Yes, opposite of what many expect many crypto's go down on the short term after the halving event.
I remember thinking "it seems the price of bitcoin also is halving everytime it happens."
In the long term bitcoin will become scarcer and eventually the price will move accordingly.
Until now it reached a new platform around 20K and I would like to think we came from below $1200
instead of that we went down from 68K. We made the higher low 20 x above last top. We may see $12K - $13K
before we can win back trust in the market and the price could go back to $30K - $60K zone.
Topic: 2024 Bitcoin Halving - What are Your Expectations!!! - page 10. (Read 3734 times)
The next bitcoin halving is less than two years, to me, this period will be different because, for the first time, I really am paying attention to important aspects of btc and keeping myself updated as well.
I can't really say much about previous halving other than just reading about them (probably because I was not holding btc) but now is different because I have been accumulating in every little way I can.
I can't really say much about previous halving other than just reading about them (probably because I was not holding btc) but now is different because I have been accumulating in every little way I can.
There's nothing new coming in year 2024 halving that had not been a major event that has taken place before, we know that whenever we are getting closer to halving, there use to be a high volatility rate in bitcoin praise whereby it will drastically fall and same way sporadically rises to surge high, what is now expected of us is the strategic positioning to the occurrence of this event of halving before it take place and and thereafter it occurrence, people will make something reasonably good out of it if carefully studied.
So dear colleagues, What are your expectations? other than price increase 
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......
First of all, I agree with @davis196, there's still a long time until the next halving and too many things can happen.
However, I do expect wider acceptance, more companies do business related to bitcoin, increased popularity and number of users, but none of that is related to halving. This happens pretty much with every day passing.
What I expect more? On long terma I expect LN get used at a really large scale, I expect more similar solutions emerge, I expect we get to the point Bitcoin gets as easy to use as the fiat credit cards and that also get implemented in shops (eg. grocery store chains), I expect large businesses enter into mining either to burn excess energy, either to keep the network secure for the sake of their own musiness.
How much of this is going to happen until the next halving I don't know, but one can hope.
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Thanks for this good research on Bitcoin halving, it is quite clear that after every halving we get a new ATH so we are expected to get it after the next halving as well. I also expect the adoption of Bitcoin to increase around the world because it is normal for Bitcoin to attract the attention of more large investors every time we hit a new peak. I also hope to see more governments adopt Bitcoin.
Yes, we can expect the price to rise much higher than the previous ATH and maybe it can reach above $100k or even $200k. Bitcoin adoption has also been increasing worldwide and although there are still some people or companies are still afraid to invest more money in bitcoin, that's okay because, in time, they will invest more in bitcoin. That will provide more support for bitcoin so that, at that time, the price can increase gradually. And we, as bitcoin users who still believe in bitcoin's ability to go higher, are still holding and buying more bitcoins because we're bound to see new ATH prices in the future. 
Nothing but a rise a few months after the halving.
I mean just by looking at the Bitcoin's last movements after the halving, we can already see that it will rise after the halving, right?
Well, a rise after halving isn't 100% sure but there is a high chance that it will happen and that's the only expectation that I have. Adoption? It will increase overtime and halving might have a little to no effect on it. As for the miners though, it will be a problem for them as their reward will be cut in half. I don't know if this might affect or worse make people not mine Bitcoin anymore except for countries that have low electricity costs but... yeah
.
I mean just by looking at the Bitcoin's last movements after the halving, we can already see that it will rise after the halving, right?
Well, a rise after halving isn't 100% sure but there is a high chance that it will happen and that's the only expectation that I have. Adoption? It will increase overtime and halving might have a little to no effect on it. As for the miners though, it will be a problem for them as their reward will be cut in half. I don't know if this might affect or worse make people not mine Bitcoin anymore except for countries that have low electricity costs but... yeah
. 
Here's another platform to have track about the upcoming Bitcoin block halvings: https://www.bitcoinblockhalf.com/
There you can also see other information about Bitcoin block halving, like how it works, what is the effect, etc.
For me, this is the biggest event that I am looking forward for Bitcoin because it will also affect the market.
There you can also see other information about Bitcoin block halving, like how it works, what is the effect, etc.
For me, this is the biggest event that I am looking forward for Bitcoin because it will also affect the market.
Thanks for this good research on Bitcoin halving, it is quite clear that after every halving we get a new ATH so we are expected to get it after the next halving as well. I also expect the adoption of Bitcoin to increase around the world because it is normal for Bitcoin to attract the attention of more large investors every time we hit a new peak. I also hope to see more governments adopt Bitcoin.
I thought that the next halving is going to occur around May, my calendar might be off, 
But in any case, yeah, it's the catalyst for the next bull run so everyone is going to be excited to see that event again. But before that, we should continue to accumulate today, still cheap as the price is still around the all time high in 2017. And we still have a lot of time to do that, and as per prediction, we might be seeing 6 digits this time, (we all expecting it in 2021).
