Author

Topic: Bitcoin 2020 Halving (Read 894 times)

legendary
Activity: 1442
Merit: 1025
March 14, 2019, 02:54:37 PM
#94
I still wonder how the difficulty will be like, I know it will affect the miners in a bad way and that is why the price should go up but the idea that price should go up because of the difficulty increase isn't really that logical.

I mean think about it if you have 1 difficulty and mine 1 bitcoin when difficulty increases to 2 (I know its not difficulty that is increasing its rewards halving) and mine 0.5 than there is no point of keep mining so people will leave which will make difficulty drop again. So, all in all I feel like when halving happens and miners make less money some of them will leave and when they leave difficulty will drop and when difficulty drops the amount of money you make could stay same or not change at all.

Instead of mining 2 and getting 1 you will mine 1 and get 0.5 which if you double is the same. I think all this comes down to how many miners will leave when halving happens, if not many than yeah price could increase but if many leaves than price could stay same.
member
Activity: 322
Merit: 12
March 14, 2019, 12:59:43 PM
#93
yes I think its going to affect the price and it will go up if not the mining will not be profitable
full member
Activity: 490
Merit: 134
March 14, 2019, 12:09:05 PM
#92
Halving - is a very good reason for bitcoin to increase its value. I am sure that a few months before the onset of this event, the price of Bitcoin will begin to grow. I'm not sure that by the time the halving comes, the price will again reach 20,000, but I thing it's possible.

Halving is very unpredictable event. We see that in past we have gathering and pumping for the higher possible price many sell other try to buy. This is cycle that been here from begging and it will be for the long time. So possible that you are right and that starting price could be that but if somehow dont happen this and price remain calm and after few month price go boom.
legendary
Activity: 1946
Merit: 1137
March 14, 2019, 07:58:23 AM
#91
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?
Yeah that's true but number of bitcoin's that will be mined totally after all time high (20K usd) price can't be considered as significant. So I think demand on bitcoin will rise too and price will reach another all time high after upcoming halving, just remember how it was when in previous situation. For a while price become stable 600$ and then started to rise and rise, kept thatvway until it reached 20K.
Of course, when demand rises again the effect will be far greater than last year, with the same conditions as in 2017, maybe we will
get a new ATH, lets buying before that time comes, and keep believing Smiley

