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Bitcoin => Bitcoin Discussion => Topic started by: Bitcoin_bullish on January 13, 2020, 12:02:04 PM



Title: We are giving too much attention on the halving
Post by: Bitcoin_bullish on January 13, 2020, 12:02:04 PM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.



Title: Re: We are giving too much attention on the halving
Post by: White Christmas on January 13, 2020, 12:51:02 PM
Of course we will give some of our attention to the bitcoin halving because this is one of the biggest and most important event in the world of cryptocurrency in which it is very rare to happen, and it only happens every 4 years of the bitcoin or the cryptocurrency.
Many people are focusing to the bitcoin halving that will happen because they are predicting and analyzing what would be the effect of it to the current situation of the crypto market, in which it will help them to decide what would probably they need to do in order to have profit or maybe they can be ready on what might happen after this big event which is bitcoin halving.


Title: Re: We are giving too much attention on the halving
Post by: BrewMaster on January 13, 2020, 01:24:59 PM
well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.


Title: Re: We are giving too much attention on the halving
Post by: k@suy on January 13, 2020, 01:31:20 PM
well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.
Yes if and only if this will happen the price of the bitcoin will more likely rise that's why our goal here is to promote the crypto world to more people coz it will be a big help for us to rise the demand of the cryptocurrency in order to also rise all of the value of cryptocurrencies.


Title: Re: We are giving too much attention on the halving
Post by: mk4 on January 13, 2020, 01:54:41 PM
Some people are expecting price rises after the halving, hence people are really really interested in talking about it. There are people that are in the bitcoin space mainly to earn money off it, and there's really nothing we can do about that.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.
I also want that to happen, but let's be completely honest and realistic about this. It ain't going to happen anytime soon. It's going to take a while for bitcoin to have ample market liquidity for it to be A LOT less volatile than it is right now.


Title: Re: We are giving too much attention on the halving
Post by: cotton ball on January 13, 2020, 01:55:59 PM
Don't worry about how much your giving attention on the halving of bitcoin because your expectation with bitcoin price will raise up to higher price, you need wait several weeks later and see how bitcoin price back with higher price and how come halving could give most bigger change of bitcoin can back to higher price again.


Title: Re: We are giving too much attention on the halving
Post by: rodskee on January 13, 2020, 02:06:04 PM
i see no  wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.



but today?bitcoin is 4-5 Digits in value so Keeping them Holding when they pumped wasn't a good idea,i would rather to sell when i am in profit of 20-30% than just letting the Road dump again while i had a chance to earn more.so we must respect how people handle their investment here in crypto market.


Title: Re: We are giving too much attention on the halving
Post by: tsaroz on January 13, 2020, 02:07:40 PM
This halving is surely more looked over than the last one. 2016 halving created the largest ATH ever in bitcoin price. The last one in 2012 was also followed by rapid growth. It's too unique event to ignore, at least for me.

https://hacked.com/wp-content/uploads/2019/05/bitcoinHalvingChart.jpg


Title: Re: We are giving too much attention on the halving
Post by: alyssa85 on January 13, 2020, 02:16:23 PM
well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years


Title: Re: We are giving too much attention on the halving
Post by: Lucius on January 13, 2020, 02:24:28 PM
The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

The fact is, halving is one topic that has been discussed a lot lately, but this is quite normal given that it is something that is a solid fact, and that in the past it was positive for the price. It's also not something technically challenging for most, unlike Lightning Network which as a topic is very technically complicated for most users.

As for 2016/2017, why are you talking about a bull run in 2016? We all know that the bull run happened in 2017, with the greatest impact in December of that year. I also do not understand what news from Asia caused extended bull run, it was over before the end of 2017.

You can dream about a day "when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price", but this is not something that is realistic to expect, especially in the near future. It's not all that black, there are plenty of merchants who accept BTC as a payment method, we just need to keep in mind that we are in a very early stage of adaptation, 10 years is a very short period of time to achieve global success in something. BTC is specific because of its decentralization, which in some ways complicates matters in a world where everything is centralized.


Title: Re: We are giving too much attention on the halving
Post by: Gozie51 on January 13, 2020, 02:31:27 PM
i see no  wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.


Hodling isn't really to hodl till eternity as you said. But those whom you allude to have hodl for 5-8 years might not be the original investors. They might be those buying, hodling and reselling. That is a better way to hodl too.


Title: Re: We are giving too much attention on the halving
Post by: hugeblack on January 13, 2020, 02:36:52 PM
Market capacity, continuity of supply and demand, and technology development are what will make your dream come true.
The development of the Lightning Network is the solution with this level of transactions, but we will face more problems that we will need more and more solutions to meet and thus continuous development.
I agree with you in the bright future, and speculations will end with sufficient market capacity that makes volatility more difficult.


