Will Bitcoin Price Halving succeed with Currently Situation - page 2.

BlackFor3st

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

It will always depend to the situation also especially that we are facing a pandemic right now. But if in case the vaccine will be discovered before the halving then there is a chance that we can expect the market to skyrocket if the demand will likely to grow once the pandemic will be solve.

The market goes down badly because there are plenty of countries that impose a lock down and because of it many are stocking their daily needs like food and etc. If this pandemic didn't happen, there is a big chance that the market is already lively right now as we successfully break the 10k barrier of bitcoin price and we will be likely to see a 15-20k$ of bitcoin price before the halving.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

We are so hopeful for this halving but not it gives assurance that everything will be fine and set for another ATH. It possible to see a few pumps, in fact, we have noticed that this time. The only thing we have to make this time is to keep calm, be patient and never get affected by the FUDs that we mostly heard around. This all be temporary, we will not sticking to this situation all the time. And the most important thing we should have to do is to keep safe from coronavirus coz it helps a lot.

fabiorem

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Yes, it will cut bitcoin cost of production in half.

Today the cost to make one bitcoin is $8k. And the standard market price is $6k. The bottom is $3k.
After the halving, the cost will be $4k. And the standard market price will be $3k. The bottom will be $1.5k.

For this reason, many miners will stop their operations, as it will cost less to make a single coin. This means less profit and less motivation to continue.
I trust the medical establishment and vaccines will be a solution for the current financial crisis. After the vaccine everything will flourish again.

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Success of halving is not in the price increase, there was never a case of immediate price increase at halving, we have not seen less than 3 months after halving of pump so might need more patience. I don't know why i see different dates of halving online but we sure the halving will take place in May irrespective of the drop in the harsh rate of the halving and reduction of miners. Sincerely am getting bored with the trend i want to see good green market again

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Quote from: South Park on March 24, 2020, 12:34:51 PM

Quote from: Mulann2 on March 20, 2020, 10:29:02 AM

am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

It is not going to be as simple as that, even if the issue with the current pandemic was resolved today it will have lasting effects on the economy, many people lost their jobs and many businesses went bankrupt as well, governments will indebt themselves even more to try to get out of this crisis and we are facing a bear market that will last a long time, as such I think that even the halving will not be enough to push the price of bitcoin up.

And if we look at the current situation in the world because of the coronavirus from the point of view that this will affect the search for investors of other sources for investment, and in this case the cryptocurrency market, especially Bitcoin, can be a good alternative, since even oil prices have fallen more than 50% and according to the latest news from Saudi Arabia and the United Arab Emirates, oil prices will continue to decline. I believe that only increased interest in cryptocurrency will improve the state of the cryptocurrency market, which is quite possible and expected in the current situation.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

I think bitcoin will run huge after bitcoin halving. Because halving will reduce the reward of miners. The last bull market started after the halving of 2016. So here we can expect something good. However, the situation in the world is not good now. We do not know what is going to happen in the coming days.

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Quote from: Mulann2 on March 20, 2020, 10:29:02 AM

am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

It is not going to be as simple as that, even if the issue with the current pandemic was resolved today it will have lasting effects on the economy, many people lost their jobs and many businesses went bankrupt as well, governments will indebt themselves even more to try to get out of this crisis and we are facing a bear market that will last a long time, as such I think that even the halving will not be enough to push the price of bitcoin up.

tbterryboy

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Well, if you are asking technically, there is no way halving is not happening, it will definitely happen, however at the same time we just don't know what the price will do. To start with we have been 7k when this year started, so lets not get too worried just yet, we were around that level just yesterday, obviously we are doing fine.

Plus, halving will make sure inflation is lower so it is not like a one day thing, you are not going to suddenly see bitcoin going up like crazy, people think that bitcoin price will go up in May/June just because of halving, that is not how it works. First we get less bitcoin printed, then we get less bitcoin sold, then we get higher liquidity but less availability, that means scarcity, that means more people buying for higher because there are less people selling.

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Quote from: Becky666 on March 20, 2020, 12:57:35 PM

Whales alert had shown that they are the market manipulators as it has clearly tells they decide what happen to the general market, as at today and few days back, they have been moving funds from various destinations either to dump and take their profit, sometimes they mop the market for personal gains. They're the major problem the cryptocurrency community has and if nothing is done they will continue manipulating the entire market. Hope the Bitcoin halving goes as well and as history to repeat itself. Few months ahead of the big event to surface, hope you have stash your coins for profit?.

I'm not sure what you mean here, it's never been clear. Always, just as the nature of the market itself, speculative. I mean, I've seen myself the evidence of whale movements, spoofing bots etc. but when I personally sell or buy, those things do not affect me, and I can't see the clear correlation at all, especially when whales buy and prices go down.

If they're really manipulating the market, why are people still getting into it? If you believe, like some states do, or regulators, why are you buying into Bitcoin?

