Bitcoin prices are predicted to break new highs due to Halving Day 2020

(Comments)

The discourse

The discourse on Halving Day Bitcoin in 2020, which is predicted to increase the price of Bitcoin, is again a conversation in the cryptocurrency community in Indonesia, after the Founder and CEO of Indodax predicted that Bitcoin prices would rise like Halving Day in 2016.

Gabriel Rey, CEO of the crypto exchange Triv.co.id and Tpro.co.id also revealed similar predictions. Rey is even convinced, the bullish trend of Bitcoin will occur through the price of US $ 20,000 per BTC which was previously formed in December 2017 ago. This is the peak price of Bitcoin since its appearance in early 2009.

Also Read

Bitcoin illustration

Halving Day is predicted to have a bitcoin value up to US $ 20,000
Getting to know Halving Day, a moment for Bitcoin investors to gain momentum
This is a number of causes of rising bitcoin prices besides Havling Day
Halving Day has the price and prestige of bitcoin

"I predict, if Bitcoin in 2020 can rise above US $ 6,000, then bullish will occur targeting US $ 25,000," he said in a statement received by Kontan.co.id, Saturday (3/16).

According to Rey, Bitcoin is fundamentally stronger, such as the presence of Fidelity Digital Asset, Lightning Network, Bakkt and many more.

"If there is a FOMO (fear of missing opportunity), it will be greater than FOMO in 2017. Moreover, Bitcoin users are now much more," said Rey, who has been in the Bitcoin world since 2014.

However, Rey reminded, Bitcoin prices will still be bearish this year if they have not been able to break out from the level of US $ 6000. Currently, Bitcoin is again moving sideways in the range of US $ 3000 to US $ 4000.

To Bitcoin investors, Rey suggested buying Bitcoin when prices were above US $ 6,000.

"I suggest, if you want to be safe, buy Bitcoin when the price is above US $ 6,000. However, for those who are risk takers, if they want entry now it is also not a problem, yet the price has dropped 90 percent. Even if it goes down again, at most +5 percent (to 95 percent). But this is accompanied by greater capital gains, "he added.

Halving Day refers to the standard concept in Bitcoin, which is a reward per block to miner which is reduced by half. This happens every 4 years or every 210,000 blocks.

This reduction will have an impact on the availability of Bitcoin as a whole so that Bitcoin has the potential to become more expensive because it allows demand to exceed the supply in the market.

In other words, the amount of supply increases, but is smaller than before. Remember, the number of Bitcoin is limited to a maximum of only 21 million units. As of March 15, 2019, there were around 17,589,650 units in circulation.

Currently unrated

Comments

Riddles

22nd Jul- 2020, by: Editor in Chief
524 Shares 4 Comments
Generic placeholder image
20 Oct- 2019, by: Editor in Chief
524 Shares 4 Comments
Generic placeholder image
20Aug- 2019, by: Editor in Chief
524 Shares 4 Comments
10Aug- 2019, by: Editor in Chief
424 Shares 4 Comments
Generic placeholder image
10Aug- 2015, by: Editor in Chief
424 Shares 4 Comments

More News  »

Kalender pendidikan 2023 / 2024

Recent news

Tahun ajaran baru telah tiba. Yuk, cek kalender akademik 2023/2023 jenjang SD, SMP, SMA, SMK di wilayah DKI Jakarta terbaru untuk mengetahui jadwal pelaksanaan PTS, PAS, PAT/UKK, dan hari libur nasional.

read more
4 months, 4 weeks ago

Harga BBNI meluncur tajam di bulan April, apakah kita perlu khawatir?

Recent news

Harga BBNI meluncur tajam di bulan April 2024, apakah kita perlu khawatir! Tentu tidak! Karena dari analisa nya sebenarnya sudah sangat aman!

read more
6 months, 2 weeks ago

BBRI di Bulan April kok turun tajam? Apakah kita perlu khawatir?

Recent news

Apakah kita perlu khawatir dengan harga saham yang meluncur tajam? 

read more
6 months, 2 weeks ago

Template that you need to know if you want to be pro in after effect

Recent news
6 months, 3 weeks ago

What does the Fed do in 2008

Recent news
7 months, 1 week ago

What does the Fed do in 2008

Recent news

Today, one of the popular topic related to financial policy is the question on

read more
7 months, 1 week ago

What is Lifetime Value of customer

Recent news

Have you ever heard about LTV? well if you talk about Macroprudential policy, it will be loan to value. But if you talk about startups and the world of tech, it refers to the Lifetime value of a company. 

read more
8 months ago

Mengenal lebih dalam kurikulum merdeka

Recent news

Akhirnya Indonesia menerapkan kurikulum merdeka, namun sebenarnya apa sih itu kurikulum merdeka? 

read more
8 months, 2 weeks ago

More News »

Generic placeholder image

Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without