The re-accumulation period is in

[Baofeng]

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up

Personally, I'm inclined to think along the same lines

But the opponents of this view can be quite vocal and pushy in claiming the opposite view. I can't even recall all their arguments right now (as it was pretty complicated and illogical stuff anyway related to mining costs) but I very well remember how some of them had gone as far as to assert that Bitcoin could never ever drop below 5k. Small wonder, it first dropped below 5k and then 4k shortly thereafter (in November and December 2018, to be exact)

But the drop was due to the hash war that time between BCH (Roger Ver and cohorts) and BSV (Craig Wright). The reason behind as others have said, is that some miners switch their gears to either of the two coins, thus affecting the price negatively.

But yeah there are some proponents who push for the correlation between hashing power and bitcoin price , thus the argument that miners can influence the price so to speak.

[deisik]

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up

Personally, I'm inclined to think along the same lines

But the opponents of this view can be quite vocal and pushy in claiming the opposite view. I can't even recall all their arguments right now (as it was pretty complicated and illogical stuff anyway related to mining costs) but I very well remember how some of them had gone as far as to assert that Bitcoin could never ever drop below 5k. Small wonder, it first dropped below 5k and then 4k shortly thereafter (in November and December 2018, to be exact)

But the drop was due to the hash war that time between BCH (Roger Ver and cohorts) and BSV (Craig Wright). The reason behind as others have said, is that some miners switch their gears to either of the two coins, thus affecting the price negatively

And why did it affect Bitcoin?

I mean the regular one, true and only? Besides, the price had been staying below 4k for too long to indiscriminately attribute that dynamic (or rather static, given the lack of price action at and near the bottom for a couple of months) to the hash war between different Bitcoin copycats, which was mostly an isolated event, in both effect and time

On the other hand, Bitcoin had been spiraling down all 2018 since the very beginning of that year and continued to fall well into 2019 (till March, if my memory serves me right). So the hash war was just a small accident and insignificant episode which was unlikely to trigger first the fall of Bitcoin and then its rise

[sana54210]

The market might be in danger zone right now, but it is not enough to demoralize me even though majority of my investment has been cut off to almost the lowest, I am still not shaken by that, instead of panicking, what I just do is to invest more in all those coins that I believe will still have the chance to survive when the bull run of altcoins starts when the market totally comes out of the bear market.

Life is all full of risk, and that is why you see majority of people that are millionaires and billionaires today would tell you that they actually took lots of risk for them to have gotten to the position where they are right now and I think one of the risk that I know we can take that will be worth it is our investment in some coins now that they are in very low prices.

[NathanJB]

The market might be in danger zone right now, but it is not enough to demoralize me even though majority of my investment has been cut off to almost the lowest, I am still not shaken by that, instead of panicking, what I just do is to invest more in all those coins that I believe will still have the chance to survive when the bull run of altcoins starts when the market totally comes out of the bear market.

Life is all full of risk, and that is why you see majority of people that are millionaires and billionaires today would tell you that they actually took lots of risk for them to have gotten to the position where they are right now and I think one of the risk that I know we can take that will be worth it is our investment in some coins now that they are in very low prices.

Bitcoin at $8,000 plus, Ethereum at $180 plus, and so on. This is no danger zone anymore. This is already a zone of opportunity. I would consider Bitcoin at $15,000 as a danger zone that when it is at its current price. When crypto is down, there is no other way but up. We will be seeing better prices very soon. We are already done with the bottom. When the prices are up, that is when we should brace ourselves for a fall. We cannot fall right now. 

[iMark]

This can be considered the time to accumulate as much possible based on various reasons.

• The price has been found low to $8500
• More predictions stating the growth to happen anytime soon
• Better than bitcoin, it is time for accumulation of altcoins
• Altcoins were very low in value, and these days there is recovery
  with most trusted altcoins
• Halving happening by 2020, and a big update on ethereum network

1. Many altcoins have a sharp drop, even more than bitcoin price drop. of course when recovery comes, the profit you can achieve will be much greater if you buy altcoin, which means buying altcoin is also highly recommended.
2. A lot of predictions about prices going up in the near future is not nonsense. from the existing charts prove that every halving price will gradually go up, and we will face it in the short term, that means we have to accumulate and collect more bitcoin.

[EdvinZ]

The chart clearly reflects the fact that the price grown strongly during the halving periods of Bitcoin. Also grown and all the major altcoins, I also tend to believe that Bitcoin will overcome the milestone of $10,000 and maybe even rush higher. After all, the essence of halving is that it will become 2 times more difficult to mine BTC, and this already indicates an objective increase in the value of Bitcoin in the eyes of investors.

[desticy]

Now there really is a period of accumulation of volumes for the largest positions in altcoins. This can be seen on orders on exchanges.
Whales do not merge altcoins in anticipation of the fall of bitcoin, however, they are gaining positions on them.
I believe that we are either waiting for a short viola season by the end of October, or a strong decline.

