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Author Topic: Morgan Creek is Against The BTC Halving Popular Opinion. What do You think  (Read 142 times)
nanaimogold
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December 02, 2019, 10:59:57 PM
 #1

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social

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December 03, 2019, 12:53:02 AM
 #2

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social

i think at this point so many people are saying that the halving WILL effect price positively, that now we have others that just wanna bet against the herd or w.e : /
people should have locked in their predictions months ago, its too late to start now imo Tongue
If we go with theory, it should go up, but who knows how many people are going to stay in profiting taking (sell mode) thru 2020, that could keep it down easily too
institutional money is in now, they make killings off just a few % up and down thru the months. Time will tell!

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December 03, 2019, 01:21:42 AM
 #3

I also agree. I've been around for the last halving and from what I remember, nothing much happened and it was actually what happened in the ensuing months that was significant and was likely still tied to the halving, though, and I don't think many people actually expect the exact date of the halving or the days/weeks around it to be when the real action starts to happen, though it'll probably kick in soon enough afterwards. You also have to remember that history doesn't always repeat itself like you would expect, though, and I'm certainly ready for a case where the price doesn't significantly move upwards even a few months after the halving kicks in. Could certainly be a possibility considering a lot of people seem to be banking on it now and Bitcoin likes to screw over the majority.
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December 03, 2019, 01:25:02 AM
 #4

I think we should be ready for any outcome.
Litecoin showed an impressive growth around halving even in a bearish market, so we can safely assume there would be a strong force bringing it up but again large whales too would be active to earn for themselves by fooling general traders. That may be a strategy to bring the price down during the halving.

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December 03, 2019, 02:39:35 AM
 #5

The people who expect the price to go up at literally anything that happens to bitcoin is for sure overly optimistic anyway. The halving is already proposed from the day bitcoin was born and it's not a surprise. The total supply will remain the same and capped at 21 million and people shouldn't expect anything big to happen. Even I really doubt that it will do anything to bitcoin price even the slightest because halving should actually become a norm in the crypto community but people keep on discussing this. Heck, even burning coin that has done by some of the altcoins out there did nothing nowadays but it's a piece of big news like mass adoption or such that affect so much.

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December 03, 2019, 02:56:11 AM
 #6

that makes sense, as you can see that a few months ago litecoin has been getting halving at august 2019 and you can see the latest chart and litecoin is still facing a very big downtrend right now
https://coinmarketcap.com/currencies/litecoin/

I think that guy has learned from another coin.
FOMO before halving looks real but that guy is saying about the result after halving. FOMO occurs when there was a lot of rumors around the market.
I can see the point what he was talking about. People will start to buy before halving and then sell after halving will have done

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December 03, 2019, 03:18:56 AM
 #7

Thats their plain opinion however lets see how the market will react after that event. The price actions could still be inevitable because we might not know the next move of spectators, a lot of people will still buy it specially if people talks about it and heard the news. We may have different opinions but its up to the market in the end. 

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December 03, 2019, 03:21:07 AM
 #8

I just agree with her argument to halve the prizes given in the campaign. But could not allow all to follow it because many people are in need of money. But it can not be denied the price drop because many of the airdrops prizes that when the distribution surely there is an excessive price drop because many people who do want money not only hold a project.
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December 03, 2019, 03:54:55 AM
 #9

it probably wont affect it on the exact date of the halving, but it definetely is going to affect the price in 2 ways
1) psychologically
2) the supply will be lower , demand probably will stay the same or grow until then...
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December 03, 2019, 04:10:10 AM
 #10

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
Halving is not, in fact, a miraculous mechanism that increases the value of an asset, it often relies more on supply and demand. But now I disagree with Morgan Creek, what he's doing is just trying to get people psychologically shaken and doesn't want to buy a lot of bitcoins anymore. But that's just his haphazard prediction because the previous three halving of bitcoin's price has all grown very well.

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December 03, 2019, 04:13:59 AM
 #11

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social

Maybe that's because everyone else in Morgan Creek are throwing let's just say "less conservative" numbers Smiley. There's bound to be at least one who disagrees when everyone else is fomoing.

I have to admit that the fomo is troubling me as bitcoin has never acted like people have wanted it to act.

By the way why this topic is on altcoin section? Please move it.

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December 03, 2019, 04:28:23 AM
 #12

If people or whales decide to keep their bitcoin after halving the price will surely increase, maybe morgan don't know or understand what halving actually is? it will cause more scarcity and price won't be the same again

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December 03, 2019, 04:37:26 AM
 #13

Personally I'm very sure that the price of bitcoin will surge after halving, but I don't know exactly when.
In my opinion, Morgan said that because maybe he wanted to fill his bag first before bitcoin was halving and the price skyrocketed. We need to know that smart miners will not sell cheap bitcoin after halving because of the reward they get decreases. So I am very sure bitcoin will surge like last 2017 or maybe can surpass it.
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December 03, 2019, 04:40:56 AM
 #14

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
Of course, Because its only base on data history of bitcoin. That is not reality, No one can predict the situation of bitcoin. What if its more than that expected or less than that we expected. I am right? If not its not predictable. Its like lovelife that you cannot predict what will happen to their relationship. Basic!

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December 03, 2019, 04:52:56 AM
 #15

Its better to be ready for both side ways, either good or bad can happen, the next halving might not be effective on bitcoin price because the last one doesn't until few months later

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December 03, 2019, 05:00:30 AM
 #16

There are a lot of people who are just using history to define what the price fluctuation would be.
But who does really know what could happen? That is the future and we could not see thru it. We can just use the past to define what could happen someday.

I don't agree with him and so does the hype that a price pump will happen after the halving. There is possibility there will be no movement at all.

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December 03, 2019, 05:06:53 AM
 #17

Either the price will surge after bitcoin halving or not i think its wise to be prepared for any outcome to avoid disappointment, it is possible that nothing might happen after the halving but i can assure you that it will help since the block reward has been reduced, this means scarcity

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December 03, 2019, 05:16:29 AM
Last edit: December 03, 2019, 06:09:19 AM by masterrex
 #18

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
That's what people believes so lets respect that, each everyone of us have an opinion maybe its favorable or not, But for me personally I agree of Jason williams opinion because i believe also that halving of Bitcoin's Block reward cannot create or dictate any price momentum,since its not been supported any evidences so in short its just a plain speculation.

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December 03, 2019, 05:36:07 AM
 #19

⁠Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek.

"In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May".

https://cointelegraph.com/news/halving-will-be-non-event-for-btc-price-morgan-creek-digital-exec?utm_source=Telegram&utm_medium=social
If you are looking for news information like this, you can find a lot of people who said the same thing in Halving 2016, but what they saw in 2017, they cried because they believed in this kind of nonsense, so let's see what will happen. later, I can't say much with evidence that a lot of people today are trying to convince the HODL to throw it away  Grin
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December 03, 2019, 06:36:00 AM
 #20

The last time BTC halved, the price went up a few percent for a couple weeks after it happened, then it dropped a bit and took three months to recover to what it was before the halving. The last time LTC halved, the price held pretty steady for a couple months before spiking up. If mining a single Bitcoin today costs 7200 USD of super computer power and electricuty, it will cost 14200 USD after. So either price increases or hashrate drops to compensate for it.

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