Sterbens
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December 25, 2019, 05:44:35 PM |
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It is possible but it will take a time, bitcoin will not easily achieve that $55,000 per each. I think it will be a months or even years. But one thing is sure and it is the growing the value and the power of bitcoin. The halving will cause the market reversal where if the bitcoin is still bearish next year we will see that it will form a market reversal chart and the bearish market will become a bullish market.
$55000 if only because halving maybe not really enough to reach. Maybe after it, need a months or a years for bitcoin price to reach even $50000. For me, maybe i wouldn't expect that high because will need a lot of money to pump bitcoin into that price. Many have said the price of btc will skyrocket after the halving but we cant rely too much with those predictions. History might repeat itself but still no one knows if this is still the case for the next halving. Its better to have our own analysis about it so we are prepared whatever the outcome is. Speculations can help us to make decision with our investment. Only help and we can use it to make our own analysis. I think yes price can be skyrocket, but no one can fixed to know when and how much it will reach. As long we prepare for worst thing that can be happen, we are ready for it. In fact, I cannot conclude that speculation is true. I prefer to wait for speculations that are not clear, even the experts cannot judge the results correctly. Invest in doing it with your own and indeed if halving happens, many will consider it a sharp spike, but that hasn't been confirmed either.
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bitbunnny
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December 25, 2019, 06:16:21 PM |
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Another exaggerated prediction, that is all I can comment. I think that expectations from halving are too high. It might influence the price in positive way, however that will probably be on short term and on a smaller scale. I don't expect some huge price jump and especialy not price range of 55000$ or more, I.don't think that is likely at all.
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free-bit.co.in
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December 25, 2019, 07:46:52 PM |
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2020 won't be a magic year for Bitcoin, I expect $15k in best scenario and in the worst case between $8k-$10k. It will be a long and slow year for Bitcoin. 2021 will be more realistic that things start moving up, well we will see!
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LFC_Bitcoin
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December 25, 2019, 07:48:56 PM |
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2020 won't be a magic year for Bitcoin, I expect $15k in best scenario and in the worst case between $8k-$10k. It will be a long and slow year for Bitcoin. 2021 will be more realistic that things start moving up, well we will see! Full agree with this, 2021 is the year we really start to rally. It’s going to take a while for the reduced number of coins on the market due to the halving takes effect (as seen post previous halvings).
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minersday
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December 26, 2019, 03:08:49 AM |
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Come on guys, let us face the reality for once. Where is such a huge money coming from to push bitcoin price to such an insane level. I think even if we are going to see a rise in value it will rise to $15K and nothing else. Everybody can make a prediction about the price of bitcoin but let's do so with some sense of seriousness looking at its development and adoption.
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free-bit.co.in
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December 26, 2019, 08:36:13 AM |
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Come on guys, let us face the reality for once. Where is such a huge money coming from to push bitcoin price to such an insane level. I think even if we are going to see a rise in value it will rise to $15K and nothing else. Everybody can make a prediction about the price of bitcoin but let's do so with some sense of seriousness looking at its development and adoption.
They said that too when people where saying we will see $1000 per BTC when the price was just $100.. It was unreal for me too...but we won't see a dramatic rise in 2020, halving takes time to take it into calculation of the price! Adoption is rising from small business trying to get to into the BTC wagon and even government owned business. Like in Croatia, Croatian Post office is buying Crypto (BTC,ETH and so on) and you get cash, later they will introduce that you can buy Crypto from them too. Currently they exchange Crypto in 55 places in whole Croatia! https://thebitcoinnews.com/croatian-post-now-offers-crypto-exchange-service-at-55-branches/We won't see a $55k BTC price anytime soon, but we can expect things to get interesting later in 2021! When I look 1 year back and take a look now, Bitcoin has spread quite a bit in this time span!!
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bitcoindusts
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January 12, 2020, 01:09:16 PM |
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2020 won't be a magic year for Bitcoin, I expect $15k in best scenario and in the worst case between $8k-$10k. It will be a long and slow year for Bitcoin. 2021 will be more realistic that things start moving up, well we will see! Same here, I also think $15k would be the highest BTC price this year. I think the halving hype is not enough to push BTC to its new heights. Aside from that there are lots of shorters in the market, they tend to short their trades when they see a 10% to 20% profit. If traders wanted Bitcoin to really go high and break its ATH, they should hoard their BTC and sell when it hits the mark ($20k+).
