jonoiv
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June 08, 2019, 04:29:56 PM |
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According to Grayscale, many investors are not aware of the bitcoin block reward halving. As such, it still remains a key factor for the price and it is not completely priced in.
"We were surprised to learn that many of them were not even aware of this event." (Grayscale) https://twitter.com/iamjosephyoung/status/1136949078879744000This is both interesting but also scaring: Intresting because there was a lot of debate if the recent price action was due to markets being efficient with people pricing in halving effect before halving actually happening. Public information being incorporated in current market prices is what characterise efficient markets. Something should be granted in a mature market like the one bitcoin begins to be. This is also scaring because grayscale targets institutional investors. I would have tough this kind of investors had done the basic due diligence of the technology. How can be prepared to invest millions in BTC without even knowing what an halving is? This is scary. They are ready to invest in something they basically don’t know about. These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss. However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving, call it the halving period average price. So thats the potenial of an average price of about $11900 from 2021 onwards!? But that only applies if all is as perfect as possible! I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved) Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed. Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market. $2600 best case scenario or lower probable bottom.
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VB1001
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<<CypherPunkCat>>
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June 08, 2019, 04:36:47 PM |
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Damn, today gonna do a small family dinner this evening.... but right @this time my GF just came with another surprise (last one I hope guess ) She co-worked with XhomerX10, mmm she asked him to work something out and he provided her a design for this awesome cake, THX to my GF and XhomerX10, I hope she didn't harass you to much , still thank you both, we really enjoyed the cake with a few @my place (actually my GF wasn't very happy with what they RL made cause XhomerX's original design was much better...., so next time we need a better cake maker) ^ Honestly, I did really loved it, yet another great community helping out etc... ^ Original design by our creative master -Also yeah r0ach, I still know, she's continuously looking for an upgrade BF... hope she doesn't find it, would miss her *honour the ROLLERCOASTER Mic !!!, they take care of you, you are very lucky.
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jonoiv
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June 08, 2019, 04:39:18 PM |
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Good morning Bitcoinland.
The battle for $8k rages on... currently $7933USD/$10540CAD (Bitcoinaverage).
Ho freaking hum.
Shouldn't last too much longer.
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El duderino_
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BTC + Crossfit, living life.
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June 08, 2019, 04:49:31 PM |
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Good morning Bitcoinland.
The battle for $8k rages on... currently $7933USD/$10540CAD (Bitcoinaverage).
Ho freaking hum.
Shouldn't last too much longer. Boy, I don’t know why you’re in BTC at all? After only 10 year not yet properly adopted? What did you F***ing expected!? That all currency would be BTC today?
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realr0ach
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#TheGoyimKnow
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June 08, 2019, 04:52:46 PM |
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Uh oh, Trollgoossens. It looks like the goyim know:
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fabiorem
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June 08, 2019, 04:53:06 PM Last edit: June 09, 2019, 04:09:43 AM by fabiorem |
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These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss. However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving, call it the halving period average price. So thats the potenial of an average price of about $11900 from 2021 onwards!?
But that only applies if all is as perfect as possible! I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved)
Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed.
Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market. $2600 best case scenario or lower probable bottom.
Shelby Moore believes its going to $775, and links it with the scenario of a hard fork.I believed in a three-digit scenario last year, but then the market recovered and we got out of the "despair phase" in the standard bubble chart. As you can see, the black line marks the mean value. We are already in a new cycle, and possibly in the "first sell off" phase. For this reason I dont believe, right now, that we will see 3k again. We can still fall to 5k, though.
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bitcoinPsycho
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$120000 in 2024 Confirmed
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June 08, 2019, 05:00:06 PM |
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Uh oh, Trollgoossens. It looks like the goyim know: Your opinion value = 0
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realr0ach
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#TheGoyimKnow
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June 08, 2019, 05:03:17 PM |
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He's basing the number off Martin Armstrong, who is a complete fraud. As much as I think Bitcoin has zero fundamentals due to transaction validators being designed to centralize - and just like all currencies (vs actual money), starts at a value of zero and returns there - one only needs to look at Armstrong's last prediction on gold. Armstrong claimed gold was going to "drop to the abyss below $800" when it was $1050. So, as you can see, Armstrong told people to literally SELL THE BOTTOM in gold instead of buying. I called out this Armstrong scheme the very day he said it, that it was not even possible for it to go that low without some type of catastrophic deflationary collapse that would blow up all the banks in the process. I actually bought gold at that time because I knew it could not go lower (without deflationary collapse) - and then later traded it for more silver due to absurd GSR. The purpose of Armstrong seems to me to be nothing more than a paid disinformation agent like Harry Dent.
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jojo69
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diamond-handed zealot
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June 08, 2019, 05:09:24 PM |
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I'm looking for a higher low to confirm trend reversal. I see an interesting area where historical support, the lower "magic" line and the 100 daily EMA converge.
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fabiorem
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June 08, 2019, 05:14:05 PM Last edit: June 08, 2019, 05:25:19 PM by fabiorem Merited by JayJuanGee (1) |
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He's basing the number off Martin Armstrong, who is a complete fraud. I believe we are going to see a bear trap in the coming weeks. 3k is not possible anymore, the rise from there was organic. It was different in 2017, when hedge funds were buying (after the BCash fork) to feed the futures markets in December. Back then, the price didnt have any time to test the 8k level, like we are seeing now.
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realr0ach
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June 08, 2019, 05:17:59 PM |
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A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit. As seen with some of Litecoin's moves in the past, if the halving generates no return because everyone already bought beforehand, you can then wind up with epic implosions when everyone is on the same side of the trade. The halving then turns into dump fest instead of profit.
