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Author Topic: Bitcoin Halving 2020 prediction!  (Read 510 times)
star7dust (OP)
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February 20, 2020, 12:09:54 PM
 #1

https://criptointercambio.com/blog/en/markets/bitcoin-halving-2020-prediction/
What is the scenario that you think is more likely to come true? Do you guys believe BTC will fly to the moon? Personally I don't discard this possibility! Wink
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February 20, 2020, 12:16:31 PM
Merited by LFC_Bitcoin (1)
 #2

*sigh*

https://bitcointalk.org/index.php?topic=5215571.0
https://bitcointalk.org/index.php?topic=5200247.0
https://bitcointalk.org/index.php?topic=5134686.0
https://bitcointalk.org/index.php?topic=5134686.0
https://bitcointalk.org/index.php?topic=5224803.0

Also, move this to the Speculation section: https://bitcointalk.org/index.php?board=57.0

The move button is on the bottom left corner of this page.


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$crypto$
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February 21, 2020, 04:22:31 AM
 #3

There have been many predictions about bitcoin that will be approaching halving in May, but there is a lot of positive speculation about the positive. We know that a few weeks ago the market was pumped up until many of the top altcoins returned to their original prices, now we are currently being corrected or stopped shortly after yesterday the market is red again but now it has also recovered but bitcoin cannot touch $ 10k yet.
One time bitcoin will definitely fly to the moon again.

R


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February 21, 2020, 06:06:54 AM
 #4

As we all know that Bitcoin Block Halving will make reduce the rewards for every miner.
As you can see on this chart, previous bitcoin block halvings also were seen here.
What on my speculation is for every block halving we are achieving new all-time-high. So it's kinda expected to see another all-time-high after the block halving, not before the upcoming block halving.

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February 21, 2020, 07:20:05 AM
 #5

Most of the TA's are giving a positive prediction about the halving.
So I guess most of us are also thinking of the samething halving would definitely get the BTC price to the moon again.
I think we don't need some speculation about the halving price increase it should be a speculation about how much would it be before and after the halving.

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February 21, 2020, 07:46:15 AM
 #6

now we are currently being corrected or stopped shortly after yesterday the market is red again but now it has also recovered but bitcoin cannot touch $ 10k yet.
This is inevitable plus the correction might probably due to the down of Binance Exchange last night. Volume has been decreased as one of the top exchange creating liquidity and volume is down, of course it will really affect on the downfall. 10k will be reach again soon, as gaps has been filled on 9.7k level already. Waiting for some new waves.

So it's kinda expected to see another all-time-high after the block halving, not before the upcoming block halving.


Hope your prediction would be true. Yet as breaking the all time high of 20k is a tough one IMO. Also I dont recall that the pump was due to the halving too but someone pump it and make the bitcoin bubble effect on the whole market.
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February 21, 2020, 08:03:01 AM
 #7

I think we had enough threads for the halving. As pointed by mk4, we should stick to the old ones and continue discussing there and when the halving's totally near, there will be more of it so discussions will be spread through several threads if we keep doing this.

Just saying.

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February 21, 2020, 08:27:52 AM
Last edit: February 21, 2020, 09:18:47 AM by plvbob0070
 #8

Most of the TA's are giving a positive prediction about the halving.
So I guess most of us are also thinking of the samething halving would definitely get the BTC price to the moon again.
I think we don't need some speculation about the halving price increase it should be a speculation about how much would it be before and after the halving.
Same with the others, most of the predictions that I have seen so far are on pumping side and they totally waiting for this moment. Even we create different speculations about the price of bitcoin still the result can change and the outcome of halving is still unknown, it's either go upward or downward. I'm also on the pumping side of bitcoin, but I don't expect too much about the price and I guess I will keep on holding my bitcoin until it reaches again it's ATH. Speaking of to the moon again, I guess we can definitely experience the bull run but it will take a months or years after the halving.
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February 21, 2020, 12:33:09 PM
 #9

We have been seeing many predictions since the last year! This will not gonna end until the having comes, but to be honest I already stopped following these predictions and keep saying myself that don't get overhyped, do whatever you were doing all these times. I believe Bitcoin price will increase because of Halving impact, but that won't be a skyrocket type in this year, halving can effect on price in 2021!

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February 21, 2020, 12:41:46 PM
 #10

There is a great possibility that this could really happen.
In the past halving the price of BTC always goes up.
This isn't something new but I think we would also see a great price correction after the halving.

