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Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.
If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed. We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again. "Bitcoin doesn't need investors." Then who's going to buy & sell? |
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Another COVID-19 story to link with bitcoin. Another attempt to think USA is the leader of the world. Is it very hard to believe that some scammers from Korean country has sold off over 100 million of siphoned money? The world market is bleeding because majority of the production factories are shut due to the COVID-19 pandemic. Majority of the service sector people are working from home wherever possible to keep up with the demand. The overall sentiment in the market is very very bearish. What on earth it has to do anything with bitcoin? While we don't have a particular answer why the crypto market is bleeding - people are happy to link it with the COVID-19 outbreak. But the story below sounds more convincing. https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-sellofThe scam sell off happened to take place the same time as the coronavirus huh? If that's the case man, I'm happy. |
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Any company doing business with bitcoin is adoption. |
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What are your thoughts on Lightning Capital Hedge Fund Manager, Charles Hwang, predicting BTC price will rise between $20-$50k after Bitcoin halving? |
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Is the Orbis exchange platform still going on? There's no updates whatsoever from any of the team members. I check the price and it's still on, but I don't know if the project is dead or not. https://www.cryptozink.io/price/OBT/orbis-token/ |
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Anyone knows what happened with GameCredits (GAME) price today? It's up 230% and I cannot find out why. That's more than double the price in |
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I'm a little more bullish than you are. I think BTC is going to surpass $20k pre halving, then have a serious dump with traders taking profit. I don't think that it's gonna be easy after the halving for bitcoin to be pushed harder and reaching the 20k$ in just a few months. I meant it's not gonna be like the last halving in 2016 in my opinion. I'm just thinking that bitcoin will reach again the 15k$ by that time and it will be good for us and probably it's gonna be pushed more by people and hopefully we'll gonna see it at 20k$ level by the next year.
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They're beating the drums. Believe it or not, crypto, including Bitcoin depends on speculations more than anything else. Many speculators have filled Twitter with the comment that Bitcoin will witness a strong rally like it has happened in the past. However, nothing is certain .. in many markets, an expected event will often cause the price of related assets to rise in the days leading up to that event. But once the event takes place, the prices of those assets often drop significantly. Halving LTC is an example
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It's not about pattern. We're talking supply and demand here. I wasn't using Bitcoin back in 2016, but I am sure that it was the same as to what is happening right now except for the fact that we're going higher to where that price swings happen.
I don't think that we can pretty much just base on these patterns showed by years, but hey the price jumps might apply the same as it was before. Who knows? Who knows? It has an unstable price after all.
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That's why we're discussing pre and post halving. You cannot compare one Halving with another without including the many other factors that happens during that same period. Remember, the price is not just affected by the Halving, there are other things happening in the market at the time that influence the price. You might have some big event happening that might push up the price and then the Halving will piggyback onto that event and also visa versa with a negative event. I can tell you now that the price will not double with the next Halving.  In any way, the Halving influence happens prior to the event taking place and not on the date that it happens, so you will have to look at the price history of at least a week before the event to see what influence it had.  |
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