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Author Topic: The excitement is over, what's next?  (Read 812 times)
mahilchii (OP)
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May 12, 2020, 04:42:46 PM
 #1

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.

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May 12, 2020, 04:50:43 PM
 #2

Nobody knows, miners still do their usual thing.

Even after almost 1 day of the halving, prices are still within the high 8K. Depends on whether those whales want to realize their profits and start the massive selloff.

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May 12, 2020, 04:52:17 PM
Merited by asu (1)
 #3

what's next? of course it is the actual excitement that is going to slowly start as we will also slowly see the real effects of halving that is seeing about 900 new bitcoins created every day instead of 1800 bitcoin. that is about $7.8 million less bitcoin being sold so if the demand stays the same the price has to rise. and that's not right because demand is increasing with adoption so the rise has to become even faster.
but it probably won't start for a little while since the effects of halving hype takes time to wear off.

There is a FOMO brewing...
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May 12, 2020, 04:57:53 PM
 #4

...
In addition, this covid-19 makes it far more slowly as it affect the market somehow at some point.

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May 12, 2020, 05:02:42 PM
 #5

kindly share your opinion guys.
For us bitcoin holders, every day is an excitement. It's a never ending event. So nothing is gone.

We hope we find a vaccine and until then prevention is the best strategy to save you and your family from Covid-19.  If one is afraid to lose their job and stuffs then it's the best time to learn some skills and find something online. We are moving towards the virtual era very fast. You can do almost everything with the connection of an internet except having real sex 😝

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May 12, 2020, 05:04:54 PM
 #6

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.
The hype is still out there and even BBC news made an effort to make an article about it.  Grin
https://www.bbc.com/news/business-52628034
Oh! and this forum is also filled with it.
Sadly most of it is about when the price hike will be.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.
Yeah, it will go down to $3k. With all this hype we can expect that.  Grin
Maybe it will or maybe not. We are all unsure of what the future will bring.
This stability may happen to be because of COVID19 which is still out there.
We should focus on that more. It will be happier if we are all still alive to see bitcoin grew as an adult.
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May 12, 2020, 05:05:59 PM
 #7

Don't expect that bitcoin price will go up right away because of halving it takes time, If you look on past history of having several months or 120+ days  after and the price started to went up. But it is just base on those past events. We don't really know what will happens next, we can only hope that history will repeat itself. But I have no doubt that bitcoin will reach new ATH soon.  Yes, this covid crisis really affects everyone I hope it will end soon.
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May 12, 2020, 05:06:45 PM
 #8

Stocks and bitcoin have been correlated a lot. I would say it depends on what the stocks gonna do next because it is a lot bigger market than crypto.

And to stocks make an upwards move, we need positive covid19 news.

If the current situation continues, stocks either go down or stay same at best which answers your question about bitcoin too.

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May 12, 2020, 05:25:11 PM
 #9

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.
We may feel  another lower price of bitcoin by this month until next month how ever if you  check previous chart of bitcoin for every halving they are always increase the price always when the halving start.

Those economy affected by covid,will not be the reasons for bitcoin to be at his lower price there must be other reasons if these will happen.

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May 12, 2020, 05:27:53 PM
 #10

Now?
Nothing...
Maybe in one year...
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May 12, 2020, 05:40:06 PM
 #11

Next it's all about patience. And hope. Both things that are painful to consider when you're dealing with your personal assets
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May 12, 2020, 05:47:30 PM
 #12

If someone was excited about the halvening thinking that it will send the price to the moon the moment rewards gets cut in half, then such people only set themselves up for a huge disappointment. Everyone with the slightest understanding of crypto understands that halvings are largely priced in due to their predictable nature, and it will take a long time to see their effects. So, what happens next is that the market will be slowly turning more and more bullish until months from now we will break past the current resistance levels and enter a new great bull run.

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May 12, 2020, 06:13:50 PM
 #13

    I don't know what will happen in the short term with the price of Bitcoin, because my investments in BTC are long term. This halving of BTC production should benefit from a price increase, because there are double costs for producing a BTC. But whales have the last word. They most influence the BTC price. I don't ask myself too many questions during this period, I just wait for the situation to be favorable for me.
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May 12, 2020, 06:45:08 PM
 #14

This should go to the price speculation board.

