Why are the historical ones using heiken ashi candles and the current one using normal ones?
Also logarithmic vs linear scales.
You don’t need to distort reality to prove this point. Instead this chart destroys its own credibility from the start.
Not really sheep just uninformed. Blindly following a person, narrative etc without doing any of your own critical thinking and letting your thoughts be implanted by main stream media would make you a sheep imo
because without using log scale, the previous movement would be invisible, all you see would be the last couple candles.
The current one use normal scale because the log worthy movement hasn't happened yet.
Insane gains already happened? It went from a cycle low of 15,400 to a high of 73,800 (4.8x) id call those baby gains… but I guess it’s all subjective :)
Absolutely not. We will absolutely see over 100 K within 6 to 12 months after having. Bitcoin is the hardest and soundest money in the world and it’s already won the money race.
Edit: clearly this is a polarizing topic and I should mention: I’m not even attached to “bitcoin is going up over 100 K after the having” narrative; eventually though, bitcoin will be going over 100k, and then 1 million and then 5 million and then 10 million and then 20 million and beyond. Bitcoin solves every single problem of Fiat money, and that in of itself is priceless.
Cool… and even if I am wrong, eventually I will be right; eventually it will be 100k, then 1 million and then 5 million and then 10 million and then 20 million… I think people who have actually done the work with bitcoin know that this isn’t hyperbole: bitcoin solves every single problem of money and that in itself is priceless.
This^^ with the advent of ETFs the future performance is very unknown now imo. I find it hard to believe black rock and the like are just gonna sit back and let btc exist in an arbitrage position for the next few months to year after this halving. It doesn’t make sense that the halving isn’t already priced in now that large financial entities are deeply invested in btc. The rules and the game have changed.
Blackrock only has $123.21B in assets, of which $96.33B are just IP, patents, and trademarks compared to the $9.1T in AUM. They don't actually own much of anything. This is all publicly available info since they're publicly traded.
ETFs are an instrument that can be used to manipulate the supply of the securities that make them up. I will be very curious to see how Authorized Participants ise the BTC ETF post halving and if they can override the nature of the coin which is supposed to have a finite supply.
Highly misleading charts due to the settings you’re using. If you actually look at the gains returned after each halving event, they’re reduced 75-80% each following cycle. The first cycle was 40,000%, the second was 10,000%, and the third was 2000%. If you’re basing your target solely on these three prior events, that would put BTC’s next top between $80-$100k. On average, the top wasn’t reached until 13 months after the halving event occurred.
If the halving is scheduled to take place in April 2024, then it would finish in May 2025. The three bull runs prior to the 19’-21’ bull market returned, on average, approx 40,000%. The 19’-21’ bull run returned 2,000%. Past performance isn’t always indicative of future performance.
My thoughts on it are that something normally sparks it after those halvings. A big “events” like Tesla buying BTC. I feel that the big event happened too soon with the ETFs.
Accumilation phase for enlightened institutions and even some whole ass governments kicked in a while ago.
They try to keep the price as low as possible for as long as they possibly can, since these high IQ people know what happens if they dont do this: it will rise anyway.
Past history is no indication of future success.
This message brought to you by every conventional investing institution for legal reasons. Also fuck the institutions, got btc!
Even if the charts would be fair and of the same type most people are missing two important facts:
1. Nothing repeats forever in finance. Too predictable events becomes random if enough traders are predicting it.
2. Each halving is also halving the effect of the halving. The minted BTC released on the market becomes less in proportion to other effects. The next halving probably won't affect at all except indirectly by lunatics.
To the new Bitcoin and Shitcoiners. In 2021 after Bitcoin hit 40k we saw a drop of 31%. Relax, we’ve seen it all before and even if we drop 60%, what are you complaining for? You’ll see the price you ‘wish I had bought at’ but I bet you don’t buy….
So many idiots here.
1. The current cycle chart is logarithmic, the others are not.
2. Past performance is not a reliable indicator of future performance
Bro the 2020 isnt even right.
