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Author Topic: All-Time-High will happen again after Bitcoin Halving on 2020?  (Read 738 times)
Zadicar
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November 06, 2018, 09:31:49 PM
 #41


-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?
Possible, but who knows if it would reach new ATH or would just still remain lower on its previous ath and decide to stay up into these levels.
If we do presume on what do happen on past Halving we can really picture out on the possibility to happen would really be high. Its normal
to think that block rewards do half which means difficulty on mining would really be hard so supply decreases.If demand would sore out then
expected for new ATH.

magneto
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November 06, 2018, 10:16:55 PM
 #42

What's your insights? Is it possible?

- First Bitcoin halving happened in November 28, 2012
- Price spike to over $1k USD a year after around December 2013

- Second Bitcoin halving happened in July 9, 2016
- Price spike to over $19k USD around December 2017

-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?

It's very possible.

It's obvious to me that bitcoin prices would return to a bullish market come 2020 due to the halving. As bitcoins get scarcer to mine, their value has historically appreciated both because of this increased scarcity as well as the fact that markets are psychologically wired to react to news of block halvings in the past.

Whether or not there would be an all time high is unknown at this stage simply because of the size of last year's pumps, but I'd say that it's probable due to all of the new institutions that are becoming invested within bitcoin. Regardless of whether it happens, the prices right now imo are extremely cheap and should be taken advantage of through dollar cost average buying.
ToyotaFortuner
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November 07, 2018, 05:07:14 AM
 #43

Bitcoin prices can reach very high prices when halving as in some time ago maybe because bitcoin increases the difficulty of mining and makes bitcoin difficult to get again and makes the supply of bitcoin run out.
lionheart78
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November 07, 2018, 05:31:50 AM
 #44

What's your insights? Is it possible?

- First Bitcoin halving happened in November 28, 2012
- Price spike to over $1k USD a year after around December 2013

- Second Bitcoin halving happened in July 9, 2016
- Price spike to over $19k USD around December 2017

-Third Bitcoin halving is expected to happen around May 2020
- New ATH on Q4 2021 to January 2022?

Well there is a saying that history repeats itself, so there is a great possibility that ATH will happen on the next halving breaking the previous ATH of Bitcoin.  But I believe the current ATH will be broken next year with BAKKT and ETF knocking at the door.  Big players had joined the run and they are silently accumulating Bitcoin on the current bear market.  It is just a matter of time when they decided to  release the raging Bull Smiley

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Stedsm
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November 08, 2018, 10:49:03 AM
 #45

This data is irrelevant at the moment, if you look closely, you will realize that there is a great pressure from governments and banks and this is not creating much demand like in years past, on the contrary, these governments pressure is driving people to get out

--snip--

and we have more cases of scam that are causing people to stop trusting cryptos

This has now become a fight between slavery (that Governments are trying to impose by showing their power) and our freedom and democracy as well as anonymity that we want to maintain in our finances. It's true that they might be in trouble if people stop paying taxes for their country, but the thing here is, we want a few strict regulative norms that need to be followed by their citizens to remain under the law and do every legally, but then, it will completely isolate the purpose of using crypto, i.e.; anonymity.


Quote
I believe we will see the price of  $25000 only if some ETF is approved or if BAKKT or some other big project succeeds


I've read somewhere on this forum only (don't remember exactly on which thread) that every country has its own SEC and it depends on whether they approve for such ETFs to be traded at their place or not, so having just one country/continent support crypto won't be enough to cope up with the tight strain that's chopping the hell outta people.

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