Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on May 21, 2020, 10:18:10 PM
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BTC Halving has taken place but we still haven't seen its positive effects on the crypto community. The rally only lasted a few days, currently Coinmarketcap is engulfed in the red of the downtrend. BTC was defeated at $9861, while ETH was defeated at $215.
Perhaps we were too optimistic for BTC's 3rd Halving event. I think the mission of the BTC community in 2020 is to conquer and maintain the price of $10K, while the ETH community will need to capture the price of $500 thanks to the motivation of ETH 2.0.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
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BTC Halving has taken place but we still haven't seen its positive effects on the crypto community.
IMHO, it has shown the positive effects, at least there are two effects:
(1.) The improvement in buy-order or demand on the market.
(2.) The increase in Bitcoin price and some altcoins price before halving this year.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
It can. It is too early if we want to say, "no effects" on price. In the previous halving, we need to wait for a year before the price can surge and there is new ATH. So, we need to wait for till 2021 for the current halving.
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I think we need to understand that the effects of the halving wouldn't just come overnight but take a gradual process. This has been the case with previous halving and I see no reason why this one will be different. Already, the interest in cryptocurrencies and bitcoin especially, has grown even the trading of bitcoin futures on exchanges like koinpro which offers a one stop shop and exchange for bitcoin, stocks and commodities trading is reflecting the massive amount of orders leaning towards a bitcoin rally in the nearest future. This all pile up to show that the effect of halving will be felt in no distant future.
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~ Do you think BTC could return to the $20K price level of late 2017?
Why not? BTC should have a chance to return at $20,000. I think the real effect from current halving doesn't happen yet, it is still in progress. BTC price maybe just skyrocket after 1 year from the current halving, I agree with the statement of Mr @I-Bit above. So, we must be optimistic and patient to keep holding and wait for the next year. Bitcoin prices potentially bring a surprise in the upcoming year if we are lucky enough then. ;)
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Actually, good things happen after halvings. Late 2020 and 2021 will be very interesting and bullish. For the record, bitcoin is testing USD 10k resistance. This is an important resistance before eying on higher ones. Regarding the ATH of USD 20k, I think it's reachable. It's just the matter of time, sooner or later.
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I think nothing unusual is happening. In the first few months after dividing bitcoin in half, usually there is a slight drop in the price of bitcoin due to the fact that miners need to readjust to more efficient work, and this takes a certain amount of time. Typically, the price effect of this event occurs only for one year. Currently, bitcoin already demonstrates a slow growth in this difficult time.
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Actually, good things happen after halvings. Late 2020 and 2021 will be very interesting and bullish.
Does it happen already? It still doesn't happen, bro. We still bet on it to happen at the end of 2020 or 2021. Many experts also believe that the significant increase just happens after months or a year after halving day. It happened in the two previous halvings.
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Does it happen already? It still doesn't happen, bro. We still bet on it to happen at the end of 2020 or 2021. Many experts also believe that the significant increase just happens after months or a year after halving day. It happened in the two previous halvings.
I can't agree more. At first, I thought pump must happen right before the halving and I was kind of disappointed when there was only a small pump. But turned out significant increase happened months later in the first two halvings. To sum up, increase is inevitable. The only thing that matters is when. Good news is we still have time to trade and accumulate a little more bitcoin.
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BTC Halving has taken place but we still haven't seen its positive effects on the crypto community. The rally only lasted a few days, currently Coinmarketcap is engulfed in the red of the downtrend. BTC was defeated at $9861, while ETH was defeated at $215.
Perhaps we were too optimistic for BTC's 3rd Halving event. I think the mission of the BTC community in 2020 is to conquer and maintain the price of $10K, while the ETH community will need to capture the price of $500 thanks to the motivation of ETH 2.0.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
At first, I was not convinced that the third bitcoin halving will influence the market trend, you know why because it's just pure speculation without economic sense, the miners are already struggling to break even when the BTC price was down in $7000 level what about now that the reward per block was reduced to 6.25 BTC with the same resources needed. Others say that the scarcity of supply will make Bitcoin more expensive, I don't think so! the truth is if the BTC will be more expensive the more investors will avoid it.
