What do you expect the Bitcoin price to become after the Halvnig event

[Wassouf]

* Bitcoin Halving :

Halving is the process of reducing the rate of creation of new digital currencies. Specifically, the word "Halving" refers to the events of reducing mining block rewards provided to miners.


* The importance of halving :

Halving operations is the essence of the economy of digital currencies, because it guarantees the issuance of new currencies at a fixed rate, this rate is used to combat inflation, and it is also one of the main differences between digital currencies and fiat currencies that can be printed in unlimited numbers.

* The number of Bitcoin halving events that occurred before :

There were only two Bitcoin halving operations, the first occurred in November , 2012 and the second in July , 2016 . At the time of the first Halving event the price of bitcoin was $ 12 and at the time of the second halving the bitcoin price bacame $ 650 .
There will only be 32 Bitcoin Halving events, and after all these events have occurred it will not be possible to create new Bitcoin , as the maximum bid will be reached.


What do you expect the Bitcoin price to become after the Halvnig event ?

[Ali saher]

Ohh very nice information I use bitcoin last 3 years . When I start trading bitcoin this time Btc price 20k USD plus. As such I not know so much about bitcoin how this make but I use bitcoin as a part time business.

[Magdsolieman]

Thank you for this useful post. Yes, this is what happens after the half-term. It is similar to the cryptocurrency break and is prepared again for the rise, but this time the price will be to the moon by returning to price charts. We see that the price was at the beginning of the year 2020 about $ 10,000 After the half-year period, it is expected that it will increase about $ 2,000 over the old price, ie $ 12,000

[Aiza824]

The last two halving did not really gain attention because BTC during that time isn't that popular. It was only until the FOMO 2017, Facebook Libra and the recent volatility events where BTC is gaining spotlight again. This next halving would be very significant because miners will be put under jeopardy if the problem won't really lie on the current market's inflation (obviously not the case) even though the supply-demand curve is shifting in favor of a price increase. Bitcoin hasn't been gaining any significant confidence from investors to invest on as wel even if the economy is now reeling because of the pandemic. I fear it would be a price drop once the halving happens.