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Topic: Can bitcoin halving make cryptocurrencies reach all time high again? (Read 2388 times)

Abiky

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 13, 2020, 06:59:12 PM

#121

Quote from: AniviaBtc on May 10, 2020, 07:48:43 AM

Possibly maybe a year after halving, just like 2016 halving, in December 2017 the price of bitcoin reached an all time high $19650 that time and it is more likely that in 2021 maybe bitcoin also reach another all time high. We just need to continuously contribute to the mass adoption of people in using bitcoin in many transactions and as a store of value. It is not that easy to make predictions because there are also other factors to consider when it comes to bitcoin's price, that's why you always need to watch news and article so that you're updated about the happenings in the market and the world. But all holders are looking forward for its price to increase again, we just need to wait for the right time to buy and sell bitcoin.

Agree. Prices could go higher than before after a year or two from now. This is based on previous Bitcoin halvings where the pioneer cryptocurrency had a "roller coaster" ride on the market. With every halving event, comes a lot of hype from people in the mainstream world. Sometimes the effects are quick, and sometimes it takes a little longer than usual. Expect to see some discrepancy in hashrate and wild fluctuations in price for the rest of this year. The beginning of 2021 might be a bright one for Bitcoin and other cryptocurrencies on the market, once the vaccine for COVID-19 (hopefully) is released to the public. The world's economy will rise again, and there will be renewed interest into Bitcoin and other altcoins.

I wouldn't worry much about Bitcoin's price though, as it's all about utility than anything else. For now, Bitcoin is useful as a decentralized store of value outside the scope of central banks and governments alike. As long as I'm able to send/receive money without restrictions (unlike a bank), that's all that matters right now. Remember, 1 Bitcoin will always be equal to 1 Bitcoin no matter what. Most people determine Bitcoin's value on Fiat, since it's been the standard unit of account in the global economy. But if we base crypto's value solely on Bitcoin, things would've been different. The volatility in price is relative to Fiat instead of crypto. When you pay directly in Bitcoin, work directly for Bitcoin, and do many other things with it without relying on Fiat as a unit of account, you'll get a different perception of Bitcoin's value. Still, we cannot avoid people from determining the price of a Bitcoin in terms of Fiat. At least, every halving makes Bitcoin scarcer which should lead towards higher prices in the future. Just my thoughts Grin

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Sanugarid

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 13, 2020, 07:25:04 PM

#122

Quote from: thirdkiller on May 11, 2020, 08:33:27 AM

Now it is difficult to predict anything. We'll find out soon enough.

After of all the prediction that we have had it seems like that proves the bitcoin more unpredictable now, the harder we speculate the harder it gets to be true. Historically we have seen the price of bitcoin pumping before the halving, we only made it til $10K so I guess that was the final bar raised this halving no? Or we are getting another some time to let it happen coz we are on a completely changed environment?

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 13, 2020, 08:43:02 PM

#123

Quote from: KarlKanKarl on February 25, 2020, 10:51:37 AM

There are times I will sit down and think about bitcoin halving and when cryptocurrencies will reach new all time high. The last time it happened was in 2017 for strong cryptocurrencies like bitcoin.

if we could double the current price (therefore $ 18k) it is likely that we will test the ATH quite easily and after the ATH there would be (as experience shows) the moon.

Due to the resistance and the mechanism of the FOMO it is VERY (but VERY) the most difficult to double the price from where we are now that to quadruple or quintuple once the previous ATH has passed.

The difficult (it is not at all obvious) is doubling in price from where we are now. The later would be the easy part.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 13, 2020, 10:44:22 PM

#124

Quote from: Sanugarid on May 13, 2020, 07:25:04 PM

Quote from: thirdkiller on May 11, 2020, 08:33:27 AM

Now it is difficult to predict anything. We'll find out soon enough.

After of all the prediction that we have had it seems like that proves the bitcoin more unpredictable now, the harder we speculate the harder it gets to be true. Historically we have seen the price of bitcoin pumping before the halving, we only made it til $10K so I guess that was the final bar raised this halving no? Or we are getting another some time to let it happen coz we are on a completely changed environment?

Where did you see or get that history?
If you look at or check previous posts, at least you will know what happened about the halving itself and when the ATH was reached.
Look at the previous post from @seoincorporation with image.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 13, 2020, 11:15:24 PM

#125

It is possible even predictions like $200,000 or $500,000 may sound crazy right now but Bitcoin will someday definitely reach it. Look at some countries like Venezuela and Zimbabwe they all switched to Cryptocurrency due to hyperinflation because of banks endless printing of money and in time that will also happen to all Fiat currencies because of its flawed system.

