Topic: Bitcoin Halving 2020 (Read 1074 times)
The term “halving” refers to a programmed-in event in bitcoin's code, which reduces the reward per block mined by 50% every four years to control inflation. Bitcoin halved on May 11, 2020, around 3 pm est. A Bitcoin halving event is when the reward for mining Bitcoin transactions is cut in half. This event also cuts in half Bitcoin's inflation rate and the rate at which new Bitcoins enter circulation.
Going by the last halving and the time that price bull, we still have time till the end of this year. So I support that $15,000 or more could be the price at the end.
Bitcoin, which has already more than doubled in value to over 9,000 is expected to rise further by 2020, with many investors calling the next great one Ewing. Halving is used as a way to prevent inflation from declining bitcoin prices Bitcoin prices usually rise after halving. This halving occurs once every few years since it has risen by almost half its massive demand will increase in the future.
There is so much talk about halving of bitcoin that it is already increasing the popularity of the upcoming process. Most likely this will positively affect the price and it will go up after the halving. It seems the most logical in the current situation.
I agree very much with you, we will notice the change in price not now but certainly in many months (if not in a year, i hope).
There may even be a price drop due to the somewhat peculiar situation of the markets that have gone mad due to the covid. We need to wait 2021
There may even be a price drop due to the somewhat peculiar situation of the markets that have gone mad due to the covid. We need to wait 2021
July 2016 to Dec 2017 is how long it took for btc to do a run.
although by sept 2017 we had moved up a lot.
so based on those moves may 2020. should be july 2021 oct 2021
not now.
it was around 700 july 2016
it was about 1000 jan 1 2017
it was around 4000 sept 2017
it was around 19800 dec 2017
although by sept 2017 we had moved up a lot.
so based on those moves may 2020. should be july 2021 oct 2021
not now.
it was around 700 july 2016
it was about 1000 jan 1 2017
it was around 4000 sept 2017
it was around 19800 dec 2017
In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.
In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.
but it must also be remembered that in crypto there can be changes that we cannot know about.
I have these details when halving happened in the past so that it could be a reference.
Halving November 2012 ----> December 2013 peak increase.
Halving July 2016 ----> December 2017 peak increase.
Halving May 2020 ----->
how many changes will occur in 2021, a lot of speculation and analysis are circulating. but whether it will happen, all the time also determines.
We need to wait at least few more months to see if the history will repeat . If bitcoin will reach the same price 2017 highest peak then there are more chances to see at least $50k/btc in 2021. But as you guys said the second pandemic wave might affect bitcoin again like few months ago when covid started.
In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.
In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.
but it must also be remembered that in crypto there can be changes that we cannot know about.
I have these details when halving happened in the past so that it could be a reference.
Halving November 2012 ----> December 2013 peak increase.
Halving July 2016 ----> December 2017 peak increase.
Halving May 2020 ----->
how many changes will occur in 2021, a lot of speculation and analysis are circulating. but whether it will happen, all the time also determines.
We need to wait at least few more months to see if the history will repeat . If bitcoin will reach the same price 2017 highest peak then there are more chances to see at least $50k/btc in 2021. But as you guys said the second pandemic wave might affect bitcoin again like few months ago when covid started.
In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.
In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.
but it must also be remembered that in crypto there can be changes that we cannot know about.
I have these details when halving happened in the past so that it could be a reference.
Halving November 2012 ----> December 2013 peak increase.
Halving July 2016 ----> December 2017 peak increase.
Halving May 2020 ----->
how many changes will occur in 2021, a lot of speculation and analysis are circulating. but whether it will happen, all the time also determines.
In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.
In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.
Right now, bitcoin is still not moving and it is still in a $9,000. Before the month of June, it reached $10,000 but after that there's no improvement in its price. The hype about the bitcoin's price after halving is not a guaranteed price for a long-term profit. We should not rely or trust on halving if we want to earn huge profit in bitcoin, the only thing that we need to do where we will have a good profit is to patiently wait for the right time to buy and sell. This pandemic really makes it price to become passive, due to economic crisis that we are experiencing right now. We also experienced recession these past few months including this month. Hoping that the next halving in 2024 will become successful with the bitcoin's price.
In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.
In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.
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We have been waiting for the halving for 2 months. I am not sure that this will happen now, but in August, it may be so.
We are still waiting for the bull run, and bitcoin halving itself is happening for 2 months ago. We don't know if that will happen in August or not, but the bull run will come soon. I am sure that in the future, the bitcoin price will increase so high, and although we don't know how much bitcoin price will be, we will be happy if the price will be more than $20k, and it will go to that price someday.