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February 21, 2020, 02:04:32 PM
 #11

Personally I don't discard this possibility! Wink

I guess everyone has the same outlook as yours, we wanted to see the price goes to the moon again, if we ever see an eventually bull-run right after the halving.

But you have to remember that we won't see a big jump overnight, as it make take some time to fully see the price going into another all-time-high. And getting into a new all-time-high might take some time though, as compare to the last bull run. So what we need to do? Patience, and be control of our emotions as we might go to a series of retracement every time before we can finally achieve the peak price of bitcoin.
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February 21, 2020, 02:42:25 PM
 #12

From the chart that Great Arkansas showed, I think the biggest issue I see there is the 10 million that was printed way before anyone actually joined. Most people joined during the 2017 peak and one of the main reasons why bitcoin mining didn't see the attention GPU mining did all because basically over 70% of all coins were mined anyway and people didn't feel the need to be part of something that looks like going lower and lower instead of profiting them.

If it started out with 4 million went down to 2 million then to 1 million and now to 500k and continued like that in order to make it a longer stretch that would actually make bitcoin a lot more profitable, we would have 7.5 million bitcoin mined only right now instead of over 18 million or whatever it is right now.

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February 21, 2020, 02:52:52 PM
 #13

As halving approaches I guess we'll have a flood of different predictions and possible disinformations too.
To be honest I don't want to know much about predictions, that only makes confusion.and very often leads users to make wrong or too risky decisions.
I don't expect much from halving. There is a possibility to have some positive effect on price, however I don't expect some huge and long term growth.

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February 21, 2020, 02:58:33 PM
 #14

https://criptointercambio.com/blog/en/markets/bitcoin-halving-2020-prediction/
What is the scenario that you think is more likely to come true? Do you guys believe BTC will fly to the moon? Personally I don't discard this possibility! Wink
I have seen hundreds of predictions about Bitcoin price this year, and I am sick of seeing it again. The price of bitcoin will certainly increase this year but we cannot know its exact price. So stop anticipating it, just invest and wait. Surely we will succeed and profit

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February 21, 2020, 04:17:46 PM
 #15

https://criptointercambio.com/blog/en/markets/bitcoin-halving-2020-prediction/
What is the scenario that you think is more likely to come true? Do you guys believe BTC will fly to the moon? Personally I don't discard this possibility! Wink
I have seen hundreds of predictions about Bitcoin price this year, and I am sick of seeing it again. The price of bitcoin will certainly increase this year but we cannot know its exact price. So stop anticipating it, just invest and wait. Surely we will succeed and profit
^ Just because we are free to make our own prediction, simply flatten the chart of Bitcoin price and draw what is your mind will gonna happen on the said date when Bitcoin reward halving comes. I have seen many threads talking about Bitcoin halving and different TA about this, but for sure I never doubt that Bitcoin will hit to $20k before the 3rd quarter of this year. Nevertheless, it a good decision if we will wait what will happen next and always be ready, let us just wait time will reveal the truth.
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February 21, 2020, 06:47:58 PM
 #16

Wonder know how many read this post...
Posting in duplicated^n topic over and over is silly especially if someone has mentioned this just after OP.

Also, move this to the Speculation section: https://bitcointalk.org/index.php?board=57.0

The move button is on the bottom left corner of this page.


Can i suggest to move it to the archival instead..

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February 21, 2020, 09:03:42 PM
 #17

Right now the price is pretty decent we are still in the $9,704.86 USD the price did reach the height of $10,000 USD but as the price progress I am very sure that it will not continue in increasing because of the Halving will fall on the month of May but I am expecting a great hype over the month of April by the time the Halving is near its course, I think the price is just readying itself to be launch on a significant new all-time high and the month of April will be very optimistic in my opinion.
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February 21, 2020, 10:23:16 PM
 #18

I have confidence that bitcoin will return to the moon and have the latest ATH, but maybe this takes process and time, maybe after halving, it could be achieved with a long or short time. But seeing the market now the response is still positive with the increase in bitcoin and altcoin, this might be a sign if going to the moon.

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February 22, 2020, 04:31:48 AM
 #19

https://criptointercambio.com/blog/en/markets/bitcoin-halving-2020-prediction/
What is the scenario that you think is more likely to come true? Do you guys believe BTC will fly to the moon? Personally I don't discard this possibility! Wink

There's so much prediction and speculation, now that we are heading to the halving, it's ok to do predictions everyone can do that some predictions are over the moon, some moderate but the bottom line is we only get to know who got the right one a few months after the halving, I know the price will increase that's for sure.

