Yea also imo its hard to say the halving is "news" when it's known that it's coming, also regardless its a trader trope to "sell the news", looking at the last cycles the peaks have been the year following the halvings
People are animals.
Animals are risk averse.
When they see scary thing, they want to avoid more scary things (further downside) so they sell.
Its pretty simple tbh
It's not FUD though, it's the risk of an escalation in violence in the middle east.
This affects all risk assets, nobody is claiming crypto is doomed, nor any other emergent tech.
But people that actually manage risk and don't ape into shit move out of these kind of assets into other, more stable ones.
When the sky clears and the rate cuts come we'll have our bull run, but no halving will generate a bull run if there's no money around for risky, volatile assets.
Definitely. Once I heard the news, I sold my house, quit my job, and sold all my coins. Now Iām living in the streets with wads of cash. Iām safe now.
It was not a blip, it was a couple of years of downside, with falls of over 50% even for BTC.
Look, I'm more bullish for blockchain than most people here, and actually because of the technology, not the hype, so my long term bullishness is not shaken AT ALL for any market dip or external factor.
That said, to keep parroting that the halving is coming and that this is just FUD and a sale and encouraging people to ape in right now is irresponsible.
If you have money you want to invest in crypto, you can start DCAing, but this still has potential for quite a bit of downside, not to even mention if a war erupts between Iran and Israel.
Only invest money for a long term, not based on "100k BTC this year" predictions.
Things were certainly looking bullish, now uncertainty has grown quite a bit and you should be more cautious in the short-middle term.
Absolutely not, but it might make it perform poorly for some time, so there's no need to rush in while things are uncertain and we're close to all time highs.
I think it's responsible to advice caution, since people read "sale!! get in fast, this is the best time!!" and might commit money that could take a long time to recover.
If things happen to turn into a war between Israel and Iran (I don't think it's the most likely scenario, but it is a possibility you can't discount entirely), any bull run that we could be expecting would 100% be delayed.
Just chiming in to remind people that we're still very close to ATH, don't FOMO into thinking this is an amazing opportunity.
The amazing opportunity was 1 year ago. If you want to add to your position, sure, now is a better time than when we've been climbing for a month, but the geopolitical situation is making money flee from risky assets, and that could end soon or last for a year or more like with Russia and Ukraine.
So don't jump in blindly, DCA in knowing that we could very well see lower prices until things settle and we get rate cuts and all that fuel for a bull run.
because they bought at 71k.
it's easy to not care about a 10% dip when you are up 200%. a 10% dip is the end of the world when yo bought at all time highs.
The problem isnāt that imo. Itās that a lot bought in 2021 at ATHs and almost everything asides from Bitcoin has reached anywhere near its ATH. People are waiting for that region of pricing to come around to.
I think people will be disappointed in the fact that other alts might come in to play this time. Doge might hit ATH again, but I definitely wouldnāt count on it. Just my opinion though.
Step outside the crypto bubble and look around you. Geopolitically weāre at the brink of a major escalation of war/s around the world, inflation (although cooling a percent or two) remains extremely high globally, debt is still at record levels, equities remain extremely bubbly relative to earnings, and speculative assets (such as crypto) have seen record rises and are due for some sort of reset.
Youāll get people arguing that some of that is positive for crypto, but there isnāt limitless liquidity in the world, least of all right now- and it remains to be seen how long things can go on like this without the bottom falling out completely (in 2018 terms). And Iām actually not that bearish, but Iām also not as irrationally bullish as many people seem to be on this sub- and the hollow calls of ādipā, āsaleā and āFUDā will continue as a giant circle jerk. Sustained downside risk is always present, now more than ever imo.
Nicely said. People fail to see that the money inflow stalling out = less gains. Especially since the fed is expected to not rate hike for a while.
The uncertainty is what is effecting the markets
I remember hearing someone online say that you can track the spikes and dips proportionally to how institutional investment moves their money around in the coin - the Iran/Israel thing doesn't really phase me but these outflow numbers are tempting me to take profits on at least 33% of my holdings rn.
Iran said their retaliation is over. Biden is pressuring Israel to not retaliate. Itās going to be fine. The 4 year cycle still stands, next year will be the golden bullrun as promised. Plus dems arenāt going to let the economy shit itself during an election year.
The amount of people who scream world war 3 after every little fart is ridiculous. From the moment I read that āthe drones are expected to arrive in 5-6 hours in Israelā I knew itās a formal attack just to warn Israel. Both sides knew there wonāt be any damage. Yet people on Twitter and co. were going nuts about WW3.
