Bitcoin Halving , and its Effects

[gina1980]

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020 where the amount of bitcoins that are mined into existence are cut in half because as you know there will only ever be 21 million Bitcoin ever. Read more

https://blog.coinbaazar.com/bitcoin-halving-2020/

[sunsilk]

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020

The halving was already done a few days ago and the article was published on May 7, 2020, so you have posted and shared this article late already. We also have plenty of halving topics in here.

Bitcoin halving 2020 is almost here, are you ready?

Bitcoin Halving 2020

₿ Bitcoin Halving Attracts World Attention

Happy Halving!

[YOSHIE]

OP, @berjemur has displayed a lot about this phenomenon Bitcoin halving.

So, are there any new things about the development of Bitcoin after this phenomenon has happened, give it here hopefully we can see something interesting about this Bitcoin 2020.
Maybe on google it plows times yes.

OP, I want to ask you a little question.
- As you know halving passed a few days ago, so what happens in the future after this happens ... is there any idea that you can be accounted for.

[gina1980]

OP, @berjemur has displayed a lot about this phenomenon Bitcoin halving.

So, are there any new things about the development of Bitcoin after this phenomenon has happened, give it here hopefully we can see something interesting about this Bitcoin 2020.
Maybe on google it plows times yes.

OP, I want to ask you a little question.
- As you know halving passed a few days ago, so what happens in the future after this happens ... is there any idea that you can be accounted for.

I think that to sustain the mining rigs price will go up because almost 30% decline in btc mining companies shows that if price doesnt go up , it will be difficult for the miners to sustain , and it can impact in high transaction fees.

[danherbias07]

It's the late-est. 

Blog dated May 7, 2020 so its kind of not in the right track anymore.
Halving is done.
The effects might not be seen yet, if that is what you are pointing out.
A hype like the last one never happened. I know why and maybe you do too. Clue: Pandemic.

[kryptqnick]

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020 where the amount of bitcoins that are mined into existence are cut in half because as you know there will only ever be 21 million Bitcoin ever. Read more

https://blog.coinbaazar.com/bitcoin-halving-2020/

I've been thinking of halving for a while, but this week I somehow completely forgot about it and missed it! Perhaps largely because it wasn't widely discussed. Nothing changed in terms of the price, just like Antonopoulos predicted. The price was quite high a couple of days before halving, then it went down and then recovered to $9k+ within a week. This could happen at any time, with or without halving. What I like about this article is that it at lest partially implements the unconventional interpretation of the previous halving events as those that did not pump the price. Many believe that it was the turning point back then, but there is a lack of evidence for that. And now, if the price goes way up by the end of 2020 or in 2021, I am sure there'll be people attributing this to halving...

[sdp]

It's funny how fundamentals do not have the immediate effect.  It's well understood.  Bitcoin is not like gasoline.  Most money that is used to buy don't really have owners that *need* bitcoin.

[Reid]

possibly the biggest fundamental event

What could this be?
Me? I am not sure what is going to happen.
I stay with the present. I want to see more events that will make difference to the world. Financially or in technology.

There are so much flaws in different payment system like Paypal, etc.
I still prefer bitcoin if only the fees were a little cheaper. So I just keep it for now.
But, I still have hopes that soon it won't be like that anymore.
Low or high amount transactions should be the same in fees.

[gina1980]

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020 where the amount of bitcoins that are mined into existence are cut in half because as you know there will only ever be 21 million Bitcoin ever. Read more

https://blog.coinbaazar.com/bitcoin-halving-2020/

I've been thinking of halving for a while, but this week I somehow completely forgot about it and missed it! Perhaps largely because it wasn't widely discussed. Nothing changed in terms of the price, just like Antonopoulos predicted. The price was quite high a couple of days before halving, then it went down and then recovered to $9k+ within a week. This could happen at any time, with or without halving. What I like about this article is that it at lest partially implements the unconventional interpretation of the previous halving events as those that did not pump the price. Many believe that it was the turning point back then, but there is a lack of evidence for that. And now, if the price goes way up by the end of 2020 or in 2021, I am sure there'll be people attributing this to halving...

Exactly , this article actually points out the the price going up and down is a gradual process , as it not been that effective or to be precisely said , nothing to do with halving until a point of acceptance of bitcoin increase among the community.

[rexxarofmoknathal]

The biggest fundamental effect will be just this simple 'supply + demand'. Given the extraordinary technology of blockchain, the halving event has in essence provided a window for the crypto industry to create another 'opportunity bubble'. Following the halving, I think there's only one course crypto can take and that's further expansion and improvement which in simple terms would lead to a new sky jump for BTC and the rest of cryptocurrencies - though this is still to be observed!

