gogoi (OP)
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April 08, 2020, 05:28:22 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0
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Btcbeginners
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April 08, 2020, 06:20:12 PM |
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In this time, The Bitcoin price will not follow ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus.
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gogoi (OP)
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April 08, 2020, 06:43:00 PM |
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In this time, The Bitcoin price will not follow ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) the previous Bitcoin Halving events. So, the previous two Bitcoin halving events make the new Bitcoin ATH within the 6-month period and 1 1/2 year period, So, This Bitcoin halving event may take a long time ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) to make new Bitcoin ATH. The major reason can be the global situation of the pandemic coronavirus. Some interesting thoughts. Bitcoin definitely dumped during the liquidity crisis caused by the pandemic which seemingly popped the everything bubble. Since it has recovered almost 100% off of it's low. The Federal Reserve's response to the liquidity crisis was to expand the money supply by $4 trillion dollars restarting QE. In 34 days Bitcoin's monetary policy will experience QH or quantitative hardening. The next 12-18 months should be explosive for hard money assets such as Bitcoin & gold as they are repriced with the world's monetary supply increasing drastically over the last few weeks.
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cr1776
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April 08, 2020, 06:48:35 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0TLDR;: The fiat price will go up, go down, or stay the same. Previously it has gone up over time, particularly after a halving - within 6-18 months of the halving it has risen. No one knows what will happen this time. It might rise into the halving, or it might not. I think that sums it up. :-) The short answer is that if you believe in the ability of technology to protect people's assets from the authoritarians/totalitarians/socialists/communists and other elites, then bitcoin will rise over the longer term.
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enhu
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April 08, 2020, 06:56:39 PM |
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Jordan already said it could go to $20K this year like it will tough the ATH when it breaks the resistance where the liquidity crisis he mentioned. The fact that halving as always will act as catapult for the price to pump, its almost certain that it can go that direction. Halving is going to happen next month. He is suggesting to buy just when it retest the support level why not buy now?
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gogoi (OP)
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April 08, 2020, 07:01:41 PM |
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Jordan already said it could go to $20K this year like it will tough the ATH when it breaks the resistance where the liquidity crisis he mentioned. The fact that halving as always will act as catapult for the price to pump, its almost certain that it can go that direction. Halving is going to happen next month. He is suggesting to buy just when it retest the support level why not buy now?
While I do think any price under $10,400 is cheap, and anything under 20k provides amble room for serious profit - I am providing a "safe" entry into Bitcoin. I also mentioned in the video that now is a good time to buy and I added during the dump at $4100, $5200, $6100 and $6500. I would had added more but the dump was very quick and I could not get more funds to the platform I needed in time. Yes, $6,300 is going to be a fantastic entry into Bitcoin in just a short time in my opinion.
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TIDOVEE
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April 08, 2020, 07:32:34 PM |
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Bitcoin should be set for halving in not more than a month time, but I hope the COVID 19 pandemic will not create an extension to it. So far, the bitcoin and many other altcoin price has been quite stagnant. We may have a little rise from that next month as long as the halving commences but a more pronounced rise after 6-8 month of the halving.
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adzino
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April 08, 2020, 08:10:34 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0You see this is something we can never predict accurately. Was anyone able to actually predict how badly the price would have been affected by the current virus outbreak? Nope. People were instead hoping the price to rise, but you see the exact opposite has happened. Now, no one is certain how the halving will impact the price. The halving might help us to recover to the previous price. We can already see it growing back!
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exstasie
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April 08, 2020, 08:31:05 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?
Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%. Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason. I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.
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gogoi (OP)
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April 08, 2020, 09:09:47 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows?
Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%. Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason. I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary. It was a 30% drop after the 2nd halving right? I agree if we were to rally past the "fair value" of $11,400 the halving prior we could see a pullback. Also throughout the bull market phase expect MULTIPLE 30% pullbacks as during the last market cycle. Personally, I don't view it as Bitcoin just rallied 100% off of the low (which is of course has) but nothing more than a vicious liquidation loop on Bitmex which self corrected within hours after Bitmex went offline. Price is basically back to where it was before the liquidity crisis.
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Kelvinid
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win lambo...
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April 08, 2020, 11:05:31 PM |
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Actually, we can't decline such possibilities. We still have a number of days before halving and the trend seems too good to see that it was increasing. This is to say that if the current momentum will continue is could be expected that market price will be at a high. As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
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Fundamentals Of
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April 08, 2020, 11:20:37 PM |
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Actually, we can't decline such possibilities. We still have a number of days before halving and the trend seems too good to see that it was increasing. This is to say that if the current momentum will continue is could be expected that market price will be at a high. As we can see, we are surpassing $7k since in the past few days and this may tell us that people are now accumulating more Bitcoin than of selling it amid to the COVID-19. Well, it is not a big surprise anymore as we know that the crypto market will likely to recover fast than of the local market.
Halving and the heavy dropping of stock markets benefits Bitcoin. But as mentioned already by some people here, chances are that this might be another "sell the news" as many non-regular Bitcoin traders will also try to enter and snatch some quick profits before going back to their traditional markets.
