Will Bitcoin Price Halving succeed with Currently Situation

[davis196]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The term "price halving" in your thread title is wrong.If you don't know what BTC halving actually is,then you should read more about the subject,instead of posting pointless forum threads.It's called halving because the BTC reward,that miners get after every successfully mined Bitcoin get decreased by half.
This has absolutely nothing to do with the current Bitcoin price.The last BTC halvings at 2012 and 2016 occurred when the Bitcoin price was below 1K USD,so why do you even ask this question.

[20kevin20]

Why wouldn't it though? BTC Halving always comes with it times of uncertainty / high volatility, bitcoin is literally doing the same it's been doing in the past, albeit this time is a bit exacerbated by the current world events that people are looking to cash out, but other than that I see no point for halving not to go through successfully as it has done in the past.

I did not say the Bitcoin halving will not succeed. I said I don't expect the price to change positively like before because of the recession. The halving will obviously happen under normal conditions. This doesn't have to change as it's the mechanism of BTC and the mechanism isn't affected by the virus/recession.

However, people are in doubt about basically everything right now: authorities are intentionally not taking the necessary measures to stop the virus, gold and silver which were considered safe havens are falling together with cryptocurrencies, stocks are (or at least were a few days ago) hitting the ground and so on. Everything's uncertain as of now so I don't see why people would get hyped about BTC during a recession. There are way more important things to think about right now, BTC has probably fallen from the top on many people's lists of priorities.

[conected]

I do not think that it would be a profitable moment for all the bitcoiners.
( But then again it's purely speculative , therefore is not a reliable option)
Due to Corona virus , buying and selling of bitcoins is much into demand , banks are failing , economics are going down , people are paying 1000$ for a test without insurance. . .
The whole world is in a chaos and I do think , Halving is least of our concern .

- Halving bitcoin is not really successful at this time, market capitalization seems to be shifting to individual wallets, where people wanted cash to spend during the peak epidemic, the economy and many other investment sectors are still suffering heavily, and bitcoin will not be able to become an exception. But at least, we should still be happy with the arrival of halving, when the situation is in crisis, such good information will help maintain the price of bitcoin, prevent it from falling too deep and unable to return.

[pawanjain]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Bitcoin has faced worse crashes in it's history and that too multiple times and so compared to that we are in a better phase as of now.
We don't know yet how long this Covid-19 situation will last and hence we can't say if the upcoming halving will over take the Corona crash or not.
If the global economy stabilizes by the time halving occurs then may be there are chances that bitcoin might rise again.

[BuNga_cute]

To be honest I was hesitant to see the conditions now, can make bitcoin halving successful. Evidently I was wrong, bitcoin halving will be soon
happened a few more months. However, in the end we can see that today the movement of bitcoin is getting more positive, the price of bitcoin
is increasing despite the increase slowly. Now bitcoin is already priced at $ 5800 and I am sure it will continue to rise, at least it can return to
the price of $ 10k. Hopefully it can be more fast rise in bitcoin prices. So halving that will occur around May 2020 will be a success and all
will be smooth without problems.

[DeathAngel]

The price is starting to recover, hopefully we’re past the worst now. Just the fact that we have the halving imminently SHOULD theoretically provide us with upwards pressure in the second half of 2020.

[kryptqnick]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Bitcoin halving (I mean the reduction of the rewards of miners) will happen as planned somewhere around May. As for the price going up, that's unclear. I think it can happen because whatever happens with COVID-19 at that point will be something people are used to, so I don't see why the price wouldn't recover. It might not happen right away, but I do believe in Bitcoin's recovery at some point. When it happens largely depends on whether the world economy will collapse and when. Apparently, Bitcoin is not that trusted to go up in such an event yet, so the recovery can get postponed.

[Reatim]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is  at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

[wxxyrqa]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Actually it is 46% and not only 35% but now?bitcoin is  at growth with 11% and still growing.

What i mean here is even without the effect of halving (because the price is too low so Miners will not sell their bitcoin) i believe that after the Corona Virus effect and after the world freed from this epidemic?for sure market will Bull again and thats what i think something we must pray to come.

Historical indicators indicate that halving in any case should positively affect the price of bitcoin.  But I have the impression that many cryptocurrency users do not think about the results of their desires when they expect a drop in the price of bitcoin in order to buy a cheaper coin.  Each time the market falls, it is very difficult to lift it from the bottom.  It is necessary to take into account the fact that with negative events in the cryptocurrency market, many potential investors are disappointed and leave the market.  I believe that the situation cannot be brought to such a degree of complexity.

