Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: OptimusPrime on January 17, 2020, 02:29:28 PM
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Bitcoin is only 117 days away from a block rewards reduction event that affects the number of tokens that can be generated every 10 minutes. Based on historical data, this event tends to serve as a catalyst that propels the flagship cryptocurrency into new all-time highs.
This is according to a source https://cryptoslate.com/the-upcoming-halving-could-push-bitcoin-to-new-all-time-highs/
What is your thoughts on this?
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Let's hope that before Bitcoin halving, Bitcoin will show incredible growth and this year Bitcoin will reach new heights in price, we have all been waiting for this moment and so far the beginning of 2020 has been pleasing and we hope that this 2020 year will greatly please us.
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Hope that Bitcoin will be 20k.
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It will be like that. Bitcoin will touch the highest price after 2017. Not only bitcoin, all good and popular altcoins will reach new ATH. And this only happens once every 4 years. Better not to be wasted.
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Everyone is waiting for this halving to happen and many people thinks that it will be the key to trigger bull run. Some smart peoples already accumulating bitcoin since they knew this will happen. More adoptions coming in 2020 and the coming years. More people will buy and hold and less people will sell, it will surely pumps.
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I am very enthusiastic to hear that. Looking forward to it. Crypto players from all over the world began to buy bitcoin and hold it until next year. They don't want to miss the momentum when the price of bitcoin touches the highest price after 2017.
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It would be nice if it was so, that we saw this long-awaited growth. But just do not deny a skillful market maker who can easily lure gullible investors into the trap against the backdrop of such events.
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All hope that halving will raise the price of Bitcoin and will touch the highest price of all time but I hope not at that time and maybe 2021 to raise the price.
Bitcoin 2016 is a Halving that happened but the All Time High happened at the end of 2017, if I'm wrong maybe I don't have enough experience. IMO
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I just wonder how high it will rally this time.
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Hope that Bitcoin will be 20k.
Everyone is hoping for it but let's avoid predicting the future based on speculations for now. I'd be happy seeing Bitcoin at $10k rate and never going back for now. I really hope that Bitcoin halving brings good news for all the cryptocurrency this year.
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I hope Bitcoin sees good growth in 2020. Atleast it would be good for Btc to establish a new bottom price.
Also the halving is a theme in crypto that also reaches some of the forks of BTC too.
Some of them pumped recently, and I have a feeling the halving has something to do with that.
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The graph of increasing Bitcoin prices occurs when Halving will begin, this situation often occurs, even holders are not willing to sell the Bitcoin they have and choose to sell it at the highest price, the achievement of the new ATH Bitcoin will be at a lot of people, including me, at this time the price Bitcoin may still move below $10k, but many experts predict the price will increase in 2020
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Yes of a truth people have been waiting for Bitcoin to grow to a new heights in the year 2020 but it doesn't stop their what will happen to other altcoins when Bitcoin halving start and altcoins are left behind.
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Yes of a truth people have been waiting for Bitcoin to grow to a new heights in the year 2020 but it doesn't stop their what will happen to other altcoins when Bitcoin halving start and altcoins are left behind.
I am sure altcoin will not be left behind. Altcoin will go up with bitcoin. You can see for yourself a few weeks ago, when bitcoin prices went up, altcoin prices also went up. There are even some that have penetrated the new ATH.
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Well, almost everyone is optimistic that halving will push the bitcoin price to new ATH but I am not sure whether or not that will happen before the actual halving. I'm only expecting an above $10K price but I will be more than happy if it reaches $20K ;D
2021, for me, is where we will really see price growth beyond previous ATH.
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Very very happy news for us especially investors and traders. We are all waiting for halving. If 3rd halving is possible, then bitcoin will break down its previous record book. It will be hitted its all time high record $19600. We hope bitcoin will hit $20000 in running year 2020.
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The previous halvings have demonstrated to be a significant pivotal point in Bitcoin trend. They tend to propel the price of the flagship cryptocurrency into new all-time highs.I guess everyone looks forward to this moment.
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How high do you think it will rally when the halving happens?
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How high do you think it will rally when the halving happens?
