Bitcoin Forum

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020 where the amount of bitcoins that are mined into existence are cut in half because as you know there will only ever be 21 million Bitcoin ever. Read more

https://blog.coinbaazar.com/bitcoin-halving-2020/

The halving was already done a few days ago and the article was published on May 7, 2020, so you have posted and shared this article late already. We also have plenty of halving topics in here.

Bitcoin halving 2020 is almost here, are you ready? (https://bitcointalk.org/index.php?topic=5241543.0)

Bitcoin Halving 2020 (https://bitcointalk.org/index.php?topic=5247601.0)

₿ Bitcoin Halving Attracts World Attention (https://bitcointalk.org/index.php?topic=5247344.0)

Happy Halving! (https://bitcointalk.org/index.php?topic=5247700.0)

OP, @berjemur has displayed a lot about this phenomenon Bitcoin halving.

So, are there any new things about the development of Bitcoin after this phenomenon has happened, give it here hopefully we can see something interesting about this Bitcoin 2020.
Maybe on google it plows times yes.

OP, I want to ask you a little question.
- As you know halving passed a few days ago, so what happens in the future after this happens ... is there any idea that you can be accounted for.

I think that to sustain the mining rigs price will go up because almost 30% decline in btc mining companies shows that if price doesnt go up , it will be difficult for the miners to sustain , and it can impact in high transaction fees.

It's the late-est.  :D

Blog dated May 7, 2020 so its kind of not in the right track anymore.
Halving is done.
The effects might not be seen yet, if that is what you are pointing out.
A hype like the last one never happened. I know why and maybe you do too. Clue: Pandemic.

I've been thinking of halving for a while, but this week I somehow completely forgot about it and missed it! Perhaps largely because it wasn't widely discussed. Nothing changed in terms of the price, just like Antonopoulos predicted. The price was quite high a couple of days before halving, then it went down and then recovered to $9k+ within a week. This could happen at any time, with or without halving. What I like about this article is that it at lest partially implements the unconventional interpretation of the previous halving events as those that did not pump the price. Many believe that it was the turning point back then, but there is a lack of evidence for that. And now, if the price goes way up by the end of 2020 or in 2021, I am sure there'll be people attributing this to halving...

It's funny how fundamentals do not have the immediate effect.  It's well understood.  Bitcoin is not like gasoline.  Most money that is used to buy don't really have owners that *need* bitcoin.

What could this be?
Me? I am not sure what is going to happen.
I stay with the present. I want to see more events that will make difference to the world. Financially or in technology.

There are so much flaws in different payment system like Paypal, etc.
I still prefer bitcoin if only the fees were a little cheaper. So I just keep it for now.
But, I still have hopes that soon it won't be like that anymore.
Low or high amount transactions should be the same in fees.

Exactly , this article actually points out the the price going up and down is a gradual process , as it not been that effective or to be precisely said , nothing to do with halving until a point of acceptance of bitcoin increase among the community.

The biggest fundamental effect will be just this simple 'supply + demand'. Given the extraordinary technology of blockchain, the halving event has in essence provided a window for the crypto industry to create another 'opportunity bubble'. Following the halving, I think there's only one course crypto can take and that's further expansion and improvement which in simple terms would lead to a new sky jump for BTC and the rest of cryptocurrencies - though this is still to be observed!

Yes , thats true , i believe the more the acceptance among people , the more sooner the effect of halving will be seen.

You have it exactly backwards. If the price goes up (doubles), then the miners are sustained. If it doesn't go up, then some miners will have to shut down some or all of their equipment.

Transaction fees are not determined by the amount of mining (in the short term) because the amount of space in the block chain is held roughly constant by adjusting the difficulty every 2016 blocks. The block chain throughput is temporarily lower now because of the halving and that may be affecting fees, but that will change in a couple days when the difficulty is adjusted.

I have seen so many topics about bitcoin halving even though it is already done, there are still upcoming threads about it for sure because they tend to share some of their insights about the event, as we all know we are always waiting for this time to happen, some people tent to wait for it than the Christmas event lol, are you like that person who are waiting for the bitcoin halving than other events?  ;D
Well said buddy, having look with the article that the OP has given, it is too late for him to post it because so many says have pass and there are already many threads about it.

People have nearly forgotten their lessons and loses from the past. If they care about past lessons, they should know that price can increase in the pre-halving or post-halving period. Which factor decides when it happens? The market situation before the halving and the whales' price manipulation. We all witnessed terrible re-test and weak-down in March as well-known terrible announcement on official pandemic from WHO. So bitcoin increased more than two fold from that bottom. Is it enough for you guys? Why do you expect for doubling price from $10k? Why are you so very greedy like that? I don't understand.

