Topic: Morgan Creek is Against The BTC Halving Popular Opinion. What do You think (Read 230 times)
December 08, 2019, 05:10:12 PM
If Jason Williams says he thinks bitcoin halving will not affect its price come next year, he probably has his reasons for that. However, it all depends on general market perception; if many think the halving will cause a market uptrend definitely it should have a positive impact on the market. For the past years, bitcoin halving has been a catalyst to the market and hence everyone expects history to repeat itself.
December 08, 2019, 04:59:15 PM
J agree with this sentiment. The only way it could affect the price is so that nibers would stay profitable, but then again miners are interested in selling. Aside of market manipulation, I don't see a good way of the price rising. I doubt that demand would rise much to more the price enough. The lower selling pressure for miners might have a positive effect but nowadays most miners know better than to liquidate on spot anyway.
December 08, 2019, 04:55:32 PM
Its better to be ready for both side ways, either good or bad can happen, the next halving might not be effective on bitcoin price because the last one doesn't until few months later
You are right. The movement of bitcoin after halving can be either ways. Perhaps will take more shape then as regards to market sentiments. I rather fold my arms and watch. Instead of investing in a gamble
December 05, 2019, 07:01:27 PM
How can Morgan explained the previous Halving event which affected the price of bitcoin? Since the reward will going to be divide again, the supply is affected thus making the bitcoin's price to surge. I won't judge him for speculating it, maybe he has his own reasons to say that. This is going to be interesting. If after bitcoin halving and the price will not be affected then let's see about that.
December 05, 2019, 04:36:30 PM
He may be right but we have to see the larger perspective and be realistic. If you have a closer look at all previous halvings the price of btc does not simply explode the next day of halving mostly it has took 6 months to 18 months for real parabolic growth so i think this statement does not really make sense it is just a try to create panic and dump to buy themselve more btc cheaper.
December 05, 2019, 04:28:08 PM
Haha, what a joke. How this person could say such garbage.
Lets think about it, miners will receive less reward in BTC for every mined block, if the BTC price will not go up, some of them leave because it will be unprofitable for them to mine BTC, but we know, that we need miners and more miners mean more secure network. So it should be obvious that price will go up to attract miners and keep network safe.
Lets think about it, miners will receive less reward in BTC for every mined block, if the BTC price will not go up, some of them leave because it will be unprofitable for them to mine BTC, but we know, that we need miners and more miners mean more secure network. So it should be obvious that price will go up to attract miners and keep network safe.
December 05, 2019, 04:10:28 PM
I think we should be ready for any outcome.
Litecoin showed an impressive growth around halving even in a bearish market, so we can safely assume there would be a strong force bringing it up but again large whales too would be active to earn for themselves by fooling general traders. That may be a strategy to bring the price down during the halving.
Litecoin showed an impressive growth around halving even in a bearish market, so we can safely assume there would be a strong force bringing it up but again large whales too would be active to earn for themselves by fooling general traders. That may be a strategy to bring the price down during the halving.
Lite pins growth wasn't as impressive as expected for me because even a Binance listing can push a cling to over 20 percent. What concerns me more is the sustained increase of the prices of these coins lest it becomes basically a pump and dump coin after all that's what we have been on to for a while now
December 03, 2019, 09:07:40 AM
I believe that crypto market needs a big push and BTC halving together with TON coin launch would deliver that push. When it is not going to happen, we would stay on a falling market for a lot more time.
December 03, 2019, 07:07:11 AM
Well, he is not the only one with such opinion. You could find tons of news regarding people that were saying that halving won't do any difference once we're there. As for the majority has a good opinion about the halving, at least that what people are hoping for to happen.
Whicever it is anything's possible at this point. He might be right or the other way around. You could also find a lot of people's predictions that it will pumped the price quite high after the halving. Let's all hope for the best.
Whicever it is anything's possible at this point. He might be right or the other way around. You could also find a lot of people's predictions that it will pumped the price quite high after the halving. Let's all hope for the best.
December 03, 2019, 06:54:43 AM
that makes sense, as you can see that a few months ago litecoin has been getting halving at august 2019 and you can see the latest chart and litecoin is still facing a very big downtrend right now
https://coinmarketcap.com/currencies/litecoin/
I'm also saying positive speculation before the halving of Litecoin but that's a fact that until now that no sign of pushing up. But on this matter, we can't compare Litecoin to bitcoin. We know on how big the differences they have.https://coinmarketcap.com/currencies/litecoin/
But last time Jason Williams predicted btc to $55,000?
