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

[7788bitcoin]

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.

If the theory depends upon the price of bitcoin depends upon helping the miners then it would be true but that is not the way the investors would treat the market and hence the theory is flawed. The investors depend upon how they view the bitcoin market and not about how much investment the miners did and hence correlating them with the amount of money a miner spends does not occur. If the bitcoin investors think that there is value in investing in bitcoin the price would move higher and not the other way around .

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[ralle14]

That's so not possible @OP. Just because bitcoin halving is around the corner does not mean we are going to see such a huge rise in bitcoin price. I am thinking another all time high of bitcoin probably between the ranges of $25k-$30 by the end of this year.
Remember some miners would sell cheap because they might need the money urgently for bills and upkeep.

I feel like we may not even hit the previous all time high this year since the price don't react that fast after the halving. We'll be lucky to hit something that high but at the same time experiencing an increase that big in one year would mean another correction.

Those miners selling cheap might not be the problem imo because who knows there could be several investors also waiting for a certain price mark that'll stop the run.

[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.

[rajsimran]

I am totally disagree with your statement. If it works in this why then why bitcoin prices fall to less than 4k$ last year? Many people will tell that that was correction but I don’t think so that only for correction it went 20k$ to 4k$.but Yes in this year bitcoin price can be sky rocket.but don't think this is the main logic.

[samcrypto]

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.

[doctor877]

How will this even happen. ? Alot of people are spreading hopes of imagination in Bitcoin price. This analysis doesn't explain the logic of price increase . If so, Bitcoin price should be around 30,000$ by now at least.

[FanatMonet]

The price increase should be, but certainly not 2 times and definitely not 9. I would suggest a 30-40% increase before July. But it’s definitely not worth talking about which X, because if you look at the past halving, then bitcoin has also grown, but that was not much.

[bitmover]

Prices are driven  by supply and demand.

However,  it is not that linear.

If you cut supply by half, and the demand stays the same, the price should increase.  But we can't say now if 2x, or 20x or whatever.

And bitcoin demand is mostly speculative. Price will probably react slowly about this halving, with higher volatility than normal, but real changes in price will come with bigger adoption.

[plvbob0070]

How will this even happen. ? Alot of people are spreading hopes of imagination in Bitcoin price. This analysis doesn't explain the logic of price increase . If so, Bitcoin price should be around 30,000$ by now at least.

It's hard to believe that bitcoin will reach 90,000$ and actually, it will depend on the people if they going to believe or not. But, they should not expect that it will happen because the chances is too low and we don't even know what will gonna happen to the halving and the result still unpredictable. It's normal to see how people have too much expectation especially on the price of bitcoin and even we do a different analysis still in the end we don't know what will gonna happen. But, whatever will be the result we should still keep on believing in bitcoin because what if in the near future it will reach that price.

[BitcoinHunt3r]

For now, $90000 with any reason or with read that article, i wouldn't think that far. Because that price although for 1 bitcoin, i never imagine if i have that amount of money. Maybe if can reach ATH like in past, already more than enough for me, or at least who bought at peak, can cover their loss back.

[Latviand]

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.

It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.

I do view the price increase after halving related to scarcity. I am not sure tho, but since only 3million Bitcoin will be mined by the miners, the price could go up, like a typical supply and demand scenario in the market. Feel free to correct me because it is not that clear to me how halving could affect the market price of Bitcoin, given how high the expectations of the majority is.

For now, $90000 with any reason or with read that article, i wouldn't think that far. Because that price although for 1 bitcoin, i never imagine if i have that amount of money. Maybe if can reach ATH like in past, already more than enough for me, or at least who bought at peak, can cover their loss back.

Many people are now making absurd expectations. They are assuming high market price increase after the halving which is far from the reality and its all time high market value. This might drive them to jump into conclusions and once their expectations are not met, disappointment would follow. People should learn how to make assumptions inclined with the present market scenario.

[sisule]

Always check track record of bitcoin when halving time could raise up more than 1000% or not, I think is very higher price with your prediction bitcoin will going on above $90,000 when halving time is coming, just hit above $20k is look hard for bitcoin how come to reach more higher price.

[coinfinger]

Always check track record of bitcoin when halving time could raise up more than 1000% or not, I think is very higher price with your prediction bitcoin will going on above $90,000 when halving time is coming, just hit above $20k is look hard for bitcoin how come to reach more higher price.

Past record may happen or may not happen which has equal chances and when past is not repeating why not we may have some rapid jump around this halving.

There are plenty of chances for new things to happen around this halving. Because, the number of bitcoin adopter definitely in huge fold compared to what we had in last two halving. The number of whales also might got differed from past occasions. The number of whales might have increased but at the same time the power of whales definitely might have got diminished due to more adopters and more demand for bitcoins. So, when considering the circulating supply of bitcoins in exchanges, I am too expecting bitcoins to test $100k levels before end of this year.

[Bightening]

The basic market price determinants are demand and supply. Scarcity doesn’t directly affect the market value, it affects the supply which reflects in the market price. Demand also has a role, and except there’s a reciprocal increase in demand, bitcoin halving wouldn’t boost the bitcoin price.

[imstillthebest]

The basic market price determinants are demand and supply. Scarcity doesn’t directly affect the market value, it affects the supply which reflects in the market price. Demand also has a role, and except there’s a reciprocal increase in demand, bitcoin halving wouldn’t boost the bitcoin price.

btc halving is only an event but events like this affects the decision of people to buy or sell  therfor id say that they still have an impact on the price  . 90k usd is a good price and who wouldnt want that  ? but lets also consider the state of btc right now  . btc just stoppped growing  . and becomes unstable again  . this is not good and it could be a sign of something  .  maybe whales are on the move again to dump the price , you know whales loves to disrupt the price sometimes  .

[thisnewcoin]

I don't know where you got this hype or prediction. I would suggest you to stop dreaming about Bitcoin at 90K USD, come to reality and see the gap between 10K to 90K USD! Halving won't make bitcoin that skyrocket, Halving make things positive in crypto that's it! For the halving, we can expect 20-25K USD, not 90K, sorry!

[Baoo]

Sometimes we should be logical a little bit OP, In my opinion, it is completely impossible that Bitcoin's price will reach to $ 90K after the halving  especially during this year and even the next one, it is pretty sure  this event will positively affect on the whole market not just Bitcoin, and probably the price will rise to $ 15k after July, but it is too difficult to predict the accurate price of BTC and we don't know what's going to happen in the future, so everything is possible in this era.

[Kelvinid]

The market isn't playing in hypes to look by and even this halving event will happen it won't be enough to drive the market going high and skyrocketed into $90,000. It can be possible if we are already at $80,000 but we are still at $9,000 (plus), and it is really far from then.

Even optimistic people could never think like this without any logical derivatives that could trigger the market to come out like this. Though we are living in this volatile market, but I couldn't see anything that could bring that high. We can expect bullishly market but that $90k is really far from possibility.

[bhabygrim]

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.

[Japinat]

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.