My first experience of Bitcoin halving, I'm excited.

[Harlot]

Bitcoin is ponzi-ish
But for Bitcoin to have value it requires more people to recognize it and follow it. For Gold to maintain liquid value it requires a consistent flow in relation to currency. That will not make Gold a Ponzi scheme. 400 million a month into BTC is a drop in the bucket (according to a tweet I saw during my research).

My question is what price do you predict Bitcoin to be after this Halving and also I would like to get more details as regard to the Halving event. Does it have a venue?

Bitcoin was never a ponzi scheme nor an exit scam since even if its price is too volatile it doesn't mean Bitcoin is a ponzi. Another point on why Bitcoin is not a ponzi is the way Satoshi introduce it as a alternative mode of payment for a P2P tranaction rather than an investment, Saotshi didn't mention anything about Bitcoin having high yields of return nor it being an investment. Simply the volatility we have now is caused by our own doing and no one else.

That will not make Gold a Ponzi scheme. 400 million a month into BTC is a drop in the bucket (according to a tweet I saw during my research).

My question is what price do you predict Bitcoin to be after this Halving and also I would like to get more details as regard to the Halving event. Does it have a venue?

If reading is what you call "research" then I'm afraid that you still have the wrong way of doing it. Research required more than reading anything and believing that it will happen just because someone wrote it in the internet.  Of course if you are expecting a 13,000% return then anything not near to the volume expected to that tweet would be a failure but don't even expect that Bitcoin can repeat another 13,000% price increase since we are in a far more worse market condition compared to where Bitcoin have stand out in the past. Halving doesn't have any exact date but it is expected to happen around the 2nd week of May.

[Oasisman]

I am sure many people have the same thing as you, especially if they know cryptocurrency after 2017-2018. Yeah, it feels excited to wait for the halving time because we want to know how the higher bitcoin price will increase after the halving time. But maybe we need to calm down and not expect the price will skyrocket as soon as the halving moment happens because the price will increase after a month or so. You need to prepare yourself by having much bitcoin from now on before the price start to grow.

There's no guarantee that Bitcoin may skyrocket this year around. We have a lot of negative events, news, and one of the worst global economic downfall. Though, it doesn't directly affect the cryptocurrency, but It will somehow hold back a possible bullrun that can initiate a new ATH.
Anyway, Bitcoin tends to skyrocket after a year from the halving. So, I guess even after the halving is still considered as an accumulation phase, depends on the price figure as well.

[Questat]

wow, I can feel that you are still being optimistic despite the global crisis that we are going through now.
I'll be very happy if you'll enjoy that experience, it means bitcoin will have to rise many folds to get your expectation, I'm not closing the possibility here, hopefully it'll happen.

[ballerin and giroud]

My question is what price do you predict Bitcoin to be after this Halving and also I would like to get more details as regard to the Halving event. Does it have a venue?

I will predict that bitcoin price after halving is more than $20.000 or at least at the end of this year bitcoin price will touch more than $20.000. I don't think its price will slump down after the halving event like most people talking now. It will be hard to put aside the halving event, as you talk in the OP that most halving event had given the draatically increase price which I think it can be happened for the current halving event.

[el kaka22]

I have been around enough to see two halving so far and this will be my third one when it happens, I can tell you that people are going to be very upset when it happens. The reality is halving never really increases the bitcoin price right away, which some people have been waiting for months now, even for a year, and when the price doesn't go up all of a sudden they will be upset and sell. What they are not understanding is, halving is not something that affects bitcoin right at that day, some think that the moment we have halving price should go up but that is not how it all works.

However in long period of time miners will not make enough profits and that will show in later stages, after months and months of nothing too huge, we will start to see an increase over a long period of time, that is the good part of halving, if you can wait.

[ethereumhunter]

I am sure many people have the same thing as you, especially if they know cryptocurrency after 2017-2018. Yeah, it feels excited to wait for the halving time because we want to know how the higher bitcoin price will increase after the halving time. But maybe we need to calm down and not expect the price will skyrocket as soon as the halving moment happens because the price will increase after a month or so. You need to prepare yourself by having much bitcoin from now on before the price start to grow.

There's no guarantee that Bitcoin may skyrocket this year around. We have a lot of negative events, news, and one of the worst global economic downfall. Though, it doesn't directly affect the cryptocurrency, but It will somehow hold back a possible bullrun that can initiate a new ATH.
Anyway, Bitcoin tends to skyrocket after a year from the halving. So, I guess even after the halving is still considered as an accumulation phase, depends on the price figure as well.

