Save the date! May 2020 - Bitcoin price will explode ?

[texgeek]

Hello guys,

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)
 
We cannot confirm any value prediction $  .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

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[Crypto one]

More than 82% of all bitcoins are already mined, people who want to hold a whole bitcoins or more, are going to be missing out if they not start to invest soon.
The price of bitcoins will most likely be higher when we reach next halving.

[OddEvenBets.com]

When reward for block will be 6.25BTC price will rise..
Reward for mined block - down = BTC price - up.
Is it right?

[Don Pedro Dinero]

 

~snip

That’s the most likely scenario but we cannot know beforehand if there will be some major event around that time that will draw the price down.

probably will be a very good investment looking long term ( ~2 years.. with this information)

2 years is not long-term, it is mid-term at most.

I think long-term expectations have to based not only on the scarcity of bitcoin and its non-inflationary nature, but also on how useful it is going to be as a peer-to-peer cash system and/or as a store of wealth.

[blockman]

By that time bitcoin will become more of a store of value and this is my another hope, not with those ETF's though it will give some help too. I've witnessed the last halving and I can say that it created positive impact to the price so it can happen again with the next halving on 2020. I already saved the date and this is the one that I'm boasting to my friends who are laughing to me right now just because they only see the correction for this year.

[Pursuer]

first of all bitcoin won't be "more rare"! there currently is ~17 million bitcoin in circulation and by the time the next halving occurs there will be a bout 18.375 million bitcoin in circulation and will continue to grow. so you can't say it will be rarer because of halving.
what block reward halving does is that it slows down production of new coins.

secondly price doesn't have to rise because of halving. bitcoin have always risen based on more adoption aka demand for bitcoin not because of its supply. the limited supply contributes to more rise but the real reason is that demand otherwise the supply is growing with or without halving.
additionally there has always been a hype about halving which has led to a sudden rise due to speculation prior to halving. it usually happens 1 or 2 month before it so you can't plan for "May 2020" for this reason that I mentioned and also because finding blocks is a chance thing, the time is not fixed it may take exactly 2 weeks to find 2016 blocks or it may take longer or shorter which will change that date.

[Binugon]

Hello guys,

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)
 
We cannot confirm any value prediction $  .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

When a lot of bitcoin price demand tends to rise because it has deflationary properties, I don't think it will wait in 2020, but at the end of the year bitcoin will also experience a substantial price increase, it cannot be predicted exactly, I expect people to invest with bitcoin and not much trade in fiat currency.

[rodalutor]

It's a fairly simple thing to observe and it's happened on all previous halvings, although I think it was with a little delay. From an economic point of view it's simply a case of reducing supply leading to a price increase.

[LoyceV]

The block reward was halved twice already, and in both cases, it took about 4 months for the Bitcoin price to shoot up. If history repeats itself, that would put the price explosion around September 2020, more or less 2 years from now.

[Gozie51]

From an economic point of view it's simply a case of reducing supply leading to a price increase.

Yes that is what it looks like from that view but what if we consider technical growth and choices. For instance, humanity have been known to not be certified with a certain hardship or hard situation. If such scarcity come in bitcoin, don't we think another choice could be made?

We have plenty of choices in etheruem and litecoin.

Again do we still remember that when transaction fees for bitcoin was very high, investors and traders found something nice with relying on etheruem and litecoin which was the major reason I think that gave those coins an ATH at that time.

[cabron]

Its bound to happen after halving but now that there are more coins to invest with, changes can happen too. Not saying that BTC will not rise but it may not be the price we expect like going up more than $20k like the previous pump. There are just too much coin that are more useful not to mention ETH which we can say popular and that there is an assurance of profit and the obvious is that individuals who has no millions of USD can still afford to invest.

[nl247]

I am very sure before then we would have started seeing a huge momentum in price movement upward and I am sure that would really be some year to really look forward to. Most of the time, the halving have always brought about some crazy buying spree in the market and without doubt, looking at the fact that some bullish momentum still points toward this date in the long run, I would say it is still very possible to see this happen. I am sure a time will come even without the halving, that people would really demand for bitcoin a lot and that would skyrocket the price hugely.

[BitHodler]

Let's pretend the price explodes on the date you think it will, you sell and then what? You have wasted so much time waiting for something just to lock in some profits. Try to see why Bitcoin is useful and use it.

Bitcoin's biggest gift to the world is that we have a way to hedge failing governments and the financial system. Don't always focus on fiat gains, but try to increase your BTC stack instead.

It's not for nothing that BitMEX has gained a tremendous amount of popularity. People can bet on Bitcoin and altcoins while using BTC to settle all trades, meaning, you'll get your profits paid out in Bitcoin as well.

[Lucius]

texgeek, halving 2020 will probably have an impact on the price, but not when halving occurs - it will take some time for that, same as was the case in halving 2016. It is hard fact that daily production will go down from current 1800 per day to "only" 900 BTC per day, so less new coins will come to market, but still there will be almost 3 million coins for mining and for most people this is very big number.

