Will Bitcoin Price Halving succeed with Currently Situation

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Quote from: South Park on April 02, 2020, 10:31:38 AM

Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

We think of the miners as gigantic organizations with lots of cash in hand that can survive anything but the majority of miners are probably persons that have a few miners on their own and that are part of a mining pool and they do not have the cash to survive for that long, there are estimates that say that it takes roughly 6k to mine a bitcoin and when the halving comes that number will go up so the majority of those miners are not going to have the money to mine bitcoins for a loss for long and they will have to shutdown their operations because of the halving.

Reality that's needed to face after the halving, small miners will suffer as numbers of possible bitcoins to be mine will be lessen. Only those big
companies are capable to continue and take advantages of those bitcoin which still available after the halving.
Small miners will surely move away from this business as they can't survive with the amount of expenses over the amount of shared mines that
they will earn from their mining equipment.

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Quote from: fudster on April 02, 2020, 12:52:41 PM

Quote from: posi on April 02, 2020, 12:19:58 PM

Quote from: South Park on April 02, 2020, 10:31:38 AM

Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

We think of the miners as gigantic organizations with lots of cash in hand that can survive anything but the majority of miners are probably persons that have a few miners on their own and that are part of a mining pool and they do not have the cash to survive for that long, there are estimates that say that it takes roughly 6k to mine a bitcoin and when the halving comes that number will go up so the majority of those miners are not going to have the money to mine bitcoins for a loss for long and they will have to shut down their operations because of the halving.

Your prediction about some miners to quit mining is right but there will be some die hard bitcoin enthusiast among the miners which will mine bitcoin base on the future price and Mati of etoro have once make a statement on twitter when the Chinese government thought of shutting down bitcoin mining factory in China that will only lead to a positive effect on BTC price. Besides, halving was purpose as BTC inflation control not to cause downtrend.

There are places where electricity is just too cheap and miners will just keep mining and will sell them at market price. Halving will always succeed as it always did in the past. Its fast approaching by the way and I think there will be a lot of buyers of BTC just before halving now that they knew people were selling out due to Covid crisis.

There will definitely a lot of demand in the bitcoin market before it halving and there are also some places where the electricity is cheap but that does not answer the fact that some miners which are from the region where electricity is cost will somehow quit mining because of no profit.
Meanwhile, we should be happy now that the lightning network capacity is improved.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Does halving guarantees increasing price? No it isnt but if we do base on long term aspect, then yes it does and try to look on what happened
on previous halvings and price movement on longer duration or span of time.We did actually rose up and also dont expect that effects can be seen
on shorter time frame because thats not what it all about.

Always put up in mind that nothing is assured here on crypto space,no matter how bullish the sentiment is - it wont give out a sure
result that everyone can rely or depend on.

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Quote from: posi on April 02, 2020, 12:19:58 PM

Quote from: South Park on April 02, 2020, 10:31:38 AM

Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

We think of the miners as gigantic organizations with lots of cash in hand that can survive anything but the majority of miners are probably persons that have a few miners on their own and that are part of a mining pool and they do not have the cash to survive for that long, there are estimates that say that it takes roughly 6k to mine a bitcoin and when the halving comes that number will go up so the majority of those miners are not going to have the money to mine bitcoins for a loss for long and they will have to shut down their operations because of the halving.

Your prediction about some miners to quit mining is right but there will be some die hard bitcoin enthusiast among the miners which will mine bitcoin base on the future price and Mati of etoro have once make a statement on twitter when the Chinese government thought of shutting down bitcoin mining factory in China that will only lead to a positive effect on BTC price. Besides, halving was purpose as BTC inflation control not to cause downtrend.

There are places where electricity is just too cheap and miners will just keep mining and will sell them at market price. Halving will always succeed as it always did in the past. Its fast approaching by the way and I think there will be a lot of buyers of BTC just before halving now that they knew people were selling out due to Covid crisis.

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Quote from: South Park on April 02, 2020, 10:31:38 AM

Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

We think of the miners as gigantic organizations with lots of cash in hand that can survive anything but the majority of miners are probably persons that have a few miners on their own and that are part of a mining pool and they do not have the cash to survive for that long, there are estimates that say that it takes roughly 6k to mine a bitcoin and when the halving comes that number will go up so the majority of those miners are not going to have the money to mine bitcoins for a loss for long and they will have to shut down their operations because of the halving.

Your prediction about some miners to quit mining is right but there will be some die hard bitcoin enthusiast among the miners which will mine bitcoin base on the future price and Mati of etoro have once make a statement on twitter when the Chinese government thought of shutting down bitcoin mining factory in China that will only lead to a positive effect on BTC price. Besides, halving was purpose as BTC inflation control not to cause downtrend.

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Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

We think of the miners as gigantic organizations with lots of cash in hand that can survive anything but the majority of miners are probably persons that have a few miners on their own and that are part of a mining pool and they do not have the cash to survive for that long, there are estimates that say that it takes roughly 6k to mine a bitcoin and when the halving comes that number will go up so the majority of those miners are not going to have the money to mine bitcoins for a loss for long and they will have to shutdown their operations because of the halving.

