We are giving too much attention on the halving

[Bitcoin_bullish]

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.

Looking at the charts I see that the bull run started in 2016. We went from 200$ all the way up to 1000$ at the end of this year. The price went parabolic the whole 2017 because of many good news that had to do with adoption. These news became reality with Bitcoin becoming a legal method of purchasing in Japan and Korea and then these major markets started investing. So I don't think it was the halving caused the price to rise this high.

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[Artemis3]

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

But this has not occurred again. And honestly, I think Steam (Valve) are idiots. They could have taken the coins directly, or set up a btcpay server, which is an open source Bitpay replacement. Its not like they lack the resources and skills to do so. To this day, i still think they are big idiots for blaming Bitcoin for something that was actually Bitpay's fault. Purchasing a game is a perfect example of something that does not need instantaneous transactions, you CAN wait hours or days for a game to appear on your Library.

If they wanted, they could even provide an online bitcoin wallet. That way the time it takes for coins to reach there doesn't matter, and once there, you can to any "processing" (exchanging to USD which is what they seem to want) instantaneously. Why their client already shows USD funds, it might as well show BTC.

So now, thanks to their stupidity, people have to buy euro Steam gift cards from dubious sites to do the same, with a lot of extra delay and even more fees. Gee thanks for making things so much harder to honest customers, don't go cry piracy later...

So ignoring Gabe's idiocy (shoo profits, shoo), adoption is occurring. It might slowdown somewhat at times, but its not becoming "undone". Even them will have to return, because they will have no choice. Ignoring bitcoin is as unpopular as you can get, and all it takes is some nice healthy competition accepting it...

[avatar_kiyoshi]

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?

Halving and price rise is the factors that can attract people to use Bitcoin. Indeed this is not about Bitcoin as currency but at least make people love Bitcoin first is good step for Bitcoin become a recognized currency. The more demands around the world, the greater the chance for Bitcoin to be legalized as a worldwide currency and will also force the government to legalize it, even though this stage is still very long.

[Bitcoin_bullish]

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.

I created this topic because I understand what is the world's view on Bitcoin right now. You are promoting it as a way to get rich by next summer which will have the opposite results from what you are expecting.
I hope you will understand this some time soon.

[agentx44]

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.

You cannot blame everyone for paying too much attention to bitcoin halving, we've experienced a very dry season for bitcoin  for a very long run already and we cannot wait anymore to see it has its price recover once again or for a greater news, exceed its last record. We all want bitcoin to be known worldwide and be used by many means but we should first make some actions to have it acknowledge by different countries especially the big ones.

[airdnasxela]

It's normal for us to discuss halving. Everyone's expecting on it. Although we shouldn't give too much expectations. But since on the previous halving it cause a positive effect on Bitcoin, we cannot just disregard that it can also happen again.  Even though we keep on talking about halving, we're still promoting Bitcoin. We've been promoting Bitcoin ever since. We're all dreaming the same dream for Bitcoin. Mass adoption.

[bittraffic]

After the long bear market, we really can't wait to see bullrun to start because of this halving after all bullrun always occur after halving. Its the pattern they see every time which  gives us the idea when to wait for it.  Everybody waits for the bullrun and big personals are also hyping it.  Lightning is very useful for the community but I heard there are issues such as centralization because of the channels.

[taufik123]

For now the very strong euphoria is about halving bitcoin which will happen soon.
We cannot distract others from the benefits that will be given before halving occurs or afterwards. this is the event that has been eagerly awaited.

About bitcoin technology that is not so promoted for now, it's still a very reasonable thing, because investors pursue profits first.
for a discussion of the growing technology of bitcoin about lightning networks will certainly have its own discussion.

[CarnagexD]

It's normal for us to discuss halving. Everyone's expecting on it. Although we shouldn't give too much expectations. But since on the previous halving it cause a positive effect on Bitcoin, we cannot just disregard that it can also happen again.  Even though we keep on talking about halving, we're still promoting Bitcoin. We've been promoting Bitcoin ever since. We're all dreaming the same dream for Bitcoin. Mass adoption.

Correct. I see the author's points since I myself am a cryptocurrency investor that got ito ivesting because I saw a revolutionary potential on bitcoin. That it could surpass fiats moving forward leading to a much more consumer-friendly environment. But you also have to consider that we have as many tech supporters as price ivestors. People who are into bitcoin because they saw a way to get money.

