What will Happen to crypto market after Bitcoin halving?? - page 3.

Z_MBFM

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Quote from: Husires on April 20, 2024, 07:53:14 AM

If the price of Bitcoin occurs a large dump, we may see $50,000 or $40,000, and the price is now around $65,000. Therefore, even if the price dump occurs, traders will not lose much and may compensate for their loss before the end of the world.
Beginners invest when the price of Bitcoin increases every day, and then we will have reached more than $120,000 and emptying from there may take us back to $60,000, and the price will not be able to restore the old levels in the coming years, so now is not a bad time to buy, but if the price continues to increase On a daily basis, then time becomes bad.

Yes we have seen many bitcoin record history in the past where the next ATH was several times the price of the previous ATH. As 2017 ATH was $20k and next ATH was $68k+ so accordingly current ATH should be more than $120k. But we haven't seen it yet. However, since the Halving countdown has just ended, we may now see some positive effects on the price of Bitcoin. Even though the price of Bitcoin has not pumped much since the halving, we have not seen the market red. so it may still be a good time to invest in Bitcoin to enjoy the next opportunity

Ale88

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Quote from: dimonstration on April 20, 2024, 07:26:03 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

Nevertheless the outcome after halving is already different now compared the previous halving since we experienced early pump before the halving due to the ETF approval. Also the price is not showing any weakness compared before which the price correct more than 50%.

I’m expecting a massive pump when the sewer rats shake-off was finished.

Yeah, I'm confused as well because those numbers don't make any sense. Right now we're a $65.000ish, if we go down, in my opinion, we may reach $55k or something like that, I don't see any incoming "massive dump" (OP words). Lately bitcoin is less volatile than what it used to be so we can't just expect for history to repeat exactly the same all the time.

CageMabok

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Quote from: Redudletech on April 21, 2024, 06:08:41 AM

What I meant was that once Bitcoin reaches $70k to $72k am expecting a dump from there for it to make a correction if you should check the history of Bitcoin halving you should have understand although it's not a financial advice sir.

Even though everyone needs to know the history of Bitcoin's previous halving, it cannot always be used as a reference because what happened this year was very different in that Bitcoin was able to penetrate the ATH before the halving occurred this year. And if you expect a price correction in Bitcoin, this has actually happened to Bitcoin, which was previously at a price range of $70K and is now at $65K. And even though this is very small in terms of price correction percentage, you also have to accept the fact that Bitcoin is getting stronger at this time and is also quite different from before.

Kelvinid

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Well, as usual outcome from the spike in price is a drop. People are selling their BTC, they are taking the chance and so we witness a sudden drop in Bitcoin's price. But this is never look worrying in the sense that it recovers back as we believe that bull season is not over yet to think that it continue to drop more. It is too hard to keep the uprising momentum when not all are able to hold, panic selling and FOMO are still a huge factor affecting the market trend and this is not new. It happens before, now, and in the coming years.

But despite the current situation, it was not enough ground to think about no more ATH or it was happening already. People are still expecting that because ATH comes after halving, not before.

mamesso

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The halving has just ended, After this four year moment occurs, there will be price adjustments that must be taken into account. Even though Bitcoin prices seem to have fallen during this halving, investors enthusiasm and interest in Bitcoin remains high. They still believe the crypto market will show positive growth in the future and the long term potential of Bitcoin could break a new ATH after that.

The crypto market will show a positive effect after the Bitcoin supply is cut in half, usually the Bitcoin price can double or more after the halving. Even though the halving only occurs for one day, it will have a long impact in the period after the halving occurs, it is possible that the bull market cycle will occur again until mid 2025.

DanWalker

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Even a newbie like you can predict that bitcoin will have a big dump after the halving and before the big bull season arrives. If everyone is waiting for this and still hasn't decided to buy bitcoin, do you think the market makers and sharks will please the crowd? They will sell their bitcoins to retail investors like us who buy them, then they will bump the price so we can sell the bitcoins back to them at a high price. Are they that kind and is the bitcoin market really predictable?

What will happen to the market after the halving, I dare say that no one will know, mate.