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One way or another, the division of the reward for Bitcoin mining will still take place, but How it will affect the price of Bitcoin is very difficult to say. The fact is that I wanted to understand this issue a bit and saw a lot of factors that complicate the work for miners, since miners will be forced to buy more expensive equipment for bitcoin mining, besides, as always, they require large energy costs. but we must consider the cost of bitcoin mining, which is much higher than the cost of bitcoin today. But if the reward for miners is reduced, then problems with manners can lead to an even greater deficit in transactions, since even today's scalability of Bitcoin does not very much satisfy many. Personally, I prefer to wait for the month of May and myself to observe what will happen.

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Quote from: ololajulo on March 29, 2020, 04:56:32 PM

I am very sure the success of bitcoin can only be delayed, it cant ever be denied. Some are with the opinion the build up for bitcoin would manage the parabolic pump not to have such a devastating bear market like we have had, some also feel we cant have the 100k and beyond in the next bull, even Roger Var made the number of such predictors.

Now that the harsh rate had reduced massively will it postpone the halving beyond May?

How massively hash rate reduced? Difficulty adjust every 14 days. So delay can be only few days. When halving of BCH and BS will happen next week I believe many miners that mine them will switch to Bitcoin. So difficulty will only increase and not decrease.

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Quote from: criza on March 30, 2020, 08:32:33 PM

Yes, because for me, the present condition where the people is in a quarantine will only serve as a catalyst for the upcoming bull run. People in a quarantine, can't buy freely outside the things they wanted because, not all are accessible, restos and other destinations are usually closed because of the pandemic, and sooner, if the quarantine would be lift off, impending demand would make the standing of stock markets to shoot up especially Bitcoin because, the upcoming halving event will make the demand for it even more high.

The most reason that most of us are expecting the possible price increase and market pumps is that we tend to see a huge market demand due to the pandemic situation but the market shows in the opposite way but instead, it drops. The coming halving still in the uncertainty and we all are aware of how the global market affects us and in crypto. Though we saw a slow-growing market but still, it is not enough to make bullish to be in reality. It is possible that we gonna miss it again this year.

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Yes, because for me, the present condition where the people is in a quarantine will only serve as a catalyst for the upcoming bull run. People in a quarantine, can't buy freely outside the things they wanted because, not all are accessible, restos and other destinations are usually closed because of the pandemic, and sooner, if the quarantine would be lift off, impending demand would make the standing of stock markets to shoot up especially Bitcoin because, the upcoming halving event will make the demand for it even more high.

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Quote from: Hypnosis00 on March 30, 2020, 07:45:11 AM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

It possible that we can't see the price moves so high compared before but it seems not really a big deal for me (I hope the others will). The most important thing is that we are able to surpass the hard time that we are facing today. I know some people look embarrassed and really disappointed as they are much expecting it to be bullish. The situation isn't perfectly at the right time, the spread of coronavirus brings the whole market into down and makes people become paralyzed from their normal activities.

But even though we have this pandemic, I know investors still have the strength and strong minds to give them enlightenment. And this could help not to bring the market drops hard.

We are still seeing that the prices are holding still into these levels which is pretty good which means panic didnt go through the floor when its tending to head lower than 3k price.
I can feel out the panic but this isnt the first time for crypto market to have this kind of bad situation where prices do hit up their all time low for years.About bitcoin halving,
im not really that also expecting much specially now that we are experiencing a big global problem which is the covid 19.Its not the right time to consider out on prioritizing
our holdings or money because whats the most important for now is our own lives or survival.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

It possible that we can't see the price moves so high compared before but it seems not really a big deal for me (I hope the others will). The most important thing is that we are able to surpass the hard time that we are facing today. I know some people look embarrassed and really disappointed as they are much expecting it to be bullish. The situation isn't perfectly at the right time, the spread of coronavirus brings the whole market into down and makes people become paralyzed from their normal activities.

But even though we have this pandemic, I know investors still have the strength and strong minds to give them enlightenment. And this could help not to bring the market drops hard.

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Quote from: ololajulo on March 29, 2020, 04:56:32 PM

I am very sure the success of bitcoin can only be delayed, it cant ever be denied. Some are with the opinion the build up for bitcoin would manage the parabolic pump not to have such a devastating bear market like we have had, some also feel we cant have the 100k and beyond in the next bull, even Roger Var made the number of such predictors.

Now that the harsh rate had reduced massively will it postpone the halving beyond May?

Good point. As of now the bottom looks like the 6k mark and it is having a difficult time to go beyond that again.
But that is still just a price.
After all of this some people may suddenly look for another option to save their money and bitcoin is just around the corner.
They might discover it after this.
The thought of not touching anything will remain because of the pandemic. You want to just swipe something to pay for everything and not having a chance to be infected with all those coins and paper.

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I am very sure the success of bitcoin can only be delayed, it cant ever be denied. Some are with the opinion the build up for bitcoin would manage the parabolic pump not to have such a devastating bear market like we have had, some also feel we cant have the 100k and beyond in the next bull, even Roger Var made the number of such predictors.

Now that the harsh rate had reduced massively will it postpone the halving beyond May?

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Quote from: pixie85 on March 28, 2020, 05:59:11 PM

Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

Bitcoin has never faced a recssion as big as this one, sho this halving could be different but I don't expect a drop in price. We will probably not get another 10x growth like we used to but it's not going to be a disaster either.

