Billy Bamborough could be a genuinely good writer, and he's riding his Forbes credentials pretty well on most days, but he probably ruins his good stories with this kind of drivel.
I couldn't agree more that Libra should never have been in the Bitcoin equation... but if you believe that, then you surely believe that Starbucks adoption can't have any impact either.
Besides, we all know that kind of adoption's got nothing to do with actual Bitcoin acceptance. It'll just mean another high-profile customer for BitPay (or some other 3rd party processor). So what?
Topic: Forget Bitcoin Halving! - page 4. (Read 757 times)
Lol, historically bitcoin halvening proves to be the catalyst for an eventual bull run, just like we have witnessed in 2017, so how dare you say that we forget about it? Laughable.
I would agree that the news you mentioned might bring bitcoin price to the next level, however, those are just minor compare to block halvening in 2020. All eyes are set on it next May, but don't expect the price to go to the moon overnight, might take weeks or months before we can see the effect. Also remember the Bakkt support of Starbucks will happen mid 2020.
https://medium.com/bakkt-blog/unlocking-the-value-of-digital-assets-bdda43214720
I would agree that the news you mentioned might bring bitcoin price to the next level, however, those are just minor compare to block halvening in 2020. All eyes are set on it next May, but don't expect the price to go to the moon overnight, might take weeks or months before we can see the effect. Also remember the Bakkt support of Starbucks will happen mid 2020.
Quote
All of these efforts amount to supporting the flywheel that drives broader acceptance, which is at the core of our mission that we will continue to bring to reality in 2020. Over the last year, we’ve assembled a strong team of payments engineers and are nearing completion of our core payments and compliance platform. We’re now focused on the development of the consumer app and merchant portal, as well as testing with our first launch partner, Starbucks, which we expect in the first half of next year. Don’t forget — you can receive exclusive pre-launch updates and early access to the consumer app by signing up for updates from our team.
https://medium.com/bakkt-blog/unlocking-the-value-of-digital-assets-bdda43214720
Oh no man! Nobody ever gets to forget the Bitcoin halving that's gonna come our way on May 2020.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price. But , If you take a look how the 1st and 2nd halving took where the market now, you wont be able to resist from remembering how remarkable the Bitcoin reward halving is.
Halving is half a year away. It can be a trigger of higher prices, but it's not going to be here anytime soon. So maybe focusing on something that's happening these days is a good idea. I got a question about Starbucks, though. I remember reading articles a while ago, that Starbucks accepts Bitcoin when you want to pay with it, but does not publicly admit it. So this is not the first step of this company towards Bitcoin, and moving to Bakkt will probably give more fame to Bakkt than price ups to the actual Bitcoin market. I think in this sense Bakkt is kind of like Libra (not affecting the market directly). So taking this into account, maybe halving is something to look forward to, even though it's months away. Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price. But , If you take a look how the 1st and 2nd halving took where the market now, you wont be able to resist from remembering how remarkable the Bitcoin reward halving is.
People are often excited about bitcoin being applied in practice as it is used for payment at Starbucks. The reality is that there are many websites and e-commerce platforms that accept payments in Bitcoin or other cryptocurrencies, but recent trends show that they are rarely trusted. As a result, some websites are starting to eliminate cryptocurrency payments.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price.
Huh, I wasn't aware that starbucks had announced that so thanks for the heads up. I'm not sure how much of an impact that's going to have on bitcoin's price, tho. Every other time some big retailer has started accepting bitcoin it hasn't exactly led to a long lasting price increase.The halving is pretty important in my opinion, and probably more important than the starbucks news. Bakkt had an impact on the price, but it's hard to tell if it was good or bad because there was a major swing since they launched. In their first week or so the price crashed like $2000 but has since recovered. Anyway, bitcoin's price might already have adjusted for the halving and if it hasn't then I'm not sure if it's going to see a significant increase.
I recall the last halving when bitcoin started to rise well before the actual event, and it could be the same this time. It's hard to tell and I haven't read anything about it from economists or people who would know.
So you really think there are people who are able to predict the price of Bitcoin several months in advance? 
Who are these people? They should be the wealthiest people of the world...
bitcoin adoption is growing and that is the only reason why its price have ever increased and will continue to increase. in other words you should never even think about halving because halving has nothing to do with adoption (aka demand) but only influences the supply.
things such as adoption of bitcoin by a big chain like Starbucks is a good indication of adoption and that is also helping it in the future (the growth of it) which is why it is important for the price rise.
things such as adoption of bitcoin by a big chain like Starbucks is a good indication of adoption and that is also helping it in the future (the growth of it) which is why it is important for the price rise.
