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Halving2016

Bitcoin Halving DemystifiedI was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference. A picture speaks a thousand words. Here's a history of Bitcoin halvings - all two of them. A. The first and the only point pertinent to the question that was asked of me is point A - the second BTC halving which occurred in July 2016 where the price of Bitcoin dropped ~40% immediately BEFORE, DURING and AFTER it. Need I say more? The rest of this post is for educational purposes. B. Here, the price dropped by 75% six months after the first halving (that should have said first on the chart). C. A drop in price of approximately 80% in its early days (11.85 to 2.22) and one year before the first halving. D. A correction period of over 1.5 years where the price dropped by about 90% between the two halvings (1163 to 152). E. The price rose by 100% one year after the second halving. As an analogy, in today's terms, it would rise from 3000 to 6000 or 8000 to 16000 one year after the next halving (I'm not saying this is what will happen). F. A correction period of over a year where the price dropped by ~85% (~20000 to ~3000). Bitcoin has had more elongated correction periods and FAR MORE drops in price than it has had halvings. A third correction period of over a year or another drop in price is neither an abnormality nor a deviation from the "norm". I guess the only reason I can think of as to why people think my projection seems so absolutely absurd is because they be dreamin' of owning Maseratis and Mansions and they be wantin' it now. Do I think halvings have anything to do with the price of Bitcoin (all one of the two halvings which had no significant correlation, where the price did not increase immediately after the halving and only increased months later in line with the trend it was in prior to the halving)? None whatsoever. Do I expect the price of Bitcoin to increase in the future? Yes, but only after it corrects. What is clear from this chart is that BTC, just like any other stock or crypto, goes through cycles. I can't predict when the corrections will end but I can forecast where it will likely finish based on its cycle and technical analysis, and that is what I am most concerned with at Purple Crypto Premium. Adios amigos. What goes up must come down. My Secret Papa Bear Chart It Played Out Like a Beautiful Melody Are We Ready for the Crash? Are We There Yet? What If It Goes Down? Future Projection ___________________________ There's only one person you need to follow when it comes to crypto.
BITSTAMP:BTCUSD
by PurpleCrypto
11
The weekly on btcusd.This was an anonymous week where the classic capture of margins was witnessed on derivatives, if you go and look at the 1h timeframe, you will notice the "Bart" a new name for a fractal that often occurs on cryptocurrencies, which in any case has no value and is only a grammatical "flourishment", for now. The important thing is that the price has not broken the low, so the intermediate-term bullish trend remains for now, even if the price has been catching its breath for a while, surpassing previous retracements in bull markets. The only analogous and similar period given that it occurred after a halving, is the period between June and August 2016, culminating with a hack suffered by bitfinex, which was then patched up in some way. Today there are many hacks linked to exchanges, also because the latter have increased in number, but they no longer have the same impact as before. Today the bitcoiner has become a worse hypocrite than he seems, today we are waiting for the Fed data, today we look at what the large capital management funds are doing, so if we are dealing with these movements, it is because the professionals know how screw you. I can only recommend following the long-term trend, i.e. the underlying one, and staying away from financial levers linked to cryptocurrencies, or in any case if you use them, look for instruments that have a clearing house that establishes the validity of that exchange, not it is 100% safe but at least you don't risk losing capital in a margin call due to the dump of a meme coin taken with leverage greater than 10.
BITFINEX:BTCUSD
by Melupira89
A Brief History of the Bitcoin Halving Here. Hello, welcome to this BTC HALVING update. Bitcoin (BTC) halving is an event that occurs approximately every four years in the Bitcoin network. During a halving event, the reward that miners receive for validating and adding new blocks to the blockchain is reduced by half. This event is programmed into the Bitcoin protocol and serves several purposes: Supply Control: Bitcoin halving is a mechanism to control the inflation of the cryptocurrency. By reducing the reward that miners receive, the rate at which new bitcoins are created slows down. This scarcity can potentially drive up the price of Bitcoin if demand remains or increases. Scheduled Issuance: It ensures a predictable issuance schedule for Bitcoin. Every 210,000 blocks, or roughly every four years, the reward for mining new blocks is halved. This predictable schedule helps users and investors plan for the future supply of Bitcoin. Security: The halving also plays a role in the security of the Bitcoin network. As the block reward decreases, miners are incentivized to continue securing the network through transaction validation and block creation by transaction fees. This transition from block rewards to transaction fees is expected to be a key driver of miner incentives as Bitcoin's supply approaches its maximum limit of 21 million coins. Here's a brief history of Bitcoin halvings: First Halving: November 28, 2012 - The block reward was reduced from 50 BTC to 25 BTC. Second Halving: July 9, 2016 - The block reward was reduced from 25 BTC to 12.5 BTC. Third Halving: May 11, 2020 - The block reward was reduced from 12.5 BTC to 6.25 BTC. The next halving is expected to occur approximately every four years, reducing the block reward by half each time until the maximum supply of 21 million bitcoins is reached, which is estimated to happen in the year 2140. These halving events are closely watched by the cryptocurrency community and can have an impact on Bitcoin's price and overall ecosystem. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSDEducation
by CryptoSanders9563
2
BTC Next Halving ?Hello everyone, today I would like to share an idea about bitcoin next halving. Can we predict the next halving of bitcoin with the help of previous cycles? A bitcoin halving is scheduled to take place every 210,000 blocks. Three bitcoin halvings have already taken place, one in 2012, 2016, and the last halving in 2020. The bitcoin halving prediction shown above is for the next halving set to occur in 2024. The next bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on Jun 30, 2024. At the bitcoin halving 2024, the bitcoin block reward is scheduled to drop from 6.25 bitcoin per block to 3.125 bitcoin per block. From a technical analysis point of view we could roughly estimate the next halving in August 2024. It is still a bit early to have a precise estimate, at the time of writing this idea we are on November 27, 2022, date at which the market has not yet reached its lowest point. We can see from past data that over the last twelve years August has been more often in the negative than in the positive. In the ten months preceding it, especially April 2024 and May 2024 could be conducive to a potential halving of 2024. The financial markets are cyclical, so there is a good chance that bitcoin will go up at some point, but since it is highly correlated to the S&P500 it could be in 1 month or 10 years. To guarantee that bitcoin could exceed its high would be completely absurd, given the short history we have of bitcoin, the very notion of halving is to be taken with a pinch of salt. Indeed it has only happened three times. The market is very young (less than 20 years) so it is very complicated to predict these cycles. In my opinion, in order to predict the next halving (and although according to me this notion of halving should be taken with a pinch of salt), we should wait to see where our next low will be. Depending on this, we could then observe whether the macroeconomic environment is evolving in a direction favourable to a next bull run. If the low point seems logical (around $12,000), that the environment is favourable to a new bull run and finally that a range break occurs from above $34,000 then it could seem interesting to invest in BTC to aim for $65,000 or even why not a new ATH. I would like to remind you that crypto-currencies are very risky and highly volatile investments. Therefore, for the majority of investors, they should represent less than 5% of their capital. THIS IS NOT INVESTMENT ADVICE. Written by @maxencechachuat on 27 November 2022.
INDEX:BTCUSDLong
by UnknownUnicorn46586981
6
TA 2022-08-06: BTC Halving Analysis A. What is the Bitcoin halving? 1. The Bitcoin halving is an event where mining rewards are cut in half. 2. The event takes place every four years, according to pre-set rules in Bitcoin's code. B. A brief history 1. 2009 – Bitcoin mining rewards start at 50 BTC per block. 2. 2012 – The first Bitcoin halving reduces mining rewards to 25 BTC. 3. 2016 – In the second halving, mining rewards go down to 12.5 BTC. 4. 2020 – In the third halving, mining rewards drop to 6.25 BTC. 5. 2140 – The 64th and last halving occurs and no new Bitcoin are created.
BITSTAMP:BTCUSD
by yaser_rahmati
3
The one thing we know from history is that it repeats itselfSure, these times are different; although I like (these times) Like every other time I see something I like ;) More institutional investors invested in crypto; A crypto got attacked by a regulator with disastrous effects; Fiat money is printed like never before; The world seems to be in chaos; (What seems to be, is, to those to whom it seems to be. Said W. Blake) The rising of and the declining of a superpower; (As it does every now end then) Last time could have left a emotional impact for the buyer who bought a top and sold with loss; This buyer will probarly experience FOMO again ;) which we like, especially now ;) No financial advice; just stuff for thinking if you like What else .. Leave a comment if you like
COINBASE:BTCUSD
by Aroundthesun
4
Comparing the BTC Halving Event in 2020 to its 2016 PredecessorSummary Initial 6 months after each event, the % gained over length of time is eerily similar. There appear to be different structures of uptrend after each the 2016 and 2020 halving events, but the percentages and over the length of time are noticeably similar in their result. As it stands, it's agreeable the numbers are at least similar. BUT, If Bitcoin can touch $16k by October 31, it will be nearly EXACT to the 2016-2017 bull breakout and ensuing bull run thereafter. Should that happen, look for a pullback similar to 2020s halving even level of the $10k-$12k range, which is in alignment of what we saw in 2016 before continuation to ATH.
