Will Bitcoin Price Double as Halving Date Looms Closer – Our Countdown Clock is on (now 2 clocks)
(Today 2020) Well, I wrote the following article over a year ago, mid March of 2019, and my numbers were mostly spot on. For the month of April 2019, Bitcoin’s price averaged $4,836.79. Here just 4 days from the halving bitcoin is at $9,433.16 according to Coin Market Cap, and almost exact doubling in price from one year ago despite it’s large dip to the $3,000’s just weeks later in May of 2019.
The top countdown clock counts down to the actual halving at the 210k block late May 11, early May 12th. The bottom clock was my year-out prediction of a price doubling as we approached the halving with a peak price just 3-5 days prior to halving. I’d say it’s right on the money. Now let’s see if my prediction of a slight correction comes as non-Hodlers sell off near $10k and BTC price stagnates for 8 months as it did after the previous halving just before it ran up new bull market highs straight through 2017.
Who’s gonna call me out, correct me or give me that “Atta-Boy, Nelson” down below? shhhh, I predict no one. We have a damned pandemic on or hands and minds. Best of luck and love to you all, friends. These are strange times indeed. – I”m out. – Nelson
Original article of March 2019.
Our Bitcoin halving countdown clock is on and counting backwards to May 7, 2020, the date I predict the price of Bitcoin will be doubled it’s current $4,800 average and just 4-5 days prior to the point when the blockchain will reach the next halving. I predict $BTC will be more than double its year previous price per coin at that point and if similar to the previous halving in 2016 the price will correct by 15%+/- for the following months. [Share our clock or copy our code and embed it yourself]
Athens, Georgia. Nelson Wells is an investor, Co-founder, CEO, and Blockchain “Futurist”
If you’d like to see the countdown clock from respected exchange company, Binance, you may do so here, https://www.binance.vision/halving. Binance predicts the having will occur 3 days later than my prediction on May 10, 2020.
Atlanta Digital Currency Fund’s chief investment officer, Alistair Milne, has said that the block reward halving of Bitcoin could push the price of the dominant cryptocurrency to massive gains in the next 12 months, or any 12 month period leading up to the halving.
Do YOU believe Milne’s claim and basis? If so tell me why, and if not, let’s hear it. Personally, I believe the greatest gains to Bitcoin’s value will come in the 12-24 months AFTER the halvening event. By the way, what this date represents simply is the day the “reward” for mining one full block of Bitcoin on the blockchain will drop from 12 BTC to 6.5 BTC per block which miners get to keep for creating that block. This is how miners create “income” by running their very expensive computers 24-7 and racking up the electricity bills that go along with such “hash power.”
The halving occurs each time Bitcoin’s block height reaches 210,000 blocks, or approximately every 4 years. See the chart below from Binance for an outline of when havings occur and what rewards change to.
According to an article in CCN Friday March 8, 2019 titled, “Bitcoin’s Impending ‘Halving’ Could Spark Meteoric Price Boom,” the impending ‘halving’ could lead to these massive gains.
Bitcoin’s May 2020 halving could lead to a meteoric price boom for the flagship cryptocurrency. | Source: REUTERS / Dado Ruvic / Illustration / File Photo
Bitcoin’s Impending ‘Halving’ Could Spark Meteoric Price Boom
A block reward “halving” in Bitcoin is referred to as the mechanism that decreases the amount of Bitcoin generated by miners after mining a block.
On the Bitcoin network, the blockchain, miners solve complex cryptographic problems using computing power to process transactions, which are then placed in blocks to form a blockchain.
To compensate miners, every block generates a fixed number of Bitcoin to “pay” the miners for serving the community and running the nodes which create the blocks, and this “mine” the cryptocurrency “coin.”
The block reward, or fee to miners, of the Bitcoin network decreases by half for every 210,000 Bitcoin mined. Traditionally, a block reward halving like this has led the price of Bitcoin to rally because it reduces the rate in which new BTC is produced.
As Bitcoin nears its fixed 21 million supply, the scarcity of the digital asset increases, which boosts the price and the demand from the market.
Historically, the Bitcoin price has tended to move a year before the block reward halving. While a few analysts claim that the halving is already priced in, the numbers show that it gradually gets priced over time, and even accelerates, as the cryptocurrency approaches its halving date.
See the related article by cryptocurrency author Joseph Young of Bitcoin Analysis, Bitcoin Price News at CCN.com
Meanwhile, leave me your comments and thoughts on where (and why) you think Bitcoin, Litecoin, Ethereum and other cryptocurrencies are headed into 2020 and beyond.
The Nelson Wells House, Athens Georgia
“Nelson is an impeccable host!” – Sherri, Nov 2019
NEW UPDATE 2020: Our home has just been nominated as one of the first AirBnB *Verified Home* Listings in Athens! The Nelson Wells House is an ideal modern build in classic cottage style just 3-blocks to downtown Athens, Georgia. I’m Nelson Wells, entertainment industry publicist, and I designed and built this cozy little home just steps to UGA, downtown and the stadium. 16-foot ceilings welcome you to a large open-format living-dining area with all stainless steel, slate fireplace & backsplash, hardwoods, custom cabinetry, and lots of sunlight. It’s a comfy cottage that easily sleeps 6 and 7 or 8 with little ones. Safety, privacy & discretion are #1 here.
