we all were waiting for bitcoin halving, we got bitcoin price halving - page 3.

Oasisman

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Quote from: Kelvinid on March 19, 2020, 06:00:25 PM

Could we have something to expect a market surge this coming halving? Not really for sure. We know the current market situation and this halving couldn't be enough to think and see that price blown but this thing could be possible of the community would like to help especially for all crypto holders won't sell the coins at cheap price. This is the only that we ask for and so we are able to see the market recover even though we never hit to its peak again but at least, we do something that could even move to $10k...it is really great.

Well, that's almost impossible to achieve in this community, where a lot of people are looking to earn profit by selling whenever the price hits the resistance level.
This is always gonna be the case. If you notice everytime Bitcoin hits the resistance level, the price tends to pull back for about 1%-3% and will struggle to maintain the range (most of the time).
Only the manipulators has the power to either make a price surge or a price slump.
Positive speculations may also help the market to rise.

yanto@1977

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Quote from: SwayStar123 on March 12, 2020, 02:50:49 PM

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

Your scenario is good but miners refuse to sell at loss is impossible. We know mining is expensive method to get bitcoin, you think until when they can hold because there's fees should pay and market in red zone, like or not they will sell it. Second reason is less bitcoin not always create high demand, people will try to find replacement and came back into currency ( forex ) is possible.

pooya87

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Quote from: OgNasty on March 19, 2020, 04:23:41 AM

I think there will be quite a few large mining operations filing for bankruptcy in the coming months. Many farms cannot just refuse to sell at a loss. There is a real possibility of a downward spiral in prices if the rise in price everyone is expecting due to the halving doesn’t materialize. Miners going broke, speculators bailing out, fresh investment drying up... This summer may end up being Bitcoin’s biggest test to date.

it is not that simple. it will all come down to who will give up and shut down first. and it has usually been the small miners who give up and leave not the big mining farms since their profitability is usually higher than small miners too since they have special contracts that helps them with a much cheaper electricity.
and since Satoshi designed bitcoin's proof of work well, it solves this issue as soon as some miners leave by re-adjusting difficulty to make it easier for the remaining miners to make profit again.

and it is not like price has fallen down to a ridiculously low price like $1000. 2 months ago price was in $6k range and it is in $6k range again today. and for the first 6 month of last year price was below $4k. in other words there is still room for miners to wiggle before we have to start worrying about profit of big mining farms.

Kelvinid

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Could we have something to expect a market surge this coming halving? Not really for sure. We know the current market situation and this halving couldn't be enough to think and see that price blown but this thing could be possible of the community would like to help especially for all crypto holders won't sell the coins at cheap price. This is the only that we ask for and so we are able to see the market recover even though we never hit to its peak again but at least, we do something that could even move to $10k...it is really great.

beerlover

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One week makes so much difference and I can totally understand it. One week ago we were really afraid that bitcoin was going down and now we are saying "well maybe not anymore" and that is what makes a difference in a week in corona as well. One week ago turkey had 1 person infected, today they have 200 with 2 dead another week and who knows.

So, we need to make sure that corona doesn't get worse in the world, we are literally finding ways to cure people now, everyone is working on it, this is a global pandemic, there is no way people are not spending tens of billions of dollars for vaccine this important, but that also doesn't mean that we can't be too cautious. If you have investments keep them, if you can spare some money to back in do it, but if you are in thin ice and do not have too much money, just be careful and stay away and buy what you need.

Raflesia

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In this year halving will be a little different from before, maybe some will not pay attention because the corona virus continues to hit this year so some who will look forward to halving that occurs may not be so high pressure, I even predict if bitcoin can reach $ 10k again that's good because it's a good increase after a severe decrease.

People will focus on the corona virus so that it will be more self-interested than investing in others.

OgNasty

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Quote from: SwayStar123 on March 12, 2020, 02:50:49 PM

Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

I think there will be quite a few large mining operations filing for bankruptcy in the coming months. Many farms cannot just refuse to sell at a loss. There is a real possibility of a downward spiral in prices if the rise in price everyone is expecting due to the halving doesn’t materialize. Miners going broke, speculators bailing out, fresh investment drying up... This summer may end up being Bitcoin’s biggest test to date.

Argoo

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Quote from: Findingnemo on March 12, 2020, 03:36:33 PM

The current scenario is completely different and no one seems to care about buying pressure because everyone is selling their coins due to the corona panic outbreak. Price seems to be declining continuously for now so speculation related to halving that will not be effective to bring the price back on track.

It still has to change. People urgently needed cash, they sold part of their bitcoins through exchanges and it fell in price. However, for a whole week, Bitcoin has stopped in the fall. The situation has stabilized. On the one hand, people are already stingy to survive the epidemic, on the other - they no longer want to sell it at such a low price. When the virus starts to fight effectively, the cryptocurrency market will begin to recover and a further decrease in rewards to miners can lead to good market growth. Also, the growth of the cryptocurrency market can be if, after a certain time, the global economic crisis begins. Then we’ll see if Bitcoin will be a refuge in economic crises.

pooya87

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the important thing you are missing is that miners are a very small part of the market so them selling or not selling is not going to affect the price specially during times when there is a lot of manipulation and sell pressure already pushing and keeping the price down.
effects of halving are always seen in long term not in short, the big rises that we have seen in the past "before" halving have always been due to hype as it is evident from the follow up drops of each hyped up rise. then the actual rise starts happening about a month or two after halving.

sunsilk

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Quote from: carter34 on March 18, 2020, 12:41:10 PM

We saw a different thing really since the corona virus came up and the expectation of the halving is now becoming gloomy. The It seem the corona took the price from us without notice, this is unfortunate. I hope the virus goes off soon before the halving comes so it can give faster price recovery.

