With Effect On global economy, will Covid 19 affect expected Bitcoin Halving?

[Jannyh]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

[bitkanu]

The impact that will be given by bitcoin halving event will not so big as it was. I believe there will a lot of differences. The world economy is also playing a big role in the growth of crypto. When it was in the healthy condition and people will not feel doubt to spend their money to buy or invest in crypto. The opposite thing may happen.

[Byakuga]

At this time COV-19 have ruined everything, believe me, it won't be big as we all expected, there will always be dumps after the Halving because many will need money, once Bitcoin recovers a little some will not hesitate to sell

[avikz]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

Ideally, we could have seen an uptrend in bitcoin price already due to the upcoming halving. However, COVID-19 actually messed up all calculations for crypto market as well as for the real world stock market. If we look at the history, you will see bitcoin has gained a good percentage after every halving events that happened in past. You can refer to the below article to know it better,

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

But at this current situation, it looks really really hard to see a sustainable uptrend in bitcoin price. Even though speculating, but I don't think we will be able to see a sustained growth before September 2020.

[aemma]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

Currently the fear and the panic which has been induced by this pandemic in various markets is still having its unfriendly effects and with no cure forthcoming, it is creating more anxiety which is not good at all for the crypto market. In the case of halving, it might not meet the expectations we are placing on it but it might result to something good. It is humans that are the driving force of the crypto space and now, virtually everyone is affected in one way or the other be it in business etc, so there is divided attention currently which can't be argued; this divided attention is what I think is the problem.

[FireBallex]

It's already affecting bitcoin, many investors are now dumping their coins to stay alive and I'm sure the same will keep happening right after Halving takes place

[Perfect35]

With the recent performance of outlook of the market, it shows clearly that the pandemic might not have much negative effect on the forthcoming bitcoin halving.
Do not be surprised that you will see a lot of people coming in to invest in crypto, most especially by the time they see that the market is growing despite the COVID-19 outbreak. Folks are seriously waiting for the halving. We are already in April and it is now very near. Which means very soon there will be an unprecedented response from the market.

[mersal]

Still we have a month left for the halving so things will get settle down before that so chances of movement will turns into bullish if we have control over the spread in the upcoming days so the next couple of week is really the key point whether the prices will go bearish or bullish.But for now the price seems bullish so buy now if you are a long term investor.

[joybella]

It may it may not. The cryptocurrency market quickly recovered from the sudden crash of the pandemic and has been holding strong especially the Bitcoin market
This crisis will not after the halving coming up next month.

[disconnectme]

There is doubt this Chinese Virus has actually affect the price of BTC, if not for the Virus the price would be around $14k, we are where we were around November last year, it has set the market back by 6 months, If this Virus persist after halving, the price might dumped great, people just need to prepare for the unexpected

[exstasie]

Ideally, we could have seen an uptrend in bitcoin price already due to the upcoming halving. However, COVID-19 actually messed up all calculations for crypto market as well as for the real world stock market. If we look at the history, you will see bitcoin has gained a good percentage after every halving events that happened in past. You can refer to the below article to know it better,

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

But at this current situation, it looks really really hard to see a sustainable uptrend in bitcoin price. Even though speculating, but I don't think we will be able to see a sustained growth before September 2020.

In 2012 and 2016, BTC was in obvious bull markets. This time that is not the case, not to mention the global investment context, so I don't have the same time expectations around the halving this time.

By year end or early 2021, I expect people to be widely questioning or giving up on the "4-year cycle" and stock-to-flow model. That's when things might turn bullish again. The market is still following this trajectory so far:

[hatshepsut93]

Halving is a technical event first, not an economic/speculative one. The hashrate declined a bit after the crash, but nothing too big, so there's no reasons to worry - the halvening will happen within the expected period of time. If you expect it to instantly boost the price, this was never the likely scenario anyway, the halvening is always priced in long before it happens, so it was unlikely to happen even without the epidemic.

