A month after Bitcoin Halving. What's next? - page 2.

deisik

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Quote from: nelson4lov on June 14, 2020, 04:16:50 PM

The halving event was the major event that everyone had look forward to – "The big event of 2020. Now it's done

Well, this is a pretty widespread misunderstanding of halving

Indeed, it was an "event" in the sense something occurred on a certain date (in this case, the block reward halving). However, the halving event itself was only a starting point after which the reward has been halved and remains halved, the point being that it is the process as it unfolds in due course that counts, not just the mere fact that it happened. So, in a sense, the halving is not done as it still goes on. And it will take time to reveal and unleash all its long-term and lasting effects, consequences and implications (possibly, hell)

Paycoinzzz

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Quote from: nelson4lov on June 14, 2020, 04:16:50 PM

On 11th May 2020, The Bitcoin network experienced the third halving event. It was an highly anticipated and highly speculated event in the weeks and months leading to the event. A month ago, The halving event saw the mining rewards per mined block go from 12.5 BTC to about 6.25. BTC.

The halving event was the major event that everyone had look forward to – "The big event of 2020. Now it's done, Are there any other" major" Bitcoin events we should be looking out for between now and the end of the year?

Bitcoin is no news hotter than Halving. It is one of the very important events and it affects many of the miners out there. If the price of bitcoin continues to decline at a deep price, then the miners will surely not be profitable and leave. then hashrate is also down and cannot serve as many transactions as before.
But I believe that things will not be so negative. The whales will soon push up the price of bitcoin and bring the market back to life. Our job now is to buy and hold BTC for a long time.

peter0425

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Quote from: ?? on ??

It seems to me that it is not worth making very distant forecasts.

Sometimes Distant forecasting lures investors mate so let them give their forecast and Believe it or now,it doesnt matter because it is for others benefits if not ours.

Quote from: MCobian on June 15, 2020, 06:50:40 AM

What we have to do after bitcoin halving happens is by holding the bitcoin that we have until the price can return to an all time high price.
And that is likely to happen in 2021, we do have to be patient. To my knowledge there no a big event that will happen this year, after bitcoin
halving ends. Hopefully according to my prediction, bitcoin can reach the ATH price in 2021.

What if we cannot afford to hold that Long/what if all of a sudden we need Cash for emergency reason mate?i believe that those who invested that can last long for holding stays holding,but those for their daily needs?better sell it now guys.

Mpamaegbu

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I think everything is in order with the halving. The only nag there is the pandemic that is struggling to drag price down. And I am cocksure that if not for the halving Bitcoin would've crashed gravely below what the current price is. However, we should also remember that halving effects lasts from the period it begins till over a year after. So, we have now till 2021 to observe what will play out with Bitcoin. There is no cause for alarm yet.

Debonaire217

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Just to give my clear insights about what's next after the halving, miners might exit their business, others will find a way to look for possible new hardware that is more efficient than their current mining rigs, they might sell their previous rigs for others to use in mining altcoins.

In terms of bitcoin price increase, miners in the long term will not allow their bitcoins to be sold at the current price as they also need to pay for their electricity bill, this will push the market price of bitcoin to increase in the long term.

For the current bitcoin users, nothing will change that much, we can still utilize bitcoin as it is, but for me, there's a better opportunity for hodlers. These are all my speculations it's still up to you how you perceive news and articles you read.

Negotiation

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Blockchain helps to improve the crypto market If Bitcoin had anything to do with blockchain Bitcoin would have risen much higher in line with current technology But Bitcoin is not controlled by anyone and depends on the market moving at its specified speed. But I think bitcoin halving is going to be a lot better Prices continue to rise after halving Therefore, no matter how many obstacles and crises come Bitcoin will not be affected It's a good time to increase the price of Bitcoin.

LbtalkL

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The third Bitcoin halving is done, it is expected to go up this year or the following year but I believe it the effect will be delayed throughout the year and since we are experiencing a crisis, Yes, there is no connection to blockchain but it has an effect to the community that is using the blockchain technology it could affect our financial status, etc. Looking back at the past halving events the effect is not right away also and it takes time.

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Quote from: 7788bitcoin on June 15, 2020, 12:51:54 PM

Quote from: Oasisman on June 15, 2020, 05:42:09 AM

Bitcoin has already been expected to sky rocket in 2021 base on the past 2 halving price trend.

If you think that the economic situation during the last two halving is the same then your point would be valid, but that is not the case now. Most of the countries are struggling economically and with the pandemic you need to rethink the situation.

