We are giving too much attention on the halving

[Bitcoin_bullish]

I am bullish for the long run and I have no reason to sell, as the way I see it Bitcoin will become massively accepted and widely used across the globe.

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.
Talking about the price does not provide anything useful and does not help with people starting using Bitcoin. It only attracts speculators.
What we basically need is wide adoption. The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.
With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

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[White Christmas]

Of course we will give some of our attention to the bitcoin halving because this is one of the biggest and most important event in the world of cryptocurrency in which it is very rare to happen, and it only happens every 4 years of the bitcoin or the cryptocurrency.
Many people are focusing to the bitcoin halving that will happen because they are predicting and analyzing what would be the effect of it to the current situation of the crypto market, in which it will help them to decide what would probably they need to do in order to have profit or maybe they can be ready on what might happen after this big event which is bitcoin halving.

[BrewMaster]

well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

[k@suy]

well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

Yes if and only if this will happen the price of the bitcoin will more likely rise that's why our goal here is to promote the crypto world to more people coz it will be a big help for us to rise the demand of the cryptocurrency in order to also rise all of the value of cryptocurrencies.

[mk4]

Some people are expecting price rises after the halving, hence people are really really interested in talking about it. There are people that are in the bitcoin space mainly to earn money off it, and there's really nothing we can do about that.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

I also want that to happen, but let's be completely honest and realistic about this. It ain't going to happen anytime soon. It's going to take a while for bitcoin to have ample market liquidity for it to be A LOT less volatile than it is right now.

[cotton ball]

Don't worry about how much your giving attention on the halving of bitcoin because your expectation with bitcoin price will raise up to higher price, you need wait several weeks later and see how bitcoin price back with higher price and how come halving could give most bigger change of bitcoin can back to higher price again.

[rodskee]

i see no  wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.


but today?bitcoin is 4-5 Digits in value so Keeping them Holding when they pumped wasn't a good idea,i would rather to sell when i am in profit of 20-30% than just letting the Road dump again while i had a chance to earn more.so we must respect how people handle their investment here in crypto market.

[tsaroz]

This halving is surely more looked over than the last one. 2016 halving created the largest ATH ever in bitcoin price. The last one in 2012 was also followed by rapid growth. It's too unique event to ignore, at least for me.

[alyssa85]

well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.

You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

[Lucius]

The 2016 bull run was extended in 2017 because of the news from two of the greatest Asian economies, South Korea and Japan.
The halving has it's purpose, but is there anything else to wait besides this event?

The fact is, halving is one topic that has been discussed a lot lately, but this is quite normal given that it is something that is a solid fact, and that in the past it was positive for the price. It's also not something technically challenging for most, unlike Lightning Network which as a topic is very technically complicated for most users.

As for 2016/2017, why are you talking about a bull run in 2016? We all know that the bull run happened in 2017, with the greatest impact in December of that year. I also do not understand what news from Asia caused extended bull run, it was over before the end of 2017.

You can dream about a day "when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price", but this is not something that is realistic to expect, especially in the near future. It's not all that black, there are plenty of merchants who accept BTC as a payment method, we just need to keep in mind that we are in a very early stage of adaptation, 10 years is a very short period of time to achieve global success in something. BTC is specific because of its decentralization, which in some ways complicates matters in a world where everything is centralized.

[Gozie51]

i see no  wrong on your style of investment because Holding is one of the best way to earn in crypto safely,.but it doesn't mean that we will just Hold and Hold until bitcoin Reached 100,000$ because this is not the way i see things must be.

yeah those early adapters made tons of money because they Hold bitcoin for 5-8 years straight but remember that way back the value of each coins are just a penny or a dollar above.

Hodling isn't really to hodl till eternity as you said. But those whom you allude to have hodl for 5-8 years might not be the original investors. They might be those buying, hodling and reselling. That is a better way to hodl too.

[hugeblack]

Market capacity, continuity of supply and demand, and technology development are what will make your dream come true.
The development of the Lightning Network is the solution with this level of transactions, but we will face more problems that we will need more and more solutions to meet and thus continuous development.
I agree with you in the bright future, and speculations will end with sufficient market capacity that makes volatility more difficult.

