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Topic: How will the Halving affect the BTC price? (Read 817 times)

full member
Activity: 1568
Merit: 100
COMBONetwork
April 26, 2020, 06:34:18 AM
#73
seen from the history of the first Bitcoin Halving and the second Bitcoin Halving have a big impact on the price of Bitcoin, but it takes time to experience an increase, not instantly, and of course must be patient. if we pay close attention to what will happen then I think the increase will occur in 2021-2022, because miners today will experience difficulties and can lose if the price of Bitcoin is still cheap, because electricity consumption from mining is not cheap and miners only get a small amount of Bitcoin. that's the logic
legendary
Activity: 4466
Merit: 3391
When the miners and traders still hold their bitcoins, and they don't sell in a big amount in the exchange (means the supply at the exchange is not high), and if many people want to buy bitcoin in a large amount (means the demand at the exchange is high), then that will make the price can increase. Because in one side, people will buy bitcoin at any price, and in the other side, people don't want to sell their bitcoin at a low price, so they will still hold the bitcoin amount and waiting for the highest price.

Perhaps, but none of that has anything to do with the halving.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
No. The halving does not reduce the supply. I wish people would stop repeating such a gross misunderstanding of basic economics.
The supply that I mean is the rewards for the miners. The supply will not change, but the rewards for miners will be changed so that I called that is the supply. I hope you are not misunderstanding Grin

Ok, so you have your own definition for "supply". It's confusing, but ok.
I hope you are not confusing Wink

... while the supply that the miners and the traders sell is not high, then that means, the price will increase.

Why do you say that this supply is not high? As I mentioned before, it is always increasing.
When the miners and traders still hold their bitcoins, and they don't sell in a big amount in the exchange (means the supply at the exchange is not high), and if many people want to buy bitcoin in a large amount (means the demand at the exchange is high), then that will make the price can increase. Because in one side, people will buy bitcoin at any price, and in the other side, people don't want to sell their bitcoin at a low price, so they will still hold the bitcoin amount and waiting for the highest price.
legendary
Activity: 2730
Merit: 1288
No. The halving does not reduce the supply. I wish people would stop repeating such a gross misunderstanding of basic economics.
The supply that I mean is the rewards for the miners. The supply will not change, but the rewards for miners will be changed so that I called that is the supply. I hope you are not misunderstanding Grin

Ok, so you have your own definition for "supply". It's confusing, but ok.

When people talk about supply they talk about one of the factors that met on the market. Supply and demand. At Bitcoin supply are all already mined coins without the ones that are forever lost ( it is hard to judge which are).
STT
legendary
Activity: 4088
Merit: 1452
Biggest supply is from previous holders so I agree with that important point, block reward represents expansion of the monetary base for BTC and this will be a very slight alteration on this date.    There after we see in accumulation a change to new BTC made available but by far the largest influence continues to be speculators who will sell and therefore supply the market as and when they feel price fully reflects near term value.

At present we rose above 50 day average but remain below the 200 day average.    We are at something of a top very short term because we already gained and are now in the middle of long term volume around this pricing.   I continue to be neutral in my outlook and expectations for this year maybe these events news and protocol are why but I think it was on the cards anyway, next year should develop more.
hero member
Activity: 1400
Merit: 505
I also don't see a dramatic increase in the price, the effect will take some time probably in the last quarter of the year, people by that time will start to realize that Bitcoin is as strong as ever and will make a big rally, also by that time we will contain the virus, this pandemic is what keeps delaying the price.
If you really think that the pandemic is keeping the price to rally then you need to wait for a much longer period of time, the economy will not recovery automatically and we are expecting a huge rescission in the coming months and the impact of this pandemic will be known once the virus is contained and we have no idea when that will be and then restarting all the business that are affected is another obstacle and i am expecting much bigger issues than the price of bitcoin rallying and i wont be surprised if there is no rally in the next few years.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
then consider what will happen when the number of bitcoins reaches 21 million and the subsidy is 0. When the subsidy is 0, then will the supply be 0? Will there be no more bitcoins for sale?
Two possible scenarios, either bitcoin has no value so people won't transact bitcoins anymore or the price rewards from transaction fee is more than enough to cover all the expenses of miners because the last bitcoin is going to be mined in the year 2140.
hero member
Activity: 2926
Merit: 567


   I believe in much higher prices after halving, but not immediately! Effects on the price after halving will be
positive in long-term and that's all that should be matter for all of us. I know that some people wish to get
rich fast, and that high price will come right after halving, but I think it will take time before we see real
effects of halving on Bitcoin price!

