Why bitcoin halving 2020 is not successful?

[Michael.sol]

I think the main reason behind it only Corona viruses or we can assumed other reason also like buying and selling orders . Everyone Infact me exited for see pump in Bitcoin price . But nothing too much happen in Bitcoin halving 2020 .

[Ransow]

Right now BTC domination is too high in cryptomarket still this coin is more strong than all altcoins but BTC is struggling to break $10k resistance although at last three months BTC growth is too high so at this time we need patience because this time BTC will hit all time high price it will happen in next year.

[Tanimariya]

Yes, Btc halving was not successful. You will not lose hope. You wait in the hope of making a profit. I think if you have 1 btc then you are next to bitcoin mining. You stay happy. If those people set foot on both sides of the road, they will be disappointed. Another thing is to stick to the work you love, success will come. So you should stick to it without thinking of halving. I am investing. With that I don’t worry about halving. I will snatch success. I love bitcoin.

[ShadowCrypto]

Not suscesfull in which way? the price didn't changed for more but now we have more resistance, even with price around 9k it will be harder to fall much, we need more time to price grow.

[shadowdio]

So you mean not successful because the price of bitcoin not increasing?, well due to corona virus, I expect the price of bitcoin will touch $13k in the halving but the virus was stopping it.

[Cryptoz]

So you mean not successful because the price of bitcoin not increasing?,

Yeah, I think it is the reason why he said that. He seems not patient to see a big increase in Bitcoin after the halving day. But I think the price is just still not increasing, it will increase soon at the end of this year. We don't hurry to conclude success or not the halving only based on the current price. 

[alltalk]

In my view, Bitcoin halving 2020 will fulfill people's expectation but it should take time. Most experts or analysts predict that the possible big rising will be at the end of 2020 or in 2021. I also saw some of us have stated it above, and I agree with that opinion. It makes sense as the price won't surge significantly suddenly. It needs time as the previous halving, may be about a year.

[Muneeb22]

Before halving so many peoples will start to invest their money in the crypto market and buy so many different coins and so many peoples will buy the BTC but their is not any movement but soon it will make a bull when the peoples will think that the crypto market is not profitable and the coin savers will make money on that time.

[Alcor]

I would not say that we are not seeing any results in relation to the rise in the price of bitcoin after the reward for manners is halved for each new block of bitcoin mined. It is now August, that is, a period of general downturn in business activity in all markets. Meanwhile, we see that the price of bitcoin crossed the $ 12,000 mark a few days ago. Optimism for the growth of the cryptocurrency market still persists. Apparently, a good price rise for bitcoin should be expected in the fall.
In addition, the cost effect of help usually only appears throughout the year. Therefore, it is too early to say that the third division in half does not bring success.

[yohananaomi]

I think maybe you should look at the previous halving event, not after the halving immediately there was a change but it took another year before it changed;

I have details that might be used as a comparison for those who want to analyze well;

Halving 1
November 28, 2012
Highest price 2013, November $ 1,127

Halving 2
9 July 2016
2017 high, December  $ 19,665

Halving 3
12 May 2020
Highest price (estimated 2021)

Now it is up to you to decide as this is only a prediction that occurred in the past, to be used as a reference only. the decision is only yours who have the capital.

[Gubre]

The pandemic could be a blessing or a stumbling block of bitcoin halving for this year.  The reason is, since there is no business in the real world online could be the best choice and bitcoin could be part of the trend. the second reason is that,  since economic is down and people are starving I doubt that this will bring band effect to btc holders to sell theirs at low price.

[Riya143]

Bitcoin's halving has not been successful due to the global epidemic. I don't think that's the main issue. Because of the epidemic, I think the price of bitcoin has not decreased. If you look at the market, you can see that the price of Bitcoin has been strong and buoyant all the time. The price of Bitcoin cannot go down when it is excited. I have always monitored the market. I also noticed that the price of Bitcoin has not decreased. But now the price of Bitcoin has started falling. So the reason for not getting price increase or halving success is not corona virus.

[MrSpasybo]

I think BTC Halving succeeded, when the block reward was actually halved ^^
However, this event did not impact the price of BTC and the whole market as much as many expected. The reason may come from scam projects like PlusToken from China, and staking + DeFi which has taken a main place on the crypto scene in 2020.

[edmundo]

Halving doesn't just come with instant success and noticeability, it takes a bit of time and this has always been the case even with past bitcoin halving. Recently, the effects of halvinare beginning to take shape and this has literally transformed the market from its bearish stake couple of weeks to months back to what we now have in the market which bullish. The halving effect of 2020 will certainly turn a new chapter for bitcoin and the industry will be happy for that.

[wahyudi]

These technical problems are the foundation of finance: the consequences of market halvings.  The question is whether history will repeat itself?  As with any market, relying on historical data remains essential in anticipating price movements - especially considering that since the first halving, Bitcoin has skyrocketed 1,000 times its value.