Bitcoin Forum

i am getting into the habit of checking the price the first thing in the morning and seeing $570 this morning made me think about this question.
is this the start of the bitcoin rally?

i personally think the price will stay here until halving and maybe with small rise and falls but the real rise (to $1000 and more) will come after the halving with one month difference. that is more logical based on the supply and demand alone.

what do you think?

A lot of us do that. I check the price of Bitcoin as soon as I wake up too. :)
This is a new rally. The tough part is figuring out when to sell.  :)

it is not hard if you area a long term holder and believing in the future of bitcoin. when the mass adoption happens all these prices are nothing and you can see the real profit then.

there are still a lot of resistances to pass.
call it a rally once it breaks 1150!

600 seems about right

the price will be double of the current price ::)
i vote for $1300 for each bitcoin, halving reduce reward for miner and miner will pump the market for back up his lose ::)

Price will double before the halvening. Which is fucking obvious if you didn't live under a stone during last halvenings and LTC halvening.

To me it doesn't matter that much if we break the 600 before halving or stay were we are for a while.Sooner or later the 600 will come and will get passed.
Most important is that we grow healthy and continuously.Crazy bull runs with some bigger, ugly corrections will be part of it for several years.

Currently we are sitting on $574 which is half of all-time-high bitcoin price. But it is too early to say if this is new stable price (I feel like BTC has no stable price)
or just another pump and dump bubble like we used to see in the past. If you have doubts - the this is definitely a good time to sell some BTC.

the rally has started some weeks ago when the price started to sky rocket. it doesn't mean that the price goes up every day. there need to be some breaks every now and then to give the market some rest.

we're talking about the price BEFORE the halving.

after the halving it's a different story.

i don't see any rally in the "some weeks ago" time! there is only small rises and no "sky rocket" for sure. the price has been rising $5-$10 at a time and it took a long time to go from $450 to above $500 and i wouldn't yet call $570 sky rocket because it is still too low.

Yes, I think we are in a rally, but we are already in an advanced phase (but still not near the top). I don't think this actual rally has something to do with the supply and demand after the halving. It's simply HYPE.

For a hype to form, there can be any excuse: the halving is a very good one. Another factor is that we're leaving the depression which brought us the overheated XT/Classic/Core discussion.

That's why I think that the top of this rally will be short after the halving event. Then we'll have some bearish months, but I expect to retake positive sentiment before the end of the year.

Beginning of the rally.

Shitty economic news will continue to bolster Bitcoin, and there's only good news coming in the technical side. The halvening will force prices up without any hype. Profit taking will keep prices from skyrocketing, but we're going to have a fun ride. :)

it is always a tough thing to do, especially if you are a greedy person. but you should set a profit amount in your mind and when you reach that number then sell it and don't regret anything.


i didn't call it anything i aksed if it is the beginning of the rally ;D


while i agree that a big part of rise is hype but you can't deny the massive reduction in creation of new supply

Voted for $600 before halving but i hope a lot more than $600 before halving :D

This shouldn't surprise anyone, we knew this was coming. I'm glad the fudders have been put to rest.

Definitely the beginning of a very long term rally I think, it'll last for years or even decades :D

Certainly the halving hype is giving bitcoin the push that it needed to get above $570 again. The $600 wall is tumbling right in front of us. And there is literally no sign of stopping, with halving still a month or so away.

there is no rest for the wicked! (https://bitcointalk.org/index.php?topic=1498400.0)

you see no FUD because it is a different time, they come out and spread their lies when there is a stable price going on and it is time for testing the bottom resistance.

It is not easy to timing the market. We're in the long term uptrend channel, and we'll see the 4 digit very soon (less than 6 months or so), but it doesn't mean there will be no downside pressure, it will and it means healthy market. Almost all parabolic rises in short time frame results in crash. So BTC looks very healthy on all time frame charts. Most important of course long term charts, and it tells us we'll see a big breakout on upside within 6 monts after halving done.

