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Topic: Could Bitcoin's Price dump to Halving? - page 2. (Read 453 times)

hero member
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July 23, 2023, 07:46:19 AM
#39
The price of Bitcoin could decrease or get selling pressure before or after the halving because that could happen. And while there were no halvings, we also see the same thing happen to Bitcoin. But once that decline occurs, including a deep drop in the price of Bitcoin, the price will inevitably bounce back up, which could provide an opportunity for the price of Bitcoin to surpass its next high.

But I'm not worried if the price goes down again because Bitcoin price will reach another high and far surpass its last high. And if the Bitcoin price from today's halving tomorrow doesn't move higher, I will make sure to keep buying because at or below $35k is a good price to buy Bitcoin.

So prepare yourself if the price of Bitcoin decreases again just before the halving. And don't panic if you see negative news released ahead of the halving but use the moment to buy more Bitcoin before the moment is gone.
sr. member
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July 22, 2023, 11:53:49 PM
#38
I think, this is the moment that crypto lovers have been waiting for, especially long-term investors. Because this is considered the main driving force because it is able to improve market conditions in the crypto asset market. For price dumps, I think the possibility is small and just the usual fluctuations that are usually done by speculators who play short term. If we look at historical data after the halving day of 2016, Bitcoin reached a new all-time high (ATH) in December 2017, with a price reaching around US$20,000. Continuing on a halving day of 2020, Bitcoin reached a new ATH in April 2021, at a price of around US$ 64,000. This value increased by more than 200% from the previous ATH. Yes. very little possibility BTC Price dump when Halving.
hero member
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July 22, 2023, 11:00:44 PM
#37
Regarding last halving edition, Bitcoin price drop slowly after halving time but for next time halving bitcoin will dump or not depend on supply and demand. Current Bitcoin condition right now seems different with last four year halving time, many people interested and know more with bitcoin than last halving still have many people not understand yet how bitcoin as investment working. Still remember when bitcoin dropping to $15k after few years from halving and external factor from bad news publishing by SEC possibility next halving bitcoin will drop.

Optimistic, after halving without bad news Bitcoin possibility stable on higher price but depend on investor are panic moment or not usually they will sell bitcoin fund after halving moment.
legendary
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July 22, 2023, 10:08:44 PM
#36
All options are available, but it is not inevitable that we are at a distance from the prices of 30k as it represents the theoretical bottom of Bitcoin, which is expected to remain at it for a long time.
The worst thing that could happen is that we are near the levels of $15,000, which is currently unexpected.

The display of images made by PlanB on their Twitter account @100trillionUSD is also interesting to note because there are several assessment models raised such as assessments based on time, S2F-ratio, utxo, and difficulty.

I was a fan of this model, but it has become inaccurate or invalid now, the predictions it makes are based on the first years of Bitcoin's development, which will inevitably be faster than the later years, so the values will be very extreme.
legendary
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July 22, 2023, 05:18:47 PM
#35
But we must be sure that we also have back up fund outside crypto so that it will be the one that we will use first when we urgently need a money and not our cryptos, as I can see that there are many people who fail with it. It makes them to become unsuccessful with their long-term plans.

If we are not busy outside and we can be able to monitor the charts, it's indeed that DCA is one of the best method to use when investing but if you are the opposite of it, you can just buy at bulk. You use your sig campaign earnings as addition. That's great. Even a small amount of BTC if kept or stack could still grow huge after a long time. So we shouldn't under-estimate it.
Reserve funds outside of crypto are certainly needed, it will be a savior when there is no more money to buy when the price really crashes.
This will support a good long-term plan and will be more and more profitable when the price starts to rise.

I collect some of my income from the signature campaign to continue to accumulate the amount of my bitcoin assets, so that it will be more and more and good for the long term. Accumulating within one year is already quite a lot and of course, it is necessary to be patient.
hero member
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July 22, 2023, 04:56:01 PM
#34
This is very positive news for long-term holders, and from this point of view it propose that Bitcoin prices should not be dumped until the next halving event. This is because miners receive mining rewards which creates selling pressure on the price of BTC in the market.
You can not be able to accurately predict bitcoin price in short period of time and in the time that the prediction may not be accurate which are times like this. To know if bitcoin price will increase more and not go below $20000 again before halving will be hard to predict. Even going to $25000 still means dumping price and a bear market. But it is good for anyone that buys bitcoin to never sell because the days of having is getting near and people will buy bitcoin and a significant bull run will later begin.
I tend to agree with one thing that selling bitcoin at whatever time aside from all-time high is as good as losing your bitcoin this is so because since we can't predict the future price of bitcoin,  it then means any action we take at whatever time reflect the urgency of the matter and how we place ourselves at high risk for losing our Bitcoin holding.