We are proud and excited to share that our home has been nominated to be a part of “AirBnB Verified” launching this year. (Anyone thinking UGA bulldogs football? – Let’s hope so). “Safety, Discretion, & Attention to Detail” are all top priority which is what garnered the nomination. With the current Covid19 situation we’ve worked hard to offer not just a cut above the rest but the absolute best vacation rental Athens has to offer. We bring in the best cleaning crews who have been thoroughly vetted for professionalism and disinfecting know-how. We leave our guests with only the best cleaning products for their own use; products like Mrs. Meyers Clean Day in every room as well as disinfectants. And with a background in the entertainment industry with a nod to those seeking privacy, we are host to discerning guests some of whom are members of SAG or worldwide touring acts.
The Nelson Wells House is a Downtown Athens Cottage near the University of Georgia (UGA) in Athens, Georgia. This is our home, and it’s also a vacation rental house designed by me, Nelson Wells, publicist, promoter and co-founder at Team Clermont, indie music PR firm and talent house. I’m also co-founder of two of the cutest identical twin girls this side of the Mississippi.
Below are the details of our little home we rent out for UGA football games, weddings, and more. We typically rent directly through AirBnB, however it is possible to rent and contract our home directly through us.
An exquisite home in a quaint “cottage” footprint in Athens, Georgia designed for comfort and efficiency, this 3 bedroom home sleeps 6-7 comfortably and is only blocks from UGA, the University of Georgia bulldogs’ (the “bulldawgs” as they’re known locally) Stanford football stadium and just a 3-minute walk to 4-star and 5-star restaurants, unique bars, pubs, and coffee shops on the western edge of downtown Athens. As you enter the front door, our home welcomes you with 16-foot ceilings, hardwood floors, stainless appliances, and black granite surface tops. Slate stone surrounds the gas log fireplace and covers the backsplash.
Rental Rate: We have specials regularly & rates change; See our page on AirBnB.com.
This is a recently-built modern Dwell-style 3-bedroom 3-bath custom-designed home in the shell of a quaint Craftsman cottage, fairly unique to downtown Athens. We are just a block or two from nationally ranked and James Beard-awarded restaurants (The National, Seabear Oyster Bar, Last Resort Grill, 5 & 10 and more), cafes, oyster bars, nightclubs, the UGA campus & all of downtown. Built in 2007, updates were completed in 2012. More updating has taken place in 2018.
You can expect the very best of in-town convenience with fine attention to detail. As you can see this home is designed with an eye for modern and minimalist detail yet with cozy bedrooms and living areas and also in a quaint Historic neighborhood just steps away from downtown Athens (literally 3 blocks walk) & the campus of The University of Georgia (UGA), as well as the Medical School Of Georgia on Prince Avenue just down the street.
Seven high-quality restaurants are within a 1 to 2 block walk. Three coffee shops and two coffee roasters are within a 2-3 block walk including Jittery Joe’s Coffee Roasters, The National, Seabear Oyster Bar, Viva Argentina, Hendershots Coffee & Bar, and the newest French-style cafe, Buvez!
We have a WALK SCORE of 89! (at the walk score site), which means EVERYTHING you could need is within walking distance from this charming edge-of-downtown neighborhood including 85+ pubs, restaurants, coffee shops, and 2 charming local grocery stores. Here’s a partial list: Gift shops, high-end liquor stores with wine tastings, MTB-mountain bike trails, mapped cycling loops, 5k & 10k run courses, jogging trails, bicycling neighborhoods, the Historic district of BLVD, the tour of homes routes, The State of Georgia Botanical Gardens and hiking trails, bird watching trails of Sandy Creek Nature Center, the beach & swimming & fishing lake Chapman at Sandy Creek Park and their frisbee-golf course, the public pool at Bishop Park, 3 top golf courses, and the walking tour of Athens Music History.
For rentals and details please go to AirBnB.com and come see us in Athens. You won’t be disappointed. – Thanks, Nelson
***We sometimes get Georgia football game tickets; it’s rare, but it can’t hurt to ask just in case we end up with an unclaimed ticket or two for sale, purchase or trade.
Contact Nelson Wells for more information at AirBnB.com or
hit this google link: The Nelson Wells house – Downtown Athens Georgia at UGA
or I may be contact directly for special rental needs at
- email nelson wells (a t ) teamclermont (d o t) c o m
Purchase: This Barrow Street home is our full-time residence and not currently listed, but inquiries are welcome. For now, book in confidence and book it early to lock in your big weekends. We can’t imagine not being in this terrific neighborhood.
We are also now on Trip Advisor here.
15 Reviews ⭐️⭐️⭐️⭐️⭐️