Bitcoin 80% Crash after the Halving!

Bitcoin, 80 percent crash after the whole thing. That sounds like clickbait. I totally agree. But this happened not after the second troughing, but after the first talking on the twenty-eighth of November, two thousand and twelve, a couple of months later, the price of Bitcoin. Believe it or not. And actually, I was a little bit stunned myself when I had a look at this. The price of Bitcoin dropped pretty much exactly 80 percent a couple of months after the first bitcoin morphing. Can this happen again? And how likely is it that this will happen again? All that and more in this episode. And who could have guessed the U.S. Treasury will borrow a record three trillion U.S. dollars this quarter as stimulus spending soars. So more money printing. And where does all that money go? Well, we do not know yet, but maybe just a little bit off that will flow into Bitcoin. And now let’s jump right into it. And with that said, what is going on, everyone? Sunny, decree here. And welcome back to the channel. Before we’re going to start, if you guys like this kind of content, please make sure to show that would like it is for free. It only takes one second. I’m very, very thankful for all your support. So what we’re looking at in here is the Bitcoin morphing countdown. Only six days and 20 hours are left. But today we want to be exact. We don’t just want to have approximate numbers. We want to have exact numbers. Now, probably already figured that the Bitcoin hall thing is determined not by time, but by block height. Two hundred and ten thousand. We can see that here on the blockchain. Explorer block height. Two hundred and ten thousand happen. Exactly. On the twenty-eighth of November 2012. And we also have time. So when we go to the B, Alex, take A later and check on when the whole thing exactly happened and what the price development was around the whole thing post having but also pre having. We have exact dates. The second Bitcoin having obviously happened two hundred and ten thousand blocks later. That would take us to block number four hundred and twenty thousand. And that occurred on the 9th of July 2016. So let’s go back in time a little bit. First, we’re going to have a look. A blockade. Four hundred and twenty thousand or the last halving which went down in 2016. As I’ve already said, on the 9th of July 2016. And what happened afterwards? Well, the price of Bitcoin was pumping pree having but post having the prices going sideways and then actually corrected to the downside. The price of Bitcoin dropped approximately 26 or 27 percent over three days. And if you think about how people would actually freak out about such a drop, how many people would call Bitcoin to go to 1000 dollars if that would happen after the whole thing in six days. Right now, there are so many bears out there and the sentiment can actually shift quite fast. So this already would be quite a significant drop and maybe could even spark a cascade to the downside. But that is absolutely nothing to what happened back in 2012. We’re going to come to that in a second. But obviously, if we sue Martin here a little bit, you guys know what happened. The price of Bitcoin started to pick up again and then went all the way up into the all-time highs that we know from 2017 to twenty thousand U.S. dollars. It was quite a ride. It was a bumpy road, that’s for sure. But Bitcoin was getting there. We had all these corrections on the way up, as you can clearly see right here, all the way up to twenty thousand U.S. dollars. So, no, it is not that easy. Guys, this no gets rich quick. This is more like get rich for sure. The road is going to be bumpy. It’s not going to be easy to hurdle Bitcoin all the way through to new all-time highs. That is the most important lesson from this video. But now let’s go back in time even further. Let’s go back to 2012, and this is actually quite mind-blowing. All right. Now let’s talk about the blockade. Two hundred and ten thousand. So the first Bitcoin whole thing that ever occurred was to block reward. Got cut in half from 50 Bitcoin per block to twenty-five Bitcoin per block. That happened on the twenty-eighth of November 2012. And if we just have a look at this daily chart in here and look a couple of weeks forward. Well, the bitcoin price developed quite nicely. We went positive into the halving and we came positive out of the having. And the price of Bitcoin went up. But pay attention in here. Most probably there was so much hype. So the price was actually over, but quite significantly. And then at some point, some waves started to sell off and sparked that cascade effect that I was talking about to set the whole sentiment off the market bearish because often the price of Bitcoin went up so significantly in here. Look what happened. And this is something that we have to keep in mind. And I had no idea about this. I mean, I knew that the road has been bumpy, but I had no idea about how much the price of Bitcoin actually correct. The price of Bitcoin went all the way up in here to a high of two hundred and sixty-nine U.S. dollars and plunged