Bitcoin Forum

Reference: https://www.forbes.com/sites/billybambrough/2019/10/31/forget-the-halvingcould-this-be-what-sends-bitcoin-soaring-next-year/#2ede27653062

Here are the list of hot news for the past weeks that might impact the bitcoin's market price, volume and adoption.

1. Bitcoin Halving in 2020
2. Implementation of bitcoin to the largest coffee shop (Starbucks)
3. Bitcoin Vs Gold
(I do not include Libra since it don't have direct impact on bitcoin)

In my opinion, through this news about bitcoin, we don't have any reason to leave, or take our money out of the market. What we need is to be prepared for bitcoins market price that will surely soar high any time soon.

We should believe that:
there's no impossible market price that bitcoin cannot achieve.
there's no way government or other party can turn bitcoin down.
nothing can stop bitcoin to help those in needs
bitcoin can be the solution to poor economy
bitcoin will unite the world and make it as one



This might be too pro bitcoin post again. But I know I am doing my best to help bitcoin and crypto in my way.
should you have any opinions about it, post it below.

Unless you have not really monitored the crypto market during any of the bitcoin halvings because only then would you say we should forget bitcoin halving. having users making purchases of coffee through star bucks would definitely affect the crypto market in a positive way but not as much as bitcoin halving. This i believe need to be set clear and so many crypto enthusiasts are aware of this information hence the more anxious we are about it.  ;D

bitcoin adoption is growing and that is the only reason why its price have ever increased and will continue to increase. in other words you should never even think about halving because halving has nothing to do with adoption (aka demand) but only influences the supply.
things such as adoption of bitcoin by a big chain like Starbucks is a good indication of adoption and that is also helping it in the future (the growth of it) which is why it is important for the price rise.

Oh no man! Nobody ever gets to forget the Bitcoin halving that's gonna come our way on May 2020.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price. But , If you take a look how the 1st and 2nd halving took where the market now, you wont be able to resist from remembering how remarkable the Bitcoin reward halving is.

I agree I do not think the recent BTC price surge had anything to do with the upcoming Bitcoin halving.  I believe it is just the whales controlling the market, trying to fill there bags as much as possible. With more companies accepting it everyday and Bakkt. We should see greater all time highs very soon. But I believe we will see 8k atleast 1 more time before the next big ralley!

The adoption of bitcoin by one amongst the leader in the chained network of coffee shops happened long back. This has made some impact over the price of bitcoin. The recent price pumping is much associated with the President of China giving a speech about adopting blockchain technology and the news from China's People's Bank to develop their own cryptocurrency.

You have the right to make assumptions about this, but the reality is that the government continues to monitor and make regulations related to bitcoin and not only in one country, but many countries do it. One of the governments rejection that I experienced was that bitcoin can not be used as one of the legal payment systems, only as an investment asset and a store of value in the commodity market.
Bitcoin may be able to unite the world through the innovation that is in it as one of the payment systems, but I believe it is very difficult to achieve in the near future. More time and effort is needed to increase bitcoin adoption globally.

What is clear to me is that all the factors cited above played their contributing roles in pushing the price of Bitcoin up. Heard about convergence? It is when many things happen to be present at the same time. That could be the very reason why. Now, some can argue with this but taking one reason and giving it the main credit is just absurd.

The coming rewards halving in 2020 is always a big factor but this is going to be an ongoing one which is pushing more people to buy Bitcoin and holding them. Can we not add that as a factor also, even at a minimal level?

And don't forget the reaction of the market to the statement of China's President Xi Jinping on blockchain technology, though no mention of Bitcoin there but people started to see the light of the possibility of soon opening the country for Bitcoin. There are times when market can be acting this way, even irrational if we look at it closely.

people are putting too much faith into things such as halving but OP is putting no faith in it and in my opinion both are equally wrong. halving is an important event for bitcoin, it is cutting the block reward (miner's revenue) in half in one action and it has always been the topic for a lot of discussion. it will have a tremendous effect on the price.

as for others , they are excellent news and they will ALSO contribute to the rise that we will continue seeing from this point forward.
in fact i believe that all these positive news are the reasons for the recent drop and lack of rise due to a lot of manipulation. whale accumulators don't want to let the price go up before they are done accumulating.

