Topic: What this Bitcoin halving bring? Does the Bitcoin price go up or down? (Read 282 times)

Not sure about the price short term but the price will fly up once the reduced supply of coins takes effect. Wait until mid to late 2021 for the real fun to start.

In the year 2017 after the bitcoin halving it brings a good effect to the crypto market and that is why many people became rich .
And on that year was many crypto user are believe Rising once the bitcoin halving are coming.

But there is still no accurancy about that because maybe they dump too so always be prepare everytime.

Historically, indeed bitcoin price always up after halving event happened. Especially, at 2016 ago the third halving event for bitcoin. At that time I am still newbie to bitcoin and just known bitcoin in a few days, but it was make me suprised because in all day bitcoin price alwasy up drastically. Even I tried to as to my parend to give me loan money to buy it but they didn't give just because they never know about bitcoin.

Bitcoin became popular, make many people know about bitcoin and collect a lot of information against it until there is a channel television in my country who took bitcoin as main of disscussion. It was just a small implication who made bitcoin price up a lot until its price touched an all time high.

But I doubt for halving event at this year, the people have been aware against bitcoin and they knew bitcoin. As we know bitcoin price was in the bad phase exactly in 2018 ago, the price just slumped down and made many investor got bankcrupt. The people just have a bad view against it and some of them called bitcoin as a scam place, so they will never believe bitcoin again. And I think it is not about this pandemic but it is depend the people view against bitcoin, if they still believe bitcoin is safe then we will new all time high and it will be the other way around when they judge bitcoin badly.

It's the money, the fiat that even the big institutions will need now to set back up their "almost dead" businesses and they won't rely on BTC alone (nobody can). Another thing, the dried up volume shows that BTC is yet to be thrown down as I don't just see it as a Bitcoin reward halving but a Bitcoin price halving as well. We are yet to reach to a bottom from where we will start a new, big and extreme bull run journey and that won't be so quick because the money has now been stuck due to people going jobless, many are trying to stock up food while many are struggling for everything so it won't be an easy pump this time and we will need to remain patient to become a part of this. Some predictors have gone way optimistic thinking that BTC could break even a $100k so soon, but let's not forget that the global economy has taken a hit so badly that it'll take years for every single country to recover, who were affected by this pandemic.

Ups and downs come all the time and even to have halving on its way still, we make the assurance that it goes up as we know the volatility remains.
If we can recall the previous halving, definitely, it won't go that way also. And now, we haven't expected that the market to behave the way we wanted to be coz we know that we are still in the pandemic and investing crypto isn't the priority of the people. The increase of crypto users and investors will be meant a lot but where they are? Only a few of them are in crypto which is not enough to uplift the market price.

How come you conclude already that bitcoin price changes its path due to the Covid-19? In the last halving, it takes time before bitcoin manages to get some fuel before pushing up but still ended to where it is now.

Surely, most people really have a mindset that the exact meaning of halving is moon price. It should be changed.

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I tend to disagree. Bitcoin has difficulty climbing even at $8,000-$9,000 before Covid-19 freezes the economic activities of the majority of the countries in the world. Meaning, with this pandemic virus, which happened or not, we might still see today the same price movement behavior.

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Just trust the process.

If the pandemic virus really has a strong negative impact on bitcoin, the price should be playing at $2,000 to $3,000 now with no signs of green light. Totally different from what is currently happening.

bitcoin is already up and down so no halving can change that but i think the price can slightly go upwards after the halving  but within a few days the price will go down again and normal fluctuations will still happen   .

 that is my own expectation on regards to halving  but i dont know to others , i can see that many positive speculations before are now turned into negative just when the virus covid came    .

No one actually knows on what would happen even though we have seen on how the price moves on past halvings but doesnt mean that it would happen again into the next or upcoming one.Im not fan on tagging up the current pandemic when it comes to bitcoins popularity because it isnt the right time to talk about that.Adoption is on the move and we are all pretty sure with that but time will tell on how it progress out on upcoming future.We shouldnt really expect much that it would go up on the upcoming event but be wise to take action either you would risk up for long term prospect or not.

the influence of the corona virus really impacts the price of bitcoin. halving will arrive soon next month and is expected to have a big effect on the price of bitcoin. however, at this time many people are not so eager to make predictions, even to reach $ 15k is still very difficult to confirm.

