Bitcoin Forum

How is the BitCion Halving working out for everyone ?

Remember all the predictions of BitCoin Skyrocketing in price due to the halving ??  It NEVER HAPPENED.

Cult like " Believers " will never look at broken promises, and failure to perform.  But serious INVESTORS look at things like this, and the failure of the halving to make the price of BitCoin go up will be very much noticed..   For those that thought institutional and other serious money would invest in BitCoin, it is not going to happen.   Just another nail in the coffin of the false promise of BitCoin going to the moon.

PETER SCHIFF was right again... The halving was already priced into the market !   

Hard Facts

As if the price will always reflect right after the halving, remember that the corona hit traders/people and the economy really hard, even some might say that the price of btc doesn't have a direct relation to those events but people do, especially traders.

Tell jack, microsoft, AT&T, KFC Canada about that.

Anyway, seems there's no sense of discussing this from a despiser. Those words came from diffrerent users' post the same as you over and over again yet they kept their mouth shut when bull happens.

What predictions? Have you taken a look at the chart yourself because we are still on track to the moon.
Price hasn't ever rocketed right after halving anyway so what did you expect exactly and why?

There's nothing wrong with speculation to the market, what is wrong with people is that they already assume that it is going to happen just LIKE YOU. You were not sure whether it is going to go up or down, that's why you are discussing it right now? ironic. And for so long that bitcoin halving is occurring, I can say that the speculation on the 3rd halving is the biggest as it reflects how huge and active the market is. Speculation is what makes the market run, it is core actually. I bet you expected it to skyrocket right?  ;D

I've been tracking this user since day one, he always talks the failures and negative side and I myself do not consider it as constructive criticism.

The validity of these predictions cannot be judged so quickly. It has not yet passed enough time for Halving, remember that in previous times it took several months and perhaps a year for a major change in the price of bitcoin after Halving, on the other hand, do not forget also the effect of the Corona virus on The global economy and the current recession in most countries of the world also have a major impact on the lack of a high Bitcoin price. I think we need some time for the global economy to recover and see a noticeable change in prices.

Whatever happens to the prices in the future, it's still not going to be a stable price and if it hits the ATH again we could still say the bubble will pop once again like what happened in 2018. The current price is still $9k, that bubble didn't completely pop.

It may ve hard for you to believe but PETER SCHIFF failed and JP morgan already is on Bitcoin's side.  
Predictions are all predictions. If someone up there says Bitcoin is going ZERO it also means they failed to predict it right.

True that there's no positive result yet but remember it was just last month. The current economic situation won't really make a positive impact come very easy like it use to. The only way we can know if it makes any impact is if this pandemic is over and the next halving.

There are some scenarios. Traders who invested good amount of fiat into crypto before halving to make short term profit will start selling. According to coindesk news, miners are holding their btc. Soon they will start selling to pay their bills atleast. If corona 2nd waves hit again, tgere will be sale off, cause traders are actually human. And small miners are kicked out from play due to halving.
If btc price doesn't go up, miners will have to stop the operation. And halving  means low reward for miners, means less supply.
History shows, halving helped btc to grow. We saw good year fir btc on 2017 and halving occured on 2016. So many variables, so mana data, hard to predict actually

I can pretty much tell the price of gold based on how many posts Hard Facts makes at this point. Whenever gold is having a little rally, this Peter Schiff worshipper shows up to tell us how bitcoin is terrible and how his Lord and Savior is a genius, despite the fact that every prediction Peter Schiff has ever made on bitcoin has been wrong. Whenever gold is down, Hard Facts is mysteriously absent from the forum.

Peter Schiff promised $5k gold years ago. He also promised $1k bitcoin years ago. Every time someone in an interview points out how wrong he is, he just doubles down and gets proved wrong again. The man has all his wealth in gold, suffers from horrendous confirmation bias, and can't be taken seriously by anyone with half a brain.

Don't get me wrong - I'm not disparaging gold. I like gold, and I own some, but you are a moron if you listen to Peter Schiff (or Hard Facts).

This isnt always the case and you cant make any conclusion that this was a failure.Do you really expect that this is already the price on which the halving effect do have?

