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Question: Which scenario do you think is likely to occur?
The FOMO Event
Huge Panic Selling
The Boring Scenario
Something else

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Author Topic: The Bitcoin halving's 3 possible scenarios.  (Read 675 times)
UnDerDoG81
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May 15, 2020, 12:13:50 AM
 #41

So in conclusion you mean it will go up, down or sideways? Could happen.
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May 15, 2020, 09:41:44 AM
 #42

"Boring scenario" won the poll, and it was truly a boring scenario. Everything WAS priced in with the halving event already known to be four years after 2016's halving.

Any market FOMO from here will be of unknown causes.

And checking back in here 3 days later, I can confirm, all of us who voted for boring won and continue to be right. We should all get prizes for finally getting crowd wisdom right in this forum.

I'll admit I held some small belief I could be wrong, especially when we touched 10k last Friday. Would have been happy to been proven wrong. Still, next difficulty adjustment coming up, and every step from there could clue us in on how miners are thinking.

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btc_angela
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May 15, 2020, 11:02:58 AM
 #43

"Boring scenario" won the poll, and it was truly a boring scenario. Everything WAS priced in with the halving event already known to be four years after 2016's halving.

Any market FOMO from here will be of unknown causes.

And checking back in here 3 days later, I can confirm, all of us who voted for boring won and continue to be right. We should all get prizes for finally getting crowd wisdom right in this forum.

I'll admit I held some small belief I could be wrong, especially when we touched 10k last Friday. Would have been happy to been proven wrong. Still, next difficulty adjustment coming up, and every step from there could clue us in on how miners are thinking.

Funny thing is after 3 days, the bulls at least are trying to push the price into the five digits again. So I don't know if this is boring as the price increased 5%-6%. But I guess this is just short-term, we still don't know how miners are going to react. There could still be FOMO, but I don't know how far can we get, reaching $10k again will be a good gauge.

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May 15, 2020, 12:18:54 PM
 #44

I'll choose the FOMO as  the one  that will likely happen, FOMO  because the halving will create a significant event in the community and those new people coming in will believe what old-timers will say to them and that is to buy as the  price is going to skyrocket, people are looking on the chart and they are comparing the first two and that's what likely to happen if there's no pandemic now, we are in a different scenario and the market will be different from what we are seeing now

tbterryboy
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May 15, 2020, 06:33:06 PM
 #45

It is cool that we managed to go back up and that is really valuable honestly. I was thinking maybe people could have been disappointed when something like this happens because people do expect a lot of moves. I remember from Libra to Bakkt there was a lot of hype and people bought a lot of bitcoin and none of that happened people sold and price went down a lot.

I was afraid that the halving would have been something like that as well. Thankfully it wasn't like that at all and right now it is getting a lot better right now and price reached to 10k almost and that's cool. Of course there could still be some lows and some highs as well, I don't know what will happen in the future at all but I know that we are doing good right now and that is kinda good enough for me.
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May 16, 2020, 11:07:06 AM
 #46

Just like the majority of votes says, it seems that the boring scenario is what we're dealing with. There are some fluctuations, but nothing that couldn't have happened without halving. The short-term affect is not present. Maybe it's the pandemic anxiety and the halving FOMO crossing each other out. As for the long-term effect which is something people usually mean when they say that last halving brought BTC to the new ATH, I think that the more time goes by, the more factors that can influence the price appear, so it becomes next to impossible to tell whether halving played a major role. So we can see Bitcoin rising at the beginning of 2021, but there would not be a consensus on whether the halving had something to do with it.

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smyslov
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May 16, 2020, 03:05:54 PM
 #47

I voted for the boring scenario because that's what exactly is happening right now, the price move up and down, but the good thing is the upwards price is moving two steps upwards, it's only a matter of time before we reach the $10 k mark, great time to still accumulate,I'm hoping the price to double before the start of the third quarter.
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May 16, 2020, 11:59:13 PM
 #48

I voted for the boring scenario because that's what exactly is happening right now, the price move up and down, but the good thing is the upwards price is moving two steps upwards, it's only a matter of time before we reach the $10 k mark, great time to still accumulate,I'm hoping the price to double before the start of the third quarter.
You are somewhat right on this one. After halving event the price havent moved out since but doesnt mean that it wont really make in further days or week since we do know that effects might happen on longer aspect
which isnt something new yet this had been the case that happened in the past.For now we should need to wait and shouldnt really be on a hurry on seeing things up and its better to utilize these
current prices because we wont know if these would be the last digits that we would able to see before we would shoot up.

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