Bitcoin Forum

On 11th May 2020, The Bitcoin network experienced the third halving event. It was an highly anticipated and highly speculated event in the weeks and months leading to the event. A month ago, The halving event saw the mining rewards per mined block go from 12.5 BTC to about 6.25. BTC.

The halving event was the major event that everyone had look forward to  – "The big event of 2020. Now it's done, Are there any other" major" Bitcoin events we should be looking out for between now and the end of the year?

The next major event on the Bitcoin blockchain is probably going to be the soft fork for activating Schnorr signatures and Taproot. Since there's no official deployment date set yet I doubt this will happen before 2021 though.

Possibly there are changes due to this last bitcoin halve and the system has been quite different from the last halven. Though the who idea of.loving this bitcoin halve is the pump which in the previous happened and.many tagged bitcoin as a ponzi scheme. Let be patient with Bitcoin and in due time everything will normalize. Although according to some sources, the price of Bitcoin will surge high and we might head to another all time high.

Nothing has changed up to this time. One month, two, 3 months, or even in the 6 months after halving still uncertain of what will happen next. The market may seem to change anytime for many reasons. That is why I don't have to expect the market to turn into a bullish one month after halving coz of we recall the previous halving impact to the market it happens almost a year after the said event. Well, I have to find out next year but considering the volatility of the market, it assurance won't that be the same.

The halving helped the price of Bitcoin to go up because of the hype of it.

Now the event is over, I'm quite happy for a bit that it sustained its price after halving. Now we are in a sideways direction but I don't expect this to be like this in around 2-3 months. I believe that there will be a big movement towards the price of Bitcoin either downside or the upside. I don't know what's next for BTC aside from the fact that it will go higher than its price right now.

Though this is not actually an event or something of a guaranteed happening, I'm looking forward kn how the market behave in the -ber months. For me that's the most exciting part of the year in the crypto world because that's the time I expect btc slowly pumps until reaching an ATH (but  I guess not gonna happen this year either) like what happened last 2017. Since the crisis are still present making the market suffer and hindered to bloom, let's hope we can at least taste a higher price before the Christmas come :).

actually price didn't go up at all this time.
it was mainly because it coincided with a global economic crash due to the spread of Corona-virus. if you look at the price history, it was already above $10k and was getting ready to launch towards $15k and above with the halving hype. but as every other major market (stock, gold, oil,...) crashed bitcoin also dropped and that pulled it below $10k which it still hasn't recovered from completely.

It is the most celebrated and awaited event in Bitcoin community and this year there is lower rewards compared to last 2016 halving this is maybe the reason why miners did not make more actions this year and same why the price of bitcoin not blowing up till now after 1 month of halving.
I have not read any good comings so far and what we are all expecting is that this halving will give us more and precise effect for out invesments.


For what reason that it is not worth?distant forecasts lure investors to check it out and decide if its good or bad news.

I read a bit about Schnorr signatures and Taproot. I don't completely understand all the technical details but I know these improvements increases the network capacity, transaction privacy, and also bitcoin fungibility. Which also means lower fees and faster confirmation once they're implemented.

Although there's no timetable yet, it's something to look forward to this 2020 or next year.

Not that it matters but I'm a bit surprised that these BIPs doesn't have the same attention/noise segwit and lightning network received in the past.

I guess the reason why it has no attention and hype is because


When it comes to privacy of transaction, providing fungibility, coinjoin - mixing technologies, it is wiser to avoid additional attention, especially from government who perceive privacy as an opportunity to conduct crimes, to ease money laundering and so on. Scaling of the network is the part that doesn't matter for them. Bitcoin is still at an early stage of development, any steps towards complete anonymity are hard to make. For now, a slow and silent development and improving is the only way to achieve goals in terms of providing of financial freedom.

Halving hype is over now its just the same thing that happened. A disappointing nosedive of prices and governments are once again trying to drag the price down by threatening to ban cryptocurrency. Nothing seems to happen since but just a slight pump of the price which is more like a prolonged bulltrap. The money given by the government as financial assistance now robbed by bears.  ;D

There is nothing coming up that has the same sort of price-hype as halving did.

