One thing that surprised me is that the hashrate is pretty much constant or increasing after the halving. I would of assumed it would of maybe had a 20% difficult drop or so. However looking at https://fork.lol/pow/retarget seems like its on course for the retarget to happen in less than 7 days as planned.
Hence proof that most of the hashrate is some large farms which are unaffected by the halving. If this was something like ETH, then the reward halving would have at least a 25-35% drop at least. Goes to show how there is less and less home miners out there these days.
Most of these farms are probably hedged or they are holding the coins and selling probably on price surges. Unlike most home miners who sell right after they get paid from their pool to pay for power and electricity.
Topic: Price of BTC after halving - page 3. (Read 487 times)
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?
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 
This time is difficult for Bitcoin.
For me, what happened is like buying and selling the news, the recent dump after the halving is those people closing their long positions from below $8,000 before. It's like some people expected the price of Bitcoin is gonna blow up again after the halving but the price dumped! Sad for those people who able to buy at the top.
For me, what happened is like buying and selling the news, the recent dump after the halving is those people closing their long positions from below $8,000 before. It's like some people expected the price of Bitcoin is gonna blow up again after the halving but the price dumped! Sad for those people who able to buy at the top.
Halving will just supply a gradually increasing upward pressure on the market. Any significant movements pre- or post-halving are from market participants making big moves, not from the actual supply cut. But over the many months to come the halving will in general slowly raise the price over the longer term.
the price that most of crypto users were expecting didnt happen, im guessing at least 10k. but lets wait for few weeks and see if some changes in the market will happen
yeah lets be conservative with numbers here...at least we are going up bit by bit
2020 is a neutral year by my estimation for a long while now, sideways in sum total. We will work out the volume from the recovery rise of 2019, absorb the halvening event both speculation and event process of less supply which develops over time.
So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve. This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.
So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve. This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.
yeah lets be conservative with numbers here...at least we are going up bit by bit
Yet, another chapter of Bitcoin's journey and what we are expecting to happen now?
Definitely, we can't exactly tell we are in the bullish soon nor we can be bearish. The previous halvings have a positive response months after but I really doubt if it will happen this year again knowing the situation as it is worse. However, can be of a big chance once the pandemic is done.
TBH, there is no clear vision to see what is the next scenario. There are only two things that possibly won't change and that is the ups and downs.
Maybe it was too early to say something, will have to wait a few months and may we have some pictures on it.
Definitely, we can't exactly tell we are in the bullish soon nor we can be bearish. The previous halvings have a positive response months after but I really doubt if it will happen this year again knowing the situation as it is worse. However, can be of a big chance once the pandemic is done.
TBH, there is no clear vision to see what is the next scenario. There are only two things that possibly won't change and that is the ups and downs.
Maybe it was too early to say something, will have to wait a few months and may we have some pictures on it.
2020 is a neutral year by my estimation for a long while now, sideways in sum total. We will work out the volume from the recovery rise of 2019, absorb the halvening event both speculation and event process of less supply which develops over time.
So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve. This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.
So if I had to guess a price for this year and thats not presuming that 31st December is somehow the correct target but in general I would say 10k or a more adjusted view would be the 200 day average for a good target we can easily achieve. This is good news as the 200 day average is rising and its generally a positive thing to go sideways though neutral might be ironic its alot better then possible alternatives we have seen so far with the virus sell off scaring many.
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?
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