Topic: The Halvings impact on Bitcoins price - page 2. (Read 1247 times)

So he needs to control his emotion, especially if he watches the market, and don't let his emotion interfere. It isn't easy but with some practice and keep doing it, and I am sure that he can do that. I think bitcoin price now becomes sideways because I see the market does not move too much, but we need to be cautious in the next week because everything can happen at the market.

It doesn't have anything with an investor being optimistic or pessimistic because this emotions are generated by the market price action itself.
I would be more looking, which is really interesting if there is going to be a major shift in bitcoin dominance in terms of altcoin gaining more of it, because this will lead to more risk taking and more positive price action in longer term for the whole market.

Bitcoin already reaches below than $9k, but now the price is going to strong so we can hope that the price can go up again. Even though the price still can go down, but we should be an optimist to see the bitcoin price will reach the highest price again someday. If the price is still at a price now, I think we don't have to regret because we have more chance to buy bitcoin at a price now so we can sell at the higher price when the price increase.

I get your point, but going down to $9k or even $8,5k yes, it is a big drop in terms on BTC price in short period of time, but it's not a level to cause a panic from people and bigger sellout. I think $8k level is more important.
Don't worry some correction is healthy in a bigger scale picture of BTCUSD price.

By now we know that this halving was not similar to the others... BTC is just floating around the same prices trying to grab some external investment that doesn't seem to be pouring in... I think that if the billions of USD don't come in, the price will eventually fall...
We also have to think about the expectation of the several new national digital currencies that are being prepared as this definitely lowers BTC importance

Gone down after the first? That's a stretch.

As I pointed out it rose almost continuously in a lovely exponential curve from $12 at halving to $266 at the peak of the bubble in April 2013. It barely twitched with the hard fork on March 11, 2013.

When the bubble burst it had nothing to do with miners. MtGox was overwhelmed and crashed, accompanied by a series of ddos attacks. Of course it was also vastly overbought and overdue for a massive correction, just as it was in December 2013 and again in December 2017.

Even after the April 2013 collapse, the price never went below $50, which was over 4x the price at halving. To say it went down is ridiculous.
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Maybe the price will go down below $8300 before year's end. It fell by a larger percentage in 2016. If it does it probably will have nothing to do miners. Miners mine, network hash rates go up and down, difficulties get adjusted, and blocks are added to the chain approximately every 10 minutes. The price of Bitcoin is not determined by miners. It is determined by supply and demand in the marketplace and the daily supply of new coins just got cut in half. As adoption continues to grow, demand will continue to grow. The price will follow.

That's indeed what a free market does.  

As for "us guys" losing money, speaking for myself, that's impossible. I've already taken out several times the amount of fiat that I put in and still have a nice nest egg with which to live happily ever after.

It's interesting because the bitcoin price now is going down. It seems the price cannot stay at a price now. I am waiting a good moment to buy more bitcoin at below than $9k if the price goes down into that price. But I hope that the price will not go down $9k because that can make people become panic, and that can make the price will go down deeper.

The market and the community has become more prudent as it seems.
I think that the impact of halving is not going to be shown so fast. We are going to see the real impacts somewhere around 6 months later than that. The bad thing is that it will not going to be connected with halving and we will not be able to understand if the volatility came from this event.

It's gone down after the first. It has each time. I didn't write this article as a "look at the chart" prediction. The halving has short term negative effects with miners, which was the start of my price prediction. I also never made any fixed price predictions because that is gonna be near impossible to pinpoint. We'll see a price drop that will go below $8300 before the end of the year. And if I'm wrong, then cool I lose out on money. And if I'm right, I make money and you guys lose money.

That's what a free market does

There's no pattern.

After the first halving it rose exponentially for 4 months from $12 all the way up to $266, a level previously only dreamed of.

After the second halving it took a steep drop from $660 down to under $470 in about 3 weeks.

So they will now survive in the price below $ 10k even though it is a small profit for them still they will do especially in difficult times like this, with prices not strong now to redeem $ 10k then I think they will take advantage of short-term opportunities maybe in the 2nd quarter.

There have been many predictions from several articles about the increase in bitcoin at the end of the year because that's where the peak of price stability began to surge but I also can't be sure that that will happen.

I'm still sticking with my prediction that it will go down over a few months, and then will hit new highs.

I'm also following the same pattern.

But this time, it looks like it's moving base from what we are not expecting and it's gaining the strength that we usually see when it rises. More of next year is given by most of us here and thinking of how low key it is for this year.

There is a lot of resistance at $10k mark and every time bitcoin reaches $10k the bears come in action and they bring the Price down. Even the bitcoins block reward halving didn't bring a positive short term affect as everyone expected that it will happen. And what you said is right the Price movement should be and will be a long term Target and it won't happen suddenly, it will be a gradual increase in price.

In short term bitcoin price is already over 9.8k as of right now, how do you really not see it going over 10k when there is only 200 dollars left? That is literally 0.2% difference between 10k and the current price. However it may not go over 15k that is understandable. Yet the halving impact is not a one time short term thing, it is a longer term thing.

Think about it this way, you have a country that prints money constantly to cover the expenses, they know that printing money makes it less valuable, so your money becomes less valuable as well, do think like Zimbabwe dollars but more like Ukraine money and that kind of means that if you do not really print forever if you are Ukraine, however if you suddenly stop printing, and even stop longer than other nations, USA will still print right? That means your money will start to worth even more dollars as Ukrainians. Think of it like that.

In short run you can't be sure in anything, bitcoin can surprise all of us and rise over 10k. It's like people expect one thing, and something else happens, it wouldn't be the first time for crypto market to make a turn, and like always just few are ready for that turn! Call it a manipulation from whales, call it fresh blood, or however, we never know exact reasons for any rise or drop, I always thought it's a combination of all factors, and there are many factors you can consider for analyzing bitcoin price movement.
Halving will have impact on the bitcoin price, like it has two times before, and the same as before we will have to wait a year, more or less, to see the effects of btc halving on entire crypto market, not just on bitcoin!

In short term the price is not going higher than 10k.
People wait at this level in order to sell most of their bags in order to make a decent profit for 2020. If the price is going to continue increasing this is going to happen in late 2020 or 2021 where the market is going to stabilized and acknowledge the new impacts of halving.

so far there has not been any development regarding the price of bitcoin. after halving, the price is even stable at $ 9k. however, we do need time to see developments that actually occur. maybe later in the year, prices will start rising. I honestly assume that the price of bitcoin can reach more than $ 10k after halving. however, given the current pandemic control, an initial $ 9k is enough.

As expected to see early next year, but I don't really expecting it will be in the bullish as high as 2017. It will be a lucky year for us if Bitcoin prices will reach $14k before the year-end.
What was a little bit surprising is how crypto could maintain the momentum amid this pandemic.

The halving impact may not happen in this year, it may need a year or more to come! If you check the history about the two past halvings, you will see halving impact did not happen in the same year!  Right now Bitcoin price seems stable at 9K area, but I expect to end this year by seeing Bitcoin at 14-15K USD at least! And anytime in 2021, I expect a bull run which will hit the ATH in Bitcoin price!