We are all waiting for this block halving and expecting that it would drive the price up,
We are expecting this to be the reason for another ATH and maybe after that we wouldn't see the price getting back to 4 digits again.
Topic: Less than 1 Year for Block Halving (Read 315 times)
Halving can make bitcoin previous $20,000 ath double it can happen but if we are talking about $100,000 mate i thnink this is still not possible this year even if with halving.Previous halving we didnt get that huge huge multiplier in price if we base that on current ath and the rate of increase last halving we can easily achieve 40-50k
The clock moves fast, time goes on and less than a year for BTC, what do you think of the effect on the total amount and therefore the price? Will we see in a year or two astronomical numbers like $ 100,000?
Quote from: https://www.bitcoinclock.com/
Block Halving ETA: 365 days, 5 hours, 14 minutes
Date ETA: May 20, 2020
Date ETA: May 20, 2020
this is the only good long-term news that could create a big price increase, maybe it's because of that the price increased from $3100 to $8300 in a short time. ETFs turned out to be a big disappointment:
US SEC Postpones Verdict on VanEck ETF Application, Again
Quote from: https://cointelegraph.com/news/us-sec-postpones-verdict-on-vaneck-and-bitwise-etf-application-again
The SEC has added a 35 day period for gathering more information and opinions on the proposal, which was initially filed by the Chicago Board Options Exchange (CBOE) last year.
They need more information.
we need to have a very strong and united community that puts pressure on governments to legalize cryptos and use bitcoin as a means of payment around the world. When the day comes when we can use bitcoin as a means of payment around the world, we can celebrate.
Regarding price forecasts, I think we will reach $ 28,000 by the end of 2020
Halvings are very important factor, not only in a technical, but in a psychological sense. In next halving reward per block will go from 12.5 BTC to 6.25 BTC and will have 18.37 million BTC mined at that time. The fact is that less and less bitcoin is left for mining, and that halvings will cut block rewards every 4 years, with limited supply - could cause significant increase in price. However, all depends on demand for bitcoin in next years and whether people accept bitcoin as store of value or cryptocurrency.
When it comes to bitcoin nothing is impossible, and therefore should not be dismissed possibility of six-digit numbers. Most major investors mostly agreed that this is possible, the only difference is when this could happen. Based on past halvings big things mostly happen 6+ months after halving, and in next year.
The only difference from the last halving is that base price for big pump was under $1000, and after next halving we can easily have x10 from that price. If we know that is possible to go from $1000 to $20 000 in one year, maybe it's possible to imagine $10 000 to $100 000 in next bull run
When it comes to bitcoin nothing is impossible, and therefore should not be dismissed possibility of six-digit numbers. Most major investors mostly agreed that this is possible, the only difference is when this could happen. Based on past halvings big things mostly happen 6+ months after halving, and in next year.
The only difference from the last halving is that base price for big pump was under $1000, and after next halving we can easily have x10 from that price. If we know that is possible to go from $1000 to $20 000 in one year, maybe it's possible to imagine $10 000 to $100 000 in next bull run
That being said, I wonder if institutional players see the halving as a major factor in entry. Halvings haven't had much immediate effects historically, so it has always been possible that they weren't the biggest catalysts to the bull runs afterwards.
It doesn't matter who we are talking about, everythinig that cuts in the rate of inflation by 50% is a big deal. Bitcoin was already hard obtain in large quantities (especially during bull cycles where people don't let go of their coins), but now less of it is flowing into the market, which means that more people have to compete for an even smaller pool of freshly minted coins.
The block halving will be calculated in before it actually takes place because of how smart money is front running the event. Whatever happens after the block halving is largely the result of more demand due to the hype because of how the price has gone up prior to the block halving. Retail money ignores what's going down or remains stagnant, but loves to jump in when the price has shown green for a longer period of time.
I personally don't think $100k is achievable (in the near future at least) organically. It's probably going to take a lot of institutional money flowing in, or a massive devaluation of the USD. I'm expecting some degree of uptick though, considering how anticipated it is.
That being said, I wonder if institutional players see the halving as a major factor in entry. Halvings haven't had much immediate effects historically, so it has always been possible that they weren't the biggest catalysts to the bull runs afterwards.
That being said, I wonder if institutional players see the halving as a major factor in entry. Halvings haven't had much immediate effects historically, so it has always been possible that they weren't the biggest catalysts to the bull runs afterwards.
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Well Bitcoin always has a way of surprising any doubter and when you consider the demand for bitcoin is steadily increasing yearly, I can't find any reason why a $100,000 price tagged for one bitcoin is impossible also when you consider the halving factor and what it has done to the price of bitcoin in the past then the possiblity of bitcoin reaching such price as $100000 is more possible but I think it'll take more than one block halving from the current price of bitcoin for it to achieve $100,000. Price range of $30,000-50,000 is very possible but $100,000 in a year or two, not so much.
Will we see in a year or two astronomical numbers like $ 100,000?
I'm pretty bad at calling prices so I'll say 100k is pretty impossible in one year...
, hoping I'm getting it wrong again.But seriously, increases like this need a lot of money.
It's easy to go from 1k to 10k, even if we assume that every coin will be bought and nobody holds including satoshi's coins and other what's that 170 billions? Huge number but doable.
But if we consider jumping to 100 000, then we have to add another zero and we're coming in the trillions sector.
For every coin that has been held till now, we must throw in 100 world media wages
.A bit too much.
20k is doable, 40 k maybe but, 60-75 as a peak but holding the price and no retreating, I doubt it.
PS
I don't think the halving is going to have a visible effect, the market will take it into account a long way before.
Look at LTC this year to see it. I believe that not only will news be driven by the news that the BTC will increase, along with crypto will have big investment sources .. Everything has not started for me yet ..
