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Author Topic: Information About Bitcoin Halving  (Read 388 times)
yazher (OP)
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April 28, 2020, 12:21:48 PM
Merited by mezzaluna (1)
 #1

I see many people asking about these details and with less than 13 days has left for this event to occur, there are some people still don't know what is going to happen and when will this happen. these are some details about Bitcoin Halving that some newbies need to know. you can visit this site to know a few details about Bitcoin Halving.




http://bitcoinhalvingdates.com/

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April 28, 2020, 12:56:17 PM
Merited by BrewMaster (1)
 #2

That's a nice website.

I think the most important part of this halving, and why it is historic is that inflation will finally be under the fed's target for annual inflation which is 2%

This is a good point to mark the end of the early days.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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April 28, 2020, 01:41:26 PM
 #3

That's a nice website.

If you want a more detailed chart concerning the halving events and bitcoin's price, you might want to check out the bitcoin stock-to-flow chart: https://digitalik.net/btc/

The S2F has been a hot topic for a while now on Twitter.

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April 28, 2020, 03:37:56 PM
 #4

Wow, it's a detailed tracker for the upcoming halving. Unlike the BBH website, it's more of text information although both are informative and there's this different attention for infographics.

The S2F has been a hot topic for a while now on Twitter.
True. I've just finished reading the 1 year old article of Plan B on medium.

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April 28, 2020, 03:47:53 PM
 #5

nowadays people are too worried about the virus pandemic all around the world that they seem to have forgotten most things and on top of that we had the recent price drop a couple of weeks ago that has scared them into not-thinking about much else.
the interesting part of it all is that there is a big but silent accumulation going on inside exchanges and OTC marketplaces by the "wise money" to get ready for this year's boom.

There is a FOMO brewing...
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April 28, 2020, 08:29:16 PM
 #6

Bitcoin has seen two halving till date. Both times the value of BTC took 12-18 months to reach all time high.

The first halving occurred in November, 2011 When the value skyrocketed from $11 to $1000. It took almost a year to reach, when countless millionaires were created During that period. Bitcoin was trading at $700 in July, 2016 when the second halving took place. Bitcoin shows up trend consistency after the second halving and reached it’s all time high $20000 in December, 2017.

The third halving is planned on May 12, 2020, which is 13 days ahead. We can expect the rapid increase in Bitcoin value if the demand stays at same level and supply decreases.
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April 28, 2020, 08:48:59 PM
 #7

There might be a slight change during this third Bitcoin halve, we're know that the global world has been fighting a common enemy called covid-19. The impact of this pandemic was first shown when it effect took the stock market and cryptocurrency market unaware and many took on their heels why others blame Bitcoin for not be a safe haven. They forget that, the ways this technology work is totally different from others, many sold out their stash when the market went from $5000k-$3800k forgetting that halving is ahead, if they hold a little bit. Remember that, the price may not rise during the Bitcoin halve but after the Bitcoin halve.

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April 28, 2020, 09:29:32 PM
 #8

nowadays people are too worried about the virus pandemic all around the world that they seem to have forgotten most things and on top of that we had the recent price drop a couple of weeks ago that has scared them into not-thinking about much else.
the interesting part of it all is that there is a big but silent accumulation going on inside exchanges and OTC marketplaces by the "wise money" to get ready for this year's boom.

All around the world goverments will be printing money now, to inject liquidity in the markets to fight the crisis.

The Fed just unleashed another $2.3 trillion to support the economy
https://www.bloomberg.com/amp/opinion/articles/2020-03-27/federal-reserve-s-financial-cure-risks-being-worse-than-disease?__twitter_impression=true

All over the world people are aware of the problems of prionting money: inflation, debt...
Bitcoin hold well in this crisis (better than many other assets, like emerging markets). Many eyes are on bitcoin now.

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April 28, 2020, 10:06:04 PM
 #9

I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.

We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.
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April 29, 2020, 02:18:16 AM
 #10

I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.

We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.

Yep, but I think this year's halving and it's subsequent effect and getting to a new all time high will take some time. So we might see some lengthening cycles and the so called "4 year cycle" might not follow after the halving next month. Although there might be some members that thinks or believe in this cycle, I think this might not hold true this time in my opinion, total bitcoin landscape has change. Of course, $20,000 that time was the peaked, lots of irrational buyers but obviously we are already in the bubble phase.

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April 29, 2020, 04:01:30 AM
 #11

I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.

We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.

I'm sharing that hope with you, although I think it is probably hard to repeat because of several factors. For sure, the fact that a lot of people right now might not be able to stock up on Bitcoin because of the current crisis will have its effect. Another factor, of course, is that the previous halvings were times when Bitcoin was way much cheaper. A full BTC at $15 more or less and then at around $600, those were times when it is pretty much easier to buy a few BTC at least. Right now, a full BTC is oftentimes way out of budget. So, this time, it will definitely take a longer time for the price to absorb the reduction of supply.

