The Bitcoin halving has taken place, what happens now?
bitcoin value after havling?
So after 210,000 blocks of waiting for this event, it happend! The bitcoin halving took place just yesterday and the amount of bitcoin a miner made is now halved, This means that if a bitcoin miner made $120 a day, they would only make $60 a day in bitcoin, however if the bitcoins value will rise becuase of a higher demand then the money made by miners would also increase (if the value of btc doubles a miner would now make $120 dollars a day agian).
what do experts say about it?
Alot of experts gave their opion on the bitcoin value after halving. They said that the recent halving could possibly sky rocket the bitcoins value like never before. Some experts say it might even reach from $5-$10k but I dont know if it will rise crazily like that. However the bitcoin value could also drop, but No one can really the exact value of 1 bitcoin in the near future... So far the bitcoin has been fluctuating but only by small amounts.
What do you think will happen next?
I would be interested in reading your opinion so make sure to comment:))
thank you for all feedback:)
bitcoin image is from https://en.wikipedia.org/wiki/Bitcoin
I think the price readjustment already occurred over the past 3-4 months when it slowly grow from 380-400 to what's currently today 600-700 range depending on daily movements. If they were mining when 380-400 was enough to cover the fees than I don't think we'll see a sudden spike in price just cause of the halving. My predictions is that by the years end we could yet again touch $1k mark and settle in the $900 for the next year to come.
Thank you for you opinion vippero, I can agree with you on that and I do really hope that we can all profit from Bitcoin :))