Thanks for giving us opportunity to ask questions, it's really appreciated, during the last bull run, I wasn't a part of crypto,little did I know about it,though I heard how bullish the crypto market was, like I was also told about the Chinese New year and it's effect on the crypto market but this year,it didn't turn out as it use to be because of the Corona virus, that brings me to my question, if the Corona virus persist till May which is the halving period, will it have any effect on the halving or not?
If its will continue until the halving then the price will be affected even there are good things expecting to happen after halving .
This will be a war between negative market because of covin19 and positive thinking about the halving that it will give positive feedback to investors the only things we should wait is who will win in the market if thats happen.
First, Akiko is talking about pure speculation and is not backed by any evidence or proof that "good things to be expected after halving." Is this wishful thinking, yes. Is this something to look forward to, yes. Is Bitcoin directly impacted by COVID-19, no; it's only connected through investor sentiment and has always been the case.
As you all have witnessed, there was a large correction in cryptos and Bitcoin, mostly from a suspicion of hedges and big funds selling off their entire portfolios, which occasionally had Bitcoin or other cryptos within it. The best example of a large investors in a particular crypto, outside ETH and BTC, is Link. Link's market has all indicators that big money has been involved in it for over a year now. This ultimately all adds that Bitcoin and cryptocurrencies were increasing being looked into and being invested in by the big guys. There's of course all the little fish who sold Bitcoin, because once liquidation starts, panic also begins. All that capital that was sold is most likely being held in stablecoins, as noted by the grand-rise in BUSD and many others.
There are other sources and individuals who've spoke about about Onecoin's scammed BTC being dumped during this same period, which may have also attributed to a panic sell among traders.
Yes COVID-19 will persist through the Bitcoin-Halving and this is becoming more likely and iterated by experts in the media and through officials. These two events are not directly related, the bigger question you're asking is about Bitcoin miners, since this is the only area that is directly impacted.
Bitcoin halving real quickly is when reward payouts are "halved" meaning Bitcoin mined blocks get reduced in half, reducing the amount of new BTC entering the market and diminishing the impact of miners liquidating their BTCs.
So there are 2 forces: 1) Less Bitcoins entering the supply 2) Less impact of miner's liquidating Bitcoins.
Hash rate since the slight crypto crash has rebounded and will continue along its logarithmic trajectory. We saw a dip to DEC 2019 levels (3 months ago), which is significant, but nothing to really worry about it, since this dip was minimal and has since recovered as cooler heads have prevailed in mining and the markets. (as seen below)
Energy prices are also diminishing due to COVID-19, which will increase the amount of mining power being put towards Bitcoin, you cross a certain threshold of energy cost vs how much you can earn in 1 day mining Bitcoins.
Accordingly, some recent news of Bitcoin mining should ease any negative mind-set, Antminers just sold out almost immediately and are being prepped to ship right around the halving period.
https://cointelegraph.com/news/bitmain-s19-antminers-sell-out-wont-ship-until-may-11What does this all mean? It essentially means, Bitcoin will be slightly impacted by COVID-19 through the markets and big investors (sentiment), but in terms of the network and what halving means, individuals remain bullish as ever. It's easy to get upset, scared, worried and etc about the next 2 months; this is common since most can't comprehend or look beyond tomorrow, thinking only in the moment and now.
My advice, relax and be vigilant. Bitcoin and crypto markets are in early infancy compared to every other financial market. Crypto and Bitcoin are still dominated by sentiment. To a much smaller degree, it's dominated by external monetary factors in the world markets; but the crypto markets have stabilized and have remained relatively stable since that sell-off occurred, despite worsening COVID situations in the west and through increasingly aggressive monetary policies. I have a suspicion, which is not backed by anything, that eyes will turn to cryptocurrency soon or later. There will be a moment in time where Bitcoin makes a big comeback in the news, for better or for worse.