Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on April 30, 2020, 11:41:23 PM
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Next month, May the crypto eco-system will be experiencing the biirth of another new cryptocurrency from bitcoin. it is another opportunity for bitcoin owners to own a new coin as a result of bitcoin halving. what do you think is the result of such situation.
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Next month, May the crypto eco-system will be experiencing the biirth of another new cryptocurrency from bitcoin. it is another opportunity for bitcoin owners to own a new coin as a result of bitcoin halving. what do you think is the result of such situation.
I don't understand what you really mean about " the birth of another new cryptocurrency from bitcoin." As far as I know, it was just a halving of rewards per block and it was not a hard fork, The halving event is just a simple halving of rewards per block from 12.5 BTC today to become 6.25 per block after the halving event. and it is not resulting in another new coin in the opposite of what you are mention.
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Halving the remuneration of miners for each new mined block of bitcoin traditionally leads to an increase in the price of bitcoin and the entire cryptocurrency market. However, this does not happen immediately, but during the year. Therefore, now, despite the difficulties caused by the struggle against the spread of coronavirus, the price of bitcoin is slowly and steadily increasing.
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The bitcoin halving to me is going to introduce to the space alot of uncertainties, and i do urge every traders, hodlers to beware and be on top of this game.
The unexpected is gonna happen this yearhalving.
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Bitcoin halving isn't birthing another coin like you said but it is surely going to affect the prices of Bitcoin positively as seen in the past. It is projected that, this halving might drag the price of Bitcoin to a new all time high of over $50k. This seems highly unlikely in the short term but it is possible. Already, the effect of halving is already being experienced in the market with a reaction in price as Bitcoin tasted over $9k twice this week. The Bitcoin futures and commodities trading markets have also seen surges across several crypto exchange platforms with KoinPro particularly showing interesting growth. It is believed that, things will increase exponentially as the halving date draws closer.
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I don't understand what you really mean about " the birth of another new cryptocurrency from bitcoin."
Same here. It seems weird. ;D
Halving isn't the time for another crypto to come, it is one of the moments in Bitcoin. And it is connected to the rising of Bitcoin price, NOT to the birth of another crypto. Not sure why OP stated it, I think he is probably sleepy while posting this topic. lol
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Bitcoin Halving will certainly affect the price of other Cryptocurrency coins, usually if Bitcoin halving occurs, the price of Cryptocurrency will go up.
And this can be a great opportunity for Bitcoin owners to sell their assets and then choose other coins for investment. And the opportunity to get even greater benefits.
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Bitcoin Halving will certainly affect the price of other Cryptocurrency coins, usually if Bitcoin halving occurs, the price of Cryptocurrency will go up.
Yep, we can see it from the history of previous halvings. When the halving to happen, the prices of Bitcoin and top altcoins follow it to increase as well. I think it is good for crypto holders, they will have a chance to take profits after holding months or years.
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It is around 10 days remaining for the Bitcoin halving. This will really affect to the miners especially. However, it will also influence to all parties of the Bitcoin holds, including traders. Some predictions tell that the price will rise up significantly after some moment of the BTC halving. However, will it rise immediately after halving or waiting for some months?
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I think thread starter has confused btc halving with btc forks ;D. Nevertheless we should enjoy it. And as far as halving is concerned i am bullish on btc and im hopeful btc will be ready for new high price by years end.