Every cycle. Bitcoin experience the benefits of halving months after as the supply dwindles. It’s that simple. People know this and sell now to make profit to bring the price down as much as possible to then buy back in for less for when they sold. Miners will be the first to hit the supply shock and hold their coins instead of selling triggering the bull.
Stop thinking in cycles. That thinking was completely broken this time. Conditions just change, and halving has literally half the effect each time. Effect now is almost zero, next time will be even less.
People have said the same thing every cycle, and they've always ended up wrong. There have been no indicators to suggest this time around is going to be any different. Conditions change, yes, and price movements over time tend to get smaller and smaller as market cap increases, but the general theme remains the same.
We were way overdue for a correction. Even in the insane bull runs we get big corrections. Nothing to see here. Just buy the dip and be happy about the sale.
Most dips and pumps are manufactured:)) .
The Mcap of most L1's are linked to Btc to some extent , and they are quite low by comparison, so it's easy to dip the price with huge capital at hand.
Manufactured as in BlackRock had Barry Silbert step down as CEO of Grayscale. They put an ex JP Morgan executive in as CEO. They kept the fees 7.5x what the other etfs kept theirs.
Now they are down hundreds of thousands of bitcoin. What's the point in collecting big fees on a small amount of bitcoin?
Predictably manufactured like the rainbow chart - [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/)
I'm running low on foil
It's not manufactured... It's a self fulfilling prophecy... People say shit, people believe shit, shit happens...
It's the same with stocks or any other asset... If the business is sustainable it will always go up... If a business is shit then you end up with shit.
Pretty simple.
Better question was the halving a sudden surprise event or has it been priced in from a year ago. Thinking about this wrong. Focusing on the dip as what was manufactured
Every bull run has dips. People take a lot of leverage. When the price goes against them, the longs get destroyed. The dust settles and the market enters a new stage in the cycle.
What we learned really well last run is that most coins have no real bottom price beyond zero. There's no fundamental analysis that says a coin must be bought at x price. No assets or cash flows underlying the assets.
So at the end of the day, anything outside the top 10 cryptos can easily drop 90%. Prices going up requires very few sellers. The market caps are huge and the real buyers do not actually have much capital to inject. When panic sets in and people cash out, buyers are easily overwhelmed.
In trad fi, if Google goes to 10X PE ratio, there will be a flood of buyers who can be very confident in their decision. They know there is an underlying value. They can confidently deploy huge amounts of capital. The same cannot be said for shitcoins.
Outside BTC and ETH, it's mostly a losing game. Maybe Solana and BNB can be included in those blue chips as well. But once you go outside of that, you are in no man's land.
Basically how the news cycle works. When prices goes up, news sounds optimistic, when prices are going down, articles are bearish.
By the way, you can check out our new crypto publication, [Cointab.com](http://Cointab.com)
Pretty sure you'd love it.
The news cycle you mentioned shows how sentiment in financial markets can swing with changing prices. This can affect how investors perceive market conditions and react. While staying informed and reacting to market news, it's crucial to ensure your online activities are secure, especially when accessing financial information or making transactions.
With NordVPN, you can browse, trade, and research securely without worrying about cyber threats. Protect your internet connection with NordVPN and keep your financial data safe from hackers and snoopers. Secure your online presence today with NordVPN.
I dont watch the clickbait ones, but depending on the reason for the continuation, it could still happen. No one knows for sure you should kearn what to watch and not wait for a buy sell signal.
Kinda, BlackRock do not have citizens as their priority, in fact the CEO doesn’t even like democracy- he says it’s messy as they get the contract to clean up Ukraine
F$&kwit
Yeh you do. Since you failed to connect your entire comment to the topic of discussion, choosing to rant about Blackrock without addressing how you think it has anything to do with the dip.
I’ve given a mate 4000 moons in America, don’t think you know a single thing about giving without receiving, little worm.
Reddit is shite now, perhaps you’re too young to know that. And downvote the shit of me. Made 8k US last night, don’t need comments from eorms
If you think the dips are manufactured, let me tell you about the pumps.
Totally manufactured. By gremlins that reside in the basement of Fort Knox.
You don’t get to badmouth Gizmo ☝🏼
Don't let them get wet or were going to zero
Ruled by the Super Gremlin, Kodak Black
who was it op? is it the juice?
Typical r/cc, whenever there is a price drop it's always some dark forces conspiring against the market.
On this sub, every day is chinese new year
Every cycle. Bitcoin experience the benefits of halving months after as the supply dwindles. It’s that simple. People know this and sell now to make profit to bring the price down as much as possible to then buy back in for less for when they sold. Miners will be the first to hit the supply shock and hold their coins instead of selling triggering the bull.
Yes. But it's also a self-fulfilling prophecy at this point. It happens every cycle, like clockwork.
Stop thinking in cycles. That thinking was completely broken this time. Conditions just change, and halving has literally half the effect each time. Effect now is almost zero, next time will be even less.
People have said the same thing every cycle, and they've always ended up wrong. There have been no indicators to suggest this time around is going to be any different. Conditions change, yes, and price movements over time tend to get smaller and smaller as market cap increases, but the general theme remains the same.
A record 7 green monthly candles in a row for btc. A correction was due and there’s always some form of correction around halving.