It’s very difficult to say so far, but I think that at least we should see x2 from the current price of bitcoin, but in general I hope to see bitcoin for 20k$ this year, it’s time for bitcoin to reach new heights, lets wait and watch how manipulators will pump bitocoin.
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Bitcoin 2016 is a Halving that happened but the All Time High happened at the end of 2017, if I'm wrong maybe I don't have enough experience.
It is true, according to the halving history, the significant rising happened a year after the halving schedule. Yes, in halving 2016, ATH was reached in 2017. If the scheme is still the same, the new ATH just happen in 2021, not in 2020.
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How high do you think it will rally when the halving happens?
I think this year the price of Bitcoin will reach $ 20k. This will not be rapid growth within a month. This will be a fast growth every month, and so it seems to me on the contrary very well.
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How high do you think it will rally when the halving happens?
I think this year the price of Bitcoin will reach $ 20k. This will not be rapid growth within a month. This will be a fast growth every month, and so it seems to me on the contrary very well.
Thank you for the assessment!
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Bitcoin 2016 is a Halving that happened but the All Time High happened at the end of 2017, if I'm wrong maybe I don't have enough experience.
It is true, according to the halving history, the significant rising happened a year after the halving schedule. Yes, in halving 2016, ATH was reached in 2017. If the scheme is still the same, the new ATH just happen in 2021, not in 2020.
There were a number of reasons contributing to bitcoin's ATH in 2017, not just its halving. It's misleading in cryptocurrency to follow old patterns. Remembering last year's LTC halving, everyone expected a boost in price but no, it increased just a little bit. To me I only expect a surge in bitcoin's price on this halving. Of course, if a new ATH achieved, everyone would be blessed.
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I think really Bitcoin will soon reach a maximum and we will see a pleasant price for ourselves. This we can see now as the price rises every day. Therefore, the bull market we have been waiting for so long will begin.
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I agree. Reduction of block prizes every 4 years makes the price of bitcoin soar. This we have experienced in 2017. The price of bitcoin almost touched 20k usd. We'll see halving this year what price will be achieved by bitcoin.
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I agree. Reduction of block prizes every 4 years makes the price of bitcoin soar. This we have experienced in 2017. The price of bitcoin almost touched 20k usd. We'll see halving this year what price will be achieved by bitcoin.
Can you predict more precisely how long the price of Bitcoin will go up?
I still hope this is the best since 2017 because that year as you said, 20,000 USD.
If it exceeds the price of 25,000 maybe it's your choice, right?
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The price of bitcoin has been growing quite well over the past few weeks and, most likely, will continue to grow. Will Bitcoin reach $ 20,000 again this year? This is possible, but no one can give any guarantees. It will be difficult, but quite possible.
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Yes sir upcoming halving could push bitcoin to a new record high and all time high record. But how much it could be impossible to predict. Some analysts say that bitcoin 3rd halving may bitcoin to the new market high 26000 USD dollars and others proposed that bitcoin will hit 100000 USD dollars in running year 2020.
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Halving the reward for bitcoin miners for every new block mined every four years has always caused a good price increase for bitcoin. Surely, this will happen this time too. The only question is how high the price of bitcoin can rise. According to forecasts by Tom Lee, bitcoin this year will rise in price to $ 27,000. As always, his forecasts are too optimistic. Let's see what happens this time.
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Why does he think it will rally that high?
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I hope that will happen so that the price of bitcoin increases. Halving helps Bitcoin reach the highest price. I look forward to this moment to get profit.
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If it pushes to another all-time high this time, that would be wonderful. I missed seeing BTC above $12k and it would be a good feelingif it reaches $20k this year.
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The last time Bitcoin rallied that much may not have even been the a result of the halving but a whale manipulating its price (https://theforexreview.com/2019/11/06/new-study-reveals-a-single-large-player-behind-bitcoins-20-000-peak-two-years-ago/) through Tether. I guess time will tell.
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I hope that bitcoin is able to surpass the previous best prices. Of course it is very easy if halving really happens and more people buy bitcoin. Holders play an important role in increasing the price of bitcoin this year.
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For this year, I doubt if the price can reach to new all-time highs. It may happen but it should take quite a long time. So, the time my be in the next year. We are not in a very strong sign to have new all-time high. You must realize that we are still in pandemic, we need to consider it seriously.