Quote from: seandiumx20 on May 05, 2020, 08:16:03 AM

Halving have potential that can change the market of BTC but do not rely on this and make it sure that you're always checking the market.

We're not still sure if this year 2020 or maybe next year that the ATH will occur, have patience and be wise on trading.

Hoping for BTC's surge to happen asap!

Exactly. The "Halving" doesn't necessarily mean that prices will skyrocket in the short term. Sometimes, prices remain the same as they were before due to selling pressure on the market. Miners will then increase the price of a Bitcoin in order to maintain profitability. Past halving events have shown us that prices where never the same as before. Once Bitcoin experiences an astronomical increase in price, other altcoins follow. The bull market usually begins from a couple of months to a year later after the halving. If you've managed to buy some Bitcoin before the halving, you'll be able to double or triple your investment in the long run.

Despite the halving, there's no guarantee that prices will continue to rise forever. Everything is dependent on people's demand for crypto on the market. If a lot of people are buying Bitcoin more than what they're selling, you'll see the market on the "green side" all of the time. Otherwise, everything will be "red" meaning lack of interest or massive sell pressure on the market. The COVID-19 pandemic had a negative effect over crypto's price in the short term, but everything got back in track after a month. It shows us that Bitcoin is still demanded by people in the mainstream world, despite the negative impact of coronavirus. If the trend continues, we might see each Bitcoin worth $25,000 by the end of the year. Of course, of all this is speculation since no one knows what Bitcoin's true value is on the market.

Nonetheless, the quick skyrocket in Bitcoin's price will surely put altcoins on the "green side". It'll be just like 2017 where almost every cryptocurrency had a new All-time-high in price. If you're patient enough with your crypto investment, you'll be able to see great results in the long term. Just my thoughts Grin