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Topic: Bitcoin 2020 Halving - page 4. (Read 815 times)

full member
Activity: 392
Merit: 103
www.daxico.com
March 05, 2019, 10:26:21 PM
#34
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?
I'm not sure how this would impact the price of bitcoin but for the miners this means s lot. The bitcoin they would mine would be decrease by half and if the price would not goes up this could have s negative impact to miners then.
legendary
Activity: 2909
Merit: 1307
March 05, 2019, 04:24:40 PM
#33
Instead of counting the days you spend on the bear market, I recommend you count the days remaining to the halving. This picture will lead you to optimism day by day, My guess  When bitcoin is halving,  The bitcoin price will be at least $ 10,000.
Each halving takes 4 years, i think that would be too much to think and count each day before the halving. Why not make those days progressive instead of waiting and counting. Accumulate Bitcoin each day if as long as you can afford then buy back those coins that you have lost before and start hodling them until the halving and bullish market starts.

to be precice, the halfing is not counted in years or days but in blocks.
every 210 000 Blocks will be a halfing of the block reward.
This is aprox 4 years but it changes as the 10 minutes fore each block may vary and even with the difficulty adjustment process you have variances in the times for the blocks..

but one or two days difference is not too much Smiley
sr. member
Activity: 2506
Merit: 368
March 05, 2019, 04:17:27 PM
#32
Instead of counting the days you spend on the bear market, I recommend you count the days remaining to the halving. This picture will lead you to optimism day by day, My guess  When bitcoin is halving,  The bitcoin price will be at least $ 10,000.
Each halving takes 4 years, i think that would be too much to think and count each day before the halving. Why not make those days progressive instead of waiting and counting. Accumulate Bitcoin each day if as long as you can afford then buy back those coins that you have lost before and start hodling them until the halving and bullish market starts.
hero member
Activity: 2884
Merit: 620
March 05, 2019, 04:15:52 PM
#31
Take a look at the charts where halving occurred, most of those days the price of bitcoin has increased. Mining difficulty will increase and reward will be lesser in result, demand and price will increase.

That's how the bitcoin economy works and this is what we're all waiting and not with those institutional money or ETF proposals because there's no assurance with it. But with halving, we have higher chance to see what we want to see.
sr. member
Activity: 961
Merit: 269
CryptoDirectories.com
March 05, 2019, 04:13:35 PM
#30
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?
halving always affect the price because miner will only get smaller amount bitcoin
the price of bitcoin need to match the power comsumption of the miner with small profit
legendary
Activity: 3122
Merit: 1389
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March 05, 2019, 03:46:37 PM
#29
the effect of halving has always been 2 types which actually happen in two different time frames.

1. the hyped up effect.
this effect is short term and has been big in the past two times  and it occurs before the halving, usually in less than a month to the actual date. and price starts a big rally by then and since this is a hyped up event we will see a mini bubble which bursts and goes away.

2. the actual effects of having less new coins be created
this is the long term effect which starts after the halving, usually a month after the reward was cut in half. and this is the real deal and is much bigger than the previous one and since there is no hype involved anymore the rise is going to be sustainable.
This makes sense, but while that hyped up effect is rather likely to happen, being driven purely by anticipation of the better times, the second thing is not bound to happen. Similar logic was used to argue that Bitcoin won't go below $6k but it did anyway. People said that if bitcoin's price goes lower, mining will not be profitable, so that won't be the case. However, the price dropped, mining did become unprofitable, many miners simply left the business broken and here we are. Nothing prevents the same thing from happening in 2020 with miners leaving the market, difficulty adjusting accordingly and halving not driving price up long-term.
full member
Activity: 2128
Merit: 180
March 05, 2019, 03:39:30 PM
#28
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?
Many expect for the price to pump high as we get closer to reach the limit on supply. Many speculation about the next halving is good so i think i need to be ready on this one. There’s still no assurance for the price to rise but if you do believe on bitcoin, you will increase your holdings now.
hero member
Activity: 1358
Merit: 509
March 05, 2019, 03:37:40 PM
#27
The halving process is going to give less reward for each block and mining profits will decrease proportionally. I doubt, this event will be a reason for the bull trend but surely it will affect the prices. I am planning to buy BTC with high amounts before the event and hope to sell for more profit  after the halving. Let's see how it will end.
sr. member
Activity: 742
Merit: 251
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March 05, 2019, 03:33:14 PM
#26
it makes sense if the offer will slightly increase the price, but it all depends on how large the order is, the market situation is very bleak and many investors stop because this is long enough, all hope 2020 is the recovery target of bitcoin value and will this really happen?
member
Activity: 406
Merit: 13
March 05, 2019, 03:32:47 PM
#25
I don't think the whole of the 21 million bitcoin would have been mine before 2020 when the halving will take place and even at that the event is still going to make a remarkable point in the price of bitcoin. And the market is going to be facing a great facelift by then.
sr. member
Activity: 1666
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March 05, 2019, 03:23:30 PM
#24
People are much focused on series of events scheduled to happen from now onwards till halving. Few of which were the Bakkt, Litecoin hardfork, halving and few others. It is predicted that the growth will get initiated by now on continuing to the days of halving making it grow to the peak price.
newbie
Activity: 9
Merit: 0
March 05, 2019, 03:14:31 PM
#23
It will increase the price because there will be less Bitcoins available. There are 1,800 bitcoins created every day, when it's halved, then only 900 will be created. The less Bitcoins available the more the price will move up. It's why when the government prints more money the fiat currency's value goes down.

