Could this be a bullish sign as halving approaches?

[cheezcarls]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

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[migws]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

Over the past 3 years, I have seen a huge number of signs and you know what? Almost all of them turned out to be fake because Bitcoin does not care about logic, it goes its own way, which is impossible to predict. Just wait for halving and hope for a brighter future.

[DeathAngel]

I don’t know but we don’t have to worry, the halving is fast approaching & the price should start to slowly rise as we get towards it. The real fireworks will be in 2021 though.

[BlackFor3st]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

What makes the market more challenging is because it is unpredictable and because of mass adoption of Bitcoin it cannot be controlled easily unlike the past years that big whales can easily monopolize the market as they like.

As the halving approaches many predictions are spreading everywhere, there are predictions that are positive and still the negative sides are always there also. The bear is very long and what I can say is that this coming halving is the right time for the market to shift again from bear to bull.

[MURONDI]

logically it will increase the price of bitcoin, but the fact is no one can guess with certainty the state of the market, Hopefully the price can really go up in 2020, crypto holders certainly hope so too, according to my analysis if the price is able to penetrate 8000 it is likely that prices will experience a sharp increase, but if it is not able to penetrate this number, it is likely that the downtrend still dominates the market.

[jtraverso]

Time will tell how halving will affect Bitcoin. Unfortunately, this is the most unpredictable asset and one cannot say how the market will behave. Let's just wait for halving

[crwth]

The increase in hash rate says a lot in terms of the technical side. So to see how it affects Bitcoin, we have to wait and see. In terms of the current signs, it could be, an increase in hash rate automatically says a lot more people are giving power to the Bitcoin blockchain, and that's a good sign. It seems like more miners are probably using their rigs for Bitcoin and nothing else. I hope they find a great alternative to the power-hungry machines that they have.

It's not a sure thing, but it could lead others to use Bitcoin more because of the support of the miners giving more computational power to the technology.

[samuraijin]

an increased hash might increase prices plus halving that will happen soon, slowly maybe bitcoin and other cryptocurrency are starting to recover next year, if the problem with our scammers the people in this forum have reminded it to beginners here and people out there also need to make a lot of writing and spread it to all crypto news media, at least so that people understand and want to stay away from scammer projects like plustoken and others, nothing gets rich quick in this bitcoin especially in the crypto world, everything needs to be a process and be adopters then get profit

[Mahanton]

Hashrate increase has nothing to do with bullrun.Yes, it do signifies increase of miners in the network but doesnt mean the demand do rise up too.
We know that price will vary on the demand which is on buyers or investors of btc.Good thing here is that miners still consider on mining out but we wont
know on what would be their views or behaviors after the halving occurs.

[senne]

Halving is approximately an year ago from today. Right now, you shouldn't connect any happening with the halving. Many ups and downs gonna come along with various different news before the halving's fomo actually kicks in.
And this increase in hash rate doesn't suggest anything. There is no other news or happening to support the technicals. So I won't go with the indicators unless it gets supported by other technicals or news.

[moviebuff777]

The halving has traditionally been a point at which the price has started a bull run. Usually the price of Bitcoin will start to increase a couple of months prior to the halving. Since the halving will be in mid May, we could see a price increase begin in March.

[tsaroz]

There's a general understanding that price rises around halving of a coin and that has held true almost all of the time.
But as we've seen many of the price fluctuation and factors involved, it's getting us more confused and the price more unpredictable. There are many whales that wants to increase the price of bitcoin to get some profit while some might be interested in keeping the price low. And as almost all of them would be ready to dump their coin on price rise, the price trend could get more volatile.

[ChrisPop]

Hashrate increase is somehow similar to mining difficulty increase. If the Bitcoin price decreases some weak miners might pull their rigs off the grid to protect their capital from draining out while more financially resourceful entities/miners will just buy more powerful and efficient equipment so I guess you could correlate a BTC price positive appreciation with an increase in hashrate - which could indicate that miners are bullish. There are many different nuances in which you can interpret this indicator though.

[d5000]

There are several strange assumptions in the article. One of them is that "growing hashrate is a sign of adoption".

This isn't the case in my opinion. Growing hashrate is caused by price/profitability expectations. But miners don't care about "adoption". They care only about their income, and this is currently not driven by transaction fees (which are about 1/20 of the regular block reward).

Another assumption that isn't necessarily true:

More users mean more holders, and holding increases demand and therefore price.

More users mean also more sellers. In fact, "hodling" is based on the expectation of future usage. In a "mature" Bitcoin market, hodling will decrease and not increase. This could even mean the price could go down a bit, but what I would expect is relative price stability. The circulation speed would be higher, and thus also liquidity, which means that order books are always full on both sides and neither panic nor FOMO will reach the levels we've seen in the past.

Growing hashrate is also only natural because it's an indicator for technical progress. From Moore's Law you could deduct approximately, that if the Bitcoin price is stable, hashrate should grow about ~50% per year - if it's less, then miners are making losses (e.g. if the mining market overheated).

We see that in 2018 this was the case for some time: while there was a strong increase at the start of the year (driven by the still very high Bitcoin prices), later hashrate decreased again, and at the end of the year it was only slightly above the values for April.

In 2019, however, price increased, at $7000 it is currently approximately two times  the value of January ($3500). Thus, the expected hash rate increase isn't 50% but up to 200% (price * 2 + 50%). This would mean that the "expected value" for today (December 31) is 35 EH/s (January hashrate minimum) * 3 = 105 EH/s. We're currently slightly lower than that (at ~95 EH/s), so miners are almost exactly following the expectations we can deduct out of Moore's law.

So no, hashrate isn't a reliable indicator of a future bull run. It is more based on past price movements. Miners normally can't predict the price better than the market can.

[joinfree]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

[mk4]

I don’t know but we don’t have to worry, the halving is fast approaching & the price should start to slowly rise as we get towards it.

Don't get too excited. It could definitely easily go the other way around. The halving could or might be priced in already, with the buyers anticipating a price rise sometime near the halving. And guess what could happen if the price didn't rise? They might dump their coins.

As always in the end, no one knows and time will tell.

[mohdk52]

The price should rise soon.It is unlikely to fall below $7,000.So the bulls are back in business.

[Artemis3]

Time will tell how halving will affect Bitcoin. Unfortunately, this is the most unpredictable asset and one cannot say how the market will behave. Let's just wait for halving

Yes, its not like there are 10 years of data and 3 previous halvings already.

Nothing important will occur during the halving, maybe before, and certainly after. Bitcoin production is dwindling to the point it simply won't matter how little of them are produced anymore. I have said before that most bitcoins that there ever will are already in the market and this is a fact.

Don't think mining is fundamental for bitcoin's price, the more time passes the less influence it has. Some people seem to believe the cost of producing a bitcoin is somehow related, but it isn't. Value of bitcoin is determined mainly by the usefulness factor by those who decide to own it. As time passes, the actual production cost has less and less of an influence to it.

You say its unpredictable but in my opinion its fundamental price won't deviate much from the logarithmic curve in all its lifetime. The earlier the stage, the faster it rises, the later the stage the slower. But never back down, because production is limited while the number of people that find it useful can only increase until a point (ie. world's population).