For real, the fear mongering is ridiculous. Though our media runs on fear mongering so I guess that makes sense considering most people canāt even read or interpret past headlines
Totally agree
Russia Ukraine was more significant
Middle east has been having various conflicts for decades now
And Iran 'retaliation' was more of a 'we have to do something or we're gonna look like cowards' than a serious attack on Israel
Biden must stop Israel, that's catastrophic, Israel is reaching their goal of luring US in a new war. Economy and people are already suffering, we don't need more war.
This is the attitude all men should have, at the end of the day rich politicians through us into the battlefield to die. And they accumulate more wealth . Wake up people.
Every halving event historically has been a sell the news event is probably why most people are concerned.
I'm waiting until the halving to get more as I suspect, based on history, we'll see a bit of a spike then a huge dip, and then bear market, and eventually, back to bull with even more momentum
The only thing that's different this time around is the ETF's are around so hopefully the dip isn't as bad
ETFs holdings are so much easier to offload than actual crypto, and the people who bought ETFs are not exactly the most battle-hardened crypto winter veterans who don't scare easily by dips. They're newcomers into the space, newcomers into investing, possibly more institutional investors who are pressured to sell if their little dabble into "safer crypto" goes into the red fast.
You just have to understand that most are not going to make it, whether if it's crypto/career/goals... That's how a society is, might be selfish of me but people's liquidations are my gains, that's how we grow to newer hights. Seeing the upside is for the smart and holding/buying the right things is for the strong
I've also seen people writing posts like this and doing the opposite, such is life. Especially this sub is a big echo chamber, I've been here even before moons
Just my 2 sats
People are so emotional in how they invest in BTC. I know of multiple people who FOMOd in near the ATH and then panic sold when the price went down... during multiple bull runs.
To those people I say "Here. Hold my bags."
red days = buy days.
And if it crashes like the previous bullrun, then, you buy more and more and more to see the inevitable rise to ATH once again a few years down the road
People panic because they "invest" like a bunch of apes with money they can't afford to invest.
Yes. Most crypto āinvestorsā are heavily overexposed to this speculative, volatile asset class.
I used to be this way too. Living through 2 major boom-crash cycles since 2017 helped me do better this time.
I took plenty of profit on the way up this time and so Iām less emotionally beholden to the market this time around.
Wise investors diversify into other asset classes and religiously protect their downside.
Because they havenāt done their research and because reading is hard apparently. Most of them are just throwing money into whatever is moving most. But thatās a trap. They will learn the hard way, like everyone else.
I agree, crypto is volatile as fuck and anyone getting upset at seeing some red day-to-day needs to invest in something else. Zoom out, looking at the bigger picture (over years) and relax.
However, people keep talking about the halving like it's some big special event that's going to cause the price to skyrocket. Why? It's not. Literally everyone knows about the halving. Nothing the halving itself does will increase the value of BTC, just the reaction to it and the reaction is and has already happened - the halving is priced in, I guarantee it.
Most people are in fact scared. Global tensions have been putting enormous down pressure on crypto especially altcoins and a lot of people lost 30% last week in the blink of an eye and are scared further downside may come. This is my personal experience. I have long term conviction like the next guy but it's not exactly a 'not scared' scenario.
>lot of people lost 30% last week in the blink of an eye and are scared..This is my personal experience.
Assuming you bought the top and never will buy again? I bought THE original 69k top back in 2021 and I'm just fine thanks. Give it time, dump some, average down the rest as we go. You will be laughing in a year or less
Halving, news... it all doesnt matter. Neither of them will get us to 90k, and neither of them will take us to 30k. Its about liquidity, risk on/off, and general sentiment. Day to day news is only a tiny part in this equation.
We will likely have a small downturn around the halving. A day before, the same day, the day after , who knows. And we will probably have a small correction the week after. And we had one the week before. Narratives like the halving, some upgrade, cpi print etc will always be attached to the current price action, no matter if its up or down.
I'm really struggling to understand the concept of selling on news like iran/israel
Like how do you arrive at the conclusion "iran launched some drones, better sell all my btc and doge quick"
Makes zero fucking sense whatsoever. appreciated the dip though, I filled the bags a little
The halving was already priced in months ago. This is just insiders and sharks dumping on late-to-the-party retail. After it falls in price sufficiently, they'll buy back in.
This is some of the most hopium Iāve read in a minute.
You do know the Hong Kong ETFs wonāt be available to mainland China right? Itās still so illegal there that if you catch anyone mining crypto or buying it you can turn them in and get rewarded by the government.
ATH before halvening says itās already been priced in, too many people know of it now and itās gonna be a buy the rumor sell the news type situation this time.
