Price of BTC after halving - page 2.

smyslov

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Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

We have a different scenario now, compared to the last two halving, the world's economy is on halt because of the pandemic, people are on a wait and see attitude but they still trust Cryptocurrency to move forward, we'll have dip followed by correction before we headed to another all time high, but that will be months later.

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Quote from: Bezobraznike on May 13, 2020, 11:11:26 AM

Quote from: South Park on May 12, 2020, 11:20:26 AM

Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

I know the expectations are very high now that the halving has been completed successfully but I do not think that anything is going to happen immediately, it is going to take a few months for the market to feel the smaller supply coming from the miners, but even then I do not really see the market conditions for a bull market to take place, but a bear market is also unlikely so I really expect that this particular year is going to have its ups and downs but it is not going to be anything as impressive as what people want to see.

South Park, I think it would be better to say some people have high expectations, but not all of us! Like the
last time, FOMO was at peak as the halving day was closer, but now after halving we have a calm situation. The
price didn't react, but that is normal, for me the best thing is that we had a very high price at the moment of
halving, and that can be a great start for any future rise, and that will come, we just need to be patient.

the mistake that many people made like the previous halving was that they were expecting price to jump up right before the halving and all through the halving.
but this has never been true about any market movements. the rises or falls take place as the news comes out or as the hype shapes up. which was a week or two before the halving and that caused the FOMO and price did go up a lot then had a tiny drop and here we are now.

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Quote from: South Park on May 12, 2020, 11:20:26 AM

Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

I know the expectations are very high now that the halving has been completed successfully but I do not think that anything is going to happen immediately, it is going to take a few months for the market to feel the smaller supply coming from the miners, but even then I do not really see the market conditions for a bull market to take place, but a bear market is also unlikely so I really expect that this particular year is going to have its ups and downs but it is not going to be anything as impressive as what people want to see.

South Park, I think it would be better to say some people have high expectations, but not all of us! Like the
last time, FOMO was at peak as the halving day was closer, but now after halving we have a calm situation. The
price didn't react, but that is normal, for me the best thing is that we had a very high price at the moment of
halving, and that can be a great start for any future rise, and that will come, we just need to be patient.

danherbias07

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IMO, it will be bearish at post halving.
Maybe at its first month.
The hype really is not that much. Well, that is normal since we are busy taking care of ourselves so that we won't be infected by the virus.
After this though will be crucial.
It might sway a lot into different prices. Then, we might see the real correction which will take back BTC to 12k-13k.

justdimin

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I am quite happy that there was nothing technically wrong when the halving happened and that is what I really cared about. Everyone was excited about the fact that we are going to have a lot less bitcoin printed everyday and that is cool because you know there will be less bitcoin in the market being sold and that is awesome etc etc.

However I wasn't really sure if bitcoin coding was still standing nice, I mean maybe this halving would create some issues, create some bugs, maybe some hacker would see something right at the block of the halving and get some etc etc, I am not really smart enough to know what could have happened but it was basically a useless fear like 2000 year scared many people about technological stuff which turned out to be nothing, pretty same I think.

South Park

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Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

I know the expectations are very high now that the halving has been completed successfully but I do not think that anything is going to happen immediately, it is going to take a few months for the market to feel the smaller supply coming from the miners, but even then I do not really see the market conditions for a bull market to take place, but a bear market is also unlikely so I really expect that this particular year is going to have its ups and downs but it is not going to be anything as impressive as what people want to see.

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Quote from: Reid on May 12, 2020, 08:21:58 AM

It's bad for people who have too much expectation.

This is for the best.
Patience is what we needed.
Just try to calculate everything for now or use this time to be the opportunity to buy more.
Do always keep in mind that it could go anywhere.
It doesn't always mean that the value should go up after a halving happens.

It is expected to not having a huge jump in bitcoin price near the halving but $10k was quite good as a start which is as usual followed by collecting the profit.
For now i expect a stable balance before the bull run starts again!

Reid

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It's bad for people who have too much expectation.

This is for the best.
Patience is what we needed.
Just try to calculate everything for now or use this time to be the opportunity to buy more.
Do always keep in mind that it could go anywhere.
It doesn't always mean that the value should go up after a halving happens.

Yourhomeboy

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I predicted 10k earlier and saw bitcoin getting to 10k couple of days ago. But I think bitcoin trading this year will be Negative. The price is lower than 9000. It's dropping back but may not exceed 8k, If it can hold at 8k this month. I predict another rise to 10k.

jhonjhon

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Even though I was wrong with my prediction but I was really optimistic to think about a rallying market a few days from now. It possible we are getting back to $15k in the next quarter. I could say this because some countries are starting to return their "new normal" operation, the opening of some businesses will help to recover the economy in these countries and that was potential for the crypto market growth.