[DaveWave]

The chart clearly reflects the fact that the price grown strongly during the halving periods of Bitcoin. Also grown and all the major altcoins, I also tend to believe that Bitcoin will overcome the milestone of $10,000 and maybe even rush higher. After all, the essence of halving is that it will become 2 times more difficult to mine BTC, and this already indicates an objective increase in the value of Bitcoin in the eyes of investors.

I'll start accumulating more bitcoins again and just hodl it to avoid headaches. There were many good news on bitcoin lately too. The big question on my mind is if bitcoin can reach the trillion dollar market capitalization within 2022. A trillion in US dollars means we are probably more than 1% of the world's total money. Will that be easy?

[nasipadang]

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

[kayvie]

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

As the prediction, they see that bitcoin price will continuously increase if the buy support at $8300 will not break. As long as this barrier will stay as it is its price will rise.
However, if this barrier will break there are chances that its price will continue to decrease, bitcoin's price will be back in the bearish market and the whole crypto market will highly be affected by this.

[Edraket31]

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

As the prediction, they see that bitcoin price will continuously increase if the buy support at $8300 will not break. As long as this barrier will stay as it is its price will rise.
However, if this barrier will break there are chances that its price will continue to decrease, bitcoin's price will be back in the bearish market and the whole crypto market will highly be affected by this.

I believe with the experts stating about Bitcoin price too, it may not as like as the year 2017 but in the upcoming years, it will be more known by people and investors so the price will rise steadily, and this year is a perfect chance for us to accumulate if we really want to have the chance to gain more in the future, let's say Bitcoin is like a real estate, it will increase in value in a long term period.

[bitgolden]

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good.

You can keep buying bitcoin at around these prices to have more and more in your wallet and still have a stop loss just in case you are wrong. Then you could buy back from 7500 if it reaches around there, don't know what the short term will be like but the long term I am sure that will be a great price to pay for one bitcoin (considering with halving it will most likely go even higher). That is only solution I can come up with but I really need a solution that's better than this.

[deisik]

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good

But how do you know that?

There's no way to know that unless you can actually make it happen (which is unlikely). And if you assume that the price will crash to 7700, why don't you expect it to crash further? See, you can't say that as it is no more than our expectations and ideas where the price should or could be. But the market knows better and it doesn't care about what we think or assume (read, we are more often than not proved entirely wrong)

[matchi2011]

It is legit that the re-accumulation period is in because the price of bitcoin settles down below $9,000 and it is a good price to get some bitcoin and the altcoins are now moving up but they didn't get up big yet so it is still in the re-accumulation period and I think that the rocket ship of altcoin is just refueling before it totally takes off to the moon.

While there's still cheap coins around and updates and progress is on it's way, accumulations is best for the supporters who's hoping that
the market will bounce back high. If you take the chance of buying and store everything you are investing for your future, let the cycle
continues and always find the best timing that you can have and bring huge benefits to your investment.

[Oasisman]

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good.

You can keep buying bitcoin at around these prices to have more and more in your wallet and still have a stop loss just in case you are wrong. Then you could buy back from 7500 if it reaches around there, don't know what the short term will be like but the long term I am sure that will be a great price to pay for one bitcoin (considering with halving it will most likely go even higher). That is only solution I can come up with but I really need a solution that's better than this.

With the current market condition today, a lot of speculations said that the price is a perfect entry point to accumulate more Bitcoin, specifically around $8,000-$8,300.
If you take a look at the historical data, Bitcoin is gradually gaining higher lows since we entered October and thats a good indicator of an upcoming bull, since a lot of people are accumulating as a preparation for the 2020 halving. We still have a strong support level, and Im still confident we wont gonna fall under $7,500.

[buwaytress]

Hear, hear for the reaccumulators!

I'm a major re-upper, so forgive me for celebrating somewhat every time we get into an unexpected period of low prices. Sure, I take a hit too, selling sometimes coins I got at a higher price when earning, but I think overall now, I'm back into break even on dollar cost averaging. I am expecting price to go lower again actually, so will actually be into the negative again, but hey, every day in the negative is a better day when price does return to ATH and beyond.

When, not if!

[Duzter]

Market is good for daily traders with huge volume of funds as there is small scale price fluctuation between time. This perfect re-accumulation period of the ongoing market is yet to come. As the market has gained good resistance the value stays above $8000, even the fall below $8000 got recovered in a short. With this there is more chances for a downtrend before the big pumping which can be considered for accumulating.

[enhu]

Market is good for daily traders with huge volume of funds as there is small scale price fluctuation between time. This perfect re-accumulation period of the ongoing market is yet to come. As the market has gained good resistance the value stays above $8000, even the fall below $8000 got recovered in a short. With this there is more chances for a downtrend before the big pumping which can be considered for accumulating.

That is probably the one dip that we all are waiting for that I can buy altcoins that I have been trying to see whether I can get a christmas sale bonus from it with just about $500.  I'm starting to think I'd be late to buy a stash of some tokens already because the stability of BTC made investors look the other coins, as you can see the prices of altcoins are spiking every day.