112 days waiting for bitcoin halving!! - page 5.

alastantiger

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Quote from: slaman29 on January 01, 2024, 06:21:47 AM

Don't make the mistake of early people. Halving doesn't affect demand, it affects new supply.

You got it right.

The concept of Bitcoin halving is that it reduces the rate of new Bitcoin that are already being produced, thereby making it a serious challenge for miners to mine new coins, inadvertently driving up prices as there would be increase in demand. If this reduction in supply growth is paired together with its growing demand, it therefore contributes to the appreciation of worth of Bitcoin's value over time. In short, halving affects miners and shrinks their power in the market.

Zanab247

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Every investors know that this year will be better than last year but for the price to hit back to $69k this year, I don't think the price will reach that stage in this year but the bull run will surely occur but it will not increase above $69k. The price make many investors to experience so much joy few hours ago when the price rise to $45k but the price has fall back to 42k and it show that the January will still maintain what investors experience december last year.

Now that many hodlers knew that things difference will surely happen this year which is the reason many hodlers Continue hodling till the price take a new display that will allow some to sell to make some profits.

nimogsm

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Quote from: peter0425 on January 03, 2024, 08:39:38 AM

Quote from: Out of mind on January 01, 2024, 03:19:49 AM

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

We are here together mate , like you and many of us we are expecting a great increase in Bitcoin this year after Halving so basically we are tend to accumulate more and more before it happens .
like how we look at the market now as it falls badly again from 42k growing to 45k ? now turns back to 42k as it is the starting value so lets take this opportunity to buy and gather more before it grows higher that we cannot afford.

Those who have not yet managed to buy earlier should take advantage of the current adjustment. Perhaps the price will be even lower in the coming days because now the price is experiencing a little turbulence and it is not yet clear where it will stop.
Now is the best time to accumulate our reserves and be ready for the future halving. There is not much time left, approximately a little more than 3 months, and during this period a lot more can happen.

peter0425

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Quote from: Out of mind on January 01, 2024, 03:19:49 AM

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

We are here together mate , like you and many of us we are expecting a great increase in Bitcoin this year after Halving so basically we are tend to accumulate more and more before it happens .
like how we look at the market now as it falls badly again from 42k growing to 45k ? now turns back to 42k as it is the starting value so lets take this opportunity to buy and gather more before it grows higher that we cannot afford.

davis196

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Quote from: Out of mind on January 01, 2024, 03:19:49 AM

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

There's no direct correlation between the mining reward drop and an increase in the demand for Bitcoins.
There's only a hype, that every time a BTC halving occurs, the price hits a new ATH after several months. There's no guarantee that a new ATH will happen, but I'm optimistic that there will be several factors in 2024-205, which will help for a strong bull run. Factors like the war in Ukraine coming to an end and the central banks deciding to drop the interest rates and to return quantitative easing. Trump winning the US presidential elections can also be a bullish sign(even though Trump is anti-crypto). His presidential mandate back in 2017-2021 was a good time for Bitcoin/crypto.

suzanne5223

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Quote from: Kemarit on January 01, 2024, 05:11:31 PM

@suzanne5223 - not sure if there is a exact date or time of the halving,

There's an exact date if the calculation is correct. I used the link I provided to calculate 2 different occasions of the Bitcoin block halving and it provide the correct date though the time may not be correct.

Quote from: Kemarit on January 01, 2024, 05:11:31 PM

as the average time to get a block to confirmed varies every 14 days if I'm not mistaken. So every countdown is different, just +/- days.

An average Bitcoin block time is 10 minutes, while the difficulty level changes roughly every 2 weeks which is what I believe you're trying to say because the halving event will always take place every time 210,000 blocks which mined and it was roughly every 4 years.
This is why there's an exact date for the halving event prediction but the time may not be intact.

KingsDen

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Quote from: criptoevangelista on January 01, 2024, 09:35:02 AM

I am prepared and patiently waiting for the big day when bitcoin will return to the hype and the mainstream media, I can already imagine some news presenter saying: Bitcoin reaches a new historic high, today it is priced at 100,000 dollars!

In the future when the mining reward is less than 1 BTC per block, it will be very interesting.