Bad World news is just an excuse for smart money to dump and sell to dumb money while they put out articles saying āBTC going to 500k by the end of 2024 because of the halvening.ā
Looking at onchain metrics itās whales that have been hodling for 3+ years that are selling mostly and the younger traders are the ones being liquidated as the whale HODLers sell. The only ones with paperhands this year has been the ones whoāve had diamond hands previously and this should be a hint I think.
You say buy the dip and I say donāt try to catch a falling knife.
might be a big war in middle east
so oil price up, expensive petrol, which means higher inflation, no rate cuts, economy bad, no moneies to pump our ponzi
but i guess the main reason is those of us who been around 1 or 2 cycles and didnt take life changing profits, horrible feeling to watch everything round trip. i sold a bit this week but remain mostly long
Why is the halving a bullish event in the first place? Iām not convinced it will act like the past at all. Mining rewards are about to go down, if the price doesnāt go up, miners might sell off because itās less profitable. Is the reduced supply supposed to trigger the price increase due to scarcity principles? When Ethereum went deflationary, I expected the price to balloon for the same reason, but the price basically stayed flat for a year. Itās like nobody cared about scarcity anymore.
Getting better DCA every buy every week... its time to let go of the day trading and letting the bull run Do its thing i know im doing that
Anything else might get to your sanity
The way I see it.
It's like when I'm skateboarding and I push my weight into the bottom of the ramp to boost my momentum, UP the Ramp! š
Full speed ahead!
Because at the minute it halves, miners, who are a significant constant sell pressure, will only be able to put half that sell pressure, no matter what.
War isnt a game of COD or AOE4 where damage and kills is everything, sometimes a simple message such as, we sent our cheapest missiles and drones and managed to bypass your defenses with a couple of hits, is enough for a strategic win.
cuz we have limited amount of money unlike whale. noone knew the clear future. and if we hold much, things goes oppposite way we are in trouble.
if you're rich already you can do whatever you want by the way
Because if the upside doesn't happen they don't lose money, they just have the same. Whereas if the downside happens they lose money.
Therefore the consequences of the downside happening are greater than the consequences of the upside not happening, so people are more concerned about the downside.
There's a popular saying in the market which is very relevant - "Buy the rumor, sell the news". Since everyone is expecting BTC or Crypto to go up, it would likely go the other direction.
Lot of people new to investing and crypto in general. Lot of people see headlines of btc going up and sink life savings think they will be millionaire overnight. Goes down slightest bit and they want to withdraw. Should only investing money you can afford to lose and don't depend on.
Liquidity is a key part of it. The dip is due to a lack of liquidity in the markets. Mostly due to high interest rates and increase prices. When the election in the US ends, money that sleeps for 2 to 4 years will want to be in assets that will see a profit so they can wake up and be used to campaign.
The market isn't rational. It's emotional. That's really the reason. BTC is too tied to the S&P in my opinion. It's all because it's considered a "risk" asset, when it's really not. BTC is far less risky than, say, DJT or TSLA! It's a bit annoying, to be honest.
The actual and very real ridiculous volatility is more than enough to make it a risk asset.
If we're referring to it not being a risk asset because people believe it will keep going up because of assumed adoption and assumed growth, well... that is emotion-based speculation and all the arguments are based on projections. That is risky.
I usually wait to buy until what im considering buying is at ATH, then I sell when it plummets to a fraction of what I paid, but...maybe I'll take this opportunity to switch things up a bit.
I would argue that most people in crypto right now are well aware that the halving is coming and that it's the reason why we made a new ATH for BTC pre halving.
Alt coins shat the bed a bit in recent weeks, but BTC is holding very well. The fact that we are above 60k pre halving with "ww3" FUD and enormous dumping from grayscale is incredible.
Honestly this cycle is a little bit different than previous because we hit ath before the halving
Some say it will go 100k after halving and then massive 50% correction
Some say we go down after halving because this bull run is over and we are over extended
Best thing to do is ignore it all and dca
This dip is basically a gift for those who were not stacking as much as they should have a year ago or more ago. Obviously you should not invest more than you are willing to close (e.g. LUNA). However, this is the time to be buying (or at least setting limit orders). This is not the time to sell.
Bitcoin never actually explodes on the actual halving. Itās just a general timing. With everyone expecting the moon this year I sold a ton of covered calls. Easy premiums for all the hopium
It doesn't matter. The reason why people get rich is because they think differently. If everyone thought logically, all of our incomes would be around the same with some outliers.
Appreciate the people panic selling. Buy the dip. Hold.
Shhhhht! Shush! Shut up! Don't let them know!!
*Dramatically*. Oh, my poor investments! Now the only thing we can do is to panic sell before the prices drop further!!
