible dumps and I am bit skeptical if the whales will really create one more dump knowing that the market is already aware of their pattern or do something different to avoid it's traditional pump and dump game as the users might reach differently this time.

Yes I was kinda paranoid or confused whichever suits better due to the past events and it was like two different thoughts like positive in heart and negative or back up plan running in the mind and I am sure I don't stand alone at this situations, but after going through some facts and figures from experts who have replied to this post I am more confident that whales cannot risk manipulating the market as we are prepared for anything and there are people to back up bitcoin even if it goes down.

We don't know if there's one more dump since the market is very volatile and price manipulation is always around the corner. Which means there could be another dump that might going to happen soon. Let's just say there's a FUD created, then that would trigger the market for another dump. And besides, there are still six months left before the Bitcoin halving.

Actually I'm also afraid for events turned out since same as you I actually don't know if we can see a positive results on next following days since the ghost of what happened last year keep chasing me and actually I lost some money when bear market strikes. But hopefully that the prediction that we can see a good lift from the market will came true really since same as me I'm totally positive that we can get a great output the same on what happen last 2017.

That is also what the others are saying based on the previous charts. Before the pump that is believed to be caused by halving, there is a dump that happens. But we have very limited data on this except for the two previous halvings. Obviously though, the cryptocurrency environment is much different today than four years ago. So whatever pattern created by the two previous halvings may or may not occur once again during the incoming third halving.

Since price is volatile this is possible we could see the dump before halving. But, in my view it could not go deeper as the usual case it could bounce. Actually manipulation can happen but once there’s a dump of price an opportunity for some to buy back at lower price. A lot of possibilities can happen before halving so let’s see this coming months at what price it will heading.

I hope if somehow we are going to see a dump for bitcoin price, it will not going too deep. Perhaps, the price will adjust to $7k-$8k, and then after the price reached that price, it will start to increase and hit the highest rate in the nearest of halving. But if there is no chance for dump, I hope the price can slowly reach the higher price and break $10k first and stay at that price for a while.

Everything can happen in the last six months before halving, so the dump can happen too, but I think it still a mystery to us to predict what will be going on with the bitcoin price.

We can't say accurately but if there's another dumped it will serves as an opportunities to someone who still believing that there's increase that will
happen afterwards. Investors who are optimistic will not be worried but instead use the chance to buy more of those cheap coins that being sell around, wise investors loves to take every potentials and keep aiming for the bottom and keep it on hold  while waiting for the market to pumped back and bring decent benefits.

Halving is still more than a half year ahead, so i think many dumps is still possible to come because before people make the price pump after halving, they want to make a short profits from trading. So i think there will be several dump before halving and after halving price won't pump instantly just like in 2017 price pumped hard after 6 months of halving

Maybe more.
Bottom could be 7k and that is it. Time to buy at that amount or else you will be left out and then joining the FOMOs which will have little profit or maybe nothing.
Although it is manipulated by the whales, I think it will be easy to see it.
Once they dump it a huge number will be cut leading to a big fall.
I think some may have been asking by now if it is time to sell for preparation of a big dump.

For the beginning of this month, it seems that the price of bitcoin is still at the level of $ 9000, and sometimes, the price is almost back to the level of $ 8000, but I think the situation is still stable. if before the bitcoin pump price returns dump, I also feel that it will be at the level of $ 8000, and the worst is the level of $ 7000. but as people say, it is an opportunity to own bitcoin. it's like a discount before the pump.

Most likely to happen on next year's halving, considering we're about to enter the last month of the year. Where there's a lot of speculations about bullish run. Bitcoin's price are moving at the range of $9,100-$9,600, that means not a lot of people are selling at this mark ang might probably hold it until the halving.

Indeed, most of investor (be it whales or regular investor) want to buy bitcoin at the lower price, so they can have a lot of chance to gain many profit when there is a good news such as halving event comes.

But for me it depends on the situation of the market itself. I mean, it is impossible for those who have a lot of money/bitcoin to manipulate the price situation when the sentiment market is going good.

But it will be possible, when the sentiment market is not good and I'll bet there will be many whales who will their bitcoin so the price of will decrease for a while and its price will up again when the halving even is coming.

I don't like to see any dump from the current price, but I don't control the market and we know that this market is very unpredictable so it could happen.
Actually its not a big deal, it can dump as long as it will also bounce back strong like what happened recently.

What I am only hoping is that this year is going to be a successful year for bitcoin, I mean BTC has recovered with a good percentage already but at least we stay not less than $10,000 before the end of the year, I think its good enough.