In most scenario it wont really target out shorter time frame but rather this do talks about long term ones.People might really be over-exagerrating things too much but

we should accept that its too early to make judgements just because people didnt able to meet their expectations on halving even on onpoint basis? thats a wrong mindset actually.

Too early to say that we are in failure. Halving impact to the market isn't that mold and quickest thing to see right after the event. If you could see the impact of the previous 2 Bitcoin halvings last 2012 and 2016, you can see that it works almost a year of waiting. We are already a few steps ahead for this year's halving and for sure we can't see the result that instant.

May I am one of those believers and belong to Cult of Believers that is why a don't have to lose my hopes and have to patiently wait for it. Because pretty it will come sooner and that you'll be surprised.

Having trouble with writing it the right way?

I can see you're trying so hard to troll the forum and get angry reactions from people here, but even deliberately changing Bitcoin's name doesn't seem to work out for you. What a shame :-[

It's working out great for me. Before the halving Bitcoin was in a bear market and now it's holding steady between 8500 and 9500 dollars. Not a bad value if you ask me, someone who got in years ago.

All your messages on bitcointalk look like you just want to buy cheap. Instead of wasting your time, why don't you look at the charts and just buy the dip? If Peter Schiff is your ideal financial adviser you should stick to gold forums if any such thing exists. In bitcointalk, people talk about price, but also talk about technology. I don't know what gold bugs talk about. New excavators perhaps. Try to learn about these instead.


I don't know anyone that would write anything like this unless perhaps it was Peter Schiff himself.

In reality I think it's all conjecture but I would agree to you that it was mostly already baked in to the price already.  However I do think the fact hat bitcoin has been holding steady above the 9k range, that that halving effect does has something to do with. 

So, what are your goal of posting this thread? To accumulate people who are disappointed with the result of Bitcoin halving? To collect the people who don't trust again on the Bitcoin prediction? Or to follow what you said based on the PETER SCHIFF's opinion?
Well, actually everybody has their own right to tell about something. And everybody has their own right to believe or not about the opinion or prediction. Such as what happened to the Bitcoin halving. Many expert predict its increases in the price of BTC. But, who knows that the pandemic will come to us so quickly without anybody realizing it at first? Although it may give a small influence on the progress of BTC, this pandemic really gives an impact to the miner, trader, and also investor. SO far as I know the people around me are trying to sell their BTC for food. Why? Because they have no choice with it, trying to hold BTC but they have no cash for food daily. this is ironic but this is the truth and what I feel now. No job out there and no activities can be done.
Although many people can try utilizing this pandemic for trading, not all people can do that.

Well, back to the topic again,
I think it should not be "It NEVER HAPPENED", but it doesn't happen yet.
We all know that the halving was already done almost two months ago. We can judge that the prediction of the price will go wrong only in these two months. Although we all know that the progress of the price after halving is so slow, but doesn't mean that this is not working out.
We can still have our own belief whether believing in the Bitcoin with whatever the price or leaving BTC.
Personally, I trust BTC

It's too early to say that mate. Just wait and see  8)

yes i remember predictions saying bitcoin will die, miners will leave, hashrate will drop, blocks will take days to be found,... and now we can see that not only none of that ever happened but also hashrate grew more after the halving.

those expecting price to rise had never seen the charts before and were just hyping. price will always rise but a little while after the halving. right now we are in that accumulation phase that will lead to the rise soon.
considering the world economy is in a bad shape it is understandable to see bitcoin price rise slowed down a bit too.

It is very difficult to say how Bitcoin's halving is working because no one can easily predict its rise and fall However, after the halving started the price of Bitcoin continued to rise but now it has come down a lot. No one can say what is going to happen in the next step However I do not think that the impact on Bitcoin Halving will resume even if prices fall.

no, who promised, Bitcoin never uttered false promises, human beings themselves were 'too ambitious to say something after (Halving) happened'.

What you need to know is: you must understand from the Bitcoin mining costs incurred by Bitcoin miners, if production costs are greater than the current price of bitcoin, miners can automatically out of business, (LOSS) with the simplest reason they actually sell their reserve Bitcoin for production costs which must be spent every day/month and year.

