Tone Vays Stands by $4K Bitcoin Price Pre-Halving Prediction

[TheAndy500]

I don't think he might be correct because 4k is far behind low before halving right now we can clearly see a bullish trend and it's moving on, I cannot see any signs of bearish trend also I went through few articles and did some research on it where I saw it will maintain from 8k - 9k before halving. This is something unacceptable.

Nothing is unacceptable on a risky market like cryptocurrency. We have already seen more than 20% drops in one day on BTC price. Signals do not always have to appear for a flash crash to start. With such low capitalization, all you need is one whale to dump several thousand BTC to trigger panic sell. And in such a situation we can see the level of $4k even in less than two weeks.

[1715214941]

1715214941

[1715214941]

1715214941

[1715214941]

1715214941

[1715214941]

1715214941

[fudster]

The market will always tell us something else depending to whatever we want to see. Tone seem to want to see it drop. Some of the moving average and indicators I use are also seeing that it will drop but now sure when. Pre-halving is about 3 months from now. There are much to happen yet. If indicators shows the market already sinks while price stays more than 8k, then Toney could be wrong. 

[DoublerHunter]

^ That is a big prediction. I don't think the BTC will go that low this year. $4,000 is really low for BTC to get on that price. Not because the bitcoin dropped quickly below $10,000 doesn't mean it is the best thing to know that it will go down. Probably Tone Vays is just trying to put his name on the news and will confuse the people's opinion and analysis about the BITCOIN. I am not really sure where did he base his prediction but it really seemed to be delusional. They knew that they can influence the decision makings of the herd so they can take advantage of it. But I guess this time, they will not win against the herd.

[Febo]

Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/

There is only 3 months left. There will for sure be a halving pump.  I simply dont see the time needed for this to happen. It is to late. December had a chance, now unless some huge economic catastrophic event  will happen. Coronavirus was on the great path to it, but as it all seems Chinese are doing great in the fight against it.

[stomachgrowls]

We wont see that low price once again yet we've been approaching nearer on the halving event where hype is already gradually building up.

Its no surprise that there would be negative or bearish predictions in times like these.We cant say that he doesnt have a point because we know that
this market can go to prices which we do least expect or simply shocking so i cant blame these people.

Technicals isnt precise anytime but there were always hard believers when it comes to their own analysis,.

[vintages]

$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.

[pooya87]

someone calling for $4k is not "being bearish" it is being stupid. a 60% market crash is not just going to happen out of nowhere when the market is already on the rise in a bull run. something terrible has to happen in order to be able to change the trend in the exact opposite direction and push the price down this low.
expecting $4k right now is like expecting $50k in early 2018 when price was falling from $20k, and is just as stupid.

We've seen two bigger price crashes last year, one ~48%, another one ~38%, and no terrible event preceded them. Depending on how one looks at things, we still haven't left the bear market, although the outlook is much more positive now than two months ago.

well it is all about size and current ongoing trend in the market.
the reversal hadn't happened yet in your examples. for example the 48% drop happened right after the downtrend stopped at $6k and things were stable but not reversed yet we hadn't seen any major rises by that time, only signs of "end of bear market" which we later found out were wrong.
but now, the trend has indeed reversed and price has been going up for most of last year and is currently up >200% from the bottom and things are positive specially with they halving hype. so a drop of that magnitude (60%) is not only a crash but also a trend reversal and they don't just happen for no reason.

however a drop of smaller magnitude like 10 to 20% or even worse case scenario: 30% is understandable.

[xvids]

Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/

How long has it been since we saw the price that low?
I don't really think that it would really happen now as we could see we are so far from it and the market manage to hold it high.
And the halving are pumping up the price so why would it fall down to $4K?
Are those any followers who are really waiting for his prediction to buy? I wonder how long would it takes for your order to be filled out or if it would ever be filled out.

[imstillthebest]

$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.

but take a look at the histroy of the price  . before that there was a huge bull  , the price also fell down too much after it  .  im not wishing it will happen but im only comparing or basing on the past . for me  i prefer if bitcoin will only rise and will only drop a few if ever people sells some  because that will be acceptable by me and other people that join this business . but there are those peeps that wants bitcoin to go down hard  , and i feel sad when i see them praying and hoping for it  ;(  .

[Reatim]

Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction. https://bitcoinist.com/tone-vays-defends-bearish-btc/

everyone can make their own prediction and specially these people that called tobe "Prominent' or "experts"/they are the one who is bringing shakes in market.because they don't want to support each others instead they all wanted to have their Names marked.so Predicting different from each other is what they do if ever the prediction comes Closer if they dont get exactly then it will be credited to their reputation right?but if they made mistakes totally then who cares?there is nothing to lose after all?

$4k is too low after coming this far.
Not that it's not possible for it to occur but I believe that price is way too low!. 8k seems more realistic than it and I hope his prediction won't occur.
Moreover, it seems like many are seriously buying Bitcoin lately because of the Bitcoin halving. We are not sure if there will be a price pump but the hype alone is stirring more Bitcoin buyers.

we came from 6k$ last Quarter of 2019 so there is nothing wrong to come back that level but $4k?lol that must be a Joke.

