The amount of FUCD and general misinformed/malicious negativity that has been spread about the halving means there will be a relief rally of some sort when it turns out to be a nothing more than a quite boring, uneventful clicking over of the time-stamping calendar and everything works as advertised on the tin.
For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.
Actually, the last halving coincided with the release of ASICS, which probably smoothed over the transition. So we might see a bit more of a slowdown this time around, but I don't expect any major issues.For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.
Well the ASICs started getting released a few months after the halving (Avalon) and not really in large quantities. It all happened around the april 2013 bubble. In early 2013 FPGAs still dominated the mining scene, with GPUs switching to LTC (Scrypt). It became an ASIC only game in late 2013 when they started being available en masse. So a full year after the halving.