I don't think trading fee cuts are the main reason why people are buying bitcoin. It has to be more than that. Think of it as an online promo wherein delivery charges are waived. Do you think people would buy some product they may not even use or need just because of the free delivery? I don't think so.
Perhaps it has something to do with the current economic situation wherein assets are down and bitcoin is the only performing one. People have to make money albeit being locked on their houses, and so some may have thought of buying coins in hopes of getting their money's value up, and that's what's happening now.
Topic: This is Why Halving will Boost up Bitcoin Price (Read 223 times)
That is why people get excited about the halving event because they'll have in their mind that prices may boost during and after that said event. But something we need to change our mindset this time, we probably know the situation and this will be a huge factor that such expectation will fail.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
in fact what will happen Is the following: the price will increase many in these next 4 weeks, but after those 4 weeks the price will start to fall a lot again and why would that happen? because we are seeing pump and then dump, it is not a common price increase, it is something manipulated. of course I may be wrong in my analysis, however anyone who knows how to take advantage of this opportunity will leave with some profit
I don't think those discounts on the fee will create any impact on the bitcoin price? Do ou think people will buy more just because there is a small offer to reduce the trading fee?
But halving already acting as the reason for the price surge in recent times.
But halving already acting as the reason for the price surge in recent times.
I think those encouragement is not just for buying bitcoin but also selling bitcoin as well, basically purely trading. You know why exchanges wants to give discounts during this period? Because they know that they will definitely get a lot more people trading after the halving for sure, which means they will definitely want all those extra ones. Think about it, halving is one of the biggest things in bitcoin world, it happens only 4 years like Olympics of bitcoin.
So, that means they will do discounts and they would even agree to make a loss during this period, they do not really care about the profits they will make right now, they care about how many people they could get into their exchange. If the one succeeds on getting a lot more people, after all of this halving hype is over, those people still be there doing trades but this time on full fee and that is how exchanges will profit more.
So, that means they will do discounts and they would even agree to make a loss during this period, they do not really care about the profits they will make right now, they care about how many people they could get into their exchange. If the one succeeds on getting a lot more people, after all of this halving hype is over, those people still be there doing trades but this time on full fee and that is how exchanges will profit more.
Am I the only one who thinks it's a new exchange? or is it not the exchange that is famously used? forgive me for my lack of knowledge.
I haven't seen some exchanges who have a good reputation who doing so, they just offer some new interesting features that can be used by its user.
Just be careful with that offer, the scammer is everywhere.
I haven't seen some exchanges who have a good reputation who doing so, they just offer some new interesting features that can be used by its user.
Just be careful with that offer, the scammer is everywhere.
You're right, this is a new exchange, maybe they are banking that because of the halvening, there will be a growth of crypto investors that's why they ride the popularity and open an exchange with these so called discounts. It could attract though, but I'm not sure how long they can keep up with this attractive offerings for newbies. And we are not sure if these exchanges can be trusted, it's possible that it will pull an exit scam so we really need to be careful. As far as bitcoin halvening will boost the price? There are a lot of threads already.
Once again, too big expectations from halving, at the end we might have many disappointed users.
Optimism is good but we need to have different scenarios in mind, it's not only the price rise that is possible. I think there are some users who think that halving will solve all their problems by miracle.
Even if the price rise happens it might be only small and temporary so it's better to be more realistic.
Optimism is good but we need to have different scenarios in mind, it's not only the price rise that is possible. I think there are some users who think that halving will solve all their problems by miracle.
Even if the price rise happens it might be only small and temporary so it's better to be more realistic.
You may discuss on any existing bitcoin halving thread instead of create new topics. Lots of thread has been created on the forum regarding halving. Or you might simply use search button.
Anyway, the main reason of current bitcoin pump is FOMO. Halving is really not something related bitcoin pump. Halving is related with bitcoin mining reward, so please don't mixed up and don't expect much pump about this occasion.
Anyway, the main reason of current bitcoin pump is FOMO. Halving is really not something related bitcoin pump. Halving is related with bitcoin mining reward, so please don't mixed up and don't expect much pump about this occasion.
Am I the only one who thinks it's a new exchange? or is it not the exchange that is famously used? forgive me for my lack of knowledge.
I haven't seen some exchanges who have a good reputation who doing so, they just offer some new interesting features that can be used by its user.
Just be careful with that offer, the scammer is everywhere.
I haven't seen some exchanges who have a good reputation who doing so, they just offer some new interesting features that can be used by its user.
Just be careful with that offer, the scammer is everywhere.
That is why people get excited about the halving event because they'll have in their mind that prices may boost during and after that said event. But something we need to change our mindset this time, we probably know the situation and this will be a huge factor that such expectation will fail.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
People do really have that common impression in sentiments like these where they do believe that theres always a bull run or price increase in times of halving event. This is understandable for long term aspect but
for short ones? We shouldnt really have that kind of mindset because it will just frustrate us if price doesnt go into our expecatations.Anything can happen though but basing up on economic state then its hard
to tell that this particular time would really have significant consideration in most investors.Im not saying that pandemic is correlated to demand but we know on whats the priority now.
If it shoots up then its good for those who bought on the dip but if not then so be it.
That is why people get excited about the halving event because they'll have in their mind that prices may boost during and after that said event. But something we need to change our mindset this time, we probably know the situation and this will be a huge factor that such expectation will fail.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
I'm not dragging people to think negatively by then but to be real, the chances are lesser than what we think.
Many believe that halving will raise the value of bitcoin. Others watch with caution. But there is another reason that Bitcoin should grow. This is a crisis and a massive distribution of money to business and citizens.
Just a friendly word of advice, please use punctuation, it really hurts the brain trying to read what you wrote.
Although there Different predictions on how the Bitcoin price will Increase After Halving But this one I present to you is aiming to Increase its price after knowing that many people Thing of halving and when the world think on the way they tackle pandemic let us think on how We can grow economically My last thread was tried to analyze that halving will boost up the Bitcoin price and I said that the price will not increase suddenly But after some time 6month a year 0r 1 and a half
https://bitcointalksearch.org/topic/m.54337501
But Up to this Point after saw some Exchanges Effort I think Halving may Boost Bitcoin price soon after It took place may be within one or two weeks we will see those changes happen
Many Exchanges provides 50% Discount on the fee to encourage people to buy More BTC which this only will boost the price as its happening on the market
These two are Examples
https://crypto.com/exchange/syndicate BTC Halving Special 50% OFF $1,000,000 USD Allocation
https://exchange.bitcoin.com/ 50% Discount on BTC trading fees Any trading on BTC pair Fee is reduced by a half
https://bitcointalksearch.org/topic/m.54337501
But Up to this Point after saw some Exchanges Effort I think Halving may Boost Bitcoin price soon after It took place may be within one or two weeks we will see those changes happen
Many Exchanges provides 50% Discount on the fee to encourage people to buy More BTC which this only will boost the price as its happening on the market
These two are Examples
https://crypto.com/exchange/syndicate BTC Halving Special 50% OFF $1,000,000 USD Allocation
https://exchange.bitcoin.com/ 50% Discount on BTC trading fees Any trading on BTC pair Fee is reduced by a half
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