BTC Halving Effect??? - page 4. | Bitcointalksearch.org

karanggatak

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Quote from: avikz on November 10, 2019, 09:52:24 AM

If I speak from an economics background, bitcoin halving is expected to rise its price! Because this is deflationary in nature which decreases the supply of it and increases it purchasing power. However, cryptocurrencies are not designed to fit into the definition of standard money so no one can assure you about the outcome! What everyone is doing is, speculation! It sometime goes right and sometime goes wrong! You already have an example, Litecoin. Which didn't come out as expected after halving and the price is in the red zone. Whoever is saying that bitcoin's price will go higher after the halving, they are all speculating and no one is certain about what's going to happen! So don't get confused and don't try to get an answer! Probably you will get it all wrong!

yes I agree with actually no one can ensure that bitcoin will be a bull run after halving in May 2020. we all just hope and speculate. still later that will determine whether bitcoin will rise or not is the bitcoin market. and the bitcoin market is strongly influenced by demand and supply. and requests and offers are influenced by news about bitcoin. hopefully next year there will be a lot of positive news about bitcoin such as adopters and legalization of bitcoin. can drive the price of bitcoin.

jakelyson

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Quote from: Lirnan on November 10, 2019, 09:24:14 AM

Today I read about Litecoin/LTC halving on August 5, 2019 and the halving effect after three months is negative, it's down 30% since the halving.

Is that also what can be expected of the Bitcoin halving?

The effect of halving is not immediate. The fundamental that supports that the price of bitcoin will rise due to halving is supply and demand. The supply getting cut down into half will eventually push the price up. But do not expect it to happen within a few months of halving. The lasting effect will be felt when the majority of BTCs mined before the halving is sold. You can also check bitcoin price history so you'll have an idea of how long after halving the price of bitcoin surges.

alexsandria

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I supposed it will be having an increase in price. It is because supplies would get cut off from half and as it decreases users are about to buy more and more that it directly affects the demand. Since the demand got increased it will have a direct effect in market price. Well from last two halving bitcoin never failed to increase its price though after a following months usually it decreases from a different reasons. Expect it to happen because it really does but what's for sure price will indeed increase.

Febo

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Quote from: Lirnan on November 10, 2019, 09:24:14 AM

Today I read about Litecoin/LTC halving on August 5, 2019 and the halving effect after three months is negative, it's down 30% since the halving.

Is that also what can be expected of the Bitcoin halving?

From June on all coins lost value. Bitcoin Lite coin, Monero. All. Halving have long term influence on supply. Influence is with each halving smaller. It is not the only factor of supply. To get the price supply met the demand. If demand will not increase, price will not magically increase. But pressure of supply will reduce a tiny bit.

rdluffy

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You said you are a newbie but you have a good knowledge
Everyone is expecting a huge increase in price, right?

But look Litecoin, it's a great example that the market isn't follow our logic everytime, we have to be careful about buy and sell because even a situation like that can have a contrary effect

Only time will tell us what's going to happen with halving

Leon83

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The hype around the Bitcoin halving is much bigger than Litecoin's, because Bitcoin is more popular. That might well be the FOMO effect that will start the next major bullrun for Bitcoin like in 2017.

exstasie

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Quote from: pixie85 on November 10, 2019, 05:57:50 PM

People are looking at past halvings and trying to guess what will happen next and for that reason it can be different this time. Bitcoin usually does something unexpected.

Yep, there's no point making predictions, at least until the halving is a lot closer. What happens will be dictated by the preceding trend in the months leading up to it.

If BTC is pumping towards $20K in late Q1, there's a high probability the market will dump into the halving like it did in 2016. On the other hand, if we're still ranging near $10K at that time, a rally or continued sideways into the halving will become more likely.

pixie85

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The halving will increase the price in the long run but there doesn't have to be a pump right before or right after it.

The value of mined coins will be greater bou for that value to influence all the coins in existence we may have to wait.

People are looking at past halvings and trying to guess what will happen next and for that reason it can be different this time. Bitcoin usually does something unexpected.

gantez

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Quote from: avikz on November 10, 2019, 09:52:24 AM

If I speak from an economics background, bitcoin halving is expected to rise its price! Because this is deflationary in nature which decreases the supply of it and increases it purchasing power. However, cryptocurrencies are not designed to fit into the definition of standard money so no one can assure you about the outcome! What everyone is doing is, speculation! It sometime goes right and sometime goes wrong! You already have an example, Litecoin. Which didn't come out as expected after halving and the price is in the red zone. Whoever is saying that bitcoin's price will go higher after the halving, they are all speculating and no one is certain about what's going to happen! So don't get confused and don't try to get an answer! Probably you will get it all wrong!

And you are quite right. It is actually suppose to cause an increase because of maybe more demand which should have originally happened from economics on regulated market but we have seen that maybe because of bitcoin freedom or decentralization, price can go anyway.

squatter

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Quote from: Lirnan on November 10, 2019, 09:24:14 AM

I'm still a newbie and I'm confused.

Bitcoin halving is expected in May, 2020. From what I've been reading about halving, it seems that it should have a positive effect on any crypto coins pricing.

Today I read about Litecoin/LTC halving on August 5, 2019 and the halving effect after three months is negative, it's down 30% since the halving.

Is that also what can be expected of the Bitcoin halving?

To an extent, probably yes. Upcoming halvings are usually seen as a psychological reason to buy or hold. Once they're over, the hype is gone.

