Next Bitcoin Halving will drive the price down...

[Deubberr]

It may or may not, honestly speaking we all hope it can go up, and for me personally, I still have positive thought of it.
There's a lot of factors that can affect the price, but if follow what happened in the past halving, we still have hope

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[tbone777]

Be quite man, you are talking sedition words

[bitbunnny]

I don't think that because of halving Bitcoin price will fall. However, I don't expect that will significantly rise either. The effect of halving will be short term and probably there will be some price rise but small and on the short breath. Im.short I don't have big expectations from halving neither in positive or in negative way.

[btc78]

this kind of threads are expected since we are nearing Halving in May,but the thing is?almost the same issues happening every same season when we are getting closer to this situation.

for me?we are not getting any higher than the previous halving but i know we can find profit still when this day comes and forward.

Be quite man, you are talking sedition words

he was asking mate,and intended to say anything bad at all.

[Lucius]

Correct me if I'm wrong, but most mining is done not by individuals but by big mining operations with lots of rigs.  If that actually is true, then there's no way in hell they're going to get rid of all that equipment and just dump the operation because the reward for mining a block got chopped in two--and it was a halving that everyone knew was coming anyway. 
I think OP might be under the impression that these things take miners by surprise.  Hate to break it to him, but that isn't the case.

OP is saying that he is with BTC from 2011, but his post looks like it comes from a complete beginner. He doesn't realize that mining Bitcoin is a very lucrative business, but only for those who have enough money to make an initial investment. Of course, the location and price of electricity play a crucial role in the whole story.

Let's look at an example of Bitmain (Texas, USA) and what should become the largest Bitcoin mining farm in the world. They will start with 25 megawatts but the plan is to double the capacity after that, with a final power of even 300 megawatts.

So what about ROI in this particular case? Cost for the 50-megawatt farm is from $80 million to $100 million, and with Bitmain Antminer S17 their revenue per year could be $73 million (depending on Bitcoin price). It is quite clear that there are great opportunities to make money in this business, even in the USA where electricity is more expensive than in China.

Halving can only push the price up because reward per block is reducing, of course, demand should rise, or at least stay at the same level as it is today.

[seoincorporation]

If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.

[lizarder]

If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.

During the past few years halving can be one of the impacts for the price movement to be bullish again, as we know that the price movement until now is still in a sideway condition with a strong support that cannot be broken yet.

I think halving could be one of the reasons for price movements to move up again with the death of support at the price of $ 6400 and try again at the price of $ 10,000 at the beginning of 2020.

[electronicash]

if they were mining today while the price is $7K, they would probably mine still if the price of BTC raise up to $10k. this $10k isn't even the ATH yet. once the price of BTC  goes more than $20k, these miners must have sold the BTC which they could reinvest to mining devices. there is no reason for bailing out when its profitable for them besides they'd not mine BTC if their electricity isn't cheap.

[bitcampaign]

my English is bad, do you mean reduce halving block rewards, because I read halving the price, if the price of bitcoin is reduced by half in the next year, I think many miners will lose too many investors and traders out of the market, maybe I think that you the intent is half a block reward, where the prize per block is around 12.5 BTC to 6.25 BTC at halving 2020, miners obviously get very little if calculated for profits will be difficult if the price is below $ 5,000 according to my calculations

[BeManga]

Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.

Thoughts?

its not reasonable for the price to go down because of bitcoin halving
as long as miner continues to grow and support bitcoin the price will always rise because of decrease of the block reward

[Wexlike]

If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.

I don't believe that miners are setting the price. In the end it's a simple supply and demand question. The much more interesting topic will be, if the stock to flow chart will come true as expected.

[ReiMomo]

The first and second halving of bitcoin we experienced a good result but after a several months happen so I guess let say after a year, not on exact date happen on the next halving. To be honest, no one knows what will happen in that event of the next halving. If the first and second was successfully pumped up the price of bitcoin, so, there is a possibility that it will raise up again on this third time. Just let's wait and be ready the possible happen. Accumulate for now and invest that you can afford to risk.