As for halving, there was obviously huge anticipation, which was priced in beforehand - but CV19 has overshadowed everything over the last few months, and I would think it has also dampened any upwards bitcoin price movement. Difficult to see what will happen next, as even though lockdowns are ending around the world, the economic impact is only just beginning. Bitcoin is still seen by most as a highly speculative asset. This may mean that people stay away as the economy struggles, thus keeping the price low by reducing demand. But at the same time, this crisis is throwing the inadequacies of fiat into sharp focus, which may make bitcoin more desirable.

But the pandemic is still out there.
I don't think there will be events that will happen 4 years from now.

There will be conferences but I don't think those are the events you are looking for.
Perhaps encouraging more people to use it will be the best event we could do.

The aftermath of halving we would probably see much more later, not immediately as expected by many btc supporters, after all this halving is different from the previous mainly because of all the unexpected crisis the world has experience and still experiencing, who knows what will come later will be another historic moment in the world of crypto.

Then the next years of halving.  :D
Aside from that, most speculations are looking forward the years of 2021-2022. This is the assumed years when the bull run shall be seen again. I'm counting on it and probably will get a lot out of my holdings if that time comes. This halving also made many of us think that the price shall come down but it didn't go low that much.

Wasn't there also talk of a soft fork for drivechains (http://www.drivechain.info/)?
At least BIP numbers were assigned like a year ago - But no idea if the core devs even plan to implement this.

It has been a continuous event that everyone is looking for just because of the previous halvings that happened. The increase in price that showed every after halving. It's an event that makes people hopeful for the future. It's not bad but it's worse to expect something that's still not sure. Well, it is the risk that you are going to take, better be ready.

Get ready for a few years again for the next halving. :o

What's next?

Maybe we will wait and see if the experts prediction are correct, some expert said that 2021 is going to be a good year and bitcoin will reached a new milestone of success which is breaking its ATH. Currently, it seems like the market is just normal, nothing special has been happening yet, it's still the old bitcoin that is volatile that we are seeing now, it just moving sideways.

Because it's more technical for most people are as compare to LN, easy to understand, and catchy.

Halving has done it's part and mostly it brings positive news, many of the so called "experts" says that it will bring the price to all time high, but it may take sometime though, so we will see. And then we have proponents of the "4 year cycle", for them halving is the catalyst for the eventual bull run.

Honestly, I was not expecting too much with current halving due to the factor that the current halving that recently happened is different with the recent halving, currently, the global economy has been hit hard with the pandemic and this surely had an effect with the market demand one way or another. However, it is too early to speculate since the halving just occurred recently and not to remove the fact that the market is full of surprises. Let's just be patient and see what will happen this year or if the parabolic cycle will occur.

We already see the correction happened today because bitcoin price drops to $9,100 level, and it may still go down more. But we hope that the price will not down below $9k in a few days later because that can lead people to panic and sell their bitcoin instantly. If that happens, we cannot do anything, but we will have a golden time to buy bitcoin at a very low price because who knows after the price hit the lowest price, it will bounce up and start the rally to the higher price. And who knows, we will see the price will have the opportunity to break the barrier at $10k, so the price can continue the rally to the highest price.

Bitcoin has already been expected to sky rocket in 2021 base on the past 2 halving price trend.
These experts who claims to have a high percentage predictions are just helping the Bitcoin price to boost as much as possible. Nevertheless, their predictions are just the same as the average Joe's predictions.
As of the moment, Bitcoin is obviously struggling to break the resistance level, and doesn't seem capable of creating a bullish movements.

Some people stopped mining and the price stayed the same.  That is what happened next.

Mining had gone profiting long time ago,thats why Miners are only fewer now compared from 4 years ago.

My friend use to mine but he sell all His miner last year for the same reason and that is no income at all.
Don't stop just there mate,because we have long days to go before the year end,remember in 2016 halving the total effect felt after a year and not that same year of halving.

What we have to do after bitcoin halving happens is by holding the bitcoin that we have until the price can return to an all time high price.
And that is likely to happen in 2021, we do have to be patient. To my knowledge there no a big event that will happen this year, after bitcoin
halving ends. Hopefully according to my prediction, bitcoin can reach the ATH price in 2021.

If you think that the economic situation during the last two halving is the same then your point would be valid, but that is not the case now. Most of the countries are struggling economically and with the pandemic you need to rethink the situation.

