Bitcoin Halving 2020 and Altcoins

[Bitcoin Marketing]

Hey members,

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption, but also the major Altcoins.

Happy to hear ideas and speculations

Thanks

[stomachgrowls]

Hey members,

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption, but also the major Altcoins.

Happy to hear ideas and speculations
Thanks

You can read up some insights from other people towards this event into these threads..
https://bitcointalk.org/index.php?topic=5238935.0
https://bitcointalk.org/index.php?topic=5233739.0
https://bitcointalk.org/index.php?topic=5201543.0

Just my own opinion about this one, its really hard to tell on what would be the situation in upcoming halving event and since we are still on a difficult situation
i dont really expect that much.

[Febo]

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption.

Halving will reduce pressure on supply. That is all. For price to increase you need increased or at least same demand. With a huge recession that is hard to expect. Just look what is happening with small business in China after 3 months of lock down. Expect the same in Europe and USA 2 months from now.

[Bitcoin Marketing]

Remember this Halving is coming right when governments around the world are printing FIAT which will cause Inflation like lego effect.
And therefore it may cause more adoption funnels and much more mainstream acceptance, and in this case, price will also go up

[sujonali1819]

The halving date is very near. 12 May 2020 16:26:01 UTC , So there are 28+ days left. If we see the past history of halving then we can see the market has influenced much due to halving. Maybe we will see that in this halving also. See the image below...


source: bitcoinblockhalf.com

I think bitcoin will surely pump due to this halving. But since the world condition is not good for that it may take some time to start the journey. And top
altcoins will follow the bitcoin journey.

[mahilchii]

When we have a look on the past two halvings it looks like this time the price will go beyond 10k this is my personal opinion, because we are already struggling in COVID-19 as situation is worsening everyday daily life has been badly affected and people are ready to sell their asset to survive.

The key factor is maximum number of European people have been affected where you can find more investors so it's pretty hard to predict the market right now, at the same time altcoins price will be dependent on BTC price without any doubt.

[Fundamentals Of]

If the halving of Bitcoin reward in the days to come will have an effect to the price, it will be within Bitcoin only. I don't think the prices of the altcoins will be affected. Perhaps, if there will be a dump in the price of Bitcoin and the crypto investors would make the best of their investment, there might be some altcoin dumping that follows in order for them to make use of the cheap Bitcoin price.

[TheAndy500]

Remember this Halving is coming right when governments around the world are printing FIAT which will cause Inflation like lego effect.
And therefore it may cause more adoption funnels and much more mainstream acceptance, and in this case, price will also go up

That is why this moment is so special for cryptocurrencies and at the same time so unpredictable.
We have already seen what happened on the cryptocurrency market after the first signs of the global economy crisis showed up. Instead of increasing the BTC price, we had a huge drop.
Of course, it is logical that printing money around the world will boost inflation, which should increase cryptocurrency prices. However, if investors recognize cryptocurrencies as part of the global market and begin to withdraw from investment, unfortunately we can observe drop in cryptocurrency prices.
Personally, I hope that people will understand what the real value of cryptocurrencies is and for many people crypto will be a salvation from the loss of value of money.

[Bitcoin Marketing]

because we are already struggling in COVID-19 as situation is worsening everyday daily life has been badly affected and people are ready to sell their asset to survive.

This is key factor in this halving, which was not the case last two times.
People are selling assets, true, and from the other side, people keep their cash and waiting to see how it goes toward end of 2020, so maybe not much free to invest in Crypto ( unless they are into it already ... ) anyway lots of parameters and no one can say where it will go this time, we will hope for the best to come

[amishmanish]

I was skeptical but i see that there is a strong anti-panic approach that will get stronger by the time halving happens. 30 days from now, things would get clear and certain normal activities would begin to take place again. People will realize that we have to trudge along while taking precautions and that this is the new normal. Hopefully, testing would be accessible enough for anyone with symptoms to be quickly isolated with contact tracing.

In 30 days, when all this situation is back to normalization, bitcoin halving would possibly be one of the few good news out there. This can have a potential positive affect rather than the "people selling everything to hunker down in their bunker" scenario. At such low prices, and just before the halving, this is one of the best times to invest in bitcoin.