I just want to ask you how can it be a solution to a poor economy? Can you please explain your plan on how can bitcoin lead to an equivalent distribution of assets? Moreover uniting the world is a myth. This world has existed and excelled due to competition and fight between two different communities. No matter on what basis these communities are divided but there will always be some sort of division which people will draw from other people. It isn't only a pro bitcoin post but a post drawing hypothetical situation not practical at all.

Since the most rational way to measure the real bitcoin price is mining costs efficiency and miners get bitcoin for every block solved to pay the mining costs, so that the halving really has a great impact on bitcoin price as the block rewards reduce to BTC6.25, which mean the price should increase to cover the cost of mining. Bitcoin adoption is another story, but the impact of bitcoin price can't be measured precisely as the trends in the community determine the price and whales could easily manipulate bitcoin price.

Bitcoin halving events in the past have led to some of the biggest price surges in the coin's history. Well, apart from the one in 2017, that was pure hype. The point is, not a lot of people are going to forget about it. It is an important event, after all. Just think how much it matters to miners, and you'll understand what i mean.

Don't think we will ever be able to forget the bitcoin halving - it's likely the biggest thing since ICO's where discovered and became huge.

This is a bit of an interesting story though, from the Forbes article it looks like it's still in development and I am getting a lot of Libra vibes off them. Already several large company partners, wanting to bring to consumers bitcoin, seems pretty similar.

At least this time it's Bakkt, not Facebook, so it has a great chance for success.

Halving will help the bitcoin price to grow because it will affect the demand and supply. That's why we will never gonna forget the halving since we only have two months left and in May 2020 the start of bitcoin halving. No one knows maybe at Q1 or Q2 in 2020 the bull market will start and that would be the time that most investors are waiting to come.

To think that Bitcoin halving had anything to do with the price surge is quiet ridiculous. You could say that it affects less (which I don't believe so) but it is true though that it is not just about the halving but rather the collection of good news flooding in like what the OP had stated in his post. Halving is quiet remarkable in a way that it would definitely change the market and would attract a lot of attention among the cryptocurrency enthusiasts in general.

There is really no reason to released our BTC now especially we know that even there are no events upcoming it is able to arise so what more if those events mentioned by OP will about to happen next year, halving can give huge impact and Starbucks if they will promote or give example discount or bonus to gain additional BTC adoption thru them.

BAKKT will help Starbucks on their adoption and hopefully they succeed on this one. Its true that we should keep our bitcoin while its cheap, don’t sold yet because the best will soon come to us. Halving will still create a big impact especially on the miners and if the miners see this as a disadvantage, we might still see the deep because of this. We have to remain subjective hear every news and don’t predict too much, always play safe this is the best rule for a small investor like me.

It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:

2. Implementation of bitcoin to the largest coffee shop (Starbucks)

In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support  ??? ??? ???

With 30 000 stores around the world Starbucks can serve as a great testing platform for Bitcoin payments. While it is not yet clear whether this service will only be available in the US or worldwide, the question is whether US customers will be interested in paying for coffee with BTC. I say this for the reason that, as far as I know, every purchase in crypto is taxable - so it would be a little odd that every coffee purchased would have to be extra taxed.

In my opinion, halving is something which is sure to happen sometime in May, and Bakkt/Starbucks is something that may and may not happen next year. Halving will certainly have an impact on the price as has been the case so far, and I disagree that it just needs to be forgotten.

Regarding Bitcoin&Gold, only the link mentioned by the author of the article is that gold is/was store of value and today it becomes payment method, but where? Try to go to the store or pay bills with gold - but we have thousands of places where it is possible to use Bitcoin as a payment method. Bitcoin is already better than gold, but most are not yet aware of that.

I personally will not forget bitcoin halving in 2020, because as we know in the previous halving event how it influences
its rise to the price of bitcoin is really surprising. So from that halving may 2020 will be the peak price of bitcoin too.
It's not that I underestimate the news about Starbucks adopting bitcoin, but the question is how much influence
to bitcoin prices. And I'm very sure halving will have more effect on raising the price of bitcoin than starbucks adopted
bitcoin. We'll see how it goes.