the halving and its hype is such a bizarre and unpredictable event because it is "hype" so before halving either we are already close to ATH which means we can see a new ATH or we are far from it which means we only see a small bubble which will burst right after the halving and then we pick up rising from there like last time.
sr. member
Activity: 1162
Merit: 251
March 14, 2019, 04:06:40 AM
#90
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?
Yeah that's true but number of bitcoin's that will be mined totally after all time high (20K usd) price can't be considered as significant. So I think demand on bitcoin will rise too and price will reach another all time high after upcoming halving, just remember how it was when in previous situation. For a while price become stable 600$ and then started to rise and rise, kept thatvway until it reached 20K.
Of course, when demand rises again the effect will be far greater than last year, with the same conditions as in 2017, maybe we will
get a new ATH, lets buying before that time comes, and keep believing Smiley
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
March 13, 2019, 09:59:29 PM
#89
I expect people to be selfish with their bitcoin when halving is set to take place, this will naturally lead to jealous hoarding of the precious digital gold from the current 12.5BTC per block reward to 6.25btc block reward. Although, we still need some good inflow of liquid (money) to the general coinmarket to see a significant bull run. For the guys that have been shouting "death to bitcoin", I just hope they won't take a gun and injure themselves for missing a golden opportunity!
I have almost gone crazy because I don't have more money to accumulate more bitcoin as early preparation for the coming halving in the mid of 2020.
Having more than one year from now till the halving timepoint, so bitcoin will likely not grow soon.
Anyway, it is always better if I can have free money to accumulate at such bottom-price-range, that has not lasted for too long.
Bitcoin won't rise immediately, but it is hard or almost unrealistic to see it stays at such the current very cheap price.
hero member
Activity: 1082
Merit: 502
March 13, 2019, 05:42:20 PM
#88
Halving - is a very good reason for bitcoin to increase its value. I am sure that a few months before the onset of this event, the price of Bitcoin will begin to grow. I'm not sure that by the time the halving comes, the price will again reach 20,000, but I thing it's possible.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
March 12, 2019, 04:23:12 PM
#87
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?
The last time we went through the halving not much happened at first but then after a few months we began to see the price slowly growing, this is because while both supply and demand affect the market they do not do it in the same way, a spike in the demand will make the price to go up immediately but a reduction in the supply is not felt in the market that quickly so prices tend to move more slowly, so I have the tendency to think the same will happen the next time the block reward is halved.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
March 12, 2019, 01:38:08 PM
#86
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?
Yeah that's true but number of bitcoin's that will be mined totally after all time high (20K usd) price can't be considered as significant. So I think demand on bitcoin will rise too and price will reach another all time high after upcoming halving, just remember how it was when in previous situation. For a while price become stable 600$ and then started to rise and rise, kept thatvway until it reached 20K.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
March 12, 2019, 10:55:15 AM
#85
Once after the previous price peaking on 2017, people expect more growth to happen further. To the expectation there isn't any big price increase, and later the expectation turned towards halving. This is the factor that 2020 halving is under big speculation. The past halving made a big change in the market, expect the same to happen around the days of halving.
sr. member
Activity: 980
Merit: 253
March 11, 2019, 06:55:03 PM
#84
I think this whole idea of bitcoin having and price rise is just a speculation that can turn the other way round. We all think block reward will reduce which means miners won't have a lot of bitcoins to sell for their bills and the likes. We should also factor exchange owners who whole a substantial amount of btc and other alts as trading fees. If miners get few bitcoins and exchange owners don't control the way they sell their profits, the halving will be nothing to the price of BTC. In addition, it isn't only these factors that affect BTC's price so we can't just focus on one thing and expect a massive effect on BTC's price.
hero member
Activity: 1694
Merit: 502
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March 11, 2019, 04:23:05 PM
#83
Once the halving happens in the 2020. They have possible two happens to the bitcoin but mostly the what we want is of course is to increase the price of the bitcoin after halving.  The other one that we don't want to happen to the market is to decrease again. The affecr of halving is possible to experienced before,  during and after halving That'd I noticed in the last few halving happened.
We want rise, we have some bitcoins, we have many altcoins, but we know when bitcoin price rise other altcoins will increase their prices too. What we want and why we want it is one thing, economy is something different. There are some laws and rules and by that when you cut supply and have at least the same demand, and demand can rise too, price will go higher too. That is written here many times by now, I learned that too. I think price will increase after halving, maybe not right away after it, but eventually it will go up, laws of supply and demand, I count on it more than on our wishes.
sr. member
Activity: 1274
Merit: 263
March 11, 2019, 10:54:38 AM
#82
Once the halving happens in the 2020. They have possible two happens to the bitcoin but mostly the what we want is of course is to increase the price of the bitcoin after halving.  The other one that we don't want to happen to the market is to decrease again. The affecr of halving is possible to experienced before,  during and after halving That'd I noticed in the last few halving happened.
member
Activity: 980
Merit: 62
March 11, 2019, 05:31:26 AM
#81
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?

The effects of the bitcoin halving will be visible 1 year (at least) after the occurance of halving. The individual miners cannot make an impact on the price. If something will happen in the price will happen due to businesses that are active in mining. These actors have the volume not the individual miners who mine 1 bitcoin every 5 months.

I think that in 2020 nothing is going to happen due to halving. I expect a price increase during 2021.
legendary
Activity: 1652
Merit: 1265
March 11, 2019, 04:16:20 AM
#80
Another halving thread.

Well the last halvings all had no impact on the price....
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
March 11, 2019, 03:55:53 AM
#79
You've to understand how other bitcoin and crypto work, they're very volatile currencies and their values can fluctuate at any time, usually in very extreme ways both high and low. Once again I emphasize, bitcoin's not an instance method to cultivate your wealth because the price of bitcoin cannot be controlled by yourself as you wish, except if you're a Big Whales. As an ordinary user, you should make it a habit to be patient because that's the only way to succeed and if you are still able to buy, maybe you should make a purchase!, because by making a purchase means that you've contributed to the growth in the price of bitcoin.

you are misunderstanding a bunch of stuff here.
first of all bitcoin is not the same as other altcoins so you can't talk about them as if they are the same. bitcoin's volatility is not due to manipulation, at least not all of it. but altcoins volatility is 99% because of pure manipulation.
secondly you don't need to control the price to make an investment in something! that is ridiculous assumption that you need to be a whale and control the price to invest in something...
the only thing you need to look for is real potential and if it exists then you are good to go.
full member
Activity: 602
Merit: 118
March 10, 2019, 06:58:09 PM
#78
Or maybe nothing significant happens...
It's very unusual scenario if nothing happens, check all those times when halving occurred. Few times it happened and look at the significant effect that it made.

