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Author Topic: the halving will end the downtrend of the last price circle  (Read 432 times)
aofiee (OP)
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May 11, 2020, 04:27:16 PM
 #1

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
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May 11, 2020, 05:03:01 PM
 #2

Bitcoin will likely take a massive dump after the halving, but YES, I do agree that in a few months the markets will start to recover, and altcoins will see their old glory again. A lot of projects have developed SO much since the last run, amazing tech to be honest, so the next peak will likely be MUCH larger.

Stakenet which is a low cap project is one of those I'm the most impressed about. They have built their own multi currency wallet with an inbuilt DEX with Lightning Network integration, meaning you can trade and send/recieve BTC and LTC instantly with very low fees. This has never been seen before, so I'm sure the upside potential on this one is truly massive.

I can name a ton of other projects, just do your own research, and invest with responsibility.  Smiley
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May 11, 2020, 05:18:08 PM
 #3

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

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May 11, 2020, 06:00:33 PM
 #4



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

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.

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May 11, 2020, 06:13:48 PM
 #5

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
We are long enough waiting for that to happen that Altcoin will make their own move, and not only be base in btc price pump.
 I don't know if this thing will happen this year but hopefully it will before the hype will be done in bitcoin alone . they need to make their own move so every trader can get profit even f it is just or short time .


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May 11, 2020, 06:24:57 PM
 #6

Although i am bullish about post halving btc scenario specially for mid to long term but 1 to 2 months after halving may not be as bullish as many are expecting and i will consider btc bullish if it breaks 11.5k and then 14k and finally 20k. These are massive resistance levels that will decide the price range and to start para olic run these levels must be broken.

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May 11, 2020, 06:28:21 PM
 #7

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
I agree with you, BTC is still in the downtrend phase, but I believe after this decline is a big pump.
I firmly believe that any of us interested in cryptocurrencies wants a new altcoin season. Hopefully, this will happen soon this year.
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May 11, 2020, 06:44:15 PM
 #8

That won't happen in the way that everyone will expect. Dump is already happening now and people are concerned of the next move. That's how it will be for those that knows how it's played. Price will rise after the dump is over.
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May 11, 2020, 06:58:50 PM
 #9

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.

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May 11, 2020, 07:12:31 PM
 #10

I believe alt season is just going to be next after the bitcoin pump. I'm basing it through the sequence on eoy 2017 and early first quarter of 2018 when most alts pump.
Let's all hopeful that we're coming to the real bull run this time.

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May 11, 2020, 07:28:17 PM
 #11

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 don't think it's right to expect too much in this situation. (this is just my opinion). Because after pumping bitcoin pre halving is still going down trend which is not stable yet. Now if Bitcoin dumps big again then altcoin will also dump. Again if bitcoin suddenly pumps huge then there is a chance of altcoin being dumped. So it is difficult to make any decision at this moment. Let me make my own decision, I will wait two more days before buy any altcoin. Because it is dangerous to trade without looking at the direction of the market.

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May 11, 2020, 07:38:18 PM
 #12

A lot of people are starting to believe the halving will have positive impact in the price of the bitcoin which might result in massive dump. however, I hope you know there are some level of resistance that bitcoin will break. People take profits and this lead to correction of the price
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May 11, 2020, 07:49:38 PM
 #13

Seeing from past halving history about 120-150 days after bitcoin halving that is the time bitcoin went up. I hope it will happen this time too. Halving just happens so I don't expect it will go uptrend now automatically it will take time but I hope soon. I am not a miner so I won't be feeling the changes maybe in terms of price. It is actually my first time witnessing bitcoin halving, I spend it with Binance live event on youtube, gaining some halving knowledge from those experts.
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May 11, 2020, 08:17:53 PM
 #14

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.

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May 11, 2020, 08:40:03 PM
 #15

The best time for Bitcoin to surge was before the halving, now that the halving met dumps I think we will see more dumps, it will take few months for Bitcoin to start surging big, also remember that asic miners are now outdated, miners needs to sell and get new Asics that aren't even released yet until June - July 2020

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May 11, 2020, 08:56:25 PM
 #16

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
It looks like you must learn how the crypto cycle work from the last halving. it will be an uptrend for the long term but not for the short term. The price of bitcoin is still very volatile at this moment.

Small altcoin season has already begun and the bearish trend is something that is not yet coming in..

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May 11, 2020, 09:01:32 PM
 #17

should have done halving bitcoin then the price of bitcoin and altcoin should be very expensive because bitcoin will be more difficult to obtain but if the current price of bitcoin is not interesting then bitcoin will be more difficult to increase demand must increase with the needs and demands of the market.

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iconoclast
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May 11, 2020, 09:09:05 PM
 #18

Halving is a bit of a nothingburger for everyone except miners. They are the only ones that should see any real effect. Lots of machines will no longer make money and will need to be repurposed or scrapped. The fact there will now be an average of 900 new bitcoins produced each day instead of 1800 is not going to have any real effect on the supply/demand equilibrium of a market of 18 million coins. The only change users are likely to see is the smaller number of miners will probably mean higher transaction costs in the short term until the high fees bring more investment in new mining machines.

cytpoway121
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May 11, 2020, 10:07:50 PM
 #19

The halving took place and I have to say it has been quiet in the market tonight.

There has been little signs of altcoins bull run a little, but there should be more. This is the time to be very watchful of you invest short term, you cannot get carried away.
ballerin and giroud
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May 11, 2020, 10:16:16 PM
 #20

In a weekly trend at least for 8 weeks bitcoin price always close its price in the green candle, but now per 10 May its price has closed in the red candle and I think that has pointed out bitcoin will meet a bearish market first after that we will see its pricr touch more than 10k. It is just my prediction but hopefully there will be an event namely black swan and which make bitcoin price goes higher. It will be impossible since there are a lot of good information that spreading at least it can make bitcoin keep in the bullish trend.
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