I think the rally has been started from the previous month and so the price in increasingby $100 every month and I think it will continue till the end of this year, or in halving we will see a big rise up.

I don't think price will stucked at this level till halving, i am seeing atleast 700 to 800$ before halving.

Yes. But.  :D

Actually Bitcoin's inflation in coin supply is about 10% per year.
After the halving event, the inflation will be about 5% per year.

That means: Objectively, the halving should drive the prices up about 5% per year. The rest is hype - we're already up more than 50% from 2016's low.

Sorry to tell you, but your post doesn't make any sense.

that's not how math works

seriously, that's not how math works at all.

If the growth ratio continues, as quoted we may reach around $700 to $800. At the same a single drop will result in a big decrease. For this reason I believe the price would be around $600 before the days of halving.

if the rise goes on like this $600 will be the price before halving but i don't think any drop can cause a "big decrease" as you said here. the buy support is strong these days so it can't drop easily.

Yup. The buy support is really strong because there is quite a demand for bitcoins right now. Besides, I don't think it's a good move to sell your coins right now because of the price rally. It's definitely going up in a few more days/weeks even so I don't think anyone would start dumping their coins, unless they give up on bitcoins.

Yeah, keep in denial and enlighten me how math works. "To da moon" is a mathematical statement?

Sure, you can include speculation about the proportion of the Bitcoin that are sold on exchanges that come from miners. If all or a large proportion of the coins that are sold on exchanges come from miners, than you would be right.

OK, let's check this. Coinmarketcap says that we had a 24-hour trading volume of 63,887,000 USD for BTC (and that's even without the Chinese "no-trading-fees" exchanges!). This are >110000 BTC. There are ~ 3600 BTC generated per day by miners. Not a very large proportion.

It's hard to call the top. Taking a few profits doesn't mean that you have given up on bitcoin - just that you are reducing your risk. If you are in profit, then sell a little, enough to ensure you don't feel too bad if the price fell back. No one got poor taking profits.

The block halving is just over a month away at this point. I think we can reach a high of $650 just before the block halving, but not much more than that. Definitely no $800 prices this year.

I also use to check the bitcoin price with anxiety throughout the whole day, and I think this rally has the enough momentum to achieve the $800 barrier just few days before halving.

again your math is horribly flawed.

Those 110000 bitcoin traded are not really 110000 bitcoin, it's just a few 1000 bitcoin that is traded back and forth.

If person A buys 10 bitcoin from person B, and then person B sell them to person C, then that's 20 bitcoin in volume already, even though there's only 10 bitcoin at the exchange.

those 3600 mined bitcoins once they hit the exchange can produce much more than 3600 bitcoin worth of volume.

Especially since most trading is done by scripts, so many trades are made each minute, so really, 3600 fresh bitcoins can make quite an impact.

And the calculation you made about the 10% inflation to 5% inflation, therefore price increase by 5% each year is just as bad, because these things are unrelated.

at this point it can touch 800 before halving, at the rate at which is growing, it's not so hard anymore, if they are aiming for 2x the previosu value

then 700-800 will be the target, but i doubt it will go above 1k, going above 1k would mean initiating a panic buy that will make the value even higher

not sustainable i believe

Don't know how high it will go, but I think 1k is reachable around halving time.

My guess is that the panic buying a week before the block halving will make the price reach $700, but that as the highest point for this year. I can't really see it reach $1000 this year. Perhaps next year.

The rally isnt began yet, this happening is only to prepare us to the real rally that will happen next month.
Bitcoin can climbed up to +100$ in its current price in 3 days only next month ,and thats what we call a rally.

Yeah, definitely. 1k should be tumbling down by the time we get to the halving itself. Even if it doesn't reach 1k, it'll be somewhere close to that region. It's already risen from $400 to $570 now.

Definitely a new bull market for bitcoin, which is by no means bad. It's the push that bitcoin needs.