Expect the unexpected even the covid problem neither happened or not.Market is always unpredictable where things do happen on least expected even how bullish we are facing.
For now where we are facing a pandemic, its no surprise to presume that things now are becoming worst and we can point out into those things that heavily affected which would really
be a big factor on the upcoming halving event.Honestly, im not already expecting for such big growth but somehow i do still hope for something deep inside but to avoid yourself
on getting stressed then better dont mind too much because if things wont happen on what you expect then it will surely just frustrate you.

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Miners will not quit because of the halving like many people seem to think. Those who are quitting now are probably being forced to do it because of the virus. Many companies have been shut down and quaranteened and Bitcoin mines aren't an exception here. China has closed its borders in preparation for another wave of infections and this had to impact the miners located there.

Bitcoin has never faced a recssion as big as this one, sho this halving could be different but I don't expect a drop in price. We will probably not get another 10x growth like we used to but it's not going to be a disaster either.

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Quote from: fabiorem on March 24, 2020, 02:39:49 PM

Yes, it will cut bitcoin cost of production in half.

Today the cost to make one bitcoin is $8k. And the standard market price is $6k. The bottom is $3k.
After the halving, the cost will be $4k. And the standard market price will be $3k. The bottom will be $1.5k.

For this reason, many miners will stop their operations, as it will cost less to make a single coin. This means less profit and less motivation to continue.
I trust the medical establishment and vaccines will be a solution for the current financial crisis. After the vaccine everything will flourish again.

While a vaccine will without a doubt help to get back the confidence of investors and the general public in the economy, it is going to take a lot of time to produce enough of it to protect the people that have the greater risk of contracting the disease, as such the negative effects on the economy will continue for months if not for the rest of the year and even if the halving is a great news when it comes to the fundamentals it is not going to push the price of bitcoin up immediately, but instead of looking at this as a problem you need to look at this as an opportunity since it is likely we will be able to buy bitcoin for a cheaper price during the next months.

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Quote from: fabiorem on March 24, 2020, 02:39:49 PM

Yes, it will cut bitcoin cost of production in half.

Today the cost to make one bitcoin is $8k. And the standard market price is $6k. The bottom is $3k.
After the halving, the cost will be $4k. And the standard market price will be $3k. The bottom will be $1.5k.

For this reason, many miners will stop their operations, as it will cost less to make a single coin. This means less profit and less motivation to continue.
I trust the medical establishment and vaccines will be a solution for the current financial crisis. After the vaccine everything will flourish again.

I have seen people who are wrong before, this is not the first time I am facing someone who is wrong, but I have actually never seen someone as wrong as you are. Bitcoin cost will literally double not drop in half, do you even have any single clue on what halving is?

The mining production will basically get half of what it used to get per block they find, which means they will actually lose money and not make money, there is absolutely no way you can miss that if you looked at it even once. Halving will help us out a lot in the future because of less inflation but do not forget that we have dropped to 5k this way while miners were basically losing money, so just because there is a bitcoin mining cost doesn't mean price won't go below that, it could definitely still go down.

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Quote from: rodskee on March 24, 2020, 10:32:42 PM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

No one knows mate but if we will all Bind together to Buy in this cheaper price?and to keep the Holdings for the halving?
i Believe there will be a chance to grow even the Corona Virus is killing all the economy worldwide and thats indeed.
but if all will make negative impression and don't look for the Positive part?then no way we can achieve this Success even the halving take part this next quarter.

hodling and buying can surely up the price without the help of halving but not all people can do that this time because people feel the tension too . some people depend on the halving too much but they themselves dont do actions such as buying .

if they are excited they should make an effort atleast buying for preparation as that can also contribute to up the price . lastly halving will be succesful and no virus can stop it because halving is done online and not offline the only question is if this really up the price but i think its 50/50 .

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

No one knows mate but if we will all Bind together to Buy in this cheaper price?and to keep the Holdings for the halving?
i Believe there will be a chance to grow even the Corona Virus is killing all the economy worldwide and thats indeed.
but if all will make negative impression and don't look for the Positive part?then no way we can achieve this Success even the halving take part this next quarter.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

It will always depend to the situation also especially that we are facing a pandemic right now. But if in case the vaccine will be discovered before the halving then there is a chance that we can expect the market to skyrocket if the demand will likely to grow once the pandemic will be solve.

The market goes down badly because there are plenty of countries that impose a lock down and because of it many are stocking their daily needs like food and etc. If this pandemic didn't happen, there is a big chance that the market is already lively right now as we successfully break the 10k barrier of bitcoin price and we will be likely to see a 15-20k$ of bitcoin price before the halving.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

We are so hopeful for this halving but not it gives assurance that everything will be fine and set for another ATH. It possible to see a few pumps, in fact, we have noticed that this time. The only thing we have to make this time is to keep calm, be patient and never get affected by the FUDs that we mostly heard around. This all be temporary, we will not sticking to this situation all the time. And the most important thing we should have to do is to keep safe from coronavirus coz it helps a lot.

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Yes, it will cut bitcoin cost of production in half.

Today the cost to make one bitcoin is $8k. And the standard market price is $6k. The bottom is $3k.
After the halving, the cost will be $4k. And the standard market price will be $3k. The bottom will be $1.5k.

For this reason, many miners will stop their operations, as it will cost less to make a single coin. This means less profit and less motivation to continue.
I trust the medical establishment and vaccines will be a solution for the current financial crisis. After the vaccine everything will flourish again.