Morgan Creek Digital Co-Founder Predicts Bitcoin is going to $55,000
This is his tweet.
https://twitter.com/JWilliamsFstmed/status/1185890836862722048
I think he don't want people to ride the next bull run.
December 03, 2019, 06:48:55 AM
I accept the fact that a new ATH won't happen exactly after the halving but gradual growth will take place so there is possibility of seeing new growth by 2020 year end
December 03, 2019, 05:00:11 AM
Too many expectation are going on in the crypto industry just because of the ATH last December 2017.
They want it to happen again but it may really not.
My take is bitcoin is just going back to $12k up to $14k. Back to how much it was at mid 2019. That will be better.
I guess they could all stop all this questions or takes about the halving since the price still fluctuated to a good number.
They want it to happen again but it may really not.
My take is bitcoin is just going back to $12k up to $14k. Back to how much it was at mid 2019. That will be better.
I guess they could all stop all this questions or takes about the halving since the price still fluctuated to a good number.
December 03, 2019, 04:52:49 AM
People's opinions differ. Halving bitcoin will arrive soon, let's monitor the price of bitcoin during end of halving and after halving. Up or down is certain, but will it really affect the crypto market especially other altcoins. Before halving people might buy some bitcoin in preparation for halving, this will be the FOMO just before halving bitcoin.
December 03, 2019, 03:21:31 AM
Somewhat agree. previous halvings were significant because the drops in the bitcoin supply inflation annual rate went from 25% to 12% in the first halving, then 8.3% to 4.2% on the second halving. this halving the drop goes from 3.7% to 1.8% on an annual basis. Further, lots of people know about it, so the current price partially already reflects the halvening.
However it's still big. every halving before has triggered a huge hype cycle. this time will be no different, but it won't be as big as before. the market will start pricing this halving in by the Q1 of 2020. In other words the bottom of this bear will be this year and we will see new all time highs by the end of 2020.
However it's still big. every halving before has triggered a huge hype cycle. this time will be no different, but it won't be as big as before. the market will start pricing this halving in by the Q1 of 2020. In other words the bottom of this bear will be this year and we will see new all time highs by the end of 2020.
December 03, 2019, 02:36:00 AM
The last time BTC halved, the price went up a few percent for a couple weeks after it happened, then it dropped a bit and took three months to recover to what it was before the halving. The last time LTC halved, the price held pretty steady for a couple months before spiking up. If mining a single Bitcoin today costs 7200 USD of super computer power and electricuty, it will cost 14200 USD after. So either price increases or hashrate drops to compensate for it.
December 03, 2019, 01:36:07 AM
Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.
"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".
https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
If you are looking for news information like this, you can find a lot of people who said the same thing in Halving 2016, but what they saw in 2017, they cried because they believed in this kind of nonsense, so let's see what will happen. later, I can't say much with evidence that a lot of people today are trying to convince the HODL to throw it away "In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".
https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
December 03, 2019, 01:16:29 AM
Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.
"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".
https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
That's what people believes so lets respect that, each everyone of us have an opinion maybe its favorable or not, But for me personally I agree of Jason williams opinion because i believe also that halving of Bitcoin's Block reward cannot create or dictate any price momentum,since its not been supported any evidences so in short its just a plain speculation. "In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".
https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
December 03, 2019, 01:06:53 AM
Either the price will surge after bitcoin halving or not i think its wise to be prepared for any outcome to avoid disappointment, it is possible that nothing might happen after the halving but i can assure you that it will help since the block reward has been reduced, this means scarcity
December 03, 2019, 01:00:30 AM
There are a lot of people who are just using history to define what the price fluctuation would be.
But who does really know what could happen? That is the future and we could not see thru it. We can just use the past to define what could happen someday.
I don't agree with him and so does the hype that a price pump will happen after the halving. There is possibility there will be no movement at all.
But who does really know what could happen? That is the future and we could not see thru it. We can just use the past to define what could happen someday.
I don't agree with him and so does the hype that a price pump will happen after the halving. There is possibility there will be no movement at all.
December 03, 2019, 12:52:56 AM
Its better to be ready for both side ways, either good or bad can happen, the next halving might not be effective on bitcoin price because the last one doesn't until few months later
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