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[buwaytress]

One week makes so much difference and I can totally understand it. One week ago we were really afraid that bitcoin was going down and now we are saying "well maybe not anymore" and that is what makes a difference in a week in corona as well. One week ago turkey had 1 person infected, today they have 200 with 2 dead another week and who knows.

Even a day makes a difference really, in this kind of situation. I saw when price just kept nosediving. Read somewhere that it was at one point over 50% in a 24-hour period, but 30% was big enough for me to sit up and take notice.

Not that my mind's changed in any sense, but what I'm wondering now is, miners are the ones in pain... right? So they'll want to push prices up as high as it can get before the halving, because as someone said, this should immediately mean a doubling in price just to keep in check.

[Dr.Osh]

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

Actually I think like this, but after the price reduction occurs, I always think negatively. however, currently, the price of bitcoin is recovering, and there is potential for prices to return to $ 9k before the upcoming May. however, I really hope that the price of bitcoin is very high before halving because what you say will push the price of bitcoin higher than before.

[el kaka22]

There is a vast difference between a price halving (and not even close right now) and a bitcoin halving. In a price halving you get price to drop to half and now it is back up again, if you are a smart investor you would have realized that bitcoin wasn't really valued that low and you would buy bitcoin and it would eventually go up again like it already did, we are above $6k right now and doing not that bad, another 20% increase or so and we would basically be where we started before all of this and 20% is not a big number in crypto world.

However, in mine halving we are getting less inflation, less money printed everyday, millions of dollars are spent less in bitcoin and that is literally what we need right now, that way it is a long standing profit and not just a one time thing.

[Kelvinid]

Could we have something to expect a market surge this coming halving? Not really for sure. We know the current market situation and this halving couldn't be enough to think and see that price blown but this thing could be possible of the community would like to help especially for all crypto holders won't sell the coins at cheap price. This is the only that we ask for and so we are able to see the market recover even though we never hit to its peak again but at least, we do something that could even move to $10k...it is really great.

Well, that's almost impossible to achieve in this community, where a lot of people are looking to earn profit by selling whenever the price hits the resistance level.
This is always gonna be the case. If you notice everytime Bitcoin hits the resistance level, the price tends to pull back for about 1%-3% and will struggle to maintain the range (most of the time).
Only the manipulators has the power to either make a price surge or a price slump.
Positive speculations may also help the market to rise.

I understand why people can't make such HOLD because of many reasons but I know that they can also make it not to sell at a low price.
The resistance level of the market isn't really moving high because the majority of the Bitcoin holders/investors are now selling it at this time. And this makes no excuse why the market won't go up but rather it drags down because we are making it happen in that case.

[STT]

Many people cannot speculate, they have only so much capital to hold in crypto.   Leverage doesnt count because the market will always flush you out, either early by a personal stop or fully by margin calls as it registers lower.   The market naturally searches for points where people stop selling because 'all bets are off' then its hard ground, every market does this.



Just a quick look at weekly view though we aint closed yet, lots of range in just 3 weeks.    Though its wild its kept to prior historic trends, BTC often does sharp moves and I would guess we do see it again.  Thats why I always say roughly try to get the mood of long term involved BTC holders as they know par for the course.
  Halvening my guess doesnt alter this year overall, no extreme move as a bet from me. I dont expect it too easy, I think years we develop over and every year is a slap in the face for those who thought BTC couldnt exist.  Low now is 8 day average and roughly that 200 week average, its a base that those bullish short term would hope to see kept.  Below 5500 we repeat action I guess but looking for 4.5k to 7.5k to be worked through which is  very volatile but reasonable in context to these last few weeks.

[rodskee]

Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

WELl i am sure right after you post this market fell down badly and that is what we are facing now,imagine falls down more than 50% in a day?so how can Halving make a good move when there are crisis right now like this Corona Virus?
Yeah we are expecting much good response from the market before halving but since we did not expect a very bad economic problem such as oil and stocks now that this COVID19 is in the house?yeah impossible for us to look into more progressive investing.

[Reid]

It gave me some courage to buy more. Even just for a little bit. 
There is large chance we won't be seeing is again after it almost made $9k its bottom. That is what I thought.
But it suddenly plunge to a price I didn't expect anymore.
It sure does feel sad for me but still it is another opportunity. Yes, there is still the halving so brace yourselves.

[okala]

Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

Bitcoin halving has been the major reason why bitcoin pumped in price and no matter what happens we should still hope that halving is still going to influence the market. If not the covid19 issues we should have see bitcoin above $11,000 by now but because of this apidemic we are having bitcoin down. However hoping that things get better in days and months to come.

[Botnake]

This thread was created when there was no panic yet on the current corona virus pandemic, and for awhile, people forget the benefit of the coming halving as they are more focus on the current situation, some panic while some took advantage when people panic, that's normal, but what's good now is that the market is starting to rebound and we are seeing an uptrend that could possibly continue.

[Yamifoud]

Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

Bitcoin halving has been the major reason why bitcoin pumped in price and no matter what happens we should still hope that halving is still going to influence the market. If not the covid19 issues we should have see bitcoin above $11,000 by now but because of this apidemic we are having bitcoin down. However hoping that things get better in days and months to come.

Indeed, we are getting better now than of the past days. It sounds like panic sellers have realize already about their doings and have to change their mind instead, they'll be in holding. Halving might be of big help for the fast recovery of the market and I hope it well. We all been positive so we don't need to drag the market down instead of helping it so recover.