Example: if we compare the production cost to $ 5 thousand, at least the price of Bitcoin on the market will be $ 10 thousand, this can make miners think positively, not vice versa $ 5 thousand of production, $ 5 thousand of market price.

So, what you need to understand again is: after the end of Halving that occurred in May yesterday, the price of Bitcoin is still in the position of $10,000, it's only natural, on the contrary Bitcoin is currently priced at $9,300, in my opinion you don't complain and you can still buy and invest.

Absolutely and i don't know whats is OP's problem it seems that the Man is not updated in news worldwide.

How can he expect a Skyrocketing when there is a  Virus that Killing people around the world?
Don't he Think this will now affect the Crypto market.

And also maybe He is not here back in 2016 when the halving happens,it did not effect that blast in market instead it took more than a year before the highest price reached 20,000$ because the process takes time and not instant.

How about for now no comment, will answer when the time is right  ;) and you know that time will come pretty soon.


Damn! Will there be a time in your life when this idol of yours will be wrong! I mean as a human he must have said something that turned out to be false or wrong right? When that happens do you still want to believe in every words he says! Am just curious,
Must be exhausting to idolize someone this much and to the point of being blind by every other angle, it is good to have your own opinion at some point you know , I do have mine regarding btc as much as I love it ;)

it never happened yes,But market still holding stable and that's enough to understand that there is a pandemic that happens and affecting the world,so basically this is normal and we must need to wait.

Like what you believe in right/why you are so hard about Bitcoin believers when this is our right?why not do your things because we don't care about yours .

So who cares?let those "Serious Investors" do theirs and let us do what we want,
Is Peter Schiff is your father?because it seems that you idolized the Man all your life.

when I read many articles and forum posts back from 2012-2015 I smile on all written there and all the opinions and predictions. Reality is well out of reach of the imagination of 99.999999 % of people's opinions. maybe this time history will repeat again in a year or so and massive bullrun will happen (why not to $300-500K). So let just enjoy lifewe have today and forget about our bitcoins. I believe bitcoin will surprise us in a very positive way soon :)

Not everyone in the community felt bullish about halving. I didn't, and I wasn't alone. One of the most famous crypto educators Andreas Antonopoulos predicted that 'nothing much' would happen with the price. You can see the thread I created about it here (https://bitcointalk.org/index.php?topic=5239658). Bitcoin is not a 'get rich fast' kind of thing, it's a decentralized medium of exchange. So while you're right that people are often too bullish about Bitcoin, it doesn't discredit Bitcoin itself. So while it didn't go to the moon, it did not die either, contrary to hopes and regular predictions made by people who this it's useless. And some such mistakes of Schiff were pointed out by other users.

Only people that mathematically predicted the price of bitcoin will expected the sky rocket to happen just like previous halving and there are also some conditions that hinder the surge in price of the market which current pandemic is among.


Peter Schiff and others that predicted the price of bitcoin halving already priced out only want to make themselves go public because no one can 100% tell the exact trend the market will posed. However, we are closing to the total 21 million Bitcoins which is the reason why the last halving is not effective now but it will be when it Q4.

Halving is going quite well in my opinion, even though there is no price surge like previous halving, btc is still doing very well than rest of other investments during this very difficult period, the price has been very steady lately and not bad at all,
Compare to Gold I think btc performance is more better, even now more people are coming in, so the price increase will come when list expect.

It seems like you crave attention op. Your crazy statements about BTC in a pro-BTC forum like Bitcointalk prove your desperation.

What is the point of attracting negative criticism just for the purpose of attention? Many people did predict that a big bullrun would arrive after the halving. No one expected it to happen immediately.

It might take a couple of months or more. We may be wrong too. Why? Because they were just predictions. We aren't fortune-tellers here and no one guaranteed anything.

If the bullrun doesn't happen in the near future, it will definitely happen later on in the future. Stop spreading your false propaganda against BTC.

OP didn't come back in this thread to send a reply. Maybe he'll find out that he is wrong and that Bitcoin Halving seems to be a failure to him.