This will definitely give more confident to potential investment and that's the only way we will get benefited as it will pool in more investment but as far as using bitcoin as payment for Starbucks even I don't think people will prefer it because of volatility and it's not the quickest way of payment.

No one will forget Bitcoin halving because it is as special as the FIFA or the Olympics Games. It happens only every 4 years. And the anticipation is really high. People's imaginations are awakened because of the Bitcoin halving happening in 2020. They are salivating even if they are not even certain that it will cause a big pump.

It is one thing to read Starbucks now accepting Bitcoin and another to read customers start using Bitcoin to pay for their favorite Starbucks coffee. The one is good, the other is better.

Huh, I wasn't aware that starbucks had announced that so thanks for the heads up.  I'm not sure how much of an impact that's going to have on bitcoin's price, tho.  Every other time some big retailer has started accepting bitcoin it hasn't exactly led to a long lasting price increase.

The halving is pretty important in my opinion, and probably more important than the starbucks news.  Bakkt had an impact on the price, but it's hard to tell if it was good or bad because there was a major swing since they launched.  In their first week or so the price crashed like $2000 but has since recovered.  Anyway, bitcoin's price might already have adjusted for the halving and if it hasn't then I'm not sure if it's going to see a significant increase. 

I recall the last halving when bitcoin started to rise well before the actual event, and it could be the same this time.  It's hard to tell and I haven't read anything about it from economists or people who would know.

As long as there is a very positive change in bitcoin, everyone will be happy to hear the news and will continue to invest in bitcoin. the potential of bitcoin is still the best for crypto and will continue to grow on its own. for payments with bitcoin is a progress in itself, but there are still many who have not and feel that the method of payment with bitcoin is the best solution.

Also by the use of large company can increase the potential of other company to use it too if it will succeed. Starbucks customer has also encourage to invest from bitcoin on its curiosity and also to increase the popularity of bitcoin and that was the advantage of adoptation of Starbucks about bitcoin.

  :D So you really think there are people who are able to predict the price of Bitcoin several months in advance?  ???  :D 
Who are these people? They should be the wealthiest people of the world...  ::)

People are often excited about bitcoin being applied in practice as it is used for payment at Starbucks. The reality is that there are many websites and e-commerce platforms that accept payments in Bitcoin or other cryptocurrencies, but recent trends show that they are rarely trusted. As a result, some websites are starting to eliminate cryptocurrency payments.

Halving is half a year away. It can be a trigger of higher prices, but it's not going to be here anytime soon. So maybe focusing on something that's happening these days is a good idea. I got a question about Starbucks, though. I remember reading articles a while ago, that Starbucks accepts Bitcoin when you want to pay with it, but does not publicly admit it. So this is not the first step of this company towards Bitcoin, and moving to Bakkt will probably give more fame to Bakkt than price ups to the actual Bitcoin market. I think in this sense Bakkt is kind of like Libra (not affecting the market directly). So taking this into account, maybe halving is something to look forward to, even though it's months away.

Lol, historically bitcoin halvening proves to be the catalyst for an eventual bull run, just like we have witnessed in 2017, so how dare you say that we forget about it? Laughable.

I would agree that the news you mentioned might bring bitcoin price to the next level, however, those are just minor compare to block halvening in 2020. All eyes are set on it next May, but don't expect the price to go to the moon overnight, might take weeks or months before we can see the effect. Also remember the Bakkt support of Starbucks will happen mid 2020.


https://medium.com/bakkt-blog/unlocking-the-value-of-digital-assets-bdda43214720

Billy Bamborough could be a genuinely good writer, and he's riding his Forbes credentials pretty well on most days, but he probably ruins his good stories with this kind of drivel.

I couldn't agree more that Libra should never have been in the Bitcoin equation... but if you believe that, then you surely believe that Starbucks adoption can't have any impact either.

Besides, we all know that kind of adoption's got nothing to do with actual Bitcoin acceptance. It'll just mean another high-profile customer for BitPay (or some other 3rd party processor). So what?

