With Effect On global economy, will Covid 19 affect expected Bitcoin Halving?

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: FanEagle on April 07, 2020, 12:01:37 PM

It is not really that much shocking to think bitcoin halving may not be affected because lets face it by the time bitcoin halving happens this corona virus thing will be basically getting smaller and smaller and also the financial world is getting better and better even right now, by the time halving happens financial world basically be not only recover but look ahead like nothing happened.

Sorry but we still have 1 month before the halving so let us not preempt the momentum mate,There will be a cure for the disease tomorrow or the next days or week ?no one knows so we still have a plenty of time to wait and speculate .

Quote from: FanEagle on April 07, 2020, 12:01:37 PM

I know it sounds crazy to think like that and I would have said the same thing if I didn't checked the stock markets and the companies profits and also crypto prices as well, everything looks like nothing has happened so far and that is shocking to me but if that situation is like that then it shouldn't matter to halving as well. At least that is what I am assuming but maybe I am wrong I don't know.

lol our situation now is much better compared the start of 2019 so why feeling like this when the truth is market is still showing Good at this more than $7k level?

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Harlot on April 07, 2020, 12:07:03 PM

Honestly at this point I'm not even sure about what my answer is anymore. I was one of the many persons out there that the drop of Bitcoin was just coincidental with the early spread of COVID-19 but when I saw that other markets are dropping together with Bitcoin dropping from 10,000$ down to half of it's price that's when I started to believe that even investors in our own crypto market are also panicking. The success of the expected pump we want to see in the nearing halving will depend on the future state of our Earth and I think only recovering from this pandemic is the key for that to happen.

Truly, the pandemic situation greatly affects the crypto market also. It is interesting to know what would be happening before and after this bitcoin halving. Hard to speculate because it is like a mess now. Global economy is affected by this health crisis that we are experiencing. But I have good hopes in this upcoming halving. Even with this crisis, bitcoin is trying to fight and increase its value. A lot are predicting it will go down below $3k but here we are, more than $7k mark.

Harlot

hero member

Activity: 1806

Merit: 672

Honestly at this point I'm not even sure about what my answer is anymore. I was one of the many persons out there that the drop of Bitcoin was just coincidental with the early spread of COVID-19 but when I saw that other markets are dropping together with Bitcoin dropping from 10,000$ down to half of it's price that's when I started to believe that even investors in our own crypto market are also panicking. The success of the expected pump we want to see in the nearing halving will depend on the future state of our Earth and I think only recovering from this pandemic is the key for that to happen.

FanEagle

legendary

Activity: 2884

Merit: 1117

It is not really that much shocking to think bitcoin halving may not be affected because lets face it by the time bitcoin halving happens this corona virus thing will be basically getting smaller and smaller and also the financial world is getting better and better even right now, by the time halving happens financial world basically be not only recover but look ahead like nothing happened.

I know it sounds crazy to think like that and I would have said the same thing if I didn't checked the stock markets and the companies profits and also crypto prices as well, everything looks like nothing has happened so far and that is shocking to me but if that situation is like that then it shouldn't matter to halving as well. At least that is what I am assuming but maybe I am wrong I don't know.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: Lucius on April 06, 2020, 09:57:44 AM

Some may think that halving will be delayed like everything else, but fortunately the virus cannot disturb such things, so BTC halving will happen exactly according to the technical specifications. Of course, it is quite another question whether this event will cause the price to rise given the current economic situation. No one can say that with certainty, but if the world manages to deal with the virus and if the economy restarts, I believe it will have a positive impact on BTC.

Some may think that the current price is low, but it was even lower last December, and I am quite pleased with how BTC is coping with this crisis. From a $4000 low to $7000+ today is only proof of resistance and many people who still believe in this project.

Well, there's more and more evidence that Bitcoin started following the stock market, and combined with the current projections that the epidemic should end or at least be minimized in 1-2 months, it's likely that Bitcoin will turn truly bullish sometime soon. We are still not far from the key support level of $6,500 that was defended in the past, and it's possible that we will have to test it again, but still I'm bullish for this year as a whole.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

your right with this . for who is crypto anyway and why it will be exempted on the engative effects when in fact even big companies and markets are now already suffering . pretty sure btc halving are going down to be cancelled but this is fine because other important events are also cancelled too .

better cancel it than continue it with less support from the public because you know less people are only bagging btc . its disapointing to see halving coming with now improvement in the price ,so .

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

I think it is very hypocrite to say that Bitcoin Halving will not be affected with this Corona Virus when everything in the world now are affected right?it is very given that at least the Bull market will be late comer since we are still in this Pandemic

Quote from: joybella on April 05, 2020, 01:22:03 PM

It may it may not. The cryptocurrency market quickly recovered from the sudden crash of the pandemic and has been holding strong especially the Bitcoin market
This crisis will not after the halving coming up next month.

Holding strong with 7k level now?but that is not enough because we should have seen at least more than 10k if this pandemic did not spread the world.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020?

COVID-19 had stopped the momentum of early Bear for the halving that ends last march 12,so basically there is a effect.

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic?

it can be worst since there is still no cure found for this virus,But it can be Bull if it can be found earlier this quarter.

