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Bitcoin Halving Pump Or Dump?

Don't compare Bitcoin halvings ...

You shouldn’t compare Bitcoin halvings and Bitcoin Cash, says cryptanalyst
CONTENT

  • Both cryptosystems are essentially different

  • Modeling the consequences of Bitcoin halving is still not worth it

  • Uncertainty in the cryptocurrency community is growing exponentially

International consortium of news organizations developing transparency standards.

Despite the fact that such bitcoin forks as Bitcoin Cash and Bitcoin SV were still able to “survive” halvings, it is still not worth relying on their experience.

Don't compare Bitcoin halvings ...

Halving Bitcoin halving cuts the number of new coins created and earned by miners in half. This happens about every four years and … More the largest cryptocurrency by capitalization Bitcoin (BTC) can expect an unexpected outcome.

The halving of BTC is fundamentally different than that of BCH in that BTC is the embodiment of digital scarcity and BCH represents free money created on the back of bitcoin.

So I view the two events as diametrically different from a tokenomics perspective. https://t.co/luozbAZzS8

– Mati Greenspan (tweets ≠ financial advice) (@MatiGreenspan) April 13, 2020

Therefore, according to eToro senior analyst Mati Greenspan, there is no need to draw parallels between BTC halvings and BCH / BSV..

“Halving BTC is fundamentally different from BCH in that BTC is the embodiment of digital scarcity, and BCH is free money created on the basis of bitcoin,” Greenspan wrote on his page..

Alone in the dark

Don't compare Bitcoin halvings ...

Based on this difference, a senior analyst at eToro views Bitcoin halving as diametrically different from a tokenomics perspective..

Earlier, when Bitcoin Cash (BCH) and Bitcoin SV (BSV) went through halving, their price almost did not change, if we do not take into account the market collapse a few days later, provoked by the Bitcoin drawdown from ~ $ 7500 to ~ $ 6515.

The inability to even closely simulate the consequences of the May halving of bitcoin led to the division of the cryptocurrency community into two camps.

The unpredictability of the situation

Some believe that halving will become a growth catalyst for the largest cryptocurrency (while some believe that it will not be momentary, but will take 6-9 months).

Even BTC will not pump immediately in the next 6-9 months due to current economic conditions. Once scarcity sets in the supply demand shock in 1 year you can see price appreciation.

– DeepBlueCrypto (@DeepBlueCrypto) April 13, 2020

Others are confident that reducing the reward to miners, who have been at a disadvantage since March, will lead to their outflow, and this, in turn, will be reflected in the form of a collapse in the price of bitcoin..

There are also suggestions that Bitcoin will still have time to collapse to values ​​of $ 3000 at least once (and some believe that even up to $ 1200).

At the time of this writing, the BTC / USD rate has settled at $ 6764.

Don't compare Bitcoin halvings ...

Earlier we wrote that due to halving, the blockchain network of the largest bitcoin fork in terms of capitalization, Bitcoin Cash, was at risk of a 51% attack..

The cost of a one-hour attack is now $ 7,517. The day before the halving, the same attack would have cost $ 22k.

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