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Author Topic: say welcome to THE FOMO...  (Read 513 times)
BrewMaster (OP)
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There is trouble abrewing


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May 08, 2020, 03:57:50 PM
 #41

Here is the thing. Everybody is expecting "buy the rumor, sell the news" because of what happened with BSV and BCH after the halvings. So since everybody is expecting a dump? Most likely it won't happen.

i wouldn't say "everyone", maybe a very small portion of people think that way but the majority either don't know what altcoins do or don't care. and keep in mind that these two are not the first shitcoins that didn't get a pump for their halvings and instead were dumped big time as miners left. much bigger altcoins like LTC expereinced the same thing. at this point people are aware that altcoin halving is equal to miners leaving and them dumping but bitcoin halving always means more miners coming and price shooting up to a new ATH.

There is a FOMO brewing...
Baofeng
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May 08, 2020, 11:22:50 PM
 #42

I think if we get past $10k before the halving, FOMO will continue post halving and could push it a bit further to $11k-$12k, and then after that, it's time to make profits for most investors and traders, so I would expect maybe 10% drop. I don't like to compare it with BSV or BCH though, BTC is totally different as far as miners support is concern. Maybe majority of the BTC miners got their hardware ready for the halving, specially big mining farms. For sort of mid level, it's a different story, maybe they will switch to other coins if the profit is not there anymore because of the difficulty.

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