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Author Topic: 26 days to the halving left, what are you expecting?  (Read 1358 times)
finaleshot2016
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May 07, 2020, 06:35:49 PM
 #141

7 Days left until the great bitcoin halving!

According to some articles, the ATH of the hash rate is 140 exahash per second in mining. So I guess the bitcoin pump will occur this 2020 after the bitcoin halving. There are 2 factors that you must now have faith in BTC's surge, first is the hash rate which is obviously increasing then the BTC's price.

Just 8 days remain for the block reward halving and I am getting more and more skeptical with every passing day. The prices have risen by 20% during the last couple of weeks. But I was expecting a more long-lasting spike before the reward halving. And another thing is that the volumes have remained at low levels and there seems to be a lack of enthusiasm in the market.
Quite honestly this was to be expected, many people want to see a bull run and it is not as if I do not understand why but at the same time we are in the middle of a crisis in which tens of millions of people around the world have lost their jobs in a matter of months, the economies of the world are going to contract, the stock market crashed and most likely this is only the beginning so it will be kind of illogical for cryptocurrencies to grow up in value that much.
Even we're on a crisis, BTC already manages to climb up in 9k peak. So at some point, BTC's surge is still possible.
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May 08, 2020, 07:48:53 PM
 #142

This time, am not expecting much from this bitcoin halving like before, reason be that, many of these expectations had been speculatives and at the end nothing hype was achieved. Many with much expectations were victims of the bitcoin halving as many hold onto their portfolios too long and before they could remember the market price, the halving was already done and gone. Let's be more less expecting this time and be very vigilante when the market fully ripe.

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May 10, 2020, 02:22:25 PM
 #143

I am not really expecting anything much to happen after the halving. There might be a bull run, but it wouldn't be immediately after the Halving. Some experts said that the same thing that happened in 2016 will likely repeat itself, and if I can remember exactly, the bull run didn't start immediately after the Halving in 2016, it took some time before it happened. If I can remember exactly, the uptrend started after the Bitcoin Cash fork. The Bitcoin Cash fork happened in July 2017, and the price dropped a bit, before it started going up.

But, this halving is going to be bit different. For the first time, bitcoin production is going to under 10BTC per block (or for every ~10 minutes). It means more than 5 times lesser bitcoins to sell unlike what we had till 2012 (or first halving). There are plenty of chances for prices to fly in exponential growth but not from the next day of halving Cool.
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May 10, 2020, 02:47:48 PM
 #144

The halving is for tomorrow and just take a look today, -9 % in one day. The price should be increase for the halving but it doesn't seem. We will see in the next few days...
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May 10, 2020, 08:31:39 PM
 #145

I'm expecting this:
  • surpass $15000
  • new ATH
  • 2020 bitcoin pump
I hope this happens after the bitcoin halving. I'm expecting a lot because i have faith on bitcoin and I study it well by looking at the recent charts, it always grow in Q3-Q4 of the year and addition to that is the bitcoin halving.

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May 10, 2020, 09:19:46 PM
 #146

Just like some people already said, I don't think halving will have immediate effect on price. Hopefully, we'll see upward movement's big peak 8-20 months after. Although if something major happens like mid-size country default or euro collapse, hyperinflation etc. that should add to the bitcoin's price momentum and the peak may be shifted. The question is: will the halving history repeat itself?

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May 10, 2020, 09:42:51 PM
 #147

I'm expecting this:
  • surpass $15000
  • new ATH
  • 2020 bitcoin pump
I hope this happens after the bitcoin halving. I'm expecting a lot because i have faith on bitcoin and I study it well by looking at the recent charts, it always grow in Q3-Q4 of the year and addition to that is the bitcoin halving.
To the list you had mentioned then its all the same yet it do talks about price increase generally. 15k is considerable or somewhat realistic but we should mind of first on breaking
that 10k resistance fully.We already reached that level eventually but did go back down to 8k levels.Positivity is there but it will really need up some time before reaching those
numbers specially on the talks of new ATH.Lets not be on a hurry because things will eventually happen along the way.


Just like some people already said, I don't think halving will have immediate effect on price. Hopefully, we'll see upward movement's big peak 8-20 months after. Although if something major happens like mid-size country default or euro collapse, hyperinflation etc. that should add to the bitcoin's price momentum and the peak may be shifted. The question is: will the halving history repeat itself?
In talks of countries hyperinflation or some sort then you shouldnt think that people it will automatically jumped in into crypto space.Of course we do really much prefer on having that long term effects
rather than seeing huge spikes in a short time.

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May 10, 2020, 11:05:57 PM
 #148

The question is: will the halving history repeat itself?
It could be but not in 100% sure. A lot of factors that could actually make it impossible just like what we have now. There is no pandemic in the previous 2 halvings, though they have hacking events in the past, but this year's halving is quite challenging for us and I know everyone had felt it.
That is why we shouldn't be expecting too much about this halving but it doesn't mean that we are just losing our hopes by then, It can still be there (Bullrun)...only we need to be patient.



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Rainbot
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May 10, 2020, 11:17:58 PM
 #149

Nothing spectacular will happen, if the history will repeat itself, bull run is always after the post-halving period. I am expecting alternative coins to gain some strength during this cool down of Bitcoin in terms of the price increase.

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May 11, 2020, 04:33:18 AM
 #150

I fear that this halving could be influenced enough by this damned unexpected pandemic, however we hope for a nice bull run that will probably start post halving and that it can be above all a positive period for the large Alt coin market  Cool
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May 11, 2020, 06:53:04 AM
 #151

I am really excited about this Bitcoin Event 2020 to happen, even the biggest investors round their are having high hopes about the results. The third Bitcoin halving and the first ever event resulted in huge price increases.

But, the latest news suggests that this much awaited event will bring a drop in the BTC Prices after halving ends.
The current Pandemic situation has worsened the effects of the powerful cryptocurrencies including many.
Let's hope for the best, what's in the stores for this halving event, whether there will be an increase in price or a major drop.
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May 11, 2020, 05:56:37 PM
 #152

The way I'm seeing it, it seems like the rate of demand is really high because the price has been increasing.
If the demand should continue to be high and the supply is cut short after the halving, then there is going to be a price boom and the price will go very high.

But if that's not the case, then we should be ready for another decline in the price since a lot of miners are going to stop mining bitcoin because they can't afford it since expenses will be very high and profit won't be able to cover it up. But that's not really problem, because I know if that happens, as time goes on the price will still grow again.
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