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Question: Your plan if no significant move on Bitcoin price along with the halving?
Disappointed and directly trade all holding Bitcoins.   - 1 (2.1%)
Keep holding until the next rising. - 39 (81.3%)
No idea. I will think and replan later. - 5 (10.4%)
Others (write down on your reply). - 3 (6.3%)
Total Voters: 48

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Author Topic: Your plan if no significant move on Bitcoin price along with the halving?  (Read 1254 times)
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Karmakid
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December 30, 2019, 11:43:18 AM
 #81

I wanna look at the situation. This topic is highly being discussed that if the price didn't double after the halving, many miners will lose incentive for mining. This might create a problem for the Bitcoin network. Along with that, the rising expectation of the price rise after halving will create a fomo which in turn will take the price up. I will take that as an opportunity to sell my holdings before the halving.
I will reinvest only if there is a stability in the market after halving.
There will be no stability in the market even before neither after the halving. Halving is just a normal event in bitcoin and since the difficulty of mining bitcoin will go up then the price should also go up in order to maintain the miners in the bitcoin network. You cannot expect the market to be stable and you need to deal with its volatility because it is a blessing in disguise to make quick profits because of the fluctuations.
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December 30, 2019, 12:09:51 PM
 #82

I might do both replanning and continue holding. Make some adjustments with my previous plan if ever the price didn't move that high compared to what is expected even with halving. And since I can't do anything with it, I'll just continue holding. In crypto, unexpected increase and decrease is normal so I'd better prepare myself if that is the case. That's the best thing I can do.
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December 30, 2019, 03:27:58 PM
 #83

While its good to make a plan, its even better to make solid plans on what one can control while the ones you cannot control the plan there will be on making some excess spending assuming the plan is on revenue expected to be generated from the price of bitcoin. In my own case, while I am optimistic that the price of bitcoin would rise and the impact this would be on my finances should this happen, I am not oblivious that it might not happen which would me easily amenable to the current realities and the halving would not make any difference in that plan.
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December 30, 2019, 03:47:01 PM
 #84

Holding would be the most obvious choice here should the scenario even happen. There's no reason to continue trading nor go against the tide if the ship is clearly sinking without any chances for recovery. By going against the tides, chances are you might just waste everything and sink insteas of just going with the flow and leace things as is.

Then again, this highly depends on who you're asking. A day-trader would surely continue on trading but for the most of us, the answer is just to hold.

Yes, as we can see from the posts in this thread and from the poll, most of us will be holding if nothing changes, or if the price goes a bit up or a bit down. But I have an impression that most of us don't realize what period of time we are talking about. It's not about 2-3 months before/after the halving, but rather about 1 year+ after the event. It's a pretty long period of time during which the price can significantly go up or down for other than the halving reasons. I personally believe that the price will go up significantly during 2020-2021, and not necessarily due to the halving.

Even me, myself, I will choose to still hold on bitcoin no matter what because when the time comes that bitcoin price becomes high again, you are the one who is a winner. So patience is always a way to success. I still trust bitcoin although they say that it will take too long before it becomes the no. 1 coin again.

I don't care about what they say, after 5 years from now. Maybe bitcoin will reach above $10k USD and it is huge enough. Imagine from $6k to $10k up. So that's why I still have faith in Btc.

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December 30, 2019, 04:38:48 PM
 #85

I will pick the 2nd option.
Keep holding until I see the next rise.

There is just not much option right?
It is like you have been here all the time and made so much effort. There is more backing out from it.
The weak might surrender but there are still people who will keep on fighting until the very good end.
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December 30, 2019, 05:08:06 PM
 #86

~
Yes, as we can see from the posts in this thread and from the poll, most of us will be holding if nothing changes, or if the price goes a bit up or a bit down. But I have an impression that most of us don't realize what period of time we are talking about. It's not about 2-3 months before/after the halving, but rather about 1 year+ after the event. It's a pretty long period of time during which the price can significantly go up or down for other than the halving reasons. I personally believe that the price will go up significantly during 2020-2021, and not necessarily due to the halving.

