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Author Topic: Bitcoin Halving and price  (Read 285 times)
timerland
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August 06, 2018, 06:15:32 AM
 #21

Halving does tend to bring out bullishness within the market.

In fact the past halving essentially was the end of the 2014-2016 bear market, and the predecessor to the huge 2017 bull market that we had. So I think that halving events are definitely bullish events, both psychologically, and tangibly, as bitcoin rewards become less for the miners.

I don't think that the forecasts shown in that tradingview chart are necessarily going to be realistic, however. It's definitely very hard to see the same amount of growth persist in the next halvings, as the level of adoption and market cap has already drastically increased, and markets are just generally not as volatile anymore.

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August 06, 2018, 07:27:00 AM
 #22

In fact the past halving essentially was the end of the 2014-2016 bear market, and the predecessor to the huge 2017 bull market that we had.

not exactly. the 2014 bear market ended back in 2014 when price reached the bottom of that time meaning $200 levels. this basically happened in early 2015, then we had an accumulation phase and the bull market had already started by October and by November we already had a 100% rise.
block halving happened in July 2016 and by May (3 months before) price was already nearly $500 which is 150% higher than the bottom levels (of course if you take $150 which was an instant as the bottom then it is 233% higher).

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