Bitcoin halving and what may happen next

[maydna]

i can only hope that the rate will rise until reach $800 when is halving, and after that still rise

[The Sceptical Chymist]

What may happen at the halvening is that I'll be a Hero member on bitcointalk.  At that point bitcoin will probably still be pegged at $420 and all you hens will be whining about the rocket ship being short of fuel.  And I'd like to join a much better signature campaign at that point.  Good times ahead, good times.

[raphma]

Almost everybody expects a price rise when the halving comes. In the whole of bitcoin history the majority have pretty much always been wrong. I dont see why the halving would be any different. Im pretty sure the last halving did not signify a price increase. Im aware it went up a few months later but that may have been nothing to do with the halving. I hope im wrong.

Errr... and why do you think the price is already going up? how to you think china farms will handle half reward per block?
sorry, but what you said doesnt make sense.

[Sumo]

if all altcoins are dropping with btc rise, that will be a good time to scoop up some cheap coins. Profit all the way back up.

[Spoetnik]

About 73 days left until Bitcoin halving and I have reasons to believe that:
- BTC price will be in the $600 - $700 range
- A lot of alt coins will be dumped and probably never recover

Many Bitcoin supporters claim that it can be used for pretty much anything, and that we don't need other cryptocurrencies, but I could not agree with that. I somehow believe that we are in trouble, because cryptoworld needs several currencies in order to survive as it is (of course, so called s*itcoins are not considered).

What is your opinion?

Why alt coins will be dumped when the halving happens?

GREED.

All people are here for are profits and they go where the wind blows.. understand ?

[Spoetnik]

if all altcoins are dropping with btc rise, that will be a good time to scoop up some cheap coins. Profit all the way back up.

Moar cheap coins nom nom nom ?

I have heard this before..

The rise of Altcoins in late 2013 did not last long.
Once ASICS came out for scrypt it started a mass exodus of dumping.

Your inferred optimism is adorable you precocious little "investor"

But you seem to have forgotten one thing.. TIME.
Since Alt's have never met and exceeded the the rise in late 2013 we are STILL waiting.
So if you were one of the idiots who bought coins way back you are probably still waiting to ROI.
YEARS LATER !

So tell me my intelligent little trade pro investars what is more valuable.
Getting a profit in a few weeks period when BTC halves or waiting another 2 or 3 years
for the remote and unlikely possibility later with some Altcoin ?

Here is a good little story you guys will love..
A guy came in here and said he had borrowed his Mom's savings to buy "Name Coins" NMC
He had spent thousands of her dollars he said and that she was getting impatient
asking where her money is.. and he came here and told us i don't know what to tell her.
We all told him your fucked and wasting your time.. dump & take your loss.

Get it ?

How long is he going to wait until he gets a profit or at least his money back ?

If i can make $1 profit in 1 month simply holding on to Bitcoin
and i make $1 profit holding onto Altcoins for a whole year which dollar is worth more ?

Know why banks PAY YOU interest to store money there long term ?

[spartak_t]

About 73 days left until Bitcoin halving and I have reasons to believe that:
- BTC price will be in the $600 - $700 range
- A lot of alt coins will be dumped and probably never recover

Many Bitcoin supporters claim that it can be used for pretty much anything, and that we don't need other cryptocurrencies, but I could not agree with that. I somehow believe that we are in trouble, because cryptoworld needs several currencies in order to survive as it is (of course, so called s*itcoins are not considered).

What is your opinion?

Why alt coins will be dumped when the halving happens?

GREED.

All people are here for are profits and they go where the wind blows.. understand ?

I would call it distrust in cryptocurrencies. Majority of the people who are "supporting" particular coin (with frequent posts about how great it is, about its "useful features" etc.), are just another "shareholders", which at the end are measuring their "holdings" in Bitcoin or fiat money. They prefer to take their $10 now, instead working for something greater than their "profit".

This is one of the main problems of cryptocurrencies in general.