That media hype is the reason for the continuous growth of the bitcoin price. Forget about the halving and it's effect, it is the FOMO that pushes bitcoin price to an unimaginable height. Just imagine that bitcoin clicks 50k today, you will see many posts on the social media hyping bitcoin to a new ATH. When bitcoin eventually reaches $70k, you will see many adverts and posting telling people that they are about to miss out on the greatest opportunity to become rich. This continuous buy, will further push the price to $100 and when it gets to 100k, you will be surprised that there will be projection of $1M Grin

The newbies who keep joining the moving train are the people that pushes the price up and up and not necessarily the reduction of miners reward. The advantage we have over the novices is that we have already occupied some early spots and still buying and waiting for the deal day.

Tytanowy Janusz

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Quote from: Zaguru12 on January 01, 2024, 11:55:36 AM

I agree that the inflation or should I say the volatility rate of bitcoin is reducing drastically as time moves on, and yes the price of bitcoin increasing will not be as high in percentage as the previous raise. But my point is each halving has been the driving tool for bitcoin to increase in price although I don’t see the forthcoming bull to increase bitcoin price more than 3x from the current ATH.

[...]

Again 3 times of a thing happening out of many doesn’t mean it will be like that, but three is no stats to prove what will happen in future rather we hold on to the reality that each halving is what drives bull run.

loose correlation does not imply causation. It's not like the price starts rising 1 day after halving because the fundamentals have changed. The price pumps hundreds of days before the halving, without any fundamental reason, and accelerates after the halving. What's more, there is also a thesis (although this is a less popular approach) describes bitcoin's growth cycles after the presidential elections (which, surprise, also happen every 4 years).

Every 4 Years a President Is Elected and Bitcoin Moons

At the moment, a loose correlation is confirmed, and the decreasing influence of the halving fundamentals makes me bealive that sooner or later Wall Street whales will play against it by reversing halving cycles (dump after halving).
93% of bitcoins have already been mined. The remaining 7% have no real power to pump the rest. In my opinion, ETF, interest rates in the USA, the risk of conflict in Taiwan, the course of the war in Ukraine, the Israeli conflict and even the situation in Guyana have a greater impact on the bitcoin price.

STT

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Good start to the year, gaining 4% in the very first day and most importantly threatening to break the recent holding pattern to the upside. Would be nice to see a whole first quarter year be full of gains before halvening I just never imagine such a simple nice outcome occurring unimpeded.
Im hoping 2025 is even bigger then 2024 but I dont mind we move from this monent on not requiring any further time. Alot of this positive push might be linked to the ETF not sure, so I can only really be sure of the underlying more important move after we get past ETF whether its passed or not the event confirming will put us into the next stage.

Kemarit

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Quote from: Out of mind on January 01, 2024, 03:19:49 AM

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.

Just don't wait for it, definitely it will come, the more you wait, the longer it will be tough on it. So let the ecosystem do it's normal flow and sooner or later we will be on bitcoin halving and next thing you know we will be in the bull run.

On the other hand, the best thing to do is just to continue to accumulate as this point. Others might think that the price is too expensive. But if you look long term and in the next bull run and new all time high in 2025, you can still make a good profit out of it.

@suzanne5223 - not sure if there is a exact date or time of the halving, as the average time to get a block to confirmed varies every 14 days if I'm not mistaken. So every countdown is different, just +/- days.

suzanne5223

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Quote from: Out of mind on January 01, 2024, 03:19:49 AM

Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.

As Bitcoin halving is only 112 days away, we are looking forward to that time.

The Bitcoin halving is actually 111 days away not 112 days and it's always a great event in the crypto market due to the new ATH price we always see in the market during the season.

Quote from: Out of mind on January 01, 2024, 03:19:49 AM

All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.

Yes, there's always a golden benefit in the market when it's halving effect market but this market is not a bull market because it was actually a bull market rally market while the bull season is the green season that doesn't have the rally.

el kaka22

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I do believe that having this little amount of time left is such a wonderful feeling, not everyone feels the same way because some of us did not manage to invest enough, me included, we all obviously want to invest more and more, and sometimes we just can't. But at the same time, I believe that the best thing to do would be making sure that we are handling it all the way better.

I hope that people could end up with something that will benefit us all, which would be halving, because when you have halving, that means the price will usually go up. I get that it is not directly higher the next day, but it is quite high eventually. I am guessing that by the end of this year (feels weird to even say we are in a new year) we should consider that it is going to be going up. But it will not be right away, it will wait until the end of the year before we could get there, so we should all be careful about it and do what we think would be the best for us all.

_BlackStar

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Quote from: Sunderland on January 01, 2024, 01:01:15 PM

Dont forget about the ETF thing soon, it will bring the BTC price up or down depends on the SEC decision.
If the SEC approves it then Millions or even Billions of $ will be flowing into BTC through the wall street = bullrun.
And if the SEC postponed it again, you know what will happen.

So, we might not see a significant price movement from "halving effects" in this year, no matter what is the SEC decision regarding the ETF.

The SEC's decision regarding ETF and halving are two factors that will determine investors' interest in the market. The halving has left many people hopeful for a repeat of history - especially its impact on price movements. Bullish is marked after the halving until bitcoin hits a new ATH - but this year the SEC has a big say in whether the new ATH will be hit in 2024 or in 2025.

Sunderland

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Dont forget about the ETF thing soon, it will bring the BTC price up or down depends on the SEC decision.
If the SEC approves it then Millions or even Billions of $ will be flowing into BTC through the wall street = bullrun.
And if the SEC postponed it again, you know what will happen.

So, we might not see a significant price movement from "halving effects" in this year, no matter what is the SEC decision regarding the ETF.

BABY SHOES

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We are never late in buying bitcoin even though the halving is only 112 days away, bullish will not come immediately after the halving will definitely wait for corrections, sideway or other events before bullish really arrives and we often call it a rally.

I will continue to buy even though the halving is near, no matter the price is now $40K more or even $50K more, the best way is to buy from now not to miss it.

One more thing don't think too much about halving for sure it will happen, think about how to accumulate more bitcoin so that your portfolio is fat.

kentrolla

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Yes we should not miss out this time as it has become quite evident that there would be null market post halving so we gotta start accumulating Bitcoin else set up a target for us to take entry like $45k to avoid missing out on rally and at the same time if we have fear of taking entry before a dump. DCA is the best option to play safe.

I guess this time lot of users have started DCA for a while now and already they are in profit.

I am not advising to invest now because we are still hoping there would be a dump before rally but I am suggesting DCA for time being and slightly higher amount if Dump happens so that we get benefitted by both the market conditions.

Zaguru12

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Quote from: Tytanowy Janusz on January 01, 2024, 11:16:58 AM

each halving was different and had a different fundamental impact on the price. The first one reduced inflation from 25% to 12% (a huge change). Another one reduced inflation from 8% to 4% (a big change), another from 3.8% to 1.8% (a small change). Current from 1.7% to about 0.8% (virtually unchanged). Currently, 93% of the supply has been minted. That 7% will take another 100 years. You really think that the mere fact of how the last 7% will be spent is strong enough to pump 93% of the already minted by hundreds/thousands of percent? In my opinion, this is the last halving cycle ahead of us, if we see it at all.

I agree that the inflation or should I say the volatility rate of bitcoin is reducing drastically as time moves on, and yes the price of bitcoin increasing will not be as high in percentage as the previous raise. But my point is each halving has been the driving tool for bitcoin to increase in price although I don’t see the forthcoming bull to increase bitcoin price more than 3x from the current ATH.

Quote from: philipma1957 on January 01, 2024, 11:29:15 AM

This ½ is the first transition from rewards to fees.

2028 and 2032 will be the continuation of that. By 2032 fees will consistently be bigger than rewards.

I think this was already predicted to happen (even though the ordinals driving it now were not in the prediction) that miners will get their incentives from fees when the reward stops. I had also predicted that it will definitely come to pass before even the block reward completely stops, my prediction was actually 2040 or even 2044 when the block reward will only just be 0.1 bitcoin per block. Looks like I am wrong we will be witnessing that a bit earlier.

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Quote from: Tytanowy Janusz on January 01, 2024, 11:16:58 AM

Quote from: Zaguru12 on January 01, 2024, 11:01:44 AM

I might have to disagree with some points like halving doesn’t increases demand, the bitcoin halving signifies the reduction of newly mined bitcoin which coherently increases the scarcity of the coin and that increases the demand of it

Wrong. Every day the supply of bitcoin increases and this reduces its scarcity because scarcity means shortage low supply compared to demand, not "decreased inflation". Bitcoin's distribution curve has been known since 2009. halving does not change how bitcoin is perceived and how rare it is today.