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Success of halving is not in the price increase, there was never a case of immediate price increase at halving, we have not seen less than 3 months after halving of pump so might need more patience. I don't know why i see different dates of halving online but we sure the halving will take place in May irrespective of the drop in the harsh rate of the halving and reduction of miners. Sincerely am getting bored with the trend i want to see good green market again

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Quote from: South Park on March 24, 2020, 12:34:51 PM

Quote from: Mulann2 on March 20, 2020, 10:29:02 AM

am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

It is not going to be as simple as that, even if the issue with the current pandemic was resolved today it will have lasting effects on the economy, many people lost their jobs and many businesses went bankrupt as well, governments will indebt themselves even more to try to get out of this crisis and we are facing a bear market that will last a long time, as such I think that even the halving will not be enough to push the price of bitcoin up.

And if we look at the current situation in the world because of the coronavirus from the point of view that this will affect the search for investors of other sources for investment, and in this case the cryptocurrency market, especially Bitcoin, can be a good alternative, since even oil prices have fallen more than 50% and according to the latest news from Saudi Arabia and the United Arab Emirates, oil prices will continue to decline. I believe that only increased interest in cryptocurrency will improve the state of the cryptocurrency market, which is quite possible and expected in the current situation.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

I think bitcoin will run huge after bitcoin halving. Because halving will reduce the reward of miners. The last bull market started after the halving of 2016. So here we can expect something good. However, the situation in the world is not good now. We do not know what is going to happen in the coming days.

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Quote from: Mulann2 on March 20, 2020, 10:29:02 AM

am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

It is not going to be as simple as that, even if the issue with the current pandemic was resolved today it will have lasting effects on the economy, many people lost their jobs and many businesses went bankrupt as well, governments will indebt themselves even more to try to get out of this crisis and we are facing a bear market that will last a long time, as such I think that even the halving will not be enough to push the price of bitcoin up.

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Well, if you are asking technically, there is no way halving is not happening, it will definitely happen, however at the same time we just don't know what the price will do. To start with we have been 7k when this year started, so lets not get too worried just yet, we were around that level just yesterday, obviously we are doing fine.

Plus, halving will make sure inflation is lower so it is not like a one day thing, you are not going to suddenly see bitcoin going up like crazy, people think that bitcoin price will go up in May/June just because of halving, that is not how it works. First we get less bitcoin printed, then we get less bitcoin sold, then we get higher liquidity but less availability, that means scarcity, that means more people buying for higher because there are less people selling.

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Quote from: Becky666 on March 20, 2020, 12:57:35 PM

Whales alert had shown that they are the market manipulators as it has clearly tells they decide what happen to the general market, as at today and few days back, they have been moving funds from various destinations either to dump and take their profit, sometimes they mop the market for personal gains. They're the major problem the cryptocurrency community has and if nothing is done they will continue manipulating the entire market. Hope the Bitcoin halving goes as well and as history to repeat itself. Few months ahead of the big event to surface, hope you have stash your coins for profit?.

I'm not sure what you mean here, it's never been clear. Always, just as the nature of the market itself, speculative. I mean, I've seen myself the evidence of whale movements, spoofing bots etc. but when I personally sell or buy, those things do not affect me, and I can't see the clear correlation at all, especially when whales buy and prices go down.

If they're really manipulating the market, why are people still getting into it? If you believe, like some states do, or regulators, why are you buying into Bitcoin?

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Quote from: wxxyrqa on March 19, 2020, 12:06:30 PM

Quote from: Reatim on March 19, 2020, 11:11:48 AM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

Historical indicators indicate that halving in any case should positively affect the price of bitcoin. But I have the impression that many cryptocurrency users do not think about the results of their desires when they expect a drop in the price of bitcoin in order to buy a cheaper coin. Each time the market falls, it is very difficult to lift it from the bottom. It is necessary to take into account the fact that with negative events in the cryptocurrency market, many potential investors are disappointed and leave the market. I believe that the situation cannot be brought to such a degree of complexity.

Investors leave market for a while because of disappointments but they are coming back once the green signal starts and with this occasion surely reinvesting is what they will do first hand.
And why need to be bother if you are investors when the purchasing happens in this kind of market.

Quote from: gentlemand on March 20, 2020, 04:03:58 PM

The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

But this unhappy memory will sooner be change when the Crisis ends and the Halving comes though nothing is certain but i am not losing my hope this second quarter.

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Quote from: gentlemand on March 20, 2020, 04:03:58 PM

The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

The current situation is very important for bitcoin however its effect is not clear yet. Inflation or fast rise then sudden crash or volatility are normal regarding bitcoin history and we got used on it.
For the moment, people are panicking and this panic is increasing day after day. Markets over the world are losing too much, the number of isolated towns/states/even countries is increasing too every day.. Cash won't help you in your home, some people will not prefer to touch it since it could be contaminated and with banks queues/limited open times, cashless options are the best solution to shop IRL/online with credit cards or cryptocurrencies. What could make bitcoin more attractive is to see the price lower and you realise that it will increase soon. I believe "big whales" realised that and decided to lower the price so more people will join in this disastrous moments.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Well, so far as I have noticed after the halving Bitcoin price was successfully rising so I'm pretty sure that the price will eventually gonna rise after a some months. We just don't know yet when will it's going to happen but most people expected it to happen in 2021. Maybe they were right or maybe not but let's just wait and see how would the market is going to react with the volatile situation.