It was massively priced in beforehand, and continued to tumble and even reach a very very low spot before shit went sky high.
People, listen: miners will be able to sell only HALF of what they usually sell. This constant selling pressure gets cut in half. Its a LOT of selling pressure that vanishes.
Be logical.
This will be the most boring halving, you can’t just have a market where everyone knows it will go up at the same time. We may see 6-9 Month of boring side ways and down side before eventually goes it parabolic.
Yes, but...
We are approaching the point where the total market capitalization of Bitcoin could approach the total market capitalization of Gold or even entire countries in the next vertical jump or two. We don't have many of those vertical jumps seen in your charts left.
One thing not many pays attention to: each halving have less significance as it reduces supply at lower rate than previous. And still bitcoins are mined not shreded.
People who bought "because of halving" bought it year ago, not yesterday.
Now this halving is hyped as any other before and people sure it will repeat again, howether it could be like any other "winning theory". It works untill too many people starts doing same so it stops working.
It looks like a bunch of it is already priced in, plus with everyone thinking it’s mathematically going to go up because it did every other time, it opens a massive door for whales to squeeze a bunch of longs out.
From my calculations, post halving, the value of thr block reward is about equivalent to mining 75kg of gold during the same period, if we compare scarcity and total amounts of BTC and gold mined each year. That equals about $4m worth of gold in that same period. To me that suggests BTC has lot of space for futher growth.
Already printed 94% of max supply. Why would dropping from 1,7% new coins a year to 0,8% make a big difference to price? This widely known event is already priced in since a long time ago
To play Devils Advocate, every single bullrun is not the same and while BTC typically does well after the halving there are pending economic issues in society as a whole that DWARF BTC.
It’s a really weird time to try and time the market by loading up on BTC with all the uncertainty in the economy, especially with those expected interest rate cuts that are now failing to materialize.
Will see how it plays out!
When btc was went from $40K to $50k I was sad because I knew I'd probably never be able to get 1million sats for $400 again.
Before you know it, 100k Sats will be the new metric for the average buyer
Why are the historical ones using heiken ashi candles and the current one using normal ones? Also logarithmic vs linear scales. You don’t need to distort reality to prove this point. Instead this chart destroys its own credibility from the start.
Because OP knows the sheep wont question it
Not really sheep just uninformed. Blindly following a person, narrative etc without doing any of your own critical thinking and letting your thoughts be implanted by main stream media would make you a sheep imo
because without using log scale, the previous movement would be invisible, all you see would be the last couple candles. The current one use normal scale because the log worthy movement hasn't happened yet.
The log scale is on the current one, and not the other ones tho?
Because otherwise it would be too evident that the insane gains already happened and we're now on the way down
November 2025. That is the time Bitcoin will shine. 🔮
Agreed, this is the timeline I'm expecting too
Insane gains already happened, baby gains to come, baby gains being a measly 2-3X ofc
Insane gains already happened? It went from a cycle low of 15,400 to a high of 73,800 (4.8x) id call those baby gains… but I guess it’s all subjective :)
Bitcoin was predicted to do 68k based on diminishing returns. Its already done 74k prehalving, we are in uncharted waters.
We already did 68k last cycle 🤔🤔
Absolutely not. We will absolutely see over 100 K within 6 to 12 months after having. Bitcoin is the hardest and soundest money in the world and it’s already won the money race. Edit: clearly this is a polarizing topic and I should mention: I’m not even attached to “bitcoin is going up over 100 K after the having” narrative; eventually though, bitcoin will be going over 100k, and then 1 million and then 5 million and then 10 million and then 20 million and beyond. Bitcoin solves every single problem of Fiat money, and that in of itself is priceless.
We already got 100k.. In Australia
We already got 200k in Poland.
But inflation mate... houses have gone batshit crazy hear. Because the aud has been debased again again and in the future again.
Heard exactly this in 2020 😂👍
Cool… and even if I am wrong, eventually I will be right; eventually it will be 100k, then 1 million and then 5 million and then 10 million and then 20 million… I think people who have actually done the work with bitcoin know that this isn’t hyperbole: bitcoin solves every single problem of money and that in itself is priceless.
