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Author Topic: Less than 1 Year for Block Halving  (Read 313 times)
1Referee
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May 21, 2019, 09:50:16 AM
 #21

That being said, I wonder if institutional players see the halving as a major factor in entry. Halvings haven't had much immediate effects historically, so it has always been possible that they weren't the biggest catalysts to the bull runs afterwards.

It doesn't matter who we are talking about, everythinig that cuts in the rate of inflation by 50% is a big deal. Bitcoin was already hard obtain in large quantities (especially during bull cycles where people don't let go of their coins), but now less of it is flowing into the market, which means that more people have to compete for an even smaller pool of freshly minted coins.

The block halving will be calculated in before it actually takes place because of how smart money is front running the event. Whatever happens after the block halving is largely the result of more demand due to the hype because of how the price has gone up prior to the block halving. Retail money ignores what's going down or remains stagnant, but loves to jump in when the price has shown green for a longer period of time.
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May 21, 2019, 09:58:56 AM
 #22

Halvings are very important factor, not only in a technical, but in a psychological sense. In next halving reward per block will go from 12.5 BTC to 6.25 BTC and will have 18.37 million BTC mined at that time. The fact is that less and less bitcoin is left for mining, and that halvings will cut block rewards every 4 years, with limited supply -  could cause significant increase in price. However, all depends on demand for bitcoin in next years and whether people accept bitcoin as store of value or cryptocurrency.

When it comes to bitcoin nothing is impossible, and therefore should not be dismissed possibility of six-digit numbers. Most major investors mostly agreed that this is possible, the only difference is when this could happen. Based on past halvings big things mostly happen 6+ months after halving, and in next year.

The only difference from the last halving is that base price for big pump was under $1000, and after next halving we can easily have x10 from that price. If we know that is possible to go from $1000 to $20 000 in one year, maybe it's possible to imagine $10 000 to $100 000 in next bull run Smiley
 
 

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May 21, 2019, 10:27:24 AM
 #23

The clock moves fast, time goes on and less than a year for BTC, what do you think of the effect on the total amount and therefore the price? Will we see in a year or two astronomical numbers like $ 100,000?

Block Halving ETA: 365 days, 5 hours, 14 minutes

Date ETA: May 20, 2020

this is the only good long-term news that could create a big price increase, maybe it's because of that the price increased from $3100 to $8300 in a short time. ETFs turned out to be a big disappointment:

US SEC Postpones Verdict on VanEck ETF Application, Again

The SEC has added a 35 day period for gathering more information and opinions on the proposal, which was initially filed by the Chicago Board Options Exchange (CBOE) last year.

They need more information. Grin

we need to have a very strong and united community that puts pressure on governments to legalize cryptos and use bitcoin as a means of payment around the world. When the day comes when we can use bitcoin as a means of payment around the world, we can celebrate.

Regarding price forecasts, I think we will reach $ 28,000 by the end of 2020


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May 21, 2019, 10:51:18 AM
 #24

Halving can make bitcoin previous $20,000 ath double it can happen but if we are talking about $100,000 mate i thnink this is still not possible this year even if with halving.Previous halving we didnt get that huge huge multiplier in price if we base that on current ath and the rate of increase last halving we can easily achieve 40-50k

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May 21, 2019, 11:16:35 AM
 #25

We are all waiting for this block halving and expecting that it would drive the price up,
We are expecting this to be the reason for another ATH and maybe after that we wouldn't see the price getting back to 4 digits again.

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