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April 29, 2020, 07:44:49 AM
 #12

I hope this next cycle will look similar to the two previous ones but it can also be completely different. It can take much longer or end with the price only barely touching the last ATH and not going farther because the 20 thousand price could have been extremely overbought at its time.

We don't know what the future will bring because there were no fake money printed to buy BTC like USDt in 2013 so the market has evolved drastically.

Yep, but I think this year's halving and it's subsequent effect and getting to a new all time high will take some time. So we might see some lengthening cycles and the so called "4 year cycle" might not follow after the halving next month. Although there might be some members that thinks or believe in this cycle, I think this might not hold true this time in my opinion, total bitcoin landscape has change. Of course, $20,000 that time was the peaked, lots of irrational buyers but obviously we are already in the bubble phase.
True, with all the problems causing the world economy to slow down, specially this pandemic, chances of bitcoin's price be affected as well is high. Just like Kemarit said, we're at bubble phase and this time next month or a few months based on the cycle then we'll see mild to moderate changes.
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April 29, 2020, 10:34:46 PM
 #13

That's really understand able. And i guess the chart telling the right thing. Cheesy Cause already market bump so hard and now it's time to see what happen next 30 days. I guess market will be continuously rise till end of the May. Grab your favorite crypto people it's time to bull run (i think). Cheesy Cheesy

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April 29, 2020, 11:56:58 PM
 #14

nowadays people are too worried about the virus pandemic all around the world that they seem to have forgotten most things and on top of that we had the recent price drop a couple of weeks ago that has scared them into not-thinking about much else.
the interesting part of it all is that there is a big but silent accumulation going on inside exchanges and OTC marketplaces by the "wise money" to get ready for this year's boom.
That's correct and a lot of newbies feared that Bitcoin will lose its value during the start of the pandemic that is currently ongoing. The market's movement really gets me excited about what's happening next during this halving that is going to occur in a couple of weeks.
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April 30, 2020, 12:26:26 AM
 #15

If we will take a look at the chart and on the 2nd halving part. After the 2nd block halving there you see a new all-time-high.
So, for me, probably like months after the block halving we can able to see a new all-time-high, like probably as what others said: The year 2021 is when the Bitcoin is probably getting its new all-time-high.

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April 30, 2020, 01:11:14 AM
 #16

If we will take a look at the chart and on the 2nd halving part. After the 2nd block halving there you see a new all-time-high.
So, for me, probably like months after the block halving we can able to see a new all-time-high, like probably as what others said: The year 2021 is when the Bitcoin is probably getting its new all-time-high.

Please take into account the competition. Bitcoin cannot and will never offer privacy. The people of this world demand freedom. And you can't have freedom without privacy.

Therefore, Bitcoin will become obsolete as other better and newer models out maneuver this dinosauric tank.
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April 30, 2020, 01:38:31 AM
 #17

you can visit this site to know a few details about Bitcoin Halving.
http://bitcoinhalvingdates.com/
Similar with the original site https://www.bitcoinblockhalf.com/. There is an additional price prediction chart when halving via tradingview, pretty good. Suggestions if this is your website, I think it is difficult to read graphics, then describe it with the sentence. Can you add predictions after halving, i think very useful for many people. But all, I think this website is very useful.

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April 30, 2020, 02:11:48 AM
 #18

Wow! Thank you this is very explanatory. Vftombthe graph, we may not expect the halving until 11th May. That's clear and I observed that after most halving the value rises above the former/ initial values. We still need more time to be patient, since we cannot initiate the speed. The best is the we plan ahead of the bull run that follows and make good use of the opportunity.
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April 30, 2020, 03:12:37 AM
 #19

If we will take a look at the chart and on the 2nd halving part. After the 2nd block halving there you see a new all-time-high.
So, for me, probably like months after the block halving we can able to see a new all-time-high, like probably as what others said: The year 2021 is when the Bitcoin is probably getting its new all-time-high.

I just got back into crypto and saw about these few weeks ago. Still looking forward to what it will gonna happen. It was the first time I will witness the halving of bitcoin. But based on some sources I've read we might really see a good result this 2021 which is already predicted few months ago.

At your service
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April 30, 2020, 05:39:34 AM
 #20

Therefore, Bitcoin will become obsolete as other better and newer models out maneuver this dinosauric tank.

that's true, like everything else bitcoin will some day become old technology and obsolete. but that day won't come for at least a couple of decades. and so far after 11 years and about 75,000 to 100,000 different alternative cryptocurrencies we have not even seen a single altcoin that could provide a half viable option as bitcoin.

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