Topic: Another Halving, Another ATH (Read 741 times)

Alt coins deflating I think might produce some demand for BTC as thats the most common exchange but I think it just relates in parallel to the hype in BTC itself.   2014 also had alt coins and similar ideas of starting a new blockchain and the growth would be continuous from start until it eclipsed other older ideas, especially a big part was faster confirmation time as I remember.

So its happened more then a few times now and probably also in future we'll see future developments.  I dont think attempts at innovation are a negative, it should not be the case that BTC fails for the existence of something lesser being possible even if some are confused and hold it as a negative against anything cryptography related.   Its think its said every economy naturally tries to destroy itself, its part of a process that strength is tested in order to continue to exist and something along these lines was foreseen by the original protocol team I'am fairly sure.
   Its a cycle it will repeat, in short that wont end.



Why not both, understanding through simplification is what I aspire to.   Apparently Da Vinci said the ultimate Sophistication is Simplicity.
 Imo simple is no bad thing by itself, just so long as we can accept we can never know in absolute certainty.

I relate simple to consensus which is what markets move towards in resolving price action over time vs volume of sales.

The ico craze that happened back then was complete madness, back then people still thought that a new coin will surpass bitcoin and they all thought their own coin was the one that was right for the job, people fell for that and invested a fortune in coins that were not worth anything only to lose it all.

I really think the ico craze was responsible for the crash we saw in bitcoin and that it delayed the path towards global adoption at least for a few years, and even if the interest in altcoins was high once again during this bull run it was nowhere near to what we saw back in the day of icos.

That's the unique thing about bitcoin, which when we can take advantage of the opportunities that exist, of course it will give us an advantage, a fluid price movement up bitcoin can of course provide benefits for the holders, but when the price goes down, will we lose? I don't think so, because with a decrease in price, of course we can buy back bitcoin at a cheap price and from the experience that when the price of bitcoin has decreased, it certainly won't take long for bitcoin to move up and it will most likely break the record high price again and of course positive market sentiment factors and supply demand are the main drivers of rising bitcoin prices.

The increase in bitcoin price didn't happen after ICO was a big craze, ICO craze happened because bitcoin price was higher. Bitcoin became so popular back in 2017 that people got into it and I mean a lot, we reached 20k for the first time but it was also the first time ever we broke over 5k as well, think about it, we broke ATH by 5k and then 4x did that in a single month, it was a crazy period and everyone was getting involved.

After a certain while people realized bitcoin couldn't go up even more, they couldn't make 10x profit from it, they could maybe 2x at the very best but why push it so hard for that? Meanwhile altcoins were going up like 5x or 10x crazy and there was one coin that skyrocketed each week, eventually people got bored out of that as well and started to put their profits into crazy ICO that turns out to be scams most of the time but could make them rich if they get in early. Resembles anything? It is literally what is going on today, except it is not ICO but it is DeFi.

I see the increase in the price of bitcoin is nothing more than the spinning of the wheel where when the price is very high, it will spin down in a very fast time, although not too long it will go up again. on the side can be considered an opportunity where the wheels drop down, can be bought in sufficient quantities.

Halving has a positive impact on the market and prices turn Bullish and it usually happens almost a year after halving. That is why many investors come to crypto during halving as they are thinking about easy profit next to this. I don't mind who is supporting with the pump but I was sure the market skyrocketed after that, and mostly it happens that prices cross high on the previous ATH. Might we are thinking of the same scenario this coming halving and many were preparing for that.

It's happening again now because looks like Bitcoin is dropping little by little each day and this sounds like what happened after the 2017 Bump.
The thing is that Bullrun seemingly gone away now?

Well, I just realized that some bitcoin halvings, always have a boost for each increase. like, in 2016, the bitcoin halving happened, but the rise in bitcoin price also coincided with the popularity of ICOs, and it pushed bitcoin and altcoins to reach the new ATH. whereas this year, the new ATH was supported by halving as well as Tesla and made bitcoin and many altcoins reach the new ATH. however, if the halving occurs again in the future, and there is great support from investors, then ATH could just be achieved. however, it all depends on the conditions.

Let's talk about other ATH when the bull run is over, currently, the market is still bullish so we can still expect that anytime the price will pump and BTC will again break its current ATH. This year's bull run, it started with the halving and it was really true that we will see a bull run, it's just that this time its bigger as people are looking for a good investment since the economy is struggling due to the pandemic.

