One Year After The 2020 Halving, Bitcoin Price Has Gained 533%

[cryptomaniac_xxx]

At least this is not a bad starting point for understanding how to make money on Bitcoin in the future, because with the next halving in 2024, you can shop for any drop in the price of Bitcoin, until that time - well, then it all depends on your greed and from understanding how much profit you can actually fix after this event.

ETH is up over 2,100% in the past year. Put another way, a year ago, you could have bought 45 ETH with 1 BTC, now the rate is just over 13 so BTC is down ~70% when priced in ETH.

ETH also outperformed BTC after the 2016 halving, while BTC lost less (vs $US) than ETH during the 2018 Bear market. If you think history will repeat itself, the play would seem to be to hold ETH after BTC halving while exiting crypto when these rallies turn into routes.

So what are you implying? we should shift to ETH?

You also have to understand that ETH hasn't reach 5 digits yet, while bitcoin achieved that in 2017 even before the imminent bull run at the end of that year.

Keyword for bitcoin is scarcity, after every halving bitcoin supply is going to be limited, so think about what could be the price in the future, specially when we mine 20 million in the next couple of halvings.

[aysg76]

But what I observed is, the more halving occurs, the ROI or percentage that Bitcoin pumps become smaller. But that is not important to me now. How Bitcoin works and how convenient it to use it, is already good, the percentage gains or ROI is already a bonus.

The Bitcoin having definitely have a positive impact on prices not immediately but after some time as simply it reduce the supply with growing demand which certainly boost the prices.Most trader says that you should invest before halvings to gain profit afterwards and can be seen from this chart :



After halving event there is price surge of 30-40% and at the year end it boost strongly like it went to $20k from $2k in 2017 end.But this pandemic 2020 halving and pandemic boosted btc growth to reach its ATH of $64k but now trading at $57k after correction period.

Your analysis of decrease in percentage of price rise after halving is reducing is true but there are certain reasons for that according to me:

1) Bitcoin has already gained 500% rise this year and reached $60k price levels and it has become hard for retail investors to invest huge funds into it.

2) Bitcoin Total market Cap has already crossed $1.5 trillion and it will need really billion dollars investment to move the market heavily.

3)With huge funds also you will get small share in total supply of 21 million and with increase in demand and prices the share of your Bitcoin portfolio will keep on reducing.

So all these have direct effects on Bitcoin prices but still if you are holding bitcoins for long term then you don't need to worry about these issues as you can easily see 6 figure price chart before 2024 halving which will reduce the rewards to 3.125 and reducing circulating supply and prices even higher with increased demands.

[slaman29]

Not old news. Halving continues to be the precursor to rallies time after time again. This is only logic and nature of supply and demand. The market only understands this, nothing else.

You can talk about altcoin supplies. And premined, burning etc. But Bitcoin proves its model as solid and proper, and economic scarcity works so welloiled.

[udidrone]

The most recent Bitcoin mining subsidy halving occurred officially one year ago today, on May 11, 2020. At the time of writing, bitcoin has gained 533% since the halving event, as the supply and demand dynamics of a surge in demand coupled with an inelastic (and 50% reduced) supply issuance caused the price of the asset to skyrocket above $1 trillion.

What do you think the future holds?

Next halving might be can trigger bitcoin price to be new ATH. Because 2 times halving already done it. Or maybe if this thing keep happen (bitcoin keep in news) it can be more adopted and price keep increasing until it can left another thing that usually people used as investment like Gold.

[kryptqnick]

The most recent Bitcoin mining subsidy halving occurred officially one year ago today, on May 11, 2020. At the time of writing, bitcoin has gained 533% since the halving event, as the supply and demand dynamics of a surge in demand coupled with an inelastic (and 50% reduced) supply issuance caused the price of the asset to skyrocket above $1 trillion.

What do you think the future holds?

It's a fact that there's been a year since halving, but implying that it means Bitcoin growth was caused by halving is incorrect. There isn't sufficient data on this matter. With the same level of success I could say that Bitcoin cost $5k at the beginning of the pandemic and a year after that it cost $53k. Or that Bitcoin cost $29k on New Year's Eve, and cost $59k at the beginning of April. All of these things are technically true, but at best they signify a correlation, not a causation. So counting halving as a significant factor of BTC growth doesn't have enough grounds behind it. As for the future growth or decline, nobody knows that for sure.

[Dabs]

So counting halving as a significant factor of BTC growth doesn't have enough grounds behind it.

If yesterday miners mine 1800 BTC and today they mine 900 BTC, which is half .. I think that is significant. It may not have an immediate effect, but the effects are felt several months later. There will be less bitcoin being sold from miners going to exchanges. After a few more halvings, we'll have all the practical bitcoin there is, meaning there is 20 million, and the last million will take a hundred years (or several decades) so that's it...

We will see $1m and $10m bitcoin this century.

[Altryist]

If yesterday miners mine 1800 BTC and today they mine 900 BTC, which is half .. I think that is significant. It may not have an immediate effect, but the effects are felt several months later. There will be less bitcoin being sold from miners going to exchanges. After a few more halvings, we'll have all the practical bitcoin there is, meaning there is 20 million, and the last million will take a hundred years (or several decades) so that's it...

We will see $1m and $10m bitcoin this century.

If you think logically, then everything goes to the fact that bitcoin in the future will be very expensive. Now a lot of bitcoins are bought out by large funds and withdrawn from exchanges, which creates a kind of deficiency and, accordingly, increases the price. No matter how the price behaves now, but over the course of several years we will see a very large increase in bitcoin, this is inevitable.

[kayiboyu]

This huge increase in the price hasn't been fully-linked to the halving of course. There has been many events happened during this time period. But I believe that the halving also affected the price in a good way.

[mamiko]

So we can believe that the halves are driving a price increase over the bitcoin. this is real. When we think of it as logic, it should be more costly and more valuable to obtain something that decreases in quantity. its price should increase. this is plain logic. bitcoin also proceeded on this straight line. It was supposed to be so. This means that bitcoin will increase even more in the future, I am sure of this now.