A price has to be useful to buyer, sellers and users of that commodity. The market is larger then one section of it and the benefit to society is greater still and enough to extinguish products that have no use beyond speculation, we might want 90k to occur but we arent the most important part of the puzzle and thats why generally these things shouldn't happen without a force pushing us towards that event.
90k in just a few months is a failure. I'm not anti BTC, but that amount of price alteration relates inaccuracy and the market failing to predict properly the correct price. If we fell 90k to 10k it would be the equal to that event, thats how it should be viewed. Every movement must be in balance to the opposite view and we got to have reasons for things to occur or its just nonsense and all the people who say BTC is false, a fraud and trickery will be proved right.
They arent correct, we get lots of price moves both down and up because this is a live market and so 90k is beyond reason imo
Topic: Halving Bitcoin price skyrocketed to $ 90,000. why not? (Read 590 times)
Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
That is a real possibility if the miners are not able to get the benefit then they will be selling off the hardware if they are any buyers, if the hardcore mining farms are not able to earn a profit then who will be purchasing those junk hardware is the biggest question 
. But that can be a hypothetical situation but that still does not force them to sell of their coins all at once as they too can hedge for the future. As for the crazy rally prediction, i am not buying those as it is not a realistic price considering the scaling shortcomings we have.As you wrote, there can be several different scenarios. The capitulation of miners is one of many possibilities. However, I have seen in the past very strange behavior of the Bitcoin price and at the beginning of 2017 I did not believe that in a year it would reach $3000 .. at the end it turned out that the price jumped to $20k. After this experience, I don't laugh of $90k, but I think it's too early for such a price to be achieved ... maybe in a few years.
There are many factors contributing to the price of Bitcoin, but you can't just say that halving the reward will double the mining costs as well. Even if that were true it would point us to about $15k-$20k at the current mining costs. But again some miners could drop out from the grid, some will add more equipment. Maybe Bitmain releases more efficient rigs. It is quite hard to quantify the cost of mining 1 BTC if you're not an actual operator.
Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.
Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.
Exactly, mining cost may have an effect on the price but it isn’t the only factor that can affect bitcoin’s price. Mining can be very difficult nowadays as it is almost it’s limits and also technologies are advancing and new equipments for mining may require more energy that it is now which can be a factor that miners will drop out. However, regardless of what factor it is I don’t think the upcoming halving will skyrocket to $90,000 in a span of 2-3 months, I think if the halving will have a positive effect then it may give as a price between $15,000-$20,000.
I have hard so many good news about this time halving and hope it will come out as many of you has predicted and speculated? I have decided to hold on sell since ending of last year with the hope of selling high when bitcoin started appreciating because of the halving.
yes, you should hold your current assets, and use it as wisely as possible. however, the effect of halving was already seen when last January. however, the development of bitcoin prices since then has been nearly $ 2000. It seems to be even higher after halving. Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
That is a real possibility if the miners are not able to get the benefit then they will be selling off the hardware if they are any buyers, if the hardcore mining farms are not able to earn a profit then who will be purchasing those junk hardware is the biggest question . But that can be a hypothetical situation but that still does not force them to sell of their coins all at once as they too can hedge for the future. As for the crazy rally prediction, i am not buying those as it is not a realistic price considering the scaling shortcomings we have. 
Simple reason; not enough money into bitcoin. People think that x9 increase at 1000 to 9000 is literally the same as x9 increase from $10k to $90k. It is not even remotely close. In order to increase the price all that much you need BILLIONS of dollars more than you needed when you went from $1k to $9k.
It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.
People do really sucks bigtime on making calculations without even trying to recognize on how much money would be needed for us to reach up that state or pump.It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.
It do needs billions before reaching those numbers and people should at least try to look wayback on how long we've been staying on low levels before reaching out 10k price.
How much more on 90k? People should be at least be realistic on some sort.
Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
The whole idea is that mining SHOULD become expensive. This is exactly where bitcoins value is generated.
