Bitcoin Halving 2020 and Altcoins

[Free1bitco.in]

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

but it seems like so many people already think that the price of bitcoin and altcoin will go up high when the halving happens. however, that happened to halve in the previous year. Besides that, I also think that the price of crypto will go up, but I don't really think about the very high prices.

[pooya87]

the halving will bring a lot of hype with itself as it has already started, and that will surely lead to an increased buy support but the real question is that how much power the panic and the manipulation against the rise is going to have during that time because the sum of these two opposing forces is the deciding factor of the final price that will be reached in the next ~40 days due to bitcoin halving hype.

[Raflesia]

the halving will bring a lot of hype with itself as it has already started, and that will surely lead to an increased buy support but the real question is that how much power the panic and the manipulation against the rise is going to have during that time because the sum of these two opposing forces is the deciding factor of the final price that will be reached in the next ~40 days due to bitcoin halving hype.

I still can't speculate on this because in a pandemic like this there is still panic and also the necessities in life that many sell their assets before halving or even after, as well as manipulation the whales could control it because crypto market prices are often controlled by the pope I want the increase to be true so there is a lot of excitement when halving happens and the hype comes right.
But still thinking whether at all times the bitcoin crisis will experience a looming rise? or indeed more stable than the number 8k-7k?

[ethereumhunter]

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

but it seems like so many people already think that the price of bitcoin and altcoin will go up high when the halving happens. however, that happened to halve in the previous year. Besides that, I also think that the price of crypto will go up, but I don't really think about the very high prices.

Many people expect that in the halving of bitcoin, the price will go up high, so that makes them buy more and more bitcoin. I hope that in the next halving, we will going to see the increase in the price like the previous year, and I think the chance to see that will happen is wide open. But unfortunately, we don't know when that will happen, and we only could wait for that time. Besides the halving, right now, we are still at the pandemic which we also don't know when it's over.

[Janation]

I don't expect that much.

Despite the halving affecting the price of Bitcoin in the past positively, I don't think it would greatly affect the price this year. From people having doubts about what will happen and also to what is happening these days. Still, let's just see what will be the effect of it in the future.

[Lucius]

To some, altcoins are quite important because they have invested a lot in them and their value has dropped dramatically over the past 2-3 years. Now many are waiting for BTC halving as the only possible salvage solution and a big pump that will bring big profits for everyone.

It is likely that an increase in the BTC price will result in a price increase of altcoins, but don't bet on it with all you have. Last crypto winter clearly showed us that at least 90% of altcoins are completely worthless, that they have no purpose and that they represent a big investment risk.

Fore those who have hold such coins until now, only good advice is to hold them for future, it may be worth it - but if you have a plan to buy some cheap alts today, better invest that money in BTC or something else.

[Leon83]

When Bitcoin and other cryptos make new price discoveries, the same thing as in 2017 is going to happen. People will FOMO in when Bitcoin is making new all-time highs and they realize crypto is not going to zero.

[vintages]

In as much as many have speculated that this halving will pump the price of bitcoin, don't have too much expectation.
Too much expectation have led most cryptocurrency enthusiast into desperation of even borrowing to invest in Bitcoin. Expect the best but at the same time expect the worst.

As for altcoins, I don't think the halving will make much impact if the halving positively affect Bitcoin.

[samcrypto]

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

Its hard to predict the future movements of bitcoin because of the situation of many markets but if we are going to study the result of previous halving, the price of bitcoin doesn’t pump right away it took a year or so to reach its highest price. There are so many speculation about the halving, a month to go and we will see what’s next for bitcoin.

[el kaka22]

Not all altcoins are "waiting" if you ask me, I mean most of them are already building their own systems to go back up as well.
Look at ethereum, they weren't really expecting this corona virus thing, they started working on proof of stake transition before this pandemic started and they will probably continue with it anyway after this as well.

We were expecting 2021 for it anyway so I doubt it would postpone too much, it would probably be just a few months at most and they are probably working at home as well to build a great blockchain for it.

There are other altcoins who are making some changes as well, so all of them are not waiting, some of them do wait but with enough time they would recover anyway even without halving and see halving just as a push towards higher as a help but not a permanent solution.

[The Cryptovator]

I don't want to believe that halving will effect on altcoins rather than bitcoin. Although there wouldn't huge pump due to current epidemic but I am positive with upcoming halving. Most likely we will encounter a good positive movement due to halving. Most peoples are curious about upcoming halving and trying to accumulate some bitcoin. In a short result little uptrend is expected. As we know when bitcoin show positive move some altcoins show positive move as well. We would see just normal positive move for bitcoin during halving just like before, no over pump expected for altcoins. To be honest there was huge potential pump if we weren't encountered global epidemic. But now really very difficult to predict about halving.

[Reid]

A big event indeed which pushed through bitcoins popularity for the last years.

But, there is a bigger picture that is happening outside. The CoronaVirus.
There is still a chance though that those who don't know what bitcoin is or any altcoins will be seen.

Let us make myself as an example. Using internet like 14 hours in seven days and I bet a lot of us are in the same position.
Maybe now is the best out of all. We might not see bitcoin having a large amount of buyer (since people are spending everyday without income) but the fact that they will see it might be a good opportunity for the future.

[Bezobraznike]

A big event indeed which pushed through bitcoins popularity for the last years.

But, there is a bigger picture that is happening outside. The CoronaVirus.
There is still a chance though that those who don't know what bitcoin is or any altcoins will be seen.

Let us make myself as an example. Using internet like 14 hours in seven days and I bet a lot of us are in the same position.
Maybe now is the best out of all. We might not see bitcoin having a large amount of buyer (since people are spending everyday without income) but the fact that they will see it might be a good opportunity for the future.

   Let's not forget that many people have savings, savings in dollars, euros, and other fiat-currencies, and now
they are thinking what will happen with their savings after Coronavirus? Recession, inflation, or something third
that will affect their saving, it will lose value. In times like this one people who have something think about
long positions, to put the money that worth now in something that will survive the upcoming storm and maybe
even make some profit in long-term.

[Sanitough]

I don't want to believe that halving will effect on altcoins rather than bitcoin.

If it will effect on bitcoin then eventually it will also effect on altcoins.
That was the trend int he past, bitcoin had a bull run, and altcoins unexpectedly rise, even higher than bitcoin.

Although there wouldn't huge pump due to current epidemic but I am positive with upcoming halving. Most likely we will encounter a good positive movement due to halving. Most peoples are curious about upcoming halving and trying to accumulate some bitcoin. In a short result little uptrend is expected. As we know when bitcoin show positive move some altcoins show positive move as well. We would see just normal positive move for bitcoin during halving just like before, no over pump expected for altcoins.

This remains to be seen, bitcoin is still not stable, sometimes it rises but failed to break some resistance and it will dump again.

To be honest there was huge potential pump if we weren't encountered global epidemic. But now really very difficult to predict about halving.

I also think of that, but this is not a guarantee anymore.

[Apocollapse]

Just hold and watch bitcoin will be skyrocket

[Reatim]

A big event indeed which pushed through bitcoins popularity for the last years.

But, there is a bigger picture that is happening outside. The CoronaVirus.
There is still a chance though that those who don't know what bitcoin is or any altcoins will be seen.

Let us make myself as an example. Using internet like 14 hours in seven days and I bet a lot of us are in the same position.
Maybe now is the best out of all. We might not see bitcoin having a large amount of buyer (since people are spending everyday without income) but the fact that they will see it might be a good opportunity for the future.

   Let's not forget that many people have savings, savings in dollars, euros, and other fiat-currencies, and now
they are thinking what will happen with their savings after Coronavirus? Recession, inflation, or something third
that will affect their saving, it will lose value. In times like this one people who have something think about
long positions, to put the money that worth now in something that will survive the upcoming storm and maybe
even make some profit in long-term.

I got you there mate and yeah Seeing more searching about Bitcoin in Google?i think this is one way to tell that people now are looking for where they can invest their money to be safe from the effect of recession and this is Cryptocurrency(Bitcoin to be specific) so what do we need to prove?when the crypto market is the best option they have.so basically this is what the effect in good term of this pandemic.

[Bitcoin Marketing]

One thing for sure, the adoption will raise these days as people are looking for safer and long terms places to store their value
True, people have other things to worry about these days and it looks like the hype behind the halving event is lower than before. But, on the other side, everywhere there is a risk, you can find also good opportunity. World wide inflation is happening at this moment, governments are printing new money, to over come the economical disaster and in order to be able to support their people. So basically, every minute, your US Dollar bill, worth less, which means you better look for other ways to store your value – and that’s Crypto currencies can offer. Right after ( in some cases before ) people will look for their health, they will look for their money and its value, and Bitcoin like other Cryptos can be good solution. This is why I believe this time, after May 2020, we will see higher adoption of the Bitcoin as a coin and also as a concept, worldwide.

[Upgrade00]

From all the various comments, it's obvious that people share very mixed opinions on the halving and the effect it could have on the could have on the market price amidst the current global crisis.
Whether you share bullish or bearish sentiments, the important factor is to manage your risk. It's a gamble really and no one can say for sure the direction the price would go.

•Only invest what you can afford to lose.
•While drawing friends and relatives to Bitcoin, always tell them the potential risk and reward and let them make their informed decision, do not make it for them.
•Manage your portfolio; choose what coin to hold and which not to.

[carlisle1]

Just hold and watch bitcoin will be skyrocket

If afford to Hold then why not but the problem is if we are not ready for this market now specially those who are holding small amount and now in need of funds because of pandemic.

When Bitcoin and other cryptos make new price discoveries, the same thing as in 2017 is going to happen. People will FOMO in when Bitcoin is making new all-time highs and they realize crypto is not going to zero.

Lol 2017 is much far from this Halving,because in 2017 there is no Pandemic like now so even how the Price Discovery that you are pointing still now enough for this one.

[justdimin]

Isn't it all about the altcoin not dropping during that period as well? What happens is when bitcoin starts to go up, people move their money from the altcoins they have to bitcoin because that will make them a lot more money (at least what they think) since bitcoin is going up, so they do not want to miss the train and they actually go hop on that bandwagon. That is why many of the altcoins drop in price when bitcoin price goes up, people leaving their altcoins and moving to bitcoin.

So, if an altcoin manages to not get too many sells, or at least have the equal amount of buys, their price against bitcoin will stay the same, and since bitcoin goes up, that means the dollar value of the altcoins will go up automatically as well. That is just how it works in the markets.