Topic: Next Bitcoin Halving will drive the price down... (Read 1329 times)
For me, as the halving occurs, it would only mean a decrease in the overall supply of Bitcoin, and if the miners bail it would cause the supply of Bitcoin to be more limited than what it would have to be, this would only mean that the supply of Bitcoin will be reduced massively causing a massive pump. Referring to the law of supply and demand wherein the if the supply would go down, the demand for Bitcoin would certainly increase big. Because, more demand is equals to price hike. Lower supply = higher demand so is the price.
We don't know what will happen after the halving and some are predicting that the value could go up more than $50,000 but some sayings that it might go down below $3,500 and still it is really easy to predict and analyze the market but we don't know the flow of the market.
And all we have to do for now is to accumulate as much as we can.
Those random predictions everywhere just like the Bitcoin going to touch $50k, $100k, $200k, or even $1M are just a wild guesses. We will see that price soon but not after the halving this year because I highly doubt if Bitcoin would even closely touch to $50k. Bitcoin may be down again or will meet the bottom but I don't know what will be bottom price if that's going to happen someday.And all we have to do for now is to accumulate as much as we can.
yes we really can't know what will happen in the future after half of that bitcoin happens, although many people believe market prices will rise sharply so that it follows history in the past, but of course the market price is very wild at any time it could decline again or vice versa
We don't know what will happen after the halving and some are predicting that the value could go up more than $50,000 but some sayings that it might go down below $3,500 and still it is really easy to predict and analyze the market but we don't know the flow of the market.
And all we have to do for now is to accumulate as much as we can.
Those random predictions everywhere just like the Bitcoin going to touch $50k, $100k, $200k, or even $1M are just a wild guesses. We will see that price soon but not after the halving this year because I highly doubt if Bitcoin would even closely touch to $50k. Bitcoin may be down again or will meet the bottom but I don't know what will be bottom price if that's going to happen someday.And all we have to do for now is to accumulate as much as we can.
much even after several halvings.Yes, it do affects miners but i dont see for it to be a valid reason for them to completely stop.There would be a few but not all of them.
They would still consider out to continue since they do know that this business would still make out money even block reward is already cut in half.
prices are already going up even without halving and so it will shoot the moon whenever there is halving and this were proven many times in the past. i couldn't say times had change already but looking into BTC price right now since 2009, it looks like the price had gone up and its not even the ATH yet. the best is yet to come they say.
you know the miners who quits are the ones who loses. its been that way when hashes favors the ones thats left to mine.
you know the miners who quits are the ones who loses. its been that way when hashes favors the ones thats left to mine.
We don't know what will happen after the halving and some are predicting that the value could go up more than $50,000 but some sayings that it might go down below $3,500 and still it is really easy to predict and analyze the market but we don't know the flow of the market.
And all we have to do for now is to accumulate as much as we can.
Well, we can only see this development after halving. however, so far there have been two halvings, and both have had good effects. at this time there will be a third halving, and some people assume that prices will fall. Well, I don't know what underlies them speculate like that, but I quite believe that they also have assets that are being held to wait for the pump because of halving. And all we have to do for now is to accumulate as much as we can.
We don't know what will happen after the halving and some are predicting that the value could go up more than $50,000 but some sayings that it might go down below $3,500 and still it is really easy to predict and analyze the market but we don't know the flow of the market.
And all we have to do for now is to accumulate as much as we can.
Those random predictions everywhere just like the Bitcoin going to touch $50k, $100k, $200k, or even $1M are just a wild guesses. We will see that price soon but not after the halving this year because I highly doubt if Bitcoin would even closely touch to $50k. Bitcoin may be down again or will meet the bottom but I don't know what will be bottom price if that's going to happen someday. And all we have to do for now is to accumulate as much as we can.
We don't know what will happen after the halving and some are predicting that the value could go up more than $50,000 but some sayings that it might go down below $3,500 and still it is really easy to predict and analyze the market but we don't know the flow of the market.
And all we have to do for now is to accumulate as much as we can.
And all we have to do for now is to accumulate as much as we can.
Bitcoin halving is the best time how to make bitcoin back to higher price, we are waiting with halving to bring back bitcoin and altcoin how ever raise with higher price above $16,000 for bitcoin and take to the same moment in this year to make bitcoin really on the top price, we not worry if bitcoin and altcoin have been in higher price because many investment like IEO and ICO back to higher price too.
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
If we see bitcoin price history , in halving time bitcoin rising from last halving arround 30 times, like at last halving the price arround $650 at first halving $12.
I think during halving wencan reach $12k or $24k
Others comparing the price of bitcoin about the previous result in halving. The first and second halving results showed that it is dropped after the halving occurs. So the prediction in the future result of the third time of the next halving will probably the same as the previous result, this is was expected to happen and I think the history will speak regarding the speculations or probably it will never happen. Nevertheless, no one will know what will happen next in the bitcoin price.
There's so much talk about what's going to happen to bitcoin. Others say bitcoin will go down, others say bitcoin will go up, but that's just a guess, and we don't know what's going to happen later. If you can think about what might happen to bitcoin, you're going to be prepared for the two circumstances that will happen to bitcoin. Second, if the price is really down, you're going to make some plan on how to avoid the downward price of bitcoin. Second, if the price is up, you're going to make another tactic on how to make a profit so you can take advantage of the bitcoin.
Short-term dumps used to be near the previous halvings. Trying to take advantage of erring on the side of caution is common for groups of people. Halving is a big event that, if something goes wrong, can cause trouble. It's like changing your car's engine and taking it for the first test ride. Some people will bet on this ride ending in a system failure, even if they know that the swap has been made in a professional way. There's always that doubt about new things if they're going to work.
