Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on April 16, 2020, 05:20:24 PM

Title: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: sirty143 on April 16, 2020, 05:20:24 PM
Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC After – Peter Schiff

(https://zycrypto.com/wp-content/uploads/2020/04/Bitcoin-Halving-is-Not-Bullish-and-Risks-%E2%80%9CSell-the-fact%E2%80%9D-as-None-Will-Buy-Bitcoin-After-%E2%80%93-Peter-Schiff.jpg)

The Bitcoin halving is in a couple of weeks and as expected, there are several opinions about what the halving stands for and whether or not it will be bullish for Bitcoin. According to Peter Schiff, the halving might not have... See more for yourself here (https://zycrypto.com/bitcoin-halving-is-not-bullish-and-risks-sell-the-fact-as-none-will-buy-btc-after-peter-schiff/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: I-Bit on April 16, 2020, 07:52:15 PM
We cannot judge that none will buy BTC. If it happens, crypto exchanges will be closed after halving as none will set order buy.  ;D
I am still quite sure that there will be a good improvement on Bitcoin price as it is proven on the previous halving. But surely I don't expect too much!  ;)
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: Noverteno on April 16, 2020, 08:29:02 PM
The price effect of halving the remuneration of miners for every new bitcoin block mined will inevitably be, but not immediately. As evidenced by the similar practice of bitcoin dividing in 2012 and 2016, the price of bitcoin rose significantly about a year after the event itself. Therefore, now it’s more worthwhile to look closely at how Bitcoin and the entire cryptocurrency market will react to the onset of the global economic crisis. The increase in prices in the cryptocurrency market as a reaction to the economic crisis should occur much faster than from the Bitcoin dividing event, which should occur on May 13.
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: Geey on April 16, 2020, 09:02:25 PM
Quote from: I-Bit on April 16, 2020, 07:52:15 PM
We cannot judge that none will buy BTC. If it happens, crypto exchanges will be closed after halving as none will set order buy.  ;D
I am still quite sure that there will be a good improvement on Bitcoin price as it is proven on the previous halving. But surely I don't expect too much!  ;)

It's only for reward blocks for bitcoin mining, not a reduction so people can't buy it - hopefully this year's halving can be like yesterday's halving increasing very big
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: ShadowCrypto on April 17, 2020, 12:39:02 AM
This is true, the pandemic will make this bearish scenario last for a while, no bull run will be happening this year, a lot of people will be selling their BTC, and the price will down.
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: Senin on April 20, 2020, 03:13:47 PM
This May event will in any case lead to a sharp increase in the price of bitcoin. However, it will not be right in the next few months. As practice shows, the increase in the price of bitcoin occurs only throughout the year.
As for the total price of bitcoin, then its growth this year will still be. This should be influenced by the onset of the global economic crisis.
Title: Re: Bitcoin Halving is Not Bullish and Risks “Sell the fact” as None Will Buy BTC
Post by: sampoerna on April 20, 2020, 09:56:31 PM
As Covid-19 still continues and we don't know when it will end, I can agree with about this. Halving doesn't mean automatically to increase Bitcoin price, it needs good supports from other factors. With bad condition like today, I am so doubtful that people will have spirit to buy many Bitcoins this year.