"Currently" yes, but I was talking about the 2021. Surely the vaccine will be developed on 2021, like majority of the health experts were telling "vaccines is created in a minimum of 1 year span".
Bitcoin in the current situation isn't doing bad like the traditional market and stocks. It's just that the current pandemic seems holding Bitcoin to break loose of the resistance level. Now, If you come to think of the situation that will going to happen in 2021. Most probably, when the vaccines will be available in public, mass vaccinations will take place, economic recovery will be prioritize, and normal lives are back to normal.
I would likely not to rethink, but Im thinking forward upon the light at the end of this tunnel. This pandemic will end in 2021, If not totally eradicated, then there must be a remedy.
Economy will recover, so does Bitcoin will rise. Economic recession has no direct correlation with cryptocurrency, that's why Bitcoin wasn't entirely affected by the current economic and health crisis.

famososMuertos

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LE ☮︎ Halving es la purga

Halving as such is a specific situation that has an immediate effect on the Bitcoin network in the payment of mining rewards. But in the collateral effect that occurs both in its price and in that perception of the bullrun that everyone sees, it is not so immediate.

Previous Halving's have shown that such a change occurs but is not immediate, but has at least met the growth in price over that 4-year span.

So it really is not what follows for bitcoin, it is what follows for us as users who have bitcoin, as believers in bitcoin and its message, consequently it is good to always analyze scenarios, not only in the growth of the price of bitcoin but in its adoption, it is necessary to understand that bitcoin price and adoption are together but not mixed, you have thought what happens if bitcoin in 4 years does not jump the $ 10,000 barrier (eg) or what happens if bitcoin rises so much in price , that less and less people could buy it, there are already enough bitcoin in very few hands, so although we want a price increase, how much can this benefit the bitcoin-user ecosystem.

The point is that there are many things to discuss to take on and face in the coming 4 years.

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Quote from: Oasisman on June 15, 2020, 05:42:09 AM

Quote from: Ziskinberg on June 15, 2020, 04:37:57 AM

What's next?

Maybe we will wait and see if the experts prediction are correct, some expert said that 2021 is going to be a good year and bitcoin will reached a new milestone of success which is breaking its ATH. Currently, it seems like the market is just normal, nothing special has been happening yet, it's still the old bitcoin that is volatile that we are seeing now, it just moving sideways.

Bitcoin has already been expected to sky rocket in 2021 base on the past 2 halving price trend.
These experts who claims to have a high percentage predictions are just helping the Bitcoin price to boost as much as possible. Nevertheless, their predictions are just the same as the average Joe's predictions.
As of the moment, Bitcoin is obviously struggling to break the resistance level, and doesn't seem capable of creating a bullish movements.

I'm not be surprised if this is going to fail our expectation again. How many times did we expect for the bitcoin to skyrocket every year? just like the year end of 2019, we all agree that 2020 will be prosperous for the cryptocurrency yet we are all here stuck in our home hoping for the price to skyrocket lol. Expect the unexpected in bitcoin, I noticed how it moves unpredictably from the moment it went on ATH speculations are everywhere so might as well just hold your bitcoins, coz any time it will go to moon.

I believe in the halving, I think it needs more time since we are having problems in the outside world.

7788bitcoin

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Quote from: Oasisman on June 15, 2020, 05:42:09 AM

Bitcoin has already been expected to sky rocket in 2021 base on the past 2 halving price trend.

If you think that the economic situation during the last two halving is the same then your point would be valid, but that is not the case now. Most of the countries are struggling economically and with the pandemic you need to rethink the situation.

Quote from: Oasisman on June 15, 2020, 05:42:09 AM

These experts who claims to have a high percentage predictions are just helping the Bitcoin price to boost as much as possible. Nevertheless, their predictions are just the same as the average Joe's predictions.
As of the moment, Bitcoin is obviously struggling to break the resistance level, and doesn't seem capable of creating a bullish movements.

Predictions are like tossing a coin or rolling a dice and there is nothing worthy to take note. Some come up with crazy claims which is absurd to begin with and these are done to make some headlines and most of the cryptocurrency based news site will publish those to get some clicks.

MCobian

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What we have to do after bitcoin halving happens is by holding the bitcoin that we have until the price can return to an all time high price.
And that is likely to happen in 2021, we do have to be patient. To my knowledge there no a big event that will happen this year, after bitcoin
halving ends. Hopefully according to my prediction, bitcoin can reach the ATH price in 2021.

Pamadar

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Quote from: thirdprize on June 15, 2020, 06:12:30 AM

Some people stopped mining and the price stayed the same. That is what happened next.