Miners will hold on to coins until they have profit. But yes some miners will stop because they can't invest in better gear.
If they would dump it on the market it will temporarily dump the price but due to scarcity it will eventually go up WAY WAY higher.
Only if there is NO market for bitcoin will it plummet to death... Bitcoin (and crypto) is still thriving....
My estimate is $50k - $70k.
Maybe a shortlived peak to heights like $120k before going over the edge into full blown bear market again.
This is one of the scenarios. I am not saying that it is impossible. I'm just saying it's possible that miners will sell accumulated Bitcoins and the increases don't have to be as big as they used to be. At the moment, the price is close to $10k, so ATH should be achieved with ease. However, I think the possibility of bull run x10 is 50/50
Simple reason; not enough money into bitcoin. People think that x9 increase at 1000 to 9000 is literally the same as x9 increase from $10k to $90k. It is not even remotely close. In order to increase the price all that much you need BILLIONS of dollars more than you needed when you went from $1k to $9k.
It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.
It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.
I have hard so many good news about this time halving and hope it will come out as many of you has predicted and speculated? I have decided to hold on sell since ending of last year with the hope of selling high when bitcoin started appreciating because of the halving.
It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
high confidence in the development of prices that occur makes people think not realistically. however, I feel that the price of bitcoin will most likely only approach the price of $ 20,000 this year. but, in 2021, the price of bitcoin could be even higher, it might reach a new ATH, but I don't feel that the price could reach $ 90000. We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.
True it won't happen this year.
My $50k - $70k prediction is for august next year.
The ATH has traditionally been 1/3rd in a period measured from the halving.
A period is about 4 years so in about 14-18 months from the halving, the ATH will be expected.
I will not say it won't happen this year but I will say I will not expect it, I am bullish with bitcoin this year and I am seeing we are bound for a new ATH but it should be below $50,000 so it will be sustainable by next year. $90,000 is quite a big target but it's not impossible to achieve as well.
Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.
True it won't happen this year.
My $50k - $70k prediction is for august next year.
The ATH has traditionally been 1/3rd in a period measured from the halving.
A period is about 4 years so in about 14-18 months from the halving, the ATH will be expected.
Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.
Mining is mostly based on
- The price of electricity
- Power efficiency of the rig
Mining will remain and push boundaries for new "free" energy sources like nuclear, solar, wind, geothermal, etc....
Therefore I believe mining will soon become a serious business. Mining rigs will soon come with their own power plants and become million dollar ventures.
- The price of electricity
- Power efficiency of the rig
Mining will remain and push boundaries for new "free" energy sources like nuclear, solar, wind, geothermal, etc....
Therefore I believe mining will soon become a serious business. Mining rigs will soon come with their own power plants and become million dollar ventures.
Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
The whole idea is that mining SHOULD become expensive. This is exactly where bitcoins value is generated.
Miners will hold on to coins until they have profit. But yes some miners will stop because they can't invest in better gear.
If they would dump it on the market it will temporarily dump the price but due to scarcity it will eventually go up WAY WAY higher.
Only if there is NO market for bitcoin will it plummet to death... Bitcoin (and crypto) is still thriving....
My estimate is $50k - $70k.
Maybe a shortlived peak to heights like $120k before going over the edge into full blown bear market again.
First time I have read this.
I didn't know that there are other calculations that are being made just to continue the mining industry.
I don't think so.
If they stop, then new ones will come. The difficulty level will also decline which means it will be easier for new miners.
Plus, I don't really think they would just give it up considering how much money they had already spent for all the hardware.
Also, the market doesn't work that way. It will not be ordered by someone or manipulated by anyone just like that.
It will depend on demand.
I didn't know that there are other calculations that are being made just to continue the mining industry.
I don't think so.
If they stop, then new ones will come. The difficulty level will also decline which means it will be easier for new miners.
Plus, I don't really think they would just give it up considering how much money they had already spent for all the hardware.
Also, the market doesn't work that way. It will not be ordered by someone or manipulated by anyone just like that.
It will depend on demand.