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February 22, 2020, 05:23:46 AM
 #20

What I think will happen is very similar to what happened during the LTC halving we had earlier.

I think we will keep rallying up until the halving, no idea what price though. But we might hit the high of June 2019, and right after the halving we will get a sell-off. And we won't hit a new ATH until 2021 or so.

Why? Because there are too many people who are way too bullish on this bitcoin halving. Everybody expects BTC to go up due to the halving and most likely the complete opposite will happen as usual.

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February 22, 2020, 06:47:01 AM
 #21

I have confidence that bitcoin will return to the moon and have the latest ATH, but maybe this takes process and time, maybe after halving, it could be achieved with a long or short time. But seeing the market now the response is still positive with the increase in bitcoin and altcoin, this might be a sign if going to the moon.

Many people are confidence too to see bitcoin will have a chance to go to the moon, but yes, we cannot expecting when that will happens. We can hope to see a bitcoin price increase in this year or the next year, and I guess that bitcoin still searching a good time start increase to the higher price. Maybe we will see something different than the last ATH in 2017-2018 because the situations will not be the same as before. We can expect to make a big profit again from the next bull run.

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February 22, 2020, 07:12:02 AM
 #22

I'm bullish with it, together with a LOT of others. Probably influenced by the results of the halving last year, most of us in the crypto scene expect a bigger bubble than what happened last time. Bitcoin peaked at around $17k, $18k, which honestly brought a lot of investors and traders into the scene, all because of that one moment where it peaked at that price. Now that the same scenario is upon us, most would naturally be avid about it and vote for the scenario they want to happen.

Still, because of all of these events, I doubt BTC could push through anything higher than $50k. I'd expect a lot of traders to make the market crash once it actually reaches $25k or higher tbh. There is a rule in trading after all, don't be too greedy. Once they think that the market has had enough and they can exit while making quite a profit, they'd exit it. And once people see the price start going down because of all the people exiting, then they would naturally follow right?

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February 22, 2020, 01:57:13 PM
 #23

There have been many predictions about bitcoin that will be approaching halving in May, but there is a lot of positive speculation about the positive. We know that a few weeks ago the market was pumped up until many of the top altcoins returned to their original prices, now we are currently being corrected or stopped shortly after yesterday the market is red again but now it has also recovered but bitcoin cannot touch $ 10k yet.
One time bitcoin will definitely fly to the moon again.
People are just pushing their expectations out to positivity because they do not have a choice. Just remember what happened before when bull run occured and when the market value reached its all time high. Many people drew conclusions that the market price will be more than what it reached, that time. I could relate the same thing at this moment wherein people are expecting for a "huge" one due to the anticipated halving in which they believe will boost the market price of Bitcoin to another level. But inspite of huge expectations, we should align those speculations with the reality in order to not suffer from regrets if ever the plans turn to the opposite.
Most of the TA's are giving a positive prediction about the halving.
So I guess most of us are also thinking of the samething halving would definitely get the BTC price to the moon again.
I think we don't need some speculation about the halving price increase it should be a speculation about how much would it be before and after the halving.
I would say we should still be ready for the drawbacks. Not because the price on the previous halving increased, same thing could happen on the next halving. Things could turn the other way. Investing would be a good idea but to expect that much is not.
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February 22, 2020, 02:07:59 PM
 #24

There are so many predictions, theories and beliefs now about the up coming halving, and yet all of them can’t assured the future of bitcoin after the halving. Many says a positive outcome after the halving but still the chance of getter dump after that is still there. We should not be complacent and we should remain on target, I mean we have to focus on the goals.

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February 22, 2020, 05:28:51 PM
 #25

https://criptointercambio.com/blog/en/markets/bitcoin-halving-2020-prediction/
What is the scenario that you think is more likely to come true? Do you guys believe BTC will fly to the moon? Personally I don't discard this possibility! Wink

I don't see Bitcoin changing direction I don't see a different scenario after the halving, history will still follow past Bitcoin achievements and we will all see a new price, all predictions are now shifted to how high can Bitcoin reach and not going down anymore, so stop this unbelieving attitude.

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February 22, 2020, 06:52:29 PM
 #26

Yes most of us have similar expectations from bitcoin as BTC halving will be a game-changer if everything goes as per prediction then we might see some new players entering the crypto market hence there will be furthermore manipulation in the price of bitcoin. I think we cannot predict much apart from following the market trend closely and taking right decisions.

