Quote from: Jace Lee on June 01, 2019, 11:41:43 AM

Quote from: Kakmakr on May 31, 2019, 06:41:45 AM

Quote from: odolvlobo on May 31, 2019, 05:52:26 AM

Quote from: iam_aayushiJ on May 29, 2019, 09:29:30 AM

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Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.
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The times that the price has risen dramatically do not coincide with a halving. Doesn't that indicate the price rises are unrelated to the halvings?

These facts contradict the story of the halving-induced price rises:

The price rise after the 2012 halving started about a year before the halving and ended with a bubble shortly after the halving

The rise to $1000 started six months after the 2012 halving, after a steep drop following the previous bubble. If you attribute the rise to $1000 to the halving, woulding you also attribute the fall from $200 to $70.

The price rise to $20000 started about a year before the 2016 halving and the price actually fell during the month after the halving.

You make a very good point, but we normally see a slight increase in the price about a week or two before the Halving event starts and that might be directly attributed to the media hype that are built before the event happens.

I think people give more credit than credit are due for this event having a significant impact on the price. The impact is much smaller and it only last about 2 or 3 weeks. Roll Eyes

Logically, the price has to increase with the halving right?

Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.

Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.

This is as per my understanding. Please do explain if you have other side of looking into the halving.

It should do yes. It is strange how crypto goes though, what you think is sure to happen just doesn't. I am afraid not everyone is as logical as you and I. Predicting how these people influence the market is like a wild card honestly. I am trying to collect as much bitcoin as I can before the halving. I kinda wish the hlaving was held back since I want to build up my bitcoin stock ^^