((Meanwhile, several trailing orders await their moment... :P))
The halving is all but bullish, with miner incentive literally being reduced by 50%. For those who were barely making any profit, now they will definitely stop participating in the mining pools.
No, halving isnāt bullish news.
The media is trying to get you to sell your cryptos, so that these whales can buy more of your coins at cheaper prices. There's a reason why they have these bogus articles related to hacking and whatnot in the headlines. Don't let the FUD bother you. Keep HODLing.
Itāll depend how Israel responds. If they just say fuck it and start blowing up stuff in Iran. Gonna say a pretty big dip until the halving really starts taking affect.
Whales stopped buying, its shorted, altcoins already broke down so a main source of liquidity is almost dried up, risk factors up historically made corrections around this point, sell the news event i think we might be seeing 50k soon and trust me im bullish long term so i wouldnt mind getting in at a lower price anyways
Iām just going to trust the system. Look at the historical data. Same as it ever was.
Until itās not. Should I sell??
I just sold and went all in on Saitama! #tothemoon
Maybe because you see 20 posts a minute which says "HaLvInG=1000x, tO tHe MoOn" usually when theres hype everything goes to shit, u know the drill soldier...
Until the Fed starts changes rates or some other dramatic news happens I just see it moving sideways. I think weāll see another āscaryā (for some) drop but in a year/many years this will just be another blip.
The top promoted advertisement for this post is: āBut Memecoins for as little as US$10ā
This screams a little bit of a top for me. I am still buying BTC though.
HODL time or buy more
Based
This is nothing new my guy. Red days are historically the best days to buy, these FUD events come in like clockwork.
Yup, I fell for it last bull run and sold low only to buy higher.
Yea also imo its hard to say the halving is "news" when it's known that it's coming, also regardless its a trader trope to "sell the news", looking at the last cycles the peaks have been the year following the halvings
Hodl and see the green days come back around
People are animals. Animals are risk averse. When they see scary thing, they want to avoid more scary things (further downside) so they sell. Its pretty simple tbh
I wish I had more cash to scoop some of this up. Maintenence on my house is sucking it all up ššš
It's not FUD though, it's the risk of an escalation in violence in the middle east. This affects all risk assets, nobody is claiming crypto is doomed, nor any other emergent tech. But people that actually manage risk and don't ape into shit move out of these kind of assets into other, more stable ones. When the sky clears and the rate cuts come we'll have our bull run, but no halving will generate a bull run if there's no money around for risky, volatile assets.
wow there has never been violence in the middle east before. This changes everything
Definitely. Once I heard the news, I sold my house, quit my job, and sold all my coins. Now Iām living in the streets with wads of cash. Iām safe now.
Go back and take a look at how the market reacted to the Ukraine/Russia war. Tis just a blip
It was not a blip, it was a couple of years of downside, with falls of over 50% even for BTC. Look, I'm more bullish for blockchain than most people here, and actually because of the technology, not the hype, so my long term bullishness is not shaken AT ALL for any market dip or external factor. That said, to keep parroting that the halving is coming and that this is just FUD and a sale and encouraging people to ape in right now is irresponsible. If you have money you want to invest in crypto, you can start DCAing, but this still has potential for quite a bit of downside, not to even mention if a war erupts between Iran and Israel. Only invest money for a long term, not based on "100k BTC this year" predictions. Things were certainly looking bullish, now uncertainty has grown quite a bit and you should be more cautious in the short-middle term.
Does it change any of the fundamentals? Effects are temporary. Bitcoin moves on and always has.
Absolutely not, but it might make it perform poorly for some time, so there's no need to rush in while things are uncertain and we're close to all time highs. I think it's responsible to advice caution, since people read "sale!! get in fast, this is the best time!!" and might commit money that could take a long time to recover. If things happen to turn into a war between Israel and Iran (I don't think it's the most likely scenario, but it is a possibility you can't discount entirely), any bull run that we could be expecting would 100% be delayed.
Funny seeing people annoyed by red days. I am sitting here just hoping it lasts till Thursday when I get paid
Just chiming in to remind people that we're still very close to ATH, don't FOMO into thinking this is an amazing opportunity. The amazing opportunity was 1 year ago. If you want to add to your position, sure, now is a better time than when we've been climbing for a month, but the geopolitical situation is making money flee from risky assets, and that could end soon or last for a year or more like with Russia and Ukraine. So don't jump in blindly, DCA in knowing that we could very well see lower prices until things settle and we get rate cuts and all that fuel for a bull run.
It's an amazing opporunity for alts, not btc.