Even me, myself, I will choose to still hold on bitcoin no matter what because when the time comes that bitcoin price becomes high again, you are the one who is a winner. So patience is always a way to success. I still trust bitcoin although they say that it will take too long before it becomes the no. 1 coin again.
~

Who's saying that? BTC is number 1 coin right now. Its dominance, in regards to the market cap, equals to 68%. And when the market cap figures can be fake for some shitcoins, we all know that they are not fake for BTC. I know some people say that market cap means nothing, but I think it shows how much money in total people can entrust to this or that coin, and this is a very important indicator.

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December 30, 2019, 05:48:24 PM
 #87

- First halving, on November 2012 : Bitcoin increased from $11 to $1,100 in 2013 (one year later)
- Second halving, on July 2016 : Bitcoin increased from $600 to $20,000 in 2017 (one year later)
- Third halving, on May 2020 : Bitcoin increased from $6,000-$8,000 to $??? in 2021 (one year later)

We all know based on the historical data, Bitcoin should increase more than $20,000 in 2021. The first and second halving have proven significant moves on Bitcoin values. So, it makes sense if we believe that in 2021 will be another great year for Bitcoin.

However, who knows about it. No guarantee for the rising of Bitcoin value. Since Bitcoin is decentralized and no authority to have the responsibility, a bad scenario may happen to break off our expectations. So, how if there is no significant move on Bitcoin price in the upcoming halving? What is your plan as a Bitcoin holder?

- Disappointed and directly trade all holding Bitcoins. 
- Keep holding until the next rising.
- No idea. I will think and replan later.
- Others (Write down on your reply).

*Sorry if this topic was already discussed before. I've used the search button and find out no result.
I have big plan when bitcoin halving coming because bitcoin must have good price above $20k, I will disappointed when bitcoin miss for growing up to higher price and look frustrated with how long I have waiting for profit with my assets holding, next year when bitcoin haling coming become my chance to get back with altcoin up to higher price and bitcoin keep stable always above $20k.
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December 30, 2019, 06:50:17 PM
 #88


I will pick the 2nd option.
Keep holding until I see the next rise.

There is just not much option right?
It is like you have been here all the time and made so much effort. There is more backing out from it.
The weak might surrender but there are still people who will keep on fighting until the very good end.


First of all i would say that bitcoin price will not remain same after halving, it will surely increase as from previous review, and if something happen like the price do not increase then i think it would be very fool decision that one will sell bitcoin.
like you i will hold my bitcoin in any situation and will not lose my heart very soon.
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December 31, 2019, 02:20:52 AM
 #89

Actually, I don't have any backup plan at the moment because I strongly believes that the prices will surely hit some new heights sooner or later after the halving.If there is such scenario of price stays or get dumped then I will keep on HODLing until my loss reaches the level that I can afford.
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December 31, 2019, 02:39:35 AM
 #90

I will pick the 2nd option.
Keep holding until I see the next rise.
This is my plan too, but will try to trade often, and will try to stop loss thru trading. Though halving is always expected to make a increase in the past years. If ever things weren't happen that way then I will just probably do trading more than keeps on holding. But still be hopeful that it didn't change the idea of halving as many expects high on it.

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December 31, 2019, 02:57:48 AM
 #91

if in 2020 or 2021 bitcoin can't pump as I expected. then of course I will be disappointed and maybe I will still sell half of my bitcoin for me to use to open a business in the real world. and the rest I will hold it back until bitcoin can pump again. I am always optimistic that bitcoin prices in the future will be more expensive. because I see every year more and more countries are willing to accept bitcoin and also bitcoin users are increasing.