Also by the use of large company can increase the potential of other company to use it too if it will succeed. Starbucks customer has also encourage to invest from bitcoin on its curiosity and also to increase the popularity of bitcoin and that was the advantage of adoptation of Starbucks about bitcoin.
It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
This will definitely give more confident to potential investment and that's the only way we will get benefited as it will pool in more investment but as far as using bitcoin as payment for Starbucks even I don't think people will prefer it because of volatility and it's not the quickest way of payment.
As long as there is a very positive change in bitcoin, everyone will be happy to hear the news and will continue to invest in bitcoin. the potential of bitcoin is still the best for crypto and will continue to grow on its own. for payments with bitcoin is a progress in itself, but there are still many who have not and feel that the method of payment with bitcoin is the best solution.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price.
Huh, I wasn't aware that starbucks had announced that so thanks for the heads up. I'm not sure how much of an impact that's going to have on bitcoin's price, tho. Every other time some big retailer has started accepting bitcoin it hasn't exactly led to a long lasting price increase.The halving is pretty important in my opinion, and probably more important than the starbucks news. Bakkt had an impact on the price, but it's hard to tell if it was good or bad because there was a major swing since they launched. In their first week or so the price crashed like $2000 but has since recovered. Anyway, bitcoin's price might already have adjusted for the halving and if it hasn't then I'm not sure if it's going to see a significant increase.
I recall the last halving when bitcoin started to rise well before the actual event, and it could be the same this time. It's hard to tell and I haven't read anything about it from economists or people who would know.
No one will forget Bitcoin halving because it is as special as the FIFA or the Olympics Games. It happens only every 4 years. And the anticipation is really high. People's imaginations are awakened because of the Bitcoin halving happening in 2020. They are salivating even if they are not even certain that it will cause a big pump.
It is one thing to read Starbucks now accepting Bitcoin and another to read customers start using Bitcoin to pay for their favorite Starbucks coffee. The one is good, the other is better.
It is one thing to read Starbucks now accepting Bitcoin and another to read customers start using Bitcoin to pay for their favorite Starbucks coffee. The one is good, the other is better.
It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
This will definitely give more confident to potential investment and that's the only way we will get benefited as it will pool in more investment but as far as using bitcoin as payment for Starbucks even I don't think people will prefer it because of volatility and it's not the quickest way of payment.
I personally will not forget bitcoin halving in 2020, because as we know in the previous halving event how it influences
its rise to the price of bitcoin is really surprising. So from that halving may 2020 will be the peak price of bitcoin too.
It's not that I underestimate the news about Starbucks adopting bitcoin, but the question is how much influence
to bitcoin prices. And I'm very sure halving will have more effect on raising the price of bitcoin than starbucks adopted
bitcoin. We'll see how it goes.
its rise to the price of bitcoin is really surprising. So from that halving may 2020 will be the peak price of bitcoin too.
It's not that I underestimate the news about Starbucks adopting bitcoin, but the question is how much influence
to bitcoin prices. And I'm very sure halving will have more effect on raising the price of bitcoin than starbucks adopted
bitcoin. We'll see how it goes.
With 30 000 stores around the world Starbucks can serve as a great testing platform for Bitcoin payments. While it is not yet clear whether this service will only be available in the US or worldwide, the question is whether US customers will be interested in paying for coffee with BTC. I say this for the reason that, as far as I know, every purchase in crypto is taxable - so it would be a little odd that every coffee purchased would have to be extra taxed.
In my opinion, halving is something which is sure to happen sometime in May, and Bakkt/Starbucks is something that may and may not happen next year. Halving will certainly have an impact on the price as has been the case so far, and I disagree that it just needs to be forgotten.
Regarding Bitcoin&Gold, only the link mentioned by the author of the article is that gold is/was store of value and today it becomes payment method, but where? Try to go to the store or pay bills with gold - but we have thousands of places where it is possible to use Bitcoin as a payment method. Bitcoin is already better than gold, but most are not yet aware of that.
In my opinion, halving is something which is sure to happen sometime in May, and Bakkt/Starbucks is something that may and may not happen next year. Halving will certainly have an impact on the price as has been the case so far, and I disagree that it just needs to be forgotten.
Regarding Bitcoin&Gold, only the link mentioned by the author of the article is that gold is/was store of value and today it becomes payment method, but where? Try to go to the store or pay bills with gold - but we have thousands of places where it is possible to use Bitcoin as a payment method. Bitcoin is already better than gold, but most are not yet aware of that.
