2024 Bitcoin Halving - What are Your Expectations!!! - page 11.

Davidvictorson

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Quote from: Bitstar_coin on October 05, 2022, 04:27:56 AM

So dear colleagues, What are your expectations? other than price increase Cool

*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

I think that there is sort of like an inverse relationship between the bitcoin halving and increase in the number of users and it become more popular. What do I mean? I believe there is a negative correlation between the halving of the bitcoin supply and a rise in the currency's user base and level of popularity. Why do I say that? We already know that historically, the price of bitcoin always rises during the period of the bitcoin halving, and that more users would acquire bitcoin in order to benefit from the price increase. My prediction is that there will be more people using bitcoin, and that it will become more well-known since we will see it trending all over the world.

melody82

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Well I think the halving will be bullish, but the price of bitcoins is always so crazy that its like impossible to predict what will happen! I think up, and maybe up a lot! Getting near to it, there will probably be fomo that boosts it more, but you never know what will happen until then, like governments banning it or something like that. Who knows!

Ahli38

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in the previous halving period I didn't even hold bitcoin. So I didn't experience it either. And it's different this time. because I now keep accumulating bitcoins all the time. And with this of course I became hopeful and wanted bitcoin to surpass its current high price. Apart from the price. I also hope that more countries will adopt bitcoin as a legal tender. when it comes to popularity then I think Bitcoin naturally continues to grow in popularity. and lucky I'm in a country that I think is the most friendly towards crypto and bitcoin assets. although taxes have been imposed in this country on crypto assets and bitcoins. but it doesn't burden us at all as bitcoin holders.

