What this Bitcoin halving bring? Does the Bitcoin price go up or down?

[gokumarket]

After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

[1715187638]

1715187638

[1715187638]

1715187638

[1715187638]

1715187638

[mk4]

Pandemic or no pandemic, bitcoin isn't guaranteed to go up even with the halving. Even if it would make sense for bitcoin to go up due to the reward halving per block, in the end, it always boils down to one thing— supply and demand. And since there's no way for us to know how much people would be buying and selling after the halving, there's no way to know how bitcoin will move.

[Rafael_Carrero]

Many bitcoiners believe halving will lead to a price increase, that's why it's considered to be very important event. The truth is, no one knows what's going to happen. On July 16, 2016, the day of the second halving, the price dropped by 10 percent to $610, but then shot back up to where it was before. There was little evidence the sudden reduction in bitcoin’s minting rate had a long-term impact on the price.

[Bttzed03]

~ what this Bitcoin halving bring?

What is certain is that block rewards will become 6.25 from the previous 12.5

Does the Bitcoin price go up or down?

This is a matter of speculation and it could go either way. Based on past halvings, price tends to go up but as @mk4 has stated, it still depends on the demand and the supply. There is also the argument that since miner's reward will be reduced by half (from 12.5 to 6.25), it also means they won't be able to sell as much BTC as much as they used to do.

It seems the "Corona effect" is now over as Bitcoin is concerned. The price is now slowly recovering from the crash when COVID-19 was declared as a global pandemic where both "whales" & retail investors cashed out.

[avikz]

After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,



ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/

But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.

[Oasisman]

After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

The Bitcoin block halving supposedly not an event where the price is rising or make a bullrun. It's just that the trend when the last 2 halving occured shows a good price movement. That's what the people was following and expecting the same price movements. Though it isn't guaranteed that it will happen, but the optimistic mindset of investors will make it happen.
But then again, there's no guarantee. The pandemic only had a minimal impact in cryptocurrency though.

[Cnut237]

Always remember that there are people involved! Speculation is the largest contributor to price movements.
So if you have a situation - such as bitcoin halving - where everyone expects the price to increase, this  expectation in itself pushes prices upwards, because everyone wants to own something that will increase in value. The effect of this is that any price increase is largely or indeed entirely priced in prior to the event actually occurring. In fact, what we often see is that this expectation of increase is overly optimistic, and has the effect of pushing the prices higher than the event itself might merit. Which in turn leads, perhaps counterintuitively, to a price drop when the event actually occurs.
Of course there is a lot of guesswork involved in predicting crypto price movements. Just don't forget the above is a possibility!

[vycl87]

If we look at the historical data, it may be reasonable to wait for the price to rise in an average of about a year. However, history may not always recur. Therefore, I suggest you not to be price-oriented in the short term.

Increasing block rewards after halving may not be sufficient for a price increase alone. In addition, we should see FOMO, a psychological positive atmosphere. Those who remember 2017 remember that the price continues to increase day by day. We cannot explain this with data alone. Whales, institutional players, block reward, awareness-raising, and of course FOMO! It should not be forgotten that, when the price increase expectation comes, the increasing volume increases the price. And when it starts, it may be possible to see very rapid price increases from time to time.

[huanting55]

Bitcoin tends to drop before and after a block-reward halving in the short term. Halving drops the amount of BTC that is mined as Bitcoin approaches its fixed supply of 21 million, miners will earn less BTC after the halving for performing the same work.

[pooya87]

After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular.

360 degrees change would end up in the same place! so in other words you are saying there was no change in which case you are correct
nothing about the "industry" changed in 2016 when bitcoin block reward halved. and as for bitcoin popularity, it is always growing and it has nothing to do with halving.

Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.

wrong.

It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

the halving event itself (the week of it) has always been pure hype and during hyped up times price sees excited rises that don't even last. but the real halving effects that are more long term will come after the halving itself. nothing about that is changing either. it will be like before as demand increases while the supply is still limited.

[Republikcoin.com]

this is just a prediction, it's just that if we match the data, the price of bitcoin is likely to go up. but we don't know whether this year will go up, or next year, because based on the history of bitcoin the price will go up 1 year after halving. for now, I'm pretty sure that the price of bitcoin will go up, it's just that I don't really expect that the increase will be very high.

[Seijun_Sango]

Let us keep our fingers crossed, and we can get to see the actual impact post the event.

