Speculations will always happen, that is how they work and I think those are kind of the bread and butter of some of the traders because they really like to speculate and watch people make the moves they told them to do in order to make a profit. However, if we are too conservative with out predictions that would mean we may consider it going down as well and that is where I am drawing my personal line.
I think bitcoin will go up, I don't think it will be 20k neither but I think we are definitely going to see 10k and higher as well. In the end bitcoin is a great asset to have and everyone should put some aside, it is against inflation at the time of countries printing money as well so we can definitely say that bitcoin will gain value while fiat is losing its.
Topic: How will the Halving affect the BTC price? - page 2. (Read 826 times)
Now, this will be more exciting as the next Bitcoin halving (a historic event wherein Bitcoin price soars up after that event) will ultimately prove or disappoint what most people expect. I personally believe the effects of incoming halving will definitely be in a greater magnitude so that I would assume that we will see Bitcoin reach a new ATH again. But I'm not so sure right now because of the current financial crisis.
It is what everybody is expecting with the upcoming halving. We compare to the two halvings that happened in the past and both does have a great effect to the price of bitcoin. Means that the next will actually affect the price greater and to the point of even more because the past two was great. There is a chance that it will surpass the past halving effect but as you have said, this is it, we will see if it's a make it or break it impact for the price.
If miners btc reward reduced from 12.5 to 6.25 using the same amount of electric energy and other resources, after selling at loss for a long time as 1 year, it is expected that the motivation will be low and transaction might also be slower. History showed that there might not be an instant price response and the recent pandemic may also affect investment in a space that had endured dump for that long. Since most fund in the past had always come from altcoins, I expect a steady altcoin season rise after the halving and pandemic is controlled. Investment in mining is more expensive and we have more wealthy miners that may not sell at the low price which could lead to more scarce asset, scarcity is likely to pump the price.
Now, this will be more exciting as the next Bitcoin halving (a historic event wherein Bitcoin price soars up after that event) will ultimately prove or disappoint what most people expect. I personally believe the effects of incoming halving will definitely be in a greater magnitude so that I would assume that we will see Bitcoin reach a new ATH again. But I'm not so sure right now because of the current financial crisis.
Some being hopeless but many are also positive that this halving event could help much.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
This is why we need to be conservative with our expectations with the upcoming halving. But I believe, the price of bitcoin will go up but not that so high as compared to some spectators going above 20k. There are a lot of factors to consider here as we are still in the pandemic situation experienced in almost all parts of the globe. Crypto users should not see this upcoming halving as potential to be a get-rich-quick situation for them because they might be disappointed with their expectations.
Most likely it won't stop in the 2nd quarter, maybe in the 3rd quarter. However the economic damage that it created can last for years. Keep in mind many people lost their jobs and it will take years to refill those jobs.
Usually businesses lay people off, say 100 people and then they start to hire people slowly, first 50, then 25 and maybe if business is good the remaining 25. Hence its a domino effect. Less people working, less goods and services pretty much.
Like I said before. The issue is that bitcoin is following equities, hence when its not going down. SP500 keeps printing higher and higher, however people are still losing their jobs. Eventually most earnings for companies will be negative and stocks will eventually stop rising and either go to new low or trade sideways and bitcoin will follow. Don't think the halving in 1 month will have much effect really. If stocks go up that day, so will bitcoin. If they go down, so will bitcoin.
Usually businesses lay people off, say 100 people and then they start to hire people slowly, first 50, then 25 and maybe if business is good the remaining 25. Hence its a domino effect. Less people working, less goods and services pretty much.
Like I said before. The issue is that bitcoin is following equities, hence when its not going down. SP500 keeps printing higher and higher, however people are still losing their jobs. Eventually most earnings for companies will be negative and stocks will eventually stop rising and either go to new low or trade sideways and bitcoin will follow. Don't think the halving in 1 month will have much effect really. If stocks go up that day, so will bitcoin. If they go down, so will bitcoin.
It's interesting that stocks made two new local highs (on the 14th and 16th) but BTC didn't. Still all lower highs since the 7th. One has to wonder, is BTC still going up with stocks, or are stocks just keeping BTC from crashing?
