Quote from: bitserve on December 02, 2019, 01:19:08 PM

Quote from: VB1001 on December 02, 2019, 01:11:21 PM

Quote from: HairyMaclairy on December 02, 2019, 12:10:28 PM

I cant tell you end of year. My crystal ball stops at mid December. And it says its going to be quite a bad time until then - low $6k / even high $5k possible. After that its all grey mist.

I have turned on the fog lights and I find it hard to believe that we will see low levels by the end of the year.

Maybe if we all agree that Bitcoin could dump again and stop taking for granted that the halving will SURELY send BTC to new heights... then the chance for that happening would be higher. I remain scared by the amount of people expecting moon (ie: $50K-$100K) as an inevitable consequence to the halving. It could lead to a big dump even right after the halving if things don't go according to the "plan".

That being said. I will personally keep hodling. But I hate to see so much "optimism" in advance. It could end badly.

What we need is more fear... and maybe even another pre halving capitulation. Or maybe not. Who knows.

In Bitcoinland everything is possible. Even a halving dump. I think not even the hardcore bulls here think for granted that several days after the halving the price will shoot up to 100K. It is possible, but not 100% sure. Even more, a price above 10K is not guaranteed as well. The effect of the halving can be felt only when the weak hands are gone and the whales stop dumping. I mean, we can't compare 900 BTC less on the market for a day, if we had some ponzi or individual dumping 100K BTC in several days. I think some of the dumps, if not all, were caused by few individuals who got quickly rich in BTC and hurry to sell them even with a 50% loss. Nobody can prevent a price crash then. BUT, what the halving means is that under the normal trading, the balance is changed in favour of the demand. So, we can expect the actual effect no early than 1 year after the event (which may be earlier, or later - again nothing is certain). And the effect will require also either many buyers, or a few but very rich to pump the price. And when the price surpasses 10K, it should be able to hold and stay above that. We almost succeeded keeping that price this Summer, but bad actors (manipulator shorters if they still exist, big miners with newer asics, weak hands) dumped too many BTC to crash the price. Hopefully, after the halving all odds will be in our favour. But nothing is granted, of course.

I will continue to buy moar and HODL, no matter the dissapointments. I have my beliefs, but not like a "idée fixe". If it happens - fine! if not, well I probably will still have at least 2x profit. I can live even with the loss in terms of fiat, like earlier this year. But I think that the current price is too low both for the miners and for the hodlers, so we should be able to stay away from the 6K area. If we fall below that, I will throw every fiat possible to find, even the kitchen sink, Grin

and buy moar! #stronghands #HODL