Predictions are like tossing a coin or rolling a dice and there is nothing worthy to take note. Some come up with crazy claims which is absurd to begin with and these are done to make some headlines and most of the cryptocurrency based news site will publish those to get some clicks.

I'm not be surprised if this is going to fail our expectation again. How many times did we expect for the bitcoin to skyrocket every year? just like the year end of 2019, we all agree that 2020 will be prosperous for the cryptocurrency yet we are all here stuck in our home hoping for the price to skyrocket lol. Expect the unexpected in bitcoin, I noticed how it moves unpredictably from the moment it went on ATH speculations are everywhere so might as well just hold your bitcoins, coz any time it will go to moon.

I believe in the halving, I think it needs more time since we are having problems in the outside world.

Halving as such is a specific situation that has an immediate effect on the Bitcoin network in the payment of mining rewards. But in the collateral effect that occurs both in its price and in that perception of the bullrun that everyone sees, it is not so immediate.

Previous Halving's have shown that such a change occurs but is not immediate, but has at least met the growth in price over that 4-year span.

So it really is not what follows for bitcoin, it is what follows for us as users who have bitcoin, as believers in bitcoin and its message, consequently it is good to always analyze scenarios, not only in the growth of the price of bitcoin but in its adoption, it is necessary to understand that bitcoin price and adoption are together but not mixed, you have thought what happens if bitcoin in 4 years does not jump the $ 10,000 barrier (eg) or what happens if bitcoin rises so much in price , that less and less people could buy it, there are already enough bitcoin in very few hands, so although we want a price increase, how much can this benefit the bitcoin-user ecosystem.

The point is that there are many things to discuss to take on and face in the coming 4 years.

"Currently" yes, but I was talking about the 2021. Surely the vaccine will be developed on 2021, like majority of the health experts were telling "vaccines is created in a minimum of 1 year span".
Bitcoin in the current situation isn't doing bad like the traditional market and stocks. It's just that the current pandemic seems holding Bitcoin to break loose of the resistance level. Now, If you come to think of the situation that will going to happen in 2021. Most probably, when the vaccines will be available in public, mass vaccinations will take place, economic recovery will be prioritize, and normal lives are back to normal.
I would likely not to rethink, but Im thinking forward upon the light at the end of this tunnel. This pandemic will end in 2021, If not totally eradicated, then there must be a remedy.
Economy will recover, so does Bitcoin will rise. Economic recession has no direct correlation with cryptocurrency, that's why Bitcoin wasn't entirely affected by the current economic and health crisis.

The third Bitcoin halving is done, it is expected to go up this year or the following year but I believe it the effect will be delayed throughout the year and since we are experiencing a crisis, Yes, there is no connection to blockchain but it has an effect to the community that is using the blockchain technology it could affect our financial status, etc. Looking back at the past halving events the effect is not right away also and it takes time.

Blockchain helps to improve the crypto market If Bitcoin had anything to do with blockchain Bitcoin would have risen much higher in line with current technology But Bitcoin is not controlled by anyone and depends on the market moving at its specified speed. But I think bitcoin halving is going to be a lot better Prices continue to rise after halving Therefore, no matter how many obstacles and crises come Bitcoin will not be affected It's a good time to increase the price of Bitcoin.

Just to give my clear insights about what's next after the halving, miners might exit their business, others will find a way to look for possible new hardware that is more efficient than their current mining rigs, they might sell their previous rigs for others to use in mining altcoins.

In terms of bitcoin price increase, miners in the long term will not allow their bitcoins to be sold at the current price as they also need to pay for their electricity bill, this will push the market price of bitcoin to increase in the long term.

For the current bitcoin users, nothing will change that much, we can still utilize bitcoin as it is, but for me, there's a better opportunity for hodlers. These are all my speculations it's still up to you how you perceive news and articles you read.

I think everything is in order with the halving. The only nag there is the pandemic that is struggling to drag price down. And I am cocksure that if not for the halving Bitcoin would've crashed gravely below what the current price is. However, we should also remember that halving effects lasts from the period it begins till over a year after. So, we have now till 2021 to observe what will play out with Bitcoin. There is no cause for alarm yet.