[raphma]

About 73 days left until Bitcoin halving and I have reasons to believe that:
- BTC price will be in the $600 - $700 range
- A lot of alt coins will be dumped and probably never recover

Many Bitcoin supporters claim that it can be used for pretty much anything, and that we don't need other cryptocurrencies, but I could not agree with that. I somehow believe that we are in trouble, because cryptoworld needs several currencies in order to survive as it is (of course, so called s*itcoins are not considered).

What is your opinion?

Why alt coins will be dumped when the halving happens?

GREED.

All people are here for are profits and they go where the wind blows.. understand ?

I would call it distrust in cryptocurrencies. Majority of the people who are "supporting" particular coin (with frequent posts about how great it is, about its "useful features" etc.), are just another "shareholders", which at the end are measuring their "holdings" in Bitcoin or fiat money. They prefer to take their $10 now, instead working for something greater than their "profit".

This is one of the main problems of cryptocurrencies in general.

Why? why is that a problem?

There are a lot of people in crypto world, and just a little parcel are "linked" to a crypto(developers for example, or holders).
Crypto need the traders too, these investors buying and selling all day, work as marketing in crypto, and that is a good thing.

[markus124]

whales are going to still pump shitcoins and the day of the halving they are going to dump bitcoin.

[npredtorch]

if all altcoins are dropping with btc rise, that will be a good time to scoop up some cheap coins. Profit all the way back up.

yes right right! but that cheap coin must be vital to survive the price drop i hope we choose the best altcoin to invest on.

[JosNekoKopa]

This will become madness, volume of trade will be insane! And Pump and Dump will be epic i believe. Halving is just right time for making some money, and everybody now waiting this to happen. I believe whole year will be very turbulent.

[Red-Apple]

if all altcoins are dropping with btc rise, that will be a good time to scoop up some cheap coins. Profit all the way back up.

that can only be true for only a handfull of altcoins because most of them will die if their price goes down, it will be a ripple effect the first dump will lead to more dumps and even buyers can not find any dip because the price will be going down. so the coin will eventually be abandoned.

[Tacalt]

whales are going to still pump shitcoins and the day of the halving they are going to dump bitcoin.

So the price might not rise during the halving period. But its price will rise eventually when more people use it.

[Kairoz]

I'm going to hold during the halving.
I think price is going up.

[francism]

I'm going to hold during the halving.
I think price is going up.

I think so too, but the price rise may happen few weeks after halving.

[jethrorn99]

i can only hope that the rate will rise until reach $800 when is halving, and after that still rise

Yes it will rise to $800, but it will be short lived because people will sell their bitcoin as fast as possible.

If bitcoin got sold a lot, then the price will drop again.

[Lutzow]

i can only hope that the rate will rise until reach $800 when is halving, and after that still rise

Yes it will rise to $800, but it will be short lived because people will sell their bitcoin as fast as possible.

If bitcoin got sold a lot, then the price will drop again.

Exactly, also at that price who will buy those sell orders. If you know how to ride the wave properly though you can profit by selling at the first sign of sell walls. From there on, altcoins will rise.

[Tasunko]

Price will a litle up

[Dekker3D]

Everyone is expecting that the price will increase, but will people buy BTC at those high prices? or will people rather make use of the cheaper altcoins that are not subject to another halving or another difficulty increase etc.

[Cyaren]

About 73 days left until Bitcoin halving and I have reasons to believe that:
- BTC price will be in the $600 - $700 range
- A lot of alt coins will be dumped and probably never recover

Many Bitcoin supporters claim that it can be used for pretty much anything, and that we don't need other cryptocurrencies, but I could not agree with that. I somehow believe that we are in trouble, because cryptoworld needs several currencies in order to survive as it is (of course, so called s*itcoins are not considered).

What is your opinion?

I agree with you, in both of your claims.

First, $600 and $700 for me is a very conservative estimate. It could go up to $800 or even $850 a few months after the halving.

And yes, I believe a lot of altcoins will be dumped hard too. Especially ETH and other shitcoins. People will try to get into BTC before the halving, leaving the altcoins dead. My opinion is to hang on to your bitcoins and don't sell them. HODL.