Title: Re: We are giving too much attention on the halving
Post by: Yatsan on January 13, 2020, 02:42:54 PM
Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.
The gathered data of that year already tells what bitcoin could be in the future. In 2017, blockchain capital funding raised over $500 million, countries around the globe searched bitcoin on google, Google scholar published 5000 articles regarding bitcoin ( we're close to 14000 now) and ICOs raised over $3.5 billion that year because of bitcoin. I don't really see no reason why adoption is not going to be the priority of establishments and businesses that time.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years
Bitcoin decreasing value in early 2018 becomes unprecedented when speculations overlook the fences from its point. Bitcoin in payment method may come easy for consumers but it ain't the same way on the business owners. Bitcoin is volatile, that's the only reason why they could not continue accepting it.


Title: Re: We are giving too much attention on the halving
Post by: mk4 on January 13, 2020, 02:54:18 PM
You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

Let's be completely honest here. Adoption just increased in December 2017 mostly because bitcoin rose in price in a bubbly manner, and "adoption" fell down as the price fell. Steam and a few other retail business just realized that bitcoin really wasn't ready for mass adoption as for-payments, and there's truth in that. But let's not be too shortsighted here; scaling solutions are moving forward, whether or not it's in the pace we want. Bitcoin will simply be a niche for-nerds money for a while.


Title: Re: We are giving too much attention on the halving
Post by: tomahawk9 on January 13, 2020, 03:08:58 PM
Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
But the average joe and the massess couldn't care less about the tech so, the only way to draw people's attention to it is by talking about the price, that's literally what everyone cares about.

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
The LN is way too "complicated" to understand for the average user/merchant. Plus, people don't care about the developments of X or Y, they want to see the finished product, they want to see the LN working in retail stores worldwide, but we're still miles away from that.

With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.
It's been like 3 or 4 years since the buzz about the LN started, you think people haven't discussed the subject already? The reason why you don't see that much discussion about the LN or people talking about it 24/7 on social media is because the LN is still in "development". Maybe in a few years (4 maybe 5 years) when we start seeing the LN being used in every store that accepts btc payments, we'll see more and more people talking about it.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price
Keep dreaming.


Title: Re: We are giving too much attention on the halving
Post by: YuginKadoya on January 13, 2020, 03:12:51 PM
The Halving event is a thing that most people are waiting because of the significant increase in the price nothing more if the Halving would create a new coin then I think it will just become another Altcoin, and people are not so excited about that the husk of Bitcoin is more important to some because that is what people are up to, I am too are looking forward on the Bull run and quite just holding and waiting for another new all-time high that may come our way.


Title: Re: We are giving too much attention on the halving
Post by: Theb on January 13, 2020, 03:18:03 PM
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

You created this post as if Bitcoin is not receiving enough attention and development that investor's on their own personal interest should be shifted towards technical aide of Bitcoin. Well to tell you honestly once Bitcoin is explained technically i'm sure that we won't gain anything or move faster into adoption because on the eyes of the viewer it will just complicate a lot of things, they might even think that Bitcoin is difficult to be operated as a payment system. So really we don't need some kind of advocacy in the technical side as a way to promote adoption and if you want to talke about it we have two boards in the forum for that.


Title: Re: We are giving too much attention on the halving
Post by: DeathAngel on January 13, 2020, 03:20:21 PM
People always doubt the power that the block reward halving has on demand & price. I’ll just sit back & enjoy the mayhem 6-12 months after the halving.

Destination - MOON.


Title: Re: We are giving too much attention on the halving
Post by: tianglistrik on January 13, 2020, 03:22:46 PM
I don't think it will go further, maybe to see the use of bitcoin en masse will be more difficult for many reasons and challenges. and I think to attract attention so far the newcomers are interested in the benefits, and usually do not care about the usefulness and the available technology.


Title: Re: We are giving too much attention on the halving
Post by: bitcoindusts on January 13, 2020, 03:23:55 PM
I agree that we should promote Bitcoin because of its technology  but we can't deny the fact that people especially investors are more interested on how they will profit in a certain venture.  I do not think that promoting profit is a bad idea, because with it we also promote its technology because promoters need to explain the technicalities of Bitcoin.  And money gain is the shortest route for people to get interested.


Title: Re: We are giving too much attention on the halving
Post by: Bitcoin_bullish on January 13, 2020, 03:28:56 PM
The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

The fact is, halving is one topic that has been discussed a lot lately, but this is quite normal given that it is something that is a solid fact, and that in the past it was positive for the price. It's also not something technically challenging for most, unlike Lightning Network which as a topic is very technically complicated for most users.

As for 2016/2017, why are you talking about a bull run in 2016? We all know that the bull run happened in 2017, with the greatest impact in December of that year. I also do not understand what news from Asia caused extended bull run, it was over before the end of 2017.