It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support
There is really no reason to released our BTC now especially we know that even there are no events upcoming it is able to arise so what more if those events mentioned by OP will about to happen next year, halving can give huge impact and Starbucks if they will promote or give example discount or bonus to gain additional BTC adoption thru them.
BAKKT will help Starbucks on their adoption and hopefully they succeed on this one. Its true that we should keep our bitcoin while its cheap, don’t sold yet because the best will soon come to us. Halving will still create a big impact especially on the miners and if the miners see this as a disadvantage, we might still see the deep because of this. We have to remain subjective hear every news and don’t predict too much, always play safe this is the best rule for a small investor like me. 
There is really no reason to released our BTC now especially we know that even there are no events upcoming it is able to arise so what more if those events mentioned by OP will about to happen next year, halving can give huge impact and Starbucks if they will promote or give example discount or bonus to gain additional BTC adoption thru them.
I agree I do not think the recent BTC price surge had anything to do with the upcoming Bitcoin halving. I believe it is just the whales controlling the market, trying to fill there bags as much as possible. With more companies accepting it everyday and Bakkt. We should see greater all time highs very soon. But I believe we will see 8k atleast 1 more time before the next big ralley!
To think that Bitcoin halving had anything to do with the price surge is quiet ridiculous. You could say that it affects less (which I don't believe so) but it is true though that it is not just about the halving but rather the collection of good news flooding in like what the OP had stated in his post. Halving is quiet remarkable in a way that it would definitely change the market and would attract a lot of attention among the cryptocurrency enthusiasts in general. 
Since the most rational way to measure the real bitcoin price is mining costs efficiency and miners get bitcoin for every block solved to pay the mining costs, so that the halving really has a great impact on bitcoin price as the block rewards reduce to BTC6.25, which mean the price should increase to cover the cost of mining. Bitcoin adoption is another story, but the impact of bitcoin price can't be measured precisely as the trends in the community determine the price and whales could easily manipulate bitcoin price.
Halving will help the bitcoin price to grow because it will affect the demand and supply. That's why we will never gonna forget the halving since we only have two months left and in May 2020 the start of bitcoin halving. No one knows maybe at Q1 or Q2 in 2020 the bull market will start and that would be the time that most investors are waiting to come. 
Don't think we will ever be able to forget the bitcoin halving - it's likely the biggest thing since ICO's where discovered and became huge.
This is a bit of an interesting story though, from the Forbes article it looks like it's still in development and I am getting a lot of Libra vibes off them. Already several large company partners, wanting to bring to consumers bitcoin, seems pretty similar.
At least this time it's Bakkt, not Facebook, so it has a great chance for success.
This is a bit of an interesting story though, from the Forbes article it looks like it's still in development and I am getting a lot of Libra vibes off them. Already several large company partners, wanting to bring to consumers bitcoin, seems pretty similar.
At least this time it's Bakkt, not Facebook, so it has a great chance for success.
Reference: https://www.forbes.com/sites/billybambrough/2019/10/31/forget-the-halvingcould-this-be-what-sends-bitcoin-soaring-next-year/#2ede27653062
Here are the list of hot news for the past weeks that might impact the bitcoin's market price, volume and adoption.
1. Bitcoin Halving in 2020
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
3. Bitcoin Vs Gold
(I do not include Libra since it don't have direct impact on bitcoin)
In my opinion, through this news about bitcoin, we don't have any reason to leave, or take our money out of the market. What we need is to be prepared for bitcoins market price that will surely soar high any time soon.
We should believe that:
there's no impossible market price that bitcoin cannot achieve.
there's no way government or other party can turn bitcoin down.
nothing can stop bitcoin to help those in needs
bitcoin can be the solution to poor economy
bitcoin will unite the world and make it as one
This might be too pro bitcoin post again. But I know I am doing my best to help bitcoin and crypto in my way.
should you have any opinions about it, post it below.
Bitcoin halving events in the past have led to some of the biggest price surges in the coin's history. Well, apart from the one in 2017, that was pure hype. The point is, not a lot of people are going to forget about it. It is an important event, after all. Just think how much it matters to miners, and you'll understand what i mean.
Since the most rational way to measure the real bitcoin price is mining costs efficiency and miners get bitcoin for every block solved to pay the mining costs, so that the halving really has a great impact on bitcoin price as the block rewards reduce to BTC6.25, which mean the price should increase to cover the cost of mining. Bitcoin adoption is another story, but the impact of bitcoin price can't be measured precisely as the trends in the community determine the price and whales could easily manipulate bitcoin price.
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