Bitcoin always increases its price due to that and by 2020, same impact is likely to happen. And if the current trend that we are experiencing now is the sign of it, without a doubt that price will increase after that.


Around the days of halving price increase have taken place. During the last halving there isn't any price increase by the particular date.. There was decline in the price which showed good forward price pumping after few weeks. The same too is also termed to be the very initial growth point to reach the ath of bitcoin. This time too we can expect similar growth patterns by those days.
The price increase effect occurred after the halving if you can remember that moment. It was 2016 and the vast effect occurred late 2017 and I think that halving has contributed to the process until it has reached the peak.

Expected increase and growth for the market will come but as we have said, to those that have been rushing for that increase. We can't say if the effect would take immediately or after the halving.

Oh i see ,  so you are saying that after the 2020 halving the price wont increase instantly ?  But the growth will only take place after 1 year ?   2021 to be exact   .  thats too far away and i cant wait  for that too long because im not an patient person  .  i guess ill still continue to sell my coins  . i will only hodl them when we are close to that said year  .

You've to understand how other bitcoin and crypto work, they're very volatile currencies and their values can fluctuate at any time, usually in very extreme ways both high and low. Once again I emphasize, bitcoin's not an instance method to cultivate your wealth because the price of bitcoin cannot be controlled by yourself as you wish, except if you're a Big Whales. As an ordinary user, you should make it a habit to be patient because that's the only way to succeed and if you are still able to buy, maybe you should make a purchase!, because by making a purchase means that you've contributed to the growth in the price of bitcoin.
full member
Activity: 2086
Merit: 193
March 10, 2019, 06:15:10 PM
#77
The upcoming halving of the reward should greatly increase the price. I do not think that this will happen exactly in 2020, I think that a gradual increase in the cost of Bitcoin should start about half a year before the onset of this event and maybe even much earlier.
I don’t want to expect much from this but I’m slowly buying more bitcoin because of this rumor. I know bitcoin will increase more on time, but I don’t know when so even if there’s a halving like this is still not sure that the price will be high on 2020.
hero member
Activity: 3038
Merit: 634
March 10, 2019, 05:14:14 PM
#76
-snip-

Oh i see ,  so you are saying that after the 2020 halving the price wont increase instantly ?  But the growth will only take place after 1 year ?   2021 to be exact   .  thats too far away and i cant wait  for that too long because im not an patient person  .  i guess ill still continue to sell my coins  . i will only hodl them when we are close to that said year  .
Bitcoin won't care if you are a very impatient person. That was from my observation which I've read from others too. You can also take time to check those dates after the halving last 2016 and see the effect of it.

You're going to sell your coins and hold it when we are close to that year? this isn't a financial advise and you have the decision on whether to hold or not. It's up to you on how you are looking at the market, you can take these words as suggestions/opinions.
hero member
Activity: 1067
Merit: 501
March 10, 2019, 12:08:53 PM
#75
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?

Looking at Bitcoin price charts in the past, we should expect a very large price increase and a new ATH in a few months after halving.  However, the crypto market is still developing and we can not be sure that there will be a newer technology that will dominate the market and destroy Bitcoin.
sr. member
Activity: 2030
Merit: 356
March 10, 2019, 12:02:00 PM
#74
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?

The price will, in the next few months start to climb slowly until the halving. A few months after the halving we’ll have an epic bull run which has happened shortly after every halving we’ve had so far.

i agree with the first part. we will see a rise from now until the halving because that is the nature of bitcoin which always rises and so far we had more than a year of drop which is more than enough and it can not go on forever. so there is no other option but to rise.

but i think you are wrong about the second part, we have always seen the "big bull runs" BEFORE the halving not AFTER it. the thing we see afterwards is the continuation of that growth that i said before, the natural growth that will be sped up by then.

The good thing about the halving is that the price rise before the halving and it keep on moving up even after the halving. (There will be correction all the way ofcourse)
Just like previous halving, we will see a strong bitcoin price rise and this time it may cross 100,000$.
sr. member
Activity: 696
Merit: 439
March 10, 2019, 10:11:19 AM
#73
I wonder when will we start to see the affects of this halving. Maybe we already have ?
Which means if the price will go up, will it go up right after the halving ? I doubt so, people will start to buy bitcoin before halving happens which will increase the price and I wonder when will it start, will it start couple days from halving? Will it be months before halving ? Has it already started ? We don't know and I can't wait to find out.

