We are giving too much attention on the halving

[heidikim]

Halving is very important. Of course it is not an improvement that will blow prices. However, expectation will not be wrong. We're in a very important time frame. Prices may start to rise again in the summer months.

[Yamifoud]

It is because it was special and people are getting hopeful for this event to drive a better price in the coming days. If we could recall how halving did great in the previous halving, ain't no wonder why we have to ignore this. Yes, people think that this event will be the solution for a long bear season that we experienced and to see the market fully recover.

Besides, no other major events we have this year will have to see aside from halving and this event becomes the center of most talks.  However, a certain Bullrun that people most likely to see again is still uncertain. But only we have just hopes.

[kaya11]

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.

My first feelings about bitcoin is same as yours now, but people changed my friend and I am one of them, hell yeah I would sell if I make money even the slightest possible profits. Ask most of the people here, they most likely here to earn profits.

[BuNga_cute]

In my opinion there is nothing wrong if we expect or pay more attention to halving bitcoin that will happen some another month.
Because if we look back in history, what happened with the previous two halving has already been proven to make bitcoin prices
And it's very important in my opinion the rise in the price of bitcoin to speed up the process of adoption of bitcoin the price of bitcoin
is more expensive, the more it attracts new investors to invest in bitcoin.

[hello_good_sir]

I think that in the short run the halving certainly has significance, especially on the price and affecting the market sentiment positively.

However, in the long run, obviously it doesn't affect the fundamentals much. In order for BTC to thrive in the long run its fundamentals need to improve at the end of the day, and that means greater adoption, greater real life usage, as well as a better network in general.

So no, I don't think that people are mistaking halving as long term progress, and it certainly contributes to improving short term market sentiment.

[Saisher]

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?

People are talking about the price because some new investors want to make a profit out of the halving and many seasoned traders also want to have another round of profit, all you can see on this forum are price predictions and only a few want to talk or discuss the technology behind it.

[slapper]

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 need to know that not every people care about the adoption of bitcoin in our money system. Most of them want to hold bitcoin in other to take good advantage from the fluctuation. Because of that fact, halving is very very important to them. They want to see the price of bitcoin to go up and therefore, they can have a great amount of money.
In my opinion, I do not believe that bitcoin will be used by every merchants and store. Bitcoin will be used as a good safe asset such as gold. However, dont take it too seriously. I still have a good feeling that other cryptos like ether or xrp will become the next generation of money

[maxreish]

Certainly, the technical side of bitcoin wasn't really been use by most of the users that is why there is missing in what we call "full adoption". However, promoting btc.regarding it's price movements is kinda more effective to encourage new people rather than it's technical use.

Honestly, I am excited and waiting for that halving event this year. I am also a long term holder and this is my very first time witnessing how people always talk about "bullish" times when btc halving will occur.

[BlackFor3st]

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.

If there will be wide adoption and the government will do their best to provide some education about what is bitcoin, how it can help the people around the country, where and when they can use it,how simple it is to use and other important things about bitcoin then we don't need to give too much attention to upcoming halving.

But because this kind of scenario is not yet available then it is the reason why many are giving too much attention to upcoming halving as they are hoping that it can change the market situation in where they are hoping that what happened last 2017 will happen again starting this year.

[blckhawk]

This is because most of us here are actual speculators, and a very few select merchants only are accepting Bitcoin as a form of payment, which makes adoption even lower, and thus we're quite stuck on this scenario of just wishing the price would go up.

Adoption for me should start from the way up, making it to the lower levels. That is to say, large and international companies adopting it first before the SMEs. That way, adoption would be easier for smaller businesses since if the large companies use them, it must be something good.

[meanwords]

You know why? most people are only it for the money so in order to create money, they need something or an event to create hype which in turn could result into a pump. What good way to do it is to wait for the halving where the rewards are split and miners will have to cope with the price in order to be profitable again. They will need to increase the price in order to correlerate with miners profit.

[KnightElite]

Everybody is focusing and giving attention in halving, I think we should not expect too much. I'm not excited about the halving because I'm a trader and I am not a speculator. Most of the posts that I keep seeing are about their hopes that the price of the bitcoin will increase after the halving, let me remind you it is just a "hope". It is better if we will still focus and give attention in price action than in halving that will happen.

[KennyR]

Till date there is more and more discussion about halving which is purely on the growth it provides on the demand to the supply variation. The expectation too drives the market forward, as whales use it an opportunity to manipulate the market. Another important thing the increase in the volume of investment over the days of halving. As there is promised growth more investors make investment. This in turn also support the market pumping.

[MURONDI]

I hope prices always go up in the future, in my opinion at this time bitcoin is still not suitable as a means of payment for micro businesses given the price is very volatile, maybe now bitcoin will be more suitable as an asset or investment for the future, and when all countries have accepted bitcoin, only then is it applied as a means of payment.

[gabmen]

Everybody is focusing and giving attention in halving, I think we should not expect too much. I'm not excited about the halving because I'm a trader and I am not a speculator. Most of the posts that I keep seeing are about their hopes that the price of the bitcoin will increase after the halving, let me remind you it is just a "hope". It is better if we will still focus and give attention in price action than in halving that will happen.

Well the expectations are based on what happened during the previous halving. The value did shoot up then and people have a legitimate reason to be excited. Though i don't want to be in the hype too much as we're not sure that it's going to  follow previous trends. Recently, the movement of the market tend to go against what happened before.

[CodyAlfaridzi]

Good point @OP.

We are too excited about the halving because in the past it has led to a massive bull run which multiplies Bitcoin's price several folds. Of course, people are excited for that. Yes it is a sad state that most people don't even aware of the current development. I was shocked when I knew that a "trader" that I thought was smart didn't even know the basic economy of mining. That's frustrating.

How to make more people talk about development is the challenge. Most people are just looking for money here, unfortunately.

[barabarian1]

I think it's natural that most cryptocurrency holders are very focused on bitcoin halving day. because this only happens once every 4 years. and if we look at the history of bitcoin, bitcoin always rises higher after being reduced by half. so all investors are looking forward to bitcoin halving day.
and for the issue of mass adoption of bitcoin I think it is still a long way to go. because the number of people who know and understand about bitcoin are still very few compared to those who don't know bitcoin.

[lixer]

Yes, we are all paying lots of attention to the upcoming halving because it will be a big event within bitcoin ecosystem. I use Bitcoin every week for transaction, and I’m always funding my wallet. Money that fund in my Bitcoin wallet hardly stays for long because I’m always sending it out, so I would say that I mainly make use of Bitcoin as a means of transaction and not really for investment. But, I’m planning to buy a hardware wallet like Trezor and use it to store bitcoins now that there is going to be a halving since a lot of people are saying there is going to be an increase.

A lot of people I know that are afraid to make use of Bitcoin is because of the volatile price, and those I see that go for it are mainly as investment, it’s only few that use it mainly for transaction.

[bitvalak]

Halving is the moment awaited by all bitcoin users, because obviously they not only want to use bitcoin technology but also want to get capital gains. It is true that from now on it requires a large adoption, but it will have high scalability as well.
What do you expect about the future of bitcoin is more or less the same as many people think, but the problem is we are not in the process for now. The attention of people at this time is on halving, maybe after halving it can come true.

[oktana]

New users have interests on both sides, adoption and price development are always in the same option.

the most important thing right now is that the ecosystem is waiting for progress from Halving and is closely related to the potential for price increases, op can also continue to educate about the lightning network at the same time, in fact I am still thinking about complicated things like obstacles from the government, so I think adoption will move automatically if it is in line with price developments.