I think the value of bitxoin could go drop between the range of 8500 - 9000 and that would be the last drop and it will bounce back to 10k and i think the altcoins value could go down once bitcoin rise up.

That's why we need to wait until it goes dip and take advantage of cheap price and we can sell it and make a lot of profit.

I think we could really see a huge dump before the halving occur for the whales to gain more BTC at a lower price,
So my suggestion is try to hold as much as you can and don't try to follow the huge dump don't sell your BTC before the halving.
Try to keep calm while the market is being played and hold your crypto for sure they would try to accumulate as much as they can so we should also do the same.

This one pumped me to buy for more lol. Thank you for your reminding.

I think in the short term the price will go down but it will not be able to go too deep. Perhaps Bitcoin will return to the price of $ 8000 before rebounding.

fluctuations that are only around $ 8-10 thousand do not have a strong essence and are only limited to manipulation, if we want a golden cross aimed at halving events, it must be pressed further down from the average height. It will look bad for some time but it will have a very natural reversal wave, altcoin will look bad if Btc does, but in the end the quality of those who survived will be seen.

No! We won't have another huge dump before halving as that will put crypto in danger. We already have the HUGE DUMP from 20k$ to 3k$ , what do you want more ? 1k$ ? It won't happen. Maybe we will see a flash drop to 7k$ but that's gonna be the last time Bitcoin will go under 8k$. As you can see history didn't repeat like the previous one so why it would happen now just because last time we had a dump before halv ? Buy now as its still under 10k$ , don't speculate Bitcoin too much.

You're not alone with your failures mate, I also did fail from previous green market due to wrong expectations. The motivation that made me decide to hold for long term, turned out to be frustrating after seeing my holdings got very cheap value in recent bearish period. Predictions may come and go, but what's most important now is to have more courage while facing big challenges for next year, as many articles came out a positive outlook for the market.

Whales are too genius and they have a better plans to make profit but we can’t know if this is just a manipulation or not, all I want to happen is that for bitcoin to stabilize beyond $10k right before the halving. No more big dumps hopefully so we can expect new ATH after the halving, whales should behave well right now and start to consider those small investors like us who are just holding and hoping for good prices.

Whenever I want something to happen, it never happens!  ;D

On that basis, I think it could dump but only after a pump e.g. 40000 to 30000. I can't see it dumping from where we are now.

The market has been having some extreme form of volatility but i doubt we would suffer that massive dump you are talking about. Definitely most people are happy about the upcoming bitcoin halving and a massive dump before that would be a strategy to squeeze the hands of crypto noobs of their bitcoins. Don't fall for any massive dump if it ever comes because May 2020 is just around the corner.

Manipulations are happening all the time and some can be a big success while others are just like a firecracker that failed to show its prowess. Anybody who has the influence and power to manipulate can always do it anytime. Right now as I am making this post, Bitcoin stands at $9,436.75 USD with market cap of $170,143,249,121 and $27,108,283,429 volume for the past 24 hours, at 67.3% market dominance. This is quite a good improvement from the $9100+ I saw yesterday which I assumed might have been headed to the $8000 region but thanks to the heavens that I am very wrong.

Now, can there be another dump before we can expect for that dreamed BULL RUN? Frankly speaking, anything is quite possible here. I just viewed a YouTube video from a self-proclaimed expert of the possibility that BTC can fall hard into 50% less of its current price. Of course, I don't believe him because I prefer to maintain my positive outlook for Bitcoin no matter what. The thing is that while we are hoping for the best, we can't ignore the worst.

 

 

i could easily see another drop before the big rises begin and the possibility of it is high enough to be considered. BUT a 50% drop is no longer a "drop before rise" it is a big ass crash with a size that is not even common anymore! a "drop" is like a small 10 to 20% drop anything bigger than that is simply impossible without something massively negative such as US banning bitcoin out of nowhere for example!!! otherwise bitcoin has already had lots of gigantic drops that there is no more room left for anything big specially since price is already below the intrinsic value.

It could be happen. If we see from what people want, of course before pump they want to buy more bitcoin in cheaper price. But to speculate about what they do for it, actually it is hard to predict now. Because in other side, a lot of people will keep buy it too when they look it is good price to buy. It will all depends on how much people who panic if price look dumped because some of it usually panic and sell their assets in cheap price. Demands and Supply this time will really have big affect.

