Topic: Read Again (No Suddenly price Change after Bitcoin Halving) (Read 207 times)
I will not rely on past historical data as it affects price. A lot have happened after 2022 and 2016 halving. We are in a new era of well informed community. Unlike what the mainstream media published in the past saying bitcoin gonna fail or die. Many persons are optimistic about the price of bitcoin doubling after halving which of course may not be immediately but could still happen this year. Don't forget the level of awareness and adoption in the crypto space has far outweighed when bitcoin price first archived it's ATH in 2017. Let's keep travks as events unfold. This is the best time to be alive in this generation.
There is no need to debate whether the price of bitcoin will explode to the highest level after halving, as long as you buy at a low price then you will get a profit if there is a significant increase.
Previous halvings did not have global lockdown and pandemic issues. I do not think there will be a price change as we are still trading below 10k but, you never know anything can happen in cryptocurrency market.
I have read few articles tha Bitcoin may go below 3k after the halving but, I doubt it will be possible. Anyways I expect a significant rise in Bitcoin price next year and I can wait till that time.
I have read few articles tha Bitcoin may go below 3k after the halving but, I doubt it will be possible. Anyways I expect a significant rise in Bitcoin price next year and I can wait till that time.
Indeed, there is no significant change in the price, but something else may happen.
Are you high?
We rallied to a 30% rise in one week. We were also at $3800 when the corona virus caused a panic dump. The halving always brings a big price rise due to the reduction of coins available on the market.
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Many People Expect Bitcoin price change After halving will Increase But not speculate after which time will that Happen, But when We look into Bitcoin Halving Historical data, people will understand price increase will take place after sometime Few and experienced people Know About it But many Newbies think it will shift up soon after Halving.
Historical data may be proved wrong or right because all that happened in the time where there was no Incidence or emergency like we have (Covid-19) But also the Bitcoin price change which predicted to get high will not occur suddenly if everything remains constantly compared to previous market Environment (this is only if the market will not take into account Covid-19 but if it will take it into account anything can Happen definitely it will not go much high like before or not at all ) And the Change will take after sometimes may take after 6 months, a year, or 1 year and 6 months.
Indeed, there is no significant change in the price, but something else may happen.
Are you high?
We rallied to a 30% rise in one week. We were also at $3800 when the corona virus caused a panic dump. The halving always brings a big price rise due to the reduction of coins available on the market. Wait until this time next year, it’ll blow your head off.
there may not have been a pandemic like CoronaVirus going on during the previous two halvings but there has always been some kind of drama going on in bitcoin market that caused very similar panic sells and panic buys. after all if you look at the bitcoin historical charts it has always looked the same exact roller-coaster as ever.
that's why i don't get your title. each time in the past when we had halving during a couple of weeks before the halving we saw a hyped up rise and a small bubble which popped right before the day and then price rises a couple of weeks after with a much stronger fuel. a very similar thing has been happening these days too!
that's why i don't get your title. each time in the past when we had halving during a couple of weeks before the halving we saw a hyped up rise and a small bubble which popped right before the day and then price rises a couple of weeks after with a much stronger fuel. a very similar thing has been happening these days too!
The effects of Bitcoin halving in short term will not be felt by us holders or investors.
Base on the 2 halving that happened, the price of Bitcoin rise up months after the halving so if history will repeat itself then the price of Bitcoin will pump maybe at around the 2nd half of the year already. Although many are expecting that this scenario will happen, lets be vigilant always and be ready in anything that will happen. There are more investors right now and more manipulators than 2016 and 2012. There is a possibility that the exact opposite will happen. Just a possibility.
Base on the 2 halving that happened, the price of Bitcoin rise up months after the halving so if history will repeat itself then the price of Bitcoin will pump maybe at around the 2nd half of the year already. Although many are expecting that this scenario will happen, lets be vigilant always and be ready in anything that will happen. There are more investors right now and more manipulators than 2016 and 2012. There is a possibility that the exact opposite will happen. Just a possibility.
I've been thinking about a conspiracy theory explaining the BTC price patterns after every halving.
I think that most big BTC miners are crypto whales as well,so they are pumping the Bitcoin price big time a few months after every halving,in order to keep BTC mining profitable after the reducing of the BTC mining rewards.If the price isn't growing rapidly after every halving,BTC mining won't be profitable and all their investments in hardware and facilities won't get a ROI.
However,this is just a one of the many conspiracy theories discussing the existence of a crypto elite,that runs the entire Bitcoin Core blockchain.