You can dream about a day "when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price", but this is not something that is realistic to expect, especially in the near future. It's not all that black, there are plenty of merchants who accept BTC as a payment method, we just need to keep in mind that we are in a very early stage of adaptation, 10 years is a very short period of time to achieve global success in something. BTC is specific because of its decentralization, which in some ways complicates matters in a world where everything is centralized.

Looking at the charts I see that the bull run started in 2016. We went from 200$ all the way up to 1000$ at the end of this year. The price went parabolic the whole 2017 because of many good news that had to do with adoption. These news became reality with Bitcoin becoming a legal method of purchasing in Japan and Korea and then these major markets started investing. So I don't think it was the halving caused the price to rise this high.


Title: Re: We are giving too much attention on the halving
Post by: Artemis3 on January 13, 2020, 03:31:26 PM
well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

But this has not occurred again. And honestly, I think Steam (Valve) are idiots. They could have taken the coins directly, or set up a btcpay server, which is an open source Bitpay replacement. Its not like they lack the resources and skills to do so. To this day, i still think they are big idiots for blaming Bitcoin for something that was actually Bitpay's fault. Purchasing a game is a perfect example of something that does not need instantaneous transactions, you CAN wait hours or days for a game to appear on your Library.

If they wanted, they could even provide an online bitcoin wallet. That way the time it takes for coins to reach there doesn't matter, and once there, you can to any "processing" (exchanging to USD which is what they seem to want) instantaneously. Why their client already shows USD funds, it might as well show BTC.

So now, thanks to their stupidity, people have to buy euro Steam gift cards from dubious sites to do the same, with a lot of extra delay and even more fees. Gee thanks for making things so much harder to honest customers, don't go cry piracy later...

So ignoring Gabe's idiocy (shoo profits, shoo), adoption is occurring. It might slowdown somewhat at times, but its not becoming "undone". Even them will have to return, because they will have no choice. Ignoring bitcoin is as unpopular as you can get, and all it takes is some nice healthy competition accepting it...


Title: Re: We are giving too much attention on the halving
Post by: avatar_kiyoshi on January 13, 2020, 03:43:09 PM

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

Halving and price rise is the factors that can attract people to use Bitcoin. Indeed this is not about Bitcoin as currency but at least make people love Bitcoin first is good step for Bitcoin become a recognized currency. The more demands around the world, the greater the chance for Bitcoin to be legalized as a worldwide currency and will also force the government to legalize it, even though this stage is still very long.


Title: Re: We are giving too much attention on the halving
Post by: Bitcoin_bullish on January 13, 2020, 03:46:11 PM
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

You created this post as if Bitcoin is not receiving enough attention and development that investor's on their own personal interest should be shifted towards technical aide of Bitcoin. Well to tell you honestly once Bitcoin is explained technically i'm sure that we won't gain anything or move faster into adoption because on the eyes of the viewer it will just complicate a lot of things, they might even think that Bitcoin is difficult to be operated as a payment system. So really we don't need some kind of advocacy in the technical side as a way to promote adoption and if you want to talke about it we have two boards in the forum for that.

I created this topic because I understand what is the world's view on Bitcoin right now. You are promoting it as a way to get rich by next summer which will have the opposite results from what you are expecting.
I hope you will understand this some time soon.


Title: Re: We are giving too much attention on the halving
Post by: agentx44 on January 13, 2020, 03:46:22 PM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.


You cannot blame everyone for paying too much attention to bitcoin halving, we've experienced a very dry season for bitcoin  for a very long run already and we cannot wait anymore to see it has its price recover once again or for a greater news, exceed its last record. We all want bitcoin to be known worldwide and be used by many means but we should first make some actions to have it acknowledge by different countries especially the big ones.


Title: Re: We are giving too much attention on the halving
Post by: airdnasxela on January 13, 2020, 03:46:31 PM
It's normal for us to discuss halving. Everyone's expecting on it. Although we shouldn't give too much expectations. But since on the previous halving it cause a positive effect on Bitcoin, we cannot just disregard that it can also happen again.  Even though we keep on talking about halving, we're still promoting Bitcoin. We've been promoting Bitcoin ever since. We're all dreaming the same dream for Bitcoin. Mass adoption.


Title: Re: We are giving too much attention on the halving
Post by: bittraffic on January 13, 2020, 03:51:20 PM

After the long bear market, we really can't wait to see bullrun to start because of this halving after all bullrun always occur after halving. Its the pattern they see every time which  gives us the idea when to wait for it.  Everybody waits for the bullrun and big personals are also hyping it.  Lightning is very useful for the community but I heard there are issues such as centralization because of the channels.


