Your plan if no significant move on Bitcoin price along with the halving? - page 7.

gentlemand

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Quote from: kaya11 on December 21, 2019, 06:20:54 PM

I think I am gonna quit, I will just let my future get along with my current standings in life and go on living a simple life. As of now for me bitcoin is a ticket of big time success, if it really does goes down, then I will just have to accept it and make my business on my town grow without engaging in bitcoin or in any crypto anymore.

Or you could just wait a bit longer? The people pouring money into services like Bakkt aren't doing it for fun. They're expecting a future where it's much, much larger than it is now. It may not arrive on the timescale so many here seem to think is already in the bag but that doesn't mean one unexpected misfire signals it's over for good.

If zilch has happened by the end of 2021 I'll be rattled but I won't be throwing in the towel.

joelsamuya

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I am expecting some significant jump in Bitcoin price leading to the scheduled halving that can happen within May 2020. However, we all know that Bitcoin may or may not be following its own historical precedents so as we all know there is no guarantee here. I am not so sure how would I feel and what will I do in case there can be failure for appreciation but maybe I will just have to wait for 2021. Maybe we are already expecting too much with Bitcoin and this uncontrolled expectation can be dangerous if it is not meet exceedingly.

bitbunnny

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I don't expect that halving will bring some major price changes, I never counted on that so in fact Idon't have any special plan different to what I'm doing now.
I will continue to keep the balance between keeping and spending Bitcoin and as long as I have some steady income in Bitcoin I don't worry too much about the price.

kaya11

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Quote from: Rengga Jati on December 21, 2019, 04:54:17 AM

Quote from: Rengga Jati on December 20, 2019, 07:00:45 AM

- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)

We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021. The first and second halving have proven significant moves on Bitcoin values. So, it makes sense if we believe that in 2021 will be another great year for Bitcoin.

However, who knows about it. No guarantee for the rising of Bitcoin value. Since Bitcoin is decentralized and no authority to have the responsibility, a bad scenario may happen to break off our expectations. So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?

- Disappointed and directly trade all holding Bitcoins.
- Keep holding until the next rising.
- No idea. I will think and replan later.
- Others (Write down on your reply).

*Sorry if this topic was already discussed before. I've used the search button and find out no result.

I think I am gonna quit, I will just let my future get along with my current standings in life and go on living a simple life. As of now for me bitcoin is a ticket of big time success, if it really does goes down, then I will just have to accept it and make my business on my town grow without engaging in bitcoin or in any crypto anymore.

Amel

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Yeah it should be the scenario, but it's true what you say, no matter how good we hope in the bitcoin scenario, bitcoin will still store various surprises later. Some time ago I found a thread, which in my opinion could illustrate a scenario that might occur in 2021, was made based on the two previous scenarios. Let's look here.

Quote from: GP1992 on November 22, 2019, 09:42:31 AM

https://es.tradingview.com/chart/BTCUSD/HbvGBqZG/

UPDATE: (27/11/2019)

Bitcoin prediction 2.0, more informative about trends and proportions, best technique for the construction of the curve.
https://www.tradingview.com/chart/BTCUSD/na03w2tl-Bitcoin-Long-term-prediction-2-0/

sana54210

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I would still keep holding bitcoin in my wallet and I would keep holding it if it goes up or down as well. What people are missing out is that not everyone cares about the price of bitcoin in the short term. People think one week is short term, 3 years is short term for my sense of investment.

I will be able to retire at the age of 56 with the laws of my country so I do not have any problems at all or any issues after I am 56, what I need is a way of not having to worry about money until I am 56 and that is where bitcoin goes into affect, I need to manage to have enough money to cover me for the next 25 years and bitcoin is not there just yet.

I want bitcoin to be at least 100 thousand dollars, if that happens (which I doubt will happen any time soon) I will sell my coins, until then I don't care about halving, I don't care about bakkt, I don't care about SEC or libra or anything else.

X-ray

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Just hold, the market is unpredictable and the right thing to do is to wait for our target to be reached and if this halving happen to can't fulfil my target then there's nothing i really want to do actually and I think people will think the same too. it'll be yet another ordinary hodl day for us the hodlers which has become the norm whatsoever.

Febo

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Quote from: Rengga Jati on December 21, 2019, 04:54:17 AM

We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021.

There is two years to go to 2021. Only way for Bitcoin not to go over $20k is a fatal flaw in protocol or if we get a huge financial crysis in worst time possible so in start or mid 2021. Making plans for 2 years ahead in Bitcoin is a bit silly to me. I mean you can plan to hold, but not to buy or sell.

FLoving

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Quote from: Rengga Jati on December 21, 2019, 04:54:17 AM

Quote from: Rengga Jati on December 20, 2019, 07:00:45 AM

- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)

We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021. The first and second halving have proven significant moves on Bitcoin values. So, it makes sense if we believe that in 2021 will be another great year for Bitcoin.

However, who knows about it. No guarantee for the rising of Bitcoin value. Since Bitcoin is decentralized and no authority to have the responsibility, a bad scenario may happen to break off our expectations. So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?

- Disappointed and directly trade all holding Bitcoins.
- Keep holding until the next rising.
- No idea. I will think and replan later.
- Others (Write down on your reply).

*Sorry if this topic was already discussed before. I've used the search button and find out no result.