Already everything happening with bitcoin is made relative to the block halving scheduled for 2020. Now the days have come less than that of an year. Further we can get more and more negative as well positive news. It is good to get to the positive news and not react much on negative things that happen around the market which will be pure manipulation from whales.
It's good to track this moment, halving if being followed previously makes a good increase in terms of value, we o anticipate that this new one that will come will bring the same things like the last time, we just need to be positive and optimistically supporting what the halving can bring to our investment, aiming for much higher new ATH will be nice to see.
The clock moves fast, time goes on and less than a year for BTC, what do you think of the effect on the total amount and therefore the price? Will we see in a year or two astronomical numbers like $ 100,000?
The price of bitcoin could reach those astronomical figures after halving, but it all depends upon how strong we will finish by the end of this year, if the price is above $10k by the end of this year, then we could see a crazy rally by the end 2020, looking at the past price movement we could very well tell that we could reach astronomical figures by the way the market is reacting at this point. I am breaking up the price movement in each quarter and i would like to see how the price holds in the next two quarters and then we will have a clear idea. Quote from: https://www.bitcoinclock.com/
Block Halving ETA: 365 days, 5 hours, 14 minutes
Date ETA: May 20, 2020
Date ETA: May 20, 2020
Yeah less then one year to the much awaited bitcoin halving, but at that I will not put too much hope on the halving to make the price go high because that can lead to disappointment since we are dealing with a volatile commodity such as bitcoin any thing can happen but I know within the bitcoin network the halving will come with lots of development that will favor the general processing process.
halving on its own will never cause any price rise because it is like saying supply alone is the only factor in the market, but when it is combined with the "demand" or in other words the adoption, then you get a good view of how things can be in the future.
for now the adoption is increasing and it will only speed up more as we move forward. so after halving when the new supply injected in the market slows down to half the previous value, the price rise as the result of adoption growth is going to become even faster. hence $100k becomes the next target.
for now the adoption is increasing and it will only speed up more as we move forward. so after halving when the new supply injected in the market slows down to half the previous value, the price rise as the result of adoption growth is going to become even faster. hence $100k becomes the next target.
The clock moves fast, time goes on and less than a year for BTC, what do you think of the effect on the total amount and therefore the price? Will we see in a year or two astronomical numbers like $ 100,000?
I don't know but there's nothing wrong to believe on that, the next halving can pump the prices, but we should see that this 2019 or else its just a normal update. Let's monitor the countdown, see the market if there's a good reaction or just a normal trend with bitcoin. I'm confident there's a good price in New year but I can't tell the specific price. If there's an increase on FOMO this year, we can go beyond $20k but I have doubt that it can happen before the halving. Quote from: https://www.bitcoinclock.com/
Block Halving ETA: 365 days, 5 hours, 14 minutes
Date ETA: May 20, 2020
Date ETA: May 20, 2020
The clock moves fast, time goes on and less than a year for BTC, what do you think of the effect on the total amount and therefore the price? Will we see in a year or two astronomical numbers like $ 100,000?
Quote from: https://www.bitcoinclock.com/
Block Halving ETA: 365 days, 5 hours, 14 minutes
Date ETA: May 20, 2020
Date ETA: May 20, 2020
We cannot predict the actual price but it will not be lower than $20,000, in fact before the halving we can still see the price of Bitcoin going to $20k, because there's a lot of good news going around the cryptocurrency, plus we are almost half of the $20k before the second quarter.
From what I know, there's still one year and 2 days.
However, the FOMO may or may not hit. The relationship between a new ATH and halving is not that "strict". For now it looks good. The recovery to 7500-8000, although logical and much needed, came rather suddenly and fast. If it goes in this kind of steps, in 2-3 such jumps we'll see Bitcoin well over 17k
Quote from: https://www.bitcoinblockhalf.com/
Reward-Drop ETA date: 23 May 2020 00:25:18
However, the FOMO may or may not hit. The relationship between a new ATH and halving is not that "strict". For now it looks good. The recovery to 7500-8000, although logical and much needed, came rather suddenly and fast. If it goes in this kind of steps, in 2-3 such jumps we'll see Bitcoin well over 17k
I don't think the price will increase dramatically. We need more fresh blood to pump, which is very difficult, considering so many altcoins in this ecosystem. Also, perhaps the halving effect already priced in 2017 bull run.
I hope I'm wrong though
I hope I'm wrong though
Halving will surely make Bitcoin soar high and better.
It could possibly reach the best value but it might only go less than $100,000. There will surely be a conflict on its supply and demand if Bitcoin would reach that high but it's possible in time. Halving could push Bitcoin to it's best value this year.
It could possibly reach the best value but it might only go less than $100,000. There will surely be a conflict on its supply and demand if Bitcoin would reach that high but it's possible in time. Halving could push Bitcoin to it's best value this year.
Wouldn't put my hopes up for such figures just yet, but perhaps it could set us on a good base price (say, $20000) before getting on the big pushes. That's still a conservative guesstimate but we all know how propped the market is right now and know so well that with all the hype and fame bitcoin is getting lately, it's not impossible for the FOMO to go crazy. Add to that the growing economic tensions between different countries where one is forced to give up their local currency and the only avenue is bitcoin (hint: China lol).
I am sure the coming halving will have an upward pressure for bitcoin but as you said we should not be expecting too much as things do eventually wind down according to the supply and demand. In terms of providing excitement and buzz, am sure the halving can generate that for bitcoin and sometimes those are just what we need for bitcoin to jump higher. Right now, there is the prevailing positive sentiment and if this can hold until the end of the year things can get rosy as we enter 2020.
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