Eplus_Team (OP)
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April 15, 2020, 02:49:02 PM |
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I think we all know that the halving will come in 26 days Im just wondering what are you thinking what impacts will the halving have? Will nothing happen? Will the price pump or dump? Will the hashrate drop dramatically and delay block times?
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The Cryptovator
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April 15, 2020, 03:00:42 PM |
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I am quite sure will happen something and most likely it will positive. Because even during current global crisis btc showing positive movement right now. So we might expect a good positive movement before halving. But if its happen then there is chances of sudden dump after halving happened same like we have seen impact after and before forked. To be honest I am assuming current bitcoin volatility happening due to upcoming halving. Perhaps some clever investors or whales trying to accumulate some coins before next pump and that's why price playing between $7K to $6.5K. However, no one could say exactly what will happen, we need to wait realize it.
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CarnagexD
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April 15, 2020, 03:31:55 PM |
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Today I'm looking forward to the market halving of the bitcoin because it has a different market movement from the previous weeks and months of the bitcoin and also I read a lot of articles, news, and comment from the different bitcoin enthusiast that the before of the end of the bitcoin it shows a good market income and by that, I'm looking forward to the bitcoin to make more earnings. Still, it depends on the market and the community of many people will support this we can now make a huge market profit but still it depends on you if you will continue to buy a lot of bitcoin.
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bgaf
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April 15, 2020, 03:33:07 PM |
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To be honest I am expecting a pump probably everyone but I dont want to get my hopes high as the market is very volatile and we cant always foreseen a good outcome. This particulat event of halving that occured in the past marked certain changes and those changes is a good reference to stay positive. Yes there is global pandemic crisis that happening now and with expectation of some pump could be ambushed by more negative impact of this tragedy everywhere.
However, crisis or not, I believe investors are ready to ride with the surge that will come. But until it happens, we should just watch the charts movement and analyze whether we are going to a more bear or finally escaping it.
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blockman
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April 15, 2020, 03:40:21 PM |
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All of the answers for those question, no one can answer exactly. We are basing to the past and history of halvings that's why many are expecting for the price to surge after a couple of months when halving is done. I'm also leaning towards that but it's a matter of patience and we'll see what the miners reaction after that.
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mk4
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April 15, 2020, 03:43:09 PM |
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1. People will be disappointed because they're expecting something super eventful. 2. The price will dumpdrop in the short term because of point #1. 3. Assuming point #2 happens, then probably. Miners who have thinner profit margins will be forced to turn off their miners.
Just my 2 satoshis. Not saying that this will surely happen, but it's just my rough guess.
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kryptqnick
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April 15, 2020, 04:01:54 PM |
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I think we all know that the halving will come in 26 days Im just wondering what are you thinking what impacts will the halving have? Will nothing happen? Will the price pump or dump? Will the hashrate drop dramatically and delay block times? First of all, are we sure that halving's in 26 days? I mean, I know it says so on countdowns on websites but I guess it's an estimation which might be a little off. But in any case, halving will happen somewhere in May which is quite soon. So what happens to the hashrate? I don't think the drop will be dramatic, and even if it happens, it's just a temporary thing. Speaking of the price, I'd refer to Antonopoulos who expects 'nothing much' to happen with the price. It makes sense to me, but if many people expect it to rise (and I guess it's the case), the price might indeed go up due to FOMO.
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hatshepsut93
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April 15, 2020, 04:04:42 PM |
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I think we all know that the halving will come in 26 days Im just wondering what are you thinking what impacts will the halving have? Will nothing happen? Will the price pump or dump? Will the hashrate drop dramatically and delay block times? 1. Yes, nothing big will happen. Just like the last times, nothing special happened on the halvening day itself. 2. Who knows, 24 days is a long time, the price can be thousands of dollars higher or lower than it is from now. We are in very turbulent times right now. 3. Maybe the hashrate will drop a bit, but I don't expect a dramatic drop, we don't know that exact cost of mining in different parts of the world, maybe even with halved reward many of them will still make profit.
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Kupid002
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April 15, 2020, 04:19:07 PM |
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I think we all know that the halving will come in 26 days Im just wondering what are you thinking what impacts will the halving have? Will nothing happen? Will the price pump or dump? Will the hashrate drop dramatically and delay block times? I expect the drop of its price in the first day of halving. We may experience the increase a week or a month after halving . Backing the price to 10k USD this year will enough for me no more other expectation that it may beat the last ATH we get in 2017.
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CryptoArbi
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April 15, 2020, 04:34:21 PM |
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I expect nothing big to happen after the halving date. We all judge and base our thoughts on what happened after the 12 and 16 halving. History is not repeating even though it rhymes, I believe Mark Twain said. Today's market is more mature than 16 and 12, thus I dont expect rapid moves up or down. What I do expect is a steady upwards trend in the long term, simply because inflation is coming like a tsunami. I estimate that more than 20 Trillion USD will be printed during this crisis. Younger generations that recognize the utility of cryptos will be more positive towards BTC. And of course, some people must work hard to get the dollars that some other people print effortlessly. That said, the price will go up in the long term.