It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year. We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
you need to check your math again since price went up way more than 10x in 2017!
the average price in January 2017 was around $800 and the highest price at the end of the year (aka ATH) was $19666 on bitstamp. that means the price went up approximately 24x ($19666/$800) in 2017.
my favorite price to look at is the lowest price where the rise began. considering the ATH before the last was in 2013 and it was $1200 then that bubble popped and price fell down to $150 we can use that as our starting point. which means the rise was 131x in 3 years (from 2015 to end of 2017).
considering the same values, the bottom of the last bubble pop was $3200 and 131x rise means reaching $419,200.
now you see how minuscule $90k looks like!
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
In the meantime, as the price of Bitcoin struggles to achieve or retain its highest value this year at $11,500, this would be a great chance for investors to buy and restock Bitcoin in their wallet before its price pump high and it is too late for them. The halving would surely affect the standing of Bitcoin greatly and predictions like this are not far from impossible. In addition, we could see the gradual increase in the movement of Bitcoin that migt possibly indicating that it is gaining momentum overtime.For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
For me, Bitcoin would surely achieve an all time high this year as the demand for the coin will increase during and after the halving event.
It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year. We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Yes, that will need a big demand for buying and selling that will happen in the market, and I guess that the price will move so fast because we will go to see the pump and dump happens at that time. So you can prepare from now on, and you can buy more bitcoin at a low price, and then you can hold it for a while. But if you want to sell bitcoin at $90k, you need to have patience because we don't know when the price will reach that price, so I don't think that we can see the price will increase in a short time.
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It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year. We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Op, from your explanation so far about the coming halving event on how it will affect the market value of Bitcoin which I don't believe it works the way you explain above despite the fact that we all believe that Bitcoin price may skyrocket during the period.
He’s so sure about this one then so be it. We all have beliefs on the up coming halving and since we are tired for the bear market we tend to believe on a good things. Bitcoin can be good after the halving, it can create a better result and hopefully during that period people wont take profit early so the good prices can be reach.
I believe Bitcoin will reach $90k. But there is no exact information on how long it will take. The last bitcoin halving gave birth to the bull market of bitcoin. I think the same situation will happen this time. Because the Bitcoin mining reward will decrease. So the profit of miners will be greatly reduced. If miners are not profitable then everyone will give up bitcoin mining. So it seems to me that if the price of bitcoin increases, miners will be able to make profit here. Although the block reward will be reduced by half.
Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.
It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year. We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.
The market isn't playing in hypes to look by and even this halving event will happen it won't be enough to drive the market going high and skyrocketed into $90,000. It can be possible if we are already at $80,000 but we are still at $9,000 (plus), and it is really far from then.
Even optimistic people could never think like this without any logical derivatives that could trigger the market to come out like this. Though we are living in this volatile market, but I couldn't see anything that could bring that high. We can expect bullishly market but that $90k is really far from possibility.
Even optimistic people could never think like this without any logical derivatives that could trigger the market to come out like this. Though we are living in this volatile market, but I couldn't see anything that could bring that high. We can expect bullishly market but that $90k is really far from possibility.
Sometimes we should be logical a little bit OP, In my opinion, it is completely impossible that Bitcoin's price will reach to $ 90K after the halving especially during this year and even the next one, it is pretty sure this event will positively affect on the whole market not just Bitcoin, and probably the price will rise to $ 15k after July, but it is too difficult to predict the accurate price of BTC and we don't know what's going to happen in the future, so everything is possible in this era.
I don't know where you got this hype or prediction. I would suggest you to stop dreaming about Bitcoin at 90K USD, come to reality and see the gap between 10K to 90K USD! Halving won't make bitcoin that skyrocket, Halving make things positive in crypto that's it! For the halving, we can expect 20-25K USD, not 90K, sorry!