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Quote from: Bitstar_coin on October 05, 2022, 04:27:56 AM

~~~

So dear colleagues, What are your expectations? other than price increase Cool

*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. Cheesy

Bitcoin vandals aren't just active during bear season with the slogan bitcoin will die, but they will be with us during the bull season with the slogan that the bitcoin bubble will burst during the bull season Cheesy

. It would be sad without them and the Fuds around us when the bull season comes.

tabas

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The past bull run had made it to the mainstream and for the financial companies. It will be a better bull run as that's my expectation to it. 6 digits could be the highest that it can get but we don't know how long it will stay at that rate.
Well, it's all about the pricing and most of us thinking about that $100k new ATH by that time after the halving. We may be too far from it but look at how time flies, we're already at the last quarter of 2022 and next year we'll be closer to the halving.

carlfebz2

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Quote from: Jating on October 05, 2022, 04:12:38 PM

I thought that the next halving is going to occur around May, my calendar might be off, Grin

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).

Same thoughts! which i do believe that it was on next year but to mind off that we are still on year 2022.LOL!

When it comes to this halving event, then majority of the community or crypto enthusiast specially with Bitcoin is that they are really that optimistic when it comes to this event which is something you cant really
ignore where positive vibes and views would really be floating and flying around.

We are all bullish when it comes to halving but dont expect or hope that much because we might see the other way around.

Cookdata

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Isn't this a little out of the discussion at this time? We are almost two years into the next halving, and depending on how new blocks are discovered, it may take a little less time or may take longer than the number of days you indicated.

There will be a price recovery of about $50k to $60k before the halving, and there will be a shake everywhere. Then, two days before the halving, some traders and speculators would sell the news, as they won't wait until that event day because they would want to outsmart others and after that, the miners will take over the market and move it to a new all-time high.
Expect to see more organizations and countries adopt bitcoin during this new bull run, and I sincerely hope that industry heavyweights like Elon Musk won't return to bitcoin, his presence in bitcoin has done more harm to bitcoin price.

OgNasty

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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.

Jating

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I thought that the next halving is going to occur around May, my calendar might be off, Grin

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).

cryptosize

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6 digits easily...

Some people are even more bullish:

https://twitter.com/stackhodler/status/1469038294591754240

BlackHatCoiner

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Milliseconds, seconds, and even minutes can't be accurately calculated at the moment. Even in the last block (or last 2016 blocks), you can't know how much time it will take to finish. Regardless of whether 60 minutes or 60 seconds have passed, the average time to find the next block is 10 minutes.

My expectation is that the price will increase.

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Quote from: Bitstar_coin on October 05, 2022, 04:27:56 AM

*Do you expect to see widespread adoption and acceptance?
*More involvement from big companies?
*More popular?
*Increase number of users?
*Any other.......

1.5 year is not that much. Of course we will see improvement in all of above points but it will not be a gamechanger and none of them will depend on halving (which is the point of this thread).

If talking about halving I'm sure that each new halving will have lower fundamental impact on bitcoin value. 4th halving will have negligible impact on value, no one will care about 5th one because:

First halving decreased inflation from 25% to 12%, second halving from 9% to 4,5% third one from 3,8% to 1,9%. So every next halving has weaker fundamental influence on price Fifth halving will decrease inflation from 0.4% to 0.2%. No one will really care that day. No matter if bitcoin inflation is 0.4% or 0.2% its both close to zero compared to 10% CPI.

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Quote from: Mauser on October 05, 2022, 08:10:48 AM

The bitcoin miners are wanting to be compensated for the reduced mining rate. If prices for bitcoins are not rising after the halving, the miners will just stop bringing new bitcoins to the market. That means that prices have to rise or demand for bitcoins as to fall.

Mining doesn't work like that!
If the price doesn't go up then miners who can't make a profit shut down their gears, the hashrate goes down the income for each miner left goes up proportionally to the mount quitting, even with the price not going up. Miners have no way to make the price go up by just mining, if that would have been the case we would simply buy three times the gear that is mining now, and look, the price would have to go up 3x times cause mining is not profitable!

Quote from: buwaytress on October 05, 2022, 04:47:29 AM

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?

samuraijin

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it is not only important to discuss the increase in bitcoin prices during the halving but also we need the involvement of big companies for bitcoin in the future as well as increasing the adoption of bitcoin widely, many things must be addressed, namely education is also about bitcoin for new people because it is also important to the survival of bitcoin itself

PeRo

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Looking at how it went in the past and how Bitcoin has gained a lot of users, adoption/acceptance is going to be much higher in the next period and up to the next halving. And since Bitcoin is growing older, many more people are interested and accepting it as a profitable asset, so I think we will have a lot of new investors who will want to profit on the expected price pump around the halving.

On the note of the price speculation, I wouldn't really speculate a number since we don't know how will the market hold until the halving. A price increase is inevitable, but we don't know what the current price of that period will even be, it might even be less than expected. Of course, fingers crossed for a huge ATH

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Quote from: bitpotter on October 05, 2022, 07:11:08 AM

Of course I will be very sure this time in 2024 bitcoin will reach more than $200k and more people will be involved in this history. But don't forget that every year there will be FUDs scattered about every year and what you have to watch out for are newbies who are new to the crypto world, they are very vulnerable to mental attacks.

We don't know if by 2024, bitcoin will reach over $200k or if it will happen because who knows, the price will rise to as high as you want it to be in the next year. But I think many people still hope to see the next ATH and sell their bitcoins at the highest price.

Negative news about bitcoin will surely accompany its journey, and we must be prepared to face it. But we don't need to be afraid of the negative news because it's not certain to happen. I also expect that ahead of the halving, the bitcoin price will be higher than the last ATH price and maybe over $200k as you said.

Husires

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Attempting to show it in milliseconds will give a false impression to users because it is impossible to know in milliseconds.

The best that can be obtained is to try to predict the days, as the margin of error can be several days if the difficulty increases, but it is impossible to get a counter down in terms of minutes and hours.

Mauser

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Quote from: Bitstar_coin on October 05, 2022, 04:27:56 AM

*Increase number of users?

This seems like the most predictable outcome after the next halving in my opinion. We all know that prices are going to rise again after the halving in 2024. The bitcoin miners are wanting to be compensated for the reduced mining rate. If prices for bitcoins are not rising after the halving, the miners will just stop bringing new bitcoins to the market. That means that prices have to rise or demand for bitcoins as to fall. It's not realistic to expect a slowdown in bitcoin demand, even now with the World having to deal with so many issues there is still a lot of trading happening in the bitcoin market. I am not sure if we are going to see a new ATH in 2024, but rising prices means that bitcoins become attractive again as investment. And the higher the price rises the more new investors are going to join the market.

SquirrelJulietGarden

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I don't know what price Bitcoin will make as its new all time high but it is not matter with me. I will take profit at price about two times from 2021 all time high. Then I will wait to buy back when a new bear market comes.

Even if price goes to higher than $120,000, I will not regret and will only wait for 70% to 80% correction from its 2024 or 2025 all time high to re-enter the market.

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Each time people discuss halving, what often remains forgotten is that there's no proof that halving objectively leads to either a price boost or a dump. In fact, it might not have any impact at all, aside from the FUD or FOMO people might experience before and after, and the price growth often happens months later, which makes it unlikely that it can be reasonably attributed to halving and not some other events.
Even this post shows the price 150 days later (so after a significant amount of time), and the increase is by, like, 15-20% (apart from 2012), which isn't anything that couldn't happen without halving.
I don't have any particular expectations for 2024 event, and I am almost sure we'll see a major price increase of Bitcoin before that because it's still a long time away.

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