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Abiky

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 21, 2020, 10:24:40 PM

#126

Quote from: giammangiato on May 13, 2020, 08:43:02 PM

That's certainly true, mate. We'd need to cross $20k first, before talking of a new ATH for Bitcoin. It seems that there's heavy price manipulation on the market by whales preventing Bitcoin to get past $10k. That and the "futures" market could have been preventing Bitcoin to go towards new ATHs in price. If manipulation continues, we may never see a new ATH for Bitcoin again. As long as Bitcoin mining remains profitable for big miners, there won't be a reason for prices to go any higher. Some people consider Bitcoin to be overvalued, while others think otherwise.

What's important is not the price per Bitcoin in terms of Fiat, but rather its utility in the mainstream world. As long as you focus on Bitcoin's usage for truly decentralized payments, nothing else matters. I've seen many jobs paying directly in Bitcoin, and even shops accepting it. One Bitcoin will always be equal to one Bitcoin no matter what. While Bitcoin's deflationary design tells us that the price should go higher over time, it's certainly not a guarantee it'll be that way. For instance, the third halving had little to no effect over Bitcoin's price. No one knows if the upcoming years before the next halving, Bitcoin's price will be a lot higher than $20k. As long as there are greedy whales in play, it seems very unlikely that the pioneer cryptocurrency will reach a new ATH soon. Just my opinion

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HardFacts

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 21, 2020, 11:16:11 PM

#127

Quote from: Sanugarid on May 13, 2020, 07:25:04 PM

Historically we have seen the price of bitcoin pumping before the halving, we only made it til $10K so I guess that was the final bar raised this halving no? Or we are getting another some time to let it happen coz we are on a completely changed environment?

EVERYTHING IS DIFFERENT NOW....

This is NOT the same bubble economy where bitcoin price skyrocketed due to the halving, those days are OVER.... The price increase due to the halving was already priced into BitCoin well ahead of the actual halving, everyone knew about it well in advance. The fact that BitCoin is now FALLING, just a week after the halving should worry everyone.

I know it will not worry " BitCoin Believers ", but it will worry rational investors... When disappointment and realization sets in, most people will sell any speculation on the halving and will result in BitCoin falling a lot more Embarrassed

Hard Facts

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 23, 2020, 07:38:16 PM

#128

Quote from: KarlKanKarl on February 25, 2020, 10:51:37 AM

There are times I will sit down and think about bitcoin halving and when cryptocurrencies will reach new all time high. The last time it happened was in 2017 for strong cryptocurrencies like bitcoin.

There are only 21 million btc to be mined. And, only 18,236,512 btc has been mined. Only 2,763,488 btc remaining.

I am just thinking that with the little remaining bitcoin, can the effect make the price of cryptocurrencies to reach new all time high. It sounds impossible to me but I know that the price will increase but may not reach new all time high.

Yes there is going to be a bull run now that the halving has taken place, but it's not going to be immediately, it's going to take some time. The day the Halving happened I didn't even know, because I wasn't checking the countdown. I just woke up and saw the news that the halving happened. I was a bit excited, but not because I thought that there was going to be a pump, it was just normal. I do know that as time goes on the price will increase.

But as per the last halving and its subsequent market reactions, we cane expect new ATH to happen in coming months. After first halving bitcoin prices reached $1000 for the first time and the 2nd halving took the prices to test around $20,000 and this time 3rd halving just happened and we cannot speculated where is going to be the new ATH; it may be 10x higher than the previous ATH.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 23, 2020, 09:36:30 PM

#129

Quote from: so98nn on May 06, 2020, 04:40:40 PM

Yes of course, this graphical presentation tells the story lucidly. I mean what proof we guys need rather than the history of bitcoin and its relation with the halving process.

Many factors get changed, I mean,
1. Miners reward will decrease and thus demand for powerful hash needs to be pushed into the pool.
2. This makes use of more electricity, machines and stuff to boost the cost of BTC in the market.
3. Most important, huge BTC stands virgin and miners focus on chasing them for higher OTC values.
4. Supply will decrease that is to be mined, and huge holdings in dark ledgers makes more demand in the circulation.

Based on these factors BTC will tend to rise ATH over the time.

Just like this guy said, it will take time. It will happen eventually, may be few spikes will come along the way, but ATH will be achieved in couple of months to a years time.