It is too early for any kind of next halving effect, but if we look past halvings in 2012 and 2016 we can see that it affect price, but mostly after halving. For example 2012 halving is start with 12$ per bitcoin, and some 3-4 month after that price was 120+$. Halving is 2016 is start with 650$ per bitcoin, and few months later it was only 750$.

Observing these two happenings and their influencing on price we can see that in both cases something big happened 1+ year after halving. In November 2013 price is skyrocket from 135$ to 1100$, and in November 2017 to 10 000$.

Coincidence or not I can not say, but my bet on next big pump is somewhere around November / December 2021. What will happen in the period before that is subject to various speculations, but I hope we will not stay in bear market too long time.

Bitcoin more than 3x from its 2015 low leading up to halving. Expect something similar leading up to the halving in 2020.
legendary
Activity: 3234
Merit: 5637
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March 10, 2019, 09:13:53 AM
#72
I wonder when will we start to see the affects of this halving. Maybe we already have ?
Which means if the price will go up, will it go up right after the halving ? I doubt so, people will start to buy bitcoin before halving happens which will increase the price and I wonder when will it start, will it start couple days from halving? Will it be months before halving ? Has it already started ? We don't know and I can't wait to find out.

It is too early for any kind of next halving effect, but if we look past halvings in 2012 and 2016 we can see that it affect price, but mostly after halving. For example 2012 halving is start with 12$ per bitcoin, and some 3-4 month after that price was 120+$. Halving is 2016 is start with 650$ per bitcoin, and few months later it was only 750$.

Observing these two happenings and their influencing on price we can see that in both cases something big happened 1+ year after halving. In November 2013 price is skyrocket from 135$ to 1100$, and in November 2017 to 10 000$.

Coincidence or not I can not say, but my bet on next big pump is somewhere around November / December 2021. What will happen in the period before that is subject to various speculations, but I hope we will not stay in bear market too long time.
legendary
Activity: 3318
Merit: 1128
March 10, 2019, 04:26:56 AM
#71
The price increase effect occurred after the halving if you can remember that moment. It was 2016 and the vast effect occurred late 2017 and I think that halving has contributed to the process until it has reached the peak.

Expected increase and growth for the market will come but as we have said, to those that have been rushing for that increase. We can't say if the effect would take immediately or after the halving.
That is why many crypto analyst pegs the bull run to 2020 and many investors sees it as a bad news not helping this year, anyway, no year is too long to make it in the crypto world and we should also be more concerned about the block chain technology itself and not only short time benefits coming through it, have we ever considered the long time benefits ?

If we all consider the long term benefits and have the mindset, we will stop putting our mind and self in unnecessary pressure we find ourselves now due to the market condition.
hero member
Activity: 1082
Merit: 502
March 09, 2019, 05:10:51 PM
#70
The upcoming halving of the reward should greatly increase the price. I do not think that this will happen exactly in 2020, I think that a gradual increase in the cost of Bitcoin should start about half a year before the onset of this event and maybe even much earlier.
full member
Activity: 1638
Merit: 122
March 09, 2019, 02:57:50 AM
#69
Or maybe nothing significant happens...
It's very unusual scenario if nothing happens, check all those times when halving occurred. Few times it happened and look at the significant effect that it made.

Bitcoin always increases its price due to that and by 2020, same impact is likely to happen. And if the current trend that we are experiencing now is the sign of it, without a doubt that price will increase after that.


Around the days of halving price increase have taken place. During the last halving there isn't any price increase by the particular date.. There was decline in the price which showed good forward price pumping after few weeks. The same too is also termed to be the very initial growth point to reach the ath of bitcoin. This time too we can expect similar growth patterns by those days.
The price increase effect occurred after the halving if you can remember that moment. It was 2016 and the vast effect occurred late 2017 and I think that halving has contributed to the process until it has reached the peak.

Expected increase and growth for the market will come but as we have said, to those that have been rushing for that increase. We can't say if the effect would take immediately or after the halving.

Oh i see ,  so you are saying that after the 2020 halving the price wont increase instantly ?  But the growth will only take place after 1 year ?   2021 to be exact   .  thats too far away and i cant wait  for that too long because im not an patient person  .  i guess ill still continue to sell my coins  . i will only hodl them when we are close to that said year  .
hero member
Activity: 3038
Merit: 634
March 07, 2019, 08:23:31 PM
#68
Or maybe nothing significant happens...
It's very unusual scenario if nothing happens, check all those times when halving occurred. Few times it happened and look at the significant effect that it made.

