On April 22, the "Bitcoin Halving New Start - Teamfight Tactics" AMA event held on Twitter by Binance, Cobo, Nodelab and Contentos focused on the discussion of the impact of Bitcoin halving on its value and market. Through a series of debates and roundtable discussions, industry OGs shared their views on how halving affects Bitcoin's scarcity, market diversity and its technological development. The event aims to raise public awareness of the future trends of cryptocurrency and promote in-depth discussion and understanding of industry dynamics.
Debate 1: Will Bitcoin halving increase the scarcity and value of Bitcoin?
Proponent: Bitcoin halving can directly increase the scarcity of Bitcoin by reducing its supply, thereby increasing its value.
• Uncle Ai is a good brother:
￮ Believes that halving can directly increase the scarcity of Bitcoin, thereby increasing its value.
￮ Emphasizing that halving is an important event in the Bitcoin economic cycle will help enhance Bitcoin’s market position.
• SweetY Pear Must Win:
￮ Optimistic about the positive impact of halving on Bitcoin scarcity.
￮ Believes that halving is a necessary mechanism for adjusting the supply of Bitcoin, which helps to keep its value stable.
• 0xAA：
￮ Believes that the cost of Bitcoin miners will increase after halving, which will push up its market price.
￮ Long-term bullish on the growth of Bitcoin’s value, as halving helps maintain supply expectations.
Counterpoint: The value of Bitcoin does not depend solely on its scarcity, and halving may not have a long-term positive impact on value.
• Ava Wen：
￮ Questioning the view that halving will have a long-term positive impact on the value of Bitcoin.
￮ Pointed out that market demand for Bitcoin and global economic factors have a greater impact on its price.
A. From:
￮ believes that the halving has not significantly increased the scarcity of Bitcoin.
￮ Emphasize that price fluctuations are more affected by market sentiment and macroeconomics.
Debate 2: Will the Bitcoin halving lead to less diversification in the cryptocurrency market?
Proponent: The rise in Bitcoin prices after the halving may attract a large amount of funds to flow into Bitcoin, which may inhibit investors' willingness to explore other cryptocurrencies and reduce market diversity.
• 0xLoki: It is believed that halving will cause more funds to concentrate on Bitcoin, resulting in more concentrated market investment, which is not conducive to the development and innovation of other cryptocurrencies.
• 0xWendy: We are optimistic about the market attention brought by the halving and believe that it will enhance the status of Bitcoin as a financial asset and attract more institutional investors.
• 0xLige: focuses on technological development and believes that halving is a driving force for Bitcoin and related technologies, such as second-layer solutions, which will help the growth of the entire ecosystem.
Counterpoint: Bitcoin halving and subsequent market performance may enhance the public and investors’ awareness and confidence in cryptocurrency as a whole, which can stimulate more innovation and the launch of new projects, further enriching the cryptocurrency ecosystem.
• Feng Wuxiang: We believe that halving can actually increase market diversity because the price fluctuations and market attention it triggers will stimulate new investments and innovations.
• Diving Observer: Emphasizes the power of natural market development, arguing that any short-term concentration caused by the halving will eventually be balanced by market diversification through the emergence of new projects and technologies.
• Brother Australia Lion: Pointed out that although halving may lead to capital concentration in the short term, in the long run it will promote the development of encryption technology and new currencies, thereby increasing market diversity.
• Ryanchow_DeFi: believes that halving is a natural phenomenon of market development, and its impact will be self-corrected through new technologies and market adjustments, ultimately promoting market diversification and maturity.
Debate 3: Can Layer 2 technology become the key driving force for the large-scale application of Bitcoin?
Pro: Layer 2 technology makes Bitcoin more practical by providing faster transactions and lower fees, and is key to Bitcoin’s mainstream adoption.
• Haotian: Emphasized the importance of the second-layer technology, believing that it is the key to achieving widespread application of Bitcoin and can effectively solve the expansion problem of the Bitcoin network.