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February 23, 2020, 10:26:17 AM
 #27

I have been thinking that Bitcoin halving will change the crypto market scenario in this year! I thought Bitcoin price will be 20K USD plus after the halving! But when I researched all the previous halving, I realized it took 6 months to 1 year to impact in price. So, I think we will see a bull run in 2021, not this year anymore. It seems after the halving, Bitcoin price will go lower this year! All of this is my observation, I can't ensure though!

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February 24, 2020, 01:28:09 AM
 #28

 The chance for its price to pump massively is high, considering the halving event that would support the notion. As we know the basics of the law of Supply and Demand, it is a fact that the supply of Bitcoin would be reduced highly and its impact in the standing of Bitcoin is forseeable. As the supply decreases the higher the demand it would get so, every ideas and insights that tell you to stock or store Bitcoin is good, before it is too late.

The past weeks for Bitcoin have been rough and we observed its price to hit lower than the $10,000, we shouldn't lose hope because, from my own observation it is gaining momentum in its price in the present.

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February 24, 2020, 01:15:23 PM
 #29

The past weeks for Bitcoin have been rough and we observed its price to hit lower than the $10,000, we shouldn't lose hope because, from my own observation it is gaining momentum in its price in the present.
Indeed,  it dump a bit but we know correction happens, so we have to understand that, but look at bitcoin now, it's so stable and it's holding strong near to $10,000 so it would not be hard for it to rise back to $10,000 again, of course once that happen, people will start to think it could possibly make a new high this year again since our high was just around $10,400, if btc could pump 30% in just one day, nothing is impossible with the upcoming halving that is potential to generate hype.

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February 25, 2020, 02:13:53 PM
 #30

Hello guys,
I think the halving is really a major thing that's about to happen this year, so why not discuss it over and over? I like to think about it and I'm sure a lot of bitcoiners do
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February 25, 2020, 04:57:21 PM
 #31

Hello guys,
I think the halving is really a major thing that's about to happen this year, so why not discuss it over and over? I like to think about it and I'm sure a lot of bitcoiners do


Why are many people discussing halving then I think they want high bitcoin prices because of the full expectations on halving they want to because it has been holding for a long time so discussions about halving continue to occur but I think this is not a problem because indeed if it has increased then this is a positive thing, but not the topic path.

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February 25, 2020, 05:10:46 PM
 #32

Personally, I speculate the price of bitcoin will be high this year, maybe after May. however, there has been a previous halving that has become a role model of how much bitcoin prices can be achieved, it's just that I am still quite difficult to believe that the price of bitcoin can reach its new ATH. however, I speculate that the price of bitcoin could be in the range of $ 15,000 - $ 19,000 by the end of this year.
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February 26, 2020, 07:07:39 PM
 #33

Hello guys,
I think the halving is really a major thing that's about to happen this year, so why not discuss it over and over? I like to think about it and I'm sure a lot of bitcoiners do


Why are many people discussing halving then I think they want high bitcoin prices because of the full expectations on halving they want to because it has been holding for a long time so discussions about halving continue to occur but I think this is not a problem because indeed if it has increased then this is a positive thing, but not the topic path.
I think that you need to look at the indicators of the cryptocurrency market in 2013 and 2016, when Bitcoin halved again.  Due to the fact that this process has led to a rise in price of Bitcoin, many cryptocurrency users believe that in 2020 the situation with Bitcoin pricing will be repeated.

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February 26, 2020, 09:20:58 PM
 #34

Personally, I speculate the price of bitcoin will be high this year, maybe after May. however, there has been a previous halving that has become a role model of how much bitcoin prices can be achieved, it's just that I am still quite difficult to believe that the price of bitcoin can reach its new ATH. however, I speculate that the price of bitcoin could be in the range of $ 15,000 - $ 19,000 by the end of this year.


That price is roughly happening these days, and we can't even figure out a continuous trend because it eventually declining. Lately it was already at $10k but it's unfortunate because price falls $9k above. However, it's not yet the end of everything and we still have more chance to buy bitcoin and store before the real halving will come sooner.

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February 27, 2020, 11:19:04 PM
 #35

My answer to this question is still the same since we haven't experience any huge dump yet the odds of having a bull run is very low since halving takes place more than half a month after the halving or more. And the best price for the next ATH would be closer to the $30k to $50k but for now it seems impossible to believe that it could actually reach that price but let's just see.