Much more interesting things will start to happen when almost 99% of all BTC is mined, but that date is around 2032 and 4 more halving to go - for some people too long time for waiting.

[1Referee]

Its bound to happen after halving but now that there are more coins to invest with, changes can happen too. Not saying that BTC will not rise but it may not be the price we expect like going up more than $20k like the previous pump. There are just too much coin that are more useful not to mention ETH which we can say popular and that there is an assurance of profit and the obvious is that individuals who has no millions of USD can still afford to invest.

Bitcoin is useful in its own way, and not one single coin can match that. Bitcoin is enjoying so much superiority, that we can't even talk about proper competition.

Ethereum isn't even competing with Bitcoin because it has different use cases and a much larger field of competition to deal with, and we'll find out during the next boom which of utility platforms will be the dominant one. It's easy to say Ethereum will be, but don't disregard EOS & Co. Ethereum is facing serious scaling challenges, which is something its competition isn't dealing with.

If we're purely talking about returns, I am more bullish on EOS & Co than on Ethereum.

[pitiflin]

Let's pretend the price explodes on the date you think it will, you sell and then what? You have wasted so much time waiting for something just to lock in some profits. Try to see why Bitcoin is useful and use it.

Bitcoin's biggest gift to the world is that we have a way to hedge failing governments and the financial system. Don't always focus on fiat gains, but try to increase your BTC stack instead.

It's not for nothing that BitMEX has gained a tremendous amount of popularity. People can bet on Bitcoin and altcoins while using BTC to settle all trades, meaning, you'll get your profits paid out in Bitcoin as well.

In other words, just use bitcoin for it was created for, not for a speculative asset.

Let's pretend the price explodes on the date you think it will, you sell and then what? You have wasted so much time waiting for something just to lock in some profits. Try to see why Bitcoin is useful and use it.

Well, people think hodling is going to help them retire at age 30,so what's wrong with waiting for 2 years, if they can enjoy for their rest of their lives. This is exactly what people think of bitcoin and nothing but that. The whole community's view of bitcoin needs to change, but I doubt if it ever will. And even if it does, bitcoin might never go back to 20k$,let alone 100,000$ and I million. Because the global economy won't be able to survive a currency that is so volatile,and is widely spent, other currencies or even economies might collapse to it.

[Febo]

Hello guys, save the date! May 2020 - Bitcoin price will explode ?

Looking for some "predictions" about bitcoin future i found/remember a good not so new information... and I'm writing this because maybe someone does not know about and have an interest in this information.

Today on a good number of blocks mined using bitcoin blockchain miners got a 12,5 coins, and aparently this will be reduced to 6.25 coins on May 2020, as you can see here https://www.bitcoinblockhalf.com/ and if you want search code on git, you can found also

Im already moving a good part of my investments to bitcoin, first, because i believe on this technology and second, probably will be a very good investment looking long term ( ~2 years.. with this information)
 
We cannot confirm any value prediction $  .. but bitcoin will be more "rare" (its more hard to obtain one) , and with this "rare" effect the price maybe can be increased.

what do you think guys ?

Price will not explode at that time but for sure we will be long in the Bull market by then.

[Deeyoh]

I've always thought of it like this.  No more than 21 Million people in the whole world can own 1 whole bitcoin.   Chances are, it's much less than that when it's almost done mining due to lost keys and some that won't move.     

Just a quick google and there are over 36 Million--millionaire's in the world.  Yep, 1 BTC will rise substantially with adoption.

[cellard]

The block reward was halved twice already, and in both cases, it took about 4 months for the Bitcoin price to shoot up. If history repeats itself, that would put the price explosion around September 2020, more or less 2 years from now.

It can also happen the opposite: the anticipation of the halving and people expecting the price to go up due the decrease of inflation may make some buy months before it actually happens, starting the bullrun way earlier than the actual halving date, since they just try to outbuy each other trying to get before the rise begins, so this causes FOMO.

I believe a lot of people are waiting for the right time to enter in Bitcoin and the mental deadline is the halving of 2020, so they have to get in before that date, the more they wait the higher the risk of missing the bottom (assuming we haven't bottomed already)

[figmentofmyass]

secondly price doesn't have to rise because of halving. bitcoin have always risen based on more adoption aka demand for bitcoin not because of its supply. the limited supply contributes to more rise but the real reason is that demand otherwise the supply is growing with or without halving.

yep, supply is only one side of the equation. all else equal, when supply drops, price should rise. but if demand for bitcoin is actually dropping by the time the halving comes around, that'll be reflected in the price as well.

given the long term uptrend, i'm assuming the halving will take place in the context of a bull market. but i try to keep an open mind about these things. one truism about markets i've learned over the years is that when everyone expects the same thing, it doesn't happen.