Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Paglamon on May 17, 2020, 06:31:22 PM
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We see that, Cointelegraph Markets and Arcane Research released data on May 16, stating that although investors are concerned over the block halving reward given to disincentivizing miners and the network’s compromised security, still the Bitcoin demand at the global level has been increasing continuously.
If you look at my coin market, you can see that the price of bitcoin is increasing day by day.
What is your opinion on this?
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After Bitcoin Halving and Bitcoin requests increase, this can be a sign that Bitcoin will experience an increase in prices as well. But the price increase here cannot happen quickly, it might take several months. What is certain is that my prediction is that in 2020 Bitcoin will provide surprises at a high price.
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After Bitcoin Halving and Bitcoin requests increase, this can be a sign that Bitcoin will experience an increase in prices as well. But the price increase here cannot happen quickly, it might take several months. What is certain is that my prediction is that in 2020 Bitcoin will provide surprises at a high price.
Everyone expects so. I agree with you too, but I think the enormity of halving is a lot. Such changes are not noticed in the market. You have freedom of thought. It's nice to think about your bitcoin.
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It is a good sign that there is a possibility for the upcoming bullish if the demand for Bitcoin is still high in the market. I think most investors still believe that there is a big increase in Bitcoin price in the near future. I also think the same, and believe in the rising of BTC price.
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I assume the scenario of bullish will be as expected. The increase in demand in the market is the sign of potential bullish in the near future. However, it is hard to determine when the exact date of the bullish. I think it may be around Q3 of this year.
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So far, it’s good that bitcoin in the first time after halving does not fall in price, as it was before in similar situations. However, to understand what is happening with the price of bitcoin, we need a little more time. While Bitcoin then rises in price slightly, then falls. Now its price is $ 9,676. Interestingly, he will overcome the mark of ten thousand dollars in the near future?
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Until now Bitcoin is still ranked first and is the choice of many investors and traders, but at a time when Bitcoin will touch the price of $10k, the price of this coin is slightly down and it seems this situation never happened in 2019 even though at that time Bitcoin has not been split in two, but interest investors are still good at choosing these coins.
The price of Bitcoin will increase when there is a lot of demand, maybe we can see the end of May, whether BT will reach $11k at that time
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This is not to say that the price of bitcoin is now growing every day, it is either rising slightly or falling. So, if last night the price of bitcoin, according to the CoinMarketCap table, was $ 9,765, today the price has dropped to $ 9,487. However, all the same, in general, the price of bitcoin does not fall, as expected, and even grows slightly. Given the fact that demand for bitcoin continues to grow, the current situation is very favorable for the further growth of the cryptocurrency market.