Topic: 0 (Read 207 times)

Well, for the obvious fact that Bitcoin has remained relatively stable and price hasn't crashed back to the $6,000 range while many businesses are crumbling under the weight of this coronavirus pandemic is enough testimony that a surge in price lies in wait for Bitcoin. My belief is that we owe all that to the Bitcoin halving. There will expectedly be a fresh ATH before the end of 2020.

So, for being different to any other halving? No, I don't think so. It will also have all the ingredients of previous halving which is price appreciation.

no i don't see any difference in the sense that the article is trying to suggest. i believe bitcoin to continue on as it was before which is increasing adoption every year faster than the last. there won't be any new financial order or anything like that anytime soon. but there will be a lot more people fleeing from the corrupted banking system to the decentralized bitcoin system specially in countries that there is a severe case of corruption going on like in US or India. all the printed money due to COVID19 will hasten that too. but again that will be increased bitcoin adoption no the way the world works.

I don't see why it's so unlike the previous ones. Just the symbolic part? I don't think that's enough, and we still don't know whether current events will lead to questioning the fiat money enough to let go of it (probably not). The genesis block has a message about the bailout, and 11 years later it's still a relevant issue and something going on nowadays. Bitcoin is not without its problems, and the traditional system has issues as well, but I don't think it will lose this time. Halving is always symbolic, always reminding how different the supply regulation of crypto and fiat are, and this one probably won't be the last one trying to prove this point...

I only agree with the prediction which speaks about the previous pricing trend. Otherwise, there's nothing else to be believed in the entire article apart from speculation.

Historically,  we have seen that bitcoin price reached an ATH within around 18 months from each halving date and it may happen this time too. Unless the price increases, bitcoin transactions will remain costly and the network will remains congested. The price needs to increase so that miners can become profitable once again.

I don't dream big for bitcoin because the scaling issue is real. Either we need LN adoption or increase in price to come out of the current situation. The second one looks more prominent!

Wasn't that the message from the begininig, since the Bitcoin was created, that is the time for changes? However, I.don't think that world is ready and fiat will continue to dominate. Also, we still have the situation that very small number of people is using Bitcoin and cryptocurrencies in general.
The situation with COVID-19 pandemic was also opportunity for changes, however nothing significant hasn't happened and I don't think it will.
Potential and opportunities are there but they remain unused

This message was a reminder to us that the economic order in the world should begin to change. And we, as early adopters, find this message very meaningful. But for these events to have a meaning, Bitcoin must be reaching more people now. Perhaps a large part of the world is aware of the existence of BTC but has not yet had the opportunity to use this system. Especially the days we encounter more often as a payment method should come ...

The potential has already been there right from the start. The new financial order was already at hand way back January 3, 2009 when block zero was mined by Satoshi himself. What is happening right now is but a continuation of the unfolding of the new financial era.

Block 629,999's message “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue” is a just a confirmation to Genesis block's "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

This time is not different either.

Although one thing is simple and it seems that all TA is missing. We need demand. I've read tweets claiming there is OTC demand but that doesn't mean much. OTC buyers are just buying lower and dump on exchanges to make a small profit. What we need is a new wave of public adoption. Both last two bull runs that ended at the end of '13 and '17 were accompanied by rising numbers of new people entering.

There is still time for a bull run to happen and it was expected for the price to go down for a couple of weeks after the halvening. History repeats itself although the circumstances aren't always the same. As I said in an older post the problem seems to be with the way all of us are promoting Bitcoin to the public, making us look like desperate bag holders. There is no reason to lie about Bitcoin. Right now it can't be used as a worldwide currency, but it still possesses features of a secure network where value can be stored safely and transferred with a small fee.

During a recession assets are facing tests and many of them fail. Bitcoin is being tested since March and it is performing better than the stock market. If you are asking us to predict $100,000 or more for Bitcoin, I think that this is possible but only under certain circumstances. We can't just make 1000% in a few months, there is need for continuous adoption and favorable circumstances.

$2.3T fiats were injected to the supply as inscribed in block 629,999 while bitcoin mined per block halved after that. It's probably just a coincidence and I'm not happy about the underlying reason which is COVID-19 but the timing couldn't be more perfect for the bitcoin halving. Let's see how the market reacts.

The many predictions which we were served on what can happened with Bitcoin post-halving are all mostly based on past precedents. However, as of now, we are situated in a different time due to many events that took place maybe affecting the mindset of the people, of the market and the global order. Certainly, we can say that we are in a different era where things, people and organizations are acting and reacting in much different ways away from the predictable patterns.

0