Your title is misleading op. You mention 'Forget BTC halving' and describe it as the hot news which is why you seem to be confused here and its best if you edit the title asap to something BTC bullish catalysts etc.

The biggest bullish news in recent times is President Xi acknowledging the importance of the blockchain(Not BTC) which itself was a factor in helping BTC rise in value recently. Just imagine where it could go before and after the halving event. No crypto enthusiast will forget this op.

I believe that the main fundamental factor that makes Bitcoin value appreciate over time is the limited supply not just the halving coming because after all it is a deflationary currency and the supply is virtually shrinking each day.

Let us remember that during BAKKT'S launch it failed the hype we expected it to have and it didn't really gained much traction we are expecting it to have. So even if Starbucks' partnership with BAKKT becomes successful I don't even think that it can translate to any kind of price increase in Bitcoin's value. External factors like this to be more effective is it must translate into demand for the cryptocurrency not just hype, without the demand backing it up then there is no new money coming in the market all we will just have are our existing funds trying to push the prices among ourselves.

I think Bitcoin halving is a different story than some major adoption that can occur and besides, there is a sure pump that may happen regarding the events of the halving, But I think we need to consider all possibilities of a major pump, people can not forget the halving in 2020 because of what happened on the recent halving, but we need to embrace all major possibilities of adoption and changes Bitcoin may give us I think we need all help we can get.

Your assumptions are excessive. It is true that all this can happen, but the opposite also has the same opportunity, bitcoin can be worthless if you are too confident without preparing risk factors, you will be trapped in disappointment.
Well, halving bitcoin is one of the booster cryptocurrency fans have been waiting for to get a surprise, this can't be passed away even though there are other reasons that are expected to be boosters, for example, mass adoption that makes bitcoin closer to daily life. Whatever it is, we must take advantage of the opportunity, don't just stick to one thing, be flexible and be willing to accept any input, accept the good and ignore the bad. dwyor.

Well, crypto enthusiasts, people are waiting on this very promising event and I don't think they will forget the next halving that gives hopes to everyone. Even BAKKT has failed to become a bitcoin price increase I think this next halving was the answer to become bitcoin have a mass adoption or become legitimate from other countries and not to be banned. We are near that event that happens let us just wait for the result and let the time speak alone.

I guess the hype around Bakkt is no longer there that's why it didn't put a dent on the price of bitcoin. And now we go on the next catalyst here which is the block halving.

@Haunebu - I'm still not sold on President Xi statement that really trigger the latest growth we have. Maybe manipulators just ride on the news to look at if China is going make a U-turn again. And then the FOMO sets in. I think the most important boost here will be coming from block halving next year.

I'm leaning on bitcoin halving and that's okay if everyone is starting to talk about that since we're just a few months into it. The impact of it has been known to be positive base on the past halving that we've been through.

That's the reason why everyone eyes and hopes that it will bring significant demand for bitcoin. But you're right that we can't just deny that those factors that OP has mentioned which is a sign of an upcoming adoption.

There are so many good news to come and all of them can affect the price movement of bitcoin and halving is one of those good updates with bitcoin. We have to consider every updates as a new challenge to us because we can’t know if the price will go up or not, Starbucks is a big company it will be good if this will happen around the world.

what I know is that if it is halving day then I think there will be a process of increasing the level of difficulty of mining to get bitcoin because it will be increasingly difficult to get and produce bitcoin, while for the information from the images you describe I think it's just a coincidence that Starbuck has started implementing digital payments by using the bitcoin platform and I think we as traders have no harm in using this moment of price increase to grow my assets by selling it when there are good moments like that because surely the price will increase.

The real fact on the ground is that bitcoin would continue to fluctuate despite the many speculations. Beyond 2020 and the successful implementation of Libra as a cryptocurrency that is  attached to a popular brand as good as Facebook inc, bitcoin and all other cryptocurrencies would be affected by price volatility.

You're right and even if there is a Bitcoin halving, the fact that volatility still existed on it. The price will always change from time to time this is beyond from the rest of stablecoin, Bitcoin is somehow unique compared to other cryptocurrency. People will never forget that there is a Bitcoin halving once you are in the market you will know why.