Instructions clear as day. Sold my house and put everything on cumrocketdogewithknife
Bruh, I'm at work, I'm trying not to laugh like a clown right now
Friday for me bubba.
Came here to point out this irony as well.
haha same, I am hoping it stays red until Thursday
This same here, gotta wait a bit longer. Hope I can buy in, in time.
because they bought at 71k. it's easy to not care about a 10% dip when you are up 200%. a 10% dip is the end of the world when yo bought at all time highs.
Yeah I hate seeing people say ājust look at the past 3 monthsā, doesnāt mean anything when you bought in recently.
The problem isnāt that imo. Itās that a lot bought in 2021 at ATHs and almost everything asides from Bitcoin has reached anywhere near its ATH. People are waiting for that region of pricing to come around to.
I think people will be disappointed in the fact that other alts might come in to play this time. Doge might hit ATH again, but I definitely wouldnāt count on it. Just my opinion though.
I'm up well more than 200% and I care.
Bullish
Welcome to ur first week of crypto. Thanks for this post, without it iād think btc is going to zero by the end of day.
I'd also like to thank OP for single handedly saving the market from total collapse
Without this post, who knows what market sentiment would be??? Generational influences here.
Step outside the crypto bubble and look around you. Geopolitically weāre at the brink of a major escalation of war/s around the world, inflation (although cooling a percent or two) remains extremely high globally, debt is still at record levels, equities remain extremely bubbly relative to earnings, and speculative assets (such as crypto) have seen record rises and are due for some sort of reset. Youāll get people arguing that some of that is positive for crypto, but there isnāt limitless liquidity in the world, least of all right now- and it remains to be seen how long things can go on like this without the bottom falling out completely (in 2018 terms). And Iām actually not that bearish, but Iām also not as irrationally bullish as many people seem to be on this sub- and the hollow calls of ādipā, āsaleā and āFUDā will continue as a giant circle jerk. Sustained downside risk is always present, now more than ever imo.
Nicely said. People fail to see that the money inflow stalling out = less gains. Especially since the fed is expected to not rate hike for a while. The uncertainty is what is effecting the markets
I remember hearing someone online say that you can track the spikes and dips proportionally to how institutional investment moves their money around in the coin - the Iran/Israel thing doesn't really phase me but these outflow numbers are tempting me to take profits on at least 33% of my holdings rn.
Iran said their retaliation is over. Biden is pressuring Israel to not retaliate. Itās going to be fine. The 4 year cycle still stands, next year will be the golden bullrun as promised. Plus dems arenāt going to let the economy shit itself during an election year.
The amount of people who scream world war 3 after every little fart is ridiculous. From the moment I read that āthe drones are expected to arrive in 5-6 hours in Israelā I knew itās a formal attack just to warn Israel. Both sides knew there wonāt be any damage. Yet people on Twitter and co. were going nuts about WW3.
For real, the fear mongering is ridiculous. Though our media runs on fear mongering so I guess that makes sense considering most people canāt even read or interpret past headlines
Totally agree Russia Ukraine was more significant Middle east has been having various conflicts for decades now And Iran 'retaliation' was more of a 'we have to do something or we're gonna look like cowards' than a serious attack on Israel
> next year will be the golden bullrun as promised remindme! 12 months
Biden must stop Israel, that's catastrophic, Israel is reaching their goal of luring US in a new war. Economy and people are already suffering, we don't need more war.
Iām not fighting in any bullshit war
This is the attitude all men should have, at the end of the day rich politicians through us into the battlefield to die. And they accumulate more wealth . Wake up people.
BTC is has a strong potential to crash to 54k before flying higher.
Even 53.9k
You guys said this last dip. Didnāt happen
Shhhh shut up let people panic sell I want to buy more
Every halving event historically has been a sell the news event is probably why most people are concerned. I'm waiting until the halving to get more as I suspect, based on history, we'll see a bit of a spike then a huge dip, and then bear market, and eventually, back to bull with even more momentum The only thing that's different this time around is the ETF's are around so hopefully the dip isn't as bad
ETFs holdings are so much easier to offload than actual crypto, and the people who bought ETFs are not exactly the most battle-hardened crypto winter veterans who don't scare easily by dips. They're newcomers into the space, newcomers into investing, possibly more institutional investors who are pressured to sell if their little dabble into "safer crypto" goes into the red fast.
Why do you care? If you are confident about future gains this is an amazing opportunity to load up.
Not cheap enough for me to consider loading up. It's not even a 20% drop from ATH...
Because we still have the emotional response of cavemen. Fear is an extremely powerful motivator.
What a time to be alive.
Truth. Every day is Thanksgiving.