The basic market price determinants are demand and supply. Scarcity doesn’t directly affect the market value, it affects the supply which reflects in the market price. Demand also has a role, and except there’s a reciprocal increase in demand, bitcoin halving wouldn’t boost the bitcoin price.
btc halving is only an event but events like this affects the decision of people to buy or sell therfor id say that they still have an impact on the price . 90k usd is a good price and who wouldnt want that ? but lets also consider the state of btc right now . btc just stoppped growing . and becomes unstable again . this is not good and it could be a sign of something . maybe whales are on the move again to dump the price , you know whales loves to disrupt the price sometimes .
The basic market price determinants are demand and supply. Scarcity doesn’t directly affect the market value, it affects the supply which reflects in the market price. Demand also has a role, and except there’s a reciprocal increase in demand, bitcoin halving wouldn’t boost the bitcoin price.
Always check track record of bitcoin when halving time could raise up more than 1000% or not, I think is very higher price with your prediction bitcoin will going on above $90,000 when halving time is coming, just hit above $20k is look hard for bitcoin how come to reach more higher price.
Past record may happen or may not happen which has equal chances and when past is not repeating why not we may have some rapid jump around this halving.There are plenty of chances for new things to happen around this halving. Because, the number of bitcoin adopter definitely in huge fold compared to what we had in last two halving. The number of whales also might got differed from past occasions. The number of whales might have increased but at the same time the power of whales definitely might have got diminished due to more adopters and more demand for bitcoins. So, when considering the circulating supply of bitcoins in exchanges, I am too expecting bitcoins to test $100k levels before end of this year.
Always check track record of bitcoin when halving time could raise up more than 1000% or not, I think is very higher price with your prediction bitcoin will going on above $90,000 when halving time is coming, just hit above $20k is look hard for bitcoin how come to reach more higher price.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.
For now, $90000 with any reason or with read that article, i wouldn't think that far. Because that price although for 1 bitcoin, i never imagine if i have that amount of money. Maybe if can reach ATH like in past, already more than enough for me, or at least who bought at peak, can cover their loss back.
Many people are now making absurd expectations. They are assuming high market price increase after the halving which is far from the reality and its all time high market value. This might drive them to jump into conclusions and once their expectations are not met, disappointment would follow. People should learn how to make assumptions inclined with the present market scenario. 
For now, $90000 with any reason or with read that article, i wouldn't think that far. Because that price although for 1 bitcoin, i never imagine if i have that amount of money. Maybe if can reach ATH like in past, already more than enough for me, or at least who bought at peak, can cover their loss back.
How will this even happen. ? Alot of people are spreading hopes of imagination in Bitcoin price. This analysis doesn't explain the logic of price increase . If so, Bitcoin price should be around 30,000$ by now at least.
It's hard to believe that bitcoin will reach 90,000$ and actually, it will depend on the people if they going to believe or not. But, they should not expect that it will happen because the chances is too low and we don't even know what will gonna happen to the halving and the result still unpredictable. It's normal to see how people have too much expectation especially on the price of bitcoin and even we do a different analysis still in the end we don't know what will gonna happen. But, whatever will be the result we should still keep on believing in bitcoin because what if in the near future it will reach that price. 
Prices are driven by supply and demand.
However, it is not that linear.
If you cut supply by half, and the demand stays the same, the price should increase. But we can't say now if 2x, or 20x or whatever.
And bitcoin demand is mostly speculative. Price will probably react slowly about this halving, with higher volatility than normal, but real changes in price will come with bigger adoption.
However, it is not that linear.
If you cut supply by half, and the demand stays the same, the price should increase. But we can't say now if 2x, or 20x or whatever.
And bitcoin demand is mostly speculative. Price will probably react slowly about this halving, with higher volatility than normal, but real changes in price will come with bigger adoption.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
With Halving every four years. Rewards per block will continue to decrease by half. But after halving, of course, it will not directly affect the price of Bitcoin. Of course it takes time slowly so that the price of Bitcoin rises after halving. At least 1 to 2 years, like the previous halving experience. For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The price increase should be, but certainly not 2 times and definitely not 9. I would suggest a 30-40% increase before July. But it’s definitely not worth talking about which X, because if you look at the past halving, then bitcoin has also grown, but that was not much.
