Topic: What this Bitcoin halving bring? Does the Bitcoin price go up or down? - page 2. (Read 282 times)
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April 27, 2020, 04:16:01 AM
this is just a prediction, it's just that if we match the data, the price of bitcoin is likely to go up. but we don't know whether this year will go up, or next year, because based on the history of bitcoin the price will go up 1 year after halving. for now, I'm pretty sure that the price of bitcoin will go up, it's just that I don't really expect that the increase will be very high.
April 27, 2020, 03:33:26 AM
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular.
360 degrees change would end up in the same place! so in other words you are saying there was no change in which case you are correct 
nothing about the "industry" changed in 2016 when bitcoin block reward halved. and as for bitcoin popularity, it is always growing and it has nothing to do with halving.
Quote
Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
wrong.Quote
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
the halving event itself (the week of it) has always been pure hype and during hyped up times price sees excited rises that don't even last. but the real halving effects that are more long term will come after the halving itself. nothing about that is changing either. it will be like before as demand increases while the supply is still limited. 
April 27, 2020, 03:33:06 AM
Bitcoin tends to drop before and after a block-reward halving in the short term. Halving drops the amount of BTC that is mined as Bitcoin approaches its fixed supply of 21 million, miners will earn less BTC after the halving for performing the same work.
April 27, 2020, 03:30:45 AM
If we look at the historical data, it may be reasonable to wait for the price to rise in an average of about a year. However, history may not always recur. Therefore, I suggest you not to be price-oriented in the short term.
Increasing block rewards after halving may not be sufficient for a price increase alone. In addition, we should see FOMO, a psychological positive atmosphere. Those who remember 2017 remember that the price continues to increase day by day. We cannot explain this with data alone. Whales, institutional players, block reward, awareness-raising, and of course FOMO! It should not be forgotten that, when the price increase expectation comes, the increasing volume increases the price. And when it starts, it may be possible to see very rapid price increases from time to time.
Increasing block rewards after halving may not be sufficient for a price increase alone. In addition, we should see FOMO, a psychological positive atmosphere. Those who remember 2017 remember that the price continues to increase day by day. We cannot explain this with data alone. Whales, institutional players, block reward, awareness-raising, and of course FOMO! It should not be forgotten that, when the price increase expectation comes, the increasing volume increases the price. And when it starts, it may be possible to see very rapid price increases from time to time.
April 27, 2020, 02:14:47 AM
Always remember that there are people involved! Speculation is the largest contributor to price movements.
So if you have a situation - such as bitcoin halving - where everyone expects the price to increase, this expectation in itself pushes prices upwards, because everyone wants to own something that will increase in value. The effect of this is that any price increase is largely or indeed entirely priced in prior to the event actually occurring. In fact, what we often see is that this expectation of increase is overly optimistic, and has the effect of pushing the prices higher than the event itself might merit. Which in turn leads, perhaps counterintuitively, to a price drop when the event actually occurs.
Of course there is a lot of guesswork involved in predicting crypto price movements. Just don't forget the above is a possibility!
So if you have a situation - such as bitcoin halving - where everyone expects the price to increase, this expectation in itself pushes prices upwards, because everyone wants to own something that will increase in value. The effect of this is that any price increase is largely or indeed entirely priced in prior to the event actually occurring. In fact, what we often see is that this expectation of increase is overly optimistic, and has the effect of pushing the prices higher than the event itself might merit. Which in turn leads, perhaps counterintuitively, to a price drop when the event actually occurs.
Of course there is a lot of guesswork involved in predicting crypto price movements. Just don't forget the above is a possibility!
April 27, 2020, 12:16:04 AM
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
The Bitcoin block halving supposedly not an event where the price is rising or make a bullrun. It's just that the trend when the last 2 halving occured shows a good price movement. That's what the people was following and expecting the same price movements. Though it isn't guaranteed that it will happen, but the optimistic mindset of investors will make it happen.
But then again, there's no guarantee. The pandemic only had a minimal impact in cryptocurrency though.
April 27, 2020, 12:05:05 AM
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,
ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/
But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.
April 27, 2020, 12:00:21 AM
~ what this Bitcoin halving bring?
What is certain is that block rewards will become 6.25 from the previous 12.5Does the Bitcoin price go up or down?
This is a matter of speculation and it could go either way. Based on past halvings, price tends to go up but as @mk4 has stated, it still depends on the demand and the supply. There is also the argument that since miner's reward will be reduced by half (from 12.5 to 6.25), it also means they won't be able to sell as much BTC as much as they used to do.It seems the "Corona effect" is now over as Bitcoin is concerned. The price is now slowly recovering from the crash when COVID-19 was declared as a global pandemic where both "whales" & retail investors cashed out.
April 26, 2020, 11:42:31 PM
Many bitcoiners believe halving will lead to a price increase, that's why it's considered to be very important event. The truth is, no one knows what's going to happen. On July 16, 2016, the day of the second halving, the price dropped by 10 percent to $610, but then shot back up to where it was before. There was little evidence the sudden reduction in bitcoin’s minting rate had a long-term impact on the price.
April 26, 2020, 11:37:25 PM
Pandemic or no pandemic, bitcoin isn't guaranteed to go up even with the halving. Even if it would make sense for bitcoin to go up due to the reward halving per block, in the end, it always boils down to one thing— supply and demand. And since there's no way for us to know how much people would be buying and selling after the halving, there's no way to know how bitcoin will move.
April 26, 2020, 11:20:55 PM
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?
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