• Nimble Network: believes that through the second-layer technology, Bitcoin can achieve higher transaction efficiency and lower fees, which is crucial for the popularization and acceptance of Bitcoin.
Counterpoint: Although layer-2 technology offers certain advantages, the complex technical details and additional security considerations may hinder adoption by ordinary users, thereby limiting its impact on mainstream adoption of Bitcoin.
• Director Zhao of Jude: He has reservations about Layer 2 technologies, believing that these technologies may increase the complexity of the network and may have limited acceptance among ordinary users.
• Rui: I am concerned about the security issues that may arise from the Layer 2 solution and believe that Layer 2 technology will be difficult to promote on a large scale before these issues are fully resolved.
• Crypto Monkey: Questions whether the second-layer technology can actually solve all the problems facing Bitcoin, and believes that more research should be done on the practical applications and barriers to popularization of these technologies.
Roundtable Q1: I would like to ask everyone what do you think about the halving before it happens? Are there any special operations in response?
DiscusFiah:
• Viewpoint: Bitcoin halving usually kicks off the market and generates positive gains in history. Halving acts as a psychological anchor for the market, making investors tend to build positions before and after halving, thereby driving market demand and price increases.
• Operational suggestions: It is recommended to observe the market performance before and after the halving to capture possible industry cycle dividends. It is recommended to conduct asset allocation before and after the halving and use market psychological expectations as the basis for investment.
Bman:
• Viewpoint: Halving has formed a reflexive expectation in the market, that is, market expectations themselves in turn shape market behavior. The four-year cycle has become a market habit.
• Operational suggestions: Investors are advised to take advantage of this cyclical market expectation and make long-term asset allocation.
Our BTC:
• Opinion: The halving will have a small impact on the market, because the current daily transaction volume in the market is large enough, and a change in the daily output of 450 Bitcoins will not have a significant impact on the market.
• Operational advice: Stay on the sidelines during the halving period and adjust investment strategies in a timely manner according to market changes.
Phyrex:
• Viewpoint: Halving will help increase market liquidity, especially during major events such as the US election. The increased liquidity in global financial markets will have a positive impact on Bitcoin prices.
• Operational suggestions: It is recommended to pay attention to the development of major global events during the halving period and use the increased market liquidity to find investment opportunities.
Crypto Squirtle/Clever Johnny:
• Viewpoint: Market trends before halving usually affect market confidence and price volatility.
• Operational suggestions: It is recommended to pay attention to market trends before the halving and buy or sell at the right time, especially looking for opportunities when the market fluctuates.
Jimmy:
• Viewpoint: The impact of halving on supply is decreasing because the total amount of Bitcoin is already very large and the impact of halving on supply is gradually decreasing.
• Operational suggestions: It is recommended to use historical data to analyze market behavior during the halving period and avoid using excessive leverage during periods of high volatility.
Roundtable Q2: Many people believe that Bitcoin halving is actually a disruption to the global financial system. Do you agree with this view?
Crypto Squirtle/Clever Johnny:
• Viewpoint: Bitcoin halving poses certain challenges to the global financial system, especially to the independence of monetary policy and the complexity of financial supervision.
• As a non-government controlled currency, Bitcoin may play a more important role in the global financial crisis. The halving promotes innovation in financial technology, especially in blockchain and encryption technology.
Jimmy:
• Viewpoint: Bitcoin halving will not disrupt the global financial system, but it will prompt the financial system to adapt to emerging technologies, especially in terms of financial decentralization.
• Discussed how Bitcoin and other cryptocurrencies can bring new growth opportunities and risk management tools to global financial markets.
Phyrex:
• Viewpoint: Bitcoin halving is a challenge to the traditional financial system rather than a disruption, and it highlights the feasibility of decentralized and algorithmic monetary policy.
