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Time to hold more Bitcoin ?


evet

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Good day everyone!

I had been hearing a lot about bitcoin halving, it's not like I know everything about Bitcoin but it interest me a lot when there are new information offered. So I made some research online. According to a site named bitcoinworld, they estimated that the next halving would be in May 18 or something if I remembered correctly (that is an estimation according to them) and of course halving would affect the price of bitcoin. The last halving was in 2017 where bitcoin made it's way towards $20k. Halving will cause price of bitcoin to increase since there will be lesser bitcoins in the market (demand and supply law). So I think this is the best time to buy some more Bitcoin. 

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Greetings friend the topic of interezante halving by itself because now that the reward for the miners will be less, the market will show an appetite for the possession of the btc, and as you say in the past the btc skyrockets in value, I think this time it will do the same likewise at this moment it is good to buy, hold is a good option: D

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1 minute ago, smile522 said:

I doubt that halving will really increase the price.

I do believe the same way. High expectations around can cause manipulation to occur in the opposite direction benefiting a minority.  But in the long run Bitcoin will increase its value due the mass adoption and not because some "technical big nerd level" occurs.  I have been holding Bitcoin for a while and no matter what way it goes I will keep it.  Good luck. 

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LTC halving was not something that brought good news for LTC. Mining LTC was just not profitable anymore. Which caused a huge deflation on the price. But bitcoin is the biggest currency with almost endless needs. So I think this will not happen to BTC though. So I think if you are holding BTC, continue to hold. If you are not, buy some (not much) and then hold. It won't be much of a loss to do so.

Also, this post belongs to the Bitcoin board, not on Stake Discussion.

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You can hold on to Bitcoin, the price of Bitcoin is lower now, because the price of Bitcoin has never been fixed, Bitcoin is a very good currency, the price has dropped this year for the virus, but the price of Bitcoin will go up a lot if the world is free from this virus, so you  You can hold on, best of luck

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In theory, the "halving" is public information and should already be "priced in". But as we know, Bitcoin is not a very rational market and it's still predictable to some degree with some crowd psychology. So it's very possible the price will go up just because many people think the price will go up.

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Yes, it is a great time for investment. We all know that bitcoin and Eth both are the most trusted coins in the crypto market. But, if the price will go down, it would be a great loss also and we will have to wait more or hold our coins for more time. In fact, halving is a new term in crypto currency, that is why, first time, it is creating some confusions.

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On 4/26/2020 at 11:51 AM, evet said:

Good day everyone!

I had been hearing a lot about bitcoin halving, it's not like I know everything about Bitcoin but it interest me a lot when there are new information offered. So I made some research online. According to a site named bitcoinworld, they estimated that the next halving would be in May 18 or something if I remembered correctly (that is an estimation according to them) and of course halving would affect the price of bitcoin. The last halving was in 2017 where bitcoin made it's way towards $20k. Halving will cause price of bitcoin to increase since there will be lesser bitcoins in the market (demand and supply law). So I think this is the best time to buy some more Bitcoin. 

hold bitcoin can be one of our efforts to keep control of bitcoin prices above the current normal price and hopefully in the next few days bitcoin can recover again at $ 8000 of course this will be good news because before halving occurs most likely investors will take action buy to raise the price of bitcoin.

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I think maybe next few weeks bitcoin price hit 10k USD because some new investment comes this time in crypto currency that's why bitcoin price again stand up . But I not think in may price hit 20k USD because this time every thing going down so in my opinion this is not possible in may.

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Bitcoin halving has already happened twice (2012 & 2016) and each time its value multiplied. Although this wasn't immediately, usually after months or a year. Its better for one to buy and hold BTC now and expect its price to boom in the long run, cause much profit won't be realised if u sell them just after the halving.

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It is good to buy more bitcoin especially when it is falling, it is cheaper when it fall and it will definitely rise when the time comes. Bitcoin rise and fall is not new, it is because of this fluctuation that many people have made huge profit from it.

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If bitcoin halving is a definite event that will take place even if we do not know exactly when, it will be most profitable to buy a lot of bitcoin as many people are doing that right now. joining the mass of people doing that right now is a venture worth engaging.

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