You can't view Litecoin's post-halving decline in a vacuum, though. From the start of 2019 to late June, it rose 390% in price. A correction was inevitable. Given that these heights were reached just several weeks before the halving, it's no surprise that price declined so much afterwards.

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Quote from: lionheart78 on November 10, 2019, 11:33:33 AM

It will end like Litecoin halving but the hype effect will be longer than 3 months. If we look at the history of Bitcoin, it takes about more than a year before the halving hype diminish. We can also look at the Bitcoin four year cycle pattern wherein the halving hype effect lasted for more than a year before the bear hit the market.

The future effects of the halving for Bitcoin won't always be longer, the previous ones did but we can't say it'll be the same for all of the future halving events.

Quote from: ?? on ??

Bitcoin will increase in price just before halving because of the forthcoming scarcity of bitcoin as miner's reward will be reduced by half.

The price could increase just a few months before the halving but it's usually the other way around the significant increases happen after.

Quote from: Lirnan on November 10, 2019, 10:39:58 AM

Thanks to all for your sage advice.

With credit given to Digital Asset Management Corp for the original chart in regard to halving (I modified it a bit),
image loading...

BTW, off topic, the website Preview link does not work for me, neither does the Insert Image link.

The insert image works once you're rank is above newbie, here i'll quote it for the others to see.

Chain Clash

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Yeah, Litecoin dropped as the entire market dropped. Also the halving itself is expected to have a bigger impact on Bitcoin because the current market supply is being created by miners selling their rewards. There is generally not a lot of supply in Bitcoin that is being actively traded, so a reduction in supply (at constant demand) should drive the price up.

This can of course be covered by other events, so it's hard to rely on the halving driving price up all by itself.

kingcolex

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Quote from: Lirnan on November 10, 2019, 09:24:14 AM

I'm still a newbie and I'm confused.

Bitcoin halving is expected in May, 2020. From what I've been reading about halving, it seems that it should have a positive effect on any crypto coins pricing.

Today I read about Litecoin/LTC halving on August 5, 2019 and the halving effect after three months is negative, it's down 30% since the halving.

Is that also what can be expected of the Bitcoin halving?

The price ran up before halvening though, also litecoin price is highly dependant on Bitcoins. Bitcoin doesn't have a larger crypto coin that it follows, it leads itself. The halvening drops future supply output.

MURONDI

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if demand remains or increases when bitcoin supply decreases, in theory it can have a positive impact on the price of bitcoin, but the fact is sometimes different, because we never know the will of everyone, the trade was full of surprises, and no one can guess it accurately.

lionheart78

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Quote from: YuginKadoya on November 10, 2019, 11:28:05 AM

Bitcoin will not end up just like Litecoin did even if I am speculating the supply will surely lessen after the Halving that is why I believe the price will rise and many enthusiasts are expecting the price of Bitcoin to pump after the Halving that is why even if the Halving will be a negative the price will surely have a small pump at price because there will be more buying it because they are suspecting the Halving to increase its price.

It will end like Litecoin halving but the hype effect will be longer than 3 months. If we look at the history of Bitcoin, it takes about more than a year before the halving hype diminish. We can also look at the Bitcoin four year cycle pattern wherein the halving hype effect lasted for more than a year before the bear hit the market.

YuginKadoya

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Bitcoin will not end up just like Litecoin did even if I am speculating the supply will surely lessen after the Halving that is why I believe the price will rise and many enthusiasts are expecting the price of Bitcoin to pump after the Halving that is why even if the Halving will be a negative the price will surely have a small pump at price because there will be more buying it because they are suspecting the Halving to increase its price.

mindrust

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It is basic supply an demand stuff.

In May/2020 the block reward for bitcoin will be half of what it is now. Block rewards are being distributed among the miners in every ~10 minutes and miners sell these coins to cover their costs which create inflation. Miners will be having half of the block rewards which means they'll be dumping half of what they do now which is expected as a increase in price.

posi

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Quote from: Lirnan on November 10, 2019, 09:24:14 AM

I'm still a newbie and I'm confused.

Bitcoin halving is expected in May, 2020. From what I've been reading about halving, it seems that it should have a positive effect on any crypto coins pricing.

Today I read about Litecoin/LTC halving on August 5, 2019 and the halving effect after three months is negative, it's down 30% since the halving.

Is that also what can be expected of the Bitcoin halving?

The condition of Litecoin halving can not be use to judge or prediction what will happen during bitcoin halving and the reason why Litecoin yield a negative result instead of positives is because it don't have massive user base level like before, when Charlie decision didn't poison the coin holder and investors mind.
Nevertheless, most altcoin will surge in price when the halving effect take over the market but is not every altcoin that's good for investment.

Lirnan

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Thanks to all for your sage advice.

With credit given to Digital Asset Management Corp for the original chart in regard to halving (I modified it a bit),
https://i.postimg.cc/gJQ16H0B/BTC-Halving-Potential.jpg

BTW, off topic, the website Preview link does not work for me, neither does the Insert Image link.

Jet Cash

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The block mining reward will have a decreasing influence on the value of Bitcoin. As coins are removed from the available pool that was created when the genesis block was laid, the rewards from transaction fees will replace them. We may also see investment houses increasing their block mining activities. After all, what better way is there to move Bitcoin between investment wallets than by using your own mined blocks. It frees you from government restrictions for a start.

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