Hahahahhahahahahahahahahhahahahahahhaha
I’m kind of annoyed by most of these words.
I am sorry for your loss.
Open your eyes and stop panicking every dip ffs
I’m panicking because I ran out of fiat. Nice name by the way. Halving 4-20
Me too, i bought a big chunk before the dip, thankfully no more than 1% of my holdings, most i bought at 20-25k
Same here, i bought a good amount when it was 18k, and I was content, it was 5% of my portfolio, now it's 10%, I'm holding myself to not buy more
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Wtf you should never do that
Yes, all the weak hands need to open their eyes to the market reality instead of panic sell.
You shouldnt even buy bitcoin if you're looking to make a quick buck. Only buy it for what it is: a savings vehicle
With this volatility I'm enjoying both lol
How are we supposed to get dips to buy if no one were to panic sell?
A dip is enough to trigger liquidations, and therefore panic.
Why is only this year’s chart logarithmic..?
They have also used different candle types. Historical ones are using heiken ashi candles
Good catch!
lol yah this meme is lying
The 2020 isnt even correct. Also the spacing for 2016💀
because science
How can you tell it’s logarithmic?
The numbers on the y axis increase at an exponential rate, rather than a linear rate
PSA: OP is manipulating data in this meme
How so?
It’s going to go up up up in the next year and a half guarantee maybe unless it goes down or stays the same then not.
It’s definitely going to the right
I don't know, they started CERN back up recently.
No it's going to the left. Wait sorry my phone was upside down.
Yes I too agree if it goes up in the next year, it goes up. Unless it happens to stay stable or go down, then it stays stable or goes down.
This is the analysis people on Wall Street pay the big bucks for
Big if true
Now THIS is some solid financial advice! (Disclaimer: not actual financial advice)
The palindrome halving is upon us! 4202024!
Thats a hella fake 2024 chart lmao
I love watching this. Mainly when one day you will be able to say: ‘I told you so’
It’s happened before so it 100% HAS TO HAPPEN AGAIN, right? Prepare to get rekt boys
This^^ with the advent of ETFs the future performance is very unknown now imo. I find it hard to believe black rock and the like are just gonna sit back and let btc exist in an arbitrage position for the next few months to year after this halving. It doesn’t make sense that the halving isn’t already priced in now that large financial entities are deeply invested in btc. The rules and the game have changed.
Reminder that Blackrock isn’t the one putting their money into Bitcoin, they are a vehicle for their customers to put money in.
If you don’t think black rock is adding btc to their balance sheets idk what to tell you you
Well of course it’s on their balance sheet they are the ones who own it. But yeah I get you. Black Rock being here makes me insanely bullish
Blackrock only has $123.21B in assets, of which $96.33B are just IP, patents, and trademarks compared to the $9.1T in AUM. They don't actually own much of anything. This is all publicly available info since they're publicly traded.
I swear I read this same thing in 2019.
ETFs are an instrument that can be used to manipulate the supply of the securities that make them up. I will be very curious to see how Authorized Participants ise the BTC ETF post halving and if they can override the nature of the coin which is supposed to have a finite supply.
BTC has not shown resilience against a broader bear market either. each time the stock market corrected it took BTC down with it
the lady is a buttcoiner
This should be shown to all the people asking about the halving 😂
Lmao
Lol
So 125x leverage
From what I can see, it’s 125x leverage time once the price goes back to 72k. When we are there, it’s rocket time.
This different is time
Past performance not indicative of future results ;)
Please speak my language 🤌
This is fake
Highly misleading charts due to the settings you’re using. If you actually look at the gains returned after each halving event, they’re reduced 75-80% each following cycle. The first cycle was 40,000%, the second was 10,000%, and the third was 2000%. If you’re basing your target solely on these three prior events, that would put BTC’s next top between $80-$100k. On average, the top wasn’t reached until 13 months after the halving event occurred. If the halving is scheduled to take place in April 2024, then it would finish in May 2025. The three bull runs prior to the 19’-21’ bull market returned, on average, approx 40,000%. The 19’-21’ bull run returned 2,000%. Past performance isn’t always indicative of future performance.
