Post
Topic
Board Speculation
Re: The 2020 Next Bitcoin Halving vs The 2016 One
by
potatopower
on 17/01/2020, 22:56:49 UTC
The thing about halving is that it increases the mining complexity, because supply is still reducing the market the same way. That will inevitably lead to price rises, even if it's a little bit. And with idea and people looking forward to it so that they can make some profit from it, they are starting to invest and buy more bitcoin and keep. And that contributes to a possible price rise as well. So even if halving doesn't add anything or drastically change the price, it provides an incentive for people to push them to spend more and buy more bitcoin so that they can benefit from it and that leads to price increases.