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

i will just go with the flow,because i have already manage to gather enough budget until the quarantine ends so my family is safer now and my holdings will remain intact until the market Blooms again.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I hope that Covid-19 is not impacted negatively on the bitcoin halving process, but it might impact the bitcoin price. And if we take a look at the conditions, bitcoin is work on the internet, while the Covid-19 exist in real life, so both Covid-19 and bitcoin are not related. But if people are panic because something happens in their real life, that can impact people who have bitcoin, especially people who don't have much bitcoin. They will save their money first, and maybe they will sell some bitcoin that they can stay survive in real life.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Depends on the world, not the crypto community. If the world actually keeps recovering and everything goes great, then we will definitely see an amazing increase during halving as well, we dropped enough to make it not worthwhile to mine and some machines even closed down during this period, they will want to sell higher and with more and more waiting around these prices plus the halving that will mean there will be more and more miners who will hold instead of sell which will cause the market to have lack of selling and that will make buyers buy from higher prices to get their hands on some bitcoin no matter what the cost is.

Obviously, this is also a wishful thinking because not all the time what you expect happens, sometimes an unexpected thing could happen as well.

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

I believe that crypto prices shouldn't be influenced very much by the spread of covid-19 after the recent fall that we have seen. As crypto is based on the miners selling their coins against the buy wall of the buyers, so now the number of new Bitcoins mined will be reduced to half and now for the same amount of electricity consumed the miners will get half the reward so this should affect the bitcoin price positively.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: hatshepsut93 on April 05, 2020, 05:22:38 PM

Halving is a technical event first, not an economic/speculative one. The hashrate declined a bit after the crash, but nothing too big, so there's no reasons to worry - the halvening will happen within the expected period of time. If you expect it to instantly boost the price, this was never the likely scenario anyway, the halvening is always priced in long before it happens, so it was unlikely to happen even without the epidemic.

Some may think that halving will be delayed like everything else, but fortunately the virus cannot disturb such things, so BTC halving will happen exactly according to the technical specifications. Of course, it is quite another question whether this event will cause the price to rise given the current economic situation. No one can say that with certainty, but if the world manages to deal with the virus and if the economy restarts, I believe it will have a positive impact on BTC.

Some may think that the current price is low, but it was even lower last December, and I am quite pleased with how BTC is coping with this crisis. From a $4000 low to $7000+ today is only proof of resistance and many people who still believe in this project.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Jannyh on April 05, 2020, 09:55:59 AM

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

Might not be fully correlated but as we can see on how thing goes on other market as well which we can really presume that it would give out such impact and thats why
im not really expecting too much on what would be the situation on the halving event but somehow we can see the price had break 7k once again at this moment which
do somewhat ease the stress than seeing going down to the floor.For now its better to utilize movement and dont expect much on halving event and as long you have bought
on low levels then for sure you are making money now at the moment.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Any steady progress would probably not be seen in the next few months. The price progress recently has probably stemmed from the price pretty much being low, and the fear and panic subsiding quite a bit. Nonetheless, the virus itself still exists and no solution has so far been released. This just shows that the situation hasn't stabilized yet, and it would only be as such if a vaccine is released. I'd say that if any bigger outbreaks occur once again, prices might just drop suddenly like the recent $3.9k drop. So far, authorities have been doing quite well in isolating infected cities and the like, but you never know what could happen in the near future.

mahilchii

member

Activity: 560

Merit: 13

Well, it looks like COVID-19 will not impact the halving is the price of BTC is slowly going up which I would say it as a advantage. The last two halvings were impressive and I believe it will not disappoint this time too.

I am planning to buy some asset before halving as I am very confident that the price will go up, guys just have patience and wait for few more days...

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Halving is a technical event first, not an economic/speculative one. The hashrate declined a bit after the crash, but nothing too big, so there's no reasons to worry - the halvening will happen within the expected period of time. If you expect it to instantly boost the price, this was never the likely scenario anyway, the halvening is always priced in long before it happens, so it was unlikely to happen even without the epidemic.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: avikz on April 05, 2020, 11:00:58 AM

Ideally, we could have seen an uptrend in bitcoin price already due to the upcoming halving. However, COVID-19 actually messed up all calculations for crypto market as well as for the real world stock market. If we look at the history, you will see bitcoin has gained a good percentage after every halving events that happened in past. You can refer to the below article to know it better,

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

But at this current situation, it looks really really hard to see a sustainable uptrend in bitcoin price. Even though speculating, but I don't think we will be able to see a sustained growth before September 2020.

In 2012 and 2016, BTC was in obvious bull markets. This time that is not the case, not to mention the global investment context, so I don't have the same time expectations around the halving this time.

By year end or early 2021, I expect people to be widely questioning or giving up on the "4-year cycle" and stock-to-flow model. That's when things might turn bullish again. The market is still following this trajectory so far:

disconnectme

hero member

Activity: 1876

Merit: 512

There is doubt this Chinese Virus has actually affect the price of BTC, if not for the Virus the price would be around $14k, we are where we were around November last year, it has set the market back by 6 months, If this Virus persist after halving, the price might dumped great, people just need to prepare for the unexpected

joybella

jr. member

Activity: 370

Merit: 1

It may it may not. The cryptocurrency market quickly recovered from the sudden crash of the pandemic and has been holding strong especially the Bitcoin market
This crisis will not after the halving coming up next month.

mersal

member

Activity: 1204

Merit: 38

Still we have a month left for the halving so things will get settle down before that so chances of movement will turns into bullish if we have control over the spread in the upcoming days so the next couple of week is really the key point whether the prices will go bearish or bullish.But for now the price seems bullish so buy now if you are a long term investor.

Topic: With Effect On global economy, will Covid 19 affect expected Bitcoin Halving? (Read 244 times)