What is happening?

[calme]

Here is analysis concerning this issue:

https://news.bitcoin.com/bitcoin-breakout-technical-analysis/

[Bitcoinsummoner]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

You are wrong, the majority of people was expecting a decrease of the bitcoin value the same day of the blockw reward halving. Now I think we will stay in this range for a couple of weeks maybe months.  

I did not see more than maybe 1 or 2 users thinking that the price will decrease. The majority of users thought it will rise in this period, and they were talking about an increase in almost every thread in this section. Maybe I am wrong, but I think that there were more optimistic people here than those who thought the price would decrease.

YEah right i am one of them that thinking and expecting for the price increase not for decrease we know it will decrease after the price hit 800 value or more..

[chaser15]

I was expecting a lot from the bitcoin halving. In the last month/s, it was believed that the price would increase in July because of the halving. We're midway through July but the price didn't move that much. It just stayed at 640-660USD. To be honest I'm very disappointed because I get the feel that I have to wait much longer than I expected. Anyway, I'm fully aware that investing in bitcoins doesn't work this way. I should be patiently waiting for the price increase.

Like I said, bitcoin halving has nothing to do for a quick jump. Relying only on this factor to increase the price is not enough. It's all depend on the pumpers. Look at how hard they pump the price even back in the days where halving is still far away.

And besides still not happy with the current jump? We are down from below $500 for years and now we are sitting much above it. If the price is still at $500 or below and halving comes, then there's no need to expect another price pump.

[Batelk]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

You are wrong, the majority of people was expecting a decrease of the bitcoin value the same day of the blockw reward halving. Now I think we will stay in this range for a couple of weeks maybe months.  

I did not see more than maybe 1 or 2 users thinking that the price will decrease. The majority of users thought it will rise in this period, and they were talking about an increase in almost every thread in this section. Maybe I am wrong, but I think that there were more optimistic people here than those who thought the price would decrease.

YEah right i am one of them that thinking and expecting for the price increase not for decrease we know it will decrease after the price hit 800 value or more..

I think the price will trade around $600 to $800 in the next 5 months. Then it will rise to $900 or higher.

[~Bitcoin~]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

It need sometime to see some reaction of halving to market. Still some bitcoins which were mined before halving are in the hand of the miners and they still find profitable to sell those mined coins at the current range. But when newly mined coins will come to trading than miner will not be willing to sell those coins cheap because it will not be profitable for them considering current mining cost. So holding whatever you have till another rise will be good decision for now.

[Bamsed]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

It need sometime to see some reaction of halving to market. Still some bitcoins which were mined before halving are in the hand of the miners and they still find profitable to sell those mined coins at the current range. But when newly mined coins will come to trading than miner will not be willing to sell those coins cheap because it will not be profitable for them considering current mining cost. So holding whatever you have till another rise will be good decision for now.

The cost of the newly mined coin are around $400 for the electricity cost, if you include other cost, it could be higher.

[RoommateAgreement]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

people expect a lot of things out of bitcoin and they say a lot of other things about it even some things that doesn't even makes sense like crap like this:

What is happening is everyone is waiting for that price rise that isn't coming. Once people start realizing there will be no rise the prise will plummet towards 200-300. We will see from there but i suspect by then the network will be severely crippled by all the miners quitting, stagnating the network as a result.

so you see not all the things you read on the forum is true. and many users are only saying things that suites their situation that time and want to spread some lies for their own temporary advantage.

[Dafar]

Everyone was expecting a very high price increase during the block halving period.

No, only idiots were and you fell for it

[Jimbola3]

I was expecting a lot from the bitcoin halving.

You didn't notice it more than double beforehand? I think that was the action and peeps should be satisfied with that.

yeah exactly the price was around 400$ before few months only but now its 670$ which is pretty high and we all should be satisfy with it but its giving some some sign that it will go more high !

[KFCBTC]

We just broke a 1 months triangle pattern on the chart, now testing it with a pullback that happens 2/3 of the time according to bullowski.

