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Topic: Halving Day Bitcoin in 2020, What is the Effect on Bitcoin Price? (Read 219 times)

sr. member
Activity: 700
Merit: 250
Pretty sure we will be not waiting for halving event on 2020 to reach ATH. Less BTC means less rewards for miners. My prediction for BTC is price in 2020 is $50 k -100k so it can happen that halving would not have any impact.
The $ 50,000 price is coming soon, but we need more investment funds. Currently all markets are in the trade war and many more investors are losing a lot of money because of this war. I believe that when the war is over, investors will start to return to this market and the investment demand will increase, making Bitcoin price reach $ 50,000 at the earliest.
jr. member
Activity: 52
Merit: 2
After the 2016 halving it took a while for Bitcoin to start appreciating, its first reaction has actually been a drop in the price. The same might now happen again in 2020.
full member
Activity: 406
Merit: 102
It is hard to predict its sole effect on the price of bitcoin, it will be more than $50K for me but other factors will have more effect on that.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
It definitely creates more scarcity, but it also definitely doesn't guarantee a rise in price. Demand is still going to be the main factor here, regardless of how much bitcoin is entering the market.

well demand is increasing anyways because more people are adopting bitcoin every day as we speak so new money is always coming in. even if we assume that adoption stops now there is still a lot of investors already in who are investing more money in bitcoin as they want to increase their share of this scarce currency before the mass adoption hits.
hero member
Activity: 3150
Merit: 937
OP,you are kinda answering your own question with this data.The 2020 halving will have some impact over the bitcoin price.It might create some bubbles,but I don`t bet on that.We need other factors that will really increase the demand for bitcoins.Mass adoption,Lightning Network,more liberal crypto regulations etc.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
It definitely creates more scarcity, but it also definitely doesn't guarantee a rise in price. Demand is still going to be the main factor here, regardless of how much bitcoin is entering the market.
hero member
Activity: 854
Merit: 500
Halving will halve the block reward that mean miner's profit will be halved and it should force them to only sell their bitcoins for higher price than before but in most of the case that doesn't happen because most of the bitcoins already mined are in the hand of investors who will dump their holding for even small profit if market tends to go up.

Miners than have to wait for stable growth to sell their coins therefore the effect of having on price won't be a instantaneous one, price might rise just before and after few weeks/months of the halving.
sr. member
Activity: 840
Merit: 375
guys halving day of bitcoin will come in 2020
on bitcoin halving in 2020 coin reward will decrease from 12.5 to 6.25 coins.
what's the effect on the upcoming bitcoin price after halving?
halving in 2012
in 2012 after halving until 2015 bitcoin prices reach new ath for $ 1,122 and market cap 13,541,896,41USD
in 2016 after halving until now bitcoin price has reached new ath again for $ 18,737 and market cap 313,829,260,651 USD
and the bitcoin price at this time decreased to $ 6,262 with a market cap of 107,373,977,932 USD
Seen on every bitcoin halving always reach new ath
whether in next halving later will reach new ath again?
What do you think ?
data taken from
https://www.bitcoinblockhalf.com/
https://coinmarketcap.com/currencies/bitcoin/
I guess there is 2 possibilities,either bitcoin price in 2020 would have significantly increased which won't damage miners revenue,or transaction fees will be again high to compensate the halving of block reward.Any cryptofan would suggest the first option but my opinion is neutral.
hero member
Activity: 750
Merit: 511
As noted above, the dates and events selected are poorly connected. But the influence of halving is definitely positive.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
Too early giving prediction for bitcoin goes into in the 2020, but if asking me I'll go in the positive side hoping the country not accepted bitcoin as currency on that year accept bitcoin as legal and botcoin price become strongest currency in th whole world not only the price expensive reach of bitcoin but specially the stability.
member
Activity: 406
Merit: 10
Pretty sure we will be not waiting for halving event on 2020 to reach ATH. Less BTC means less rewards for miners. My prediction for BTC is price in 2020 is $50 k -100k so it can happen that halving would not have any impact.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
these rises you are quoting in a strange way happen long after the halving and have nothing to do with the halving itself. the 2013 rise was the famous Mt Gox fake pump and mostly was the willi bot's result which popped and price dropped down afterwards. the 2017 rise was the result of a big growth in the adoption of bitcoin and some mainstream adoption also.

regarding halving and the rise it will be the same as the previous 2 times:
price rise prior to the halving mostly because of the hype and the speculation to put simply people expect a big rise so they start buying to benefit from it so price goes up! then by the time halving happens price will have its correction and come down a little. then slowly since the supply creation rate is reduced it will start rising up.

whether in next halving later will reach new ath again?

there is a lot going on now compared to the previous years so we may end up seeing a new ATH before the halving and another bigger one after it.
jr. member
Activity: 126
Merit: 2
guys halving day of bitcoin will come in 2020
on bitcoin halving in 2020 coin reward will decrease from 12.5 to 6.25 coins.
what's the effect on the upcoming bitcoin price after halving?
halving in 2012
in 2012 after halving until 2015 bitcoin prices reach new ath for $ 1,122 and market cap 13,541,896,41USD
in 2016 after halving until now bitcoin price has reached new ath again for $ 18,737 and market cap 313,829,260,651 USD
and the bitcoin price at this time decreased to $ 6,262 with a market cap of 107,373,977,932 USD
Seen on every bitcoin halving always reach new ath
whether in next halving later will reach new ath again?
What do you think ?
data taken from
https://www.bitcoinblockhalf.com/
https://coinmarketcap.com/currencies/bitcoin/
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