Michaël van de Poppe, founder of trading firm MNTrading, suggests that Bitcoin’s dominance may have peaked as traders begin to shift liquidity to altcoins. Crypto trader Matthew Hyland echoed this, highlighting that Bitcoin market dominance is losing major support.
Apart from all the could, can possible in that article there is one thing that really made me raise some eyebrowMaybe that guy were just buying the news to encourage investors to sell their Bitcoin holdings. But we are different now, I don't think investors really believe in them particularly those old investors, maybe new investors believe in them. For me, I believe in Bitcoin dominance because I really noticed it in the market. But there are times that Altcoins prices exploded without the influence of Bitcoin, and that is what we called the Altcoins season.QuoteMichaël van de Poppe, founder of trading firm MNTrading, suggests that Bitcoin’s dominance may have peaked as traders begin to shift liquidity to altcoins. Crypto trader Matthew Hyland echoed this, highlighting that Bitcoin market dominance is losing major support.
WTF is this guy smoking, Bitcoin is all over the news and there is like no talk about altcoins whatsoever, everything is about Bitcoin, Bitcoin ETF, bitcoin bonds, approval and regulations, no coin is coming even close to the spotlight and he thinks that altcoins are driving the market. One hiccup from the king and everyone is in red but lol, Bitcoin is losing dominance. Good luck keeping the market in the green with PEPE.
In previous cycles, BTC price has typically traded sideways for a few months after a halving before resuming its strong growth trend. Therefore, the current price correction and the 20% decline from the $73K peak is completely normal. We should accept this re-accumulation as it is necessary for the bullrun at the end of this year.
With the "bearish" mood of the Bitcoin market right now just around two weeks after the halving, many are really wondering where is the direction the King of Cryptos can be taking us and whether we can soon see the impact and benefits of the halving come to the market so we can experience a new bull run either this year or 2025. Now, we know that halving will not immediately make Bitcoin a very attractive asset again...and surely this can be taking some months.
~
In case this analysis can be true, then it would be good to just continually hodl and wait as this is not a question of IF but of WHEN. This can be the best time to exercise caution and not be swayed by temporary movements of the market and look for the long-term prospect of Bitcoin.
2 months is enough i think?So far, seeing exchanges that are in the red due to the impact of falling bitcoin prices is very sad. It seems that bitcoin is having difficulty increasing its price again. The altcoin season may come with a bitcoin crash in the next wave when bitcoin hits bottom.
remember what we have had before the Halving happens? we have a breaking of ATH and I think that its normal that we see this market response now.\
But the thing about investors are shifting to altcoins? i don't know if there is a room for this since the whole market is bleeding also .
~Why wait if you can still buy more Bitcoin how that we might experience corrections over the next 2 months. :)
In case this analysis can be true, then it would be good to just continually hodl and wait as this is not a question of IF but of WHEN. This can be the best time to exercise caution and not be swayed by temporary movements of the market and look for the long-term prospect of Bitcoin.
Apart from all the could, can possible in that article there is one thing that really made me raise some eyebrowQuoteMichaël van de Poppe, founder of trading firm MNTrading, suggests that Bitcoin’s dominance may have peaked as traders begin to shift liquidity to altcoins. Crypto trader Matthew Hyland echoed this, highlighting that Bitcoin market dominance is losing major support.
WTF is this guy smoking, Bitcoin is all over the news and there is like no talk about altcoins whatsoever, everything is about Bitcoin, Bitcoin ETF, bitcoin bonds, approval and regulations, no coin is coming even close to the spotlight and he thinks that altcoins are driving the market. One hiccup from the king and everyone is in red but lol, Bitcoin is losing dominance. Good luck keeping the market in the green with PEPE.
With the "bearish" mood of the Bitcoin market right now just around two weeks after the halving, many are really wondering where is the direction the King of Cryptos can be taking us and whether we can soon see the impact and benefits of the halving come to the market so we can experience a new bull run either this year or 2025. Now, we know that halving will not immediately make Bitcoin a very attractive asset again...and surely this can be taking some months.
