HAS THE 2020 BITCOIN HALVING LIVED UP TO ITS EXPECTATION?

[TheICE007]

Bitcoin halving is basically Bitcoin halved to allow cryptocurrency mining to produce 50% of its global existing value.
It always happens every four years. This year in 2020, a historic moment occurred on May 12, which helped reduce the mining reward from 12.5 BTC to 6.25 blocks. Interestingly, traders and miners have adapted themselves to the new reality that bitcoin production restrictions may be the world's most valuable global priceless virtual currency. If you look at the trend of halving before, it will cause an astronomical increase in prices, which will translate to huge market fluctuations in other digital currencies including Bitcoin. According to our observations, this year’s halving of bitcoin hoccurred in the global economic collapse brought about by the terrible Covid 19 pandemic. Even so, key experts believe that bitcoin is taking on global security assets and Important value reserve.

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[Iyeman]

Have you checked the old history of the halving in 2016? i may suggest you to check the whole chart that happened in 2016 - 2018 and the pump will not happen instantly. The impact caused by the inflation to the bitcoin will decrease gradually and you can't take the halving will bring instant pump. It needs the time.

[tycsols]

Bitcoin halving is basically Bitcoin halved to allow cryptocurrency mining to produce 50% of its global existing value.
It always happens every four years. This year in 2020, a historic moment occurred on May 12, which helped reduce the mining reward from 12.5 BTC to 6.25 blocks. Interestingly, traders and miners have adapted themselves to the new reality that bitcoin production restrictions may be the world's most valuable global priceless virtual currency. If you look at the trend of halving before, it will cause an astronomical increase in prices, which will translate to huge market fluctuations in other digital currencies including Bitcoin. According to our observations, this year’s halving of bitcoin hoccurred in the global economic collapse brought about by the terrible Covid 19 pandemic. Even so, key experts believe that bitcoin is taking on global security assets and Important value reserve.

Relax mate, you want to conclude too fast, you should be asking about analysis of post halving by the end of 2021, things take time to build and how can you ignore the fact that financial activity is under stress at the moment due to pandemic so people are kind of hesitant to invest or take new positions right now.
As soon as the situation improves you will see market becoming super positive atleast that is what I expect personally.

[Jating]

Bitcoin halving is basically Bitcoin halved to allow cryptocurrency mining to produce 50% of its global existing value.
It always happens every four years. This year in 2020, a historic moment occurred on May 12, which helped reduce the mining reward from 12.5 BTC to 6.25 blocks. Interestingly, traders and miners have adapted themselves to the new reality that bitcoin production restrictions may be the world's most valuable global priceless virtual currency. If you look at the trend of halving before, it will cause an astronomical increase in prices, which will translate to huge market fluctuations in other digital currencies including Bitcoin.

It can't be felt right away, we are just barely months from the last halving. The effect should be in years to come. Last halving was 2016 and after more than a year, it reaches all time high in 2017, that is the history. So for this year, it might take some time before we can see another huge gain culminating to a new all time high.

According to our observations, this year’s halving of bitcoin hoccurred in the global economic collapse brought about by the terrible Covid 19 pandemic. Even so, key experts believe that bitcoin is taking on global security assets and Important value reserve.

We already bounce back, we more than double the last lower low due to the pandemic scare. So it just shows how resilient bitcoin is. The only thing we can do is wait for it to move, might take years though, so patience is the key here.

[Kupid002]

Have you checked the old history of the halving in 2016? i may suggest you to check the whole chart that happened in 2016 - 2018 and the pump will not happen instantly. The impact caused by the inflation to the bitcoin will decrease gradually and you can't take the halving will bring instant pump. It needs the time.

Base on the old graph we are still in accumulation  time and we can expect the pump to happen by the end of this year or maybe next year. I know that not all investors don't have that patience so if you don't want to wait that long its better to make a short trade every time there is a big movement on the market.

[robelneo]

I still say yes, it's too early to cast doubts that Bitcoin will not deliver, the halving happens only a month and we are in a pandemic the situation is new to the industry and the community was caught by surprised, I still believe that another all-time high is coming this year or early next year, we just have to be patient and continue to support this technology, things will be better once the whole world recovers from this pandemic, it still has an impact.