I also don't see a dramatic increase in the price, the effect will take some time probably in the last quarter of the year, people by that time will start to realize that Bitcoin is as strong as ever and will make a big rally, also by that time we will contain the virus, this pandemic is what keeps delaying the price.
legendary
Activity: 4466
Merit: 3391
No. The halving does not reduce the supply. I wish people would stop repeating such a gross misunderstanding of basic economics.
The supply that I mean is the rewards for the miners. The supply will not change, but the rewards for miners will be changed so that I called that is the supply. I hope you are not misunderstanding Grin

Ok, so you have your own definition for "supply". It's confusing, but ok.

... while the supply that the miners and the traders sell is not high, then that means, the price will increase.

Why do you say that this supply is not high? As I mentioned before, it is always increasing.
full member
Activity: 1330
Merit: 147
   I believe in much higher prices after halving, but not immediately! Effects on the price after halving will be
positive in long-term and that's all that should be matter for all of us. I know that some people wish to get
rich fast, and that high price will come right after halving, but I think it will take time before we see real
effects of halving on Bitcoin price!
We just have two possibilities, the first possibility bitcoin will have high price after halving with a note there are a lot of people who believes in bitcoin and they invested their money into it. Bitcoin like gold in my opinion, now bitcoin pricr is relatively stable if we compare with a few years before. There are a lot of bitcoin future that has been offered by some exchange and at least in can be reduced for the volatility issue.

The second possibility, bitcoin price will down drastically after halving event comes. Can you imagine if there is no interest from new investor and we just rely one an old investor to make bitcoin price getting hard, it will be hard. I just concern to miner, the mining difficulity will be getting hard and they will need a new mining tool to overcome it and it mean the mining cost will increase drastically. They just have two option, upgrade the mining tool and spend a lot of money or closing it.
legendary
Activity: 4466
Merit: 3391
If the supply reduces, and the demand still high, the price can follow to increase high.

never knew that ,  i thought halving have a different impact but i search that again and found out that its true  . it really reduce supply  .

No. The halving does not reduce the supply. I wish people would stop repeating such a gross misunderstanding of basic economics.

The supply consists of the bitcoins available for sale. The total number of bitcoins increases until it reaches 21 million. As the total number of bitcoins increases, so does the supply.

The halving reduces the rate of this increase. The halving reduces the production.

If that is not convincing, then consider what will happen when the number of bitcoins reaches 21 million and the subsidy is 0. When the subsidy is 0, then will the supply be 0? Will there be no more bitcoins for sale?
full member
Activity: 1750
Merit: 118
If the supply reduces, and the demand still high, the price can follow to increase high. And now, after people know that bitcoin is worth, they will try to buy bitcoin, no matter if the price is high. So the next halving which impacts to the reward for the miners, that can make the price increase high, and maybe the price will be more than $20k. But the increases will not happen in a short time, and maybe that will happen after a few months after the halving moment. But that can increase fast if there is a high demand for bitcoin so that can make the price to moves fast too.

never knew that ,  i thought halving have a different impact but i search that again and found out that its true  . it really reduce supply  .

 i also thought burning coin are the only that can reduce the coin supply.  anyways i dont think people will buy btc on any value  . maybe there are some especially if they are rich enough  but majority are only waiting for the right moment or when btc crash   .  still the price can increase due to halving and the reasons were explained earlier     .
hero member
Activity: 1400
Merit: 505
If the supply reduces, and the demand still high, the price can follow to increase high. And now, after people know that bitcoin is worth, they will try to buy bitcoin, no matter if the price is high. So the next halving which impacts to the reward for the miners, that can make the price increase high, and maybe the price will be more than $20k.
These are ideal situation for the price of bitcoin to rally and many are expecting the price to rally like we used to see during the past halving but this time around there were many difference like we used to be in the past even before the virus pandemic but with the pandemic in full flow and the economy expected to crash hard i do not have any hope that we will see the market rallying anytime soon.

 
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
No matter the dump in price that would come before this halving the price of bitcoin will certainly rise above $8K. For this I am very optimistic about and considering the fact that stocks are going down investors are definitely going to direct some funds into the crypto market to cut down the loss in stocks with the gains that they are going to make with the upcoming bitcoin halving.