[BigBos]

If we remember the past halving, the price doesn't crash at all... And i have a theory for this. Miners are the big bulls in the market and they decide the bitcoin price. After each halving, we will see an increment on the price because miners don't want to earn less. This is just my theory and not an absolute truth.

I don't believe that miners are setting the price. In the end it's a simple supply and demand question. The much more interesting topic will be, if the stock to flow chart will come true as expected.

Well, I also have another theory about this. bitcoin users are increasing every day, as well as people's needs regarding cryptocurrency. when halving occurs, mining will slow down. This will make the supply and demand for bitcoin increase, and result in price increases. I believe this will happen, and I think the price of bitcoin is less likely to go down when halving.

[DaveWave]

Everything is possible to happen. Bitcoin miners will be leaving if the price remains low. But bitcoin users are also growing all over the world. Many companies are starting to accept it also as mode of payments. These should be enough to sustain bitcoin price and miners will remain believing for a long term increase.

[Rasa nanas]

I do not understand what you mean, it should be that if the production of bitcoin gets slower then the price of bitcoin will increase. if bitcoin becomes more difficult to obtain the miners will sell it at a higher price, and that can be a trigger for bull run. this is market law, my advice is that you should learn about market law.

[johnwest]

I have a friend who thinks exactly like this and is adamant that the price will be down near to the halving. If this is even true for a small part then what might happen to altcoins.?
This argument was there even in the past but the haters are more at this moment.

[darkangel11]

I do not understand what you mean, it should be that if the production of bitcoin gets slower then the price of bitcoin will increase. if bitcoin becomes more difficult to obtain the miners will sell it at a higher price, and that can be a trigger for bull run. this is market law, my advice is that you should learn about market law.

There used to be short term dumps near the previous halvings. It's normal for groups of people to try to take profit to err on the side of caution. Halving is a big event that can cause turmoil if something goes wrong. It's like when you swap engine in your car and take it for the first test ride. Some people will bet on this ride ending in a failure of one of the systems, even if they know the swap was made in a professional manner. With new things there's always that uncertainty if they'll work.
As time goes by and nothing bad happens the investors will come back.

[bamboylee]

I have a friend who thinks exactly like this and is adamant that the price will be down near to the halving. If this is even true for a small part then what might happen to altcoins.?

Lately, the price of altcoin goes up and down with the price of bitcoin. So if bitcoin tanks, so will altcoins. There is nothing we can do about it. Good thing is, bitcoin price normally goes up a few months after the halving. So crypto will be alive again. I expect a better bull run after the halving.

[okala]

Next Bitcoin Halving will drive the price down because the ecological system in which Bitcoin lives will be reduced.
More miners will bail, and it is the miners who are the bone marrow that creates the life blood of block chain.

Thoughts?

Maybe you might need to read the laws of demand and supply again and understand that halving has been following this laws. Bitcoin halving reduce the number of supply that hit the market daily and it is going to affect price by following the dictates of the economics laws.

[exstasie]

Honestly I hope I am wrong and Bitcoin hits 1 million so McAfee will get to keep his weener.
Some may even argue that the halving is already in the price, fair point.
And yes this was said in various forms before prior halvings, I remember well - been in Bitcoin space since 2011, and I remember the fun loving thriving mining community from those days.
But, the narrative surrounding the Bitcoin and reality of crypto economy and its global positioning have changed in a very non linear progression.
The culture of Bitcoin mining went away from enthusiasts and early adapters into a much colder and darker commercial place.
Again, I hope I am wrong but I share what my feelings and intuition tell me.

I still don't see how it's fundamentally different than the last halving. Marginal miners who become unprofitable after the halving will shut down. Other miners will take their place. Looking at the difficulty trend over the years, miners are still very bullish on BTC, so I don't see why anything will change.

I don't think anything is ever "priced in" until after the fact. Check out stock-to-flow vs. price in 2012 and 2016. There was a little pump prior to the halvings but the exponential increases came later: https://bitcointalk.org/index.php?topic=5191012.msg52690215#msg52690215