Forget Bitcoin Halving!

[Wysi]

It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:

2. Implementation of bitcoin to the largest coffee shop (Starbucks)

In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support  

This will definitely give more confident to potential investment and that's the only way we will get benefited as it will pool in more investment but as far as using bitcoin as payment for Starbucks even I don't think people will prefer it because of volatility and it's not the quickest way of payment.

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[Getmon]

No one will forget Bitcoin halving because it is as special as the FIFA or the Olympics Games. It happens only every 4 years. And the anticipation is really high. People's imaginations are awakened because of the Bitcoin halving happening in 2020. They are salivating even if they are not even certain that it will cause a big pump.

It is one thing to read Starbucks now accepting Bitcoin and another to read customers start using Bitcoin to pay for their favorite Starbucks coffee. The one is good, the other is better.

[Pearls Before Swine]

Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price.

Huh, I wasn't aware that starbucks had announced that so thanks for the heads up.  I'm not sure how much of an impact that's going to have on bitcoin's price, tho.  Every other time some big retailer has started accepting bitcoin it hasn't exactly led to a long lasting price increase.

The halving is pretty important in my opinion, and probably more important than the starbucks news.  Bakkt had an impact on the price, but it's hard to tell if it was good or bad because there was a major swing since they launched.  In their first week or so the price crashed like $2000 but has since recovered.  Anyway, bitcoin's price might already have adjusted for the halving and if it hasn't then I'm not sure if it's going to see a significant increase. 

I recall the last halving when bitcoin started to rise well before the actual event, and it could be the same this time.  It's hard to tell and I haven't read anything about it from economists or people who would know.

[elisabetheva]

It's very good news to make us more confident, but I don't exactly the impact in price, I'm just skeptical about one item:

2. Implementation of bitcoin to the largest coffee shop (Starbucks)

In my opinion, people always like the idea of companies accepting BTC, but no one pays with BTC and companies stop the support  

This will definitely give more confident to potential investment and that's the only way we will get benefited as it will pool in more investment but as far as using bitcoin as payment for Starbucks even I don't think people will prefer it because of volatility and it's not the quickest way of payment.

As long as there is a very positive change in bitcoin, everyone will be happy to hear the news and will continue to invest in bitcoin. the potential of bitcoin is still the best for crypto and will continue to grow on its own. for payments with bitcoin is a progress in itself, but there are still many who have not and feel that the method of payment with bitcoin is the best solution.

[GideonGono]

bitcoin adoption is growing and that is the only reason why its price have ever increased and will continue to increase. in other words you should never even think about halving because halving has nothing to do with adoption (aka demand) but only influences the supply.
things such as adoption of bitcoin by a big chain like Starbucks is a good indication of adoption and that is also helping it in the future (the growth of it) which is why it is important for the price rise.

Also by the use of large company can increase the potential of other company to use it too if it will succeed. Starbucks customer has also encourage to invest from bitcoin on its curiosity and also to increase the popularity of bitcoin and that was the advantage of adoptation of Starbucks about bitcoin.

[Saint-loup]

Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price.

Huh, I wasn't aware that starbucks had announced that so thanks for the heads up.  I'm not sure how much of an impact that's going to have on bitcoin's price, tho.  Every other time some big retailer has started accepting bitcoin it hasn't exactly led to a long lasting price increase.

The halving is pretty important in my opinion, and probably more important than the starbucks news.  Bakkt had an impact on the price, but it's hard to tell if it was good or bad because there was a major swing since they launched.  In their first week or so the price crashed like $2000 but has since recovered.  Anyway, bitcoin's price might already have adjusted for the halving and if it hasn't then I'm not sure if it's going to see a significant increase. 

I recall the last halving when bitcoin started to rise well before the actual event, and it could be the same this time.  It's hard to tell and I haven't read anything about it from economists or people who would know.

  So you really think there are people who are able to predict the price of Bitcoin several months in advance?     
Who are these people? They should be the wealthiest people of the world... 

[nreal]

People are often excited about bitcoin being applied in practice as it is used for payment at Starbucks. The reality is that there are many websites and e-commerce platforms that accept payments in Bitcoin or other cryptocurrencies, but recent trends show that they are rarely trusted. As a result, some websites are starting to eliminate cryptocurrency payments.

[kryptqnick]

Oh no man! Nobody ever gets to forget the Bitcoin halving that's gonna come our way on May 2020.
Sure anything positive in the crypto market like implementing a consumer app to pay Bitcoin for coffee purchase in Starbucks, will make a huge impact, specially with the price. But , If you take a look how the 1st and 2nd halving took where the market now, you wont be able to resist from remembering how remarkable the Bitcoin reward halving is.

Halving is half a year away. It can be a trigger of higher prices, but it's not going to be here anytime soon. So maybe focusing on something that's happening these days is a good idea. I got a question about Starbucks, though. I remember reading articles a while ago, that Starbucks accepts Bitcoin when you want to pay with it, but does not publicly admit it. So this is not the first step of this company towards Bitcoin, and moving to Bakkt will probably give more fame to Bakkt than price ups to the actual Bitcoin market. I think in this sense Bakkt is kind of like Libra (not affecting the market directly). So taking this into account, maybe halving is something to look forward to, even though it's months away.

[Yaunfitda]

Lol, historically bitcoin halvening proves to be the catalyst for an eventual bull run, just like we have witnessed in 2017, so how dare you say that we forget about it? Laughable.

