The excitement is over, what's next? - page 4.

thecodebear

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

What speculations failed exactly? The halving is just a moment. The effects of the halvings are felt in the months and years after they occur, not in the moment they occur.

I expect what normally happens after halvings occur, a general uptrend in price for the next couple of years leading to a FOMO exponential bull market situation followed by a deep and brutal crash, as has happened every market cycle. In the short term I expect business as usual: bitcoin goes up sometimes and bitcoin goes down sometimes, the effects of the halving will slowly build, as of right now it is a very minor effect.

samcrypto

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Quote from: UserU on May 12, 2020, 11:50:43 AM

Nobody knows, miners still do their usual thing.

Even after almost 1 day of the halving, prices are still within the high 8K. Depends on whether those whales want to realize their profits and start the massive selloff.

Only time can tell and yeah miners still doing the same thing to solve the blocks and we need more investors for a higher trend. The excitement is over and we’re gonna face a new chapter for bitcoin, maybe a time for the pump. As long as we see green candles bitcoin is still good, the next to break the walls and go pump.

sana54210

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How could the excitement will be over? Like the halving literally just started, now we are doing half the mining we used to and that is the real exciting stuff isn't it? I mean am I missing something here, were you guys waiting for the BLOCK that had the halving?

I was honestly waiting for the halving as a general, like from now on we are half of what we used to mine and that is the exciting stuff for me, I will be excited about it for the rest of the halving until the next one which at that point I will start to be excited about that. If you guys were excited about the block, I don't know what to tell you guys, like one block can't really make too much change, we didn't just dropped from 12.5 for one block, we did it like for good, until the next one, so this is a long term thing.

STT

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I thought this was when the excitement is supposed to begin, lower block reward less supply. Rocket ship ignite, no ? ok Cheesy

Near term the not very interesting point is we have to work through the volume of the big red bar that appeared some days before the halvening.
We found the 200 day average as an area of support which leads back to check the trend of ascending highs of this 9200 area then 10k area and the next high should be nearer to 11k if following that same pattern. 9200 coincides with 8 day average which I always watch ever since I noticed it marks a good division between negative and positive phase to BTC pricing leading into medium term. Revision is keyword at present and we'll see if it can build.

Yourhomeboy

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The next is watching how the market will perform, so it will serve as a lesson to newbies that will flood this forum with questions by next four years about bitcoin halving.

Lucius

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

~snip~

There are at least two types of people who are in some way excited about halving. In the first definitely belongs OP and people like him, who thought something spectacular was going to happen about halving, and the other group are those who have long perceived halving as a technical event that in itself has no effect on the current price.

So what is next now, maybe next halving? Of course not, that's in 4 years - and until then, some may learn that halving and speculating about the price of BTC just doesn't make sense (at least in the short term).

Regarding investors, it is necessary to distinguish between those small (ordinary people) and those large investors. The former may be forced to sell because they will have no choice because of losing their jobs, or increasing the cost of living, but big investors are another story though. They can wait because of the amount of money they have at their disposal, and the way they enter different markets. Bitcoin is holding up well despite the crisis of the world economy, and I think it is very interesting for large investors at the moment.

Febo

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

No speculation failed. In normal times Bitcoin should slowly go into bull run that would peak a year and a half from now. But we dont live in normal times anymore. So expect many excitement in Bitcoins world this and next year.

Harlot

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

I didn't even got excited with the third halving we got from Bitcoin since I know it is all just fuzz and noise created in the internet. You were wrong to expect something spectacular to happen during the halving since the 2016 halving proves that it is just one of those days for Bitcoin to consolidate.

Quote from: mahilchii on May 12, 2020, 11:42:46 AM

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Right now Bitcoin is sitting in another make or break position from where it stands, it failed to retain in the 10,000$ level and not if it fails in another re-test for that level then we will probably go down. However nothing is for sure here since from the previous movements we can see Bitcoin might just retract back to the 8,000$ level and consolidate in that level.

carlisle1

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

those who fails are those people who exaggerated expecting too much from Bitcoin while the truth is they already knew that the Virus hinders the growth.

Quote from: mahilchii on May 12, 2020, 11:42:46 AM

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Know what?better calm and wait for what will be coming and stop expecting so much,the Crypto is affected of economic crisis lets admit that fact and while we are waiting for recovery then let us not blow the Horn that fast.

Oasisman

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Did the speculations failed? I think not yet. If you remember the past 2 halving, the bullrun occur almost a year after the block halving. Bitcoin didn't even become stable since.
The pandemic has only minimal effect on crypto space. If the price falls again, for sure It's because of some reasons inside the crypto space and not only with the current pandemic.
Lastly, Bitcoin has always been exciting investment because of It's volatile nature. If you think the block halving is the only reason for the bullrun, then I must say, you're one of those people who wants to become rich over night.

pooya87

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i honestly can't remember any time that the "excitement" were over, at least not for any longer than a month. the bitcoin market has been pretty exciting and volatile for its entire existence which is a little less than a decade (there wasn't really a bitcoin market or exchanges in first year or two).
so far we have been seeing a very similar behavior compared to the two and only previous halvings. price has a jump then a small fall before the halving day and then market calms down for a little while during which everyone accumulates bitcoin at a moderately stable price and then as the real halving effects start showing themselves we also start seeing the real rises begin and consequently the next bubble begins.

exstasie

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Start counting down to the next halving? Tongue

Quote from: adaseb on May 13, 2020, 12:30:25 AM

I think right now we might happen is the correlation with stock markets will start again and this is not a good thing. I still think we might get a dip in the global markets.