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March 06, 2020, 06:23:48 AM
 #36

   From this link it's either $14k or $55k, I believe we will see the price somewhere between. It's OK to be optimistic about the upcoming
halving and it's effects on the price, I know I am optimistic. Price will set up new bottom after halving and I believe new bottom will be over
$10k. Better question is will we see a new ATH this or next year? I believe higher bottom will lead to new ATH, and that will happen next year.



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March 07, 2020, 05:00:39 PM
 #37

   From this link it's either $14k or $55k, I believe we will see the price somewhere between. It's OK to be optimistic about the upcoming
halving and it's effects on the price, I know I am optimistic. Price will set up new bottom after halving and I believe new bottom will be over
$10k. Better question is will we see a new ATH this or next year? I believe higher bottom will lead to new ATH, and that will happen next year.
In fact, I really hope for a rise in Bitcoin prices due to the 2020 halving.  But I am very much worried by the fact that speculators can use this situation again in order to earn big money, and thus bring down the cryptocurrency market.  But I’m sure that a full bull run is still ahead.

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March 08, 2020, 06:35:34 AM
 #38

   From this link it's either $14k or $55k, I believe we will see the price somewhere between. It's OK to be optimistic about the upcoming
halving and it's effects on the price, I know I am optimistic. Price will set up new bottom after halving and I believe new bottom will be over
$10k. Better question is will we see a new ATH this or next year? I believe higher bottom will lead to new ATH, and that will happen next year.
In fact, I really hope for a rise in Bitcoin prices due to the 2020 halving.  But I am very much worried by the fact that speculators can use this situation again in order to earn big money, and thus bring down the cryptocurrency market.  But I’m sure that a full bull run is still ahead.
I am also very sure that the price increase will definitely be confirmed. however, from the beginning of the year, the closer we are to halving, the more difficult bitcoin prices are to rise. in fact, so far, I see that the price of bitcoin is very difficult to hold at a price of $ 9k. however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.

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March 08, 2020, 10:26:43 PM
 #39

so far, I see that the price of bitcoin is very difficult to hold at a price of $ 9k.
It didn't hold as we got some big dump happening today, price could fall below $8000 but we are not hoping that, we are just getting realistic here.

however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.
We all want to see, I am even expecting that before the halving bitcoin will pump at that range, but it seems it will have to pump more at the current price and the trend is now changing, the short won this time though, but still more time.

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March 08, 2020, 11:23:02 PM
 #40

Since last Sunday the price of Bitcoin has not passed 9200 $, which I say is the key price.
If the next few days Bitcoin is not traded above that price, I have a little concern that the price of this Bitcoin will still fall below 8000$ or more precisely at Support 7850$ and if the Support breaks again the worst possibility is at the price of 7100$ but I hope it does not  will occur.

And if that is indeed unavoidable, hopefully it will be the end of the price reduction ahead of halving later.
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March 09, 2020, 03:39:00 AM
 #41

~snip~
however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.

And now Bitcoin is heading below $8,000 level.
I dont have definite idea what causes the gradual down fall of the price, pretty sure it has to do with the continues spread of the corona virus all over the world.
This is something everyone wasn't expecting while closely approaching the block halving.
Well, some of the investors considered it as an opportunity to accumulate more Bitcoin, since there are still high hopes for the price to skyrocket.

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adaseb
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March 09, 2020, 03:46:37 AM
 #42

It may or may not be related but there is just alot of panic going on pretty much everywhere including the markets. There is toilet paper shortages in some countries, there is high coronavirus infection rates, factories shut down which decreases production and revenue, oil crashing due to price war, stock market crashing 5% overnight. And people see the price of BTC which was mid $8k's earlier and they think, "I should sell because $8K's is still a pretty good price" and the retail market is selling.

The halving might still have an affect, we are still 2 months out. And we peaked in first week of Febraury and took less than a month to get down to this level, so its possible that in 2 months time we might be above $10K again. We will see what happens when the NY markets open tomorrow. We might get a bounce and get out of this huge sell-off and panic.

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March 09, 2020, 05:03:40 AM
 #43

~snip~
however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.