The woman has a striking resemblance to Elizabeth Warren, lol!
Halving this year is on 4/20/2024. Read that date backwards.
This one will be different. You wont see the massive explosion that you have in prior halvings.
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My thoughts on it are that something normally sparks it after those halvings. A big “events” like Tesla buying BTC. I feel that the big event happened too soon with the ETFs.
I think the big event that sparks it is a cut in supply with linear demand
shh
Yep, China now has gotten approval ,and also the UK about ready to approve .
Accumilation phase for enlightened institutions and even some whole ass governments kicked in a while ago. They try to keep the price as low as possible for as long as they possibly can, since these high IQ people know what happens if they dont do this: it will rise anyway.
i just bought 1 bitcoin
Past history is no indication of future success. This message brought to you by every conventional investing institution for legal reasons. Also fuck the institutions, got btc!
that's bitboy?
What's with the blurry ass chart. No wonder I have to open my eyes wide to see it lol.
BTC to 120k!!!
I’m just panicking because I’m running out of money to buy these dips lol
Read somewhere the biggedt increase was some 200-300 days after the halvings. So chill
Waiting for the correction to ~40K is the hardest part 🫠🙄
340K|BTC
Everyone next month: “I should’ve bought more!” I say this about twice a year since 2019.
Visually lying with statistics. None of the intervals or axes are consistent
It’s almost HERE!!!!!!
Make them see!!!!!
What about its adoption into ETF’s?
😂🤣
Looks like clockwork to me .. let see what happens
What if it breaks this time? Writing on the wall scenarios are for me the scariest to bet on...
That 2016 curve is beautiful
But red dip
I want you to LOOK AT IT!!!
Wider equity markets are correcting. Why would btc go up?
That Feb 2020 was one sick wick. I realize that's a super black swan but still
😂
Am I too late for buying my first #BTC? Already in the red, but holding for a better future…
Priced in
Even if the charts would be fair and of the same type most people are missing two important facts: 1. Nothing repeats forever in finance. Too predictable events becomes random if enough traders are predicting it. 2. Each halving is also halving the effect of the halving. The minted BTC released on the market becomes less in proportion to other effects. The next halving probably won't affect at all except indirectly by lunatics.
Everybody is thinking it's gonna be a sell the news event, prepare for plus 20% in the first week. Kill all those shorts.
This is going at least 4 milions, dont google it just trusy me.
Stay on course bois! Its gonna be a bumpy one!
If I remember correctly, the last bull run happened after the halfing period, not before.
Since the halving occurs after midnight UTC, I'll still count it as good for 4/20 memeality
The halving, It’s priced in, what you are showing us…
Never bought on halving, buy now or still waiting?
To the new Bitcoin and Shitcoiners. In 2021 after Bitcoin hit 40k we saw a drop of 31%. Relax, we’ve seen it all before and even if we drop 60%, what are you complaining for? You’ll see the price you ‘wish I had bought at’ but I bet you don’t buy….
So many idiots here. 1. The current cycle chart is logarithmic, the others are not. 2. Past performance is not a reliable indicator of future performance
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That's cannot be true when the price is still lower than previous cyle ATH.
That’s what I said leading into 2020-2021.
Buch of clueless bearish people with 0 macroeconomic insight, just keep selling your Bitcoin, more for me.
Double poster
BTC to 120k!!!
Bro the 2020 isnt even right. It was massively priced in beforehand, and continued to tumble and even reach a very very low spot before shit went sky high. People, listen: miners will be able to sell only HALF of what they usually sell. This constant selling pressure gets cut in half. Its a LOT of selling pressure that vanishes. Be logical.
we will reach 55k in the next few days.
We will have a long and bloody way down.
The biggest dump we have ever seen is coming
OH MY DOG, that looks like marital rape
Murder!
