Re: Bitcoin Will Reach $400,000 After Halving, History Dictates
Much of the conversation around predicting the price of Bitcoin through 2020 and beyond hinges on the effect of the Bitcoin mining reward halving set to take place in May will have. Some believe it will have no effect at all, while others are betting big on this. If history is to be taken into consideration, Bitcoin should reach a new high of $400,000 following the event.
Following the first halving in November 2012, Bitcoins price increased from a $2.01 bottom to the top of $270.94 a 13,000 percent increase. The second halving, in July of 2016, saw Bitcoin go from a bottom of $164.01 a top of $20,074 a similar increase of 12,000 percent.
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Would you actually believe the halving would make this possible? Or is it just another unsure prediction?
Look guys, I am not a fan when it comes to predictions. Of course, the analysts can predict all they want. However, there is no such thing as guarantees that $400,000 would actually be an ideal amount after the halving event in May. Not even an all time high of $20,000 would be possible.
But I could be wrong too. Who knows? We just have to see if $400,000 per BTC would actually happen after the halving. However, its not good enough to save John McAfees d***!
This is to much for me $400,000 is out of my sight even on my technical analysis however anything is possible , for now i am only looking at $20,000 to break that certain price and make a new high and i might say that $80.000- 100,000 is much attainable if the bitcoins price surge up . we cant be sure that the percentage of increase in the past cycles would be the same as of this yearFollowing the first halving in November 2012, Bitcoins price increased from a $2.01 bottom to the top of $270.94 a 13,000 percent increase. The second halving, in July of 2016, saw Bitcoin go from a bottom of $164.01 a top of $20,074 a similar increase of 12,000 percent.
To read the full article, go here
Would you actually believe the halving would make this possible? Or is it just another unsure prediction?
Look guys, I am not a fan when it comes to predictions. Of course, the analysts can predict all they want. However, there is no such thing as guarantees that $400,000 would actually be an ideal amount after the halving event in May. Not even an all time high of $20,000 would be possible.
But I could be wrong too. Who knows? We just have to see if $400,000 per BTC would actually happen after the halving. However, its not good enough to save John McAfees d***!