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Based on the chart on coinmarketcap, the increase in BTC does not occur as fast as after BTC halving. Price increases will occur 1 year after BTC halving. So we will see for the next year. During that time, it's better to focus on trading rather than thinking about the price of bitcoin. Altcoin season makes me profit a lot.
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At first, I was not convinced that the third bitcoin halving will influence the market trend, you know why because it's just pure speculation without economic sense, the miners are already struggling to break even when the BTC price was down in $7000 level what about now that the reward per block was reduced to 6.25 BTC with the same resources needed. Others say that the scarcity of supply will make Bitcoin more expensive, I don't think so! the truth is if the BTC will be more expensive the more investors will avoid it.
I think halving is one of the most important elements of Bitcoin so that owning BTC is really valuable. If BTC is officially accepted & its price is guaranteed by halving, BTC is perfectly capable of becoming a tool to store assets or pay high value. Even on a higher level, we can even use the smallest unit of BTC, a satoshi, for micro payments in daily consumption.
Thus Halving is necessary and valuable. However, its impact on the whole market is not as great as I expected.
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-snip- If BTC is officially accepted & its price is guaranteed by halving, BTC is perfectly capable of becoming a tool to store assets or pay high value. -snip-
Accepted? Do you mean "adopted"? If it can be adopted massively, I agree that the price should increase higher and higher as people trust in the future of Bitcoin. But if it is not, halving still can make BTC rise up because people follow FOMO of the positive trend after halving day.
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After halving the rewards, miners should not hope for a quick price effect from this event. Therefore, it is too early to say that our hopes for a rise in the price of bitcoin have not come true. All this is yet to come, maybe even next year.
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This year, Bitcoin has grown from 3k$ to 10k$ and that’s not bad, of course, I want to see Bitcoin growing faster, I think that the next good Bitcoin growth and growth of the entire cryptocurrency market will be at the end of 2020.
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It is not impossible that the price of Bitcoin can return to 2017, which is $ 20,000. But somehow I'm not optimistic that this will happen this year, the price of Bitcoin feels very heavy to go up. It has been proven that after Bitcoin Halving happened some time ago, it was unable to make optimal changes despite an instantaneous increase, but eventually dropped again.
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Im very positive about the halving of bitcoin because for me it creates more value than the past halving. I am looking forward to see a steady growth of bitcoin and ethereum pre-bull run and I believe the start of the next bull run will be after the launch of Eth 2.0 this year.
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Actually, good things happen after halvings. Late 2020 and 2021 will be very interesting and bullish.
Does it happen already? It still doesn't happen, bro. We still bet on it to happen at the end of 2020 or 2021. Many experts also believe that the significant increase just happens after months or a year after halving day. It happened in the two previous halvings.
Yes, nothing much happened. That's why I said late 2020 and 2021 would be very interesting and bullish. Many people expected bull run before halving. But the market players didn't let them satisfied. Many more people know bull run will follow halving. But I doubt market players will let them satisfied either. It's no surprise if we have to wail until 2022 to see what we all want.
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Most likely it can happen but it takes time and process to reach prices above $ 20.000. If seen from the history of halving bitcoin. the price will increase significantly in the following year and that has already happened to the previous halving
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The first and second bitcoin halving successfully raised the price of BTC an insignificant increase. however, it is different than the third Bitcoin halves. As you said, it may be because of a certain era where the BTC is no longer popular again, moreover it is in the pandemic era so that everyone better to use their funds for their life than investing in BTC. It is slow enough to see the progress of BTC price increase of the third halving.
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We aren't too optimistic but we just have a big expectation on it. That's normal because if we leaned the previous halvings, there was a big surprise after halving day. And we also predict it can happen the same as the previous.