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The current situation doesn't matter. Bitcoin's inflation rate is undergoing an irrevocable change that will continue have effects long after all of what's happening at the moment is an unhappy memory.

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Quote from: rdluffy on March 18, 2020, 03:35:12 PM

Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

We have trying to treat bitcoin like other cryptocurrencies and that is bad for the entire cryptocurrencies. Just yesterday and this morning bitcoin and some of the coins has gained tremendously but those gains has been wiped out because of what is happening in the traditional market. Halving is an event that always Creates positive impact on the market and I believe before then we there is cure for covid19 bitcoin will surge high.

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Quote from: XCANA on March 20, 2020, 12:44:52 PM

Quote from: katiepower on March 20, 2020, 09:11:23 AM

The price has already started to rise, and I think the situation will stabilize in the near future.

<•••••••>
Let's wait and see their games everywhere before Bitcoin halving and after, to determine the outcome as the outcome can't be predicted now due to it volatility.

Whales alert had shown that they are the market manipulators as it has clearly tells they decide what happen to the general market, as at today and few days back, they have been moving funds from various destinations either to dump and take their profit, sometimes they mop the market for personal gains. They're the major problem the cryptocurrency community has and if nothing is done they will continue manipulating the entire market. Hope the Bitcoin halving goes as well and as history to repeat itself. Few months ahead of the big event to surface, hope you have stash your coins for profit?.

XCANA

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Quote from: katiepower on March 20, 2020, 09:11:23 AM

The price has already started to rise, and I think the situation will stabilize in the near future.

You're correct but the recent sell orders from these whales is likely to give us what we need at the present. Seeing the market as at today, they have been moving their coins from exchange to unknown wallets while at the same time some were seen moving theirs from storage wallets to exchange to dump. Have said this and will still reiterate it, the power for bitcoin to soar depend on the community members that surround Bitcoin.

Let's wait and see their games everywhere before Bitcoin halving and after, to determine the outcome as the outcome can't be predicted now due to it volatility.

Mulann2

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am optimistic the price will be good in the halving period, already we can see what is happening since yesterday, btc has been going up a bit compare to few days back, btc halving is coming close and hopefully by then the pandemic would have reduce and probably there is a solution, so am very hopeful the price will be right in the upcoming halving.

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Quote from: joshy23 on March 20, 2020, 06:10:33 AM

Quote from: K4C on March 19, 2020, 04:54:22 PM

No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.

The current market is moving positively and it's showing good bounce hopefully it's the beginning of the rise inside the market. Though no one knows what will be the real score but everything is working in how the traders and investors like it to happen.
Be positive and buy when you are ready to invest for longer time period. The effect of halving will be there same with how it works before.

One of our huge problem is the market price because when the outbreak are happening the market price of the bitcoin and the altcoins drop and this is not quite good still we need to make some changes and now the price of the bitcoin recovering and this is a good sign for having a market income or profit because it is normally back and give a good market income. Still the halving is coming and we are looking forward to make more earning with the help of the slowly process of increasing of income.

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Only if whale pump it or economy will grow in general

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Quote from: rdluffy on March 18, 2020, 03:35:12 PM

Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

During the last two days we have seen an important recovery in the market and bitcoin is trading once again above 6k but I cannot help to think this is a premature movement, we all know that most likely the huge drop was caused by the economy suffering because the corona virus and I do not see any big recovery there so I think most likely during the next days the price should go down as the number of buyers decreases and the supply of bitcoin in the market increases as miners have to sell their coins to cover their costs.

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The price has already started to rise, and I think the situation will stabilize in the near future.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Absolutely yes, the price of Bitcoin will soar higher than we never think of because of the recent happenings around the world of coronavirus. This will make the Bitcoin halving gather more weight than before, meaning, now that the situations have been in control more investor's will like to invest in Bitcoin this time. Also, the reasons of sty at home and work from home with also play a greater role in Bitcoin ATH, though, till then. Before the month of May, 2020 we're going to hit a good price rang like $15,000 though its just a speculation.

larus

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If situiation is going to be worse then halving wont save us

FlightyPouch

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Quote from: larus on March 20, 2020, 06:52:35 AM

If situiation is going to be worse then halving wont save us

The price is getting better and even if it continuously fell this week, I think halving will still be effective in a way to save the price from falling down. The price immediately rose, a bit surprised that it recovered so easily just after a night. It might still increase now so for the people that already dropped their btcs, you learned your lesson here.

thesmallgod

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As long as people are still trading and making use of bitcoin for products and services, I strongly believe the short fall will recover and the halving will have the influence on the price. To what extent the halving will have on the price is what no one can predict

joshy23

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Quote from: K4C on March 19, 2020, 04:54:22 PM

No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.

The current market is moving positively and it's showing good bounce hopefully it's the beginning of the rise inside the market. Though no one knows what will be the real score but everything is working in how the traders and investors like it to happen.
Be positive and buy when you are ready to invest for longer time period. The effect of halving will be there same with how it works before.

Sadlife

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With the massive quantitative easing doing by the fed to save economy, it's actually doing the opposite as they're only making matters worse. If they continue mass printing of money then it would make loyal fiat and stock investors flee the monetary and will start to look for decentralize system which where Bitcoin would come in.

gundala

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Quote from: ?? on ??

Bitcoin has seen huge dumps more than this and even returned to lows other than that what we just witnessed. Yet every time it survives and comes back as never before. I think this is just the beginning and we are likely to see another rise in the price of market as the halving approaches again.

