Why I think Bitcoin would experience dumps in the next months?

[abdullah553 1981]

On 11/16/2019 at 2:01 AM, PiroSense said:

Contrary to most people here who are predicting bull run might happen in the next few months, I'm on the other side of the way. Even with recent positive news that indicates another bull run, I do believe that we would experience major dumps (price lows) mainly because:

 

1. The whales know that when the next halving is about to occur, the price is likely to skyrocket. And while this is good for them, they want to get the most out of it by selling their holdings, crashing the price, then buy at those lows to get the most profit when it would hit ATH (all-time-highs).

 

2. When the whales start to manipulate the market and the price comes down drastically, FUD (Fear, Uncertainty, and Doubt) would start to kick in. Non-whale investors would most likely panic and sell to early to further cut losses, which would decrease the price more.

 

And so that's why I'm not still buying Bitcoin today, but rather wait a little bit more until I see no action from the whales.

I really do not think that Bitcoin today is facing dumping operations that the retention by the miners is still large, this means that the matter will be better in the future

[basel23 1722]

I do not think that it is easy to control the bitcoin price after the huge increase in trading volumes, and I have not sold the bitcoins that I own even if the prices fall, because they will rise again with certainty.

[Dadouasaad123 902]

I think that a strong cryptocurrency like Bitcoin is not affected much by whales, and what really determines its value is supply and demand, it rises and falls every day thousands of dollars, if the demand for it will rise, and if the supply is going down, these are the paths of Bitcoin Difficult to predict because of this feature, but as far as whales are concerned, we don't must to worry about them, just keep investing in bitcoin.

[Jami ss 843]

My dear friend I want to tell you that at this time the price of the between is going high in the market of cryptocurrency you can see that the price is crossed the $60,000 so this is a big chance to get the good profit with the price of Bitcoin and the price is not dum 

[Maria karam 667]

This always happens, as the bitcoin price increases dramatically, we find whales selling to make a profit, and this makes the price drop a lot and causes concern to many investors who also sell and contribute to lowering the price further, but at this time the opportunity is great to buy bitcoin.

[Nersreem 279]

Actually,  I like the scenario that you made to us about the price of bitcoin and the manipulation of whales, and I totally agree with you and I think this will realy happen!.

[karam_s 412]

Cryptocurrency prices cannot be predicted because this is linked to many variables. It is natural for the price of bitcoin to drop after this crazy rise. Bitcoin is the greatest investment in human history. The price of bitcoin will rise again and in a crazy way.

[Vola1s 727]

I think your prediction does not match the reality, the fact is Bitcoin price has gone up high after half and today is still increasing. This increase is the highest after 2017 and is quite durable. My hope is that Bitcoin can maintain its price and set a new record of $ 100,000 by the end of this year.

[Muhammed7 320]

The most important rule in the world of investment is to be patient and not greedy, because this trade may be volatile as I mentioned, and whales want to stay for them only and get everything we have. We do not deny that they have experience in what they do, we should not listen to what they say, they do not want our interest most of the time.

[kion 381]

Well, nobody hopes to see that Bitcoin experience dumping in few months time, but on another way, if we consider your number 1 point, then I think that  you made a very good observation a dn even me, if I am a whale, I will do the same to make the price crash so that I can buy at low price s again.

[Reen 1120]

Actually,this is natural. If bitcoin pump last moth it dumps next month. I think at the beginning of next month bitcoin will start dumping.It's really normal for bitcoin to experience those kind of things because it is part of it's nature. So we should be careful.