I have been through a couple of Halvings before and I can tell you with all honesty that the impact is not very significant. Yes, an event like this gets some media attention prior to the event and this leads to some new people investing for the first time and some older investors buying more coins, but it is not significant at all.
the significance is a resistance that forms by limiting the supply
if you were to cut gold's inflation ("mining rewards") by half, let's just say the price would be affected, not immediately of course, you are correct in that aspect
Based on my experience on the last block halving, it took months like four to five months after before we see the price moving on the positive so I'm not sure if they will be same in 2020.
So it means that yes it has a positive effect but it's not felt overnight. So for those who are saying that this event could be the catalyst, yes, it might, but we need to wait for the actual effect after. It won't be the magic wand that will turn the price from $3K-$20K just like that.
So it means that yes it has a positive effect but it's not felt overnight. So for those who are saying that this event could be the catalyst, yes, it might, but we need to wait for the actual effect after. It won't be the magic wand that will turn the price from $3K-$20K just like that.
precisely
the halving is not felt overnight
it creates pressure
you can actually see the curve forming itself on the logarithmic scale
as volume and market cap increase, the curve becomes more precise