Sometimes Distant forecasting lures investors mate so let them give their forecast and Believe it or now,it doesnt matter because it is for others benefits if not ours.

What if we cannot afford to hold that Long/what if all of a sudden we need Cash for emergency reason mate?i believe that those who invested that can last long for holding stays holding,but those for their daily needs?better sell it now guys.

Bitcoin is no news hotter than Halving. It is one of the very important events and it affects many of the miners out there. If the price of bitcoin continues to decline at a deep price, then the miners will surely not be profitable and leave. then hashrate is also down and cannot serve as many transactions as before.
But I believe that things will not be so negative. The whales will soon push up the price of bitcoin and bring the market back to life. Our job now is to buy and hold BTC for a long time.

Well, this is a pretty widespread misunderstanding of halving

Indeed, it was an "event" in the sense something occurred on a certain date (in this case, the block reward halving). However, the halving event itself was only a starting point after which the reward has been halved and remains halved, the point being that it is the process as it unfolds in due course that counts, not just the mere fact that it happened. So, in a sense, the halving is not done as it still goes on. And it will take time to reveal and unleash all its long-term and lasting effects, consequences and implications (possibly, hell)

Do we have to rely on such "events" for pumping the Bitcoin price?
The BTC halving was overrated and over-hyped as the "major crypto event of 2020".
The Bitcoin halving is in the past,nothing sensational or spectacular happened on the Bitcoin markets.
Do we have to anticipate some "major event" to build up some hype around Bitcoin again?
I prefer slow and steady Bitcoin adoption and slow and consistent Bitcoin price increase(which isn't happening),rather than waiting for Bitcoin related "events"....

It does not stop after the halving moment because bitcoin still search for the stable price which we see that bitcoin stay at $9k-$10k. But unfortunately, we are now still below $10k, but sooner or later, the price will be back to $10k, and even the price will slowly or faster to increase and break the higher rate. I don't know about the events, but I believe that the bitcoin price will be more than $20k at the end of the year or next year.

Yh, same here, despite the halving of BTC the market hasn't flourished yet and I believe this is due to the effects caused by the pandemic. People don't feel that confident to invest in crypto and what's worse is that investors risk has already been tried out by the dump of the stock market so there might well be that crypto would start growing and get momentum at a similar time as the rest of the markets, following recovery from this pre-recession.

You should not be expecting bitcoin to soar high a month after just a month post halving, expect a huge movement towards the end of the year or probably next year, according to previous history, bitcoin moon during those period and its much expected also to repeat itself after this year halving

Yeah, and I think we are seeing it now! Simply not dumping the price of bitcoin is really a good sign that we can expect the pump through the following months. Bitcoin halving history chart shows the exact scenario on what's happening right now  ;D So now we are just going to play the waiting game  ;) Let's hold the bitcoin or even buy more and let's ride the upcoming pump  ;D

After halving we will wait for another adoption by some of the giant companies or some implementation of some big countries. either way, we will wait for another good news to encourage the others to hodl as we do. lastly, when the 4th BTC halving comes which will take place in the next 4 years, there will be a lot of us waiting for it. If the popularity of bitcoin will increase further than we have witnessed now, I'm sure the next halving will be epic but of course, let's hope that no pandemics will occupy the mind of people when that time comes.

Most of these overhyped events don’t really do anything lol  ;D.
The price of bitcoin reach a high price and possibly another ATH price, but it’s not going to happen just some people hyping it are saying it would. It takes time. Even the last two halving, we didn’t get a huge uptrend a minute after those halving events took place.

If I am right, we had to chill for a long time before we got huge uptrends, and this one is not anything different, might take a year before we start seeing a huge uptrend. It’s just like how they were hyping a lot of things in the past and after those things came we didn’t see any slight change.

I heard that before. This year is bad but the next is going to be better :D they said that in 2018 and 2019.

The market is not normal because we had a big drop in stocks because of the coronavirus restrictions. People were unable to travel and many businesses went bankrupt and Bitcoin's price is reflecting that since May.

The halving is good but it's not going to help if world economy enters a new great depression.