If the price can down into $8000, then that will be a discount, but if the price stays at a rate now and start to increase, then we might miss the last chance to buy more bitcoin. Bitcoin price seems to get stable at $9000, but who knows, that will go just for temporary because we don't have the right sign to predict where bitcoin price wants to go. We could only wait for a while, buy more bitcoin if the price finally gets down, and hold it again until the price can jump to a higher rate. But if the price will only get down back, we need to have more patience.

Yes after I made this post I did some more research and read some similar articles to check user's opinion and realized this time people are aware of possible dump and they are prepared for it unlike previous dumps as the market and users are becoming more mature day by day. I doubt if there would be any dump as manipulators might plan something different this time.

We always blame whales for price manipulation but I don't think they have such influence. In fact I don't believe that Bitcoin market is manipulated.
The price is more or less stable now at around 9000$ but some corrections are still possible. However I don't expect bigger dump but price might get to 8000$ again before halving.

yeah maybe bitcoin will dump before halving in 2020. and this also provides a good opportunity for us to add to our bitcoin. I use bitcoin for a long term investment. I'm not too worried if bitcoin dumps because I'm sure after a dump bitcoin will pump again. investing in bitcoin does require patience and also don't use emotions when investing in bitcoin. so if in the next few months bitcoin goes down I will not be afraid and will hold it.

Indeed. One more dump and bitcoin will start halving, so i think bitcoin halving might happen in the starting year of 2020 because in this year of 2019, bitcoin is trying to recover it's price due to it's downfall. But as i can see bitcoin's price is still not yet increasing since the month of October because bitcoin is not improving it's price up to $10,000 and it only stays in $9,000+, so i hope bitcoin could go to the moon again in the near future.

Everyone who invest in the market believes that the market is going down because of manipulation by whales and if that is the case why we see people selling during that period, do these people have no media knowledge and wake up one day and start selling  :P. If everyone thinks and believes that these price of bitcoin is going down because there is manipulation they can wait for the recovery but that is not the case. In short there is something above manipulation for the market to go down, people trade in a market according to the market situation and if you are not comfortable in selling at that point you are free to hold your coins.

Too far from what I am looking at.
That is almost moon.
Is that a practical number for this year or the year of the halving?
Before it can take that much value we must pass the last ATH again which had been too much questionable in the eye of the world government.
How do you think bitcoin will end up to that price? Or are you just fooling around?

Bitcoin has seen the moon already. I don't think there is much more in it than the price to trend up from here, which is perfectly fine considering the fact that it allows people to comfortably accumulate Bitcoin.

People usually only care to touch Bitcoin when the price is pumping, but that usually is a sign that you have missed your buying opportunity.... your aim should be to sell into a pump, not to buy.

For the people who always buy and sell too late, but don't know where they go wrong, just do the exact opposite and you'll notice the difference directly.... that's how I turned my losses into profits when I started initially.

If that dump really come to pass then it will be another ample opportunity to buy and hodl I believed speculators are using previous price history to predict the likely pump before halving however with the look of things its likely that the price might not go down below $9K thus denying us another opportunity to buy low and hodl expect if there is another whale manipulation.

Personally, I think that panic sell will not come before halving. Maybe some corrections, but I predict a slow price increase untill next bull run around halving event.
However, all my friends who uses technical analysis (I personally think that it doesn't work for cryptocurrencies) say that everything indicates that before the next bull run comes, there will be another big dump.
Hopefully not..

No guarantee that we wont be heading back into those numbers.We already make such speculation back in the past having that common line "we wont go back into the price of XXXX" but what happened? We go down into that level and btc broke on anyones hopes and speculation. This is what makes this market very unpredictable. Dumps doesnt only happen once in the way when we are still approaching the halving event.It would either just slowly climbing or it would compose a wavy move of rise and dumps along the way.

According to Bloomberg a dump could be imminent :
 
Bitcoin Enters Selling Trend as $10,000 Level Serves as Barrier

Following October’s rally, a technical indicator is showing that Bitcoin is entering overbought levels.

The cryptocurrency’s Global Strength Indicator, a measure of upward and downward movements of successive closing prices, is nearing the 70 level, meaning its price is likely to soon decline after becoming overheated.

The price movements resemble when the digital currency traded around $12,000 in August, but failed to break through the resistance and then suffered a drop, losing about $2,000 a coin over the following two weeks.

Bitcoin faces solid resistance at the $10,000 level, with investors having difficulty valuing it given continuous debate on whether or not it’s an asset or a currency. For many investors, Bitcoin will need to break that barrier for confirmation that meaningful gains could continue.

