Oldfag here that went throught 2 halvings. I honestly don't like this. This may be the first time we hit a lower low post-halving. That would be a brutal bottom that would get rid of permabulls and moonboys on Youtube. I can't help but cringe at all those casuals with their clickbait thumbnail spamming videos. Those guys need to capitulate, a lower bottom post halving would be brutal and would finally kill altcoins as well. After that, I would feel safe going all in. Right now, I can't even be sure to put 10k on it "Just in case due pre-halving". Also, proving Bitcoin can survive a lower low post halving would set a extremely bullish case in the future, since a lot of people think it would be the end of the world (it wouldn't) and this constant paranoia would be there.
When you still have a bunch of idiots thinking they can get rich with their pretend Bitcoin, clickbait all over social media and so on, you already know Bitcoin is not ready for prime time. This sheep has to be removed before real money comes, and if real money sees a margin in liquidating a bunch of idiots back to $2.8k they will.
Wendys chef here. I raped many women behind Arbys but still only make 30K/year
Carter Kelly
This halving is full of over-leveraged miners, a final flush dump going into the halving will allow the big boy overlords more market share. But with SPX crawling up with no end in sight, hard to predict when it will occur. 61.8% must mean we are close.. I Hope
Jayden Rogers
We will see $5k levels again certainly, bunch of newbies buying into the $1m BTC LMABOLAND MOON DREAM WOOOOOO
retards can't even do basic math, let alone read charts this will be 2017 all over again
James Young
Subway foot long porn star here. I raped and killed dozens of hot teens but I still only make 35k a year. Wtf?!?!?
Henry Bennett
what happened in 2017?
Isaiah Moore
9/10
you're pretty good
Matthew Ross
How much BTC do you have will help me determine if you are a fucking dumbass.
>.t Actual oldfag whale who can smell bullshit a mile away, not saying you are full of shit yet.
Christian Myers
Bitches And Sex Everyday
Kevin Ward
greatest fisherman extraordinaire here, i think u are maybe onto something op
Dylan Perez
i wish. Newfag here
Colton Moore
remember: the lands outside of the citadel will basically be a death camp.
Henry Wilson
How many LINK to be allowed into the Citadel? Are 1000 LINK enough?
Liam Cox
people like you are the ones that will lose most of their money and the reason BTC will have a hard time succeeding
James Phillips
Only people with 100% bitcoin will enter my citadel
Gavin Parker
tether printed 240 million USDT today this market will not be allowed to crash again
Carson Ward
at least you cop up to it. Google 2k17 bull run
go back to twitter
Luke Ramirez
Willy Woo is a fucking retard
Angel Barnes
>This halving is full of over-leveraged miners >source: my ass
Alexander Morgan
he is right though
Levi Robinson
You're the one who's reading twitter/watching yt vids please attempt to hold a rational conversation with me, you can't
Wyatt Richardson
>source: my ass
Jack Young
>BTC crashes >Miners capitulate >Satoshi reveals themselves and move all their BTC into the new protocol It's all playing out perfectly.
Samuel Davis
I understand 2017 had that massive bullrun at the end. I thought you were saying BTC will go down to 5K, itll be like 2017. Thats where I got confused.
William Myers
>doesnt have 10k to gamble with you're not an oldfag
Samuel James
those who didnt make it in 2017 were all looking forward to 2020 and 2021 for the next halving as this would be the time they "make it" this halvening bubble was growing for 3 years now, those who want to get rich from it already bought in, and now are waiting for the BTC price to x10 again. PRICED IN
miners won't let btc go to prices that it's unprofitable to mine though mining is a business that they have invested in lowest BTC price is whatever it costs for miners to mine it + some profit.
Likewise OP, I've been seeing buy everywhere, even from my trusted sources but something doesn't feel right.
It's possible there's room for some small term gains all the way to 10k again but the risk of capitulating as fast as we did a month ago is too risky.
My shorts are still set at 3k but I think I should set them even lower.
Ayden Gray
We are in a Kondratieff winter user.
Everything will be sold for USD, including bitcoin. I expect < 2k prices for BTC , this aligns with the price action pre-halving, the global macro environment as well as the mechanism to prevent moonboys from getting rich.
People are forgetting the point of bitcoin is a hedge against inflation - it is worthless in a period of deflation. Wait for the stagflation at the EOY , and watch BTC/ETH/LINK usher in a new financial economy.
Ryan Miller
What will they do when Satoshi themselves say Bitcoin has no future? Rest assured it will be blamed on the miners themselves with their huge mining pools, asic miners and centralization of power, making it more difficult for regular folks to take part.
Aiden Robinson
Capitulating is also priced in. If it goes really low those moon boys and permabulls aren't selling. Hodlers always don't sell for some reason, and most of Yas Forums probably are not selling since it's not a lot of money and whats the point of it's so little now? What's left is bots and your daytraders that are going to get screwed hard. Unless you are banking on a flash crash, which people already have really low buy orders to kek.
Sebastian Sanchez
So if I hold for a full year I’m basically chillin
Ryan Miller
does it look like deflation is happening anywhere? literally every national bank is printing billions + shit like trumpbux
Ryan Jenkins
That makes it look like inflation but the price of oil makes it look like deflation is coming.
Truth is no one has a freaking clue as to what will happen. Anyone who tells you they do is lying.
What I think may happen is both depending on the market. IE. oil could have deflation and food could have inflation. But again no one knows.
Justin Carter
Printing money and a deflationary recession can happen simultaneously numb nuts. Inflation may occur in the long run due to the printing, but not necessarily in the short run. Might not happen for years
Austin Thompson
Its pretty simple.
Economies are shut down, there is no revenue. Most world economies have dollar denominated debt. They have no USD to make their repayments. The Fed's printing is a) Nowhere near enough b) Gets caught up in the system.
Everything will be sold off => deflation.
Christopher Mitchell
Well that will depend on how many BTC you can convert them into, won't it?
Robert Baker
go back
John Wood
What this guy said Increasing the money supply doesn’t equal inflation. People are so fucking stupid.