[blockman]

It's still early to expect what the halving shall bring to us. Give time for at least a year so that we can see the big impact of it with the price increase and expected pump to the market. I should say that don't look for the short term gains that this halving will bring but look for the longer term which will give a better benefit not just for everybody but also for the new investors and, people who are still in the phase of learning about bitcoin.

[Bitstar_coin]

Well in terms of price I would say not really because going by the history of halving it mostly results to a huge increase in price which also translate to other alts to also rise tremendously, but so far the btc post halving have not brought such result, and like the OP already pointed out, this year's halving happen in a time when the world was facing a serious treat in human lives as a result of the pandemic,

The attention shifted from btc halving to fighting for survival and staying alive, money was channel to keeping people alive and helping the needy instead, many people didn't think much about investment, I guess this is the reason btc price in this year's halving was not as expected. But who knows what will happen in future.

[GreatArkansas]

Well in terms of price I would say not really because going by the history of halving it mostly results to a huge increase in price which also translate to other alts to also rise tremendously, but so far the btc post halving have not brought such result, and like the OP already pointed out, this year's halving happen in a time when the world was facing a serious treat in human lives as a result of the pandemic,
(...)

A lot of people expecting that the price of Bitcoin will do a parabolic run because of Bitcoin Block Halving.
Well, they really expect Bitcoin is the way on how they will get rich easily.
For me, this block halving of Bitcoin becomes more realistic, no huge pump or dump happened. We are kinda neutral which is for me, it's healthy for Bitcoin.

[BIT-BENDER]

Bitcoin halving can tentatively bring on a bull run, but there was no expectation from me that 2020 halving will have speedy right on effect on the price of bitcoin, but this year halving has had effect, - the price of bitcoin after this year halving has not gone bad- the halving -together with the lockdown- caused a public curiosity about bitcoin and crypto-coins.  

[Apostlekin$$$]

Honestly I'm not expecting any bullrun after the halving event month ago, past bullrun history doesn't work this way so I expect same thing, if any good market will happen it will be after this year, probably 2021

[pakhitheboss]

Bitcoin halving is basically Bitcoin halved to allow cryptocurrency mining to produce 50% of its global existing value.
It always happens every four years.

This is actually not true. Bitcoin halving is not guaranteed to occur every 4 years. It basically depends on the blocks wherein after every 210,000 blocks are mined halving happens. So, If Bitcoin is mined faster halving will occur sooner.

This year in 2020, a historic moment occurred on May 12, which helped reduce the mining reward from 12.5 BTC to 6.25 blocks.

Yes, it is historic and would be known more than any other halving because of the pandemic affecting the global economy and Bitcoin still holding on.

If you look at the trend of halving before, it will cause an astronomical increase in prices, which will translate to huge market fluctuations in other digital currencies including Bitcoin.

I do not agree with this statement. Historically there has always been a Bill run just before halving and this time it did not happen.

[minairia3]

Bitcoin halving can tentatively bring on a bull run, but there was no expectation from me that 2020 halving will have speedy right on effect on the price of bitcoin, but this year halving has had effect, - the price of bitcoin after this year halving has not gone bad- the halving -together with the lockdown- caused a public curiosity about bitcoin and crypto-coins.  

Not really sure about that. Bitcoin halving means a lot but being on bull run is still questionable for me. Come on, the reward are cut by half, supposedly the miners would left this business already but they stay. Means there is soemthing to look forward too however they remain. For me If Im a miner I will quit with value still not enough to support the consumption and expenses of doing mining.

OP, since your topic is about bitcoin why not move your thread on bitcoin discussion, I just noticed that this 2as posted on altcoin discussion.

[Iyanu14]

Have you checked the old history of the halving in 2016? i may suggest you to check the whole chart that happened in 2016 - 2018 and the pump will not happen instantly. The impact caused by the inflation to the bitcoin will decrease gradually and you can't take the halving will bring instant pump. It needs the time.

Base on the old graph we are still in accumulation  time and we can expect the pump to happen by the end of this year or maybe next year. I know that not all investors don't have that patience so if you don't want to wait that long its better to make a short trade every time there is a big movement on the market.

