The Great Bitcoin Whale predicts a slump that has hit Bitcoin halving. The price of BTC may fall to the bottom (in previous tweets he mentioned around 2000 USD). Halving is to become an imaginary coffin nail.
Bitcoin Whale: The price of BTC falls to the bottom
Bitcoin halving is a largely expected event that is supposed to positively affect the entire network and the price of cryptocurrency. Inflation will be halved.
The next halving is scheduled for about two weeks from the end of the first half of May. Historically, this has always meant parabolic growth, which in 2017 grew into a bubble. Most cryptocurrencies have reached their maximum, and some altcoins have even dropped to zero after the bubble burst.
Bitcoin Whale Joe007 managed to earn over a million dollars in a huge drop during the beginning of the coronavirus crisis.
Joe007 wrote on the social network Twitter:
Nooo, of course it's not priced in. On the very day of The Great Halvening, everybody will finally realize how underpriced BTC is, and they will all rush to buy it. In droves. With their unemployment checks. https://t.co/wAtitWuZbt
— ᴹᵁᴴ???⁰⁰⁷ ? (@J0E007) April 26, 2020
The whale thus encounters that the expectations are too high. The global economy is simply not doing well, which is putting pressure on the market.
Nevertheless, a large part of the community thinks that the year 2017 will be surpassed.
What do you think? How will halving turn out? Do you think Joe is just trying to manipulate the price?
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