Halving event: expectation vs. reality

[pandalion98]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

[1714887970]

1714887970

[siampumpkin]

I expect the price to drop when people realize it cannot support the cost of mining anymore. 

[asriloni]

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

[vodaljepa]

Nothing will happen, you guys are hyping it up for nothing
Remember my words

[Posum578]

I expect the price to drop when people realize it cannot support the cost of mining anymore. 

If the price cannot support the cost of mining the price will go uo, cause miners will not sell bitcoin with cheap prise
Maybe who will drop is difficultly because the halving, miners with less hashpower will get little and shut down they rigs

[pandalion98]

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

I don't think so. The coins come from the miners. They have the power to sell at a higher price point. Therefore, this has a direct impact on the traders.

They might sell higher to compensate for mining costs.

[Alanay]

don't expect too much from halving,bitcoin price already increased before and there's only little possibilities for bitcoin to be rising again,even rising will not that much just see now price still stable at $650,halving only give affect to the miners actually not for those traders

I don't think so. The coins come from the miners. They have the power to sell at a higher price point. Therefore, this has a direct impact on the traders.

They might sell higher to compensate for mining costs.

This is a good point, and if we are patient and don't sell then the miners will be the only ones selling (not literally of course) but still increasing the price.

[Jhanzo]

I'm still on the happy camper group right now.  Halving being priced in or not, we still got a healthy price increase overall on the last few months up until mid-june.  People should be content with that much of increase, especially the guys who's been holding since last year.  If the price increases further more in the next weeks then that's a ++.

[Denker]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

You see this is the whole problem you are having.
Instead of listening what others are saying you should do your own research and then make your own conclusions.
Furthermore Bitcoin has run up from 435 to a stable range of 650 since end of may!
That's an increase of 49% in the last 6-7 weeks!
I've no idea how somebody can be disappointed about that.

[groll]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

The increase has already happened weeks before the halving or last month. The price from 500 plus dollars has risen up to 787$ and that's the highest increase that halving has brought us. So the price today at 638$ is going to Stay for weeks or even a month. But there is still a possible price increase expected of bitcoin but it will be out of the halving. The demand on bitcoin is highly increasing everday and the blockchain reward is becoming lower every halving which imply a substantial potential price increase. So never give up and just wait price increase is coming soon.

[Carlsen]

I think the real effect of halving will show up in two or three days.
When the miners have sorted things out how much they still earn for their coins in regard to electricity cost.
Everything befor that is speculation.

[NorrisK]

It is up 3 times since the end of last year. How can you be disappointed about the price?

If you are disappointed, you waited too long with reentering bitcoin.

Price is more likely to drop than go up as a result of halving now imo.

[hermanhs09]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

It is about 3,5 hours to go actually,and i decided to not move my bitcoins freshly after it because i expect the price will go down,
cause people mining btc will want to book some profits on their own.
But i expect a rise maybe 2-3 days after it.

[drwtsn32]

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.


"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

[GreenBits]

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.


"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

I'm of a similar mind, but I think the halving event was priced in a little earlier than anticipated. There was an initial run up to 700-800, bit it's been relatively stable in the 600-700 dollar price range.

[drwtsn32]

My prediction:
The price will go down because everyone is holding up their bitcoins!
It will continue to drop because people expect that it will rise after the halving so they'll wait.

My verdict:
Sell your bitcoins now while the price is decently high then buy after the halving.


"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

I'm of a similar mind, but I think the halving event was priced in a little earlier than anticipated. There was an initial run up to 700-800, bit it's been relatively stable in the 600-700 dollar price range.

Come to think of it. It was June 16 when the price was the highest at $768.24 and it was what people are waiting for!
The skyrocketing that we're expecting has happened already.
We must always remember: the movement of price depends on the movement of the buyers and sellers.


"Maybe I'm right. Maybe I'm wrong. It's just my opinion."

[BitcoinHodler]

I was told a few times that, when halving is super close/already happened, the price would increase significantly.
Now that the halving event is probably 5 hours or so from now, what can you say about the current price? It's still hovering at around $650 despite the imminent event.

Right now, I'm disappointed simply because so many people say that the price would increase, but my mood may change if something significant happens (pissed if going down, happy when going up).

first of all you have to stop listening to what others say. they are not all true and a lot of them are only spreading FUD about bitcoin. or are trying to hype up the market.

second, i believe that it is too soon for any change in the price. it has already risen up to $650 and it is stable here and for another rise there needs to be some time for the halving effect to show up.

[~Bitcoin~]

I expect the price to drop when people realize it cannot support the cost of mining anymore. 

If they realize this than miners will leave (smaller one) than difficulty will be decreased so that remaining miners keep on mining and price will be stable in the current range. But if no any miners leave than price may shoot up more than 1000$ within next few months. But we still have to keep on watching what will be real drama rather than speculating.

[hasiramasenju]

my expectation are too high before the halving happened especially for the prices but unfortunately the prices not rise up today but i'm still hoping might be soon the prices will rise up or at least will pass through again to $700

[shinratensei_]

I never feel a shocked for this situation because for few days I sure about this situation will happen. I never make a big deal for the expectation because that only will give me a deadweight about this. maybe a lot of the people will get wrong for their expectations.