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHzN8rUtIxbA/v2/735x-1.png

https://www.bloomberg.com/news/articles/2019-11-05/bitcoin-enters-selling-trend-as-10-000-level-serves-as-barrier

Usually there are two dumps after a major bitcoin halving but there is no guarantee to that. Normally, after a bitcoin price halving we might see two different bitcoin dumps before the next bitcoin halving. The real issue is, the market may go up instead of going down because the dump is not permanent.  

no matter what i wish the dump happens more often so i can compound more bitcoin for the day that it will skyrocketed to the moon.

before or after the halving , it is almost a sure thing for me . make it $6000 again please anybody? whales ? dump it all please hehe
we should not ignore the fact that bitcoin price was so impossible to reach $10000 in 2009 2010 2011 , it is similar situation now that 1 bitcoin= $1 million dollar is impossible but not impossible in 2030 2031 2032? think for the long term and you will not gone MIA .

we are still considered as an early adopter as less than 5% of the total world population has not been using bitcoin/involved in cryptocurrency, the chance is widely open.

I disagree, the whales do have that kind of influence look at the difference in which the price of bitcoin began to go up months ago, it was a slow growth that at first did not seemed as if it was significant but it was, that is the sign of a healthy growth and take a look at what happened one week ago when the price in a period of 24 hours jumped 3000 dollars, that looks manipulated to me and since then the price has not being doing much and there is no hope it will do anything unless the whales keep playing with the price.

Maybe yes specially those smart ones. But nevertheless it won't have probably a huge effect on the market. What's for sure for now is that in the incoming halving we might be able to experince a sky-rocketted market hoping it so, but it never failed since the last two halving way back then. But what I fear the most is that what will be the situation after the halving? Probably next few months after that and so on.

Maybe this is possible because whales think it will make a big impact for the price of bitcoin to fall. This would create a fear for other bitcoin holders to sell their bitcoins as well. It is often the case that whales dominate the market and we should also follow them so that we are not stuck in the situations they create.

So no matter what happens we should always be prepared and let us keep pace with the waves that whales will make.

If with the price of Bitcoin happen the same as during previous halvings, in few months after this event we can expect a large price drop. But the topic, concerns what will happen before the halving event - and in my opinion, if someone did shopping now, he should just sit down on the sofa and wait for the bullrun and not worry about what will happen with the price until halving.

If there is a dump again, then I am sure it's because whale who wants the price of Bitcoin to fall then they buy when the price is cheap. But actually we can also make it as a moment to buy Bitcoin and sell after Halving Bitcoin later. The price correction will still occur before Halving Bitcoin and I think that is a natural thing.

It could be whales manipulation and I must confess to you that they really know how to play their games very well, they are really taking advantage of their financial strength, so there could still be a major dump ahead of the halving of next year which would make them to accumulate more of those coins, but now that we are beginning to study them and understand their ways of operating.

 I think what we should just be doing too right now is to accumulate anytime that they crash the market and then sell anytime that they pump the market till further notice when bitcoin will get stabilized and they will not be able to manipulate the market again, then, the real purpose of bitcoin establishment can be really achieved when all the coin has been mined.

There is a big difference between a price correction and a dump. We can see price corrections on the charts almost every day. Dump is a decrease in price by a minimum of 10%. I think the whales will try to make some shady game and trick the market, but if this happens at all, I don't expect to see price below $7000.

I think the decline will be more of a spiral of lower aspirations in the period prior to any halvening type hold helping price to find a footing and even rise some.
   We had a bit of a sell just now I see but its come back right away, I'll post the 1 minute chart because this price history evaporates quite quickly

https://i.imgur.com/h5zKwHR.png

I would post the smaller chart but I hate having to zoom for any detail.    Better conclusions come with wider time frames, bigger bars 4hr is a good one imo.   But this topic question I think is probably best suited to daily bars and we are still above the 200 day average, this blip down was a brief break below.  

The current market all the investors are concentrate the Bitcoin, so it will not going to backward soon. But everyone know the Bitcoin volatility so current trend it will raise further days so no one think again it will back to 7k USD. Nowadays price correction is never affect the investors, but huge dump will happen peoples are afraid. I hope Bitcoin will grow continuously in future days.

I dont think bitcoin will dump before halving.

As you can see the movement of the price of bitcoin it seems that we might see a rather stable market or if not the price might remain or stay at the price of 9000$. Se do not know if this price might fall or might rise. For me, if there will be a new coming bull run in this last quarter of the year 2019 we might expect that before the bitcoin halving the price have a chance to surpass its all-time high price. I still believe that its more on the bull run than in having a bear market.