Enjoy the profit, while the bull run last, my only wish is we have a long bull run because we've had a very long bear trend, eventually bear trend will come but whatever profit we've lost in the last bear trend we can regain it and prepare for the coming bear trend, the halving have done a lot of great things and this last halving so far is the best.

I think it has to fall back a bit more before new highs, usually thats what happens.  The price rises turn sideways then down some until its left at a longer term price level that is exhausted further offers before once again starting to accumulate around progressive gains in revenue and the protocol changing its block reward.   Seems the full cycle is what allows for such a rise, cant just skip one stage that easily.

Ethereum price is already above $4,000 now. Sure, it hits a new ATH, but not so surprising because we are still in altcoin season.
Well, it is true that another halving, means we have another ATH. Not only for Ethereum, but other altcoins also get their new ATH. At least, this already happened on the last few halvings. Let's see what will happen in the next halving, whether we also can have another new ATH or not. We don't know exactly, but likely to have the same scheme.

Well i also see the huge increase of some altcoin this days, i believe that this is beause of the bull run. It has really no big difference from the past bull run that happens in 2017 the only difference there is the price of bitcoin and eth it is now almost 3 times high from the ATH of the last bull run After this bull run huge dip may happen, and maybe in the next few years after that dip another bull run with another ATH may happen again in again, this was really exciting and i always wait and prepair for the next halving for good.

I agree that the halving that happened in 2020 is the halving with the best effect compared to the halving that happened before. So I can't imagine
how the effect of the halving that will happen in 2024, should be even better. In fact, almost all the coins I hold now reach the new ATH, this is
a really great effect, and I believe the effects of the 2020 halving can last longer, it looks like until the end of this year the effects of the halving
will still be felt. Regarding Dogecoin, the increase was not only affected by the Bitcoin halving,  but Dogecoin did indeed increase its price drastically
due to Elon Musk's support. So my advice is to be careful for those who want to invest in Dogecoin.

Because when people try to understand the markets they try to simplify them so they can achieve this goal, the problem with this is that they generate an oversimplification of what the markets can do thinking it has to follow some kind of secret rules and somehow they can use this knowledge to trade the markets and get profits.

But anyone that has made an effort to learn more about the markets knows the truth, the past is useful as a reference but it is never going to be enough to predict what will actually happen as the circumstances of the market are always changing, for example this bull run is completely different than the previous one because now we have institutional investors, we have a lot more people invested in bitcoin and it happened after the worst pandemic on the last 100 years, something that did not happened during the previous bull run.

It's the best halving effect so far, I can't imagine how good the coming halvings are but I have not seen the full effect of the halving until we finish this year, some of the altcoins have reached and break their all-time high, and Dogecoin is hitting big time right now and it's unexpected, after the last halving we have seen a lot of surprise and we will see more throughout the year.

Agree with another halving is another ATH. But maybe my concern is my hope about bitcoin to be stable and altcoin can be increased for now. Because with that people will be more active to trading and maybe can attract others to adopt bitcoin too. When that happens, maybe we can get more bonus with bitcoin price that more increased and steadily reach new ATH before halving.

The rally in ETH is because of the hype behind the ETH 2.0 upgrade and for a long time their plans were not going according to their plans but now they have a path to the next upgrade and everyone is expecting that the issues with the network will be sorted and so is the reason the price is rallying right now and if those situations are not sorted then we will see a major correction in ETH.

In terms of overall market situation the bull run is still going strong and until the bear market is dominated we will see these kind of range bound trading.

The market first showing huge drops before it spike and hit a new ATH again. Coz every time we saw halving, everyone is preparing themselves filling up their bag with coins in preparation for the Bullrun. People aren't wrong with this and that is why they are taking advantage when the market turns down. But with the current market situation, I really don't know when the bearish will start. Or, are we still having this momentum until the next halving? That is something we need to find out or have no chance we see the market in a bearish situation...

If the psychology of the Bitcoin market doesn't change then  it is highly possible that new ATH will be achieve on the next halving.  I still believe that there is still lots to grow on Bitcoin market.  The world is not yet saturated and if ever it saturates the world, imagine every single person in a family own BTC, then we can see an exponential increase of how much Bitcoin is today.  The halving brings new hype and exposure to Bitcoin thus more investors to join the trend will surely hop in.