Mining had gone profiting long time ago,thats why Miners are only fewer now compared from 4 years ago.

My friend use to mine but he sell all His miner last year for the same reason and that is no income at all.

Quote from: Genemind on June 15, 2020, 05:10:45 AM

Honestly, I was not expecting too much with current halving due to the factor that the current halving that recently happened is different with the recent halving, currently, the global economy has been hit hard with the pandemic and this surely had an effect with the market demand one way or another. However, it is too early to speculate since the halving just occurred recently and not to remove the fact that the market is full of surprises. Let's just be patient and see what will happen this year or if the parabolic cycle will occur.

Don't stop just there mate,because we have long days to go before the year end,remember in 2016 halving the total effect felt after a year and not that same year of halving.

thirdprize

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Some people stopped mining and the price stayed the same. That is what happened next.

Oasisman

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Quote from: Ziskinberg on June 15, 2020, 04:37:57 AM

What's next?

Maybe we will wait and see if the experts prediction are correct, some expert said that 2021 is going to be a good year and bitcoin will reached a new milestone of success which is breaking its ATH. Currently, it seems like the market is just normal, nothing special has been happening yet, it's still the old bitcoin that is volatile that we are seeing now, it just moving sideways.

Bitcoin has already been expected to sky rocket in 2021 base on the past 2 halving price trend.
These experts who claims to have a high percentage predictions are just helping the Bitcoin price to boost as much as possible. Nevertheless, their predictions are just the same as the average Joe's predictions.
As of the moment, Bitcoin is obviously struggling to break the resistance level, and doesn't seem capable of creating a bullish movements.

maydna

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Quote from: Ziskinberg on June 15, 2020, 04:37:57 AM

What's next?

Maybe we will wait and see if the experts prediction are correct, some expert said that 2021 is going to be a good year and bitcoin will reached a new milestone of success which is breaking its ATH. Currently, it seems like the market is just normal, nothing special has been happening yet, it's still the old bitcoin that is volatile that we are seeing now, it just moving sideways.

We already see the correction happened today because bitcoin price drops to $9,100 level, and it may still go down more. But we hope that the price will not down below $9k in a few days later because that can lead people to panic and sell their bitcoin instantly. If that happens, we cannot do anything, but we will have a golden time to buy bitcoin at a very low price because who knows after the price hit the lowest price, it will bounce up and start the rally to the higher price. And who knows, we will see the price will have the opportunity to break the barrier at $10k, so the price can continue the rally to the highest price.

Genemind

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Honestly, I was not expecting too much with current halving due to the factor that the current halving that recently happened is different with the recent halving, currently, the global economy has been hit hard with the pandemic and this surely had an effect with the market demand one way or another. However, it is too early to speculate since the halving just occurred recently and not to remove the fact that the market is full of surprises. Let's just be patient and see what will happen this year or if the parabolic cycle will occur.

Yaunfitda

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Quote from: Bttzed03 on June 15, 2020, 01:19:49 AM

I read a bit about Schnorr signatures and Taproot. I don't completely understand all the technical details but I know these improvements increases the network capacity, transaction privacy, and also bitcoin fungibility. Which also means lower fees and faster confirmation once they're implemented.

Because it's more technical for most people are as compare to LN, easy to understand, and catchy.

Halving has done it's part and mostly it brings positive news, many of the so called "experts" says that it will bring the price to all time high, but it may take sometime though, so we will see. And then we have proponents of the "4 year cycle", for them halving is the catalyst for the eventual bull run.

Ziskinberg

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What's next?

Maybe we will wait and see if the experts prediction are correct, some expert said that 2021 is going to be a good year and bitcoin will reached a new milestone of success which is breaking its ATH. Currently, it seems like the market is just normal, nothing special has been happening yet, it's still the old bitcoin that is volatile that we are seeing now, it just moving sideways.

crwth

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Quote from: nelson4lov on June 14, 2020, 04:16:50 PM

The halving event was the major event that everyone had look forward to – "The big event of 2020. Now it's done, Are there any other" major" Bitcoin events we should be looking out for between now and the end of the year?

It has been a continuous event that everyone is looking for just because of the previous halvings that happened. The increase in price that showed every after halving. It's an event that makes people hopeful for the future. It's not bad but it's worse to expect something that's still not sure. Well, it is the risk that you are going to take, better be ready.

Get ready for a few years again for the next halving. Shocked

Topic: A month after Bitcoin Halving. What's next? - page 2. (Read 740 times)