Bitcoin Halving 2020

[durilup]

In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.

In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.

please note that any significant halving movements will occur a year later, not immediately after halving there will be improvements.
but it must also be remembered that in crypto there can be changes that we cannot know about.
I have these details when halving happened in the past so that it could be a reference.

Halving November 2012 ----> December 2013 peak increase.
Halving July 2016 ----> December 2017 peak increase.
Halving May 2020 ----->

how many changes will occur in 2021, a lot of speculation and analysis are circulating. but whether it will happen, all the time also determines.

We need to wait at least few more months to see if the history will repeat . If bitcoin will reach the same price 2017 highest peak then there are more chances to see at least $50k/btc in 2021. But as you guys said the second pandemic wave might affect bitcoin again like few months ago when covid started.

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[mandor]

In past years of bitcoin halving there have always been a positive outcome, but in this year's halving there hasn't been much effective movement of bitcoin, I guess it because of the pandemic, maybe in few months ahead the bull run might occur.

In the past halving, there isn't really much effect to the market price of bitcoin, usually, the effect took place after a year or two. But with these halving, most of people still believe about the hype of market price increase right after the halving which is for me is not true. Miners aren't selling bitcoin right after the halving with so much increase in price. What makes the price fluctuates is the people creating hypes. This hype is what people believe so they buy bitcoins and see a short term price increase.

please note that any significant halving movements will occur a year later, not immediately after halving there will be improvements.
but it must also be remembered that in crypto there can be changes that we cannot know about.
I have these details when halving happened in the past so that it could be a reference.

Halving November 2012 ----> December 2013 peak increase.
Halving July 2016 ----> December 2017 peak increase.
Halving May 2020 ----->

how many changes will occur in 2021, a lot of speculation and analysis are circulating. but whether it will happen, all the time also determines.

We need to wait at least few more months to see if the history will repeat . If bitcoin will reach the same price 2017 highest peak then there are more chances to see at least $50k/btc in 2021. But as you guys said the second pandemic wave might affect bitcoin again like few months ago when covid started.

I think if the Covid-19 pandemic never happened maybe now we will see the price of Bitcoin will soar high after Bitcoin Halving. but unfortunately BTC currently only lasts under $ 10K. years 2021 may be a determinant of whether Bitcoin Halving really will to affect the price of Bitcoin or after this pandemic ends. I hope Bitcoin will rise again like in years 2017 ago.

[philipma1957]

July 2016 to Dec 2017 is how long it took for btc to do a run.

although by sept 2017 we had moved up a lot.

so based on those moves may 2020. should be july 2021 oct 2021

not now.

it was around 700 july 2016

it was about 1000 jan 1 2017

it was around 4000 sept 2017

it was around 19800 dec 2017

[giammangiato]

I agree very much with you, we will notice the change in price not now but certainly in many months (if not in a year, i hope).

There may even be a price drop due to the somewhat peculiar situation of the markets that have gone mad due to the covid. We need to wait 2021

[reap_chain]

There is so much talk about halving of bitcoin that it is already increasing the popularity of the upcoming process. Most likely this will positively affect the price and it will go up after the halving. It seems the most logical in the current situation.

[Salauddin1994]

Bitcoin, which has already more than doubled in value to over  9,000 is expected to rise further by 2020, with many investors calling the next great one Ewing. Halving is used as a way to prevent inflation from declining bitcoin prices Bitcoin prices usually rise after halving. This halving occurs once every few years since it has risen by almost half its massive demand will increase in the future.

[sprzedam]

Going by the last halving and the time that price bull, we still have time till the end of this year. So I support that $15,000 or more could be the price at the end.

[junnar1968]

The term “halving” refers to a programmed-in event in bitcoin's code, which reduces the reward per block mined by 50% every four years to control inflation. Bitcoin halved on May 11, 2020, around 3 pm est. A Bitcoin halving event is when the reward for mining Bitcoin transactions is cut in half. This event also cuts in half Bitcoin's inflation rate and the rate at which new Bitcoins enter circulation.