Bitcoin always increases its price due to that and by 2020, same impact is likely to happen. And if the current trend that we are experiencing now is the sign of it, without a doubt that price will increase after that.


Around the days of halving price increase have taken place. During the last halving there isn't any price increase by the particular date.. There was decline in the price which showed good forward price pumping after few weeks. The same too is also termed to be the very initial growth point to reach the ath of bitcoin. This time too we can expect similar growth patterns by those days.
The price increase effect occurred after the halving if you can remember that moment. It was 2016 and the vast effect occurred late 2017 and I think that halving has contributed to the process until it has reached the peak.

Expected increase and growth for the market will come but as we have said, to those that have been rushing for that increase. We can't say if the effect would take immediately or after the halving.
legendary
Activity: 2058
Merit: 1015
March 07, 2019, 05:38:57 PM
#67
I'm expecting it to have the same effect as the previous one. Few months after the halving price will increase and will set a new ATH. Well, that's just my guess base on what happened before. I could be wrong tho since expectation sometimes are not happening but hope history repeat itself. If ever, then same cycle will going to happen in the following years.
hero member
Activity: 994
Merit: 502
March 07, 2019, 02:21:44 PM
#66
Or maybe nothing significant happens...
It's very unusual scenario if nothing happens, check all those times when halving occurred. Few times it happened and look at the significant effect that it made.

Bitcoin always increases its price due to that and by 2020, same impact is likely to happen. And if the current trend that we are experiencing now is the sign of it, without a doubt that price will increase after that.


Around the days of halving price increase have taken place. During the last halving there isn't any price increase by the particular date.. There was decline in the price which showed good forward price pumping after few weeks. The same too is also termed to be the very initial growth point to reach the ath of bitcoin. This time too we can expect similar growth patterns by those days.
hero member
Activity: 3038
Merit: 634
March 07, 2019, 12:46:15 PM
#65
Or maybe nothing significant happens...
It's very unusual scenario if nothing happens, check all those times when halving occurred. Few times it happened and look at the significant effect that it made.

Bitcoin always increases its price due to that and by 2020, same impact is likely to happen. And if the current trend that we are experiencing now is the sign of it, without a doubt that price will increase after that.

hero member
Activity: 2814
Merit: 911
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March 07, 2019, 12:23:37 PM
#64
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?
If you look at the current market trend you will understand that the market is showing signs of improvement and the signals are bright to buy at this juncture.Halving is one of the major component in this positive signal and the market will recover in the coming months and we have seen those signals in the past few weeks as we had a short burst to test the resistance and it could not hold for a long time, we will see those movements in the future and this is the best time to invest if you have any plans to invest in this market.
jr. member
Activity: 268
Merit: 1
March 07, 2019, 12:05:09 PM
#63
I think the price may increase after each change of reward per block, but the price will always depend on the number of people and companies that will trade with btc.
Upon further change in the value of the rewards for a block used in 2020, the number of mined bitcoins will fall to 864 each day and the rewards for the block will be split.
In 2024, with another reduction, it will be 432 per day. Sometime around the year 2032 will be mined for almost 99% of all Bitcoins. If bitcoin legalizing worldwide, the price could go up rocket manner.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
March 07, 2019, 10:34:24 AM
#62
I wonder when will we start to see the affects of this halving. Maybe we already have ? I don't know, smart investor is putting their money where their mouth is and we all know the halving will make miners costs double of what it is today so it should be going up by logic.

Of course, there are a lot more stuff in play here than just "halving equals higher price" but that seems like the commonly expected thing from bitcoin. Which means if the price will go up, will it go up right after the halving ? I doubt so, people will start to buy bitcoin before halving happens which will increase the price and I wonder when will it start, will it start couple days from halving? Will it be months before halving ? Has it already started ? We don't know and I can't wait to find out.
legendary
Activity: 1946
Merit: 1137
March 07, 2019, 01:55:25 AM
#61
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?

The price will, in the next few months start to climb slowly until the halving. A few months after the halving we’ll have an epic bull run which has happened shortly after every halving we’ve had so far.

i agree with the first part. we will see a rise from now until the halving because that is the nature of bitcoin which always rises and so far we had more than a year of drop which is more than enough and it can not go on forever. so there is no other option but to rise.