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buwaytress
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January 12, 2020, 06:25:04 PM |
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Not really, but it's been burnt into my mind from every other counter showing it;) I was hoping to see a lot more people say the halving would be a non-event (since Bitcoin does love proving people wrong) but I think this halving could also be the first where the most people say it's going to push BTC into a rally. OF course, it's also probably the first where prominent voices think it'll be a silent tree falling in the forest. Morgan Creek is the perfect example, both co-founders totally at odds with each other in their view of halving (Pomp says not priced in, Williams says non-event).
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gogoi (OP)
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January 13, 2020, 09:45:52 PM |
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Approximately every 4 years the reward that miners receive for finding a block, halves. This event is referred to as the “Bitcoin halving” and was hardcoded by Satoshi Nakamoto into the Bitcoin protocol to enforce its deflationary monetary policy. In the 2020 Bitcoin halving mining rewards will drop from 12.5 Bitcoins per block, to 6.25 Bitcoins per block. At the time of the 2020 halving, 18,375,000 Bitcoins will have been mined in total. That’s approximately 85% of the total Bitcoin supply. What will the Bitcoin price be at the halving? Right after the first halving in 2012, the Bitcoin price rose from $12 to $140. Weeks after the second halving in 2016, Bitcoin started a rally that propelled its price from $582 to $20,000. This video provides the exact price range to expect at the halving and looks at the possible height of the bull market following. https://www.youtube.com/watch?v=UKHI_-SIcDUThis video provides the exact price range to expect at the halving and looks at the possible height of the bull market following. https://www.youtube.com/watch?v=UKHI_-SIcDU
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italianMiner72
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January 15, 2020, 02:41:52 PM |
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i think 130K usd still too much... but according to the stock to flow analysis, maybe we can approach 100000usd for the previous bitcoin halving seem it worked great... but all of us know, the history, is not sure, it will repeat itself! take a look at the chart below.
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d3nz
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January 15, 2020, 03:21:21 PM |
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Another exaggerated prediction, that is all I can comment. I think that expectations from halving are too high. It might influence the price in positive way, however that will probably be on short term and on a smaller scale. I don't expect some huge price jump and especialy not price range of 55000$ or more, I.don't think that is likely at all.
And that would be a big jump and we don't know yet if the bitcoin's value will still rise up to $15,000 or more, we just need to wait and take advantage of the market's flow. Even thou there is a lot of prediction we just always need to accumulate and I am really expecting a rise in the value of bitcoin because the halving is near and once the reward will be in half then a few miners may only mine it since it could be not profitable for them because of the electricity consumed in bills. And better to check the value of bitcoin every hour since it is going up or down as of today.
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Twinkledoe
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January 15, 2020, 03:27:21 PM |
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Another exaggerated prediction, that is all I can comment. I think that expectations from halving are too high. It might influence the price in positive way, however that will probably be on short term and on a smaller scale. I don't expect some huge price jump and especialy not price range of 55000$ or more, I.don't think that is likely at all.
And that would be a big jump and we don't know yet if the bitcoin's value will still rise up to $15,000 or more, we just need to wait and take advantage of the market's flow. Even thou there is a lot of prediction we just always need to accumulate and I am really expecting a rise in the value of bitcoin because the halving is near and once the reward will be in half then a few miners may only mine it since it could be not profitable for them because of the electricity consumed in bills. And better to check the value of bitcoin every hour since it is going up or down as of today. The OP's price prediction is too much. Though we are not to believe everyone's speculation, but some newbies are sometimes gullible enough to believe what they are reading. And then later on, they will curse that person for having wrong prediction because they lost money. Everyone can have their prediction but it doesn't mean that you need to believe of all this crap. If btc will rise at least twice its value now, we will be grateful but if not, that's fine.
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LordShanken
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January 15, 2020, 04:20:31 PM |
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We all know that the halving event will be in mid-May, so no countdown is needed, just a regular calendar. The biggest question is whether the bull run starts now and the new ATH will be above $100k, or if it is a bull trap now and the bull run will start as always after halving, and the BTC price will fight for $ 50k ..
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Jiyens3
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January 15, 2020, 06:37:06 PM |
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It is possible but it will take a time, bitcoin will not easily achieve that $55,000 per each. I think it will be a months or even years. But one thing is sure and it is the growing the value and the power of bitcoin. The halving will cause the market reversal where if the bitcoin is still bearish next year we will see that it will form a market reversal chart and the bearish market will become a bullish market.