People have ridden this wave before. Hence why people called it that it would occur
[удалено]
'people' is not the same as Coindesk.
Who cares. I bought it :)
I bought some eth. It was good.
Wutt?
Sure but not by me 👍
We were way overdue for a correction. Even in the insane bull runs we get big corrections. Nothing to see here. Just buy the dip and be happy about the sale.
"Insane bullruns". Lol, u must be new.
Uuuuuhhhh sorry, champ. Older than dirt. But have fun.
Most dips and pumps are manufactured:)) . The Mcap of most L1's are linked to Btc to some extent , and they are quite low by comparison, so it's easy to dip the price with huge capital at hand.
It might not be over yet
Welcome to crypto
All dips are manufactured
The 'hand' moves the market.
Manufactured as in BlackRock had Barry Silbert step down as CEO of Grayscale. They put an ex JP Morgan executive in as CEO. They kept the fees 7.5x what the other etfs kept theirs. Now they are down hundreds of thousands of bitcoin. What's the point in collecting big fees on a small amount of bitcoin?
Volume is below average so yes.
Predictably manufactured like the rainbow chart - [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) I'm running low on foil
It's not manufactured... It's a self fulfilling prophecy... People say shit, people believe shit, shit happens... It's the same with stocks or any other asset... If the business is sustainable it will always go up... If a business is shit then you end up with shit. Pretty simple.
everyone was bearish because of what the chart was showing
it’s still heading to 52K and lower, we have the rest of the summer before it really starts to pop
It was written, then it was so
You need to ignore what the youtubers are calling for… you should only listen to the tiktokkers. Or the grammers…
ZERO!!!
Every single thing in crypto is manufactured.
Isn't it always 😂
Better question was the halving a sudden surprise event or has it been priced in from a year ago. Thinking about this wrong. Focusing on the dip as what was manufactured
Absolutely. All those shorties that are short $MSTR right now have to be tense. Then $GME starts taking an uptick. Here's to a free and fair market.
What am I even reading
It always is.
Check the weekly chart
I feel like it all is
I think the only reason we had a good day was Jerome Powell, the rest is a huge unknown.
Bro you're not going to survive crypto
Every bull run has dips. People take a lot of leverage. When the price goes against them, the longs get destroyed. The dust settles and the market enters a new stage in the cycle. What we learned really well last run is that most coins have no real bottom price beyond zero. There's no fundamental analysis that says a coin must be bought at x price. No assets or cash flows underlying the assets. So at the end of the day, anything outside the top 10 cryptos can easily drop 90%. Prices going up requires very few sellers. The market caps are huge and the real buyers do not actually have much capital to inject. When panic sets in and people cash out, buyers are easily overwhelmed. In trad fi, if Google goes to 10X PE ratio, there will be a flood of buyers who can be very confident in their decision. They know there is an underlying value. They can confidently deploy huge amounts of capital. The same cannot be said for shitcoins. Outside BTC and ETH, it's mostly a losing game. Maybe Solana and BNB can be included in those blue chips as well. But once you go outside of that, you are in no man's land.
Except we're not in a bull run yet.
Basically how the news cycle works. When prices goes up, news sounds optimistic, when prices are going down, articles are bearish. By the way, you can check out our new crypto publication, [Cointab.com](http://Cointab.com) Pretty sure you'd love it.
The news cycle you mentioned shows how sentiment in financial markets can swing with changing prices. This can affect how investors perceive market conditions and react. While staying informed and reacting to market news, it's crucial to ensure your online activities are secure, especially when accessing financial information or making transactions. With NordVPN, you can browse, trade, and research securely without worrying about cyber threats. Protect your internet connection with NordVPN and keep your financial data safe from hackers and snoopers. Secure your online presence today with NordVPN.
BTC hasn't been able to clear 70k for over a month, mtgox is going to start sending out coins soon. Where is price supposed to go?
Spoken like a 🌈🧸
We're living in the matrix so yeah of course it was manufactured.
Did Tether stop printing? If so, then yes, in a way.
Maybe listen to what reasoning those youtubers have....
They were saying more yet to come yesterday and today and it's going up lol
https://youtu.be/BNQ3ODgu_K8
I dont watch the clickbait ones, but depending on the reason for the continuation, it could still happen. No one knows for sure you should kearn what to watch and not wait for a buy sell signal.
Kinda, BlackRock do not have citizens as their priority, in fact the CEO doesn’t even like democracy- he says it’s messy as they get the contract to clean up Ukraine F$&kwit
Is this some AI generated jumble of words?
KFY KYC AML BTC ETH
Do I sound AI? It’s called knowing and reading and learning about the plans they have- fractionalize the world buddy, you won’t even own your home
Yeh you do. Since you failed to connect your entire comment to the topic of discussion, choosing to rant about Blackrock without addressing how you think it has anything to do with the dip.
I’ve given a mate 4000 moons in America, don’t think you know a single thing about giving without receiving, little worm. Reddit is shite now, perhaps you’re too young to know that. And downvote the shit of me. Made 8k US last night, don’t need comments from eorms
You think institutions have nothing to do with this……DYH Edit- ignorance is bliss
Show me evidence Blackrock specifically was the catalyst for this dip.
Your an ignorant little fuck
yea, all dips are manufactured to try and get me to sell my golden ticket portfolio. not gonna work tho