Post
Topic
Board Speculation
Re: The 2020 Next Bitcoin Halving vs The 2016 One
by
drachman
on 29/12/2019, 03:11:07 UTC
Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving?

I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any).

https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/
We cannot base our beliefs on a single data point, just because the price of bitcoin performed really well back then that does not mean the same will happen again, especially since it is way easier to go from 400 to 800 than it is to go from 7000 to 14000, people need to accept that as the price of bitcoin goes up it will have greater problems to keep growing as the money needed to make the price to go up increases as well, if you want to see that kind of performance during the halving then it could be a good idea to concentrate in altcoins instead.