True, although not the deepest decline in BTC in a single day but including the worst in the last 5 years, the information here. We all know that this is only temporary, because of the rumors and news that can affect price movements. And today we see a lot of green candles on the market, this is a good sign, the uptrend is starting to appear, while the stock market in the world is still red. Usually before halving there is always correction and I think a few days ago was the best time to collect more coins, even if counted per day it was already profitable. If this trend continues to be positive then after halving later there will definitely be extraordinary surprises again, yes even though it cannot be certain to surpass ATH, at least there is a high bounce.

Twentyonepaylots

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Quote from: BuNga_cute on March 19, 2020, 09:43:41 AM

To be honest I was hesitant to see the conditions now, can make bitcoin halving successful. Evidently I was wrong, bitcoin halving will be soon
happened a few more months. However, in the end we can see that today the movement of bitcoin is getting more positive, the price of bitcoin
is increasing despite the increase slowly. Now bitcoin is already priced at $ 5800 and I am sure it will continue to rise, at least it can return to
the price of $ 10k. Hopefully it can be more fast rise in bitcoin prices. So halving that will occur around May 2020 will be a success and all
will be smooth without problems.

As of the moment bitcoin's price plays around $5800 to $6000. This is indeed due to the panic the pandemic COVID-19 is causing. And many are speculating that once everything is settled bitcoin will bounce back. However, I believe that this dump happening right now is a mere chance for us to buy more coins in to get more gains when the halving comes in. Hopefully the whales saw through this and are already planning on pumping money into the system so at least when the halving comes around may. We will be able to get high gains, which may or may not reach another ATH like what happened last 2017.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

At this situation it's really complicated to say. Because right now people are facing more than halving thing. Mainly halving didn't created for btc price bump. It's a thing which means for cutting half of the block reward. And we all have point that around that time there are many chance to bump btc price(which have logic though). Well in my opinion if we won't find a solution for current global crisis then it's tough to recover btc price during halving. But positive news is btc price is already start to rise which gave people little bit hope.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The drop isn't permanent. Eventually the price will start to recover and rise back to where it was. On other hand, the halving will cause the supply of the new generated coins to go totally half. Thus the amount of new coins that will circulate around the market will be lesser compared to previous years. Thus, this will in turn cause the price to increase. Now, people will want to take advantage of this halving. The prices have already dropped and people will try to invest as much as they can to maximize their profit from the halving. Thus, the price will start to rise due to increased demand.

K4C

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No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.

crustycrab666

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The crypto world is always full of surprises, right? The COVID 19 pandemic made the economy weak, all markets had a downward trend, so it affected the crypto market. The peak was an extreme decrease in single day -26.7% on March 12, but today there was a positive movement, an increase of 20%. This trend is quite good, meaning that the market can still rise in a relatively fast time. So I am very optimistic that this will not have a big effect on halving later.

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Quote from: Reatim on March 19, 2020, 11:11:48 AM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

Historical indicators indicate that halving in any case should positively affect the price of bitcoin. But I have the impression that many cryptocurrency users do not think about the results of their desires when they expect a drop in the price of bitcoin in order to buy a cheaper coin. Each time the market falls, it is very difficult to lift it from the bottom. It is necessary to take into account the fact that with negative events in the cryptocurrency market, many potential investors are disappointed and leave the market. I believe that the situation cannot be brought to such a degree of complexity.

Reatim

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Bitcoin halving (I mean the reduction of the rewards of miners) will happen as planned somewhere around May. As for the price going up, that's unclear. I think it can happen because whatever happens with COVID-19 at that point will be something people are used to, so I don't see why the price wouldn't recover. It might not happen right away, but I do believe in Bitcoin's recovery at some point. When it happens largely depends on whether the world economy will collapse and when. Apparently, Bitcoin is not that trusted to go up in such an event yet, so the recovery can get postponed.

DeathAngel

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The price is starting to recover, hopefully we’re past the worst now. Just the fact that we have the halving imminently SHOULD theoretically provide us with upwards pressure in the second half of 2020.

BuNga_cute

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To be honest I was hesitant to see the conditions now, can make bitcoin halving successful. Evidently I was wrong, bitcoin halving will be soon
happened a few more months. However, in the end we can see that today the movement of bitcoin is getting more positive, the price of bitcoin
is increasing despite the increase slowly. Now bitcoin is already priced at $ 5800 and I am sure it will continue to rise, at least it can return to
the price of $ 10k. Hopefully it can be more fast rise in bitcoin prices. So halving that will occur around May 2020 will be a success and all
will be smooth without problems.

pawanjain

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Nothing lasts forever

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Bitcoin has faced worse crashes in it's history and that too multiple times and so compared to that we are in a better phase as of now.
We don't know yet how long this Covid-19 situation will last and hence we can't say if the upcoming halving will over take the Corona crash or not.
If the global economy stabilizes by the time halving occurs then may be there are chances that bitcoin might rise again.

conected

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Quote from: fiulpro on March 19, 2020, 06:57:20 AM

I do not think that it would be a profitable moment for all the bitcoiners.
( But then again it's purely speculative , therefore is not a reliable option)
Due to Corona virus , buying and selling of bitcoins is much into demand , banks are failing , economics are going down , people are paying 1000$ for a test without insurance. . .
The whole world is in a chaos and I do think , Halving is least of our concern .

