Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Paglamon on May 23, 2020, 10:34:32 AM
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
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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
(https://www.coinmama.com/blog/wp-content/uploads/2020/02/ELRjvR1U0AAUtnn.png-large-768x555.png)
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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
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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People are trading cryptos and especially bitcoin more than ever according to released statistics (https://www.forexbrokerz.com/news/revolut-jump-demand-crypto), it will rise more eventually.
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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.
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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.
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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.
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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 .
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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I think it is not enough basis to conclude the 3rd halving wasn't successful. Do we have our own standards about halving success or we know that halving happens without informing us whether it will succeed or not because basically, long time ago bitcoin without having had been successful already.
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I will keep saying it and I will still say it again. Halving isn't prime mover of bitcoin price but adoption. As more as more investors flood into btc, bitcoin will grow and not some mere speculation.
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I have a different idea, i believe the halving was of very good success. And the only difference is that the halving did not impart the price as many people predicted.
But this is not new, market prices does not have to depend on what traders hope for, but instead the reality around
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On the contrary, it seems to me that this year is successful for Bitcoin. If in the middle of the year such a decent price. By the end of the year it should be even higher.
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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.
Keep calm bro, Bitcoin halving 2020 will successful. It just market correction. I think bitcoin will continue to rise until the middle next year. I have read many investors have predicted about it. I think It will happen soon, because the bitcoin progress is good at this month.
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The success of the last halving can be judged no earlier than in a year and a half. It was during this period that the price of bitcoin traditionally grows. However, even now, at the end of summer, when business activity is always falling, bitcoin has grown quite well in price, once again breaking the $ 12,000 mark. Not for long, though.
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The success of the last halving can be judged no earlier than in a year and a half. It was during this period that the price of bitcoin traditionally grows. However, even now, at the end of summer, when business activity is always falling, bitcoin has grown quite well in price, once again breaking the $ 12,000 mark. Not for long, though.
It seems to me if Bitcoin has grown so well after the halving. What awaits us by the end of summer ??? I think there will be a rapid and large increase in its price.
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I have a different idea, i believe the halving was of very good success. And the only difference is that the halving did not impart the price as many people predicted.
But this is not new, market prices does not have to depend on what traders hope for, but instead the reality around
If people have only heard about bitcoin from TV, they don't care that it will be halved. This news only works inside the market. In order for people to invest in this market from the outside, they must see the price increase. Otherwise, why do people need an asset that is falling?
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It seems to me if Bitcoin has grown so well after the halving. What awaits us by the end of summer ??? I think there will be a rapid and large increase in its price.
Maybe after this downtrend scenario. Recently, Bitcoin hit $12,000 and now drops to $10,410. Unclear to me what will be the next thing to happen? Do we see drastic drop or massive increase few days from now.
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The success of the last halving can be judged no earlier than in a year and a half. It was during this period that the price of bitcoin traditionally grows. However, even now, at the end of summer, when business activity is always falling, bitcoin has grown quite well in price, once again breaking the $ 12,000 mark. Not for long, though.
And this reasoning was correct. From the standpoint of today, no one can say that last year's halving in Bitcoin was not crowned with success. We see that in May, exactly one year after this event, the price of bitcoin rose to more than $ 64,000. Moreover, we hope that this is not the limit, and if not in this, then next year we will see the continuation of its price growth.
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Success came at the end of journey, written in public opinion as great masterpiece, not in beginning and came from articles. I see bitcoin as a product, as long not loose trust everything will be fine. Trust means investor, trader and liquidity not negative sentiment or hoax.
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Can you tell me where do you find that Bitcoin halving 2020 is not successful?
We can see how the price pumps several times after halving. The price of Bitcoin moreover could reach more than $62k. And this is called as unsuccessful?
You may not need to see it now but the previous bullish era is.