There is a difference in telling the story, and predicting the chapters yet to come. We see a history of Bitcoin markets, and I personally believe cycles are there to be seen, and believe quite strongly that cycles will yet repeat themselves.

But that doesn't make that story come true. I could still very well be wrong and, even if I'm right, at which part of the cycle we're in, I can only speculate.

As you say, many factors change too. 2010-2017's market depth and maturity and diversity can hardly compare to the past 3 years. It gets progressively more difficult every day for a whale to come in with a splash and have the same effect.

This all doesn't even take into account major external factors that we cannot possibly foresee.

It'll take time if this is indeed a cycle waiting to go into an upturn. That's for sure. But we can still never be sure if, or when.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 24, 2020, 08:09:21 AM

#130

Quote from: Arashizahn on May 24, 2020, 07:17:25 AM

The market situation really gives hope for growth

In my opinion it will not be as good as you write:

BTC forecasts to USD for October 2020
At an initial price of $ 7,298. Maximum price: USD 9059, minimum price: USD 7298. Average for the month: $ 8030. Bitcoin price forecast at the end of the month USD 8466, change at 16.0% in October.

Bitcoin price forecast for November 2020
At an initial price of $ 8466. Maximum price USD 8658, minimum price USD 7526. Average for the month USD 8,186. Bitcoin price forecast at the end of the month $ 8092, change to November -4.4%.

BTC forecasts to USD for December 2020
At an initial price of $ 8092. Maximum price: USD 8092, minimum price: USD 6321. Average for the month is USD 7,326. Bitcoin price forecast at the end of the month USD 6,797, change to December -16.0%.

Bitcoin price forecast for January 2021.
At an initial price of $ 6,797. Maximum price: USD 8012, minimum price: USD 6797. Average for the month is USD 7,274. Bitcoin price forecast at the end of the month at $ 7488, changing to 10.2% in January.

BTC forecasts to USD for February 2021
At an initial price of $ 7488. Maximum price USD 7488, minimum price USD 6016. The average for the month is $ 6,865. Bitcoin price forecast at the end of the month USD 6469, change to February -13.6%.

Forecasts are not good at the end of the year...

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 24, 2020, 08:40:38 PM

#131

It's very hard to predict right now because situation is very different from what we were expecting in this world. I mean that no one though if there was covid, capable of causing lockdown in countries. So if someone was predicting in winter or earlier that bitcoin would go this or that way, means nothing now. There isn't full image of economic crisis that we may feel in near future so it depends on people's mind, there is two way: people may sell bitcoin to get money for their daily needs or people will only trust bitcoin and some other cryptocurrencies and invest in it like a sight of starlight.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 26, 2020, 05:04:31 PM

#132

Frankly speaking, I dont think its possible to really say what long term impact Bitcoin Halving is going to have. In past, we have seen initial negativity around it before moving high. We need to try and help our self with handling this scenario right and for me, it is easier with Dsdaq, a viable Crypto Collateral-based solution for traders like me to handle the situation better while their customer service is also excellent to make me comfortable.

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 26, 2020, 05:48:56 PM

#133

It seemed that there was a lot of wishful thinking in the community regarding the effects of the halving. Twitter was full of "the halving will bring new hights or even bold predictions like BTC will go 50K - ok, that was unrealistic from the start but still, some got trapped in their own made up delusion of an ultimate movement. Especially those who were in for the quick buck, the lucksters and gamblers. Hodlers would know that it won´t happen to that extend

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 27, 2020, 04:23:39 PM

#134

Quote from: Piston on May 27, 2020, 04:15:05 PM

I think it will make a big difference. There is a lot of potential for the price of Bitcoin to go up, But it is difficult to say exactly when it will happen. There are many positive aspects to Bitcoin Halving. Many people have expressed their opinion that the price of Bitcoin will go up a lot. I will not say that it will not happen, but everyone has to wait and be patient.

The halving have already happened and the price is still the same and there isn't any effect on the total network hashrate of bitcoin, so the halving didn't have any bad affect on the miners as if mining would have become unprofitable for them then they would have left mining and the hashrate would also have dropped, but this isn't the case.
We should wait for a few months for the bitcoins price to start increasing again as the world is currently suffering from a very big problem which is Corona virus pandemic, so after recovering from it the world GDP will increase and then we can see the price increase of bitcoin.