BITSTAMP:BTCUSDLong
by kingthies
4
2016 BTC Halving 55 & 21 EMA Re-test Part 1 of 2This chart shows the 2016 BTC Halving(red dot vertical line) and how BTC re-tested the 55 and 21 EMA's 12-16 weeks after the Halving. BTC is currently closing out Week 9 Post-Halving 2020. Will BTC re-trace to the 55 and or the 21 Weekly EMA's this time...I think the current day, 21 EMA could be tapped no problem...Look for next post for Part 2 Showing 2020 Weekly where BTC currently is...Save this chart to compare...very similar...notice 2016 prices will never be seen again after the Re-Tests of the 21 EMA along the BULL RUN climb.
BITSTAMP:BTCUSD
by Chefrusty
BTC/USD - The third ever halving took place on May 11 #630000.The third ever halving took place on May 11 in the Bitcoin network on block #630000. The specified block, the award for which amounted to 6.25 BTC, at 19:23 GMT got the AntPool pool. Halving is a halving of the miners' reward for adding a new block to the block. Satoshi Nakamoto programmed halving in the bitcoin network every 210 thousand blocks, i.e. once in 4 years - up to the moment when with the extraction of 21 million coins (presumably in 2140) the issue of crypto currency will be finished. The first halving took place on November 28, 2012, the growth started a month later and amounted to over 9000%. Second - July 9, 2016, the growth started a month later and amounted to over 3000% Third May 11, 2020 How long will the growth begin? In a month, I think. Bitcoin props were in October 2012, October 2013, January 2015, April 2016, August 2016. They were usually followed by flutter and growth. (marked purple) Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
BITSTAMP:BTCUSD
by Valeriia_Top
14
Bitcoin 3rd Halving: How to react?While bitcoin is still ranging, I would like to speculate what to expect from the approaching halving of the block reward event and how it was last time. November 28, 2012 The first Bitcoin halving takes place to reduce mining rewards to 25 BTC As you can see on the chart below bitcoin price experienced two falls (40% and 25%) prior to date. After the Halving BTC didn't fall that deep and went straight up after 50 days. July 9, 2016 Second halving takes mining reward down to 12.5 BTC. Two months prior to halving, Bitcoin managed to grow by 75% and fall by 23%. And after 22 days from the event's date, it falls 30%. After that, the price only climbed up. May 12, 2020 About year to date, the price was in some sort of big channel and sharply dropped by ~57% due to coronavirus outbreak about 70th days ago. So, what can we expect? We can expect the second drop after about a month or less after the halving, like in 2016, i.e 'sell-the-news' reaction. High volatility - like a pump to $10300 (high channel boundary) and dump to $7200 (lower). Confident further growth only after 2+ months after the halving It needs to remember, all the above is just speculation, and bitcoin can easily fly to the moon or dump to the ground on the 12th of May, but having the information about previous events could help to prepare for a new one. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITSTAMP:BTCUSDLong
by Bitduke
5
to be filled... 11k cme gap? After analyzing some weekly price action i notice this recent drop in price action pinged Bitcoins rsi so an historic level on the weekly. Last time this happened was also 50 or so days prior to a halving like we are approaching and it concluded in a rally of 120%. with the only valid trend in the market being a falling wedge its my assumption we'll break out of current rising channel the rising wedge we're currently in to realize new highs by the end of April. Potential price action lower towards 5800 would still be valid in rising wedge respecting the goose neck pattern seen above. The head and shoulder is invalid formation especially on these time frames and inpending death cross just gives whales even more reason to liquidate everyone. Expecting move to happen to night after tradional markets actually crash oout of falling wedge . Glhf
BITSTAMP:BTCUSD
by Augu3st
Projection for Bitcoin before/during/after the Halving.Very simple analysis of what btc has been doing in the lead up to the previous 2 halvings and a projection based on my findings. notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third. i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have projected based on the "thirdening" that in the next bullrun after the halvening BTC will rise by "only" aprox 1000%. This puts it in the 100K range at the end of 2021. in the time leading up to the halving i have projected price to be around 12K at the time of halving. This is based on the percentage increase btc has made in the previous run-ups to halvings. going up by 393% in the first and 412% in the second. notice! I am not a professional and none of this is financial advice. I merely found a pattern, that does not mean that this pattern has any validity and will continue. because this is a pattern that (imo) could be spotted from outer space, there is a great chance someone else has seen it too and/or posted about it. that does not make this "stolen" nor does it make any future posts from others "stolen"from my ideas. have fun
BITSTAMP:BTCUSDLong
by Ajdincehic
Bitcoin Halving cycle - path to 100kIn this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by upright line on the left) After 2016 halving price dropped a bit, and then wen't fully parabolic. This spring again the same event will occur, the halving. Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation from eroding the purchasing power of the coins. If this market is cyclical, which I'm pretty sure it is, then this chart can show us the Bitcoin's way to magical $100,000 (which could happen before 2020 ends). Let's see if this ages well, or no :-)
GEMINI:BTCUSDLong
by bloodgood
3