The 2020 Next Bitcoin Halving vs The 2016 One

[Asmonist]

The 2016 was really a big hit for bitcoin holders. This 2020 is a very exciting one. We'll always hope for the best. It can either surpass the way 2016 had or just make it the same. Either way all we hope is a great price to get a higher returns.

[Haunebu]

In my opinion, we'll see an instant increase of 20-25% of prices, and then over the next month, it'll go up 50% and stabilize around there.

Have to disagree here. BTC has already reached $20K and scaled back in value ever since. The upcoming halving event will most likely help it touch a new ATH surpassing the previous high due to the hype surrounding this event.

This is not an ETF decision which may or may not influence the price. Expecting a 200% jump in value is rational due to world governments embracing blockchain tech and companies like Facebook, Google coming up with their own digital payment methods.

[smyslov]

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?

People expect to much in the coming halving, there's a possibility that it could happen, only a possibility but not a guaranty, every volatile market can not guaranty a particular scenario, it's just good that apart from the coming halving, we have some good news popping up from time to time, if the price of Bitcoin double or triple it's not only about the halving, it's because a lot of good news and adoption.

[Shenzou]

The thing about halving is that is increasing the difficulty of mining, so the supply is decreased the demand still the same and that will eventually lead to an increase of price even if it is just a little, and with idea and people looking forward to it so they can make some profit out of it they start investing and buying more bitcoin and holding, and that also leads to a potential price increase, so even if halving does not add something or change the price significantly it creates an idea for people that push them to invest more and buy more bitcoin so they can make profit from it and that leads to price increase.

[Google+]

halving differences that might occur in 2020 I am sure that many people will take advantage of moments like this to make a profit because many new traders and old traders are learning from what ever happened when halving and they know that the existence of halving bitcoin will make the miners will it is very difficult to do mining because of the increasing blocks that have to be solved by bitcoin miners which ultimately makes the price of bitcoin expensive because it is difficult to get bitcoin.

[alyssa85]

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/

Based on what happened to litecoin, I'd say no.

The previous litecoin halving in August 2015, litecoin went from $1.12 to $8.72 before falling back to $2.55.

But in the 2019 halving, it rose to about $150 and then fell back to $60 - significantly below the all time high of $360.

[cryptoangel]

The 2016 was really a big hit for bitcoin holders. This 2020 is a very exciting one. We'll always hope for the best. It can either surpass the way 2016 had or just make it the same. Either way all we hope is a great price to get a higher returns.

We are all the waiting for the next halving on Bitcoin, But we can't predict the future destination and passed destination is easily said everyone. So before to start next halving we need some big investors or some country support. I hope further years Bitcoin will going to moon and other altcoins also going to peak.

[hatshepsut93]

There's also some differences - this time we had a bulll run nearly one year before the halvening, when the price went from $3,500 to $14,000 in a couple of months. This shows that the market players strongly anticipate the halvening and it's already getting priced in. Though judging by how stagnant and slightly bearish the market has become, it looks like there's also a lot of potential for bullishness caused by the halvening.

Also, in 2016 we went from 25 BTC per block to 12.5, and now we'll go from 12.5 to 6.25 - while the relative change is the same (two times), the absolute change is smaller, so the effect of supply reduction will also be smaller. Maybe the next bull cycle won't be as big as the previous one.

[Golftech]

The 2016 was really a big hit for bitcoin holders. This 2020 is a very exciting one. We'll always hope for the best. It can either surpass the way 2016 had or just make it the same. Either way all we hope is a great price to get a higher returns.

The halving period gives hope for every holders and believers that the market will again be on its bull run status. A lots of speculations are surfing around regarding to the possibilities of gaining much higher than the last time high.  Though it's still in the hands of investors and big players to
whatever directions the market will proceed. Looking forward to see much clearer directions after this year.

[AbuBhakar]

There's also some differences - this time we had a bulll run nearly one year before the halvening, when the price went from $3,500 to $14,000 in a couple of months. This shows that the market players strongly anticipate the halvening and it's already getting priced in. Though judging by how stagnant and slightly bearish the market has become, it looks like there's also a lot of potential for bullishness caused by the halvening.

Also, in 2016 we went from 25 BTC per block to 12.5, and now we'll go from 12.5 to 6.25 - while the relative change is the same (two times), the absolute change is smaller, so the effect of supply reduction will also be smaller. Maybe the next bull cycle won't be as big as the previous one.

