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Author Topic: Why bitcoin halving 2020 is not successful?  (Read 14827 times)

Offline Paglamon

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Why bitcoin halving 2020 is not successful?
« on: May 23, 2020, 10:34:32 AM »
Whether you are a newbie or an advanced trader, whether a developer of DApps or miners of Bitcoins or even a crypto enthusiast, you must be well aware of the “Halving” event of crypto space. Crypto community all across the globe was eagerly waiting for the event till May 11, 2020, when the third halving took place. But this time, the situation is a little different from the previous two events because of the impacts of the global pandemic of COVID-19. The infamous Corona is not only associated with health crises but with global economic slowdown also. Crypto space had not been left untouched by the virus of COVID even though it is based on the decentralized model of Blockchain technology. Also the hype and impacts of Corona on Bitcoin Halving 2020 have been noticed. Some of crypto giants though explained that the immediate impact on Bitcoin prices was not observed even in two previous halving events, so maybe it is not Corona but the usual trend in crypto markets. In this article, let us have a closer view of the halving event of 2020 and also try to understand the impact of COVID-19 on Bitcoin Halving.

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Why bitcoin halving 2020 is not successful?
« on: May 23, 2020, 10:34:32 AM »

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Re: Why bitcoin halving 2020 is not successful?
« Reply #1 on: May 23, 2020, 12:08:39 PM »
I don't think that bitcoin halving 2020 was unsuccessful. In the past, prices rallied after the halving some time. I agree that Covid-19 is a huge factor affecting all aspects of our lives, including financial market but at some point, it helped crypto attract money from stock market's collapse. In a nutshell, I would say that 2020 halving was not a failure yet. We only know it in the coming months.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #2 on: May 23, 2020, 12:20:27 PM »
Due to corona virus in the world, the situation of people remains serious due to which the value of bitcoin remains low or else the value of bitcoin after halving was going to be almost fixed.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #3 on: May 23, 2020, 12:51:51 PM »
It depends from which direction to look, because bitcoin this year has grown from 3k$ to 10k$, so I think this is a good indicator, but of course we are all waiting when bitcoin will cost 20k$ already.
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Offline sampoerna

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Re: Why bitcoin halving 2020 is not successful?
« Reply #4 on: May 23, 2020, 11:47:57 PM »
Not succesful? In what view? If you view it on Bitcoin price, you must remember that halving won't bring effect suddenly. If you looked previous halvings, the significant rising up just happenend after several months or about 1 year. As the current halving just happened several days ago, so it is very reasonable of still no effect on Bitcoin price now.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #5 on: May 24, 2020, 06:16:03 AM »
I agree with sampoerna's opinion, many of us want an increase in the price of BTC when halving Bitcoin has taken place, but the fact is Halving bitcoin has been successful and miners' rewards have decreased, Halving Bitcoin is now successful amidst a pandemic and if we wait for the price of Bitcoin to rise, then trading is a good choice, because we will benefit when the Bitcoin price that we want is reached according to our wishes

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Re: Why bitcoin halving 2020 is not successful?
« Reply #6 on: May 24, 2020, 11:49:54 PM »
You are wrong, it has been successful even it is very early successful. If you realized it, there was bullish before the halving day. You must miss the chance to trade your Bitcoin, right?
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Re: Why bitcoin halving 2020 is not successful?
« Reply #6 on: May 24, 2020, 11:49:54 PM »


Offline UNIVERSE

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Re: Why bitcoin halving 2020 is not successful?
« Reply #7 on: May 25, 2020, 11:39:51 PM »
I think that it is too early to say that Bitcoin halving is not successful. The increase in the price of BTC after halving should be in some ways. Additionally it also needs more time to make the market rise enough, moreover during this pandemic. they are worrying about the income and trying to ell BTC cheaply.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #8 on: May 26, 2020, 03:52:07 PM »
I don't think that bitcoin halving 2020 was unsuccessful. In the past, prices rallied after the halving some time. I agree that Covid-19 is a huge factor affecting all aspects of our lives, including financial market but at some point, it helped crypto attract money from stock market's collapse. In a nutshell, I would say that 2020 halving was not a failure yet. We only know it in the coming months.

Of course, I see bitcoin halving is unsuccessfull because corona virus has affect the people all country in the word. But I still believe bitcoin will rise and stable at the several months again. Lets see.
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Re: Why bitcoin halving 2020 is not successful?
« Reply #9 on: May 26, 2020, 11:06:37 PM »
Not succesful? In what view? If you view it on Bitcoin price, you must remember that halving won't bring effect suddenly.
I agree ... it needs a process to increase price. the price of bitcoin this year in between 7000$ -10000$. I think the price of the last year or 2021 will increase. Bitcoin hardfork succesful when the situation covid19. so just waiting for the time bitcoin will go back up.
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Offline I-Bit

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Re: Why bitcoin halving 2020 is not successful?
« Reply #10 on: May 26, 2020, 11:32:46 PM »
It is better that you put the link of the article to be the source.
Well,  do not think that Bitcoin halving is not successful. It is too early to say so. Bitcoin halving commonly will influence the market price after some months later or probably will not reach the maximum price so easily. There should also be step by step for the market to rise. Additionally, well yeah it is true that COVID-19 also gives impact tot his and the trend of crypto is probably decreased. 

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Re: Why bitcoin halving 2020 is not successful?
« Reply #11 on: May 27, 2020, 05:33:54 AM »
Due to corona virus in the world, the situation of people remains serious due to which the value of bitcoin remains low or else the value of bitcoin after halving was going to be almost fixed.
Isn't it the pandemic has forced more people to go to the online activities (crypto too) to keep their daily needs? That doesn't make sense if you make a correlation between the result of bitcoin halving with the pandemic. Too much people bought on the rumour if bitcoin would touch its ATH again when the halving happened.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #12 on: May 27, 2020, 07:38:32 PM »
Better not to conclude early as 2020 is still on the process.
Crypto progression is still  available and possible.
Investors are there around the globe holding potential assets.
Halving was done but 2020 is not yet over.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #13 on: May 27, 2020, 07:57:04 PM »
I think the price of Bitcoin will continue to rise, and the final quarter of 2020 this year will be evidence of the success of Bitcoin Halving some time ago.  Although for the time being the price changes aren't too significant, I'm still optimistic that this will success.

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Re: Why bitcoin halving 2020 is not successful?
« Reply #14 on: May 27, 2020, 08:31:18 PM »
It is still very early to assess the consequences of halving the rewards to miners on May 11th. Typically, in the first months after this event, bitcoin falls in price, and a significant increase in prices can be expected throughout the year. The fact that Bitcoin is not falling in price right now indicates its potential for strong price growth.

 

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