The 2020 Next Bitcoin Halving vs The 2016 One - page 3.

bitvalak

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Quote from: cryptozink on November 16, 2019, 06:01:56 PM

Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/

Cannot expect the same price increase, because the situation is different, the demand for 2020 is certainly different, which can make prices higher or lower. Cannot predict exactly what price will be achieved in 2020.

coingecko

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177 days to go to next halving. Time flies, it will come before we know it!

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Quote from: cryptozink on November 16, 2019, 06:01:56 PM

Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

Though we could expect at least but it won't have definitely have a same outcome like what did happenend back then. Of course it market price would increase but the difference is the exact price. It might get higher or lower than or close just enough than before. What get me nervous is that what would be situation after halving probably after a year or months.

magneto

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I think that we'll see similar conditions for sure.

Halving has always been positive on the market forces, as it inspires confidence from investors psychologically but also creates increased scarcity for newly minted coins, which obviously impacts price in a positive manner.

However, given the state of the market, as I said before, expect the pumps to be significantly lower than what was seen after the 2016 halving.

acdc

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In the crypto market everything is possible and we can expect Bitcoin to double in 2020. However this requires a large amount of capital to pour into the market, and it is very hard to happen.
If BTC could double in 2020, I'd probably reward myself for a trip. Grin

Pearls Before Swine

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Quote from: Kprawn on November 17, 2019, 02:23:20 AM

You cannot compare one Halving with another without including the many other factors that happens during that same period.

That's exactly right, and I'm not entirely sure that the price is positively correlated with the halving events in a causal effect anyway. On the one hand, if you just look at the chart it does seem that there is that sort of relationship, but I think many members on the forum think it's guaranteed that halving=price increase, and that just seems silly in my mind.

Quote from: fuguebtc on November 17, 2019, 01:03:46 PM

This is not certain that halving will result in a price rise of BTC as witnessed in 2016. The Crypto market is now mature enough and such news won't make any impact on BTC price. My opinion is negative for this price rise.

I tend to agree with that, tho I'm not sure what the maturity of the market has to do with it. But I just think that a well known event that everyone knows is going to happen shouldn't produce a predictable price increase. Were that true, it would basically be a license to print money.

FrankNoland

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Quote from: cryptozink on November 16, 2019, 06:01:56 PM

Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/

Times have changed, the demand for bitcoin has slightly increase compared to 2016, I speculate that there are high chances that bitcoin might increase to about 15k-18k per BTC around halving period, BTC price is so volatile, it's been to approx $14k this year within a very short period of time, so anything is possible.

fuguebtc

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This is not certain that halving will result in a price rise of BTC as witnessed in 2016. The Crypto market is now mature enough and such news won't make any impact on BTC price. My opinion is negative for this price rise.

enhu

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Quote from: cryptozink on November 17, 2019, 12:49:49 PM

I'm a little more bullish than you are. I think BTC is going to surpass $20k pre halving, then have a serious dump with traders taking profit.

Quote from: Aikidoka on November 17, 2019, 12:43:39 PM

I don't think that it's gonna be easy after the halving for bitcoin to be pushed harder and reaching the 20k$ in just a few months. I meant it's not gonna be like the last halving in 2016 in my opinion. I'm just thinking that bitcoin will reach again the 15k$ by that time and it will be good for us and probably it's gonna be pushed more by people and hopefully we'll gonna see it at 20k$ level by the next year.

Its very much possible to go beyond $20k this time. With China's adoption to cryptocurrency and other countries going digital, there will be a massive pump this time. I'm more of bullish as well since every halving it does happen. Those old users had experienced this over and over and now that there are more people who are up to crypto investment, they are now replying to this financial market.

cryptozink

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I'm a little more bullish than you are. I think BTC is going to surpass $20k pre halving, then have a serious dump with traders taking profit.

Quote from: Aikidoka on November 17, 2019, 12:43:39 PM

I don't think that it's gonna be easy after the halving for bitcoin to be pushed harder and reaching the 20k$ in just a few months. I meant it's not gonna be like the last halving in 2016 in my opinion. I'm just thinking that bitcoin will reach again the 15k$ by that time and it will be good for us and probably it's gonna be pushed more by people and hopefully we'll gonna see it at 20k$ level by the next year.

cryptozink

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Quote from: BlacksmithCorporation on November 17, 2019, 12:45:15 PM

Many speculators have filled Twitter with the comment that Bitcoin will witness a strong rally like it has happened in the past. However, nothing is certain .. in many markets, an expected event will often cause the price of related assets to rise in the days leading up to that event. But once the event takes place, the prices of those assets often drop significantly. Halving LTC is an example

cryptozink

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It's not about pattern. We're talking supply and demand here.

