Post
Topic
Board Bitcoin Discussion
Re: Can bitcoin halving make cryptocurrencies reach all time high again?
by
Zackgeno96
on 27/05/2020, 16:23:39 UTC
I think it will make a big difference. There is a lot of potential for the price of Bitcoin to go up, But it is difficult to say exactly when it will happen. There are many positive aspects to Bitcoin Halving. Many people have expressed their opinion that the price of Bitcoin will go up a lot. I will not say that it will not happen, but everyone has to wait and be patient.
The halving have already happened and the price is still the same and there isn't any effect on the total network hashrate of bitcoin, so the halving didn't have any bad affect on the miners as if mining would have become unprofitable for them then they would have left mining and the hashrate would also have dropped, but this isn't the case.
We should wait for a few months for the bitcoins price to start increasing again as the world is currently suffering from a very big problem which is Corona virus pandemic, so after recovering from it the world GDP will increase and then we can see the price increase of bitcoin.