Topic: My first experience of Bitcoin halving, I'm excited. (Read 791 times)

Yeah.. this is the first halving for me as well. I started collecting cryptocurrencies almost three and half years ago, i.e just a few months after the second block reward halving of 2016. Looking back, it seems like a long long time. I am also quite excited, not just about the Bitcoin block reward halving, but also about the BCH block reward halving as well. Some 5% of my portfolio is made up of BCH. For BCH the event is already over, and I expect the spike to begin anytime now.

I think you're getting way too excited about the halving, which, even if we didn't have the coronavirus outbreak clouding things this time around, wouldn't have people blowing kazoos whilst they threw ticker tape out windows in celebration.  Halvings just don't produce those kind of celebrations even in the best of time.

I'm guessing bitcoin will be in the $7-8k range at the time of the halving, and I'm not expecting any huge gains this time around.  There's too much economic uncertainty and a lot of people have sold off investments (stocks, metals, bitcoin, and whatever else) to free up cash in order to weather the storm the virus has caused.  There are a ton of people who are still out of work and don't know when they'll be returning to their jobs, if at all.  All that's put a huge damper on investment.

But we'll see.  I tend to be surprised at what the market does--usually after I've made a prediction (lol).

With the current situation of.the market and also all over the world is experiencing covid pandemic  i dont think the third halving will give a good price to bitcoin as this pandemic will not end.

I think that under current circumstances around the world, due to the coronavirus pandemic, it will be difficult to track the real impact of Bitcoin halving on the entire cryptocurrency market.  If we talk about halving in 2016, then we observed an increase in prices for Bitcoin and for the entire cryptocurrency, not only until the end of 2016, but the whole of 2017 was quite effective.  but it is also necessary to take into account the fact that such an influence on the cryptocurrency market could provoke not only halving, but also a really increased demand for cryptocurrency and increased investment in new projects.

Those group of folks who give further speculations are the main investors of bitcoin who've been part of it. For such a long period of time they've been holding huge amount of bitcoin which took long term to grow. Halving isnt the most ideal reasons to pursue that goals now, but I believed that demand also played an important role here.

I do not see anything good in it. I am not against speculating with any asset, but if the main property of an asset is only the ability to speculate with it, then this is a weak asset. I think the bitcoin community should consist of more ideological people than just speculators.

If you think bitcoin will not rise, you should wait til bitcoin will drop again.

buying opportunity was the time it dump below $5000, now we are in a stable price, this could either pump or dump but based on what I noticed, the resistance now allowing bitcoin to pump, and today bitcoin was once again drop below $7K, and it seems like it's just moving at a certain price range, so maybe we can call it as the stable price range for now.

Maybe you are excited because you've thought about a bullish market as what the previous halves but we are still of something out for it and truly we can't deny that we are still struggling hard for the recovery after a surprise fall when coronavirus hit the global market. A few days left before halving and eventually, the market can't make it, really.
Maybe we have to forget that excitement and the halving because the market will move differently as what it did in the previous halving.

You might not hold it for too long or else you will miss your chance to sell. Don't be so greedy to wait for higher price—if you see a chance that is good enough already to gain some profit, then grab it already. A bullish market such as after halving is a rare type of opportunity so never miss your chances since after bull run you know what's next. Bearish trends will follow as soon as the market is plague with traders trying to dump some Bitcoin.

Of course people would really have that kind of mindset on selling out for profit and this is what are the primary goals of each people who do jumped in here on crypto space excluding to those people who do still tend to hold after how many years because they do know on whats the potential bitcoin price in the future but all in all lots do really expect for something and halving event is one of the things where people are expecting into yet we have seen on how it did affect the market on past 2 halvings so they do presume that they would see the same thing on the upcoming one but to be honest im not really that expecting much for this year but im sure that there would be a significant impact but only on a gradual phase.

I see that so many holders are waiting for a halving and a rise in the price of bitcoin in order to sell it (and make a profit). It seems to me that such moods and a strategy of behavior will greatly interfere with the growth of bitcoin - because if many people want to sell it at a good price, then it will not hold on.

It's huge, but it's achievable! Bitcoin proved itself I believe, and that huge difference you talk about can be presented in dollars. We never had a trillion-dollar market cap, but that will happen eventually, and then we can go to 2 trillion and later to 3 trillion market cap and when that happens Bitcoin price will be high, and many other alt-coins will have a higher price. Bitcoin itself will have a trillion-dollar market cap, and when we add more altcoins total crypto market cap will be even higher.

I didn't expect much at Halving this time, whatever the price of Bitcoin after halving, I will still HODL some of my BTC, until I find the right price and right for me to sell

you might be able to follow my thoughts 

When we are talking about increases many people forget that the higher you go the harder it gets to go up because every 1% requires a bit more money. So, moving from 1k to 2k is a 100% increase but doesn't require all that much money compared to moving from 9k to 10k because that requires a lot more money to go up (when you buy 1 bitcoin you are spending 9k this way compared to 1k) and that is a bit over 10% increase.

So, the big huge increases are not really all that possible anymore. I am not talking about going to 20k, hell not even 50k, but I am talking about people who are expecting to go to a million dollars are only kidding themselves, there is no way we can ever go to a price like that anytime soon, that is something that could happen over course of decades only.

because of events in 2017, when the price of Bitcoin touched the price of $ 19,000, some people still have Bitcoin, because they are stuck at high prices and hope prices can exceed at All Time High, but until now the reason to reach a new All Time High can still be at accept, the journey of the price of Bitcoin is still new, we will still see another surprise from Bitcoin, hopefully after halving

I'm not removing the possibilities that this can happen this year although the chances of it to happen is near zero.

Take note that anything can happen in unexpected times . We didn't expect that Bitcoin will pump from $1,000 to near $20,000 in just one year. This is impossible yes but lets not forget it . The more likely to happen is that Bitcoin will just go to 5 digit price again this year with some are predicting of around $11-12k in the end of the year. They are not that optimistic this time because of the global pandemic that affected its price and probably the prediction of some people. My prediction is that $14-15k in the end of the year .

None but can I consider my computer as the venue since I'm accessing my Bitcoins thru my computer.

That is why it is important for the holders to anticipate what might happen in the future even with the current circumstances. The corona virus have greatly affected the standing of Bitcoin, making the price of the coin lower than what most people expected as the time of halving comes closer. We should be careful when considering to sell Bitcoin in the present because, it could be a huge loss when things have settled and halving comes into effect. This coming months for me, would be the game changer for this bearish market, hold Bitcoin before it is too late!

I heard about those bitcoin halving parties, yeah, but I don't think they were really as big as people were thinking. I mean, even Coinfest and stuff like that is really at most thousands of people (but that's a lot!). It really FOMO'd in 2017, all those parties and cruises and Lambos driving around.

I mentioned the post about 1st halving here: https://bitcointalksearch.org/topic/m.54188020

Maybe we should have a remote halving party eh?

@btc_angela: fingers crossed, but if it doesn't happen, more time to accumulate sub-10k right?

This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans 

I was around for the 2016 halving, when the event passed it was pretty awesome watching the blockexplorer printer a new block which only had 12.5BTC as the miner reward. I think in some areas of the world there was tons of bitcoin halving parties. And this was in 2016 before the crazy FOMO of 2017.

I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.

Bitcoin price have connection with halving. You should make a long-term plan. Everyone is excited. Because if you look at what happened to the market after the last halving, you will understand why everyone is excited. The bull market started after the last halving. Which led to bitcoin at historic price. So everyone is expecting something good from this halving. But many times the market goes the opposite of majority.

Yep. 2012 and 2016 were very different times. 2012, I didn't even have a smartphone. People were only here for Bitcoin talk, 2016 it had already spilled over into social media but businesses and investors were just about to kick it up, and crypto media didn't have the following and hyperbole quite yet. I didn't even have social media in those times, just a very inactive FB page for work. By the time everyone and everyone else not already on social media is all hot and heavy on Twitter and reddit. You can't not have heard about halving by now with the sheer frequency of it being plastered all over.

Very different times.

During that times of halving for the first two OP stated I am sure there were also global crisis happening but nevertheless bitcoin still surge. Well the difference is during those time only few people were in the circle of bitcoin. But with the last bull run, we could say it hits the peak and now were in a crunch table trying to figure out which path it would take.

I'm not saying OP's happy thought about it is wrong. Statistic is never wrong or right. It's just no one can really know what will happened. Some crucifiying OP for wishing it might also wrong but we will just see how it goes when it actually happened.

^{I would be happy if it reaches 10k at least too most realistic and closer guess.}

You see that the second halving date was 2016 and yet it was December of 2017 when the spike happened.

You will need to be patient and get the excitement on hold.
It might be happening this May of 2020 but the increase won't be that fast.
Adoption takes time.

What could you do while waiting?
You will need to have luck and patience.
When you see a big opportunity to buy then do it without hesitation. You already know what could happen afterwards. Better be ready with bitcoins in your wallet.

But I would be happy with $10K as this is a different situation, bitcoin rising at $10K and maybe end at this price this year is a good price already IMO.
Though there is a small rise compared to what we are expecting, but to be profitable during the time where there is a global crisis is something special.

I’m happy to know your experience and I hope that pump to happen again. Honestly, right now bitcoin becomes more volatile and its hard to predict the market and I don’t want to be disappointed with bitcoin that’s why I’m not creating any big expectation. Maybe, a $10k up price will be fine again and if there’s a chance to make a new ATH why not.

100% true!
I always say that those people who come to the crypto just to earn more fiat are a negative factor for development. Unfortunately, fantasies about tothemoon have long been a part of the crypto community and many of its members simply do not understand when I try to explain the incorrectness of this position.

This is what most people do have that kind of wrong perception towards halving on where they do believe that the price do suddenly react on the specific date of the event. This had always been having a long term effect rather than on shorter or instant one and this should how people do see on things so that they wont get upset if their expectations had been broke down.  

When we do talk about increase of price then this had always been a question.We can always try to compare on what happened in past halvings but we cant be sure that it would happen on the next one or in future.
12000x increase? Im sure that it wont happen on this particular price.Its too unrealistic on going overboard or in talks of 200k-400k per coin.

As long as we do not go up, I will be happy. Think about it, there are SOOO many people who have been waiting for the bitcoin halving but they are all buying right now or they have already bought so far, which means buyers are all done, so how do you think bitcoin price will go up after the halving? If all buyers bought before the halving date, who will buy to increase the price?

Bitcoin price only goes up when someone buys it, buyers have to be around and buy as much as they can in order for bitcoin price to go up, if they all done it before the halving how could price go up after halving? I am assuming buyers will all wait for it to go up, and when they see that nobody buys, they will start to sell. Which is why I would be happy if it doesn't go down, let alone go up.

I was a bit unenthused during my first halving (2016), and I do remember the chatter online was quite frenzied though, even gambling chatrooms were talking about it nonstop, so when it did pass by, not a few people were disappointed -- though the resulting increase not in the next 6 months but the 12/13 months AFTER that: wow.

I've noticed the distinct difference in chatter online now, but I suspect that's because a lot more people are aware today than in 2016. Like you, I don't foresee another 12,000% increase, at least not in the same immediate timeframe. But also, as you say, maths does not like Bitcoin.

Yes, that is true, but at least, we will see bitcoin may skyrocket before or after halving, and that can happen though we don't know when it's happening. I am sure the bull run will come again sooner or later, and we can make another biggest profit again. It is my second halving experience, so I think the price will go up and down first like before, and then the price will start a rally to the highest price. But no one knows about that, and we can only guess right now while we prepare for the coming.

I have been around enough to see two halving so far and this will be my third one when it happens, I can tell you that people are going to be very upset when it happens. The reality is halving never really increases the bitcoin price right away, which some people have been waiting for months now, even for a year, and when the price doesn't go up all of a sudden they will be upset and sell. What they are not understanding is, halving is not something that affects bitcoin right at that day, some think that the moment we have halving price should go up but that is not how it all works.

However in long period of time miners will not make enough profits and that will show in later stages, after months and months of nothing too huge, we will start to see an increase over a long period of time, that is the good part of halving, if you can wait.

I will predict that bitcoin price after halving is more than $20.000 or at least at the end of this year bitcoin price will touch more than $20.000. I don't think its price will slump down after the halving event like most people talking now. It will be hard to put aside the halving event, as you talk in the OP that most halving event had given the draatically increase price which I think it can be happened for the current halving event.

wow, I can feel that you are still being optimistic despite the global crisis that we are going through now.
I'll be very happy if you'll enjoy that experience, it means bitcoin will have to rise many folds to get your expectation, I'm not closing the possibility here, hopefully it'll happen.

There's no guarantee that Bitcoin may skyrocket this year around. We have a lot of negative events, news, and one of the worst global economic downfall. Though, it doesn't directly affect the cryptocurrency, but It will somehow hold back a possible bullrun that can initiate a new ATH.
Anyway, Bitcoin tends to skyrocket after a year from the halving. So, I guess even after the halving is still considered as an accumulation phase, depends on the price figure as well.

Bitcoin was never a ponzi scheme nor an exit scam since even if its price is too volatile it doesn't mean Bitcoin is a ponzi. Another point on why Bitcoin is not a ponzi is the way Satoshi introduce it as a alternative mode of payment for a P2P tranaction rather than an investment, Saotshi didn't mention anything about Bitcoin having high yields of return nor it being an investment. Simply the volatility we have now is caused by our own doing and no one else.


If reading is what you call "research" then I'm afraid that you still have the wrong way of doing it. Research required more than reading anything and believing that it will happen just because someone wrote it in the internet.  Of course if you are expecting a 13,000% return then anything not near to the volume expected to that tweet would be a failure but don't even expect that Bitcoin can repeat another 13,000% price increase since we are in a far more worse market condition compared to where Bitcoin have stand out in the past. Halving doesn't have any exact date but it is expected to happen around the 2nd week of May.

I am sure many people have the same thing as you, especially if they know cryptocurrency after 2017-2018. Yeah, it feels excited to wait for the halving time because we want to know how the higher bitcoin price will increase after the halving time. But maybe we need to calm down and not expect the price will skyrocket as soon as the halving moment happens because the price will increase after a month or so. You need to prepare yourself by having much bitcoin from now on before the price start to grow.

True, I will also use this btc paid signature campaign to continue to collect as much bitcoin as possible and I am sure that halving that will happen now will make a new breakthrough, yes, even in pandemic conditions like this there are still many people who believe in crypto so this moment don't so missed for you all this is very expected.

If the increase has occurred then all altcoin will also experience the same thing and therefore I will focus more on bitcoin as the most important coin in this halving.

This is for the second time I meet halving event.

The last halving at 2017 ago I just watched the user's conversation that he got a lot of profit when hold bitcoin even it was for a few time.

And now I'll face this situation again and I'll never let this event just go away. I'll try to collect bitcoin as much as possible especially fom my signature campaign that I joined. And I never glance up to another altcoin although many people there consider that the altcoin has a thousand of opportunities for the price up.

This is my second but my first is not that colorful because i am a new that time and i felt more afraid on investing than to trust the market thats why i only Earn smaller compared if i am in this status now that fully understood the situation.
i think I will Earn more than the past now since i Know how to wait and keep patient ,not being scare to lose the value as i knew it will come back again but may take longer time than expected.

Last cycle Bitcoin stayed in the price range of approx. $200-$1100 for 1170 days! If the same is to happen this time we'll get a new all-time high in february/march 2021.

New price discovery means FOMO. And this time we get FOMO from financial institutions aswell.

After the last halving, things have been changed a lot, so, we can't expect another 12000 or 10000% growth like before! This time, people will sell more if bitcoin price ever goes to 15K USD or plus! Because the longest bear market in 2018 ruined lots of things, and that's impact still not gone from the market! So, I don't think we will see a massive pump, but I wish to see Bitcoin at 15-20K USD once again! Many people think bitcoin price will jump immediate after the halving, but by seeing last halvings statistics, we can say it will take a year or two!

The fact a good amount of bitcointalk users act like they're not antsy to the growth of bitcoin. Makes me think if people don't appreciate the work of Satoshi Nakamoto. No amount is too big to predict if its about bitcoin. You can go down to the posts made on this platform 10 years ago, bitcoin was little less than $2. Fear Uncertainty and doubt is the problem, of some of our Members.

VERY RARE GOOD ADVICE HERE.....

The Halving is ALREADY PRICED INTO THE MARKET....   

The halving will be here very soon, there will be no more questions, and lot of people will will be proven to be complete and UTTER FOOLS for thinking that the BitCoin price will go to the moon in the halving... 

Hard Facts

The halving is near and people are now talking about it, all are expected but most do not manage their expectation very well. Please manage your expectation very well because we are not sure if the halving will have a good effect in the market due to the global crisis that we are still facing. Expectation is not bad but we should be sure that our expectation can be real where it is feasible to achieve and not expectation that seems to impossible where you will speculate that the bitcoin can reached all time high again after the halving.

Whatever the prediction, it is only speculation, there is no guarantee that the price will reach it, it could be the opposite happened. All of that is relative, make sure we understand this ecosystem, don't expect too high, so you are trapped in fomo.
Based on the previous halving period, the price does not directly pump, there is a long process, up and down, if your strategy and mental are not strong then you will be trapped in frustration. Fill your bag sufficiently, according to ability, is like saving.

The expectation of the people are here about this halving that is coming up and a lot of people just like the op have always explained this scenario in term of the price. I hope you will check what is being discussed here https://bitcointalk.org/index.php?topic=5239658.new#new so that you understand more about what is expected from this halving.

We are facing something different this year, all aspects of the economy are starting to show a critical period but not for bitcoin which is still strong today at $6800, a history of increase above 10,000% like the previous halving may not really happen but the rise of bitcoin still occurs during or after halving, the possibility is definitely in my opinion.

I am very happy you can think positively, but bitcoin price movements cannot be predicted. Therefore for this third halving do not expect too
much. Especially now that there is still a corona virus crisis, so it has an effect on the movement of bitcoin prices on the market.We have to
see the reality of the price of bitcoin is very difficult to return to the price of $ 10k, so don't delusional that bitcoin can go up to $ 400k. Halving
will happens only a few more weeks in my opinion will only make the price rise is not too high, it is likely to rise to price around $ 8000- $ 10,000.

Bitcoin halving is the last thing I want to be predicting on right now, why? Pandemic, I think it's better to wait it out and see how things go, every plan I hoped for this year it ruined already because of the pandemic.

I think that the price of bitcoin after halving this year will not be far from the price of $ 10k. however, no one knows the potential for bitcoin prices to go up to what extent, there are even some speculations that prices will really go up by 2021. for this year, I don't really expect high, but the possibility of bitcoin prices could exceed $ 10k after may.

The bigger the hope, the bigger the disappointment mate. Yes, in all honesty, most of us especially those that are recent entries in the crypto scene are expecting the same bounce up it did in the past halvings, but realistically speaking such increases seem to be quite impossible. You can see it with how developed the current scene is already. Not to mention that there were still various factors that actually helped the price in the past halvings. Right now? The only factors here are actually NOT helping it increase in price. Just look at how the price of BTC is right now with the current state of affairs because of the effects of the fear brought by the Corona Virus.

This is my first halving too, I`m here since 2017, the best year for cryptos 
And I`m excited too, to participate, have coins and even with all this sad situation, in the long term we can have a very good results, and I`m agree too that it's almost impossible to follow the same pattern because this time will require a HUGE amount of money to achieve that, but with BTC nothing is impossible, when market is good, it's hard to stop

I am lucky that i have taste the fruit of this Halving though i entered the market months after the halving happens.
and also i am happy that more than 1 year after this halving the price makes all time high and proud that i have sold Bitcoin at that peak.

and now we are waiting for the next effect but suddenly this will not happen for the first time because of the domino effect of this Virus.

Actually there is nothing to be excited about this halving, things have changed from pleasent to worst because of the pandemic situation. I have read articles suggesting Bitcoin can dive down before the halving.

I was expecting a fantastic 2020 for Bitcoin but things have become unfavorable for the crypto community after the virus spread. I doubt Bitcoin will touch 10k before the halving or even this year.

Honestly, it is difficult to determine what can happen, because the Fundamental of the Covid-19 has been very decisive in the world, the worst thing is that there are still unfortunate events, and all this panic has an impact on the market, in fact before the pandemic my forecast was for a substantial price increase, now I don't know what can happen. It would be irresponsible to say that it can happen, right now what I think is that the price will remain stable during the bitcoin halving.

I feel so old seeing these price changes and remembering it in the past.

Regarding to your question, I don't think we will be following the pattern here. The first halving gave us a whopping 13K% price increase, the second was 12K% price increase, this year though will not be 11K% price increase since the price of Bitcoin right now is obviously much higher than in the past. I think we will be able to see a 100% to 300% price increase if that goes higher than that, I think it will not be long and just fall quickly.

We must know that trade and investment in crypto are high risk activities. Everyone involved in the market must consider all of these risks regardless of what they believe. Nobody knows how market conditions will be after halving of 2020, although there is a possibility that prices may increase but again I say that risk must always be considered.

Some traders and investors may believe that the price of bitcoin can increase to 20K-30K after halving, this trust is based on past history. I dont think history can be repeated this year, because in 2020 the world is faced with a terrible pandemic, covid-19. This pandemic might affect the interests of investors and traders in the market, there are many things to consider (maybe). But lets see what happens in halving of 2020 that is getting closer.

Nit only bitcoin but all the other commodities have been crashed but the good side for bitcoin is that it has recovered a lot. Bitcoin crashed to around $4000 during the first phase of the crisis but now it has got a strong support near $6800 which seems to be good. I see the recover as good fight in such a crisis.

We truly understand you excitement on the coming bitcoin block halving, who wouldn't? This is the most anticipated event in bitcoin's history because it happened every four years as based on it's historical past it is considered as the catalyst to the bull run that we are expecting.

However, as others have suggested, might be better to not get into an expectation that the price could reach on let's say 6 digits figure. There has been a lot of changes now, investors matured for example. So it is much better to just not let this event get into your head as it might affect your decisions in the future, just saying.

Halving is very near and we cannot know if the price up or still remain or no changes. Many crypto user are expecting once the bitcoin have halving they see price will rise. The price for the bitcoin in your prediction is very high and very far from the reality. Just look the price now it is 6800 dollars and your think price will go more than hundred dollars in just 1 month are you serioud of that?

What you feel is only hype and for me it is very risky if you will just rely it on making decisions. For me it will really not happen because we are still facing crisis and many people are panicking and withdrawing their investments. Most of people who frequently lose in the market is because of the hype, they keep speculating and predicting that the price may reach $20,000 above and more. We should be aware on what is happening in the reality for us to have expectations that are really feasible.

That kind of hope can destroy your mentality, it seems that you are now having quick rick mentality that can be considered as disease where it can lead you to major losses. For those who will base their decisions just because of halving, be careful and manage your risks very well if you do not want to lose huge amount of capital. It is better if we will decide with some technicals.

We are very near to halving and the price are not yet steady as it increase and decrease at the same time. We are currently at $6,887 so maybe in the coming halving we cannot reach the 9k$ per bitcoin.

There is a big possibility that this incoming halving will be very different to the past halving that it's price increases so much. There is also a pandemic right now where most of the countries are imposing lockdown in their area so the demand can't easily skyrocket before the halving will come. Let's just hope that it can reach to 8-9k$ price when the halving happen.

Don't be too hopeful about the price of Bitcoin. If you were to compare the price of Bitcoin in the last couple of years, It is kind of absurd to think that we would reach $380,000 - $400,000 in just this halving, especially that we are in a crisis. You didn't mention why the price in the halving flew in the first place. The reason for the 2017 moon was because of the ICO and Bitconnect blew to the whole world, not to mention the early hard fork that people talked about a lot. Investors left and right coming even though they didn't know that cryptocurrency is full of scammers which the investors isn't realizing yet until the first month of 2018. You agree or disagree, that's the main reason that I know why we reached $20,000. There's just too much hype and good news in 2017.

Now, where's our hype? only corona virus and stock market crash. No new investors coming in and the adoption rate aren't spiking but steadily growing. $380,000 - $400,000 ain't gonna happen anytime soon. Perhaps $10,000 - $20,000.

I don't think that was excited to see even this is my first time. The market isn't perfectly in good shape and we are in the wrong timing because of the pandemic. We shouldn't have to expect a lot this coming halving. The crypto market is still in the struggle and I can't see a huge price increase will occur because of the halving but it probably we might able to see the market keeping at low as what it has today.

I agree here, we shouldn't expect that much this halving. The price will increase but it will be different from the previous halvings that happened. I think will be going back to a 5-digit price mark and might have a 200% to 300% price increase. I think he will not be depressed since he's been here for a long time, I think so I am sure he experienced those big dumps, he's fine.

Most people just predict it based on halving history. But in my opinion, it cannot be predicted as the upcoming halving might not the same as the previous one. At least, one of the factors is about the Corona pandemic, it still continues and seems to give big impacts on halving. I am worried that many people will be disappointed with the price move this year. As we are in the economic and health crises, the chance of a high increase in Bitcoin price is likely hard to happen.

Now, we know that only 2,625,000 BTCtc will remain after May, 2020 bitcoin halving. This amount is not good enough to reduce supply like in 2012 when it reduced from 21,000,000 BTCtc to 10,500,000 BTCtc. So, the halving will not have and significant effect directly this time at all. But, it can have indirect effect through whales manipulations and other investors anticipation, they can all buy bitcoin just because they know people will want to buy during halving time and this will increase the price but if they do not buy, the price will not increase.

So, nobody knows if the price of bitcoin will increase for now because it solely depends on people buying bitcoin now not the halving effect like in 2012.