How will this even happen. ? Alot of people are spreading hopes of imagination in Bitcoin price. This analysis doesn't explain the logic of price increase . If so, Bitcoin price should be around 30,000$ by now at least.
Op, from your explanation so far about the coming halving event on how it will affect the market value of Bitcoin which I don't believe it works the way you explain above despite the fact that we all believe that Bitcoin price may skyrocket during the period.
He’s so sure about this one then so be it. We all have beliefs on the up coming halving and since we are tired for the bear market we tend to believe on a good things. Bitcoin can be good after the halving, it can create a better result and hopefully during that period people wont take profit early so the good prices can be reach.
I am totally disagree with your statement. If it works in this why then why bitcoin prices fall to less than 4k$ last year? Many people will tell that that was correction but I don’t think so that only for correction it went 20k$ to 4k$.but Yes in this year bitcoin price can be sky rocket.but don't think this is the main logic.
Op, from your explanation so far about the coming halving event on how it will affect the market value of Bitcoin which I don't believe it works the way you explain above despite the fact that we all believe that Bitcoin price may skyrocket during the period.
That's so not possible @OP. Just because bitcoin halving is around the corner does not mean we are going to see such a huge rise in bitcoin price. I am thinking another all time high of bitcoin probably between the ranges of $25k-$30 by the end of this year.
Remember some miners would sell cheap because they might need the money urgently for bills and upkeep.
I feel like we may not even hit the previous all time high this year since the price don't react that fast after the halving. We'll be lucky to hit something that high but at the same time experiencing an increase that big in one year would mean another correction.Remember some miners would sell cheap because they might need the money urgently for bills and upkeep.
Those miners selling cheap might not be the problem imo because who knows there could be several investors also waiting for a certain price mark that'll stop the run.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
If the theory depends upon the price of bitcoin depends upon helping the miners then it would be true but that is not the way the investors would treat the market and hence the theory is flawed. The investors depend upon how they view the bitcoin market and not about how much investment the miners did and hence correlating them with the amount of money a miner spends does not occur. If the bitcoin investors think that there is value in investing in bitcoin the price would move higher and not the other way around For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
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How did you come up with 90 thousand dollars? You seem to be very sure of this price and in reality the cost of mining is somewhere at 6 thosuand dollars.
If the reward is cut in half and the price adjusts accordingly the price will land somewhere between 12 and 15 thosuand dollars. Even 20 will be a very negenrous pump and 90 will be very hard to achieve this year. It would be great but it's not going to happen.
If the reward is cut in half and the price adjusts accordingly the price will land somewhere between 12 and 15 thosuand dollars. Even 20 will be a very negenrous pump and 90 will be very hard to achieve this year. It would be great but it's not going to happen.
It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.
Quite all right, I don't agree totally with the OP - especially on his forecast about the $90,000 Bitcoin price. No one honestly knows where the price of Bitcoin is headed. We have seen experts make predictions in the past and how reality made a mess of their predictions. However, I do agree that Bitcoin halving definitely will have a ripple effect and one of such is "scarcity" Scarcity creates room for price appreciation. And this is certainly what we will experience in weeks to come, especially after May. legendary
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I hope that the price can be achieved, but I doubt it can be achieved. however, currently, the price of $ 90000 is beyond my mind and only focuses on achieving prices higher than $ 15,000. even when we rely on mining, I think the price of bitcoin won't be as fast as it reached the price of $ 90000, and that takes a long time.
other than that, the price of $ 10,000 is not so stable, I still feel that when halving occurs, the price of bitcoin is still in that range.
other than that, the price of $ 10,000 is not so stable, I still feel that when halving occurs, the price of bitcoin is still in that range.
everything will happen in its appropriate time not any sooner. prices such as $90k are going to be reached some day just like $20k was reached before and it looks like nothing today. but it won't be because of cost of mining but will only be because of adoption and nothing else. the limited supply that is the product of halving is only the cherry on top not the reason.
and believe me when i say this miners are going to leave the moment they can't make enough profit. so far we see that not only they aren't leaving but also they are expanding which proves that they are making a huge amount of profit even with all the halvings!
and believe me when i say this miners are going to leave the moment they can't make enough profit. so far we see that not only they aren't leaving but also they are expanding which proves that they are making a huge amount of profit even with all the halvings!
