How halving Bitcoin will affect the price of cryptocurrency?

arpon11

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Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

2017, bullish run that happen in cryptocurrencies was caused by many factors though one of those factors is halving! I see the hardfork, adoptions as part of the reason why 2017 was bullish and many investors that see the opportunity ahead put a lot of money in and that is the same thing that is happening now. The wise investors that has see ahead are putting in huge funds and they are seeing the current state of the market as preparations for MAY, 2020 when bitcoin will be halving. The halving is going to affect bitcoin positively because the laws of demand and supply are going to take it cause.

Whosdaddy

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Quote from: davis196 on May 26, 2019, 06:57:06 AM

Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

The bitcoin halving will have little impact over the btc world,because we are heading towards the 21 million global limit.There are plenty of btc in circulation and the reduced block reward won't have any influence over the market(other than the usual hype).

Naturally it should have impact but we might not see the impact because every time I see that a factor that is meant to increase the value of bitcoin comes in, it gets pump really , but people who will always take profit to force the value down again thereby making it looks as if there was no impact.

For this reason, I am not really putting my mind that much or hoping too much on the impact the halving will have, if it does have, fine and if doesn’t, market will always rise irrespective of the circumstances surrounding. The halving is almost here, barely a year more and we will know if what we have all speculated will happen or not.

Supercrypt

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Quote from: CLywaTeLb on May 25, 2019, 09:10:34 AM

Yes, BTC will grow again. Stronger than in 2017 or not, we will see. It would be nice to know how many altcoins will survive by that time and whether they will follow the bitcoin. The development of the industry directly depends on this.
A lone bitcoin, maybe ethereum, doesn’t look as good as a few hundred good coins with different characteristics.

I think most coins that will still follow bitcoin to grow in price after the halving will be the coins that are in the top 50 in the coin market as I see that these are the coins that have real life working products in this industry. Other altcoins are just for short term investment and I don’t see them performing that much or grown in value other than the altcoins season.

The major coin that will still affect the cryptocurrency market greatly is still the bitcoin itself, because most investment focus will be on bitcoin then most especially those who would invest out of FOMO and may few of them will consider these few top coins.

poodle63

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Quote from: wekael on May 25, 2019, 02:26:00 PM

Quote from: republicrypto on May 25, 2019, 10:51:28 AM

Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

yes, for sure i believe bitcoin halving even will make a huge demands on cryptocurrency especially for bitcoin mate
because i'm sure halving even will create more demands Wink

regards

I hear this a lot. Could anybody please explain why the halvening is creating demand?

When bitcoin gets halving and block reward gets decrease and this will give a huge impact to the profit or reward that gets by the miners. Remember about the theory of demand and supply
https://www.investopedia.com/university/economics/economics3.asp
Less coin will be distributed to the market caused by bitcoin will give a strict limitation to miners to dump it. This will give less impact to the price and that will create another pump consider bitcoin becomes a rare thing in the future.

consideritdone

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its counting down now https://www.coingecko.com/en/explain/bitcoin_halving

Mux@

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It is necessary to prepare for this event and it is not too late to create Bitcoin savings. So far, Bitcoin and Ethereum are moving up at about the same pace. We'll watch and wait. I wish everyone patience and good profit!

Jating

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Basing on its past performance? Obviously, we would have a massive rally right after bitcoin block halving. But it doesn't mean the the price will go on overnight. It might took 4-5 months and see how everything goes after the event.

But everyone is touted that this event will surely bring a lot of impact on the price. So it bitcoin made a explosive growth around 2020-2021, then altcoins will definitely follow the pattern.

davis196

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Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

The bitcoin halving will have little impact over the btc world,because we are heading towards the 21 million global limit.There are plenty of btc in circulation and the reduced block reward won't have any influence over the market(other than the usual hype).

ololajulo

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The question demands an explanation to why Halving causes bullish price movement. I understand there could be a level of accumulation towards the news that create an artificial hoarding but why the hoarding. It might look like manipulation but we need to why the period was adopted.

vhns222

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We must see big bull run and i think it will start before that and go over 20k as we have seen that affected very good on price before then i think it must happen again and even more as we have more users now.

livingfree

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Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?

Yes, expect that there will be a big bull run because of halving by 2020. It's one of the reason why demand will increase as people will start buying back because they know the positive effects of it.

Quote from: Mux@ on May 22, 2019, 11:57:03 AM

Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?

Triggered by 2016's halving? it has contribution but I believed 2017 bull run was triggered due to numerous ICOs.

wekael

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Quote from: republicrypto on May 25, 2019, 10:51:28 AM

Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

yes, for sure i believe bitcoin halving even will make a huge demands on cryptocurrency especially for bitcoin mate
because i'm sure halving even will create more demands Wink

regards

I hear this a lot. Could anybody please explain why the halvening is creating demand?

styca

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It should increase as this is what has happened before. A lot will probably depend on the wider state of the market at that stage. If we're in a bear then it's difficult to see a huge price rise.

sujonali1819

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If we see the past halving history of Bitcoin we can see that Bitcoin always start bull run after a halving. A halving means a date from where bitcoin will be discovered 50% less amount of btc from previous halving. So we can expect another bull run from around the next halving in 2020.

The photo is collected from here

NeverSop

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Bitcoin is still being exploited. Imagine, if the figures show that 18 million bitcoins are circulating among the total supply of 21 million. Reducing the remaining 9 million bitcoin would be a storm of its value, accompanied by the acceleration effect on the general value of the crypto market. Instead, trust that we are in a period of rising and jumping prices for bitcoin. over time, this supply will be filled from investors and operators. The value of bitcoin will continue to increase. Roll Eyes

republicrypto

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Keep it Simple guys :)

Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

yes, for sure i believe bitcoin halving even will make a huge demands on cryptocurrency especially for bitcoin mate
because i'm sure halving even will create more demands Wink

regards

CLywaTeLb

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Yes, BTC will grow again. Stronger than in 2017 or not, we will see. It would be nice to know how many altcoins will survive by that time and whether they will follow the bitcoin. The development of the industry directly depends on this.
A lone bitcoin, maybe ethereum, doesn’t look as good as a few hundred good coins with different characteristics.

BitBustah

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Just because bitcoin is halving doesn't mean the price will increase to a new high. There are still a lot of people that bought in high that are waiting to dump so expect this next bull run to take a much longer time.

Adriano2010

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I think we can have at that time a price increase and this can happen before halving, but the price will grow more in my opinion after halving when people will start buying and invest more on crypto.

Febo

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Quote from: Mux@ on May 22, 2019, 11:57:03 AM

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

We should expect price increase in 2020. Not just end of 2020. It will be weaker then in 2016 and 2017. But still it will be there. It can actually be the last big move up because of halving. The future ones might be so weak we will not even notice them.

Topic: How halving Bitcoin will affect the price of cryptocurrency? (Read 286 times)