[stelee68]

most people in crypto are anticipating the price increase due to halving.

but we must take a step back and think- if the price tanks (because of covid-19 or any other reasons) when halving is done, what will happen?

the answer is clear- the price will plunge if that happens.

I choose to stay side-lined for now.

[Ridwan Fauzi]

Simple put, if your intention to make this thread for your income then you can easily buy bitcoin right now.

As for your analysis you can see its history. I mean bitcoin halving has been held for twice i.e at 2013 and 2017 ago, you can see the price movement of them before halving event happened.

[The Sceptical Chymist]

When we have a look on the past two halvings it looks like this time the price will go beyond 10k this is my personal opinion, because we are already struggling in COVID-19 as situation is worsening everyday daily life has been badly affected and people are ready to sell their asset to survive.

Those are pretty much my thoughts--bitcoin's price progress has been hampered severely by the outbreak, and I doubt the halving is going to have a major effect this time.  I've also always had the opinion that halvings are priced in well ahead of time, though I'm not entirely confident that's true.

In any case, I'm hoping the halving does have some sort of positive effect.  And someone mentioned all this free, printed money that's being thrown around, and usually when that happens (or there's very low interest rates), asset prices skyrocket.  In the long-term it isn't a good thing, but in the short-term it could make people a lot of money if bitcoin goes up.  We'll see.

[Bitcoin Marketing]

I think the positive effect we will see is in terms of adoption more than price

[Asuspawer09]

Hey members,

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption, but also the major Altcoins.

Happy to hear ideas and speculations

Thanks

Looking at the past bitcoin halving I guess a lot of us are expecting a positive effect on the market price of bitcoin.

For sure miners at going to get affected a lot of this event but thinking about it surely when the market price increases it might just be the same since it become harder to mine bitcoin and then the market price would increase also. Still, we cannot expect it already there are still a lot of things that could happen in the market price so we better be prepared either way we cannot predict accurately what could happen it might dump in the first week and increases after a month we just don't know.

[snipie]

Hey members,

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption, but also the major Altcoins.

Happy to hear ideas and speculations

Thanks

In few words, altcoins will follow bitcoin trending.
Now when it comes to bitcoin it is almost hard to predict what will happen in halving but having a steady or a small rise in the price before and during the halving will be good. If there is many people adopting bitcoin it will be great. Seeing the price skyrocketing few months after will be awesome!

[TheAndy500]

I think the positive effect we will see is in terms of adoption more than price

Certainly the first will be the price, because if it comes to the fact that adoption increases, it will be because investors recognize Bitcoin and cryptocurrencies as a safe way to place funds. If investors consider Bitcoin to be safe, then for sure the first effect will be a price increase and then adoption.
Let's hope that printing money and inflation, which will definitely accelerate, will have such an impact on Bitcoin.

[FanEagle]

Wanna hear your thoughts about the upcoming BTC halving we will all see soon and the reflection it will have in both the BTC price and adoption, but also the major Altcoins.

By observing how world economic is doing right now and how crypto markets have reacted to past bitcoin halving, I like to list few things:
1. Halving may not give immediate hype into investors as people are not doing good in this corona outbreak time.
2. Bitcoin may take at least 3 to 6 months of time for a new ATH.
3. Most altocins may get delisted from exchanges. New altcoins may enter and do good due to manipulations.
4. Institutional funds may start inflow into bitcoins before halving too which may turn all our speculations upside down.
5. Institutional funds may trigger FOMO before halving but that FOMO may sustain for years as world wide investors may not get attractive investment opportunities other than cryptos.

[Ryker1]

Well, there are a lot of theoretical explanations about Bitcoin halving and both of us have different thoughts on it. Most of us using technical analysis and comparing the previous price of Bitcoin in the chart. On that basis, --I believed that the result of the entire crypto market is good. Because in my conclusion, if the first and second halving there is a successful growth of Bitcoin perhaps this third time will remain the same. Indeed, all of this is unpredictable but we will see to it.

[Slow death]

do not create high expectations about this halving, with this pandemic one cannot expect large price increases. in short: this year is a great disaster for everyone and from what I see the situation is getting worse every day