Quote from: RBF on May 17, 2020, 11:27:13 PM

Bitcoin should consider buying right now before the next halving event. Theoretically, you should purchase new bitcoin now since the number of new Bitcoins put in circulation every day will be cut in half as the halving in crypto market. The market price will be incrase bitcoin price could occur due to the upcoming halving event. just wait for few years bitcoin is likely to explode in the coming months. In my opinion, the price of Bitcoin will reach $20K by the end of 2020 years.

Haven't you heard? The halving happened over a week ago pretty much. And buying bitcoin into the halving event wouldn't of done you any good because right prior there was a huge dump to the $8K area, basically too many leveraged people opened up a position hoping for a pump into halving but the reverse happened.

And just because the supply is halved doesn't mean it will increase in price. Sure its basic economics but usually events like this are retail driven and there are huge whale games. So it might play out but it could take longer than a few days, maybe even until the end of 2020 or 2021. Too many people basically think they can outsmart the market and they usually end up getting liquidated. Hence why it dumped so fast to $8100 because too many people entered only when it broke $10K.