Title: Re: We are giving too much attention on the halving
Post by: taufik123 on January 13, 2020, 05:30:48 PM
For now the very strong euphoria is about halving bitcoin which will happen soon.
We cannot distract others from the benefits that will be given before halving occurs or afterwards. this is the event that has been eagerly awaited.

About bitcoin technology that is not so promoted for now, it's still a very reasonable thing, because investors pursue profits first.
for a discussion of the growing technology of bitcoin about lightning networks will certainly have its own discussion.


Title: Re: We are giving too much attention on the halving
Post by: CarnagexD on January 13, 2020, 05:37:41 PM
It's normal for us to discuss halving. Everyone's expecting on it. Although we shouldn't give too much expectations. But since on the previous halving it cause a positive effect on Bitcoin, we cannot just disregard that it can also happen again.  Even though we keep on talking about halving, we're still promoting Bitcoin. We've been promoting Bitcoin ever since. We're all dreaming the same dream for Bitcoin. Mass adoption.
Correct. I see the author's points since I myself am a cryptocurrency investor that got ito ivesting because I saw a revolutionary potential on bitcoin. That it could surpass fiats moving forward leading to a much more consumer-friendly environment. But you also have to consider that we have as many tech supporters as price ivestors. People who are into bitcoin because they saw a way to get money.


Title: Re: We are giving too much attention on the halving
Post by: kro55 on January 13, 2020, 05:42:42 PM
We need an event to discuss and pay attention to. 2019 ends with coin halving while 2020 starts with Iran USA tension and its impact on Bitcoin price. Now again attention is getting back to coin halving, thanks to normalization of things between USA and Iran. this is how crypto community moves and will keep on moving.


Title: Re: We are giving too much attention on the halving
Post by: Nadziratel on January 13, 2020, 05:47:21 PM

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.


We are always focused something. We focused marjin things, option trading, Bakkt, ETF and something... We should focus something serious, something related with blockchain and bitcoin. Otherwise we just watch prices goes up and down. But always miss something.


Title: Re: We are giving too much attention on the halving
Post by: Wipeout2097 on January 13, 2020, 05:56:03 PM
Because a major event of decade and will leave positive or negative affects to the cryptomarket specially the BTC.The expected price of BTC after halving will be bearish for long time said by crypto analyzers.
The early adopters who holding since 2015 and specially who bought in 2017 in bull run excited to sell because they will get profit if the BTC will cross above $20k.

Further patience needed and prepare the mind as well BTC price is not rising as expected never disappoint yourself just keep your trading and earn slowly to get our financial freedom.


Title: Re: We are giving too much attention on the halving
Post by: electronicash on January 13, 2020, 06:03:54 PM
That's true tough. The whole community of crypto are always focused on how the halving will affect the price and not the adoption or the technology. It's as if they are just here for profit meanwhile I'm really expecting to be able to pay stuff online using bitcoin without the need of third party or using gift cards and honestly this halving is overrated considering that it will happen always happen every 4 year.

for waiting me this long, its not practical for me to actually think not of profit while i'm looking for which altcoin to invest. me hoping for adoption is always there even before BTC reaches up to $1k i'm already here wishing it would happen one day. there are few merchants accepting in my country only less than 5 of these stores that i've tried buying using BTC.

but with the help of halving that prices goes up enough for media to cover, i think merchants will be intrigue to see this payment option as alternative.


Title: Re: We are giving too much attention on the halving
Post by: julius caesar on January 13, 2020, 06:21:01 PM
We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.


Title: Re: We are giving too much attention on the halving
Post by: acdc on January 13, 2020, 06:28:15 PM
We all hope one day bitcoin will be accepted as a worldwide currency. But perhaps we will wait a long time, bitcoin has a long way to go before governments accept it.
Aside from being accepted by the government, I think bitcoin also needs a lot of improvement in speed and cost to be a currency.


Title: Re: We are giving too much attention on the halving
Post by: fiulpro on January 13, 2020, 06:47:49 PM
It's a really big phenomenon I think halving along the whole history have proved to be amazing for the bitcoins , the price rose also at the same time I think this is the only big thing in the bitcoins world happening so people are just looking forward to it with hope , maybe it could be a good thing for them .
But yes of course we don't know what would happen it might not at all affect the bitcoins but hoping is all we can do 😂


Title: Re: We are giving too much attention on the halving
Post by: Colt81 on January 13, 2020, 06:51:52 PM
We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.
Indeed. Almost every bitcoin users are waiting for bitcoin halving because they are expecting that bitcoin will reach it's price to 20k USD again, so they could recover all of their losses way back 2018, that is why they keep holding it for a long time and they resist to sell their bitcoin even in the bearish times.


