Quote from: bakasabo on January 06, 2023, 09:27:18 AM

Quote from: BALIK on January 06, 2023, 12:27:47 AM

Quote from: bakasabo on January 05, 2023, 10:01:35 AM

Quote from: Riodarvg on January 05, 2023, 07:21:13 AM

The Bitcoin halving period could be a crazy time for Bitcoin and cryptocurrencies. Expect the price to go up and get a new ATH after each halving, so expect to hit a new all-time high after the next halving. Of course Bitcoin users and popularity will also increase.

Some posts above Bitstar_coin showed, that during last 3 halvings Bitcoin price did not show any major changes. At previous halving, a lot of people expected Bitcoin price to skyrocket, but the significant price change started after Elon Musk tweets. This time the world economy is in tricky situation, and Elon Musk shows low interests in crypto, so instead of huge price changes, I would expect no huge price changes at all.

And btw, you say "new ATH after each halving" - there was never a new ATH after halving. Bitcoin had ATH 1-2 years after halving.

Elon just entered the market in 2021, how can it be said that Elon created the growth of bitcoin? He is not a bitcoin creator or god to be able to do that, if he can tweet to make bitcoin hit new ATH, then I believe he has done it many times for his purpose of manipulating the market for profit. The fact that bitcoin always generates ATH after each halving means that bitcoin will not spike and reach ATH immediately, but it takes time, maybe half a year or a year later. Elon is not the savior of the market, he is just an investor like us, trying to follow the market to make a profit.

Wait, but wasnt the moment, when he added "Bitcoin" in his Twitter accounts bio, what has triggered first wave of market growth? Followed by Bitcoin acceptance by Tesla. Wasnt it November-December 2021, when the price grew to $20k, and later set new ATH with $40k ? I always thought that he was the one that triggered growth, that later turned into bull market in 2022. Not saying that Elon is the savior, but he was definitely the one who started price movement. And not halving, that Riodarvg mentioned.

I don't know if it's a coincidence or not, but can you explain to me the previous ATHs? the 2017 bull run when Elon wasn't in the market yet, and Bitcoin hit the ATH later halving. If he has enough power to make bitcoin go up and hit new ATH, why doesn't he do it now and moves to play with Doge? In 2022 the assets of the companies he runs have lost over $132 billion, I believe if he can manipulate bitcoin like that, he should find a way to recoup those losses.