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This theme was created 12 days after the halving event itself. Of course, after such a short time, the price results should not be seen yet. In practice, a significant increase in the price of bitcoin occurs about a year after the halving. In principle, this time bitcoin began to grow even after six months and grew right up to this May. Well, the result of this growth is quite impressive - over $ 64,000. Now it can no longer be said that halving was ultimately unsuccessful in terms of the price growth result.
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Success will be in the following year, January 2021 to April and this is the best opportunity for us to get something very good from the halving plan.
Hopefully this is the best choice for us to be able to love the cryptocurrency market because this market is very different from the others and can change the price overnight from 10 to 1000 .
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Success will be in the following year, January 2021 to April and this is the best opportunity for us to get something very good from the halving plan.
Hopefully this is the best choice for us to be able to love the cryptocurrency market because this market is very different from the others and can change the price overnight from 10 to 1000 .
the process of increasing bitcoin getting renewable ATH always starts from the halving, but the effect if we look at the first and second halvings is after a year later and always at the end of the year, so the 2020 halving will increase at of this year, and it could be November or December based on halving. experience the past it is certain that by the end of this year bitcoin will reach renewable ATH and will probably be significant.
we just wait and if you want to enjoy the upgrade there is still time to hold on.
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Process !
It takes a Bitcoin process to get through difficult times like this because I'm also sure that Btcoin is like a time bomb that will explode in the future and the price will get higher because everyone is holding.
I also don't think that much for the success of the halving because the increase in the price of Bitcoin is enough for us to get a little profit from 1 Bitcoin.
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Process !
It takes a Bitcoin process to get through difficult times like this because I'm also sure that Btcoin is like a time bomb that will explode in the future and the price will get higher because everyone is holding.
I also don't think that much for the success of the halving because the increase in the price of Bitcoin is enough for us to get a little profit from 1 Bitcoin.
it is clear that all need processes and one of them is the process of the halving effect and that we cannot avoid and the reality that has happened so far. it's been proven that the first and second halvings make bitcoin increase a year later and reach its ATH, what not impossible the 2020 halving will happen again at the end of this year!!!. hopefully all hope that what has happened can happen again and it's not impossible.
some have been happy to get an increase in bitcoin before it was corrected a few months ago but maybe some missed it because they felt that the desired price had not been reached so they didn't get what they wanted, hopefully the halving effect can meet what is expected. all obviously have a lot of differences in addressing this and that's only natural, the important thing is that bitcoin will increase in the future.
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Bitcoin is not half as successful in 2020. I can't say much about this but what I think is that the price of Bitcoin increased massively in late 2020 but Bitcoin income was much lower in early 2020. So that's what I wanted to say. I think Bitcoin is half successful in 2020.
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I, the new member of this forum, will apologize if I have made any nonsensical remarks. The fact that Bitcoin is not half successful by 2020 implies that by 2020 some people have seen the price of Bitcoin drop dramatically. At that time, Bitcoin was not called successful.
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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.
When you look at this Bitcoin Rainbow Chart
(https://i.imgur.com/r6GvOJG.jpg)
from Blockchaincenter (https://www.blockchaincenter.net/bitcoin-rainbow-chart/) we would realize that after the first two Halving that happened as already mentioned, Bitcoins price didn't really rally upward immediately as was the third Halving. I understand people would think that as soon as the halving thing happens, the price should immediately change, as in go up but all that is still dependant on the market forces. We cannot also deny that when the time was right, we saw a big uptrend for Bitcoin and other cryptocurrencies in 2021 and might still see the second round of uptrend gain to a new ATH.
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Now hardly anyone can say that last year's halving was not crowned with success after bitcoin recently reached a price of almost 70,000 dollars, and even last year after the halving, we discussed whether it could rise again in price to 20,000 and above. So far, there is really a tendency that after this event in a year and a half bitcoin is growing very sharply in price. I do not know how many more four-year cycles this will continue, because it cannot grow in price infinitely at such a rate. But for now, it works.
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Maybe pandemic COVID 19 teh reason why bitcoin halving didn't successful in 2020. But Bitcoin has good progress in 2021.