Title: Re: We are giving too much attention on the halving
Post by: d3nz on January 13, 2020, 06:59:46 PM
We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.
Indeed. Almost every bitcoin users are waiting for bitcoin halving because they are expecting that bitcoin will reach it's price to 20k USD again, so they could recover all of their losses way back 2018, that is why they keep holding it for a long time and they resist to sell their bitcoin even in the bearish times.
I guess the value of Bitcoin will only rise after the halving is completed and it would take time just like before and we might see a plummet of price because of the halving of rewards and we don't know when the market will move if its going up or down.

We just need to make sure that we're always ready when there is a change on the flow of the market. Predicting the chart is really hard because even know were right in prediction still it could be change anytime and we cannot change the future.


Title: Re: We are giving too much attention on the halving
Post by: Theb on January 13, 2020, 07:07:45 PM
You created this post as if Bitcoin is not receiving enough attention and development that investor's on their own personal interest should be shifted towards technical aide of Bitcoin. Well to tell you honestly once Bitcoin is explained technically i'm sure that we won't gain anything or move faster into adoption because on the eyes of the viewer it will just complicate a lot of things, they might even think that Bitcoin is difficult to be operated as a payment system. So really we don't need some kind of advocacy in the technical side as a way to promote adoption and if you want to talke about it we have two boards in the forum for that.

I created this topic because I understand what is the world's view on Bitcoin right now. You are promoting it as a way to get rich by next summer which will have the opposite results from what you are expecting.
I hope you will understand this some time soon.

And where did you get that idea as well? I've looked at my own post history especially the ones found in the speculation board and trading discussion section all the contents of my recent posts are based on analysis and nothing about hyping Bitcoin or staying positive for it. From what I am seeing I think know that you see there are two kinds of people in the industry the ones who are promoting the price movements and the ones who are promoting the tech itself but to be honest there are also people who care both aspects and not just here to make money out of BTC's price movement.


Title: Re: We are giving too much attention on the halving
Post by: diazepam666 on January 13, 2020, 07:11:06 PM
We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.

This is so effective for the cryptocurrency users who ever waiting for future halving and makes the value boom for next level using their portfolio.
I expect the market value of bitcoin should goes to next peak value this year due to halving.
Let's everyone try to hold more cryptocurrencies to find the more profit.


Title: Re: We are giving too much attention on the halving
Post by: heidikim on January 13, 2020, 09:31:58 PM
Halving is very important. Of course it is not an improvement that will blow prices. However, expectation will not be wrong. We're in a very important time frame. Prices may start to rise again in the summer months.


Title: Re: We are giving too much attention on the halving
Post by: Yamifoud on January 13, 2020, 09:47:37 PM
It is because it was special and people are getting hopeful for this event to drive a better price in the coming days. If we could recall how halving did great in the previous halving, ain't no wonder why we have to ignore this. Yes, people think that this event will be the solution for a long bear season that we experienced and to see the market fully recover.

Besides, no other major events we have this year will have to see aside from halving and this event becomes the center of most talks.  However, a certain Bullrun that people most likely to see again is still uncertain. But only we have just hopes.


Title: Re: We are giving too much attention on the halving
Post by: kaya11 on January 13, 2020, 10:14:35 PM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.



My first feelings about bitcoin is same as yours now, but people changed my friend and I am one of them, hell yeah I would sell if I make money even the slightest possible profits. Ask most of the people here, they most likely here to earn profits.


Title: Re: We are giving too much attention on the halving
Post by: BuNga_cute on January 13, 2020, 10:52:10 PM
In my opinion there is nothing wrong if we expect or pay more attention to halving bitcoin that will happen some another month.
Because if we look back in history, what happened with the previous two halving has already been proven to make bitcoin prices
And it's very important in my opinion the rise in the price of bitcoin to speed up the process of adoption of bitcoin the price of bitcoin
is more expensive, the more it attracts new investors to invest in bitcoin.


Title: Re: We are giving too much attention on the halving
Post by: hello_good_sir on January 13, 2020, 10:52:38 PM
I think that in the short run the halving certainly has significance, especially on the price and affecting the market sentiment positively.

However, in the long run, obviously it doesn't affect the fundamentals much. In order for BTC to thrive in the long run its fundamentals need to improve at the end of the day, and that means greater adoption, greater real life usage, as well as a better network in general.

So no, I don't think that people are mistaking halving as long term progress, and it certainly contributes to improving short term market sentiment.


Title: Re: We are giving too much attention on the halving
Post by: Saisher on January 14, 2020, 12:25:04 AM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?



People are talking about the price because some new investors want to make a profit out of the halving and many seasoned traders also want to have another round of profit, all you can see on this forum are price predictions and only a few want to talk or discuss the technology behind it.


Title: Re: We are giving too much attention on the halving
Post by: slapper on January 14, 2020, 12:41:45 AM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.


