Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: alltalk on May 27, 2020, 03:49:18 PM
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(https://i.imgur.com/NL88sAD.png)
Do you know that after halving, the Bitcoin price probably decreases? Historical data showed that fact. In the previous halvings, Bitcoin price declined a bit after halving days. So, if you see the Bitcoin price is decreasing now, it is not surprising. It is normal and also happened in the previous halvings. As people said, Bitcoin halving won't give effects to Bitcoin prices suddenly. It should take time and progress for months. Therefore, I guess the big rising in Bitcoin price just happens at the end of 2020 or in 2021.
Picture above was taken from: https://www.coindesk.com/bitcoin-price-may-drop-after-halving-historical-data-shows
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Hopefully the end of the year we can see the bullrun coming and the price of Bitcoin can reach $15k, this is what has always been on my mind, the rise in the price of Bitcoin will continue to be awaited by many people, but what I am worried about is the decline in prices that once reached below $5k when Bitcoin reached that price of $20k and at that time many investors lost because they expected a lot of profit without trading and just waiting for the price increase by expecting a new ATH achievement, I hope Bitcoin can maintain the current price and don't go down at the price of $7k, because as we know, there are many groups of whales who are ready to manipulate prices with a large number of transactions in just a few hours, so they will panic traders and buy Bitcoin at a low price.
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Hopefully the end of the year we can see the bullrun coming and the price of Bitcoin can reach $15k,
Let's hope it really happens. Personally, I believe Bitcoin price can reach $15k at the end of this year. But it is only possible to happen if crypto/Bitcoin trend is in good situation. And there is no bad news about the current Bitcoin condition. Some experts have predicted that $15k is absolutely very reasonable to achieve after halving. Even if we are in Corona pandemic, I assume that crypto market isn't influenced much. So, we don't need to worry about the possibility of Bitcoin price after halving this year.
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Possible rapid increase could happen if the historical data is right. It is also possible that history repeat itself. Accepting the market condition could help to lessen the heavy burden on deep drop. So, holding bitcoin is great if that so.
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If seen from the history of halving that happened to bitcoin I agree with your thoughts. But this year is different from the previous year because it is likely that Covid will have an effect on the price of crypto going forward.
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If you have a source of history of halving events and the possibility will increase in the following year I strongly agree. I hope that this will be repeated this year and the possibility of bitcoin prices rising in 2021 or 2022
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The price changiny after the Bitcoin halving includes high volatility. It is not increasing much like the previois halving. But, the chart also signs that btc price is going up easily. Will it reach $10k? I personally really hope so
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The Covid-19 epidemic has had an effect on all this, indeed it seems that Cryptocurrency is not very significant but in fact we are also worried about it. Bitcoin Halving always brings an increase in prices After that, but now it is classified as very slow and some even say it failed. But for me, the increase will be imminent, and now is the time to buy and invest in Bitcoin before the assets soar.
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Bitcoin is expected to increase after halving. The value of bitcoin has always increased after halving. By the end of this year, bitcoin will definitely reach the level of $20K.
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The value of bitcoin has always increased after halving.
I assume it is not always rising up, there should be a correction after positive trends. Everyone must know before the current halving day, there was a quite big increase. It may be the effect of halving hype or the activity of some whales pumped the Bitcoin price to cash out. However, we call it by bullish phase, although not really significant move. Then, after bullish, there should be following by a correction in price.
By the end of this year, bitcoin will definitely reach the level of $20K.
No one can guarantee that Bitcoin really can achieve $20K at the end of this year. Even an expert only predicts and never guarantees the exact amount of the potential Bitcoin price. As it is a prediction, the result can be true or wrong. So, don't be easily state that "definitely reaches $20K". No one knows, mate!! ;)
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Today, the price of Bitcoin seems hard to pass $10,000. I think this will survive for the next several days. That makes investors moving to altcoins and cause ETH + ADA to raise quite significantly currently. It makes sense that investors want to take profits soon.
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Maybe this is the pattern. After halving, the rice will drop for a moment and then start increasing again. In this case, we can see the graphic chart. However, for 2020 halving, it seems that the decrease price stands for longer moment than previously. I there any relation with the pandemic?
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In general, the Bitcoin price should increase after halving. But in reality, we cannot determine the exact time when the big increase to happen. We just hope there is a big surge at the end of 2020 or in 2021. According to some experts, the best time for Bitcoin to increase high is in 2021.
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in my opinion there will probably be a time delay aka rising slowly after half a day. Unlike the opinions of other Bitcoin actors, I don't see Bitcoin as a safe haven asset when the economy is down.
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I is there any relation with the pandemic?
Not really sure to answer this. But although pandemic doesn't bring big impacts, it is surely contributing to the current drop. Not only whales, current news and world condition can influence the market trend. There are various factors that possibly trigger decline or bullish. So, be wise and smart to consider "buy" or "sell".
I don't see Bitcoin as a safe haven asset when the economy is down.
There are no safe-haven assets in the world. Every asset has its own risk, including Bitcoin. However, Bitcoin isn't about the risk only, it also offers a chance to get big profits, more than others exactly. This must be considered as well, don't only judge about its risks, we must be fair to state it.
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If you see from the chart in the screenshot it proves that Bitcoin does go down first and then up.
I saw the price of Bitcoin when I wrote this post the price was around 10,110 USD, then before Halving the price of Bitcoin was at 8,000 USD.
When referring to a scheme like this the price of Bitcoin has increased by 2000 USD, is this an advantage?
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And when do you think the price of Bitcoin will be high? Is there knowledge about that? There is no one from Google that answers it. Can you give me an answer for this?
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And when do you think the price of Bitcoin will be high? Is there knowledge about that?
People only can guess or predict, indeed there is no exact answer about it. If you are an experienced trader, you must already know about how to understand Bitcoin price charts. Or you may have already known how to make a Bitcoin prediction. There are many sources related to this matter. But remember that it is only a prediction or guess, not an exact answer.
Examples of sources to learn:
- https://www.coindesk.com/learn/trading-101/understanding-bitcoin-price-charts
- https://cryptopotato.com/bitcoin-crypto-technical-analysis-beginners/
- https://cointelegraph.com/explained/how-to-predict-crypto-price-trends-explained
- https://blockgeeks.com/guides/learn-how-to-read-crypto-charts/
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If you see from the chart in the screenshot it proves that Bitcoin does go down first and then up.
I saw the price of Bitcoin when I wrote this post the price was around 10,110 USD, then before Halving the price of Bitcoin was at 8,000 USD.
When referring to a scheme like this the price of Bitcoin has increased by 2000 USD, is this an advantage?
May be $10167 highest price of bitcoin in running year. Some experts investor say bitcoin will hit 15000$ at 3rd halving highest.
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~ Some experts investor say bitcoin will hit 15000$ at 3rd halving highest.
Can you show me the links where expert investors stated that Bitcoin will hit 15000$? Will it happen this year or the next year (2021)?
It will be very nice if Bitcoin can achieve 15000$, there are many of us that can get profits again after too many losses since 2018.