   I believe in much higher prices after halving, but not immediately! Effects on the price after halving will be
positive in long-term and that's all that should be matter for all of us. I know that some people wish to get
rich fast, and that high price will come right after halving, but I think it will take time before we see real
effects of halving on Bitcoin price!
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
No matter the dump in price that would come before this halving the price of bitcoin will certainly rise above $8K. For this I am very optimistic about and considering the fact that stocks are going down investors are definitely going to direct some funds into the crypto market to cut down the loss in stocks with the gains that they are going to make with the upcoming bitcoin halving.
legendary
Activity: 3122
Merit: 1140
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
That was the usual market and that is what was expected this time around if the economic situation was strong but things have changed a lot in the past few months and it is eminent that we will be facing an economic crisis and how the bitcoin market will react to the recession is a big question for every bitcoin investor but if you are looking at the grand scheme of things the market will rise and all you need to do is to hold for a much longer period.
If there were no corona outbreak then we can be sure about bitcoin markets to react the same manner how it has performed on two previous halving. But, we are into deep recession world wide. People may hesitate to invest into anything rather than spending for their living. Because things may cost more than usual and job lays off may happen at every sectors. So, we need to face anything after halving.

If there will be at least a slow down in the spread of corona and if governments restore at least 60% of usual activities then we can sure about bitcoin to perform like before. Because, people may not get many other tradition investment opportunities hence bitcoin may turn as their stopper; this is very much applicable to institutional fund as well.

Hesitance would really be there since we are in the middle of pandemic and as you said where people would prioritize their living first before anything else.
We cant still conclude that there would be no significant actions in the market on upcoming halving but basing on up the current condition then we can
somewhat say that its hard to believe or hope that much when it comes to price movement.This isnt the priority as of this moment thats why
most people doesnt hope that much.
legendary
Activity: 2884
Merit: 1117
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
That was the usual market and that is what was expected this time around if the economic situation was strong but things have changed a lot in the past few months and it is eminent that we will be facing an economic crisis and how the bitcoin market will react to the recession is a big question for every bitcoin investor but if you are looking at the grand scheme of things the market will rise and all you need to do is to hold for a much longer period.
If there were no corona outbreak then we can be sure about bitcoin markets to react the same manner how it has performed on two previous halving. But, we are into deep recession world wide. People may hesitate to invest into anything rather than spending for their living. Because things may cost more than usual and job lays off may happen at every sectors. So, we need to face anything after halving.

If there will be at least a slow down in the spread of corona and if governments restore at least 60% of usual activities then we can sure about bitcoin to perform like before. Because, people may not get many other tradition investment opportunities hence bitcoin may turn as their stopper; this is very much applicable to institutional fund as well.
hero member
Activity: 1694
Merit: 541
If we trace back the previous btc halving, the price obviously rises just after the halving but we don't know how the market reacts on this coming halving event, so we have to take chances of course.
That was the usual market and that is what was expected this time around if the economic situation was strong but things have changed a lot in the past few months and it is eminent that we will be facing an economic crisis and how the bitcoin market will react to the recession is a big question for every bitcoin investor but if you are looking at the grand scheme of things the market will rise and all you need to do is to hold for a much longer period.
hero member
Activity: 2926
Merit: 640
Considering this is a long term thing the main idea is the minus profits of the miners that will be affecting in the long run. What people are considering the 100% affects of halving and what they imagine are different things, some people imagine it will skyrocket as soon as we move to half mining, considering we need to buy for bitcoin to increase, who the hell will buy as soon as halving happens?

However one thing is guaranteed which is miners will actually make less profit, which means they will try to increase the price, or at least hope the price increases and when that doesn't happen the worst case is they will stop selling for a while, keep the whole thing to themselves and wait for it to go up before they sell, they made enough profits already so they may hold for some time which could cause it to go up.
full member
Activity: 384
Merit: 106
Even before when the year is only just starting, we could see the massive increase in the standing of Bitcoin that certainly gave hope for holders and investors to stock Bitcoin for a possible high profit. But, as the year passes by, we observed how its price go down up ton$3,500 value, lower from the end of year 2019, this could have happened because of the pandemic, no one expected for it to happen.

Even though when there is still a pandemic around the globe, I think, that many are still hype for the future of Bitcoin, mainly because of the halving and it might be just right. Impending demand from the people affected by the virus in a quarantine + the coming halving would surely be a reason to still hold Bitcoin.
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