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

[mahilchii]

We have seen only the positive side of halving and we expect the same this time as well, and yes I agree there is no guarantee for pump in halving because everyone knows crypto is unpredictable.

After the price surge in BTC from the past week it seems the price will go up because price increases only if there's demand, to be honest I am eagerly waiting to see a pump while halving occurs let's wait and see how it goes.

[Japinat]

It's suppose to result to an increase of price, but it seems like the corona virus in a bad timing, bitcoin could have been trading over $10,000 now if there was no pandemic, but then we can't undo what has happen already, and despite of that, the market is quite bullish now, so I'll say halving something did a magic for crypto not to dump again.

[ancafe]

the influence of the corona virus really impacts the price of bitcoin. halving will arrive soon next month and is expected to have a big effect on the price of bitcoin. however, at this time many people are not so eager to make predictions, even to reach $ 15k is still very difficult to confirm.

[carlfebz2]

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?

No one actually knows on what would happen even though we have seen on how the price moves on past halvings but doesnt mean that it would happen again into the next or upcoming one.Im not fan on tagging up the current pandemic when it comes to bitcoins popularity because it isnt the right time to talk about that.Adoption is on the move and we are all pretty sure with that but time will tell on how it progress out on upcoming future.We shouldnt really expect much that it would go up on the upcoming event but be wise to take action either you would risk up for long term prospect or not.

[shoreno]

bitcoin is already up and down so no halving can change that but i think the price can slightly go upwards after the halving  but within a few days the price will go down again and normal fluctuations will still happen   .

 that is my own expectation on regards to halving  but i dont know to others , i can see that many positive speculations before are now turned into negative just when the virus covid came    .

[harizen]

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?

How come you conclude already that bitcoin price changes its path due to the Covid-19? In the last halving, it takes time before bitcoin manages to get some fuel before pushing up but still ended to where it is now.

Surely, most people really have a mindset that the exact meaning of halving is moon price. It should be changed.

It's suppose to result to an increase of price, but it seems like the corona virus in a bad timing, bitcoin could have been trading over $10,000 now if there was no pandemic, but then we can't undo what has happen already, and despite of that, the market is quite bullish now, so I'll say halving something did a magic for crypto not to dump again.

I tend to disagree. Bitcoin has difficulty climbing even at $8,000-$9,000 before Covid-19 freezes the economic activities of the majority of the countries in the world. Meaning, with this pandemic virus, which happened or not, we might still see today the same price movement behavior.


Just trust the process.

If the pandemic virus really has a strong negative impact on bitcoin, the price should be playing at $2,000 to $3,000 now with no signs of green light. Totally different from what is currently happening.

[Kelvinid]

Ups and downs come all the time and even to have halving on its way still, we make the assurance that it goes up as we know the volatility remains.
If we can recall the previous halving, definitely, it won't go that way also. And now, we haven't expected that the market to behave the way we wanted to be coz we know that we are still in the pandemic and investing crypto isn't the priority of the people. The increase of crypto users and investors will be meant a lot but where they are? Only a few of them are in crypto which is not enough to uplift the market price.

[Stedsm]

It's the money, the fiat that even the big institutions will need now to set back up their "almost dead" businesses and they won't rely on BTC alone (nobody can). Another thing, the dried up volume shows that BTC is yet to be thrown down as I don't just see it as a Bitcoin reward halving but a Bitcoin price halving as well. We are yet to reach to a bottom from where we will start a new, big and extreme bull run journey and that won't be so quick because the money has now been stuck due to people going jobless, many are trying to stock up food while many are struggling for everything so it won't be an easy pump this time and we will need to remain patient to become a part of this. Some predictors have gone way optimistic thinking that BTC could break even a $100k so soon, but let's not forget that the global economy has taken a hit so badly that it'll take years for every single country to recover, who were affected by this pandemic.

[Ridwan Fauzi]

Historically, indeed bitcoin price always up after halving event happened. Especially, at 2016 ago the third halving event for bitcoin. At that time I am still newbie to bitcoin and just known bitcoin in a few days, but it was make me suprised because in all day bitcoin price alwasy up drastically. Even I tried to as to my parend to give me loan money to buy it but they didn't give just because they never know about bitcoin.

Bitcoin became popular, make many people know about bitcoin and collect a lot of information against it until there is a channel television in my country who took bitcoin as main of disscussion. It was just a small implication who made bitcoin price up a lot until its price touched an all time high.

But I doubt for halving event at this year, the people have been aware against bitcoin and they knew bitcoin. As we know bitcoin price was in the bad phase exactly in 2018 ago, the price just slumped down and made many investor got bankcrupt. The people just have a bad view against it and some of them called bitcoin as a scam place, so they will never believe bitcoin again. And I think it is not about this pandemic but it is depend the people view against bitcoin, if they still believe bitcoin is safe then we will new all time high and it will be the other way around when they judge bitcoin badly.

[Clark05]

In the year 2017 after the bitcoin halving it brings a good effect to the crypto market and that is why many people became rich .
And on that year was many crypto user are believe Rising once the bitcoin halving are coming.

But there is still no accurancy about that because maybe they dump too so always be prepare everytime.

[DeathAngel]

Not sure about the price short term but the price will fly up once the reduced supply of coins takes effect. Wait until mid to late 2021 for the real fun to start.