BTC Halving about to make a major move?

casperBGD

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Quote from: royalfestus on May 10, 2020, 11:47:09 AM

Most important thing is that bitcoin has always followed the same cycle

it is not just the same, there was a little difference between first two halvings, we could not speak about third, since that one just happened

- first halving had dump after the halving, and then rose until the Mt. Gox was hacked, it was a great ride, looking on the graphs, much better in terms of percentage than this one in 2017
- second halving had dump just before the halving, and then decline after the halving of about a month, and then historic rise to the current ATH in 17 months from August 2016 till December 2018

this third that just happened had dump just before the halving, so could look like second one, we can not know that at the moment, but could be, and then we can expect a month of decline and then rise in future period due to scarce supply and hopefully increased demand for BTC, we will see, everyone should do their own analysis prior to investment

royalfestus

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Most important thing is that bitcoin has always followed the same cycle,if we could always check the cycle it help in making better decision. Most of the post-halving had followed with a dump which rose to climb the previous ATH. The difference in this cycle is the pandemic that has taking job from so many and affect the global economy. Although some news gave a 30% cash flow of the government palliative in cryptocurrency which cant be verified. With the gradual reopening of economy and vaccine production is approaching it could relax the tension around investment in cryptocurrency.

danherbias07

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I didn't even taste it well. Cheesy

Thought I am going to savor that moment but it was spilled.

It may not really happen that fast.
History says it can be 1 year or more before it will bear fruits.
But because Bitcoin is like Christmas, there will always be a surprise. So until it is packed in gift wrap, we would not know.

electronicash

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Quote from: wxxyrqa on May 10, 2020, 09:46:35 AM

In my opinion, the main disadvantage of halving is that miners lose interest in their activities, as their remuneration is halved. but since due to this event the supply of Bitcoin will decrease, and the demand of Bitcoin will remain the same, in this case, due to a shortage of coins, the price of Bitcoin will increase many times. thus, not only the owners of bitcoin, but also the miners will be pleased with the increase in the price of bitcoin, since the theoretical reward received will be appreciated higher, even if it decreases from 12.5 coins to 6.25.

not likely what would happen. miners will still mine as long as the price keep rising. the price will keep rising until it will hit its ath again and overbought. the miners who hoard i guess will win the game and if the miners had hoard since last month the more money they could have. eventually they will dump but then they will wait. the miners will continue as long as mining pays off.

wxxyrqa

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In my opinion, the main disadvantage of halving is that miners lose interest in their activities, as their remuneration is halved. but since due to this event the supply of Bitcoin will decrease, and the demand of Bitcoin will remain the same, in this case, due to a shortage of coins, the price of Bitcoin will increase many times. thus, not only the owners of bitcoin, but also the miners will be pleased with the increase in the price of bitcoin, since the theoretical reward received will be appreciated higher, even if it decreases from 12.5 coins to 6.25.

okala

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Quote from: mahilchii on May 07, 2020, 08:46:20 AM

As only five days left from now will there be a major change in price?? Speculation across this forum are very positive and now we can see the price change every day as well.

Comparing to previous month we have seen a massive change of 20% in price, will this story continue? With Halving just around the corner hopefully we will see the same increase like previous Halvings. Guys share your opinions..

I think the halving has already been computed into pricing. We only have two days to go before the next halving and bitcoin suffered heavy lose last night. I do believe that the remaining days of this month bitcoin may not do well but by next year we might see great price movements.

bitgolden

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Do not get discouraged that bitcoin dropped a bit after it peaked, be encouraged that it peaked to begin with. We are talking about higher price right now before the pandemic crash that happened.

Sure the price was over 10k this year as well, but after that 10k it dropped to 9k level, and after it was around 9k level the crash happened (around 15th of march or something) and in less than 2 months we have peaked over 9k once again, that shows how awesome bitcoin can recover and how rare it is. Look at everything else in life, everyone and everything is still in big trouble whereas bitcoin is back being better. There is literally nothing in the world that could be more profitable than bitcoin right now unless you are manufacturing masks or sanitizers.

jhonjhon

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Quote from: Jawhead999 on May 07, 2020, 09:09:52 AM

Oh man... do we really need more thread about Bitcoin Halving? Let me count how many thread have been discussed about this FOMO
....