I think all bitcoin holders will not forget halving day bitcoin in 2020. all crypto investors will be waiting for this. and for the news of accepting bitcoin as a coffee payment tool at Starbucks I think this is a good news for bitcoin. and this shows bitcoin is headed for mass adoption. lastly if we compare gold with bitcoin. of course it's better than gold. bitcoin has a value that is much higher than gold.

We need to consider that in every updates and every positive news it reflects with bitcoin value, fluctuations and volatilities still present and it
will continue to bounce. It's positive to any form when halving take place and it will bring the value to a good amount.
Halving makes things upwards whatever it takes it's still positive in anyhow. Take the situation positively and it will bring nice benefits.

You are giving good efforts to create a thread, I really appreciate that. But I don't think that anything can be better than a Bitcoin halving! If you look at past, you will know that after every Bitcoin halving, Bitcoin price hit a new all time high! Even 2017 the golden year was because of Bitcoin halving! Starbucks implement is a very good news for sure, but don't ever forget the next Bitcoin halving date!

When you have a good platform for the daily purpose then you can count it as an essential part of your life, So the adoption of Bitcoin should be more accessible and available to the mass people, not only that but also Bitcoin should be used for the payment system in various shopping purpose, but the main thing is that Bitcoin price should be stable so that people don't need it to hold for the future purpose, people only like bitcoin if they will get many opportunities to use Bitcoin for their daily life, then Bitcoin helving doesn't bring an especial impact on this platform, I know Bitcoin has a real power to bring improvement to any community within a short time. but it needs some treatment.

i didnt know that facts but thanks for the info   . i didnt know that halving is too good as it can up the price but i dont think that halving do that alone . people that buys btc do also contribute alot  and they buy more btc in advance just before the halving begins because they think the can earn more .  starbucks accepting btc is also a good news but why the price drop ? it should increase right  ?  same as those other events that happen recently  .

Yes, he is and we are learning something from here that is benefiting everyone of us!

Apart from what the OP mentioned, that Bitcoin Halving is one of the most awaited moment too, it is true not Starbucks is a good journey for everyone too, as the real value of Bitcoin will be appreciated and can widely used in every nation, Starbucks will for sure have a great impact, this is the starting for every commerce/business to accept it as one of mode of payment.

I doubt that this halving will have a large effect on the price unfortunately. Inflation is currently already small enough that it doesn't have such a big impact on price IMO. So making the inflation even smaller will not have that big of an effect. With every halving the next one becomes less and less impactful.
I would love to be wrong though  ;D

Bitcoin and the whole cryptocurrency scene are already being posted and ads containing info and coins are already spread in facebook way before Libra is made and published. So I don't think that the Launch and successful implementation of Libra will really affect bitcoin despite how big the company behind it because facebook is already promoting crypto/bitcoin a long time ago.

In my opinion without an halving, the price would be more stable and this would help adoption, i don't want to speculate on what will happen to the price, but personally I think any large price movement in either direction is bad for the long term stability of bitcoin as a currency, so halving seem to me like a bad thing here. also, all I see it causing is, for mining to become even more concentrated in China where electricity is dirty and cheap.

However on the other hand, the halving as a positive effect point breaks through walls, just like the price has been doing now, destroying the price stasis of the last few years, drawing attention worldwide, becoming a time of celebration and etc. If the price of bitcoin does not increase dramatically long-term, then bitcoin is well and truly dead. $250 billion market cap is literally nothing in currency terms.

Starbucks accepting bitcoin will not bring much price changes like the bitcoin halving so we no need to compare this now.This might be a good news for the crypto enthusiast who is looking forward for the bitcoin to be adopted as crypto currency everywhere so this is just the beginning but still regulations from the government will be a barrier on some countries so buy a coffee in starbucks if you got a chance or just enjoy holding.

That's really inspiring.It seems to me that I do not care how much bitcoin costs and will cost, the most important thing is that with its help the whole world will finally become one!

