Post
Topic
Board Bitcoin Discussion
Re: Bitcoin halving 2020 is almost here, are you ready?
by
Irvinn
on 19/04/2020, 11:33:42 UTC
I'm pretty much ready, just as I've been ready the last time it happened. I'm also ready for a fall should that occur. It's not like I need to buy something with my coins here and now.
I'm pretty sure that the price of 6k dollars is too low right now and we should be around 10k. That's good news for those scared cats out there, but also bad news for poeople who think we'll go to 50k after the halving. Bitcoin has a potential for 200k+ price, but not yet.
I still have some doubts as to how the halving of Bitcoin mining rewards can affect the price of a cryptocurrency.  Of course, you can take into account 2013 and 2016 for a more thorough study, where after 2016 bitcoin showed too fast a price growth rate.  Of course, this could happen as a result of the halving, but one must also take into account the fact that that period was the peak of the too active phase of investment in cryptocurrency and the growth in the number of new projects.  Of course, every cryptocurrency user expects in May 2020, while buying an affordable amount of bitcoin, but we can only judge the results after this event.