36 Hours Toward Reward halving Second, precisely Bitcoin Price Down

Reward Bitcoin halving the countdown continues to run . Stay one more day and a half ahead of the second halving reward throughout history, bitcoin prices are expected to rise even showed a downward trend. Coinbase prices in the chart showed a significant reduction of more than Rp 100 thousand or 1.3% in just 24 hours. In fact, bitcoin prices have fallen as much as Rp 400 thousand, or nearly 5% in the past week.

Although some analysts say that within a few weeks after the reward halving the price of bitcoin will rise sharply , market participants actually take off their bitcoin. Bitcoin prices are purely determined by market supply and demand mechanism, determine their own bitcoin prices they want. On this decline, Vinny Lingham stated that price volatility will occur after halving reward for their profit-taking. He predicts the decrease in price up to $ 400- $ 500. The decline is thought to be affected by the economic situation and other technical conditions.

Rik Willard of Agentic Group LLC also said the same thing. According to him, reward halving will have the same effect on the action of the stock split , in which in the short term the price will decline, but after a point, the stock price will rise. This is due to halving reward will give the effect of devaluation (increased prices) bitcoin on the market.

Arthur Hayes, CEO BitMEX, saying different things. According to him, the price of bitcoin will not be much affected by halving reward. Reward halving this will be an impact on the bitcoin miners, where profits they receive should be cut by half. Many miners probably will think twice to continue their operations on the reduced profit.

Erik Voorhes, CEO Shapeshift.io , says that the impact of halving reward depends on the characteristics of the bitcoin community . If the entire bitcoin created in one day (3,600 BTC) sold on the market, then this condition will be affected by halving reward. But if in fact the new bitcoin being created every day only a small portion is sold in the market, then this condition will not be much affected by halving reward.