Topic: Can bitcoin halving make cryptocurrencies reach all time high again? - page 7. (Read 2314 times)

I also have doubts if bitcoin can really make $100k price because, if its continuesly converted to other form of currency for example fiat. Would that make bitcoin extinct ? and will be unable to go further and become adopted.
Also how can we reach the $100k price ? there should be atleast $10 trillion approximate money coming in, if it were to reach new ATH.
Cause right now it seems bitcoin is struggling to get adopted and Institutional investors doesn't want it and crypto investors are pouring there money in alts.

one of the  reasons are

Bitmain
Canaan
Innosilicon
MicroBT
eBang


are have a vested interest it pushing coin price up to sell their gear.  At the current price of 9200  none of those companies will be selling a lot of gear once the

3x ½ ings  all hit  BTC, BSV, BCH

But  if all those coins rise at least 50 to 60%  those companies can sell some gear.

So I see the price of coin being driven upwards some time in the next six months.  Or some of those companies will go by by.

The block reward halving has had positive long term effects on the price of bitcoin. There are many theories as to why this happens but the simplest reason is supply and demand.
When fewer bitcoins are being generated, this increased scarcity makes them more valuable.

just wait for another mass world media shill. and the price will follow

Unfortunately, it probably will lead to a global rally for all cryptocurrencies not just Bitcoin.

I personally don't think that Bitcoin should gain value in this way because it's not genuine growth.

Forcing value appreciation simply because of an even like this is a cop out really, and it will never be stable, hence why Bitcoin sees such crazy volatility.

Hopefully we see a slow and steady growth this time, so that it can be sustained rather than crash and dip periodically.

No, it will take more than bitcoin reward halving to set the entire crypto market over a bull run. Definitely $BTC will see a surge in price together with $ETH as it plans to launch its Proof of Stake network by the end of July. Other cryptocurrencies would also rise in price but this would be of working projects with good use cases and liquidity as well.

You really make me laugh brother. I have no idea where did you get those point. It's true that assuming BTC prince in any situation is tough. But halving is hoping moment for investor, trader and holders. And if you see past halving result you can understand why this halving important for every crypto currency. Here some discuss about BTC price during halving which may give you some idea about it.

Your other points are pretty laughable but this one should get an award for the dumbest explanation of why BTC is not going to reach new highs

In short, for those who don't want to read the quoted part:
He thinks that halving will make mining unprofitable and miners will mine faketoshi's scamcoin instead, just because of lower hashrate and bigger blocks.

Blocks and difficulty means nothing if the coin is barely worth anything and you can't earn a lot from transaction fees if there are almost no transactions.

I can see all miners switching to a centralized shitcoin owned in 70% by Calvin when the value of newly mined Bitcoins doubles...  You'd have to be a moron to do it.

Of course, if I have much spare money this time I would definitely invest further because I do believe that btc will skyrocket again like what it did on 2017. It's fine with me if it is not on this year's bitcoin halving, I'm not bothered at all I'm willing to wait because I know profits are worth waiting for .

In my opinion, we're still far from reaching ATH. I canfeel that the next bitcoin halving will bring greater improvements on the chart however wishing for it to  hit $20k is too much I guess .

Predicting the future cost of the BTC is very difficult friend, this is very volatile, now it can be in 7k and tomorrow in 12k, as well as lowering to 4k in a few hours, although having a high price of the BTC is good to sell, you must also take advantage of buying when the price is low.

It has a tendency for the market price of Bitcoin to break new records but I am not certain whether same thing would happen for the price of other cryptos. If we would analyze, the moment where Bitcoin have reached its all time high before, same thing happened with the price of Ethereum and other altcoins. What makes this uncertain is that, there's no proof that their market value is aligned with one another, it could be a coincidence or for the fact that what happened influenced the demand towards other cryptos before.