Here is one prediction that you can see: https://www.youtube.com/watch?v=GNFMIXNW48I

[Wexnident]

No one really knows though I think majority are on the side of Bitcoin price going up. Every halving so far has brought quite some gains in BTC price and based on past seen records, every few months after the halving is the period where the price rises exponentially. Still, it doesn't necessarily mean that an increase is for sure since it is still, in the end, the coin we know of as being highly volatile. Imo though, I don't think the best-case scenario where the price would increase exponentially is going to happen. At least, in the next few months. A lot of countries were badly hit by the virus and naturally, traders lives were also impacted. This may bring changes to the expectations of BTC

[bitbunnny]

This seams to be eternal question, will Bitcoin rise or fall after the halving. So far I noticed that many users expect for Bitcoin price to go up but to my opinion both scenarios are possible.
No one can't actually tell what halving will bring to us and even if the first effect will be the price rise, to my opinion that will not last to long and the growth will probably not be as strong as many expect.

[maydna]

Perhaps, we need to be patient until that time comes so we can see what will happen later. Many people predict that bitcoin price soar to the higher price but unfortunately, that is a prediction which we can also make for our own purposes. So we can say anything about bitcoin, and we should let the market make the decision, and if the bitcoin price increase higher, then yes, we will going to make a profit. Perhaps, in the next highest price of bitcoin, we can make a lot of money again like before. And now, we see bitcoin price can break $7,700 which mean we can hope that bitcoin price can increase more than now, and who knows, bitcoin price can break $8k again this month or next month.

[sunsilk]

It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

I don't think that assumption is changing. By analyzing bitcoin this time, you will start to realize how its surviving this pandemic. Unlike the other markets, they're being reported worldwide that they're tanking because of the freeze that this pandemic brought to the world economy.

Some industries are still going on but those are the exempted one that has to operate and that makes them survive in this pandemic too. But for bitcoin, the recovery time has been so quick and whether you expect bitcoin to go up or down after the halving or within this crisis, it's undeniably strong and consistent.

[Ryker1]

Well, in my own Bitcoin halving is an advantage to investors especially during this pandemic that everyone is experiencing the needs of fiat money in order to sustain during the lockdown. Halving the price of bitcoin will give no guarantee that it will pump up again or gain back it's the normal price it is only the effect of higher supply and lower demands for bitcoin but it may entice people to buy or invest again in bitcoins or cryptocurrency. However, if people tend to go back and buy bitcoins again then it will raise the demand rate and may possibly get even to the supply rate. Remember, --if there will be a scarcity or shortage in the supply of bitcoins or any cryptocurrency because of higher demands then it's value will go high the same as it's the price. Just my opinion.

[Fundamentals Of]

I voted yes because I believe it will go up. But that yes also means that even if there is no halving or there is no pandemic, Bitcoin will always go up because it is not yet reaching the biggest population. Bitcoin is still considered a start-up of sort. It has yet to really become mainstream in its strict sense.

However, it is also my belief that the rise of the price of Bitcoin may not really automatically follow the halving. As I have said, it is highly depending on the adoption more than the deflating supply.

[Lucius]

Does the Bitcoin price go up or down?

It would be better if you asked your question in a much more precise way : "Will I get rich if I invest in BTC now, as was the case in 2017?" There is no right answer to that question, for the reason that no one here is a prophet, nor does he see into the future. The fact that investing in BTC has so far always paid off, and also the fact that after halving, the price has taken a big jump, so if one wants to go in that direction, it's all a matter of risk someone will take.

If I have, say, $1000 that I don't necessarily need and won't need in the near future, and if I invest in BTC there are 3 possible outcomes. The first is that in about a year or a year and a half I maybe have $10 000 worth of BTC., Second is that I may lost 50% of that amount due price dump and have only $500 - and third is that the price will remain the same.

If we think that way then we don't really have to be burdened with the price, invest only what you can afford to lose and hope for the best.

[el kaka22]

I expect moderate up, I know many people are looking for it to go up after halving but that is the exact reason why I think it will be not exact up. There are just too many people buying right now that think bitcoin price will be up and I think if bitcoin underperforms there are just too many people who will think that bitcoin will go up and be upset that it didn't go up as much as they expected so they will sell.

However I am waiting, if the price actually doesn't go up as much as I assume it will, that will mean bitcoin will fall and that is when I will be capable buying for cheap. However if we talk about the long term, miners will be not selling as much as they are selling right now in the future which will cause the price to go up and that will be when I profit in the end.