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Based on the history of the effect of halving on the crypto market, i will say it is too early to conclude that the effect of halving is not reflecting on the crypto market, we should expect something next year.
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What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
Maybe in 2021 but not in 2020 though I would be so happy to be wrong with my feeling this time. There is a big chance that the halving effect can be felt fully next year and that in 2020 we might as well expect BTC to be maintaining its near 10K level.
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The possibility is always open as long as bitcoin is not dead. Nothing halving to expect once bitcoin is dead so we need to become optimistic because we need it to improve ourselves how to deal this matter now. We should go on despite of market condition.
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BTC Halving has taken place but we still haven't seen its positive effects on the crypto community. The rally only lasted a few days, currently Coinmarketcap is engulfed in the red of the downtrend. BTC was defeated at $9861, while ETH was defeated at $215.
Perhaps we were too optimistic for BTC's 3rd Halving event. I think the mission of the BTC community in 2020 is to conquer and maintain the price of $10K, while the ETH community will need to capture the price of $500 thanks to the motivation of ETH 2.0.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
Firstly, there are some positive impact in
On the current crypto market, plus the fact that the 3rd BTC halving happen at the time the world was battling the pandemic covid19 desease. This pandemic could have hit hard on the crypto economy just like it did to the various sectors of the world economy. I think halving has helped in great ways.Bitcoin & altcoinstalks has survive the corona virus rigme, thanks to the strong resistance of Bitcoin which is a plus to general crypto ecosytem. This is my opinion.
As for Bitcoin returning to the $20k mark like it did in 2017, I think crypto is unpredictable, and in incrypto, anything can happen; the timing of any bull run the the 2017 type may be difficult to speculate or forecast.
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I think it depends. Some people bought bitcoin before halving and hope for quick profit by bull run right after halving. Maybe to them it's over hyped or over optimistic. But to long term holders like me, I bought bitcoin hand have been holding for long time, I have a specific target and won't sell until it's reached. I have enough patient to wait and hence, over optimistic is not true to me.
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I think it depends. Some people bought bitcoin before halving and hope for quick profit by bull run right after halving. Maybe to them it's over hyped or over optimistic. But to long term holders like me, I bought bitcoin hand have been holding for long time, I have a specific target and won't sell until it's reached. I have enough patient to wait and hence, over optimistic is not true to me.
Wow, would you mind sharing your expected price with BTC? ATH $20K or $200K? And in your opinion, when will you sell BTC, in the near future or the far future?
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I don't really expect about a big surprise on Bitcoin price because of the third halving. In my opinion, halving now isn't the same as the previous one. So, I am not sure that the price of Bitcoin can move up just because of halving only.
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What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
Maybe in 2021 but not in 2020 though I would be so happy to be wrong with my feeling this time. There is a big chance that the halving effect can be felt fully next year and that in 2020 we might as well expect BTC to be maintaining its near 10K level.
In my opinion, there is no reason for disappointment yet. Since the last halving in May, bitcoin hasn't dropped significantly in value in the first few months, as it did in the first two cases. In addition, Bitcoin, ethereum and other cryptocurrencies have risen quite well since May. And in all previous cases, bitcoin grew significantly in price only after about a year. Therefore, a good rise in the price of bitcoin should be expected no earlier than next spring.
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Things might be hard for Bitcoin to reach $20,000 this year because the world is not yet fully recovered from the impact of pandemic. Maybe in another year or years if everything back to normal.
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We were optimistic for BTC but not as much as it has grown. btc has grown more than expected
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It is natural that the price of Bitcoin will change constantly. But the price of Bitcoin has not risen even after Bitcoin was halved. I have not seen such incidents. But this year I have noticed that the price of Bitcoin has not increased even after the halving of Bitcoin. That means at the present time he has increased the price a bit. However, the price did not increase due to halving. ETH 2.0 has increased the price of ETH. However, the price has not increased before. Earlier prices were low. The price of two coins at Bitcoin and ethereum has risen a lot this year. So I'm hoping for better results up front.