This move looks really strong, I won't bet on a fake breakout. Fasten your seatbelt, this is going to move stronger soon.

Yes over 1000 when this pullback is done. Its clear sailing to profit. Buy now or cry later.

[Batelk]

We just broke a 1 months triangle pattern on the chart, now testing it with a pullback that happens 2/3 of the time according to bullowski.

This move looks really strong, I won't bet on a fake breakout. Fasten your seatbelt, this is going to move stronger soon.

Yes over 1000 when this pullback is done. Its clear sailing to profit. Buy now or cry later.

I agree with that somewhat. The bitcoin price could be between 900 and 1000 dollars after the correction.

[ASHLIUSZ]

I was expecting a lot from the bitcoin halving.

You didn't notice it more than double beforehand? I think that was the action and peeps should be satisfied with that.

yeah exactly the price was around 400$ before few months only but now its 670$ which is pretty high and we all should be satisfy with it but its giving some some sign that it will go more high !

The price rise from $400 to $650 is due the halving which was done on July, although halving was over its effects were not yet over. We may see its complete effects in the coming months with high price.

[richardsNY]

I was expecting a lot from the bitcoin halving.

You didn't notice it more than double beforehand? I think that was the action and peeps should be satisfied with that.

yeah exactly the price was around 400$ before few months only but now its 670$ which is pretty high and we all should be satisfy with it but its giving some some sign that it will go more high !

People are never satisfied. If you look at how the price has gone up in the last months, then you can only be impressed. At least, I am impressed. People that bought their coins at todays prices don't care about the price increase that we have seen lately. They just want to see the price go up now and ignore everything else.

[Vikingr]

I think we have to wait a little more, the announcement was not the announcement of price increase but it was the announcement of the halving of the reward of the miners so when the effect of halving will start the price will start increasing.

[kim.apps]

See the chart, the halving has been gradually priced in for months.

[btcmerich]

we are keeping stable price and is good.  I have seen  several dumps around 20btc-35 btc   each.. seems we have several  chicken ass rats thinking that this was the high from the halving and they are leaving ship and this will offcourse cause  the value go down . But  we will have some buyers picking those coins up and the small loss in value will be regained.

[angaper]

Actually I was not expecting any relevant movement in the bitcoin price, because markets always react with enough anticipation to every important information or event ahead, and this halving was not an exception and that is why we observed an important increase some weeks before that day, from around $400 to $790 in few days.

And I would expect a remarkable stability on the the bitcoin price until year end.

[Farma]

Well, it is a reality that is happening. after halving, no major effects that occur in the price of bitcoin. but, a lot of people who think that this is a delayed effect, meaning that bitcoin prices will surely rise to the height, but it takes some time both in the long term or short term. I also think that, and I am very confident that the price of bitcoin will actually go up in time

[Bamsed]

Well, it is a reality that is happening. after halving, no major effects that occur in the price of bitcoin. but, a lot of people who think that this is a delayed effect, meaning that bitcoin prices will surely rise to the height, but it takes some time both in the long term or short term. I also think that, and I am very confident that the price of bitcoin will actually go up in time

The major effect would occur  6 to 12 months after the halving. That is mainly due to the adoption.

[romero121]

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

You are wrong, the majority of people was expecting a decrease of the bitcoin value the same day of the blockw reward halving. Now I think we will stay in this range for a couple of weeks maybe months.  

I did not see more than maybe 1 or 2 users thinking that the price will decrease. The majority of users thought it will rise in this period, and they were talking about an increase in almost every thread in this section. Maybe I am wrong, but I think that there were more optimistic people here than those who thought the price would decrease.

YEah right i am one of them that thinking and expecting for the price increase not for decrease we know it will decrease after the price hit 800 value or more..

I think the price will trade around $600 to $800 in the next 5 months. Then it will rise to $900 or higher.

As quoted the price might jump towards $900 or even higher, but this won't sustain for a long term. I believe that the price sure decreases gradually and stabilizes from where it started to rise.