With a fifty percent reduction in block rewards coming in May 2020 for Bitcoin, some hodlers are looking for a good rise in the price. There isn't much history to look back at previous halvings, but the general patterning of this still very young market is that; yes, the price does go up. The 2012 to 2016 period included a price rise in 2013. And the 2016 to 2020 period has already had a huge spike back in 2017.
Note: both price spikes happened one year after each halving.
When supply eases, demand drives.
So stay strong, and hodl on!!
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your godamn right
Hey @kylorenjunior, according to a lot of long term hodlers and early adopters, the doubling of the price at the 2020 halving is a very conservative estimate!
Exciting times we live in.
Nice communicating with you.
All the best to you,
Phi23