Topic: Will Bitcoin have a price increase before the halving like we saw in 2016? - page 4. (Read 627 times)
January 07, 2020, 08:05:40 PM
Being an user of bitcoin for years I never thought of price increase for any specific time period. Always my choice is to prepare for the worst case, in this volatile market it is quite hard to predict precisely and benefit from it. If price has increased over the previous halvings it doesn't mean the same should take place this time. Looking upon the growth happening by now, there is more probability for continued price increase around the days of halving.
January 07, 2020, 08:04:48 PM
In my opinion, most likely history will repeat itself. The events that occurred in 2016 will repeat in 2020, therefore it nothing wrong
to make preparations before that happens. By starting to buy bitcoin from now on gradually, we can too see already two days bitcoin
prices continue to rise. This is likely a sign that before halving occurs the price of bitcoin will continue go up. Don't miss a big opportunity
like now to continue to collect as many Bitcoins as possible.
to make preparations before that happens. By starting to buy bitcoin from now on gradually, we can too see already two days bitcoin
prices continue to rise. This is likely a sign that before halving occurs the price of bitcoin will continue go up. Don't miss a big opportunity
like now to continue to collect as many Bitcoins as possible.
January 07, 2020, 07:39:08 PM
I don't think it would get to 50% gains, the market sentiment is different from this day, due to more informed investors, more restriction by the government, tougher competition, and such factors. But it's most likely to gain somewhere around 30% just enough to break $10,000 border. Then a stall might happen, but the long-term uptrend should be evident.
January 07, 2020, 07:36:05 PM
In reality, many people believe that halving is already discounted in the price if you follow the theories of down.
What I recommend you to do is research for yourself what has changed from 2016 and 2017 so far, there are more institutional players, a more robust market and more financial products such as derivatives and options.
What I recommend you to do is research for yourself what has changed from 2016 and 2017 so far, there are more institutional players, a more robust market and more financial products such as derivatives and options.
Indeed. The circumstances surrounding this year's halving is a lot different from the last one. We can't really base the results on what happened previously, especially at this point in time as it's likely the opposite may happen. Just like 2018's last quarter when people were expecting a rebound from the bear market, only to have the price plunge to that year's all time low.
January 07, 2020, 07:27:17 PM
maybe it can happen, I don't research data about bitcoin prices every year, But according to technical analysis as far as I know that the price of bitcoin is starting to show an up trend, as I said before that there is no analysis that is really 100% accurate, that's just my opinion, it's better to do your own research don't rely too much on other people's analysis.
January 07, 2020, 07:13:11 PM
of course, we must continue to hope and try, nothing is impossible in this world, I am sure that will be achieved if we all continue to work hard .. !!
January 07, 2020, 07:11:14 PM
In reality, many people believe that halving is already discounted in the price if you follow the theories of down.
What I recommend you to do is research for yourself what has changed from 2016 and 2017 so far, there are more institutional players, a more robust market and more financial products such as derivatives and options.
What I recommend you to do is research for yourself what has changed from 2016 and 2017 so far, there are more institutional players, a more robust market and more financial products such as derivatives and options.
January 07, 2020, 06:50:51 PM
It looks like we’re already seeing people preparing for the upcoming halving. It also could be a little FOMO going on as well.
January 07, 2020, 06:27:14 PM
In 2016 the halving was early July. Depending on the exchange, the price was as follows:
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
Expect, no. Possible and likely, yes.
Looking at the price 6 months before halvings and 12 months after has resulted in large fiat gains. Betting against it is a bad idea.
This year after the halving, there are more uses, more people aware of those uses, and a much smaller new supply as compared to the previous halvings. So more demand, less supply leads one to think it is likely the price will increase.
January 07, 2020, 06:14:33 PM
Should we expect something similar this time?
No problem if you hope a similar scheme may happen but don't expect too much. 2020 is much different than in 2016, the hype of Bitcoin asset isn't the same as that year. Most investors today are very careful and selective to invest their money. Moreover, pump-dump is like a new trend in crypto market currently. So, even though the possibility is always there, but we must also consider the current facts. January 07, 2020, 06:05:39 PM
In 2016 Bitcoin price had a rally BEFORE the halving and reached $779 20 days before halving, then there was correction and local low was $465 one month after the halving. And then 5 months of uptrend with a top at $1140.
If we try to project that to this year's situation, I'm predicting 12k to 14k on halving day (May 13), after that a correction to 10k and then long lasting uptrend with 21k to 24k till end of the year 2020.
