One more dump before halving?

[dothebeats]

A lot of scenarios are actually possible pre-halving, and having a huge dump before it materializes is one of them. We've seen it happen a lot of times, only for the price to climb back up after the exact event happened. This happens so as to make way for deep pockets to have an immense amount of profit at the end of the hype, and if you are a regular trader who appears to not know what's happening or read something between the lines, you might be missing out a huge payday weeks after the halving concluded.

[YuginKadoya]

Bitcoin is volatile anything is possible for the price of Bitcoin and as I look at it there can be dump because of manipulation and panic as well, And this month of November and December will still have a slow pace and a dump this November will sure occur but the year 2020 can be a relief for holders and newly investor as well because that will be the time the price can increase significantly, I don't know about all of you but I am pretty excited about the year 2020.

[Darooghe]

My guess is still to the downside until price closes strongly above $9600-$9800 and then above $10,000 by at least a 4 hr candle at which point I shall close my sell trades. Yet, I do see even now, that the daily candle is painting an up move scenario as price keep retesting and bouncing from a support zone. However, the weekly scenario and Elliot waves count tell me that as long as we do not have a strong weekly candle closing above $12,000 price zone,the impulse move is till down, at least I am looking at price dropping to $7,000 and possibly between $6700-$6400.

[teosanru]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

Halving actually is still pretty far away like 7 months from now. Even if there has to be a dump before halving there is a lot of time for such a dump to happen. I think we might even see a pump before the halving. It's too soon to relate current price action with halving which is going to happen after 6 months .

Can't we all just hope for a nice, slow, steady gain in value instead of wanting bitcoin to rocket to the moon?

You can hope as much as you want, but "nice, slow, steady" are not words that can currently describe Bitcoin. It is appropriate to use words like explosive, volatile, unpredictable, manipulative, and if you want something stable and relatively secure, there are gold and silver as alternative investments. We must accept that the cryptocurrency market is very small compared to other markets, and therefore subject to manipulation of pumps&dumps. If you buy $100 million worth of coins now, price will jump - no doubt about that - if you dump that amount worth of coins, guess what happens?


We have dumps a few times after price is hit $14 000, and this is the normal state of things. One should not expect that the price will be stable, and what we see is that price can not stay too long on same level. The current situation is saying to me that we should expect one more dump, for a simple reason - there is no power to push up.

I think nice slow steady are three words which btc price has never shown. It has been ruthless fast and swift. I think it's the nature of this asset and we will still see a lot of volatility.

[Palider]

I don't think there will be a big dump now. People in 2017 were unaware of what would happen when bitcoin halving came and whales actually had the advantage of spreading fud then. One of these is that we lose bitcoin in our wallets when halving is came so we have been advised that we cash out our bitcoin and convert it to fiat immediately. So whales have had the opportunity to buy cheap bitcoin because  people think that there bitcoin will really gone when the bitcoin halving is success.

That doesn't make much sense and whales just did it for the price of bitcoin to fall.

[electronicash]

we don't know what could happen, the big dump in few hours and price can bounce back right after an hour which could be enough for the whales to at least buy a hundred to a thousand of BTCs for their stash before the real pump cause by halving. if you have funds to wait for that to happen you can wait for it. for those who has nothing its just fine, they just miss the biggest opportunity.

[darkangel11]

Some traders are still waiting for 7500 but I don't think there's any reason for us to revisit that level other than the 50WMA that is around 7k level and works as a total bottom support for this trend, so the drop is possible but unlikely.
I think we will go up from here or maybe have a very small dip to retest the support at 9k again and go up from there. In a time like this it usually comes down to the news. Bullish news can take us up without a retest.

[Doell]

well no certainty that there will be a dump before halving indeed a possibility will always occur yeah ,the current situation may be different from history because crypto market strategies will always change with the uniqueness of prices ,expect anything so that the expansion of adoption occurs to make prices more mature

[BigBoy89]

I spoke with a few friends miners. All but one are claiming they are holding all mined coin for the times after the halving. Their hopes are that the halving will rocket Bitcoin price at least with 30%-40%.

IMO there will be a vacuum before the halving instead of a big dump.

[figmentofmyass]

Are we going to witness major dump before halving?

we are about 6 months out from the 2020 halving. let's look at what happened the last two times:

-the 2012 halving occurred in november 2012. from may to november, price rose from $5 to $13.
-the 2016 halving occurred in july 2016. from january to july, price rose from $350 to $780.

food for thought.

[ashmodeus]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

i guess you are really paranoid to whales gaming,right ?
considering the fact from a few weeks ago , i dont see whales have a chance to playing fire game.
when btc drop below 9000 i believe someone overthere will backing it and buy more, blockchain is very influential in today's world,the first blockchain project is bitcoin.
and for god sake,halving will be done in May next year , 5 months is a long time for all possible possibilities.

