The effect of Bitcoin halving on it's price ??

[Braga13]

bitcoin halving (sometimes referred to as “halvening”) involves dividing the bonus for mining new blocks in half, which means that miners receive 50% less bitcoin to verify transactions.
This process occurs every four years. This causes an increase in its price. Do you think that its price will continue to rise in the coming years, even if the epidemic situation worsens?
Ur opinions plz ...

 

[Sincerem]

I strongly believe that Bitcoin will reach its $20,000 mark as expected of it to reach. They've made mention of its having, with all this said things circling around Bitcoin, it means the price is expected to rise once more or more than once.

 

[Niftyyem]

The next bitcoin halving is in a few years and we can observe bitcoin increase in price regardless of that. I feel that halving may contibute to its price but not necessarily the sole factor.

 

[greenie]

I think it will grow in the coming years and it is a good investment method because it is very popular and many people invest in it.

 

[Lyrrex]

Possibly, the price of bitcoin will continue to rise regardless of the present pandemic if it persists in coming years because the demand for bitcoin is increasing on daily basis.

 

[ahmedo24]

Bitcoin having will have massive effect if the blocks generated has reached 210,000 blocks this will lead to a massive fall in the value. Recently Mining bitcoin has become really hard and very few people are into it.

If mining has been very difficult probably due to decrease in the number of bitcoin mining reward per block, it is likely that subsequent Halving will make the value of bitcoin to go much higher.than nowm

 

[ahmedo24]

Yeah you understand. Plus the cost of production is significantly high now making the process a really difficult one

Population??? I don't think population has a role here or probably you wanted saying the number of miners in bitcoin mining at the moment is high

 

[Sake]

The less of supply and a higher demand not to mention that the bug percentage of Bitcoins are owned my whales and billionaires/millionaires, the price will surely rise greatly as the years go by until the last piece is mined.

 

[Kayzzy3]

bitcoin halving (sometimes referred to as “halvening”) involves dividing the bonus for mining new blocks in half, which means that miners receive 50% less bitcoin to verify transactions.
This process occurs every four years. This causes an increase in its price. Do you think that its price will continue to rise in the coming years, even if the epidemic situation worsens?
Ur opinions plz ...

If the price of Bitcoin halves, it will spell doom for many investors in Bitcoin blockchain.
As it were, millions of dollars will be lost in people's investment and many will not want to invest further in crypto currencies.
But if it happens Tron and Doge may improve in performance.

 

[Nomad]

Bitcoin halving will take place in April 2024. If you look at the bitcoin price history, you will see that Bitcoin price has gone up after a year of the halving event. Therefore, you might expect Bitcoin to shoot up really high in 2025.

 

[deucher]

It is guaranteed that the price will rise, because when the demand even remains the same, but the supply decreases, the price will rise, and this is exactly what happens after the halving, when the number of tokens is limited. However, not all bitcoins will be put into circulation soon, and according to experts' estimates, we have more than 10 years

 

[Riberet19]

The halving has more effect than the price, miners for example receive fewer Bitcoins, as Bitcoin is not as scalable this means that no more transactions are being made on the chain and miners need the same income as before the halving, if the price does not double, the fees will double, so the halving can drastically increase the fees, as we saw a few days ago.