Well, it can be a failure to OP it probably because he thought for instant changes and can't wait for the market to recover for the hard dump it happens during the halving.
If that PETER SCHIFF is right and all his prediction, then he is the only one person who could exactly see what will happen next and people will believe him. But that was impossible and we all know that nobody had such mathematical calculation and see in the crystal ball.

JP Morgan is NOT, NOT, NOT " on Bitcoin's side "...   This is just an example of the DELUSION and UTTER STUPIDITY of people here.

REALITY:

JPMorgan launched its own answer to bitcoin last year, JPM Coin. Unlike bitcoin, JPM Coin is pegged to the dollar and aimed at speeding up and reducing the costs of global payments.


https://www.forbes.com/sites/billybambrough/2020/05/30/jp-morgan-bitcoins-biggest-enemy-suddenly-appears-to-be-going-all-in-on-crypto/#4b63f41723a6

All those predictions after halving will still gonna occur. Why not in a rush to see those price? We have many weeks and months to go. The steady price doesn't mean predictions of btc enthusiasts were disregarded. Except of course those speculators that were trying to get famous like McAfee and JP Morgan, I dont think their prediction will close to reality. But hopefully, this upcoming months will be the bull run.

Bitcoin rocketing to the moon and reaching all time high is not a broken promise. I invested in Bitcoin with a long term perspective, if you look at its fundamentals you can see that fiat currencies is losing value by massive money printing while Bitcoin is gaining value because of its quantitative tightening which every unique compared go other asset and doesn't have this capability except for gold.

Maybe this is the reason why the OP didn't get back here because he realized that what he said here is now against his views. Anyway, being here in the forum alone, means something to all of us and I bet, most of us here are crypto believers. Maybe it is not the time but we have very positive vision for bitcoin's future.

I posted in this thread less than 24 hours ago, just 3 posts above yours, how utterly incompetent and stupid can you be ???

Even a child could have outperformed you in the above post... You are a typical cult like " believer ", and that can turn out very badly in investing, and in life as well  ;D ;D ;D

Hard Facts

The sudden price rocket of bitcoin didn't not happen mainly because there's not enough people supporting the hype about it. It's a matter of demands why bitcoin price increases, but with halving, I'm sure that it could take effect in a long term.

I remember such predictions actually, I am one of those who are believing that bitcoin's price will skyrocket but I didn't really put myself into it, I didn't buy and I just wait and see. That's the problem. If we want things to happen, remember that we are part of this, if all of us will buy at that certain point, then bitcoin will sure to increase in price.

Well, there's nothing for us to regret, just like what I said, bitcoin in long term would be profitable.

Do you have to open a new thread after a month to ask the same thing? You are just showing that intelligence is not something you can be proud of, because you are obviously not able to use the forum in the right way.

BITCOIN HALVING now a reality !!! How is that working out for everyone ??? (https://bitcointalk.org/index.php?topic=5248796.msg54439946#msg54439946)

There have only been 2 halvings in history and none have had an immediate impact on price, and all the speculation you are referring to comes from total beginners or those who put Bitcoin and gold in the same basket.

Halving is working perfectly fine for me:).  Bitcoin not mooning right after the halving is not the end of the world.  If it crashes it is the opportunity to bag Bitcoin with a huge discount.  If it moon then sell with a huge profit.   If it goes sideway then wait.  As if waiting will hurt that much, we have been doing this for how many years?  Unless someone had sold all his BTC and hoping that he is correct about his decision of cashing out that early. 

Is there any expected miracle that will happen after the halving? Before you start judging and jumping into conclusion about this year's halving, why don't we talk about how the previous halvings all started.
Please answer this questions diligently
1. Did we notice an increase in price on bitcoin immediately after the previous halving started?
2. Didn't the price of bitcoin reduced drastically even after the halving, before it skyrocket back?
3. How long did we start to experience changes of bitcoin price in previous halving?
4. What makes you think that this year's halving will be far better than the rest that occurred?
If you can be able to answer this questions, I will give you reason why there are delays on bitcoin price from mooning even after the halving

This is the reason why I don't like following predictions of this so-called experts of believers or whatever you name to them. They predicted their own price of Bitcoin in X amount of years and most of them failed and will remain fail.

