What if the price of Bitcoin continued to fall during the halving?

pieppiep

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

It's okay if the price of bitcoin drops so low and even if it did, I'm sure a lot of people would be very happy, especially those with a lot of money, because it's a golden opportunity that they won't get in the future.

And if a world war happens again, many or almost all assets will be destroyed, including bitcoin because bitcoin depends on the internet network.

But in the meantime, forget about the world wars and focus on the price and if the price drops again, the bitcoin price will be able to return to the high price. It can trigger a new ATH that will be higher than before.

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Quote from: Charles-Tim on September 07, 2022, 05:52:31 AM

Only what I think is that many people would see bitcoin as a safe means of keeping money, if a country is affected, fiat is affected, banks can close down and many people will not be able to have access their money. But with bitcoin, you have the total control over your coins. Bitcoin do increase in counties where there is war as they buy it in premium, but about world war, I do not know what could happen than the price to increase because more people will move from bank to bitcoin.

Bitcoin allows not only to control your savings, but also very easy and simple to move it almost all over the world. Of course, with the proviso that certain precautions must be observed.

Theoretically, in the event of a mass movement of money by people from banks to bitcoin, no matter for what reason, bitcoin's price should increase. If make predictions based on the law of supply and demand.

doomloop

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

Isn't that great? That means we will have another extension period for buying. Maybe you are right that price during the halving will still be the same as what we have now but usually the effect will take place right after it.

It can be a few days or weeks later. When the price successfully pumps, there is also a chance that it will dump again because people have waited for so long on this and they will sell hard and I think there are miners that will also sell only to gain a profit so that they can continue their operations but some of them will prefer to hodl and won't panic because they know that btc still have a bright future ahead. Why is world war suddenly involved in the discussion anyway? But if the damage is massive then btc won't survive.

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We don't know what would happen in a world war because we haven't had one in our lifetime. I don't believe there are people here who lived through the last war so they won't give us any advice.
We can say this or that but this cannot and probably will not be confirmed. I don't expect another world war to happen in my lifetime. Nukes are pretty good peacekeepers. Nobody wants to live in a wasteland, right?
If bitcoin is falling because the markets are falling it will raise up along with them. It will take a year or two but we'll be up eventually.

Doan9269

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

First of all, we are not going to experience anything called WW again, and one thing that you need to understand during halving event is that the price remain very volatile then, it rises and as well fall drastically before or after halving, but the end result of it all is that it finally surge high and make a new all time high for bitcoin price, if we must be a good bitcoiner or cryptopreneurs, we must learn to think positive and have good thoughts for better days.

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

We do keep on speculating since this market is unpredictable on the first place.Whether it would fall or pump after the bitcoin halving,no one really knows.Thing here is that you do position yourself and accumulate cheap

coins not only with Bitcoin but also in other coins as well specially on established top ranking altcoins in the market.We are on deep reds now or bear market which is the sweetest spot on acquiring or accumulating
cheaper price..

Now we are normally be speculating whether you would really be taking risk or action or not or simply just ignore and wait up before this market
make out some recovery.

Franctoshi

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If that is to happen, it means that it has opposed the the law of Demand and Supply or it means it doesn't exist anymore. why would the price of something that the supply is getting reduced more and more over time continue to fall?, you can talk about the last wash out or sell off that usually take place after having before the moon shot and not about the continue falling in price of Bitcoin after having. However, this is life and everything is possible, until then still don't think is going to happen exept if I see with my eyes as they say seeing is believing.

Then In terms of a world war event, I even see it favoring Bitcoin, using Russian invasion of Ukraine as an example, where a lot of donations were done using Bitcoin, therefore that's where almost everyone will be running into for safety as various fiat currency price are gonna be affected and plummet in price because of war.

dlightag

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Bitcoin price can't fall down in the respect of war, but rather miner may change location because of the crises, and new miners may come in the process of situation, which bank may shutdown, because is control by government, which bitcoin we come display it potential, which is not control by anyone or government, Finally bitcoin is a digital asset and well secure and safe at any given point in time.

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

I don’t think bitcoin simply going down during that time period of halving would necessarily make bitcoin plummet at all. I think it just all depends on the situation around that. Also yes bitcoin is going to take a big hit if there was another world war but so is everything else not to mention bitcoin will have some major advantages during times like that , many banks will freeze and bitcoin will not, for example.

Raflesia

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When we relate this to the world war, we certainly know that all will be affected and it is clear that finances will continue to decline, indirectly this is also a domino effect that will surely spread to bitcoin but on the other hand we also have to see the difference that can actually be seen. to be significant because with this world war it is clear that many people will look at bitcoin because the only reason is that they can be protected from inflation.

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There's no proof that halving directly affects the price in any way. Some believe it leads to a bullish market but fail to explain why it doesn't often happen right away. Some probably believe the price goes down because the reward gets smaller. In any case, it seems to me that most of major Bitcoin price movement has nothing to do with halving and does not happen around halving. As for miners, yeah, they can be mining at a loss, like any business can get in a situation of operating at a loss. Some will continue, hoping it will all be worth it in the end, while others will leave mining.
Regarding the war, I think it's about the scope and character of the war and whether the Internet keeps being very accessible to many people, as well as electricity in general.

proTECH77

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I don't think, there will be world war again but if there is Bitcoin will not collapse like other centralized currency, because we experienced such challenges during the pandemic that made Bitcoin still more stand than fiat money at the moment. Many people are waiting for this bearish season to take like 2 or 3 years for them to use all their capital to purchase Bitcoin and hold until 2025 before they can sell to make a good income because by then the price of Bitcoin will reach $100k or 80k. The decreased of Bitcoin that happened early this year 2022 is for people like us to embrace the opportunity to use our monthly salary to buy and hold to have something good to achieve before the end of December.