We are less than 12 months away from the 2024 bitcoin halving which is a most anticipated event that will lead to an increase in the value of Bitcoin,  so selling off at this stage and at whatever price is considered a loss for the investor since holding has become the ultimate.
sr. member
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July 22, 2023, 04:48:09 PM
#33
Looking only towards Bitcoin's price won't help alone because USD is now taking turns on various currencies and accordingly, it'll also affect the crypto space now. However, Bitcoin definitely has a chance to boost in price and go against all the so-called great USD positive news only when the BlackRock ETF gets approved exactly when we are so near halving. Then there's no point in seeing USD but BTC will rock by any means.
That’s could be the turning point though there’s still a chance for the rejections buy i think we already had a long bear market and that’s enough for a price dump. The halving is near, though usually the price pump after months of halving so expect less for now and just be patient until next year, Bitcoin will surely create a momentum that can fit the whole market by next year, bull run will happen in time.
hero member
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July 22, 2023, 04:07:12 PM
#32
Looking at the market it is still on the right track on Bitcoin Halving I don't see any factors that could affect the market price of the Bitcoin halving event yet, For sure there are times where on Bitcoin halving the price of Bitcoin doesnt have a big movement since most of the investors are already buy-in if you look at the Bitcoin halving timelines we see that there are some kind of delay on the pump of Bitcoin every time the Bitcoin halving event happened. And it might be possible since investors might expect to profit so they end up selling on the market at that day, but most of the time the price is going to skyrocket 365 days after the halving so there are some sort of delay on the pump.

I don't see Bitcoin dumping a big percentage after the halving most of the investors are aiming for the Bullrun and probably going to sell when the all-time high is reached or surpassed. So they might be some kind of drop but it wouldn't be a big market and will easily recover like in the past Bitcoin halving.

I agree with you that Bitcoin will rebound easily if what you say comes true. But I have no idea how the price will be determined before or after the halving. The general consensus is that the price will go up just before or just after the halving, but I can't decide.

We should try to buy as much bitcoin as we can. Bitcoin may reach its target value at the times you say or at other predicted times. Until then, we should continue to hold Bitcoin and watch the market.

We still have like 5 months to go before the end of the year, and I do agree, we are still on track, we are somewhat in the boundaries of $30k'ish and in the next several months, I think we can hit $40k-$50k before the halving.

So instead of seeing a dump, I think wise investors are going to continue to buy at a high rate because the price is still very cheap. And that's where people become millionaires, they bought bitcoin on bear market, (technically we are still in the bear market), and then simply hold.
full member
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July 22, 2023, 03:39:24 PM
#31
Looking at the market it is still on the right track on Bitcoin Halving I don't see any factors that could affect the market price of the Bitcoin halving event yet, For sure there are times where on Bitcoin halving the price of Bitcoin doesnt have a big movement since most of the investors are already buy-in if you look at the Bitcoin halving timelines we see that there are some kind of delay on the pump of Bitcoin every time the Bitcoin halving event happened. And it might be possible since investors might expect to profit so they end up selling on the market at that day, but most of the time the price is going to skyrocket 365 days after the halving so there are some sort of delay on the pump.

I don't see Bitcoin dumping a big percentage after the halving most of the investors are aiming for the Bullrun and probably going to sell when the all-time high is reached or surpassed. So they might be some kind of drop but it wouldn't be a big market and will easily recover like in the past Bitcoin halving.

I agree with you that Bitcoin will rebound easily if what you say comes true. But I have no idea how the price will be determined before or after the halving. The general consensus is that the price will go up just before or just after the halving, but I can't decide.

We should try to buy as much bitcoin as we can. Bitcoin may reach its target value at the times you say or at other predicted times. Until then, we should continue to hold Bitcoin and watch the market.
legendary
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July 20, 2023, 04:20:20 PM
#30
Looking only towards Bitcoin's price won't help alone because USD is now taking turns on various currencies and accordingly, it'll also affect the crypto space now. However, Bitcoin definitely has a chance to boost in price and go against all the so-called great USD positive news only when the BlackRock ETF gets approved exactly when we are so near halving. Then there's no point in seeing USD but BTC will rock by any means.

