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RE: Countdown to the BTC HALVING 2020
Nice article. Thanks for sharing.
The deflationary effect of halving is important as with less supply of Bitcoin flowing into exchanges from the miners, the obvious impact will be upwards pressure on price. Speculation will also drive the price higher.
Last time in 2017, when FOMO kicked in and the price went parabolic, we had a much lower starting point. So there is a real possibility of new ATH this time around.
However, nothing is certain. World events may impact Bitcoin price in unimaginable ways.
Solid comment @awah
Personally I don't think 2017 can be repeated any more. I wonder why people still put so much hopes into this halving.
What I think as a community we need to concentrate on are usability and utility. If cryptocurrency is not easy to use and has value in being used, then the masses won't come on board. At the moment, the cryptocurrency community excitedly talk to other cryptocurrency community members about how great cryptocurrency is (sounds likes an extract from the Simpsons). We are just convincing ourselves about how great the technology is but really we need to be pushing wider adoption. That is what will drive price in a sustainable way rather than speculation around halving.
Thx for this prompt reply. I'm glad to see how responsive you are @awah
Cheers ,Piotr
Hello my dear @awah, thanks for your valuable comment.
Correct, there are many things at this time that are only speculations, we must take into account that the conditions are not the same as the previous halving ones and although it does not look like the coronavirus is having effects on the world economy, I am not sure if it will also affect cryptography .
Coronavirus is obviously a big unknown for all of us. It could drive better adoption if it is seen as a safe bet over failing government-backed fiat. However, to me that is secondary. We all need to stay safe, make sure everyone stays informed and look after those in our communities.