Texac
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August 18, 2023, 02:57:54 PM |
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We can't be sure of the next bull run. Right now the market have crashed. This is completely expected and we can expect this to continue for some time period before making a bounce in the market. For now the discussion will get started, what was the reason behind the crash of the market. For now Elon Musk owned SpaceX selling a huge part of bitcoin holding is termed to be the reason. Lets see what all the other news getting added in connection with the drop in the price of bitcoin. For all who have been waiting for buying could concentrate on the market to make an entry at the right time.
The market has crashed? What market are you talking about? Bitcoin? Or Evergrande's stock market? Because one just lost 4-5% and the other one has gone to zero so I guess, or better, I hope, you are talking about Evergrande, that has nothing to do with bitcoin nor the halving. Or, if you are actually talking about bitcoin then you are either trolling or fudding because no one would ever say that bitcoin, in this moment, has crashed. He was wrong to use the word "crash" for what was happening with bitcoin. but I think he means that the market is being heavily dumped as bitcoin is down more than 10%, and all altcoins are also down 10%-15% in a short time. And the dumped market is really a surprise as we don't have any remarkable information that caused it and even the collapse of Evergrande was not the cause. I also tried looking for some news about the Spacex bitcoin sale or the Evergrande demise, but I didn't find any connection to the market being dumped.
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Blitzboy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2023, 06:08:23 PM |
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We can't be sure of the next bull run. Right now the market have crashed. This is completely expected and we can expect this to continue for some time period before making a bounce in the market. For now the discussion will get started, what was the reason behind the crash of the market. For now Elon Musk owned SpaceX selling a huge part of bitcoin holding is termed to be the reason. Lets see what all the other news getting added in connection with the drop in the price of bitcoin. For all who have been waiting for buying could concentrate on the market to make an entry at the right time.
The market has crashed? What market are you talking about? Bitcoin? Or Evergrande's stock market? Because one just lost 4-5% and the other one has gone to zero so I guess, or better, I hope, you are talking about Evergrande, that has nothing to do with bitcoin nor the halving. Or, if you are actually talking about bitcoin then you are either trolling or fudding because no one would ever say that bitcoin, in this moment, has crashed. He was wrong to use the word "crash" for what was happening with bitcoin. but I think he means that the market is being heavily dumped as bitcoin is down more than 10%, and all altcoins are also down 10%-15% in a short time. And the dumped market is really a surprise as we don't have any remarkable information that caused it and even the collapse of Evergrande was not the cause. I also tried looking for some news about the Spacex bitcoin sale or the Evergrande demise, but I didn't find any connection to the market being dumped. Well, isn't it just like the mainstream to misuse a term like "crash"? To throw around words without understanding their weight? It's down 10%, not 90%—let's get our facts straight! A mere hiccup for something as resilient and dominant as bitcoin. And as for the altcoins? Who cares? They merely follow the king, Bitcoin. Why? Because Bitcoin leads and the rest just tag along. Now, the Evergrande collapse and the SpaceX sale are distractions. Don't connect dots that aren't there
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Mr.suevie
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2023, 07:13:35 PM |
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We can't be sure of the next bull run. Right now the market have crashed. This is completely expected and we can expect this to continue for some time period before making a bounce in the market. For now the discussion will get started, what was the reason behind the crash of the market. For now Elon Musk owned SpaceX selling a huge part of bitcoin holding is termed to be the reason. Lets see what all the other news getting added in connection with the drop in the price of bitcoin. For all who have been waiting for buying could concentrate on the market to make an entry at the right time.
The market has crashed? What market are you talking about? Bitcoin? Or Evergrande's stock market? Because one just lost 4-5% and the other one has gone to zero so I guess, or better, I hope, you are talking about Evergrande, that has nothing to do with bitcoin nor the halving. Or, if you are actually talking about bitcoin then you are either trolling or fudding because no one would ever say that bitcoin, in this moment, has crashed. He was wrong to use the word "crash" for what was happening with bitcoin. but I think he means that the market is being heavily dumped as bitcoin is down more than 10%, and all altcoins are also down 10%-15% in a short time. And the dumped market is really a surprise as we don't have any remarkable information that caused it and even the collapse of Evergrande was not the cause. I also tried looking for some news about the Spacex bitcoin sale or the Evergrande demise, but I didn't find any connection to the market being dumped. Same here as I have also search every possible reason for the market to fall this drastically over a space of 12hours. This dump has caused many naive investor to panic because they all perceived that since we are heading close to the halving that Bitcoin will only push up but the sudden dip has surprise everyone but notwithstanding it can be still seen as a positive effect because we can use this medium to actually buy more Bitcoin.