We are heading back to $7k and all become hopeful that during halving we saw pumps and not dumps.

[ololajulo]

Some assumptions indicate traders involved in the dump are new with less than 3 years in the space. So we consider that to be loss of weak hands and fewer bitcoin involved. Some economic assistance by the government should take care of people's welfare in coming days and reduce panic but we cant neglect some exception for those with some lifestyle excesses. I dont know if the market prepared for the support cause a lot of people paniced at $4000, if the market stays the same for the next few weeks in April we can still reach a new high price in the space this year. We have lost some miners though and it requires the price to get back.

[adzino]

This situation was completely unexpected. From the spread of the virus to panic selling, none of us expected the price to fall this badly before the halving takes place. Look at stock market price which was very badly affected. The whole world right now is going to suffer economically (expect for China. I have been hearing many conspiracy theories lately about how evil china is). But yeah, the price of bitcoin did recover a bit. We can expect it to go back to where it was during the halvings.

[carter34]

But it suddenly plunge to a price I didn't expect anymore.
It sure does feel sad for me but still it is another opportunity. Yes, there is still the halving so brace yourselves.

Do we think that halving will really make an impact as expected? Well because of the covid-19 issue that has really put many economy down, I think investment will also slow down and gradually pick up. So contrary to my expectation, I can't really speculate how price will go.

[hatshepsut93]

This situation was completely unexpected. From the spread of the virus to panic selling, none of us expected the price to fall this badly before the halving takes place. Look at stock market price which was very badly affected. The whole world right now is going to suffer economically (expect for China. I have been hearing many conspiracy theories lately about how evil china is). But yeah, the price of bitcoin did recover a bit. We can expect it to go back to where it was during the halvings.

Bitcoin always acts unexpectedly, people couldn't believe when it reached above $1,000 for the first time, then it repeated with $20,000. But now everyone got so bullish with high hopes for the halvening and dreams of $100,000 that the unexpected thing was going down instead of up. Coronavirus certainly didn't help, but even without it there was always a risk of crash. But eventually the price will reach new highs again, but it may take quite long.

[The Sceptical Chymist]

It's definitely strange--prior to the coronavirus outbreak, a lot of threads were dealing with speculation about the halfening, but that's noticeably taken a backseat to the effect the virus has had on bitcoin's price, which has been profound.

Right now I'm not expecting any price boost due to the halving in May.  It might have been priced in already as it was, and I don't think there's going to be any massive buying (or less selling on the part of the miners) in the next couple of months.  That could happen, but I don't think we're going to see a significant rebound until life around the world returns to normal--and that could take quite a while.

[Ridwan Fauzi]

Bitcoin halving combined with this bitcoin price halving will surely leads to greater rise in price

Less bitcoin earned by miners --> Price of bitcoin is less --> Miners refuse to sell at loss --> Lower seller means buy pressure is high --> Buy pressure is high means price is high

The information of halving event is much already especially on this forum. You can easily search and find one by one in bitcoin discussion forum then you will find a lot of thread who discussed about it.

The most important thing is how you passed it? I mean you should have a strategy to meet this event. Like buying bitcoin as much as you can and hold bitcoin if you already has. Also, spreading about good effect from bitcoin is more apprecieted because that will help many people aware againt bitcoin and they buy if they have money.

[Bttzed03]

Well done for a great topic title, that made me laugh 

We are indeed in a strange situation. I'm not even sure if any speculators cares about the halving right now. I think everyone is just waiting for that proven COVID-19 cure to bring things back to normal like "business as usual" before markets (including crypto) starts recovering and that will most likely take months for each economy to fully recover.

[BrewMaster]

it was all an unreasonable scare due to all the other markets in all different countries crashing hard. then of course we always have a lot of whale accumulators ready to take advantage and dump the price as much as they can which led to the weird price drop.

the good news (that nobody seems to be talking about) is that all these others markets are still dumping. US stock market had another dismal day, EU stock market is also following,.... and meanwhile bitcoin price reached its bottom last week and now it is starting to slowly go back up. ($6800 right now).

this proves how irrelevant all the news we kept hearing during the drop were.

[STT]

I wont call it strange, I think its actually quite natural reset and growth we dont have to like it but its always been this way.   Sooner or later humans find out they are not the top of the food chain really, we are pawns in this game along with many animals.   We can get wiped out, things are very often beyond our control and the army or government can at times do nothing to stop that being true.    Thats always been there but we forget it and its the background but in economics I will always count natural effects over artificial measures placed by any company, person, organisation or government.
    The halvening effect is gradually less important, my take is its quite clear and its on purpose by the originator of this protocol they dont want training wheels on a Harley doing 80 down the highway and so we have more influence from the markets themselves and the wider effects of every nations currency variations, sometimes BTC will have demand and sometimes less.

[Hippocrypto]

Well done for a great topic title, that made me laugh 

We are indeed in a strange situation. I'm not even sure if any speculators cares about the halving right now. I think everyone is just waiting for that proven COVID-19 cure to bring things back to normal like "business as usual" before markets (including crypto) starts recovering and that will most likely take months for each economy to fully recover.

This might take several months before taking off for an effective remedy of this kind of pandemic virus. It won't be easy for the world to bring back the normal life that we used to have. But nothing's imposible for all who wanted to seek brighter future with bitcoin, because it remains unpredictable for years until present. Recovery will always be a tentative situation to consider, so every now and then let's hope for positive outcome sooner.