According to Bitfinex market report: (https://cointelegraph.com/news/bitcoin-halving-price-consolidation-ethereum-altcoin-market) "Bitcoin could experience up to two months of price consolidation following the halving.
Bitcoin could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire cryptocurrency market cap. In addition, the macroeconomic environment is more resilient than in previous years and the likelihood of rate cuts remains low in the short term."
In case this analysis can be true, then it would be good to just continually hodl and wait as this is not a question of IF but of WHEN. This can be the best time to exercise caution and not be swayed by temporary movements of the market and look for the long-term prospect of Bitcoin.
Personally, I expect the downward trend to take more than two months. We may need at least the end of the year to see the real impact of halving on the ground.Patience is what everyone in the crypto space needs since every one of us has a dream prices of bitcoin that they expect to come to fulfillment before the end of 2025.
This is not the first time. In most previous cycles, it took a few months for us to see the effect of halving. This time the same thing, I think. Perhaps some people thought that the large rise that occurred before halving due to the effect of the ETF would change things, but this did not happen because we are now almost two weeks after halving We see the decline continuing and we do not see major movements in Bitcoin. The market needs a lot of patience.
Or we could jump up to 111k by June 1
Don't lock into short term. move to 2025 and beyond
Or we could jump up to 111k by June 1.There is no way to reach $111k in the next month (June 1, 2024).
Don't lock into short term. move to 2025 and beyond
I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.It is just a price chart, it doesn't guarantee anything. How you are so confident that we are heading $200k in 2025? Before halving, I'm quite confident we may cross $100k soon and the ATH may be above $150k. But after the price drops below $60k, I becomes not really confident anymore. I just think that the price may cross $100k in the next year if we are lucky enough.
Or we could jump up to 111k by June 1
Don't lock into short term. move to 2025 and beyond
I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.
(https://talkimg.com/images/2024/05/09/rlBXJ.png)
I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.
I've never been so convinced of $100k in the next cycle but after looking at this price chart I think $100k is minimum,.I think we're heading to $200k. I don't see anything stopping it.It is just a price chart, it doesn't guarantee anything. How you are so confident that we are heading $200k in 2025? Before halving, I'm quite confident we may cross $100k soon and the ATH may be above $150k. But after the price drops below $60k, I becomes not really confident anymore. I just think that the price may cross $100k in the next year if we are lucky enough.
Someone will have to buy a lot of BTC for that to happen, and now the question is whether we can count on retail buyers or institutional players - or maybe both? The fact is that we now have spot ETFs in the US and they have proven to be a powerful factor in pumping up the price, but we also see that money does not flow in only one direction.
well it is only 20 days past the ½ ing and things suck for mining ⛏️.
if you dca and hodl it is a non issue.
Do you think mining is based on country or what?well it is only 20 days past the ½ ing and things suck for mining ⛏️.
if you dca and hodl it is a non issue.
I don't think miners are poor, otherwise they wouldn't continue mining
let's say that if you are not expert you certainly won't survive the halvings
you have to know what you do how you do it and you have to know how to base everything and in which country
it's not easy
This could be the final time we see Bitcoin below $100k I see a great opportunity for everyone to dive in before price pump. There has been little market action, as practically everyone is waiting for the final dip before the bull run to stack more. I'm still on the bench waiting for the right time to enter the market.
Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).
As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.
Are you referring to this cycle or in general that it will no longer be possible to buy under $100k? In any case, I believe that regardless of the strength of the bull run, in the end there will still be a correction, and that it will not be less than 50%, which will mean that at some point the price of BTC will again be as it is today (possibly even lower).
As for hesitating and waiting for the "right moment", it is certainly some kind of game or even gambling - because although it is possible that the price will fall even lower, it is also possible that it will not be much lower than the levels we had recently. In addition, a lot of people today are not at all satisfied, even when you tell them that within 1+ years they could earn 100% if they invest in BTC, because they dream of earnings from the past, and today's numbers are missing at least one 0 more that is not at all realistic.
After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL :D My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.
