What happens after bitcoin is halved?
The 3rd Bitcoin halving is likely to happen tomorrow, and it is a hot topic among the crypto community about what will happen next. On crypto Twitter, numerous predictions have been made by various crypto personalities.
Although it remains to be seen what will happen, it is quite interesting to read how these people experience the Bitcoin halving 2020 and what they expect to happen next.
We reached out to some crypto content creators and traders for their predictions on how to halve Bitcoin, while keeping an eye on Twitter for other interesting ones. Here’s what people had to say about the most anticipated Bitcoin event of 2020 *.
Didi Taihuttu – “Bull run to the moon!”
The “father” of the Bitcoin family is extremely optimistic about what will happen after Bitcoin’s halving in 2020. “The deflationary aspect of BTC has made it the top-performing asset of the past decade and this 3rd halving will once again be the reduce supply of new bitcoins to the market that will increase scarcity, make BTC more valuable and therefore will be the start of the next 18 months during bull run to the moon! ”said Taihuttu.
Crypto Bitlord – “New ATH!”
The crypto personality who has more than 115,000 followers on Twitter believes Bitcoin will hit a new record. He quoted, “It’s going to pop through $ 12k and when we finally wake up, new ATH.”
CryptoMurmur – “The” beginning “of an upward trajectory for Bitcoin.”
CryptoMurmur is definitely not mumbling when it comes to Bitcoin. The team is convinced that the upcoming halving will lead to an upward performance for Bitcoin. To elaborate on their belief, “I think the upcoming halving will indeed result in the ‘beginning’ of an upward trajectory for the price of Bitcoin (and in turn the rest of the market), and one that is likely to happen faster. . and a more sustained pace than previous halves. ”
Furthermore, “I attribute this to a combination of the attractiveness of the further deflation of Bitcoin, the psychological buzz this will have on the retail side of crypto, and also the ongoing uncertainty we see within the global financial system.”
That said, they wonder if the coming halving will bring enough traditional money into crypto. Stating that we should expect bear markets in the future until they get into the cryptocurrency. I quote, “But the main question for me is, will the upcoming halving bring in enough traditional money in the crypto space? I’ve always maintained that the crypto market is pretty much a circular economy dictated by a number of whales that are very much the industry’s rat catchers; However, this just isn’t tenable without a lot of money to view Bitcoin as a viable long-term investment choice. So as always has been the case, expect future bear markets until traditionally big money comes into the mix. “
Mr. Backward – “Annoying volatility, but optimistic.”
Mr Backwards opened his prediction to us by saying he will not speak from previous experience as he bought his first Bitcoin in early 2017; so “he missed the 2nd halving that took place in 2016”.
Therefore, I cannot speak from experience, but what I do remember was the widespread confusion and doubt when Bitcoin left BCH. This was a very important event fueled by the (hidden) lack of confidence people had in Bitcoin, ”he said.
The crypto personality associated with the Twitter handle @Coin_Shark further explained, “From now on, Bitcoin is stronger than ever before. It recovered from a deep crash and adoption among financial institutions is growing day by day. The halving can cause some annoying volatility, but on a macro scale you can only label this event as ‘bullish’. ‘
“I’m pretty sure Nakamoto hasn’t hard-coded this into Bitcoin to make it weaker,” he closed his statement.
Jason Williams – “Buy the rumor, sell the news has begun for Bitcoin halving.”
The Morgan Creek Digital co-founder told his 32,000 Twitter followers to “watch out for the sales news.”
He quotes his tweet, “The” buy the rumor, sell the news “is on for the #bitcoin halving. Remember that history doesn’t always repeat, but often rhymes. So beware of selling the news. Historically #BTC is pulling back (sometimes 30% + or -) When we see that we have #BTC @ 7k. “
Armin from Bitcoin – “Strong bullish sign.”
The Canadian-based crypto influencer tweeted“In five days …” I told you the halving for the price was not an event. #bitcoin only increased $ 100 from $ 25,500 to $ 25,600. “😐.” Furthermore, it can be seen in response to one of the comments saying, “$ BTC dominance index is rising. Strong bullish sign. It is becoming less and less likely that we will dump. “
Willy Woo – “Miners will no longer be the biggest sellers of Bitcoin.”
Willy Woo, crypto futures trader, posted about the upcoming Bitcoin halving. He opened through sayingAfter this halving of 2020, miners will no longer be the biggest sellers of Bitcoin. It will be the dawn of the crypto exchange as the main seller. The biggest selling pressure on Bitcoin will soon come from exchanges selling their BTC fees collected in fiat. “
He also predicted that the price would move more sideways, creating a more strategic environment for large leverage traders. He quotes his statement“As the price moves more sideways, this creates an environment where large leverage traders have an easier time strategically liquidating the majority of traders from their positions. Like the tiered short squeeze of 4k-> 14k in 2019. Equivalent to more volatility. “
Crypto Michael – “Probably summer will be fun for altcoins.”
Crypto Michael is bullish towards the halving, but unlike the others, he’s more bullish towards the altcoins. “Once the halving of the hype is over, the money should start flowing to the altcoins. They can start catching up where the king has already left the station. Do you still remember January ’18? “he tweeted.
The Netherlands-based crypto trader went on to say, “Probably summer will be fun for altcoins. Return in the last quarter. Next batch Q1 2021. The bull run. “
MagicPoopCannon – “Don’t get too confident until the time is right.”
MagicPoopCannon warned its 31.1K Twitter followers not to gain too much confidence just yet, as the recent meeting could be a “buy the rumor, sell the news” event.
With three days and change to go to the BTC halving, I wonder if the recent rally is a ‘buy the rumor, sell the news’ event. We will see if there is a bullish continuation or a sell-off after the halving, ”he tweeted.
Furthermore, he said, “Remember, BTC still hasn’t surpassed last February’s high. So until that happens, and a higher low is formed, BTC is still in a technical downtrend. Moreover, it has been bought over, while it challenges enormous resistance. Don’t get too confident until the time is right. “
Paolo Ardoino – “It is difficult to predict what will happen in the short term after the halving.”
“I believe bitcoin halving is one of the most significant and beautiful events in the crypto industry. It has happened every 4 years since 2008 and will continue to happen until Bitcoin reaches a total supply of 21 million. Halving is also the perfect reminder of the immutability of the protocol, ”said Paolo Ardoino when asked about halving Bitcoin 2020.
He went on to say that given the current global situation, it is difficult to predict what will happen in the short term after the halving has taken place. Quoting: “While the event is of great importance to the cryptocurrency world, it is difficult to predict what will happen in the short term after that. I am extremely optimistic about Bitcoin in the long run, but we must remember that COVID-19 makes us live in a moment of global economic uncertainty. It is likely that Bitcoin and cryptocurrency prices will be affected by traditional markets in the coming months. “
Furthermore, Bitfinex’s CTO said, “In the medium / long term, Bitcoin will, in my opinion, become less and less correlated with stock and commodity markets, which turns out to be a great hedge against the government’s monetary policy.”
Which predictions come true? Time will tell. Regardless of the bearish or bullish outlook after Bitcoin’s halving, Bitfinex remains committed to providing the best trading experience for everyone. Sign Up for a Bitfinex account if you haven’t already.
* Bitfinex does not endorse predictions and opinions.