I think that most big BTC miners are crypto whales as well,so they are pumping the Bitcoin price big time a few months after every halving,in order to keep BTC mining profitable after the reducing of the BTC mining rewards.If the price isn't growing rapidly after every halving,BTC mining won't be profitable and all their investments in hardware and facilities won't get a ROI.
However,this is just a one of the many conspiracy theories discussing the existence of a crypto elite,that runs the entire Bitcoin Core blockchain.
Indeed, there is no significant change in the price, but something else may happen.
Generally, I think events like halvings get priced into the market well before the actual event.
It's about the pattern and sequence that we have witnessed after those halving and then we're all comparing that it will also be the same this time. Only if it will be the same as the other halving that bitcoin went through. The halving effect took place and so far it's positive but with this covid-19 crisis, we can't tell how big is going to be the contribution of it once halving proceeds.
Even without the covid-19 crisis, it will still be different in my opinion. Investors getting mature, price is already too high for many to get in and other reasons.
Some predictions say that it won't be the same anymore and it's highly unlikely that we will reach another all time high but, the crowd remains the same with the thought of the same pattern will occur and I'm also believing with it and one of the hopeful people that we'll see again bitcoin perform like those years.
We might reach another all time high, but we might not see it run like the 4-year cycle we have seen before. So it might take more time to hit that all time high again. But definitely it will not be hit during this year or right after the halving.
Halving? It was proven before that there a huge market change before and after, and absolutely we have noticed it. But think it could be similar to this coming halving? It surely different and we are not confident enough to see the market to be in the bullish one. But instead to see the market its normal behavior up and down. Hypes is somewhat we have experience in the past days and look at, we are started to drop again from $9k. We should be careful in dealing with the market today and have to analyze its movement.
From the history narrated by OP, it is clear that price didn't jump immediately to gain such a profit it has till today. It took a gradual process if time. It made bitcoin limited and the much demand led it up. Likewise what can happen with this current halving in few months or years to come.
I'm pretty sure most of those that say an increase would happen after the halving are talking about the 6-12 month span after the halving itself. I mean, if you were going to compare it to past halvings, might as well use the correct possible timeline for the said increase right? None of us here are stupid after all. Comparing the overall timeline of each halving to the current halving, you'd easily see that after all. If there were any price changes to come, it'd probably be not because of the halving itself but rather other external causes. An example would be an exchange being hacked and BTC is being literally sold in batches, leading to a massive dump period.
Halving? It was proven before that there a huge market change before and after, and absolutely we have noticed it. But think it could be similar to this coming halving? It surely different and we are not confident enough to see the market to be in the bullish one. But instead to see the market its normal behavior up and down. Hypes is somewhat we have experience in the past days and look at, we are started to drop again from $9k. We should be careful in dealing with the market today and have to analyze its movement.
If we look at the massive dump one year before the 2016 halving, we can relate that to the massive dump we had last year.. an year before the 2020 halving!
However, it really depends on lots of factors, but I believe the third halving is way too early to predict prices based on the previous two ones. Bitcoin is still a young boy and needs to grow up. Imagine a little kid saying they wish to become a doctor when they grow up - how many times does that really become a reality?
I believe the same thing goes on with BTC right now - it could drop or soar and that depends in its entirety on what we all consider BTC to be. Safe haven asset? Nothing more than an investment? A HYIP? A currency? What does the majority consider it to be?
We decide what it really is and Bitcoin will move accordingly.
However, it really depends on lots of factors, but I believe the third halving is way too early to predict prices based on the previous two ones. Bitcoin is still a young boy and needs to grow up. Imagine a little kid saying they wish to become a doctor when they grow up - how many times does that really become a reality?
I believe the same thing goes on with BTC right now - it could drop or soar and that depends in its entirety on what we all consider BTC to be. Safe haven asset? Nothing more than an investment? A HYIP? A currency? What does the majority consider it to be?
We decide what it really is and Bitcoin will move accordingly.
But still, there is a sudden change after bitcoin halving right?
People, especially newbies, want to take advantage of this since they have seen the data in recent years and are expecting it to happen again. The year 2018 and 2019 don't have any pumps during those days and we can't blame them for purchasing hysteria due to bitcoin's halving trend. As we saw yesterday, it's now approaching $9,400, and it keeps rising as the bitcoin's halving is nearby.
I guess the only way is to keep an eye on the market, like what @cryptoaddictchie said, let's be ready to dump if we've already noticed any adverse shifts.