[mahilchii]

Well, it looks like COVID-19 will not impact the halving is the price of BTC is slowly going up which I would say it as a advantage. The last two halvings were impressive and I believe it will not disappoint this time too.

I am planning to buy some asset before halving as I am very confident that the price will go up, guys just have patience and wait for few more days...

[Wexnident]

Any steady progress would probably not be seen in the next few months. The price progress recently has probably stemmed from the price pretty much being low, and the fear and panic subsiding quite a bit. Nonetheless, the virus itself still exists and no solution has so far been released. This just shows that the situation hasn't stabilized yet, and it would only be as such if a vaccine is released. I'd say that if any bigger outbreaks occur once again, prices might just drop suddenly like the recent $3.9k drop. So far, authorities have been doing quite well in isolating infected cities and the like, but you never know what could happen in the near future.

[milewilda]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

Might not be fully correlated but as we can see on how thing goes on other market as well which we can really presume that it would give out such impact and thats why
im not really expecting too much on what would be the situation on the halving event but somehow we can see the price had break 7k once again at this moment which
do somewhat ease the stress than seeing going down to the floor.For now its better to utilize movement and dont expect much on halving event and as long you have bought
on low levels then for sure you are making money now at the moment.

[Lucius]

Halving is a technical event first, not an economic/speculative one. The hashrate declined a bit after the crash, but nothing too big, so there's no reasons to worry - the halvening will happen within the expected period of time. If you expect it to instantly boost the price, this was never the likely scenario anyway, the halvening is always priced in long before it happens, so it was unlikely to happen even without the epidemic.

Some may think that halving will be delayed like everything else, but fortunately the virus cannot disturb such things, so BTC halving will happen exactly according to the technical specifications. Of course, it is quite another question whether this event will cause the price to rise given the current economic situation. No one can say that with certainty, but if the world manages to deal with the virus and if the economy restarts, I believe it will have a positive impact on BTC.

Some may think that the current price is low, but it was even lower last December, and I am quite pleased with how BTC is coping with this crisis. From a $4000 low to $7000+ today is only proof of resistance and many people who still believe in this project.

[aakashsangwan]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

I believe that crypto prices shouldn't be influenced very much by the spread of covid-19 after the recent fall that we have seen. As crypto is based on the miners selling their coins against the buy wall of the buyers, so now the number of new Bitcoins mined will be reduced to half and now for the same amount of electricity consumed the miners will get half the reward so this should affect the bitcoin price positively.

[justdimin]

Depends on the world, not the crypto community. If the world actually keeps recovering and everything goes great, then we will definitely see an amazing increase during halving as well, we dropped enough to make it not worthwhile to mine and some machines even closed down during this period, they will want to sell higher and with more and more waiting around these prices plus the halving that will mean there will be more and more miners who will hold instead of sell which will cause the market to have lack of selling and that will make buyers buy from higher prices to get their hands on some bitcoin no matter what the cost is.

Obviously, this is also a wishful thinking because not all the time what you expect happens, sometimes an unexpected thing could happen as well.

[michellee]

I hope that Covid-19 is not impacted negatively on the bitcoin halving process, but it might impact the bitcoin price. And if we take a look at the conditions, bitcoin is work on the internet, while the Covid-19 exist in real life, so both Covid-19 and bitcoin are not related. But if people are panic because something happens in their real life, that can impact people who have bitcoin, especially people who don't have much bitcoin. They will save their money first, and maybe they will sell some bitcoin that they can stay survive in real life.

[carlisle1]

With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020?

COVID-19 had stopped the momentum of early Bear for the halving that ends last march 12,so basically there is a effect.

For me I have watched closely,  the movement of bitcoin from the bearish to bullish, back  and forth. Could it be worse with this pandemic?

it can be worst since there is still no cure found for this virus,But it can be Bull if it can be found earlier this quarter.

The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?

i will just go with the flow,because i have already manage to gather enough budget until the quarantine ends so my family is safer now and my holdings will remain intact until the market Blooms again.