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Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

Whales can control the market price but its not the ideal point of halving. We know that the supply will become more limited over time and since there's still a demand for bitcoin we can expect a bigger price in the future. Don't expect too much from bitcoin, the trend will tell if its the bull or bear. There's no big move with bitcoin right now, give more time with bitcoin and for sure at the end of the year we will go beyond $10k again.

Oasisman

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Nothing's change from the last few days of movements. It's still going sideways even after a few hours from the block halving. There's still no indicators on whether we're heading for a bullrun or bearish run. However, the Bitcoin block halving has caught a lot of attention from the internet, so we might be assuming a good run from here. For sure, people during the lockdown and home quarantined has a lot of time to read on cryptocurrency and the important events of this technology. They might get interested and put their money in Bitcoin.

sheenshane

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The truth is, no one knows what will happen but we will see to it and wait. The first and second halving results are showing good performance in the market after the halving was successful occurred if we check back the previous halving, after a couple of months Bitcoin price blown up the price. So probably we must be ready what will happen because there should be an impact after the halving, investors might they will buy bitcoin in anticipation. Because you can't jump in when the price of Bitcoin moving up after this halving.

I hope this time of halving is the same as the previous two events because I have doubt that it is different just because of the world recession due to the coronavirus pandemic crisis.

Smitty Werben Man Jensen

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Quote from: Em00n01 on May 11, 2020, 05:09:31 PM

Halving is successfully completed. We have seen several moves on price of BTC. What we can expect now? Who will control the market? Bull or bear?

Q3 to Q4, 2020 will be the month for Bitcoin to be accumulated, I believe this happens because Bull and Bear have passed,
Bear when Bitcoin drops to $ 3800, and Bull When Bitcoin goes up to $ 10000, the accumulation zone will be at $ 8000

bitbunnny

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So far there are no major changes in.price and to my opinion it will stay so. Price will continue to fluctuate in the current range.
However, this is not the typical time and not only halving affects the price. Pandemic also left the trace as well as lockdown and global crisis that is coming.
Because all of that I wouldn't give any kind of predictions for Bitcoin price in the upcoming period, all kind of surprises are possible.

jubalix

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the chart looks very different this time to the last halving, sideways vs slow up.

I think a few months out everyone will be caught with their pant down when they realise how few btc are now available in new supply and hit the buy button, and this trend will continue to the next high and crash, circa 200 K then back to 40K or some such.

This should play out in about a year or two.

The real issue is there are always fewer sellers because you shake out everyone who would sell each cycle, so the market is selecting for committed hodlers

mahilchii

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This Halving was really disappointing and the excitement is gone now, many of the investors were holding their asset only because of this from now there will be a extreme panic. If this happens I am sure the price will start dropping massively, apart from that COVID-19 too has been a major concern as people are selling their holdings because of lockdowns. I am really worried about the upcoming days...

$crypto$

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It's hard to guess the price of bitcoin after halving success is it possible in the next few weeks bitcoin will not be able to redeem the $ 10k figure? I do not know how it is possible because of the condition of the world crisis, then this also affects bitcoin so it falls deeper before it.

Of course people who have bought high at current prices will panic a little because what they are worried about is not going to happen again in the near future.

boyptc

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The first block after 630k block was somehow long after it has been mined. Anyway, determine yourself if stand as a long term bullish or short term bullish.

A bearish guy is likely to think that the upcoming days will be going into that phase and it's possible. But if you belong to the long term bullish, you'll ignore that and just relax while waiting for the bullish return of btc.

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Quote from: Nazmul012 on May 12, 2020, 12:58:02 AM

Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed. Although I'm not sure about what will be happened. Maybe 2x after Epidemic period is done Huh

Thats only a portion of reason that attributes to the dump. I watched how the market moves last night and still wake up until the halving is completed, I noticed that price is really been manipulated, some whales tend to keep it price above $8,200 range but never goes down on that range. It also pump hours earlier until $9,144 ( Binance market) but slowly go down. For me staying on this level is already good for everyone, as the price shows a strong resistance on that figures. But watching the market now, I think it will gradually go up and people should realize that bull run needs time and as traders and investors patience is a must on time like this. We still cant be sure how miners will react on this, lets just hope they continue the will to do it even the reward is reduced by half.

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