Post
Topic
Board Speculation
Re: Bitcoin going beyond $14,000 before May, history repeating itself
by
Oceat
on 11/01/2020, 16:17:22 UTC
Such threads gonna lead to more speculation which in turn will make people FOMO and this would lead to a price rise. I don't think that this rise will halving as the basis. It will be more of euphoric rise. People speculating and buying in. Halving is indeed a big thing for Bitcoin but it won't matter much if you only focus on supply and demand. But the price prediction surrounding it can change the sentiments to the great extent.
I don't think the price would rise due to speculation making people to FOMO. They will only lose their investment if they panic selling, they should know that if there's a price growth the possibility that it's a bull trap is higher. I didn't notice this kind of pump in the last halving part where before halving there's a sudden price increase.