We're now officially in earnings season too. It's going to be a brutal onslaught of horrible financials, so while I don't like to call tops, we'd better start getting ready for the inevitable reversal.
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
If the Pandemic stops this 2nd quarter then for sure there will be some changes mate and may see some good point on how the Halving will effect the growth of market again though nothing is certain.Some being hopeless but many are also positive that this halving event could help much.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
Maybe not along but will happen soon,if not in this year then the following will may right?Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
But the previous Halving take effect months after the event so realistically this will happen also now?anything can come now or in future but lets not lose hope.Most likely it won't stop in the 2nd quarter, maybe in the 3rd quarter. However the economic damage that it created can last for years. Keep in mind many people lost their jobs and it will take years to refill those jobs.
Usually businesses lay people off, say 100 people and then they start to hire people slowly, first 50, then 25 and maybe if business is good the remaining 25. Hence its a domino effect. Less people working, less goods and services pretty much.
Like I said before. The issue is that bitcoin is following equities, hence when its not going down. SP500 keeps printing higher and higher, however people are still losing their jobs. Eventually most earnings for companies will be negative and stocks will eventually stop rising and either go to new low or trade sideways and bitcoin will follow. Don't think the halving in 1 month will have much effect really. If stocks go up that day, so will bitcoin. If they go down, so will bitcoin.
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
If the Pandemic stops this 2nd quarter then for sure there will be some changes mate and may see some good point on how the Halving will effect the growth of market again though nothing is certain.Some being hopeless but many are also positive that this halving event could help much.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
Maybe not along but will happen soon,if not in this year then the following will may right?Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
But the previous Halving take effect months after the event so realistically this will happen also now?anything can come now or in future but lets not lose hope.
The issue is that many people are looking at crypto and how its correlated with the stock market. This is why we were tanking earlier however now that the stock indicies futures are open and they are not tanking we are actually rallying back up.
So if the situation gets worse and if SP500 keeps hitting new yearly lows every week or every other week then it won't be pretty for BTC since many consider it to be an risk-on asset and many sell those usually in recessions. At times like this many want to remain cash and rather buy stocks or cryptos at a fraction of the price sometime in the next 6 months or so.
So if the situation gets worse and if SP500 keeps hitting new yearly lows every week or every other week then it won't be pretty for BTC since many consider it to be an risk-on asset and many sell those usually in recessions. At times like this many want to remain cash and rather buy stocks or cryptos at a fraction of the price sometime in the next 6 months or so.
Some being hopeless but many are also positive that this halving event could help much.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
Might we say that this is just an assumption and yet, we are speculating the future of crypto? Either it happens or not, people will also have to accept it. Price fluctuation is inevitable, the trend keeps changing all the time. Therefore, we can't expect that halving will put as at ease and think that pumps will come along.
The previous halving has a positive result and I do believe that this could also the same but thinking how the price moves, it is a bit different from before. A lot of factors that could help to twist the market trend and so much more about how coronavirus makes it.
Well if we are going to trace back btc halving history, it clearly we see an increased in btc price and in mining block rewards but we can't say that history always repeats itself all the time.
Specially with this kind of market now?absolutely there will be no repeat happening this next quarter or until the last till december.There are no cure for the sickness or for the virus so the dumping will continue until the cure finds.
But Halving will give us profit but when the time the Bull starts right after the crisis ends and the effect of halving will take place.
we are still on the first quarter of the year and it will take a long time for us to reach december and with this time span i think the virus will not exist anymore .
there are now cures that i see online and on youtube but some of those sources are not yet verified however if we look at china , how can people on those country got cured if no medicines for corona invented ?
halving will not be postponed because of this virus and i still believe that halving can boost the price of the cryptos .
Well if we are going to trace back btc halving history, it clearly we see an increased in btc price and in mining block rewards but we can't say that history always repeats itself all the time.
Specially with this kind of market now?absolutely there will be no repeat happening this next quarter or until the last till december.There are no cure for the sickness or for the virus so the dumping will continue until the cure finds.
But Halving will give us profit but when the time the Bull starts right after the crisis ends and the effect of halving will take place.