If we try to project that to this year's situation, I'm predicting 12k to 14k on halving day (May 13), after that a correction to 10k and then long lasting uptrend with 21k to 24k till end of the year 2020.
January 07, 2020, 05:39:24 PM
We can expect for the chances because the similarity of the past halving and the one that we're having right now is showing. I'm confident that it will actually increase soon but better if we'd go and look for the future effect instead of the before-effect of the halving.
We knew what came next after the halving last time and this is more intriguing and exciting at the same time because we're talking about thousands of gains.
We knew what came next after the halving last time and this is more intriguing and exciting at the same time because we're talking about thousands of gains.
January 07, 2020, 04:55:59 PM
In 2016 the halving was early July. Depending on the exchange, the price was as follows:
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
"Past performance is no guarantee of future results", as what I have heard in this community for many years now. And I think it is true even up to this day. With that said, we really can't say if the price will increased by 50% or not. So that only thing we can do for now is wait and see how it goes. Another thing to remember is that the market is still young that we can't compare it's past historical graphs because there's not much data to compare, to begin with.
January 07, 2020, 01:26:03 PM
In 2016 the halving was early July. Depending on the exchange, the price was as follows:
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677
The price increased about 50% from May 1 to July 1 just before the halving event.
Should we expect something similar this time?
Well 50% isn't much, so it might occur. Even if it does, miners would still be earning less than the day before halving, if the price stays the same, they would earn exactly half, but if it increases 50%, they would be earning something like 75%.
Its a reasonable price to settle for, but anything could happen, temporarily that is.
So if price was assumed 7k (ignoring the latest uptrend) then 11.5k is 50% which sounds about right.
January 07, 2020, 10:37:52 AM
You know the saying: "it works until it doesn't". We could have surge in price or not - for me it doesn't matter. I just care about the actual halvening of mining rewards. That means less supply for an hopefully increasing demand. Moreover I expect the PlusToken bitcoin dumpers to deplete their stock thus relieving some of the sell pressure in the market. Hope for the best, but prepare for the worst 
January 07, 2020, 10:34:12 AM
Others said that history repeats itself! But still let's not rely on it, as the price from the year 2016 was far different from the price this year!
Expecting too much from the price will really hurt you as an investor, so let's just play safe and invest only the money we can afford to lose, let's be wise always.
Very well said I am strongly agree with you. The bitcoin's price today is really far from this past years prices. And nobody knows how high its gonna be. Let's just wait for that moment and dont expect too much in order to avoid dissappointment. Let's just take this as a motivation in holding coins until the halving and prevent spending too much coins for nonsense or else you will regret. Expecting too much from the price will really hurt you as an investor, so let's just play safe and invest only the money we can afford to lose, let's be wise always.
January 07, 2020, 10:23:37 AM
Others said that history repeats itself! But still let's not rely on it, as the price from the year 2016 was far different from the price this year!
Expecting too much from the price will really hurt you as an investor, so let's just play safe and invest only the money we can afford to lose, let's be wise always.
Expecting too much from the price will really hurt you as an investor, so let's just play safe and invest only the money we can afford to lose, let's be wise always.
January 07, 2020, 09:40:26 AM
Chances is that it will increase in price, but the ranging of values or percentage that it may get may still be lower than 2016,as year 2016 as many people still investing since governments were not that strict that time in implementing bitcoin unlike now that many puts bad name in crypto due to banning of some countries. However many long time believer might add more investment in their portfolio before halving as we believe btc is still have a chance to be bullish again.
Indeed, it definitely increase in value during or at least after the halving, but since governments are more stern with the laws and taxes they apply we shouldn't expect it to be much. Though it should still be something considerable. As of now there are no major changes in the price of bitcoin so it's safe to say that there is still a couple of months before the halving happens. 
January 07, 2020, 09:35:27 AM
Chances is that it will increase in price, but the ranging of values or percentage that it may get may still be lower than 2016,as year 2016 as many people still investing since governments were not that strict that time in implementing bitcoin unlike now that many puts bad name in crypto due to banning of some countries. However many long time believer might add more investment in their portfolio before halving as we believe btc is still have a chance to be bullish again.
January 07, 2020, 09:32:38 AM
That is hard to tell for sure. So far Bitcoin has proved that it doesn't necessary behave according to some patterns so it's not very clever to compare with situation in 2016.
To my opinion we might see some price rise before halving but that will probably be temporary and it will not last for a longer period of time. Also I don't expect to see some huge price jump.
To my opinion we might see some price rise before halving but that will probably be temporary and it will not last for a longer period of time. Also I don't expect to see some huge price jump.
Jump to: