Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on May 07, 2020, 10:57:34 PM
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we have five more days to bitcoin halving. the price has recently been spiking up. it moved from 8k to 9,600k and heading to 10k. it is believed that the bull market is as a result of the current event that will see bitcoin break into two. do you think this will continue after the halving or we might see a bear market.
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There two possibilities, raising more significant or starting to drop again. I am not really sure to predict what to happen on BTC after halving. However, I think the price of Bitcoin will continue constantly till the date of halving. But after halving, there is a possibility for BTC to drop.
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Bitcoin is volatile, and any sort of plan you have is most likely going to get thrown out the window the moment price starts swinging like crazy. The majority of people in this asset can not handle their emotions especially when prices fluctuate 20% in a day. So the easiest thing to do is just Hodl the money you invested that you could afford to lose. With an asset with price performance like bitcoin the hodling strategy has appreciated in usd unless you purchased one of the 100 or so days that its been above 10k over its 11 year existence.
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Now is the right time to closely watch the movement of bitcoin because it is possible to spike and altcoins too. If you hold some tokens better for you to watch every moment as long as you can. Remember do not forget to sleep.
I'm not really sure what will happen.
Let's watch while waiting.
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Its nothing gonna happen it's the same thing like it was before, maybe Bitcoin will rise or maybe it will down? as of today, BTC price broke the $10K support level. I don't think the recent spike was due to the upcoming Bitcoin block reward halving, it's only a couple of days to wait before we all know what was the effect in the Bitcoin price including the Bitcoin Mining Industry since the reward was reduced from 12.5 BTC today to 6.25 BTC after May 12.
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It is uncertain at the moment? and it is not unusual; but i have a feeling that bitcoin would not perform a surge after the halving.
Just do your own research and figure out enough positives, before investment
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nothing much happens to it, it either goes up or comes down in price and then we will face a new era of bitcoin and wait for another halving. trade wisely
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Historically speaking after halving Bitcoin has always gone down and in my opinion the same should happen this year. How much low it will go cannot be predicted. But, my assumption is that it will hit 7k.
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if based on history, btc dumps after the halving. In recent halving of litecoin, bitcoin cash and bitcoin SV they also dump after the halving. If bitcoin will follow this trend, most likely it will also dump but who knows maybe it will pump hard.
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if based on history, btc dumps after the halving. In recent halving of litecoin, bitcoin cash and bitcoin SV they also dump after the halving. If bitcoin will follow this trend, most likely it will also dump but who knows maybe it will pump hard.
It will dump at the first place due to take profit actions of investors. After a while, bitcoin will pump hard, that's from halvings in the past. However, like you said about BSV and LTC, it's not easy to predict bitcoin's situation this time.
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The bitcoin halving will have a major impact on the BTC price. The mining output of BTC will be almost halved and the value of bitcoin will definitely increase.
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I think that Bitcoin will immediately or very soon drop in price and most likely that Bitcoin will again grow at the end of 2020, so I have already sold a few bitcoins and am waiting for a correction again.
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There two possibilities, raising more significant or starting to drop again. I am not really sure to predict what to happen on BTC after halving. However, I think the price of Bitcoin will continue constantly till the date of halving. But after halving, there is a possibility for BTC to drop.
I think you are right. BTC may be continue its price until finish this crisis moment because investors are now looking for alternative way income staying at home. So it may continue more then 2/3 months and then may be drop.
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Who knows? There is no guarantee for a long bullish in crypto space. Be careful, what @Cryptoz said above is correct. The price can rise up or drop gradually. Ir depends on the demand and supply in the market. If the demand can be always high, the price can rise up constantly.
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Now it ia only some hours remaining. When the halving done, BTC block will bw only a half of the supply to be mined. Many prediction about the market. Hopefully the price will go up very signficantly. So I better to use this moment to buy the coins.
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Google searches for ‘Bitcoin halving’ exceeded 300% of the volume seen before the 2016 halving event, ”said Casa co-founder and CTO Jameson Lopp on Twitter. The great interest in the event, what it means for Bitcoin and how it relates to fiat money during the crisis seems to be driving the research explosion.
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possibility bitcoin when halving the price could rise if the trend remains positive but if the bear market occurs bitcoin will be difficult for the bullish take very long to wait for bitcoin to the moon. markets are difficult to predict the price of each time changing it that make bitcoin very difficult to predict.
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I think that Bitcoin will immediately or very soon drop in price and most likely that Bitcoin will again grow at the end of 2020, so I have already sold a few bitcoins and am waiting for a correction again.
Apparently, this is a smart decision. It is most likely that the price of Bitcoin in the first few months after halving may decently fall. However, in addition to this event, it is necessary to take into account other events that are taking place in connection with the coronavirus pandemic and the impending global economic crisis. The crisis in the economies of most countries can affect the rise in the price of bitcoin. In these conditions, the one who will quickly and correctly navigate in this difficult period for cryptocurrency will win.
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I agree to some opinions that after bitcoin halving btc drops and will increase again before the end of 2020. Now is the time to trade sometimes or buy bitcoin to prepare the great awakening some day.
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From past history, we have seen every time this kind of event occurs bitcoin market raises its value. Hope this time will happen again. Many people are waiting for these moments and waiting for another bull run after this halving. Maybe this will not happen right after that event take place but it will happen as past history says.
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It is still a few hours to remain. Well, halving means that BTC is supposed to increase the price. So, investors expect to sell their assets at that moment. I think all investors are already waiting for a long time for this halving. But so far, I see the price of Bitcoin still declined on the market.
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After the BTC halving? Well, the amount of BTC is halving ;D ;D
In this case, if you talk about the price prediction, there are several predictions that state that the price of BTC will be increasing so significantly. However, some also feel worried about how hype the halving and the price precisely will be down soon right from halving time.
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Some quick highlights:
Miners are the most bullish participants in the Bitcoin network
Mining is pro-cyclic and miner behavior exacerbates moves
The Halving will cause inefficient miners shutting down, but the revenue drop is predictable and miners have been preparing for this
Unlike previous Halvings, mining is dominated by institutions now
Institutional mining could lead to less volatility, furthering the digital gold narrative
The Halving could have geopolitical effects with US-China and US-Iran relations
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It is already halving and the price soes not change for much. Price of BTC may be increasing after some months after halving. It needs certain process after halving to suit the right price. Now, market is still struggling from being in the red market.
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After the first halving, bitcoin rose over 90X. For the second halving, bitcoin rose to $2.8k from around $600 within a year. The recent changes coming to mining operations could be the first time the market price of bitcoin would stay below mining breakeven points for a considerable amount of time