You need to know that not every people care about the adoption of bitcoin in our money system. Most of them want to hold bitcoin in other to take good advantage from the fluctuation. Because of that fact, halving is very very important to them. They want to see the price of bitcoin to go up and therefore, they can have a great amount of money.
In my opinion, I do not believe that bitcoin will be used by every merchants and store. Bitcoin will be used as a good safe asset such as gold. However, dont take it too seriously. I still have a good feeling that other cryptos like ether or xrp will become the next generation of money


Title: Re: We are giving too much attention on the halving
Post by: maxreish on January 14, 2020, 01:07:51 AM
Certainly, the technical side of bitcoin wasn't really been use by most of the users that is why there is missing in what we call "full adoption". However, promoting btc.regarding it's price movements is kinda more effective to encourage new people rather than it's technical use.

Honestly, I am excited and waiting for that halving event this year. I am also a long term holder and this is my very first time witnessing how people always talk about "bullish" times when btc halving will occur.


Title: Re: We are giving too much attention on the halving
Post by: BlackFor3st on January 14, 2020, 01:18:17 AM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.


If there will be wide adoption and the government will do their best to provide some education about what is bitcoin, how it can help the people around the country, where and when they can use it,how simple it is to use and other important things about bitcoin then we don't need to give too much attention to upcoming halving.

But because this kind of scenario is not yet available then it is the reason why many are giving too much attention to upcoming halving as they are hoping that it can change the market situation in where they are hoping that what happened last 2017 will happen again starting this year.


Title: Re: We are giving too much attention on the halving
Post by: blckhawk on January 14, 2020, 01:22:34 AM
This is because most of us here are actual speculators, and a very few select merchants only are accepting Bitcoin as a form of payment, which makes adoption even lower, and thus we're quite stuck on this scenario of just wishing the price would go up.

Adoption for me should start from the way up, making it to the lower levels. That is to say, large and international companies adopting it first before the SMEs. That way, adoption would be easier for smaller businesses since if the large companies use them, it must be something good.


Title: Re: We are giving too much attention on the halving
Post by: meanwords on January 14, 2020, 01:30:32 AM
You know why? most people are only it for the money so in order to create money, they need something or an event to create hype which in turn could result into a pump. What good way to do it is to wait for the halving where the rewards are split and miners will have to cope with the price in order to be profitable again. They will need to increase the price in order to correlerate with miners profit.


Title: Re: We are giving too much attention on the halving
Post by: KnightElite on January 14, 2020, 02:03:59 AM
Everybody is focusing and giving attention in halving, I think we should not expect too much. I'm not excited about the halving because I'm a trader and I am not a speculator. Most of the posts that I keep seeing are about their hopes that the price of the bitcoin will increase after the halving, let me remind you it is just a "hope". It is better if we will still focus and give attention in price action than in halving that will happen.


Title: Re: We are giving too much attention on the halving
Post by: KennyR on January 14, 2020, 02:15:41 AM
Till date there is more and more discussion about halving which is purely on the growth it provides on the demand to the supply variation. The expectation too drives the market forward, as whales use it an opportunity to manipulate the market. Another important thing the increase in the volume of investment over the days of halving. As there is promised growth more investors make investment. This in turn also support the market pumping.


Title: Re: We are giving too much attention on the halving
Post by: MURONDI on January 14, 2020, 02:20:45 AM
I hope prices always go up in the future, in my opinion at this time bitcoin is still not suitable as a means of payment for micro businesses given the price is very volatile, maybe now bitcoin will be more suitable as an asset or investment for the future, and when all countries have accepted bitcoin, only then is it applied as a means of payment.


Title: Re: We are giving too much attention on the halving
Post by: gabmen on January 14, 2020, 03:02:59 AM
Everybody is focusing and giving attention in halving, I think we should not expect too much. I'm not excited about the halving because I'm a trader and I am not a speculator. Most of the posts that I keep seeing are about their hopes that the price of the bitcoin will increase after the halving, let me remind you it is just a "hope". It is better if we will still focus and give attention in price action than in halving that will happen.

Well the expectations are based on what happened during the previous halving. The value did shoot up then and people have a legitimate reason to be excited. Though i don't want to be in the hype too much as we're not sure that it's going to  follow previous trends. Recently, the movement of the market tend to go against what happened before.


Title: Re: We are giving too much attention on the halving
Post by: CodyAlfaridzi on January 14, 2020, 03:06:00 AM
Good point @OP.

We are too excited about the halving because in the past it has led to a massive bull run which multiplies Bitcoin's price several folds. Of course, people are excited for that. Yes it is a sad state that most people don't even aware of the current development. I was shocked when I knew that a "trader" that I thought was smart didn't even know the basic economy of mining. That's frustrating.

How to make more people talk about development is the challenge. Most people are just looking for money here, unfortunately.


