Topic: The reasons why bitcoin may go 50% this year ! - page 2. (Read 333 times)
50% is simply too tiny for bitcoin rise specially in a year when we have halving in it. you are basically saying that bitcoin is going to reach $14200 by the end of the year. that is impossible because by the time it breaks $10k level price will most probably shoot up to $15k and by the time halving is close we can see at least another 50% rise which could easily bring it to $20k which is the previous ATH.
50% is an understatement to the appreciation in value that bitcoin could face within the next couple of months after the halving. For the past 2 events of halving that we have witnessed, the day of the event itself did not bring any surprising things on the table, but just after everything was done for did the traders revved up for something promising. There's no doubt that after the halving we'll see something remarkable in terms of price action, and the real question is by how much will it go up.
Halving 2016: bitcoin went up >400% in 12 months
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Seems like history repeats itself.Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
But still lot of people now are claiming that huge price rally will happen after this 2020 Bitcoin block halving.
So, we still have the time to accumulate more Bitcoins.
As we compare on previous Bitcoin block halvings, the price of Bitcoin starting to climb months before the halving and for me, we are doing it.
But for me, I'm not expecting a new all-time-high will come before this 2020 Bitcoin Block halving, which is expected to come around month of April - May 2020.
Halving 2016: bitcoin went up >400% in 12 months
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Right you are! That's how a deflationary currency/asset should work. After each halving, bitcoin's block reward decreases by half while the effort remains same. So the price is destined to go up. Just imagine the sitiation below,
Earlier you used to produce 5 loaf of breads by spending 1 dollar to sell it for 5 dollars which essentially means that each bread costs 1 dollar at market. Now due to technical limitations, you can only produce 2.5 loaf of breads by spending 1 dollar. But you need to maintain the profitability so the price of each bread automatically goes up to 2 dollars. It's the same concept!
Bread goes stale after some days, most of the bread demand needs to be fresh baked. Bitcoin doesn't lose value overtime, produced coins can be resold indefinitely. The market is the source of most bitcoins, 18 out of 21 millions are already made, new coins are a minuscule part of the equation, and thanks to halvings they make for less and less which also tends to stabilize the price.
The next 3 million will take a hundred years, and the largest part of those will be minted in the next few years. Indeed bitcoin production quickly loses its weight. Rather than bread bitcoins is like Deloreans (or some other limited production good), most where made in the early 80ies but no one is making them anymore. Take a look at the prices of these and you will notice a curious pattern repeating...
Most people buying bitcoin are going to get them from the market, not fresh, and this number will approach 100% with time in an identical logarithmic pattern.
There are assets like oil where production still weights more, but you have to take a look at other things that are not being made anymore. If we follow OP's reference, the "increase", should be less than 400%. If the first was 13000%, the second was 400%, then the next could be... 50%? Sounds about right.
Halving 2016: bitcoin went up >400% in 12 months
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Right you are! That's how a deflationary currency/asset should work. After each halving, bitcoin's block reward decreases by half while the effort remains same. So the price is destined to go up. Just imagine the sitiation below,
Earlier you used to produce 5 loaf of breads by spending 1 dollar to sell it for 5 dollars which essentially means that each bread costs 1 dollar at market. Now due to technical limitations, you can only produce 2.5 loaf of breads by spending 1 dollar. But you need to maintain the profitability so the price of each bread automatically goes up to 2 dollars. It's the same concept!
Great that you are positive in your prediction of Bitcoin. But this kind of opinion is not new. There are so many honest opinions in crypto space. The day won't end without me reading tweets with links to their articles entitled *insert number* reasons why Bitcoin will reach *insert amount* in 2020. Even online crypto publications are getting fond of publishing similar articles. And the so-called crypto analysts won't allow themselves to be left behind; they also have their own predictions, often exaggerated.
Halving 2016: bitcoin went up >400% in 12 months
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
That's a possibility if Bitcoin would do the same thing this year 2020 I would like to be optimistic in every year we had but surely there are still panic that has progressed because of so much FUD sometimes and people that are very affected by it was the weak once, I'd say it is OK to be optimistic than being paranoid all the time when the price drop to a very low level if that happens I will just think that it is a great opportunity to buy again, and regarding the prediction you had I think it can be a possibility.
I recorded a video with all the reasons why bitcoin may go 50% this year for sure : https://3speak.online/watch?v=clixmoney/pexambat
Those reasons are really powerful and I think that even more than 50% maybe possible this year already and maybe even after a few months.
I'm not an investment advisor, but I just shared my honest opinion.
Those reasons are really powerful and I think that even more than 50% maybe possible this year already and maybe even after a few months.
I'm not an investment advisor, but I just shared my honest opinion.
There is nothing to write about it or speak about it. Everyone knows Bitcoin will pump before halving. If history repeats itself It might break and create a new all time high either this year or next year.
Halving 2016: bitcoin went up >400% in 12 months
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
Halving 2012: bitcoin went up 13000% in 6 months
So it's easy to predict bitcoin will go up.
I recorded a video with all the reasons why bitcoin may go 50% this year for sure : https://3speak.online/watch?v=clixmoney/pexambat
Those reasons are really powerful and I think that even more than 50% maybe possible this year already and maybe even after a few months.
I'm not an investment advisor, but I just shared my honest opinion.
Those reasons are really powerful and I think that even more than 50% maybe possible this year already and maybe even after a few months.
I'm not an investment advisor, but I just shared my honest opinion.
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