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The Sceptical Chymist
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April 15, 2020, 04:45:24 PM |
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I am quite sure will happen something and most likely it will positive.
I shared the same sentiments a few months ago, but the COVID-19 outbreak has thrown an enormous monkey wrench into the machine, and not I'm not sure at all that the halving is going to affect bitcoin's price. I sort of think that if there were going to be an effect, it would already be reflected in the current price--but there's no way to know. It'll definitely be interesting to see what transpires come May, but I'm not placing any large bets on the outcome and I don't have my hopes up for a huge price increase.
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gentlemand
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April 15, 2020, 04:51:54 PM |
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Nothing happens during halvings. If there is to be an effect it starts in the following year. However at the moment I have absolutely zero clue what the future holds. It could be a disaster. It could be business as usual much earlier than expected.
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chainese
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April 15, 2020, 04:55:13 PM |
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I think now we have more stable market than in the previous time. I think that halving will have some impact on prices but not as huge as many users expect. Defintely, it will be a measure of the crypto market's current state so that we will see if it's still young or not.
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Slow death
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April 15, 2020, 05:12:39 PM |
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I sincerely do not expect a big price increase, with this pandemic and almost certain that we will see a small increase and price, something expected by many people. in any case I think it will touch $8000
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DooMAD
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April 15, 2020, 05:42:03 PM |
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My (largely unfounded) prediction is an anti-climax and some disappointed speculators who got their hopes up too soon. No major moves in either direction in the short term.
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Eplus_Team (OP)
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April 15, 2020, 05:43:03 PM |
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I think we all know that the halving will come in 26 days Im just wondering what are you thinking what impacts will the halving have? Will nothing happen? Will the price pump or dump? Will the hashrate drop dramatically and delay block times? First of all, are we sure that halving's in 26 days? I mean, I know it says so on countdowns on websites but I guess it's an estimation which might be a little off. But in any case, halving will happen somewhere in May which is quite soon. So what happens to the hashrate? I don't think the drop will be dramatic, and even if it happens, it's just a temporary thing. Speaking of the price, I'd refer to Antonopoulos who expects 'nothing much' to happen with the price. It makes sense to me, but if many people expect it to rise (and I guess it's the case), the price might indeed go up due to FOMO. No it isnt in exactly 26 days, more like 25-28 days, depends on the blocktimes. But we know its at block 630`000
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TopTort777
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April 15, 2020, 05:46:23 PM |
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Frankly speaking I expect nothing. Recently there were halvings of two bitcoin forks - price did not actually change, just made +5% and now the price is back to what it was before halving. Plus worlds economy is so much down, that it is not ready for big growth.
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$crypto$
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April 15, 2020, 06:30:43 PM |
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It seems like there is nothing special in handling this year because co-19 is the problem. If this pandemic does not occur, I think many people will expect halving this year. Of course with halving that will occur in 26 days there must be a fairly stable market movement. Pompaan definitely happen but (predictions) I will not penetrate the price of 10k.
Because currently it is an economic problem, halving may not be the main concern.
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Casdinyard
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April 15, 2020, 07:13:52 PM |
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It seems like there is nothing special in handling this year because co-19 is the problem. If this pandemic does not occur, I think many people will expect halving this year. Of course with halving that will occur in 26 days there must be a fairly stable market movement.
Well I think of the opposite mate, covid-19 surely brought a destruction to every market and caused a massive declines (not for chinese market) but I think there would be some bright places, limited bright places in the market that will make you gain unexpectedly. Pandemic is a problem, however the resistance from whales are stronger that the effect could not reach the worst of the scenario. 26 days are left for us to invest as much as we want, and I'll stick to the pattern, Bitcoin will soar this year if not $20,000 like ath maybe just a bit lower. Pompaan definitely happen but (predictions) I will not penetrate the price of 10k.
Because currently it is an economic problem, halving may not be the main concern.
We already reached the $10K this year, In fact the covid-19 is already present at that time in China and several cases around the world so I guess it would not be a problem at all.
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20kevin20
Legendary
Offline
Activity: 1134
Merit: 1598
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April 15, 2020, 07:19:18 PM |
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Nothing. I expect nothing, honestly.
If I remember correctly, 2016's halving had just a little volatility followed up by nothing much. The real change will be seen 6-12 months post halving imo.
I don't know, just think about it logically - on halving day, will you move funds to buy/sell or just wait and see the block countdown to halving go to 0? I'm in the latter boat and I believe most are..
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