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bobitza

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 28, 2020, 07:27:02 AM

#135

Perhaps everyone is waiting for Bitcoin to reach its peak ever. But I think this is really unlikely. Over time we have been heavily affected by the Covid-19 epidemic. No one dares to invest money while the social situation is very volatile. Investors in the cryptocurrency market are now focusing their attention on the Bitcoin Halving event. This has greatly contributed to the bitcoin market. We are waiting for a new step.

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wozzek23

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 29, 2020, 02:43:55 PM

#136

Quote from: Anish_Rocky on May 28, 2020, 12:02:03 PM

I don't think that this halving can make cryptocurrencies reach all time high But It can be possible if this forum get double users before next halving. I mean new numbers of people come this industry fast before upcoming halving.

But people are saying that there will be another all time high price because of what happened after the last two halving, but they are not sure about it. But judging from what happened before, I would say the next bull run is not going to happen this year. Last halving triggered bitcoin markets to reach its then all-time-high-price within the year and the following year bitcoin set a 20x higher new all-time-high.

Bull run is going to start from next year which is 2021, because thats how it happened after the Halving in 2016. It took from 2016 to around December 2017 for the bull run to take place and similar thing happened after the first Halving. Now its a good time to start investing if youre hoping to make profit from the next uptrend.

raidarksword

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

May 29, 2020, 03:18:18 PM

#137

Bitcoin halving makes more price support from investors and community supporters that will give more factor for bitcoin to rise up again. We might not see the quick effect of it because of the pandemic brought by covid-19 but surely it will come again in due time because i see bitcoin will always be a potential investment. With the third halving, this will increase demand as awalys people will always to stick to that, less supply more demands.

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Abiky

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

June 05, 2020, 06:26:30 PM

#138

Quote from: shield132 on May 24, 2020, 08:40:38 PM

We need to wait until the demise of COVID-19 to be able to tell markets' behavior in the mainstream world. While Bitcoin has quickly recovered to "pre-COVID" prices, it's still way below its latest ATH of $20k per coin. The third halving had little to no effect on Bitcoin's price within the short term. Maybe after 2 to 3 years from now, Bitcoin will be able to rise further in price. If that happens, altcoins will go all the way to the moon in a blink of an eye. The pioneer cryptocurrency is the reserve currency of the crypto market, where its price movements (either negative or positive) greatly determine altcoins' "footsteps".

I'd say that now it's the best time to buy altcoins, especially undervalued ones like Cardano and Ethereum sitting in the top ranks in market cap. There will be a "boom" in crypto prices in Bitcoin's next bull market for sure. Once miners find themselves losing profit, they'll quickly pump the price on the market. The closest altcoins to Bitcoin (like Ethereum, Bitcoin Cash, Litecoin, etc..) will have the biggest gains in the shortest time possible. After COVID-19, there will be a gradual recovery of the world's economy, resulting in a positive environment for the entire crypto/Blockchain industry. As long as you "buy the rumors, and sell the news", you'll be able to still make profit with Bitcoin and other altcoins in times of need. Just my thoughts Grin

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Oasisman

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

June 08, 2020, 10:50:44 AM

#139

Quote from: bithisach on June 05, 2020, 09:02:55 PM

Quote from: bhabygrim on February 25, 2020, 11:37:11 AM

I think there is a possibility that it could make it reach the BTC's ATH.
But it seem's really low we still have more than 2 months before the halving and the price is still at $9K.
It would be hard to jump that high in a short period since people are more cautious on buying when there is an instant price increase.

Bitcoin halvings in the past have had effect on the price only after a year or several months, 2 months is still too little time to draw conclusions. Whether it'll reach new ATH, that's a given. It WILL happen, it's just a matter of time.

That wasn't an effect of the halving, that's the product of people's optimism. Technically, the Bitcoin block halving doesn't change the Bitcoin price, It is the people who made the price to move.
Majority of the investors in crypto space loves to follow the trend, as the TA's doesn't seem enough to speculate the market movement. So, they are making a hype out of the past 2 halvings which sparks new ATH. These hype might change the market sentiments from bearish to bullish. So, that means, the post-halving doesn't guarantee a new ATH in the coming months or year.

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ghost424

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Re: Can bitcoin halving make cryptocurrencies reach all time high again?

June 09, 2020, 07:18:45 PM

#140

Of course there is always the possibility that Bitcoin will reach another All time high. We can see that the Cryptocurrency Industry is not dying any sooner and might even gain a boost in popularity if we keep on promoting it. It will reach new heights and we should just wait and see on how things will go for Cryptos but for being part of this industry, we need to make sure to keep supporting.

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