Next Bitcoin Halving will drive the price down...

[Hypnosis00]

I may become optimistic this time and for the halvings that happen previously it has a positive impact and it surely will happen the same.
However, it could be some in patience knowing the fact that it never been reflected the market price instantly. It could be months or a year after.
That would be long but that is usually the results and it's up to us think it positively or negatively.

[Reid]

Or it could be the way to make it pump again.
Less miners means a better opportunity for everyone to be a miner even without strong computers.

Difficulty will be lowered.
Before, that was the idea of satoshi but because of greed people want more of it and they saw how the market react with it.
After the halving is unknown, it could lead to a better bitcoin or the other way. I still hope for the better one.

[rez303]

Halving has three times but not once has bitcoin let me down, and I think this time too.  Especially in the context of the bear market, a lot of people are losing money due to the high purchase price and this is an opportunity for them to buy more in 2020.  When a mass crowd does this at the same time, the market will grow.  Do not think too negatively, it will be bad for trading results.

[davinchi]

It looks like the whole topic was started by someone who thinks they are smarter than the wisdom they actually have. Trying to use words like ecological and bone marrow and life blood etc are provides these things, the real wisdom comes from explaining things as simple as they get, tolkein literally wrote a whole series of fictional world and what happens with a language as simple as a kindergarden kid can understand.

All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.

[Wexlike]

It looks like the whole topic was started by someone who thinks they are smarter than the wisdom they actually have. Trying to use words like ecological and bone marrow and life blood etc are provides these things, the real wisdom comes from explaining things as simple as they get, tolkein literally wrote a whole series of fictional world and what happens with a language as simple as a kindergarden kid can understand.

All he tried to say was "bitcoins whole nature is dependent on miners who are now quitting or will quit after halving" and that's it. The point is miners leaving will mean hashrate will drop which causes other miners to pick up the slack and make the transactions around the same speed, there could be 10x more miners or 10% of current and system still works exactly same thanks to dynamic movement of hashrates.

Self-regulated and automatically managed systems are a wonderful thing, aren't they?

[olumyd]

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?

Even if old miners exit, new miners will come in, what may appear to be not lucrative to some miners will be adopted by others. But what I see is a core miner ecosystem run by bitcoin maximalists, who will do everything to protect the integrity of the Bitcoin blockchain (both economically and technologically).

[Ferris419]

Though you have a point and there is a possibility too as I read some articles about it. But personally, I don't think it will really happen in reality. The price of Bitcoin may drive down after the halving but the main growth may happen after 6 months to one year! But I am afraid that this time bull run may not happen because of the over hype!

[Omega Weapon]

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.

While I also think that he is worrying too much we cannot discard the idea that if the price of bitcoin does not go up during the next halving this will create problems for the miners that are not as profitable, and while most likely they have reserves to try to keep their operations running they may come to the point in which they need to sell their coins for a loss and as we know no business can run for long when something like that happens.

[TitanGEL]

We cannot predict what will happen to the price of bitcoin after halving where it will be boost its price or it will cause massive crash. But one thing is sure and there will be changes after the halving. I do not rely on others opinion, I see now a lot of posts about halving and I observed that there are now many hyped people because of this news. I will only base my actions on what will happen in halving.

[Cimmy_revenger]

I think there will be many miners who retreat / stop.

If will be many miners who retreat / stop.
is it possible for miners to make blocks easier even if parts per block are reduced or cut 50% ?

[thecodebear]

OP's reasoning doesn't make sense. Price is not going to fall due to a halving from less mining reward. Though I wouldn't be surprised if there is a dump after the halving because the halving itself should be a non-event in the market and I think lots of people expect it to be a big event. In reality there is a very delayed hugely positive effect of the halving - likely 2021 will be a huge year for Bitcoin's price gain thanks to the gradual decrease of how much Bitcoin is hitting the market over a long period of time due to the halving. But its not gonna change the market dynamics immediately, but I think a lot of people expect it to, and a lot of attention will be paid to it not causing a positive effect in price in the media, and that will probably cause people to sell after nothing happens from the halving. Then it will recover and keep going up and like a year later we'll all see the huge positive effect of the halving start to take place.

[d3nz]

I think there will be many miners who retreat / stop.

If will be many miners who retreat / stop.
is it possible for miners to make blocks easier even if parts per block are reduced or cut 50% ?