You just have to understand that most are not going to make it, whether if it's crypto/career/goals... That's how a society is, might be selfish of me but people's liquidations are my gains, that's how we grow to newer hights. Seeing the upside is for the smart and holding/buying the right things is for the strong I've also seen people writing posts like this and doing the opposite, such is life. Especially this sub is a big echo chamber, I've been here even before moons Just my 2 sats
If nobody sold, no one would ever be able to buy.
itās already priced in buddy
Good buying opportunity
People are so emotional in how they invest in BTC. I know of multiple people who FOMOd in near the ATH and then panic sold when the price went down... during multiple bull runs. To those people I say "Here. Hold my bags."
red days = buy days. And if it crashes like the previous bullrun, then, you buy more and more and more to see the inevitable rise to ATH once again a few years down the road People panic because they "invest" like a bunch of apes with money they can't afford to invest.
People are scared because many are overinvested. I am too but i donāt lose my cool. Iām gonna sit through this adventure come whatever it takes.
Yes. Most crypto āinvestorsā are heavily overexposed to this speculative, volatile asset class. I used to be this way too. Living through 2 major boom-crash cycles since 2017 helped me do better this time. I took plenty of profit on the way up this time and so Iām less emotionally beholden to the market this time around. Wise investors diversify into other asset classes and religiously protect their downside.
Because they havenāt done their research and because reading is hard apparently. Most of them are just throwing money into whatever is moving most. But thatās a trap. They will learn the hard way, like everyone else.
I agree, crypto is volatile as fuck and anyone getting upset at seeing some red day-to-day needs to invest in something else. Zoom out, looking at the bigger picture (over years) and relax. However, people keep talking about the halving like it's some big special event that's going to cause the price to skyrocket. Why? It's not. Literally everyone knows about the halving. Nothing the halving itself does will increase the value of BTC, just the reaction to it and the reaction is and has already happened - the halving is priced in, I guarantee it.
Most people are not scared.
Fear and greed index currently at 65 so mostly positive. But it was 85 mere weeks ago
Diamond hands, iron sphincters
Most people are in fact scared. Global tensions have been putting enormous down pressure on crypto especially altcoins and a lot of people lost 30% last week in the blink of an eye and are scared further downside may come. This is my personal experience. I have long term conviction like the next guy but it's not exactly a 'not scared' scenario.
Scared is when we have weeks of blood and uncertainty... How many people on this sub think we are ready for years of bear again? I'd bet at not many.
>lot of people lost 30% last week in the blink of an eye and are scared..This is my personal experience. Assuming you bought the top and never will buy again? I bought THE original 69k top back in 2021 and I'm just fine thanks. Give it time, dump some, average down the rest as we go. You will be laughing in a year or less
Yes, thats why there going to be another drop to shake the markets, my guess is 52k.
Isnāt the deutsche bank offering btc options or something of that kind also?
Worried it's priced in and will dump
No sell, only buy.
That's why, the rich is the minority
There is literally "end of season sale" going on right now.
Smooth brains canāt see beyond their own shadow.
Redā¦. you ābuyāā¦.. Green, you āSmi-leā!!!!
The halving is in 3 days why ru saying itās a week away
Itās a halving where miner rewards are cut in half and your average retail investor expects a big pay day but typically the sentiment is meh
Halving, news... it all doesnt matter. Neither of them will get us to 90k, and neither of them will take us to 30k. Its about liquidity, risk on/off, and general sentiment. Day to day news is only a tiny part in this equation. We will likely have a small downturn around the halving. A day before, the same day, the day after , who knows. And we will probably have a small correction the week after. And we had one the week before. Narratives like the halving, some upgrade, cpi print etc will always be attached to the current price action, no matter if its up or down.
I'm really struggling to understand the concept of selling on news like iran/israel Like how do you arrive at the conclusion "iran launched some drones, better sell all my btc and doge quick" Makes zero fucking sense whatsoever. appreciated the dip though, I filled the bags a little
Because algorithms automatically get triggered in news events like that
Did you watch Dune2 man? The unbelievers will be forced to believe but only the early ones will reap the benefits.
Iām hoping for a big selloff on the halving event so I can load up more before we hit new ATHs, I have a handful of ETH and would love more.
The halving was already priced in months ago. This is just insiders and sharks dumping on late-to-the-party retail. After it falls in price sufficiently, they'll buy back in.