Halving gives the interest of the people and as the event closes by the more it becomes hotter and more specs had come.

Quote from: Jawhead999 on May 07, 2020, 09:09:52 AM

Yes, that's true... But does it needed to create similar topic if we have another thread have discussed about this?

It is said that more often they created their own thread just to express their feeling/opinions rather than to participate in the discussion in a similar thread.
There is no way to stop them...In fact, some threads are already been created last year and from time to time, the more topics we've read around.

milewilda

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Quote from: mahilchii on May 07, 2020, 08:46:20 AM

As only five days left from now will there be a major change in price?? Speculation across this forum are very positive and now we can see the price change every day as well.

Comparing to previous month we have seen a massive change of 20% in price, will this story continue? With Halving just around the corner hopefully we will see the same increase like previous Halvings. Guys share your opinions..

20% swings is normal and just always remember that you shouldnt let yourself get caught in FOMO because once you get caught then you'll surely end up on holding for long term if you dont have the plan to cut loss.
Asking or talking about BTC halving effects then we cant say such thing yet its either shows some bullish movement or would just be on sideways movement, no one really knows.We're almost there and we should be
wise enough on taking actions basing on our positions but if you are a holder then i dont see for any decision to make since you can buy out on what prices since you dont care on selling it on earlier phase.

chmod755

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The moment is of caution and the investors should not buy before halving right now because there may be a devaluation of Bitcoin since large market holders would be expecting a currency appreciation to make huge sales and, with that, plummet the value of Bitcoin.

Smitty Werben Man Jensen

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Quote from: buwaytress on May 09, 2020, 08:22:49 AM

Well, a bit disappointing to see price fall back so quickly. I'm not hopeful of price going up beyond halving but I half thought that we should have seen a push farther up once the 10k barrier broke. Maybe we'll need to see 2 more tests before halving, but there's not much time left now. If the major move's coming, it's gotta be within the next 2 difficulty adjustments (3 weeks).

it's good the price of Bitcoin can go to $ 10000 and finally correction, and now it is at $ 9600, maybe the price will go back down after halving is finished, but don't worry, the price of Bitcoin is now entering the Bullish stage, the expectation of $ 30000 might be achieved in 2021 / 2022

buwaytress

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Well, a bit disappointing to see price fall back so quickly. I'm not hopeful of price going up beyond halving but I half thought that we should have seen a push farther up once the 10k barrier broke. Maybe we'll need to see 2 more tests before halving, but there's not much time left now. If the major move's coming, it's gotta be within the next 2 difficulty adjustments (3 weeks).

KnightElite

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Quote from: Paycoinzzz on May 09, 2020, 03:03:26 AM

Quote from: mahilchii on May 07, 2020, 08:46:20 AM

As only five days left from now will there be a major change in price?? Speculation across this forum are very positive and now we can see the price change every day as well.

Comparing to previous month we have seen a massive change of 20% in price, will this story continue? With Halving just around the corner hopefully we will see the same increase like previous Halvings. Guys share your opinions..

I am convinced that after halving the price of bitcoin will fall very sharply. because in the past few days only the price of bitcoin has increased, it happens because there are too many fomo people about bitcoin about halving. When people feel that prices have gone too fast and they need to adjust, they will sell off.
halving bitcoin only really affects after the event ends 2 months. So, let's buy now. Waiting for a good price of $ 7k5 or $ 8k to buy more.

It is just a speculation after all, we have different expectation after all but through understanding of the price action; we can have a glimpse about where the price of the bitcoin will go after the halving. It is good to see that the current price of bitcoin is now above $9000 per each and for me it is a sign of strength because the RSI is now above 70 which indicate a bullish sign. We should avoid doing fomo specially nowadays where there is high volatility and there is a high chance to lose big if we will not use proper risk management.

shoreno

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Quote from: Paycoinzzz on May 09, 2020, 03:03:26 AM

I am convinced that after halving the price of bitcoin will fall very sharply.

why who said that to you . i also believe on that perception before because when price rise people will sell too but i dont want it to happen either so i just forget that fact .

