piebeyb
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November 28, 2019, 06:36:38 AM |
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actually it's only a matter of time, I always see that every 4 years bitcoin always does the same thing and it always ends dramatically, so why do people panic sell to buy it even cheaper, I'm worried they are waiting for a cheap bitcoin price but no longer do they see cheap prices for bitcoin as before, it will be painful to lose train tickets, soon in 2020 we will see a lot of great things there, at least other surprises
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slaman29
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November 28, 2019, 09:08:18 AM |
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Yeah I think people have to remember one thing. Halving is about scarcity, a reminder that we are generating less and less. But there is for me the most important thing to understand also. And that is that supply and scarcity actually don't seem to make a lot of impression on people's minds when it comes to demand and therefore the price they set on it.
Dogecoin is my favorite example. Unlimited supply and yet after all this years people still want to buy it.
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Doranile432
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November 28, 2019, 09:20:47 AM |
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I don't think coin halving will have any impact on BTC price and their won't be any surge in price. See ethereum hard fork is coming in start of Dec 2019 and we haven't seen anything yet in eth price. These are news of early days and today investor is very cautious about speculations. As many have lost money on rumors.
Halving is different from hardforks pal, on eth part you shouldn't expect any price surge because the hardfork have not taken place and do not expect bitcoin to surge when the halving have not taken place as well
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carlisle1
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November 28, 2019, 09:35:33 AM |
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I don't think coin halving will have any impact on BTC price and their won't be any surge in price. See ethereum hard fork is coming in start of Dec 2019 and we haven't seen anything yet in eth price. These are news of early days and today investor is very cautious about speculations. As many have lost money on rumors.
\we are talking about Bitcoin here and how come that Ethereum is being compared?lol hard fork is too far different in Halving better read the OP first before making any comment. Halving will open another chance to Bullrun covering the whole market prices with good effect so those who are keeping their trust?be glad because we will be seeing a new High for all time this halving.
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alyssa85
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November 28, 2019, 11:07:55 AM |
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After this halving, the coinbase reward will drop to 6.25 BTC. The price then has a direct affect on miner profitability. Historically this has been taken care of by the bull run. This time around Bitcoin is no longer new. It has become pretty mainstream. I think the affect on price now can only be driven by institutional investors.
This in turn is driven by whether institutional services for bitcoin can be a source of profit or not. The major institutions involved now are exchanges, trading apps, DAO like MAKR etc. If they are making a profit on their activities, they'd like to hoard more BTC to provide services to a wider consumer base. This is something we will come to know just before the halving.
This can be pretty much a moment of truth because BTC will be going into this halving with full mainstreaming. Its no longer a novelty that will make people invest before they can understand it. For the common population of developed countries, who are running the risk of losing savings to Govt debts, i think BTC is a must-have hedge. BTC is going to be integrated into its own peer-to-peer economy and it will continue to hold value as its economics is not limited by national borders and trade agreements.
The Litecoin halving in August was the canary in the mine. The price surged in the run up to the halving, in the belief that things would be just as last time. And then fell as people took profits. It was about $150 just before the halving and is now $50. Bitcoin might be the same - a surge in anticipation of the halving and then a lot of profit taking.
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BitcoinsGreat
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November 28, 2019, 11:20:57 AM |
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The 2020 Bitcoin Halving Event is one of the the important milestone event in Bitcoin's history. 6 months after the last 'Halvening' Bitcoin began the epic run in 2017. Contrary to popular beliefs, The next halving will take a similar route. If block rewards are halved, prices have to go up to compensate for it. It might very well be the case. Let's see how it goes though. A bull run isn't certain just yet. I'm keeping my eyes and ears open to get a feel of what the market (traders, users etc) think about the halving event.
If the bitcoin needs to go up to market cap of $1 trillion, then we need to have a massive bull run. It is not possible for bitcoin to move to this marketcap, without a bull run. Also after the last two halving, everyone is accepting a big bull run again. I am not denying the bull market but there can be some opposite reaction to the people expectations. Its just a fear, i hope it does not happen and we experience another great bull market.
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buwaytress
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November 28, 2019, 01:12:13 PM |
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Yeah I think people have to remember one thing. Halving is about scarcity, a reminder that we are generating less and less. But there is for me the most important thing to understand also. And that is that supply and scarcity actually don't seem to make a lot of impression on people's minds when it comes to demand and therefore the price they set on it.
Dogecoin is my favorite example. Unlimited supply and yet after all this years people still want to buy it.
Probably quite true. We've all seen those super low supply coins also fail to hit it off. If you're talking about psychological effects on scarcity, it's only temporary. Maybe economics sees it differently but 21 million bitcoins is less scarce when you take into account each has 100 million satoshis. Today, those satoshis are already worth something. If maximalists prove to be correct and we get the $1 million dollar Bitcoin, then 1 satoshi = 1 cent. With sub-satoshi payments also a reality already, we can keep dividing units into sub units.
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Reid
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November 28, 2019, 03:02:11 PM |
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So, what is this really about? Are you just stating what is already known for a decade? Yeah, the halving could be something that could change the value of bitcoin since miners needs the money also to pay for their bills. But, it is not just about that. There could be miners that do it for future preferences. Bitcoin could be the next valuable asset and that means more money to them.
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CarnagexD
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November 28, 2019, 03:28:06 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmiro.medium.com%2Fmax%2F4246%2F1%2AGtZlLuSd_8IID6EyV_CZzA.png&t=665&c=U613lgAOtBc1cA) Look at this chart for the upcoming block halving and previous block halvings of Bitcoin. Do we think, it will happen again? As we can see based on the chart we are around in reaccumulation stage, hmmmm. Seems fit, a lot of people waiting for another bull run, but on the chart, it is marked around 1st quarter of the year 2020 which is also around the month of upcoming block halving. Chart says it all. The halving is progressive in reflect to bitcoin's price. The previous halving impacted massively on the bitcoin market, therefore there is a high possibility that it would be happening again. Looking at first bitcoin halving reminisces, I could've bought one when it increases for 2000% that time and so the next halving follows that open the gate for the bull run. But with the industry like this anything could happen in different ways, some event is unexpected, what do you expect from this incoming halving? is it like the other runs?
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Eugenar
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November 28, 2019, 03:52:20 PM |
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So, what is this really about? Are you just stating what is already known for a decade? Yeah, the halving could be something that could change the value of bitcoin since miners needs the money also to pay for their bills. But, it is not just about that. There could be miners that do it for future preferences. Bitcoin could be the next valuable asset and that means more money to them.
Basically not all miners would be glad for the bitcoin halving. They aren't even sure how far they can sell because of the market. As we all know, people wants to buy at low rate, and it would be hard for them to do so because of the current market condition. Unless we will start from the dip with a right timing just before the halving starts. But if prior to halving the Bitcoin's market price already spikes. I don't think miners could be happy about it.
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BlacksmithCorporation
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November 28, 2019, 04:42:30 PM |
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So, what is this really about? Are you just stating what is already known for a decade? Yeah, the halving could be something that could change the value of bitcoin since miners needs the money also to pay for their bills. But, it is not just about that. There could be miners that do it for future preferences. Bitcoin could be the next valuable asset and that means more money to them.
I don't think any miner wants the reward to be halved. When the reward is reduced, miners stop working because they are unable to make a profit, which leads to a decrease in mining difficulty, miners. The remaining mines will earn bitcoins easier. The bitcoin network will adjust itself to create a balance.
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