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fabiorem
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June 08, 2019, 05:22:31 PM |
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A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit.
This is the effect of the hype train. The bull market came earlier than in 2015, so we cant predict how long will be the current cycle. It could end in 2020 or 2022, despite the halving.
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jonoiv
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June 08, 2019, 05:26:17 PM |
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Good morning Bitcoinland.
The battle for $8k rages on... currently $7933USD/$10540CAD (Bitcoinaverage).
Ho freaking hum.
Shouldn't last too much longer. Boy, I don’t know why you’re in BTC at all? After only 10 year not yet properly adopted? What did you F***ing expected!? That all currency would be BTC today? only 10 years ? well seen as you asked. I would have liked after 10 years, someone to quote me and not delete all the information about possible price movements on the (Bitcoin price movement tracking & discussion ) thread. Then get all uptight about one quote. But I guess im used to it. Even if i was sold on bitcoin in 2012 2013, the posters on this thread like yourself, have convinced me it's just a money making scheme. The only thing im undecided on is whether an individual is in on it as part of a conspiricy, they don't see it as such, or they genuinly belive in it. Added the deleted text for context. These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss. However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving, call it the halving period average price. So thats the potenial of an average price of about $11900 from 2021 onwards!? But that only applies if all is as perfect as possible! I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved) Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed. Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market. $2600 best case scenario or lower probable bottom.
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realr0ach
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June 08, 2019, 05:30:24 PM |
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The bull market came earlier than in 2015, so we cant predict how long will be the current cycle. It could end in 2020 or 2022, despite the halving.
Lol, this is bullshit talk. When the price of Bitcoin would go from like $200 to $400 in a few days, nobody ever called it a "bull cycle", let alone a "3 YEAR BULL CYCLE". People called the market exactly what it was back then, a Chinese pump and dump scam that can implode at any second. Nobody ever made these retarded claims pretending imaginary, valueless tokens in a pump and dump scam are somehow 'guaranteed' a THREE YEAR bull cycle. The thought is just laughable. Bitcoin HAS NO PRICE FLOOR. The bottom can drop out at any second. It's happened too many times to count. As soon as it happens, miners shut off turning it into a feedback loop to plummet the synthetic price floor even more. Cost of production in Bitcoin is recursive based on it's own demand. It's a self-referencing system. Cost of production in metals IS NOT recursive. If zero people wanted to buy gold tomorrow, the cost of production would still be the same. That's not how Bitcoin works.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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June 08, 2019, 05:46:28 PM |
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A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit. As seen with some of Litecoin's moves in the past, if the halving generates no return because everyone already bought beforehand, you can then wind up with epic implosions when everyone is on the same side of the trade. The halving then turns into dump fest instead of profit.
People think this because it’s exactly what happened so far. I don’t think it’s naive to expect history to repeat itself, r0ach. I don’t see what’s controversial or understand what annoys you about people expecting this to happen again post 2020 halving. With diminished supply comes higher prices due to demand. You know yourself it’ll happen again & many of us will become very wealthy during the next cycle. You’ve been aware of bitcoin for many years, even if you believe what you constantly tell us, you like making money, yes? Do yourself a favour and buy back in, if you’re so clued up & so intelligent you’ll know when to buy & when to sell? I don’t see any point in your presence here unless you’re trying to make money & or have a big interest in bitcoin. You’re wasting your life on something you hate, it all seems very pointless to me buddy.
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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June 08, 2019, 05:46:40 PM Last edit: May 15, 2023, 12:31:59 PM by BitcoinGirl.Club |
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Trollgoossens, you are a very stupid stupid man. If your icon is Trump then you really are a shit Roach. Shame on you. Do you treat your mom, sisters and may be sister in law with the same disrespect?
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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June 08, 2019, 05:50:38 PM |
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<snipped out the content>
My brother I am sorry to wish you late (I guess). I just read it. Happy birthday and I hope you have a blasting day.
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realr0ach
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June 08, 2019, 05:52:47 PM |
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People think this because it’s exactly what happened so far. I don’t think it’s naive to expect history to repeat itself, r0ach.
It's inevitable that a Bitcoin halving will be a buy the rumor sell the news event like this Litecoin halving:
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LFC_Bitcoin
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#1 VIP Crypto Casino
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June 08, 2019, 05:55:29 PM |
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People think this because it’s exactly what happened so far. I don’t think it’s naive to expect history to repeat itself, r0ach.
It's inevitable that a Bitcoin halving will be a buy the rumor sell the news event like this Litecoin halving: According to Grayscale, many investors are not aware of the bitcoin block reward halving. As such, it still remains a key factor for the price and it is not completely priced in.
"We were surprised to learn that many of them were not even aware of this event." (Grayscale) https://twitter.com/iamjosephyoung/status/1136949078879744000This is both interesting but also scaring: Intresting because there was a lot of debate if the recent price action was due to markets being efficient with people pricing in halving effect before halving actually happening. Public information being incorporated in current market prices is what characterise efficient markets. Something should be granted in a mature market like the one bitcoin begins to be. This is also scaring because grayscale targets institutional investors. I would have tough this kind of investors had done the basic due diligence of the technology. How can be prepared to invest millions in BTC without even knowing what an halving is? This is scary. They are ready to invest in something they basically don’t know about. These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss. However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving, call it the halving period average price. So thats the potenial of an average price of about $11900 from 2021 onwards!? But that only applies if all is as perfect as possible! I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved) Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed. Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market. $2600 best case scenario or lower probable bottom.
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Kylapoiss
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I don't know where I'm going, but I'm going.
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June 08, 2019, 05:57:52 PM |
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Is it your birthday mic?
If yes, then happy bday and all the very fcking best for you!
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