And now Bitcoin is heading below $8,000 level.
I dont have definite idea what causes the gradual down fall of the price, pretty sure it has to do with the continues spread of the corona virus all over the world.
This is something everyone wasn't expecting while closely approaching the block halving.
Well, some of the investors considered it as an opportunity to accumulate more Bitcoin, since there are still high hopes for the price to skyrocket.

same here   . i cannot think of other reason of the current drop of the price of bitcoin  . convid-19 is still on the main headline until today  , on social media such as facebook convid is also the topic that is trending   .  

there are also good news like countries legalizing bitcoin but are a few only and not enough to counter the negative impact cause by convid  and besides legalization for other countries were only done lately    . itll still need some time to see a major results   . that can still bring us some hope   .
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March 09, 2020, 07:19:07 AM
 #44

I honestly thought it would have been higher at this moment but it is not so I am not sure about the future part of it neither. If it was above 10 thousand and would have been decent that would have been a different story but since it is not I am not entirely sure.

I was expecting the price to be exactly around 15 thousand at this moment and if it was 15 thousand right now the price would have been above 20 thousand by the halving as well.

In any case I still see it going up after the halving but it may take longer than I expect, by year 2021 we will probably see the price above 20 thousand once again, but with how it is going right now I think it won't happen in 2020 or at least won't happen if things continue like this and not recover. Maybe it is world news going bad or maybe something else but it is not doing really as well as we hoped.

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March 09, 2020, 07:58:59 AM
 #45

Most of the TA's are giving a positive prediction about the halving.
So I guess most of us are also thinking of the samething halving would definitely get the BTC price to the moon again.
I think we don't need some speculation about the halving price increase it should be a speculation about how much would it be before and after the halving.
but is what harder to answer because the price is unpredictable so how come that someone can speculate the
 price in future that will be effect of this halving?
and of course we are
 looking for another great movement since we are waiting for more than 2 years now because we last felt
 the Bull run continuously in 2017 and now for long having difficulties to at least reach 20k again

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March 09, 2020, 12:31:54 PM
 #46

   From this link it's either $14k or $55k, I believe we will see the price somewhere between. It's OK to be optimistic about the upcoming
halving and it's effects on the price, I know I am optimistic. Price will set up new bottom after halving and I believe new bottom will be over
$10k. Better question is will we see a new ATH this or next year? I believe higher bottom will lead to new ATH, and that will happen next year.
In fact, I really hope for a rise in Bitcoin prices due to the 2020 halving.  But I am very much worried by the fact that speculators can use this situation again in order to earn big money, and thus bring down the cryptocurrency market.  But I’m sure that a full bull run is still ahead.
I am also very sure that the price increase will definitely be confirmed. however, from the beginning of the year, the closer we are to halving, the more difficult bitcoin prices are to rise. in fact, so far, I see that the price of bitcoin is very difficult to hold at a price of $ 9k. however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.
In fact, what is happening today in the cryptocurrency market already confirms that it is very difficult for Bitcoin and other cryptocurrencies to overcome the specific difficulties that appear before the next Halving.  But in my opinion, to a greater extent, what is happening today is not only because of the panic because of the coronavirus, but primarily because of the abuse of speculators of their capabilities.  It seems to me that over the past day the fall in prices for Bitcoin and Ethereum is about 10-12 percent, First of all, it is provoked artificially, but the positive tendency can no longer be stopped.

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March 09, 2020, 12:46:08 PM
 #47

~snip~
however, I want to see the price of bitcoin again touching $ 12k before halving arrives. it really is a signal that there will be a new ATH this year, or 2021.

And now Bitcoin is heading below $8,000 level.
I dont have definite idea what causes the gradual down fall of the price, pretty sure it has to do with the continues spread of the corona virus all over the world.
This is something everyone wasn't expecting while closely approaching the block halving.
Well, some of the investors considered it as an opportunity to accumulate more Bitcoin, since there are still high hopes for the price to skyrocket.

That's the problem, the price started to grow this year, we've seen some inspiring growth then one moment the dump happens.
What happened is not seen by just reading the graph, this is very unpredictable but we should be ready with it and I don't think price will not bounce back, soon it will start trading over $10,000 again, from the current price, it's not impossible to rise back to $10,000 within this month.

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March 10, 2020, 10:06:48 PM
 #48

I could see a possible dramatic trend of Bitcoin this year and it's hard to think for a bullish market as we are affected by global market issues that COVID-19 brought to us. Maybe we have to forget about thinking about Bullrun because it seems to be possible and if we look at the trend since last month, we could see a declining trend. But I'd never think that it shrink back into $3k coz I believe that this health issue will soon to resolve and could stop panic selling.

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