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Author Topic: the halving will end the downtrend of the last price circle  (Read 503 times)
StephenJH
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May 12, 2020, 12:01:21 AM
Last edit: May 14, 2020, 09:07:05 AM by StephenJH
 #21

As you know BTC is right now in a downtrend, indeed we have seen BTC price so good in the days ago. But suddenly it was gone deep and l hope that maybe after the halving something will go on well as expected. Maybe altcoins can get up in this way. It is not an exaggeration to say that dumping happens every time in the cryptocurrencies.

I may be wrong but i got a feeling that the real bull run will start in last quarter of this year, historically it has also been seen that last quarter is usually bullish especially in bullish markets or post halving october, november and december have really pushed prices towards north, whenever it starts i want bull trend to continue for atleast 2 years like we have seen down trend for that long.
Last year, the majority of the forum members on this board said the same sentences here regarding the prediction of the BTC price on the last quarter of the year. Nothing has happened, the EoY drama has ended badly and the latest market pump has been happened due to the big boys who dumped again to the latecomers. Price didn't get declined out of air thin before halving, the market priced halving before halving while everyone has the expectations of a dump right after halving block.

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May 12, 2020, 12:19:17 AM
 #22

bitcoin will begin its new uptrend journey soon

it will be better if a small alts season comes during the gap before the pump of btc
I guess that will for the future of bitcoin but i believe there will be a correction asap. I thought that we must not see the bitcoin will always get the bullish trend but we must also see that the bitcoin could get the correction to build the position again.

That's how the healthy market is working today

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May 12, 2020, 03:21:54 AM
 #23

Bitcoin is still not showing an increase in halving which will occur this downtrend as it is still continuing so I'm sure here maybe after halving will be a definite increase.

Bitcoin is currently still below but there has been much speculation about bitcoin about future increases in the near future.

This downtrend is quite worried no one might have expected this, the price was all set to tough 10k and I thought like the value may go 12k at least till Halving all of a sudden things have changed. Well that's how the nature of crypto is, I still believe this Halving will not disappoint us hours to go and I will hodling my nerves now.

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May 12, 2020, 03:31:16 AM
 #24


We're all optimistic here. You and they would not be investing in BTC if we are not optimistic, its just a matter of time to wait til crypto rises up again.

The downtrend may take the price to dip again maybe $6k again if the pandemic continues, this doesn't mean I'm not bullish but the dip I believe is necessary for it to go up more. Halving will help its rise along with the altcoins.
i agree with you, i'm also still optimistic.
bitcoin prices will go up in the near future, i'm sure of that.

but for the time being we have to be more careful in making decisions, if we are late or make decisions too quickly then maybe we will lose the opportunity to pocket money.
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May 12, 2020, 03:35:23 AM
 #25

I'm not as optimistic as you are, the fact that bitcoin is still in a downtrend, the best chance for bitcoin to break the downtrend is before the halving event but it didn't work, we still see the trend. decrease for a long time to come

You should learn long term and impact, halving will have impact definitely the supply is very small now and the demand will go up now and the future, it has overcome the pandemic and have died a hundred times and get up again the only way it could die ia hacking on the chain, but Bitcoin has a strong and solid chain, and the world continue to adopt it.

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May 12, 2020, 03:38:03 AM
 #26

Well, I'm quite excited about the uptrend that Halving will bring. However, looking at the current situation, it looks like the effect is not that big. however, we need time to look at the effects that can occur on the price of bitcoin. however, the price of bitcoin could be above $ 10k in the near future, but it looks like for now, we need to wait to see high prices.

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May 12, 2020, 05:41:11 AM
 #27

bitcoin will begin its new uptrend journey soon
It is already in uptrend since the last month. We saw 4.7k to 6k and then almost a touch of 9k yesterday 5hours before halving to 8k back again. This roller coaster is going up during this time but I am expecting a dump soon. It is the halving pump and a dump is imminent within the next few days. But the overall long term price will have an uptrend is what every user fells and thats why they buy bitcoin.

Quote
it will be better if a small alts season comes during the gap before the pump of btc
Thats the hidden desire is it not? Grin I know how bad the altcoin lovers are feeling, those who bought chunks of shitcoins during a dump and they never rose back anymore, with developers selling the projects away to cutting off all communications, what more do you expect from projects that were made to fail and steal money? The top 4-5 alts are still good though but bitcoin should be the main focus.

 
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May 13, 2020, 10:04:18 PM
 #28

bitcoin will begin its new uptrend journey soon

it will be better if a small alts season comes during the gap before the pump of btc

the possibility of bitcoin will move to the lowest point when half of bitcoin occurs, after that it might take time to increase its value again, but I believe the price of bitcoin will experience a sharper trend to increase when half of bitcoin occurs, as history has happened in years- previous year.
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May 13, 2020, 10:23:45 PM
 #29

Halving bitcoin has happened and we can already see and know about what happened after the halving bitcoin event and indeed, the event so far has still had a positive impact but at least the big pump will not happen quickly in the near future, but at least we will see if the end of this year and or early next year will be the crypto season, let's look forward to it.

