What is happening?

[PeRo]

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?

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[sandiman]

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.

[btcmerich]

we are still in block halving period.  it takes time for it to take effect ,  the   fact that we are stable at 630-650 USD is a good sign .  We have new floor at 600 USD and  the only way is up .

[redsn0w]

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 block reward halving. Now I think we will stay in this range for a couple of weeks maybe months. 

[sandiman]

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. 

no way 

[randy8777]

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. 

exactly this! i was also expecting a significant dump to happen directly after the block halving. i am quite surprised there was no massive dump. so in that aspect i am very happy that the price is staying at current price levels.

[PeRo]

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.

[dinda22]

I saw a halving previous experience, the price will not increase directly. so I was patient, and confident it will go up. let us look to the end of the year.

[zby]

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?

The record amount of shorts on the halving day on bitfinex is an evidence to the contrary. Longs are also high - but now slightly below the level it had 2 weeks ago.

[sandiman]

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?

The record amount of shorts on the halving day on bitfinex is an evidence to the contrary. Longs are also high - but now slightly below the level it had 2 weeks ago.

Short are good tu fuel parabolic rallies 

[redsn0w]

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.

In a long view period  (5-10 years) bitcoin should increase more and more, imho.

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?

Exactly, that was the common sentiment. The halving day was only just symbolic, now it will start its effect.
The record amount of shorts on the halving day on bitfinex is an evidence to the contrary. Longs are also high - but now slightly below the level it had 2 weeks ago.

[matrix zion]

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?

And if everyone is expecting to see the moon falling without any reason, would you still wonder why it didn't happen?

Fools expect a shit hitting the fan after the halving, but the fact is that halving was a long term planned event. It doesn't change anything that it actually happens.

[sandiman]

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?

And if everyone is expecting to see the moon falling without any reason, would you still wonder why it didn't happen?

Fools expect a shit hitting the fan after the halving, but the fact is that halving was a long term planned event. It doesn't change anything that it actually happens.

I think there was more to see in that event regarding the markets. Usually, news almost always go with "dumps" on the stock, currency, or what ever it is value. The fact that bitcoin didn't dump on the news shows underlying strenghs, giving more power to the triangle breakout.

[kwukduck]

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.

[Kakmakr]

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. 

exactly this! i was also expecting a significant dump to happen directly after the block halving. i am quite surprised there was no massive dump. so in that aspect i am very happy that the price is staying at current price levels.

People would only dump if the price increased to the moon. This did not happen, so a lot of people are still holding on to their Bitcoins. I would not even think of dumping, if the price was under $1000 per Bitcoin. Even then, I would only drop a few coins just to re-coop some of my initial fiat capital and not my whole hoard. ^hmmmmm^

[gentlemand]

I certainly wasn't expecting anything post halving nor should anyone else. You'd have to be a fuckstick or maybe a shitheel to believe anything would. It's a long term deal.

[Tippingcoin]

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. 

exactly this! i was also expecting a significant dump to happen directly after the block halving. i am quite surprised there was no massive dump. so in that aspect i am very happy that the price is staying at current price levels.

People would only dump if the price increased to the moon. This did not happen, so a lot of people are still holding on to their Bitcoins. I would not even think of dumping, if the price was under $1000 per Bitcoin. Even then, I would only drop a few coins just to re-coop some of my initial fiat capital and not my whole hoard. ^hmmmmm^

A common variant of the sunk costs fallacy. "I waited this long already, might as well wait a bit more. Even though the price has only one way to go: down."

[btvGainer]

I saw a halving previous experience, the price will not increase directly. so I was patient, and confident it will go up. let us look to the end of the year.

You are right.The supply will decrease at the end of this year because due to halving miners will now dump lesser coins.Holding is the best option till then

[Fatanut]

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.

[gentlemand]

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.