Judging personally from the history of past halvings, the effect of this year's halving should culminate in 2021 bull run.  This is one of my utmost expectations.  However, I'm having a little fear, if this year's situation (pandemic) will not have a negative effect on the expected bull run.

[jrrsparkles]

Bitcoin halving is basically Bitcoin halved to allow cryptocurrency mining to produce 50% of its global existing value.
It always happens every four years. This year in 2020, a historic moment occurred on May 12, which helped reduce the mining reward from 12.5 BTC to 6.25 blocks. Interestingly, traders and miners have adapted themselves to the new reality that bitcoin production restrictions may be the world's most valuable global priceless virtual currency. If you look at the trend of halving before, it will cause an astronomical increase in prices, which will translate to huge market fluctuations in other digital currencies including Bitcoin. According to our observations, this year’s halving of bitcoin hoccurred in the global economic collapse brought about by the terrible Covid 19 pandemic. Even so, key experts believe that bitcoin is taking on global security assets and Important value reserve.

Crypto market is not affected when the whole world is in economic crisis but in the mean time halving also happened so there is not much green on the prices so it keep moving in the same region for too long.Many people started investing on bitcoin especially from stimuls check which means more people entered into bitcoin which will give good profits in the long run.

[XCANA]

Honestly I'm not expecting any bullrun after the halving event month ago, past bullrun history doesn't work this way so I expect same thing, if any good market will happen it will be after this year, probably 2021

Your are absolutely correct, the  past bitcoin halve have proved that the market don't pick the price the year the event happens but the following year ahead. What happened 2016 took positive momentum during the year 2017 and with this year halving Bitcoin price will definitely skyrocket to another all time high again 2021. For investors who can't wait for the journey to come near can adapt the short term sell for profits. Profit can be taken whenever the market pump for good and wait for accumulation period again.

[Gab20]

Have you checked the old history of the halving in 2016? i may suggest you to check the whole chart that happened in 2016 - 2018 and the pump will not happen instantly. The impact caused by the inflation to the bitcoin will decrease gradually and you can't take the halving will bring instant pump. It needs the time.

Base on the old graph we are still in accumulation  time and we can expect the pump to happen by the end of this year or maybe next year. I know that not all investors don't have that patience so if you don't want to wait that long its better to make a short trade every time there is a big movement on the market.

Judging personally from the history of past halvings, the effect of this year's halving should culminate in 2021 bull run.  This is one of my utmost expectations.  However, I'm having a little fear, if this year's situation (pandemic) will not have a negative effect on the expected bull run.

I am not expecting the bull run to happen this year. In fact, it will be too early if it happens. Cryptocurrency generally has done well this year, even amidst the so-called pandemic (coronavirus). A lot of businesses, investments, stock inclusive have all gone down, yet Bitcoin keeps having a good movement and it;'s not dumping hard despite that. Even if the bull run does not happen now and halving having being completed, it is still good. If you have some fund, buy more BTC, I am optimistic that the bull will still come and it is going to be soon.

[thesmallgod]

I followed Andreas on twitter and he made a post explaining why people should not look forward to seen bitcoin price skyrocketed during the halving periods. Although price hike has been one of the outcome of previous halving but I was made to understand the basis for the halving is not about the price but about the framework surrounding the mining reward reduction. It is obvious the little pump we saw during the process was due to some of the news generated by the event which lead to higher demand for the crypto. I do not want to believe it is because of the covid19 that the price hike was not seen because a lot of people that received money from government to ease the disaster caused by the virus used it for buying bitcoin which led to the rise of the Coin

[asriloni]

Honestly I'm not expecting any bullrun after the halving event month ago, past bullrun history doesn't work this way so I expect same thing, if any good market will happen it will be after this year, probably 2021

I do agree with you consider about the situation is always getting changed anytime. We can't sure about when  the impact from the halving will come for sure. I can't sure if that will happen in the next year but it should happened for this time until at least 2023

[meanwords]

To be honest, it's as expected. The Corona virus might have a negative effect but the real bull run will start further ahead of halving just the what happened in the last halving and the halving before that. We are currently stable at the price of $9,000+ which is almost half of the all-time high. We are expected to gain more heights in in a few months or year as there's currently a new development ongoing that will help with the scaling.