Morgan Creek is Against The BTC Halving Popular Opinion. What do You think - page 2.

SabrinaBianka

member

Activity: 633

Merit: 11

Quote from: nanaimogold on December 02, 2019, 06:59:57 PM

⁠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

Of course, Because its only base on data history of bitcoin. That is not reality, No one can predict the situation of bitcoin. What if its more than that expected or less than that we expected. I am right? If not its not predictable. Its like lovelife that you cannot predict what will happen to their relationship. Basic!

Aabcde

sr. member

Activity: 1050

Merit: 256

Personally I'm very sure that the price of bitcoin will surge after halving, but I don't know exactly when.
In my opinion, Morgan said that because maybe he wanted to fill his bag first before bitcoin was halving and the price skyrocketed. We need to know that smart miners will not sell cheap bitcoin after halving because of the reward they get decreases. So I am very sure bitcoin will surge like last 2017 or maybe can surpass it.

Furryball

member

Activity: 490

Merit: 19

If people or whales decide to keep their bitcoin after halving the price will surely increase, maybe morgan don't know or understand what halving actually is? it will cause more scarcity and price won't be the same again

o48o

legendary

Activity: 2884

Merit: 1137

Leading Crypto Sports Betting & Casino Platform

Quote from: nanaimogold on December 02, 2019, 06:59:57 PM

⁠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

Maybe that's because everyone else in Morgan Creek are throwing let's just say "less conservative" numbers

. There's bound to be at least one who disagrees when everyone else is fomoing.

I have to admit that the fomo is troubling me as bitcoin has never acted like people have wanted it to act.

By the way why this topic is on altcoin section? Please move it.

rez303

member

Activity: 338

Merit: 10

StartFi

Quote from: nanaimogold on December 02, 2019, 06:59:57 PM

⁠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

Halving is not, in fact, a miraculous mechanism that increases the value of an asset, it often relies more on supply and demand. But now I disagree with Morgan Creek, what he's doing is just trying to get people psychologically shaken and doesn't want to buy a lot of bitcoins anymore. But that's just his haphazard prediction because the previous three halving of bitcoin's price has all grown very well.

mR.k0fka

member

Activity: 210

Merit: 10

it probably wont affect it on the exact date of the halving, but it definetely is going to affect the price in 2 ways
1) psychologically
2) the supply will be lower , demand probably will stay the same or grow until then...

huu78

sr. member

Activity: 1204

Merit: 253

Undeads.com - P2E Runner Game

I just agree with her argument to halve the prizes given in the campaign. But could not allow all to follow it because many people are in need of money. But it can not be denied the price drop because many of the airdrops prizes that when the distribution surely there is an excessive price drop because many people who do want money not only hold a project.

ecnalubma

sr. member

Activity: 1526

Merit: 420

Thats their plain opinion however lets see how the market will react after that event. The price actions could still be inevitable because we might not know the next move of spectators, a lot of people will still buy it specially if people talks about it and heard the news. We may have different opinions but its up to the market in the end.

shinratensei_

legendary

Activity: 3136

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

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 think that guy has learned from another coin.
FOMO before halving looks real but that guy is saying about the result after halving. FOMO occurs when there was a lot of rumors around the market.
I can see the point what he was talking about. People will start to buy before halving and then sell after halving will have done

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

The people who expect the price to go up at literally anything that happens to bitcoin is for sure overly optimistic anyway. The halving is already proposed from the day bitcoin was born and it's not a surprise. The total supply will remain the same and capped at 21 million and people shouldn't expect anything big to happen. Even I really doubt that it will do anything to bitcoin price even the slightest because halving should actually become a norm in the crypto community but people keep on discussing this. Heck, even burning coin that has done by some of the altcoins out there did nothing nowadays but it's a piece of big news like mass adoption or such that affect so much.

tsaroz

legendary

Activity: 2982

Merit: 1069

★Bitvest.io★ Play Plinko or Invest!

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.

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

I also agree. I've been around for the last halving and from what I remember, nothing much happened and it was actually what happened in the ensuing months that was significant and was likely still tied to the halving, though, and I don't think many people actually expect the exact date of the halving or the days/weeks around it to be when the real action starts to happen, though it'll probably kick in soon enough afterwards. You also have to remember that history doesn't always repeat itself like you would expect, though, and I'm certainly ready for a case where the price doesn't significantly move upwards even a few months after the halving kicks in. Could certainly be a possibility considering a lot of people seem to be banking on it now and Bitcoin likes to screw over the majority.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: nanaimogold on December 02, 2019, 06:59:57 PM

⁠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

i think at this point so many people are saying that the halving WILL effect price positively, that now we have others that just wanna bet against the herd or w.e : /
people should have locked in their predictions months ago, its too late to start now imo Tongue

If we go with theory, it should go up, but who knows how many people are going to stay in profiting taking (sell mode) thru 2020, that could keep it down easily too
institutional money is in now, they make killings off just a few % up and down thru the months. Time will tell!

nanaimogold

sr. member

Activity: 661

Merit: 251

⁠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

Topic: Morgan Creek is Against The BTC Halving Popular Opinion. What do You think - page 2. (Read 231 times)