$55000 if only because halving maybe not really enough to reach. Maybe after it, need a months or a years for bitcoin price to reach even $50000. For me, maybe i wouldn't expect that high because will need a lot of money to pump bitcoin into that price. Many have said the price of btc will skyrocket after the halving but we cant rely too much with those predictions. History might repeat itself but still no one knows if this is still the case for the next halving. Its better to have our own analysis about it so we are prepared whatever the outcome is. Speculations can help us to make decision with our investment. Only help and we can use it to make our own analysis. I think yes price can be skyrocket, but no one can fixed to know when and how much it will reach. As long we prepare for worst thing that can be happen, we are ready for it. In fact, I cannot conclude that speculation is true. I prefer to wait for speculations that are not clear, even the experts cannot judge the results correctly. Invest in doing it with your own and indeed if halving happens, many will consider it a sharp spike, but that hasn't been confirmed either. yes all speculation is just an opinion, you can not fully trust on it. better to make your decision because your decision has own risk . for me better to see condition on the market than follow the speculations from people each halving bitcoin price can not predict and always reach new ATH (you can see in the history), so maybe the next halving will reach new ATH again but can not make sure how much.
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Visbay
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January 16, 2020, 05:12:41 PM |
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We all know that the halving event will be in mid-May, so no countdown is needed, just a regular calendar. The biggest question is whether the bull run starts now and the new ATH will be above $100k, or if it is a bull trap now and the bull run will start as always after halving, and the BTC price will fight for $ 50k .. Yes, this is really bad to make people fool by giving such baseless predictions without any serious motive. According to me bitcoin is having the potential to rise and it increases more than double in a short time but according to the current analysis price will cross only $20k this year and it will take more than 5 years to rise this much. We better keep waiting with determinants.
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Darooghe
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January 16, 2020, 05:27:53 PM |
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In my opinion it’s fairly safe to say that Bitcoin will still be at the attention of the cryptocurrency industry and investors in 2020 with the upcoming Bitcoin halvening in May. a halvening happens roughly every 4 years, and historically it have resulted in a bull run. The Bitcoin halving in 2012 heralded a bull run in 2013, and the halving in 2016 made way for the historic bull run of 2017 where Bitcoin reached its highest ever price of $20,000. I think this time we hit $60,000 easily.
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ubercool
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January 16, 2020, 05:49:17 PM |
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My best guess would be between 50000$ to 75000$, but as many of the community members predict, it'll be after the halving rather than before. So end of 2020 and 2021 would be a bull tide for BTC and I'm just thinking that at least 10% of that positive movement should go to alts, only then we'll survive. Otherwise all the alt holders will just bleed in this situation.
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fravia
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January 20, 2020, 09:04:02 PM |
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After the price recovery to be fair I have regained a little bit of money. Probably the pumps were high in past halvings to some degree, but certainly by now anyone remotely interested in finance, capital, bitcoin or gold would have known about May 2020 halving a long time ago. This is probably the most talked about, most anticipated, and most hyped, unlike past halvings. It seems expectations will fail when it comes to the price of Bitcoin... Not to say it's not going to be an influence, but to me it's already coming into play
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gogoi (OP)
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April 08, 2020, 05:37:46 PM |
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i think 130K usd still too much... but according to the stock to flow analysis, maybe we can approach 100000usd for the previous bitcoin halving seem it worked great... but all of us know, the history, is not sure, it will repeat itself! take a look at the chart below. While I have 130K as my fair priced target (stock to flow has 110k) the important piece to consider is that markets tend to overshoot themselves both to the upside and downside. Take a look at the chart you provided and prior to the 1st halving and during the 1st halving price reached beyond the upper bound of the stock 2 flow chart. During the 2nd cycle reached the upper bound. If during the coming 3rd halving cycle prices again reached or exceeds the upper bound that places price close to $350,000. Now again markets tend to overshoot to the upside and downside. An -85% correction from the peak if it were 350k places Bitcoin back down to $52,500 in the bear before recovering toward fair price of S2F $110,000 before the 4th halving cycle.
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gogoi (OP)
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April 09, 2020, 12:16:18 PM |
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Another exaggerated prediction, that is all I can comment. I think that expectations from halving are too high. It might influence the price in positive way, however that will probably be on short term and on a smaller scale. I don't expect some huge price jump and especialy not price range of 55000$ or more, I.don't think that is likely at all.
You think the performance of the last two halving cycles were anomalies. What do you base that off of pure speculation or intuition?
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