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arwin100
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April 08, 2020, 11:22:27 PM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0If we base on statistical data on the past history we can define or see that there are huge possibilities for a rise but every halving year got different story like just what happen today where we are facing a global economic crisis to due to this pandemic disease and might this could affect the growth of the bitcoins price since as of now government globally doesn't have any solution for the said disease and if lockdowns will still occur for sure many people will get affected and those crypto enthusiast people will be force to withdraw their assets for security.
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exstasie
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April 09, 2020, 01:25:57 AM |
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Do you realize the market just rallied 94%? And that the halving is one month away? This is the halving pump, just like the one that occurred in May-June 2016 right before the July 2016 halving. During that rally, price just about doubled, but shortly before the actual halving the market crashed 40%.
Be prepared for that. Logically the halving should be a "buy the rumor, sell the news" event since it's public knowledge. I would expect sellers to front run the event (like 2016) for the same reason.
I don't think we'll be seeing the March lows again, but depending where this rally tops, a 30-40% drop wouldn't be out of the ordinary.
It was a 30% drop after the 2nd halving right? I agree if we were to rally past the "fair value" of $11,400 the halving prior we could see a pullback. Also throughout the bull market phase expect MULTIPLE 30% pullbacks as during the last market cycle. It was a 40% drop in 2016. Arguably the August Bitfinex hack news intensified the downward pressure and we crashed harder than we would have otherwise. Why do you think $11,400 is fair value? My opinion is fair value = the current spot price. Personally, I don't view it as Bitcoin just rallied 100% off of the low (which is of course has) but nothing more than a vicious liquidation loop on Bitmex which self corrected within hours after Bitmex went offline. Price is basically back to where it was before the liquidity crisis.
I don't think Bitmex caused the liquidity event at all. https://bitcointalk.org/index.php?topic=5235794.msg54171345#msg54171345I agree that part of this month-long rally was merely a reaction to that liquidity event. However I don't think that automatically means we get another 100% halving pump (like 2016) either. It's still a "sell the news" event that sellers will probably front run by a matter of weeks, and BTC holders are still sitting on massive losses from $10.5K, suggesting lots of upside resistance.
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BChydro
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April 09, 2020, 01:52:27 AM |
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The major reason can be the global situation of the pandemic coronavirus. Pandemic is one situation and then there are other rules and regulations which is implemented in the market, the other two times we had a free market as none of the authorities was taking a particular interest because the market was new and since we had a huge rally last time, the financial sector has set their eye in this market and with that it is hard to see the market rallying until there is a concrete reason.
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GreatArkansas
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April 09, 2020, 03:14:30 AM |
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The major reason can be the global situation of the pandemic coronavirus. Pandemic is one situation and then there are other rules and regulations which is implemented in the market, the other two times we had a free market as none of the authorities was taking a particular interest because the market was new and since we had a huge rally last time, the financial sector has set their eye in this market and with that it is hard to see the market rallying until there is a concrete reason. I also don't think so that even if this novel coronavirus (covid19) happened we can see a new all-time-high before the block halving, because as what we get to used is for every halving before we see a huge price actions weeks before but things changed now and some people expected to see a new all-time-high on year 2021.
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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Darooghe
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April 09, 2020, 03:45:29 AM |
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There is no certainty that the halving will directly lead to a price increase. No one knows the future. Because the payout will be halved, new coins will be harder to get and that could raise the value of the currency. So if the same amount of total processing power (I.e. Same amount of miners using the same mining hardware) and the same daily rate of new money being invested into the Bitcoin each day post-halving, then the supply will slow down in proportion to investment and therefore the price per coin will increase.
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pooya87
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April 09, 2020, 05:11:10 AM |
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Do you realize the market just rallied 94%? And that the halving is one month away?
you are confusing recovery/bounce-back with a rally. a recovery is when price rises AFTER a massive drop. it is similar to bubbles, they are unstable because the value has dropped way below the reality. you can never consider the bottom of such prices as the real low just like you can't call the peak of a bubble as a real high value. they both are fake and the result of an excited market. as a result what happens after that overly excited state is the "correction" of the "mistake" not a rally. with that cleared, what we had in the past weeks is a simple recovery where price comes back closer to its natural value. it can not be considered a rally even if it was a profitable process for some day traders. consequently it has nothing to do with halving either.
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davis196
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April 09, 2020, 05:22:55 AM |
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The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0I'm almost 90% sure that the Bitcoin price will go down after the halving,because a lot of not-so-experienced crypto traders that jumped in the crypto trading wagon during the last 3 years will have some false exaggerated expectations about the halving pumping the Bitcoin price.The BTC halving will just happen,the BTC price pump won't come and all those rookie traders will start selling their BTC out of disappointment(because they can't control their emotions).Therefore,there will be some cheap Bitcoins for us to buy after the halving. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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michellee
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April 09, 2020, 06:31:03 AM |
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I imagine the price will rise for $11,000, and make a correction at $7,000-$9,000, and then after the halving, the price slowly to increase and back to $14,000 until October. After that, the price rises so high and break $20,000 and more ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It's too good to be true, but the price can go to any price ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But so far, I enjoy for the up and down of the price because I make some profit from that.
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