Bitcoin Forum

It's been almost 10 days since Bitcoin's halving ended, but I still can't see any big Bitcoin pump, how many Bitcoins I had, now I'm in a lot of confusion, what to do! I still don't understand whether Bitcoin will really increase or decrease, so there are many big Bitcoin users here who want to know their opinion. ???

You should be glad that the price didn't get dumped after the halving. Can't see any big rise? Look at what the price of bitcoin was weeks before the halving took place. The price did rise significantly!
Please stop asking people when the price will increase. They will give you bullshit prediction based on nothing.

In 2016 after the halving, the price of Bitcoin took a downward dive. You are lucky it did not happen this time. At the moment Bitcoin is still holding the 9k mark.

At the moment the there is a profit booking that is happening in the market. I assume it will carry on till end of this month. I do not think there will be a Bull run anytime soon.

If Bitcoin goes above the 10k price point then you can expect a good pump. The bad thing about this halving is that altcoins are also getting dumped. In 2016 after Bitcoin halving altcoins had a Bull run.

I think the problem is that bitcoin price is controlled by a bunch of whales and they tend to do just the opposite of what eeryone is thinking... in my oppinion the halving was a double edge sword, on one hand everyone was expecting the price to go up, so everyone hoarded BTC expecting to make money (so they would bring the price down), but on the other hand we are just comming from a bear season in which these guys filled their pockets with low price BTC and the halving presents a good opportunity to get some attention and grad some external investors... but these don't seem to be comming in

You don't need to be impatient. It doesn't mean that the halving happened, the price of bitcoin will immediately increase. It is better that it is just staying at $9K these days and it is not dumping at all. Some already said this the past week, and I think this is better since we've all seen the price dumping all over $4k last month.

Price of bitcoin has been increasing since ... I guess we could say May 22, 2010? I wasn't around until 2011 and don't know of any real transaction prior to what is reported.

If you bought some on March 8th at $4100-$4500, you're up 2x in 2 1/2 months.  

Current price is higher than it has been in all but ~5-6 months of existence.

I guess if you want to get into the technicals, there should be significant resistance at ~$10400 USD.  It also has that nice round number at $10k as a psychological barrier.  

Halving has never particularly coincided with price going up (immediately before or directly after).  Why?  Because people know that this halving is going to occur well in advance.

ed: I think many times it causes price to go down, as people get concerned about the fee rate temporarily skyrocketing & occasional extreme wait times if they set fee too low.  If people mining aren't making enough profit, difficulty will go down again in (over) 14 days.

It just did go down a bit today.

OP if you bought BTC without understanding it just because you wanted to sell it for more fiat after the halving you're going to be disappointed.

I expect the price to gow down to 8000 or something and all those halving buyers who thought we're going to be at 10 thousand next month just because the halving had happened will sell at a loss.

Bitcoin will go up in the long run but you weak hands won't be here to see it.

Since when did bitcoin immediately skyrocket in price after a halving event though? Even though we actually had a price increase in the first place, you were betting on a higher price increase without even taking a look at the chart of previous halvings? That's definitely one way of making bad trades.

Trading is not like that, 3 weeks before the halving, Bitcoin gain over 90%, so let allow the halving to cool down, it will accumulate for long before we can experience any surge in price. We are all just speculating as nobody can rightly predict the future but we are guided by past actions.

How long you have been in Bitcoin investment, mate?
You must know that holding is the first choice if the price of Bitcoin still doesn't meet your target.
AFAIK, the price of Bitcoin won't soar suddenly after halving, it needs time to increase. If we looked at the previous halvings, it increased significantly after several months or even a year later. So, don't expect too much to see a sudden big increase in the near future. There is no instant way for the next soar in Bitcoin price. Be patient and keep holding if you believe in Bitcoin!!  ;)

https://i.imgur.com/iukAEvF.jpg?1

Source: https://medium.com/fitzner-blockchain-consulting/bitcoin-halving-price-effects-and-historical-relevance-b63458216d97

 Why are you panicking? I guess you aren't newbie and witnessed some bitcoin dump and pump before, right? What you will have to do is to chill, stay put and do not be confused about bitcoin halving. If you are reading a lot, especially those previous actions of btc halving, you will know it will not pump suddenly but a few months after.
 
 
 I do not have a lot of bitcoins but what I can see is that you are still lack in understanding the essense of how this cryptocurrency works. Have you heard about volatile and unstable market? If does, why are you still in doubt whether it will go up or not?

Yep, like stated above, you are just late :P
Its like wallstreet bets, betting $250 000 on market to crash while it already crashed x] whole new level of investing/gambling.
Day trading is one of the hardest way to be sucessful.

Hello we are in a pandemic and history will tell us that there is no such thing as an immediate pump, it takes time just like what happen the last time where it takes several months before we've seen a change in the price, just be thankful that despite the situation we are in we are still ok and the market has recovered and keeps on improving.

Just hold your bitcoin buddy, if you haven't seen big pump of bitcoin when the bitcoin halving happens, try to look at the market graph, before bitcoin halving the price of the bitcoin was around $4000 and then goes up so quick to $9000 when the bitcoin halving started. Done be impatient, the good thing here is that the price of the bitcoin did not go down after the bitcoin halving. Be thankful for that part because it is still around $9000 so far.
We are still suffering from this pandemic virus yet the price of the bitcoin still remains from $9000 even though the bitcoin halving ended, just be thankful from that.