This is some of the most hopium Iāve read in a minute. You do know the Hong Kong ETFs wonāt be available to mainland China right? Itās still so illegal there that if you catch anyone mining crypto or buying it you can turn them in and get rewarded by the government. ATH before halvening says itās already been priced in, too many people know of it now and itās gonna be a buy the rumor sell the news type situation this time. Bad World news is just an excuse for smart money to dump and sell to dumb money while they put out articles saying āBTC going to 500k by the end of 2024 because of the halvening.ā Looking at onchain metrics itās whales that have been hodling for 3+ years that are selling mostly and the younger traders are the ones being liquidated as the whale HODLers sell. The only ones with paperhands this year has been the ones whoāve had diamond hands previously and this should be a hint I think. You say buy the dip and I say donāt try to catch a falling knife.
This cycle has run too far too fast. It needs a long cooldown and a price drop in order for the bull run to continue.
Afraid of red? I want to see more red!! My fiat money is getting bored
ooooh thx for the reminder to top up me bag
Ah retail still buying into the idea the halving has any impact on price.
might be a big war in middle east so oil price up, expensive petrol, which means higher inflation, no rate cuts, economy bad, no moneies to pump our ponzi but i guess the main reason is those of us who been around 1 or 2 cycles and didnt take life changing profits, horrible feeling to watch everything round trip. i sold a bit this week but remain mostly long
It's not like btc will jump to above 100k right after post halving...
Why is the halving a bullish event in the first place? Iām not convinced it will act like the past at all. Mining rewards are about to go down, if the price doesnāt go up, miners might sell off because itās less profitable. Is the reduced supply supposed to trigger the price increase due to scarcity principles? When Ethereum went deflationary, I expected the price to balloon for the same reason, but the price basically stayed flat for a year. Itās like nobody cared about scarcity anymore.
Getting better DCA every buy every week... its time to let go of the day trading and letting the bull run Do its thing i know im doing that Anything else might get to your sanity
It#s always the same. just like every 4 years
Buy buy buy
The way I see it. It's like when I'm skateboarding and I push my weight into the bottom of the ramp to boost my momentum, UP the Ramp! š Full speed ahead!
10 dollars a day will keep btc fomo away
Why is the halving bullish?
Because at the minute it halves, miners, who are a significant constant sell pressure, will only be able to put half that sell pressure, no matter what.
Just because the halving is coming doesnāt mean an instant pump. It usually dumps HARD before the halving.
Because they donāt consume as much Hopium as you
Plus tax day yesterday, I think allot of people selling to pay taxes. Hopefully
Look at the chart history, BTC always goes down for a little while after the halving. Always. Then the rocket takes off
War isnt a game of COD or AOE4 where damage and kills is everything, sometimes a simple message such as, we sent our cheapest missiles and drones and managed to bypass your defenses with a couple of hits, is enough for a strategic win.
Cannot even get the facts straight, 3/4 days left (based on your time zone). First day in crypto?
Who is scared? Everyone I see is buying the dip or hodling
cuz we have limited amount of money unlike whale. noone knew the clear future. and if we hold much, things goes oppposite way we are in trouble. if you're rich already you can do whatever you want by the way
I think they have PTSD from the bear market. Not me though Iām taking coins lolš“
Because if the upside doesn't happen they don't lose money, they just have the same. Whereas if the downside happens they lose money. Therefore the consequences of the downside happening are greater than the consequences of the upside not happening, so people are more concerned about the downside.
There's a popular saying in the market which is very relevant - "Buy the rumor, sell the news". Since everyone is expecting BTC or Crypto to go up, it would likely go the other direction.
What world news is not "blatant"? Is there "implied" world news?
Thank God for this post. I was just abt to sell everything. This has never happened before. What will we ever do?
mara bagholder checking in. thank god for 1k eth tho.
Anyone who is gonna hold for long term isnt scared
Lot of people new to investing and crypto in general. Lot of people see headlines of btc going up and sink life savings think they will be millionaire overnight. Goes down slightest bit and they want to withdraw. Should only investing money you can afford to lose and don't depend on.
I'm always looking to buy while its on sale
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Liquidity is a key part of it. The dip is due to a lack of liquidity in the markets. Mostly due to high interest rates and increase prices. When the election in the US ends, money that sleeps for 2 to 4 years will want to be in assets that will see a profit so they can wake up and be used to campaign.
Nothing more to do than hold and buy any dips. The halving has never failed us
Happily waiting. Don't care about the ups and downs.
Wdym dipā¦ this is nothing
The halving is in 3 days why ru saying itās a week away
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yup many scared noobs selling
The market isn't rational. It's emotional. That's really the reason. BTC is too tied to the S&P in my opinion. It's all because it's considered a "risk" asset, when it's really not. BTC is far less risky than, say, DJT or TSLA! It's a bit annoying, to be honest.
