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I always appreciate people who have their mindset fixed on the great possibility that after halving Bitcoin can get into the "stars" which is more romantic to me than then "moon." Of course, there will be many obstacles along the way, akin to Bitcoin passing through the eye of the needle but eventually we will get there. Once the gloomy effect of the pandemic on the market can subside then I am positive that things will start to be exciting again with Bitcoin.
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In my own opinion, we are already aware that substantially many big and small countries are not anymore afraid of Bitcoin because they already understood well that Bitcoin and the whole cryptocurrency market can be regulated and doing so can be beneficial to their economy. Bitcoin is not anymore seen as an enemy but slowly gaining the reputation as a friend that can be an ally bringing many advantages.
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This was somehow expected since the block reward dropped by half and the price didn't rise accordingly to cover the losses. Miners are investors and will always mine the most profitable coin. They will switch back to Bitcoin when its price starts rising and mining those shitty forked coins becomes unprofitable (which will happen sooner or later).
It's a self-regulating ecosystem.
Yeah, this is quite expected and just running on common sense. The bottom line is that this is Bitcoin mining is an enterprise and miners will always look for ways they can maximize their valuable assets. Soon this seemed imbalance will be gradually corrected. Personally, I am expecting that towards the end of the year, there is a big possibility that Bitcoin will really rise. |
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These things were supposed to be ROCKET FUEL for the price of BitCoin, but more people are selling BitCoin than buying, hence the price drops... Most rational investors are accepting reality, and getting out before the hammer falls and BitCoin drops again.
We have the perfect storm except that the market is still based on many pervading realities which we could not close our eyes on. There is that general gloomy feeling all over and Bitcoin is not spared. However, when things will get start to be shiny again am sure that we can experience the real power of Bitcoin as it should be. I am trying to be optimistic on that though we should still be preparing for the worst...and of course hope for the best. |
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In my view, Bitcoin miners are also great speculators so as to get the most profit from their enterprise. I am sure they are anticipating a good increase of the BTC price before, during and immediately after the halving so they are preparing for that. Now, to the question of its sustainability, I think I agree that it is not sustainable as miners might be looking at things on the short-term basis. And I think that many people are also expecting that the price of BTC might be falling (as to how much that can be subject to debate) after the halving.
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I am hoping that Bitcoin can be able to reach the $15,000 level as we are going towards the end of the year. However, I also understand that Bitcoin is a lady that can be quite so moody at many times so yes if it can be able to maintain on the $10,000 average then I would be already happy for that. Now, we are, of course, wishing that it can be able to get into the $20,000 level, if possible. Well, we are all dreamers, aren't we?
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The ongoing debacle created by the Covid19 virus from Wuhan, China is becoming the top main reason why central banks can be going to digitalize their national currencies. We know that changes on that level are not easy to come by and for sure the digitalization proposal can take some time...but with the virus things can be hastened. With developments now underway in China (ironically, the source of the current virus), I am sure that other nations will not hesitate to look at the advantages of this idea.
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Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market
Who is "groom Tamana"? Anyway, I think we have already seen in the past that anything can happen with BTC...nothing is impossible including going up fast (so fast that the world can be shocked because they never invested with BTC) or can badly go down (to the level that many holders are crying already). Now, will that happen again? Only time knows what can be. With the recent pandemic, one thing for sure that we have to understand that we are living in the real world and BTC is not something that is shielded from reality. |
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#PROOF OF REGISTRATION
Bitcointalk Username: salamat700
Telegram Username: @MintChain
Participated Campaigns: Twitter, Facebook, Instagram, Telegram, Discord
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When I opened the site https://spire-x.com/, this is what I read: "YOUR HOSTING HAS BEEN SUSPENDED. Please contact support for unsuspend terms." Please be careful with anything like this because this can definitely damage any reputation of a starting project. You must have someone fully responsible for a minor detail like this. Thanks, and I am looking forward for this project to soar into great popularity. |
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#PROOF OF REGISTRATION
Forum Username: salamat700
Telegram Username: @BlockMania900
Participated Campaigns: Facebook, Linkedin
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I am a firm believer and supporter of people who are continually so positive for Bitcoin and who would not, right? However, there are many realities existing today in the global cryptocurrency market that we have to face. In case, it can be possible that one day BTC can go even beyond $250,000, then we should be grateful for that, but we should also not also based our decisions on such a prediction because as long as we are humans we can be wrong!
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