The 2020 Next Bitcoin Halving vs The 2016 One

[Trela]

of course all bitcoin holders certainly hope that bitcoin can pump after halving in 2020 like 2016 yesterday. if we look at the price of bitcoin it always increases after halving. but I don't think anyone can guarantee whether bitcoin will increase like 2017. Because the current condition of the crypto market with 2016 is different yesterday. but I also hope that in 2021 bitcoin can reach $ 20,000 again.

I don't know why people keep believing that, it is true that the halving brought some growth the market of cryptocurrencies but the price skyrocketed at the end of 2017 not because we had the halving one year before, the price went up because at that time we got one of the most important upgrades in the history of bitcoin, the segwit upgrade allows for the lightning network to be implemented which is finally going to allow us to see the adoption that we want as we will not have to wait for minutes or even hours to get a confirmation.

Ya, Segwit. I forgot that this feature upgraded in 2017. It is also an important feature that helped Bitcoin so much to become an excellent payment method, but I still keep my opinion that Bitcoin Price could be affected by Bitcoin Halving.

Just a flashback, in 11/2012, when the first Bitcoin Halving happened, the Bitcoin value since that time has raised from $11 to $1100 within one year (2013). Don't you forget what happened in the second Bitcoin Halving? It's also affected the Bitcoin price after one year, when the Bitcoin reached the new all-time highest price - $20,000.

Let you say that it is a coincidence. But according to what I have learned and experienced, this coincidence is often repeated. I guess the Bitcoin value will increase in 2021 - one year after the Bitcoin Halving.

[jostorres]

The difference is price was much lower back in 2016 so when people wanted to buy the price went up very quickly, nowadays the price is so high that there are people who mine it for free (not really free but you get it) and sell 1800 bitcoins a day just from zero and there are traders and there are people who want to sell and all of those bitcoins being sold has to be covered by people who just want to invest, that's it, so it is not easy to do that right now when bitcoin is thousands of dollars.

Yes, it may still go up and we can still have bitcoin at over 20 thousand dollars one day, there is nothing stopping that and enough attention is given to bitcoin but that doesn't change the fact that increasing the price in 2016 was much simpler.

[drachman]

Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/

We cannot base our beliefs on a single data point, just because the price of bitcoin performed really well back then that does not mean the same will happen again, especially since it is way easier to go from 400 to 800 than it is to go from 7000 to 14000, people need to accept that as the price of bitcoin goes up it will have greater problems to keep growing as the money needed to make the price to go up increases as well, if you want to see that kind of performance during the halving then it could be a good idea to concentrate in altcoins instead.

[Bezobraznike]

The difference is price was much lower back in 2016 so when people wanted to buy the price went up very quickly, nowadays the price is so high that there are people who mine it for free (not really free but you get it) and sell 1800 bitcoins a day just from zero and there are traders and there are people who want to sell and all of those bitcoins being sold has to be covered by people who just want to invest, that's it, so it is not easy to do that right now when bitcoin is thousands of dollars.

Yes, it may still go up and we can still have bitcoin at over 20 thousand dollars one day, there is nothing stopping that and enough attention is given to bitcoin but that doesn't change the fact that increasing the price in 2016 was much simpler.

   Bitcoin is the most dominant coin in crypto-market, one day entire market will rise and Bitcoin will get back to 20k. What stops Bitcoin
to get there? Bitcoin needs more attention, higher demand, and then people will rise their sell orders and it's how price is growing.
   I think that investors are bullish, Bitcoin still attract more investors towards it and this will lead to higher prices. Bitcoin can reach
higher price, but it's not the time yet, we will have to be patient and wait for that day.

[barabarian1]

everything is possible in the cryptocurrency market. bitcoin will pump or not after halving in May 2020 the market will determine and answer it. we can only wait and hold until bitcoin goes up. I also hope that bitcoin will go up like 2017 but maybe bitcoin has actually decreased after being reduced by half. all possibilities can happen we must be ready to accept it.

[Distinctin]

We can't figure it out who's having a big wave of market jump until we have the 2020 halving. It is an amazing performance and what a passive result after 2016 halving but maybe this coming halving show more compared before. Quite a puzzle by then, not sure if this year we could experience another bull run or not cause it all depends on market support level.

[arwin100]

The difference is price was much lower back in 2016 so when people wanted to buy the price went up very quickly, nowadays the price is so high that there are people who mine it for free (not really free but you get it) and sell 1800 bitcoins a day just from zero and there are traders and there are people who want to sell and all of those bitcoins being sold has to be covered by people who just want to invest, that's it, so it is not easy to do that right now when bitcoin is thousands of dollars.

Yes, it may still go up and we can still have bitcoin at over 20 thousand dollars one day, there is nothing stopping that and enough attention is given to bitcoin but that doesn't change the fact that increasing the price in 2016 was much simpler.

   Bitcoin is the most dominant coin in crypto-market, one day entire market will rise and Bitcoin will get back to 20k. What stops Bitcoin
to get there? Bitcoin needs more attention, higher demand, and then people will rise their sell orders and it's how price is growing.
   I think that investors are bullish, Bitcoin still attract more investors towards it and this will lead to higher prices. Bitcoin can reach
higher price, but it's not the time yet, we will have to be patient and wait for that day.

This is the last day of the year and we cannot see some great pumps but good thing the price became more stable even if we are on bearish state but for sure when halving comes and the hype will start growing we will get a strong support that can give the best figure for Bitcoin to came.

