All-Time-High will happen again after Bitcoin Halving on 2020? - page 3.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: justspare on October 27, 2018, 10:14:30 AM

So if you want a good return on your investment than the best investment you can ever have is bitcoin.

Bitcoin is the safest investment, but not directly the best in terms of cold hard % returns, especially in the short term. People figured out that Bitcoin will be going up anyway, and that altcoins follow at a much faster rate (it's almost like they come with a free leverage multiplier), which is why they prefer to park the little money they have in altcoins.

I can't even blame them for utilizing the funds they have in the most efficient and profitable way. The majority of the people are here only for the profits and not the fundamentals making Bitcoin such a powerhouse. That's why I am happy to have the option on Bitmex to use my BTC to speculate on altcoins. By the time the bull run takes off, my BTC position in altcoins will pay off big time, and all in BTC.

justspare

hero member

Activity: 1022

Merit: 538

Quote from: tonbit1239 on October 26, 2018, 07:20:15 AM

What's your insights? Is it possible?

- First Bitcoin halving happened in November 28, 2012
- Price spike to over $1k USD a year after around December 2013

- Second Bitcoin halving happened in July 9, 2016
- Price spike to over $19k USD around December 2017

-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?

I think if it is going to happen it will happen beforehand. Nothing in bitcoin world happens right at that moment, it won't be like bitcoin is $12k and the second the halving happens the price will skyrocket to $25k or something. No, it will be more like gradually increase until that moment and at the halving moment the price would already be high enough to put that into consideration.

However, I have always told people the price will be going up during this next 2 years considerably to be able to pay for the miners and their costs and it is a for sure thing. So if you want a good return on your investment than the best investment you can ever have is bitcoin. It is not easy to sell all you have and go into bitcoin for 2+ years however if you have enough money to put aside and not take a look at it for a while than bitcoin is the best investment you can do for the next 2+ years.

pooya87

legendary

Activity: 3472

Merit: 10611

i disagree. mainly because the stats you gave are not reliable not to mention wrong!
you are talking about ATH here not the highest price before the drop (bubble burst). for instance the first halving the ATH was about $16.5 and after November (the halving) this ATH was reached in January (or in 3 months) and price continued rising until April. and that was the ATH at $260 not the 2013 one at $1200.

but also i disagree because the market is very different now. gone are the day that the market was still small and the adoption happened slower. now it is much faster. and everything else such as bubble bursts and corrections and also reversals happen that much faster.

not to mention that you are basically saying bitcoin only rises because of halving and nothing else!!!

EscrowService28

member

Activity: 166

Merit: 12

“The World's 1st Waste to Green Energy DLT Project

Quote from: tonbit1239 on October 26, 2018, 07:20:15 AM

What's your insights? Is it possible?

- First Bitcoin halving happened in November 28, 2012
- Price spike to over $1k USD a year after around December 2013

- Second Bitcoin halving happened in July 9, 2016
- Price spike to over $19k USD around December 2017

-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?

I think we cannot expect a good pump for this coming year as bitcoin being hot seated by SEC. But there are rumors that, they inclined on approving the ETF application this early 2019. Maybe the third halving will occur before 2019 ends.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: mk4 on October 26, 2018, 08:38:41 AM

While definitely very possible, not because it happened it the past it doesn't automatically it will be the same in the future. What we're going to need is still, more demand. We could be already at 21 million BTC but if there's not that much demand, it's unlikely to have significant price rises.

EDIT: Saw this on r/cryptocurrency

https://www.reddit.com/r/CryptoCurrency/comments/9rk6ph/alltimehigh_will_happen_again_after_bitcoin/

I hope you're the poster on r/cryptocurrency. If not..

I would be surprised if the price doesn't go up big time as it always typically does a couple of months after the halving.

I don't believe the demand for the only decentralized, unconfiscable, immutable asset in the world isn't on a constant growing demand. The USD valuation is incredibly misleading because it's insanely manipulated. We can't really measure the demand when the ponzi fiat scheme still allows them to print money and manipulate prices with phantom futures derivatives and whatnot. But long term we know demand + supply limited in amount will make the price go up. I would be surprised to see 6 $figures a couple of months after the halving.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

While definitely very possible, not because it happened it the past it doesn't automatically it will be the same in the future. What we're going to need is still, more demand. We could be already at 21 million BTC but if there's not that much demand, it's unlikely to have significant price rises.

EDIT: Saw this on r/cryptocurrency

https://www.reddit.com/r/CryptoCurrency/comments/9rk6ph/alltimehigh_will_happen_again_after_bitcoin/

I hope you're the poster on r/cryptocurrency. If not..

tonbit1239

full member

Activity: 542

Merit: 100

What's your insights? Is it possible?

- First Bitcoin halving happened in November 28, 2012
- Price spike to over $1k USD a year after around December 2013

- Second Bitcoin halving happened in July 9, 2016
- Price spike to over $19k USD around December 2017

-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?

Topic: All-Time-High will happen again after Bitcoin Halving on 2020? - page 3. (Read 829 times)