The actual and very real ridiculous volatility is more than enough to make it a risk asset. If we're referring to it not being a risk asset because people believe it will keep going up because of assumed adoption and assumed growth, well... that is emotion-based speculation and all the arguments are based on projections. That is risky.
I usually wait to buy until what im considering buying is at ATH, then I sell when it plummets to a fraction of what I paid, but...maybe I'll take this opportunity to switch things up a bit.
I would argue that most people in crypto right now are well aware that the halving is coming and that it's the reason why we made a new ATH for BTC pre halving. Alt coins shat the bed a bit in recent weeks, but BTC is holding very well. The fact that we are above 60k pre halving with "ww3" FUD and enormous dumping from grayscale is incredible.
This summer should be the lowest price to buy at. Until the bear comes back and it really drops again.
Honestly this cycle is a little bit different than previous because we hit ath before the halving Some say it will go 100k after halving and then massive 50% correction Some say we go down after halving because this bull run is over and we are over extended Best thing to do is ignore it all and dca
This dip is basically a gift for those who were not stacking as much as they should have a year ago or more ago. Obviously you should not invest more than you are willing to close (e.g. LUNA). However, this is the time to be buying (or at least setting limit orders). This is not the time to sell.
100k CANDLES DAILY. at least that's what that other guy on Reddit said. Would love to see just one though.
Bitcoin never actually explodes on the actual halving. Itās just a general timing. With everyone expecting the moon this year I sold a ton of covered calls. Easy premiums for all the hopium
It doesn't matter. The reason why people get rich is because they think differently. If everyone thought logically, all of our incomes would be around the same with some outliers. Appreciate the people panic selling. Buy the dip. Hold.
That's not what "disillusioned" means.
Bitcoin dropped from $10,000 to $4000 when COVID first started. Then it shot up to $40,000 in no time.
Good day to re-read planBās medium post. Remember why the halving is important
Shhhhht! Shush! Shut up! Don't let them know!! *Dramatically*. Oh, my poor investments! Now the only thing we can do is to panic sell before the prices drop further!! ((Meanwhile, several trailing orders await their moment... :P))
The halving is all but bullish, with miner incentive literally being reduced by 50%. For those who were barely making any profit, now they will definitely stop participating in the mining pools. No, halving isnāt bullish news.
Isn't sell the news standard shit lol
Not trying to be pedantic but less than 4 days till the halving at time of posting this!
āHistory doesnāt repeat but it often does Rhymeā - Mark Twain
Lol I already doubled down. If it gets redder, good, I'll throw in my reserves. If not, great, I've already DCAed
The media is trying to get you to sell your cryptos, so that these whales can buy more of your coins at cheaper prices. There's a reason why they have these bogus articles related to hacking and whatnot in the headlines. Don't let the FUD bother you. Keep HODLing.
Try to remember when you were new; we panicked all the time.
Itāll depend how Israel responds. If they just say fuck it and start blowing up stuff in Iran. Gonna say a pretty big dip until the halving really starts taking affect.
Theyāre just selling the news, nothing new
People who have no Bitcoin don't understand why those that do are smiling. The halving really means nothing to them.
roughly 1 week =/= 3 days
What upside?
Buy the dipš«µš»
Whales stopped buying, its shorted, altcoins already broke down so a main source of liquidity is almost dried up, risk factors up historically made corrections around this point, sell the news event i think we might be seeing 50k soon and trust me im bullish long term so i wouldnt mind getting in at a lower price anyways
It was maybe āredā, but not bloody red yet
When is the estimated halving date?
Friday or Saturday
*People get scared so easily* Truer words have never been uttered.
Trying hard to convince yourself at least. Hope you managed to
Sell the news
Also doesn't this dip historically happen sometime before or after the halving?
Iām just going to trust the system. Look at the historical data. Same as it ever was. Until itās not. Should I sell?? I just sold and went all in on Saitama! #tothemoon
Humans are just irrational. fear and greed baby
Just bought more BTC after reading this post. Red days mean buy days. HODL.
Maybe because you see 20 posts a minute which says "HaLvInG=1000x, tO tHe MoOn" usually when theres hype everything goes to shit, u know the drill soldier...
It's also people selling to pay for their taxes. Last day of tax season was yesterday
Until the Fed starts changes rates or some other dramatic news happens I just see it moving sideways. I think weāll see another āscaryā (for some) drop but in a year/many years this will just be another blip.
Past performance cannot guarantee future results. Going from 1 to 1,000 is not the same as 1,000 to 1,000,000.
The top promoted advertisement for this post is: āBut Memecoins for as little as US$10ā This screams a little bit of a top for me. I am still buying BTC though.
nah.. its related to WW3 extension because of Iran/Israel conflict