[OrangeII]

We can't figure it out who's having a big wave of market jump until we have the 2020 halving. It is an amazing performance and what a passive result after 2016 halving but maybe this coming halving show more compared before. Quite a puzzle by then, not sure if this year we could experience another bull run or not cause it all depends on market support level.

actually not many people are aware that halving in 2016 will be very big, and now people are already preparing for halving in 2020. we don't know what will happen in 2020, but if we want to compare halving that happens in the year 2016 and 2020, then we need to wait for halving to occur in 2020. However, it will also have the same impact, but halving in 2020 can be the impact of a larger price increase.

[metenjean]

New year bitcoin keep with lower price, nothing can make bitcoin keep higher price because until this time bitcoin never grow to higher price. Just have moment where bitcoin exist with lower price only and become dreaming when hope bitcoin above $16k.

[milewilda]

The difference is price was much lower back in 2016 so when people wanted to buy the price went up very quickly, nowadays the price is so high that there are people who mine it for free (not really free but you get it) and sell 1800 bitcoins a day just from zero and there are traders and there are people who want to sell and all of those bitcoins being sold has to be covered by people who just want to invest, that's it, so it is not easy to do that right now when bitcoin is thousands of dollars.

Yes, it may still go up and we can still have bitcoin at over 20 thousand dollars one day, there is nothing stopping that and enough attention is given to bitcoin but that doesn't change the fact that increasing the price in 2016 was much simpler.

   Bitcoin is the most dominant coin in crypto-market, one day entire market will rise and Bitcoin will get back to 20k. What stops Bitcoin
to get there? Bitcoin needs more attention, higher demand, and then people will rise their sell orders and it's how price is growing.
   I think that investors are bullish, Bitcoin still attract more investors towards it and this will lead to higher prices. Bitcoin can reach
higher price, but it's not the time yet, we will have to be patient and wait for that day.

This is the last day of the year and we cannot see some great pumps but good thing the price became more stable even if we are on bearish state but for sure when halving comes and the hype will start growing we will get a strong support that can give the best figure for Bitcoin to came.

We dont need hype but rather i would prefer on seeing a stronger foundation when it comes to price which it cant be easily affected with large spikes like up and downs but those are just hopes yet
this is an impossible thing for an uncontrollable market so as expected these things do happen randomly basing on current fundamentals that would happen along the way.
One things for sure that past wont be similar to the future.There might be some glimpse back but not totally relying for it to happen again.

[Distinctin]

We can't figure it out who's having a big wave of market jump until we have the 2020 halving. It is an amazing performance and what a passive result after 2016 halving but maybe this coming halving show more compared before. Quite a puzzle by then, not sure if this year we could experience another bull run or not cause it all depends on market support level.

actually not many people are aware that halving in 2016 will be very big, and now people are already preparing for halving in 2020. we don't know what will happen in 2020, but if we want to compare halving that happens in the year 2016 and 2020, then we need to wait for halving to occur in 2020. However, it will also have the same impact, but halving in 2020 can be the impact of a larger price increase.

Yeah, and it seems to be more surprising than of the previous halving. And I hope that 2020 halving will lead to reaching another ATH that we've been waiting for 2 years after the 2017 bullish market. I know that it seems to be either yes or no but what halving can possibly do, its gonna have a big chance though.

[matchi2011]

New year bitcoin keep with lower price, nothing can make bitcoin keep higher price because until this time bitcoin never grow to higher price. Just have moment where bitcoin exist with lower price only and become dreaming when hope bitcoin above $16k.

It happened before so it's possible to happen again. Though it's not easy as it is but if more investors will start the buying position again then the value will rise back and make more people enjoy the market movements. We just need to patiently wait and make things possible with your engagement around this industry.

[royalfestus]

If we have to consider only 2016 to predict halving outcome then we could be wrong,  it is not a true representative of the expectation for halving. Previous halving before 2016 does not have altcoins even in this size, height of adoption of the space, government regulations, miners reward, number of bitcoin and other crypto related technology like exchanges.   

[Natalim]

If we have to consider only 2016 to predict halving outcome then we could be wrong,<snip>

Very well said, if we can just use the past to be the basis of our prediction in the future, it would be so easy and this whole thing of unpredictability will never exist. Maybe it could be a factor only but things might not happen based on our own expectation, what makes this market pump again is the hype but we have to ask ourselves, is that hype from the upcoming halving is enough for investors to be investing again like the last time?

[Capt00]

I think halving is pretty much priced in so I'm expecting the price to dump when we get closer to halving so that institutional investors can create liquidity for their positions while retailers get bullish for halving. I'm looking forward to another bull market heading into the price discovery process after a pretty hard stop loss search.

https://www.coindesk.com/bitcoin-halving-2016-will-price-rise-fall
We may also suffer dumps after halving as it happens last 2016 block rewards and as expected all the time change. But we also think that people have already educated themselves and could trigger a different outlook for this year. As have been said and most people are thinking of a promising market this year, not a declining one.

[Jiyens3]

Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/

when we see the history, you alright bitcoin when halving in 2020. but many people said that halving make no changes include the bitcoin price. so we can see the history that bitcoin halving in 2016 then bull run happen in 2017, bitcoin increase high price in 2017 after one year halving happen. so in my own opinion bitcoin will halving in 2020 but not increase high price

[angryswamp]

I think halving is pretty much priced in so I'm expecting the price to dump when we get closer to halving so that institutional investors can create liquidity for their positions while retailers get bullish for halving. I'm looking forward to another bull market heading into the price discovery process after a pretty hard stop loss search.

[potatopower]

The thing about halving is that it increases the mining complexity, because supply is still reducing the market the same way. That will inevitably lead to price rises, even if it's a little bit. And with idea and people looking forward to it so that they can make some profit from it, they are starting to invest and buy more bitcoin and keep. And that contributes to a possible price rise as well. So even if halving doesn't add anything or drastically change the price, it provides an incentive for people to push them to spend more and buy more bitcoin so that they can benefit from it and that leads to price increases.