Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: The bitcoin halving to increase cryptocurrencies prices.
by
julius caesar
on 25/02/2020, 02:27:38 UTC
Quote from: KarlKanKarl on February 23, 2020, 12:13:32 AM
Grin I am just so happy because the bitcoin halving it near again. It could be on May 14. But if not on May 14 it is certain that bitcoin will halve before May 18, 2020.

I am sure that the halving will increase price because:

1. People already anticipating for it and they are ready to invest before the halving time.

2. Bitcoin reward will halve from 12.5 to 6.25. This will cut the supply.

The supply will reduce because of bitcoin halving and the demand will increase because of people that will buy because of anticipation.

Let us expect bitcoin to surely still future increase in price this year.

The supply creation of bitcoin will for surely gonna go down that will result to the sudden rise up of its price. It is simply the rule of supply and demand. Once the supply is higher than the demand, the price will for surely gonna go down. But if the demand is higher than the supply, the price of it is gonna be high. This will for surely gonna happen to bitcoin halving.