but i think you are wrong about the second part, we have always seen the "big bull runs" BEFORE the halving not AFTER it. the thing we see afterwards is the continuation of that growth that i said before, the natural growth that will be sped up by then.
jr. member
Activity: 192
Merit: 1
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March 06, 2019, 01:24:27 PM
#60
I think it will affect the scarcity of bitcoin and because of scarcity it will make the price of bitcoin grow even higher.
jr. member
Activity: 45
Merit: 8
March 06, 2019, 12:58:27 PM
#59
It depends on what's the price of BTC and the state of the crypto market at the time. Maybe it'll create a Moon. Or maybe nothing significant happens...
hero member
Activity: 1176
Merit: 509
March 06, 2019, 11:00:29 AM
#58
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 my opinion, Bitcoin price will sky rocket after the halving because there is only limited supplies while the demand is increasing specially now that cryptocurrency is becoming a trend worldwide. You will surely regret it if you don't have Bitcoin right now while the price is still cheaper.
full member
Activity: 664
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March 06, 2019, 10:25:55 AM
#57
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?
Depending on the market's need to own Bitcoin. If demand in 2020 increases, Bitcoin price will increase greatly because of reduced supply. This will happen oppositely if the demand for owning Bitcoin decreases.
legendary
Activity: 2436
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March 06, 2019, 10:22:13 AM
#56
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?
Obviously 2020 bitcoin halving will affect the price of btc. Yes already 85% of btc already mined and 15% rest. After halving miners will get lower amount of btc than now. So price will be increase after halving I think. And since 2018 was  bearish and 2019 is running also like 2018. So if bitcoin will not bullish  in this 2019 then surely I think 2020 will be the bullish  markets. Thanks 
legendary
Activity: 2030
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March 06, 2019, 10:03:01 AM
#55
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?

Bitcoin production will halve again, so logically the price might go up, as it has done after every halving before.



In the previous halving the new shiny S9 would do 12TH/s, Currently the S15 can do 28T, but as Bitmain anounced a "28% more efficient chip", we should be thinking 35TH, that is unless MicroBT delivers a master piece again... They are already delivering 33T~55T (M10~M10S) with 16nm chips, what could they do with 7nm chips?
hero member
Activity: 1260
Merit: 524
March 06, 2019, 09:57:08 AM
#54
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?

You should be knowing that in this 85% only some 20 or 30% is in circulation and balance are locked by investors for long term and most of them have lost their private keys when the price was very low in the starting time. So this is why market is moving with less bitcoin available and 2020 halving make miner reward half so after halving they will receive only half quantity btc which will force the price to move up due to demand in supply.
legendary
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March 06, 2019, 09:51:05 AM
#53
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?

The price will, in the next few months start to climb slowly until the halving. A few months after the halving we’ll have an epic bull run which has happened shortly after every halving we’ve had so far.
legendary
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March 06, 2019, 09:45:24 AM
#52
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.
If tracing back history, halving got a good impressions for investors and traders, it's been expected to have a good rise each time this things comes up,
most traders believes that it's also the perfect timing for whales to pumped the market and begin to really workout and bring huge money inside this
industry, learned from the past and enjoy saving your coins till 2020.
sr. member
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March 06, 2019, 09:40:13 AM
#51
85% of Bitcoins are already mined. It means that very few amount of Bitcoins are yet to be mined. So miners will earn less and it surely affects Bitcoin price because supply will not increase, demand will increase for Bitcoin purchase. So market price of Bitcoin will hit to the upward trend.
You don't have to explain it again, bitmover's reply is already understandable.

This is what we expect from bitcoin in 2020, but I think it will still depend on how the investors react on this and if there is more regulations with bitcoin and other coins.
If most of us have been observing the price of Bitcoin we should have an idea when will the investors pull the trigger. It could be in 2020 but on the last two halving we've seen how long it took for the price to increase.

Price chart and price history speaks. Halving always bring the cryptocurrency market on hype not only just for bitcoin because the rest alternative coin depends on value of bitcoin also. The last two halving we had vastly caught investors to proceed with crypto investment and no doubt there will be more on year of 2020.
legendary
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March 06, 2019, 06:48:07 AM
#50
85% of Bitcoins are already mined. It means that very few amount of Bitcoins are yet to be mined. So miners will earn less and it surely affects Bitcoin price because supply will not increase, demand will increase for Bitcoin purchase. So market price of Bitcoin will hit to the upward trend.
You don't have to explain it again, bitmover's reply is already understandable.

This is what we expect from bitcoin in 2020, but I think it will still depend on how the investors react on this and if there is more regulations with bitcoin and other coins.
If most of us have been observing the price of Bitcoin we should have an idea when will the investors pull the trigger. It could be in 2020 but on the last two halving we've seen how long it took for the price to increase.

