BitcoinsGreat (OP)
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May 15, 2020, 07:54:32 AM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
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DeathAngel
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May 15, 2020, 09:15:31 AM |
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We could an ATH in 2020 but I think it’s more likely in 2021, I think it takes a while for the halving to take full effect so we might have to wait a while.
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amishmanish
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May 15, 2020, 09:30:01 AM |
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Who are these people who are waiting for an ATH? What is the reason that there'll be an ATH. The last one was due to unprecedented interest in crypto overall and millions of newbies buying BTC to convert it to ETH to buy ICO tokens and then convert them back to BTC again when things pumped. There has been no other fundamental change to Bitcoin that warrants a new ATH. Halving historically leads to FOMO but most of the market has factored in that novelty now. Plus, Halving from 50 to 25 or 25 to 12.5 may seem a big deal. 12.5 to 6.25?? not so much. Frankly, i don't expect an ATH till something fundamentally changes in terms of institutions and businesses using bitcoin. Sadly, matters have been quite subdued on that end for a long time. LN has been waiting for adoption and completion for a pretty long time. Things to watch out for: 1. Implementation of Schnorr sig and taproot making multisig much more efficient. 2. LN maturing enough with significant and easy merchant uptake as well as consumer usage. 3. More academic interest in bitcoin specific smart-contracting initiatives like Simplicity, Drivechains or even Rootstock
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mk4
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May 15, 2020, 10:00:06 AM |
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Could be this year, or this month, or next year, or in the next 5 years. One thing's for sure in my opinion— it will reach all time highs sometime in the future. It's just that we don't have a magic crystal ball to predict when.
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NeuroticFish
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May 15, 2020, 10:05:42 AM |
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There has been no other fundamental change to Bitcoin that warrants a new ATH
Halving should (in theory) sooner or later make the miners sell less Bitcoin on higher prices, because they now work more for much less coins. Also FOMO rush is fueled by people's expectations (social engineering helps there) and a bit of market manipulation here and there. Technological advancement would be a big plus, but a new bubble can easily start without that too. The problem is that the more the people expect/want/push towards a big price increase, the more the chance it'll be just another bubble, which, when it'll pop, will leave even more people with a grudge against Bitcoin. PS. My vote goes now for 2021 too.
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tabas
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May 15, 2020, 10:30:49 AM |
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Just think ahead to 2021 onwards. That's what the majority is thinking of but it's all rumors and nothing to be accepted as the exact thing to happen. We're all speculating and no way to know what will be the exact situation that bitcoin will be in this year or for the next consecutive years to come.
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Wind_FURY
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May 15, 2020, 10:31:56 AM |
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We could an ATH in 2020 but I think it’s more likely in 2021, I think it takes a while for the halving to take full effect so we might have to wait a while.
Zoom out. The length of days between the halving day, and a new ATH for Bitcoin is taking longer and longer. So, the the probability for another ATH should happen on 2022 in my opinion.
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Reatim
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May 15, 2020, 10:35:46 AM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
Nope not everyone are looking for all time high like you because we have learned our lesson and we rather expect enough than huge profit for our own safe investments. 2020 halving goes together with the biggest crisis world has ever known since the world war II so we must consider the effect of this for the crypto market. So for me?there will be a ATH but not this year,possibly next year but as what i said expect enough only and don’t push to hard by expectations.
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imstillthebest
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May 15, 2020, 10:39:57 AM |
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yes many people speculate good stuffs compare to bad stuffs when it comes to halving .add in the fact that people are so excited to witness the result so they will just say that ath will come this year .
some says next month or two. i dont know the history of halving but still i wont believe that it was based on patterns. time now is different than before , many people now are joining crypto so im with those people that say halving will happen this year .
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Taskford
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May 15, 2020, 10:56:13 AM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
Don't expect to see something great the same on what happen on year 2017 since we have different situation but maybe we can feel the real effect of halving in year 2021 since this is a clear year and for sure the trust of people will comeback since many will recover from economical loss due to the pandemic happening for this year. But don't expect for $20,000 ATH since maybe the figures that will came out maybe not the same on that year.
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gentlemand
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May 15, 2020, 11:06:23 AM |
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The odds of it happening in 2020 seem very low to me and I never expected it to happen. 2021 would be great but who knows? There's a lot of weirdness and damage to play out yet. I'll stay put and see what occurs.
That weirdness could possibly work the other way too of course. If enough people decide Bitcoin is going to be their vote with their feet against the existing system it could get rather intense rather quickly.
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DabsPoorVersion
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May 15, 2020, 11:09:09 AM |
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So do you think that bitcoin will touch ATH in 2020 ?