The current time is such a time that no one's analysis is useful.But the market position is currently very difficult to understand. You ignore this current market and move forward and you will see good things ahead.But we all have seen that Bitcoin has many such incidents in the past so don't worry too much and be patient Those who have the ability to invest invest in this dumping market for long term investment and you will see that you have earned enough profit very soon. But in any case, yeah, it's the catalyst for the next bull run so everyone is going to be excited to see that event again. But before that, we should continue to accumulate today, still cheap as the price is still around the all time high in 2017. And we still have a lot of time to do that, and as per prediction, we might be seeing 6 digits this time, (we all expecting it in 2021).
Didn't mean to sound dismissive if I did, apologise for that. But if you're struggling with free electricity, then I can imagine what it's like for a business.
No need to apologize as I didn't catch any vibe from it, don't worry, as for free electricity, no, I don't have that advantage, but still the numbers are real, an S19 is mining ~7-8$ worth a day and burning 75kwh, from there you can get the picture of what miners face right now.
I suppose I always tend to think that mining, in scale, which was the type I was thinking of, always has huge margins that past years have really built up a cushion. 500+ days to next halving, and looking at the 1.5 years generally needed after for the next ATH, it is going to be survival of the fittest to another level.
I agree with the past profitability, but they won't be using that cushion to keep mining unless they earn a profit or they face heavier losses if they won't be mining because they've paid in advance rent and contracted workers when faced with better profitability from just reselling contracted electricity even the big guys like Riot have chosen to shut down. So it's fairly easy, you burn 80$ to get 100$ worth of BTC you keep mining, I burn $80 to get 60$ I'm not stupid to keep on doing it so rather than spending 80$ on electricity I just rush and buy exactly 80$ with of BTC, I do have what you can call a cushion but I'm not an oil miner to have to keep this running even if I lose money.
But yeah, it will be survival of the fittest for real if the price doesn't move in 6 months, the rest will just idle on the side waiting for the next bull market.
The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.
I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.
As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
There is really no exact date, nobody could find that exact date because there is none. The reality is that, one thing is a big fact that we can't deny at all, and that fact is "after a certain time passed over halving, the price starts to go up", we do not know how long needs to pass, or how high it will get, none of them is known.I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.
As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
What we know is that it is going to be some time after the halving, and we know that it is going to be something that will be higher than what it entered the halving as. This is why it is a smart decision to buy a bit before halving, and sell a while later, that way you could profit, better would be buying now and selling after 3-4 halvings later.
I suppose I always tend to think that mining, in scale, which was the type I was thinking of, always has huge margins that past years have really built up a cushion. 500+ days to next halving, and looking at the 1.5 years generally needed after for the next ATH, it is going to be survival of the fittest to another level.
We don't know when a new all time high will be touched and we don't know where is a new all time high.From my experience, I know that we will have a new all time high as one of consequences of each halving. It's truly that we will have so many times and chances to take profit at higher price than the past all time high. Even if you miss a new all time high, don't sell at or around a new all time high, you will still be able to sell a lower price. Lower price under a new all time high should be higher than past all time high.
Just like you missed $69,000, you would have had many prices to sell from $50,000 to $40,000 and $30,000 or even just higher than $20,000.
Didn't feel too long ago to me when we had last halving, it definitely doesn't feel too long more to the next one. 3+ BTC per block may seem even "admissible" to miners if you consider how long they've been enjoying and taking profits (and yeah many are supposed to be almost underwater now but still think that's an exaggeration)
It's not an exaggeration, I'm looking at a machine earning 7$ a day (soon $6 the way the hashrate is going) with free electricity and the same machine going for around $2k on the market, 3 years of ROI with free electricity. Yeah there have been good times in mining, one year ago we were talking about $40 a day for the same machine but think of the future, with this kind of revenue once you have a miner breaking down, do you think of replacing it or you would simply keep with just what you have?
Didn't mean to sound dismissive if I did, apologise for that. But if you're struggling with free electricity, then I can imagine what it's like for a business.
I suppose I always tend to think that mining, in scale, which was the type I was thinking of, always has huge margins that past years have really built up a cushion. 500+ days to next halving, and looking at the 1.5 years generally needed after for the next ATH, it is going to be survival of the fittest to another level.
The 150 days interval used by the OP does not allow the effect of the halving in 2012, 2016 and 2020 to be seen, he could have added the peak attained after the halving of each year for the effect to be well appreciated. Nonetheless, halving is a good tradition of Bitcoin and perhaps a time for BTC lovers to make money, but many are overrating this.
I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.
As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
I've read some people claiming that 2024 halving would make BTC reach $100-150K, while some even go as high as $240K due to a cycle theory that might not see the light of the day.
As for me, the 2024 halving will surely help BTC to fly higher, but I predict that nothing higher than $100K would be witnessed. Precisely, BTC should not go above $87K due to the halving.
~~~
So dear colleagues, What are your expectations? other than price increase
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......
