Charts you have to see before Halving

[Kelvinid]

This year's halving has nothing to look similar to the previous halving. We have a different situation today than of the past halving and this is a big factor why we can't be like and not seeing the market turns good. We can't see an instant effect of halving and you may right, and the chart as well seeing it a year after. And as I said, a lot of factors that could affect the market trend and who knows that we are still fighting against coronavirus until next year. Quite that possible and I lost my optimism. 

[exstasie]

Why is $20K reasonable in 2017 but not $100K in 2021? Pull up a monthly chart. Past bubbles came and went fast.

I do feel there is a lot of overconfidence and exuberance in the market at the moment. I wouldn't be surprised to see both BTC and stocks smacked down hard to punish top buyers and margin longs. If there is wishful thinking going on, it's all the expectation that we'll see a bubble right now, and that there will be no corrections along the way.

I guess I'm just puzzled how people are so confident in such uncertain times.

Because the price went up. That's really all it takes. Markets are all about feedback loops and emotion.

The fear in March compounded until we had an epic capitulation to the $3,000s. As the price recovered, the fear and disbelief disappeared and has now been replaced by tangible greed. Whereas in the $5,000s or $6,000s everyone expected a return to the lows, now in the $8,000s or $9,000s everyone expects up, up, up.

But all I'm hearing at the moment is how much ordinary people are struggling in the broken traditional economy, ever-growing gulf between rich and poor, businesses failing, job losses, etc.

Lots of BTC investors think this is actually somehow good for BTC.

In general, investors (BTC, stocks, whatever) get tunnel vision about their holdings. They tend to plan for the best case scenario only. The March 12th crash is how they get punished. The market feels like it's building up to another brutal shakeout that bulls aren't prepared for.

[Oasisman]

This year's halving has nothing to look similar to the previous halving. We have a different situation today than of the past halving and this is a big factor why we can't be like and not seeing the market turns good. We can't see an instant effect of halving and you may right, and the chart as well seeing it a year after. And as I said, a lot of factors that could affect the market trend and who knows that we are still fighting against coronavirus until next year. Quite that possible and I lost my optimism. 

The pandemic only has minimal effect on the market though. As you can see, Bitcoin made a good run from the last couple of days breaking the $9,000 level. That signifies a good indicator of market performance because of the halving. We might have a different situation than before, but how the people look at the halving is still very optimistic.
If Bitcoin was greatly affected by the pandemic, we shouldn't be seeing a good recovery run by now since last March the price went down as low as $4,100.

[Spaffin]

This year's halving has nothing to look similar to the previous halving. We have a different situation today than of the past halving and this is a big factor why we can't be like and not seeing the market turns good. We can't see an instant effect of halving and you may right, and the chart as well seeing it a year after. And as I said, a lot of factors that could affect the market trend and who knows that we are still fighting against coronavirus until next year. Quite that possible and I lost my optimism. 

The pandemic only has minimal effect on the market though. As you can see, Bitcoin made a good run from the last couple of days breaking the $9,000 level. That signifies a good indicator of market performance because of the halving. We might have a different situation than before, but how the people look at the halving is still very optimistic.
If Bitcoin was greatly affected by the pandemic, we shouldn't be seeing a good recovery run by now since last March the price went down as low as $4,100.

Recently, there has been a lot of abuse and manipulation of information regarding the expected halving, but there is still not much time left to really evaluate the results of the expected event.  at least to date, the value of Bitcoin over the past week has already risen by 16% (9.950$).

[crypmike]

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