Bitcoin Forum

I believe that only one of 2 things will happen after the halving

A (The Most Predictable)
The price will double up to 900$ a coin and mining will resume to be as profitable as ever; things basically stay the same except with bitcoin being 900$ a coin it's the same profits for miners.

B (My Favorite)
Bitcoin's price consequently will crash due to massive selling once reaching a certain point of profit say 800$; this massive drop in price will cause miners to stop mining due to it no longer being profitable. Due to the lack of mining over a month or so difficulty will drop down to the tens of thousands, once again inspiring miners to mine and rebuilding the bitcoin economy back bringing a much slower steady rise to bitcoin up to a price which is okay between miners and consumers (Maybe 700-800). Just my guess; put your thoughts below!

Why would you want option B? it wont happen anyway but just get on the train man, everyone always wants cheaper bitcoin and its a mentality i started with initially.  The best thing to do is keep getting more bitcoin and holding for longest time possible, you have very little stress this way.  

I have mixed feelings about B I like and hate it; I like how it could be a mini reset on the difficulty but of course don't like the fact of bitcoin's price crashing.

As you said , the first one is the most likely thing to happen. B is unlikely however I have no problem if that happens, I feel that I don't veve enough bitcoin to make a lot of profit so If it goes down , It will good for me , that way I can buy more coins with a cheaper price.

Your option B is very dangerous and could actually mean the end of Bitcoin. Fortunately there is very little chance of this scenario playing out. I think the big question on everyone's mind is where will the new floor be after the halving. I highly doubt we'll see sub $500 prices again but it's hard to predict where the price will settle.

You would think that someone who is on a Bitcoin forum wants Bitcoin to do well, but I guess not. I really hope that option A happens and the price of Bitcoin goes up even more.

I expect something to happen along the lines of plan B. It will solely depend on when people will be satisfied with the price and start selling their coins to buy fiat. Looking at increasing digital numbers is very cool but I would prefer to be holding cash in hand so people will definitely sell and the only question is when. Personally I think this will happen when the price gets to approx. $1000. Also the miners don't set the price trend the investors do, miners being profitable or not doesn't matter in the big picture of things.

For me, those things you mentioned are both possible but there are still a lot more factors to consider such as the hashrate, investments, world market conditions, other currencies and more.

Price is going up at a moment, but we cannot be sure what will be the scene after the time of halving, may be price will fall as people will sell their coins at halving.

Just only one thing,when bitcoiners heard that there will be halving ,a lot them surely buy bitcoin at its current price and hold it before halving to have easy profits..thats the halving can do, it allow all users of.bitcoin to have profit by just holding it.

Yeah, and there is no risk involved in holding, so just hold for next couple of days to take maximum advantage from the halving as it will allow you to make some really good profits.

I think either of the options could happen, but I don't think those are the only two options possible. Anything can happen to Bitcoin, and it's often the unexpected that happens rather than one of a few options people work out. Few people predicted the fall to $150, and I don't think many future predictions will be right either.

$150 seems to be impossible now, as price will rise from now and it will never go back to that low level, and even if it falls maximum it will be around $450 nothing below that.

There are two possibilities.First it may bring disaster to bitcoin if price will have a big drop instead of going up on this halving.Last is make a new history,bitcoin may passed up  last record of $1200 price per bitcoin

I think the price can now hit 800 euro after the halving and it will be 1000 euro by the end of the year.

I feel like there won't be huge pump or huge crash. But I feel like it may see massive dump till to return back before halving prices.
Or it will keep staying around new stops like 900-1000$.

I like the idea of prediction, my prediction is the bitcoin price will up before the halving aroung 600$ then after halving it will rise till 1000$ then there will massive sell which is going to lead to price drop but it will be higher than before halving, the miners will stop temporary during the drop price and will come with more advance technology to mine

As a friend suggested to me, the influx of market cap within this "halvening" period is really showing the demand in other countries. If this momentum persists and demand steadily continues to rise, spreads widen, we can almost surely see it grinding upwards. In my opinion after the halving, while the price of a coin will be lower, the value will still be there.

In terms of mining, inflation, and deflation; These are still foreign concepts to me, but taking an educated guess (from left field) what we saw 3 years ago with pretty much the only exchange functioning before it quit and turned into a fugazi, was quite possibly its first halve.

Interesting.

I think $800 could be achieved before halving, which is still one month towards halving. especially if you look at the current prices continue to rise it is quite possible to reach $800 and $1000 at the end of the year.

