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[AudraMiller]

Bitcoin halving is a very important part about maintaining the supply and flow of Bitcoin and also accounting for possible inflation factors. The reduction in the amount of Bitcoin that is being rewarded per block that is mined is essential in driving the price of Bitcoin as well. The last halving event that we saw was bitcoin's third halving event in total, however with almost 500 days after the halving, the bitcoin price seems to be quite lower in comparison to the previous two halving events. What are your thoughts on this? Some believe this could show potential moving forward. Do you agree with this?

 

[Josemendez]

This is not true , before the last halving of bitcoin , bitcoin was below $10k , today we have seen bitcoin as high as $47k. So it actually was effective

 

[LutherKing]

It helps since it reduces inflation and more or less when there will be scarcity of the coins , the price will be bound to increase shortly tbh

 

[BullyMaguire]

It gives more room to grow.. i guess that's not a bad thing. Just imagine how much it can rise now when it hits 60k from 9k. I see the halving events as good

 

[GoldenLady]

What really matters is the long term prices. It's possible other factors are the ones influencing the price at that time, not only the halving itself

 

[LutherKing]

Yes you Are right indeed it has shown promise that it can break $60k level very soon and that would be great to be honest actually in my opinion

 

[Niftyicon]

I think that it was quite effective although the price might not have surged because even at the time, bitcoin was bullish and attracting more and more investors.

 

[AudraMiller]

This is not true , before the last halving of bitcoin , bitcoin was below $10k , today we have seen bitcoin as high as $47k. So it actually was effective

The effect of the halving event in this case was quite delayed and i think that could have been largely attributed to the pandemic and the economic climate that it put the world in.

 

[Oluwaa]

I wonder what would happen when the total volume of Bitcoin created has been exhausted, will the price keep going up or will it go down to zero

 

[SCAMEXPOSER]

I wonder what would happen when the total volume of Bitcoin created has been exhausted, will the price keep going up or will it go down to zero

Nothing will happen other than it will be more expensive because the holders may not be willing to sell easily as we are seeing it already so it is better to hold certain amount of Bitcoin now for the future.

 

[Mariappa45]

I think after each halving period around BTC it simply make the value to grow very high. In the three halving periods each have taken the price high.

 

[SCAMEXPOSER]

for sure the value of bitcoin is going to increase more though it like the percentage wise after each successful having is decreasing because statistics shows that the first having Bitcoin had 5200% increase why the last one was of 538% increase.

 

[LutherKing]

Well Its Simple Scarcity , Hype And Shortage ( Artificial Or Teal ) All Creates Processless Worth For Things That Is Above Exact Value That's How People Short Things Up ( Stocks E.g )

 

[Wisdom01]

I think the hype must have fade , the news of Bitcoin halving have been happening and you can't expect it to keep on infulencing the price of bitcoin there is always a change

 

[LutherKing]

Well Yes , You Can't Say Anything Regarding The Nature And Behaviour Of Bitcoin To Be Honest As It Is Always Fluctuating In Value Tbh ...

 

[Wisdom01]

Well Yes , You Can't Say Anything Regarding The Nature And Behaviour Of Bitcoin To Be Honest As It Is Always Fluctuating In Value Tbh ...

That's how it was made ,I think without the flunctuation aspect of Bitcoin , some people might not even bother to invest in Bitcoin to earn more

 

[LutherKing]

Well , Yes Investing When It Is The Right Time Is Very important to be honest either can you go long term or can use the short term strategy ...dips and buy

 

[AudraMiller]

I think the hype must have fade , the news of Bitcoin halving have been happening and you can't expect it to keep on infulencing the price of bitcoin there is always a change

Yes i do agree, however i think that bitcoin halving is one of the major factors that increases the price of the bitcoin crypto and as a result a lot of the other altcoins as well see a rise.

 

[Wisdom01]

Yes i do agree, however i think that bitcoin halving is one of the major factors that increases the price of the bitcoin crypto and as a result a lot of the other altcoins as well see a rise.

Its part of the factor , because it reminds people of how they should buy and store more Bitcoin ahead of more price increase in the future I think

 

[AudraMiller]

Its part of the factor , because it reminds people of how they should buy and store more Bitcoin ahead of more price increase in the future I think

I agree. To be honest, if you had bitcoin just two years ago, an dlook at where the price is now you would be raking in a massive profit just from holding and not trading at all.