The decrease in rewards with halving may affect the price a little. However, psychological factors before and after this will move the price to a point. I think the pricing that we have observed so far is due to this.
The subject of FOMO is very important. When we see the price catching a pace as it rises, we can even see it with our bare eyes.
I think it's mainly FOMO that plays its part here. People are talking about the previous halving as if it's a fact that halving increased the price back then. On the contrary, the price started increasing before the halving, dropped a bit after it and skyrocketed after months have passed! I mean, a lot of stuff could affect the price after months, and even if it was 'halving', it was most likely the FOMO around it once again. I think pooya87 described why the price does not have to increase when miners' reward is cut in half.The subject of FOMO is very important. When we see the price catching a pace as it rises, we can even see it with our bare eyes.
At the same time, it seems that people are expecting the price to rise, so FOMO can make it rise once again. I don't think it's going up to $90k this year, though.
There's no good indication that prices could rise that much. Really the resistance would be too much for prices to go above $12k. 90k USD is just too much out of reach at the moment and such predictions have been made time and time again, but seem too unrealistic for the time being. There should in my opinion be no connection with the halving and such out of place mindsets. Perhaps a small push could be likely but normally any positive outcome should be priced in already.
Quote from: pooya87
Quote
Basically, miners will have to run twice as many calculations,
wrong. what you refer to as "calculations" depends ONLY on difficulty and that does NOT change with halving.The OP is actually right... You took it out of context. OP Said "Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive." which is true... Unless OP added it afterwards. But I dunno where the guy is getting this 6K figure from or how did he reach this $90K figure for BTC. Given if the economic system doesn't collapse or the world doesn't end by a deadly virus, One can expect a gradual rise in BTC price given its deflationary nature... These speculation posts add no value to BTC or the forum. I agree with @pakhitheboss this post was created for mere purposes of getting a backlink nothing more... The thread should have been nuked surprised it wasn't.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
For the sake of getting backlink, why are you spreading FUD. I am sure the moderators are looking into this post as the post doesnot makes any sense at all and the topic heading is completely irrelevant.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
A mere newbie saying this kind of stupid nonsense things here 
. Good Job dude.Any evidences that this will happen?? If you can defend what you said then I will believe you. The true and might happen is that, most of the miners after Bitcoin halving might stop mining because of the reduced income by half. Probably those who are living in the countries where the electricity bill is low are the ones who will not stop. If the miners see that they aren't profiting after halving, they will stop. Simple as that. Bitcoin to $90,000?? Possible but very low chances (around 0-1% TBH).
I agree. I don't see any incentive for miners whose production(operational) cost is not covered by the market price. I mean they could be more profitable by just buying bitcoin on spot and only plug their gear in when they should be profitable or even sell their rigs to fiable companies in other countries, but then we'll have a centralization problem..
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
A mere newbie saying this kind of stupid nonsense things here . Good Job dude.Any evidences that this will happen?? If you can defend what you said then I will believe you. The true and might happen is that, most of the miners after Bitcoin halving might stop mining because of the reduced income by half. Probably those who are living in the countries where the electricity bill is low are the ones who will not stop. If the miners see that they aren't profiting after halving, they will stop. Simple as that. Bitcoin to $90,000?? Possible but very low chances (around 0-1% TBH).
Since it is all just a dream why not make it big why settle for less dream a much more higher price.
Do you really think that it could get that high because of halving?
The price is still stuggling at $10K and even though we still have plenty of time it is so hard to believe that it could make that high.
Do you really think that it could get that high because of halving?
