BITCOIN HALVING 2020

[George Alex]

BITCOIN HALVING 2020

CRYPTO BUSINESS

The most promising event that will take place in 2020 is the Bitcoin halving in May, which will reduce the number of Bitcoin rewarded for successfully mining a block in the digital ledger, from 12.5 to 6.25 BTC. Even though it sounds dramatic, it’s happened twice before and each event saw some interesting price action. In the months surrounding the 2012 halving, Bitcoin price went from less than $10 to more than $100 while in 2016 the currency surged from $400 before the halving to more than twice that by the end of the year. Bitcoin halving as one of the most important events for Bitcoin in the market  The halving is a process that happens roughly after sometimes roughly after years which leads Bitcoin’s network to eventually cap the supply of Bitcoin to 21 million. The current block reward is set at 12.5 BTC but will be dropped down by a half to 6.25 BTC on 14 May 2020.

            BLOCK HALVING EVENT 2020

        DATE             BLOCK       REWARD

2012 | 28  NOV |   210,000   | 50  -  25

2016 | 19 JULY |   420,000    | 25  -  12.5

2020 | 18 MAY  |   630,000    | 12.6  -  6.5

2024 |              |840,000      | 6.25- 3.125

Halving increases the new scarcity of Bitcoin to the market and Bitcoin traders are already predicting similar results compared to the price growth as the past two halvings. However, there are other factors leading the market traders shouldn’t forget that playing with demand and supply is the necessity to Bitcoin price change although under normal scenario kill the supply will raise the demand which eventually boosts the price up O expectations might be all that’s required to see an effect. “There are arguments for and against a price increase,

The halving is aimed at stabilizing the supply of Bitcoin as it approaches full saturation and there are no more Bitcoin to be mined. After that, well, Bitcoin may become rarer and more valuable than gold, or Satoshi Nakamoto could create more Bitcoin to be mined so the coin’s price can continue to be moderated, or it could gradually lose value to more abundant or practical digital currencies like Bitcoin Cash, which forked off from the original Bitcoin in 2017 for just that purpose. Ultimately, the world’s first cryptocurrency still needs to decide whether its scarcity alone defines its value.

Although By compared with the previous two halving cycles give strong believed that Bitcoin price expected to increase more and may marked as the time to get in some bitcoin before the halving is nearing approaching,

More Check on:: https://bizzysumbi.blogspot.com/

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[odolvlobo]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

[Little Mouse]

How many threads do we need?

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Bitcoin halving 2020 prediction
So how exactly will the halving of bitcoin block reward benefit bitcoin.
The next halving 2020
Bitcoin Halving Price Prediction $55,000 - $130,000
Bitcoin 2020 Halving
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The price of bitcoin on halving day 2020
Bitcoin after 5 Halving - 10 years from now - What will be its price?

And a lot of more threads.

Please stop this.

[chennappa121]

How many threads do we need?

Bitcoin Halving 2020 | Bitcoin Halving Explained
Bitcoin halving 2020 prediction
So how exactly will the halving of bitcoin block reward benefit bitcoin.
The next halving 2020
Bitcoin Halving Price Prediction $55,000 - $130,000
Bitcoin 2020 Halving
Halving Day Bitcoin in 2020, What is the Effect on Bitcoin Price?
The price of bitcoin on halving day 2020
Bitcoin after 5 Halving - 10 years from now - What will be its price?

And a lot of more threads.

Please stop this.

Yes you are right there are already existing more threads regarding same topic, so better to lock the thread and I suggest to all before going to create any topics we have to cross check it is already exists or not.

[DeathAngel]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

Ummm, there is!

Nice Chart..

When in doubt, zoom out #bitcoin

Source: https://twitter.com/ChartsBtc/status/1224717525172117504

[seoincorporation]

How many threads do we need?

Bitcoin Halving 2020 | Bitcoin Halving Explained
Bitcoin halving 2020 prediction
So how exactly will the halving of bitcoin block reward benefit bitcoin.
The next halving 2020
Bitcoin Halving Price Prediction $55,000 - $130,000
Bitcoin 2020 Halving
Halving Day Bitcoin in 2020, What is the Effect on Bitcoin Price?
The price of bitcoin on halving day 2020
Bitcoin after 5 Halving - 10 years from now - What will be its price?

And a lot of more threads.

Please stop this.

True... We know bitcoin halving is a hot topic but all those threads make from the topic some kind of spam.

The halving only means the block price will divide to the half... Isn´t the first time this will happen and isn´t the last time, my theory is that miners don't want to lose money with this move and that's why they bump the price. But it is just my point of view about the topic.

[Artemis3]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

There is some correlation, but its less pronounced than some people think. Furthermore, as time passes, the correlation is less and less. The main reason is that the vast majority of coins are already in the market, so production affects supply much less than ever before.

Consider that out of 21 million only the last 3 million are left. Most of the weight, and eventually the whole weight of the price of bitcoin rests solely in the market forces, buyers and sellers.

[Reid]

How many threads do we need?

Bitcoin Halving 2020 | Bitcoin Halving Explained
Bitcoin halving 2020 prediction
So how exactly will the halving of bitcoin block reward benefit bitcoin.
The next halving 2020
Bitcoin Halving Price Prediction $55,000 - $130,000
Bitcoin 2020 Halving
Halving Day Bitcoin in 2020, What is the Effect on Bitcoin Price?
The price of bitcoin on halving day 2020
Bitcoin after 5 Halving - 10 years from now - What will be its price?

And a lot of more threads.

Please stop this.