A bitcoin ETF would be big news allowing its price to soar. Plus the impending bitcoin halving could also push the price higher as it has in previous cycles, but of course the bitcoin price can never stabilize so we shouldn't discount a potential correction. It's fine about corrections as they are a normal part of fluctuating assets like bitcoin, but traders just need to adjust their strategy in order to maximize profits.

It would be expected that the demand for bitcoin will increase even more if the bitcoin ETF is approved, but normally the price will probably be higher due to halvings and other factors. I tend to believe a happy end to the year for all holders, but at the moment sideways are unavoidable.
sr. member
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July 20, 2023, 04:07:42 PM
#29
Many people are confident and expect the closer the halving, the stronger the market will recover, and that is why most recent predictions are very optimistic that bitcoin will continue to rise until the end of the year. But I have the opposite view, and I am still waiting for a big dumping to happen for one last shopping before we welcome the halving. I still believe that history in 2020 will repeat itself, I mean, there will be dumping that will bring bitcoin down to $20k again.
I also think like you said, that in order to achieve an increase in the halving era, usually there will always be a correction where this gives bitcoin the ability to move up. this year there won't be a significant increase because the world economic situation hasn't fully recovered yet, but I believe that if there is a correction it won't be below $20K. this is certainly an opportunity to continue to buy and hold until the halving era comes in the near future.
legendary
Activity: 3052
Merit: 1273
July 20, 2023, 12:58:50 PM
#28
Looking only towards Bitcoin's price won't help alone because USD is now taking turns on various currencies and accordingly, it'll also affect the crypto space now. However, Bitcoin definitely has a chance to boost in price and go against all the so-called great USD positive news only when the BlackRock ETF gets approved exactly when we are so near halving. Then there's no point in seeing USD but BTC will rock by any means.
hero member
Activity: 2562
Merit: 586
July 20, 2023, 12:20:12 PM
#27
-snip-
But what's wrong with staying on guard by having a budget in reserve?
You can buy with DCA - that's only you do if the bitcoin price dumps ahead of the halving. The ultimate goal is to get returns - so collect as much as you can and maximize the chance.
Well, that's what needs to be done, always be aware of everything that happens and have a backup budget.
The reserve budget will be very necessary when the price is unstable and starts to fall.

DCA is one of the strategies that I also use to continue to increase my bitcoin assets and this will be very good for the long term.
Even some of the fees from signature campaigns I collect for the long term.

If before the halving the price will drop dramatically, of course, it is a good opportunity to continue collecting Bitcoin.
Remember that there will be no continuous decline, moreover Halving is a 4-year cycle that makes the price of Bitcoin reached a new ATH.
We must be prepared with the Bitcoin that we hold. The new ATH will be reached soon and it will be a great return.
But we must be sure that we also have back up fund outside crypto so that it will be the one that we will use first when we urgently need a money and not our cryptos, as I can see that there are many people who fail with it. It makes them to become unsuccessful with their long-term plans.

If we are not busy outside and we can be able to monitor the charts, it's indeed that DCA is one of the best method to use when investing but if you are the opposite of it, you can just buy at bulk. You use your sig campaign earnings as addition. That's great. Even a small amount of BTC if kept or stack could still grow huge after a long time. So we shouldn't under-estimate it.
legendary
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July 16, 2023, 05:39:43 PM
#26
-snip-
But what's wrong with staying on guard by having a budget in reserve?
You can buy with DCA - that's only you do if the bitcoin price dumps ahead of the halving. The ultimate goal is to get returns - so collect as much as you can and maximize the chance.
Well, that's what needs to be done, always be aware of everything that happens and have a backup budget.
The reserve budget will be very necessary when the price is unstable and starts to fall.

DCA is one of the strategies that I also use to continue to increase my bitcoin assets and this will be very good for the long term.
Even some of the fees from signature campaigns I collect for the long term.

If before the halving the price will drop dramatically, of course, it is a good opportunity to continue collecting Bitcoin.
Remember that there will be no continuous decline, moreover Halving is a 4-year cycle that makes the price of Bitcoin reached a new ATH.
We must be prepared with the Bitcoin that we hold. The new ATH will be reached soon and it will be a great return.
hero member
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July 16, 2023, 05:02:57 PM
#25
Hi, all community:
I think To analyze the long-term outlook of BTC this glass node chart is quite interesting. We can observe whether Bitcoin price might experience a dump leading up to the halving event or not.


https://twitter.com/glassnode/status/1675842010261979137?t=SabfX80yr5HyODx0t1b9tw&s=19

In the last 600 days, I think there has been a gain of 1.4 million Bitcoin among long-term holders according to the graphic showing their position. The total supply of BTC in the market is 19 million something. The green highlights on the chart indicate that there are 14 million BTC held by long-term holders while 4 million BTC is though analyzed lost. Lost means that when these 4 million BTC were transferred to their respective wallets, they remained untouched. So, there are 1 to 2 million BTC available for trading.