[BrewMaster]

Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

lol. you are wrong on both parts
hashrate has never been an indication of adoption. of course since it is rising after the price rises you can use it for that matter but it wouldn't make any sense.
secondly hashrate has not have any growth for the past 3 months at least. it has been stable just as price is staying in a fixed range.

[squatter]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

Hash rate doesn't indicate adoption. I would say it just indicates miner sentiment, which is one subset of investor sentiment. Miners appear to be bullish; whether they are correct about that remains to be seen.

There are better metrics for adoption -- blockchain/wallet activity, fiat inflows to exchanges, or even price itself since price discovery is a reflection of supply and demand.

[blckhawk]

Hash rates doesn't really equate to adoption as what you are saying. More miners doesn't mean more users of the currency. True adoption lies on the people's interest to use the currency as a mode of payment, alternative to banking and fiat systems. There's more to price action than hash rates alone, and I think looking at a single method of TA is unreliable than combining it with other indicators and FAs, market sentiment and overall demand and future potential.

[pooya87]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

Hash rate doesn't indicate adoption. I would say it just indicates miner sentiment, which is one subset of investor sentiment. Miners appear to be bullish; whether they are correct about that remains to be seen.

There are better metrics for adoption -- blockchain/wallet activity, fiat inflows to exchanges, or even price itself since price discovery is a reflection of supply and demand.

actually hashrate does indicate adoption but not the way OP wants. it is showing the past not the future. basically it works like this:
adoption > price rise > mining becomes more profitable > more miners come > hashrate rises.
all these ">" signs show a one way relationship that go in the direction of the sign. in other words first adoption happens and then price rises and eventually it all leads to more miners and higher hashrate with a delay. so when we see a big rise in hashrate it means there has been a big adoption in the recent past.

[coin-investor]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

It really is unpredictable, people investing and those who are promoting should only remember one thing, ignorant of how the market functions will get you in big trouble and also ignorant of not knowing how and where to invest will end you up with nothing, it's your money, it's your key and it's your fortune, so be sure to read a lot and get a hold of what's happening.

[Sadlife]

We also have bakkt for institutional investors and the bitcoin dominance went back to 68% this maybe the perfect time to buy while its still in a cheap price especially when bitcoin halving is near. I also buy bitcoin from time to time even with little investment its better than nothing, but this is all just in the realm of possibilities its to early to be bullish unless we see some confirmation in TA charts.

[jostorres]

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

Well, you already said what it is – an unsure prediction. I’m really fed up with these predictions and I have stopped looking at them but just Hodling my coins till there is an increase. I have also seen a prediction yesterday on Coindesk that there might not be any increase before or after the halving. The author claimed that the next halving might end up different from the other halving we have seen in the past years.

I don’t really know if this is going to be true, everyone has their own opinion, though I’m not the type with the negative thought , I have a strong faith that there is going to be an increase anytime soon.

[mk4]

The halving has traditionally been a point at which the price has started a bull run. Usually the price of Bitcoin will start to increase a couple of months prior to the halving. Since the halving will be in mid May, we could see a price increase begin in March.

Exactly it is almost always priced in by the time the actual halvening happens, the price won't wait until the actual halvening happens.

Yea sure, but let's not forget that "past performance is no guarantee of future results". Market sentiment in the past halving are VERY different than how people currently see bitcoin. Let's also not forget that the 2017 bull run left a very bad taste in a lot of people's mouths; and a lot other factors that could potentially make us not have a price rise in the next halving.

[Tolosi]

I think that the 2020 halving will be the last relevant one. Future halvings will produce insignificant number of bitcoin in relation to existing bitcoins. I predict that price will stabilize in 15.000 to 25.000 range after the 2020 halving. The today’s hodlers will be the main source of bitcoins on the market then.

[owengtam09]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

Bitcoin is really unpredictable so no one knows when it will go rise up again and as I observe with bitcoin all news that is coming up are all fake, maybe the best thing we can do is to wait for halving and let's see what happens.

[Eugenar]

For me, the real impact of the halving will occur after the halving happens, because right from this moment even if we know the market price will significantly increase further, it is still very hard to believe and invest because there's still no assurance with the profits. But right after the halving happens, there we could start to spy on market and observe its trend. I am pretty sure when whales approaches it many people will follow as it is the real indication of a bullish gain that we could experience this 2020.

[AbuBhakar]

We also have bakkt for institutional investors and the bitcoin dominance went back to 68% this maybe the perfect time to buy while its still in a cheap price especially when bitcoin halving is near. I also buy bitcoin from time to time even with little investment its better than nothing, but this is all just in the realm of possibilities its to early to be bullish unless we see some confirmation in TA charts.

There still few months left to determine the bullishness of the prices, as we see there are many factors that may affect the price of bitcoin even halving approaches. We hope to experience bull run before halving happens so if we can buy btc as of now,better buy to ride also in the upcoming bull run.

[TheUltraElite]

The price should rise soon.It is unlikely to fall below $7,000.So the bulls are back in business.

While it is great to be optimistic about the price we also should prepare for the drop if it happens. We have options trading being put options for 6k mark now that some self-proclaimed analysts are pointing it to be the next support level. The price is being stagnant at 7k levels does not mean it would not go up. So its better to assume that either of the two can happen but whether a bullish or bearish sign, it cannot be confirmed.

May be some manipulation in this new year because everyone wants the price to increase so a false demand situation is being created. So take such news with a grain of salt.

[TitanGEL]

The price should rise soon.It is unlikely to fall below $7,000.So the bulls are back in business.

While it is great to be optimistic about the price we also should prepare for the drop if it happens. We have options trading being put options for 6k mark now that some self-proclaimed analysts are pointing it to be the next support level. The price is being stagnant at 7k levels does not mean it would not go up. So its better to assume that either of the two can happen but whether a bullish or bearish sign, it cannot be confirmed.

May be some manipulation in this new year because everyone wants the price to increase so a false demand situation is being created. So take such news with a grain of salt.

We should learn from other's mistakes, we cannot just believe in someones claims and we cannot follow it without thinking. There are analyst that are so dumb thag they keep predicting non sense things. It seems that they do not know what they are talking about, I do not believe to someones predictions about the price of bitcoin after halving because they are just guessing the price after all. There are also self proclaimed analysts and crypto enthusiasts so be careful on who we will listen.

[arimamib]

We also have bakkt for institutional investors and the bitcoin dominance went back to 68% this maybe the perfect time to buy while its still in a cheap price especially when bitcoin halving is near. I also buy bitcoin from time to time even with little investment its better than nothing, but this is all just in the realm of possibilities its to early to be bullish unless we see some confirmation in TA charts.

There still few months left to determine the bullishness of the prices, as we see there are many factors that may affect the price of bitcoin even halving approaches. We hope to experience bull run before halving happens so if we can buy btc as of now,better buy to ride also in the upcoming bull run.

the factors that influence bitcoin for bullrun are indeed many, because the more factors that are collected then it can be used as further research to analyze. if really from the research results provide good information then we can start investing, and prepare funds for the next bullrun.

