Topic: The excitement is over, what's next? - page 5. (Read 881 times)

The excitement should begin at this point not end. It's not the coming of the halving that is important but the period after.

The more time passes after the halving the more important it becomes because more coins mined at decreased block rewards enter circulation. It's those coins that will slowly impact the price not the moment of the halving!

Whats next? Then people would go back into their normal lives. hehe, I cant say that bitcoin did totally failed but people's hopes or expectations are way too much without even thinking that the price can neither go to that 3
plausible paths which is pump,stabilize/nothing happened or dump. Majority is being too optimistic thats why they do really have that failed impression towards the halving event.

Trying to look at the price where it do somewhat stabilizes in spite of the positiveness of the entire community.We cant still conclude yet because we wouldnt know if there would be upcoming dumps or pumps in
next days,weeks,months or years. No one really knows..

I do agree with that excitement feeling everytime we are heading halving but im not really that expecting much.


Its always been part and when it comes to price actions then we are definitely dealing with it on everyday either on post-event or some sort.

The next is holding unto the stash from the bitcoin halve, nothing more than this. There are many speculations about the said bitcoin prices, what many newbies understood abit the said bitcoin is: you can make more mo ey during the bitcoin halve. This made many of them.went ahead to buy during the pre-bitcoin halve which really feels disappointed to them. Don't worry because soon the market will rebounds back slowly and pick  up because of the higher demands this time.

Hold on with your bags a little while as the demands start creeping into the market. Don't be among the panic hands, be strong and hold-on, the excitement continues till the last block be mine from Bitcoin Blockchain.

we do not know for sure what will happen to the price of bitcoin in the midst of a sharp crisis at this time of course everyone needs money to make ends meet. inevitably some of them are willing to sell bitcoin forcefully, if it is done simultaneously by everyone in the middle of the current pandemic it will certainly affect market prices. however, we should be able to look at history beforehand, when bitcoin reduces by half it is likely that there will be an increase after that

These are price forecasts for the coming months and in my opinion it will be so:

BTC to USD predictions for October 2020.
In the beginning price at 9293 Dollars. Maximum price $11535, minimum price $9293. The average for the month $10225. Bitcoin price forecast at the end of the month $10780, change for October 16.0%.

Bitcoin price prediction for November 2020.
In the beginning price at 10780 Dollars. Maximum price $11024, minimum price $9582. The average for the month $10422. Bitcoin price forecast at the end of the month $10303, change for November -4.4%.

BTC to USD predictions for December 2020.
In the beginning price at 10303 Dollars. Maximum price $10303, minimum price $8049. The average for the month $9328. Bitcoin price forecast at the end of the month $8655, change for December -16.0%.

Bitcoin price prediction for January 2021.
In the beginning price at 8655 Dollars. Maximum price $10201, minimum price $8655. The average for the month $9261. Bitcoin price forecast at the end of the month $9534, change for January 10.2%.

BTC to USD predictions for February 2021.
In the beginning price at 9534 Dollars. Maximum price $9534, minimum price $7660. The average for the month $8741. Bitcoin price forecast at the end of the month $8237, change for February -13.6%.

Pandemic crisis does not specifically work on Bitcoin.

You know, no one knows whats going to happen to the price, right? So, asking people what will happen to the price next is useless. Most people will likely feed you with wrong information or just try to "force" their opinion on you.
How about you do your own research? Try to understand who are mainly going to be affected by the halving, what are the things they might do and so on. You might get what an idea about what the price might be in the future.

Life goes on for miners, traders and normal users alike. The halving hype easily wears off that's for sure, but it sometimes is a precursor of what's yet to come in the coming weeks/months as evidenced by the 2016 halving which set a somewhat slow pace for the 2017 bull run that we all know and loved. Anyway, it's just a day or two from the halving conclusion to already ask for more than what is offered in front of our eyes. More price action would come weeks after the halving itself, so there's that.

I'd put it this way rather, it's difficult when you invested to make quick profits from the halving, as for your personal assets, that's what every investment is about, it's your funds you invested and it's your ROI you expect to sip out of it.

Patience will help, but It's more of investing when you understand what the effects of the halving possibly could be(not only looking for quick ROI)and also take account of what halvings that came before unfurled for investors and traders after they happened. Bitcoin holders/investors from over the years would have no problem on anything that the next few months brings,(post-halving)you know by now those who will panic with FUD already.

Too early to say if its going rise when halving had just started.  Adoption is already here and the demands will increase for sure while the supply of the BTC is cut in half. I guess we all know what could happen. Some people expect the price to start growing in the next 3 months but whatever. There is nothing left to do anyway but wait.

This should go to the price speculation board.


You yourself have answered your query. In my opinion, no one here knows what will happen next?

All I know after this halving is that the next is in 2024. The demand for Bitcoin will grow but the supply is less now.

If history repeats the price should remain stable and whatever action you were expecting should happen next year.

    I don't know what will happen in the short term with the price of Bitcoin, because my investments in BTC are long term. This halving of BTC production should benefit from a price increase, because there are double costs for producing a BTC. But whales have the last word. They most influence the BTC price. I don't ask myself too many questions during this period, I just wait for the situation to be favorable for me.

If someone was excited about the halvening thinking that it will send the price to the moon the moment rewards gets cut in half, then such people only set themselves up for a huge disappointment. Everyone with the slightest understanding of crypto understands that halvings are largely priced in due to their predictable nature, and it will take a long time to see their effects. So, what happens next is that the market will be slowly turning more and more bullish until months from now we will break past the current resistance levels and enter a new great bull run.

Next it's all about patience. And hope. Both things that are painful to consider when you're dealing with your personal assets

Now?
Nothing...
Maybe in one year...
https://masterthecrypto.com/wp-content/uploads/2019/10/bitcoin-halving-price-usd-exchange-rate-values.jpg

We may feel  another lower price of bitcoin by this month until next month how ever if you  check previous chart of bitcoin for every halving they are always increase the price always when the halving start.

Those economy affected by covid,will not be the reasons for bitcoin to be at his lower price there must be other reasons if these will happen.

Stocks and bitcoin have been correlated a lot. I would say it depends on what the stocks gonna do next because it is a lot bigger market than crypto.

And to stocks make an upwards move, we need positive covid19 news.

If the current situation continues, stocks either go down or stay same at best which answers your question about bitcoin too.

Don't expect that bitcoin price will go up right away because of halving it takes time, If you look on past history of having several months or 120+ days  after and the price started to went up. But it is just base on those past events. We don't really know what will happens next, we can only hope that history will repeat itself. But I have no doubt that bitcoin will reach new ATH soon.  Yes, this covid crisis really affects everyone I hope it will end soon.

The hype is still out there and even BBC news made an effort to make an article about it.  
https://www.bbc.com/news/business-52628034
Oh! and this forum is also filled with it.
Sadly most of it is about when the price hike will be.

Yeah, it will go down to $3k. With all this hype we can expect that.  
Maybe it will or maybe not. We are all unsure of what the future will bring.
This stability may happen to be because of COVID19 which is still out there.
We should focus on that more. It will be happier if we are all still alive to see bitcoin grew as an adult.

For us bitcoin holders, every day is an excitement. It's a never ending event. So nothing is gone.

We hope we find a vaccine and until then prevention is the best strategy to save you and your family from Covid-19.  If one is afraid to lose their job and stuffs then it's the best time to learn some skills and find something online. We are moving towards the virtual era very fast. You can do almost everything with the connection of an internet except having real sex 😝

In addition, this covid-19 makes it far more slowly as it affect the market somehow at some point.