New ATH after halving? - page 3. | Bitcointalksearch.org

onrise

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Quote from: DonFacundo on May 02, 2020, 09:23:56 AM

As you can see the price of bitcoin is already increasing while we are in pandemic so possible bitcoin could hit $10,000 after the halving.

The price is really not swinging much though we had send some rise lately in btc and this would happen considering halving in coming time. Hopefully the price continues to rise upwards slowly and steadily so that the fall does be the major one and this could help btc be in a certain range. Hoping the price to rebound to 10k levels in coming time.

ballerin and giroud

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

Technically bitcoin could increase to $10.000 because now it has a support around $8800 which I think that is very close to $10.000. Also if we use trend line in time frame 1 day $10.000 is really possible to be reached. But we haven't reach it yet, bitcoin's price is more volatile right now. Hopefully it can be reached before halving event happened and I will believe it since bitcoin's price has increased in a few days ago even when this pandemic still spreading in most countries.

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

yeah hopefully history can be repeated again this year, but it is not easy for now, many people already have Bitcoin and there must be more demand, we all know that Bitcoin has 21 million only, and there are still people who save in large amounts, price manipulation can happen at any time

CryptopreneurBrainboss

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Quote from: freedomgo on May 05, 2020, 04:59:46 AM

Quote from: CryptopreneurBrainboss on May 05, 2020, 04:28:37 AM

I don't see a FOMO yet, what we saw that the market is already bullish for me there's no FOMO yet.
We haven't even crossed $10,000 and people have a big expectation on the coming halving, I guess we will not achieve the success in the past this time around.

When the market is bullish what happens next? those that weren't fortunate to buy before the bull market or that procrastinated, FOMO into the market to benefit from the profit. So technically when there's a bull market, you'll see FOMO which also contribute to the price skyrocketing. Since you acknowledge that people are "having high expectations for the coming halving" which will obviously result to them buying into bitcoin, it simply means FOMO.

FOMO can easily be identifed when there's an abnormal spike in price of any tradable asset/commodity. Can't be certain but I think bitcoin experience something similar with it's $1000 price gain few days ago.

Oasisman

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Quote from: freedomgo on May 05, 2020, 04:59:46 AM

Quote from: CryptopreneurBrainboss on May 05, 2020, 04:28:37 AM

Now regarding the new all time high of 2020, the market still has some potential in it, the FOMO isn't over yet, I have early suggested that the price is likely going to touch the price range of $11k - $12k and I'm still standing on my early predictions. For now, we just have to get enough support to breakdown that resistance level at $9500 and we'll be on another wave of upward price movement until another resistant level is met.

I don't see a FOMO yet, what we saw that the market is already bullish for me there's no FOMO yet.
We haven't even crossed $10,000 and people have a big expectation on the coming halving, I guess we will not achieve the success in the past this time around.

Too early to judge the market by just looking at the current global crisis as one of the biggest factor that could disappoint a lot of optimistic investors in crypto space.
Remember, the past halving bulls happened after almost a year. We still have a lot of time to wait for the next Bitcoin move. We haven't even reached the 630,000 block yet.
The 2017 ATH wasn't even expected by a the vast majority.

suzanne5223

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Quote from: TheEconomists on May 05, 2020, 05:20:26 AM

Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

We may not be able to compared the halving of 2016 to this year because one, the global demand for Bitcoin as of this year cannot in any way be compared to that 2016 where there are so many ICO's project all over and the year with a global pandemic pushing the global market on a downward trend. One can't roll out a new ATH because anything can happen at any time in this market.

Anything can happen in crypto market but if the market didnt experience surge in price that mean the block halving failed because halving was a strategy created for inflation control in bitcoin market. Although, the bullrun may not be enough as expected but the market will certainly experience bull run when the time is right.

TheEconomists

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

We may not be able to compared the halving of 2016 to this year because one, the global demand for Bitcoin as of this year cannot in any way be compared to that 2016 where there are so many ICO's project all over and the year with a global pandemic pushing the global market on a downward trend. One can't roll out a new ATH because anything can happen at any time in this market.