[dothebeats]

Drawing lines in the sand using vague indicators which proved inconsistent over time is never a good practice. We have seen the hashrates come, the prices go extremely low yet still remain to be in tune and in sync with market movements all around--or sometimes go against the flow in fhe most unexpected turn of events. Either way, 2019 hasn't paved any straight and smooth ways for price developments to be that good. Then again, we'll see in the first few weeks of 2020 whether there's something to keep an eye on, else it's just another stagnant Q1 for all.

[pealr12]

What will you expect when you heard halving is so close to happen, just what happened last halving 2016 where bitcoin price soars , bullish throughout the year of 2017 where bitcoin got its NEW ATH,  im feeling it will happen again this 2020.

[KnightElite]

We also have bakkt for institutional investors and the bitcoin dominance went back to 68% this maybe the perfect time to buy while its still in a cheap price especially when bitcoin halving is near. I also buy bitcoin from time to time even with little investment its better than nothing, but this is all just in the realm of possibilities its to early to be bullish unless we see some confirmation in TA charts.

There still few months left to determine the bullishness of the prices, as we see there are many factors that may affect the price of bitcoin even halving approaches. We hope to experience bull run before halving happens so if we can buy btc as of now,better buy to ride also in the upcoming bull run.

the factors that influence bitcoin for bullrun are indeed many, because the more factors that are collected then it can be used as further research to analyze. if really from the research results provide good information then we can start investing, and prepare funds for the next bullrun.

Halving is just a factor, we cannot fully expect that the bull run will come after the halving. For fundamentalist, halving is good and it can boost the peice of the bitcoin but for me as technical analyst; I still waiting on what will happen to the price. If the price breakout after the halving then I will add my position because it is a good sign that there are now willing buyers.

[royalfestus]

Bitcoin rally had never been predictable by so many until now and that's why I worry on this rally speculation all over the media. I used to think Hashrate increase would backdate halving but this assumption had been downplayed recently. The rally speculation is not only on hashrate and we know it, the space is larger and we could expect a difficult time for the whale's with manipulation. It is too late to distract and silence the news of the rally, we have a lot of pointer to it and we know if delayed other coin may enjoy the negative sentiment.

[Hypnosis00]

I don’t know but we don’t have to worry, the halving is fast approaching & the price should start to slowly rise as we get towards it.

Don't get too excited. It could definitely easily go the other way around. The halving could or might be priced in already, with the buyers anticipating a price rise sometime near the halving. And guess what could happen if the price didn't rise? They might dump their coins.

As always in the end, no one knows and time will tell.

That is usually will happen. For sometimes people are so impatient, they always wanting instant which is truly difficult in crypto.
Not wondering if they'll dump easily their coins they'll always be hopeless and don't care what they've done, only the save their funds and let go.

[bitvalak]

There is no 100% prediction that will guarantee that, but patterns that occur before always show positive things when halving occurs.
I do not expect hundreds of percent bullish will occur, I just hope that bitcoin can be legally accepted for daily use transactions to make it easier for everyone. Yes, although it will take a long process to go in that direction.

[d5000]

actually hashrate does indicate adoption but not the way OP wants. it is showing the past not the future. basically it works like this:
adoption > price rise > mining becomes more profitable > more miners come > hashrate rises.

Agree, but there are different types of adoption with a different influence in price.

• Adoption of Bitcoin as a means to save money ("hodl") tends to rise the price, as it decreases the amount of BTC available on the markets.
• Adoption "as a currency" tends to stabilize the price on a high level, as it adds supply and demand (thicker order books), so it leads basically to more liquidity. We're still not seeing that in a massive way.
• Adoption as a means of speculation (people trying to buy low and sell high) is actually much more popular than HODLing. It tends to create price volatility in a cyclic manner, with sharp FOMO-fueled increases followed by panic sells. That's the reason why we see such drastic price changes.

What does that mean for hashrate? First of all, again, it is to expect that hashrate increases 50% per year if the price is stable because of Moore's Law as I explained here. HODLing would definitively increase hashrate more than that, because of the price increase, but it's actually less popular than it is thought commonly. Adoption "as a currency" would lead to a slightly over-average increase because it decreases the risk of miners and increases also transaction fees. Speculative adoption leads to increases and then stagnation or even temporary decreases, like in 2018.

[qomariah95]

Prediction is not always right and not always wrong. To be sure when approaching halving or halving has happened, certainly not immediately bitcoin suddenly increased. Because in my opinion, after halving, at least 1-2 months we will see the movement of bitcoin. Is it going to trend to increase or decrease altogether. We will see later.

[Darooghe]

I think mining hardware's performance grows exponentially every few months. that means the hashrate needed per BTC mined tends to infinity. Miners need to constantly increase the hashrate just to stay in the game, regardless of what the price does. the fact that miners keep staying competitive regardless of the price means miners are long on BTC, and expect the price to increase in the long term. also Miners only get a percentage of mined bitcoins per day, equal to the percentage of hashrate it contributes to the network per day. for a miner to increase it's profits, it needs to increase it's mining hashrate.

[TheUltraElite]

Prediction is not always right and not always wrong.

True that but they all dont understand this and tend to take it for granted.

To be sure when approaching halving or halving has happened, certainly not immediately bitcoin suddenly increased. Because in my opinion, after halving, at least 1-2 months we will see the movement of bitcoin. Is it going to trend to increase or decrease altogether. We will see later.

It may not be just 1-2 months, we may not see any price movements at all. This halving related price rise is in everyone's minds and so they will buy and stock up coins before the halving making the market rise before the halving. Then they will sell at the inflated price and make a crash. Thats what I have seen happening previously and this will repeat.

So with the halving I am expecting a drop in price which will again take time to recover.

[KnightElite]

There is no 100% prediction that will guarantee that, but patterns that occur before always show positive things when halving occurs.
I do not expect hundreds of percent bullish will occur, I just hope that bitcoin can be legally accepted for daily use transactions to make it easier for everyone. Yes, although it will take a long process to go in that direction.

The halving can be a "catalyst" if the halving happen, but we are not yet sure if the bullish trend will come. There are still a lot of correction that needed to be done in order to successfully beat the bearish trend. As long as the price of the bitcoin resist in 100 MA, we will still see a lot of lower lows and lower highs that can lead to the decrease of the price.

[sehoon]

I think we can pretty much rely on halving for the next few years since it is going to push forward. But I don't think that the price is going to grow really good this year. I would say probably in 2021 or in 2022. The prices are going on a slow push.

[cryp24x]

A prediction always remains unsure until it happens. It is likely seeing something and we will just guess what will happen next. This can be based on our personal perspective of the factors that can prove our prediction. But since everything is possible and can happen in Crypto World. I guess we need to be ready for all possibilities to be able to claim any opportunities that can happen on a glimpse of an eye.

[Savemore]

There is no 100% prediction that will guarantee that, but patterns that occur before always show positive things when halving occurs.
I do not expect hundreds of percent bullish will occur, I just hope that bitcoin can be legally accepted for daily use transactions to make it easier for everyone. Yes, although it will take a long process to go in that direction.

The halving can be a "catalyst" if the halving happen, but we are not yet sure if the bullish trend will come. There are still a lot of correction that needed to be done in order to successfully beat the bearish trend. As long as the price of the bitcoin resist in 100 MA, we will still see a lot of lower lows and lower highs that can lead to the decrease of the price.

Indeed, As long as the price resist to the long day MA then there is still no bullish sign. They say that halving can boost the price but is still pure opinion because there is still no data that is available. By focusing in the present chart can make us wise trader than predicting its price. Technical analysis can help us to have accurate forecast but not prediction.

[agentx44]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

Many are expecting for the bull run as bitcoin halving occurs but still we cannot really be certain about it. As you've said, the market is very confusing up until today and we cannot predict any sure thoughts on what may happen next tomorrow. The best thing we can do for now is to just rely on our faith with bitcoin. We need to be more optimistic and believe that bitcoin will soon get its high value back and focus on how we can make our investments work if ever things goes according to our plan or not so we can get the best results possible.

[darkangel11]

Bitcoin hashrate chart was looking very bullish in 2018 and 19 but the price kept going down so thi si not the best indicator.
https://www.blockchain.com/charts/hash-rate?timespan=all

We are at an all time high and there was a huge spike in september and october 2019 when the price was going down hard. If you base your trades on hashrate you're going to get rekt.

[EdvinZ]

The approach of halving can really act as a trigger for increasing the price of Bitcoin. In the past, this was the case. Besides, the last time it was printed many new USDT, if you know what I mean.

[jhontwis]

We are going through very important times. It's getting harder every day to earn Bitcoin. Halving opens another door too. This market is going through speculation. What is Halving? Even people who do not know this can predict that the price will rise. And the fomo begins.

[anjho.ace]

What ever it is or what ever will be the reason i really want to see the bull run any time soon.
The wallet and the holdings is really in danger and i am waiting for so long. been busy in the real world job due to the lack of financial.
I really hope the rocket will start to rise, soon!

[crossabdd]

I agree with that, the current market is indeed unpredictable. on the other hand, many predictions that bitcoin will soon be bullish after halving. and others said they would have lower prices. Hashrate or halving can't be a reference for bitcoin pumps. just hoping for market controllers to pump bitcoin, and raise prices higher.

[JeffBrad12]

Halving is just a factor, we cannot fully expect that the bull run will come after the halving. For fundamentalist, halving is good and it can boost the peice of the bitcoin but for me as technical analyst; I still waiting on what will happen to the price. If the price breakout after the halving then I will add my position because it is a good sign that there are now willing buyers.

Halving is also already planned event from the very first bitcoin was created by satoshi, why people are suddenly getting excited over something that will definintely happen in the future and it's not a groundbreaking change that could suddenly pump price like a rocket science. Jus hope for the best and expect the worst so it won't painful if it fails our expectation.

[Sahyadri]

Here halving has nothing to do with the price. Halving is scheduled for the end of the year. It won't influence the price right now. But yeah market is not ready to give up to bears and bulls are active enough to not let the price go below 7k. This is a good sign but I won't call it a bullish sign. Market can still turn in any direction. If you look Bitcoin is finding it hard to cross 7500. Unless it is successfully done, I think we are not even bullish in short term forget about long term.

[btc78]

Nothing is certain until halving take place so everything from this point is speculative and only the toughest will remain standing as this roller coaster market is giving as pain in asses .so if you think that your Holding can stand loner?then stay keeping but if not?then sell off now and wait for another dump as i think it will happen before we reach May 2020.

[piebeyb]

what we have to understand is that bitcoin cannot be predicted correctly I also hope that not many people believe in my analysis, sometimes people always speculate an increase in hash, the effect of the Middle East in Iran and America, you will find lots of news now associated with the actual price of bitcoin the effect that is obtained even though there are only a few, I guarantee that the price of bitcoin is completely out of boredom in the market, I analyze about 2020 and 2021 that the price will increase with the calculation I have, but cannot share it to everyone, bullish will come soon from what I see now not just because of an increase in hash or halving

[rodskee]

what we have to understand is that bitcoin cannot be predicted correctly I also hope that not many people believe in my analysis, sometimes people always speculate an increase in hash, the effect of the Middle East in Iran and America, you will find lots of news now associated with the actual price of bitcoin the effect that is obtained even though there are only a few, I guarantee that the price of bitcoin is completely out of boredom in the market, I analyze about 2020 and 2021 that the price will increase with the calculation I have, but cannot share it to everyone, bullish will come soon from what I see now not just because of an increase in hash or halving

lol everyone is speculating same as yours,because this year is Halving time so definitely ?bitcoin will be mooning from May to December like what we have last 2017 last Halving.

and also i will be looking for altcoins to grow,because Bullrun is not only for Bitcoin but for altcoins as well.

[Asmonist]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

[Fatunad]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

Btc is bound to reach the highest price of at least 6 digits the only thing we dont know is when. 2020 maybe a great year for cryptocurrency because as you said there's a lot of good things to look forward to including the good news and the btc halving coming up on may all of these are bringing good impact to the market price. For sure there will be another great run for btc this year.

[Polar91]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

Btc is bound to reach the highest price of at least 6 digits the only thing we dont know is when. 2020 maybe a great year for cryptocurrency because as you said there's a lot of good things to look forward to including the good news and the btc halving coming up on may all of these are bringing good impact to the market price. For sure there will be another great run for btc this year.

If that is to happen this 2020, I think people will probably be late again to see the market increase in bitcoin, allot of us focuses on short term gain, and I observe even to my friends that instead of a long term hodling, they prefer to sell the bitcoins they have just with the short and small price increase which I find not the best move from the reasons we need to take into considerations just like the bitcoin halving. I do really think that the tension to really matter for a short trade though what is more important are the long term trade that will give us the best profits.

[TheUltraElite]

Nothing is certain until halving take place so everything from this point is speculative and only the toughest will remain standing as this roller coaster market is giving as pain in asses .so if you think that your Holding can stand loner?

At this point it is all speculation. We cannot determine a bullish or bearish sign just because someone told it so and trade with that sign. It would be like throwing stones in dark. Its better to buy at this price because it is still the stagnant price at 7k USD until it goes above 8k and then wait for a new pump to 10k USD or more.

then stay keeping but if not?then sell off now and wait for another dump as i think it will happen before we reach May 2020.

You cannot be certain that a pump will happen in May 2020. Many people have been saying this month pump will happen, then that month and so on. But the last 2years has been pretty sideways. Halving is coming, but like you said yourself we cannot say right away about price pump. Moreover the news media has been full of bad news and bad investment sentiments are more common in the air.

[aomakun]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

Btc is bound to reach the highest price of at least 6 digits the only thing we dont know is when. 2020 maybe a great year for cryptocurrency because as you said there's a lot of good things to look forward to including the good news and the btc halving coming up on may all of these are bringing good impact to the market price. For sure there will be another great run for btc this year.

If that is to happen this 2020, I think people will probably be late again to see the market increase in bitcoin, allot of us focuses on short term gain, and I observe even to my friends that instead of a long term hodling, they prefer to sell the bitcoins they have just with the short and small price increase which I find not the best move from the reasons we need to take into considerations just like the bitcoin halving. I do really think that the tension to really matter for a short trade though what is more important are the long term trade that will give us the best profits.

everyone has their own way, because so far I am still looking for small profits in the short term. I do this because I don't have strong research to be sure, maybe if the research is strong then long-term investment can be an option for me, especially for this year. and I will start after seeing halving first.

[pakhitheboss]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

You will know about it in the beginning of April. Historically price of Bitcoin has always gone up before halving. I do not expect it create a new ATH but, it can easily go upto $10000 before May 2020.

[Wintersoldier]

Upon connecting the dots between the bitcoin hash rate and the bullish trend we are experiencing in some time way back before, bitcoin hash rate increase is the activity where miners are being more involved to have more mining facilities that strengthens the processing of transactions. It's effect to the people probably could be an efficient transaction which means faster and cheaper leading to a conclusion of more bitcoin adoption in some sense of convenience they could have using bitcoin.

[DabsPoorVersion]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

You will know about it in the beginning of April. Historically price of Bitcoin has always gone up before halving. I do not expect it create a new ATH but, it can easily go upto $10000 before May 2020.

Basically, history will only repeat itself. For the next following weeks/months, we will see price improvements in bitcoin. New ATH is not yet expected to come since it takes time for bitcoin to reach another ATH even after halving, but the price will increase for sure.

[microsurfer]

There are a lot of predictions but almost none of them are accurate.
Halving is the main reason for bull run in 2020 but it not guarantee this run

[btcmurat]

After Halving, we cannot say that prices will rise as a cut. There are no rational reasons for prices to rise. Bitcoin can rise without any reason. The most important issue for prices is what the big shareholders want. Those who will raise the price are the owners of big money.

[Twentyonepaylots]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

Predictions somehow provide a viable insight even for a coin as volatile as bitcoin. But as you have said, with the scammers lurking around, we can't guarantee this year just yet. What I would suggest however is to keep on investing to at least preemptively alleviate the dump when scammers like plus token pull their monies out. In that way we can still hope for a better price.

[carriebee]

After Halving, we cannot say that prices will rise as a cut. There are no rational reasons for prices to rise. Bitcoin can rise without any reason. The most important issue for prices is what the big shareholders want. Those who will raise the price are the owners of big money.

In short there are no guarantees that bitcoin price will increase once halving will happen. A lot of predictions shows about bitcoin and most of us are hoping for an increase. But as of these days, a positive market happens because the price is slowly increasing. Hope this will continue so we can experience a bullish in bitcoin price.

[dimonstration]

There are a lot of predictions but almost none of them are accurate.
Halving is the main reason for bull run in 2020 but it not guarantee this run

Some said it's due to the tension of war, but now that it seems the war stopped we can say that the increase is due to upcoming halving. All we can do now is to keep our bitcoin till halving. Wait till halving to see whether it's a good chance to sell or better keep buying till now to join in the run that may happen.

[Slow death]

If we look at the current news about the conflict involving Iran and the US, it is clear that the price has risen sharply because it is reacting to this news about that conflict. Notice what happened to the price when the US president talked about the sanctions and didn't talk about prolonging the conflict, the price dropped a lot to $7770. but wen News channel talk about Iran shot down the plane of Ukraine, the price went up again a lot ... This shows that this conflict between Iran and the US is responsible for the price increase. Of course the halving will also play its part in due course

[Triffin]

There are a lot of predictions but almost none of them are accurate.
Halving is the main reason for bull run in 2020 but it not guarantee this run

That’s true bitcoin rises higher and higher in data sometimes and sometime it takes time because no one can make perfect prediction about it. So we should just hold it and wait for right time. It can rise in months and can take decades it’s hard to predict but only increasing demand can make it as high as we want it to be keep buying and don’t panic it.

[isaac_clarke22]

We'll just cross the bridge when we get there. This year 2020 has just began and many more happenings to expect to. Its a promising year and we always hope for the best to happen. We'll just wait and see and prepare to whatever it can bring. As long as we have something to look forward to, all others are bonus.

Btc is bound to reach the highest price of at least 6 digits the only thing we dont know is when. 2020 maybe a great year for cryptocurrency because as you said there's a lot of good things to look forward to including the good news and the btc halving coming up on may all of these are bringing good impact to the market price. For sure there will be another great run for btc this year.

If that is to happen this 2020, I think people will probably be late again to see the market increase in bitcoin, allot of us focuses on short term gain, and I observe even to my friends that instead of a long term hodling, they prefer to sell the bitcoins they have just with the short and small price increase which I find not the best move from the reasons we need to take into considerations just like the bitcoin halving. I do really think that the tension to really matter for a short trade though what is more important are the long term trade that will give us the best profits.

I can't say that they really want to get their gains already, like hodling for the long-term earnings isn't applicable at this moment. Many people would be tired of waiting for another bull run to happen so we can't expect them to just sit around and wait.
As for me, I'll just continue to hodl though.

[carlzec]

I'm very hopeful for the year 2020. Bitcoin has wasted great expectations for 2 years. But we have a serious problem. If the price exceeds $ 14,000, large sales may come. How to prevent these sales. The situation is: we can see a very rapid rise. It could quickly go up to $ 20,000.

[Cacingkemi]

There are a lot of predictions but almost none of them are accurate.
Halving is the main reason for bull run in 2020 but it not guarantee this run

of course there is a lot of hope when bitcoin is reduced by half there will be an increase that occurs thereafter, and maybe this year is awaited by everyone even though many predictions are not necessarily certain but everyone's enthusiasm can support an increase that will occur because it certainly can invite new investors to can invest in it

[princesspoppy]

The market is green and it is a good sign for us. We can see that halving is approaching and the green market can be considered as the start of the bullish market coming. Let's just hope that this is another year for bitcoin as well as altcoins. Let's hope for the best for the market.

[TheGodFather]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

It is too early to say that we could have a bull run or bull market this time especially this year when halving will soon too happen, we should not jump into conclusions but yes I think little by little we would feel the halving by a slightly changes in price of bitcoin, and alts. As what we can see it is too often we feel an increase these days

[sisule]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

It is too early to say that we could have a bull run or bull market this time especially this year when halving will soon too happen, we should not jump into conclusions but yes I think little by little we would feel the halving by a slightly changes in price of bitcoin, and alts. As what we can see it is too often we feel an increase these days

Halving still more than one hundred days but early to said bullish sign with halving time, we must give chance and space for bitcoin keep continue for growing up on higher price until halving time left one week later, I optimist bitcoin could replace how they did with lat halving time to bring bitcoin back to higher price.

[BitcoinsGreat]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

It is too early to say that we could have a bull run or bull market this time especially this year when halving will soon too happen, we should not jump into conclusions but yes I think little by little we would feel the halving by a slightly changes in price of bitcoin, and alts. As what we can see it is too often we feel an increase these days

Sometimes you have to raise the risk in the life and if we invest in bitcoins now, this would be a good time to take the risk because 80% of the chances are that bitcoin will move up after and near the halving. I think bitcoin is still the best investment and i would urge everyone to invest some amount in bitcoins as soon as possible while bitcoin is cheap.