Quote from: isaac_clarke22 on November 17, 2019, 12:37:46 PM

I wasn't using Bitcoin back in 2016, but I am sure that it was the same as to what is happening right now except for the fact that we're going higher to where that price swings happen.
I don't think that we can pretty much just base on these patterns showed by years, but hey the price jumps might apply the same as it was before. Who knows? Who knows? It has an unstable price after all.

Amel

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Hope is always yes, it's just that everything can happen but it is also possible to instill confidence in each other, this will help when halving comes. In fact, bitcoin survives because they still believe, I hope everyone is able to believe that bitcoin will double when halving so it will produce a pump. But let's just look at it next year ..

BlacksmithCorporation

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Many speculators have filled Twitter with the comment that Bitcoin will witness a strong rally like it has happened in the past. However, nothing is certain .. in many markets, an expected event will often cause the price of related assets to rise in the days leading up to that event. But once the event takes place, the prices of those assets often drop significantly. Halving LTC is an example

Aikidoka

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I don't think that it's gonna be easy after the halving for bitcoin to be pushed harder and reaching the 20k$ in just a few months. I meant it's not gonna be like the last halving in 2016 in my opinion. I'm just thinking that bitcoin will reach again the 15k$ by that time and it will be good for us and probably it's gonna be pushed more by people and hopefully we'll gonna see it at 20k$ level by the next year.

isaac_clarke22

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I wasn't using Bitcoin back in 2016, but I am sure that it was the same as to what is happening right now except for the fact that we're going higher to where that price swings happen.
I don't think that we can pretty much just base on these patterns showed by years, but hey the price jumps might apply the same as it was before. Who knows? Who knows? It has an unstable price after all.

cryptozink

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That's why we're discussing pre and post halving.

Quote from: Kprawn on November 17, 2019, 02:23:20 AM

You cannot compare one Halving with another without including the many other factors that happens during that same period. Remember, the price

is not just affected by the Halving, there are other things happening in the market at the time that influence the price. You might have some big

event happening that might push up the price and then the Halving will piggyback onto that event and also visa versa with a negative event. I can

tell you now that the price will not double with the next Halving. Roll Eyes

In any way, the Halving influence happens prior to the event taking place and

not on the date that it happens, so you will have to look at the price history of at least a week before the event to see what influence it had. Wink

Boov

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Quote from: ChrisPop on November 17, 2019, 11:56:18 AM

I believe that the halvening is pretty much priced in so I expect the price to dump when we get closer to the halvening so the institutional investors can engineer liquidity for their positions while retail traders get bullish for the halvening. After a pretty harsh stop loss hunt I expect another bull market leading into the price discovery phase.

Yes it happens in every halving that we encounter, it always makes the price a dump, it always go to buttom. And many news will be made when they hear that a halving or a halving is going on, it really affects the price of bitcoin. But I think the halving on 2016 is more crucial than what we expect in this halving next year.

ChrisPop

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I believe that the halvening is pretty much priced in so I expect the price to dump when we get closer to the halvening so the institutional investors can engineer liquidity for their positions while retail traders get bullish for the halvening. After a pretty harsh stop loss hunt I expect another bull market leading into the price discovery phase.

kryptqnick

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If we look deeper into it, the price went up a month prior to halving, whereas after the halving it actually went down 20% and did not reach the previous result of $800 for 5 months. Not to mention that all that was far behind the ATH, which was reached in November of 2013. So if that's what awaits us, it's not the best thing, really. I mean, there might be a 2x price increase, but it will not last for long if 2020 follows the pattern of 2016. And waiting for half a year for things to change for better is a long time. And unfortunately, it's hard to find data about the halving prior to 2016 due to the lack of data, while relying on one such event does not make much sense.

Topic: The 2020 Next Bitcoin Halving vs The 2016 One - page 3. (Read 925 times)