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May 13, 2020, 10:30:46 PM
 #30

Halving bitcoin has happened and we can already see and know about what happened after the halving bitcoin event and indeed, the event so far has still had a positive impact but at least the big pump will not happen quickly in the near future, but at least we will see if the end of this year and or early next year will be the crypto season, let's look forward to it.
There is really good impact on BTC, we can just see it and nowadays it is just around 10k. Maybe in the next days, we will see The best price of BTC. Then as you above mentioned altcoin season has to come, but when? none can predict it. It is just indefinite for everybody. But we realize the market and can see it is just near and will happen as soon as, maybe as you said the end of the year or early will be the crypto season.

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May 13, 2020, 10:38:03 PM
 #31

bitcoin will begin its new uptrend journey soon

it will be better if a small alts season comes during the gap before the pump of btc

the possibility of bitcoin will move to the lowest point when half of bitcoin occurs, after that it might take time to increase its value again, but I believe the price of bitcoin will experience a sharper trend to increase when half of bitcoin occurs, as history has happened in years- previous year.
Do you mean bitcoin halving event? You may wrong to say half of bitcoin, or there is another event who called as half of bitcoin?

More than that bitcoin halving event is already happened exactly in 12 May 2020 ago. Also your prediction is wrong, the fact bitcoin had increased and touched $10.000.

However, a few days ago after bitcoin price risen to $10.000 it was fallen again to $8700. Seem like there are many investor who sell at $10.000 because there are a lot of speculation that bitcoin will reach $10.000 before halving happened.
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May 13, 2020, 10:49:30 PM
 #32

Many persons anticipated a huge spike in the price of bitcoin after the halving but things did not go that way, we may see some dumping as a result, bitcoin will eventually spike. A lot of  alts are shitty coins and may never see much growth. The increase in bitcoin dominance tells the story on the worth of many alts
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May 18, 2020, 10:32:23 PM
 #33

However, a few days ago after bitcoin price risen to $10.000 it was fallen again to $8700. Seem like there are many investor who sell at $10.000 because there are a lot of speculation that bitcoin will reach $10.000 before halving happened.
The price is trading around $8500 to $10000 and the price will try to break the resistance and if it does not happen then you can even expect a correction. I am expecting a good correction before the rally starts.

Many persons anticipated a huge spike in the price of bitcoin after the halving but things did not go that way, we may see some dumping as a result, bitcoin will eventually spike. A lot of  alts are shitty coins and may never see much growth. The increase in bitcoin dominance tells the story on the worth of many alts
There is anticipation but the price of bitcoin will not rise just after halving, if anyone expected the magic genie to explode right after halving, then they are just dreaming, the alt coin market does have a lot of dead projects and coins which have no use and those coins will die eventually. The dominance of one coin does not make them better than the other, we will see what all coins will survive in the next ten years.
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May 18, 2020, 10:41:49 PM
 #34

I believe that over time, cryptocurrency will only develop and improve and the next growth season will not take long. Bitcoin along with altcoins will again receive a record price and even higher than it was in 2017.

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May 18, 2020, 10:57:36 PM
 #35

Well, I'm quite excited about the uptrend that Halving will bring. However, looking at the current situation, it looks like the effect is not that big. however, we need time to look at the effects that can occur on the price of bitcoin. however, the price of bitcoin could be above $ 10k in the near future, but it looks like for now, we need to wait to see high prices.
Seem like we need more a patience since bitcoin just stable at $9600-$9200 even if this continue I believe that bitcoin will dump soon. There will be many investor who expected to pump for bitcoin price but it is not happened. Whereas we already know that the cost to mine is high enough and that will make some miners decided to go out and make the bitcoin hash rate decreased. I think that is one factor who will make bitcoin price slump down. A
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May 18, 2020, 11:04:55 PM
 #36

We could predict what would likely happen to the market, most especially bitcoin, but most times, our predictions are wrong. In fact, we tend to be taken by surprises. Although not everyone expected big change before the halving, however, the little it was also able to d do, some didn't expect. it is possible that even if the market will make corrections, it might not be so pronounced and the next right be a fast price growth.
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May 18, 2020, 11:21:33 PM
 #37

bitcoin will begin its new uptrend journey soon

it will be better if a small alts season comes during the gap before the pump of btc
Not so sure about that. Bitcoin volatilty just show that we may not end up the same journey like the last time it went ATH. Halving surely decrease its supply but will miners stays as it is? Of course there are some who loses their apetite to continue due to the rewards being cut by half. Im not sure but we can feel its effect as the miners fee increases by fold and this is because of lack of enough pool to accept those hashes.

The only way miners can benefit is to assure the btc value to increase so even with smaller reward they can still earn almost same for the expenditures they are occuring.
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May 19, 2020, 01:36:46 AM
 #38

It is better as you said but we can't be sure of what will happen to the altcoins.
 They may have that good season before btc finally pump. Actually it is starting to pump now as well as some of the altcoins. But the fact that it may end the last price circle isn't sure yet.
 
 It is hard to expect some market trends. Since halving ended, more investors are looking forward for that huge price pump that will going to happen.
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May 19, 2020, 01:40:32 AM
 #39

I don't have a concrete stance on this yet but I do approve of the reduced sell pressure and it may increase price slowly instead of doing a crazy pump like most people want.

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May 19, 2020, 01:57:59 AM
 #40

The price is trading around $8500 to $10000 and the price will try to break the resistance and if it does not happen then you can even expect a correction. I am expecting a good correction before the rally starts.


I wish we could have this kind of wild swings forever lol.
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