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Author Topic: Now Bitcoin will pump or dump?  (Read 406 times)
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April 30, 2020, 12:43:37 PM
 #41

Both didn't go right.

It's just amazing how bitcoin could surprise us with a huge change in its price.
Now, it is at $9450 which is a long way from its last price at $7800.
Who would have predicted that?

It took out my plan to buy at a cheaper price.
But, let us see where this will go now. I bet there are a lot of bitcoin owners there who are now preparing for withdrawals.
this situation is the same as the price of bitcoin when it went down before. the price of $ 9k declined rapidly to $ 5k. Well, right now it seems like it's spinning. even like that, I'm pretty sure the price of bitcoin will still grow again. however, this is likely the effect before halving, so it's likely that when halving occurs, the price of bitcoin can be higher.

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April 30, 2020, 01:33:24 PM
 #42

I think we just found out the answer, bitcoin is pumping now and so yes it will pump.

However, we should be ready for a possible dump also, as I was thinking it could only be cause by the upcoming halving and after the hype, things will be back to normal again, you know, that's how crypto works, its very unpredictable, get yourself used to playing a big guessing game.

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April 30, 2020, 03:01:11 PM
 #43

I think we just found out the answer, bitcoin is pumping now and so yes it will pump.

However, we should be ready for a possible dump also, as I was thinking it could only be cause by the upcoming halving and after the hype, things will be back to normal again, you know, that's how crypto works, its very unpredictable, get yourself used to playing a big guessing game.

Yes, currently we see the price rise and rather strong but it's yet to see if this is going to last and for how long. I think that at the moment it's too early to conclude how price will behave so I agree that dump is expected too and users need to be ready for that scenario too. This is not only very sensitive time for fiat money and economy but for the cryptocurrencies too.

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May 02, 2020, 03:18:12 AM
 #44

Bitcoin news media appearing more confused and more oblivious than your average bitcointalk forum market analysts and predictors hehehe.



American Buyers Are Fueling Bitcoin’s Rally, Data Suggests

Source https://www.coindesk.com/american-buyers-are-fueling-bitcoins-rally-data-suggests



US Bitcoin Holders Worry About Chinese Control of the Mining Network

Source https://cointelegraph.com/news/us-bitcoin-holders-worry-about-chinese-control-of-the-mining-network

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