Bitcoin halving is close!

in #bitcoin5 years ago

The next big fact at the world of cryptocurrencies is Bitcoin halving and it is going to happen at 3 days.
I was wondering what about to happen next halving to the price of bitcoin and other cryptos.
Let's see what happen to the previous halvings.
The first halving was made at 28th November 2012.Then from 50 bitcoin blocks decreased to 25 bitcoin per block.
The price was stable for 6 weeks and at 8 January 2013 the price has risen from 12 dollars to 1236 dollars.Amazing increase,about 100 times up.

bandicam 2020-05-08 12-56-25-645.jpg

The second halving had the same motif.It was happened at July 2016 and decrease from 25 bitcoin per block to 12,5 bitcoin per block and then for 4 months the price was stable until November which Bitcoin price made a rally and climbs to the moon and one year later at the price of 20000 dollars.
At the second halving the increase of price was 40 times up.
The only that we have to see and to wait is if at the upcoming halving,bitcoin will have the same motif and increase its price.
Personally i believe and i am waiting to see a decrease of its price for next 6 months and at the start of 2021 will make a bull run and maybe we can see its price at 70000 dollars.About 10 times up from the price of 7000 dollars.
What do you think for the upcoming price?

This post also posted at me Hive account.

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hi @steliosfan

Good morning there. I've bumped into your account a moment ago and it's clear that we're sharing similar interests towards blockchain technology and crypto.

Perhaps you would like to check out this contest / challenge done by my good friend hardaeborla: "What is Bitcoin Halving ?".

Enjoy your weekend,
Yours, Piotr