Topic: How do you think of this bitcoin halving chart? - page 2. (Read 342 times)
I hope that the cycle can be repeated again and become a positive thing for all of us because I myself have been waiting for bitcoin to skyrocket as before yesterday's halving day, this time I think that the current surge will be far more extreme than last year's surge.
I have been through a couple of Halvings before and I can tell you with all honesty that the impact is not very significant.
But combined with other factors, like bakkt, lightening network and possibly ETF, there may be a probability that it would affect the price significantly? Or will all factors work separately?
Also, do you think that as time goes by and more halvings it loses its significance?
it is way too soon to start talking about halving and its effect on bitcoin price. for the time being we have other rallies and resistances to break and reach a much higher price before the halving even begins. and then like always we will see a lot of hype about 2 month prior to the actual halving date and by then price will shoot up and enter a small short term bubble which will burst after the halving and then we will be back on track with rises.
This you are telling after seeing the last halving period affect happened but i think this time it will be different and we will see huge price movement as this halving will cut the block reward half and this half will be loss for the miners if the price is being same.
it is way too soon to start talking about halving and its effect on bitcoin price. for the time being we have other rallies and resistances to break and reach a much higher price before the halving even begins. and then like always we will see a lot of hype about 2 month prior to the actual halving date and by then price will shoot up and enter a small short term bubble which will burst after the halving and then we will be back on track with rises.
From the current tendency, the color starts to go out of the yellow and ready to go to the light green, does this mean the price of bitcoin will go down again?
Possibly, but it would probably be best to ignore it. We don't have enough of a sample size to safely conclude anything.
As far as halving goes, it increases scarcity, but that doesn't mean anything if demand doesn't keep up. The halving won't be a bull run catalyst by itself, and has never been one.
Having experienced a couple halving myself, no substantial price growths actually occurred during the halving; only after the said event, perhaps a couple of months apart. Usually, this event isn't really looked upon by a lot of people since it's just the block reward being cut in half, and they know that no significant implications may have really take effect after it has been settled. Quite a handful of media outlets and posts would confirm that there's still an interest on the event though, but not really that significant to cause a huge spike in price.
Based on my experience on the last block halving, it took months like four to five months after before we see the price moving on the positive so I'm not sure if they will be same in 2020.
So it means that yes it has a positive effect but it's not felt overnight. So for those who are saying that this event could be the catalyst, yes, it might, but we need to wait for the actual effect after. It won't be the magic wand that will turn the price from $3K-$20K just like that.
So it means that yes it has a positive effect but it's not felt overnight. So for those who are saying that this event could be the catalyst, yes, it might, but we need to wait for the actual effect after. It won't be the magic wand that will turn the price from $3K-$20K just like that.
I have been through a couple of Halvings before and I can tell you with all honesty that the impact is not very significant. Yes, an event like this gets some media attention prior to the event and this leads to some new people investing for the first time and some older investors buying more coins, but it is not significant at all.
On the date of the Halving, most of the impact is already priced in and as the hype subsides, everything goes back to normal. You can capitalize on the small bump in the price, prior to the event, but you will have to invest a large amount of money to show a significant profit.
On the date of the Halving, most of the impact is already priced in and as the hype subsides, everything goes back to normal. You can capitalize on the small bump in the price, prior to the event, but you will have to invest a large amount of money to show a significant profit.
image url :
Interesting graph!I've been waiting for this kind of graph to find connection between halving and price movement. It seems that BTC already found bottom and will move upward in the next weeks.
*Disclaimer: not financial advice, only casual chat.
This chart is designed by one Twitter user. this chart shows how the halving of bitcoin has an impact on the price of bitcoin.
This graph has presented the relation between bitcoin history price and the remaining time until the next bitcoin halve. The change of color can reinforce the show of this relational change.
The more length of the remaining time, the more intense red color moving, the less short of the remaining time, the more intense blue color moving. From the current tendency, the color starts to go out of the yellow and ready to go to the light green, does this mean the price of bitcoin will go down again?
image url :
https://pbs.twimg.com/media/DyZVje1X0AAx74p.jpg
This graph has presented the relation between bitcoin history price and the remaining time until the next bitcoin halve. The change of color can reinforce the show of this relational change.
The more length of the remaining time, the more intense red color moving, the less short of the remaining time, the more intense blue color moving. From the current tendency, the color starts to go out of the yellow and ready to go to the light green, does this mean the price of bitcoin will go down again?
image url :
https://pbs.twimg.com/media/DyZVje1X0AAx74p.jpg
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