The year is almost over, and that is why there are a lot of review in 2019. We don’t, we have to look ahead to the year 2020. The following year, the bitcoin block halving schedule, and this can have a big impact on the price of bitcoin. The bitcoin block halving that is, the fixed component of the remuneration to miners is halved. This is a reward, it is at the same time, the influx of new bitcoin to the market. The reduction has an impact on the supply of new bitcoin, and, therefore, on the price.
We will see you next year with a big rise in share price, to meet? According to Alistair Milne, we can, by 2020, five things to expect. Milne is Chief Information Officer at investment company Altana is Digital.
In the next few months will be very interesting
In a tweet, to let Milne know what to expect from the bitcoinmarkt over the next four to five months. This indicates that he is on the run-up to the bitcoin block halving, which will be in may of next year, will take place.
Things I expect to happen over the next 4-5 months due to the impending Bitcoin halving:
– BTC of shorts close out
– People to re-accumulate BTC, but if they had been sold
– Miners will start to hoard (i.e. borrow USD against assets)
Under-performing altcoins sold for BTC
– There liver up
— Alistair Milne (@alistairmilne) on December 16, 2019
1. The investors to close their short positions
If you go to short, then it is a bet on a decline in the price of bitcoin. There were a lot of trunks, then expect a lot of traders are that the price continues to drop. Milne is expected that the number of traders in the next few months are going to decrease.
2. People go on bitcoin accumulate
In addition, it thinks about Milne is that the investors in the next few months, bitcoin is going to accumulate. That is, it is too difficult a term for the purchase of bitcoin. Whether it’s replenishing your stock of bitcoins. For the past six years, there was also a lot of bitcoin to sell, but Milne is expected, therefore, that there will be more sold in the first nine months of the year 2020.
3. Miners are going to have dollars bijlenen
The role of the miners is also interesting. What are they going to do? Milne thinks that the miners in the next few months are going to save. In a tweet, he is not what he meant exactly. Possible to sell the miners for their bitcoin not because they think the price is going to increase due to the halvening. They will dump their bitcoins from the market, and borrow, perhaps even dollars, in order to maintain the energy of the mine is to be able to cover.
4. Altcoins can be traded for bitcoins
Milne is also envisioned that the poor performance of altcoins in the next few months will be traded for bitcoin. And, that it may be beneficial for the price of a single bitcoin. At this time, circulation of nearly 180 billion u.s. dollars in the cryptomarkt. Over 121 billion dollars of which is bitcoin, and the rest of altcoins. Milne expects to make more money from altcoins to a bitcoin flow.
5. ‘The Bulls’ to come back
Finally, it is expected that the CIO of Altana Digital is that it’s good to go back to the market. With the bulls are optimistic investors who believe that stock price appreciation. These investors are daring to be in 2020, it is again long to go on the bitcoin share price.
At this point, seem to be the fountain of youth-namely, the upper hand, you have to have. That is, are investors who are more pessimistic and think that the price is going to fall further.
What do you think, in the run-up to the bitcoin block halving to happen?