Halving's done.
Or you mean the 2024 halving?
I doubt it that it's the one that you're pointing out. The world market has been affected of covid19 and before, we all thought that it will make bitcoin crash but it seems that it's not the case. Because even until now, it's standing still.
Topic: Covid-19 effects on Bitcoin - page 2. (Read 179 times)
Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?
Wow it took so long to get that message pushed.
There are of course many ways the COVID would affect world economy and bitcoin as well. But we can't conclude whether it would be/has been beneficial to the price of bitcoin as there are several factors that are forcing people to both buy and sell their coins.
I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!
The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.
Halving and covid 19 has nothing in relation, bitcoin halving is normal event in bitcoin circulatory supply, it occurs every four years, so far bitcoin is existing, covid 19 has no effect on bitcoin halving, it can only have effect on bitcoin price. And like you said, by 2024 which is the year for the next halving, covid 19 will be long gone and it will have no effect on the price as well. The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!
The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.
Certainly CV19 had an impact in dampening prices across all of crypto (as well as the 'normal' non-crypto markets).
But I think halving was priced in anyway - we all knew that it was going to happen; there would not have been any logical reason for a sudden huge price lift the instant that halving occurred.
But I think halving was priced in anyway - we all knew that it was going to happen; there would not have been any logical reason for a sudden huge price lift the instant that halving occurred.
Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?
First of all there is no upcoming halving atleast for next 4 years. Halving has already taken place a month back. Moreover it's sort of an automatic event which would happen irrespective of COVID-19. How can it be a non-event?What I think you are trying to ask is that, bitcoin halving might not have impact on price due to COVID-19. First of all you need to understand that Halving is not a guarantee that there would be the next bull run. So the answer to your question is both Yes and No. As significant event Halving was for bitcoin so was the lockdown during Covid for Economy. Now, one school of thought thinks that COVID would have positive effect on crypto therefore both halving and covid will have positive impact then price could rally up. But if Covid has negative impact on Crypto then both could offset each other and we might not see any significance of this Halving. But halving reduces supply in a bit long term not instantly so we have to wait for an year atleast to see effects of Halving on BTC.
Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?
I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!
The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.
Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?
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