The news regarding Starbucks is quite huge and its possible impact could be significant to the market. It's one of the most popular premium coffee bars and has a great market of variety of people from the upper to middle class. And having poster on the counter that Bitcoin is accepted would be a lot of publicity to cryptocurrency, in a large number of countries. However, this will still be far from today since it will surely undergo tests and experimental launch before full implementation.

I still go for Bitcoin halving although what you've posted can help the price to surge, we have a history to preserve here and that is price increase every time there's a Bitcoin halving, every good news that's coming can be considered part of the push that will take Bitcoin price to another all-time high, I hope many more good news like this coming, before we the actual day of Bitcoin halving, only those unbeliever will put their money out of the market at the current situation.

When my Wife before used ot talk to her family about Bitcoin they used to look at her like she were an alien from outer space. Now though she is getting phone calls from her Nieces that they want her to teach them everything about Bitcoin and they want to get cracking in this niche market and start collecting Bitcoin and learning how they can store it and how to open wallets. Mass adoption is coming and I also believe the halving event will not be the major event only to give Bitcoin a boost in the eyar 2020 or beyond.

Bitcoin halving is definitely going to have a positive impact on the value of Bitcoins because of one thing and that is scarcity. It's been proven everywhere that when something becomes limited and very hard to get,  it's value rises exponentially and that's what going to happen to bitcoin when the halving comes around 2020. I would start saving my coins just for the upcoming halving.

There is no point in exaggerating this event. It's not going to change anything because nobody is interested in spending their coins.... this is nothing more than an effective way to generate cheap and easy exposure.

I have yet to see an instance of merchant adoption translating into price appreciation.... even more precise, merchant adoption actually hurts the price as coins are being sold to accumulate fiat to pay merchants.

The far majority of the merchants accepting Bitcoin through a payment processor don't care about Bitcoin at all, they just look to generate additional revenue in fiat, which I can't blame them for.

They have their reasons for leaving, we should respect that.
Some of them might be in need and that means they will need the money.
There could also be bad reasons and one of them is because of being a scared cat. You can see different kind of speculations now and one of them is manipulation.
They say the market could go down (which is possible) because of the whales selling to put the price down buying again before the pump in halving.



Doesn't matter of it pro bitcoin or not. As long as you have your own kind of faith with it  then, what they say will not matter too.
By the way, thank you for that and the support.
Merits.

Care to elaborate?  How can a cryptocurrency that is manipulated by a few group of whales can be a solution to poor economy?

---

It can bring a hype yes but I don't think that it will be that much that it can push the price of BTC to its new ATH.  There are more bigger news than this in the earlier years of Bitcoin.  And even though Bitcoin accepted by Starbucks, I highly doubt about its implementation.

If you take a look at all the financial market can you point to a stable market and if it is a stable market who will be investing in it and what benefit do you get from a stable market and the other part about Libra, you need to wait and see whether Libra will be released or not as the regulatory pressure is increasing and it is highly unlikely they will release it peacefully.

Since star bucks is accepting and selling bitcoin now everyone will be sleeping and drinking coffee in star bucks  :D :P. On a serious note it is a step towards major adoption in the market.

That is a good analogy, star bucks company is very well known and a high class coffee shop and it brings become more exposure to Bitcoin and creates mass adoptions. But how could we forget a very promising event that leads us to buy more coffee in star bucks? The next halving is expected that bitcoin surge in the market and probably there are crypto enthusiasts cut their profit and maybe will remain holding their Bitcoin. We are near now to the next halving event.

For long time people are waiting for the investment of Facebook and after few months we got the information like most of the tokens will be goes to the private investment and the team of Facebook only so such kind of things should not be happen with Starbucks investment as well.
I'm not sure why you guys are comparing halving effect and this companies investment together and confusing yourself both are different and Bitcoin halving will make market more stronger.

What I can perceive from this is not the case that the payment for coffee is bitcoin but the influence that the entire Starbucks franchise will impact to the community and the people. This impact might serve as the trigger for cryptocurrency mass adoption especially in paying bitcoin in small scale transactions such as buying coffee.