Title: Re: We are giving too much attention on the halving
Post by: barabarian1 on January 14, 2020, 03:13:58 AM
I think it's natural that most cryptocurrency holders are very focused on bitcoin halving day. because this only happens once every 4 years. and if we look at the history of bitcoin, bitcoin always rises higher after being reduced by half. so all investors are looking forward to bitcoin halving day.
and for the issue of mass adoption of bitcoin I think it is still a long way to go. because the number of people who know and understand about bitcoin are still very few compared to those who don't know bitcoin.


Title: Re: We are giving too much attention on the halving
Post by: lixer on January 14, 2020, 03:16:05 AM
Yes, we are all paying lots of attention to the upcoming halving because it will be a big event within bitcoin ecosystem. I use Bitcoin every week for transaction, and I’m always funding my wallet. Money that fund in my Bitcoin wallet hardly stays for long because I’m always sending it out, so I would say that I mainly make use of Bitcoin as a means of transaction and not really for investment. But, I’m planning to buy a hardware wallet like Trezor and use it to store bitcoins now that there is going to be a halving since a lot of people are saying there is going to be an increase.

A lot of people I know that are afraid to make use of Bitcoin is because of the volatile price, and those I see that go for it are mainly as investment, it’s only few that use it mainly for transaction.


Title: Re: We are giving too much attention on the halving
Post by: bitvalak on January 14, 2020, 03:16:25 AM
Halving is the moment awaited by all bitcoin users, because obviously they not only want to use bitcoin technology but also want to get capital gains. It is true that from now on it requires a large adoption, but it will have high scalability as well.
What do you expect about the future of bitcoin is more or less the same as many people think, but the problem is we are not in the process for now. The attention of people at this time is on halving, maybe after halving it can come true.


Title: Re: We are giving too much attention on the halving
Post by: oktana on January 14, 2020, 09:33:36 AM
New users have interests on both sides, adoption and price development are always in the same option.

the most important thing right now is that the ecosystem is waiting for progress from Halving and is closely related to the potential for price increases, op can also continue to educate about the lightning network at the same time, in fact I am still thinking about complicated things like obstacles from the government, so I think adoption will move automatically if it is in line with price developments.


Title: Re: We are giving too much attention on the halving
Post by: Blackdeath on January 14, 2020, 09:39:25 AM
Since we experienced a long year of bear market in 2018. Most of us have put a lot of attention and waiting for bitcoin halving, so we could get back all of our losses. We are also expecting that halving will occur this year of 2020, that is why we are excited on what will be the improvement of bitcoin to it's price.


Title: Re: We are giving too much attention on the halving
Post by: KieranG on January 14, 2020, 09:58:47 AM
Personally I think the bear market is over, we just have no real reason for things to go "up".

The halving is already priced in for us coiners, it's when the next mainstream news pickup and nocoiners entering that would be driving any price activity to the contrary and that' won't happen without positive media attention and a purpose


Title: Re: We are giving too much attention on the halving
Post by: bounceback on January 14, 2020, 10:00:30 AM
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

promoting bitcoin is actually an obligation for us crypto users, maybe some people will be interested to start adopting bitcoin when they see our promotion, maybe it will also benefit us by increasing bitcoin adoption so it is very possible that bitcoin prices will also rise higher.

but in my opinion as a payment method, it looks like bitcoin isn't quite ready right now because there are still some transaction problems that need to be fixed.


Title: Re: We are giving too much attention on the halving
Post by: sovie on January 14, 2020, 10:07:20 AM
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

promoting bitcoin is actually an obligation for us crypto users, maybe some people will be interested to start adopting bitcoin when they see our promotion, maybe it will also benefit us by increasing bitcoin adoption so it is very possible that bitcoin prices will also rise higher.

but in my opinion as a payment method, it looks like bitcoin isn't quite ready right now because there are still some transaction problems that need to be fixed.

Bitcoin transaction has some serious issues like scalability and high fee during congestion. Probably that's why bitcoin hasn't taken off in tern of payment method. We have lightning network to solve this but it's still in early days.


Title: Re: We are giving too much attention on the halving
Post by: bitbunnny on January 14, 2020, 10:24:11 AM
To my opinion people are expecting too much of halving, some huge price rise, and yes, we are paying too much attention to it.
It's not very likely that halving will bring us big and continuous price rise so many might end up disappointed. Halvimg will not have so big impact.


Title: Re: We are giving too much attention on the halving
Post by: Lucius on January 14, 2020, 10:45:41 AM
Looking at the charts I see that the bull run started in 2016. We went from 200$ all the way up to 1000$ at the end of this year. The price went parabolic the whole 2017 because of many good news that had to do with adoption. These news became reality with Bitcoin becoming a legal method of purchasing in Japan and Korea and then these major markets started investing. So I don't think it was the halving caused the price to rise this high.