You are forgetting option C: People keep putting money in Bitcoin as capital controls get worse all over the world, countries keep being unstable (brexit) stocks keep crashing and big moguls start going on gold (soros), by being near the ATH, FOMO kicks in and we go 2000++...

mining bitcoin was profitable so far even when price was lower than <$400 and now it is still profitable and will continue being profitable.
you don't have to worry about miners when you are not one of them.

and unless you don't have reference for what you say about profitability of mining you shouldn't make assumptions.


many like you believed bitcoin will crash when it reaches $1000+ a couple of years ago when this happened. this crash took this long to take place.and this so called crash was only because there was a bubble.
and today if there is a crash the bottom will be $500 at least.

and again unless you don't have reference for what you say about profitability of mining you shouldn't make assumptions about miners and whether or not they are going to continue.

If i ojnly read small bits about the halfing i would expect option A to happen with no problems whatsoever. Due to reding various articles all containing fud on here and reddit i now have doubts that bitcoin could die "again". But i hope for option A.

Well i think it could bring more people that wii have  interest in bitcoin..
Price of bitcoin will increase,all bitcoin lovers are so happy with this halvlng cause another easy profit to them.

Halving is such a exciting part of bitcoins life  buty those two factors youve said especially the letter B I dont think that will happen Im sure  the btc admins  already discussed the cause and effect of btc halving and  Im sure theyt have a solution for any problem that may occur

We are at the best stage at a moment, price movement is going really good at a moment, so this halving will surely bring good and positive news for all its users.

Everyone hopes that the value of Bitcoin will be higher in the halving but the bad thing is that we cant control it and that is bad because you have to know that it is a currency.
But it should be really nice if you can earn some money with it soon and that would be perfect.

I think after halving, bitcoin prices will be higher, the greater its popularity, and more and more people using bitcoin. Well, I heard it's been a lot of cities that accept bitcoin, but I do not know the report is true, taip I hope it's true. perhaps after halving, people will accept bitcoin

It has gone up too rapidly, so there will be some profit taking.

But the big unknown is what is happening in China. Is this a pre-halvening pump? Or a move to get money out of China prior to their currency devaluing? If it is the first, the price will come down a bit. If it is the second - who knows where the price will end.

Lol these are just my thoughts; and yes i am a miner.

If you want to be rich you have to be lucky I think because it will be not that easy that you can be rich and the most people that wants to get rich are greedy and than it will be never possible to be rich.
Some people are also even born rich and that is nice but some people work really hard to get rich and that is really nice if you can make yourself rich.

Probably a whole lot more of what we are seeing right now, dropping like a rock.

The halving could bring a lot but this is depending on the fact if it will be good, no one can predict this.
If it will it will let the price rise to a high amount for sure.

I think you're massively overestimating the control miners have over the price. They may be coming up with fresh coins but there are millions of others already out there and people with mountains of USD and CNY who like to play markets and may not even know what mining actually entails. They certainly aren't going to expend their own profit to protect someone else's profitability.

Its boosting because of the halving, everyone is trying to buy in now cause of the recent price boost.
Dunno after halving, massive dump or HODL scenario for even higher price near future

No one is sure what will be the scenario after the halving, majority of people thinks that it will be a major dump after halving, but it would be good to see if it remains stable after halving.

Well i guess hopes are too high for 1000$
Frustration will be high and they will dump i'm afraid and take the cash they can get....
Of course, i cant predict what is coming and hope for the best lol

People will hold their coins after the halving since the price will explode to + $1k as estimated by many users, personally will keep my money until + $2k at least
Plan A seems to be the perfect except that I expect to have less miners than now due to losses immediately after the halving but if they resist a little they could make a nice profit

Hahaha yes I think option b will happen in the short term but it will not "crash it down into nothing" essentially. There will be massive sell pressure at the start and maybe it goes back down to $600 or somewhere near there but after time it will obviously rise to higher even then the rally we are seeing now because the supply coming in is 50% of normal.

An ex Bitcoin miner that I know off, thinks that there is actually a very high risk of option B coming to pass, in the wake of the Halvening.

There can be no doubt, that miners have been witholding Bitcoin from the market, in order that they be sold at higher post Halving pump prices.

These coins will by necessity, come to market.

True, lot of bitcoins on local wallets not on exchanges yet....
Market could be flooded

I follow logic, and if massive sell happen who will buy massively? You all say like someone will buy all coins and destroy them? Or I don't understand it good.
I believe in option one, and you mentioned very nice price 900 $ per coin. I hope we will stabilize on that price after everything. That price sounds perfect to me.

i think the halving can bring a huge price first of all because all people will buy, also a lot of people might be attracted

Well id like to see option A first so that I can sell all my bitcoins at a profitable price then see option B after I sold mine then ill buy again and wait for another rise.  ;D

I don't think the huge price will necessarily attract a lot of people. If it's too expensive, other people might have a hard time buying in.

Yeah, I think $900 is very achievable however there is probably going to be a dump right after the halving because some people would like to get out of the market as soon as possible.

I would prefer bitcoin to stabilize at around $600 after the halving. That's real, sustainable growth.