Topic: How will the Halving affect the BTC price? - page 3. (Read 810 times)
Here on the forum, we all know what the economy says on this when supply goes down and demand goes up the price should rise. We will be here and we will see the effects of the halving, not just on Bitcoin, on the entire crypto market. We need to be patient and we will see, and normally if you believe in positive outcome you will invest in crypto now and wait for it, if you believe in negative outcome you will see what you have and you will buy gold. It' can be a life-changing decision, it can lift you up or drop you on the bottom, are you ready to risk?
How will the Halving affect the miners? According to the laws of demand and supply, the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices. Is this only in theory though?
This is not a theory. Logically speaking, this should what's about to happen but as they say, we can't be sure if the same cycle shall happen when halving comes. We don't know what's in the mind of the miners, they play an important role and let's just wait until it comes and remain positive.This is what I got from an article on the Bitcoin Halving and its theoretical effects: https://elitemininginc.com/2020/02/what-is-the-bitcoin-halving
But I think miners can't afford to proceed on just speculation. Or is that exactly what is going to happen? Seems we are entering the bear market again and we are only a few months away from the Halving
We have no idea until we get there, all are speculating unless we finally see the exact moment after the halving. But I'm very much positive just like what happened in the past but we can't compare it there and it's not the exact proportion of the situation. But I think miners can't afford to proceed on just speculation. Or is that exactly what is going to happen? Seems we are entering the bear market again and we are only a few months away from the Halving
It seems like almost everyone are worried about of the Bitcoin halving and the current trend epidemic that almost everyday I read this kind of thread. As long as the virus itself is alive I think this kind of question will always gonna pop up somewhere again. The market is just too volatile and the halving will make a great effect on the price of Bitcoin just look at the previous halving on how it acted before the bullish market.
There's no guarantee of any results in crypto, so far in 2020 the price of BTC has not shown any inverse correlation. Due to the outbreak of corona virus across asia and many other countries investors have started to sell their assets, if the BTC price does not increase effectively after the halving then I don't think this year could end up with a massive change.
there is no sure way to see how much price will go until it happened already. but its definitely gonna go up as we have see form the beginning of this year. maybe even before halving we will hit to $10k again. the market had dip a lot by how the chart looks but the price did't actually go below $8k so its a good sign. while the price has concrete support level, the halving will make it even stronger when miners aren't going to sell their coins for less.
In essence, because halving has an effect on miners, it is very likely that transaction costs will rise again. in addition, the need for bitcoin makes prices more expensive, whereas mining no longer produces large amounts of bitcoin assets, however, mining yields will be reduced by half.
if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
It's been a long time since people speculates that the price will constantly increase, but it was a failure. Everything went so bad after several changes had broken down the momentum, in which possibly help the demand to rise further. I am still hopeful that bitcoin could reach the new ATH without any problems, and successfully achieve a progressive trend this 2020.
In essence, because halving has an effect on miners, it is very likely that transaction costs will rise again. in addition, the need for bitcoin makes prices more expensive, whereas mining no longer produces large amounts of bitcoin assets, however, mining yields will be reduced by half.
if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
if the demand for bitcoin increases, this will make prices rise, and many people speculate that the upcoming halving will make the price of bitcoin reached its new ATH.
I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years.
and do you have any reason why you think that an 11 year long trend of rising in the same way (big percentages within short amount of time) is going to be changed this year and not just a small change a big change to small rise in a very long time?
because i don't see any reason at all for this trend to change. in fact i could see this trend become even stronger meaning much bigger rises in much shorter time frames like 1500% rise in a year instead of 1000% in 2 years.
If I would be ask, we camnot be certain of such thing. Nut if we would base on the previous bitcoin halving, it have triggered the market price increase, so technically, assumptions would go in favor for an anticipated bullish uptrend in its market price. But as I have observed, things are different between the past bitcoin halving and the anticipated one. The prices before started to rise before the occurence of Bitcoin halving. While at this moment, given that the date of halving is getting near, thr prices are still bearish. So there could be two possibilities on the upcoming bitcoin halving: it could trigger a price or there will be nothing much of an effect.
Well those who are expecting of such market value are just being absurd at this moment. It might be due to their frustrations because the market price has just started to show green marks this year unlike on the previous years especially since correction occured. They might be coping up with the frustrations by making unrealistic assumptions but the fact is we don't have assurance that the increase, if there will be any, will be that high.
Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years.Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
I agree with you that it won't go high as 100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years. Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
Well, basically block halving will affect miners financially.
Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine.
Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards.
Only those who have big mining farms is capable of sustaining their business.
Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine.
Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards.
Only those who have big mining farms is capable of sustaining their business.
You can't mine BTC profitably on a GPU or in your browser. The biggest factor in profitability is the cost of electricity. A small miner can make a good profit if they can get their electricity at a low cost.
Agree, and that's very unfortunate if someone who has small mining hardware was located in a country where the electricity cost is high. I only know some countries that has a low electricity cost such as Sweden and China. I was thinking, maybe there are a lot of miners who's willing to move to this countries to get more profit than the usual profit they get from the places where electricity bills are so high.
Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
It will make a good bounce and reached maybe the last time high or more than that, since each halving brings good effects to entire market and once the whales also played alongside with the fomos this would be an interesting event, many people will be attached back and place their respective position knowing that opportunities are being open to them. We have to consider the history and if it will repeated itself more chances to earned and make this business as more profitable. Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.
Generally everyone knows that Halving reduces rewards, for crypto miners like bitcoin, which is a habit that happens every four years, if not mistaken.
What is very common is the Halving phenomenon, which can be attributed to an increase in value which has an impact on fiat, in this case everyone knows is reducing the supply of Bitcoin which only made 21 million pieces.
Basically, Halving can be linked like a deeper dig to find something valuable against a very limited and thinning reserve, For this it could happen Halving against Bitcoin, because decentralized Bitcoin is very much different from fiat money, it is caused by the distributed network in Bitcoin spending, so if explained here we have to write a full page, about Halving, Reducing half the cryptocurrency.
OP, just wait until the time comes.
What is very common is the Halving phenomenon, which can be attributed to an increase in value which has an impact on fiat, in this case everyone knows is reducing the supply of Bitcoin which only made 21 million pieces.
Basically, Halving can be linked like a deeper dig to find something valuable against a very limited and thinning reserve, For this it could happen Halving against Bitcoin, because decentralized Bitcoin is very much different from fiat money, it is caused by the distributed network in Bitcoin spending, so if explained here we have to write a full page, about Halving, Reducing half the cryptocurrency.
OP, just wait until the time comes.
How will the Halving affect the miners?
There is always a way. They can quit mining bitcoin and switch to another one if they don't see profit.
Afterwards, there will be new miners that would want a spot for mining bitcoin.
Or, the difficulty will be lower and they will have an easy way to make bitcoin for just a manner of time.
They always have a choice here. They are not mandated to stay.
It is like business, when there is no profit then you will need to let it go and find a new one.
Another way is, they could upgrade all their technology for a better outcome.
But we should not much worry about this. Bitcoin will provide. That, I dont have any doubt about.
Iirc, the ones to be most affected by the halving would be the Miners. Halving means the rewards they get from mining gets halved, but the processing power they use would still be the same so it isn't in a balance anymore. Plus, the supply is directly linked to it so it takes more processing power after than halving compared to before the halving in mining a single block, thereby making the costs to performance to rewards ratio different compared to the past. If we were to see it as 1:1:1 in the past, the after halving would be 1:1.5:0.5 or something similar. Not particularly sure about the specifics of it though.
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The halving does not reduce the supply. It reduces the production. The supply does not get lesser and lesser. It continues to grow until it reaches 21 million.
By these so, what is the real purpose of having this bitcoin halving. The halving does not reduce the supply. It reduces the production. The supply does not get lesser and lesser. It continues to grow until it reaches 21 million.
the scarcity of the Bitcoin supply will lead to an increase in Bitcoin demand, leading to a rise in prices.
That is not how it works 
Yes the supply of Bitcoin will decrease in the next months but that doesn't mean that the demand will increase immediately like what you said. Maybe the supply will decrease but the demand will still be the same. Maybe the supply will go lower and the same time demand will go lower too. The decreasing of supply of Bitcoin doesn't mean that the demand will increase and will lead to a rise in prices.
Seems we are entering the bear market again and we are only a few months away from the Halving
We will be in a bear market if we are 21% below from its recent highs. RSI is slowly going upwards base on the charts and luckily, we managed to hold the 21 weekly EMA which is an important support too. After this correction, I expect for a rise in the next weeks before the halving happen . 
Aside from the possibility of a Bull run as the halving event occurs, we should also anticipate the possibility of the miners whether they would continue to mine or not because, the halving event might overcome the power they need to continue. A decrease in reward might make them lose their capability to continue mining for Bitcoin because, the reward might not be enough for them because of an inadequate funds to operate. Even if that happens, the possibility for a Bull run would still be possible and it might only make it more possible because, the decrease in the miners = decrease in the accumulation of supply that would only fuel the impending Bull run to happen.
Well, basically block halving will affect miners financially.
Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine.
Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards.
Only those who have big mining farms is capable of sustaining their business.
Unfortunately, miners needs to upgrade their computer hardware such as GPU's for them to be able to solve blocks faster, since every halving, Bitcoin will become harder and harder to mine.
Eventually, some small time miners will shutdown due to the expenses in upgrading, electric consumption, and the continues halving of rewards.
Only those who have big mining farms is capable of sustaining their business.
You can't mine BTC profitably on a GPU or in your browser. The biggest factor in profitability is the cost of electricity. A small miner can make a good profit if they can get their electricity at a low cost.
So it's important to take care of miners profit.
The miners that are not profitable will stop mining, but mining will always be profitable to some miners. There is no danger of no miners being able to make a profit, no matter what the price is.
Well in order to be profitable miners should try mining rigs with low power consumption because it clearly depends on the Power consumption.
A miner's profitability depends on their costs compared to all other miners. That might be related to their power consumption, but not directly.
Could it be because the demands still the same while the supplies gets lesser and lesser?
The halving does not reduce the supply. It reduces the production. The supply does not get lesser and lesser. It continues to grow until it reaches 21 million.
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