This Halving has disappointed us and showed the real face of crypto that we cannot always expect a massive pump when Halving happens, and now people who thought to make quick would have learnt a lesson. BTC is purely a long-term asset and we can't say the exact situation of crypto like it may go down or up that depends on the demand, now it's better to hodl your asset and wait until the market recover from stability..

If you will see the past 2 halvings of Bitcoin in 2012 and 2016, you will see a same pattern that it made.

After the halving, Bitcoin went sideways for months and after that it spiked up and after few days it went down very hard. That scenario can also happen right now but still there is a possibility that it will not. It will depend on how the investors react after the halving. Don't expect for a Bitcoin pump in a short amount of time.

I will also assume that you are just a new investor here because of your lack of patience. Confusion?? That is how new investors react with Bitcoin. It isn't a quick rich scheme so learn to be patient and hold if you want to have some profit.

Many people ask this question these days, but it is only a consequence of not understanding elementary things. Halving is a technical event, it has its purpose to halve the daily production of new BTCs by half, and this has in the past had an effect on the price in the long run. Expecting something spectacular to happen in 10 days is baseless and makes no sense.

Even if the situation all over the world remained somewhat normal (without a pandemic), I personally would not expect any spectacular price increase this year. Since the pandemic is obviously a factor x, we can't know if halving will have any effects or it will just take a lot longer than it has in the past. This year has started badly, it is uncertain how it will end, and I think we should be happy that BTC has shown strength and managed to recover - $9000 + is a great price considering the current economic situation.

Your question is more of asking why a baby born today isn't running yet.
Halving takes effect gradually. Like in economics, if there are scarcity of product then price will increase.
The mining of bitcoin is just limited and with time, the move for more bitcoin activities will be required and then price to acquire it will increase. This is a simple way to understand this halving.

Be patient. Bitcoin price will increase soon. You don't have to do anything if you don't want because no one can force you to trade or buy altcoin or buy another bitcoin because that is up to you. Bitcoin is now having correction of the price, so we see bitcoin price get down deeper than a few days ago, but it will increase again. You only need to wait for that time, while you can do anything you want, and if you don't want to trade to increase your bitcoin amount, you don't have to do that.

We all don't know when bitcoin will increase, but we can say that bitcoin can increase in the future, and the price will not just stop at $20k. So you need to calm down, take your seat, and enjoy the ride ;)

Don't get mad if you can't see the price go high. It can't be instant and we all know that( maybe not you).
The patient is what we need here, even you shout every day, put some claims or even to blame whales, you can't certainly make the market change. What we should have to do now is to keep calm and keep to trust Bitcoin. There is a moment to come.

10 days? You can resist yourself to see the price increase? The better sell it now and buy some other high yield return assets in short term.

In bitcoin and crypto investment, its hard to tell whether the price will increase or decrease.

The Bitcoin price already increased after the BTC halving.Now the question is,when it will decrease?
There's clearly no support for a 10K USD price,so I'm expecting a dump towards 9K or maybe 8K USD.
The post-halving hype is consumed and we are returning to the boring status quo on the market.
I don't see any upcoming big events related to Bitcoin Core,that are capable of building hype and optimistic expectations in the army of cryptocurrency traders and supporters.The spring and summer are about to be boring and slightly bearish for Bitcoin.

Halving was just 10 days ago. Its going to kills your patience if you keep waiting for it. Some speculations are telling us that its going to happen by 2021 so instead of waiting for its price to go up, just keep on trading instead.  You might just earn the biggest trade when you finally got more experience.

Did you notice that altcoins are also increasing, things could change this time, you never know. Altcoins may go up the first before BTC.  ;D

Ten days? Ask again in two years.

look at the price increase from $6000 to $9000 was driven by halving, probably if there was no halving this year the price would be $4000  because with this crisis people would not feel motivated to invest in bitcoin, but as there was halving people's expectations I remain optimistic and even with the price drop due to the crisis that the world faces people continued to buy bitcoin and the price returned to $9000. if you are expecting some big pump, then be patient because the price will gradually increase as each country is returning to normal life and the markets are also returning to normal

You should definitely sell all of your bitcoins and get out of crypto market. I can't really stress how much I hate people like these guys. Halving NEVER promised an increase suddenly, why the hell do you wait for an increase after 10 days, why do you think halving was important and what do you think exactly happened?

If you are waiting for a big bull run because of halving, that means you shouldn't have been involved with bitcoin to begin with. Halving is something long term, there is less bitcoin mined per day, that means there is less bitcoin sold per day, that means over long enough time that will cause the price to go up but that doesn't mean that bitcoin will skyrocket right away just because halving happened, there is nothing special about that moment, it is important for the future.

It seems like there are people who are impatient here  :D
calm down man, this hasn't even been one month yet. try to see the history of halving that has happened, and see the time the pump occurred. Well, as far as I know, the increase sometimes happens every 1 year after halving. because of that, you might be able to wait more patiently.

The pump has happened when the price of Bitcoin is still at $ 4000- $ 5000,
if you want another pump I don't think it's time yet, right now Altcoin needs attention

You are right, the price increase of bitcoin can not be determined by anybody. It is the interaction of price and availability of the product that will determine price. So people just make some speculation which will happen or not, just for the saying of it.