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Yeah Al that sounds pretty crap to me, Looks like Bitcoin aint for me either. Within this third step, the price of Bitcoin will exceed 15,000. But that's not to say that the price of Bitcoin has started to fall again before the price of Bitcoin has risen to 13,000. I don't know what to do after that. The price of Bitcoin will not increase and will go further down.
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Yeah Al that sounds pretty crap to me, Looks like Bitcoin aint for me either. Within this third step, the price of Bitcoin will exceed 15,000. But that's not to say that the price of Bitcoin has started to fall again before the price of Bitcoin has risen to 13,000. I don't know what to do after that. The price of Bitcoin will not increase and will go further down.
If we are talking about medium-term investments, the price of 15 thousand is the nearest goal for bitcoin, which we can achieve in the coming months. Currently, a correction is required for BTC.
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It is too early to discuss the price effect of the May cut in miner rewards in half for each new block of bitcoin mined. It will be possible to talk about this in a year and a half. Usually by this time this effect was manifested. Since the price is expected to be quite high by this time, at the same time, let's see if Bitcoin can rise to such prices.
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Towards the end of the year hopefully we are going to see some fireworks from the crypto market and it may start from next month because we all know that historically a big bull run is due and it can start anytime now.
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By looking at the developments in 2020. So it will be difficult for BTC to return to the way it was in 2017. Even at the end of this year I am not sure it will be the same as last year 2017.
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BTC Halving has taken place but we still haven't seen its positive effects on the crypto community. The rally only lasted a few days, currently Coinmarketcap is engulfed in the red of the downtrend. BTC was defeated at $9861, while ETH was defeated at $215.
Perhaps we were too optimistic for BTC's 3rd Halving event. I think the mission of the BTC community in 2020 is to conquer and maintain the price of $10K, while the ETH community will need to capture the price of $500 thanks to the motivation of ETH 2.0.
What's your opinion? Do you think BTC could return to the $20K price level of late 2017?
It is sometimes interesting to observe the prices of cryptocurrencies, which were quite recent. Yes, last year we still had a desire for the price of bitcoin to rise above $ 10,000, and ethereum above several hundred dollars. From the current position, when the price of bitcoin is over $ 60,000 and ethereum is over $ 4,000, we understand how quickly our cryptocurrencies have grown. It can hardly be said that the expectations of the last halving did not come true.
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By looking at the developments in 2020. So it will be difficult for BTC to return to the way it was in 2017. Even at the end of this year I am not sure it will be the same as last year 2017.
Don't underestimate to bitcoin.
Bitcoin has touched new ATH, at 65K USD, many investors doubt about bitcoin will touch new ATH.
But not for me.
I think bitcoin will touch new ATH, more than 65K USD , It will touch 100K USD at this year. Let's see.
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So far, the expectations of a high price growth of bitcoin after the next halving have fully justified themselves. Within a year and a half after this event, the price of bitcoin usually rises significantly. Since the last halving in May 2020, the price of bitcoin has risen from about $ 10,000 to the current $ 68,000. And now we expect further growth of its price up to one hundred thousand dollars. Whether this hope will come true - we will see, but bitcoin completely fulfilled its price program after the last halving.
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So far, the expectations of a high price growth of bitcoin after the next halving have fully justified themselves. Within a year and a half after this event, the price of bitcoin usually rises significantly. Since the last halving in May 2020, the price of bitcoin has risen from about $ 10,000 to the current $ 68,000. And now we expect further growth of its price up to one hundred thousand dollars. Whether this hope will come true - we will see, but bitcoin completely fulfilled its price program after the last halving.
I think many People believe in bitcoin , They predicted bitcoin will touch 100K USD at the end of this year.
Yes, If said bitcoin completely fulfilled it's program after the last halving, I agree.
But I see bitcoin still has potential to hit new ATH.