Along with the chart we have to observe the mechanism of the halving that why it happens and what affect of it comes on the market. With halving I know the supply will be reduced and it will trigger the rise of the price. So keeping this in my mind I will definitely hold my portfolio till the rise in the value of bitcoin.

bamboylee

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Quote from: Rengga Jati on December 21, 2019, 04:54:17 AM

So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?

First, I think the pattern will hold true. There will be a significant move in the price of bitcoin after the halving.

But if the opposite happens, then the plan is to continue what I have always been doing. Earn bitcoins, spend some and save the most for HODLING. There will be another halving after this one, and if the price doesn't move to our favor on this one, maybe on the next it will.

veleten

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Yeah creating a poll is a good idea
to answer your question : I'm not planning anything special , HODL the main stash amount , spending the rest whenever and wherever I can
currently trying to pay for my vpn , digital goods ,hosting etc. in bitcoin only
and silently hoping that bitcoin will be moving up , at least breaking the 10k mark somehwere closer to april -may
realistically ( and historically) halving should play a positive role
but once again - you never know with bitcoin

jackg

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https://bit.ly/387FXHi lightning theory

Can you not make a poll for this?

If we see no run next year I don't think I'd be disappointed... I would probably anticipate something a few months after or before the halving but if nothing happens it's nothing to me... Invest for a return in 1 to 5 years, don't come here for a return tomorrow as you may be disappointed... Even the stock market is the same as crypto, a lot of the time it's worse trying to time the market rather than just putting in funds and leaving them there.

the rise

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make withdrawals of less than half of my portfolio, according to the plan that there must be results that are enjoyed in a period of 4-5 years. Then starting to reset to accumulate bitcoin and altcoin together, I believe the market will be very bumpy in the 2020-2021 period and I use it to look for as many opportunities as possible. I'm sure the speculation will be very bullish, at least bitcoin will try to retest up to $ 20k, if that's true, then that's more than enough.

panganib999

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Replan I'd say. There isn't much question there. Sides, all the choices are actually byproducts of re-planning in the end. In case such disappointment did occur, I'd just depend my actions on the current state of events not only of the market but also the community around it. You never know, governments and countries might initiate a total ban over BTC or any other crypto for that matter, I'd have no choice but to give up on it and turn a new leaf right?

Divinespark

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Quote from: Rengga Jati on December 21, 2019, 04:54:17 AM

Quote from: Rengga Jati on December 20, 2019, 07:00:45 AM

- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)

We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021. The first and second halving have proven significant moves on Bitcoin values. So, it makes sense if we believe that in 2021 will be another great year for Bitcoin.

However, who knows about it. No guarantee for the rising of Bitcoin value. Since Bitcoin is decentralized and no authority to have the responsibility, a bad scenario may happen to break off our expectations. So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?

- Disappointed and directly trade all holding Bitcoins.
- Keep holding until the next rising.
- No idea. I will think and replan later.
- Others (Write down on your reply).

*Sorry if this topic was already discussed before. I've used the search button and find out no result.

I believe that it is likely that bitcoin will not grow as people expect, no one can guarantee this. But for me if Bitcoin does not rise to more than $ 15,000 then I will continue to hold and wait for it in the future. Sooner or later, the price of Bitcoin will surely exceed ATH

blckhawk

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Good question. I never really have thought about this that much since I'm more positive in Bitcoin's halving. But in case it didn't turn out as expected, I might still hold my coins for long-term investment. I also do believe that adoption is difficult to avoid, and we are in the verge of using digital currencies such as cryptocurrencies in our daily lives. In which case, having stock of coins stored on my wallet is always a good idea.

enhu

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If the halving doesn't make the price go more than $10k by the first Q3 of 2020, I'd probably be selling more altcoins to start my small business or I'd be seeking a new day job by then and will just check my altcoin investment from time to time. I'm staking coins and become a node to some altcoins as well. Its not going to earn me thousands a month, definitely can't provide substantial amount of money for me to live comfortably.

Findingnemo

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If prices didn't rise as expected in the third halving, I will simply hold the coins until it increases. Because I bought those coins for much lesser price than the current market so I am not in a loss anyway only have to wait to reap the profits and can even resit my selling coins for any reason for the next 5 years or something nearer.

gentlemand

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Quote from: alyssa85 on December 21, 2019, 08:24:31 AM

The key event of 2013 was the Cyprus crisis where they did bail-ins without warning people. Lots of people lost their savings and some businesses even lost their payroll money and couldn't pay their staff.

That led to people saying, "be your own bank, and use bitcoin, at least the govt won't be able to seize it". And worldwide, this created interest in bitcoin.

I think that's bilge myself. Same goes for Greece. It might have been used as an excuse to initiate a pump by the same old suspects but that's about it. Both events are hardly ever mentioned any more. I'll bet no more than a few hundred Cypriots or Greeks actually used it for what Bitcoin fans believe they did.

As for the original question I'll sit and do nothing. We come and go in waves. At some point another wave will arrive. It may have nothing to do with the halving at all.

gabmen

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Well my plans aren't actually dependent on the halving next year. With my btc's, i'm planning on just accumulating whenever i can. The price can plunge after halving, i don't really care. Good if it does pump though i'm not planning on selling as well if that happens. For me, bitcoin is something i'd utilize in a few more years.

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