Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Results 1 to 6 of 6

Thread: Will the coming Bitcoin halving have an effect on price?

  1. #1
    Junior Member
    Join Date
    Mar 2020
    Posts
    28
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Will the coming Bitcoin halving have an effect on price?

    Will the coming Bitcoin halving have an effect on price?

  2. #2
    Senior Member
    Join Date
    Sep 2018
    Posts
    692
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    39
    Thanked 13 Times in 27 Posts
    It is possible. Bitcoin halving means that the supply will be lessened hence, the demand could be higher and will result to affecting the value of the coin.

  3. #3
    Senior Member
    Join Date
    Sep 2018
    Posts
    695
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    31
    Thanked 14 Times in 31 Posts
    It definitely will have an effect. Halving means that the supply of blocks mined on every successful mining will be reduced hence the supply is lowered.

  4. #4
    Senior Member
    Join Date
    Dec 2017
    Posts
    1,270
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    6
    Thanked 28 Times in 32 Posts
    Sometimes, it has left me wondering if it affects the current value of the Bitcoin. I am beginning to think that we are overthinking by exaggerating the effects of the Bitcoin when there's no evidence presented yet. Almost all of us are keeping our eyes on Bitcoin halving like a holy grail. Do you really believe that miners have the power to influence the price of the Bitcoin?

  5. #5
    Junior Member
    Join Date
    Aug 2019
    Posts
    16
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    0
    Thanked 0 Times in 0 Posts
    The coming Bitcoin halving will definitely have an effect on the price of Bitcoin as the rewards to blocks for mining are going to be reduced. Coupled with the fact that the total maximum supply of Bitcoin is a fixed amount, and the degrading of fiat currencies as a result of stimulus packages injected by countries in order to fight the impact of Covid19, it is expected that the bitcoin halving will trigger a massive spike in the price of Bitcoin.

  6. InstaForex
  7. #6
    Senior Member
    Join Date
    Oct 2018
    Posts
    476
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    60
    Thanked 11 Times in 11 Posts
    Quote Originally Posted by Otto619 View Post
    The coming Bitcoin halving will definitely have an effect on the price of Bitcoin as the rewards to blocks for mining are going to be reduced. Coupled with the fact that the total maximum supply of Bitcoin is a fixed amount, and the degrading of fiat currencies as a result of stimulus packages injected by countries in order to fight the impact of Covid19, it is expected that the bitcoin halving will trigger a massive spike in the price of Bitcoin.
    Now that the halving has occurred, we can see that the movement is still going upwards. The impact of this halving, though, is that it has dropped the revenues of miners by 60%. With the reduced value of each block, the rewards received my miners has also declined.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit