Halving - Will we see a new price high?

[Cryptology]

We are moving fast towards the bitcoin halving. In about six months the mining supply will drop to half. Do you think we will see a rally in the price before or after that? Do you believe this can set a new high?

In the short term (days or weeks around the date) it will not have any effect or maybe even put pressure down as this is a highly anticipated event that will be completely discounted in the price.
The positive effect of halving on bitcoin prices will be felt over a longer period of time.
Trading around the halving event is akin to trading the USD around non farm payroll releases in the US. The almost sure thing is that there will be volatility but prices may go in any direction. Markets are never that predictable. If they would it would be very easy to make money trading and that is generally not the case.

[croato]

If we sort out block size drama, with this halving event upcomming, we could see new ATH with ease. Bitcoin is just warming up past months so in my opinion, we could have four digit floor next year.

[Kisleav]

The price will increase as I think scarcity will increase too, demand and supply theory, will determine the price.

[Supercrypt]

I am one of the believer that bitcoin will test a new high level prices due to the upcoming halving.
The supporting point for my prediction would be the new huge hash rate of bitcoin network. The user base of bitcoin is multi-fold bigger when we compared to the last halving and last bitcoin's lifetime high-price.

[randy8777]

i think so and hope it. if the news is covering bitcoin a week before the halving, it might trigger a huge rally. the only thing that is bad is that these new people will surely sell at some point. i hope the price will recover from these dumps.

[helloeverybody]

At first i thought we would see a new ath but now although i thinkwe may go over the 1200 mark it will only be temporary and then drop back down to the 5-600 mark and hopefully stabilising around their as the floor.

[bearex]

It would have been the only logical thing that could happen, yes. The price increase.

[shogdite]

we will see a new high price on 2016, i can't say exactly when
but With lot of speculation of other people and news
i dont know if it's be like 2013 BTC price or higher than 2013 BTC price

We will see a high price in 2016, it has already started leading to the end of 2015. If we are getting anywhere near an ATH then that will be in the couple of months before the 2016 halving so i am thinking around April/May but of course that is my opinion and i am not a pro trader so who knows what is coming. Price is going to be one to look out for closer to the time.

well, it's still not exactly known when will the price skyrocket sir
you can predict with your own opinion
still i need to predict the real thing could happen

Yes that is correct that it is not exactly known which is why there was several disclaimers namely "my opinion" you see I'm not a pro trader so who knows whats coming... This is speculation and that is what it was and what this thread is so you keep looking for a crystal ball to give you when the real thing could happen.

[Newcoins2020]

At first i thought we would see a new ath but now although i thinkwe may go over the 1200 mark it will only be temporary and then drop back down to the 5-600 mark and hopefully stabilising around their as the floor.

What we are seeing here is a battle as to which price is needed for miners to keep making profit of their mining 'business'.
A 500 USD price is a fair value to keep on mining and making profit.

[Junko]

Yes. Especially now with more of the bigger financial institutions on board with bitcoin compared to the last halvening. Get your popcorn ready.

[rekinthis]

We are moving fast towards the bitcoin halving. In about six months the mining supply will drop to half. Do you think we will see a rally in the price before or after that? Do you believe this can set a new high?

new price high? no we won't, but will we see a huge price? probably yes

thing we have to do is to have highest possible price before halving, just to see even larger price after it, now price is 430$ so if we want to see 900$ after halving we need to have atleast 600$ price now, which is hard

[bankingbtc]

We are moving fast towards the bitcoin halving. In about six months the mining supply will drop to half. Do you think we will see a rally in the price before or after that? Do you believe this can set a new high?

will we see huge price? of course, compared to what price we have now, will it be new price high? probably not

to see new price high we need  to have large price now, and now we have pretty small price, 400$ only, so we will be lucky if we will see 800$ after halving

[RoommateAgreement]

i can only hope that we see a new price high.

but also i think it is still possible this time around, because there is more money from investors in the market since last time.

[maxj57634]

i can only hope that we see a new price high.

but also i think it is still possible this time around, because there is more money from investors in the market since last time.

There wont be any all time price high as willy bot is dead now,the only thing that bitcoin was that high was because of willy bot.

[chaosknight]

i can only hope that we see a new price high.

but also i think it is still possible this time around, because there is more money from investors in the market since last time.

I don't know what would be the price of bitcoin at the time of halving but I am pretty sure that we will see much higher price in compare to present price.

[tmfp]

There's too many people just expecting/assuming a price rise for my liking.

Irl trading I always look out for "Buy the rumor, Sell the news" scenarios and should the BTC price have an upward spike towards 600-700 just before the halving, then I will be selling into it, up to 50% of my holding.
The cost basis of the Chinese miners makes this a neutral event imo, only the hype provides a trading opportunity.

[Holdaaja]

There's too many people just expecting/assuming a price rise for my liking.

Irl trading I always look out for "Buy the rumor, Sell the news" scenarios and should the BTC price have an upward spike towards 600-700 just before the halving, then I will be selling into it, up to 50% of my holding.
The cost basis of the Chinese miners makes this a neutral event imo, only the hype provides a trading opportunity.

Right now there is 3600 coins made everyday. After halving there will be only 1800 coins made per day.
If half of the coins mined are sold when they are mined then there will be 369 000$ less sells per day after halving.
And why would people stop buying after halving? So obviously price will go up because there will be about as much buying as before but less selling,
because miners can't sell as much as they sold before.

[tmfp]

There's too many people just expecting/assuming a price rise for my liking.

Irl trading I always look out for "Buy the rumor, Sell the news" scenarios and should the BTC price have an upward spike towards 600-700 just before the halving, then I will be selling into it, up to 50% of my holding.
The cost basis of the Chinese miners makes this a neutral event imo, only the hype provides a trading opportunity.

Right now there is 3600 coins made everyday. After halving there will be only 1800 coins made per day.
If half of the coins mined are sold when they are mined then there will be 369 000$ less sells per day after halving.
And why would people stop buying after halving? So obviously price will go up because there will be about as much buying as before but less selling,
because miners can't sell as much as they sold before.

Yes, I understand the conventional logic. We shall see how logical the Bitcoin market is.

[bit1]

Yes. Especially now with more of the bigger financial institutions on board with bitcoin compared to the last halvening. Get your popcorn ready.

Thats true, More big whales coming.

[lexuz]

we already stay for a long time at $400, this make me think this just a rumors price will jump high maybe price will increase but not much.