[Yatsan]

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

The gathered data of that year already tells what bitcoin could be in the future. In 2017, blockchain capital funding raised over $500 million, countries around the globe searched bitcoin on google, Google scholar published 5000 articles regarding bitcoin ( we're close to 14000 now) and ICOs raised over $3.5 billion that year because of bitcoin. I don't really see no reason why adoption is not going to be the priority of establishments and businesses that time.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

Bitcoin decreasing value in early 2018 becomes unprecedented when speculations overlook the fences from its point. Bitcoin in payment method may come easy for consumers but it ain't the same way on the business owners. Bitcoin is volatile, that's the only reason why they could not continue accepting it.

[mk4]

You mean "if" we get more adoption, right?

Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000.

Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years

Let's be completely honest here. Adoption just increased in December 2017 mostly because bitcoin rose in price in a bubbly manner, and "adoption" fell down as the price fell. Steam and a few other retail business just realized that bitcoin really wasn't ready for mass adoption as for-payments, and there's truth in that. But let's not be too shortsighted here; scaling solutions are moving forward, whether or not it's in the pace we want. Bitcoin will simply be a niche for-nerds money for a while.

[tomahawk9]

Although, I seriously think that we should be promoting Bitcoin for the tech and not for the price movements.

But the average joe and the massess couldn't care less about the tech so, the only way to draw people's attention to it is by talking about the price, that's literally what everyone cares about.

I think there is something that we don't discuss in the appropriate length and this is the development of the Lightning Network.

The LN is way too "complicated" to understand for the average user/merchant. Plus, people don't care about the developments of X or Y, they want to see the finished product, they want to see the LN working in retail stores worldwide, but we're still miles away from that.

With instant transaction speeds and extremely low fees the Lightning Network has the potential to make Bitcoin the dominant method of transactions.
I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

It's been like 3 or 4 years since the buzz about the LN started, you think people haven't discussed the subject already? The reason why you don't see that much discussion about the LN or people talking about it 24/7 on social media is because the LN is still in "development". Maybe in a few years (4 maybe 5 years) when we start seeing the LN being used in every store that accepts btc payments, we'll see more and more people talking about it.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price

Keep dreaming.

[YuginKadoya]

The Halving event is a thing that most people are waiting because of the significant increase in the price nothing more if the Halving would create a new coin then I think it will just become another Altcoin, and people are not so excited about that the husk of Bitcoin is more important to some because that is what people are up to, I am too are looking forward on the Bull run and quite just holding and waiting for another new all-time high that may come our way.

[Theb]

I think this subject should be discussed more and promoted further by influencers to convince everyone to give Bitcoin a chance.

I dream for the day when every merchant, online or physical store, will have the price of Bitcoin tagged next to fiat price and I think it will become reality soon.

You created this post as if Bitcoin is not receiving enough attention and development that investor's on their own personal interest should be shifted towards technical aide of Bitcoin. Well to tell you honestly once Bitcoin is explained technically i'm sure that we won't gain anything or move faster into adoption because on the eyes of the viewer it will just complicate a lot of things, they might even think that Bitcoin is difficult to be operated as a payment system. So really we don't need some kind of advocacy in the technical side as a way to promote adoption and if you want to talke about it we have two boards in the forum for that.

[DeathAngel]

People always doubt the power that the block reward halving has on demand & price. I’ll just sit back & enjoy the mayhem 6-12 months after the halving.

Destination - MOON.

[tianglistrik]

I don't think it will go further, maybe to see the use of bitcoin en masse will be more difficult for many reasons and challenges. and I think to attract attention so far the newcomers are interested in the benefits, and usually do not care about the usefulness and the available technology.

[bitcoindusts]

I agree that we should promote Bitcoin because of its technology  but we can't deny the fact that people especially investors are more interested on how they will profit in a certain venture.  I do not think that promoting profit is a bad idea, because with it we also promote its technology because promoters need to explain the technicalities of Bitcoin.  And money gain is the shortest route for people to get interested.