The price is still stuggling at $10K and even though we still have plenty of time it is so hard to believe that it could make that high.
Hmmmm. Bitcoin could reach $90k, just not because of the reasons you stated. See, even if the rewards is halved down, the miners could still be fully capable of doing the same thing they've been doing. Just like what others have said, they use ASIC's not Supercomputers. Supercomputers may be a general term, but it isn't a term used to describe mining machines. The price of $90k is achievable, but its a low chance, and the time frame needed is not simply a few weeks nor a few months.
Lastly, the article you sent is in another language. I'm not sure what it is, but it isn't english for sure. Seems quite nonsense to share one when it isn't even readable by most people.
Lastly, the article you sent is in another language. I'm not sure what it is, but it isn't english for sure. Seems quite nonsense to share one when it isn't even readable by most people.
If only that could come true then we would have been so happy.
But we have to accept the fact that it is still early for that price to be reached or if it would ever hit that high.
$90,000 is so far right now I don't think that we would see it get that high in this year as we could see the price is having a hard time to break free and fly high again.
But we have to accept the fact that it is still early for that price to be reached or if it would ever hit that high.
$90,000 is so far right now I don't think that we would see it get that high in this year as we could see the price is having a hard time to break free and fly high again.
-snip -.
We are all here want this happen , but we need to be understand and be realistic that its hard to happen. Bitcoin can't even maintain its price when ATH happen so what else if they break the 90k$ price . The only thing that possible to happen at this moment is to have back to its ATH and if they can maintain its price this time, then new ATH of bitcoin price will be expected to happen. 
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
....
....
You are very weak in mathematics) How did you calculate that if the reward is halved, the value of bitcoin should increase 9 times? We saw that at the cost of bitcoin at $ 3,500, the network continued to work. So after halving, this cost will be $ 7,000. And now the cost of Bitcoin is much higher than this figure, so you can not worry about the income of miners after halving.
There are many factors contributing to the price of Bitcoin, but you can't just say that halving the reward will double the mining costs as well. Even if that were true it would point us to about $15k-$20k at the current mining costs. But again some miners could drop out from the grid, some will add more equipment. Maybe Bitmain releases more efficient rigs. It is quite hard to quantify the cost of mining 1 BTC if you're not an actual operator.
Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.
Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.
Okay
First of all 90,000$ is something else , one should understand that even if it rocked to 30,000$ people will encash like crazy Making the price fall like rocket in the negative way . Therefore I do not think that this would be possible , one cannot just see the price climb like this , it's not only unrealistic but it is also completely out of the formulas .
It is easy to reach from 1000$ to 2000$ but it is not so easy to reach from 10000$ to 50000$ .
And we are talking about 90000$.
First of all 90,000$ is something else , one should understand that even if it rocked to 30,000$ people will encash like crazy Making the price fall like rocket in the negative way . Therefore I do not think that this would be possible , one cannot just see the price climb like this , it's not only unrealistic but it is also completely out of the formulas .
It is easy to reach from 1000$ to 2000$ but it is not so easy to reach from 10000$ to 50000$ .
And we are talking about 90000$.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
if your employee cuts your paycheck in half, you cost (like your electric bill, your rent,...) doesn't double. your "income" is cut by half. the same is true about bitcoin block reward halving.Quote
For operators who use high-speed computers to mine BTC,
what the hell is a high-speed computer you mine with ASICs not computers.Quote
The estimated average cost to mine a Bitcoin could rise to $ 12,525
wrong for the same reason as above.Quote
double the current average of $ 6,851.
this number is also pure nonsense. mining is not a fixed thing to have a fixed cost. the cost depends on each and every single miner. for instance if you mine bitcoin in Hawaii (29.18 cents) your cost is obviously a lot higher than someone who is mining with electricity that costs 1 cent.
Quote
Basically, miners will have to run twice as many calculations,
wrong. what you refer to as "calculations" depends ONLY on difficulty and that does NOT change with halving. 
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.
What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient
See also: Bitcoin virtual currency exchange
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