- Halving bitcoin is not really successful at this time, market capitalization seems to be shifting to individual wallets, where people wanted cash to spend during the peak epidemic, the economy and many other investment sectors are still suffering heavily, and bitcoin will not be able to become an exception. But at least, we should still be happy with the arrival of halving, when the situation is in crisis, such good information will help maintain the price of bitcoin, prevent it from falling too deep and unable to return.

20kevin20

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Quote from: kemoglo on March 18, 2020, 07:20:31 PM

Why wouldn't it though? BTC Halving always comes with it times of uncertainty / high volatility, bitcoin is literally doing the same it's been doing in the past, albeit this time is a bit exacerbated by the current world events that people are looking to cash out, but other than that I see no point for halving not to go through successfully as it has done in the past.

I did not say the Bitcoin halving will not succeed. I said I don't expect the price to change positively like before because of the recession. The halving will obviously happen under normal conditions. This doesn't have to change as it's the mechanism of BTC and the mechanism isn't affected by the virus/recession.

However, people are in doubt about basically everything right now: authorities are intentionally not taking the necessary measures to stop the virus, gold and silver which were considered safe havens are falling together with cryptocurrencies, stocks are (or at least were a few days ago) hitting the ground and so on. Everything's uncertain as of now so I don't see why people would get hyped about BTC during a recession. There are way more important things to think about right now, BTC has probably fallen from the top on many people's lists of priorities.

davis196

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The term "price halving" in your thread title is wrong.If you don't know what BTC halving actually is,then you should read more about the subject,instead of posting pointless forum threads.It's called halving because the BTC reward,that miners get after every successfully mined Bitcoin get decreased by half.
This has absolutely nothing to do with the current Bitcoin price.The last BTC halvings at 2012 and 2016 occurred when the Bitcoin price was below 1K USD,so why do you even ask this question.

fiulpro

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I do not think that it would be a profitable moment for all the bitcoiners.
( But then again it's purely speculative , therefore is not a reliable option)
Due to Corona virus , buying and selling of bitcoins is much into demand , banks are failing , economics are going down , people are paying 1000$ for a test without insurance. . .
The whole world is in a chaos and I do think , Halving is least of our concern .

YOSHIE

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People can still trade cryoto assets in their homes, in the current situation.

What are you doubting, I am more afraid if the internet cannot be used anymore by everyone in this world, the reduction of Bitcoin does not affect the current conditions, normal, while people can still open the internet, electricity to trade crypto.
No need to worry and worry that everything will be fine in the future, Bitcoin will recover.

687_2

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Price is the intersection of two curves: quantity demanded and quantity supplied. If demand, or people's general taste or preference, for Bitcoin remains unchanged or increases, and at the same time the quantity supplied of bitcoin remains the same or decreases, then the price of Bitcoin must increase.

michellee

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I believe bitcoin price will recover soon. No matter how long it will increase, the price will start to rise slowly, and it will back to the higher rate. Bitcoin is stronger than we know, and many people still believe the bitcoin price will increase too at the right time. But we don't know if bitcoin price can rise before halving or after halving because we don't have the right information about that. The only thing that we can do now is buying more bitcoin, watching the price moves, or leave the market for a while until our alarm can sound.

gokumarket

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The third Bitcoin halving is less than two months away, but due to the pandemic of the coronavirus, the global economy is on the verge of collapse. At such a situation the government is advising to go digital to people across the globe, as the situation is scary yet, it can be a start of crypto digital revolution towards acceptance across the globe. Stay positive. Cool

KrisAlex18

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Bitcoin will recover sooner, it will happen for sure, the COVID-19 really affects the traders, players, investors, etc. that is why the market also gets affected, but I think it will the price of the bitcoin will still remain next month especially if the virus is still there in our country, but do not panic with that because that is really normal for the bitcoin to change its price day by day, we should expect that to happen because of its features. It won't be dead, because it is not like other businesses in our country, it is totally different with our system in our land, the feature of being decentralized of the cryptocurrency makes it really different to others.

Quote from: rdluffy on March 18, 2020, 03:35:12 PM

Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

Well said mate, we cannot conclude or predict the price of the bitcoin because it always change day by day, I really thought that the very smallest amount that the bitcoin can reach within this year is only 6,000$ but it all changed because of the COVID-19, which results of reaching 3,900 US dollars.

mk4

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Price increases are never, and I mean never, guaranteed. Yes, even in a halving event, especially in the short to mid term span. In the long term though, the halving is really likely to affect the price in a positive way.

pooya87

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the drop is more than 50% not 35! and it is not possible to predict what is going to happen at this point. for the time being the world markets are still crashing but interestingly enough bitcoin price drop was big but lasted very little and has been over for a while now. it is possible that this be the indication of the end of panic and exit of weak hands and the end of manipulation which could lead to the rise the closer we get to the halving.

Darker45

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The price drop of Bitcoin is more than 35% from its high price within the year 2020. Well, I also believed that Bitcoin's price will also rise before the halving, although I was also in the belief that immediately right before the event the price is already correcting. Predictions are just that, mere predictions. In the end, there are unique factors coming into play that will prove to be more influential to Bitcoin's price than the reward halving.

The circumstances at the moment is dictating the price of Bitcoin. And it's really losing much value. I, therefore, think that whatever early positive forecast of Bitcoin's price is changing now. I guess we'll just have to look forward to the months after the halving actually took place. That's the perfect time for the event to seep in the market.

