Will Bitcoin Price Halving succeed with Currently Situation - page 4.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: kemoglo on March 18, 2020, 07:20:31 PM

Why wouldn't it though? BTC Halving always comes with it times of uncertainty / high volatility, bitcoin is literally doing the same it's been doing in the past, albeit this time is a bit exacerbated by the current world events that people are looking to cash out, but other than that I see no point for halving not to go through successfully as it has done in the past.

I did not say the Bitcoin halving will not succeed. I said I don't expect the price to change positively like before because of the recession. The halving will obviously happen under normal conditions. This doesn't have to change as it's the mechanism of BTC and the mechanism isn't affected by the virus/recession.

However, people are in doubt about basically everything right now: authorities are intentionally not taking the necessary measures to stop the virus, gold and silver which were considered safe havens are falling together with cryptocurrencies, stocks are (or at least were a few days ago) hitting the ground and so on. Everything's uncertain as of now so I don't see why people would get hyped about BTC during a recession. There are way more important things to think about right now, BTC has probably fallen from the top on many people's lists of priorities.

davis196

hero member

Activity: 3164

Merit: 937

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.

The term "price halving" in your thread title is wrong.If you don't know what BTC halving actually is,then you should read more about the subject,instead of posting pointless forum threads.It's called halving because the BTC reward,that miners get after every successfully mined Bitcoin get decreased by half.
This has absolutely nothing to do with the current Bitcoin price.The last BTC halvings at 2012 and 2016 occurred when the Bitcoin price was below 1K USD,so why do you even ask this question.

fiulpro

hero member

Activity: 1890

Merit: 831

I do not think that it would be a profitable moment for all the bitcoiners.
( But then again it's purely speculative , therefore is not a reliable option)
Due to Corona virus , buying and selling of bitcoins is much into demand , banks are failing , economics are going down , people are paying 1000$ for a test without insurance. . .
The whole world is in a chaos and I do think , Halving is least of our concern .

YOSHIE

legendary

Activity: 2128

Merit: 1775

People can still trade cryoto assets in their homes, in the current situation.

What are you doubting, I am more afraid if the internet cannot be used anymore by everyone in this world, the reduction of Bitcoin does not affect the current conditions, normal, while people can still open the internet, electricity to trade crypto.
No need to worry and worry that everything will be fine in the future, Bitcoin will recover.

687_2

full member

Activity: 173

Merit: 105

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.

Price is the intersection of two curves: quantity demanded and quantity supplied. If demand, or people's general taste or preference, for Bitcoin remains unchanged or increases, and at the same time the quantity supplied of bitcoin remains the same or decreases, then the price of Bitcoin must increase.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I believe bitcoin price will recover soon. No matter how long it will increase, the price will start to rise slowly, and it will back to the higher rate. Bitcoin is stronger than we know, and many people still believe the bitcoin price will increase too at the right time. But we don't know if bitcoin price can rise before halving or after halving because we don't have the right information about that. The only thing that we can do now is buying more bitcoin, watching the price moves, or leave the market for a while until our alarm can sound.

gokumarket

newbie

Activity: 32

Merit: 0

The third Bitcoin halving is less than two months away, but due to the pandemic of the coronavirus, the global economy is on the verge of collapse. At such a situation the government is advising to go digital to people across the globe, as the situation is scary yet, it can be a start of crypto digital revolution towards acceptance across the globe. Stay positive. Cool

KrisAlex18

full member

Activity: 742

Merit: 160

Bitcoin will recover sooner, it will happen for sure, the COVID-19 really affects the traders, players, investors, etc. that is why the market also gets affected, but I think it will the price of the bitcoin will still remain next month especially if the virus is still there in our country, but do not panic with that because that is really normal for the bitcoin to change its price day by day, we should expect that to happen because of its features. It won't be dead, because it is not like other businesses in our country, it is totally different with our system in our land, the feature of being decentralized of the cryptocurrency makes it really different to others.

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

Well said mate, we cannot conclude or predict the price of the bitcoin because it always change day by day, I really thought that the very smallest amount that the bitcoin can reach within this year is only 6,000$ but it all changed because of the COVID-19, which results of reaching 3,900 US dollars.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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

and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Price increases are never, and I mean never, guaranteed. Yes, even in a halving event, especially in the short to mid term span. In the long term though, the halving is really likely to affect the price in a positive way.

pooya87

legendary

Activity: 3472

Merit: 10611

the drop is more than 50% not 35! and it is not possible to predict what is going to happen at this point. for the time being the world markets are still crashing but interestingly enough bitcoin price drop was big but lasted very little and has been over for a while now. it is possible that this be the indication of the end of panic and exit of weak hands and the end of manipulation which could lead to the rise the closer we get to the halving.

Darker45

legendary

Activity: 2576

Merit: 1860

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.

