Topic: Let's start travelling to Stars; Moon is no more a target! - page 2. (Read 268 times)

Given that 99% will be reached by 2032, that 1% is quite irrelevant to the total amount that will then be in circulation. While we can't be sure how much of the BTC has actually been irretrievably lost, various speculations are talking about 2-4 million of coins, which means that the total supply will certainly be less than 21 million.


Optimism isn’t a bad thing, but you should need to be realistic about some things - the new ATH in 15 days is still too much even for BTC if we’re talking about a price that should reach $20k. There’s always sales pressure when the price goes up, because don’t forget that some invested in BTC just 2 months ago when the price was only $5000, and briefly even lower. 100% of the profits don’t seem bad at all from that perspective.

Still so much fear in the market right now. Many people expected that after having btc price could be dump hard but it's still keep increasing and today its almost touch again 10k (very close). But the way btc price is moving is good and looks it can be break its all time high in 2020 too. More people aware and adoption makes it possible. And I am preety sure about it that if that corona panadamic is not come then btc price is near trading 15k. Well moon is not too far as much as concern btc price.

Can we ever get to the stars buddy it's too far. Although you made a great point but expecting bitcoin to get bullish just a few days after the halving is very early. We have to point at Next year 2021 just like 2016 halving and 2017 bullish run.

We started seeing bullishness days before halvening, but from a certain point of view it wasn't bullishness at all, merely a recovery to the same level that was seen earlier this year, before covid-19 crashed it all to the ground. We also had even more bullish periods 1 year ago.

Basically, the market is already different from past halvenings, it doesn't follow the same pattern as before, so even if we'll have a huge bull run soon, it will still be in some ways different - it could be faster, more volatile, etc. We could also be trading sideways, which happened a lot recently.

Of course, it’s very early to draw conclusions about the movement of bitcoin towards the bull market on the basis of observing its price for several days after halving the reward to miners. Not only this factor is affecting the price of bitcoin now. We are also on the verge of the onset of the global economic crisis, and this can also now affect the current increase in the price of bitcoin.
To evaluate the effect of a decrease in rewards to miners on the price of bitcoin, more time is needed. Moreover, the first few months must be evaluated in terms of the possibility of a drop in the price of bitcoin.

It's still too early to make any conclusions.
We've had similar situations hunders of times do far. Price strted to rise for a while and then pulled back. And remember that not every price rise is considered to be bull run. It's too early to.estimate real effect of halving and to say how the price will behave.
So many times there were such euphoric posts about moon and stars and in a few days when price falls, posts about Bitcoin being dead start again. That repeat over and over again and it really starts to be annoying.

Just within 2 days after the halving, it seems bulls are back into action unlike what we had in 2016 and I guess this might be the simple signal we must read about how stronger bulls may turn this time around. There are 2 backing reasons for expecting bulls to go more harder than ever.

1. For the first time in 10+ years of bitcoin history, block rewards are now less than 10 bitcoins. I mean block-rewards are no more an attractive criteria for any new businessman to get into mining business. They may simply opt for buying bitcoins rather than thinking about setting up a new mining industry. Same applicable for those cooperates who are already into mining process; we may assume like they may not re-invest more in expanding their mining plants but they may focus on saving bitcoins.

2. In less than 11 years, around 88% of total bitcoin supply were mined out and only ~12% of total bitcoins are remaining to be mined but it may take another ~120 years to complete.

If you closely notice, both of my points are saying same thing; we are going to start experiencing the actual inflationary property of bitcoins here after. Do not be surprised if you happen to see a new ATH before end of this month.

If there are less IQed whales like MTGOX treasurer who still look for cashing out their stash around $10k then we may face some delay but nothing may stop bitcoin to have new ATH in coming months. Bitcoin is going to break all its previous traditions like having new ATH around Christmas/New year, it is time for newer things for everything. Get ready for travelling to stars .