Bitcoin 2020 Halvening - Will it be a Great Big Disappointment?
With a lot of hype and expectations surrounding the Bitcoin 2020 halvening, there are inevitably those who ask - what if the event doesn't live up to the hype? What if it flops?
They typically raise two points. The first is around the market already being aware of the event, thus being priced in. The second revolves around the disappointment of Litecoin's recent halvening event.
In this video, I address both of those points.
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Anyone can look up that the last Bitcoin halvening event occurred on 2016-07-09
Now crop a Bitcoin graph to that time-frame.
The market tried to price in the event early and then it crashed until October. For four months people were probably convinced it was a huge bust.
The exact same thing just happened to Litecoin. Let's see what happens with Litecoin this winter, shall we? The entire issue is being looked at on the wrong time frames in my opinion.
The market needs time before miner liquidity drain kicks in. The price-in that we see beforehand creates even more volatility in the market before the actual liquidity drain event begins.
Price catapults off the low of the speculative pump and dump months after the event. Litecoin may never be this cheap ever again.
To tell you the truth at this moment I don
t have a clear picture on what will happen after Bitcoian 2020 Halvening, but anyway this post forcing me to think in this direction and of course we dont know the future but we can try to guess..The big bull run will happen months after the halvening in my opinion 🤑
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I wasn't aware of the historically weaker s2f relationship in case of LTC. I too, consider, it likely that there will be a bull run around the time of the BTC halvening. Historically, it's been after the halvening. Because the BTC price is relatively stable now dollar cost averaging is the risk-free strategy going forward for the next six months or so. There is no telling where there price will go in the short term.
In my opinion Bitcoin 2020 halvening will make the price of bitcoin go crazy. The scarcity of the amount of bitcoin in circulation makes prices go up .
@louisthomas, In my opinion if Price of Bitcoin will not going to rise then this Halvening process can become a pain for Bitcoin Miners.
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@louisthomas It is not something like halvening occurs today and the price didn't go up within that week it is a failure. What halvening does is it makes bitcoin's supply small with respect to time. So simple supply and demand rule will make it clear that it will drive the price high. Litecoin is not seen as a great store of value as of now so halvening is just a buy and sell event. But Bitcoin is seen as a store of value and hence the event will be very significant.
I believe surely, the Bitcoin as we see it to be dangling with instability at to crypto market is bouncing back with good, we hope to see this good news this year. Thank you Sir for this video!
Bitcoin is showing some steady Growth, now this "Halving" should not be a problem but can't predict, because even in earlier phase when bitcoin was new it went from $1/Bitcoin to $31/Bitcoin to again $1/Bitcoin. This was very disappointing during those days, I think this Halving will send a panic shockwave and surge the price of bitcoin to new level. I agree with @stackin comment made here.
BTC 2017 was hanging in the clouds and all of us were'n party but it drops early 2018. Currently, BTC steadily running @ a speed of 10k dollars and hopefully it will bullrun again by this coming 2020..... hopefully!