all the way back down to a low of fifty-one U.S. dollars. And if we measure debt, move in here in percentages, believe it or not. But this is a correction of more than 80 percent. Almost eighty-one percent. Just think about that real quick. That would mean if Bitcoin would be a 10000 U.S. dollars, for example, an 80 percent correction would bring the price of Bitcoin back down from 10000 U.S. dollars to two thousand U.S. dollars. Now back to the present six days left before the next Bitcoin morphing. I want you to ask yourself right now, would you be ready if Bitcoin would be dropping from 10000 U.S. dollars a couple of days or a couple of weeks after the Bitcoin happened? If Bitcoin would drop back down to two thousand U.S. dollars, would you be ready to keep holding Bitcoin or would you be one of those guys selling Bitcoin for two thousand dollars? Then please let us know that down below in the comments section and ask yourself that question, because if you are one of those who are selling when Bitcoin drops back down. It already happened. Of course, the probability right now is lower that this will happen again because remember, back in the day in 2013, we had a market capitalization of only one point five billion U.S. dollars, and we’re currently talking about approximately one hundred and sixty-five billion U.S. dollars. So to cost these 80 percent drops like we have seen in 2013 after the 2012 Bitcoin halving in November, well, it takes way more. Right now, it was way easier back then to dump the market than it is right now. But it already happened. And we have seen multiple patterns that repeat it themselves. So be ready for the worst because then it’s going to be way, way easier when it happens. To be honest, I personally find the probability for that to happen very low because once again, we have a way higher market capitalization. There’s way more liquidity around and it would be way, way harder to cause such a drop. But now let’s jump into the Bitcoin one hour chart and see what’s going on in the present. Well, probably already figured on the Bitcoin one hour chart that Bitcoin has a fight around the nine thousand U.S. dollar mark. I have no idea how many digital, Meems. I already posted on Twitter right now. But what we can clearly see still, in my opinion, is a consolidation facing here. We still have lower highs, but we also have and this is very important, still higher lows. The volume is still going down. Of course, we’re going sideways right now. It looks like the volume wants to break out in here. But overall, the volume is still going down. So we’re hovering perfectly around that nine thousand dollar mark. I think that short term and moved to the upside is slightly more likely than a move to the downside. But you guys know how it is. It is Bitcoin. The whole thing is coming up. Definitely a bullish event, but once again, by the rumour sell the news, that is definitely still on the table. So be very careful and be ready for both directions. You want to be exposed already to Bitcoin because if the train leaves the station, you don’t want to chase it. But if the prices are coming down again, well, you don’t want to be all in already. So you have still some cash left to buy more bitcoin. And just in case that you want to leverage trade, the bitcoin volatility that we’re seeing right now to gain some profits, I personally recommend that FedEx platform. This is only for experienced traders. But if you’re interested, this is my number one trading platform. Currently, video tutorials popping up on top of the screen right now. And with my sign up, Blinkx Tumblr. You can get up to one hundred and twelve dollar bonus. And with that, you’re also supporting the channel. Thank you guys very much. And now let’s continue with the episode. Now let’s talk about cash. Who could have guessed the US Treasury will borrow a record of three trillion U.S. dollars this quarter as stimulus spending soars. We’re talking about three thousand billion in here, an additional three thousand billion. And where are they going to borrow that from? This is absolutely ridiculous. The Congressional Budget Office said that it expects the federal budget deficit to hit three-point seven trillion U.S. dollars by the end of the fiscal year 2020, more than four times the current deficit at the halfway mark of the fiscal year. The CBO is also predicting that the national debt will eclipse the annual economic output of the United States in 2020, with the ratio of federal debt to GDP rising to one hundred and one percent. Well, if you ask me, despite the massive Bitcoin volatility that we have seen in the past and that we’ll see in the future, Bitcoin doesn’t seem like such a bad asset anymore. It is limited. It is a scarf’s. And most importantly, inflation is given at any time in the future. And, well, we cannot really say that about the U.S. dollar and definitely not anymore right now. But that is it all ready for today’s episode once again. If you enjoyed it, please don’t forget to leave a like thank. Watch for your awesome support, and I hope to see all of you in the next one by.