It's suppose to result to an increase of price, but it seems like the corona virus in a bad timing, bitcoin could have been trading over $10,000 now if there was no pandemic, but then we can't undo what has happen already, and despite of that, the market is quite bullish now, so I'll say halving something did a magic for crypto not to dump again.

We have seen only the positive side of halving and we expect the same this time as well, and yes I agree there is no guarantee for pump in halving because everyone knows crypto is unpredictable.

After the price surge in BTC from the past week it seems the price will go up because price increases only if there's demand, to be honest I am eagerly waiting to see a pump while halving occurs let's wait and see how it goes.

I expect moderate up, I know many people are looking for it to go up after halving but that is the exact reason why I think it will be not exact up. There are just too many people buying right now that think bitcoin price will be up and I think if bitcoin underperforms there are just too many people who will think that bitcoin will go up and be upset that it didn't go up as much as they expected so they will sell.

However I am waiting, if the price actually doesn't go up as much as I assume it will, that will mean bitcoin will fall and that is when I will be capable buying for cheap. However if we talk about the long term, miners will be not selling as much as they are selling right now in the future which will cause the price to go up and that will be when I profit in the end.

It would be better if you asked your question in a much more precise way : "Will I get rich if I invest in BTC now, as was the case in 2017?" There is no right answer to that question, for the reason that no one here is a prophet, nor does he see into the future. The fact that investing in BTC has so far always paid off, and also the fact that after halving, the price has taken a big jump, so if one wants to go in that direction, it's all a matter of risk someone will take.

If I have, say, $1000 that I don't necessarily need and won't need in the near future, and if I invest in BTC there are 3 possible outcomes. The first is that in about a year or a year and a half I maybe have $10 000 worth of BTC., Second is that I may lost 50% of that amount due price dump and have only $500 - and third is that the price will remain the same.

If we think that way then we don't really have to be burdened with the price, invest only what you can afford to lose and hope for the best.

I voted yes because I believe it will go up. But that yes also means that even if there is no halving or there is no pandemic, Bitcoin will always go up because it is not yet reaching the biggest population. Bitcoin is still considered a start-up of sort. It has yet to really become mainstream in its strict sense.

However, it is also my belief that the rise of the price of Bitcoin may not really automatically follow the halving. As I have said, it is highly depending on the adoption more than the deflating supply.

Well, in my own Bitcoin halving is an advantage to investors especially during this pandemic that everyone is experiencing the needs of fiat money in order to sustain during the lockdown. Halving the price of bitcoin will give no guarantee that it will pump up again or gain back it's the normal price it is only the effect of higher supply and lower demands for bitcoin but it may entice people to buy or invest again in bitcoins or cryptocurrency. However, if people tend to go back and buy bitcoins again then it will raise the demand rate and may possibly get even to the supply rate. Remember, --if there will be a scarcity or shortage in the supply of bitcoins or any cryptocurrency because of higher demands then it's value will go high the same as it's the price. Just my opinion.

I don't think that assumption is changing. By analyzing bitcoin this time, you will start to realize how its surviving this pandemic. Unlike the other markets, they're being reported worldwide that they're tanking because of the freeze that this pandemic brought to the world economy.

Some industries are still going on but those are the exempted one that has to operate and that makes them survive in this pandemic too. But for bitcoin, the recovery time has been so quick and whether you expect bitcoin to go up or down after the halving or within this crisis, it's undeniably strong and consistent.

Perhaps, we need to be patient until that time comes so we can see what will happen later. Many people predict that bitcoin price soar to the higher price but unfortunately, that is a prediction which we can also make for our own purposes. So we can say anything about bitcoin, and we should let the market make the decision, and if the bitcoin price increase higher, then yes, we will going to make a profit. Perhaps, in the next highest price of bitcoin, we can make a lot of money again like before. And now, we see bitcoin price can break $7,700 which mean we can hope that bitcoin price can increase more than now, and who knows, bitcoin price can break $8k again this month or next month.

This seams to be eternal question, will Bitcoin rise or fall after the halving. So far I noticed that many users expect for Bitcoin price to go up but to my opinion both scenarios are possible.
No one can't actually tell what halving will bring to us and even if the first effect will be the price rise, to my opinion that will not last to long and the growth will probably not be as strong as many expect.