While, forgetting bitcoin halving just because of a huge market adoption that Starbucks might induce cannot be possible, as we cannot measure the effect of both Starbucks adoption and halving since they are independent to each other.

More than six month later we are ready for bitcoin halving, now you have take moment with investing in bitcoin before miss chance investing bitcoin in lower price, after halving moment bitcoin price will grow up and you miss your opportunity get bitcoin with lower price, why not start now with invest in bitcoin and hold six month later for selling after halving moment time.

We know every halving induced a massive price explosion of 50x-100x on the spot. so we could expect bitcoin’s price to rise following the halving. that would mean that we would want to buy before the halving. But everyone would want to buy before the halving, preferably before other people buy before the halving.

So if we expected the price to go up following the halving, it would actually go up before it. And, of course, all those people would want to sell after the halving, causing the price to actually go down after the halving. thereby, I think the next Bitcoin halving in 2020 already priced in. but only around %30-%40 of it's effect. That’s why we saw a %300-%400 jump in this year before the halving.

Whether the third halving day of Bitcoin in 2020 may next will repeat the history of rising Bitcoin prices increasingly higher..??

Even crypto 2020 is already legal in the country of China because the Chinese government has announced it. Hopefully year 2020 Bitcoin price will soar high.

https://finance.yahoo.com/news/china-congress-passes-cryptography-law-142433796.html

yes I agree with you OP with a lot of positive news about bitcoin now. what we have to do is not get our money out of the market and continue to survive in this market. and if we have money we should add our bitcoin. so that later when bitcoin to the moon we get a big profit.
although maybe later the price of bitcoin will go down before halving we don't need to be afraid and worried. it is whale's market manipulation so they can buy bitcoin cheaper and make big profits after bitcoin splits in 2020.

Adoption of Bitcoin by Starbucks (if the news is true), will definitely have a big impact on the exchange rates of Bitcoin. But still I believe that the block reward halving will be having an even bigger impact on the rates. If the Starbucks rumor had a big impact, then we should be seeing Bitcoin rallying in the exchanges now, but that was not the case when the last time I checked the charts. To clarify a bit, nothing is confirmed about Starbucks. Bakkt has made an announcement that they intend to integrate Bitcoin payments in Starbucks, which may or may not be realized in the near future.

People seem to be obsessed with the idea of using bitcoin to buy coffee. I personally doubt many people will use this app because it's more convenient to use cash to make small purchases like this.

I wish bitcoin start-ups concentrated on use cases where it's hard to use fiat but easier to use cryptocurrency. Such as gambling, remittances and so on.

I agree with you that it is not only the halving, in fact I can believe that is already priced in.


Well realistically it cannot achieve 1 billion dollars in the next few years. Who knows within 100 years maybe is possible!


I don't think it will solve poverty but surely it will help the poor, yes.


That will take more than bitcoin.

Really. A lot of people are waiting for the approval of the authorities for the use of bitcoin and think that if there is no approval, then the cryptocurrency also has no future. In fact, no one and nothing can affect bitcoin and its extraction. Its price can be completely different (including very high) and in a short time bitcoin will be considered truly digital gold.

It's giving thrill to our everyday life, what else if more establishment will start embracing the same system and you can use bitcoin to anything around. The BAKKT project will bring more interesting success to bitcoin, aside from being store assets type for investment if apps shows up accepting your daily needs can be purchase using your crypto it will also attract more people to patronize the system. Expect to have more good news incoming months or years to this industry.

Of course, Bitcoin has no limitation on doing much bigger things compared to now. But some news can really be effective on the price. Bitcoin halving is one of the events that is an example of it I think.

The news of Bitcoin halving does not have any long term issues with adoption or the price. The Bitcoin halving just means that from now on the block rewards are going to be in lesser amounts which means the process of obtaining Bitcoin via mining will take a lot longer. That does not effect most people who are using Bitcoin unless they are mining themselves unless you count this as a positive because less and less Bitcoin is being made available every passing day which probably means trade volume will reduce and Bitcoin will become more desired.