Yes, you will be a millionaire someday. It's better to collect more bitcoin from now on before the price increase higher. You have a big chance to make a lot of money if you have much bitcoin and when that time arrives, you can sell your bitcoin to convert into fiat, and I am sure that you will be the richest person in your family.
There's no need to give him an advice what if he can't afford to buy more than what he has now?
full member
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March 06, 2019, 05:56:58 AM
#49
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?

2020 halving should contribute to a higher price, as rewards from mining will be reduced.

This means less Bitcoin will be produced in the future, and if adoption rate will increase,  we'll have a higher demand and lower supply.
This is what we expect from bitcoin in 2020, but I think it will still depend on how the investors react on this and if there is more regulations with bitcoin and other coins. I’m saving every week with bitcoin, just in case there’s a big bull run. Speculations are well come, but only time can tell so let’s wait for it and while waiting don’t forget to invest.
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March 06, 2019, 05:31:18 AM
#48
BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $4 million by the end of 2020.
Then I will be a milionare then, I have 0,5btc now

Yes, you will be a millionaire someday. It's better to collect more bitcoin from now on before the price increase higher. You have a big chance to make a lot of money if you have much bitcoin and when that time arrives, you can sell your bitcoin to convert into fiat, and I am sure that you will be the richest person in your family.

We don't know if when bitcoin halving in 2020 will push the price to go up but the possibility to see the highest price will be wide open and when we can save a lot of bitcoin, you can imagine how much money you can make when the bitcoin price can increase more than $20k in 2020.

Many people still collecting more and more bitcoin from trading and I guess that they are trying hard to get profit in bitcoin and usdt and then they can buy bitcoin when it's down.
hero member
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March 06, 2019, 03:35:18 AM
#47
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?
Yes i think bitcoin halving block in 2020 will affect in the its price, because on the bitcoin halving block the supply of bitcoin is reduced by system,we know that bitcoin is so popular around the world it will make increase the demand for the bitcoin. And the other reason remember history will reapet its selfe, we can see the last of bitcoin halving block, it was made the price of bitcoin increased. So the next bitcoin halving block will make the price of bitcoin to be more expensive.
newbie
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March 06, 2019, 03:25:33 AM
#46
BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $4 million by the end of 2020.
Then I will be a milionare then, I have 0,5btc now
jr. member
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March 06, 2019, 02:46:55 AM
#45
BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $4 million by the end of 2020.
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March 06, 2019, 01:55:48 AM
#44
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?

2020 halving should contribute to a higher price, as rewards from mining will be reduced.

This means less Bitcoin will be produced in the future, and if adoption rate will increase,  we'll have a higher demand and lower supply.
member
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March 06, 2019, 01:07:42 AM
#43
Rewards for mining bitcoin will be reduced and law of supply and demand will take place ,its that simple so the market price will hit up for sure and not just in 2020 only but in the future too,this is why I personally think cryptocurrency is better and safer than the dot.com era
full member
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March 06, 2019, 12:44:35 AM
#42
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

85% of Bitcoins are already mined. It means that very few amount of Bitcoins are yet to be mined. So miners will earn less and it surely affects Bitcoin price because supply will not increase, demand will increase for Bitcoin purchase. So market price of Bitcoin will hit to the upward trend.
hero member
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March 06, 2019, 12:26:18 AM
#41
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

that depends weather the world will still care as much about bitcoin as before, you are doing an assumption of constant significance.

Well to be fair, the topic at hand is really all about assumptions. We only really know of one variable, which is supply, and we have to provide the rest. We know that the demand won't remain completely constant, but it's easier to assume that it will especially if it's just for some random thought exercise.
legendary
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March 06, 2019, 12:25:17 AM
#40
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?
When Bitcoin is increasingly in demand, the price of Bitcoin will increase. In 2020 it is estimated that all Bitcoin will be finished mined and at that time there will be no more mining Bitcoin, everyone will focus on using Bitcoin in life, this is the reason why the price of Bitcoin will continue to increase in the future.
legendary
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March 06, 2019, 12:11:38 AM
#39
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?
From every halving that already came, it can boost bitcoin price because a lot of people think supply will reduced and demand  will be increased. Only because supply and demand theory already can pump bitcoin price.

that is only a small period of time when the market is too hyped up and price jumps for about a two or three weeks before it comes down. each past two halvings was exactly like this. it has nothing to do with supply, it is jut people getting too excited for no reason.