The block reward will be reduced and obviously if its still profitablr for them to mine a bitcoin then they will stay at the same. Because i have a friend who still mine bitcoin and he is using a solar power electricity that is why its not a problem for the cost but the price of the gfx.

And i think PoS will be much profitable for those who doesn't want to mine using gfx or PoW.

[Cacingkemi]

We cannot predict what will happen to the price of bitcoin after halving where it will be boost its price or it will cause massive crash. But one thing is sure and there will be changes after the halving. I do not rely on others opinion, I see now a lot of posts about halving and I observed that there are now many hyped people because of this news. I will only base my actions on what will happen in halving.

yes of course it cannot be ascertained whether bitcoin will increase or vice versa after reducing it in half. most likely after that event, there will be a big change in market price movements in the future.

and I feel that everyone's hopes will come true after that event happens

[STT]

Supply reduction wont be the cause of price going down, the external over speculation of a simple event might cause it but thats on the people who play around with prices too much not the actual protocol altering in a perfectly predictable way.

Miners are constantly being shed every month probably, every person and enterprise has their personal cut off for returns on investment in Bitcoin.  BTC cannot operate alone in the world, its only one of a whole range of contrasting choices to expend energy and capital on in order to achieve some task and the hope of some profit.    Miners do not determine success, workers not managers imo.

[Omega Weapon]

OP's reasoning doesn't make sense. Price is not going to fall due to a halving from less mining reward. Though I wouldn't be surprised if there is a dump after the halving because the halving itself should be a non-event in the market and I think lots of people expect it to be a big event. In reality there is a very delayed hugely positive effect of the halving - likely 2021 will be a huge year for Bitcoin's price gain thanks to the gradual decrease of how much Bitcoin is hitting the market over a long period of time due to the halving. But its not gonna change the market dynamics immediately, but I think a lot of people expect it to, and a lot of attention will be paid to it not causing a positive effect in price in the media, and that will probably cause people to sell after nothing happens from the halving. Then it will recover and keep going up and like a year later we'll all see the huge positive effect of the halving start to take place.

But that is the issue, while the halving itself is not going to make the price to go up immediately that is the expectation that many people have in the forum and when those expectations fail even if they are out of place it could produce a negative effect in the price, I do not think it is likely but to deny the possibility is there will be to deny an scenario that if it were to happen it will take us by surprise, and if there is something I do not like is to be surprised by an event I could foresee.

[owengtam09]

There is always a possibility that you are right but even if the price will go down then it will be the right time to buy more bitcoins because for sure it will increase again just like what is happening now, as we can see bitcoin is slowly increasing but of course lets not be contented on it. There is a lot of possibilities will happen in the future, I am just sure that bitcoin halving will affect the price of bitcoin.

[Ayiranorea]

When there is growth, surely there is down market. This is common with all forms of investments. When it comes to cryptocurrency, the market changes were very big and the same takes place in a much shorter time period. Till date the demand to the reduction in supply by the halving is predicted to cause price pumping. Once after the entire supply is available in the market it is quite hard to predict what happens by the time.

[Finestream]

That's quite the opposite of what everyone is expecting for this upcoming halving, if the price would go down, it would not follow the trend but we have no choice but to accept it and wait for another opportunity that bitcoin will pump, however, you statement IMO will less likely to happen.

I'm on the opposite side and with everyone who thinks this halving will bring a bullish market.

[Darooghe]

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?

I think because the amount of BTC getting market sold daily by miners gets cut in half, and people who are buying crypto daily remains the same, the price slowly and surely starts going up. Then, media takes notice of this, new people start FOMOing in, more media takes notice causing even more new people FOMOing in, and price begins to rise up and up. Eventually, it culminates to dumb money buying crypto, and price eventually collapses. But, the true believers of Bitcoin never sell, so the price can’t go to deeper than previous low. This is why the Bitcoin price lows are higher in each subsequent four year cycle than the previous one.

[fullhdpixel]

There won't be a sudden impact, that is where people are wrong. Price is already considering the halving into it already and we are doing all our movements knowing about the halving. I am not talking about the day traders who will trade daily no matter what, I am talking about people who are selling their coins for good (or at least for a while) and people who buy the same way, don't you think those people already know whats going on with bitcoin?

Don't you think they know about the halving already? They know and they do what they do anyway so that means that price as it is right now is halving considered and whatever movement it does is irrelevant to halving. Whenever halving happens the price getting affected takes a long time to actually happen and I am pretty sure it will be the same this time around as well.