[Wysi]

Most investors are anticipating that to happen before halving, but we don’t know how major players will play their card this time or maybe market could act different from past halving. Lets remember that history do not guarantee future results.

Yes that's what even I am thinking about as every single user in this forum is aware of a possible dumps and I am bit skeptical if the whales will really create one more dump knowing that the market is already aware of their pattern or do something different to avoid it's traditional pump and dump game as the users might reach differently this time.

[Wysi]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

i guess you are really paranoid to whales gaming,right ?
considering the fact from a few weeks ago , i dont see whales have a chance to playing fire game.
when btc drop below 9000 i believe someone overthere will backing it and buy more, blockchain is very influential in today's world,the first blockchain project is bitcoin.
and for god sake,halving will be done in May next year , 5 months is a long time for all possible possibilities.

Yes I was kinda paranoid or confused whichever suits better due to the past events and it was like two different thoughts like positive in heart and negative or back up plan running in the mind and I am sure I don't stand alone at this situations, but after going through some facts and figures from experts who have replied to this post I am more confident that whales cannot risk manipulating the market as we are prepared for anything and there are people to back up bitcoin even if it goes down.

[Oceat]

We don't know if there's one more dump since the market is very volatile and price manipulation is always around the corner. Which means there could be another dump that might going to happen soon. Let's just say there's a FUD created, then that would trigger the market for another dump. And besides, there are still six months left before the Bitcoin halving.

[arwin100]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

i guess you are really paranoid to whales gaming,right ?
considering the fact from a few weeks ago , i dont see whales have a chance to playing fire game.
when btc drop below 9000 i believe someone overthere will backing it and buy more, blockchain is very influential in today's world,the first blockchain project is bitcoin.
and for god sake,halving will be done in May next year , 5 months is a long time for all possible possibilities.

Yes I was kinda paranoid or confused whichever suits better due to the past events and it was like two different thoughts like positive in heart and negative or back up plan running in the mind and I am sure I don't stand alone at this situations, but after going through some facts and figures from experts who have replied to this post I am more confident that whales cannot risk manipulating the market as we are prepared for anything and there are people to back up bitcoin even if it goes down.

Actually I'm also afraid for events turned out since same as you I actually don't know if we can see a positive results on next following days since the ghost of what happened last year keep chasing me and actually I lost some money when bear market strikes. But hopefully that the prediction that we can see a good lift from the market will came true really since same as me I'm totally positive that we can get a great output the same on what happen last 2017.

[Getmon]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

That is also what the others are saying based on the previous charts. Before the pump that is believed to be caused by halving, there is a dump that happens. But we have very limited data on this except for the two previous halvings. Obviously though, the cryptocurrency environment is much different today than four years ago. So whatever pattern created by the two previous halvings may or may not occur once again during the incoming third halving.

[Inkdatar]

We don't know if there's one more dump since the market is very volatile and price manipulation is always around the corner. Which means there could be another dump that might going to happen soon. Let's just say there's a FUD created, then that would trigger the market for another dump. And besides, there are still six months left before the Bitcoin halving.

Since price is volatile this is possible we could see the dump before halving. But, in my view it could not go deeper as the usual case it could bounce. Actually manipulation can happen but once there’s a dump of price an opportunity for some to buy back at lower price. A lot of possibilities can happen before halving so let’s see this coming months at what price it will heading.

[maydna]

I hope if somehow we are going to see a dump for bitcoin price, it will not going too deep. Perhaps, the price will adjust to $7k-$8k, and then after the price reached that price, it will start to increase and hit the highest rate in the nearest of halving. But if there is no chance for dump, I hope the price can slowly reach the higher price and break $10k first and stay at that price for a while.

Everything can happen in the last six months before halving, so the dump can happen too, but I think it still a mystery to us to predict what will be going on with the bitcoin price.

[Pamadar]

We don't know if there's one more dump since the market is very volatile and price manipulation is always around the corner. Which means there could be another dump that might going to happen soon. Let's just say there's a FUD created, then that would trigger the market for another dump. And besides, there are still six months left before the Bitcoin halving.

We can't say accurately but if there's another dumped it will serves as an opportunities to someone who still believing that there's increase that will
happen afterwards. Investors who are optimistic will not be worried but instead use the chance to buy more of those cheap coins that being sell around, wise investors loves to take every potentials and keep aiming for the bottom and keep it on hold  while waiting for the market to pumped back and bring decent benefits.

[wajik-tempe]

Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?

Halving is still more than a half year ahead, so i think many dumps is still possible to come because before people make the price pump after halving, they want to make a short profits from trading. So i think there will be several dump before halving and after halving price won't pump instantly just like in 2017 price pumped hard after 6 months of halving