Next Bitcoin Halving will drive the price down...

[milewilda]

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.

Price would always vary on the demand and we know that it did happened back in the past where halving events do really have significant positive outcome onwards.

But somehow we cant really guarantee that we would see the same scenario yet rewards been cut in half.When we do talk about miners then for sure the one who would
survive are to those have bigger farms or lots of rigs.This is indeed a business and shutting down is not really that relevant.

[Shinpako09]

It's possible but we can't be so sure on what we say until we get there. For now that is just speculation like those bull run speculation after halving. If your words is true plus panic selling, that can cause the price to fall, then we may have a chance to buy at a cheaper price. But I really doubt btc will fall, don't forget about our saying "history repeat itself" and just like previous halving, the price of btc will increase and will set a new ATH. Right now, all we can do is wait and see who is right, bullish or bearish prediction.

[STT]

Doesnt sound correct to me, demand outranks production for importance barring the quality of a protocol which is not exactly what miners do.   If miners drop out enough then the difficulty adjusts to accommodate that fall in production, isnt the protocol set in its schedule to self adjust.
   People over speculate the halvening, thats what tends to happen.  Sure its a tightening to the standard but its afterwards that this process starts to occur not before yet the speculation is in anticipation.    Dont worry about it too much, I would call it similarly to last time where the lesson for me seems to be that the year after not the year containing the halvening is where more action will occur.    People are too impatient always, a good base has to be built for reasonable movement in the price so that might mean we stay 'low' or sideways for 6 months and its not even that negative if it does that for the whole of 2020 imo.
   We are just a boat, or an armada even in a whole sea of changes and BTC relys on many things to transform, change, tides to shift before price goes up/down.  I only worry if BTC can adapt and keep being useful but the miners are workers.  I dropped out of mining years ago and nobody seemed to mind or the many of us now not mining, it sails on without us.

[exstasie]

People over speculate the halvening, thats what tends to happen.

I'd say this over speculation goes in both directions. For every person who expects the halving to catalyze a bull run, another person (or maybe 2) claims it's already priced in and that this time will be different.

Personally, I think halvings are just "buy the rumor, sell the news" events taking place along a long term bullish trajectory.

[Kelvinid]

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.

It takes several months before we see its either a positive or negative impact but the previous halving are sees to good, making this new coming halving will also help to increase the support level. Not sure if it will drive for the bullish market but all just having hope that it changes the price direction. Nothing more I want.

[Free1bitco.in]

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?

if many miners stop for that reason, then some surviving miners will benefit, and if miners who stop using bitcoin start buying bitcoin, won't the demand increase? this will increase the price. however, at the moment I think that the next halving will make the price of bitcoin higher.

[luckyflop]

People over speculate the halvening, thats what tends to happen.

I'd say this over speculation goes in both directions. For every person who expects the halving to catalyze a bull run, another person (or maybe 2) claims it's already priced in and that this time will be different.

Personally, I think halvings are just "buy the rumor, sell the news" events taking place along a long term bullish trajectory.

I think the same way. In this market there is a rule that is "buying rumors, selling news" ... this rule is always true in this market and so I also predict that the price of bitcoin will rise in the months before BTC halving, but then the price will fall. It will be similar to the situation of LTC in 2019. So we should not be too optimistic and believe in the bull market in 2020.

[bitcoindusts]

People over speculate the halvening, thats what tends to happen.

I'd say this over speculation goes in both directions. For every person who expects the halving to catalyze a bull run, another person (or maybe 2) claims it's already priced in and that this time will be different.

Personally, I think halvings are just "buy the rumor, sell the news" events taking place along a long term bullish trajectory.

I think the same way. In this market there is a rule that is "buying rumors, selling news" ... this rule is always true in this market and so I also predict that the price of bitcoin will rise in the months before BTC halving, but then the price will fall. It will be similar to the situation of LTC in 2019. So we should not be too optimistic and believe in the bull market in 2020.

True that we can see it on the history of Bitcoin price during the halving.  Price goes up months before the halving and goes down after it, then comes the bullish trend of breaking ATH because the effect of the halving is felt by the market.  Remember reduced supply and increased demand will always result in price increase and LTC case is a bit different because I believe there is no increase in demand in there, just hype.

[magneto]

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?

Except history has shown us time and time again that this is simply not true. The last halving, and the halving before the last halving all resulted in significant gains in price for BTC.

Based on market expectations alone it should be sufficient to say that there will at least be a resurgence in bullish sentiment, if not anything else.

BTW, isn't hash rate climbing at this current moment? I recall seeing an article yesterday about how bitcoin hash rate has been climbing consistently. The newfound scarcity of coins after the halving will result in price hikes that will likely push miner rewards up in fiat terms anyhow.

[bbc.reporter]

The exact same thing was said about the previous one and no doubt the one before that. It will be said for every one in future until the block reward becomes a trickle.

