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SubscribeWill the coming Bitcoin halving have an effect on price?
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#1
Will the coming Bitcoin halving have an effect on price?
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#2
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.
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#3
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.
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Wekesa (08-12-2020)
#4
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?
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Wekesa (08-12-2020)
#5
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.
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Wekesa (08-12-2020)
#6
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.Originally Posted by Otto619
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Wekesa (08-12-2020)
#7
okay as am writing this post, it has aready happened and in the end it has been able to show a lot of progress and bitcoin has hit around 11,000 from 5000 usd and it has been the reason behind success, the halving I mean , but we are not so sure that its going to surge anymore but we have to wait and see and we are going to be blessed a lot
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#8
yes it did have an effect, the price of bitcoin was at 4000$ and I thought this was in rediness for the kind of an upsurge that was to happen and in so many ways I have been able to move in the so many directions that we see around there are so many ways to work in to the whole situation
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