Bitcoin halving.

[Ridwan Fauzi]

Hi guys.
No doubt about the fact bitcoin halving will definitely be coming up this year.
What do you make up of that event?
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?


BTCCheersBTC

If we talk halving event then I have an imagine that the price will up much more than I thought. As you may know, seeing bitcoin price before halving event came and after halving event came there were a lot of change even its price up drastically. We can count bitcoin halving had happened for two times exactly at 2012 and 2016 and you can see how the effect after this event was happened.

This thing will make many investor there have an accumulated and they will have prepared to meet this event. And as you can see now how the price movement and how the sentiment market effect bitcoin price. It means, there are many investor who already buy bitcoin to gain a lot of money from this event. And regarding to all your questions I guess I can't accumulated what profit that will you get but in the essence you will gain money if you buy bitcoin now.

[criza]

Hi guys.
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?

Bitcoin halving would affect greatly in the standing and value of Bitcoin in the market, simple concepts about supply and demand indicates a decrease in supply causes an increase in demand and would make the price of Bitcoin to also increase due to the fact that Bitcoin halving is the literal halving of what the miners would get from mining.

I think, there would be a lot of people that would invest in Bitcoin and would hold the currency during and after the halving for a chance to sell it to a higher price and earn a lot of profit from it.

[carlfebz2]

Hi guys.
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?

Bitcoin halving would affect greatly in the standing and value of Bitcoin in the market, simple concepts about supply and demand indicates a decrease in supply causes an increase in demand and would make the price of Bitcoin to also increase due to the fact that Bitcoin halving is the literal halving of what the miners would get from mining.

I think, there would be a lot of people that would invest in Bitcoin and would hold the currency during and after the halving for a chance to sell it to a higher price and earn a lot of profit from it.

So you do talk or mention about interest of miners on said halving? I guess it wont really be that attractive too much for them.Block rewards been cut to half do you think that
it made them happy? thats still questionable if majority of them would continue or not yet rewards been cut and it will surely compromise profitability on miners side.
Only big players would consider on continuing.I dont know to the small ones.

[chip1994]

Hi guys.
No doubt about the fact bitcoin halving will definitely be coming up this year.
What do you make up of that event?
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?


BTCCheersBTC

yes, for sure. Even we should hoard bitcoins from $ 7k. Halving events every year cause good influence to the market. but please, be carefull. Never be too subjective because the crypto market capitalization is still very small and the whales can reverse the market at any time. Not only do you buy and hold bitcoins, you need a plan to make a profit. For example, you predict that the price of bitcoin will increase by about $ 20k. Then choose the strong resistance points to sell the bitcoins you are holding. It's a way for you to be both profitable and able to buy back bitcoin at a lower price.

[Oasisman]

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So you do talk or mention about interest of miners on said halving? I guess it wont really be that attractive too much for them.Block rewards been cut to half do you think that
it made them happy? thats still questionable if majority of them would continue or not yet rewards been cut and it will surely compromise profitability on miners side.
Only big players would consider on continuing.I dont know to the small ones.

Not to mention the amount of expenses a small time miners to spend in upgrading their GPU, since every block halvings, blocks are become harder and harder to solve that It needs more power from the machine. So does the electricity consumption will increase as well.
I guess huge mining farm has an edge over the small time miners, because it will compromise their sustainability.

[Bagaji]

Hi guys.
No doubt about the fact bitcoin halving will definitely be coming up this year.
What do you make up of that event?
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?


BTCCheersBTC

If you have money to invest, now is still an opportunity for you to do so before is too late when we finally get closer to halving event of which there is a strong believe that the market is going to skyrocket more than what we have seen in the past halving event.

And we don't have to lose this opportunity otherwise, we might regrets later. The market to show a few pumps and continuously moving ahead.  Anyway, they'll have a choice but it would be great if they started it by now and see what we've got later coz it will be sure that the market will turn back high again.

Whoever was able to follow some of the speculation in one of my submission above and buy as at that time should be in profit by now base on the current market value of Bitcoin and some other altcoins that have have increase significantly. And is still not late for whoever want to hold for over a period of a month because as we get closer to the halving event so shall the positive news keep coming in and that will influence the market.

[The Sceptical Chymist]

I'm going for two scenarios: Bitcoin will either go through the same cycle it went in 2016 & 2012 or this time would be different.

Well, that covers all the bases pretty much (lol). 

I do hope that we don't see a repeat of the bull market craziness that led up to December 2017, because who knows how long it would take the market to recover from another crash like that.  I certainly would like to see bitcoin have some big gains this year, but exponential price growth, while it might be really fun to participate in, isn't sustainable or good for bitcoin in the long-term. 

Right now the price is creeping up to $10k--or at least it looks like it's doing that--and I think that's much better than if I woke up tomorrow morning and saw preev showing bitcoin with a 5-figure valuation.  True, I might be elated at first but the rational part of my brain would realize that a serious correction would be looming.

[Reid]

I suggest accumulate as much as you can.
If you did it January 27 from this post then you know why and won't have any regret.

Don't just look for the halving also.
There are a lot of reason into why you should by bitcoin.
You are already in this forum with lots of information about it.
Maybe you should start with that. The reason into why you are really buying it and not just because there is an event going on May.

[LogitechMouse]

I'm ready for both scenarios anyway. I'll just accumulate alts & BTC and be ready to ride the next cycle the right way.

This is the perfect quote for me.

Whatever happens, we must be ready whenever Bitcoin goes down or goes up before and after the halving. If you are a holder, just continue to accumulate Bitcoin and other altcoins that you want to buy.

Will you suggest accumulation of bitcoin before the event?

Accumulating Bitcoin before the event is advisable but still, there is no certainties that Bitcoin will rise before the halving happens.
Even though we see Bitcoin rising slowly and the charts are saying that we are in a bullish phase already, don't forget that there is still a chance that Bitcoin can go down big time. This happened years ago and it can happen anytime .

[fortunecrypto]

Hi guys.
No doubt about the fact bitcoin halving will definitely be coming up this year.
What do you make up of that event?
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?


BTCCheersBTC

Halving is not something that comes unexpectedly, people have a lot of positive expectation on it, this is the reason why on the two years that Bitcoin was in red the community are hanging on because they all knew that it will not last long and there is always hope and answer and the coming halving is the answer and our hope for a big turn around.

[atjiat]

In essence, halving is provided on the Bitcoin network in order to protect Bitcoin from inflation, although this moment is a little incomprehensible to me, since everyone knows that there is exactly a certain amount of Bitcoin.  And if we talk about how halving the rewards of miners will affect the price of bitcoin, then you can study the early situation in the past halving.  One way or another, in 2013 the price of Bitcoin increased slightly, but after the previous halving in July 2016, we observed a rapid increase in the price of Bitcoin in the flesh until 2017.  Based on this, we can assume a positive effect of the halving on the pricing of Bitcoin and on the entire cryptocurrency market.

[andamarina]

I wait for halving and i think how much will cost miners to mine bitcoin and if still worth to mine if price not grow, let say if price will be 12k is still worth to mine?