I doubt that will happen.
They just wont.
There is a hype now and everyone wants to explain how the halving affects the price of bitcoin.
Yes, it is just all about the price and not the value of bitcoin.

Will it really be valuable because of the scarcity or will it just be another food for those who can manipulate the price with high amounts stocked in their wallets? What will it be?

[Mpamaegbu]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

Of course, there is a correlation between them. It was the halving in 2016 that gave is the Bitcoin ATH in 2017. I guess the halving in 2020 will give us another wonder in 2021 ATH. However, I think the mining reward per block will be 6.3, and not 6.5.

[davinchi]

Even before now I have seen a lot of people that have done this analysis and I strongly believe that there’s going to be an increase. However there’s been news about the US government auction of about 18 million dollars worth of Bitcoin or so (can’t remember the amount that was mentioned ) and some people have been speculating it might pull down the price of Bitcoin.

Though I’m thinking that even if it does go down before the halving, after it will still go back up? Since halving will create scarcity, that scarcity will cause the price of the asset to start increasing.

[odolvlobo]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

Of course, there is a correlation between them. It was the halving in 2016 that gave is the Bitcoin ATH in 2017.

There have been several other all time highs that cannot be associated with a halving. How do you know that the one in 2017 was different?

[criza]

This provide analytical questions like "what would really happen after the halving? will it be good or bad for the standing of Bitcoin? Well, in fact, as the law of supply and demand states, the halving would certainly  affect the price of Bitcoin massively as its supple runs down, the demand should increase more and would doubled.

But, I have still one question. If there are no more Bitcoin to be mined, what would the investors and users do? will they leave and choose another crypto currency platform? or invest more in bitcoin?

[odolvlobo]

... Well, in fact, as the law of supply and demand states, the halving would certainly  affect the price of Bitcoin massively as its supple runs down, ...

That is a common misunderstanding. The halving does not reduce the supply. The supply continually increases until it reaches 21 million.

But, I have still one question. If there are no more Bitcoin to be mined, what would the investors and users do? will they leave and choose another crypto currency platform? or invest more in bitcoin?

When all of the bitcoins have been mined, there will still be plenty to buy on exchanges. Most of the bitcoins on exchanges today are not sold by miners.

[Jating]

Well if we are going to look at the past halvings, obviously it has a positive effect on the price.

But we need to wait though, everyone should not be excited this early. It might days more days or years for the halving to have an impact on the price, so it is better to discuss it right after the halving itself. We don't want people to expect as they might get disappointed later, just saying.

[monineklutak]

Obviously!, the miner reward is only 12-6 BTC only, very few for them at this time, but with the increase in Bitcoin price it will be the same. and graph analysis also shows that after halving the price will have a new ATH, obviously this is very interesting to follow

[bitbunnny]

There are so many analisys and predictons about Bitcoin halving but we have to admit that we can't really know what impact exactly will halving have on Bitcoin price.
Most predictions go in the way of price increase because halving will cause scarcity and thus increase demand which will trigger the price growth.
However, even if price pump happened it might be only on short breath not long term and we can't exclude possibility of price dump too.

[Latviand]

Despite all the wishful thinking, there is no correlation between the halvings and the price.

There is some correlation, but its less pronounced than some people think. Furthermore, as time passes, the correlation is less and less. The main reason is that the vast majority of coins are already in the market, so production affects supply much less than ever before.

Consider that out of 21 million only the last 3 million are left. Most of the weight, and eventually the whole weight of the price of bitcoin rests solely in the market forces, buyers and sellers.

Will the market value increase due to the increase in demand someday? My idea is that, the amount of Bitcoin to be mined is getting little whcih means that the supply will be limited to those in the market, in the future, if that day would come that all Bitcoin are mined. Will be a matter of demand and supply, what do you think? Feel free to correct me.

Even before now I have seen a lot of people that have done this analysis and I strongly believe that there’s going to be an increase. However there’s been news about the US government auction of about 18 million dollars worth of Bitcoin or so (can’t remember the amount that was mentioned ) and some people have been speculating it might pull down the price of Bitcoin.

Though I’m thinking that even if it does go down before the halving, after it will still go back up? Since halving will create scarcity, that scarcity will cause the price of the asset to start increasing.

This is what I am trying tk point out, the "scarcity" thing. If that's the case, there is a huge chance for the price to go up more alike with real estate and other stocks. But it is not still assured that halving will be the main thing to trigger the uprise of its market price, there could be other factors.

[KiloFoxtrot]

Do you think Bitcoin price can reach $10,000 before the halving in 5 days?

https://coincodex.com/article/8025/bitcoin-dominance-analysis-btc-dominance-on-the-move-as-it-breaks-200-days-ema-in-the-week-before-btc-block-halving/

Yes, I believe that it will. Unfortunately, I hesitated and waited too long to buy myself some before the halving. In the short term, this might be seen as a loss for me (if it increases further). But for the mid term, maybe not (I'll just wait for it to go down again).

[bitgolden]

Inflation is the biggest reason why price would probably go up, because there is less inflation going on with less bitcoin printed every day. Think about it, you are considering the block reward going down for just one block reward, count that as one whole day, count it in weeks, months even years. That will actually have a big big change on bitcoin landscape because of it. That is why I really think that this is a long term thing.

I have already got myself some bitcoins and I am ready to not sell it until the next halving, if I can hold it by that time I am sure I will make at least 200% in profits and to make that much profit in 4 years is something you can't do anywhere else. That is why it is vital to get into bitcoin right now and not too late.