the real rise has always came AFTER the halving. because it is then that NEW supply is actually being halved from 1800 BTC/day to 900BTC/day.
sr. member
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March 05, 2019, 11:47:20 PM
#38
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

that depends weather the world will still care as much about bitcoin as before, you are doing an assumption of constant significance.
newbie
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March 05, 2019, 11:44:43 PM
#37
Bitcoin is a system where its price is determined by its demand and supply.It is impossible to predict the price of Bitcoin.Of course, the effect of the halving. Direct identity of Bitcoin can result in two things that are a good and worth, but so far we have seen well, but by 2020, the price of bitcoin may not increase too much because it can not be predict.But I think the price of Bitcoin should be $ 10000 by 2020
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March 05, 2019, 11:44:08 PM
#36
The growth of tokens will be small but exponential to reach one million by December 2020
hero member
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March 05, 2019, 11:22:00 PM
#35
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?
From every halving that already came, it can boost bitcoin price because a lot of people think supply will reduced and demand  will be increased. Only because supply and demand theory already can pump bitcoin price.
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March 05, 2019, 09:26:21 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
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March 05, 2019, 03:24:40 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
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March 05, 2019, 03:17:27 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
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March 05, 2019, 03:15:52 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
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March 05, 2019, 03:13:35 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
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March 05, 2019, 02:46:37 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
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March 05, 2019, 02:39:30 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
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March 05, 2019, 02:37:40 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
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March 05, 2019, 02:33:14 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?
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March 05, 2019, 02:32:47 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
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March 05, 2019, 02:23:30 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
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March 05, 2019, 02:14:31 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
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March 05, 2019, 01:15:08 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.
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March 05, 2019, 12:50:20 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
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March 05, 2019, 11:26:31 AM
#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
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March 05, 2019, 11:10:15 AM
#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.
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March 05, 2019, 11:01:55 AM
#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
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March 05, 2019, 10:42:34 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.
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March 05, 2019, 10:36:00 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
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March 05, 2019, 10:11:39 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.
legendary
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March 05, 2019, 09:23:37 AM
#14
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?
The same way it affected it in 2017. There will too much interest chasing the few btc. We all know that price reacts upwards whenever demand surpasses supply. It will be nice to experience such scenario once again as it will enable the Altcoins gain momentum too.
legendary
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March 05, 2019, 09:02:21 AM
#13
As far as the last halving is concern, it took months before we can finally see a dramatic turn on the price. So if history repeats itself, we need to wait for at least 4-5 months to see the positive effect on the event. And if everyone is anticipating a sudden bull-run because of the halving, you maybe disappointed. The bull-run if even should happen after the halving, is not going to happen overnight so just remember that.
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March 05, 2019, 09:01:36 AM
#12
I expect people to be selfish with their bitcoin when halving is set to take place, this will naturally lead to jealous hoarding of the precious digital gold from the current 12.5BTC per block reward to 6.25btc block reward. Although, we still need some good inflow of liquid (money) to the general coinmarket to see a significant bull run. For the guys that have been shouting "death to bitcoin", I just hope they won't take a gun and injure themselves for missing a golden opportunity!
legendary
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March 05, 2019, 08:46:07 AM
#11
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.
legendary
Activity: 3038
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March 05, 2019, 08:28:18 AM
#10
That is why in all prediction forecast sites 2020 has the most price increase and I really think the analysis has come up with predicting the price when Halving occur, We can see that many are coming back in bitcoin and because of this event I think some Altcoins will increase or decrease and I think 2020 will be the recovery of bitcoin and all cryptocurrency and can be a way to open up a bull run movement again.
sr. member
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March 05, 2019, 08:10:02 AM
#9
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.
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March 05, 2019, 07:50:41 AM
#8
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March 05, 2019, 07:49:55 AM
#7
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.
economics and business indeed lead to supply and demand so that forming a good price, regarding most of the exchange must have its own strategy to deal with the general supply that you say and miners will always be there in every transaction carried out by exchange or personal
sr. member
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March 05, 2019, 07:41:45 AM
#6
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.
sr. member
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March 05, 2019, 07:39:57 AM
#5
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?
Actually, it will totally affect it's price and maybe in the before the next halving the demand of bitcoin will might increase so the price will increase as well. All of us are waiting for the halving because it can be the key to spike the price of bitcoin so we just need to wait until 2020.
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March 05, 2019, 07:20:13 AM
#4
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.
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Activity: 924
Merit: 148
March 05, 2019, 07:19:21 AM
#3
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.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
March 05, 2019, 07:03:08 AM
#2
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
newbie
Activity: 14
Merit: 1
March 05, 2019, 06:36:40 AM
#1
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?
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