[Hamphser]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

It is too early to say that we could have a bull run or bull market this time especially this year when halving will soon too happen, we should not jump into conclusions but yes I think little by little we would feel the halving by a slightly changes in price of bitcoin, and alts. As what we can see it is too often we feel an increase these days

I still have a doubt about of the bitcoin's halving to think that this bullishness is the cause. Does anyone of you experienced a bull trap before? If so, then come to think about it because apparently there's no reason why bitcoin has to pump suddenly. And you know what will going to happen after the bull trap, right? Well, the price would just start to dump again due to the price correction.

[aomakun]

I would not count on that really but certainly the approach of bitcoin halving is definitely going to cause at least a slight rise in the price of bitcoin. The reason why most people share similar sentiments that halvings bring about an increase in the price of bitcoin is what has been happening in the history. Hopefully we can see a huge spike in the price of bitcoin as mass adoption of bitcoin and news about halving nears.

It is too early to say that we could have a bull run or bull market this time especially this year when halving will soon too happen, we should not jump into conclusions but yes I think little by little we would feel the halving by a slightly changes in price of bitcoin, and alts. As what we can see it is too often we feel an increase these days

I still have a doubt about of the bitcoin's halving to think that this bullishness is the cause. Does anyone of you experienced a bull trap before? If so, then come to think about it because apparently there's no reason why bitcoin has to pump suddenly. And you know what will going to happen after the bull trap, right? Well, the price would just start to dump again due to the price correction.

therefore we must understand the situation, when bullish comes, we should not follow it too much because sometimes our emotions will be difficult to control and be carried away by these conditions and forget the bad things that could have happened.

[Lauren Smith]

I think that the block halving is creating a lot of much needed hype. Already the price of bitcoin has started going up. I believe it will continue to rise so it is a very good idea to buy bitcoin now since the halving will probably make the price shoot up. Especially a few weeks or a couple of months after the halving. Im not sure why this excites people so much though.

[Boov]

I think that the block halving is creating a lot of much needed hype. Already the price of bitcoin has started going up. I believe it will continue to rise so it is a very good idea to buy bitcoin now since the halving will probably make the price shoot up. Especially a few weeks or a couple of months after the halving. Im not sure why this excites people so much though.

Everbody is patiently and excitingly waiting for the halving season because we are all believe that the price of the bitcoin will probably rise and when it happen, the other coin's prices will rise also. We should all strive for excellen and we also pray that this year will be for us and we will earn a lot of huge amounts this year. And for those who does not believe its okay just until it happens and be regretful because you refrain to believe.

[barabarian1]

looking at the movement of bitcoin for two weeks I am optimistic that bitcoin will be bullish this year. In the past two weeks, bitcoin has continued to increase and now has reached a price of $ 8,800. If in the following days bitcoin continues to increase, I believe that at the end of January bitcoin can reach a price of $ 9.5k. and hopefully after bitcoin is reduced by half in May bitcion can pump again and reach the price of $ 20,000 by the end of this year.

[amacar2]

20,000$ per bitcoin seems around the corner may be near the halving day but most of the push on the price right now may be coming from ongoing trade war between china-us-iran. So there is still room for price growth when halving fomo will kick in.

However upcoming bull run may be different than what we have during past halvings.

[pawanjain]

Increase in hash rate doesn't necessarily mean that the bitcoin price will soon increase.
Increase in hash rate means that more power is getting generated towards mining of transactions in the bitcoin blockchain.
This does not have a direct relation with the price of bitcoin.

[riso2015]

looking at the movement of bitcoin for two weeks I am optimistic that bitcoin will be bullish this year. In the past two weeks, bitcoin has continued to increase and now has reached a price of $ 8,800. If in the following days bitcoin continues to increase, I believe that at the end of January bitcoin can reach a price of $ 9.5k. and hopefully after bitcoin is reduced by half in May bitcion can pump again and reach the price of $ 20,000 by the end of this year.

Yes, I totally agree with your prediction, at the end of January the price of Bitcoin can reach $ 9k - $ 10k if in following days later the price of Bitcoin continues to increase. The Bullish market will come soon and the price of Altcoin will also have a positive impact.

[Debonaire217]

Increase in hash rate doesn't necessarily mean that the bitcoin price will soon increase.
Increase in hash rate means that more power is getting generated towards mining of transactions in the bitcoin blockchain.
This does not have a direct relation with the price of bitcoin.

It might not be, but there is an indirect effect it could provide the cryptocurrency or bitcoin in terms of providing more efficient, faster, and reliable transactions in which people might find beneficial to them when they utilze bitcoin. As an effect, its demand will still be a subject to increase. Thus leading to a brighter market price it could have in the market.

[philipma1957]

Well we backslid  to 8625   from 8818.

So it could be false hope.   Or maybe a few  larger miners cashed out to pay bills.

in 24-36 hours we will be at 7900 or 9050

That will tell us if we are heading for a bull run.

I mine a lot so I sold off some coin at 8700-8800

I held some for later on.

If you mine  at 2ph levels or higher you always end up selling some coins when mini runs happen.

2ph of all good gear is around 100kwatts an hour  or 72,000 watts a month at 3 cent cost that is 2160 USD

So a good farm is going to sell some coin on these upticks.

I sold about 2000 USD worth of coin  I am around 2ph.

I still hold coins. As I hope to see 9k plus prices soon

Shitty farms simply  convert 90% or more of mined coins to cash.

[gabmen]

Yes, I totally agree with your prediction, at the end of January the price of Bitcoin can reach $ 9k - $ 10k if in following days later the price of Bitcoin continues to increase. The Bullish market will come soon and the price of Altcoin will also have a positive impact.

We have entered the Bullish market, I think, since the past few days positive trends have also occurred in some Altcoins. This shows the interest of the investors or the whale will soon enter. So prepare yourself by buying some Altcoin or Bitcoin for your long term investment. I have bought several Bitcoins, I'm optimistic that the Bullish market will continue until Halving ends.

Lol. Let's see. If what happened during the last halving repeats, then it's going to be a good first half for 2020. A lot of people are expecting that and buying btc in anticipation could indeed push the price up. Though let's see since recently, the market isn't really going along with history and tradition. I'm anticipating panic if whales decide to go against the flow during february and may.

[Murat]

It's a simple case, Most of the people are expecting a positive vibe of this system, It's a long time people didn't get a good value and benefit from cryptocurrency. Since Bitcoin is the mother of this system so other cryptocurrencies will follow the footstep of Bitcoin, If the price of Bitcoin would get high then cryptocurrency world would get a good vibe for sure, it would work as oxygen for this crypto world, That's why Bitcoin halving would be a good thing from my perspective, so it's a normal thing that people are very excited for this event. I think it's not a big deal.