People must always remember the past and take their lessons from the history they had. In my own idea based in history of the last halving, I would say bitcoin will start the downtrend until nearly end of this year but on 2021 the year will be the highest price of bitcoin everyone even saw. So, by starting the halving miners need to get some more profitable miners and some useless miners will leave the market. by doing so, se will see less bitcoin sellers in future and in the end the higher price.

people rather than being greedy , wants only to see bitcoin price rise with every event , but we always forget that bitcoin price has less to do with such events , but more to do with people acceptance. Slowly and gradually bitcoin has shown sustainability, and this blog point out such trends which happened in the past.

lets just not say useless miners , because every miner counts when it comes to mining and providing support to bitcoin community, even the obsolete ones like s9

Four days after halving still not give biggest effect how to make bitcoin and altcoin could growing to higher price, I think halving is not moment could make bitcoin must top price or not, we have waiting other moment when bitcoin really going to the top price and keep profitable.

yes , the effect of halving will be seen in coming future , i am expecting by year end .

i believe that bitcoin price is less effective with events like halving , rather than people getting it accepted and various policies adopted by govt for bitcoins

The halving had little to no effect on the markets except a gradual appreciation beforehand

Now that's out of the way it's looking forward to maintaining a healthy price point to keep the miners happy and the ecosystem sustainable

If it should crash again, it'll be rather unfortunate short to medium term, but fundamentals are moderate to strong from the retail sector and institutions have one less technology related event to worry about volatility wise, so we may see some renewed interest and at least the value staying afloat in the current range for the next few weeks

^ Halving is done and I definitely agree with @liutiaoming1 that the effect hasn't occurred yet and probably by the end of the year or early next year and we are still in the midst of pandemic so the real effect might occur late. There are already lots of articles in this forum about the effect but it is still speculation and that is only because they are sensible that for every movement in the price of bitcoins they immediately think that is already a halving effect. Nevertheless, you probably want to check other articles in this forum for more post halving topics and issues.

Lets see the halving or the pandamic , who has a wider impact on price

When is the next halving? What effects should we expect from this? That's what I'm interested in.

the effects that come at the next halving will only be temporary and purely hype based. just like the previous couple of halvings that we had.
the real effects of halving is what you are seeing NOW. the reduced production speed is not going to affect the price right away because the mined coins aren't finding their way to the market right away. but after a while (like a year) we start seeing how 50% less new coins being created feels like on the price.

Exactly, the effects of halving is not immediately felt, so obviously it happen last May and almost 6 months after we are setting all time high one after another. Previously, it has the same effects as well, take months as well. Although this year it was very different, the circumstances as not the same as compare to the last halving.

So we don't know what conditions the market will be in 2024 halving, the effects might be slower.

According to history, the halving always makes a big effect or impact on the increase in the price of Bitcoin,
the first halving makes the Bitcoin price above $ 100, the second halving makes bitcoin above $ 1000,
and the third halving makes bitcoin above $ 10000 and even above $ 20000,
of course this increase will continues until the saturation point has arrived.

In fact, like other assets, Bitcoin operates on a simple supply and demand logic apart from all other speculation. Its fundamentals are so strong that the lack of supply is the main driver of the price rise.

In financial game, you can not find a simple rule. With bitcoin and crypto market, you can not conclude their values on market are decided by supply and demand rule and by intrinsic values.

Crypto market is the one that is run by news and is built by belief of investors. If they believe in something good for future, they accept high price. It is the rule of market, the sellers sell it because  they think price topped up. The buyers buy it as they think prices can move up more.

The advantage of the market also exposes the disadvantages, As you mentioned the market is run by trust and you cannot expect everyone to follow the rule and we have seen many scammers in the market. When it comes to bitcoin we all know the affects of halving as we have witnessed the event twice and how well the market responded and now we have big players in the market as well and so is the reason the price is rallying hard.

Crypto is true what you say is inseparable from the news that quickly spreads especially through social media which is now mushrooming, clearly affecting crypto. no less important, of course, investors who help the marketcap movement can move with enthusiasm.
The economic system clearly has an effect on crypto, if the price goes up immediately to sell and when the price goes down don't hesitate to buy and make an investment.


fraud is always there and not only in movements in the market, it seems like all lines have been entered, because they know that the profits they get are very attractive and we have to tolerate it because this is the time and we just need to sort it out.

Halving plays a very important role in bitcoin because during the first and second events the impact can be seen and it increases sharply. now the third halving has been seen from last year bitcoin has reached ATH and people have confidence that this year there will be renewable ATH again, not for bitcoin but all including altcoins that have started to move up .

I think greatest crucial impact will be fair this straightforward law of demand and supply. Given the uncommon innovation of blockchain, the splitting occasion has in pith given a window for the crypto industry to form another opportunity called selection. Taking after the dividing, I think there's as it were one course crypto can take and that's advance development and enhancement which in basic terms would lead to a unused sky hop for BTC and the rest of cryptocurrencies.

The price of bitcoin has rallied like we never saw before and the percentage of growth is astounding as it is already trying to break the $50k valuation.
The price of altcoin started rallying as well and some of the coins which i thought were fun ones even showed how much they can rally during a bull run without any fundamental changes especially in doge.

As the price of bitcoin reaches the highest levels, the altcoins tend to revalue, coupled with it if they show some progress in their mission they also improve in the market capitalization.
As OP says the halving of 2020 produced effects. An awakening has occurred and traditional markets have probably realized that they shouldn't wait to join bitcoin.

The global economy is printing so institutions seek the protection of their capital in bitcoin.

The 2020 halving has clearly seen an effect this year, we know that every first and second halving occurs a year later the effect is felt. The first halving happened at ATH November, the second halving happened at ATH in December, whether the third halving happened in the month or not, no one can confirm yet.
But the @elonmusk effect last year made ATH happen faster, but this is just an assumption, but we are waiting for which can be ascertained that the third halving effect will occur this year.

Hope also that the bitcoin halving will affect the altcoins that were not visible last year and are now visible from ATH on ethereum and hopefully in other altcoins and we are waiting for that, because this affects the much awaited bounty.