Halving Bitcoin price skyrocketed to $ 90,000. why not?

[TheAndy500]

Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.

[ScamViruS]

I believe Bitcoin will reach $90k. But there is no exact information on how long it will take. The last bitcoin halving gave birth to the bull market of bitcoin. I think the same situation will happen this time. Because the Bitcoin mining reward will decrease. So the profit of miners will be greatly reduced. If miners are not profitable then everyone will give up bitcoin mining. So it seems to me that if the price of bitcoin increases, miners will be able to make profit here. Although the block reward will be reduced by half.

[Bagaji]

Op, from your explanation so far about the coming halving event on how it will affect the market value of Bitcoin which I don't believe it works the way you explain above despite the fact that we all believe that Bitcoin price may skyrocket during the period.

He’s so sure about this one then so be it. We all have beliefs on the up coming halving and since we are tired for the bear market we tend to believe on a good things. Bitcoin can be good after the halving, it can create a better result and hopefully during that period people wont take profit early so the good prices can be reach.

Are you a Bitcoin long time holder? Am asking this because those are holding Bitcoin or trading crypto currency are the one expecting an increase in the market value of Bitcoin so that it will affect the investment positively.

[Republikcoin.com]

It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.

Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year.

even the increase in 2017 did not reach 10x the initial price. however, an increase of $ 90k from current prices is not easy, in fact, it seems impossible. however, I think that is an amazing thing when the price of bitcoin can reach $ 20k this year.

[maydna]

It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.

Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year.

even the increase in 2017 did not reach 10x the initial price. however, an increase of $ 90k from current prices is not easy, in fact, it seems impossible. however, I think that is an amazing thing when the price of bitcoin can reach $ 20k this year.

Yes, that will need a big demand for buying and selling that will happen in the market, and I guess that the price will move so fast because we will go to see the pump and dump happens at that time. So you can prepare from now on, and you can buy more bitcoin at a low price, and then you can hold it for a while. But if you want to sell bitcoin at $90k, you need to have patience because we don't know when the price will reach that price, so I don't think that we can see the price will increase in a short time.

[criza]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

For operators who use high-speed computers to mine BTC, halving will cost them double the cost.

The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.

Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.

What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient

See also: Bitcoin virtual currency exchange

In the meantime, as the price of Bitcoin struggles to achieve or retain its highest value this year at $11,500, this would be a great chance for investors to buy and restock Bitcoin in their wallet before its price pump high and it is too late for them. The halving would surely affect the standing of Bitcoin greatly and predictions like this are not far from impossible. In addition, we could see the gradual increase in the movement of Bitcoin that migt possibly indicating that it is gaining momentum overtime.

For me, Bitcoin would surely achieve an all time high this year as the demand for the coin will increase during and after the halving event.

[pooya87]

It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.

Exactly, that is x10 within this year.. I am not saying it won't happen because the last bull run, bitcoin rises 20 times from its low, but I have doubt that this year it would follow the same trend, I think we might not see the same success as what happen in 2017 but it's possible we will see a new ATH in this year.

even the increase in 2017 did not reach 10x the initial price. however, an increase of $ 90k from current prices is not easy, in fact, it seems impossible. however, I think that is an amazing thing when the price of bitcoin can reach $ 20k this year.

you need to check your math again since price went up way more than 10x in 2017!
the average price in January 2017 was around $800 and the highest price at the end of the year (aka ATH) was $19666 on bitstamp. that means the price went up approximately 24x ($19666/$800) in 2017.

my favorite price to look at is the lowest price where the rise began. considering the ATH before the last was in 2013 and it was $1200 then that bubble popped and price fell down to $150 we can use that as our starting point. which means the rise was 131x in 3 years (from 2015 to end of 2017).
considering the same values, the bottom of the last bubble pop was $3200 and 131x rise means reaching $419,200.
now you see how minuscule $90k looks like!

[Reid]

First time I have read this.
I didn't know that there are other calculations that are being made just to continue the mining industry.
I don't think so.
If they stop, then new ones will come. The difficulty level will also decline which means it will be easier for new miners.
Plus, I don't really think they would just give it up considering how much money they had already spent for all the hardware.

Also, the market doesn't work that way. It will not be ordered by someone or manipulated by anyone just like that.
It will depend on demand.

[Wilhelm]

Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.

The whole idea is that mining SHOULD become expensive. This is exactly where bitcoins value is generated.
Miners will hold on to coins until they have profit. But yes some miners will stop because they can't invest in better gear.

If they would dump it on the market it will temporarily dump the price but due to scarcity it will eventually go up WAY WAY higher.

Only if there is NO market for bitcoin will it plummet to death... Bitcoin (and crypto) is still thriving....


My estimate is $50k - $70k.

Maybe a shortlived peak to heights like $120k before going over the edge into full blown bear market again.

[Wilhelm]

Mining is mostly based on
 - The price of electricity
 - Power efficiency of the rig

Mining will remain and push boundaries for new "free" energy sources like nuclear, solar, wind, geothermal, etc....

Therefore I believe mining will soon become a serious business. Mining rigs will soon come with their own power plants and become million dollar ventures.