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Quote from: wxxyrqa on March 19, 2020, 12:06:30 PM

Quote from: Reatim on March 19, 2020, 11:11:48 AM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

Historical indicators indicate that halving in any case should positively affect the price of bitcoin. But I have the impression that many cryptocurrency users do not think about the results of their desires when they expect a drop in the price of bitcoin in order to buy a cheaper coin. Each time the market falls, it is very difficult to lift it from the bottom. It is necessary to take into account the fact that with negative events in the cryptocurrency market, many potential investors are disappointed and leave the market. I believe that the situation cannot be brought to such a degree of complexity.

Investors leave market for a while because of disappointments but they are coming back once the green signal starts and with this occasion surely reinvesting is what they will do first hand.
And why need to be bother if you are investors when the purchasing happens in this kind of market.

Quote from: gentlemand on March 20, 2020, 04:03:58 PM

The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

But this unhappy memory will sooner be change when the Crisis ends and the Halving comes though nothing is certain but i am not losing my hope this second quarter.

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Quote from: gentlemand on March 20, 2020, 04:03:58 PM

The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

The current situation is very important for bitcoin however its effect is not clear yet. Inflation or fast rise then sudden crash or volatility are normal regarding bitcoin history and we got used on it.
For the moment, people are panicking and this panic is increasing day after day. Markets over the world are losing too much, the number of isolated towns/states/even countries is increasing too every day.. Cash won't help you in your home, some people will not prefer to touch it since it could be contaminated and with banks queues/limited open times, cashless options are the best solution to shop IRL/online with credit cards or cryptocurrencies. What could make bitcoin more attractive is to see the price lower and you realise that it will increase soon. I believe "big whales" realised that and decided to lower the price so more people will join in this disastrous moments.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Well, so far as I have noticed after the halving Bitcoin price was successfully rising so I'm pretty sure that the price will eventually gonna rise after a some months. We just don't know yet when will it's going to happen but most people expected it to happen in 2021. Maybe they were right or maybe not but let's just wait and see how would the market is going to react with the volatile situation.

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The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

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Quote from: rdluffy on March 18, 2020, 03:35:12 PM

Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

We have trying to treat bitcoin like other cryptocurrencies and that is bad for the entire cryptocurrencies. Just yesterday and this morning bitcoin and some of the coins has gained tremendously but those gains has been wiped out because of what is happening in the traditional market. Halving is an event that always Creates positive impact on the market and I believe before then we there is cure for covid19 bitcoin will surge high.

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Quote from: XCANA on March 20, 2020, 12:44:52 PM

Quote from: katiepower on March 20, 2020, 09:11:23 AM

The price has already started to rise, and I think the situation will stabilize in the near future.

<•••••••>
Let's wait and see their games everywhere before Bitcoin halving and after, to determine the outcome as the outcome can't be predicted now due to it volatility.

Whales alert had shown that they are the market manipulators as it has clearly tells they decide what happen to the general market, as at today and few days back, they have been moving funds from various destinations either to dump and take their profit, sometimes they mop the market for personal gains. They're the major problem the cryptocurrency community has and if nothing is done they will continue manipulating the entire market. Hope the Bitcoin halving goes as well and as history to repeat itself. Few months ahead of the big event to surface, hope you have stash your coins for profit?.

XCANA

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Quote from: katiepower on March 20, 2020, 09:11:23 AM

The price has already started to rise, and I think the situation will stabilize in the near future.

You're correct but the recent sell orders from these whales is likely to give us what we need at the present. Seeing the market as at today, they have been moving their coins from exchange to unknown wallets while at the same time some were seen moving theirs from storage wallets to exchange to dump. Have said this and will still reiterate it, the power for bitcoin to soar depend on the community members that surround Bitcoin.

Let's wait and see their games everywhere before Bitcoin halving and after, to determine the outcome as the outcome can't be predicted now due to it volatility.

Mulann2

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am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

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Quote from: joshy23 on March 20, 2020, 06:10:33 AM

Quote from: K4C on March 19, 2020, 04:54:22 PM

No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.

The current market is moving positively and it's showing good bounce hopefully it's the beginning of the rise inside the market. Though no one knows what will be the real score but everything is working in how the traders and investors like it to happen.
Be positive and buy when you are ready to invest for longer time period. The effect of halving will be there same with how it works before.

One of our huge problem is the market price because when the outbreak are happening the market price of the bitcoin and the altcoins drop and this is not quite good still we need to make some changes and now the price of the bitcoin recovering and this is a good sign for having a market income or profit because it is normally back and give a good market income. Still the halving is coming and we are looking forward to make more earning with the help of the slowly process of increasing of income.

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Only if whale pump it or economy will grow in general

South Park

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Quote from: rdluffy on March 18, 2020, 03:35:12 PM

Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

During the last two days we have seen an important recovery in the market and bitcoin is trading once again above 6k but I cannot help to think this is a premature movement, we all know that most likely the huge drop was caused by the economy suffering because the corona virus and I do not see any big recovery there so I think most likely during the next days the price should go down as the number of buyers decreases and the supply of bitcoin in the market increases as miners have to sell their coins to cover their costs.

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