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Quote from: CryptopreneurBrainboss on May 05, 2020, 04:28:37 AM

Now regarding the new all time high of 2020, the market still has some potential in it, the FOMO isn't over yet, I have early suggested that the price is likely going to touch the price range of $11k - $12k and I'm still standing on my early predictions. For now, we just have to get enough support to breakdown that resistance level at $9500 and we'll be on another wave of upward price movement until another resistant level is met.

I don't see a FOMO yet, what we saw that the market is already bullish for me there's no FOMO yet.
We haven't even crossed $10,000 and people have a big expectation on the coming halving, I guess we will not achieve the success in the past this time around.

CryptopreneurBrainboss

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

If by new all time high (ATH), you're judging based on the last all time high of approximately $19,500 in 2017 then I don't think we should be that optimistic at the moment considering there are many factors against bitcoin currently most especially the pandemic causing fear all over the world. The last time bitcoin skyrocketed that high it did have some support especially as new money were flowing into the industry from institutional Investors and the average investors interested in the mouthwatering profit the industry was delivery due to the ICO era.

Now regarding the new all time high of 2020, the market still has some potential in it, the FOMO isn't over yet, I have early suggested that the price is likely going to touch the price range of $11k - $12k and I'm still standing on my early predictions. For now, we just have to get enough support to breakdown that resistance level at $9500 and we'll be on another wave of upward price movement until another resistant level is met.

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Quote from: CryptoYar on May 02, 2020, 03:47:59 PM

Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

I don't think so because the virus has ruined the economy of the whole world. Yes if it was not Pandemic then it could have been. I think the reason for not going down bitcoin is the legalization of bitcoin in India, Otherwise, the price of bitcoin could also go down.
Bitcoin can achieve 10000 very soon after Pandemic is over

I'm also expecting that also since the virus hits so hard the countries around the world for now there are so many jobless people and businesses are still closed so provably there are people are just holding up their money for their own welfare and investments are not their main plan yet for now so we should expect that we might not see the same halving effect before and let's settle for less since this is the effect of the current global upset.

Kong Hey Pakboy

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

A lot of people are really expecting for bitcoin halving will happen this year of 2020, and i saw some article about it that they are expecting bitcoin halving will occur in May 18, 2020.

Quote

The next bitcoin halving is expected to occur in the week commencing 18 May 2020, when the number of blocks hits 630,000. It will see the block reward fall from 12.5 to 6.25 bitcoins. The exact date of the halving is not yet known as the time taken to generate new blocks varies, with the network averaging one block every ten minutes.

Source:

Code:

https://www.ig.com/en/bitcoin-btc/bitcoin-halving

As the article says, the exact date is not yet known but they truly believe that halving will occur in May. I also think the new ATH will come after halving because a lot of people will be waiting for bitcoin to reach $20,000 again because they really wanted to experience it again, even it takes a while.

CryptoYar

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

I don't think so because the virus has ruined the economy of the whole world. Yes if it was not Pandemic then it could have been. I think the reason for not going down bitcoin is the legalization of bitcoin in India, Otherwise, the price of bitcoin could also go down.
Bitcoin can achieve 10000 very soon after Pandemic is over

ballerin and giroud

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

There are several prediction which stated that bitcoin will touch $10.000 before halving event. In this situation, when bitcoin price is always up day by day I think that reasonable price to be reached. We will see bitcoin price touch it, I'm sure with that. Also there are some prediction as well that this pandemic is help bitcoin alwasy up. Can you imagine with a lot of people just stay at home and they didn't do anything whilst they need money to meet daily life they will find another solution to resolve it and I think they choose bitcoin as a solution.

DonFacundo

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As you can see the price of bitcoin is already increasing while we are in pandemic so possible bitcoin could hit $10,000 after the halving.

whyrqa

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Quote from: adaseb on May 02, 2020, 12:26:56 AM

Yes we might get a new ATH after the halving however it might not be anytime soon. I don't think we will hit ATH anywhere in 2020, there is just too much depression out in the markets and the world. We might get close to $10K or maybe even a little higher around the halving but I don't think we will get a parabolic rally to a new ATH anytime soon.

I read a report about a vaccine and the earliest if there is progress is sometime in 2021, and life and economy won't be back to normal until then. So sure we had a bearish March and Bullish April, however there is almost another year to go and its difficult to predict where we will be then. Hence lets not get too ahead of ourselves.

After 2017, it became very difficult to predict anything on the cryptocurrency market in general, and therefore any forecasts may be erroneous. and especially considering the fact that the impact of quarantine and isolation of most countries on their economies will still make itself felt in the future. One way or another, the virus caused irreparable damage to the financial condition of each person, and not just business, and we will fix the problems for a long time to come. But since the virus will really affect the world order, I have an assumption that people will look at the cryptocurrency in a new and serious way, and this will be a turning point for the entire cryptocurrency market. since the economy is in poor condition, we cannot avoid inflation, which the government, as always, will use for its own good, and therefore it is Bitcoin that could save the situation for everyone.

adaseb

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Yes we might get a new ATH after the halving however it might not be anytime soon. I don't think we will hit ATH anywhere in 2020, there is just too much depression out in the markets and the world. We might get close to $10K or maybe even a little higher around the halving but I don't think we will get a parabolic rally to a new ATH anytime soon.

I read a report about a vaccine and the earliest if there is progress is sometime in 2021, and life and economy won't be back to normal until then. So sure we had a bearish March and Bullish April, however there is almost another year to go and its difficult to predict where we will be then. Hence lets not get too ahead of ourselves.

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

All will always depend to the big investors if they are going to push forward the bitcoin price because if they are going to do it then there is a big chance that we can hit a new ATH again after the halving. If we will be below 10k$ once the bitcoin halving occurs then the possibility to shift the season to bull is 50/50 because it's either a big pump after the halving or a big dump.

But let's just hope that we can shift to bull season after the halving so we can expect a big pump and for the new ATH to occur, this halving is very important knowing that we are facing a pandemic right now.

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Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

What do you think? Will we see 10000 above within this week and new ATH soon?

I am not thinking of a $10,000 but it seems bitcoin has been bullish lately, it pumped to over $9k already, and just a little pump it could reach to $10,000 before the halving. It's going to happen soon, maybe more or less a week and that makes people excited, so the hype is still here.

Although I am not sure what's gonna happen in post halving but what we are seeing now is more important, and we will just watch and see of the future.
At least we got to see some pump right now despite the fact that there is a global crisis.

mahilchii

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Quote from: Little Mouse on April 30, 2020, 09:39:21 PM

Quote from: buwaytress on April 30, 2020, 04:15:52 AM

but maybe halving is too psychologically difficult to resist.

Everywhere in crypto community, newbie to older members are talking about halving and its affect on price pump. Such a trend can easily create a FOMO you know. I have seen some buying pressure on my local crypto group too.

Sometimes FUDs too can increase the price and we have experienced it in several occasions, halving is like a bonus on crypto market that's the reason this topic occurs most of the times. The thing is it's a kind of excitement that people expect only pump in halving because in the last two halvings we have only seen a positive response, similarly people want to know the current halving price and everyone just give their opinion that's it..

Oceat

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Quote from: jhonjhon on May 01, 2020, 05:35:11 PM

Quote from: Little Mouse on April 29, 2020, 09:50:30 PM

Before 2016 halving, the price went up a total of 50% and this time, when btc is getting closed to the halving, we saw this sudden price pump. During 2016, there was a little uncertainty from China, while we have now the pandemic. What do you think? Will we see 10000 above within this week and new ATH soon?

The stability status of the market makes no way to think that it will really be happening again.
2016 never holds anything, the market change all the time and we bond to that change. Bullish ain't gonna happening before halving or even days/weeks after but it was mostly be seeing almost a year after the event. But then, we can't expect that it goes like that all the way because changes come all the time and a lot of factors that could affect it.

You were right since the market is open and too volatile there's always the uncertainty whether Bitcoin could pass even at $10,000 within this week but I think it wouldn't touch $10k this week since after Bitcoin touched $9k it just suddenly goes down to $8k again. Just don't expect a bullish market after the halving because that's not how the market goes.

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