Are you ready for the Halving ??? Not that Halving, the PRICE Halving of Bitcoin

[Bitcoinpro]

bitcoin price in USD aint that much different from the DJIA value and might actually be even closer soon 

[TheBeardedBaby]

What is the point of the FUD OP? We have gathered here strong bitcoin believers and I see no way you can break this apart with your assumptions.
It is an economical crisis worldwide and it is completely normal everything to go down. People are still not so confident to buy or trade crypto in general because the market is very dynamic and big part are thinking it's a bubble, which it isn't.
Now much more people own bitcoin than 5 years ago, most of them have no idea of how the markets are moving, they just sold their homes back in 2017 to take this amazing investment opportunity.
Basically dumb people are dumb, you can't help it. When there is 2000$ or more move people start selling in panic no matter what asset we are talking about.

Let's keep it real, there is no "safe haven" assets ( except for the toilet paper there days).
Bitcon will be here long after we are gone. Don't worry.

[arwin100]

Are you trying to fud people here? since we don't need that news for now and although the price is pretty much crashing right now but still I believe that the believer is just watching the movement of the market and waiting for the correct move for them to earn, although the status for now is bit questionable and many assumption came but a high possibilities that we can go through on this challenge since the economy of bitcoins will not fall on any fuds since many economically rich man backed it up for their own benefits.

[davis196]

I'm always ready for anything, even on that price of BTC drop to 0. I don't understand your sick obsession with saying something to someone xx times, for exactly which reason? Anyone can do whatever they want with their money, invest it in BTC, left in the bank or use it for kindling fire on which will bake barbecue, what problems do you have with these facts?

Stop wasting your and our time and find yourself some other interest, you will not change anything.

People,who talk BS will always talk BS.We can't do anything else except ignoring them.
The OP is probably frustrated,because he lost money,or just because everything goes down,so he wants to lose some steam by whining somewhere online.The "price halving" of Bitcoin already happened.Last winter (2018-2019) the Bitcoin price was around 4K USD and there wasn't any coronavirus and no global recession.
Now there's recession and global panic and the Bitcoin price is still around 5K USD.I'm surprised,but I expect another downfall.Whining about "safe heaven" and "digital gold" theories doesn't help.

[In the silence]

Your statements are a bit negative about Bitcoin, I bet you are stacking Bitcoins now and fudding around to buy more cheap Bitcoins.

Majority of the members here in the forum dont buy that anymore, I advise you to take your fud somewhere else.

Goodluck!

[Sadlife]

Stocks and Cryptocurrency are actually correlated, if your an investor then you must know that the price fell because of the financial crisis because most of them are also invested in Bitcoin (it's called diversifying) so when their investment failed in stocks they have to cover their losses by liquidating their Bitcoins to pay debts.

So initially BTC will do bad in the recession, if you still dont see it. Your highly praised stock market is on the brink of collapse. If you dont realize it then you might get rekt.

[Kakmakr]

Then Gold must suck at being a Store of Value too, because it has been going down with 8.1% in the last 30 days and also almost 2% in the last 60 days. < Source : https://goldprice.org/gold-price-history.html >

You are not getting it, the whole world economy are taking a beating at the moment and some investments are taking more strain than others. Bitcoin might take a short term drop in the price with all the fud and hype over this whole Corona virus thing, but once people realize what it is, then the price will quickly bounce back. 

Bitcoin has the reputation to bounce back with a vengeance. 

[bhabygrim]

1.   IF BitCoin was a safe haven or " Digital Gold ",  this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

2.  BitCoin price is CRASHING in its first test in a crisis, so much for the " Digital Gold " BitCoin as a safe haven narrative...    REALITY: More people are selling BitCoin than buying it in this crisis, hence the price drop.

3.  BitCoin was initially pumped up as alternative to Fiat Currency, to use for everyday Transactions...  When that false narrative of using bitcoin as money failed, they changed the narrative to BitCoin as " Digital Gold ".   Now the narrative of BitCoin as a safe haven is rapidly falling apart...  How many times do you have to be fooled before you start to figure it out ?

