Halving History Suggests Bitcoin’s Price Is Heading for $11,210
Bitcoin’s relative nascence makes its future price perhaps difficult to predict. There objectively is not as much data in the Bitcoin market as there is, say, in the gold market. Yet, there are numerous indicators which lend key insights into bitcoin’s price trends, and one often overlooked is the recurring halving. We’ve seen Bitcoin reach a previous....
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As the Bitcoin’s halving approaches, many are wondering whether it will double Bitcoin’s price to compensate for the halved supply, or will lead to a downward spiral and a depressed price due to the growth of confirmation delays. On July 11th, only two months away, supply halves. Prices should increase, assuming demand remains constant, with many Bitcoiners hoping that the halving will trigger a fourth moon bubble comparable to the stratospheric rise in 2011, Spring 2013 and November 2013. Some argue, however, that this time it may be different because for the first time in its history....
The approaching halving of Bitcoin’s block reward is the subject of much optimism among Bitcoin enthusiasts and price speculators. Hardcore believers, uncaring about its exchange rate, look forward to the “halvening” as a milestone in Bitcoin’s history. Each block reward halving represents a triumph for Bitcoin, for they signify that Bitcoin has remained relevant enough for mining to continue. Speculators, on the other hand, look to the halving as a source of hope. Since the block reward will be cut in half, supply will not grow as rapidly. This fact leads many to believe that the Bitcoin....
Bitcoin's block reward halved for the second time last week, from 25 to 12.5 bitcoins. The event, commonly referred to as “the halving” (or sometimes: “the halvening”), was a key moment in Bitcoin's history. Such halvings are scheduled to occur once in about every four years, and they ensure that no more than 21 million bitcoins will ever be in circulation. Unsurprisingly, the halving was highly anticipated, and predictions on how the event would impact the Bitcoin ecosystem abounded. One week since the second halving, this is the aftermath. Price. Perhaps the most debated issue leading up....
Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins per block. The video also explains that the halving process happens every four years for both Litecoin and Bitcoin, as dictated by their respective protocols.....
The day of the halving is here and the event is certain to influence the price of bitcoin at a time when the value of the cryptocurrency has spiked nearly 50% since the turn of the year. It is the day of the second halving event in bitcoin’s history, one which will see miners’ block rewards halve from 25 to 12.5 bitcoins. Industry executives weighed in to have their say on the halving event. Sheffield Clark, CEO of Bitcoin ATM network Coinsource is bullish on the immediate price effects induced by the halving. I believe it will definitely lead to some spurts of volatility with the....