darkangel11
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December 20, 2019, 04:19:43 PM |
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Everyone is just hoping that this will be true and the price reach may be 7x or 8x of previous all time high. I feel the halving will be a great positive point for the crypto community and we may see another new rally towards ATH.
When the majority is talking about it all the time it usually doesn't happen. I can already tell you that if we keep seeing this "when pump when lambo" attitude towards halving it will end with a major disappointment. The reason for it being that this fake hype makes a lot of newbies enter the market and all of them just want to exit to fiat. THey want to buy Bitcoin with their 10k savings and after a month exit with 15k never to return making it harder and harder to break psychological barriers like 10k.
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nanaimogold
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December 20, 2019, 08:25:49 PM |
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i would be happy even we only break the 20$ grant last 2017 ,i dont want to frustrate myself looking for much higher because i know there will the the change of system this coming halving. there will be abusing that happen from the biggest investors just like what they are doing in the market movement from the start.
Exactly my friend. I am more interested in bitcoin crossing its all time high of $20k than making new records at x3 of ath. Although previous history of bitcoin during halving had a tremendous return but we can't still overlook other variables that might take its toll on the price as well. So I will generally buy some btc and keep an open mind
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TitanGEL
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December 21, 2019, 12:37:22 PM |
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Everyone is just hoping that this will be true and the price reach may be 7x or 8x of previous all time high. I feel the halving will be a great positive point for the crypto community and we may see another new rally towards ATH.
When the majority is talking about it all the time it usually doesn't happen. I can already tell you that if we keep seeing this "when pump when lambo" attitude towards halving it will end with a major disappointment. The reason for it being that this fake hype makes a lot of newbies enter the market and all of them just want to exit to fiat. THey want to buy Bitcoin with their 10k savings and after a month exit with 15k never to return making it harder and harder to break psychological barriers like 10k. I do not think that so because for me bitcoin cannot easily achieve $55000 per each. I think it is exaggerated and for me achieving its previous all time is possible. The bitcoin has support and resistance. If the price breakout to its current resistance then there will be another resistance. We should be aware that the area of resistance are the area of the sellers so the price are having tough time to surpass it. I do not expect too much in the price of bitcoin and I just keep monitoring its price movement.
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buwaytress
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December 21, 2019, 12:53:01 PM |
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I disagree. Decreasing supply also might cause some miners to shutdown, leaving bitcoin with less hashrate without increasing the price.
I reckon that we should stop and analyze the situation without following the permabull echo chamber blindly.
I think miners are completely dependent on income, from what I've seen in the past year and a half. And that's not as much to do with the exact economics of selling bitcoin, but on how much they can keep the operations afloat for, versus how much they've got in the bank. I still believe miners actually try to time their sells and then actually have enough in the bank to operate at a theoretical loss. They're always selling either at a high. Other way is contractually via OTC. Once that contract runs out and they can't negotiate a good price, then it's all over until they can. That's totally not scientific, by the way, the way my gut sees it now.
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ultrloa
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December 21, 2019, 01:29:01 PM |
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Everyone is just hoping that this will be true and the price reach may be 7x or 8x of previous all time high. I feel the halving will be a great positive point for the crypto community and we may see another new rally towards ATH.
When the majority is talking about it all the time it usually doesn't happen. I can already tell you that if we keep seeing this "when pump when lambo" attitude towards halving it will end with a major disappointment. The reason for it being that this fake hype makes a lot of newbies enter the market and all of them just want to exit to fiat. THey want to buy Bitcoin with their 10k savings and after a month exit with 15k never to return making it harder and harder to break psychological barriers like 10k. I do not think that so because for me bitcoin cannot easily achieve $55000 per each. I think it is exaggerated and for me achieving its previous all time is possible. The bitcoin has support and resistance. If the price breakout to its current resistance then there will be another resistance. We should be aware that the area of resistance are the area of the sellers so the price are having tough time to surpass it. I do not expect too much in the price of bitcoin and I just keep monitoring its price movement. So do I and never think that to be happen since if we look back on what's happening today for sure it will hunt down the mindset of the people and whenever we can see a big price up then the sells will follow since we already encounter those things up and those given numbers is so huge which really not possible to pass on right now. Maybe it's best for us to monitor the flows and instead of thinking about impossible things we should focus on the current condition.
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pixie85
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December 22, 2019, 04:29:55 PM |
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I do not think that so because for me bitcoin cannot easily achieve $55000 per each. I think it is exaggerated and for me achieving its previous all time is possible. The bitcoin has support and resistance. If the price breakout to its current resistance then there will be another resistance. We should be aware that the area of resistance are the area of the sellers so the price are having tough time to surpass it. I do not expect too much in the price of bitcoin and I just keep monitoring its price movement.
Support and resistance cease don't matter when there's hype and FOMO. Did you see resistance levels at play on the way to 20 thousand in 2017? When we broke 3000 it was all crazy hype fomo market with the price going up by 1000 dollars every few days with almost no pullbacks and corrections. We could be at 50 thousand in less than 6 months of a fomo market.
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CryptoBry
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December 23, 2019, 03:37:27 AM |
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Everyone is just hoping that this will be true and the price reach may be 7x or 8x of previous all time high. I feel the halving will be a great positive point for the crypto community and we may see another new rally towards ATH.
