Quote from: Beerwizzard on March 05, 2019, 12:19:21 PM

Quote from: bitmover on March 05, 2019, 12:03:08 PM

Quote from: EriksonPartners on March 05, 2019, 11:36:40 AM

85% of all Bitcoins will have already be mined by the time of the halving. How do you think Bitcoins 2020 halving will affect its price?

Of course it will affect the price. Miners will have less bitcoin to sell, so by the economic law of supply and demand, it will in theory, increase the price. As the supply is now lower

Not necessary. Supply and demand forms a price. And this is not about the general supply of the coin but about the supply on the specific market (e.g. exchange). Way bigger role plays the amount of HODLers on the market. You may expect a fast pump but some FUD may happen and despite the lower general supply BTC rate could drop.

Nice point, that 2020 halving will not affect the price greatly but surely it will affect in huge manner if and only if the current supply of bitcoin is near full or fully accommodated. It's total supply will going to rise and the price will depend on the investor and users.