On the other hand, these are just mere speculations and we can do it too. We can speculate and predict what will be the price of BTC in the next years. The problem is that new investors will use this as a basis and will believe on them which is a bad idea for me.

---

Overall, prediction can be done by everybody so don't just follow prediction of others. Read the chart and see the history :). It may help you.

And who really expected that mooning right after the halving? I will just add that even if bitcoin goes down will not be the end of the world! And possibility for drop is always there, and maybe we will see a few more drops before some significant rise. It's not the first time we read how some people hurry with their decisions, selling too early, and buying too late, for example on top.
I can say that halving is working good for me as well! We are warming up, it's going to be crazy next year!

Talk about yourself. Whose promise did you buy?? I take no promises on the price of bitcoin. The only promise i bought into is that of cutting-edge technology and permission-less decentralization. I love the idea behind it and the fact that i can bet on a novel form of money and follow the technology. If you buy it and listen to "promises", that cuz you are too dense for tech like this.

You and your serious INVESTORS may as well go fuck themselves. This is not some ICO selling you tokens. There is no Bitcoin Corporations shilling you tokens. Go buy Bcash or BSV if you want promises. Bitcoin just IS. Its for you to know about it and use it if you want to (and have the competence to). You don't want it or don't understand the technology then sell. Go buy gold if you want to. Tell Peter Schiff to stop being such a cry baby.

In the two previous cases, that is, in 2012 and 2016, bitcoin in the first few months after the reduction by half fell first in price and only after the network was self-tuning again, during the year did its significant price increase. In the latter case, which occurred in May, we almost did not see a drop in the price of bitcoin. Now, the price of bitcoin is affected by many different factors, primarily positive ones, which ultimately give the result even of a slow growth in its price. Therefore, the price effect of reducing remuneration to miners should be calculated in half in about a year. We need to be patient.

We do not necessarily see the effect of HALVING within two months or more.
bitcoin 2016 HALVING took more than 11 months to bring the price above 10,000 dollars. so in sep 2017 price moves up to 13000.

HALVING has an effect it is fact and you will fell it in the long run
if I were you, I would buy a few months and weeks before HALVING and will sell a year or two after that.

you would notice many gains that could reach $ 100,000.

I don't remember the developers of bitcoin making any promises about the price. and those predictions(the core of your argument) that you mentioned? they are just speculation from somebody and has no meaning and can't be taken seriously. if you ask me, the result of all the previous halving speaks for itself. just because the price didn't rose as you or those predictions or promises your so keen about doesn't mean bitcoin or the halving has failed.

I never, never, never said the DEVLEOPERS of BitCoin made any promise about the price.  Acroman08 is the perfect example of a desperate person that must resort to a DISHONEST argument, attributing a quote to me that I did NOT make.   

Go back and READ, There were posts all over this forum about how the price of BitCoin was going to skyrocket with the halving, all of them WRONG.

Hard Facts

---

Are you not paying attention ?  BitCoin promotors have been saying " Instutional Money " will be investing in BitCoin for a long time, all over the financial channels and elsewhere. 

For someone that pretends to be so knowlegable, you are totally clueless about how BitCoin is being promoted  :D :D :D

Hard Facts

[moderator's note: consecutive posts merged]

I do think you realize that not everyone is here to earn profits when the price goes good , there are long term holders and people who are earning through Bitcoins , I don't think as long as the price is good and sufficient they don't make a big deal out of it.

Then again one knows that * No one can tell what's the next move of the market is going to be, until and unless you are a whale *

It is not always about the price , it's more or less about the freedom we get from the Fiat , it's a great alternative to conservative form of money , I do think we should look at the bigger picture here . At the same time we do have a warning regarding the incoming volatility and therefore if you are that scared about loosing much here , you should encash ~

Don't blame the market , don't blame Bitcoins or anyone , you were the one who made the choice of buying and holding.

