Bitcoin is Up by 16% Post Halving

[Sanugarid]

So, basicly there is no.significant growth caused by halving.
This percentage isn't much and I'm not so sure that this 16% rise is actually the direct consequence of halving because even before that the price was slightly rising.

We cannot conclude anything, but for the price to reach $10K last week I guess there is quite an impact made by the halving event, it is just that things happened is not on what we expected to be, speculations are high before the halving, some says that it will fall, some says that it will rise but then the price stays at a very short range. We should have put consideration to the halving that the price of bitcoin was not as it was 8 or 4 years ago coz people based their assumptions historically which gives nothing at all.

We'll see what happens next but I don't expect some big post halving impact and price will probably stay in current range.

The price of bitcoin just feel down from $9800 to $9000, I noticed it when happens that there is a high liquidation on several exchanges especially with Bitmex futures trading. And as we all know there has been some movements early blocks that most of us that Satoshi is alive. But it does not conclude anything tho.

[hahay]

But the increase is still inconsistent because of the negative sentiments that occur making prices continue to decline day by day. Movement in this market is still very unpredictable despite three halving events, but anyway, this market will not return to zero just because there is a pandemic event that is very bad because the recovery will definitely happen and we just need to be patient and not need to panic with the crashes that occur.

[snipie]

But the increase is still inconsistent because of the negative sentiments that occur making prices continue to decline day by day. Movement in this market is still very unpredictable despite three halving events, but anyway, this market will not return to zero just because there is a pandemic event that is very bad because the recovery will definitely happen and we just need to be patient and not need to panic with the crashes that occur.

Indeed. I don't feel that the current bitcoin price level is solid enough. Maintaining +9k is still difficult with people pushing to sell and making profits. ~$9,050 for the moment which is approximately $500-700 drop from what used to be, well volatility sure but I have a bad feeling, hope i am wrong!

[rexxarofmoknathal]

Might want to check it again, Bitcoin is now trading at around $9000 after collapsing by $400 earlier today.

I think there's a lot of room still left for further losses, but I don't imagine we'll continue spiralling for more than a couple months or so.

It's playing out exactly the same as the last halving. Brief pump before, flatline, then dump (today).... The only next step is another huge pump, similar to that seen in 2017, but that might take a couple years.

[Haunebu]

but anyway, this market will not return to zero just because there is a pandemic event that is very bad because the recovery will definitely happen and we just need to be patient and not need to panic with the crashes that occur.

Zero? I feel that is an impossible scenario. The only way this can actually happen is if all traders convert their cryptocurrencies into FIAT or if the whole world loses access to the internet permanently.

It's playing out exactly the same as the last halving. Brief pump before, flatline, then dump (today).... The only next step is another huge pump, similar to that seen in 2017, but that might take a couple years.

Couple years? Doubt it. I think that the huge pump that you are talking about will probably happen sometime next year itself when this entire COVID situation is neutralized. The price will probably soar to a new ATH.