• Believes that the Bitcoin halving demonstrates a way to generate and manage currency independent of governments and central banks.
Bman:
• Viewpoint: We do not agree that Bitcoin halving will disrupt the global financial system, but rather believe that it provides a new financial tool and asset class.
• Emphasize that the Bitcoin halving raises awareness among market participants about financial freedom and control over their assets.
Our BTC:
• Viewpoint: Bitcoin halving will have limited direct impact on the global financial system, but in the long run it may change people’s reliance on traditional monetary and financial policies.
• Discusses how the Bitcoin halving may prompt a rethinking of traditional approaches to monetary policy and inflation management.
DiscusFish:
• Viewpoint: Bitcoin halving is not a disruption to the global financial system, but a boost to innovation. By reducing the new supply of Bitcoin, halving helps increase the scarcity of Bitcoin, thereby enhancing its status as "digital gold."
• For the global financial system: It is believed that the Bitcoin halving and the development of the entire cryptocurrency industry provide new asset classes, introduce more diversified investment opportunities, and provide new options for global investors, especially in terms of safe-haven assets.
Roundtable Q3: What predictions will you make about the trend of BTC after the halving? Which tracks or projects will you focus on and why? As an industry OG, I would like to ask you to share your personal insights since you started working and any personal suggestions for young people who are new to the industry?
DiscusFish:
• Trend forecast: Bitcoin is expected to experience a long-term trend of rising value, especially after the halving event, the market demand for Bitcoin will continue to increase.
• Focus on track: We are particularly optimistic about the development of blockchain infrastructure and decentralized finance (DeFi) because these areas best reflect the innovation of Bitcoin and blockchain technology.
• Insights and suggestions from the industry: Emphasizing continuous learning and sensitivity to market trends are the keys to success in the crypto industry. It is recommended that new entrants should focus on technical learning and market analysis and maintain a long-term investment perspective.
Our BTC:
• Trend forecast: It is believed that the price of Bitcoin may fluctuate in the short term after halving, but it is still optimistic in the long term.
• Focus on track: We are optimistic about the integration of cryptocurrencies into the mainstream financial system and pay attention to projects that combine with traditional finance.
• Personal advice: Newcomers are advised to pay close attention to industry development trends and constantly adjust their investment strategies.
Bman:
• Trend forecast: Bitcoin halving will increase its scarcity and help increase its value.
• Focus on the track: focus on blockchain technology projects that can improve transaction efficiency and reduce costs.
• Personal advice: We advocate risk management and recommend newcomers to adopt a diversified investment strategy.
Phyrex:
• Trend forecast: The Bitcoin market is expected to mature further and price volatility may decrease.
• Focus on the track: We are optimistic about the application of cryptocurrencies in the global payment system and expect more innovative projects to emerge.
• Personal advice: Emphasize the importance of basic knowledge and market understanding, and recommend that newcomers start practice with small-scale investments.
Jimmy:
• Trend forecast: After the halving, Bitcoin is expected to face greater buying demand, thereby driving up prices.
• Focus on the track: We are optimistic about projects that are committed to improving the scalability and usability of blockchain.
• Personal advice: Newcomers are advised to be cautious and invest in projects that have potential but have been proven by the market.
Crypto Squirtle/Clever Johnny:
• Trend forecast: We are optimistic about Bitcoin’s long-term growth potential, especially after the halving.
• Focus on track: Pay attention to the field of DeFi and cross-chain technology, as they are expected to revolutionize traditional financial services.
• Personal advice: Encourage new entrants to delve into the technical details and understand the underlying principles of cryptocurrencies.
rick awsb（$people，$people）：
• Trend forecast: Halving is a positive factor for Bitcoin’s long-term rise.
• Focus on track: Focus on blockchain projects whose security and compliance can be recognized by the market.
• Personal advice: It is recommended that newcomers understand the basics of blockchain technology and pay attention to the long-term development trends of the market.