Before, we can't seem to believe that Covid19 didn't actually hit the prices but we're all speculating now that it really has a reaction and connection to the sudden crash.

The halving that I've witnessed before it commenced, price was also reactive like this in these times and it was so stagnant and low. But, after the halving, reaction was starting to make it better and boom, the 2017 all-time high.

LeGaulois

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Quote from: carter34 on March 18, 2020, 12:41:10 PM

We saw a different thing really since the corona virus came up and the expectation of the halving is now becoming gloomy. The It seem the corona took the price from us without notice, this is unfortunate. I hope the virus goes off soon before the halving comes so it can give faster price recovery.

If you expect to see the crypto market recovering and the virus disappearing before Halving you can keep dreaming. The pandemic is worldwide and here to stay from 6 months to 2 years and this considering scientific are able to create something to fight it.

People should start to forget Halving and anything else to speculate on the price, BTC will continue to crash for other months,.

Either you buy BTC for a 1-2 year term, like there are good opportunities in the stock market, either you sell accepting your looses but anything else is useless currently. We're at 2 fingers to get a situation worst than in 2008

carter34

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We saw a different thing really since the corona virus came up and the expectation of the halving is now becoming gloomy. The It seem the corona took the price from us without notice, this is unfortunate. I hope the virus goes off soon before the halving comes so it can give faster price recovery.

maxreish

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I was expecting the bitcoin's performance going up slowly but things have changed and it dropped down too much.Well, it is too early to speculate. We have few more months before halving. This may take some recovery stage before we ever reach the what so called "peak".

On the other hand, this ncov outbreak we are suffering has a great impact obviously all were down. Stocks, cryptocurrency, economy. However, this is not forever and we are still gripping to that chance about the upcoming bitcoin halving that will somehow be the reason for the price pump.

imstillthebest

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Quote from: Findingnemo on March 12, 2020, 03:36:33 PM

The current scenario is completely different and no one seems to care about buying pressure because everyone is selling their coins due to the corona panic outbreak. Price seems to be declining continuously for now so speculation related to halving that will not be effective to bring the price back on track.

not everyone but most of them yes based on the percent of declines .

I salute those people who decided to stay because they are wiling to take temporary loss . there are those that care to buy because the prices of cryptos nowadays are so tempting that anyone cant resists tho the only problem is the cash because I know people also need some funds especially thesedays that markets are said to be closing temporarily . bitcoin halving is also the event that everyone is still waiting for to see if it can really up the value despite of the damage that delt by the virus .

jakelyson

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Quote from: mahilchii on March 14, 2020, 08:43:35 AM

Honestly I didn't expected this after some great performances shown from the past two months, well that's how crypto is all about. It's extremely volatile for sure, even the so called analysts and experts are confused for this huge downfall and the entire forum reveal corona virus was the one which caused the major problem for the downfall in the market, let's not break our heads on this let's hope things will settle down in a real quick time and this halving could be a great moment.

It is not just cryptomarket, the whole market is in crisis right now. No one really expected this to be this worse. This whole corona virus situation can still get worse until the vaccine is found. So we better prepare ourselves. For me, I am expecting the worse and hoping for the best. I am not dumping, but try to accumulate more and hope we see a better 2nd quarter 2020.

fabiorem

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mahilchii

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Honestly I didn't expected this after some great performances shown from the past two months, well that's how crypto is all about. It's extremely volatile for sure, even the so called analysts and experts are confused for this huge downfall and the entire forum reveal corona virus was the one which caused the major problem for the downfall in the market, let's not break our heads on this let's hope things will settle down in a real quick time and this halving could be a great moment.

Charles-Tim

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Quote from: Findingnemo on March 12, 2020, 03:36:33 PM

The current scenario is completely different and no one seems to care about buying pressure because everyone is selling their coins due to the corona panic outbreak. Price seems to be declining continuously for now so speculation related to halving that will not be effective to bring the price back on track.

Bitcoin halving will be in May, 2020. This is March and we still have April. I do not think you are right at all. There is still. More than a month to halving. Also know that 70% price fall is not directly linked to corona virus. The directly linked causes are investors that traded bitcoin for fiats to treat or to secure themselves against the virus. Because of this, the price decrease.

The other reasons are indirect in which whales, and investors are converting unstable currencies like bitcoin to stale ones and dollars because of the price decrease. So, the price further dropped significantly.

Bitcoin halving is still coming and we should be expecting this because the direct effect of corona virus only presumably has 30% of the price fall and other and indirect corona virus effect has 70% cause.

Findingnemo

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The current scenario is completely different and no one seems to care about buying pressure because everyone is selling their coins due to the corona panic outbreak. Price seems to be declining continuously for now so speculation related to halving that will not be effective to bring the price back on track.

SwayStar123

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Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

Topic: we all were waiting for bitcoin halving, we got bitcoin price halving - page 3. (Read 638 times)