Quote from: Zaguru12 on January 01, 2024, 11:01:44 AM

Also the bitcoin halving has actually been the bedrock of every start to bull run and the last three halvings have actually proved this to be true, with both bitcoin and other alticoins increasing in price after the halving period.

each halving was different and had a different fundamental impact on the price. The first one reduced inflation from 25% to 12% (a huge change). Another one reduced inflation from 8% to 4% (a big change), another from 3.8% to 1.8% (a small change). Current from 1.7% to about 0.8% (virtually unchanged). Currently, 93% of the supply has been minted. That 7% will take another 100 years. You really think that the mere fact of how the last 7% will be spent is strong enough to pump 93% of the already minted by hundreds/thousands of percent? In my opinion, this is the last halving cycle ahead of us, if we see it at all.

I so agree with this bolded section.

In 2023 we witnessed the highest fees for the most amount of days in the history of the blockchain.

a simple way to say it is 6.25+2 = 8.25 coins a block but prior to 2023 we were 6.25+.25= 6.5 coins a block

will now become 3.125+2 = 5.125 coins a block

so essentially we are going to drop from 6.5 or maybe 6.75 coins per block to 5 or maybe 5.125 coins per block

those numbers are hardly a true ½ ing

and in 2028

we may drop from 5 to 4 coins per block.

This ½ is the first transition from rewards to fees.

2028 and 2032 will be the continuation of that. By 2032 fees will consistently be bigger than rewards.

Tytanowy Janusz

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Quote from: Zaguru12 on January 01, 2024, 11:01:44 AM

I might have to disagree with some points like halving doesn’t increases demand, the bitcoin halving signifies the reduction of newly mined bitcoin which coherently increases the scarcity of the coin and that increases the demand of it

Wrong. Every day the supply of bitcoin increases and this reduces its scarcity because scarcity means shortage low supply compared to demand, not "decreased inflation". Bitcoin's distribution curve has been known since 2009. halving does not change how bitcoin is perceived and how rare it is today.

Quote from: Zaguru12 on January 01, 2024, 11:01:44 AM

Also the bitcoin halving has actually been the bedrock of every start to bull run and the last three halvings have actually proved this to be true, with both bitcoin and other alticoins increasing in price after the halving period.

each halving was different and had a different fundamental impact on the price. The first one reduced inflation from 25% to 12% (a huge change). Another one reduced inflation from 8% to 4% (a big change), another from 3.8% to 1.8% (a small change). Current from 1.7% to about 0.8% (virtually unchanged). Currently, 93% of the supply has been minted. That 7% will take another 100 years. You really think that the mere fact of how the last 7% will be spent is strong enough to pump 93% of the already minted by hundreds/thousands of percent? In my opinion, this is the last halving cycle ahead of us, if we see it at all.

Moreover, the mere fact of correlation (not to be confused with causation), which was repeated 3 times, does not prove anything. I recommend playing a coin toss. It is not at all uncommon for the coin to come up heads/tails 3 times in a row. this does not mean that the coin will fall the same way again and again.

Zaguru12

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Quote from: Tytanowy Janusz on January 01, 2024, 07:50:59 AM

Halving reduce monetary inflation. Nothing more, nothing less. It definitely does not increase demand nor is it a magical price boosting event that everyone is waiting for and only thinking about.

I might have to disagree with some points like halving doesn’t increases demand, the bitcoin halving signifies the reduction of newly mined bitcoin which coherently increases the scarcity of the coin and that increases the demand of it, as many believe this scarcity can only mean an increase in price of the coin (accumulation few months before bitcoin halving and immediately after it indicates this). Also the bitcoin halving has actually been the bedrock of every start to bull run and the last three halvings have actually proved this to be true, with both bitcoin and other alticoins increasing in price after the halving period.

Quote from: Wiwo on January 01, 2024, 09:52:07 AM

But if the network problems are being put into place before that time, bitcoin investors are going to have a really good time as this halving has been one of the most anticipated by Bitcoin investors and users, as a community.

Concerning the congestion I don’t see much happening soon because all of this BRC20 token investors do not look like people who are cooling down anytime soon as they are also eyeing the next bull run for their token to follow the trend of Alticoins during bull run. We can only expect change now if the devs actually take an action

Topic: 112 days waiting for bitcoin halving!! - page 5. (Read 930 times)