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
I think because the amount of BTC getting market sold daily by miners gets cut in half, and people who are buying crypto daily remains the same, the price slowly and surely starts going up. Then, media takes notice of this, new people start FOMOing in, more media takes notice causing even more new people FOMOing in, and price begins to rise up and up. Eventually, it culminates to dumb money buying crypto, and price eventually collapses. But, the true believers of Bitcoin never sell, so the price can’t go to deeper than previous low. This is why the Bitcoin price lows are higher in each subsequent four year cycle than the previous one.More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
No one really knows but it should be that way, if there's more investors to comes in and real supporters will keep on holding the value will surely rise up. Numbers of coins that will be mined is much lesser than it's previous, the cycle also helps you to follow the path you just need to go deeper for much better understanding of this industry.
The exact same thing was said about the previous one and no doubt the one before that. It will be said for every one in future until the block reward becomes a trickle.
Compare hash rates to the first one. I think we're just a little bit higher these days.
Compare hash rates to the first one. I think we're just a little bit higher these days.
It has only been 2 halvings. This is not much data to be certain that miner capitulation will not occur on the next one. Also, bitcoin is more regulated today than 4 years ago. It might be harder to pump without the institutional investors' help.
I disgree. The regulators should leave the cryptospace alone. You are a Ripple investor, correct? Would you want the SEC to takedown Ripple XRP because it is an illegal security?
In any case, this might an unliked sentiment, however, we might be trapped in a state of denial.
Psychology of a Market Cycle: Are Bitcoin Investors In Denial?
There exists a schematic depicting the psychology driving the different stages of a market cycle, and it often gets shared in response to the current sentiment in Bitcoin markets.
According to the “Wall Street Cheat Sheet,” investors in the first-ever cryptocurrency could be in denial and will be caught off guard if Bitcoin falls significantly lower from here.
Source https://www.newsbtc.com/2020/01/09/psychology-of-a-market-cycle-are-bitcoin-investors-in-denial/
There won't be a sudden impact, that is where people are wrong. Price is already considering the halving into it already and we are doing all our movements knowing about the halving. I am not talking about the day traders who will trade daily no matter what, I am talking about people who are selling their coins for good (or at least for a while) and people who buy the same way, don't you think those people already know whats going on with bitcoin?
Don't you think they know about the halving already? They know and they do what they do anyway so that means that price as it is right now is halving considered and whatever movement it does is irrelevant to halving. Whenever halving happens the price getting affected takes a long time to actually happen and I am pretty sure it will be the same this time around as well.
Don't you think they know about the halving already? They know and they do what they do anyway so that means that price as it is right now is halving considered and whatever movement it does is irrelevant to halving. Whenever halving happens the price getting affected takes a long time to actually happen and I am pretty sure it will be the same this time around as well.
Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
I think because the amount of BTC getting market sold daily by miners gets cut in half, and people who are buying crypto daily remains the same, the price slowly and surely starts going up. Then, media takes notice of this, new people start FOMOing in, more media takes notice causing even more new people FOMOing in, and price begins to rise up and up. Eventually, it culminates to dumb money buying crypto, and price eventually collapses. But, the true believers of Bitcoin never sell, so the price can’t go to deeper than previous low. This is why the Bitcoin price lows are higher in each subsequent four year cycle than the previous one.More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.
Thoughts?
That's quite the opposite of what everyone is expecting for this upcoming halving, if the price would go down, it would not follow the trend but we have no choice but to accept it and wait for another opportunity that bitcoin will pump, however, you statement IMO will less likely to happen.
I'm on the opposite side and with everyone who thinks this halving will bring a bullish market.
I'm on the opposite side and with everyone who thinks this halving will bring a bullish market.
When there is growth, surely there is down market. This is common with all forms of investments. When it comes to cryptocurrency, the market changes were very big and the same takes place in a much shorter time period. Till date the demand to the reduction in supply by the halving is predicted to cause price pumping. Once after the entire supply is available in the market it is quite hard to predict what happens by the time.
There is always a possibility that you are right but even if the price will go down then it will be the right time to buy more bitcoins because for sure it will increase again just like what is happening now, as we can see bitcoin is slowly increasing but of course lets not be contented on it. There is a lot of possibilities will happen in the future, I am just sure that bitcoin halving will affect the price of bitcoin.
OP's reasoning doesn't make sense. Price is not going to fall due to a halving from less mining reward. Though I wouldn't be surprised if there is a dump after the halving because the halving itself should be a non-event in the market and I think lots of people expect it to be a big event. In reality there is a very delayed hugely positive effect of the halving - likely 2021 will be a huge year for Bitcoin's price gain thanks to the gradual decrease of how much Bitcoin is hitting the market over a long period of time due to the halving. But its not gonna change the market dynamics immediately, but I think a lot of people expect it to, and a lot of attention will be paid to it not causing a positive effect in price in the media, and that will probably cause people to sell after nothing happens from the halving. Then it will recover and keep going up and like a year later we'll all see the huge positive effect of the halving start to take place.
But that is the issue, while the halving itself is not going to make the price to go up immediately that is the expectation that many people have in the forum and when those expectations fail even if they are out of place it could produce a negative effect in the price, I do not think it is likely but to deny the possibility is there will be to deny an scenario that if it were to happen it will take us by surprise, and if there is something I do not like is to be surprised by an event I could foresee. Jump to: