The Halvings impact on Bitcoins price - page 5.

TimtheYoutuber

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Quote from: dunfida on May 03, 2020, 06:12:12 PM

Quote from: TimtheYoutuber on May 03, 2020, 02:33:52 PM

Full Read: https://www.forrestvisions.com/blog/bitcoin-halving-2020

I know everyone is excited about the halving and its possible implications on the price of Bitcoin in both the short and long term. To get a good view you need to research previous Halvings, and lucky for you we already did! Check out the blog post above and see how the Halving will impact Bitcoin, the anwser might surprise you.

How do you think Bitcoins price will be impacted by the Halving in 2020?

Didnt tend to watch on whats up to that link yet theres nothing new about those sentiments or whatsoever because halving effects would be most likely in long term aspect.

Basing of charts with btc then we can really imply that we had climbed up the ladder even though there were lots of ups and downs along the way which is normal.

Think for long term but people are way too expecting much with the results on point with the event which isnt right.

People that have been hyping it are most likely looking for quick gains. If you look at previous Halvings, the price took months to increase.

Of course, it will have a long term increase since the reward block is less. But no one knows what the price will be. So its hindsight.

dunfida

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Quote from: TimtheYoutuber on May 03, 2020, 02:33:52 PM

Full Read: https://www.forrestvisions.com/blog/bitcoin-halving-2020

I know everyone is excited about the halving and its possible implications on the price of Bitcoin in both the short and long term. To get a good view you need to research previous Halvings, and lucky for you we already did! Check out the blog post above and see how the Halving will impact Bitcoin, the anwser might surprise you.

How do you think Bitcoins price will be impacted by the Halving in 2020?

Didnt tend to watch on whats up to that link yet theres nothing new about those sentiments or whatsoever because halving effects would be most likely in long term aspect.

Basing of charts with btc then we can really imply that we had climbed up the ladder even though there were lots of ups and downs along the way which is normal.

Think for long term but people are way too expecting much with the results on point with the event which isnt right.

Chris Barth

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I believe it'll be positive. I remember how people were feeling bad about the sudden fall of bitcoin's price (months ago). I said it was going to come back up and people said so too. But no one ever knew it'll be this quick. The halving is definitely going to do bitcoin's price good even tho we won't see the good quickly, somewhere along the line, it'll show.

carter34

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Quote from: Charles-Tim on May 03, 2020, 02:48:30 PM

Nobody knows if this halving will get the price to increase because increase in marketcap will 90% determine the price not halving itself. And, it is likely that the price of bitcoin will increase but I do not think it can be more than $15000 because the marketcap required this time to achieve all time high is greater than before because more bitcoin have been generated since two years ago.

You can be right that it will be positive impact because halving has not have any negative impact but the price expectation of $15,000 is low. Remember that in 2017, it has hit $20,000 and above, so this time should go beyond that as mining is expected to be limited.

MrcMrc

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Bitcoin price can not stay at the same point, it is not possible, this time, the supply will reduce, people will still buy more bitcoin because cryptocurrencies adoption is not yet at its peak, so, over time the price will increase, miners will gain if they can hodl and wait until the price increase. But that does not mean bitcoin price will not fluctuate but miners need to be a good trader to so they will not mine bitcoin at loss.

avikz

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Quote from the article,

Quote

The blocks get lowered from 12.5BTC to 6.25BTC, and it will have a short-term negative effect on miners. With the block dropping its reward, miners will be making less money and expending more energy as the difficulty level will increase. As miners get forced out of business, there may be a short waiting time for transactions to get confirmed since there will be increased demand for transactions to be confirmed in a reasonable amount of time. Miners could potentially see this as a time to sell their Bitcoins to help pay for added expenses. This would drop the price of bitcoin and would cause even more miners to go out of business since they wouldn't be able to take on the draught that would likely occur.

Well, I too somewhat agree to this analysis. If the price of bitcoin stays at the same level even after halving, it will very difficult for a lot of miners to continue their mining operations. Simply because they will start making losses and some of them will be forced out to business. Transactions will be slower and expensive for this reason which will eventually slow down the network and the number of unconfirmed transactions will rise. All these will happen only if the price doesn't increase.

If price increases post halving, then I don't expect such things to happen because then majority of the miners will be able to sustain their operations. However, if I look at the halving history and pricing trend, it is very much possible that bitcoin price will increase and we will not have to face such situations.

However, we don't really know the outcome and we are simply speculating at this moment. Let's wait for few more days!

Charles-Tim

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Nobody knows if this halving will get the price to increase because increase in marketcap will 90% determine the price not halving itself. And, it is likely that the price of bitcoin will increase but I do not think it can be more than $15000 because the marketcap required this time to achieve all time high is greater than before because more bitcoin have been generated since two years ago.

TimtheYoutuber

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Full Read: https://www.forrestvisions.com/blog/bitcoin-halving-2020

I know everyone is excited about the halving and its possible implications on the price of Bitcoin in both the short and long term. To get a good view you need to research previous Halvings, and lucky for you we already did! Check out the blog post above and see how the Halving will impact Bitcoin, the anwser might surprise you.

How do you think Bitcoins price will be impacted by the Halving in 2020?

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