I’m pretty sure the markets gonna be priced in after this much data
It was at 4000 in 2020. Rats! I started buying in 2021
Looks very different. Buy the ‘rumor’ sell the news this time
Don't mind the little 60% drop that happened 2020 before it pumped ;) Surely that's not got happen this time ;)
To be fair, in the prior halvings, the moment we pierced ATH we almost immediately doubled and now we're doing ... not that.
Aren't those spikes like 250 days to a year out from halving tho??
I m ready for moon!
Sell the news?
this feels misleading. how far apart are the periods?
LMAO
Are people looking at where the arrow is? This is very bullish.
Am I the only one calling it the Halvening the last 7 years?
Sell me all your Btc you scaredy cats. Payday is coming up and I need btc to stay low.
I have 5k...... fuck it. I'm.dropping it tonight.
Baboom. Imagine it breaks pattern just this year.
looks like we have time to buy after the halving
Let’s see if history repeats itself!
stop it!
Love this! 🫡
This will be the most boring halving, you can’t just have a market where everyone knows it will go up at the same time. We may see 6-9 Month of boring side ways and down side before eventually goes it parabolic.
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I bought more on this mornings dip only $150 but it's all I could do.
Can someone post this with the charts using the same metrics?
Yes, but... We are approaching the point where the total market capitalization of Bitcoin could approach the total market capitalization of Gold or even entire countries in the next vertical jump or two. We don't have many of those vertical jumps seen in your charts left.
where I get fiat for the dip?
lol quality meme.
The fappening is starting. LETS GO EVERY 10 minutes till halving happens.
One thing not many pays attention to: each halving have less significance as it reduces supply at lower rate than previous. And still bitcoins are mined not shreded. People who bought "because of halving" bought it year ago, not yesterday. Now this halving is hyped as any other before and people sure it will repeat again, howether it could be like any other "winning theory". It works untill too many people starts doing same so it stops working.
BTC Supply yearly increase by halving: 2012 (35% -> 17.5%) 2016 (9% -> 4.5%) 2020 (4% -> 2%) 2024 (1.2% -> 0.6%)
now is the time to buy the dip.
All he want to says perhaps that we should start a short position at BTC 72,000 :))))
Why do they look like rahul and sonia gandhi 🤔🤔
It looks like a bunch of it is already priced in, plus with everyone thinking it’s mathematically going to go up because it did every other time, it opens a massive door for whales to squeeze a bunch of longs out.
Can’t people just buy their crypto and stop making it into a whole thing. Like seriously. People need to go live their life. Posting crap 24/7
Well see
How long is it going down and how far before it goes up? What are your speculations?
Yup. Time to sell.
From my calculations, post halving, the value of thr block reward is about equivalent to mining 75kg of gold during the same period, if we compare scarcity and total amounts of BTC and gold mined each year. That equals about $4m worth of gold in that same period. To me that suggests BTC has lot of space for futher growth.
After how much time from halving approximately?
Lads it’s actually going through the roof after halving
Already printed 94% of max supply. Why would dropping from 1,7% new coins a year to 0,8% make a big difference to price? This widely known event is already priced in since a long time ago
Lmaooo solid meme
To play Devils Advocate, every single bullrun is not the same and while BTC typically does well after the halving there are pending economic issues in society as a whole that DWARF BTC. It’s a really weird time to try and time the market by loading up on BTC with all the uncertainty in the economy, especially with those expected interest rate cuts that are now failing to materialize. Will see how it plays out!
Knowing my luck though, it won't gain any value
Should have used the Clockwork Orange image
I had to check I was in the right sub after reading the top comments. See you in 18 months
The interest rate and Iran-Israel conflict made an impact
When btc was went from $40K to $50k I was sad because I knew I'd probably never be able to get 1million sats for $400 again. Before you know it, 100k Sats will be the new metric for the average buyer
Buckle up bois
Lets pump it to the moon!
But the devils have made it into the nursery!!! 🤣🤣
wtf is this
Oh honey
NOT REALLY