I also see it as a big difference since before on 2016 the ATH didn't happen yet many are still holding on to their bitcoin and didn't sells it yet, but in year 2017 the market became in bull run so the tendency is some holders already sell their BTC. If the 4 year difference of 2016 - 2020 will be able to get new investors. Or will see if 2021 will be like 2017.

[kaya11]

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?

We can just only hope but we can't expect that bitcoins price movement will be the same as last 2016 halving. The situation back then is really different from now, and there are many factors that are needed to be considered right now before we speculate that bitcoins price will double or even pump during next year's halving.

What are those difference? Halving back 2016 and incoming ones? What are the factors that need to be considered? Can you sight few that may help OP or the whole community. As me myself also wants to know, because i am having doubts what to do- increase my BTC or sell in beforethe halving comes.

[Fappanu]

Bitcoin has pumped in the price since many people have gained awareness of it because of legit ICOs that have provided huge rewards to bounty hunters in recent years. So I think this is one of the reasons why bitcoin prices are rising so well. And in my opinion, I don't think that bitcoin will be as high as it is today because ICO bounty campaigns are gone. And many scammers are taking the advantage to scam people on thier fake ico

[1Referee]

Also, in 2016 we went from 25 BTC per block to 12.5, and now we'll go from 12.5 to 6.25 - while the relative change is the same (two times), the absolute change is smaller, so the effect of supply reduction will also be smaller. Maybe the next bull cycle won't be as big as the previous one.

The values are different, that's what matters.

At 12.5BTC the inflation in us dollars at today's rate is ~$5.6 billion a year.
At 6.25BTC the inflation in us dollars at today's rate is ~$2.8 billion a year.

For an asset so illiquid that's an immensely bullish outlook. Back when we had the halving from 25 to 12.5BTC the values were a joke. The larger the market grows, the more money you need to sustain the same price levels, so every reduction in block reward will have a massive impact long term speaking.

As for the next bull cycle not being as big as the previous one, that's entirely possible but not so much related to the block rewards or any other fundamental aspect. Hype always drives prices much higher than we all expect, and the panic and fear afterwards drives the price much lower than we expect.

[chaoscoinz]

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/

As they say brother, nothing is written in stone. When dealing with history, the past has a pretty good tendency to repeat itself but not indefinitely. Things are subject to change. In light of remaining optimistic, I would certainly hole that the price rises, as this would indicate a bull run. We could sure use one of those right about now!
   Only time will tell what will really happen after the initial block halving again.

[S4VV4S]

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/

In the article, it was said that the possibility of the next Halving Bitcoin would be the same as what happened in 2016. And I also believe that. The price of Bitcoin can exceed $ 20k after Halving occurs, we wait for that moment. For Miners I think they will continue their work for Mining Bitcoin even though the rewards are reduced half to 6.25 per block.

[jets567]

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 think most of us here are hoping for that to happen but nothing is for sure because the market is so volatile and based on the histor of Bitcoin the price goes up after 1 year of halving which is still far from now and a lot of events may occur during this time. So, for now let's just hope for the best and think positive for Bitcoin's bright future 

[Hamphser]

Peolpe are waiting for this halving too much. This can cause even price drop instead

That's too much for a skeptical people just like you.
Do you think it would create a FUD instead?
Although most of the time bitcoin halving won't take an immediate effect because if you're going to notice on the previous halving, it takes too much time before the real effect move the price to the moon.

[Johnii]

In my opinion I don't want to compare between the coming halving and the previous ones since Bitcoin back then was a tiny asset and crypto industry as a whole was unknown for community. The next halving will be coinciding to the popularity Bitcoin and crypto has gained so far plus the huge crypto infrastructures and mainstream media that will set fire to the engine of price to skyrocket next year.

[kryptqnick]

If we look deeper into it, the price went up a month prior to halving, whereas after the halving it actually went down 20% and did not reach the previous result of $800 for 5 months. Not to mention that all that was far behind the ATH, which was reached in November of 2013. So if that's what awaits us, it's not the best thing, really. I mean, there might be a 2x price increase, but it will not last for long if 2020 follows the pattern of 2016. And waiting for half a year for things to change for better is a long time. And unfortunately, it's hard to find data about the halving prior to 2016 due to the lack of data, while relying on one such event does not make much sense.

[ChrisPop]

I believe that the halvening is pretty much priced in so I expect the price to dump when we get closer to the halvening so the institutional investors can engineer liquidity for their positions while retail traders get bullish for the halvening. After a pretty harsh stop loss hunt I expect another bull market leading into the price discovery phase.