Also, halving is directly towards Bitcoin so the outcome could be different from what happened before which is a bit exciting to know and stressing knowing that there are people who invested to other cryptos due to the anticipated price increase in Bitcoin that could again influence the price of other cryptos.

That is, in 2017 bitcoin could reach $ 20,000 because investing in ICO was very popular because of the sizeable returns and short sales so many people invested all of their money there and some other factors might be because of that the price of bitcoin could go up by $ 20,000.

Well, in recent years there have been many failures in the project, many dead coins, which have been on the bear market, continue to occur scamer where we only rely on halving, is it possible that it could redeem again to $ 20,000?

the price may reach $20,000, but we cannot think that in 2017 the price reached $20,000 because of halving. In my opinion in 2017 the price reached $20,000 because of the division between bitcoin and bitcoin cash, many people wanted to have free coins with the division process. ICOs were excellent investments that yielded returns of more than 10x and then there was the announcement of the entry of the Futures in which most people thought that with the inflow of institutional money the price would rise on the moon. With halving the price will increase after a few months, maybe after December we will see the big price increase in my opinion

To my opinion expectations from halving are too high.
Yes, it will bring some positive movements in the market and probably some price rise but more on a short term basis and not in so high range, don't expect that price will reach 20000$ again just because of halving. Anyway, it's hard to estimate what exactly is going to happen but some users with high expectations might end up disappointed.

I believe the scarcity of Bitcoin is one of the reasons people are mining BTC.

If the halving wouldn't result in the ATH of Bitcoin, miners would have no more interest in mining BTC anymore imo, unless they voluntarily want to sustain the network. But considering the electricity costs, I don't think they would voluntarily do it either.

Hence, I strongly believe ATH will have to hit soon or many will lose interest.. and it will happen because it's gonna take 2x longer to earn the same amount of BTC you earn today through mining.

It is possible,

Like @avikz said, as our previous experience in the past two halving, it has a positive effect on the price of bitcoin. It increases after the halving, and then we see that it reached its new ATH.

This scenario might happen again if the history will repeat itself. But then again, we can only think of the possibilities but there is no guarantee that this is really what will happen after halving.

It's a matter of speculation. But if you look at the past two halving incidents, we have seen increases in bitcoin's pricing before and after the halving. So it's realistic for us to speculate the same this time as well. But that's the best thing we can do - speculate! No one really knows what's going to happen in reality!

@Kuffy - I don't really think so! The current market pricing is well within the limit and halving has not yet been factored in. 9.5 grand is a realistic pricing for bitcoin!

I believe that the halving has already been factored into the price. There are other things that will push the price of Bitcoin to a new all time high.

I think there is a possibility that it could make it reach the BTC's ATH.
But it seem's really low we still have more than 2 months before the halving and the price is still at $9K.
It would be hard to jump that high in a short period since people are more cautious on buying when there is an instant price increase.

There are times I will sit down and think about bitcoin halving and when cryptocurrencies  will reach new all time high. The last time it happened was in 2017 for strong cryptocurrencies like bitcoin.

There are only 21 million btc to be mined. And, only  18,236,512 btc has been mined. Only 2,763,488 btc remaining.

I am just thinking that with the little remaining bitcoin, can the effect make the price of cryptocurrencies  to reach new all time high. It sounds impossible to me but I know that the price will increase but may not reach new all time high.

So, something not seen yet can be the reason why cryptocurrencies  can reach new all time high such as people anticipation. Like I am anticipating, I have invest in 0.4 btc. Some people will also do as I did.

The second thing that can cause it is the increase in the price. Some people that know how to analyze crypto market will still see that the price will increase and therefore invest and make the price to continue to increase.

The third thing I believe can make the price to increase are fomo people. They will see everyone investing and they will also invest for not to miss the great benefit.

This is what I think about cryptocurrencies  this year and next year because this process will extend to next year as I analyzed it. You people can also make contributions to know if we should invest more on cryptocurrencies  this year.