So dear colleagues, What are your expectations? other than price increase
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......
No need to expect, just once bitcoin price goes up again and hits new ATH in 2024 the things you mentioned will increase automatically, there will be more bitcoin adoption in companies, countries, users...I can tell you that things will grow exponentially and one thing that never goes away with those good things, which we often hear about is the bitcoin bubble about to burst, run now.
yesterday and I believe like you, once the market reverses everyone including the doom preachers of Bitcoin will jump back into the circle including new users that will FOMO in too.
I think the halving will likely be a somewhat non-event as usual. Sure, we'll probably see a runup in price beforehand and a selloff once it's done as people buy the rumor and sell the news (as if it weren't already locked in). The real fireworks will probably happen when the rubber hits the road in 2025 though and the cut supply starts really being felt by the market. I'm expecting summer of '25 to probably bring us the 6 figure Bitcoin we've been waiting for. If it doesn't hit at least $85K I can say that I will be disappointed.
That's it! we have seen before a run up approximately 6 months before the event and
the question being asked very close to the event "is the halving PRICED IN already?" meaning
on the day of the halving and those days following is the price going to miracously jump,
and it doesn't really. It's the months following where the action really happens.
I would be very dissapointed if $100k isn't crossed!
So dear colleagues, What are your expectations? other than price increase
*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......
There will definitely be more interest generated by the event, newbies are going to
get sucked in and get burned 2 years later.
Widespread adoption and all that - not likely just based on a block reward cut.
It's too early to discuss the next Bitcoin halving. Anything can happen in the next 2 years.
Why do you compare the halving price with the price 150 days after the halving? The massive price pumps usually happen 9+ months after the halving. It has been discussed multiple times in the forum, that a Bitcoin halving doesn't have a direct impact over the Bitcoin price, but it creates positive hype around the Bitcoin traders and users, so they start buying more BTC expecting the price to go to the moon. The price goes up, so the hype seems like a "self-fulfilling prophecy".
Why do you compare the halving price with the price 150 days after the halving? The massive price pumps usually happen 9+ months after the halving. It has been discussed multiple times in the forum, that a Bitcoin halving doesn't have a direct impact over the Bitcoin price, but it creates positive hype around the Bitcoin traders and users, so they start buying more BTC expecting the price to go to the moon. The price goes up, so the hype seems like a "self-fulfilling prophecy".
I am not expecting a lot from this next Halving, based on the price behavior prior to the previous Halvings that we had before. Yes, it has a influence on the price, because it is a talking point in the media in the run up to the event, but most of the time... it only has a small impact on the price. 
People are making a big deal out of the Halving to hype it up, but the big whales are used to this and they are the ones that are having the biggest impact on the Bitcoin price.
People are making a big deal out of the Halving to hype it up, but the big whales are used to this and they are the ones that are having the biggest impact on the Bitcoin price.
my hope if bitcoin halving is not much,
I hope bitcoin users get smarter, the users increase, and I become a successful and happy person.
but sometimes I like to think, is this bitcoin halving really going to happen,
but if you think about it,
- more and more bitcoin users
- technology is advancing
- many people already know about crypto investing
- most likely bitcoin will continue to advance
strangely, sometimes I have doubts about it,
somehow?
I hope bitcoin users get smarter, the users increase, and I become a successful and happy person.
but sometimes I like to think, is this bitcoin halving really going to happen,
but if you think about it,
- more and more bitcoin users
- technology is advancing
- many people already know about crypto investing
- most likely bitcoin will continue to advance
strangely, sometimes I have doubts about it,
somehow?
The last Bitcoin Halving was crazy and it really creates some scenarios where it raises its popularity I'm sure when we getting more closer, more people will gonna buy bitcoins to get ready for sure profits. 2024 could be a different scenario as well but one thing is for sure, the price will increase and have a chance to go for record-breaking ATH. Just like the past history of bitcoin halving, it will gonna also attract more big fish in the market when they see the price rising too much.
Why is so much different from the coin market cap? what timezone do you use? 23 days is enough far. I don't know how to calculate, based on what?
Till now, 757,193 block have been mined and there are 82,807 blocks until the next halving. Assuming the average block time for these blocks will be exactly 10 minutes, the halving should be 828,070 minutes later which is 575 days, 1 hour and 10 minutes later.
With this assumptions, the halving will be on May, 02, 2024. You see exactly the same date on Coingecko and bitcoinblockhalf.
buybitcoinworldwide (which was used by OP) and coinmarketcap (which was mentioned by you) are using different methods for estimating the halving date.
For example, you can use the average block time of previous halving periods or average block time of the previous difficultly adjustment period.
No one knows the exact date of halving.
Now, you make some difference (575 days), there is already a number of 532, 500 days...maybe next someone can make another difference.
but in my opinion, the difference in time is not important right now, because it's still long and people have begun to collect before it is too late like past. Don't fall into the same hole, too late to buy and then stuck at a high price.
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