[kro55]

We need an event to discuss and pay attention to. 2019 ends with coin halving while 2020 starts with Iran USA tension and its impact on Bitcoin price. Now again attention is getting back to coin halving, thanks to normalization of things between USA and Iran. this is how crypto community moves and will keep on moving.

[Nadziratel]

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.

We are always focused something. We focused marjin things, option trading, Bakkt, ETF and something... We should focus something serious, something related with blockchain and bitcoin. Otherwise we just watch prices goes up and down. But always miss something.

[Wipeout2097]

Because a major event of decade and will leave positive or negative affects to the cryptomarket specially the BTC.The expected price of BTC after halving will be bearish for long time said by crypto analyzers.
The early adopters who holding since 2015 and specially who bought in 2017 in bull run excited to sell because they will get profit if the BTC will cross above $20k.

Further patience needed and prepare the mind as well BTC price is not rising as expected never disappoint yourself just keep your trading and earn slowly to get our financial freedom.

[electronicash]

That's true tough. The whole community of crypto are always focused on how the halving will affect the price and not the adoption or the technology. It's as if they are just here for profit meanwhile I'm really expecting to be able to pay stuff online using bitcoin without the need of third party or using gift cards and honestly this halving is overrated considering that it will happen always happen every 4 year.

for waiting me this long, its not practical for me to actually think not of profit while i'm looking for which altcoin to invest. me hoping for adoption is always there even before BTC reaches up to $1k i'm already here wishing it would happen one day. there are few merchants accepting in my country only less than 5 of these stores that i've tried buying using BTC.

but with the help of halving that prices goes up enough for media to cover, i think merchants will be intrigue to see this payment option as alternative.

[julius caesar]

We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.

[acdc]

We all hope one day bitcoin will be accepted as a worldwide currency. But perhaps we will wait a long time, bitcoin has a long way to go before governments accept it.
Aside from being accepted by the government, I think bitcoin also needs a lot of improvement in speed and cost to be a currency.

[fiulpro]

It's a really big phenomenon I think halving along the whole history have proved to be amazing for the bitcoins , the price rose also at the same time I think this is the only big thing in the bitcoins world happening so people are just looking forward to it with hope , maybe it could be a good thing for them .
But yes of course we don't know what would happen it might not at all affect the bitcoins but hoping is all we can do 😂

[Colt81]

We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.

Indeed. Almost every bitcoin users are waiting for bitcoin halving because they are expecting that bitcoin will reach it's price to 20k USD again, so they could recover all of their losses way back 2018, that is why they keep holding it for a long time and they resist to sell their bitcoin even in the bearish times.

[d3nz]

We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.

Indeed. Almost every bitcoin users are waiting for bitcoin halving because they are expecting that bitcoin will reach it's price to 20k USD again, so they could recover all of their losses way back 2018, that is why they keep holding it for a long time and they resist to sell their bitcoin even in the bearish times.

I guess the value of Bitcoin will only rise after the halving is completed and it would take time just like before and we might see a plummet of price because of the halving of rewards and we don't know when the market will move if its going up or down.

We just need to make sure that we're always ready when there is a change on the flow of the market. Predicting the chart is really hard because even know were right in prediction still it could be change anytime and we cannot change the future.

[Theb]

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.

I created this topic because I understand what is the world's view on Bitcoin right now. You are promoting it as a way to get rich by next summer which will have the opposite results from what you are expecting.
I hope you will understand this some time soon.

And where did you get that idea as well? I've looked at my own post history especially the ones found in the speculation board and trading discussion section all the contents of my recent posts are based on analysis and nothing about hyping Bitcoin or staying positive for it. From what I am seeing I think know that you see there are two kinds of people in the industry the ones who are promoting the price movements and the ones who are promoting the tech itself but to be honest there are also people who care both aspects and not just here to make money out of BTC's price movement.

[diazepam666]

We really should give attention to the bitcoin halving because this is gonna be the reason why the price of the bitcoin will rise up again. It will lessen the supply of the bitcoin that will make its price to rise up. But we do not know when the it will be effective. It might take a year first before its price to complete go up.

This is so effective for the cryptocurrency users who ever waiting for future halving and makes the value boom for next level using their portfolio.
I expect the market value of bitcoin should goes to next peak value this year due to halving.
Let's everyone try to hold more cryptocurrencies to find the more profit.