The OP should not expect too much for this upcoming halving. Should be realistic here in numbers. 380-400k is too much to think about it. Start thinking maybe 10-15k. If it is his first experience and expecting so much, he will be disappointed. I hope he will not get depressed for what is coming. This is the reason why many newbies are having negative impression with bitcoin when their expectations are not met.

If this is why you're here you're going to be disappointed.

When I read posts like this I start to feel scared for Bitcoin. If the community is really built of people who wait for the halving "because 400 thousand!" "dude I'm gonna buy a car and a house next year because this bitcoin man you put 100 dollars and get 10 thousand after a year!" bitcoin is doomed. At least in the short term.

I don't agree with the post above me that it's over for Bitcoin because it's not, but if it is it's because of greedy people who dream of how many dollars they will get for their coins in a year.

WRONG, WRONG, WRONG...

The days of the BitCoin and Economic bubble are OVER...   The halving is already well known and already priced into the market.  BitCoins reaction to its first Economic Crisis was to CRASH in price.

Welcome to the NEW REALITY.  ( No you will not get rich, but you might get very poor  )

Hard Facts

Okay thank you. So it's something that has do with, mining, and miners that has less tools may not participate in the Halving. I'm not understanding how it happens. Why is it on that day, or is it that the blocks will be opened on that day for miners to mine until it gets to the limit as usual? The miners are the big winners I guess, during this period.

It's good that you have positive attitude but don't get to excited. I know that many people have big expectations from halving but some might get disappointed at the end. Price might go up but I don't think that will be long, continuous growth, it's more likely that we'll have price rise in a short breath. Also, there is no guarantee that price will rise at all.

As the saying goes, "past history is not an indicative of future results". I was not here during the last halving of 2016, but I witnessed the massive growth that occurred in 2017. Of course, I'm still hoping that we can see another bubble after the halving but it might take years and the four year cycle might not be applicable. We all just have to sit back and see where the price will go and it's better not to set a high expectations so that we will not get disappointed at the end.

I was already on this forum when the previous halving has happened, but I didn't see it as something so important.
Back then I was focused more on altcoins and some of them had halvings which didn't meet my expectations.

I don't want to be the party popper but I think that you should not be too excited / don't get too many expectations of it. The market may not agree with you, at least not in the way you may expect.

There is no need speculating the price of bitcoin after the halving because there is a zero chance of being correct, you can make attempts to compare halvings in the past to arrive at a price, but there is no way to be sure. Since the halving is about four-five weeks from now, it's better to wait till it happens than predicting.
No, there is no venue for the bitcoin halving.

You know it easy to assume when we are thinking straight that things will happen naturally but the case for this year's halving is quite doubtful for me since we have a huge rock in front of us, pandemic, so we can barely tell if we are getting a pump with the price or not. For the past halvings we are able to see a 10000% price increase however the price today isn't the price last 4 years ago, a lot has happened and I think we are at the current peak, or at least near the peak of the lowest price right now. Actually the ATH is very impossible to reach this year even after halving imo.

First, I will explain what Bitcoin halving is about. Bitcoin halving happen occasionally, as many people believe today, that the pandemic, silenced the trend of Bitcoin halving. It is an event that occurs every 4 years, which shows the creation of new bitcoins. Just like we see Bitcoin as a (digital gold) it has a finite supply, once 21 million coins are generated the network will stop producing more.

Second, I will analyze Bitcoin halving according to the previous events years before. (%)

First halving
November 2012 they was an additional 13,000% increase, Bitcoin was at the bottom of $2.01 and it spiked to $270.94/BTC

Second halving
July 2016 they was an increase of 12,000%. Bitcoin price was $164.01 and it spiked to $20,004 to the top. ( During the period of the halving, just like in the space of 4 years or within).

Third Halving
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..

Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.

After the Halving we only need 200million per month to keep $7000 level. If 400m a month then we are heading to the moon. For example, (30d×24h×6blocks×12.5btc×$7000 assuming all trading is zero sum game)

Bitcoin is ponzi-ish
But for Bitcoin to have value it requires more people to recognize it and follow it. For Gold to maintain liquid value it requires a consistent flow in relation to currency. That will not make Gold a Ponzi scheme. 400 million a month into BTC is a drop in the bucket (according to a tweet I saw during my research).

My question is what price do you predict Bitcoin to be after this Halving and also I would like to get more details as regard to the Halving event. Does it have a venue?