Post
Topic
Board Bitcoin Discussion
Re: Can bitcoin halving make cryptocurrencies reach all time high again?
by
camito
on 27/02/2020, 23:29:00 UTC
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.

So, something not seen yet can be the reason why cryptocurrencies  can reach new all time high such as people anticipation. Like I am anticipating, I have invest in 0.4 btc. Some people will also do as I did.

The second thing that can cause it is the increase in the price. Some people that know how to analyze crypto market will still see that the price will increase and therefore invest and make the price to continue to increase.

The third thing I believe can make the price to increase are fomo people. They will see everyone investing and they will also invest for not to miss the great benefit.

This is what I think about cryptocurrencies  this year and next year because this process will extend to next year as I analyzed it. You people can also make contributions to know if we should invest more on cryptocurrencies  this year.


The past halving told us that there is really an increase in the price of cyrptocurrencies and the halving of this year is very much anticipated by the crypto market and people with Bitcoin. With few remaining BTC left, there is really a chance for its price to increase since the market would state a higher value. I believe most people would invest and not miss this opportunity. However, we are not really sure because Bitcoin's price or the cyrptocurrencies is not really stable. That's why, people still have to be cautious about investing so much. We mustn't be hungry for prices but wise about analyzing the price and stability of Bitcoin when it comes to halving.