BTC Halving is over, there were lot of speculations on this but the majority failed.

You yourself have answered your query. In my opinion, no one here knows what will happen next?

All I know after this halving is that the next is in 2024. The demand for Bitcoin will grow but the supply is less now.

If history repeats the price should remain stable and whatever action you were expecting should happen next year.



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May 12, 2020, 06:55:08 PM
 #15


Too early to say if its going rise when halving had just started.  Adoption is already here and the demands will increase for sure while the supply of the BTC is cut in half. I guess we all know what could happen. Some people expect the price to start growing in the next 3 months but whatever. There is nothing left to do anyway but wait.

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May 12, 2020, 06:57:39 PM
 #16

Next it's all about patience. And hope. Both things that are painful to consider when you're dealing with your personal assets
I'd put it this way rather, it's difficult when you invested to make quick profits from the halving, as for your personal assets, that's what every investment is about, it's your funds you invested and it's your ROI you expect to sip out of it.

Patience will help, but It's more of investing when you understand what the effects of the halving possibly could be(not only looking for quick ROI)and also take account of what halvings that came before unfurled for investors and traders after they happened. Bitcoin holders/investors from over the years would have no problem on anything that the next few months brings,(post-halving)you know by now those who will panic with FUD already.

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May 12, 2020, 07:11:40 PM
 #17

Life goes on for miners, traders and normal users alike. The halving hype easily wears off that's for sure, but it sometimes is a precursor of what's yet to come in the coming weeks/months as evidenced by the 2016 halving which set a somewhat slow pace for the 2017 bull run that we all know and loved. Anyway, it's just a day or two from the halving conclusion to already ask for more than what is offered in front of our eyes. More price action would come weeks after the halving itself, so there's that.

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May 12, 2020, 07:19:04 PM
 #18

Here we go the much anticipated price of BTC Halving is over, there were lot of speculations on this but the majority failed, however I guess it still remain stable Even in this tough situation.

So what's next? Will the price go down or it will remain stable or it will pump? In my opinion the price may go down as this COVID-19 has affected very very badly which may cause investors to sell their assets.. kindly share your opinion guys.
You know, no one knows whats going to happen to the price, right? So, asking people what will happen to the price next is useless. Most people will likely feed you with wrong information or just try to "force" their opinion on you.
How about you do your own research? Try to understand who are mainly going to be affected by the halving, what are the things they might do and so on. You might get what an idea about what the price might be in the future.

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May 12, 2020, 07:47:29 PM
 #19

These are price forecasts for the coming months and in my opinion it will be so:

BTC to USD predictions for October 2020.
In the beginning price at 9293 Dollars. Maximum price $11535, minimum price $9293. The average for the month $10225. Bitcoin price forecast at the end of the month $10780, change for October 16.0%.

Bitcoin price prediction for November 2020.
In the beginning price at 10780 Dollars. Maximum price $11024, minimum price $9582. The average for the month $10422. Bitcoin price forecast at the end of the month $10303, change for November -4.4%.

BTC to USD predictions for December 2020.
In the beginning price at 10303 Dollars. Maximum price $10303, minimum price $8049. The average for the month $9328. Bitcoin price forecast at the end of the month $8655, change for December -16.0%.

Bitcoin price prediction for January 2021.
In the beginning price at 8655 Dollars. Maximum price $10201, minimum price $8655. The average for the month $9261. Bitcoin price forecast at the end of the month $9534, change for January 10.2%.

BTC to USD predictions for February 2021.
In the beginning price at 9534 Dollars. Maximum price $9534, minimum price $7660. The average for the month $8741. Bitcoin price forecast at the end of the month $8237, change for February -13.6%.

Pandemic crisis does not specifically work on Bitcoin.
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May 12, 2020, 08:23:07 PM
 #20

we do not know for sure what will happen to the price of bitcoin in the midst of a sharp crisis at this time of course everyone needs money to make ends meet. inevitably some of them are willing to sell bitcoin forcefully, if it is done simultaneously by everyone in the middle of the current pandemic it will certainly affect market prices. however, we should be able to look at history beforehand, when bitcoin reduces by half it is likely that there will be an increase after that

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