Sorry for your eth choices but to each Thier own. My thoughts on eth is it is a dead coin and get out of it. Move your eth to Solana. My thoughts are just that thoughts. I have fully liquidated all my eth and happy I did it.
After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL :D My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.
I don't think that bitcoin will have any difficulty in price increase is just that the right time for that has not come, and when it comes you will marvel how the price of bitcoin reached a new ATH. Bitcoin is first before any altcoins and if bitcoin have not hit the bull market, I doubt if any altcoin will be bullish. We only need patience with our bitcoin hodlings for the market to be in green.2 months is enough i think?So far, seeing exchanges that are in the red due to the impact of falling bitcoin prices is very sad. It seems that bitcoin is having difficulty increasing its price again. The altcoin season may come with a bitcoin crash in the next wave when bitcoin hits bottom.
remember what we have had before the Halving happens? we have a breaking of ATH and I think that its normal that we see this market response now.\
But the thing about investors are shifting to altcoins? i don't know if there is a room for this since the whole market is bleeding also .
After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL :D My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
~snip~
What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.
Sorry for your eth choices but to each Thier own. My thoughts on eth is it is a dead coin and get out of it. Move your eth to Solana. My thoughts are just that thoughts. I have fully liquidated all my eth and happy I did it.
After the next bull run cycle, the probability of Bitcoin falling below $100k is not inconceivable, but it is unlikely. I'm not sure when BTC will reach $200k-400k, and if I tell my kids that I bought my first BTC below $400, they'll never believe me if they don't see a Porch or a Ferrari in the basement. LOL :D My current purse is not enormous, and I feel that BTC is becoming further out of reach with each passing year.
Gambling is a way of life, so I'm just taking my chances now; if it falls below what I expected, I'll stack 70% of my savings; if it stays the same or rises slightly, I'll stack 40% of my savings and gamble 30% on Ethereum.
What happened to crypto asset diversification? Where do we draw the line? I have a few Sol shitcoins in my wallet that I purchased at the $18 dip, and I haven't decided whether to get eth just yet; everything is dependent on the Bitcoin price. I imagine eth hitting $10k or more in the next bull market, and owning 2-3 pieces wouldn't be a bad idea unless you know something I don't. Tell me.
Bitcoin would always be the main trend setter or the ones who would really be that be based up on how the market condition should really be started on. When we do speak or talk about market consolidation then this is something that cant really be predicted as it always be because we dont know on how long or how many months we would really be keep on guessingI don't think that bitcoin will have any difficulty in price increase is just that the right time for that has not come, and when it comes you will marvel how the price of bitcoin reached a new ATH. Bitcoin is first before any altcoins and if bitcoin have not hit the bull market, I doubt if any altcoin will be bullish. We only need patience with our bitcoin hodlings for the market to be in green.2 months is enough i think?So far, seeing exchanges that are in the red due to the impact of falling bitcoin prices is very sad. It seems that bitcoin is having difficulty increasing its price again. The altcoin season may come with a bitcoin crash in the next wave when bitcoin hits bottom.
remember what we have had before the Halving happens? we have a breaking of ATH and I think that its normal that we see this market response now.\
But the thing about investors are shifting to altcoins? i don't know if there is a room for this since the whole market is bleeding also .
Bitcoin would always be the main trend setter or the ones who would really be that be based up on how the market condition should really be started on.Indeed, Bitcoin will always be the trend setter of altcoins. Although probably there are several altcoins that are not following the Bitcoin market condition, the percentage is very small. and they are probably part of coins that are being hype. OS, this will be quite different developing and progressing. But for other altcoin type, most of them are following Bitcoin.
when we would really be still might be experiencing some deep corrections on upcoming months or making some sideways movement for couple of months until on Q4Indeed, usually the Bitcoin price will still be very fluctuating and will still decline quite significantly and will not be able to make significant progress to rise again a few months after the halving. However, I still really hope that BTC prices can start to rise again quite significantly in Q4 this year. Because the bullish era or Bitcoin ATH occurred before the halving. Is it possible that the bull run peak process will also be faster in the future compared to the usual cycle?