As years progresses and so as with adoption then theres no doubt we would really be heading up to that scenario.We might not see a full adoption but at least we are seeing merchants that do consider out on accepting this new way payment system.Adoption is on the move,it might not able to meet up our expectations when it comes to full consideration but at least we are seeing some progress on here.

Actually it does have a big impact on the price and directly, because if you think about it if people are using the same hardware to mine half of the the amount of the bitcoin that we are getting today that means that the supply is going to drop significantly, and less supply and the same demand leads to increase of price, and as we saw an increase of price leads to more people and that keeps the ball rolling until something happens to ruin the party, but i am confidant that this year we will see bitcoin get some attention and some major adoptions for many companies if all things goes well.

Yeah, but it does not affect then only mining pool ASIC hashing BLOCKIE reward, now its 12,5 BTC

It seems to me too that nothing can stop Bitcoin to reach way better levels and be much more helpful in various fields. Eventually, the governments won't be able to avoid digital currencies.

Whatever we say, Bitcoin halving will be very important for the price to go up dramatically. I think Bitcoin needs an impulsion to start a new bull-run. Things will be more clear after the halving.

First of all if the news is true that Starbucks integrating with Bakkt bitcoin wallet to make a direct bitcoin payment ... then everyone would be rejoice with this mass adoption come so early unexpectedly.

Not to mention a bitcoin halving that could happened in the next 6 months... we are in a clear bullish, the mass adoption rumours would trigger FOMO from now on till the chosen date bakkt launched their own consumer app for the Starbucks bitcoin payment.

You can't say there's nothing to do with bitcoin price when it comes to bitcoin halving... it always do have huge impact!

How can you be sure that halving will cause the price of BTC to rise sharply? The fact that this has happened in the past does not give us confidence that it will also happen this time.

I think this is very likely, but in my opinion, adoption in mainstream companies like Starbucks (or hopefully in the future in McDonalds, KFC, Burger King) will have a larger impact on the BTC price increase.

Either way, thinking or not, it would benefit the entire bitcoin community. It will boost its popularity, people from all over the world will be in shock of the price sky rockets again. One of the reasons that most of the people stays in bitcoin and having faith on it is the halving as it shows good promises in the future the way it did back then. All I am saying is we must consider this and be ready for what comes next when this time comes around.

Bitcoin Halving is a big event and cannot be ignored. It will be very interested to see the bitcoin price movements before and after the halving. Also we need to compare how the bitcoin price behaved in the last halving and for sure it will follow the same pattern this time also.

What happened in the past will continue to happen in the future.  I and everyone have the same belief that bitcoin will soon reach a higher target.  This is all just a prediction, but when many people have the same belief, they will buy them and the truth will happen.

I agree with you on the final price action to make sure that bitcoin will happen as expected but with a currency that is as manipulative as bitcoin, I am confident that there will be no model certainty.  Price because Bitcoin always goes its own way.  There are many times when technical analysis cannot be used for evaluation.

Technical analysis once again failed as no one was expecting bitcoin to fall below 7000$ when fundamentally bitcoin looked so strong because of halving. Once again it is proved that bitcoin price movements are mainly because of manipulation and less dependent upon TA or FA.

TA did not work on the cryptocurrency market, because it does not have enough market cap to defend itself against whales manipulation. However, halving is completely different and means that everyone who mine BTC will sell it less to cover costs. Theoretically, the price should double, as they will earn half, so they will sell half.

There's a lot of events will happen in the future that can help bitcoin's price increase, such the OP said about the halving that it will happen in 2020 as well as the implementation of the largest coffeshop which will accept bitcoin, it will be so good because we'll see a daily use of bitcoin and it's gonna help bitcoin to get more value and it's gonna be spread to a lot of people. I'm sure that bitcoin's price will increase a lot starting by 2020 and probably at the ending of it, bitcoin will reach the 20k$ or maybe more.

You can't think of removing specific bitcoin events such as the halving just because price rise is not 100% direct to it :)
It's a thing that diverse situations potential his value, rather that you can use halving to wait for a more bigger price boost.

The points you have mentioned along with halving is what makes Bitcoin such an active and productive valuable coin.

Halving is just a plus add on to the table from all bitcoin existing ingredients that boost his current state.