Actually if you will based it on the historical data we should have seen a drastic increase on bitcoin price soon after the halving. Patterns never lie but during this time we have some unexpected covid shit going on. Youll never know if the same event could occured but basing it on the current market movement, seems loking good. Yesterday, we can see how much bitcoin price increase and thats due to fomo and anticipation of the halving. We are two weeks approximately on the end date but this expression of market showing that we are on the pace og bullish sentiment. I dont want to expect cause this could also go reversal but I do hope it will not.
Give or take few months we can see if the hype is true or just a big bull shit effect to lure down investor. Anyway ready your wallet for dump in anycase we go the other way around.
Topic: Read Again (No Suddenly price Change after Bitcoin Halving) - page 2. (Read 237 times)
there is one condition that is different from halving this year and last year, that at this time, we know that halving can have such a big impact on the crypto world. I think, one of the reasons why prices are starting to pump now is because they are aware of this. many expect the price of bitcoin to reach ATH, or even more after halving. so, naturally, if the current price increase can occur more quickly due to panic buying
No problem with that. We can wait for more than 6 months or even a year later because we are sure that the bitcoin price will increase, and many of us already prepared for the increase in the price. So if after the halving, the price does not move to the high price, then that will be a good time for people to buy and sell and make a profit. I am sure that our chance to make a profit will bigger because the price will fluctuate.
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.
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.
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.
Indeed, there is no significant change in the price, but something else may happen.
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.
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.
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