Halving won't pump, the exact same thing will happen as what happened with oil. The mainstream investors thought that oil will *surely* not drop below $20 because of countless of reasons so they all bought. But the free market has a very specific rule that comes above everything else: the people who are wealthy will always be the minority. That means that the market will go out of its way to make itself unpredictable even if it's entirely illogical, just because "everyone being a millionaire" is a paradox that cannot happen. If halving really did moon BTC to 50k+ as everyone predicts then everyone who holds it can use a basic 80 IQ thought process to become a millionaire, which is not possible.
What will happen instead is that halving will shave people off. The price will in fact drop further as it did with oil, and then when everyone has finally dumped their bags at a loss and has given up on crypto, it will finally moon, making the minority who're still holding millionaires and forcing the majority to chase and buy at ATH yet again.
Bitcoin is fucking dead and it could go more than 20k again only if there was a gold/btc pegged US dollar... I am focusing on Biotech sector
but we can also say that the few who have the majority of bitcoins is in their own interest to sell at profit... so they could pump it to sell the ponzi to the ''greater fool''
Brayden Johnson
>the opposite of popular thought must happen
youre thinking too simply. there are levels of shakeouts and fakeouts. we are going back to 12k, 6k after halving, long bleed until EoY, maybe we will see 20k again in 2 years
Caleb Hill
True. It's already priced in. Just look at the logarithmic regression. There won't be any real pump in years.
Aaron Garcia
>>the opposite of popular thought must happen the problem is that the paradox of the millionaire If every 80 low IQ says ''muh halbening... juh bitcoin''
it will surely not happen.
But there is a second theory: as seen that btc is a ponzy whales could pump it to milk retards..
Levi Reyes
>Just look at the logarithmic regression this is more a psycological analysis and game theory.. wft can I do with logaritimic regression
Evan Perry
oil didn’t dump to blowout retail, it dumped because there was too much supply. the exact opposite is happening with bitcoin.
Henry Rodriguez
Large Canine vibes
Aiden Foster
I think chico did a pretty good analysis of this. there are a bunch of whales who are going to short the shit out of the halving to try to drive the price down and make money off of forcing miners to capitulate. I think short term btc will go lower because of degenerate futures gamblers and these cartels, but long run the halving will be bullish because it literally has to be if btc doesn't go to $0.
Samuel Johnson
>the exact opposite is happening with bitcoin. where is the demand for bitcoin you mongoloid? There are a lot of bag holders and dream chasers who wanna sell
Gabriel Sanchez
this. OP is literally retarded. the mainstream public is still clueless on bitcoin
Carter Gomez
demand just has to stay the same as it is now for it to go to 15k after the halving.
Josiah Murphy
What you don't realize is that very few people are still holding bitcoin today. The few normies who bought got out years ago and it's pretty much just autists left now. When it pumps back above ATH, it will hit the mainstream media again and the normies will buy back in in even greater numbers, pumping the price to at least $200k this time. Most of them will get in late as usual, and they'll either see minimal profits or losses when it dumps back down 75% a week after it peaks. So in the end the people who become millionaires will be the small minority of smart people who got in early (i.e. right now).
Grayson Myers
yep. this has happened 3 or 4 times already. it will happen again. the market cap of crypto is embarrassingly small. there is absolutely room to 10x and more
Blake Bailey
I finally realized that crypto doesn't need normies. It is a purely financial algorithmic creation. It is the settlement layer of fucking people over. It has accumulated a couple orders of magnitude of hash rate and trade volume since the ATH and it can sustain with no normies. The future of BTC is 24/7 algorithmic battles between big dicks like Bitmex and Rentec. Who gives a fuck about somebody who buys $20 on Coinbase, they don't fucking matter anymore.
Jacob Diaz
What about the fact that unemployment claims are extremely high.. won't it thwart any momentum of the halvening if people don't have money to buy crypto?
Matthew Barnes
>don't have money to buy crypto? >Brrrrrrrrrr
Jason Ward
you cannot have my bitcoins, sir.
Aiden Collins
This and over-printing will lead to more people pumping money into crypto out of fear of hyperinflation. Doesn't even matter if hyperinflation will actually happen or not.
Bentley Moore
i’ll keep buying btc all the way down to zero
Brandon Ward
>and it could go more than 20k again only if there was a gold/btc pegged US dollar... this is what’s gonna happen to xrp, btc is done but people refuse to believe it
David Thompson
I don't think ''only autists are left''...I see every trader on youtube who didn't even consider btc before 2017 now has BTC and crypto on his radar along with gold and stocks What you mean with ''normies'' is Stacy and Chad who can't even sigin up on a trading exange. Well that time when they bought was 2017... do you rememeber Katy pery shilling crypto? Come user you are late.. just admit it
When you think you know what’s going on with the market but fail to realize you are the heard.
Sebastian Nelson
If we're holding some BTC would it be wise to sell some of it now to pocket some gains off of this pump and then re-buy in again later (under the assumption that it drops again before halving) or would the smarter play just be to keep holding for the long-term and not risk it?
Dylan Bennett
up
Eli Wood
This. Bump for answer
William Bell
everybody expects halving pump tho. go check twitter and reddit. bulltards are getting too cocky
Luke Young
bitcoin is the same as oil >bitcoin has storage fees >bitcoin has physical transport bottlenecks >bitcoin has a shelflife >bitcoin permanently consumes vast quantities of itself daily >bitcoin has overproduction >bitcoin is the plaything of geopolitics between several factions with who knows anymore what alliances >bitcoin has seen demand destruction
maybe the last one can happen, but in a brrrrrr environment i would bet against it btc and oil have nothing in common, btc can never go negative
and as to your other argument do you know how few people have more than pocketchange in crypto its still a very small group of people to profit of this because its not only 80iq to predict the halvening it is also overcoming fear of a novel and volatile asset theres only 800k addresses with more than 1 btc
Ayden Howard
>heard
Mean herd?
David Jenkins
there are tens of millions of bitcoin and nobody who actually needs it because it has no use case outside of speculation, oil is a real usable thing
Elijah Nguyen
>theres only 800k addresses with more than 1 btc And theres only 100k addresses in total holding LINK. If you dont realize the significance of what I have just said and are happy with your shitty 5-10x gains, feel free to stick to stacking sats with Boomercoin.
