Why bitcoin halving 2020 is not successful?

[gunhell16]

Why? does halving is done now? when does it happen?
Because as far as I know, the halving is not done yet, dude.
Don't be such in a hurry, and besides, in the future, it will really become
successful of course.

[Ghozrd]

Why? does halving is done now? when does it happen?
Because as far as I know, the halving is not done yet, dude.
Don't be such in a hurry, and besides, in the future, it will really become
successful of course.

Halving Bitcoin This has happened this month, if you want to see Halving Bitcoin then you can visit the following link https://www.coingecko.com/en/explain/bitcoin_halving.
In 2024 we will see a Bitcoin block reward will decrease from 6.25 to 3,125 coins in approximately 1444 days
Experts believe that the price of Bitcoin will rise after Halving Bitcoin but to date Bitcoin still maintains its best price of between $ 8,000 and $ 9,000.
If we look at the Bitcoin price chart after Halving day, the bitcoin price does not show a significant increase, the price slowly rises over time, when there are a large number of requests for Bitcoin

[carcas]

My opinion improvement after halving will only be seen in the following year. You can see the previous year when bitcoin experienced halving. The big increase will occur 1 year after halving.  If because of covid 19 this year it would certainly have an effect on increasing crypto prices

[Nestle]

Not yet time to say halving in 2020 was not successful. I think the price increase after halving needs to process and time. You should wait and be more patient for now

[Noverteno]

Not yet time to say halving in 2020 was not successful. I think the price increase after halving needs to process and time. You should wait and be more patient for now

Indeed, we should not expect a quick result regarding the rise in the price of bitcoin after halving the reward to miners on May 11. So far, this process is even better than expected. The price of bitcoin did not fall after halving, as was the case in similar cases. For a significant increase in the price of bitcoin, we need to wait for a year.

[Jaguar]

Not yet time to say halving in 2020 was not successful. I think the price increase after halving needs to process and time. You should wait and be more patient for now

Wait more time. The process is not yet finished.
There are more chances to overcome market decreases. Btc is potential than anything in cryptos.

[Bobcrypto]

Obviously, this year Bitcoin halving event was successful, and I think it couldn't have been better than what some persons expected despite covid 19 pandemic disease.

One thing of note in crypto is that, Bitcoin had always been known to exceed many expectations wether it be positive or negative. We had a situation in 2017 where Bitcoin exceeded many people's expectations even the doubting Thomos. We can not also forget 2018 in a hurry, Bitcoin had its all time low, a situation that brought the worst fear.
Halving event or no event, Bitcoin can pump up or down and this is mainly because of the demand & supply rules regardless of the halving event.

[Octoalts]

If my prediction is that Bitcoin Halving this year will be a success if only there is currently no economic crisis due to the Corona Virus Pandemic.  We should still be grateful because in times of epidemics like this the price of Bitcoin can still rise, even though it is not in line with our expectations.

[Quart]

Bitcoin Halving this year will be a success if only there is currently no economic crisis due to the Corona Virus Pandemic.

Even if there is a pandemic or economic crisis, I am sure that halving will be always successful. I don't know why people stated it is not successful. It brings effects on Bitcoin prices whatever the condition around. But halving still works and runs without any obstacles. So, it is successful whatever the current price. We cannot judge it is failed because of the low price only.

[Coin63@]

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.

I don't think corona Pandemic can effect negative on bitcoin price. Bitcoin price almost better than the 2018 and 2019 biggest scamming year.. In the corona situation bitcoin price is gradually increasing. So be patient, bitcoin will go to the moon.

[Prime]

It is successful but it needs time to achieve significant rising. I guess, the scenario isn't so different from the previous halving. It may drop several weeks after halving, then after several months it will increase significantly.

[mlawson71]

People are trading cryptos and especially bitcoin more than ever according to released statistics, it will rise more eventually.

[Alter]

It is successful but it needs time to achieve significant rising. -- It may drop several weeks after halving, then after several months it will increase significantly.

I agree that the price of Bitcoin needs time to surge, it doesn't increase significantly suddenly. We need to wait for till the end of this year to see the effect of halving, so don't too early say it is failed.

[Senin]

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.

Halving the rewards to miners was successful. In the first few months after this, a drop in the price of Bitcoin is usually observed, since the entire Bitcoin mining system must be reconfigured. Only after this is a gradual increase in the price of bitcoin observed, however, a significant increase in the price can be expected only throughout the year.
Coronavirus negatively affected the cryptocurrency market only so far at the initial stage of its appearance. After that, bitcoin and the entire cryptocurrency market began to recover slowly and by that time had almost completely recovered.

[Paglamon]

I am hoping to increase the price of Bitcoin. However, there are various comments about halving. Why halving successful launches, many people are making various posts and comments in response to that question. Many are commenting without understanding. But if I tell you, the price will not increase. Actually there is no sign of price increase at this time. Because corona virus is infected all over the world. Where the economy is under threat, I think if the price of bitcoin goes up, there will be a worldwide outcry. But we hope to be able to overcome the economic downturn very soon. So you don't get excited about your bitcoins.