Quote from: Paycoinzzz on May 09, 2020, 03:03:26 AM

because in the past few days only the price of bitcoin has increased, it happens because there are too many fomo people about bitcoin about halving.

so you mean price of alts should rise too ? and that would be a sign that btc wont fall sharply ? thats normal , btc rise due to to fomo of halving but actually some altcoins rise too because some alts are dependent on btc

Quote from: Paycoinzzz on May 09, 2020, 03:03:26 AM

halving bitcoin only really affects after the event ends 2 months. So, let's buy now. Waiting for a good price of $ 7k5 or $ 8k to buy more.

i see , price hike will take a long time so why would we buy now ? 2 months still long and we can use that money first on more important stuffs .

Paycoinzzz

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Quote from: mahilchii on May 07, 2020, 08:46:20 AM

As only five days left from now will there be a major change in price?? Speculation across this forum are very positive and now we can see the price change every day as well.

Comparing to previous month we have seen a massive change of 20% in price, will this story continue? With Halving just around the corner hopefully we will see the same increase like previous Halvings. Guys share your opinions..

I am convinced that after halving the price of bitcoin will fall very sharply. because in the past few days only the price of bitcoin has increased, it happens because there are too many fomo people about bitcoin about halving. When people feel that prices have gone too fast and they need to adjust, they will sell off.
halving bitcoin only really affects after the event ends 2 months. So, let's buy now. Waiting for a good price of $ 7k5 or $ 8k to buy more.

adaseb

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Quote from: STT on May 08, 2020, 03:49:32 PM

I got to tap on the rear view mirror here, do you not see the 3k to 10k move and thats a considerable move. We'll likely digest that change in price before moving so considerably again in such a short period of time of just 8 weeks.
People demand a little too much, got to let the cart horse rest if you want progress. There is no set course but thats what I expect and how I remember 2016 roughly.

Bitcoins price was around $10K back in Febraury, and the move to $3K was mostly due to the covid19 mess. Its all connected. The China stock market started to crash in Jan 2020 when it got very bad there. Then when it started to get worse in USA, the NYSE started to crash in the middle.

Issue with bitcoin was its correleation to stocks and its high leverage due to future exchanges like Bitmex. So the decline was sudden and there were way too many overleveraged longs that opened a position in Feb 2020 because it passed $10K and they were buying due to halving pump. If they all longed on spot they would of been fine.

Most don't remember but people "wished to have longed below $10K" back in Feb 2020. So when it dropped they long on leverage and probably kept added on the breaks and dips and eventually liquidated at $3.5K.

iv4n

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Quote from: Jawhead999 on May 07, 2020, 09:09:52 AM

snip

Nice list you have here, I know that you spent some time searching for similar topics and making this post! Sadly it will not change anything, people will continue with the same behavior!
Halving is closer every hour, and believe me we will see more similar topics, not just here in economics, in all other sections of the forum. I spend some time reading them, usually it makes me smile while I read all kind of predictions, from pessimistic to highly optimistic ones. There are good comments too, and some people hit the nail in the head with some comments, like you know, or with their reviews of current events, and possible outcomes.
Anyway this is my second halving and I feel like it's a new year, you can feel excitement everywhere, from this forum to twitter and telegram, other crypto places. Casinos are offering special promotions, exchanges are trying to attract fresh blood, looks like every service trying to keep up with halving event!

STT

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I got to tap on the rear view mirror here, do you not see the 3k to 10k move and thats a considerable move. We'll likely digest that change in price before moving so considerably again in such a short period of time of just 8 weeks.
People demand a little too much, got to let the cart horse rest if you want progress. There is no set course but thats what I expect and how I remember 2016 roughly.

Febo

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Quote from: Jawhead999 on May 07, 2020, 09:09:52 AM

Oh man... do we really need more thread about Bitcoin Halving? Let me count how many thread have been discussed about this FOMO

Come on is 3 more days and then we will be free for next 3 years and a bit

But dont worry 3 days from now we will find something else. ETF, BAKKT, halving, ...

farukahmed

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Bitcoin did see an increase in price post the 2016-halving, it was not as substantial as the 2012 halving. According to experts, this happened because everyone in the community was highly anticipating the halving.The Bitcoin halving will take place sometime in May 2020.The price of bitcoin is prone to a massive drop from time to time. Bitcoin and other cryptocurrencies have witnessed more than 80% drop in their value on the market

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