Yes, that is true, but at least, we will see bitcoin may skyrocket before or after halving, and that can happen though we don't know when it's happening. I am sure the bull run will come again sooner or later, and we can make another biggest profit again. It is my second halving experience, so I think the price will go up and down first like before, and then the price will start a rally to the highest price. But no one knows about that, and we can only guess right now while we prepare for the coming.

[buwaytress]

I was a bit unenthused during my first halving (2016), and I do remember the chatter online was quite frenzied though, even gambling chatrooms were talking about it nonstop, so when it did pass by, not a few people were disappointed -- though the resulting increase not in the next 6 months but the 12/13 months AFTER that: wow.

I've noticed the distinct difference in chatter online now, but I suspect that's because a lot more people are aware today than in 2016. Like you, I don't foresee another 12,000% increase, at least not in the same immediate timeframe. But also, as you say, maths does not like Bitcoin.

[wozzek23]

As long as we do not go up, I will be happy. Think about it, there are SOOO many people who have been waiting for the bitcoin halving but they are all buying right now or they have already bought so far, which means buyers are all done, so how do you think bitcoin price will go up after the halving? If all buyers bought before the halving date, who will buy to increase the price?

Bitcoin price only goes up when someone buys it, buyers have to be around and buy as much as they can in order for bitcoin price to go up, if they all done it before the halving how could price go up after halving? I am assuming buyers will all wait for it to go up, and when they see that nobody buys, they will start to sell. Which is why I would be happy if it doesn't go down, let alone go up.

[stomachgrowls]

I have been around enough to see two halving so far and this will be my third one when it happens, I can tell you that people are going to be very upset when it happens. The reality is halving never really increases the bitcoin price right away, which some people have been waiting for months now, even for a year, and when the price doesn't go up all of a sudden they will be upset and sell. What they are not understanding is, halving is not something that affects bitcoin right at that day, some think that the moment we have halving price should go up but that is not how it all works.

However in long period of time miners will not make enough profits and that will show in later stages, after months and months of nothing too huge, we will start to see an increase over a long period of time, that is the good part of halving, if you can wait.

This is what most people do have that kind of wrong perception towards halving on where they do believe that the price do suddenly react on the specific date of the event. This had always been having a long term effect rather than on shorter or instant one and this should how people do see on things so that they wont get upset if their expectations had been broke down.  

When we do talk about increase of price then this had always been a question.We can always try to compare on what happened in past halvings but we cant be sure that it would happen on the next one or in future.
12000x increase? Im sure that it wont happen on this particular price.Its too unrealistic on going overboard or in talks of 200k-400k per coin.

[KTChampions]

Third Halving
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..

If this is why you're here you're going to be disappointed.

When I read posts like this I start to feel scared for Bitcoin. If the community is really built of people who wait for the halving "because 400 thousand!" "dude I'm gonna buy a car and a house next year because this bitcoin man you put 100 dollars and get 10 thousand after a year!" bitcoin is doomed. At least in the short term.

I don't agree with the post above me that it's over for Bitcoin because it's not, but if it is it's because of greedy people who dream of how many dollars they will get for their coins in a year.

100% true!
I always say that those people who come to the crypto just to earn more fiat are a negative factor for development. Unfortunately, fantasies about tothemoon have long been a part of the crypto community and many of its members simply do not understand when I try to explain the incorrectness of this position.

[samcrypto]

I’m happy to know your experience and I hope that pump to happen again. Honestly, right now bitcoin becomes more volatile and its hard to predict the market and I don’t want to be disappointed with bitcoin that’s why I’m not creating any big expectation. Maybe, a $10k up price will be fine again and if there’s a chance to make a new ATH why not.

[Questat]

Maybe, a $10k up price will be fine again and if there’s a chance to make a new ATH why not.

But I would be happy with $10K as this is a different situation, bitcoin rising at $10K and maybe end at this price this year is a good price already IMO.
Though there is a small rise compared to what we are expecting, but to be profitable during the time where there is a global crisis is something special.

[Reid]

You see that the second halving date was 2016 and yet it was December of 2017 when the spike happened.

You will need to be patient and get the excitement on hold.
It might be happening this May of 2020 but the increase won't be that fast.
Adoption takes time.

What could you do while waiting?
You will need to have luck and patience.
When you see a big opportunity to buy then do it without hesitation. You already know what could happen afterwards. Better be ready with bitcoins in your wallet.

[cryptoaddictchie]

But I would be happy with $10K as this is a different situation, bitcoin rising at $10K and maybe end at this price this year is a good price already IMO.
Though there is a small rise compared to what we are expecting, but to be profitable during the time where there is a global crisis is something special.

