The halving is purely psychological and historically has not doubled the price of Bitcoin. If the price does not crash then this will be the first time it has doubled it's value due to "block reward halving". I'm not certain there is a valid clarification, it's simply the market "deciding". 

There is so much misinformation and misinterpretation in the Bitcoin ecosystem that it is amazing. The halving is just one of those events that draws attention and misinterpretation is bound to happen. I've seen articles about 'everything being in the hands of the miners' and other nonsense as such. I've also seen a lot of 'doomsday' scenarios regarding the halving & the hashrate in addition to some 'fee event'. It becomes increasingly difficult to find correct information and thus almost everything should be taken with a grain of salt.

That is only 'logical' and normal. It takes time for the market to feel the effects of a reduced supply.

Well in the end we bitcoin users will still be affected to every event happening in this industry. Now for me it would varies on your decision making if you are still going to hold on and wait for that boom or taking up a risk on spending your bitcoin in return of aiming a profit

It is true that mostly, the value of bitcoin would rely on the supply and demand. The fact is that the demand is stable and the supply would be halved, which is why there is somewhat an expected doubling in value. Although, what's misinterpreted is that the value doubling would happen on the exact day of the halving.

I do not really get the point. The halving is limiting the creation of new Bitcoins and thus, the supply will be cut. Demand however, stays the same and increases steadily. Therefore, a price increase in the next time will certainly be caused by the halving. Probably, also by other factors but one main factor is definetely the halving.

If spending stayed the same after the halfing as in people are buying the same amount of bitcoins daily as they where before the halving then it's only logical that price will have to go up as new coins are needed.

The price did go up about how it was expected to, from a $300 baseline the miners could live off of to a $600 baseline that the miners have adjusted to. I'm not sure who would have messed this kind of stuff up, but it seems pretty obvious from a basic perspective with a bit of an economic look at the halving and knowledge of the value history.

sorry, but you are contradicting yourself....


if the halving is, technically, reducing supply by half then the price should double.

yeah i agree. in fact i made a topic about this yesterday in the speculation board. but the thing about bitcoin price is that it is not only controlled by "supply and demand" as you may expect in a normal market. bitcoin price is also affected by hype. just like halving that cause a bigger rise than it should have happened before halving.

are you sure, i always thought the illegal drug market was around the time price went up to $1000 not in 2012!
anyways you can always argue about the reasons why price went up and the argument is going to take forever without any conclusion. i am simply pointing out what happened because that newbie above my comment said "historically has not doubled" which was wrong information.