4.  The last 10 years of BitCoin has been an Economic Bubble and good times, where everything was going up and could not lose.  EVERYTHING IS DIFFERENT NOW.   The good times of the last 10 years are OVER.   Anyone staying in the stock market, or BitCoin, or anything else that went up in good economic times is going to be in for a very hard life lesson 

Hard Facts

How could you be so sure that it is already over?
We have seen it drop down from $20K to below $4K,
And now you are telling us that it is the end because it went down from $10K down to $5.7K?
It isn't just Bitcoin that has drop down due to this crisis so is it also game over for them?

[shoreno]

- snip-

How could you be so sure that it is already over?
We have seen it drop down from $20K to below $4K,
And now you are telling us that it is the end because it went down from $10K down to $5.7K?
It isn't just Bitcoin that has drop down due to this crisis so is it also game over for them?

he didnt say that its over but he is only explaining if what are the causes of the dump and people better not expect too much  . this isnt already over for btc but this is just one of the traits of btc  . we are now on the dump phase but soon we will experience a pump phase  then back again  .

price drop before was normal because it isnt dump too much while recently the drop seems to be abnormal as it drop further the expectation point  . this scares most of the people and result for them to panic and say unwanted things  .

[HardFacts]

How could you be so sure that it is already over?

It isn't just Bitcoin that has drop down due to this crisis so is it also game over for them?

I mean to say the GOOD ECONOMIC TIMES of the last 12 years are over...  BitCoin grew up and has only known an economic bubble where almost every asset has gone up !!!

I have no idea what BitCoin will do in the future, but any rational person would look at its first ever test in a Crisis and be very worried.

Hard Facts

[SUMBI99]

At the moment Bitcoin it prove to the community that the asset stores value just like other assets, as you came to see market are all down and the world economy reported to going a little bit down if there were no impact on Bitcoin with the economical situation worry on bitcoin would rose, but strongly Bitcoin shows it is a real asset which may be used like other assets in storing value. No worry everything is ok and a good time to buy.

[HardFacts]

Then Gold must suck at being a Store of Value too, because it has been going down with 8.1% in the last 30 days and also almost 2% in the last 60 days. < Source : https://goldprice.org/gold-price-history.html >
 

WRONG, WRONG, WRONG:

You are looking at the manipulated paper price.  Just go out and try to buy the REAL COIN today, you would be very lucky to find any, and if you do you will pay a LOT, LOT more than the paper price      That fact should clue you in as to where prices are going  

BUT anyone can easily buy BitCoins all day long at 1/2 price...

Hard Facts

[wxxyrqa]

I believe that cryptocurrency users should be more optimistic in the current situation, especially if you take into account the previous halving in 2013 and 2016, you can see that the results of the cryptocurrency market improved significantly after this event.  in addition, from 2016 to the end of 2017, we observed a very sharp and active growth in bitcoin up to $ 20,000.  I believe that this year will have almost the same results.

[HardFacts]

At least the stocks took a breather recently and crypto started bouncing back a bit after that wild ride. Hopefully it will start to settle down soon.

Stocks are still in bubble territory and still MASSIVELY OVERVALUED.   Personally I would not put one cent into the stock market now.  

NOTHING goes up or down in a straight line, some of the biggest rallies occur in market crashes.

Look at the world two weeks ago, and then look at where we are now, would you have predicted this  Given what is going on, do you expect things to suddenly get BETTER   REALLY

Do not " hope " or " wish ", look at reality and THINK...

Hard Facts

[fiulpro]

Well time and again bitcoins have proven to be extremely volatile , increasing *10 times over night and sometimes decreasing till an unexpected extent in a matter of seconds .
Therefore I do think Halving will for sure happen, because people are now selling bitcoins to stock up for the groceries and at the same time they are doing their bit to make sure they have money for the quarantine .
So I do think holding is only for rich people right now .
Therefore people are using bitcoins that's good .