During that times of halving for the first two OP stated I am sure there were also global crisis happening but nevertheless bitcoin still surge. Well the difference is during those time only few people were in the circle of bitcoin. But with the last bull run, we could say it hits the peak and now were in a crunch table trying to figure out which path it would take.

I'm not saying OP's happy thought about it is wrong. Statistic is never wrong or right. It's just no one can really know what will happened. Some crucifiying OP for wishing it might also wrong but we will just see how it goes when it actually happened.

^{I would be happy if it reaches 10k at least too most realistic and closer guess.}

[buwaytress]

During that times of halving for the first two OP stated I am sure there were also global crisis happening but nevertheless bitcoin still surge. Well the difference is during those time only few people were in the circle of bitcoin. But with the last bull run, we could say it hits the peak and now were in a crunch table trying to figure out which path it would take.

I'm not saying OP's happy thought about it is wrong. Statistic is never wrong or right. It's just no one can really know what will happened. Some crucifiying OP for wishing it might also wrong but we will just see how it goes when it actually happened.

Yep. 2012 and 2016 were very different times. 2012, I didn't even have a smartphone. People were only here for Bitcoin talk, 2016 it had already spilled over into social media but businesses and investors were just about to kick it up, and crypto media didn't have the following and hyperbole quite yet. I didn't even have social media in those times, just a very inactive FB page for work. By the time everyone and everyone else not already on social media is all hot and heavy on Twitter and reddit. You can't not have heard about halving by now with the sheer frequency of it being plastered all over.

Very different times.

[ScamViruS]

Bitcoin price have connection with halving. You should make a long-term plan. Everyone is excited. Because if you look at what happened to the market after the last halving, you will understand why everyone is excited. The bull market started after the last halving. Which led to bitcoin at historic price. So everyone is expecting something good from this halving. But many times the market goes the opposite of majority.

[adaseb]

I was around for the 2016 halving, when the event passed it was pretty awesome watching the blockexplorer printer a new block which only had 12.5BTC as the miner reward. I think in some areas of the world there was tons of bitcoin halving parties. And this was in 2016 before the crazy FOMO of 2017.

I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.

[noormcs5]

Third Halving[/b]
May 2020
If Bitcoin happen to do another 12,000% - 13,000% we would see $380,000 - $400,000 per BTC..

Unlike the previous patterns, No guarantee Bitcoin will ever do another 12,000%. Much like the % will be a lot smaller, but with Bitcoin hope is certain and mathematics does not like.

This time around a lot of people are expecting bitcoin to go to at least around 50,000$. There are a lot many people who are holding bitcoins as compare to 2016 and 2012. I can't grantee that the results will be same as previous year halving because when everyone is ready to take the profit, the whales have some other plans 

[buwaytress]

I was around for the 2016 halving, when the event passed it was pretty awesome watching the blockexplorer printer a new block which only had 12.5BTC as the miner reward. I think in some areas of the world there was tons of bitcoin halving parties. And this was in 2016 before the crazy FOMO of 2017.

I think if it wasn't for covid19 there would be more bitcoin halving parties like in 2016, however due to social distancing its obviously not going to happen. I also heard about the 2012 bitcoin halving, the first halving. The guy had like a Radeon 5950 (or something similar) gpu which mined the winning block, and later I think he sold that GPU because it held some sentimental value. Crazy times.

I heard about those bitcoin halving parties, yeah, but I don't think they were really as big as people were thinking. I mean, even Coinfest and stuff like that is really at most thousands of people (but that's a lot!). It really FOMO'd in 2017, all those parties and cruises and Lambos driving around.

I mentioned the post about 1st halving here: https://bitcointalk.org/index.php?topic=5201543.msg54188020#msg54188020

Maybe we should have a remote halving party eh?

@btc_angela: fingers crossed, but if it doesn't happen, more time to accumulate sub-10k right?

[Lomberjack]

I am sure many people have the same thing as you, especially if they know cryptocurrency after 2017-2018. Yeah, it feels excited to wait for the halving time because we want to know how the higher bitcoin price will increase after the halving time. But maybe we need to calm down and not expect the price will skyrocket as soon as the halving moment happens because the price will increase after a month or so. You need to prepare yourself by having much bitcoin from now on before the price start to grow.

That is why it is important for the holders to anticipate what might happen in the future even with the current circumstances. The corona virus have greatly affected the standing of Bitcoin, making the price of the coin lower than what most people expected as the time of halving comes closer. We should be careful when considering to sell Bitcoin in the present because, it could be a huge loss when things have settled and halving comes into effect. This coming months for me, would be the game changer for this bearish market, hold Bitcoin before it is too late!