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Author Topic: How halving Bitcoin will affect the price of cryptocurrency?  (Read 257 times)
Whosdaddy
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May 28, 2019, 05:33:45 AM
 #21

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/

The bitcoin halving will have little impact over the btc world,because we are heading towards the 21 million global limit.There are plenty of btc in circulation and the reduced block reward won't have any influence over the market(other than the usual hype).
Naturally it should have impact but we might not see the impact because every time I see that a factor that is meant to increase the value of bitcoin comes in, it gets pump really , but people who will always take profit to force the value down again thereby making it looks as if there was no impact.

For this reason, I am not really putting my mind that much or hoping too much on the impact the halving will have, if it does have, fine and if doesn’t, market will always rise irrespective of the circumstances surrounding. The halving is almost here, barely a year more and we will know if what we have all speculated will happen or not.
arpon11
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May 28, 2019, 06:55:45 AM
 #22

In your opinion, should we expect a repeat of the bull rally in the cryptocurrency market in the second half of 2020?
Is it possible that the growth of the cryptocurrency market at the end of 2017 was actually triggered by bitcoin halving?
https://www.cryptocompare.com/mining/guides/what-is-the-bitcoin-halving-and-what-will-it-do-to-the-bitcoin-price/
2017, bullish run that happen in cryptocurrencies was caused by many factors though one of those factors is halving! I see the hardfork, adoptions as part of the reason why 2017 was bullish and many investors that see the opportunity ahead put a lot of money in and that is the same thing that is happening now. The wise investors that has see ahead are putting in huge funds and  they are seeing the current state of the market as preparations for MAY, 2020 when bitcoin will be halving. The halving is going to affect bitcoin positively because the laws of demand and supply are going to take it cause.
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