[crustycrab666]

The crypto world is always full of surprises, right? The COVID 19 pandemic made the economy weak, all markets had a downward trend, so it affected the crypto market. The peak was an extreme decrease in single day -26.7% on March 12, but today there was a positive movement, an increase of 20%. This trend is quite good, meaning that the market can still rise in a relatively fast time. So I am very optimistic that this will not have a big effect on halving later.

[K4C]

No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.

[adzino]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

The drop isn't permanent. Eventually the price will start to recover and rise back to where it was. On other hand, the halving will cause the supply of the new generated coins to go totally half. Thus the amount of new coins that will circulate around the market will be lesser compared to previous years. Thus, this will in turn cause the price to increase. Now, people will want to take advantage of this halving. The prices have already dropped and people will try to invest as much as they can to maximize their profit from the halving. Thus, the price will start to rise due to increased demand.

[princerepon]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

At this situation it's really complicated to say. Because right now people are facing more than halving thing. Mainly halving didn't created for btc price bump. It's a thing which means for cutting half of the block reward. And we all have point that around that time there are many chance to bump btc price(which have logic though). Well in my opinion if we won't find a solution for current global crisis then it's tough to recover btc price during halving. But positive news is btc price is already start to rise which gave people little bit hope.

[Twentyonepaylots]

To be honest I was hesitant to see the conditions now, can make bitcoin halving successful. Evidently I was wrong, bitcoin halving will be soon
happened a few more months. However, in the end we can see that today the movement of bitcoin is getting more positive, the price of bitcoin
is increasing despite the increase slowly. Now bitcoin is already priced at $ 5800 and I am sure it will continue to rise, at least it can return to
the price of $ 10k. Hopefully it can be more fast rise in bitcoin prices. So halving that will occur around May 2020 will be a success and all
will be smooth without problems.

As of the moment bitcoin's price plays around $5800 to $6000. This is indeed due to the panic the pandemic COVID-19 is causing. And many are speculating that once everything is settled bitcoin will bounce back. However, I believe that this dump happening right now is a mere chance for us to buy more coins in to get more gains when the halving comes in. Hopefully the whales saw through this and are already planning on pumping money into the system so at least when the halving comes around may. We will be able to get high gains, which may or may not reach another ATH like what happened last 2017.

[gundala]

Bitcoin has seen huge dumps more than this and even returned to lows other than that what we just witnessed. Yet every time it survives and comes back as never before. I think this is just the beginning and we are likely to see another rise in the price of market as the halving approaches again.

True, although not the deepest decline in BTC in a single day but including the worst in the last 5 years, the information here. We all know that this is only temporary, because of the rumors and news that can affect price movements. And today we see a lot of green candles on the market, this is a good sign, the uptrend is starting to appear, while the stock market in the world is still red. Usually before halving there is always correction and I think a few days ago was the best time to collect more coins, even if counted per day it was already profitable. If this trend continues to be positive then after halving later there will definitely be extraordinary surprises again, yes even though it cannot be certain to surpass ATH, at least there is a high bounce.

[Sadlife]

With the massive quantitative easing doing by the fed to save economy, it's actually doing the opposite as they're only making matters worse. If they continue mass printing of money then it would make loyal fiat and stock investors flee the monetary and will start to look for decentralize system which where Bitcoin would come in.

[thesmallgod]

As long as people are still trading and making use of bitcoin for products and services, I strongly believe the short fall will recover and the halving will have the influence on the price. To what extent the halving will have on the price is what no one can predict

[FlightyPouch]

If situiation is going to be worse then halving wont save us

The price is getting better and even if it continuously fell this week, I think halving will still be effective in a way to save the price from falling down. The price immediately rose, a bit surprised that it recovered so easily just after a night. It might still increase now so for the people that already dropped their btcs, you learned your lesson here.

[XCANA]

Bitcoin price drops almost more than 35% compared to the raise marked previous months, and it believed that bitcoin halving will raise the price, will it succeed as predicted before with current market and economic conditions.

Absolutely yes, the price of Bitcoin will soar higher than we never think of because of the recent happenings around the world of coronavirus. This will make the Bitcoin halving gather more weight than before, meaning, now that the situations have been in control more investor's will like to invest in Bitcoin this time. Also, the reasons of sty at home and work from home with also play a greater role in Bitcoin ATH, though, till then. Before the month of May, 2020 we're going to hit a good price rang like $15,000 though its just a speculation.

[katiepower]

The price has already started to rise, and I think the situation will stabilize in the near future.