[Polar91]

It's a simple case, Most of the people are expecting a positive vibe of this system, It's a long time people didn't get a good value and benefit from cryptocurrency. Since Bitcoin is the mother of this system so other cryptocurrencies will follow the footstep of Bitcoin, If the price of Bitcoin would get high then cryptocurrency world would get a good vibe for sure, it would work as oxygen for this crypto world, That's why Bitcoin halving would be a good thing from my perspective, so it's a normal thing that people are very excited for this event. I think it's not a big deal.

Well, with this, it implies more on the concept and feelings of people toward the awaited bitcoin halving but in fact, it has a pure technical effect to the market why bitcoin will surely does increase. We just have a bonus effect towards the mindset of the people to boost up the market a bit, because it is one thing for sure, we, the bitcoin hodlers, investors and enthusiasts do really have 1 mindset towards halving, which is to make the price increase, as a result, we'll buy allot and this will be the reason of a good market spike for us to sell.

[julius caesar]

It's a simple case, Most of the people are expecting a positive vibe of this system, It's a long time people didn't get a good value and benefit from cryptocurrency. Since Bitcoin is the mother of this system so other cryptocurrencies will follow the footstep of Bitcoin, If the price of Bitcoin would get high then cryptocurrency world would get a good vibe for sure, it would work as oxygen for this crypto world, That's why Bitcoin halving would be a good thing from my perspective, so it's a normal thing that people are very excited for this event. I think it's not a big deal.

I think they are just trying to have some bitcoin while the price of it is not yet high for them to be able to hold it and sell it when the halving takes effect. They know that if they bought bitcoin now and hold it, they will for surely gonna gain profit into it since halving will happen and it will cause a bull run to the price of the bitcoin.

[johnwest]

The volume of the crypto market rose more than double in 24 hours span, this might be the sign of starting of a bullish season. Dash and top coins are performing really well even when BTC is on the upward trend. People are expecting an alt season from long time now and we may be seeing the start of one. If BTC brake the psychological barrier of 9k$ then we may see good alt movement.

[mahilchii]

We can predict so early as this might be the start of " bull run". A lot of coins are performing well which is great to see, I think this is a big opportunity to buy BTC and hodl for a while hopefully the next anticipated move can make a big change. Crypto is the future for sure guys there is no doubt on that make plans accordingly before worrying.

[Mumbeeptind1963]

We can predict so early as this might be the start of " bull run". A lot of coins are performing well which is great to see, I think this is a big opportunity to buy BTC and hodl for a while hopefully the next anticipated move can make a big change. Crypto is the future for sure guys there is no doubt on that make plans accordingly before worrying.

It is possible yet we cannot jump into conclusion since halving is not yet happens. We need to wait for more days before we could say that this is now a bull run, the only thing that we can do now is to hold our coin , wait for the market and wait for the bull run. Market is very uncertain and we need to wait more time before we sell it.

[malekbaba]

It is proved already that btc market does not follow any specific rule. People had quite bullish prediction regarding bakkt but nothing happened. May be bakkt effect will take place eventually. Like that halving will have positive impact but not instantly. If the demand increases and supply declines, price will grow eventually.

[Hippocrypto]

We can predict so early as this might be the start of " bull run". A lot of coins are performing well which is great to see, I think this is a big opportunity to buy BTC and hodl for a while hopefully the next anticipated move can make a big change. Crypto is the future for sure guys there is no doubt on that make plans accordingly before worrying.

I haven't checked my blockfolio two days, maybe this time would be great to see green signals on each promising coins I got. Hopefully one of this days will be great and fruitfully gaining as well

[CarnagexD]

We can predict so early as this might be the start of " bull run". A lot of coins are performing well which is great to see, I think this is a big opportunity to buy BTC and hodl for a while hopefully the next anticipated move can make a big change. Crypto is the future for sure guys there is no doubt on that make plans accordingly before worrying.

I haven't checked my blockfolio two days, maybe this time would be great to see green signals on each promising coins I got. Hopefully one of this days will be great and fruitfully gaining as well

These predictions show great possibility, but we all know better that bitcoin follows a specific pattern if anything. We can't really predict with bleeding-edge accuracy if this is already a bullish run or anything, but I would suggest we just continue with our investment since of all things that are uncertain, the halving surely guarantees that everyone of us will get a payoff after.

[BeManga]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

there will be a price correction after halving so we can expect a slight increase in minimum
expecting a big bull run is not really a good idea because the market is really unpredictable

[Duzter]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

[Dhoe]

It is proved already that btc market does not follow any specific rule. People had quite bullish prediction regarding bakkt but nothing happened. May be bakkt effect will take place eventually. Like that halving will have positive impact but not instantly. If the demand increases and supply declines, price will grow eventually.

People were referring to Halving before, in 2016. At that time the price of Bitcoin increased very high a year after Halving, in 2017. So my prediction, the rise in the price of Bitcoin will occur in 2021 or a year after Halving happened. Bullish market signs have been seen in recent days.

[Nimbulan]

But when you really think about it, plus token pyramid was the thing that made the price pup so hard this year. It literally started at 3k around the starting of becoming mainstream and when the scam was closed down it topped at around 14 thousand. I believe plus token actually started this bull cycle. So for the price itself pyramids are not that bad, even though the price growth is unhealthy at the start it provokes legit money inflow

[X-ray]

20,000$ per bitcoin seems around the corner may be near the halving day but most of the push on the price right now may be coming from ongoing trade war between china-us-iran. So there is still room for price growth when halving fomo will kick in.

However upcoming bull run may be different than what we have during past halvings.

That's really gonna be in my favour but i'm doubtful that'll happen simply due to the fact that bitcoin is already struggling to break apst 9000 and probably we'll just reach the latest ATH and then stuck there. I also doubt that the halving when happening will give significant affect to the whole market because in the past when halving occur the price is not moving because all the hype already happening before the halving so it kinda burns out when the day of halving comes.

[xiboothrezi]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

You are right. No one is really sure whether this is bullish or bearish, only limited to speculation until the market actually changes and gives influence in certain timeframes. Changes that occur are really fast, even unpredictable, rumours and issues related to cryptocurrency must be influential, either in full or in part, but it is quite influential, just look at the changes that occurred when the Chinese government gave a statement regarding the blockchain. That's why the cryptocurrency world is full of unthinkable and unpredictable things.

[Cacingkemi]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

[imutlinda]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

[Rengga Jati]

Over the past 3 years, I have seen a huge number of signs and you know what? Almost all of them turned out to be fake -snip-

A huge number of signs? Can you mention some of them, buddy?  
For me, so far only halving that I think can be the real sign of bullish. It makes sense because we can see the previous history of Bitcoin halving that could bring significant influence in Bitcoin's value. Just checked out the halving history : hackernoon.com

-snip- Bitcoin does not care about logic, it goes its own way, which is impossible to predict. -snip-

Not really. We can see the historical data of the Bitcoin price movement. And from the data, we can predict a bit about the possibility of the next prices. Even if surely there is no guarantee of it.

