I am amazed how much the graph on the google trends for buy bitcoin search term is mirroring Bitcoin's price action. It seems that not all of us know, how and where from, to buy Bitcoin, and looking at the graph and the price of the digital gold there isn't too much interest in it nowadays.

The buy bitcoin search term is currently at 7 points on the chart while on December 2017 it was at 100. Man, how I wish those times would come back. I wish even for the June 2019 times to come back, if I start to think how money slipped through my fingers. The market is in a down trend and demand is definitely weak...

Many of you probably know about the Bitcoin halving scheduled for May 2020 when mining rewards will be cut in half. Less Bitcoin for miners means higher prices, as they will not sell on a loss. Who is going to buy it at higher prices though? That's what I see as the main problem. There is no demand even at these prices...

Veterans of this crypto world believe that after the halving we will have a strong price increase, but I doubt that. I won't say that I am 100% about it, as the current price ranges might be "thanks to" miners who still earn 12,5 Bitcoin per block and are on profits even at these prices. Basically they feel comfortable at selling for $7,000 per Bitcoin and might still have plenty of it before it's cut in half.

Some are probably even liquidating stock, before capitulating, as I don't see all of them surviving with the rewards cut in half. From an amateur's point of view, it looks like the great rewarding days of crypto have come to an end. That financial freedom for the average Joe, that could mine Bitcoin or buy it low and sell it high, might have died in 2017.

Why isn't buying the average Joe at the current price, if the halving might boost the price a lot? Probably it got burned too much playing with Bitcoin and simply doesn't believe in it anymore. I, for example, am not a Bitcoin maximalist or minimalist, but I sure wish for altcoins to decouple of Bitcoin, more than I wish for BTC to go parabolic after halving. There are still some undervalued projects that are simply stuck in this BTC market trend.

It's like it's doesn't seem fair for one to decide the trend of almost all. There are a few here and there, that pop once in a while, but usually they follow the leader. I wished there would have been more chaos in this trend and that fundamentals would matter more than just speculation and whale manipulation. By chaos I mean pumping of prices based on fundamentals more, rather than just orchestrated moves.

Bottom line, we have a bleeding market, a very low interest in buying cryptocurrencies from retail investors, and January is just around the corner. Usually, for the last couple of years January was... sad, so I am expecting some cheap, close to $5,000 Bitcoin, even lower. Or... I might be wrong, and we will have a $10,000 Bitcoin, rallying towards halving. I am praying more for the freedom of alts and consider the halving too over hyped.

Thanks for attention,
Adrian