No one really knows though I think majority are on the side of Bitcoin price going up. Every halving so far has brought quite some gains in BTC price and based on past seen records, every few months after the halving is the period where the price rises exponentially. Still, it doesn't necessarily mean that an increase is for sure since it is still, in the end, the coin we know of as being highly volatile. Imo though, I don't think the best-case scenario where the price would increase exponentially is going to happen. At least, in the next few months. A lot of countries were badly hit by the virus and naturally, traders lives were also impacted. This may bring changes to the expectations of BTC

Let us keep our fingers crossed, and we can get to see the actual impact post the event.

Here is one prediction that you can see: https://www.youtube.com/watch?v=GNFMIXNW48I

this is just a prediction, it's just that if we match the data, the price of bitcoin is likely to go up. but we don't know whether this year will go up, or next year, because based on the history of bitcoin the price will go up 1 year after halving. for now, I'm pretty sure that the price of bitcoin will go up, it's just that I don't really expect that the increase will be very high.

360 degrees change would end up in the same place! so in other words you are saying there was no change in which case you are correct
nothing about the "industry" changed in 2016 when bitcoin block reward halved. and as for bitcoin popularity, it is always growing and it has nothing to do with halving.

wrong.

the halving event itself (the week of it) has always been pure hype and during hyped up times price sees excited rises that don't even last. but the real halving effects that are more long term will come after the halving itself. nothing about that is changing either. it will be like before as demand increases while the supply is still limited.

Bitcoin tends to drop before and after a block-reward halving in the short term. Halving drops the amount of BTC that is mined as Bitcoin approaches its fixed supply of 21 million, miners will earn less BTC after the halving for performing the same work.

If we look at the historical data, it may be reasonable to wait for the price to rise in an average of about a year. However, history may not always recur. Therefore, I suggest you not to be price-oriented in the short term.

Increasing block rewards after halving may not be sufficient for a price increase alone. In addition, we should see FOMO, a psychological positive atmosphere. Those who remember 2017 remember that the price continues to increase day by day. We cannot explain this with data alone. Whales, institutional players, block reward, awareness-raising, and of course FOMO! It should not be forgotten that, when the price increase expectation comes, the increasing volume increases the price. And when it starts, it may be possible to see very rapid price increases from time to time.

Always remember that there are people involved! Speculation is the largest contributor to price movements.
So if you have a situation - such as bitcoin halving - where everyone expects the price to increase, this  expectation in itself pushes prices upwards, because everyone wants to own something that will increase in value. The effect of this is that any price increase is largely or indeed entirely priced in prior to the event actually occurring. In fact, what we often see is that this expectation of increase is overly optimistic, and has the effect of pushing the prices higher than the event itself might merit. Which in turn leads, perhaps counterintuitively, to a price drop when the event actually occurs.
Of course there is a lot of guesswork involved in predicting crypto price movements. Just don't forget the above is a possibility!

The Bitcoin block halving supposedly not an event where the price is rising or make a bullrun. It's just that the trend when the last 2 halving occured shows a good price movement. That's what the people was following and expecting the same price movements. Though it isn't guaranteed that it will happen, but the optimistic mindset of investors will make it happen.
But then again, there's no guarantee. The pandemic only had a minimal impact in cryptocurrency though.

Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,



ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/

But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.

What is certain is that block rewards will become 6.25 from the previous 12.5

This is a matter of speculation and it could go either way. Based on past halvings, price tends to go up but as @mk4 has stated, it still depends on the demand and the supply. There is also the argument that since miner's reward will be reduced by half (from 12.5 to 6.25), it also means they won't be able to sell as much BTC as much as they used to do.

It seems the "Corona effect" is now over as Bitcoin is concerned. The price is now slowly recovering from the crash when COVID-19 was declared as a global pandemic where both "whales" & retail investors cashed out.

Many bitcoiners believe halving will lead to a price increase, that's why it's considered to be very important event. The truth is, no one knows what's going to happen. On July 16, 2016, the day of the second halving, the price dropped by 10 percent to $610, but then shot back up to where it was before. There was little evidence the sudden reduction in bitcoin’s minting rate had a long-term impact on the price.

Pandemic or no pandemic, bitcoin isn't guaranteed to go up even with the halving. Even if it would make sense for bitcoin to go up due to the reward halving per block, in the end, it always boils down to one thing— supply and demand. And since there's no way for us to know how much people would be buying and selling after the halving, there's no way to know how bitcoin will move.

After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?