I am anti eth and have been anti eth for years. basically it is not for me. Do I know anything special about eth no. but I believe it lost its way when it left POW. I also think both AMD and Nvidia would like to hurt them for leaving mining. So I feel there is a target on the back of eth. But that is just what I think
Indeed, usually the Bitcoin price will still be very fluctuating and will still decline quite significantly and will not be able to make significant progress to rise again a few months after the halving. However, I still really hope that BTC prices can start to rise again quite significantly in Q4 this year. Because the bullish era or Bitcoin ATH occurred before the halving. Is it possible that the bull run peak process will also be faster in the future compared to the usual cycle?I don't see a sharp decline in BTC after the halving because the halving is seen as a milestone marking the start of a new cycle. Typically, BTC price only re-accumulates after a period of rapid recovery to lead the market out of the harsh crypto winter. So I think we just need to endure a period of boredom instead of facing a serious market downturn right now.
Im not really that making myself to be fixated when it comes to those previous cycles that it could definitely happen in the future or on the present. Everything could change in a snap.Bitcoin would always be the main trend setter or the ones who would really be that be based up on how the market condition should really be started on.Indeed, Bitcoin will always be the trend setter of altcoins. Although probably there are several altcoins that are not following the Bitcoin market condition, the percentage is very small. and they are probably part of coins that are being hype. OS, this will be quite different developing and progressing. But for other altcoin type, most of them are following Bitcoin.when we would really be still might be experiencing some deep corrections on upcoming months or making some sideways movement for couple of months until on Q4Indeed, usually the Bitcoin price will still be very fluctuating and will still decline quite significantly and will not be able to make significant progress to rise again a few months after the halving. However, I still really hope that BTC prices can start to rise again quite significantly in Q4 this year. Because the bullish era or Bitcoin ATH occurred before the halving. Is it possible that the bull run peak process will also be faster in the future compared to the usual cycle?
the fees, gentlemen, are really very very low
stuff that hadn't been seen for many months
it means that whoever had to move things, moved them
obviously I'm referring to ordinals, inscriptions and runes
Now he seems very calm from that point of view
among other things I got an NFT
the fees, gentlemen, are really very very low
stuff that hadn't been seen for many months
it means that whoever had to move things, moved them
obviously I'm referring to ordinals, inscriptions and runes
Now he seems very calm from that point of view
among other things I got an NFT
I did made use of the network yesterday. I sent Bitcoin from my wallet from my wallet yesterday and I was surprised by the amount of sats requested, it was asking for 6 sats actually and I did 7 sats for the transactions and under 7 minutes, my transaction got first confirmation, this is after 5 weeks I last did a transaction and I'm happy we are here but the question is will this last?
I think the reason for this is because the market is calm for now. If Bitcoin make a move to 70k or even above, we are going to experience another month of congestion or even more depending on if bull run click or not.
It is good to see that you can make your bitcoin transactions and pay a lower fee unlike when the network was congested with BRC-20 tokens. I just confirmed the cheap transaction fee as I am consolidating my transactions now to one output so that in future, I don't need to pay too much for transaction fee due to smaller input that I will use an one output when making a transaction. Yea, the market is calm and so is the blockchain but I believe during the bull run the network will be congested againthe fees, gentlemen, are really very very low
stuff that hadn't been seen for many months
it means that whoever had to move things, moved them
obviously I'm referring to ordinals, inscriptions and runes
Now he seems very calm from that point of view
among other things I got an NFT
I did made use of the network yesterday. I sent Bitcoin from my wallet from my wallet yesterday and I was surprised by the amount of sats requested, it was asking for 6 sats actually and I did 7 sats for the transactions and under 7 minutes, my transaction got first confirmation, this is after 5 weeks I last did a transaction and I'm happy we are here but the question is will this last?
I think the reason for this is because the market is calm for now. If Bitcoin make a move to 70k or even above, we are going to experience another month of congestion or even more depending on if bull run click or not.