Are you sure that Institutional funds wont flow out in cryptocurrency? We dont even know if it do happen already gradually. Price might not have increased yet but you cant stop those people on not to believe yet
we have seen in the past when it comes to potential price movement.It might not able to happen on point but this would be on gradual phase which is preferable. When you do tend to rush things up then it do basically shows on how impatient you are towards into your bitcoin investment. People wont stop on making prediction because this had been our job since we do get involved into this market.

There is nothing to be so busy about yet. You have to be patient. Not all predictions will always be correct. Wait patiently There is definitely something much better waiting. Don't forget about the current world. Many people have died in large countries due to the coronavirus. So I say be patient. Another thing is that if everyone is looking at the prediction, it will not happen. Many people do not understand or do not know more about this prediction.

It's too early to draw any conclusions right now. Wait and see for yourself, I have never seen any predictions that were accurate. Previous halvings took months to take effects anyway

How could anymore promise that any prediction about the price will come true? Bitcoin users should know that and taking something like that seriously is really funny.
Many had big expectations from halving thinking price will grow high and fast and when that didn't happen and they probably bought some coins because of that, they look for responsibility in someone else. That is childish.

It will be different for everyone if seeing form the impact of the Bitcoin halving. About the prediction? I think that it is no problem for me. There are several predictions about the Bitcoin price after halving. So far, yes, it doesn't happen yet. But, it is not yet, not never. So, I think that the BTC price still has the chance to grow up and reach its higher rice this year. So, never blame the experts.
For me personally, experts' predictions become one of the considerations and also we can expect about the price based on the prediction, but not much for it.

Are you not paying attention? Peter Schiff has been saying "Gold will go to $5k" and "Bitcoin will go to $1k" for a long time, all over his blog, media channels, and elsewhere.

For someone that pretends to be so knowledgeable, you are totally clueless about anything that didn't come out of Peter Schiff's mouth.

There. Fixed that for you.

This. I couldn't tell you what the current fiat-denominated price of bitcoin is. The only reason I know when there has been a big drop or increase in its fiat value is because I see posts on this forum saying so. As far as I am concerned, 1 BTC = 1 BTC.

---

The bottom line is there will always be people who predict that bitcoin is going to hit $1 million, and there will always be people like OP who predict bitcoin is going to crash to $0 (mostly because they are all in on another asset class like gold). Both of these groups can be safely ignored.

"Hard to believe Facts"  :D
Did you remember when was the ATH priced in during the 2016 or 2012 Bitcoin halving? Or do you want us to remind you?
Here, take a look at the timeline of Bitcoin price movement.
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp   (https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp)

Please take a look at how Bitcoin reacts after a year from the halving. Is it a coincidence, or the people speculating on a price trend?
Even before from the past 2 halving without the pandemic, the price movements after the halving resembles today.
So, It would be too early for you to say that the bullish predictions never happened. Wait until 2021 ends and come back to this thread.

then what promises are you talking about? if the developers didn't make any promises why believe the promises of other poeple and blame it on bitcoin? your logic is so flawed that it is hilarious to argue with you. like I said, in case you didn't read my previous post "they are just speculation from somebody and has no meaning and can't be taken seriously."

There is nothing we can do to have the right predicting because even the expert predicting is not always correct. I am sure that the crypto market will recover sooner or later, and meanwhile, we still have much time to buy many coins right now. Bitcoin price itself will rise higher, and if that is happening this year, we will see a new rally from bitcoin, and the price will increase fast in a short time. Just wait, be patient, and enjoy the moment, and don't forget to buy more bitcoin if you have more money.

There's no guarantee that the price of btc will skycocket after halving, thats why its advisable to have less expectation because those prices predicted after halving is not certain to happen.

I think its not going to reflect yet, it takes time before we can see an obvious growth for btc so we need patience.

An investor who knows the nature of btc and crypto understands how the market flow and wont question why the price is still not increasing.

The days of the bubble economy, and the resulting BUBBLE in BitCoin prices are OVER...   The past rise to the all time highs will not be repeated.  All bubbles and manias go up in an increidble way until they don't    :'( :'( :'(

Hard Facts