Little Mouse

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Quote from: Rengga Jati on March 18, 2020, 06:59:51 PM

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months..

Many people think that the drop of the BTC price currently has relationships with the huge spreading of coronavirus, converting their BTC to fiat in order to fulfill the daily needs that really have a big crazy increasing price for real. But, some other reasons may also influence.

This may have a reverse affect too. People are locked down in some countries and if all the country follow the same, bank and other financial institution will also be closed which may force people to use bitcoin because it can be used from anywhere. I think this will have affect.

seoincorporation

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

It is a complex question, the economic war between China and the world is on it's top today, and that is fucking up not only bitcoin and crypto markets, but all the markets are also crashing now. So, in the past bitcoin has been bumping for the halving, but this time is totally different, the whole world is getting in a crisis. It is hard to predict what will happen with bitcoin price right now.

Yaunfitda

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Historically, after a block halving, the price will shoot up, months and years and went into the bubble.

However, this year's halving might be different though, because we have a pandemic, in which the past halving didn't have. If the price will go on a bull-run, it might take a little longer.

So I would say that don't expect something big to happen this year, unless the covid-19 scare has completely settled down, meaning vaccine has been discovered to stop the virus for good.

kemoglo

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Quote from: 20kevin20 on March 18, 2020, 05:10:12 PM

I doubt it. Anything is possible, but this is a very uncertain period of time so expect anything to happen. As far as I know, the price usually bumps up about an year post halving. Other people's analysis may prove me wrong, this is how I remember it.

Bitcoin still needs to prove its purpose. Bitcoin needs to find the answer to the meaning of its existence. Halving will make BTC much scarcer, but that doesn't necessarily mean the price will be positively affected. I'd like to believe that in an year prices will soar to All-Time-Highs, but I am afraid the recession will let this happen only many months/years later than it's supposed to happen.

Why wouldn't it though? BTC Halving always comes with it times of uncertainty / high volatility, bitcoin is literally doing the same it's been doing in the past, albeit this time is a bit exacerbated by the current world events that people are looking to cash out, but other than that I see no point for halving not to go through successfully as it has done in the past.

Sadlife

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Yes i also believe that we're oversold right now and Bitcoin has always been a downtrend when halving is about to come and showed us some crazy price movements. But this time is different, right now there's a global financial crisis that plunge stock markets that's correlated with Bitcoin.
I just hope investors and traders will take notice of Bitcoin's value as a free currency without a monetary system to control it.

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Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

Bitcoin price drops almost more than 35% compared to the raise marked previous months..

Many people think that the drop of the BTC price currently has relationships with the huge spreading of coronavirus, converting their BTC to fiat in order to fulfill the daily needs that really have a big crazy increasing price for real. But, some other reasons may also influence.

Quote from: SUMBI99 on March 18, 2020, 03:29:06 PM

and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The halving will be around May 20, 2020. The halving means for cutting half of the block reward. Theoretically, halving will give positive effect on the BTC price. It is related to supply & demand.

However, of course, the increase of the BTC will not happen very easily right away. There must be a process and also how to hype the halving. related to this current situation, the global economy, hopefully, will end soon and the market will continue to progress again. So, when the Bitcoin is doing its halving, the positive effect will influence soon.

FlightyPouch

sr. member

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The bitcoin price rose after halving, it did last year and I think it might do its thing this year too. Halving's purpose is already stated so I don't think we should even say that it will not succeed since the main purpose of it is the answer here.

hatshepsut93

legendary

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What do you mean by "succeed"? Halving wasn't designed to boost the price or cause a bull market, it's there to create limited supply, and of course it will "succeed" in a sense that it will happen and it will be smooth - this same code was already executed during past halvings.

There's no guarantee that it will cause another bull market, just because there were 2 bull markets after past halvings, it doesn't mean it must happen again. For example, there were already 2 rallies - the one that ended at $13.5k and the recent that ended at $10k - these two can be attributed to halving. I see them as a sign that the market is unlikely to repeat the old pattern and will instead bring something new.

pakhitheboss

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There is nothing to worry about it is just a temple phase before halving. Historically just few months before halving price of Bitcoin always goes down and then again goes up.

Considering the global economic situation there might be a little bit pressure on Bitcoin price but, there is nothing to worry as Bitcoin has always come out of worst situation.

20kevin20

legendary

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I doubt it. Anything is possible, but this is a very uncertain period of time so expect anything to happen. As far as I know, the price usually bumps up about an year post halving. Other people's analysis may prove me wrong, this is how I remember it.

Bitcoin still needs to prove its purpose. Bitcoin needs to find the answer to the meaning of its existence. Halving will make BTC much scarcer, but that doesn't necessarily mean the price will be positively affected. I'd like to believe that in an year prices will soar to All-Time-Highs, but I am afraid the recession will let this happen only many months/years later than it's supposed to happen.

rdluffy

legendary

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Soon or later the price will recover, I have no doubt about this, but it looks like we'll have to wait, bacause all markets are suffering right now, and there´s no estimate when is it going to end
Unfortunately will affect the halving, but for long time nothing will change

SUMBI99

jr. member

Activity: 79

Merit: 3

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Topic: Will Bitcoin Price Halving succeed with Currently Situation (Read 574 times)