hey guys, the date when will bitcoin halve ? What do you think?
We always get crashes over 40% if you look back 4 years.
What is your bet of a bitcoin halving price event ?
Have a guess?
I think, there's a small chance, about 3%-5%, that bitcoin price will drop by 50%. A week before the first bitcoin forking, bitcoin price have rised from $1,861.58 in July,2017 up to $2,867.44 in August 1, 2017. It even continuously climbed up in the market and reach its highest price for the month of August at $4,720.00 and reached its highest price in the first 9 months of the year at $4,939.00 before it fell down to $2928.00 (a 40% price drop) in Mid-September.
Now that it has reached its all time-high at $5,880.00 last Sunday and $5,780.00 today, there only way where its price will drop by 40%-50% is that when investors will withdraw their investments in bitcoin after the October 25 BTC forking (a.k.a. creation of bitcoin gold) and investing it again to altcoins.
Note: the data that I used are based on Poloniex Crypto-Exchange site.