I had a dream, a dream in a world where bitcoin its in everyday use, where people full of greed accumulates and holds Bitcoins like precious metals waiting for THE HALVENING.
A world wide tradition that happens every four years and can turn the poor into rich and the rich into poor
That's what will make Bitcoin to success, GREED
The halving is going to happen soon and I am curious about what is going to happen with the price after the halving.
Do you guys have any idea of what the price might be after the halving because I do not know what to expect.
Its really hard to predict now of what could be the price after halving. It can go down to as low as 300$ or maybe it will remain stable at 650$ .
It all depends if the bitcoin managed to reach an attractive price which may cause the bitcoin holders to sell the coins.
Yeah, when the halving hype is done, i think the price of bitcoin will decrease and back to normal and before it happen it's better to sell all your bitcoin.
What do you mean by "normal"? I agree that the last price increase was due to people speculating on the future value of Bitcoin. But if you understand how the halving works, you will realise that tomorrow, when block 420.000 is mined, the supply of new bitcoins will be halved FOREVER. And after 4 year, it would be halved again. The supply of bitcoin is a finite amount, it will never go beyond 21.000.000.
This means that the real effect of the halving is not what we see now. In will be in the long term, when people hopefully will want to buy bitcoin and there will be less and less in circulation.