I don't know where you look at the data, but if you check here (https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130429&end=20200114) then you can see that the price on Jan 01, 2016 was around $400+, and it stays at that level until May 2016. The year is closed with $960, and I do not see bull run in 2016, perhaps only his beginning.

I know that Japan is declared BTC as "form of payment method" in 2017, but where you get info that South Korea is doing the same? To my knowledge, this has never happened, and 2017 was not a positive year as far as it was concerned crypto regulation in that country.

In South Korea, cryptocurrencies are not considered legal tender and exchanges, while legal, are part of a closely-monitored regulatory system. Cryptocurrency exchange regulations in South Korea are strict and involve government registration and other measures overseen by the South Korean Financial Supervisory Service (FSS). Although a rumored ban never materialized, in 2017, the South Korean government prohibited the use of anonymous accounts in cryptocurrency trading, and also banned local financial institutes from hosting trades of Bitcoin Futures. In 2018, the Financial Services Commission (FSC) imposed tighter reporting obligations on banks with accounts held by crypto exchanges.


Title: Re: We are giving too much attention on the halving
Post by: Meowth05 on January 14, 2020, 11:21:14 AM
To my opinion people are expecting too much of halving, some huge price rise, and yes, we are paying too much attention to it.
It's not very likely that halving will bring us big and continuous price rise so many might end up disappointed. Halvimg will not have so big impact.
People tend to expect too much upon this coming Bitcoin halving simply because we already have seen how big impact happended in crypto world a year ago. Everybody expect that there bull trend will enter the market after the halving. This event will caught a lot of attention indeed simply because it's only occur every 4 year yet it does bring positive impact in the market.


Title: Re: We are giving too much attention on the halving
Post by: Hypnosis00 on January 14, 2020, 12:09:22 PM
Halving it has a significant impact on the market last 2016 and that it catches the attention of everyone for they are hoping that this could be a bug helps to recover their losses. Besides, most experts say that we can expect an uptrend motion. Do it looks encouraging and it makes people keep their Bitcoin rather than sacrificing it for a loss.


Title: Re: We are giving too much attention on the halving
Post by: robelneo on January 14, 2020, 12:27:40 PM
I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become a reality soon.


I am bullish too on the future of the Bitcoin, and also dreaming that the majority of the online stores will integrate Bitcoin as one of their payment, the only thing missing is not is the lightning network, where the transaction can be processed in an instant with minimal fee, if this happens we can expect Bitcoin being used as one of the payment processors of small and big online stores.


Title: Re: We are giving too much attention on the halving
Post by: Shasha80 on January 14, 2020, 12:28:22 PM
Indeed, we must admit for 2020 that we all pay too much attention to halving bitcoin that will happen in a few months.
Because affected by two halving before it which has succeeded in making bitcoin prices rise. Even though we all know
there is still something else about bitcoin that we can explore, like making bitcoin so that it can be accepted as payment
received by every online or physical store. This is a dream a part of the cryptocurrency community. If that happens, not
only will bitcoin prices go up, but the value of bitcoin can also be more valuable.Because it is increasingly useful for human life.


Title: Re: We are giving too much attention on the halving
Post by: jossiel on January 14, 2020, 12:38:07 PM
As a bitcoin enthusiasts, I understand the point of view that you have explained. But let's just embrace the current scenario for bitcoin because the technology that it provided for everybody wasn't forgotten or ignored.

It's just most of the people who are into bitcoin is giving more importance to the price rather than the tech. It is not bad and it's not bringing negativity to bitcoin, I think it's okay. If you're telling others bitcoin to be embraced due to the technology, it's good and if others are telling about bitcoin as a speculative asset, it's good and okay too.


Title: Re: We are giving too much attention on the halving
Post by: msarro on January 14, 2020, 12:47:06 PM

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.


Thats the dream of every bitcoin enthusiastic and hopes are it will be a reality very soon.

Right now there are few serious issues with bitcoin that need to be addresses in order to make above dream a reality, first and foremost is price volatility. Today in the morning price was 8100$ while in evening its 8500$. No merchant will prefer payment in such volatile currency.


Title: Re: We are giving too much attention on the halving
Post by: joinfree on January 14, 2020, 01:08:31 PM
This halving is surely more looked over than the last one. 2016 halving created the largest ATH ever in bitcoin price. The last one in 2012 was also followed by rapid growth. It's too unique event to ignore, at least for me.

https://hacked.com/wp-content/uploads/2019/05/bitcoinHalvingChart.jpg
hahahaha...bitcion halving is surely a historical event that occurs every four years and i don't think anybody can ignore that but i think the reason why this year's halving is being talked about almost everywhere is the growth of bitcoin since its development. over decade we have seen so many negativities being said about bitcoin yet it kept growing and more countries have started permitting it use. Combining the factors of increased adoption together with bitcoin halving this year is really going to be a great one in this industry.