There is more chance that indeed the coming May 2020 rewards halving can pull some tricks on Bitcoin I think this is already a foregone conclusion, but we can't determine is how much percentage of possible pump will there be. And that is something that we should be excitedly watching for. Right now, there is this industry-side expectancy so it can even be a self-fulfilling prophecy. Of course, there will always be people who have other opinions and that is just fine since we are really in a market all determine by the demand and supply as well as some big and small manipulations, admittedly.
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DevilSlayer
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December 23, 2019, 03:59:17 AM |
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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.
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adaseb
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December 23, 2019, 04:33:58 AM |
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Out of all the bitcoins that are mined everyday which according to, https://bitinfocharts.com/bitcoin/Is around $16 million per day. Doesn't mean that those $16 million are market sold every single day. Most mining farms are large and professional organizations and they've been mining for years and have tons of capital for electrical and equipment. Most of the farms probably only sell during strong bull markets and just hold during a bear market. Sure its not all the farms but most of them operate this way. I think with alts like ETH its different because its more retail focused, so they need to sell their ETH to pay for their 1080Ti GPUs and their electricity, however bitcoin is generally more oriented with professionals instead of the beginning retail miners. So the day after the halving doesn't necessarily mean that there will be $8 million dumped per day from $16 million.
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MI6
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December 23, 2019, 04:39:54 AM |
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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.
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lienfaye
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December 23, 2019, 05:04:05 AM |
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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.
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AakZaki
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December 23, 2019, 12:42:36 PM |
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I think that the price of BTC is too fast to reach the price you mentioned, because 2019 is not over. I'm not pessimistic, just I don't think that's right. halving moment is still far away we need to see again what will happen next year. and hope that BTC can be as we hoped.
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stadus
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December 23, 2019, 01:01:25 PM |
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With what I observe in the market now, I don't think we will reach that high even with the upcoming halving. I'd rather be conservative with my prediction and I am hoping that the upcoming halving will somehow bring some hype in the market again and the hype would be enough to bring the price to its ATH and maybe surpass it, but at the range of $55,000 - $130,000, I highly doubt we will achieve that in just a short period of time.
You attached a link which is a video, I'll watch that to know how its possible to reach at that high prediction.
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longyenthanh
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December 23, 2019, 02:11:31 PM |
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$55000 price prediction is unjustified for Bitcoin. We are yet to reach an agreed upon stable price of bitcoin. I don’t know what impact this coin halving will have on price of bitcoin but at-least bitcoin wont be going to 50,000 $. I suggest all to stay away from such predictions. Almost all have gone wrong.
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altcointalk14
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December 23, 2019, 02:44:49 PM |
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There is another thread which says bitcoin may go down to $5500 https://bitcointalk.org/index.php?topic=5210171.0 and this thread saying bitcoin may go to $55000. $5500 seem more feasible then $55000. For me coin halving is just a buzz word and we wont see any hike in price due to that event. Just buy whenever you think is righ time to buy.
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BChydro
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December 23, 2019, 03:09:54 PM |
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Out of all the bitcoins that are mined everyday which according to, Is around $16 million per day. Doesn't mean that those $16 million are market sold every single day. Most mining farms are large and professional organizations and they've been mining for years and have tons of capital for electrical and equipment. Most of the farms probably only sell during strong bull markets and just hold during a bear market. Sure its not all the farms but most of them operate this way. The reason they are professionals is because of the huge amount of capital investment required to start one and they will liquidate the coins in a strategical way rather than dumping the coins just like that as they want the market to grow to have a sustained profit in the long run and most of the sales will be done without the coins entering the exchanges. I think with alts like ETH its different because its more retail focused, so they need to sell their ETH to pay for their 1080Ti GPUs and their electricity, however bitcoin is generally more oriented with professionals instead of the beginning retail miners. It depends upon the kind of investment and the bank balance of the miner and hence you cannot predict that perfectly as you do not need a large investment like ASIC to purchase these GPU and you can run a decent farm without much investment in the past but now i have no idea about the difficulty level.
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Oneandpure
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December 23, 2019, 04:03:20 PM |
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There is another thread which says bitcoin may go down to $5500 https://bitcointalk.org/index.php?topic=5210171.0 and this thread saying bitcoin may go to $55000. $5500 seem more feasible then $55000. For me coin halving is just a buzz word and we wont see any hike in price due to that event. Just buy whenever you think is righ time to buy. Every one have own prediction although not have correct prediction about bitcoin price up above $55k and bitcoin will goes down under $5500, right now is not chance to heard with many fake prediction with bitcoin because almost of bitcoin prediction not true and give fake prediction with bitcoin price never corresponding whit how much price prediction.
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diazepam666
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December 23, 2019, 06:27:56 PM |
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Bitcoin price and halving are really close each other. Reason is marketplace value of bitcoin is always shows its potential at the halving time due to that people are expecting bitcoin to reach the next peak value in the market. But still we are not aware that it will reach to such value.
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monineklutak
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December 23, 2019, 07:20:14 PM |
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$55000 price prediction is unjustified for Bitcoin. We are yet to reach an agreed upon stable price of bitcoin. I don’t know what impact this coin halving will have on price of bitcoin but at-least bitcoin wont be going to 50,000 $. I suggest all to stay away from such predictions. Almost all have gone wrong.
$ 55,000 is difficult for Bitcoin to be able to achieve in this short of time, this is still not normal, the prediction is very off the mark, if Bitcoin cannot break through strong resistance at $ 19,000 we won't be able to see $ 55k- $ 100k
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MI6
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December 25, 2019, 09:39:47 AM |
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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.
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