Jawhead999

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Miners already have calculation about the cost and how much the halving reward, so it doesn't make sense if every miners couldn't recoup the mining cost.

Correct, world war can make every asset including fiat will destroyed, but the question is does it happen? Russia vs Ukraine isn't a world war currently. A big world war will make everything useless since the most important stuffs are foods, weapon and medicine.

But it's world war, not halving event... I don't expect Bitcoin price will fall during the halving, it's only around 10% chance since most people are looking based on history.

piebeyb

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Quote from: poldanmig on September 07, 2022, 09:21:22 AM

Quote from: piebeyb on September 07, 2022, 08:37:44 AM

if there is a world war of course not only bitcoin but all stocks will fall and many more including fiat money or banks will close, but bitcoin can actually be an alternative also in times of war can send bitcoin via radio as I read on this forum as well via sms so that without having to use the internet if there is a problem with the internet network, actually bitcoin can be a hedge depending on the perspective of the person holding it, the bitcoin price will recover so be patient for it take it and buy it cheap now

World war will destroy all existing sectors, the financial economy, sports, politics and also other sectors, but I think maybe it will not affect the development of bitcoin too much, because after all bitcoin cannot be regulated by a system that is controlled by the government unlike the case with majority shares are controlled by the value of certain companies, I personally believe that if when the world war occurs then bitcoin will become an alternative means of payment for the whole world as happened some time ago when the war in ukraine and russia occurred, where bitcoin became a means of donation for several institutions in Ukraine and the anonymous nature of bitcoin transactions allows each recipient and sender to remain safe.

yes like that I mean that bitcoin seems to be able to survive even when there is a world war, because we have seen since the war in ukraine bitcoin can be relied on for that, so I think people should learn more how to adopt bitcoin and use it as a means of paying also understand how to transact with bitcoin

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

These type of question arise because one does not understand how the market works on buying and selling. A price can plummet only when the selling pressure exceeds the buying pressure and halving is irrelevant to this. Because there are people ready to buy bitcoin as soon it drops below a set point, the reversal occurs and this is shown as "correction" to the market watchers.

War and assets have already been tested, there has been a war which is ongoing and bitcoin does not seem to be correlated to its actions. Truely this war is a small scale than a world war, but instead of doing doomsday predictions which are never going to happen during our lifetime, it is better to dwell in the present and be ready to buy bitcoin.

isaac_clarke22

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

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I am pretty sure that you have better things to worry about during world war aside from Bitcoin. If we could even put it into imagination, it should not affect BTC directly. It could affect some such as having their access lost from their BTC wallet from any destruction caused by the war, but directly it should not affect BTC since it is decentralized as well.
Maybe people would continue to sell Bitcoin that day, but that is not surely the case only nor the events happening at this point.

I believe I recall having this same discussion back in the day as well about Bitcoin and War effect.

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

In such an event, I believe the price of Bitcoin would plummet. What if it fell so low during the halving that miners couldn't recoup their costs? During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

I also agree that it's one of the big reason for price dumping of bitcoin . Apart from the effects of the war, along with various countries sanctoining it or declaring it illegal, then the bearish season of cryptocurrencies, etc., the price of Bitcoin has now fallen by more than 70% of its ath. But I think the war won't last forever and the bullrun coming after the bearish season and that's how bitcoin and cryptocurrencies are going and it's normal that some projects will collapse in the bearish season.

xzy887

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Quote from: OgNasty on September 07, 2022, 07:52:42 AM

Will that happen this cycle?

No, because BTC is not a two-day trusted coin, it is our trusted coin. The market may go up and down but Bitcoin will never be completely gone. Almost many countries around the world have legalized Bitcoin and we can expect in the future countries that will legalize Bitcoin and one day the countries will run with the coins of the same currency and it is going to be very soon.It will reach 50 thousand dollars very soon and it will never end. Maybe the market condition is bad now
Hopefully the market will be better in the future and Bitcoin will be stronger. All coins go up and down in the market, but don't think that Bitcoin is going to end all at once. So no one will fear Bitcoin halving.

poldanmig

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Quote from: piebeyb on September 07, 2022, 08:37:44 AM

if there is a world war of course not only bitcoin but all stocks will fall and many more including fiat money or banks will close, but bitcoin can actually be an alternative also in times of war can send bitcoin via radio as I read on this forum as well via sms so that without having to use the internet if there is a problem with the internet network, actually bitcoin can be a hedge depending on the perspective of the person holding it, the bitcoin price will recover so be patient for it take it and buy it cheap now

World war will destroy all existing sectors, the financial economy, sports, politics and also other sectors, but I think maybe it will not affect the development of bitcoin too much, because after all bitcoin cannot be regulated by a system that is controlled by the government unlike the case with majority shares are controlled by the value of certain companies, I personally believe that if when the world war occurs then bitcoin will become an alternative means of payment for the whole world as happened some time ago when the war in ukraine and russia occurred, where bitcoin became a means of donation for several institutions in Ukraine and the anonymous nature of bitcoin transactions allows each recipient and sender to remain safe.

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Quote from: Robert518 on September 07, 2022, 05:48:16 AM

During a world war, I'm sure a lot of assets would be destroyed. But is BTC particularly vulnerable?

A world war is like a cancer that destroys everything except those who produce the means by which people destroy each other. If that ever happens, the least of your worries will be Bitcoin, and of course if you survive a nuclear, chemical or biological weapon.