The price drop of Bitcoin is more than 35% from its high price within the year 2020. Well, I also believed that Bitcoin's price will also rise before the halving, although I was also in the belief that immediately right before the event the price is already correcting. Predictions are just that, mere predictions. In the end, there are unique factors coming into play that will prove to be more influential to Bitcoin's price than the reward halving.

The circumstances at the moment is dictating the price of Bitcoin. And it's really losing much value. I, therefore, think that whatever early positive forecast of Bitcoin's price is changing now. I guess we'll just have to look forward to the months after the halving actually took place. That's the perfect time for the event to seep in the market.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: Rengga Jati on March 18, 2020, 06:59:51 PM

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..

Many people think that the drop of the BTC price currently has relationships with the huge spreading of coronavirus, converting their BTC to fiat in order to fulfill the daily needs that really have a big crazy increasing price for real. But, some other reasons may also influence.

This may have a reverse affect too. People are locked down in some countries and if all the country follow the same, bank and other financial institution will also be closed which may force people to use bitcoin because it can be used from anywhere. I think this will have affect.

seoincorporation

legendary

Activity: 3346

Merit: 3125

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 is a complex question, the economic war between China and the world is on it's top today, and that is fucking up not only bitcoin and crypto markets, but all the markets are also crashing now. So, in the past bitcoin has been bumping for the halving, but this time is totally different, the whole world is getting in a crisis. It is hard to predict what will happen with bitcoin price right now.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Historically, after a block halving, the price will shoot up, months and years and went into the bubble.

However, this year's halving might be different though, because we have a pandemic, in which the past halving didn't have. If the price will go on a bull-run, it might take a little longer.

So I would say that don't expect something big to happen this year, unless the covid-19 scare has completely settled down, meaning vaccine has been discovered to stop the virus for good.

kemoglo

member

Activity: 83

Merit: 15

Quote from: 20kevin20 on March 18, 2020, 05:10:12 PM

I doubt it. Anything is possible, but this is a very uncertain period of time so expect anything to happen. As far as I know, the price usually bumps up about an year post halving. Other people's analysis may prove me wrong, this is how I remember it.

Bitcoin still needs to prove its purpose. Bitcoin needs to find the answer to the meaning of its existence. Halving will make BTC much scarcer, but that doesn't necessarily mean the price will be positively affected. I'd like to believe that in an year prices will soar to All-Time-Highs, but I am afraid the recession will let this happen only many months/years later than it's supposed to happen.

Why wouldn't it though? BTC Halving always comes with it times of uncertainty / high volatility, bitcoin is literally doing the same it's been doing in the past, albeit this time is a bit exacerbated by the current world events that people are looking to cash out, but other than that I see no point for halving not to go through successfully as it has done in the past.

Sadlife

sr. member

Activity: 1400

Merit: 269

Yes i also believe that we're oversold right now and Bitcoin has always been a downtrend when halving is about to come and showed us some crazy price movements. But this time is different, right now there's a global financial crisis that plunge stock markets that's correlated with Bitcoin.
I just hope investors and traders will take notice of Bitcoin's value as a free currency without a monetary system to control it.

Rengga Jati

hero member

Activity: 2072

Merit: 656

Hire Bitcointalk Camp. Manager @ r7promotions.com

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..

Many people think that the drop of the BTC price currently has relationships with the huge spreading of coronavirus, converting their BTC to fiat in order to fulfill the daily needs that really have a big crazy increasing price for real. But, some other reasons may also influence.

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

and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The halving will be around May 20, 2020. The halving means for cutting half of the block reward. Theoretically, halving will give positive effect on the BTC price. It is related to supply & demand.

However, of course, the increase of the BTC will not happen very easily right away. There must be a process and also how to hype the halving. related to this current situation, the global economy, hopefully, will end soon and the market will continue to progress again. So, when the Bitcoin is doing its halving, the positive effect will influence soon.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

The bitcoin price rose after halving, it did last year and I think it might do its thing this year too. Halving's purpose is already stated so I don't think we should even say that it will not succeed since the main purpose of it is the answer here.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

What do you mean by "succeed"? Halving wasn't designed to boost the price or cause a bull market, it's there to create limited supply, and of course it will "succeed" in a sense that it will happen and it will be smooth - this same code was already executed during past halvings.

There's no guarantee that it will cause another bull market, just because there were 2 bull markets after past halvings, it doesn't mean it must happen again. For example, there were already 2 rallies - the one that ended at $13.5k and the recent that ended at $10k - these two can be attributed to halving. I see them as a sign that the market is unlikely to repeat the old pattern and will instead bring something new.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

There is nothing to worry about it is just a temple phase before halving. Historically just few months before halving price of Bitcoin always goes down and then again goes up.

Considering the global economic situation there might be a little bit pressure on Bitcoin price but, there is nothing to worry as Bitcoin has always come out of worst situation.

Topic: Will Bitcoin Price Halving succeed with Currently Situation - page 4. (Read 574 times)