The hype around the Bitcoin halving was so much that one would think waking up one day, the price of Bitcoin will be above $30k, let's continue being optimistic and hope things turns out good for holders.
It is not very late for the price to be above $20k again
Before we go to that price, bitcoin price will be change, and I think it will still up and down, and give more surprises to people. Only people who are ready with anything that can survive and use the chance to buy and sell or even to hold bitcoin for a long time. The bitcoin price will be more than $20k, and we will see that price again.
Bad result from bitcoin halving because price keep the same and not effective halving could make bitcoin on higher price, but I am waiting next time will bitcoin back to higher price or keep waiting for next halving. Just on this time bitcoin not get positive respond after halving moment with stay on lower price and not get good respond from many investor to hold and interested to buy bitcoin again.
You don't need to worry because if you see the last halving, bitcoin price does also not increase in a short time after halving. Bitcoin price will increase at the right time, and the investor will be interested in buying bitcoin at that time. We can prepare from now on while bitcoin price does not increase, so we can have the time to see the price start, and we will be ready to sell at the highest price.
It is very difficult to be able to know the price that the bitcoin coin will reach, as it is an unstable currency and is witnessing continuous fluctuations, therefore I cannot give you. However, we are likely to see price rises at the end of this year
Yes, it’s still early to be talking about what effect the Halving is going to have. It’s not going to kick off and start happening immediately, it takes time before it starts happening. The other ones that happened in previously triggered massive bull run in 2013 and 2017 respectively, should have taught us some things by now. We should know now that it doesn’t just go boom and all of a sudden prices are up.It takes time before things matures to what they are meant to be. And this year has been really something else, from one thing to another. But I pray things get better with time. To experience the real consequence of halving 2020, we must need the ongoing pandemic to be settled down. Because only after that we can expect investors start thinking about adopting cryptocurrencies.
It is very difficult to be able to know the price that the bitcoin coin will reach, as it is an unstable currency and is witnessing continuous fluctuations, therefore I cannot give you. However, we are likely to see price rises at the end of this year
We have been waiting for the halving for 2 months. I am not sure that this will happen now, but in August, it may be so.
We are still waiting for the bull run, and bitcoin halving itself is happening for 2 months ago. We don't know if that will happen in August or not, but the bull run will come soon. I am sure that in the future, the bitcoin price will increase so high, and although we don't know how much bitcoin price will be, we will be happy if the price will be more than $20k, and it will go to that price someday.
The hype around the Bitcoin halving was so much that one would think waking up one day, the price of Bitcoin will be above $30k, let's continue being optimistic and hope things turns out good for holders.
It is not very late for the price to be above $20k again
Bitcoin Halving 2020 is set to occur on 12 May 2020, but with ongoing fluctuating scenarios on various fronts makes me sceptical about the future market situation.
If you are really into bitcoin halving effect then you must learn that this is just a over night scenario because there are a duration of waiting,it can take months or even years before finally revealed the true effect so basically?if you are not ready on this then never invest in Bitcoin instead choose shitcoins that can grow in an hour and drop in a minute.
Do you think we will see again the halving of the bitcoin?
It is noticeable that whenever halving event had taken place an increase in the price of Bitcoins observed. Right now price of BTC is stable but I think by the end of 2020 price of 1 BTC would be around $15k. There are many predictions that the price could be $100000 within next 12 to 18 months but it seems impossible but lets hope for the best. Raoul Pal who is a former Goldman Sachs hedge-fund manager claimed that the price of one bitcoin could reach 1 million dollar before the next halving event.
Maybe more precisely the situation this year with the pandemic made some people pessimistic about the crypto market and even in many other sectors, but after three weeks passed after bitcoin halving we at least got a good rally yesterday about bitcoin being able to break its resistance at 10k and that is something a good sign if the situation because of this pandemic does not affect or hinder the market to go up.
it seems like what the corona pandemic fears will erode the crypto market is not proven at all, although it is possible for a new project to grow, it is clear that the corona pandemic is very influential although not much. some require additional time to wait for the pandemic to subside. but overall the crypto market is very good with bitcoin being able to break through $ 10K, although it doesn't take long to come back down. but overall bitcoin can still survive until it not falls at $ 8K and stays around $ 8K-S9K long enough.bitcoin is expected to move up at its peak next year according to the predictions of halving ago where bitcoin takes one year.
maybe the next few months will start to look bitcoin will move slowly to reach its destination.
We have been waiting for the halving for 2 months. I am not sure that this will happen now, but in August, it may be so.
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