Post
Topic
Board Bitcoin Discussion
Re: What if Bitcoin never reaches a new ATH?
by
djsugar
on 11/01/2020, 14:21:14 UTC
this is what happened guys, in my assumption. Whales is waiting for everything to be quiet, bitcoin holders are getting tired. and most will sell their BTC. I saw this when I was 2014 last. which BTC has the lowest price of around $ 200. and at that time trading was not like today. that's when whales made a surprise by pumping, then continued until 2017. I believe bitcoin still has a new ATH and it will come soon.

This is similar to what I think about the current situation. Knowing that the price will inevitably go up in the upcoming months, whales are dumping in big chunks to make it as low as possible. Then they are buying up at low price, stealthily, in small amounts, very cautiously, so that it wouldn't spark the price rising before they accumulated the desired amount of BTC. I suggest to potential investors to take advantage of the situation before it's too late.
if manipulation occurs then we must be able to understand it, at least to be on guard and also to take place when the pump trend returns. and I think that for ATH can only be achieved but we must look at halving bitcoin first, if this year has the potential there is a good opportunity for some time to come.

There is another topic here showing(or, rather, reminding us) that the price not necessarily rises the same year. It can take a year, or even more than that, for the market to "feel" the the shortage of 27,000 newly minted coins every month. That's right, 27k less BTC will be produced each month after the halving. I think it should have some effect on the market, sooner or later.
I don't know how to make sense out of this. With the same supply per month, Bitcoin was $500 as well as $20k. Halving will not have much effect because you can't put the demand in numbers here. The speculation  before halving will make people FOMO and that will most probably lead to the price rise. Halving in itself won't have much effect.