Let's just hope that the next CME futures ending won't start this crazyness again. ^^

There is a speculation roaming around that the value of bitcoin will go down between the range of value 7500 - 8500. So we don't know if that will happen soon but i think it might happen and it might go down until 9k.

And there is a major support holding until 9k so if that will break then it will plummet for sure,

from the historical record of Bitcoin over the years, Bitcoin has increased after halving, but we can predict it precisely, whether it will become reality or not,
because we can conclude it ourselves when BAAKT fails to make the price of bitcoin explode !, whereas the community predicts that after BAAKT bitcoin will explode

We always witness this kind of situation every time there are halving but I think this time if the price will dump, it will have a hard time to increase again. Just my speculation, I don't see some improvement with bitcoin this year but hopefully, I am wrong and let's wait for bitcoin to make another ATH's or if not, more than $10k will do.

After every dump there used to have big rise, but we don't know how long it takes for a price pumping after dump. From my view this time if there happens price dumping it'll get recovered in a very short time as we're just one and a half months away for the year end. Everytime we will experience growth by the year end which is a promised way, so if price gets dump good is to buy.

price decline occurred again at the beginning of November at this time. if after this the price of a bitcoin pump, then it will be the right prediction. so far, bitcoin has lost more than $ 500 in a short amount of time. that's about 4 to 5% of the initial price.
I haven't found anything that has made the price of bitcoin go down now, but it looks like the price of bitcoin will rise even higher this month.

Long term the price is just related to dollar declining which is generally true and likely to continue, by design even nowadays.   Then we just have to consider if Bitcoin population is rising, those in combination likely bail out Bitcoin from any dip no matter how hard the sell off might be in the moment.    Just like the spikes upwards, most of the price move is speculators and not truly a direct representation of market sentiment for actual holders and users, the less mobile in their affections are the ones who decide the direction for Bitcoin in the end and the rest try to guess its strength shorter term.

The price is increasing bit by bit now. It's a slight dump. It will get to $9k again, I hope. It will be sooner than what we expected or later. Especially with the news about cryptocurrency is on good track.

I'm not surprise if there'll be one/two more dump before halving. As you see whales are trying to stock bitcoin as cheap as possible. We won't know for sure what the whales up to, especially when they're trying to move the prices as they wanted to.

I have analyzed it here (https://bitcointalk.org/index.php?topic=5043315.msg52883547#msg52883547), if we follow the history of bitcoin prices from the beginning maybe we will understand much better, why do people complain about falling bitcoin prices and dump always dump, because they are new people coming in 2016-2017

so they have never had a hard time before in 2014-2015 what was felt at that time was almost the same as this year, so for me it's not a problem and you don't have to worry about dumps happening before halving, you will know if you look at history before

Im stucked between expecting another huge dump or direct continuous pump. Most of the investors are now frustrated of the lack of price increase on the market value of cryptos which gives them doubt for doing so. We hve seen how long is the dump occurring up until this point. And maybe if there will be more, more people might quit this industry. Let's hope that the next thing that would happen, is something to look forward for next year, since this year is about to end and many assumptions are being formed.

The dump is over, quote me on that. Now it's a slow rise to the upper level of the trading range with maybe a few outbreakes over 10000$.

https://i.imgur.com/sfe1beL.jpg

I really like this long term perspective, so don't get your arms shaky. It's going to be a wild ride, no matter what.

Probably this is it, one more pump and it will lead to the next halving and continuously rising upward until the next halving will come.
I am quoted your post as well and come back after 1-2 weeks let see what will happen to the market.
Unpredictable, yes that was the market but hopefully this last pump up and then go for halving.

I almost always remind and say almost all of my social media since 2018 even in this forum, I see the same history, what I catch on your charts is the same, the thoughts that always bother me

2012 - Bitcoin halving
2013 - go to the moon
2014 - hacking problem from MTGOX and others
2015 - Bitcoin prices wake up from the downturn
2016 - Bitcoin halving
2017 - go to the moon
2018 - the bitcoin problem is usually about HACK
2019 - Bitcoin prices wake up from the downturn
2020 - Bitcoin halving
2021 - try asking your grandma?  ;D

Agreed, market speculators are the one who make price dip and the direct representation happens when there is something positive happens in the crypto ecosystem. Halving causes the direct representation of the market changes, and now what we experience is the effect of speculation.

As if there is a big changes in this market, even before, people are still speculating that's why the market remains volatile.
We should get used to it and play the game the way it used to as that's our only chance to be satisfied here and we can avoid complaining because we embrace that norms of the market that looks abnormal in the eyes of the people who are more into traditional trading or on traditional type of investments.