I would agree that the news you mentioned might bring bitcoin price to the next level, however, those are just minor compare to block halvening in 2020. All eyes are set on it next May, but don't expect the price to go to the moon overnight, might take weeks or months before we can see the effect. Also remember the Bakkt support of Starbucks will happen mid 2020.

All of these efforts amount to supporting the flywheel that drives broader acceptance, which is at the core of our mission that we will continue to bring to reality in 2020. Over the last year, we’ve assembled a strong team of payments engineers and are nearing completion of our core payments and compliance platform. We’re now focused on the development of the consumer app and merchant portal, as well as testing with our first launch partner, Starbucks, which we expect in the first half of next year. Don’t forget — you can receive exclusive pre-launch updates and early access to the consumer app by signing up for updates from our team.

https://medium.com/bakkt-blog/unlocking-the-value-of-digital-assets-bdda43214720

[buwaytress]

Billy Bamborough could be a genuinely good writer, and he's riding his Forbes credentials pretty well on most days, but he probably ruins his good stories with this kind of drivel.

I couldn't agree more that Libra should never have been in the Bitcoin equation... but if you believe that, then you surely believe that Starbucks adoption can't have any impact either.

Besides, we all know that kind of adoption's got nothing to do with actual Bitcoin acceptance. It'll just mean another high-profile customer for BitPay (or some other 3rd party processor). So what?

[Haunebu]

Your title is misleading op. You mention 'Forget BTC halving' and describe it as the hot news which is why you seem to be confused here and its best if you edit the title asap to something BTC bullish catalysts etc.

The biggest bullish news in recent times is President Xi acknowledging the importance of the blockchain(Not BTC) which itself was a factor in helping BTC rise in value recently. Just imagine where it could go before and after the halving event. No crypto enthusiast will forget this op.

[ChrisPop]

I believe that the main fundamental factor that makes Bitcoin value appreciate over time is the limited supply not just the halving coming because after all it is a deflationary currency and the supply is virtually shrinking each day.

[Harlot]

Let us remember that during BAKKT'S launch it failed the hype we expected it to have and it didn't really gained much traction we are expecting it to have. So even if Starbucks' partnership with BAKKT becomes successful I don't even think that it can translate to any kind of price increase in Bitcoin's value. External factors like this to be more effective is it must translate into demand for the cryptocurrency not just hype, without the demand backing it up then there is no new money coming in the market all we will just have are our existing funds trying to push the prices among ourselves.

[YuginKadoya]

I think Bitcoin halving is a different story than some major adoption that can occur and besides, there is a sure pump that may happen regarding the events of the halving, But I think we need to consider all possibilities of a major pump, people can not forget the halving in 2020 because of what happened on the recent halving, but we need to embrace all major possibilities of adoption and changes Bitcoin may give us I think we need all help we can get.

[xiboothrezi]

Your assumptions are excessive. It is true that all this can happen, but the opposite also has the same opportunity, bitcoin can be worthless if you are too confident without preparing risk factors, you will be trapped in disappointment.
Well, halving bitcoin is one of the booster cryptocurrency fans have been waiting for to get a surprise, this can't be passed away even though there are other reasons that are expected to be boosters, for example, mass adoption that makes bitcoin closer to daily life. Whatever it is, we must take advantage of the opportunity, don't just stick to one thing, be flexible and be willing to accept any input, accept the good and ignore the bad. dwyor.

[Ryker1]

Well, crypto enthusiasts, people are waiting on this very promising event and I don't think they will forget the next halving that gives hopes to everyone. Even BAKKT has failed to become a bitcoin price increase I think this next halving was the answer to become bitcoin have a mass adoption or become legitimate from other countries and not to be banned. We are near that event that happens let us just wait for the result and let the time speak alone.

[TravelMug]

Well, crypto enthusiasts, people are waiting on this very promising event and I don't think they will forget the next halving that gives hopes to everyone. Even BAKKT has failed to become a bitcoin price increase I think this next halving was the answer to become bitcoin have a mass adoption or become legitimate from other countries and not to be banned. We are near that event that happens let us just wait for the result and let the time speak alone.

I guess the hype around Bakkt is no longer there that's why it didn't put a dent on the price of bitcoin. And now we go on the next catalyst here which is the block halving.

@Haunebu - I'm still not sold on President Xi statement that really trigger the latest growth we have. Maybe manipulators just ride on the news to look at if China is going make a U-turn again. And then the FOMO sets in. I think the most important boost here will be coming from block halving next year.

[jossiel]

I'm leaning on bitcoin halving and that's okay if everyone is starting to talk about that since we're just a few months into it. The impact of it has been known to be positive base on the past halving that we've been through.

That's the reason why everyone eyes and hopes that it will bring significant demand for bitcoin. But you're right that we can't just deny that those factors that OP has mentioned which is a sign of an upcoming adoption.

[crzy]

There are so many good news to come and all of them can affect the price movement of bitcoin and halving is one of those good updates with bitcoin. We have to consider every updates as a new challenge to us because we can’t know if the price will go up or not, Starbucks is a big company it will be good if this will happen around the world.

[Google+]

what I know is that if it is halving day then I think there will be a process of increasing the level of difficulty of mining to get bitcoin because it will be increasingly difficult to get and produce bitcoin, while for the information from the images you describe I think it's just a coincidence that Starbuck has started implementing digital payments by using the bitcoin platform and I think we as traders have no harm in using this moment of price increase to grow my assets by selling it when there are good moments like that because surely the price will increase.