Compare hash rates to the first one. I think we're just a little bit higher these days.

It has only been 2 halvings. This is not much data to be certain that miner capitulation will not occur on the next one. Also, bitcoin is more regulated today than 4 years ago. It might be harder to pump without the institutional investors' help.

[danherbias07]

And who told you that?
There is a Miner in your name? Are you one of them?

In that case then, the difficulty will be reduced. Transaction validation will be easier.
Yeah, they might be the backbone of the bitcoin network but still there are miners out there who are waiting for their chance to get in.
They just cannot do it because of the hardware that they have. But if given a chance, I think they really want to do it in bitcoin instead of other coins.

[exstasie]

Except history has shown us time and time again that this is simply not true. The last halving, and the halving before the last halving all resulted in significant gains in price for BTC.

I actually agree with you and I'm betting on a bullish 2020, but a sample size of 2 isn't exactly "time and time again." Something happening twice could be nothing more than a coincidence.

BTW, isn't hash rate climbing at this current moment? I recall seeing an article yesterday about how bitcoin hash rate has been climbing consistently.

Difficulty just rose 6.57%. It was flat for a month before that. Nothing huge but this is obviously not the "miner capitulation" some people were FUD'ing about.

[romero121]

The exact same thing was said about the previous one and no doubt the one before that. It will be said for every one in future until the block reward becomes a trickle.

Compare hash rates to the first one. I think we're just a little bit higher these days.

It has only been 2 halvings. This is not much data to be certain that miner capitulation will not occur on the next one. Also, bitcoin is more regulated today than 4 years ago. It might be harder to pump without the institutional investors' help.

Truly it is hard to pump the market without institutional investors. As of now we need regulation for the betterment of the market, but for some reason when regulated governments will try to have control over the market. When things go under a centralized authority the growth will get disturbed. Before the next halving entire bitcoin might be mined.

[gabbie2010]

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?

If the past previous halving pumps the price of bitcoin I wouldn't believe a contrary price behavior in this year halving, price history will always repeat itself although I would agree that there may be a temporary decline or drop in the price of bitcoin after the halving however a pump is imminent in the aftermath of the halving let us watch how the price action would unfold during that period.

[Kyraishi]

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?

Absolutely not.

In fact the increased costs of miners per coin may well push bitcoin prices up because they are unwilling to sell these coins at low costs, especially with the expectation that halving will bring with it substantial price hikes in the BTC markets. And by your logic, all of the halvings previously should have resulted in BTC crashing, but evidently that has not been the case.

You're overworrying in my opinion. 2020 should prove to be much more bullish than 2019 proved to be.

[imstillthebest]

wow what an explanation i just read , it sounds like science because of the words ecological ,  bone marrow and life blood  .

 yes that is true that halving cause an issue to miners based on what i read but there are still good factors that will go live once halving was done and can counter some bad effects which still lead to bitcoin to continue working  .   everybody speculates positive news about btc halving while you are here opposing with them  .

[trickshot22]

Maybe or maybe not, to be frank, anything could be expected for this market because in the last couple of months we've seen both the positive and negative run of Bitcoin. But I don't think Bitcoin's price will fall any further from this stage, for me, Bitcoin is a unique technology that can change the world, so Bitcoin should flourish. I think when Bitcoin is legalised all over the world then people might find it more appropriate as legalisation would certainly bring us a positive atmosphere.

[BChydro]

I think the same way. In this market there is a rule that is "buying rumors, selling news" ... this rule is always true in this market and so I also predict that the price of bitcoin will rise in the months before BTC halving, but then the price will fall. It will be similar to the situation of LTC in 2019. So we should not be too optimistic and believe in the bull market in 2020.

Looking at your statement you are not aware of the market and how it performs after halving, if you check the past market trend you will very well know that the market will not move just after the halving you need to wait for a year to see the real rally to commence and that been said you can be optimistic that the market will rally in the next one year but i am not expecting the reversal in the next two years where the price will go down. 

[Bagaji]

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?

Am not sure this will happen because I don't believe we have seen this happen in the past but if it eventually happens will we all still remain in this market since Bitcoin and crypto currency market has come to stay.

[dark08]

Maybe or maybe not, to be frank, anything could be expected for this market because in the last couple of months we've seen both the positive and negative run of Bitcoin. But I don't think Bitcoin's price will fall any further from this stage, for me, Bitcoin is a unique technology that can change the world, so Bitcoin should flourish. I think when Bitcoin is legalised all over the world then people might find it more appropriate as legalisation would certainly bring us a positive atmosphere.

You have a point dude anything can be happen during or before the 2020 halving we cannot know wheres the bottom of bitcoin but for me this falling down of bitcoin is a good sign for a near bull run.
Thats why if you believe in bitcoin potential then buy at the drop and hold until you will get a good return.