Topic: My first experience of Bitcoin halving, I'm excited. (Read 788 times)
Yeah.. this is the first halving for me as well. I started collecting cryptocurrencies almost three and half years ago, i.e just a few months after the second block reward halving of 2016. Looking back, it seems like a long long time. I am also quite excited, not just about the Bitcoin block reward halving, but also about the BCH block reward halving as well. Some 5% of my portfolio is made up of BCH. For BCH the event is already over, and I expect the spike to begin anytime now.
My question is what price do you predict Bitcoin to be after this Halving and also I would like to get more details as regard to the Halving event. Does it have a venue?
I think you're getting way too excited about the halving, which, even if we didn't have the coronavirus outbreak clouding things this time around, wouldn't have people blowing kazoos whilst they threw ticker tape out windows in celebration. Halvings just don't produce those kind of celebrations even in the best of time.I'm guessing bitcoin will be in the $7-8k range at the time of the halving, and I'm not expecting any huge gains this time around. There's too much economic uncertainty and a lot of people have sold off investments (stocks, metals, bitcoin, and whatever else) to free up cash in order to weather the storm the virus has caused. There are a ton of people who are still out of work and don't know when they'll be returning to their jobs, if at all. All that's put a huge damper on investment.
But we'll see. I tend to be surprised at what the market does--usually after I've made a prediction (lol).
With the current situation of.the market and also all over the world is experiencing covid pandemic i dont think the third halving will give a good price to bitcoin as this pandemic will not end.
I think that under current circumstances around the world, due to the coronavirus pandemic, it will be difficult to track the real impact of Bitcoin halving on the entire cryptocurrency market. If we talk about halving in 2016, then we observed an increase in prices for Bitcoin and for the entire cryptocurrency, not only until the end of 2016, but the whole of 2017 was quite effective. but it is also necessary to take into account the fact that such an influence on the cryptocurrency market could provoke not only halving, but also a really increased demand for cryptocurrency and increased investment in new projects.
I see that so many holders are waiting for a halving and a rise in the price of bitcoin in order to sell it (and make a profit). It seems to me that such moods and a strategy of behavior will greatly interfere with the growth of bitcoin - because if many people want to sell it at a good price, then it will not hold on.
Of course people would really have that kind of mindset on selling out for profit and this is what are the primary goals of each people who do jumped in here on crypto space excluding to those people who do still tend to hold after how many years because they do know on whats the potential bitcoin price in the future but all in all lots do really expect for something and halving event is one of the things where people are expecting into yet we have seen on how it did affect the market on past 2 halvings so they do presume that they would see the same thing on the upcoming one but to be honest im not really that expecting much for this year but im sure that there would be a significant impact but only on a gradual phase.I do not see anything good in it. I am not against speculating with any asset, but if the main property of an asset is only the ability to speculate with it, then this is a weak asset. I think the bitcoin community should consist of more ideological people than just speculators.
Those group of folks who give further speculations are the main investors of bitcoin who've been part of it. For such a long period of time they've been holding huge amount of bitcoin which took long term to grow. Halving isnt the most ideal reasons to pursue that goals now, but I believed that demand also played an important role here.
I see that so many holders are waiting for a halving and a rise in the price of bitcoin in order to sell it (and make a profit). It seems to me that such moods and a strategy of behavior will greatly interfere with the growth of bitcoin - because if many people want to sell it at a good price, then it will not hold on.
Of course people would really have that kind of mindset on selling out for profit and this is what are the primary goals of each people who do jumped in here on crypto space excluding to those people who do still tend to hold after how many years because they do know on whats the potential bitcoin price in the future but all in all lots do really expect for something and halving event is one of the things where people are expecting into yet we have seen on how it did affect the market on past 2 halvings so they do presume that they would see the same thing on the upcoming one but to be honest im not really that expecting much for this year but im sure that there would be a significant impact but only on a gradual phase.I do not see anything good in it. I am not against speculating with any asset, but if the main property of an asset is only the ability to speculate with it, then this is a weak asset. I think the bitcoin community should consist of more ideological people than just speculators.
This is going to be my first halving with bitcoin and I know the pump may not come as easy as we think because bitcoin will need a time for that. The halving on history is good, many people are really lucky to experience that but now in our time halving is coming, i can’t think for any strategy but to buy bitcoin.
If you think bitcoin will not rise, you should wait til bitcoin will drop again. buying opportunity was the time it dump below $5000, now we are in a stable price, this could either pump or dump but based on what I noticed, the resistance now allowing bitcoin to pump, and today bitcoin was once again drop below $7K, and it seems like it's just moving at a certain price range, so maybe we can call it as the stable price range for now.
Maybe you are excited because you've thought about a bullish market as what the previous halves but we are still of something out for it and truly we can't deny that we are still struggling hard for the recovery after a surprise fall when coronavirus hit the global market. A few days left before halving and eventually, the market can't make it, really.
Maybe we have to forget that excitement and the halving because the market will move differently as what it did in the previous halving.
Maybe we have to forget that excitement and the halving because the market will move differently as what it did in the previous halving.
snip**
I didn't expect much at Halving this time, whatever the price of Bitcoin after halving, I will still HODL some of my BTC, until I find the right price and right for me to sellyou might be able to follow my thoughts
This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans 
I see that so many holders are waiting for a halving and a rise in the price of bitcoin in order to sell it (and make a profit). It seems to me that such moods and a strategy of behavior will greatly interfere with the growth of bitcoin - because if many people want to sell it at a good price, then it will not hold on.
This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans
I see that so many holders are waiting for a halving and a rise in the price of bitcoin in order to sell it (and make a profit). It seems to me that such moods and a strategy of behavior will greatly interfere with the growth of bitcoin - because if many people want to sell it at a good price, then it will not hold on.
When we are talking about increases many people forget that the higher you go the harder it gets to go up because every 1% requires a bit more money. So, moving from 1k to 2k is a 100% increase but doesn't require all that much money compared to moving from 9k to 10k because that requires a lot more money to go up (when you buy 1 bitcoin you are spending 9k this way compared to 1k) and that is a bit over 10% increase.
So, the big huge increases are not really all that possible anymore. I am not talking about going to 20k, hell not even 50k, but I am talking about people who are expecting to go to a million dollars are only kidding themselves, there is no way we can ever go to a price like that anytime soon, that is something that could happen over course of decades only.
So, the big huge increases are not really all that possible anymore. I am not talking about going to 20k, hell not even 50k, but I am talking about people who are expecting to go to a million dollars are only kidding themselves, there is no way we can ever go to a price like that anytime soon, that is something that could happen over course of decades only.
It's huge, but it's achievable! Bitcoin proved itself I believe, and that huge difference you talk about can be presented in dollars. We never had a trillion-dollar market cap, but that will happen eventually, and then we can go to 2 trillion and later to 3 trillion market cap and when that happens Bitcoin price will be high, and many other alt-coins will have a higher price. Bitcoin itself will have a trillion-dollar market cap, and when we add more altcoins total crypto market cap will be even higher.
snip**
I didn't expect much at Halving this time, whatever the price of Bitcoin after halving, I will still HODL some of my BTC, until I find the right price and right for me to sellyou might be able to follow my thoughts
When we are talking about increases many people forget that the higher you go the harder it gets to go up because every 1% requires a bit more money. So, moving from 1k to 2k is a 100% increase but doesn't require all that much money compared to moving from 9k to 10k because that requires a lot more money to go up (when you buy 1 bitcoin you are spending 9k this way compared to 1k) and that is a bit over 10% increase.
So, the big huge increases are not really all that possible anymore. I am not talking about going to 20k, hell not even 50k, but I am talking about people who are expecting to go to a million dollars are only kidding themselves, there is no way we can ever go to a price like that anytime soon, that is something that could happen over course of decades only.
So, the big huge increases are not really all that possible anymore. I am not talking about going to 20k, hell not even 50k, but I am talking about people who are expecting to go to a million dollars are only kidding themselves, there is no way we can ever go to a price like that anytime soon, that is something that could happen over course of decades only.
Third Halving[/b]
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..
Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..
Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.
This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans
Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.
I'm not removing the possibilities that this can happen this year although the chances of it to happen is near zero. Take note that anything can happen in unexpected times
. We didn't expect that Bitcoin will pump from $1,000 to near $20,000 in just one year. This is impossible yes but lets not forget it . The more likely to happen is that Bitcoin will just go to 5 digit price again this year with some are predicting of around $11-12k in the end of the year. They are not that optimistic this time because of the global pandemic that affected its price and probably the prediction of some people. My prediction is that $14-15k in the end of the year .Does it have a venue?
None but can I consider my computer as the venue since I'm accessing my Bitcoins thru my computer. I am sure many people have the same thing as you, especially if they know cryptocurrency after 2017-2018. Yeah, it feels excited to wait for the halving time because we want to know how the higher bitcoin price will increase after the halving time. But maybe we need to calm down and not expect the price will skyrocket as soon as the halving moment happens because the price will increase after a month or so. You need to prepare yourself by having much bitcoin from now on before the price start to grow.
That is why it is important for the holders to anticipate what might happen in the future even with the current circumstances. The corona virus have greatly affected the standing of Bitcoin, making the price of the coin lower than what most people expected as the time of halving comes closer. We should be careful when considering to sell Bitcoin in the present because, it could be a huge loss when things have settled and halving comes into effect. This coming months for me, would be the game changer for this bearish market, hold Bitcoin before it is too late! 
I was around for the 2016 halving, when the event passed it was pretty awesome watching the blockexplorer printer a new block which only had 12.5BTC as the miner reward. I think in some areas of the world there was tons of bitcoin halving parties. And this was in 2016 before the crazy FOMO of 2017.
I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.
I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.
I heard about those bitcoin halving parties, yeah, but I don't think they were really as big as people were thinking. I mean, even Coinfest and stuff like that is really at most thousands of people (but that's a lot!). It really FOMO'd in 2017, all those parties and cruises and Lambos driving around.
I mentioned the post about 1st halving here: https://bitcointalksearch.org/topic/m.54188020
Maybe we should have a remote halving party eh?
@btc_angela: fingers crossed, but if it doesn't happen, more time to accumulate sub-10k right?
Third Halving[/b]
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..
Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..
Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.
This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans
I was around for the 2016 halving, when the event passed it was pretty awesome watching the blockexplorer printer a new block which only had 12.5BTC as the miner reward. I think in some areas of the world there was tons of bitcoin halving parties. And this was in 2016 before the crazy FOMO of 2017.
I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.
I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.
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