[gina1980]

The biggest fundamental effect will be just this simple 'supply + demand'. Given the extraordinary technology of blockchain, the halving event has in essence provided a window for the crypto industry to create another 'opportunity bubble'. Following the halving, I think there's only one course crypto can take and that's further expansion and improvement which in simple terms would lead to a new sky jump for BTC and the rest of cryptocurrencies - though this is still to be observed!

Yes , thats true , i believe the more the acceptance among people , the more sooner the effect of halving will be seen.

[odolvlobo]

I think that to sustain the mining rigs price will go up because almost 30% decline in btc mining companies shows that if price doesnt go up , it will be difficult for the miners to sustain , and it can impact in high transaction fees.

You have it exactly backwards. If the price goes up (doubles), then the miners are sustained. If it doesn't go up, then some miners will have to shut down some or all of their equipment.

Transaction fees are not determined by the amount of mining (in the short term) because the amount of space in the block chain is held roughly constant by adjusting the difficulty every 2016 blocks. The block chain throughput is temporarily lower now because of the halving and that may be affecting fees, but that will change in a couple days when the difficulty is adjusted.

[Eugenar]

I have seen so many topics about bitcoin halving even though it is already done, there are still upcoming threads about it for sure because they tend to share some of their insights about the event, as we all know we are always waiting for this time to happen, some people tent to wait for it than the Christmas event lol, are you like that person who are waiting for the bitcoin halving than other events? 

Bitcoin is about to go through possibly the biggest fundamental event that we have in our ecosystem today the Bitcoin block reward halving of 2020

The halving was already done a few days ago and the article was published on May 7, 2020, so you have posted and shared this article late already. We also have plenty of halving topics in here.

Bitcoin halving 2020 is almost here, are you ready?

Bitcoin Halving 2020

₿ Bitcoin Halving Attracts World Attention

Happy Halving!

Well said buddy, having look with the article that the OP has given, it is too late for him to post it because so many says have pass and there are already many threads about it.

[tbct_mt2]

People have nearly forgotten their lessons and loses from the past. If they care about past lessons, they should know that price can increase in the pre-halving or post-halving period. Which factor decides when it happens? The market situation before the halving and the whales' price manipulation. We all witnessed terrible re-test and weak-down in March as well-known terrible announcement on official pandemic from WHO. So bitcoin increased more than two fold from that bottom. Is it enough for you guys? Why do you expect for doubling price from $10k? Why are you so very greedy like that? I don't understand.

[Leviathan.007]

People must always remember the past and take their lessons from the history they had. In my own idea based in history of the last halving, I would say bitcoin will start the downtrend until nearly end of this year but on 2021 the year will be the highest price of bitcoin everyone even saw. So, by starting the halving miners need to get some more profitable miners and some useless miners will leave the market. by doing so, se will see less bitcoin sellers in future and in the end the higher price.

[gina1980]

People have nearly forgotten their lessons and loses from the past. If they care about past lessons, they should know that price can increase in the pre-halving or post-halving period. Which factor decides when it happens? The market situation before the halving and the whales' price manipulation. We all witnessed terrible re-test and weak-down in March as well-known terrible announcement on official pandemic from WHO. So bitcoin increased more than two fold from that bottom. Is it enough for you guys? Why do you expect for doubling price from $10k? Why are you so very greedy like that? I don't understand.

people rather than being greedy , wants only to see bitcoin price rise with every event , but we always forget that bitcoin price has less to do with such events , but more to do with people acceptance. Slowly and gradually bitcoin has shown sustainability, and this blog point out such trends which happened in the past.

[gina1980]

People must always remember the past and take their lessons from the history they had. In my own idea based in history of the last halving, I would say bitcoin will start the downtrend until nearly end of this year but on 2021 the year will be the highest price of bitcoin everyone even saw. So, by starting the halving miners need to get some more profitable miners and some useless miners will leave the market. by doing so, se will see less bitcoin sellers in future and in the end the higher price.

lets just not say useless miners , because every miner counts when it comes to mining and providing support to bitcoin community, even the obsolete ones like s9

[metenjean]

Four days after halving still not give biggest effect how to make bitcoin and altcoin could growing to higher price, I think halving is not moment could make bitcoin must top price or not, we have waiting other moment when bitcoin really going to the top price and keep profitable.

[gina1980]

Although many people say that the effect of halving has already occurred, but I think that it is not all over yet.

yes , the effect of halving will be seen in coming future , i am expecting by year end .

[gina1980]

Four days after halving still not give biggest effect how to make bitcoin and altcoin could growing to higher price, I think halving is not moment could make bitcoin must top price or not, we have waiting other moment when bitcoin really going to the top price and keep profitable.

i believe that bitcoin price is less effective with events like halving , rather than people getting it accepted and various policies adopted by govt for bitcoins