Topic: 2024 Bitcoin Halving - What are Your Expectations!!! - page 12. (Read 3672 times)

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.

If the story of all the past halving will be like this next in 2024 that price will rise, it will be the expectation for profit taking because many are waiting for this to happen. Last halving bull didn't last in my eyes and in my memory just preparing to take out some profit before the crash to $50k and further down continue.

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.

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?



https://coinmarketcap.com/halving/bitcoin/

Next halving is block 840,000, block until halving is 82,807, only under 20 blocks different but the day different is too much

I have to expect the bitcoin price after halving 2024 is $250K

I hope for widespread adoption and dismissal of the usual criticisms (energy, money laundering and other illegal activities, etc.) but I doubt that will happen by 2024. It will probably become another crazy year for bitcoin and other cryptocurrencies. Insane pumps/dumps from recently launched projects, more news on regulations, and bans.

It's not accurate. The halving occurs every 210,000 blocks which takes roughly 4 years.

This is wrong too.
New bitcoins are generated in every block mined. It's estimated that a new block is mined every 10 minutes on average. A new block may be mined in a few seconds. It's also possible that it takes an hour.

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) but it's really on the halving after the next where we should see things get really interesting when only over 1.5 BTC comes every block.

I'll be "old" then, but 100k BTC should be the new conservative hmm?

I see based on the above history which you made an 150 days approximate that it will go further up and that cannot be stopped in any way.However to make a better comparison it is this one I am going to make below:

Halve of 2012
Price of 1.5 year later end of 2013 1100 dollar from a really low one

Halve of 2016
Price 1.5 year later we had the massive first all time high in December 2017 at 20.000 dollars

Halve of 2020
Price 1.5 year later we had another the biggest all time high in October 2021 at near 68.000 dollars

Based on history now after that halve I expect a huge new all time high.

                          


                                               What is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the number of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half.

In 2012, the number of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

In the upcoming 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.

                                               Bitcoin Halving Dates History
      
         2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00

       2016 Halving
The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81

     2020 Halving
The third halving occurred on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00

     Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.


Source

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.

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.......