This is very positive news for long-term holders, and from this point of view, it proposes that Bitcoin prices should not be dumped until the next halving event. This is because miners receive mining rewards which create selling pressure on the price of BTC in the market.
I could recall vividly from the previous halving that Bitcoin experienced a dump in the price post halving and that was a result of the coronavirus pandemic that lead to a lockdown in March 2020 where the whole market got crashed and not only Bitcoin suffered.
So coming to discuss the year 2024 halving, still not certain about what event year 2024 may bring, but if everything is fine, I see no reason why Bitcoin should dump pre or post-Bitcoin halving event.


hero member
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July 16, 2023, 04:02:59 PM
#24
Everytime the market experience downfall there'll be some kind of fud, panic waves and fake news circulating around. When it comes to halving, it is much about the cyclic movement than the reactive move in the market. For this reason the price always tries to reach the ath for the season after a bearish movement in the market. This is the right time to make an entry to experience the best of the halving, hut majority get into fear when such scenario happens close around the days of halving.
Nothing new and its always been like this because this market is always been that random or totally unpredictable since in the first place.Im still boggled on why there are still people who are really that

getting surprised basing up on the movement that we do have in the market today or until this very moment? We arent that blind that lots of news and fundamentals on which it could really be able to affect out the price condition on which no matter what analysis and approach you would be having, it wont really be that an assurance that it would be precisely be able to predict on whats ahead.
legendary
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July 15, 2023, 06:25:20 PM
#23
Everytime the market experience downfall there'll be some kind of fud, panic waves and fake news circulating around. When it comes to halving, it is much about the cyclic movement than the reactive move in the market. For this reason the price always tries to reach the ath for the season after a bearish movement in the market. This is the right time to make an entry to experience the best of the halving, hut majority get into fear when such scenario happens close around the days of halving.
legendary
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July 15, 2023, 06:18:41 PM
#22
There's always a reason behind the dump in the bitcoin price - even if it's due to the manipulation of whales.
Not a single certainty that can be said other than you have to be wise enough with your own investment decisions. If you believe bitcoin won't dump ahead of the halving - then you should stick to that belief.

But what's wrong with staying on guard by having a budget in reserve?
You can buy with DCA - that's only you do if the bitcoin price dumps ahead of the halving. The ultimate goal is to get returns - so collect as much as you can and maximize the chance.
sr. member
Activity: 1820
Merit: 436
July 15, 2023, 06:00:22 PM
#21
Looking at the market it is still on the right track on Bitcoin Halving I don't see any factors that could affect the market price of the Bitcoin halving event yet, For sure there are times where on Bitcoin halving the price of Bitcoin doesnt have a big movement since most of the investors are already buy-in if you look at the Bitcoin halving timelines we see that there are some kind of delay on the pump of Bitcoin every time the Bitcoin halving event happened. And it might be possible since investors might expect to profit so they end up selling on the market at that day, but most of the time the price is going to skyrocket 365 days after the halving so there are some sort of delay on the pump.

I don't see Bitcoin dumping a big percentage after the halving most of the investors are aiming for the Bullrun and probably going to sell when the all-time high is reached or surpassed. So they might be some kind of drop but it wouldn't be a big market and will easily recover like in the past Bitcoin halving.
legendary
Activity: 3038
Merit: 2162
July 15, 2023, 05:42:03 PM
#20
This is very positive news for long-term holders, and from this point of view it propose that Bitcoin prices should not be dumped until the next halving event. This is because miners receive mining rewards which creates selling pressure on the price of BTC in the market.

I don't see were this conclusion comes from. The price is formed by supply and demand. If the demand will become extremely low, Bitcoin could be dumped by selling even a million BTC or less. And those long term holders will be holding empty bags. This is of course an extreme scenario that I brought up only for illustrative purposes.

But you should always remember about the demand, instead of looking only at supply. Supply is not known perfectly, because we don't know what Bitcoin holders plan to do, but at least we can get some info from on-chain activity. But demand is completely unknown to us.
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