It looks like your charts are very similar to prediction made by someone (it is not my chart and i don't remember where i found it) on this chart:

https://i.imgur.com/QFzEJ3a.png

This chart was made in July last year and we see prediction $3000 in October this year. It didn't happen, but maybe we will see one more dump.

It seems the speculation is somehow correct, BTC is currently at $8300+.  It seems whales are keeping the price down to accumulate more in preparation of the Bitcoin halving hype.  Probably we can see a huge Bitcon price surge after this dump as the halving gets near.

Whales are desperate and they are working hard to trigger a big dump on the bitcoin price. They wanted to catch as many bitcoins possible from small time investors. Whales know that we cannot stop bitcoin growth long term because of halving and more adoptions around the world. There'a also the hype of another price surge this December. 

Seeing the past patterns it might be possible that we witness another dump in the market before the next year halving and after that prices will pump to high levels.Prices are fluctuating between $8500-$9000 and they can drop to $7000 or low but soon they will cross this price zone and rise to high levels.So hope for its betterment.

The possibilities are still there, since fluctuations are part of this market, once we see good bounce correction take place. But if you will plan well and take this as an opportunity to invest more it will bring huge benefits after some years of holding. The current dropped is a good position to buy coins and hold till the halving take place, big chance to earned a lot of you will trust the system.

Now I wish what I have posted doesn't come true even though I know these dumps are temporary but still it can inflict damage a good amount of time as everything we have not seen any expected pump so far but expected dump never fails us. I hope this does not send a panic wave across the market.

if the price drops close to $ 7k it's a good idea to buy again. I think, yesterday the price of bitcoin will recover, but unfortunately, the price has dropped back to level $ 8k. I am sure, this is the thing discussed, dump before the pump. other than that, I'm not very sure that the price of bitcoin will drop below $ 8k this month. I am sure, bitcoin will survive at this level before returning to higher prices. an opportunity for those who want to buy bitcoin before the price really pumps

Isn't it usually like that? there is always a correction before bitcoin prices to the moon. but it is also very possible if it is a manipulation of a large company to get bitcoin at a low price.
so if this dump happens it's a good for us to buy as much as possible. but I'm sure it won't go down under $8k again.

I don’t think that investor even panic again when they see price dump because it has become part and parcel of them right now as they  are already used to it, and the reason why it does not bother them again unlike other altcoins is because they have built certain trust in bitcoin to a level and that level is what is making them to keep believing in the future of bitcoin.

All these bitcoin investors that are already grounded in the system already have their plans to make the withdrawal of bitcoin in future and not now, so even if price dumps, they know that it is normal and would rise again once there is a recovery. Like me, when I see dump, rather than panic, I quickly take advantage of it to buy some coin, and then trade it for a higher price later.

People are positioning for a major dump if ever that happens that is why we are not seeing major pump right, investors thought that a major dump will happen because, that's always the case every time, there's a coming halving, I am also hoping there is one so I can add more, we all want profit and the halving is our biggest chance to recover all your losses from the previous trades.

The market has slowed down considerably and it doesn't seem like it is going to accelerate anytime soon, with that in mind I cannot see the price going above 10000 before the end of the year and it is likely that we will close the year with a negative trend, but no one should be too worried about it the halving is too close and this should be enough to attract enough investors so we can avoid another crash, but even then it is not going to be enough to get to another ATH.

Maybe more. Bottom could be 7k and that is it. Time to buy at that amount or else you will be left out and then joining the FOMOs which will have little profit or maybe nothing.
Although it is manipulated by the whales, I think it will be easy to see it.

I do not want to be THAT guy, but want to point out that something as simple as looking at the period between years 2015-2016 show very similar stable/consolidating/worrisome/bearish (call it whatever you want) periods, at quick glance, one can spot at least 3 major ~6 month such periods.

What i want to say is that, do not get worried, yet.

There is always an interesting scenario when approaching halving time, we can not predict in detail how big the dumper will occur.
But in the market factor there will definitely be a dumper because to collect interest in buying at lower prices then the big players will profit taking at the top price level.