Bitcoin touch new ATH.
Current bitcoin is struggling now, But bitcoin will reach 70K USD soon.
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Maybe pandemic COVID 19 teh reason why bitcoin halving didn't successful in 2020. But Bitcoin has good progress in 2021.
Bitcoin touch new ATH.
Current bitcoin is struggling now, But bitcoin will reach 70K USD soon.
Halving was in May 2020. Then the price of bitcoin was about $ 10,000. Typically, the price effect of this event occurs in a year or even a year and a half. However, in December 2020, Bitcoin reached its previous price record of $ 20,000, and this year it has climbed to almost $ 70,000. It can hardly be said that the latest Bitcoin halving was not successful. This success is evident.
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My guess is that speculative methods have very much dominated the coin in recent months.
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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.
(https://i.imgur.com/7IFc6ix.jpg)
I believe that there is still some time before the next halving for bitcoin to rally towards the Maximum Bubble territory like in after the past Halving as we see in the chart above. I have also read in the post below that 2020 halving isn't successful because of COVID, like I said, 2020 halving is still in progress, and not until we get to the next halving, we cant conclude on that and besides during the 2016 Halving, Bitcoins price was around $647+ and hit an ATH of about $19k+ and this last Halving see Bitcoins price @ $9k+ and from there, Bitcoin has risen to an ATH so far of $69K+ and we still have little above 2 more years to go.
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COVID-19 has played a role. People were afraid to lose not only health, but also money. I believe that the pandemic has played a negative role. It's good that the pandemic is waning. COVID-19 has had half the impact on Bitcoin due to its impact. Thus, the MTC rate falls. Perhaps, after the pandemic is over, bitcoin will come in the same position.
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COVID-19 has played a role. People were afraid to lose not only health, but also money. I believe that the pandemic has played a negative role. It's good that the pandemic is waning. COVID-19 has had half the impact on Bitcoin due to its impact. Thus, the MTC rate falls. Perhaps, after the pandemic is over, bitcoin will come in the same position.
Make sense, If you have opinion why bitcoin halving 2020 is not successful, because of pandemic COVID 19.
I see many people keep their money and fear to invest.
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Maybe it's not time to panic yet, everything should happen the other way around and the price of bitcoin should rise soon. It can be seen that the market is starting to sink, but I don't think it will start to fall further and it's probably too early.
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there is a pandemic that is spreading and many events have been postponed so that the bitcoin halving in 2020 is a bit constrained but I'm sure it won't reduce anything and as much as possible the halving will be held next year, so hopefully this can provide good news for bitcoin and give some fresh air for bitcoin holders, traders and investors.
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I don't think it has failed. There have been serious increases in price. Now it looks like it's waiting to determine the direction. Maybe there will be a good bitcoin rise very soon. I believe that for the next halving, it will rise above $100k in price.
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calm down, I think the price will reach the target you mentioned because if you look at the price movement of bitcoin from the first year in circulation until now the price shows signs of increasing prices from year to year, so even if the halving fails, there will definitely be good news one day.
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This topic was written immediately in May 2020 after the halving that happened. Of course, at that time, the price effect could not have manifested itself so quickly. This is despite the fact that it usually appears a year after this event, or even a year and a half. Now we can say that halving in the price plan has fully justified itself. Bitcoin price has risen from $ 10,000 to $ 69,000.
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This topic was written immediately in May 2020 after the halving that happened. Of course, at that time, the price effect could not have manifested itself so quickly. This is despite the fact that it usually appears a year after this event, or even a year and a half. Now we can say that halving in the price plan has fully justified itself. Bitcoin price has risen from $ 10,000 to $ 69,000.
And this is before Bitcoin had such a high increase in this year, I think the Bitcoin Halving in 2020 has been a huge success which made the Bitcoin price reach a very high ATH.
Although there are some people who want the price of Bitcoin to reach $100k, but for me the ATH that Bitcoin achieved at $69,000 I think this is a big success of the Bitcoin Halving in 2020.