[Ozero]

Last week, the price of bitcoin has almost stabilized at the level of 5100-5200 dollars. It started that people have already made their necessary purchases and are ready for quarantine caused by the spread of coronavirus. Today, we are seeing a good increase in the price of bitcoin by 14 percent - up to $ 5929. The price of ethereum also increased - up to $ 129 and the entire cryptocurrency market. Apparently, this is due to good news from the USA and Italy about testing a vaccine against this virus and the absence of new coronavirus cases in China today. As soon as coronavirus spreads, the cryptocurrency market will continue to grow and Bitcoin will again quickly overcome the price of $ 10,000 and go up further.

[Artemis3]

Last week, the price of bitcoin has almost stabilized at the level of 5100-5200 dollars. It started that people have already made their necessary purchases and are ready for quarantine caused by the spread of coronavirus. Today, we are seeing a good increase in the price of bitcoin by 14 percent - up to $ 5929. The price of ethereum also increased - up to $ 129 and the entire cryptocurrency market. Apparently, this is due to good news from the USA and Italy about testing a vaccine against this virus and the absence of new coronavirus cases in China today. As soon as coronavirus spreads, the cryptocurrency market will continue to grow and Bitcoin will again quickly overcome the price of $ 10,000 and go up further.

Say i didn't say so.... Oh wait, i did:

The real question is, Are you ready for the doubling? Because once the economy recovers and the virus becomes a thing of the past, this market is full of cheap things to buy. In fact, China has already announced their crisis to be ending, so they are returning to work and production. And what do they find? Everything has gone dirt cheap in the world (except masks, maybe).

I think the time is nearing for you to buy cheap before the Chinese start doing it...

I think this bear sentiment will quickly move into bull soon. Don't say i didn't warn you.

China is awakening from its slumber, and the market is very cheap, for them to buy because "communist" China has one of the largest population of "billionaires" in the world (ie. Lots of Jihan Wu(s), Changpeng Zhao(s) and the like. I seem to remember reading there is like a million of them, making China the largest market of rich people in the world (yes, the wealth is very uneven there, having the largest population).

And they with all that money lying around finding some opportunity to make more... See the world stock market "in recession". And cheap bitcoin, and even cheap precious metals...

I wouldn't be surprised if it does reach 10k, but even 7.5k+ is fine. If it goes past 15k it should "correct" later. We will see how bitcoin performs on its own.

[Alanin]

I dont think OP knows how the economic system works in these kind of situations..


widespread panic causing fonds and people to sell out of their assets in order to accumulate cash as a social-security. Industrial companies to temporary, if not fully to shut down as the world is'nt running on a functional level.

How would this situation benefit any value storage at all??


Bitcoin is nowhere near crashing.. it simply dropped a few more %'s, since its total market value is way lower than other markets.

[philipma1957]

Op  is pretty clue less as to what will happen with btc.

The billionaire club has about 2100 people

2100 x 1,000,000,000 =  2,100,000,000,000  that is 2 trillion dollars but the average billionaire is worth about 7 not 1  so  14,000,000,000,000 in the hands of 2100 people.

WHAT happened was a worldwide disaster.  Those super rich people shifted and moved wealth all over the last 20 days.

They now sit back not fearing all their money is at risk what do they do with money they turned into the safety of cash.  They look for places to move the money.

and BTC looks really good compare to shares of stock in

the hotel business
the oil business
the airline business

all those companies are looking at 6 to 9 terrible months of profit.

yeah  the ventilator builders looking good. but not too much stock available as the companies are not huge.

Hmm what about bitcoin  lets see  don't need a lot of workers.  can mine in an empty warehouse .  maybe  it is safe place to put in some coin.

as I type back over 6200.  10 k coming soon as people realize it is an industry that  : can  self isolate baby.

Look for a  huge monster god like amazing POW coin rally for the next 4 to 6 months.  Funds will shift to   btc and other mineable coins bigly and the op will look like he was a fuddy
duddy troll.

All time high by dec 1!!

[crustycrab666]

Seeing this hard fact,

what does the OP think? Most of the OP's responses to the members above are always contradictory, we should realize that the crypto world is a unique niche with extreme changes, so don't easily draw conclusions that the BTC bubble, btc scam, btc die, etc. just because of the fact of falling prices at the time narrow. Seeing a lot of negative responses, has the OP ever experienced bad things when investing or trading with BTC or another altcoin?