[TIDOVEE]

Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.

[Wilhelm]

Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.

True it won't happen this year.

My $50k - $70k prediction is for august next year.

The ATH has traditionally been 1/3rd in a period measured from the halving.
A period is about 4 years so in about 14-18 months from the halving, the ATH will be expected.

[Questat]

Well! That's simply a prediction. But $90,000 is too infeasible especially for this year, let's be factual. We know that mining may not require more the $5000 and with halving let target $10-$12,000 still In my own prediction, one way to avoid disappointment is to know the feasibility of your expectations and not expect more than what you can receive, this is what has become a great error of many traders, though I wouldn't expect this from a full time trader. But for those who predict like this and trade for people, they end up breaking their heart.

True it won't happen this year.

My $50k - $70k prediction is for august next year.

The ATH has traditionally been 1/3rd in a period measured from the halving.
A period is about 4 years so in about 14-18 months from the halving, the ATH will be expected.

I will not say it won't happen this year but I will say I will not expect it, I am bullish with bitcoin this year and I am seeing we are bound for a new ATH but it should be below $50,000 so it will be sustainable by next year. $90,000 is quite a big target but it's not impossible to achieve as well.

[Dr.Osh]

It doesn't look's like it could really skyrocket to $90K.
We are still at $9K right now and I think $90K is to hard for it to reach even before this year ends even with the FOMO that would be created by the halving.

high confidence in the development of prices that occur makes people think not realistically. however, I feel that the price of bitcoin will most likely only approach the price of $ 20,000 this year. but, in 2021, the price of bitcoin could be even higher, it might reach a new ATH, but I don't feel that the price could reach $ 90000.

[okala]

I have hard so many good news about this time halving and hope it will come out as many of you has predicted and speculated? I have decided to hold on sell since ending of last year with the hope of selling high when bitcoin started appreciating because of the halving.

[TheGreatPython]

Simple reason; not enough money into bitcoin. People think that x9 increase at 1000 to 9000 is literally the same as x9 increase from $10k to $90k. It is not even remotely close. In order to increase the price all that much you need BILLIONS of dollars more than you needed when you went from $1k to $9k.

It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.

[TheAndy500]

Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.

The whole idea is that mining SHOULD become expensive. This is exactly where bitcoins value is generated.
Miners will hold on to coins until they have profit. But yes some miners will stop because they can't invest in better gear.

If they would dump it on the market it will temporarily dump the price but due to scarcity it will eventually go up WAY WAY higher.

Only if there is NO market for bitcoin will it plummet to death... Bitcoin (and crypto) is still thriving....


My estimate is $50k - $70k.

Maybe a shortlived peak to heights like $120k before going over the edge into full blown bear market again.

This is one of the scenarios. I am not saying that it is impossible. I'm just saying it's possible that miners will sell accumulated Bitcoins and the increases don't have to be as big as they used to be. At the moment, the price is close to $10k, so ATH should be achieved with ease. However, I think the possibility of bull run x10 is 50/50

[dunfida]

Simple reason; not enough money into bitcoin. People think that x9 increase at 1000 to 9000 is literally the same as x9 increase from $10k to $90k. It is not even remotely close. In order to increase the price all that much you need BILLIONS of dollars more than you needed when you went from $1k to $9k.

It means we need billions of dollars go into bitcoin market and I do not see that happening anytime soon. Where are we going to find 20+ billion dollars extra to increase the price in a "skyrocketing" fashion? Maybe overtime we will get millions of dollars constantly which would increase the price a bit and keep increasing it until it reaches 90k eventually sometime in the future, but that amount of money that quickly after the halving is not going to happen.

People do really sucks bigtime on making calculations without even trying to recognize on how much money would be needed for us to reach up that state or pump.

It do needs billions before reaching those numbers and people should at least try to look wayback on how long we've been staying on low levels before reaching out 10k price.
How much more on 90k? People should be at least be realistic on some sort.

[7788bitcoin]

Unfortunately, but it can be quite the opposite, because miners may state that mining costs are too high. This means that their earnings are too low to pay for upgrading mining rigs. This may result in the capitulation of mining farms and the mass sale of mined coins, which instead of increasing the price, may cause its decline and a total disaster on the market. Of course, this is the worst possible scenario, but it is still possible.

That is a real possibility if the miners are not able to get the benefit then they will be selling off the hardware if they are any buyers, if the hardcore mining farms are not able to earn a profit then who will be purchasing those junk hardware is the biggest question  . But that can be a hypothetical situation but that still does not force them to sell of their coins all at once as they too can hedge for the future.  As for the crazy rally prediction, i am not buying those as it is not a  realistic price considering the scaling shortcomings we have.

[Dr.Osh]

I have hard so many good news about this time halving and hope it will come out as many of you has predicted and speculated? I have decided to hold on sell since ending of last year with the hope of selling high when bitcoin started appreciating because of the halving.

yes, you should hold your current assets, and use it as wisely as possible. however, the effect of halving was already seen when last January. however, the development of bitcoin prices since then has been nearly $ 2000. It seems to be even higher after halving.