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December 31, 2019, 03:32:16 AM
 #92

It is good that there is no vote that goes to the option Disappointed and directly trade all holding Bitcoins. I feel glad that we remain strong as a community of Bitcoin supporters who are looking far beyond the temporary price fluctuations. Bitcoin is a very young currency. It has a very bright future ahead of it. It might even become the topmost global currency in the next decades. We should be looking at this potential rather than at its daily price changes.
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December 31, 2019, 03:54:55 AM
 #93

I still no have idea what will I do if the halving will not cause the upward move of the bitcoin. My action is depends on the price action so that is why I still have no plan for that. Also, I do not care in halving because I am not a holder and I am a trader. I do not want to become a passive investor who are just holding a coin in a long time because it is sucks for me. I'm an active trader because that's what I want.

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December 31, 2019, 12:24:22 PM
 #94


I will pick the 2nd option.
Keep holding until I see the next rise.

There is just not much option right?
It is like you have been here all the time and made so much effort. There is more backing out from it.
The weak might surrender but there are still people who will keep on fighting until the very good end.


First of all i would say that bitcoin price will not remain same after halving, it will surely increase as from previous review, and if something happen like the price do not increase then i think it would be very fool decision that one will sell bitcoin.
like you i will hold my bitcoin in any situation and will not lose my heart very soon.
If you are a long term holder then you wont care too much on what would be the upcoming prices.Theres no assurance if the price will shoot up or would just be on sideways.

But there would be a significant move in prices.It might not be too fast but it is much more preferable rather than to see sharp spikes on prices.

For now we should wait up on what would be the things to happen.Thing here is that you do know on what you gonna do.

R


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December 31, 2019, 01:54:55 PM
 #95

At first I thought that halving should had an impact, at least a psychological one, resulting in price rising. But then, after looking at the charts once again, I began wondering weren't those price increases just coincidences, considering that they were happening a year after or so. I do believe that the price will rise in the near future, but I'm not sure if the halving will be the reason for that. So, regardless, I'm going to hold until McAfee's most modest prediction, $1 million for 1 BTC, comes true. Smiley  Btw, according to the guy, it should happen by the end of 2020. Good Luck in 2020, everyone!

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longyenthanh
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December 31, 2019, 05:12:15 PM
 #96

There is no chance that nothing will happen to bitcoin price. May be halving have zero effect on bitcoin price but something will keep on happening to price of bitcoin sooner or later. According to my plan, I am accumulating bitcoin at its current price and hodling it until there is significant moment in bitcoin price. Dont pay much attention to this halving.


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Vishnu.Reang
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January 01, 2020, 06:02:52 AM
 #97

For me, it is not going to make much of a difference. Because I am in for long-term investment with Bitcoin. I am ready to wait for another 3-4 years, so that I could sell my Bitcoin stash at a considerable profit. Now I need to note down that I had purchased my coins almost 3 years ago (January 2017), when the exchange rates were $900 per coin. Even at current rates, I am sitting on top of 700% profit. 
bitzizzix
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January 01, 2020, 08:21:10 AM
 #98

Whatever happens to bitcoin go forward or reduce it to half is no problem for me, because I always do the long term to hold it back when bitcoin goes down for a long time or whatever it is.
and I will wait for 1 or 2 years until bitcoin rises significantly, and most importantly bitcoin always dominates and remains the number 1 coin in the crypto market and I always believe in bitcoin and will always give good returns and the most important is to be patient and remain consistent to wait for it even though it takes a long time.

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inanilujimi
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January 01, 2020, 08:42:06 AM
 #99

For me personally, I will hold on to the bitcoin that I have until I get real results and then let it go.
Panic will bring destruction. What is clear is that many factors cause bitcoin to increase not only by dividing it in half.
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January 01, 2020, 08:56:58 AM
 #100

Bitcoin doesn't have to make a big move for most of us to actually do something about it, if it stays same we will move the spread, if it goes down we will leverage short, if it goes up we will leverage long.

I mean not myself personally because I am just a long holder but in the end there will be people who make profits no matter what bitcoin does, there are people out there who can profit whatever bitcoin does (different people for different moves) so it is all about what the majority is hoping for bitcoin to do and not "some" of us because a small portion always comes out right, there are people on each directions waiting for it to happen so it is impossible for bitcoin to do something and NOBODY makes any profit, even if it stays the same people will find a way to profit from it.

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