I think it is not, Previous ATH takes a couple of months before it achieves new ATH. Just like in 2016, after the halving, the price of bitcoin does not spike after a month or so. Previous ATH happened last December 2017, it means it took a year before it achieves new ATH. If history will repeat itself, maybe the expected new ATH will happen this coming 2021.
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YuginKadoya
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May 15, 2020, 11:15:50 AM |
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Not because it is halving there is a guaranteed surge for the price of Bitcoin, and this halving I think is not so bullish after all because there is a pandemic going on I think that is the case why there is not a sudden movement going up, pretty much because of many countries economic movement is in a halt, and the last ATH is because of an abnormal buying trend of many people,
I think we are still in a good price range and if this keeps up we might get the $10,000 USD in no time but there is no plausible answer yet until many countries are succumbing in a pandemic situation at the moment.
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kayvie
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May 15, 2020, 11:31:18 AM |
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Who knows when this ath will happen but we should not expect it to happen, because it is too soon yet. We should know that even if halving was done already, it will take time before we can feel its effect. I bet 2021 to 2022 before we can see the ath.
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nicecrypto
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May 15, 2020, 11:35:07 AM Last edit: May 15, 2020, 11:46:33 AM by nicecrypto |
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I also read that 2021 - 2022 will be great for crypto, some analysts predict another ATH, I think that is the right time for btc to shine, maybe all the different good news that has been happening to btc will now reflect on price together with the halving expectations, so hopefully 2021 will be another great year like 2017, the economy will be on the process of recovery and things have gone back to normal.
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carlisle1
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May 15, 2020, 11:37:49 AM |
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yes many people speculate good stuffs compare to bad stuffs when it comes to halving .add in the fact that people are so excited to witness the result so they will just say that ath will come this year .
Not all we want may happen just like this Halving as we can see nothing that gives us profit until now after almost a week of the even but of course we consider the pandemic thats why there is a delay in the effect. some says next month or two.
Or it can take a year or more,nothing is certain and that's the fact. i dont know the history of halving but still i wont believe that it was based on patterns.
halving reward is getting lower each time so that means miners won't feel it this time that much. time now is different than before , many people now are joining crypto so im with those people that say halving will happen this year .
what do you mean by halving will happen this year?we have already passed the event couple of days ago .
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rhomelmabini
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May 15, 2020, 11:41:44 AM |
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That's for the market to decide or should I say miners as the prime factor. It's all speculation but we will get there and this thread will have it's child - Bitcoin Soaring High. Up We Go. We can expect, we always expect.
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maydna
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May 15, 2020, 11:44:59 AM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
Everything can be possible to happen. Bitcoin can touch ATH in this year or next year, that will be up to bitcoin, and that will depend on the people who buy and sell bitcoin. But if the ATH can happen before December 2021 and it's happening on this year, then that will give happiness to us, especially for people who hold their bitcoin from a few years ago. It's better to enjoy this moment and keep trying to buy bitcoin when the price is down so we will have a chance to sell bitcoin at a high price. I am sure many people still waiting for the ATH while they still buy more bitcoin before the price jump to the higher price, and they can be late to make a profit.
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Taskford
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May 15, 2020, 11:57:22 AM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
Everything can be possible to happen. Bitcoin can touch ATH in this year or next year, that will be up to bitcoin, and that will depend on the people who buy and sell bitcoin. But if the ATH can happen before December 2021 and it's happening on this year, then that will give happiness to us, especially for people who hold their bitcoin from a few years ago. It's better to enjoy this moment and keep trying to buy bitcoin when the price is down so we will have a chance to sell bitcoin at a high price. I am sure many people still waiting for the ATH while they still buy more bitcoin before the price jump to the higher price, and they can be late to make a profit. Possibilities are there always but we should be aware that there are certain factors that can contribute the bitcoins growth and for the current events happening I can see that these are never helping especially we are on halving season already, Maybe we can see a good pump in year 2021 and hopefully we can see a nearest price the same on 2017 halving but for now I agree with you let's enjoy the opportunity first given by the volatility of the bitcoins these days.
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Jating
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May 15, 2020, 12:03:20 PM |
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Halving is over but now everyone is waiting to see bitcoin go to All time high again. Many people say that it may touch a lot earlier to its ATH and we may not need to wait for December 2021. So do you think that bitcoin will touch ATH in 2020 ?
No one really knows for sure, definitely we wanted to see new ATH but at what cost? We will go to another bubble and then follow by a massive dump? Much better to see the market goes on its natural course. And I doubt that we can see it this 2020. Still a long way to go before we can eventually hit all-time-high. Besides, we have to ask where the FOMO should come to get to at least $20k and then sustained it to see bitcoin even higher to breach ATH.
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