[alani123]

Welp, I wouldn't put too much weight into what anyone has to say to be honest. Tone Vays is a respectable guy to me from what I've experienced in terms of his work and how he strives to introduce newcomers in the space to bitcoin without any BS... But to attempt and predict the prices of a market simply ruled by demand and nothing else, is just nuts. Crypto prices have low to zero correlation with real world events and there's no notable seasonality with halving even. Most would argue that it can be a force to lead prices up, and this sentiment could be having an impact on the market, but for a bearish prediction also? I just find it too unlikely that any prediction would be accurate, especially this one.

Let Tone blow up on shorting then. But really, it might be in a trader's interest to pretend they're putting out a prediction while they're trading the opposite. It's one of the oldest tricks in the book.

[barbara44]

If you check previous articles about Tone Vays and his predictions, you will realize that he had some right ones and some wrong ones. Nobody in the world could be 100% right all the time without ever being wrong (at least that is what I think) but at the same time Tone Vays is a liked person with a good track record so I would give him benefit of the doubt.

Maybe he saw something that we are not seeing right now. I personally said the same thing about the halving for example, the current new machines are making difficulty go higher but thanks to them being bigger in hashes the people who will have the new machines will probably make a profit even if the halving happens and drops in half for mined coins. So the idea that "price has to double to cover the difference" is just wrong if you ask me.

[exstasie]

If you check previous articles about Tone Vays and his predictions, you will realize that he had some right ones and some wrong ones. Nobody in the world could be 100% right all the time without ever being wrong (at least that is what I think) but at the same time Tone Vays is a liked person with a good track record so I would give him benefit of the doubt.

Maybe he saw something that we are not seeing right now.

Absolutely. As much as I disagree with him, Tone Vays brings two things to the table. He challenges our bullish biases and forces us to prepare mentally for alternative scenarios.

And for those saying "everyone is bullish" he also serves as proof that not everyone thinks BTC is headed to the moon.

[KTChampions]

~
we came from 6k$ last Quarter of 2019 so there is nothing wrong to come back that level but $4k?lol that must be a Joke.

Halving that happens very soon will cause a crisis for many miners. It is likely that the price of bitcoin will fall because of this. Given the traditional huge volatility, a level of 4,000 does not look so unrealistic.
If you remember the beginning of 2019, then many people did not believe in growth, and then it happened. In the opposite direction, this also works.

[ene1980]

Bitcoin blasted through the $10K barrier once again this Sunday. But while the majority of analysts are hanging out the flags hailing the next Bitcoin bull run, prominent BTC trader and analyst Tone Vays stands by his bearish prediction.

I am sure he is shilling for a bearish trend so that he can invest when the market goes down other than that there is no way you can predict that the market would go the other way, all these analyst and predictors want to create an image to the investors so that they will dump when they see a market correction expecting a huge correction and to reach $4k the market needs to shed $6 k from the current valuation which is a huge difference which i do not see coming.

[STT]

Vays has a bit more sense then to think he would profit from disinformation.  He already has the great privilege of being paid to give lectures are conferences and so on, thats by calling ongoing trends in crypto that are realistic.   He seems to think there is some vast possibility of a bearish outcome to any conflict in price, I think it could only occur from an event.   I did recently hear of USA regulations incoming for crypto that could lead to selling perhaps, thats the only hint I thought could lead to a 4k scenario.

[Lucius]

It is absolutely ridiculous to me to see people behaving like sheep heading in the direction of the herd leader, even if he led them into the abyss. Why is it important what Tone Vays thinks? Well he makes money because he sells his opinions, and everyone who invests their money listening to people like him end up with short sleeves sooner or later.

I have nothing against some Tone Vays, to me he personally has no meaning, he is just another in a series of so-called experts who to be honest know nothing more than some people here on the forum.

Is this same man who predict $7500 top back in 2017? Personally, I would never open my mouth to the topic of Bitcoin again if I had been so wrong in the past, of course I am speaking from the position of someone who is influential in the crypto community. So if in next 3 months price stay above $10k, should we mark Tone as bad speculator, considering 2017 as well?

[serjent05]

One thing that comes to my mind is that Tone Vays see the opportunity to get more attention.  While everyone is going north, the one that goes south will have all the attention, and that's what happening now.  This is probably intentional, I mean, he intentionally goes bearish with absurd very low prediction to get people's attention and I guess he is very successful in it because right now, we are talking about his statement and we tend to agree or disagree with it.


Personally, I do not mind what these so-called experts says about the Bitcoin market trend,  without any strong proof (TA or FA) they are just blabbing non-sense.

[iv4n]

Nothing interesting in this article! Except that Tone Vays stands by his prediction, there are no other arguments about why he believes that Bitcoin can drop to 4k. It would be a huge drop, for more than 50%, and just before the halving when we expect hype? To me this drop sounds impossible, I think price will drop but to 8k, or around that. Only thing that is good in this article is one sentence:
"Tone Vays responded that there were still two months to go and that “anything can happen.”
We all know that anything can happen in crypto market and that anything can happen in short period of time. For me dropping under 8k is almost impossible, very low chances that to happen, but in the end who knows, we will who is right in next couple months.

[Dart18]

I doubt that.
Bottom is like $6k for now.
We may not be seeing it less than that.

We are in $10k now for crying out loud. I know BTC is volatile but as we have seen it didn't really surge in price with just jumps.
It is slow which just means one thing for me. More people are coming in.