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Silberman
Legendary
Offline
Activity: 2618
Merit: 1360
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August 18, 2023, 07:52:03 PM |
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Well, isn't it just like the mainstream to misuse a term like "crash"? To throw around words without understanding their weight? It's down 10%, not 90%—let's get our facts straight! A mere hiccup for something as resilient and dominant as bitcoin. And as for the altcoins? Who cares? They merely follow the king, Bitcoin. Why? Because Bitcoin leads and the rest just tag along. Now, the Evergrande collapse and the SpaceX sale are distractions. Don't connect dots that aren't there
The media often uses confusing terms or mix them up in order to create controversy and that is what they are doing here, when it comes to the stock market a drop of 5% in a single day is a complete catastrophe and that is enough to be called a crash, however as we know the volatility of bitcoin is much higher and a 10% drop is something we have seen many times on the past, just as we have seen a 10% rise many times as well, but by using the standards of the stock market with bitcoin they can create a sensational news and scare the weak hands even further.
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Sanitough
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2023, 08:58:04 PM |
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Even if I would say it’s not but for the past bull runs, they actually happened after every bitcoin halving so perhaps bitcoin bull run is really tied to its bitcoin halving. The exact reason why we should never miss to prepare our bitcoin portfolio for the next bull run that is bound to happen hopefully by 2025 after the expected bitcoin halving next year. This time, bitcoin price is expected to reach its new all time high and should exceed the btc price of $68k. Seeing bitcoin price is moving positively, then hopefully it will end up with a new 6 digit price that everyone is waiting for.
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usekevin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2023, 09:01:59 PM |
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The media often uses confusing terms or mix them up in order to create controversy and that is what they are doing here, when it comes to the stock market a drop of 5% in a single day is a complete catastrophe and that is enough to be called a crash, however as we know the volatility of bitcoin is much higher and a 10% drop is something we have seen many times on the past, just as we have seen a 10% rise many times as well, but by using the standards of the stock market with bitcoin they can create a sensational news and scare the weak hands even further.
Media always confuses the investors by their own words,we should get divert by the media.When you had steady plan,you can proceed without any hesitation.When some drop in the price of bitcoin,the media will portrait it in high way and then the panic seller and newbie will cash out from the bitcoin.This automatically creates some less demand for the bitcoin,the market will continue to move maximum to the 10% percentage change to the current value.So media plays huge role in investments.
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SquirrelJulietGarden
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August 19, 2023, 03:31:26 AM |
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Even if I would say it’s not but for the past bull runs, they actually happened after every bitcoin halving so perhaps bitcoin bull run is really tied to its bitcoin halving.
Bitcoin halving will make short term shocks in block rewards as well as income for Bitcoin miners but they will adapt to it and in past halvings, price grew well after that so miner income won't be affected too much by halve of block reward. However, we must know one more thing, income of Bitcoin miners should come from transaction fees which come from their transaction confirmation for Bitcoin users. Block rewards were not designed to be main source of Bitcoin miner income. Same here as I have also search every possible reason for the market to fall this drastically over a space of 12hours. This dump has caused many naive investor to panic because they all perceived that since we are heading close to the halving that Bitcoin will only push up but the sudden dip has surprise everyone but notwithstanding it can be still seen as a positive effect because we can use this medium to actually buy more Bitcoin.
When you search, you will find news and some information which will be released on media to officially explain why the market moves like that. They are not real reasons and you will realize it when you have been in this market long enough. Market manipulators direct the market into their favorite directions and plans. After they completed their plans, they will release news for you but in fact they all prepared those news before market crash. They only wait for a right time to release news which satisfies your curiosity and angry after losing money in the market.
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Ayers
Legendary
Offline
Activity: 2730
Merit: 1024
Vave.com - Crypto Casino
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August 19, 2023, 04:19:36 AM |
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Even if I would say it’s not but for the past bull runs, they actually happened after every bitcoin halving so perhaps bitcoin bull run is really tied to its bitcoin halving. The exact reason why we should never miss to prepare our bitcoin portfolio for the next bull run that is bound to happen hopefully by 2025 after the expected bitcoin halving next year. This time, bitcoin price is expected to reach its new all time high and should exceed the btc price of $68k. Seeing bitcoin price is moving positively, then hopefully it will end up with a new 6 digit price that everyone is waiting for.
Based on what has happened in the past, it can be seen that there is a very strong correlation between the halving and the price increase of the market. So, it is not wrong to say that the price increase of the market is somewhat dependent and tied to the halving. But in the next bull run since we don't have a crystal ball to predict the future, it's hard to say what, and what we can do is hope history repeats itself. But it's all guesswork, history may or may not repeat itself, so don't be too subjective with our predictions.
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someone703
Full Member
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PredX - AI-Powered Prediction Market
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August 19, 2023, 05:14:28 AM |
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Predicting the price of Bitcoin is a difficult task and no one can be sure of it. The cryptocurrency market is truly volatile and unexpected, and there are diverse factors that affect price movements.
Focusing on accumulating more Bitcoin is a smart way to prepare for the future. Not only will it help you take advantage of future buying opportunities, but it will also increase the likelihood that you can benefit from the next bull run. However, remember that investing always carries a degree of risk, and risk management is an important part of your investment strategy.
We really need to be patient when approaching the cryptocurrency market. Avoiding being affected by negative news or short-term changes and focusing on your long-term strategy is the best way to weather these swings in the market.
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