- 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)

[gundala]

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

Yes, it can be said that this is a cycle that continues to be repeated with a nominal that continues to increase. Based on the previous pattern, a significant increase usually occurs several months to about one year after halving. Because prediction is basically only limited to speculation, no one can really be sure whether the market trend has changed from bearish to bullish until it actually happens. So keep a close eye on market movements, don't miss a moment to take advantage of good opportunities.

[karanggatak]

bitcoin is reduced by half only happens once every 4 years and this will always be the moment eagerly awaited by most crypto investors. because if we look at the history of bitcoin it always experiences a high increase after being reduced by half. and this year bitcoin will be reduced by half. therefore from the beginning of this year bitcoin began to increase because maybe a lot of people started buying bitcoin because they were interested in bitcoin halving day.

[outatime1]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

[TIDOVEE]

Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.

By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.

Source link here

For me, I think this could be another "unsure" prediction or analysis.

Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.

I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?

I see the price flunctuation as general cryptocurrency properties, even at bull run, the price is not stagnant, it still fluntuates but at favourable range.so, the flunctuation Should not be an issue. Take note: it even promotes the trading because,how do you expect interesting profit if the price is on a spot.
Secondly, the halving majorly introduces to the coming of the bull run which automatically closes the bear, how quick the bull resumes will just be our predictions after.but it's super to have the bull 2021, and reasonable price after the halving too.

[Edraket31]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

I agree with you, that's really what happened, and for those people who have seen the advantage  has taken the advantage to accumulate at cheap price and those who becomes panic they begun to sell at low price thinking price will be more lower, and now they are beginning to buy again because they have seen the price getting higher again.

[Sadlife]

Hashrates is one factor that could indicate a price reversal but the main source to predict/speculate the upcoming movement of the crpyto market is always technical analysis. If you want to follow the price next move, you should consider technical perspective the concept of key support and key resistance. Usually once the bitcoin price broke towards key resistance then it could move to a massive upwards movement like currently what's happening to BTC, but this is just speculation its not 100% guaranteed.

[MWesterweele]

To me the drop in price after 2017 was a natural occurrence as the result of a price bubble.  It lead to a recession in the Bitcoin market.  But the low of the recession was around $3500 which is still much higher than the price in 2016 before that big bull run.  Basically what I'm saying is that the trend is still up even with the volatility.

Yes I am thinking it too, based on the current market price now, bitcoin drops a little compared to its price last few days ago,but as what other is expecting, I will wait for the halving, since I've seen that when halving takes place, the price of bitcoin goes up as well as the altcoin , so let us hope that halving will happen successfully and then bitcoin will go to its ATH again like in 2017.

[d3nz]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

I'm really expecting that the bullish trend might happen by year 2021 but we don't know what will happen after the month of halving and we could see a major drop since it is not the same as before the reward and it will be lessen more.

And i am very bullish that the price could take hike and just like last year and it drops after it pump ups.

[White Christmas]

For any reason we can't assure the bullish or bearish trend of the market. The change takes place in no time, and this is one of the major reason that crypto market is termed to be high risk market than any other market. Halving is the one that is associated with the growth, and this is why more people believe with growth by the days of halving.

of course people believe that when bitcoin is reduced by half there will be growth in price movements, this is believed because events in previous years are always like that when bitcoin is reduced by half there will be growth after that

this event had happened a number of times in the previous years, so in the belief people were formed because of the history that already existed. every bitcoin reaches halving then a bullish trend will come, and I also believe this and may start this year, and it can end in 2021 as well as the previous year.

I'm really expecting that the bullish trend might happen by year 2021 but we don't know what will happen after the month of halving and we could see a major drop since it is not the same as before the reward and it will be lessen more.

And i am very bullish that the price could take hike and just like last year and it drops after it pump ups.

Many says that after the halving the price of the coins and some tokens especially bitcoin will pump up just because of the bitcoin halving that will done after the month. This probably may be the triggered button on how the bitcoin will be bullish because as we have seen right now, bitcoin is continuously and confident that is pumping up and up si it would be better to just watch and study the market graph that has happening right now for us to be able to know what would be the bullishness of coin will be happen.

[FanEagle]

Maybe we should just relax and wait for the time to come and whatever happens we just take it that way. Everyone is just speculating and they can’t really tell what is going to happen. Let’s just be calm, I’m already tired of all these speculations and I’m also not going to let people deceive me with their wild speculations, so I am still going to invest an amount I can afford to risk despite that some people have said that this next halving is going to be like the last two. There is really no proof about that, I’m not too excited about it.

I still remember the market conditions around last halving and market took more than 7 months of time to become bullish after halving. I strongly believe this time also market may do the same thing which means we can enter into "actual" bullish trend only in the late months of 2020 or maybe in the last weeks of first quarter of 2021.

[Wipeout2097]

Every crypto Enthusiasts eye n halving and excited to see where it is going to be,There are many predictions about the price of BTC but now it become suspense what will be the price of BTC after halving.

Overall positive approach for the halving and mostly seen that the popular blogs are in favor of halving and claimed that price of BTC will rise and also will maintain for long,so lets see what happens just wait with patience and focus on goals.

[Ashong Salonga]

Nobody truly knows what will literally happen right after the upcoming event of this year 2020 which is the Bitcoin halving since we are all into a community wherein change is inevitable that in any single moment of time, price changes in an unpredictable rate depending on the volume of demands exerted by the people supporting any kind of cryptocurrency existing in the market. But many people are really expecting that the upcoming event might trigger the rise in the price value of Bitcoin together with the Altcoins that depends their prices on Bitcoin. Let us just all see what will happen as soon as the halving was done. But as of now, let us just seize the moment that the price behavior of almost all cryptocurrencies are doing good specially for Bitcoin that have started the year with a good price increase even the halving event is a couple of months away from now.

[Shasha80]

It is true that an increase in hashrate of bitcoin is not a guarantee of 100% bitcoin will occur bull run. But if we think calmly,
this hashrate increase significantly and suddenly this is very rare and I think this is indeed a bitcoin signal coming soon
bullish.Everyone is free to give their opinions respectively, but for me personally this is a sign that bitcoin will happen soon
bull run and this is possible because halving is also happening soon. So actually the signs of bitcoin will rise a lot. And
I really hope this all comes true.

[Kelvinid]

It is true that an increase in hashrate of bitcoin is not a guarantee of 100% bitcoin will occur bull run. But if we think calmly,
this hashrate increase significantly and suddenly this is very rare and I think this is indeed a bitcoin signal coming soon
bullish.Everyone is free to give their opinions respectively, but for me personally this is a sign that bitcoin will happen soon
bull run and this is possible because halving is also happening soon. So actually the signs of bitcoin will rise a lot. And
I really hope this all comes true.

It can be as hash rates depend on the market transaction. Yes, we could raise some instances that the more people will come, there will be a huge impact on the market price and lifted up as the demand increase( that was basically the result). For what this hash rate means now to the market, it could give some indications that the market will possibly be moving forward and that was seemingly we want to see as halving may launch this year.

But of course, we don't have to expect too much and not to think that we can be in bullish early this year coz in the previous halving, most prices will hugely pump after the said event and that was (probably) in the 3rd and 4th quarter.