They are expert doing the business and it's tough to play against this big players, there's a chance that they will unload those coins and wait for the holders to react and once they've seen the target they will buy more. It's a cycle and a battle of mind conditioning, you need to have a good nerve taking the risk and not to fall with this kind of market condition. Assess to make sure you'll get into right timing.

nothing sures everything but we already knew about whales manipulating the market so there's a possibility that they want to bag money at least before the halving happens and this can be true also.
but for me?don't expect more about this halving mate because this can be use as well by this manipulator as too many of us are looking to much positive on this event.

halving is a long awaited event, based on btc history, manipulators are not able to make their own patterns and eventually go with the mainstream. It is precisely now the best time for them to move prices down because the charts allow testing after consolidation, my prediction is that there will be a big dump at the end of this year.

179 days to go , not a long way to kickoff the halving that everyone been waiting for ...

This downtrend after a flash rise for me obviously shows how bitcoin itself is on bearish since few months ago on August right after hits the highest marks in last 20 months.
I wouldn't sell nor continue buying right now .. just fasten your set belt , a major move will occurred before the halving day, that's my short analysis based on moving average.

If the market closes this year with $10k, I think that it is still a very big achievement considering what the market opened with at the beginning of the year, we would never have imagined that the value could have gone this high and the way the bear market was so dip, who would have also even imagined that bitcoin amidst all other altcoins could have make it this far.

It would have been so frustrating if bitcoin was still in the same position has those other altcoins that is giving us lots of frustrations are now. I do hope that bitcoin gets back to $10k this year ending and if it does, I dint think we should term that as it ending at negative trend, it is a fair value because it is 3x of what it started with at the beginning of this year.

remember that history does not repeat itself here in crypto and the pattern don't matter that well now mate.

whales has the majority of the currencies so they can do whatever they want specially if they connive with other whales as they have one target and that's to bag money from the small investors .

If there is a fall in the value of bitcoin again this year, this might be the last fall for the year and it will really not take long before it rebound again, because many people would want to take advantage of that opportunity to buy more now knowing that we are very close to when bitcoin will be making a very huge recovery again, as the time to surge to $15k is almost near, so it would not really be a bad idea or a bad news for bitcoin to decline a little bit again, it will still be a blessing in disguise, and if it does not decline, I am sure that the next rebound will be over that $8750.

From the many analysis that we have done, I think that there is every chance and possibility that the value of bitcoin would make a bull run between now and the next Christmas season.

Seeing the halving time that is not long, it is likely that there will not be a massive dump again for the price of bitcoin. If bitcoin is made to go down too deep then it is rather difficult later for prices to rise in the time leading up to halving and after halving. A very strong position I think will be at $ 7500 - $ 8000. At that price bitcoin is likely to be located if there is indeed a price reduction again

Correct.


Speculative bubbles burn themselves out when people are no longer willing to continue to fuel the flame, when speculative demand is constrained by immediate demands--either people disbelieve the high highly speculatively valuations or their belief becomes unimportant because of external impositions (school, mortgage, car, health, travel, family, etc.).

Speculative bubbles don't self-regulate because people 'expect an increase of value'; that is literally the exact reason they happen.

remember about Halving before, there really was a big dump. and that already happened in 2018 and in 2019 aswell. Don't forget that Halving didn't last long either. Bitcoin prices slowly rise to a peak at the end of 2017 and then dump again.
Next year Halving will look different I guess. given that several countries have already regulated legalization that was previously considered illegal. Pros and cons, of course always appear. as long as there is no Fud on a large scale the possibility not to affect the price. at least stable above 7500 USD for now I guess.

One thing is what I would like to happen and another thing is what I think it will happen, if it was up to me I would love to see bitcoin going up in value right at the end of the year but look at what it is happening now, the market is going down again and it is very close to 8000, I believe that during the next days we will see bitcoin going below that price and during the next weeks we will see bitcoin struggling to maintain itself above 7000.

Here an interesting statement from a well-known crypto investor and advisor:

https://twitter.com/woonomic/status/1196473964014424064

He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving.

   Bitcoin is dropping for days, that looks like some intro in one more bearish trend. Now when we all expect some corrections
before the halving we shouldn't be stressed about it. We can only try to use that situation in our advantage and to save money
for great buying opportunity.

LOL. Every halving the same arguments are put on the table, and then every bear is getting slaughtered. This time will be different ? Yeah sure, but your bet on it and go short for the pre halving/after halving bear market. I bet you otherwise.

It's even more interesting to read the argument of his commentors that his own analysis. Anyway, we can't depend on these analyses as they're also having a guessing game just like us. He's telling us that we're going to another bear market, then the cycle will be different this time. But we can never tell if it's going bullish or bearish before or after the halving. Let it go, bear or bull but everyone has the same expectation on post-halving.