Good in terms of what? How can you define the halving by "good" or "bad"? It's a basic element in the bitcoin mining and users have in minds that it goes to occur every few years. If i ask one of those mining pool who shut down after the halving, they will surely say that Halving is not good which is a false statement.
In my opinion, nothing would happen except for price bump that everybody is waiting for even before the recent halving and we may say more shutting down mining pools if the price goes down instead of rising.

The next halving event is still very long and before that happens at least with the turn of the year it will always be another big event, because even every speculator will definitely involve the end of the year as the main topic about a possible bull run, as well as at the end of this year at least it will be another sign whether 2021 will be a cryptocurrency season or maybe it's just recovery as usual we still can't be sure.

A new great depression is not very probable with today's economic paradigm

As such, the real Great Depression which started in 1929 was only "the cherry on the cake" if I may say so. Before that, there were a number of minor "depressions", and the main reason behind all of them was the gold standard and paper money redeemable for a set amount of physical gold

I know this may look like a paradise for quite a few in crypto circles, but in real life, however, it turned out to be hell, over and over again. The point is that a new depression is unlikely as the government can easily print its way out of it. There are a lot of issues with fiat money (mostly coming from its abuse and misuse), but depression is not one of them

The expectation of many bitcoin holders was very high during the bitcoin halve and by this time might be disappointed. We should not always see bitcoin as a means of making a quick money through the Internet, rather we should see it as a means of freedom from the oppressors. Bitcoin doesn't respect anyone opinion in it but always do what it tend to do without a second party. Though the expectations of the holders might see less but there is light after the tunnel for strong hands that can hold. 

I work for blockloan.org.  I would be interested in insight on this change.

Thank you,
 
Mira

I think the event that everyone is waiting for bitcoin from now until the end of the year is Bitcoin reaching a new peak that is higher than the peak in 2017. Everyone is anxiously wondering whether Bitcoin will do it and reach a new peak higher than that top. I think this question is difficult to answer at the present time due to the circumstances The difficult economic situation around the world due to the spread of Corona virus, but I think this can happen but it needs some time.
mining rewards have decreased to 6.25 BTC but there are still large quantities in the market we need some time to start these quantities present in decrease then the demand for bitcoin increases and rises Its price is as expected.

from my 3 years of Bitcoin experience, I can say that you can only predict but nothing can be surely said in Bitcoin. because anything can be happened at any time in BTC market. if you are enough skilled about trading signals and indicator then your predictions may be matched, but no one can identify surly the pumping or dumping moment, but I hope in this year we may see a massive increase in BTC market. I think if we able to recover out of from coronavirus pandemic then we may see another ATH in this year.

After Bitcoin Halving there's really nothing you need to do after the halving. The bitcoins in your wallet or at an exchange will remain just as safe as they were before the halving

Lets be clear, if there is adoption by big ecommerce companies then we can assume that people will be aware of the cryptocurrency concept but we are 10 years from the inception of bitcoin and anyone who invest in any financial sector are aware of the market and with that into account any adoption by giant companies will not make any major changes.

We crossed that phase about the popularity. Everyone knows about bitcoin but what makes them want to invest in them in the changing factor, i am waiting for more development in scaling rather than looking for improvement in price as if there is a massive scaling solution then the price would grow naturally.

We are all hoping for an increase but it would be preferable if it would be a on a gradual pace rather than on shorter spikes.Nothing can
predict out on what would happen ahead even people do really hope and anticipate that much towards each halving effects but the
market shows that theres no event can assure that would really have that kind of effect afterwards.

In talks of storage then exchange wallet is never been suggested.Always make use of non-custodial ones.

You got it. I wasn't expecting Bitcoin's price to magically skyrocket on the eve or immediately after the halving. I know of lot of people who started buying Bitcoin before the D-day just because they heard Bitcoin's price would rise, thanks to the halving. But then, things aren't always as they seem. I mean, even after the halving in 2016, the price didn't surge until late 2017 / early 2018.



That's true. Although, storing one's assets (Btc, altcoins etc) on exchanges is recommended not recommended since exchanges are prone to hack and breaching attacks as we've seen in the past.

Yes, brother you are right. The whole world is in turmoil today due to the outbreak of the Covid-19 virus; There is a huge loss of human life and property. Its impact is felt at all levels of society. Bitcoin is not out of it. Let's all be patient without panic at this moment. Hopefully in the near future the morning light will come.