Post
Topic
Board Speculation
Re: How will the Halving affect the BTC price?
by
Latviand
on 02/03/2020, 14:23:24 UTC
If I would be ask, we camnot be certain of such thing. Nut if we would base on the previous bitcoin halving, it have triggered the market price increase, so technically, assumptions would go in favor for an anticipated bullish uptrend in its market price. But as I have observed, things are different between the past bitcoin halving and the anticipated one. The prices before started to rise before the occurence of Bitcoin halving. While at this moment, given that the date of halving is getting near, thr prices are still bearish. So there could be two possibilities on the upcoming bitcoin halving: it could trigger a price or there will be nothing much of an effect.
Considering it is only affecting the miners maybe it won't affect as much as we imagine it may? I mean we are talking about something major for miners of course and those miners are a major part of crypto as well so all in all we are still talking about something important but people are reacting like "after halving price will be $100k!!!" or whatever and that is not really realistic.

Definitely, it will be affected and sure even if not right after halving, some time after halving the price will be affected as well and we will see it go up, but I doubt this halving could ever affect the price like going to $100k or whatever, it will at most make it $20k once again and that's about it.

I agree with you that it won't go high as  100kusd on a snap after the halving. Dec2017 btc price surge won't happen again this year or the following year, expect 20k+ after 5 to 10 years.
Well those who are expecting of such market value are just being absurd at this moment. It might be due to their frustrations because the market price has just started to show green marks this year unlike on the previous years especially since correction occured. They might be coping up with the frustrations by making unrealistic assumptions but the fact is we don't have assurance that the increase, if there will be any, will be that high.