People, especially newbies, want to take advantage of this since they have seen the data in recent years and are expecting it to happen again. The year 2018 and 2019 don't have any pumps during those days and we can't blame them for purchasing hysteria due to bitcoin's halving trend. As we saw yesterday, it's now approaching $9,400, and it keeps rising as the bitcoin's halving is nearby.
I guess the only way is to keep an eye on the market, like what @cryptoaddictchie said, let's be ready to dump if we've already noticed any adverse shifts.
Many People Expect Bitcoin price change After halving will Increase But not speculate after which time will that Happen, But when We look into Bitcoin Halving Historical data, people will understand price increase will take place after sometime Few and experienced people Know About it But many Newbies think it will shift up soon after Halving.
Lets ChecKBack into History
2012 Bitcoin halving took place on November 28, 2012, Block reward divided from 50 BTC to 25 BTC On which 1 BTC was around $12 A year later price was around $1k.
2016 Bitcoin halving Block reward was divided from 25 BTC to 12.5 BTC on which 1 BTC was around $600 A year later price was around $2k in the same
year 2017 Bitcoin hit $20k then get Back to its normal Around in price.
Historical data may be proved wrong or right because all that happened in the time where there was no Incidence or emergency like we have (Covid-19) But also the Bitcoin price change which predicted to get high will not occur suddenly if everything remains constantly compared to previous market Environment (this is only if the market will not take into account Covid-19 but if it will take it into account anything can Happen definitely it will not go much high like before or not at all ) And the Change will take after sometimes may take after 6 months, a year, or 1 year and 6 months.
We can't compare on what happen for the past years of bitcoin halving since by now we experience the worst case scenario since the pandemic disease is affecting the world economy so the changes by now will take more time before we see it since for sure some other countries are in recoveries are the other are still on questionable since they are hit badly with this disease and hopefully we can reach the ATH since it can bring a good impact to the bitcoins fame.
It's about the pattern and sequence that we have witnessed after those halving and then we're all comparing that it will also be the same this time. Only if it will be the same as the other halving that bitcoin went through. The halving effect took place and so far it's positive but with this covid-19 crisis, we can't tell how big is going to be the contribution of it once halving proceeds.
Even without the covid-19 crisis, it will still be different in my opinion. Investors getting mature, price is already too high for many to get in and other reasons.
Some predictions say that it won't be the same anymore and it's highly unlikely that we will reach another all time high but, the crowd remains the same with the thought of the same pattern will occur and I'm also believing with it and one of the hopeful people that we'll see again bitcoin perform like those years.
We might reach another all time high, but we might not see it run like the 4-year cycle we have seen before. So it might take more time to hit that all time high again. But definitely it will not be hit during this year or right after the halving.
Indeed, there is no significant change in the price, but something else may happen.
Are you high?
We rallied to a 30% rise in one week. We were also at $3800 when the corona virus caused a panic dump. The halving always brings a big price rise due to the reduction of coins available on the market. Wait until this time next year, it’ll blow your head off.
Halving is already priced in. It was priced in as soon as people started thinking that it would lead to an increase.
What then happens, as we approach halving, is that FOMO kicks in and the price rises higher than is warranted.
So then once halving actually occurs, we will likely see a price drop to remove the effect of the FOMO and return us to what would be reasonable just from the halving itself.
Basically, any price rises we are seeing now as a result of people thinking halving will lead to an increase... will be the extent to which the price falls when halving happens.
Of course there are wider market movements on top of this. We've had the CV-19 pullback, and are now seeing a slow recovery from this. In practice it is difficult to determine to what extent the price rises are halving-FOMO, what CV-19 recovery, and what any other reason. But the fact remains that a part of the current rises is FOMO based on something that is already priced in, and there will inevitably be a reversal to compensate for this.
What then happens, as we approach halving, is that FOMO kicks in and the price rises higher than is warranted.
So then once halving actually occurs, we will likely see a price drop to remove the effect of the FOMO and return us to what would be reasonable just from the halving itself.
Basically, any price rises we are seeing now as a result of people thinking halving will lead to an increase... will be the extent to which the price falls when halving happens.
Of course there are wider market movements on top of this. We've had the CV-19 pullback, and are now seeing a slow recovery from this. In practice it is difficult to determine to what extent the price rises are halving-FOMO, what CV-19 recovery, and what any other reason. But the fact remains that a part of the current rises is FOMO based on something that is already priced in, and there will inevitably be a reversal to compensate for this.
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