Bitcoin Market Update: The Halving is Here

[michellee]

The price now steadily and it's going to increase, and now has reached back to $9,200. We will have a chance to see the price will increase more than that price, but we cannot hope it will happen so fast because the price needs more support to rise higher. The red candle already turns into green candle so if the situations still are like this, and I guess that the price can increase and break $9,300. But we will see it later because the price can go anywhere.

[okala]

Halving has come and gone and the effect of it maybe feel next year or end of this year. Bitcoin is becoming more expensive to mind than ever and we expect the price to keep driving up continuously.

[batang_bitcoin]

Halving has come and gone and the effect of it maybe feel next year or end of this year. Bitcoin is becoming more expensive to mind than ever and we expect the price to keep driving up continuously.

I will not assume that the good effect that the halving brings will be shown as early as the end of the year. But, that's a fact that bitcoin is about to become being more expensive and it can't be stopped. Miners reward were made into half and that makes each supply of bitcoin costs more than ever. We may not see it as early as possible but someday we'll get there and if you do give importance to that matter, you'll hold your bitcoins.

[bitgolden]

Right now miners are thinking maybe they could make the difference from the fee they get and that is why fee prices has gone up like crazy and there is a big clogging at blockchain that causes the transactions to be not only expensive but also slow as well.

There will be a moment where people will not accept miners situation and either go with lightning network or some other method and that is when miners will realize that they have to find another way to make more money. At that point I think price of bitcoin will go up a lot, if that happens quickly, I feel like we will see the price back above 20k once again.

I do not have a proof of this, but when you look at all the data we have right now, that is what we could conjure at this moment about whats going on.