Notable cryptocurrency observers claim that the Bitcoin market is still in disbelief at the current price rally. This, for them, is a sign that prices of crypto assets will head a lot higher during this market cycle.
So if that’s true then you’re with a majority sentiment of those who have’t yet accepted that Bitcoin is going much higher and not lower. The majority is [greater fool pigs must be] always slaughtered, so the minority can take profits. Is the majority now bullish? (find some reliable sentiment indicator for the majority, not your personal experience)
Don’t forgot what happened from February 2019 when everyone was waiting for Bitcoin to correct (because they hadn’t shifted their mindset to raging bull market) but it just kept on rising from $3.1k to $13.9k with only intra-day spike “crashes” on the way up.
but halving is upcoming. and I kinda have it in my pee, that this halving will be different
I have posited in my recent blogs (listed below) that his halving will be different in an explosively bullish manner that will shock the hell out of everyone. I expect most will be behind the curve and the price will move up too fast in March and April 2020 for them to comprehend and react. If my theory is correct, seems you will be one of those who are left behind as the rocket leaves the liftoff pad?
The following isn’t even factoring in my posited even more explosive scenario of a Segwit donations attack starting at the May 14, 2020 halving event which demands that the Bitcoin price be pumped much higher than usual beforehand so that crashing the Bitcoin Core price by dumping the free worthless Core airdrop of the “Tulip Trust” on the exchanges will cause the Core imposter blockchain to slow down to crawl (due to very high mining difficulty as a result of the parabolic price rise then price crash), causing the miners to leave Core and mine Satoshi’s legacy protocol (not BSV!):
Now, Changpeng Zhao, the […] chief executive of the world’s biggest bitcoin and cryptocurrency exchange Binance, has broken his rule against market forecasting to predict “the bitcoin price will likely increase.”
[…]
“I personally believe the halving has not been priced in,” Changpeng Zhao, often known simply as CZ, told bitcoin, cryptocurrency and blockchain video news site BlockTV this week, adding he “doesn’t usually give market predictions” because he will be wrong “50% of the time.”
[…]
Whether the upcoming bitcoin halving has been “priced in” by the market has become a controversial issue among investors. Generally, in well-developed markets, equity, commodities and currencies are priced based on future expectations—suggesting that as bitcoin traders and investors are aware of the May halving, the price will have already made the gains related to it.
CZ disagrees, however, telling BlockTV: “The market is not efficient. Most people don’t get information quickly. People need a lot of time to let concepts sink in and adjust.”
Many are hoping the 2020 bitcoin halving will see a repeat of the last cut to supply. Bitcoin prices doubled in 2016 and soared 13-fold the following year.
However, CZ warned that “historic events do not predict future events, so don’t take that too literally,” but explained the bitcoin halving will mean “it costs miners almost double what it does now to produce one bitcoin. Psychologically, those miners won’t be willing to sell below that price.”
seems you will be one of those who are left behind as the rocket leaves the liftoff pad?
Yes. Ofc I will.
But only cuz I'm in stationary pain rehab from tomorrow.. for the next 3 weeks..
ofc, in my life always happen things like that ^^
the last few months would have been perfectly fine, but now when it becomes interesting, I have no time and no connection.. :/
@luegenbaron wrote:
Remember I cited in my recent blog Bitcoin Movements Ahead on the Way to the Moon:
So if that’s true then you’re with a majority sentiment of those who have’t yet accepted that Bitcoin is going much higher and not lower. The majority is [greater fool pigs must be] always slaughtered, so the minority can take profits. Is the majority now bullish? (find some reliable sentiment indicator for the majority, not your personal experience)
Crypto Fear & Greed Index – Multifactorial Crypto Market Sentiment Analysis
Don’t forgot what happened from February 2019 when everyone was waiting for Bitcoin to correct (because they hadn’t shifted their mindset to raging bull market) but it just kept on rising from
$3.1kto$13.9kwith only intra-day spike “crashes” on the way up.but halving is upcoming. and I kinda have it in my pee, that this halving will be different
@luegenbaron wrote:
I have posited in my recent blogs (listed below) that his halving will be different in an explosively bullish manner that will shock the hell out of everyone. I expect most will be behind the curve and the price will move up too fast in March and April 2020 for them to comprehend and react. If my theory is correct, seems you will be one of those who are left behind as the rocket leaves the liftoff pad?
The following isn’t even factoring in my posited even more explosive scenario of a Segwit donations attack starting at the May 14, 2020 halving event which demands that the Bitcoin price be pumped much higher than usual beforehand so that crashing the Bitcoin Core price by dumping the free worthless Core airdrop of the “Tulip Trust” on the exchanges will cause the Core imposter blockchain to slow down to crawl (due to very high mining difficulty as a result of the parabolic price rise then price crash), causing the miners to leave Core and mine Satoshi’s legacy protocol (not BSV!):
Binance CEO Makes Rare Price Prediction—Says This Is When To Buy Bitcoin:
[…]
[…]
Yes. Ofc I will.
But only cuz I'm in stationary pain rehab from tomorrow.. for the next 3 weeks..
ofc, in my life always happen things like that ^^
the last few months would have been perfectly fine, but now when it becomes interesting, I have no time and no connection.. :/