Husires

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Quote from: Redudletech on April 21, 2024, 06:08:41 AM

What I meant was that once Bitcoin reaches $70k to $72k am expecting a dump from there for it to make a correction if you should check the history of Bitcoin halving you should have understand although it's not a financial advice sir.

If the price of Bitcoin had followed historical patterns, we would not have seen levels of $70,000, and since we were near these prices, a strong correction would always occur before the halving, which would lead the price to $30-40,000, but this has not happened currently, and I do not think it will happen soon, which means This pattern has been broken and we may see a completely different cycle from previous cycles.

Quote from: BlackBoss_ on April 20, 2024, 08:14:59 AM

If they want to invest in Bitcoin and get profit, if they believe Bitcoin will make $100,000 or higher, price around $60,000 is very good for entry. Now, they still have chance to do that, from $60,000 to $64,000, it's not too much different and does not mean too much to bargain $4,000 in price if they can earn like $30,000 or $40,000 in profit if Bitcoin hits $100,000.

Whoever wants to invest in the long term will buy, but most of those who have not bought yet are thinking about the short term, which is the possibility of a correction occurring, or at least until the middle of the year we will be below $70,000.

Redudletech

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Quote from: Mrbluntzy on April 21, 2024, 05:02:40 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

You opened this post yesterday while the price of Bitcoin was not even $70k or $72k, so what other crypto are you referring to? Since last week, Bitcoin was already less than $70k. Cease the confusion and make sure you always look at price before your create topics about Bitcoin price. After I saw this post, I just rush to check if the price of Bitcoin was already $90k which would have been the reason for you to make such gesture of $70k downward movement.

What I meant was that once Bitcoin reaches $70k to $72k am expecting a dump from there for it to make a correction if you should check the history of Bitcoin halving you should have understand although it's not a financial advice sir.

Mrbluntzy

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Quote from: Redudletech on April 20, 2024, 07:20:19 AM

I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

You opened this post yesterday while the price of Bitcoin was not even $70k or $72k, so what other crypto are you referring to? Since last week, Bitcoin was already less than $70k. Cease the confusion and make sure you always look at price before your create topics about Bitcoin price. After I saw this post, I just rush to check if the price of Bitcoin was already $90k which would have been the reason for you to make such gesture of $70k downward movement.

adaseb

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The reward from the miners is less. Which means overall there will be less selling, less selling means less buying required to keep price at the same levels. Some miners will be completely cut off due to the huge fees required to buy the equipment and keep it running with extreme low electricity costs.

Currently there will be $30M in less BTC added daily at the current prices. If bitcoin doubles that will be able $60M, so it will make a difference overall. The less people that are selling means that there is less resistance. But you get caught up in the hype and expect it to pump right after the halving. Could take months and months. Right now BTC and most risk-on markets have too much geopolitcal risks like we saw twice in the last 7 days.

nakamura12

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The result of the dump after halving might be because of the transaction fee going higher. I think the only ones who hold bitcoin would be those people who have lots of money and where those who doesn't have must be forced to sell because if they won't then they will lose some of their money just for the fees itself. I would do the same as those people because I won't be able to afford the fee and won't have any bitcoin left at all when transferring to another wallet.

uchegod-21

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Quote from: dimonstration on April 20, 2024, 07:26:03 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

I was just confused that I read Op twice to be sure I'm not the one reading wrongly. And till now OP has not edited it and yet he made the last post on this thread.

@Op, incase you don't know how to edit. On the post you made, look at the top right corner, you will see merit, edit and delete. Click the edit and correct your post and change the value of 70k or 72k to a lesser number to make the post meaningful.

Redudletech

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Quote from: Porfirii on April 20, 2024, 08:38:25 AM

Quote from: Redudletech on April 20, 2024, 08:07:45 AM

Quote from: dimonstration on April 20, 2024, 07:26:03 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

-snip-

From initial I said from my point of view and literally I can argue your point sir but am talking from my own point of view and perhaps it's not a financial advice just a view from my side let wait and see how the market plays.

After reading your message in the OP I have the same doubts as dimonstration. It has nothing to do with different points of view, but with understanding what you meant when you said you expect Bitcoin price dump to a price quite higher than the current price.

I think that you meant that price will increase from present levels but you foresee a massive dump when it reaches the 70K-72K range. Is that what you meant?