With every halving we experience almost similar pattern of growth. There will be drastic drop in the price of bitcoin, and followed by the same there will be some steady growth for a while. So the growth associated with halving can be experienced after few months of time. Upon this there will be continued dumping in the market which happens same as that happening rest of the days.

It will be interesting to see what happens from now on, the market is indeed looking bearish and if the miners cannot hold their coins and begin to dump them in the market there is a risk the price will go down even more, for a long time I thought the price will not go below 6000 but now that is a real possibility, while the price today closed at a level above 7000 there was a point in which the price went below it and if this bear market extends itself for months it will not be surprising to see those prices.

of course people now are tend to think and predicting this is a bearish lol.
if you scroll back to 4 or 10 days ago , you will see a lot of people with strong believe that before halving there should be a slight move up triggering the bullish run haha i feel like watching an opera with bunch of rookie actors on the stage.

there is only two halving has occured it was in 2012 and 2016 , just because both halving ended up with a skyrocketing price doesn't mean it will form to a pattern a similar situation , i have explained about this many times to people who wondering but who i am lol i am not wooconomic the one that well known crypto investor and advisor haha , just ignore me.

Yes and almost previous moment always happened like that. Whale said "Just pull the price down so hard, let another doing FOMO then take much profit when hit at the top" . But I still don't know, if this condition is the last time for dump.

I will quote my post from a few days ago:


I do not know whether the statement by Willy Woo had an impact on the recent price drop, but you have to admit that these two moments coincided quite precisely in time...? What do you think about this? Could investors trust his opinion and "helped" it in this sharp fall in price?

This thread if I'm not mistaken is when BTC pump in the last days of October to early of November which said to be about China's President interest in blockchain. And seems OP subject of one more dump is what is happening now for no certain reason of what's going on in current market. This probably the last time to buy before halving happens again.

I assume many investors are waiting for their fiat transaction to clear on Monday. I strongly think that we will have some sort of upward pressure from Monday on up to the CME future contract ending on the 29th of November.

my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities

This is one possibility but there is no guarantee that Bitcoin price will rise from Monday onwards. This doesn't have to be only weekend correction, it might last a while. However I don't expect for price to fall lower than 600O$ if even it will go that low.

You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened.
People are so easy to manipulate.

Maybe this is all a manipulation of some whales who want to take a low price before halving bitcoin happens, and I do not know with the correction that is happening now on bitcoin whether it is still ongoing or enough until here. But if there are several parties who want to buy bitcoin as cheaply as possible, the drama of correction may still continue. But indeed before halving the good buy when the price drops like now.

in my opinion, the dump will only reach $ 6300 and then pump to $ 7500. and today the price of bitcoin is at $ 6700. be prepared to make the order below. not only whales, but we can also enjoy the benefits after halving happens. believe me this won't take long. The dump will end soon. and welcomed the high pump.

I wonder if the bears remember the recent 30% in one day?

Bears are going keep keep getting margin called until no bears left.

multi year Bulls can afford to stay in the game for ever at this point be way way ahead no matter what.

one more dump? it seems like we are going to have plenty
no idea what caused this 20% + drop in price , Binance is claiming the news of the police raid did that , which is funny
but looking at the trading charts it is not going to stop , it could as well start falling below 6k and even in the 5500 area
after a glorious rally to 10k all we see is bears running wild , seemingly the buyers are unaware of the coming halving or are waiting for it to drop further to buy
in any scenario , even if it drops to 6k or lower ,  don't panic and wait - we have been here before numerous times
unfortunately , the end of the year " to the moon " hopes were shattered once again

after a few months we see bitcoin can hold strong now the time we see bitcoin in one week fell very dramatically. Honestly I actually feel a little uncomfortable with this condition. Because I think nearing the end of the year prices will go up slowly. What do you think if prices will rise again in December? or indeed after halving prices will really rise again?

Considering the current market situation you cannot expect a huge rally by the end of this year, these are testing times for bitcoin as there are several factors right now to consider than in the past, there are regulations coming in the market then there is a option market and so on so it is not the same like we had in the past but still i am optimistic with the way the market will perform after the halving.

Hoping we’ve seen the last of the dumping now & we can soon start our slow ascent as the halving approaches.

And the next question should be why are people so easy to manipulate? In this market by far the most famous strategy is to hold your coins no matter what, and if investors followed that simple advice we will not see the volatility that we have in this market and this market will be a lot more resistant to those attempts of FUD, but we see the opposite, as soon as a negative news emerges the price crashes, we still have too many weak hands holding their bitcoin and the whales are taking advantage of this.