Agreed. They never actually decorrelated, BTC just had a blow-off top while stock indices made a lower high instead. Both are threatening technical breakdowns on the weekly chart now, though it's too early to say for sure.

In terms of sentiment and market narratives, I think there is also cause for concern. A theory running through my head is "buy the lockdowns, sell the reopening." The market has been fueled by optimism for what happens after reopening. Now that reopening is here (or imminent) investors will want to see real signs of recovery. The market can't be fueled by nothing more than hope forever as company losses eat into dividends and EPS. The timing of all this also lines up well with the BTC halving, which can easily function as a "buy the rumor, sell the news" catalyst.

michellee

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The next thing after this is we need to wait for what will happen in this month. Bitcoin halving is already over, but the price is not increased high and seems, the price is sideways mode so everything can be possible to happen. But we also need to be careful because no one can know if bitcoin will be down or not in the next week. The investors sell their assets because they need to have money to buy their daily needs, and we cannot blame that because we will do the same thing if we don't have money.

adaseb

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I think right now we might happen is the correlation with stock markets will start again and this is not a good thing. I still think we might get a dip in the global markets. This recent rise in the stock market was mostly fueled by new retail traders who opened brokerage accounts for the first time because they were bored being at home. If you look at the Robinhood stats for certain stocks, there were millions of positions (not shares) in many stocks and ETFs. Hence why the stock market keeps pumping almost everyday.

There is an issue with this. There is no vaccine and people lost jobs and these companies on the SP500 will eventually all have bad earning reports, eventually they will be worse than expected and the selling will start. The retail traders who jumped the gun will get fearful and want to get out. However there won't be enough bids and prices might start to crash again.

Then bitcoin might follow and we might get a retest of the $3500 area once again. Not sure if this will happen however keep in mind the markets are very irrational at the moment and so is the bitcoin markets.

shoreno

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what you mean by majority is failed ? failed on thier prediction? how come when halving hasnt been running for a while . much better if we will wait first for some time so that we can get the actual result if price really goes down , stable or increasing . you said it will go stable but you also stated that btc can go down because there is still covid . i think i will going to agree more of you in the part where you say btc will go down because at the end of thde day halving didnt remove the volatile feature of btc so it will never get stable

TravelMug

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

We can see today that the price hasn't decrease that much, so for now we can say that we are still in the post-halving euphoria, obviously, more are buying bitcoin even at this price because of the halving effect and the notion that the supply is going to be limited and this could push the price even higher.

Those who have sold their assets because of the COVID-19 has either no choice or afraid that the market will crash very hard. For the latter though, I'm sure they have regret their decision, or probably they get back again that's why the price is still not going down post-halving.

Kemarit

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

What speculation? that we are going to hit 5 digits or will there be massive dump right after?

Quote from: mahilchii on May 12, 2020, 11:42:46 AM

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Short term, we might see some dump as there could be some miners getting offline as it is no longer profitable for them. But long term though, I'm still expecting that the price will slowly ramp up in the coming month and we will eventually hit another all time high. But it will take more time. As far as Covid-19 though, we have seen that we are no longer affected by it and global financial markets had adjusted as well. Of course a vaccine is needed, but I doubt that it will have a negative impact in the market in the long run.

posi

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Quote from: Ridwan Fauzi on May 12, 2020, 05:32:57 PM

Quote from: mahilchii on May 12, 2020, 11:42:46 AM

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Why we always blame covid 19? Is the virus give a bad impact for crypto currency price? I think no.

The COVID-19 issue does have a bad impact on the crypto market during the time when every government around the world make quarantine a most for their citizen. Although, it also makes weak investors/traders to panic sell their holding and to exit the market.

Quote from: Ridwan Fauzi on May 12, 2020, 05:32:57 PM

halving event will push bitcoin's price going higher.

Of course for it was implemented to control market inflation but that does mean the price of the market will start bullish once after the halving.

Stedsm

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During the previous halvings, BTC price was not even half of the current halving so that's an achievement already for all of us. History shows that BTC never dies even after coming in this halving phase because miners find a way to have more patience anyhow while mining BTC till it crosses the BE level and the curve gets profitable for them. I think this baby dragon needs to be staying near $8k or sub $8k range for a long time if I tell you properly.

Ridwan Fauzi

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Quote from: mahilchii on May 12, 2020, 11:42:46 AM

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

Why we always blame covid 19? Is the virus give a bad impact for crypto currency price? I think no. Take a look with the grown bitcoin price before halving, its price only need several time to increase $1500. At least that has pointed out the people here or all people which has crypto curreny are believe that corona virus is nothing to do to the crypto currency movement price.

As for the recent sentiment market, I don't have much speculation. But indeed bitcoin's price has decreased to $8800 before its price touch $10.000 and you should know that halving event will push bitcoin's price going higher. We already know that the cost to open a system to mining bitcoin has been expensive enough, there is no individual miners anymore. It means, to make miners always run to mine bitcoin they need more money to run it and I think they won't sell bitcoin in the lower price and it will bitcoin's price is always increase.

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