BTW, I was expecting a dump just after the halving, but I'm glad to see that the price is holding steady in the hours after.

Yes sir you got my points right that was what I was expecting to see a dump after the Bitcoin halving but currently Bitcoin is at neutral (crypto RSI)

Porfirii

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Quote from: Redudletech on April 20, 2024, 08:07:45 AM

Quote from: dimonstration on April 20, 2024, 07:26:03 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

-snip-

From initial I said from my point of view and literally I can argue your point sir but am talking from my own point of view and perhaps it's not a financial advice just a view from my side let wait and see how the market plays.

After reading your message in the OP I have the same doubts as dimonstration. It has nothing to do with different points of view, but with understanding what you meant when you said you expect Bitcoin price dump to a price quite higher than the current price.

I think that you meant that price will increase from present levels but you foresee a massive dump when it reaches the 70K-72K range. Is that what you meant?

BTW, I was expecting a dump just after the halving, but I'm glad to see that the price is holding steady in the hours after.

ryannw

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If you are going to hold for long term, effect of events like halving is also next to nothing.

Those who are impatient will not be able enjoy the real benefit of bitcoin investing. They will take out the rewards on small profit only. Like, from so many people I who started investing in 2012, even a single person is not able to hold those bitcoins purchased at that time. It is impossible to be that much patient for all.

BlackBoss_

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Quote from: Husires on April 20, 2024, 07:53:14 AM

If the price of Bitcoin occurs a large dump, we may see $50,000 or $40,000, and the price is now around $65,000. Therefore, even if the price dump occurs, traders will not lose much and may compensate for their loss before the end of the world.

In the last week, Bitcoin dives to price from $59,000 to $60,000 many times and if people did not buy these dips, they only can look at themselves and analyze why they hesitated to buy cheap bitcoins.

If they want to invest in Bitcoin and get profit, if they believe Bitcoin will make $100,000 or higher, price around $60,000 is very good for entry. Now, they still have chance to do that, from $60,000 to $64,000, it's not too much different and does not mean too much to bargain $4,000 in price if they can earn like $30,000 or $40,000 in profit if Bitcoin hits $100,000.

Redudletech

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Quote from: dimonstration on April 20, 2024, 07:26:03 AM

Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

Nevertheless the outcome after halving is already different now compared the previous halving since we experienced early pump before the halving due to the ETF approval. Also the price is not showing any weakness compared before which the price correct more than 50%.

I’m expecting a massive pump when the sewer rats shake-off was finished.

From initial I said from my point of view and literally I can argue your point sir but am talking from my own point of view and perhaps it's not a financial advice just a view from my side let wait and see how the market plays.

Husires

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If the price of Bitcoin occurs a large dump, we may see $50,000 or $40,000, and the price is now around $65,000. Therefore, even if the price dump occurs, traders will not lose much and may compensate for their loss before the end of the world.
Beginners invest when the price of Bitcoin increases every day, and then we will have reached more than $120,000 and emptying from there may take us back to $60,000, and the price will not be able to restore the old levels in the coming years, so now is not a bad time to buy, but if the price continues to increase On a daily basis, then time becomes bad.

Kamasylvia

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It's important to remember that correlations and effects between Bitcoin and other cryptocurrencies can vary, and predicting specific outcomes can be challenging. Each cryptocurrency has its own unique set of factors that influence its value and market dynamics.

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Quote from: Redudletech on April 20, 2024, 07:20:19 AM

According to history and recent Bitcoin halving the crypto market will witness a dump it might be massive dump before Bitcoin moves to its all time highs (ATH) having known this from my knowledge has a crypto trader I am expecting a dump at $70k to $72k soon which will cause massive confusion in the market for the newbies,

I’m literally confused to your statement even if I’m not a newbie. You are expecting a massive dump around 70K to 72K while the current is around 63k? Are you from future which the price above 100K or you are using the word dump in opposite meaning?

Nevertheless the outcome after halving is already different now compared the previous halving since we experienced early pump before the halving due to the ETF approval. Also the price is not showing any weakness compared before which the price correct more than 50%.

I’m expecting a massive pump when the sewer rats shake-off was finished.

Topic: What will Happen to crypto market after Bitcoin halving?? - page 3. (Read 544 times)