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17203105 No.17203105 [Reply] [Original]

Let us take a look at previous halvings and how they affected the price of Bitcoin.

Halving Number 1

When the first halving took place, one BTC was valued at $11. It happened on the 28th of November, 2012 and within the next 12 months, the price of Bitcoin rose to $1,100, something that has never happened before with Bitcoin.

The price of Bitcoin later suffered and crashed to $220. For the next few years, its price stayed below $1,000. Even at that price, it still was preferable to its former worth prior to the halving.

Halving Number 2

The second time Bitcoin halving was recorded was in July 2016. Its price was going back and forth between the $600 and $700 marks and suddenly took off in 2017 during what was termed the great bull run to settle at $20,000.

This massive surge was 33 times its value before the second halving occurred and more than 1,818 times its value prior to the original halving.

Halving Number 3

The next halving has been slated to hold in a matter of months and there are lots of expectations surrounding the price of Bitcoin. Many are hoping that it follows in the footsteps of past halvings and will hit a new high that has never been recorded. Based on past trends, Bitcoin price could come to be valued at $100k, which is around 10 times its price before halving.

Some crypto experts even believe that the price of Bitcoin will surpass $100k, like Jesse Powell, the CEO of Kraken, who is optimistic that after the Bitcoin halving, its price will likely shoot up to either $100k or $1m.

>> No.17203131

>>17203105
who cares about boomer coin
eth just pumped 15% in a day

>> No.17203161

>>17203105
>Bitcoin rose to $1,100, something that has never happened before with Bitcoin.
there was a pump to $32 with crash to $1 before the big 2013 pump

>> No.17203164
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17203164

>>17203131
and why do you think everything is pumping retard

>> No.17203180

>>17203164
eth will pump harder without boomer coin retard

>> No.17203182

>>17203161
shoukd i sell pre halving?

>> No.17203213

wont work itll be too unprofitable to mine and the network will collapse

>> No.17203221

>>17203182
I wont. BTC is a dead shitcoin with no future but this halving pump is basically a self fulfilling prophecy

>Everyone thinks it will happen so it can't happen
This is a bullshit meme.

>> No.17203247

>>17203213
no if we go to $50+ fees, which we will. Yes I am aware BTC is now a ponzi.

>> No.17203262

>>17203221
the opposite is true. Since most people think it will happen it will most likely happen.

>> No.17203277
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17203277

Bitcoin hashrate dumping as we speak since it's now 4x more profitable to mine alts

>> No.17203286

>>17203277
Good. King shitcoin must die. It will pump one last time however.

>> No.17203296
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17203296

>>17203105
I like how you think brother.

Here are a few other sources to increase your data.

https://www.tradingview.com/chart/BLX/oKh54NhX-Bitcoin-Halving-and-Charting/

https://www.viewbase.com/inflation

>> No.17203328
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17203328

>>17203277
>To mine alts
>Alts don't use sha256

The absolute state of brainlets

BTC TO THE MOON

https://bitinfocharts.com/comparison/hashrate-btc-bch-bsv.html

>> No.17203343

$3150*110 = $346,500 New ATH

Screencap this

>> No.17203358

>>17203180
fuckin mETH heads. Let me guess ETH will flip BTC.
I truely do feel sorry for the '17+ newfags that think btc will die. Its crazy that people want the coin that controls the whole market to die, but there shitcoin to rocket up in value. Shame their BTC starts with a Zero
D E L U S I O N A L

>> No.17203377

>>17203358
ETH is the only and ever adopted cryptocurrency
seeth harder boomer
https://entethalliance.org/eea-mainnet-working-group-forms-task-force-eminent-ethereum-mainnet-integration-for-enterprises/

>> No.17203408
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17203408

Here's your average boomer coin whale by the way
Losing his lifesaving shorting a bullmarket

>> No.17203515

>>17203377
>MUH I'M RIGHT
Shame your arguing with the market. You don't know more than the market, why argue with it?
inb4 MUH 15%