If you look at the last 2 halvings, the price jumped after it occurred.
jr. member
Activity: 73
Merit: 1
March 05, 2019, 02:15:08 PM
#22
Instead of counting the days you spend on the bear market, I recommend you count the days remaining to the halving. This picture will lead you to optimism day by day, My guess  When bitcoin is halving,  The bitcoin price will be at least $ 10,000.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
March 05, 2019, 01:50:20 PM
#21
Logically speaking, after every halving, there are less number of bitcoins that can be mined which means the supply is going to exhaust.
If the supply is exhausted then there will no new bitcoins that can be sold. Hence the demand will increase over the time.
So logically, every halving should increase the price of bitcoin creating an increase in demand and I hope the same happens in 2020.
hero member
Activity: 991
Merit: 500
March 05, 2019, 12:26:31 PM
#20
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?
In the year 2020 will be have another halving for bitcoin which can triggered to increase the price on market. Right now the price of bitcoin are in down situation so we need to be patient and I think we must sell our bitcoin after bitcoin halving that will happen in the year 2020.

Yes it might happen, the market is experiencing a very tough situation right now and most probably the halving for bitcoin can be by next year where we can expect a pump. So its good to hodl our asset now and wait patiently till the market turns green and we can expect a good profit if this happens.
hero member
Activity: 980
Merit: 500
March 05, 2019, 12:10:15 PM
#19
We should all consider that Halving had two face and it can be good or it can be bad for bitcoin but so far I have only seen good ones and never experience something bad happened so far, And the halving did produce another coin that will turn out to be dead weight or will have a potential to truly bloom, I only seen that two possible scenario that may happen to a halving, And many forecast sites have depicted that the price of bitcoin will rise up to 5 digit this time and a bull run may emerge.
hero member
Activity: 2240
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March 05, 2019, 12:01:55 PM
#18
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?

Of course it will affect the price. Miners will have less bitcoin to sell, so by the economic law of supply and demand, it will in theory, increase the price. As the supply is now lower
In addition to what you said. There is an association between bitcoin halving and bitcoin market but the method of bitcoin halving is to keep bitcoin scarce. However, this was the protocol led by Satoshi and it among those things that will usually re-occurrence in bitcoin sphere just like the market correction will whenever new ATH is achieved.
full member
Activity: 756
Merit: 231
March 05, 2019, 11:42:34 AM
#17
Of course it will affect the price. Miners will have less bitcoin to sell, so by the economic law of supply and demand, it will in theory, increase the price. As the supply is now lower
Good explanation aside from that when that time comes next will be the time that all crypto believer awaits for because all of the coins will increase its price not only bitcoin.
The price will rise because of people logical expectations, 2020 is so close this year is time to buy bitcoin. But usually the price will rise before halving happen and people start to sell it again a few days before halving, we should keep an eye on the price chart a week before halving.

According to the last Bitcoin halving, it took some few days after the halving before the price jumped up. Although the price was at initial time increase but the full increase was after the week of the halving, so, we may see a different scenario from what history spoke about the last Bitcoin halving.
member
Activity: 588
Merit: 10
March 05, 2019, 11:36:00 AM
#16
..when the time comes of Bitcoin halving,there is a great impact in the price of Bitcoin..maybe the price of it will become double in the year 2020..no one can tell what will be the future of Bitcoin..whay we need to do is to predict what will going to happen on it..the deman on Bitcoin depends upon on the user of it,how they mostly wanted to have Bitcoin..as we all know there is a effect of price when the demand is many but there is a low supply on it..
hero member
Activity: 1736
Merit: 589
March 05, 2019, 11:11:39 AM
#15
85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?

Of course it will affect the price. Miners will have less bitcoin to sell, so by the economic law of supply and demand, it will in theory, increase the price. As the supply is now lower
Not necessary. Supply and demand forms a price. And this is not about the general supply of the coin but about the supply on the specific market (e.g. exchange). Way bigger role plays the amount of HODLers on the market. You may expect a fast pump but some FUD may happen and despite the lower general supply BTC rate could drop.
Nice point, that 2020 halving will not affect the price greatly but surely it will affect in huge manner if and only if the current supply of bitcoin is near full or fully accommodated. It's total supply will going to rise and the price will depend on the investor and users.
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