There are so many discussions already on that subject. To my opinion people are having too big expectations from halving and think that will produce some huge price jump similar to those at the end of 2017. Some positive effects will happen but not in such big extend and probaly the impact will not have a long term impact. That is my opinion but I allow the option to be surprised at the end, hope in positive way.
And because of 2017 effect many people speculates that there's something big gonna happen on these halving year but unfortunately we cannot experience that on some matter since there still a big threat on the economy and yet many people cannot participate to buy bitcoins these days but lets just hope that there's a positive news and all worried from those affected country will be taken away.
diverted to the current issue we are facing now which is the pandemic thing.Come to know that we are only just 49 days left on the said halving.Nothing is assured when in talks
to the future we might either see an increase,decrease or even moving sideways.
Well if we are going to trace back btc halving history, it clearly we see an increased in btc price and in mining block rewards but we can't say that history always repeats itself all the time.
As i said earlier,nothing is certain but at least we do know deep inside on ourselves that there would be always a possibility on having the same situation that we have faced into those golden days.
The effect of halving will change this time because of the worldwide effect of this pandemic problem.
Yeah halving always bring best chance not only for miners but the whole crypto market in the last 2 events we’ve had before.
But now?look at the market more than 1 month before this awaited event,see whats happening?the flow of the market seems no concrete direction,though staying in 6$k level yet no good sign of increasing or decreasing.
Yeah halving always bring best chance not only for miners but the whole crypto market in the last 2 events we’ve had before.
But now?look at the market more than 1 month before this awaited event,see whats happening?the flow of the market seems no concrete direction,though staying in 6$k level yet no good sign of increasing or decreasing.
The halving will cut the difficulty by half, thus making mining more easy to miners. This, however, will make them cut the electricity costs by half, which will make the price fall to 1/4 of current cost (half doubled = 1/4). The current cost is $8k, so the price will be cut to $4k after the halving of the difficulty, then $2k after the halving of electricity costs. There is a third factor which is the derivatives casino, which will cut the price by half again, thus sub-1000 levels will be the price six months after halving.
Well if we are going to trace back btc halving history, it clearly we see an increased in btc price and in mining block rewards but we can't say that history always repeats itself all the time.
There are so many discussions already on that subject. To my opinion people are having too big expectations from halving and think that will produce some huge price jump similar to those at the end of 2017. Some positive effects will happen but not in such big extend and probaly the impact will not have a long term impact. That is my opinion but I allow the option to be surprised at the end, hope in positive way.
And because of 2017 effect many people speculates that there's something big gonna happen on these halving year but unfortunately we cannot experience that on some matter since there still a big threat on the economy and yet many people cannot participate to buy bitcoins these days but lets just hope that there's a positive news and all worried from those affected country will be taken away.
There are so many discussions already on that subject. To my opinion people are having too big expectations from halving and think that will produce some huge price jump similar to those at the end of 2017. Some positive effects will happen but not in such big extend and probaly the impact will not have a long term impact. That is my opinion but I allow the option to be surprised at the end, hope in positive way.
Of course, Bitcoin's halving will have a positive impact on Bitcoin's price, but also if Bitcoin starts to grow, the rest of the market will start to grow along with it.
Certainly there will be some affects but sometimes I do wonder if we are over exaggerating the affects of bitcoin as well. All of us here are looking at bitcoin halving like something that would literally save us from bear and suddenly make things more and more expensive because miners will want it that way but do we really know miners have that kind of power?
I mean sure they do have some but remember the bitcoin cash times? They wanted to move bitcoin to another direction but failed to do it so now they have a hard fork of bitcoin instead. So, if they weren't powerful enough to change bitcoin to their direction, why would they be able to change the price of it to where they want as well? On contrary they will be always forced to sell their coins to cover the costs as well.
I mean sure they do have some but remember the bitcoin cash times? They wanted to move bitcoin to another direction but failed to do it so now they have a hard fork of bitcoin instead. So, if they weren't powerful enough to change bitcoin to their direction, why would they be able to change the price of it to where they want as well? On contrary they will be always forced to sell their coins to cover the costs as well.
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